Chapter 7 - Lesson 3 Mortgages An interesting article on the relationship of electronic mortgage applications and discriminatory lending practices can be found on the channel2000 web site. Read the article to answer the following questions. Suggested keywords: mortgage discrimination Web site: http://www.channel2000.com/sh/money/personalfinance/money-personalfinance-20000509-182019.html Your Name: Today's Date: Question 1:According to the article, which group is most likely to be denied a mortgage loan: whites, African Americans, or Asian Americans. Least likely? Aside from personal prejudices, what reasons are given for this? Question 2:If you suspected you had been denied a mortgage loan for discriminatory reasons, what would you do? Be specific. Question 3:Does the author of the article think the rise of electronic loan applications will lead to more or less discrimination against loan applicants? Why? Do you agree?
Chapter 7 - Lesson 3 Mortgages
An interesting article on the relationship of electronic mortgage applications and discriminatory lending practices can be found on the channel2000 web site. Read the article to answer the following questions.
Suggested keywords: mortgage discrimination Web site: http://www.channel2000.com/sh/money/personalfinance/money-personalfinance-20000509-182019.html
Your Name:
Today's Date:
Question 1:According to the article, which group is most likely to be denied a mortgage loan: whites, African Americans, or Asian Americans. Least likely? Aside from personal prejudices, what reasons are given for this?
Question 2:If you suspected you had been denied a mortgage loan for discriminatory reasons, what would you do? Be specific.
Question 3:Does the author of the article think the rise of electronic loan applications will lead to more or less discrimination against loan applicants? Why? Do you agree?
