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.
Urban is a leader in providing evidence and solutions on the issues that affect the well-being of people and communities. Explore our insights.