WASHINGTON -- Mortgage companies are doing a much worse job than banks in extending home loans to minorities, according to a study released Tuesday.

The study, commissioned by the National Community Reinvestment Coalition, found that 70% of the 126 "worst" lenders in 1993 were mortgage banking companies. Just under 30% were commercial banks and less than 1% were credit unions.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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