ABC 17 News, March 22, 2022, The Black homeownership gap in Kansas City
According to the 2020 National Community Reinvestment Coalition Home Mortgage Report, home loan originations to majority-minority neighborhoods declined to 18.5% in that year from 19.1% just two years prior…According to the NCRC report data, a significant percentage of loan paperwork has lacked race and ethnicity data since 2018. This vital information, which ensures the loans process is fair and nondiscriminatory, has been lacking in about 15% of all applications since 2018—and is missing for 75% of all purchased loans reviewed by the NCRC. And, when looking at the top loan purchasers, 15 out of 20 reported race and ethnicity data on 0% of their purchased loans, according to the report.
