Solano Real Estate Scene: Modern day redlining

The Vacaville Reporter published an article Feb. 16, written by Janie Har of The Associated Press, on page one of the business section titled “California Latinos make up small fraction of mortgage market.”

In this story, she quotes from a study done by Reveal, The Center for Investigative Reporting on conventional loan applications in California. She states that nearly half the population of the Los Angeles area is Latino and only 18 percent of the conventional loan applications are from Hispanic applicants and even in the more affordable Fresno market, which is also 50 percent Latino, only 25 percent of the loan apps are Latino homebuyers.

The study did not include data on FHA or VA loan applications, but the story insinuated that mortgage lenders steered Latino and…

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