Hispanic Mortgages
-
Mortgages Zero Loans for Homebuyers Preparing to Hit the Expansion Road – InsuranceNewsNet
Nearly a year after the start of a special loan program for underserved homebuyers, the initiative will soon expand from a few banks to traditional non-bank ... -
Historic investments in programs for low- and middle-income homebuyers in Boston
Initiative includes provision of 150 city-owned parcels for limited-income homeownership development Building on her commitment to creating affordable housing in Boston, Mayor Michelle Wu today announced ... -
Ohio city and county plan to reduce medical debt with federal pandemic aid
A city and county in Ohio plan to use federal pandemic relief dollars to erase residents’ medical debt, reducing a problem worth at least $195 billion ... -
Los Angeles livability survey shows how life in the county is changing
Los Angeles County residents are generally less satisfied with their lives than they were before the pandemic, according to the third annual USC Dornsife LABarometer survey ... -
A moving memoir of Jewish Brooklyn, said tchotchke by tchotchke
(New York Jewish Week) – In his bestseller “The Hare with Amber Eyes,” Edmund de Waal traces the rise and fall of his wealthy and influential ... -
Optimism about the success of the next generation is falling
Comment this story Comment My three children in their twenties all live at home. They are all university graduates. One has a master’s degree. They are ... -
Fannie Mae and Freddie Mac will use alternative credit scores: what it means for homebuyers
NASHVILLE — The federal government is expanding how it collects credit scores, which could allow more Americans to potentially buy homes. The Federal Housing Finance Agency ... -
Why Billionaire Businesswoman Patty Arvielo Says It’s Okay to Fail – E! On line
E ! News: What has been your experience as a Latina navigating the mortgage industry? PENNSYLVANIA: My superpower is being Latina. A big part of our ... -
Candidates explain how they would represent sprawling Latino-centric district
With less than a month to go until Election Day, Democratic state Rep. Delia Ramirez highlights to voters the historic nature of her candidacy in a ... -
Bank accused of widespread redlining pays $13 million settlement
Feds say Lakeland Bank has repeatedly denied mortgages to candidates from black and Latino neighborhoods Lakeland Bank will pay a $13 million settlement after the U.S. ... -
4 credit unions welcome talent in new roles
Source: Shutterstock WEST Leslie Ramsdell The $180 million, based in Reno, Nevada Sierra Pacific Federal Credit Union promoted Leslie Ramsdell to the vice president. Ramsdell has ... -
Retirement and the savings gap
It is well known that there is a retirement savings gap between white workers and non-white workers. A recent PSCA webinar explored the nature of this ... -
10 stories you must see
A Roundup of the Week’s Most Newsworthy Financial Industry Press Releases from PR Newswire NEW YORK, September 30, 2022 /PRNewswire/ — With thousands of press releases ... -
Umani Festival Comes to Downtown Moses Lake
MOSES LAKE – Two blocks in downtown Moses Lake were jammed Saturday afternoon for food, music, classic cars and a general celebration of the area’s Hispanic ... -
The Fed says unemployment will rise. Here’s who economists say would lose their jobs first.
The Federal Reserve stepped up its fight against inflation this week, instituting a major rate hike and saying more are likely to follow. These measures will ... -
CFPB report signals end of home refinance boom
The Consumer Financial Protection Bureau (CFPB) released its 2021 Mortgage Market Activity and Trends Report on Monday, which covers residential mortgage activity and trends for the ... -
Bloomberg Philanthropies launches racial wealth gap database
Bloomberg Philanthropies has launched an interactive racial wealth disparity database aimed at increasing black wealth accumulation. Why is it important: Two years into a nationwide toll ... -
Higher interest rates are a disaster for racial housing gaps
According Urban Institute authors Michael Neel and Daniel Pan, the current environment of rising interest rates has important implications for the wealth gap between white and ... -
Celebrate Hispanic Heritage Month 2022 with us!
This fall, we are celebrating Hispanic Heritage Month from September 15 to October 15, recognizing how important we are united by our heritage. The festivities begin ... -
Bank of America targets Miami with ‘zero down payment’ mortgage program
Banks are trying to make home ownership easier for some Miami residents. What is happening: Miami is one of five cities where Bank of America recently ... -
Mortgage lenders expand loan programs for minorities
Some mortgage lenders have expanded their home loan programs to make it easier for low-income people and minority communities to become homeowners. Earlier this year, a ... -
Bank of America to fund low-income black and Latino financial institutions
Two national coalitions of minority-led community development financial institution (CDFI) leaders are set to receive $25 million in funding from Bank of America. The National Alliance ... -
Experts say Bank of America’s homeownership pilot program doesn’t go far enough: NPR
A vehicle drives through a residential area of Los Angeles. Frederic J. Brown/AFP via Getty Images hide caption toggle caption Frederic J. Brown/AFP via Getty Images ... -
Bank of America pilots no down payment mortgages
A photo illustration of Bank of America CEO Brian Moynihan (Getty Images) Bank of America is trying to bridge the disparity between black and white homeowners ... -
Black Americans feel disproportionate pain from high interest rates
The federal government’s efforts to contain inflation have a disproportionate impact on black Americans. The Federal Reserve has raised interest rates in hopes of cooling a ... -
Ohio State, Michigan will play an outdoor hockey game at FirstEnergy Stadium
This February, Rocket Mortgage FieldHouse won’t be the only place to catch a hockey game in Cleveland. The Ohio State and Michigan ice hockey teams will ... -
Lawmakers Propose Change to Homeowner Credit Checks | News, Sports, Jobs
D-Valley Stream Congresswoman Michaelle Solages is pictured during the recent opening of the new Long Island Rail Road extension. A Long Island ... -
Talk of ‘inflation’ can backfire on brands, says Collage Group
Receive instant alerts when news is published about your stocks. Claim your one week free trial for StreetInsider Premium here. Washington, DC, Aug. 17, 2022 (GLOBE ... -
Phoenix bond committees to select funding priorities
Do you want a bigger Phoenix Children’s Museum? Should the city upgrade its facilities to be more environmentally friendly? Repair the roads? How the renovation of ... -
The snowballing rental crisis in the United States spares nowhere and no one
A Las Vegas bartender struggling with a recent cancer diagnosis fears deportation. A young Tucson professional skips car payments to pay her higher rent. A researcher ... -
Blacks, Latinos and Native Americans feel inflation worse than their white peers: poll
Faced with the country’s worst inflation in four decades, black, Latino and Native American families are already having more problems with food, shelter and health care ... -
Jacqueline C. Romero, Philly’s new American attorney is unlike any other in the region
Jacqueline C. Romero is unlike any American lawyer the Philadelphia area has seen before. The first woman of color to serve as senior federal prosecutor for ... -
Attitude Ventures closes $100 million fund to support Latino founders of early-stage startups – TechCrunch
JPMorgan is the lead investor in the fund, which counts former United Airlines CEO Munoz among its partners. Early Stage Latino Founders US-based companies have just ... -
As contracts are canceled, the boiling Dallas-Fort Worth housing market could cool down
As more and more people have moved to Dallas-Fort Worth in recent years, particularly during the pandemic, the booming housing market has shown few signs of ... -
Berkshire Hathaway unit settles US mortgage redlining fees
July 27 (Reuters) – A Pennsylvania mortgage company owned by Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) has reached a $24.4 million settlement to resolve U.S. government ... -
VA Loan Program Empowering Veteran Women of Color, Even in a Tough Housing Market
SAN ANTONIO – Marisol Deck met the love of her life in the Air Force. She served for nearly four years and Master Sgt. Christopher Robert ... -
Winners and Losers of the Week in Florida Politics – Week of 7/17/22
Voting is an integral part of politics; as experts, we can sometimes focus on them. But we do so at our own risk. I don’t blame ... -
In line with the real estate commission, the judge rejects the request for arbitration
Looking back to 2022, the biggest real estate story may be a market downturn. But it could be a story that transcends economic cycles: a lawsuit ... -
AARP: Nearly Half of American Workers Don’t Have Access to Workplace Retirement Plans
A study by the US seniors advocacy organization AARP found that nearly 57 million people – 48% of US private sector employees aged 18 to 64 ... -
Will a racial equity mandate end the independence of the Fed?
The Fed has generally not focused on promoting racial equity. Should this approach change? Yes, according to the House majority that recently passed HR 2543, the ... -
US inflation hit a new 40-year high in June at 9.1% – WABE
Soaring gas, food and rent prices catapulted US inflation to a new four-decade high in June, putting additional pressure on households and likely sealing the case ... -
Proposed Change to Board Structure Threatens Fair Access to Housing
Changing the commission payment method would be harmful Black, Hispanic/Latino, first-time, and low/middle-income buyers dominate MINNEAPOLIS, July 11, 2022 /PRNewswire/ — A new study has found ... -
Cryptocurrency: Why some see it as a way to uplift people of color financially
However, the recent crash of a popular stablecoin and Bitcoin’s dramatic fall from nearly $69,000 to under $22,000 in just two years (at press time), highlights ... -
Will moderating wage growth ease inflation fears? – Analysis – Eurasia Review
The biggest question analysts will have with the June jobs report is whether wage growth continues to moderate. Wage growth has already slowed sharply, falling from ... -
Amissville man in critical condition after motorbike accident – Royal Examiner
On July 2, at 11:30 a.m., Colonel James Wood II’s Chapter of the Sons of the American Revolution read the Declaration of Independence on the porch ... -
Why banks don’t use this important factor as proof you can afford a home
Image source: Getty Images Rent payments and mortgage payments are different. Key points Mortgage payments and rent payments are made up of different costs. The deposit ... -
Some medical debts are removed from US credit reports
Help is coming for many people with medical debt on their credit reports. Starting Friday, the three major U.S. credit reporting companies will stop counting paid ... -
When did credit scores start? A brief overview of the long history
Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners ... -
Rent payment history helps more black and Latino buyers qualify for a mortgage – Harlem World Magazine
harlem brownstone Tenants from Harlem to Hollywood want to become homeowners but are worried about their credit history. It is important for them to know that ... -
Falling behind on your mortgage payment? The state can help – GV Wire
Fresno County officials are drawing attention to $1 billion in mortgage relief for California homeowners behind on their payments due to pandemic-inflicted hardship. While rental relief ... -
COMMENT: Juneteenth Holiday touches the collective memory of African Americans: it deserves the honor
By Antonio Ray Harvey, CA Black Media Black women running for political office at all levels in the state of California showed strong in the June ... -
NAMMBA Announces Partnership with Newfi Lending
Newfi Loan Partnership Newfi Lending reinforces its commitment to diversity and inclusion through the ASIL program Newfi is honored to take this step forward with NAMMBA ... -
Jennings council plans to rename street after MLK – Reuters
(Metro Creative Services) JENNINGS – Some local residents expressed their opinions this week on a plan to rename Peters Street leading to Marcus Cain Park after ... -
Expanded HMDA data shows racial disparities persist in mortgage lending
Source: Shutterstock. An FDIC economist found that racial disparities in mortgage lending persist even after weighting costs and denial rates by the widest range of data ... -
Rates don’t ease transformation pressures, says CaixaBank’s Gortázar
CaixaBank chief executive Gonzalo Gortázar is confident that rising eurozone interest rates will outweigh what he admits are growing risks to asset quality associated with stagflation ... -
Twin Cities’ First Diversity Homeownership Fair Aims to Close Wealth Gap
For the first time, four groups of Twin Cities real estate agents are coming together to host an event aimed at demystifying the home buying process ... -
Student borrowers may not be ready to start paying suspended debt – InsuranceNewsNet
In another sign of post-pandemic normalcy, the pause in student loan repayments is set to expire in August, which is likely to cause credit damage to ... -
Equity Research Analyst Updates for May 27 (AE, AXDX, CLLS, CMRX, CSGS, DANOY, DHX, DSX, DWVYF, EBR)
Updates from equity research analysts for Friday, May 27: Adams Resources & Energy (NYSE:AE) was upgraded by StockNews.com analysts from a buy rating to a strong ... -
Affordability declines as mortgage application payments rise 8.8% in April
Edward Seiler Homebuyer affordability declined in April, with the national median payment requested by homebuyers rising 8.8% to $1,889 from $1,736 in March. That’s according to ... -
Financial inclusion requires understanding cultural shifts
Financial inclusion should include different ethnic, gender and sexual identity communities. Pride … [+]fly flags at the Get Real Cafe in Sturgeon Bay, WI Photo by ... -
Home Mortgage Alliance Corporation: Bringing Equality to Homeownership
Owning a home is a luxury that many people may never have the opportunity to enjoy. Owners get the chance to enjoy privacy and security and ... -
Kathy Gugulis, candidate for Maryland House District 14 – Baltimore Sun
Maryland HouseDistrict 14 Kathy Gugulis Republican 70 Gaithersburg, Montgomery County Retired Federal Executive Bachelor of Science in Journalism from the University of Maryland, College Park First ... -
Biden dives into risky student loan policy
Placeholder while loading article actions News had just emerged that President Biden was set to write off at least some student loan debt, and Donald Trump ... -
Here’s how central Florida governments plan to spend $868 million on COVID-19 relief – Orlando Sentinel
When the COVID-19 pandemic triggered a widespread shutdown of local businesses and charities two years ago, Liza Riedel feared she would have to permanently close NextStep ... -
Special Feature: “Eyewitness News Guide to Inflation”
Inflation is something that affects us all in virtually every aspect of our lives, and we’ve seen the price of everything rise, from groceries to the ... -
New U.S. Funding Wins Six Stevie® American Business Awards®
Gold: Rick Arvielo, CEO – Lifetime Achievement Award – Consumer Service Industries Patty Arvielo, President – Woman of the Year – Consumer ServicesNew US Funding – ... -
MBA forecast calls for higher house prices and mortgage rates
According to the new MBA Purchase Request Payment Index (PAPI), homebuyer affordability declined in March, with the national median payment requested by applicants rising 5% to ... -
Fed interest rate hike will hurt black consumers
The Federal Reserve on Wednesday voted the biggest interest rate hike in more than two decades. The move means rates on everything from personal loans to ... -
NAR finds Black home ownership remains lower than a decade ago
Meghan Webber | Greater Lansing® Realtors Association According to the National Association of REALTORS®, the homeownership rate in the United States rose to 65.5% in 2020, ... -
Homeownership and the American Dream during Covid
A line of black residents awaiting relief distribution during the 1937 Ohio River flood. (Margaret Bourke-White/Wikimedia) EDITOR’S NOTE:In the fall of 2021, a group of students ... -
Bubble housing fears are mounting, but any correction won’t be like the last
In the first year of the pandemic, home values defied expectations by soaring. In the second year of living with COVID, real estate prices have skyrocketed ... -
Income, debt, examples of ordinary Americans
The typical middle-class American earns between about $30,000 and $90,000 According to Pew, a single American earning between $30,000 and about $90,000 a year is an ... -
Racial wealth gap and reverse mortgages
Reverse mortgages are financial tools that allow homeowners to access capital by using the equity in their home as collateral. They are a way for people ... -
Nearly half of all delinquent mortgages on loss management plans
According to new data released by the Federal Reserve Bank of Philadelphia, about 2.15 million mortgages are expected to be forborne or past due, with about ... -
Can Cryptocurrency Really Help Anyone?
New York Mayor Eric Adams may be the most recognizable champion of cryptocurrency in New York politics, but he’s not the first elected official from the ... -
Minority depository institutions: definition, services, locations
The FDIC and NCUA track and define banks and credit unions as Minority Depository Institutions (MDIs). An MDI is owned or run by Black Americans, Native ... -
George Floyd’s attorney: Wells Fargo ‘kills opportunities for black homeowners’
Wells Fargo & Co. is again facing scrutiny and lawsuits over lending practices involving black borrowers. Wells Fargo – the largest mortgage lender among US banks ... -
People are more willing to excuse lies that they think might one day become true
We all know lying is wrong. That’s why we get in trouble for it as kids (and sometimes as adults), and why you’ll rarely, if ever, ... -
Combatting AI Biases in the Financial Sector
The use of explainable AI models is key to avoiding biases for businesses in most sectors of the economy, but especially in finance. In the ... -
Fintech offers solutions for Latinos without bank accounts
Fintech companies are offering ways for Latinos who can’t get debit cards to transact cashlessly. Why is this important: Latinos are among the least banked (no ... -
The big change in medical debt coming this year – NBC Boston
Medical debt continues to be a major problem in the country, especially with so many people hospitalized during the coronavirus pandemic. Rob Michaelson and Betsy Badell ... -
New Pew poll shows 30% increase in Philadelphia residents concerned about crime
A sobering new poll from The Pew Charitable Trusts shows that ongoing issues around COVID-19 and gun violence are among Philadelphians’ top concerns. Most notably, the ... -
Fannie Mae Sets Price for $1.1 Billion REMIC Deal with Connecticut Avenue Securities (CAS)
WASHINGTON, April 5, 2022 /PRNewswire/ — Fannie Mae (OTCQB: FNMA) Evaluates Connecticut Avenue Securities® (CAS) Series 2022-R04, approx. $1.1 billion note offering that represents Fannie Mae’s ... -
Black women and alopecia: what is it, what can be done about it?
By ReShonda Tate | Defender Network | word in black This post was originally posted on Defender Network (WIB) – For years, Kim Roxie has been ... -
What do looser school mask and vaccine requirements mean for black teachers and students?
By Maya Pottiger | word in black According to scientists, the best way to protect yourself against the new coronavirus is to get fully vaccinated – ... -
A 40-year mortgage? This Fed official thinks it’s a good idea
Should the federal government start guaranteeing mortgages even longer than 30 years? Philadelphia Federal Reserve Chairman Patrick Harker thinks this could be a solution to an ... -
Wells Fargo narrows its racial gap in mortgage refinancing
Diving brief: Wells Fargo accepted 58% of mortgage refinance applications from black homeowners in 2021, a jump of 11 percentage points from the previous year, according ... -
Wells Fargo faces persistent racial gap in mortgage refinance – Orange County Register
Wells Fargo & Co., which approved less than half of mortgage refinances sought by black homeowners in 2020, prompting calls for regulatory investigations, greenlighted a greater ... -
An ambitious plan to rehabilitate abandoned buildings in Queens
New Habitat for Humanity Initiative Innovates to Make Homes Permanently Affordable with a Land Trust Model On a block of 116th Avenue in southeast Queens lined ... -
Most medical debt will soon disappear from credit reports
The nation’s leading credit reporting companies will soon remove about 70% of medical collection debt from Americans’ credit reports. Why is this important: Medical debt is ... -
Problems with Biden’s crypto executive order take us back to 2008
Last week, the White House issued an executive order in which President BidenJoe Biden Irish Prime Minister tests positive for COVID-19 during visit to DC CNN ... -
Evers changes course on aid program after complaint
March 15, 2022Updated: March 15, 2022 09:42 MADISON, Wis. (AP) – Governor Tony Evers reversed a decision to direct federal funds to people of color under ... -
“We are facing a housing crisis,” say the experts. What homebuyers can do about it. – Forbes Advisor
Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Rising house prices, ... -
‘Redlining never really went away’: Black Rhode Islanders still face racism when buying a home
Within three months, Garlington found the perfect place: a three-bedroom, two-bathroom home in the Wanskuck neighborhood of Providence. But the process of closing the house, which ... -
Minority Report – theMReport.com
This piece originally appeared in the March 2022 edition of MReport magazine, online now. The wave of refinancing that has driven mortgage market volumes over the ... -
More free at-home Covid tests available next week
SStarting next week, US households will be able to order another round of free rapid Covid-19 tests from COVIDTests.gov. The opening of additional free tests to ... -
Philly Fed Report: Black Homeowners Face More Refinance Denials | Local News
Home loan refinance activity increased by more than 200% in Pennsylvania, New Jersey and Delaware in 2020 during the pandemic, the growth rate for black and ... -
JPMorgan Chase pledges $12 million to minority households
JPMorgan Chase announced that five organizations will receive philanthropic capital as part of the company’s five-year, $400 million commitment to improve housing affordability and stability for ... -
The personal finance industry needs a dose of sobering history
(Bloomberg review) — There is a belief in the United States that has seeped into the personal finance industry – that if you work hard enough, ... -
Building the goal of increasing minority home ownership
As we celebrate Black History Month, it’s important to remember why mortgage and housing finance systems need to focus on black homeownership. Owning a home helps ... -
Those early pandemic cheap rents are long gone: In 26 cities, buying a home is now more affordable than renting.
As far as rental rates go, it’s definitely not 2020 anymore. The cost of renting a home is rising at the fastest rate in years as ... -
Generational Wealth and How to Start Building It Today
In this episode of Get Rich, go on a financial journey with Carmen Perez as she shares professional tips and tricks for owning your bank account, ... -
Westside’s historic community centers serve as a refuge
Friday mornings are busy at the Doolittle Community Center. A steady stream of people walk through the door from 8 a.m., when women in sportswear come ... -
Alabama is the No. 7 state with the smallest black homeownership gap
(STACKER) – For many, along with financial independence, becoming a homeowner is considered the quintessential American dream. Home ownership is one of the fundamental tools for ... -
California is the No. 8 state with the smallest black homeownership gap
For many, along with financial independence, becoming a homeowner is considered the quintessential American dream. Home ownership is one of the fundamental tools for creating wealth ... -
Montana is the No. 4 state with the largest black homeownership gap
For many, along with financial independence, becoming a homeowner is considered the quintessential American dream. Home ownership is one of the fundamental tools for creating wealth ... -
Biases often steer minority professionals towards community development
On the lending side, minority professionals have gained positions of influence by mastering elements of the Community Reinvestment Act of 1977, the world of tax credits, ... -
Rent shortages and mortgage denials block home ownership
Regardless of location, profession or income, every family needs and deserves a home. But for many — especially Black Americans and other people of color — ... -
Black America deserves its fair share of the American Dream
Regardless of location, profession or income, every family needs and deserves a home. But for many — especially Black Americans and other people of color — ...
/GettyImages-1282134935-fcd9ae3fef7e4af99cbd979233215465.jpg)
/couple-getting-mortgage-56a6345c5f9b58b7d0e0662c.jpg)
/cloudfront-us-east-1.images.arcpublishing.com/pmn/LLJLDW5J7FH7NOPWQQ7XROODVA.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZJSIVXVHSFKZ5PCWMAGKPM7DLY.jpg)
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/tronc/GWRMJ5KTJBTRDVELNUHNMVAFXA.jpg)
/african-american-couple-talking-to-businesswoman-482136773-186e2a2a35384facaa648d928e6f67ee.jpg)
