Banks Vowed To Help Black Homebuyers. What Happened?

30m ·

Banks Vowed To Help Black Homebuyers. What Happened?

In the aftermath of the 2008 financial crisis, some of the biggest mortgage lenders in the US promised to extend billions in new loans to Black homebuyers. That hasn’t happened. Instead, the numbers are going in the opposite direction.

Bloomberg senior economics writer Shawn Donnan joins Wes this episode to talk about why banks have fallen short of the goal–and what it means for families across the country. Dedrick Asante-Muhammad of the National Community reinvestment Coalition also joins to spell out what needs to be done to fix the problem.

Learn more about this story here: https://bloom.bg/3YyRgDA 

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Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

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