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What Is Blockbusting in Reference to the Mortgage Industry?
Blockbusting is an illegal real estate sales practice and occurs when a real estate professional encourages you to sell your property based on alleged minority influence in a neighborhood or area.... More »
Difficulty: Easy
Source: www.ehow.com



Blockbusting was a business process of U.S. real estate agents and building ... 3 Reactions; 4 Popular culture; 5 See also; 6 References; 7 Further reading .... higher-than-market mortgage interest ...

Blockbusting - NYC.gov


tions for responsible leadership in the real estate industry and in th e banking and lending community which engages in mortgage financing . The East New York ...

The Racist Housing Policies That Built Ferguson - The Atlantic


Oct 17, 2014 ... A lot of what's here—redlining, housing covenants, blockbusting, etc. ... The policy included—but was not limited to—mortgage loans backed ... In 1947, the FHA sanitized its manual, removing literal race references but still demanding “ compatibility ... The Orange Razor That's Changing An IndustryHarry's.

TIL about Blockbusting, a method used during the "white flight" era ...


Oct 6, 2015 ... Images alone do not count as valid references. ..... spread to the entire mortgage industry, which was already rife with racism, excluding black ...

blockbusting | Abagond


Jun 24, 2013 ... A guest post by commenter Jefe: Blockbusting (1910s – 1980s) was a common real ... of Racial Steering, and reinforced through Redlining and Subprime Mortgage or other Predatory Lending. Reference: Encyclopedia of Chicago. ... of the giant heavy manufacturing industry that was created during the war.

Discriminatory Housing Practices: How Racial Segregation Is ...


Racial discrimination was institutionalized in the real estate industry during the 1920s and was well ... According to Charles Lamb (2005), Federal Housing Administration mortgage insurance primarily helped middle-class ... “ Blockbusting” refers to the efforts of real estate agents and real estate speculators to .... References.

RACE - The Power of an Illusion . For Teachers | PBS


(Note that asset value is determined by current market value, not original cost) ... for a down payment on a home; Ability to qualify for a home mortgage loan (co- signer?) ... Explain the terms "white flight," "blockbusting" and racial "steering. .... Review college financial aid applications for references to a...

something he wrote about the real estate market - Gradient Lair


Nov 12, 2012 ... ... and seventies, all over the country, men like him [he was referring to a White male, ... named Bob Wood] pioneered an art known as blockbusting. ... Once the licensed agents left, the neighborhood's housing market turned into ... to leave the ghetto they'd sign a $15,000 mortgage for that $10,000 house; ...

Legal Control of Blockbusting - Washington University Open ...


reference to race, most realtors continue to feel bound morally and ... Mortgage Availability in Racially Transitional Areas, Report of Chicago Commis- ... blockbusting episode in Chicago, resale prices exceeded fair market value by 28.5.

Popular Q&A
Q: What Is Blockbusting in Reference to the Mortgage Industry?
A: Federal Fair Housing Act The Federal Fair Housing Act, also known as the Civil Rights Act of 1968, specifically prohibits the practice of blockbusting in real e... Read More »
Source: www.ehow.com
Q: What Is Blockbusting in Reference to the Mortgage Industry?
A: The Federal Fair Housing Act, also known as the Civil Rights Act of 1968, specifically prohibits the practice of blockbusting in real estate transactions. Block... Read More »
Source: www.ehow.com
Helpful Resources

Reparations: How the Mortgage Market Hurts African Americans ...


May 28, 2014 ... African-Americans Are Still Being Victimized by the Mortgage Market ... as “block- busting”) and re-sold them to African-Americans at a markup.

What Is LP in the Mortgage Industry? | eHow


Freddie Mac uses a software program known as LP, or Loan Prospector, to give its lenders and idea if a potential borrower will be able to qualify ... Freddie Mac's LP is not the only mortgage underwriting software in the industry. ... References.

A Requiem for Blockbusting - FLASH: The Fordham Law Archive of ...


Blockbusting and panic peddling are real estate practices in which ... was a problematic industry, its harms were overstated and it conveyed. 8. .... including race-based state and federal mortgage subsidies); id. at 196-98 (describing ...... representative opposes a homeless shelter with reference to blockbusting); Laurie De-.