A range of interrelated factors may help explain why Black millennials lag in building household ... lower wages than their White counterparts and struggles to gain bank financing when starting ...

Bank of America is offering zero down ... threatened to deepen the alarming divide between White homeownership and that of minorities. Black homeownership stood at just 43.4% at the end of 2020 ...

The racial wealth gap in the US is stark. For every $1 of wealth held by a white family, a Black family had just $0.25 in 2022, according to the Federal Reserve Bank of St. Louis. Black families ...

Black and Hispanic homeowners face a number of additional obstacles when buying homes compared with white homeowners ... credit-building opportunities. It was also critical that Bank of America ...

Bank of America Corp. started a trial program aimed at helping first-time homebuyers in Black and Hispanic neighborhoods ... to narrowing the gap between White and minority ownership.

The study is part of Access Commitment, a series of initiatives across U.S. Bank to increase wealth-building opportunities, starting with the Black community. “The study revealed an eight-to-one ...

In addition to embracing their first brush with capitalism and wealth building, the black community used the bank as a foundation to create community service organizations and rebuild after the ...

“Remedial provisions in the agreement will open up opportunities for building ... all in majority white neighborhoods and the bank designated a service area that excluded Black and Hispanic ...

A New Jersey-based bank ... Black and Hispanic census tracts in the Newark (area) from obtaining mortgage loans, while acting to serve the credit needs for mortgage loans in majority white census ...