Plaguing the startup was a major problem: Dozens of those who had won the lottery, married people as well as single, were being denied mortgages because of poor credit histories or inadequate income.
It's the hard-working blue-collar families making the biggest investment of their lives that are at risk of being denied mortgages or home equity loans because of inadequate appraisals.
He persuaded Gov. Richard J. Hughes to convene a summit to address the need for minority home ownership, leading to progressive housing legislation prohibiting the practice of blockbusting by banks seeking to deny mortgages to minority applicants.
The Federal Reserve is expected to report that blacks and other minorities are denied mortgages far more frequently than whites with comparable incomes when it releases a study next week.
They also attempted to convince banks to deny mortgages to black buyers, but soon gave up.
A8 Minorities are denied mortgages far more frequently than whites with comparable incomes, a Federal Reserve study is expected to report.
At the Boston Fed, he tried to ensure that people in poor neighborhoods were not unfairly denied mortgages.
We have come a long way since the days when banks wrote off entire minority communities, denying loans and mortgages to creditworthy people because of their race or where they lived.
In Washington, Acorn once tied red ribbons around a Crestar Bank branch to object to what Acorn saw as the bank's practice of redlining, or denying mortgages to inner-city areas.
The Economy The Fed is expected to report that blacks and other minorities are denied mortgages far more frequently than whites with comparable income.