Baltimore couple’s home rises nearly $300,000 in value after White colleague stands in for appraisal By Megan Sayles, AFRO Business WriterReport for America Corps Membermsayles@afro.com and Kara Thompson, Special to […] The post Skewed figure: how biased appraisals are underestimating the value of Black homes appeared first on AFRO American Newspapers .
By Megan Sayles, AFRO Business Writer, Report for America Corps Member msayles@afro.com When it comes to building generational wealth and closing the racial wealth divide, homeownership has become a key […] The post Real estate expert opinion: what to know before you buy a home appeared first on AFRO American Newspapers .
By Stacy M. Brown, NNPA Newswire Senior Correspondent, @StacyBrownMedia In data released earlier this year from the Federal Home Mortgage Disclosure Act, major disparities exist in home loan approval rates […] The post It’s not easy getting a home loan – racial bias makes it nearly impossible for many Blacks appeared first on AFRO American
By Tashi McQueen, AFRO Political Writer, Report for America Corps Member, tmcqueen@afro.com More than 50 first-time homebuyers in Baltimore have received a $10,000 incentive to help with the cost of […] The post Inside look: recipients of increased first-time homebuyers incentive sound off about experience appeared first on AFRO American Newspapers .
Trident Mortgage ordered to pay for racist lending practices By Charlene Crowell, The Washington Informer The first-ever judgment against a non-bank lender for engaging in the practice of “redlining” has […] The post First judgment against a non bank lender for redlining set at $22 million appeared first on AFRO American Newspapers .
By Fatiha Belfakir, Special to the AFRO fbelfakir@afro.com Churches are stepping up to do their part in increasing Black homeownership. Reverend Anthony Evans, president of the National Black Church Initiative […] The post National Black Church Initiative working to increase Black homeownership to 51 percent appeared first on AFRO American Newspapers .
By Megan Sayles, AFRO Business Writer, Report for America Corps Member, msayles@afro.com In 1999, Baltimore native David Pridgen worked for the U.S. Postal Service but to supplement his income, he […] The post Realty ONE Group Excellence supports buyers ‘one home, one dream, one life’ at a time appeared first on AFRO American Newspapers .
By Shirvan Joseph, Diversity Manager/Loan Officer, TowneBank Mortgage Buying a home is a huge milestone, and it is important to educate yourself about the process of buying a home before […] The post Top Questions You Need Answered Before Buying a Home appeared first on AFRO American Newspapers .
By Joy Stephens, JPMorgan Chase Washington D.C. Market Director – Wealth Everyone has their own personal relationship with money. The how, what and why to investing varies from person to […] The post New J.P. Morgan Study Highlights the Investing Preferences of Black and Hispanic Americans appeared first on AFRO American Newspapers .
By Michelle Fields-Hall, Director, Community Lending, George Mason Mortgage, LLC With the economic challenges brought on by COVID and interest hikes, borrowers have discovered that rental prices have increased. However, there […] The post YOUR JOURNEY HOME appeared first on AFRO American Newspapers .