Fair 19°
Tag:

Mortgage Lending

News
REPORT: This New Jersey Bank Is Not Serving People Of Color For Home Loans REPORT: This New Jersey Bank Is Not Serving People Of Color For Home Loans
Report: This New Jersey Bank Is Not Serving People Of Color For Home Loans New data found that nearly two-thirds of mortgage lenders are denying home loans for people are color at higher rates than for white people, the New York Times reports. The Center for Investigative Reporting found that the pattern is widespread across the U.S., but some lenders stood out more than others, the article says. TD Bank has several locations across Bergen and Passaic counties. None are specified in the New York Times article. TD Bank, with headquarters in Cherry Hill, was most likely to deny loan applications in 2015 and 2016, The Times says. The article says: TD Bank is more…

SHARE

by Cecilia Levine