Black applicants are more likely to be denied mortgages, study finds
If the lending pie does grow, who gets a bigger slice?
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Traditional measures of risk like debt-to-income ratios disproportionately hurt Black borrowers, said Henry Louis Taylor Jr., a professor of urban and regional planning at the University of Buffalo.
“They’re not going to do well on that because of the low incomes that they have traditionally and because of the debts that they acquire just trying to make ends meet,” he said.