The Great Divide 2004: Home Purchase Mortgage Lending Nationally and in 120 Metropolitan Areas. By Association of Community Organizations for Reform Now. (The Association, Washington, DC) October 2004. 23 p.
Full Text at: www.acorn.org/fileadmin/ACORN_Reports/hmda2004/Great_Divide_2004.pdf
["This study of mortgage lending shows evidence of increased lending disparities where even upper-income African-Americans were more than twice as likely (2.6 times) to be turned down for loans than upper-income whites. Findings also show that larger gains in lending to minorities and lower income people were made in the earlier 1993-1998 time period, while disparities increased in the more recent five years since 1998. Although, lending to minorities and lower income families has increased, it is still at low levels compared to their share of the population and the quality of these loans has changed." Moving Ideas (November 3, 2004) 1.]