Chapter 5: Comparative Study on Mortgage Lending Practices to Minority Borrowers in the Atlanta, Georgia Area
From the Book: The Refractive Thinker®: Vol. II: Research Methodology: 3rd edition


Owning a home is the American Dream of many. In recent times, many laws have been enacted to help protect this basic fundamental dream. The Georgia Fair Lending Act (GAFLA) was passed in October 2002 to protect the elderly, persons with a low credit rating, and those that may not be able to manage their monies effectively. The main intention of the law was to protect borrowers from high prepayment penalties, and other unknown fees. The James (2013) study was conducted to take an in-depth view of the mortgage lending practices to minority borrowers in the Atlanta, Georgia Area from the perspective of local real estate agents. 30 agents were interviewed. They were African American, Asian American, Hispanic American and White American. Their responses to the 15 questions presented will astound you.
Chapter Authors: