Tag: black hispanic
-
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 ... -
“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, ... -
Loss of public jobs will widen CT’s race-gender pay gaps
Unions are stepping up efforts to reverse the shrinking state government workforce, arguing that the trend will exacerbate racial and gender disparities — especially with respect ... -
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 ... -
How Some Big Companies in Connecticut Are Trying to Diversify Their Workforce
During Black History Month, Connecticut businesses touted their support for the African-American community. But as many companies recognize, delivering on these statements requires year-round work. Since ... -
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 ... -
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 ... -
If we love our pets so much, why do we treat their vets so badly?
Veterinarians, among their many gifts, have a way of making the remarkable seem ordinary. Take, for example, the vet who removed the prolapsed eyelid gland and ... -
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, ... -
Serial Entrepreneur Launches Black American Homeownership Movement for Wealth Creation
Gary O. Shelton shares his insights on being black in the United States and creating wealth despite racial barriers. DETROIT – During Black History Month, Gary ... -
WDET 101.9FM WDET is Detroit’s public radio station
Eli Newman More than 600 people participated in an online public forum to discuss remedies for Detroit residents affected by their property tax overstatements. Last weekend, ... -
Diversity among financial planners improved in 2021 – but it still lags behind
The Good Brigade | Digital Vision | Getty Images Diversity among financial planners has improved in 2021, though the industry remains one that leans heavily toward ... -
10 Minority Scholarships That Can Help Pay For College – 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. The percentage of ... -
Average Credit Scores by Race
A study of average credit scores for different racial groups shows substantial disparities, with Hispanics scoring at the national average and the average black score falling ... -
Mayors say they don’t have tools to deal with homelessness
Plus, private mortgage lending still doesn’t serve black and Latino lenders, and more. Report finds mayors without dedicated staff rely on police to manage homelessness A ... -
Investing in female entrepreneurship is good business
Since the start of the pandemic, women business owners have been driving record levels of small business creation. Every year, women-owned businesses generate more than $1 ... -
Fannie Mae Uses Blend Rent Payment Data for Access to Credit Expansion | The powerful 790 KFGO
By Hannah Lang (Reuters) – U.S. housing finance giant Fannie Mae has started integrating data from digital banking startup Blend Labs Inc. into its underwriting program ... -
How Some Americans End Up With No Credit Score Business
Is the amount of money someone earns preventing them from getting a desirable credit score? Or their race and ethnicity? The answers: No, absolutely not. Some ... -
2021 has been one of the best years for housing and one of the most difficult. 2022 won’t be that different.
Depending on your perspective, 2021 has been one of the strongest or most difficult housing markets in a generation. Through a series of government and private ... -
Susan Tompor: How Some End Up Without a Credit Score | Personal finance
Does the amount of money someone earns prevent them from getting a desirable credit score? Or their race and ethnicity? The answers: No, absolutely not. Some ... -
How On-Time Rent Payments Can Build Your Credit Score with Fannie Mae
Fannie Mae will now take rent payment history into account when approving borrowers for mortgages. You still need a credit score of at least 620 to ... -
Federal Grant Program for Non-Profit Organizations Supporting Minority Businesses | Faegre Drinker Biddle & Reath LLP
A grantmaking program providing federal grants to support nonprofit organizations providing services to minority-owned businesses has been included in the Infrastructure Investments and Jobs Act that ... -
Investors buy Tampa Bay homes at record rates – CBS Miami
MIAMI (CBSMiami / AP) – From July through September, investors bought homes in Tampa Bay at record rates, according to data analyzed by Redfin which began ... -
Sharing hard-earned money lessons to build generational wealth
Julien and Kiersten Saunders, creators of the Rich & Regular blog, go so far as to call the “R word†“retirementâ€. Gaining that independence is crucial ... -
FinTech Lenders May Be the Key to Solving Discrimination
Case Western Reserve University and the American Institute of Business (AEI) published a new report which revealed that the digitization of mortgages and the rise of ... -
Investors are buying houses in Tampa Bay at record rates, creating stiff competition
For Lou Brown, a real estate agent for a company in Midtown St. Petersburg, it was unusual to represent a potential candidate. buyer who lost the ... -
Chase CEO Jamie Dimon talks about taxing the rich and why Houston is fertile ground for racial equity work
Houston has become a focal point of JPMorgan Chase’s $ 30 billion racial equity plan, and the bank’s CEO Jamie Dimon visited the city last month ... -
Mortgage data shows aspiring black homeowners facing an uphill battle
Aspiring black buyers are denied mortgage loans in Philadelphia more frequently than their white counterparts, according to a report released this month. And if they do ... -
Start and grow a small business as a minority entrepreneur
(Photo credit: Adobe Stock) Have you ever dreamed of owning your own business? If so, you are not alone. In fact, you are among over 60% ... -
Memphis Bank resolves discrimination allegations against predominantly black and Hispanic neighborhoods – Finance and Banking
United States: Memphis Bank resolves discrimination allegations against predominantly black and Hispanic neighborhoods 05 November 2021 Cozen O’Connor To print this article, simply register or connect ... -
4 Ways Black Business Owners Can Exceed Customer Expectations This Season
COVID-19 has caused a dramatic shift in buying behavior and accelerated years of change in the way companies across industries and regions do business. During last ... -
Goldman Sachs highlights diversity in new CEO class
By Matt Scuffham NEW YORK (Reuters) – Goldman Sachs Group Inc on Wednesday promoted 643 people to chief executive officer, the bank’s second-largest behind its partner, ... -
Start and grow a small business as a minority entrepreneur – Sahan Journal
Have you ever dreamed of owning your own business? If so, you are not alone. In fact, you are among over 60% of Americans with the ... -
Banks accused of “redlining” in a rush to settle
A group of seasoned bankers and private equity investors in Texas spotted an opportunity as the economy collapsed ten years ago. They raised $ 1 billion, ... -
John Hood: Claims of mortgage discrimination are redundant (copy) | Editorial columnists
A few weeks ago, The Associated Press and a nonprofit journalism firm called The Markup released a set of data and news articles purported to prove ... -
DOJ announces new initiative to fight mortgage discrimination – RISMedia
The Department of Justice (DOJ) on October 22 announced a new initiative to tackle what United States Attorney General Merrick Garland calls the “modern day red ... -
Trustmark Bank to pay $ 5 million fine
Trustmark National Bank will pay federal regulators $ 5 million in fines to address allegations it has actively avoided offering and marketing home loans to black ... -
Achieve a better balance in business with diversity
To date, many organizations have focused on achieving a gender balance in their boards and management teams with government support. Today, recent socio-political events highlight ethnic ... -
Hood: Claims of mortgage discrimination are redundant | Opinion
RALEIGH – A few weeks ago, The Associated Press and a nonprofit journalism firm called The Markup published a set of data and news articles purported ... -
Vulnerable US homeowners face uncertainty as mortgage forbearance ends
A real estate sign advertising a “contracted” home is pictured in Vienna, Virginia, outside Washington on October 20, 2014. REUTERS / Larry Downing Oct. 15 (Reuters) ... -
Can Homeownership Really Close the Racial Wealth Gap?
The racial wealth gap perpetuates inequalities and prevents large swathes of American citizens from economic security and progress. Homeownership can be a reliable way to build ... -
Fair housing group sues Old National over alleged red line before merger
Dive brief: An Indianapolis-based fair housing advocacy group sued the Old National Bank in Evansville, Indiana on Wednesday, alleging that the $ 23.6 billion asset bank ... -
Opinion: The scourge of generational gun violence | Chroniclers
More children in Chicago have been shot this year than have died from the coronavirus in the United States. According to the Centers for Disease Control ... -
most influential women in banking | Best Teams 2021: Citigroup
As part of the American Banker’s Most Powerful Women in Banking and Finance program, we have selected five “best teams” for 2021. Citigroup is one of ... -
Announcement of Bank of America’s Access to Capital Directory for Women Entrepreneurs
CHARLOTTE, North Carolina, October 5, 2021 / PRNewswire / – Today during National Women’s Small Business Month, Bank of America, in partnership with Senec women, announced ... -
Black Detroit subway residents more likely to be denied mortgages
Mortgage applications from black homebuyers in the Detroit metro area were more likely to be denied, with nearly 40% of black applicants facing rejection, compared to ... -
Bank of America exceeds five-year goal of hiring 10,000 people from low- and moderate-income communities
CHARLOTTE, North Carolina, Sept. 30, 2021 / PRNewswire / – Bank of America today announced that it has exceeded its five-year goal, two years ahead of ... -
Scary choices as Democrats debate cutting back on healthcare pie
WASHINGTON (AP) – Democrats are debating how to divide what may be a smaller portion of health care spending in President Joe Biden’s home policy bill, ... -
National Bankers Association announces new initiative
The National Bankers Association (NBA) announced a new initiative to close the racial wealth gap in America. The National Bankers Community Alliance (Alliance) is a 501 ... -
Peak loan origination complaints during pandemic
Consumer complaints about loan origination have increased dramatically in the first 18 months of the COVID-19 pandemic, according to a Consumer Financial Protection Bureau(CFPB) released last ... -
Loan complaints reveal racial and wealth disparities
The Consumer Financial Protection Bureau (CFPB) released a report showing a significant difference in the patterns of loan complaints, depending on the wealth and racial makeup ... -
How Black and Hispanic Millennials Look Outside the 401k for Investing
“We almost went bankrupt,” he said. “We lost almost $ 350,000. To date, Mr. Napoleon has only been able to replenish a fraction of the savings ... -
Community colleges selected by the Lumina Foundation for a national collaboration focused on creating equitable accreditation pathways for adults of color
Denver, September 22, 2021 (GLOBE NEWSWIRE) – The Colorado Community College System (CCCS) has been selected by the Lumina Foundation to join the Racial Equity for ... -
CFPB: Tenants at risk without COVID relief
Millions of U.S. tenants and their families face economic damage from the COVID-19 pandemic as federal and state relief programs end, the Consumer Financial Protection Bureau ... -
Separate infrastructure: removal of urban highways can repair neighborhoods ravaged by racist policies
The US $ 1.2 trillion infrastructure bill currently passing through Congress will bring money to cities for much needed investments in roads, bridges, mass transit systems, ... -
Removing urban freeways can improve neighborhoods ravaged by decades of racist policies
The $ 1.2 trillion infrastructure bill currently going through Congress will bring money to cities for much-needed investments in roads, bridges, transit systems, water infrastructure, grids ... -
Chicago fails to flex its muscles to end predatory lending practices, audit finds
Chicago continues to deposit millions of dollars in taxes at banks that engage in predatory lending practices because the Finance Department is not using the tools ... -
How and why young women can create credit from scratch
It may be easier to sign an apartment lease or buy a car when you have a good credit rating. (Credit: Toa Heftiba on Unsplash) Financial ... -
Refis propelled the outbreak of the origins in 2020
A Consumer Financial Protection Bureau (CFPB) analysis of Home Mortgage Disclosure Act (HMDA) data on residential mortgage lending trends, Data Point: 2020 Mortgage Market Activity and ... -
Why a historic wave of deportations still hangs over the United States | Immovable
With nearly 10 million people out of work in the United States and pandemic protection programs set to expire in a few months, Americans must make ... -
Endeavors protects low-income Texas residents from
San Antonio, Texas, Aug 02, 2021 (GLOBE NEWSWIRE) – San Antonio-headquartered national service organization Endeavors has received a $ 6.9 million CARES Act (CDBG -CV) of ... -
As the moratoriums lift, will America face a wave of foreclosures and deportations?
July 24, 2021 MIAMI AND WASHINGTON, DC MIAMI IS hot, especially if you are selling a house. Home prices are 20% higher than a year ago. ... -
Mortgage help, not rent, needed to solve housing problem in Democrats’ $ 3.5 trillion plan
Senate Democrats on Tuesday unveiled a $ 3.5 trillion spending plan to significantly strengthen the country’s safety net. Priorities include hundreds of billions of dollars for ... -
The new 40-year mortgage modification. And what it means to you. – Councilor Forbes
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but this does not affect the opinions or ratings ... -
California Dreaming: As calls for police reform mount, many California cities look to revamped community policing programs
SANTA CRUZ, Calif .– As the state legislature considers dozens of police reform bills, including one that would strip officers of their badges for misconduct, many ... -
Mortgage forbearance and other federal efforts reduced default and foreclosure risks
What GAO found Many single-family mortgage borrowers who defaulted on their payments during the pandemic have used the expanded mortgage forbearance provision of the CARES Act. ... -
Sellers Reject Offers Supported by FHA / VA
The Urban Institute (UI) says it appears the current seller’s market is having a negative impact on government guaranteed loans and the borrowers who must use ... -
Mortgage Rates Are Low: Why Aren’t Minority Homeowners Refinancing?
With mortgage interest rates at record highs, it’s no surprise that millions of homeowners are rushing to refinance their loans. But a new report from Federal ... -
Reviews | June jobs report shows strong recovery
Early Friday, the government announced that the economy had created 850,000 jobs last month – a welcome recovery from the slowdown in job growth over the ... -
CFPB finalizes foreclosure rules | Credit union hours
CFPB Headquarters in Washington, DC (Source: Shutterstock) The CFPB finalized rules designed to protect homeowners behind on their mortgages from “unwanted surprises” as federal moratoriums on ... -
Biden’s consumer protection agency to help people avoid foreclosures
The moratorium on foreclosures was lifted at the end of July, putting millions of homeowners at risk. The Consumer Financial Protection Bureau has released new rules ... -
CFPB unveils new service rules to avoid avoidable foreclosures
Read more: NMHC Chairman on extending CDC deportation moratorium “As the nation shifts from the COVID-19 emergency to economic recovery, we cannot be content with the ... -
CFPB protects at-risk homeowners from expiration of foreclosure moratorium
The Consumer Financial Protection Bureau (CFPB) has finalized changes to federal services regulations to bolster the ongoing economic recovery as federal moratoria on lockdowns are phased ... -
JP Morgan Wealth Management Launches HBCU Scholarships
After a mega-bank pledges to spend $ 30 billion to advance racial equity and hire 300 black and Latino financial advisors over the next five years, ... -
Interventions needed to avoid a “wave” of seizures, evictions: report
As the United States recovers from the COVID-19 pandemic, averting some of the worst fears of an economic collapse, experts warn millions of families are still ... -
New data set examines home buying trends in 2020
The Federal Financial Institutions Examination Council (FFIEC) announced the availability of data on 2020 mortgage transactions at 4,475 U.S. financial institutions (banks, savings associations, credit unions ... -
Are whites bad for the environment?
Dear Umbra, Are whites bad for the environment? Do whites have a significantly higher carbon footprint than people of color? – Just understand the systemic truths ... -
Black America Needs a “New Normal”: Equitable Access to Credit to Build Wealth – Los Angeles Sentinel | Los Angeles Sentry
As federal lawmakers seek to understand how best to pull the country out of health and financial crises, many advocates are calling for a new paradigm: ... -
Federal college loan program can trap parents in debt
Kate Schweizer and her husband didn’t want their two daughters, just 13 months apart, to start their adulthood with college debt, so they borrowed a lot ... -
5 things to watch out for in the final days of the 2021 state legislature
ALBANY – Even though governors’ inquiries and COVID-19 occupy most of the political air, state lawmakers are still trying to end the 2021 legislative session with ... -
Bias in the mortgage approval process
The mortgage approval process refers to the steps involved in obtaining a mortgage. Estimates indicate that nearly two-thirds of a typical American household’s wealth comes from ... -
30-year mortgage rates stay in 2 for a week, reports Freddie Mac
You have money matters. Bankrate has answers. Our experts have been helping you stay on top of your money for over four decades. We continually strive ... -
Many residents of the Inland Empire earn below what is needed for housing
SE Williams | Black Voice News The message was retweeted 94,000 times when Kate posted on Twitter earlier this year: “I’m paying $ 1,400 a month ... -
Bank of America Invests in New Jersey “40 Acres and a Mule” (FAM) Fund Created to Fight Systemic Racism
First investment by Fortune 500 financial institution as NJ FAM Fund grows rapidly to now include eight NJ cities: Newark, Orange, East Orange, Paterson, Camden, Trenton, ... -
A fight looms over down payment aid to close the racial wealth gap
Democrats are “in a hurry to put families in homes they cannot afford,” said Sen. Pat Toomey of Pennsylvania, the top Republican on the banking and ... -
We should have jailed the bankers after the last crisis
Perhaps the most revealing passage from Barack Obama’s memoirs in 2020, A promised land, comes towards the end of his recollection of the 2009 financial crisis ... -
Concerns grow as foreclosure moratoriums approach date
An analysis by QuoteWizard, a LendingTree company, of U.S. landlords and tenants found that a growing number of people are increasingly concerned with keeping a roof ... -
Don’t Pay Too Much For Homes On The North Side Of Chicago
Home values ​​in Lincoln Park, for example, have jumped 10% in the past year. 23-May-21 ?? Chicago’s springtime market for existing homes on the city’s north ... -
Alaska Among Country’s Highest For Rates Of People At Risk Of Deportation Or Seizure | Bulletin
High housing costs, the potential end of an eviction moratorium, and prolonged unemployment have left many Americans worried about keeping a roof over their heads. We ... -
Black millennials lag behind other groups in wealth creation, Fed study finds
Older black millennials are less wealthy than their baby boomer parents at this comparable age and also fall far behind their white and Hispanic millennial peers ... -
Bank of America targets more investment funds supporting various small businesses
America’s second-largest bank by assets announced on Thursday, May 20, that it was increasing its equity investment target in minority funds from $ 200 million to ... -
HCA Healthcare to Donate $ 10 Million to HBCUs and HSI
Organization to provide funding to create a more diverse pipeline of healthcare professionals and leaders HCA Healthcare, Inc. (NYSE: HCA), one of the nation’s leading healthcare ... -
Michelle Singletary Wants To Help You Protect Your Finances ‘In A Crisis’
The economy is recovering from the pandemic. But what goes up, will go down one day. Financial columnist Michelle Singletary joins us for a conversation on ... -
Bank of America Surpasses $ 200 Million Equity Investment Target, Raises $ 350 Million Target to Support Minority Entrepreneurs | national
CHARLOTTE, North Carolina – (BUSINESS WIRE) – May 20, 2021 – Bank of America announced today that it has increased its equity investment target in minority ... -
CFPB publishes brief on characteristics of mortgage borrowers during COVID-19 pandemic | Weiner Brodsky Kider PC
The CFPB Research Office recently released a special feature detailing the trends among borrowers in terms of forbearance and delinquency on their mortgages since the start ... -
Mortgage rates drop again in latest Freddie Mac poll
You have questions about the money. Bankrate has answers. Our experts have been helping you stay on top of your money for over four decades. We ... -
The CFPB sees its mortgage complaints increase
Consumers submitted more mortgage complaints to the Consumer Financial Protection Bureau in March than in any month since April 2018, the CFPB said in a statement ... -
American Watchdog Says Black, Hispanic Owners More Likely To Be On Withdrawal Program
According to new data from the Consumer Financial Protection Bureau (CFPB), black and Hispanic US mortgage borrowers are much more likely to be in delinquency or ... -
Inequalities in housing difficulties have decreased because everyone is now in a worse situation
Throughout the pandemic, we have investigated the disproportionate impacts of the pandemic on American families. In June, we reported that black and Hispanic Americans face higher ... -
Communities of color face “disproportionately and systematically” with deadly air pollution, regardless of location or income | Smart News
Air pollution from fine particles such as soot, dust or smoke causes an additional 85,000-200,000 deaths in the United States each year. New research, published this ... -
CFPB Delays Mandatory Compliance Date for New General Rule on Qualifying Mortgages | Ballard Spahr LLP
The CFPB recently published a final rule delay the mandatory compliance date for the new general rule of qualifying mortgage (QM) based on an annual percentage ... -
Hispanic homeownership rate increases for sixth consecutive year
The Hispanic homeownership rate increased for the sixth consecutive year to 49%, according to the National Association of Hispanic Real Estate Professionals’ 2020 annual report released ... -
Why millions of potential borrowers are stranded
The White House jobs report in March showed encouraging job growth a year after the first jobless claims linked to the pandemic. Still, the Biden administration ... -
The CFPB plans to extend mortgage absences until the end of the year; What about the cards?
Abstentions, a deal to prevent collection activity against an overdue account, give consumers a short-term solution to withhold payments when needed. Mercator Advisory Group addressed the ...
/GettyImages-1190222745-b65de6b6c3b948d2a22db5d28c5b1fb8.jpg)
/https://specials-images.forbesimg.com/imageserve/61d0d59c151d88063a3ad616/0x0.jpg?cropX1=0&cropX2=2175&cropY1=110&cropY2=1333)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ETGFMLRLH5MYPN3JR6Z5JEGM2A.jpg)
/CFPB_2tone_Horiz_RGB-57bbffb95f9b58cdfde37029.png)
/GettyImages-1166429559-df2bbdbe2c9e47dda35c612a638c6e2d.jpg)
