Bank of America said the new mortgage, known as the Community Affordable ... deepen the alarming divide between White homeownership and that of minorities. Black homeownership stood at just ...

The new mortgage, called the Community ... report. White households are now 40% more likely to be able to afford to buy a home compared with Black households, the association said. Bank of America ...

AJ Barkley, the head of neighborhood and community lending for Bank ... process. Black and Hispanic homeowners face a number of additional obstacles when buying homes compared with white homeowners.

According to the Federal Reserve, Black people are two times more likely to be denied credit than their white counterparts ... the Black community. By switching to a Black-owned bank, you ...

Known as Minority Depository Institutions (MDIs) or Community Development Financial Institutions (CDFIs), Black ... a white banker named Joseph Canizaro, the former CEO of First Bank & Trust ...

“Transitions came to us, and we were able to help them navigate that financing,” said Reggie Webber, chief credit officer of Optus Bank in Columbia, the only Black-owned bank with headquarters ...