Thomas: Study Alleges Mortgage Discrimination High in Greenville
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Senator David Thomas of Greenville plans to propose a law to make lenders report more on the loans they grant. Said Thomas, “One of the things you additionally have to do is accumulate information with each of your clients that would categorize them racially and list their credit score.”
WSPA: Study Alleges Mortgage Discrimination High in Greenville
Wednesday, Sep 19, 2007 - 04:37 PM
By Heather Sullivan
While foreclosures on homes continue to rise across the country, two State Senators plan to hold a hearing tomorrow on a startling report.
The National Community Reinvestment Coaltion says Greenville is the tenth worst city in the country for racial discrimination in home loans. It says Charleston tops the list. What does this mean? The report says black families often end up in more expensive home loans than similar white families.
But banking and mortgage associations say federal regulation prevent lenders from discriminating and the study’s numbers don’t reveal the whole picture.
David Stanton’s Inside SC Politics
Filed Under Top News, Bryant | Leave a Comment
S.C. Senate Republican website
The S.C. Senate Republican caucus has a new website: www.scsenategop.com. Built on a new blog platform, the site will help keep voters informed of news from the Statehouse. Using the latest video technologies, Senators will be able to speak directly to voters. The blog will be updated daily.
Also, State Senator Kevin Bryant, (R)-Anderson County, is blogging at www.kevinbryant.blogspot.com.
