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Banking / Minority Credit #700207

ABC Evening News for Wednesday, May 01, 2002
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(Studio: Peter Jennings) Report introduced.

(Washington: Michele Norris) Study findings on racial disparities in interest rates examined; statistics cited; details given of higher interest rates for black mortgage holders. [In Washington, DC, retiree Cecil WILLIAMS - talks about her mortgage deal.] [Center for Community Change general counsel Allen FISHBEIN - comments on predatory lending.] [Fannie Mae CEO and chairman Franklin RAINES - says mainline lenders are not paying attention to black and Hispanic buyers.] [Senator Paul SARBANES - speaks against unscrupulous practices.]

Reporter(s):
Jennings, Peter;
Norris, Michele
Duration:
00:02:10

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