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Home » Store » News » Minority Lending Surges in ’03, Denials Rise

Minority Lending Surges in ’03, Denials Rise

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Minority denial rates rose slightly in 2003 despite a record 33.6 percent increase in home loan originations and a significant jump in minority lending last year, according to Inside Mortgage Compliance’s analysis of the latest Home Mortgage Disclosure Act data. Data released last week by federal banking regulators showed last year’s rejection trend among minority loan applicants swinging back up to 13.9 percent, after dropping to 12.3 percent in 2002 from the previous year’s
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