Race Strongly Influences Mortgage Lending in St. Louis, Study Finds
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A street in Ferguson, Mo., in the St. Louis metropolitan area. Many neighborhoods in the St. Louis area remain largely segregated. CreditWhitney Curtis for The New York Times
In the two years since the shooting death of Michael Brown in Ferguson, Mo., the nation has come to learn much about the stark socioeconomic differences between black and white neighborhoods in the St. Louis area.
Now, a new study says that mortgage lending appears to have played an important part in reinforcing segregation there.
Federal data has long shown that the black neighborhoods of St. Louis have been almost devoid of mortgage lending in recent years. A major reason for the dearth of lending is that the incomes of many black residents may be too low to afford a house or qualify for a loan…
Race Strongly Influences Mortgage Lending in St. Louis, Study Finds
