Home Truths

In a three-part investigative series, "The hard truth in lending," Binyamin Applebaum and Ted Mellnik of the Charlotte Observer looked at 2.2 million mortgage records of the 25 biggest lenders in the country. They found that blacks are four times more likely than whites to get socked with high interest rates. With the 10 biggest lenders, blacks were twice as likely to have their loan applications denied. These trends, they learned, hold true even when income levels are taken into account.
www.charlotte.com/mld/charlotte/business/special_packages/lending