Low interest rate fuels rise of home loans to military veterans

A record number of veterans and service members are buying homes with loans financed by the Department of Veterans Affairs.

About 80 percent of VA Loan borrowers do not put down money when buying a house. But less than 1 percent of VA loans were in foreclosure as of June, according to the Mortgage Bankers Association’s National Delinquency Survey. VA loans have had the lowest foreclosure rate on the market for the past 18 quarters.

Source: Washington Post

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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