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Follows Governor s 2021 State of the State Proposal to Expand Home Ownership in Historically Redlined Communities to Bridge Racial Wealth Gap
Report by Department of Financial Services Finds Significant Lack of Lending in Majority-Minority Neighborhoods and to Homebuyers of Color, Decades After Redlining Was Banned by Law
Report Recommends Legislative Action to Require Nonbank Mortgage Lenders to Comply with New York State CRA and Calls on Federal Government to Take Further Action With Respect to Federally Chartered Institutions
Department of Financial Services Entered Settlement with Hunt Mortgage Aimed at Improving Poor Performance in Lending to Communities and Borrowers of Color; Several Other DFS Investigations Are Ongoing
Data needed on racial makeup of banks workforces americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
100 Years After Tulsa Massacre, Black Property Investment Has Never Recovered
A century ago, the Greenwood District in Tulsa, Oklahoma, was a mecca for Black entrepreneurs and business people looking to expand their investments, including into residential and commercial real estate. The 40-acre district became known as Black Wall Street, and at this moment 100 years ago, it was close to its peak. Lower Manhattan
But on May 31, 1921, a horde of White Oklahomans, angered by the success of the prosperous Black community, tore through the neighborhood, killing at least 75 people and destroying $1.5M in property, equivalent to over $20M in today’s dollars. Despite the loss, the Black community built the neighborhood back up again into the 1940s, when hundreds of Black-owned businesses thrived again.
Blake Monson joins First Bank of the Lake as Vice President
Press Release
Mike Anderson, Chairman, President & CEO at First Bank of the Lake announced today that Blake A. Monson has joined First Bank of the Lake as Vice President, Chief Compliance Officer & Risk Manager. In this role, Monson is responsible for managing the details of the compliance program, including evaluating compliance related policies and procedures to ensure they are in line with all regulations. He is also responsible for identifying, analyzing, and mitigating internal and external risks.
Monson joined First Bank of the Lake in December 2020 and has over 8 years of banking experience. During his career, he served in several positions including Compliance Officer, Home Mortgage Disclosure Act (HMDA) Officer and Risk Management Analyst. Monson graduated from the University of Missouri with a B.S. in Business Administration with an emphasis in Finance and Banking as well as a certification in Risk Management in
Ops, MLO, IT Jobs; MSR, Originator Ranking, Digital Tools; FHA s Bevy of News; Ginnie s eNote Pool Jan 28 2021, 8:19AM
The stock price of American Airlines back to February 2020 levels. Investors seem to be “buying hope.” In Mortgage Land, though I am beginning to hear tales of pricing margins dropping slightly, if you’re a lender and it takes your back office two months to close a refinance, why make your pricing more aggressive? How does that help customer service? Prices and money are interesting constructs. I remember the thrill of finding a dime or quarter in a coin return when I was a kid. Hugh Hefner became a multimillionaire staying home in his pajamas. I am not seeing the same result. The older I get the more I appreciate alcohol that is on sale. But returning to taking two months to close a loan, I didn’t pull that out of… thin air. ICE Mortgage Technology s (formerly Ellie Mae s) records for the Origination Insight Report showed (for