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Home » Store » News » Fed Governor Confirms Racial Disparities in New HMDA Numbers; Official Report Set for Release in September

Fed Governor Confirms Racial Disparities in New HMDA Numbers; Official Report Set for Release in September

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A Federal Reserve official confirmed for the first time last week that some minority groups were more likely to get higher priced mortgage loans in 2004 than were white borrowers, but he abstained from drawing any definite conclusions about possible discrimination in the industry. Edward Gramlich, a governor on the Federal Reserve Board, said the pricing results are preliminary conclusions drawn from expanded data collected through the Home Mortgage Disclosure Act last year. Although official…
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