NPR, September 4, 2022, What Bank of America’s mortgage pilot can and can’t fix for homeownership disparities
“Even a 3% down payment on a home is a level of wealth or just spare cash that many families don’t have. And that will be disproportionately true for Black and Latino borrowers,” Jesse Van Tol, the president and CEO of the National Community Reinvestment Coalition, told NPR.
