- to withhold home-loan funds or
insurance from neighborhoods considered poor economic risks;
to discriminate against in housing or insurance.
Redlining in the Past
The Home Owner's Loan
Corporation: How the federal government, in 1937,
color-coded the future of Syracuse. Take a look at the actual pre-war,
redline map of Syracuse.
The federal Community Reinvestment Act of 1977 was designed to put an end to all
redlining practices. But has it?
HUD says insurers biased. Federal
officials accuse insurance agencies of discriminating against Syracuse area
The New Redlining. Extensive
U.S. News and World Report study finds poor Americans pay more than twice, on
average, what residents of middle-class neighborhoods pay for property
Don't Let Banks Turn Their Backs on
the Poor. Robert E. Rubin, Treasury secretary from 1995 to 1999, warns that
steps are being taken towards a dismantling of the Community Reinvestment Act.
'Redlining' rules may be
weakened. "Federal banking regulators in the Bush administration are poised
to weaken the nation's primary law requiring small banks to serve low-income
residents in their own back yards through housing investments and development
Gap. A recent Harvard study finds that, "...mortgage lending discrimination forces many
urban home seekers to move to the suburbs to pursue the dream of homeownership."
American Dream Denied: When the door is locked to buying a home.
A study of redlining by the Kansas City Star uncovered "discrimination
with a smile."
Lending Data Sought. To identify
practices, local community group Syracuse United Neighbors (SUN) and Senator
back national legislation requiring that lenders disclose interest rates,
fees and points for all loans they make.
Alleges Predatory Lending. The FTC files a federal lawsuit in April, 2002
alleging predatory lending in Syracuse.
loans go to minorities, study says. Study finds that, in the City of
Syracuse, 1% percent of recent FHA loans went to predominantly minority
neighborhoods while 78% went to white neighborhoods.