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Jun 26, 2020

Black Americans are far more likely to be denied a mortgage

Plus: Facebook’s about-face on ads and Texas’ influx of Californians.

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A house for sale in Seattle. Black homeownership rose slightly in 2019, but mortgage denial rates were still much higher — 16% for Black applicants compared to 7% for white borrowers.
A house for sale in Seattle. Black homeownership rose slightly in 2019, but mortgage denial rates were still much higher — 16% for Black applicants compared to 7% for white borrowers.
Stephen Brashear/Getty Images for Redfin

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