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President Biden Takes on Home Appraisals That Hurt Black Homeowners realtor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realtor.com Daily Mail and Mail on Sunday newspapers.
How Can We Catch Up? Mortgage Denials Stack the Deck Against Black and Hispanic Buyers How Can We Catch Up? Mortgage Denials Stack the Deck Against Black and Hispanic Buyers The American dream of homeownership is not an equal opportunity ambition. Blacks and Hispanics are more likely to be denied mortgages or get pricier loans. Clare Trapasso, provided by FacebookTwitterEmail The American dream of homeownership is not an equal opportunity ambition. Black and Hispanic home buyers are more frequently denied mortgages than white buyers even when their financial pictures are similar, according to a realtor.com® analysis of 2019 mortgage data. When they are able to secure mortgages, Black and Hispanic borrowers are more likely to pay higher fees and interest rates on their loans than white and Asian borrowers. ....
People of Color More Likely To Be Denied Mortgages, Pay More for Loans realtor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realtor.com Daily Mail and Mail on Sunday newspapers.
Let’s make an assumption. You and your spouse have great jobs. You have a couple of great kids who do well in school. You have engaging personalities and friends from all walks of life. You are respectful, caring and kind. You sound like the perfect neighbor. So why aren’t you? Is it because you’re Black? I started this article to shock you a little bit. A lot has changed since last January when we celebrated Martin Luther King Jr. Day. As the president of the National Association of Real Estate Brokers (NAREB), I have seen the real estate industry jolted by recent events that have caused a refocusing on the Black community. ....