The president of a state mortgage trade group has apologized to Quicken Loans Inc. for statements he was quoted as making for a news story about discrimination.

In the article, which was published by Michigan Radio, data from The Center for Investigative Reporting) and the Associated Press was cited pointing to ongoing mortgage discrimination against blacks and Hispanics.

According to the data, a pattern of greater denial rates for people of color than for their white counterparts was found in the conventional mortgage market.

Source: Mortgage Daily