The Chicago Reporter Undercut and underserved

Undercut and underserved

Among the Chicago metro area's top 10 lenders for prime-rate mortgages in 2006, black and Latino homeowners often received high-cost loans at disproportionate rates. And for lenders who rarely granted high-cost loans, black and Latino consumers were typically underserved compared to the metro area's totals.

Click here to download an Excel file containing figure for the 10 lenders.

Note: Data includes conventional, first-lien, home purchase, home improvement and refinancing loans for owner-occupied, one-to-four unit family properties.

Source: Federal Financial Institutions Examination Council, analyzed by The Chicago Reporter.

Apr 28The Reporter captured the Chicago Headline Club’s 2008 Watchdog Award for Excellence in Public Interest Reporting. The Reporter was also honored with two Peter Lisagor Awards for Exemplary Journalism.May 8The Reporter received a meritorious achievement award in the 19th annual Herman Kogan Media Awards sponsored by The Chicago Bar Association.May 16Reporter Jeff Kelly Lowenstein recently appeared on WBEZ 91.5-FM's Eight Forty-Eight show to discuss his work on regional transportation system. Visit here to listen to the segment.May 18Tune in to the next City Voices show where The Chicago Reporter will host a discussion about the Chicago region’s need for an expanded and better utilized public transit system. The show airs on May 18 at 6:30 p.m. on WNUA 95.5-FM.

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