Testimony Testimony to the Committee on Consumer and Regulatory Affairs
Budget Hearing for the Department of Insurance, Securities and Banking
Peter A. Tatian
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The latest data for the District of Columbia indicate that the share of mortgage loans from subprime lenders is declining, but differences across wards and racial and ethnic groups point to areas where predatory or illegal practices might be occurring. The Council can consider several measures to address these concerns, including providing better education and credit counseling for homebuyers, requiring more reporting by mortgage lenders, and testing mortgage lenders for fair housing practices.

Research Areas Race and equity Housing
Tags Federal housing programs and policies Racial and ethnic disparities Housing markets Racial segregation Civil rights laws and regulations Race, gender, class, and ethnicity Washington, DC, research initiative Racial barriers to housing
Cities Washington-Arlington-Alexandria, DC-VA-MD-WV