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A qualified borrower applies to a mortgage company for a loan to purchase a home in a particular neighborhood and is refused based on the reputation of the neighborhood for a high number of foreclosures. This is an example of what illegal practice?

A qualified borrower applies to a mortgage company for a loan to purchase a home in a particular neighborhood and is refused based on the reputation of the neighborhood for a high number of foreclosures. This is an example of what illegal practice?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A qualified borrower applies to a mortgage company for a loan to purchase a home in a particular neighborhood and is refused based on the reputation of the neighborhood for a high number of foreclosures. This is an example of what illegal practice?
Transcribed Image Text:A qualified borrower applies to a mortgage company for a loan to purchase a home in a particular neighborhood and is refused based on the reputation of the neighborhood for a high number of foreclosures. This is an example of what illegal practice?
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