Not long ago, bankers would demonstrate their commitment to minority lending by saying "It takes one loan officer to accept a mortgage application and two to turn it down."

Now at some banks, it takes three, four, and sometimes even reviews before a can be denied especially if the application comes from a minority.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.