Redlining
Denying or limiting loans or insurance in certain neighborhoods based on race or ethnicity. It is illegal, and its history still affects home values in many areas.
Related terms
Federal law that bans housing discrimination based on race, color, religion, sex, disability, familial status, or national origin. Many states add more protected classes.
Illegally guiding buyers or renters toward or away from neighborhoods based on a protected trait like race or religion. It violates fair housing law.
The bank, credit union or mortgage company that provides the loan money. The lender sets the rate and terms, underwrites the loan and holds or sells it after closing.
A loan used to buy real estate, with the property pledged as security. If the borrower stops paying, the lender can foreclose. Some states use a deed of trust instead of a mortgage document, but people call both a mortgage.