Ten years after the economic recession, credit has returned for most Americans. By 2016, the number of conventional mortgages had risen 95 percent since the housing bust. But Reveal’s yearlong investigation found that some Americans are being left out of this economic prosperity. Reporters Aaron Glantz and Emmanuel Martinez analyzed 31 million mortgage records and determined that people are color are being systematically denied home mortgages in 61 metro areas across the country.
Part one of a two-part series with PBS NewsHour takes a closer look at how this plays out in Philadelphia, one of the largest cities in America where African Americans were disproportionately turned away.
- Read: For people of color, banks are shutting the door to homeownership
- Read: Gentrification became low-income lending law’s unintended consequence
- Read: 8 lenders that aren’t serving people of color for home loans
- Listen: The red line: Racial disparities in lending
- Learn: How we did our analysis
- Explore: Search for lending disparities where you live, or text LOAN to 202-873-8325 to Reveal. Standard text rates apply.
- Read: The full white paper
- Watch: Struggle for black and Latino mortgage applicants suggests modern-day redlining