what is redlining in real estate

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Discriminatory act in real estate financing

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  • What is redlining in mortgage?

  • Redlining is a term used to refer to a now-illegal practice in the mortgage lending industry. Lenders used to draw red lines around portions of a map to indicate areas of a city in which they didn want to make loans. Even if a credit-worthy applicant applied to buy a home in those neighborhoods, they could be denied.

  • Is Redlining real estate legal?

  • Redlining real is undeniably illegal. The Fair Housing Act expressly prohibits lending discrimination against neighborhoods on the basis of race and other protected factors. Further, the Equal Credit Opportunity Act prohibits racial discrimination in any part of a credit transaction, including redlining real estate.

  • What is’redlining’?

  • What is ‘Redlining’. Redlining is an unethical practice that puts services (financial and otherwise) out of reach for residents of certain areas based on race or ethnicity.

  • What does it mean when a neighborhood is redlined?

  • The neighborhoods considered 渞isky?for discriminatory bank lenders were outlined in red. Redlined neighborhoods on these original maps were majority Black neighborhoods in older city-centers. Both private and public entities used redlining discrimination to deny loans to Black loan applicants for years to come.

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