Jump to ContentJump to Main Navigation
Tierra Y LibertadLand, Liberty, and Latino Housing$
Users without a subscription are not able to see the full content.

Steven W. Bender

Print publication date: 2010

Print ISBN-13: 9780814791257

Published to NYU Press Scholarship Online: May 2016

DOI: 10.18574/nyu/9780814791257.001.0001

Show Summary Details
Page of

PRINTED FROM NYU Press SCHOLARSHIP ONLINE (www.nyu.universitypressscholarship.com). (c) Copyright University of NYU Press Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in NYSO for personal use.date: 29 March 2020

(p.45) 5 Lenders and Loss

(p.45) 5 Lenders and Loss

The Destructive Legacy of Subprime Mortgages in Latino/a Communities

Chapter:
(p.45) 5 Lenders and Loss
Source:
Tierra Y Libertad
Author(s):

Steven W. Bender

Publisher:
NYU Press
DOI:10.18574/nyu/9780814791257.003.0006

This chapter concludes the discussion of the history of loss in Latino/a housing with an overview of the recent subprime mortgage crisis—after decades of exclusion, Latino/as flirted briefly with artificial jumps in lending approvals and consequent homeownership that gave way to the tragedy of foreclosure and loans prone more to abuse than to improve the health and wealth of the Latino/a community. Mortgage lenders play a vital role in access to homeownership, but they have not always been Good Samaritans. Rather, historically they contributed to the exclusion of Latino/as and other minorities from the American dream through techniques of housing discrimination, most recently by the reverse redlining of promoting sometimes abusive subprime mortgage loans to borrowers of color.

Keywords:   subprime mortgage loans, foreclosure, Latino/as, housing discrimination, redlining

NYU Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.