WebOct 22, 2024 · The Justice Department announced the launch of the department’s new Combatting Redlining Initiative today. Redlining is an illegal practice in which lenders avoid providing services to individuals living in communities of color because of the race or national origin of the people who live in those communities. The new Initiative represents …
Redline Definition & Meaning Dictionary.com
Webredline ( third-person singular simple present redlines, present participle redlining, simple past and past participle redlined ) To mark a drawing or document for correction or modification. To operate a device at one or more redlines . ( automotive) To run an internal combustion engine to its maximum or maximum recommended speed. WebRedlining. A discriminatory practice whereby lending institutions refuse to make mortgage loans, regardless of an applicant's credit history, on properties in particular areas in which conditions are allegedly deteriorating. The term redlining stems from some lenders' practice of using a red pencil to outline such areas. is schnebly hill road open
What Is Redlining in Real Estate? 3 Warnings for Buyers
Web2 days ago · redline in American English (ˈrɛdˌlaɪn ) noun 1. the maximum safe speed, power, etc. of an engine, usually indicated by a red line or mark on a gauge, as a … WebRed-Lining. A practice in which a company refuses to market its products in a certain area because it is disproportionately poor, has a high rate of default, and/or has a large minority population. Examples of products where a company may practice red-lining are health insurance and mortgages. Red-lining is illegal because these products should ... WebApr 6, 2024 · Definition of Redlining. Redlining is the practice of mapping out specific areas in a city or town and denying access to financial resources such as mortgages, insurance, and loans based on the racial or ethnic makeup of those areas. The areas deemed undesirable were colored red by the federal government, hence the term … idleawhile.com