What Is Redlining And Racial Steering? In recent years, the term “redlining” has become shorthand for many types of historic race-based exclusionary tactics in real estate — from racial steering by real estate agents (directing Black home buyers and renters to certain neighborhoods or buildings and away from others) to racial covenants in many suburbs
What Was The Purpose Of Redlining? The term refers to the presumed practice of mortgage lenders of drawing red lines around portions of a map to indicate areas or neighborhoods in which they do not want to make loans. Redlining on a racial basis has been held by the courts to be an illegal practice.
When Lending Institutions Deny Loans Because Of The Location It Is Called? Redlining. refusal to lend in certain areas, usually inner-city; the illegal practice of a lending institution’s denying loans or restricting their number for certain areas of a community. What is the term for a lender refusing to lend in a specific area? redlining.