New Orleans Looking into the rising return of the family crushing and neighborhood killing predation involved in contract-for-deed property transactions being revived by Wall Street veterans and facilitated by weak regulations and federal off-loading of foreclosure inventory from the real estate bubble of 2008, I stumbled onto an interesting book, Family Properties: Race, Real Estate and …
Tag: redlining
Housing Discrimination is Back! Did it Ever Leave?
New Orleans The Community Reinvestment Act (CRA) was passed in 1978 banning racial discrimination in lending. The Home Mortgage Disclosure Act (HMDA) was passed as well, forcing banks to supply the data on where they approved mortgages and the racial and ethnic information on the borrowers. Reporting and enforcement is under the jurisdiction of the Federal …