Mortgage industry of the United States

Isaiah Bennett p.1 5/6/13 CH.13 K.I 3 I Inner-City Physical Issue The major physical problem faced by inner-city neighborhoods is the poor condition Deteriorated housing can either be demolished and replaced with new housing or it can be Process of Deterioration As the number of low-income resident increase in the city the territory they occupy expand Middle-class families move out of a neighborhood to never housing farther from the center and sell or rent their houses to lower-income families Filtering Filtering Process of subdivision of houses and occupancy by successive waves of lower-income people Redlining Redlining Drawing lines a map to identify areas in which they will refuse to lean money Although redlining is illegal enforcement of law against it is frequently difficult