The Metropolitan St. Louis Equal Housing Opportunity Council (EHOC), a SLEHCRA member organization, recently released their report entitled “Redlined: A Fair Lending Analysis of the St. Louis Metropolitan Area.”
The report examines home mortgage lending trends in the St. Louis metro area, finding substantial decreases in lending to low-income and minority borrowers and communities over the last three years. African-American borrowers and neighborhoods are still more likely to be denied a loan, and are still more likely to receive a high cost loan than white borrowers and communities. The report also examines the performance of the top ten mortgage lending institutions.
Redlined: A Fair Lending Analysis of the St. Louis Metropolitan Area [google document]