whytheracecardisplayed1 min readThe gulf between Black homeowners and White is actually getting bigger, not smallerUpdated: May 3, 2023Rated 0 out of 5 stars.No ratings yet#housingNearly all home buyers, about 90%, finance the purchase with a mortgage. Black Americans are denied mortgages at a higher rate, with 20% of Black and 15% of Hispanic loan applicants denied mortgages, compared with about 11% of white and 10% of Asian applicants, According to NAR’s analysis of Home Mortgage Disclosure Act data.
#housingNearly all home buyers, about 90%, finance the purchase with a mortgage. Black Americans are denied mortgages at a higher rate, with 20% of Black and 15% of Hispanic loan applicants denied mortgages, compared with about 11% of white and 10% of Asian applicants, According to NAR’s analysis of Home Mortgage Disclosure Act data.
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