Housing Policy: Black Families Still Suffer Redlining

The killing of George Floyd by a Minneapolis police officer unleashed anger across the country over the mistreatment of Blacks throughout American history. Inequality can manifest in many ways and in many parts of our culture, despite laws that outlaw discrimination. Our housing and financial markets are no exception. Although the practice of redlining was banned more than 50 years ago, Redfin says that Black families continue to feel the impact.   Redlining came into being in the 1930s. The Home Owners' Loan Corporation rated neighborhoods on their overall likelihood of default or "mortgage security."   www.NewsForInvestors.com