— Zach Wichter, Bankrate
The days of race-based housing discrimination in the U.S. are legally behind us, but the legacy of policies that kept nonwhite citizens out of some neighborhoods remains pervasive.
America’s discriminatory past can still be seen today with nonwhite mortgage borrowers generally getting charged higher interest rates, and persistent “voluntary” neighborhood segregation.
These trends can be traced in part to an official government policy of the past, commonly known as redlining, which codified racist attitudes in real estate and finance, and made it more difficult for nonwhites to purchase homes.
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Full Article @ Bankrate