The Mortgage Wall
After a Latino family was prevented from applying for a mortgage in New Jersey, Futuro Investigates began digging into mortgage application outcomes in the state. Our investigation determined Latinos are more likely to be denied mortgage loans than white borrowers.
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The work of Futuro Investigates is made possible by The W.K. Kellogg Foundation, the Chan Zuckerberg Initiative, the Tow Foundation, the Geraldine R. Dodge Foundation, Michelle Mercer and Bruce Golden, and Hispanics in Philanthropy.
The Mortgage Wall: In New Jersey, lenders deny home loans to Latinos more often than to white applicants
A Latino family in New Jersey was prevented from applying for a home loan. Their experience sparked an investigation highlighting disparities in lending outcomes between white and Latino residents.
Futuro Investigates combed through federal mortgage data and used statistical modeling to compare application outcomes. Here’s how we did it.
The mortgage process can be challenging, especially for first-time homebuyers. Navigating it successfully requires preparation and education.