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Residential Mortgage Lending: Charting A Course Through The Regulatory Maze, William F. Earthman
Residential Mortgage Lending: Charting A Course Through The Regulatory Maze, William F. Earthman
Vanderbilt Law Review
One specific issue addressed by this symposium is the practice of "redlining." If what is meant by "redlining" is discrimination in residential mortgage lending, I am certainly opposed to such a practice. If, however, what is meant by "redlining" is the consideration and analysis of the effect of the surrounding neighborhood on the property which secures a particular residential mortgage loan, then there are other problems which must be addressed and focused upon. It has been stated that a lender redlines a specific geographic area located within the larger geographic area normally serviced by that lender when the lender refuses …
Eliminating Redlining By Judicial Action: Are Erasers Available?, Paul A. Renne
Eliminating Redlining By Judicial Action: Are Erasers Available?, Paul A. Renne
Vanderbilt Law Review
This paper will consider one practice--mortgage disinvestment, commonly referred to as "redlining"--which has worked incontravention to the declared policy of Congress by contributing to the destruction of the urban housing inventory and has been partly responsible for the failure to meet our housing goals. This paper will discuss the concept and effects of redlining, the relevant statutes and administrative regulations, and the use of class action litigation as a means of eliminating the practice. Before turning to this discussion, however, it is important to emphasize that eliminating the practice of redlining will prove no panacea to our urban problems. It …