__________________________________________________ Thank you for watching my video. Enclosed are a few links to see research, stories and examples of how real estate builds generational wealth, changes the trajectory of families, and the impact of inequities in lending. Let’s all be creators of change and champions of equity! Connect with me - @christiansoldit on Social
Washington Post - One House. One Impact https://www.washingtonpost.com/business/2020/07/23/black-homeownership-gap/?arc404=true CNBC - Black man refinancing with 800 score https://www.cnbc.com/2020/08/19/lenders-deny-mortgages-for-blacks-at-a-rate-80percent-higherthan-whites.html Forbes: Redlining’s impact in 2020 https://www.forbes.com/sites/brendarichardson/2020/06/11/redlinings-legacy-of-inequality-low-h omeownership-rates-less-equity-for-black-households/?sh=7e2cfae42a7c Business Insider https://www.businessinsider.com/personal-finance/how-to-get-a-mortgage-racial-bias-in-lending-2 020-6 "Race and ethnicity should not be a factor in determining lending decisions," says Samuel Deane, a financial planner with Deane Financial Partners. "Yet, even with similar creditworthiness, whether face to face or online, the Black community is unfairly being charged higher interest rates and refinance costs — a practice that is deeply rooted in systematic racism." Vanderbilt University https://business.vanderbilt.edu/news/2020/07/20/racial-disparities-in-lending-markets/
CBS: https://www.cbsnews.com/news/mortgage-discrimination-black-and-latino-paying-millions-more-i n-interest-study-shows/ Realtor.com - https://www.realtor.com/news/trends/black-communities-higher-mortgage-rates/
Chicago Tribune - Racial Disparities in Mortgage Rejections https://www.chicagotribune.com/real-estate/ct-re-0527-kenneth-harney-20180521-story.html Business Insider Racial Bias in Mortgages is Real - Sharing Steps to Put Your Best Foot Forward https://www.businessinsider.com/personal-finance/how-to-get-a-mortgage-racial-bias-in-lending-2 020-6
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Most of these articles are from the last 2 years. There are countless social media posts as people discover what could be classified as discrimination after closing or a refinance and share their stories. We must continue to be advocates for equitable practices in real estate and lending!