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Reinvestment Alert #9: Home Lending Surges in Modest-Income Neighborhoods

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Mortgage Lending, Research

alert9.pdf  Anna Maria Ortiz and Daniel Immergluck

Finds that lending for home purchases throughout
the Chicago area has increased dramatically in recent years, with loan
volume up by 50 percent from 1990 to 1994. Loans to low- and
moderate-income individuals increased at even higher rates than overall
loans, increasingby 85 percent over the same period.
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