2021 HMDA: The Year That Our Homes Became ATMs Again
Lending for home purchases and refinancing was already slowing down in 2021, when cash-out loans to home owners spiked.
2021 HMDA: The Year That Our Homes Became ATMs Again Read More »
GoErie: Let’s Get Real About Who Biden’s Student loan Forgiveness Helps And Why It Matters
GoErie, September 9, 2022, Let’s Get Real About Who Biden’s Student Loan Forgiveness Helps And Why It Matters Women hold two-thirds of the nation’s student loan debt, and Black women have the highest average total undergraduate and graduate loan debt. Women and people of color are juggling higher amounts of student loan debt with lower
The Wall street Journal: Affordable Care Act Health-Plan Premiums Set To Rise
The Wall Street Journal, September 9, 2022, Affordable Care Act Health-Plan Premiums Set To Rise Premiums for many Affordable Care Act health-insurance plans are set to rise sharply next year, a sign of how rising labor costs and other expenses are starting to ripple through the healthcare economy.
The Wall street Journal: Affordable Care Act Health-Plan Premiums Set To Rise Read More »
American Banker: Home Equity Loans Back In Vogue As Cash-Out Refis Fade
American Banker, September 7, 2022, Home Equity Loans Back In Vogue As Cash-Out Refis Fade Higher interest rates are crushing mortgage refinancing volumes, but homeowners are increasingly turning to second loans and are unlikely to slow down soon. Lenders originated some $100.8 billion in home equity lines of credit, or HELOCs, through the first five
American Banker: Home Equity Loans Back In Vogue As Cash-Out Refis Fade Read More »
The New York Times: Clean Energy Projects Surge After Climate Bill Passage
The New York Times, September 7, 2022, Clean Energy Projects Surge After Climate Bill Passage In the weeks since President Biden signed a comprehensive climate bill devised to spur investment in electric cars and clean energy, corporations have announced a series of big-ticket projects to produce the kind of technology the legislation aims to promote.
The New York Times: Clean Energy Projects Surge After Climate Bill Passage Read More »
NPR: Racial Disparities In D.C.’s Opioid Arrests
NPR, September 7, 2022, Racial Disparities In D.C.’s Opioid Arrests New arrest data shows that Black D.C. residents are arrested almost seven times as often as white residents for opioid-related offenses, which advocates say bolsters their case for decriminalization and the need to move funds away from policing and into safe-use resources.
NPR: Racial Disparities In D.C.’s Opioid Arrests Read More »
Huffpost: The U.S. Is Still In For A Wild Economic Ride Despite Easing Inflation
Huffpost, September 8, 2022, The U.S. Is Still In For A Wild Economic Ride Despite Easing Inflation Dedrick Asante-Muhammad, the chief of membership, policy and equity at the National Community Reinvestment Coalition, said the Fed should not abandon its full employment mandate in its quest to tame inflation.
Huffpost: The U.S. Is Still In For A Wild Economic Ride Despite Easing Inflation Read More »
Patch: Bank Of America Offers Detroiters Zero down, Zero Closing Mortgages
Patch, September 2, 2022, Bank Of America Offers Detroiters Zero down, Zero Closing Mortgages Moreover, a separate study found an alarming increase in the number of loan records that lacked demographic data on race and ethnicity. Furthermore, the National Community Reinvestment Coalition found that Black and Hispanic borrowers bought less valuable homes than White (and
Patch: Bank Of America Offers Detroiters Zero down, Zero Closing Mortgages Read More »
NPR: What Bank of America’s mortgage pilot can and can’t fix for homeownership disparities
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
The University Star: Opinion: Gentrification will erode what we love about central Texas
The University star, September 2, 2022, Opinion: Gentrification will erode what we love about central Texas Gentrification will eliminate an area’s unique culture that its members hold dear. According to National Community Reinvestment Coalition, a key component of gentrification is the cultural replacement of an area. Local businesses housed in such an area have no choice but
The University Star: Opinion: Gentrification will erode what we love about central Texas Read More »
CNN: Jackson, Mississippi, residents Told To Shower With Mouths Closed As Water Treatment Plant Repairs Continue On Day 4 Of Water Shortage
CNN, September 2, 2022, Jackson, Mississippi, residents Told To Shower With Mouths Closed As Water Treatment Plant Repairs Continue On Day 4 Of Water Shortage As Mississippi’s capital city entered a fourth day on Thursday with little or no water flowing from faucets, authorities were scrambling to get a failing water treatment plant plagued by decades
Them: A Nebraska School Ended Its Journalism Program After A single LGBTQ+ Edition Of Its Paper
Them, September 2, 2022, A Nebraska School Ended Its Journalism Program After A single LGBTQ+ Edition Of Its Paper Students and staff at Northwest High School in Grand Island, Nebraska, were notified that the 54-year-old journalism program was being eliminated on May 19, just three days after its June issue of the Viking Saga was printed, local
American Banker: Bank Of America Aims Mortgages, CRE Loans At Women and minorities
American Banker, September 2, 2022, Bank Of America Aims Mortgages, CRE Loans At Women And Minorities Two new Bank of America lending programs seek to promote homeownership among minority borrowers as well as incentivize economic development in disadvantaged communities. One is a pilot program that would offer mortgages to Black and Hispanic Americans using rent,
American Banker: Bank Of America Aims Mortgages, CRE Loans At Women and minorities Read More »
The Washington Post: Arlington Offered $23M For Amazon HQ2. So Far, It Hasn’t Paid A Dime
The Washington Post, September 2, 2022, The Washington Post: Arlington Offered $23M For Amazon HQ2. So Far, It Hasn’t Paid A Dime When Amazon announced its plans to build a second headquarters somewhere in North America, cities and states around the continent stopped at nothing to woo the tech giant. They made promises of billion-dollar tax breaks and
CNN: Free Healthy Grocery Deliveries Kept Her Community Fed Through The Pandemic, But This Chef’s Battle Against Food Insecurity Is Far From Over
CNN, September 2, Free Healthy Grocery Deliveries Kept Her Community Fed Through The Pandemic, But This Chef’s Battle Against Food Insecurity Is Far From Over A former restaurant chef, Calichio had built a cooking and gardening business that halted completely, leaving her with no income. Her husband, Omar, also a chef, continued his restaurant job,