GBH Openvault

Basic Black; Discriminatory Lending

10/30/2007

CC Master Discriminatory Lending (WT) Show #3904 Tape Date: 10/30/07 Broadcast Date: 11/8/07 Producer Valerie Linson Length: 26:46

License Clip

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Series

Basic Black

Program

Discriminatory Lending

Program Number

3904

Series Description

THe series was formerly known as Say Brother. Series title change as of 1/8/1998. This series is black produced and is one of public television's longest-running series that is rooted in and reflects the culture, concerns, achievements and history of people of African descent. Also includes controversial issues, African American artists, and events of special interest to the African American community.

Series release date: 1/8/1998

Program Description

In this episode of Basic Black, Acia Adams-Heath, board president of the Massachusetts Affordable Housing Alliance in Dorchester., Kimberly Blanton, a business reporter for the Boston Globe, and James Campen, executive director of Americans for Fairness in Lending, a Boston-based nonprofit, join host Kim McLarin in a conversation about racial discrimination in mortgage lending. What should you know before buying your first home?

The US Joint Economic Committee is calling it a "crisis": millions of families across the country who are losing their homes because they are unable to pay back their subprime loans. Often given to people with an unfavorable credit history or low to moderate income, subprime loans are given at interest rates higher than "prime" due to increased risk. However, studies show that African Americans and their communities are disproportionately affected by the crisis — sometimes even despite income.

Asset Type

Broadcast program

Media Type

Video

Genres

Magazine

Topics

Social Issues

Race and Ethnicity

Citation

Chicago: “Basic Black; Discriminatory Lending,” 10/30/2007, GBH Archives, accessed July 27, 2024, http://openvault.wgbh.org/catalog/V_E2ED3F0E495844ADA59BA18965C607EF.

MLA: “Basic Black; Discriminatory Lending.” 10/30/2007. GBH Archives. Web. July 27, 2024. <http://openvault.wgbh.org/catalog/V_E2ED3F0E495844ADA59BA18965C607EF>.

APA: Basic Black; Discriminatory Lending. Boston, MA: GBH Archives. Retrieved from http://openvault.wgbh.org/catalog/V_E2ED3F0E495844ADA59BA18965C607EF