Mortgages Still Difficult For Blacks To Get

Black mother and son at a sink | Photo by CDC on Unsplash

New research published by the Consumer Financial Protection Bureau (CFPB) shows Blacks are more likely to be denied mortgages compared with white borrowers.

New research published by the Consumer Financial Protection Bureau (CFPB) shows Blacks are more likely to be denied mortgages compared with white borrowers. On the plus side, the numbers do show an increase in the percentage of new home loans going to Black buyers.

The data is part of the Bureau’s third annual series of Bureau Data Point articles describing mortgage market activity over time based on data reported under the Home Mortgage Disclosure Act (HMDA).

Click here to read more about the CFPB's research.

This article originally appeared in the National Mortgage Professional print magazine.

 : 
Written by 
Keith Griffin
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Mortgages Still Difficult For Blacks To Get
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Mortgages Still Difficult For Blacks To Get

June 30, 2020
by
Keith Griffin

New research published by the Consumer Financial Protection Bureau (CFPB) shows Blacks are more likely to be denied mortgages compared with white borrowers. On the plus side, the numbers do show an increase in the percentage of new home loans going to Black buyers.

The data is part of the Bureau’s third annual series of Bureau Data Point articles describing mortgage market activity over time based on data reported under the Home Mortgage Disclosure Act (HMDA).

Click here to read more about the CFPB's research.

Written by 
Keith Griffin

Keith is the managing editor at American Business Media in West Hartford, Conn.

kgriffin@ambizmedia.com

These articles are powered by National Mortgage Professional

Mortgages Still Difficult For Blacks To Get
June 30, 2020 9:03 AM
by
Keith Griffin
Originations

New research published by the Consumer Financial Protection Bureau (CFPB) shows Blacks are more likely to be denied mortgages compared with white borrowers. On the plus side, the numbers do show an increase in the percentage of new home loans going to Black buyers.

The data is part of the Bureau’s third annual series of Bureau Data Point articles describing mortgage market activity over time based on data reported under the Home Mortgage Disclosure Act (HMDA).

Click here to read more about the CFPB's research.

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