Paying More for the American Dream Series

Paying More for the American Dream Series

From 2007 to 2012, New Economy Project (formerly NEDAP) co-authored six annual reports analyzing racial disparities in mortgage lending and other systemic inequities in the housing finance system.  Focused on seven major cities across the U.S., the reports include GIS maps and were produced in collaboration with California Reinvestment Coalition, Ohio Fair Lending Coalition, Community Reinvestment Association of North Carolina, Massachusetts Affordable Housing Alliance, Empire Justice Center, and Woodstock Institute.

Racial Disparities in FHA/VA Lending (July 19, 2012)
A report documenting racial disparities in conventional home-purchase and refinance lending.

The Persistence and Evolution of the Dual Market (April 2011)
A report documenting the sharp decline in conventional refinance lending in communities of color — even while lenders increased this lending in predominantly white neighborhoods — between 2008 and 2009.

The Decline of Prime Mortgage Lending in Communities of Color (May 2010)
A report documenting the sharp decline of prime refinance lending in communities of color between 2006 and 2008.

Promoting Responsible Lending to Lower-Income Communities and Communities of Color (April 2009)
A report on the critical role that the Community Reinvestment Act plays in promoting affordable mortgage lending to lower-income borrowers and communities in NYC and nationally.

The Subprime Shakeout and Its Impact on Lower-Income and Minority Communities (March 2008)
A report examining the lending practices of a subset of subprime lenders in low income neighborhoods and communities of color.

A Multi-State Analysis of Higher Cost Home Purchase Lending (March 2007)
A study showing disparities in the pricing of home purchase loans based on race, in New York City, Chicago, Los Angeles, Boston, Charlotte, NC, and Rochester, NY.