Louisville's Lending Practices: How Fair Are They?

Interesting also to note from the NCRC report are some findings about Louisville specifically:

- In "Louisville-Jefferson County, KY-IN [along with 7 other metro areas,]...Low-to-Middle Income (LMI) Hispanics received a smaller share of high-cost loans, compared to LMI whites." That means Louisville's lending practices aren't discriminatory toward Hispanics, anyway. (In these terms, we are 159th out of 165 metro areas surveyed. Not too shabby!)

- Also, with regard to Middle-to-Upper Income Hispanics versus Whites, we are 170th out of 200 for discriminatory lending, meaning we're in the bottom 30 for discriminating against Hispanics in our lending practices. Go, us! I guess Louisville doesn't discriminate against Hispanics so much. I'm surprised, quite frankly.

- In the study, Louisville was found to be 91st out of 217 metro areas surveyed in cost-disparity with regard to Middle-to-Upper Income Blacks versus Whites. That means we're in the top 50% of discriminatory lenders, so that's not good. However, at least we're not, like, in the top 50.

- Louisville's overall ranking was 105 out of 189 in overall discriminatory mortgage lending. That means we're closer to the "not discriminatory" pole than the "we're discriminatory" pole. So, that's encouraging, I suppose, but clearly, we have a long ways to go.


from the site Encyclopedia Britannica