Lenders launch minority mortgage loan effort

November 18, 1998
The mortgage banking industry Tuesday launched an aggressive campaign to expand homeownership among the nation's underserved minorities, a group expected to make up half of the U.S. population by 2010.
     ``The facts are clear, reaching these underserved communities and populations is not only good public policy, it's good business,'' said Donald Lange, president of the Mortgage Bankers Association of America.
     His group Tuesday announced the launch of the Research Institute for Housing America, a nonprofit organization devoted to
expanding housing and mortgage markets to all Americans.