Latest News for: African mortgage

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New federal proposal aims to stop racial bias in formulas used to value homes

The Paducah Sun 02 Jun 2023
Appraisers help to determine the value of a home so buyers can receive a mortgage ... In Indianapolis, one Black homeowner found the appraised value of her home jumped to $259,000 from $125,000, after she declined to disclose her race on her application and removed all family photos and African American art in the home.
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Federal proposal aims to stop racial bias in home appraisal formulas

San Gabriel Valley Tribune 01 Jun 2023
Appraisers help to determine the value of a home so buyers can receive a mortgage ... In Indianapolis, one Black homeowner found the appraised value of her home jumped to $259,000 from $125,000, after she declined to disclose her race on her application and removed all family photos and African American art in the home.
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Column: Wells Fargo denied well-off borrowers low-interest loans. Is it because they’re Black?

The Los Angeles Times 25 May 2023
... of 'discrimination against qualified African-American and Hispanic borrowers in its mortgage lending from 2004 through 2009.' The cities of Oakland and Philadelphia have also sued Wells Fargo for discriminatory lending practices; Philly settled its case for $10 million in 2019.
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New historic marker honoring Black history dedicated in Walnut Hills

The Cincinnati Herald 19 May 2023
Foundation and the African American Chamber of Greater Cincinnati & Northern Kentucky ... He founded and served as the president of the Industrial Building and Loan, a bank that provided savings accounts and mortgages to African Americans in the old West End and in Walnut Hills; for his efforts he took only a token single dollar as annual compensation.
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Is California giving reparations for slavery? Here’s what you need to know

The Los Angeles Times 07 May 2023
Pay fair market value for jail and prison labor.Abolish the death penalty.Fund community wellness centers in African American communities.Strengthen the Bane Act by eliminating the requirement that a victim of police violence show that the officer “specifically intended” to ...
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Emulate South Africa in solving Ghana’s housing problem – Benjamin Quashie to government

Joy Online 02 May 2023
According to him, the government can incorporate the Southern African mortgage and rental system to address the heightened housing deficit in Ghana ... Explaining further, the Allied Consortiums Group Chairman shared that, in the South African scenario for example, a piece of land would be given to a real estate company to develop.
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This couple finds art world success by exploring race, history and mythology

Hastings Tribune 02 May 2023
SACRAMENTO, Calif ...That’s used a lot within the African-American community to denote what your hair texture is,” Wimbley said ... They draw attention to areas like Folsom Lake’s Black Miners Bar – where African-Americans discovered gold – or the practice of mortgage redlining that for decades restricted where Black people could own homes ... 2 ... .
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Redlining is Gone but Entrenched Practices Remain

The Washington Informer 24 Apr 2023
... – redlining – that kept African Americans out of white neighborhoods.
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Pavan Agarwal CEO of Sun West Mortgage Company and MORGAN featured on FOX5 Las Vegas

Victoria Advocate 12 Apr 2023
His message was clear- mortgage lending can be complex, but MORGAN simplifies it for everyone ... Sun West Mortgage has implemented artificial intelligence and brought their African American decline rates down to be about equal to the national average white American decline rates ... About Sun West Mortgage Company, Inc ... At Sun West Mortgage Company, Inc.
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Detroit Activists Battle Bailiffs in Defense of the Tiny Home of Taura Brown

GlobalResearch 05 Apr 2023
To receive Global Research’s Daily Newsletter (selected articles), click here. Click the share button above to email/forward this article to your friends and colleagues ... *** ... Very few mortgages are being written for longtime Detroit residents who are 77% African American ... *. Note to readers ... Abayomi Azikiwe is the editor of the Pan-African News Wire.
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On this day in 1968: Civil rights leader MLK is killed, Michigan reacts

Iosco County News Herald 04 Apr 2023
The African American leader was in Tennessee to support striking sanitation workers ... The following day, April 5, African-American students at Detroit’s Cooley High School and Mumford High School walked out of their classes in protest over the assassination ... The first African American, A.
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Homeowners brace for hike

Business Day 26 Mar 2023
... lift the repo rate 25bp, raising the likelihood of forced home sales by stressed mortgage clients.
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Cat fight: Michigan TikTok influencer and Muskegon shelter battling over $900 cat

Michigan Live 22 Mar 2023
They tell me she’s $900, she’s an African Savannah, she’s super rare.” ... “I have a mortgage ... Mitchell said she was not familiar with the breed of cat before going to adopt it, but was told by the shelter that her cat is a fifth-generation African Savannah ... We were told she was an African Savannah cat but we don’t know.”.

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