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This figure, based on a national sample, illustrates institutional discrimination. Rejecting the loan applications of minorities and gouging them with higher interest rates are a nationwide practice, not the acts of a rogue banker here or there. Because the discrimination is part of the banking system, it is also called systemic discrimination. 45% 43 Whites 40% Latinos 35% African Americans 36 30% 30 30 26 25% 20% 15 15% 25

This figure, based on a national sample, illustrates institutional discrimination. Rejecting the loan applications of minorities and gouging them with higher interest rates are a nationwide practice, not the acts of a rogue banker here or there. Because the discrimination is part of the banking system, it is also called systemic discrimination. 45% 43 Whites 40% Latinos 35% African Americans 36 30% 30 30 26 25% 20% 15 15% 25

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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FIGURE 12.2 Buying a House: Institutional Discrimination and Predatory Lending This figure, based on a national sample, illustrates institutional discrimination. Rejecting the loan applications of minorities and gouging them with higher interest rates are a nationwide practice, not the acts of a rogue banker here or there. Because the discrimination is part of the banking system, it is also called systenic discrimination. 45% 43 Whites 40% Latinos 36 35% African Americans 30% 30 30 25 26 25% 20% 15 15% 14 11 10% 5% These Applicants Were Denied a Mortgage Applicants whose income was below the median income Applicants whose income was above the median income These Applicants Were Charged Higher Interest (given subprime loans) Applicants who have 100% to 120% of median income I Source: By the author. Based on Kochbar and Gonzalez-Barrera 2009. 2) Discrimination in Mortgages," how do the percentage of mortgage loan denials change as the applicants' median incomes increase? How do the denials remain the same? Based on Figure 12.2, "Buying a House: Institutional
Transcribed Image Text:FIGURE 12.2 Buying a House: Institutional Discrimination and Predatory Lending This figure, based on a national sample, illustrates institutional discrimination. Rejecting the loan applications of minorities and gouging them with higher interest rates are a nationwide practice, not the acts of a rogue banker here or there. Because the discrimination is part of the banking system, it is also called systenic discrimination. 45% 43 Whites 40% Latinos 36 35% African Americans 30% 30 30 25 26 25% 20% 15 15% 14 11 10% 5% These Applicants Were Denied a Mortgage Applicants whose income was below the median income Applicants whose income was above the median income These Applicants Were Charged Higher Interest (given subprime loans) Applicants who have 100% to 120% of median income I Source: By the author. Based on Kochbar and Gonzalez-Barrera 2009. 2) Discrimination in Mortgages," how do the percentage of mortgage loan denials change as the applicants' median incomes increase? How do the denials remain the same? Based on Figure 12.2, "Buying a House: Institutional
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