The Price of Credit: Prime & Subprime Lending in California 2004

Based on our analysis, it is clear that California’s African American and Latino borrowers are more likely to receive a higher cost subprime loan than a white borrower. The study found that African American and Latino borrowers are three times more likely to receive a higher priced subprime loan when compared to white borrowers. The study does not claim that discrimination necessarily accounts for the higher concentration of subprime loans among minority borrowers. Rather, the report criticizes the lending industries’ over reliance on so-called “objective” measures of credit risk
that can unfairly discriminate against minority borrowers.


Fairness in Philanthropy Part I: Foundation Giving to Minority-led Nonprofits

This study analyzes the giving of the nation’s largest foundations to determine how equitably foundation dollars are allocated across the sector. Greenlining’s findings show that the top fifty independent foundations and the top twenty-five community foundations awarded only 3 percent of total grant dollars to minority-led nonprofits in 2002. These levels are markedly inadequate and illustrate a vast disparity in philanthropic dollars being targeted to organizations that both lead and serve communities of color.

Fairness in Philanthropy Part II: Perspectives from the Field

This study looks at why foundation funding for minority-led nonprofits is so low and how the diversity practices and policies of foundations affect giving priorities. Findings are based on interviews conducted with foundation leaders and nonprofit executives. Respondents identified several barriers to funding for minority-led nonprofits including: the inability to access foundations; the lack of trust between minority-led nonprofits and foundations; and inadequate resources on the part of many minority-led nonprofits to devote to relationship building with foundation staff.

Left Behind: The Reality of African American Homeownership in California

Only 39 percent of African Americans in California live in a home that they own, compared to nearly 50 percent for African Americans in the rest of the nation. This report finds that the seven major lenders studied originated only 48 home loans to very low income African Americans in California.
This report provides a wide range of comparisons among the seven major institutions in terms of number of conventional home loans made to African Americans by income and by overall percentage of loans made. Greenlining created an overall score that incorporated the rankings of number and percentage of loans made to African Americans of all incomes and low income African Americans in California.

Bush’s Cabinet Diversity Should be the Model for the Banking Industry: Diversity at the Board of Directors of the Twenty Largest Banks

This is Greenlining’s third annual report on board of director diversity at major banks and reflects board of director diversity in 2006. Greenlining’s report addresses a key diversity leadership issue at America’s twenty largest banks. Although the board of directors is only one segment of the banking management structure, it is a publicly available indication that most of America’s banks have a long way to go to meet even President Bush’s cabinet diversity. Presently, one-third or five of the President’s fifteen cabinet members are minorities.