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Barney Frank
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<blockquote data-quote="moreluck" data-source="post: 910461" data-attributes="member: 1246"><p>This is the way I learned it when I was a realtor....</p><p></p><p><strong>Redlining</strong> is the slang term used to describe an illegal practice of discrimination against a particular racial group by real estate lenders or insurance companies. Redlining occurs when lenders or insurance company decide certain areas of a community are too high risk. Real estate companies who redline simply refuse to give a mortgage to buyers who want to purchase property in those areas, regardless of their qualifications or creditworthiness. Insurance companies who redline refuse to insure consumers who live in certain neighborhoods.</p></blockquote><p></p>
[QUOTE="moreluck, post: 910461, member: 1246"] This is the way I learned it when I was a realtor.... [B]Redlining[/B] is the slang term used to describe an illegal practice of discrimination against a particular racial group by real estate lenders or insurance companies. Redlining occurs when lenders or insurance company decide certain areas of a community are too high risk. Real estate companies who redline simply refuse to give a mortgage to buyers who want to purchase property in those areas, regardless of their qualifications or creditworthiness. Insurance companies who redline refuse to insure consumers who live in certain neighborhoods. [/QUOTE]
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