A stark racial disparity still exists when it comes to receiving mortgage loans. Although overall mortgage applications are getting denied at their lowest rate in the past 20 years, black applicants are still twice as likely as white applicants to get denied for a conventional loan, according to a new study from Zillow. The overall share of applicants denied for conventional mortgages has dropped to 9.8 percent, a sharp decrease from its 18.1 percent rate […]
source https://therealdeal.com/2018/04/19/black-applicants-twice-as-likely-as-whites-to-get-denied-for-mortgage-loans-study/
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