Ann Arbor Ranks Fourth in Nation for Racial Disparities in Mortgage Loan Prices
The National Community Reinvestment Coalition has released a study on racial disparities in high-cost home mortgage loans from more than 219 metropolitan areas. The report is based on 2006 data from the Home Mortgage Disclosure Act. The 2006 data is the latest available data. Here is the press release about the study and the full 64 page report.
Today’s Ann Arbor News reports that “Ann Arbor ranked fourth among metropolitan areas in the United States for the most pronounced racial disparities in home mortgage loan prices."
The methodology of this report may receive more scrutiny than the methodology of the more positive rankings the city has received.