Today’s Mortgage Reform Could Become Tomorrow’s Redlining


“Those who cannot remember the past are condemned to repeat it,” George Santayana famously said. This premise holds true in the context of national mortgage market reform, especially as it pertains to underserved communities of color. There are three serious reform proposals on the table: one from the Obama Administration, legislation co-sponsored by Senators Corker and Warner, and the PATH Act sponsored by Rep. Jeb Hensarling in the House. All three proposals share a surprising lack of forethought towards people of color, despite the fact that today we play an important role in the housing market that will continue to grow in significance in the coming decades.

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