Yet, by following Department of Justice press releases, you would discover that reverse redlining
was a legal theory applied to "buy here, pay here" auto dealers.
First they were redlining minority communities by refusing to provide housing loans," Stein says, "then they went into reverse redlining
targeting minority communities with highly predatory loans, now they're swinging back to redlining again.
Wolters Kluwer Financial Services' Fair Lending Wiz software helps lenders effectively monitor against a variety of potential fair lending concerns, including redlining, reverse redlining
, steering, disparate treatment and disparate impact.
So-called reverse redlining
could only occur if there were deliberate redlining in the past.
We practice reverse redlining
,"start at $500 and rise to $5,000, versus the typical commercial minimum of $25,000 to $50,000.
Moseley-Braun will continue co-sponsoring bills addressing: reverse redlining
(when residents of selected neighborhoods can get mortgages, but only at very high rates); community development banking; and violence against women.
San Francisco, under the federal Fair Housing Act, alleging the lender targeted black neighborhoods for high-risk, unfairly priced loans--in effect reverse redlining
, said Ramsey.