How biased mortgage lending keeps people of color locked out of dream homes

The new four-bedroom house in Charlotte, North Carolina, was Crystal Marie and Eskias McDaniels' personal American dream, the reason they had moved there from pricey Los Angeles.

A lush, long lawn, 2,700 square feet of living space, gleaming kitchen, and a neighborhood pool and playground for their son, Nazret. All for $375,000. Pre-qualifying for the mortgage was a breeze: They had high credit scores, earned roughly six figures each and had saved more than they would need for the down payment.