INEQUITY REVEALED

HOMEOWNERSHIP AND HEALTHY LIVING GAPS ONCE IDENTIFIED BY ANECDOTAL EVIDENCE PROVEN THROUGH FINE-GRADE DATA

Starting in 2019, the federal government began sharing mortgage data used to measure how well applicants manage their debt and how much of the property’s overall value is being financed. Those are two of the biggest factors lenders use before making a home loan. 

The Markup used the data to show continuing inequity even a half century after The Fair Housing Act of 1968 made it illegal to deny someone housing based on race or other protected categories.

“We found 89 metropolitan areas, spanning every region of the country, where lenders were more likely to deny people of color conventional mortgages than White people with similar financial characteristics,” The Markup reported, when it analyzed local data along with national numbers. 

“Of the biggest metropolitan areas, Chicago, had one of the widest disparities: Black applicants there were 150 percent more likely to be denied than White applicants.”

Despite exhaustive reporting backed by independent expert data analysts, much of the lending industry has disputed The Markup’s findings.