The gap is growing between Blacks and whites getting approved for a mortgage.
Over the past two years, Black homeownership has dipped to 44% below its peak of almost 50% in 2004.
Zillow, the real estate marketplace, analyzed data from the Home Mortgage Disclosure Act and found Black mortgage applicants were denied 84% more often than white applicants. Credit history is the No. 1 reason.
Experts say discriminatory regulations and policies are to blame.
BNC’s Jenyne Donaldson joins Laverne McGee on “BNC Live” with a breakdown of barriers for Black homeownership and wealth.
All this and more on “BNC Live.”
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