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Two Steps Back: The Dual Mortgage Market, Predatory Lending and the Undoing of Community Development

Daniel Immergluck and Marti Wiles

This report analyzes home refinance lending in the Chicago area and documents the extreme segmentation of mortgage markets by race and neighborhood. In the last few years, mortgage lending abuses – often called predatory lending – have become an increasingly critical issue for those working to promote community reinvestment and development.
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