Mortgage Lending Disparities

Monday, October 15, 2007, 11:00 a.m., Roxbury Community College, Reggie Lewis Track and Athletic Center, 1350 Tremont Street, Boston, MA
Full Committee

Newton, MA – Rep. Barney Frank (D-MA), Chairman of the House Committee on Financial Services, today announced that the committee will hold a field hearing to discuss patterns of mortgage lending in the Greater Boston Area.  The hearing will focus on mortgage lending disparities in the Boston area, including data that reveals that Black and Latino borrowers were much more likely than whites or Asians in this area to receive higher-priced loans.

“The data showing serious housing discrimination in the granting of mortgages in Boston is very troubling and must be addressed. This hearing will do that,” said Chairman Frank.

Witness List & Prepared Testimony:

Panel One

Panel Two

• Mr. Chuck Turner, Councilor, City of Boston
• Mr. Sam Yoon, At-Large City Councilor, City of Boston

Panel Three

• Mr. Jim Campen, Executive Director, Americans for Fairness in Lending
• Ms. Ginny Hamilton, Executive Director, Fair Housing Center of Greater Boston
• Ms. Acia Adams-Heath, President, Massachusetts Affordable Housing Alliance
• Mr. Leonard Alkins, President Emeritus, NAACP Boston Branch
• Mr. Thomas B. Kennedy, Senior Vice President, Sovereign Bank
• Ms. Lynn Browne, Executive Vice President and Senior Economist, Federal Reserve Bank of Boston
  

Available Member Statements:

Printed Hearing: 110-69

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