New York City Comptroller William C. Thompson, Jr. joined the NAACP Brooklyn Branch, elected officials, clergies, advocates, and homeowners recently as they gathered on the steps of City Hall to highlight the issue of discriminatory lending practices by the mortgage industry and to support the lawsuit filed by the NAACP against 14 of the country’s largest lenders.
According to the NAACP’s lawsuit, African American homeowners who received sub-prime mortgage loans from lenders were more than 30 percent more likely to be issued a higher rate loan than Caucasian borrowers with the same qualifications.
Pictured (l-r), Hazel Dukes, NAACP president, New York State Conference Branches, addressed the crowd; along with Karen Boykin-Towns, president of NAACP Brooklyn Branch; Jackie Berrien, general council, NAACP Legal Defense Fund; and Dianna Szochet, president of the Brooklyn Bar Association looks on.
©2008 Community News Group
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