FINANCE: The Worst Cities for African-American Mortgages

FINANCE: The Worst Cities for African-American Mortgages

The National Council of Negro Women recently released a report that found African-American and Hispanic women continue to receive unequal treatment in the mortgage process.

Middle- and upper-income black women were at least twice as likely to receive high-cost loans as middle- and upper-income women females in more than 84 percent of the cases studied. And Hispanic women in the same income group were at least twice as likely to receive high-cost loans as white females in the income group in almost 62 percent of the cases reviewed.

The study also listed the 10 cities where African-Americans and Hispanic woman were the least like to encounter fair home-lending practices.

1. Raleigh-Cary, North Carolina
2. Minneapolis-St. Paul-Bloomington, Minnesota
3. Milwaukee-Waukesha-West Allis, Wisconsin
4. Bridgeport-Stamford-Norwalk, Connecticut
5. Washington, D.C.-Arlington-Alexandria, Virginia
6. Chicago-Naperville-Joliet, Illinois
7. Cleveland-Elyria-Mentor, Ohio
8. Hartford-West Hartford-East Hartford, Connecticut
9. Oakland-Fremont-Hayward, California
10. Philadelphia