Black and Hispanic home-loan applicants in New York are more than twice as likely to be denied as white applicants, a study by StreetEasy found.
Applications submitted by black consumers were
"The study reveals the difficulty of financing a home in New York City, especially for racial and ethnic minorities who have lower median household incomes and face access-to-credit issues," StreetEasy said in a news release.
StreetEasy's study was based on an analysis of 2013 data furnished under the Home Mortgage Disclosure Act. StreetEasy is a subsidiary of Zillow Group.