Abstract
This note discusses the problem of mortgage loan discrimination in America. In January 2021, mortgage rates in America were the lowest in history at 2.65%. Around this time, there was a high demand for housing throughout the country. Yet in 2022, 26% of Black applicants had mortgage applications denied. Mortgage loan discrimination continues to be a barrier for African American homeownership. However, this barrier can be overcome by supporting nonprofit organizations and community banks, creating a new federal agency which provides reparations and guaranteed mortgages, and passing the Fair Access to Financial Services Act.
Recommended Citation
Paul Campbell,
Mortgage Lending Discrimination: A Barrier in the Land of Opportunity,
28
U.D.C. L. Rev.
(2025).
Available at:
https://digitalcommons.law.udc.edu/udclr/vol28/iss1/12