Black, Hispanic Mortgage Applicants Denied at Twice the Rate of Whites, Asians

Posted from: http://www.zillow.com/blog/mortgage-applications-2015-207578/

Black and Hispanic people who apply for mortgages continue to be denied at rates far higher than whites and Asians.

The numbers have improved in recent years, with 22.4 percent of black applicants denied conventional loans in 2015, according to Zillow Research’s analysis of the latest Home Mortgage Disclosure Act (HMDA) data. That’s down from a denial rate of 30.5 percent in 2010….

Posted from: http://www.zillow.com/blog/mortgage-applications-2015-207578/

Black and Hispanic people who apply for mortgages continue to be denied at rates far higher than whites and Asians.

The numbers have improved in recent years, with 22.4 percent of black applicants denied conventional loans in 2015, according to Zillow Research’s analysis of the latest Home Mortgage Disclosure Act (HMDA) data. That’s down from a denial rate of 30.5 percent in 2010….

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