How mortgage algorithms perpetuate racial disparity in home lending

Aug 25, 2021
A new investigation finds that people of color are more likely to have their mortgage applications rejected than comparable white applicants.
A new investigation finds that people of color are more likely have their mortgage applications rejected than similar white applicants.
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As home prices rise, so does mortgage debt

May 20, 2021
Are borrowers and lenders taking on too much risk?
Most analysts don't expect home prices to reverse in the near term, but if mortgage rates were to substantially increase, the pace of appreciation could slow.
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More homeowners are back to paying their mortgages

May 3, 2021
But the recovery has been unequal. Black homeowners are at a higher risk of foreclosure when forbearance rules expire, one nonprofit says.
Despite recent trends, more than 2 million mortgages are still in forbearance.
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Housing is hot, and LA mortgage broker sees no sign of a slowdown

Apr 29, 2021
Vivian Gueler of Pacific Trust Group says demand for housing in Los Angeles is outpacing supply, thanks largely to low interest rates.
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CFPB warns lenders of "tidal wave" of distressed mortgages

Apr 5, 2021
But homeowners are in a better position to avoid foreclosure than they were in the last crisis.
As of January, more than 2.7 million people were still in the programs to put mortgage payments on hold during the pandemic, the Consumer Financial Protection Bureau says.
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Will borrowing get more expensive for consumers as the economy recovers?

Mar 5, 2021
Interest rates on 30-year mortgages have started climbing.
This week, Freddie Mac said the average interest rate for a 30-year fixed-rate mortgage climbed above 3% for the first time since July.
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JPMorgan Chase promises $30 billion to address racial wealth gap

Some of the initiative is philanthropic, but most of it is lending with an expected return for the bank.
"We can do more and do better to break down systems that have propagated racism and widespread economic inequality, especially for Black and Latinx people," JPMorgan Chase Chairman and CEO Jamie Dimon said.
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"It's been busier than ever": What's behind LA's real estate resurgence

Sep 17, 2020
The pandemic has surprisingly become a busy time for this mortgage broker.
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The housing market's a rare bright spot in a struggling economy

Jul 22, 2020
Low mortgage rates and high demand are good news for homeowners.
A for-sale sign outside a house. Sales of existing homes jumped in June.
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Low mortgage rates spur many to refinance

Jul 17, 2020
Mortgage finance company Freddie Mac says rates on 30-year fixed mortgages fell below 3% for the first time in 50 years.
Mortgage finance company Freddie Mac says rates on 30-year fixed mortgages fell below 3% this week. For some people, that's a chance to refinance.
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