Tag Archives: People of Color

A CNN analysis of CFPB lending data reveals that Navy Federal Credit Union has been denying people of color home mortgages at rates much higher than seen elsewhere.

In a new article jointly authored by the Federal Home Loan Bank of San Francisco and the Urban Institute, new research examines the effects of Artificial Intelligence (AI) in helping level the playing field for minorities and borrowers of color, with the ultimate goal of advancing racial equity in homeownership.

The Federal Home Loan Bank of San Francisco has released a package of recommendations for updating the housing ecosystem to close the racial homeownership and wealth gaps.

According to a new study from the Joint Center for Housing Studies, many renters living in high-poverty, lower-income, and lower-rent neighborhoods are more likely to experience financial distress, as data revealed some 61% of households behind on their rent live in communities of color.

A Harvard University study revealed people of color are far less likely to own their homes than whites nationwide, as newly established special purpose credit programs aim to address policies and practices that have restricted homeownership by Black, Indigenous, and other minority households.

According to Urban Institute authors Michael Neal and Daniel Pang, the current environment of rising interest rates has important implications for the wealth gap between white and Black ...

Bank of America announced its Community Affordable Loan Solution, as a new Special Purpose Credit Program that introduces zero down payment, zero closing cost mortgage solution for first-time ...

“Women have always taken on the heaviest burden of a socioeconomic system that was designed to profit from their underpaid and undervalued labor,” said Fatima Goss Graves, President and CEO of the National Women’s Law Center.