Blacks and Hispanics face extra challenges in getting home loans
Black and Hispanic mortgage applicants are denied more frequently than whites and Asians, and when they do obtain mortgages they tend to pay higher rates.
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Black and Hispanic mortgage applicants are denied more frequently than whites and Asians, and when they do obtain mortgages they tend to pay higher rates.
Homeownership in America stands at its lowest level in at least 20 years. The decline has been more pronounced among households headed by young adults, blacks and those in the lower income tier.
There were 55.3 million Hispanics in the United States in 2014, comprising 17.3% of the total U.S. population.
The slowdown in growth of the Hispanic foreign-born population coincides with a decline in Mexican migration to the U.S.
*Visit the most recent data. This statistical profile of the Latino population is based on Pew Research Center’s Hispanic Trends Project tabulations of the Census Bureau’s 2012 American Community Survey (ACS). Users should exercise caution when comparing the 2012 estimates with estimates for previous years. Population estimates in the 2012 ACS are based on the […]
*Visit the most recent data. This statistical profile of the foreign-born population is based on Pew Research Center’s Hispanic Trends Project tabulations of the Census Bureau’s 2012 American Community Survey (ACS). Users should exercise caution when comparing the 2012 estimates with estimates for previous years. Population estimates in the 2012 ACS are based on the […]
Although household-income growth for African-Americans has outpaced that of whites since the 1960s, those gains haven’t led to any narrowing of the wealth gap between the races.
Despite large and persistent gaps between blacks and whites on virtually every indicator of economic well-being, about half of all whites say the average black person is about as well off financially or doing better than the average white person, according to a survey released last week by the Pew Research Center.
Nearly nine-in-ten Americans now say having a secure job is essential to being in the middle-class; in 1991, it was homeownership.
High on Congress’ long to-do list is deciding what to do about Fannie Mae and Freddie Mac, the two giant government-run companies that dominate the nation’s mortgage market (together they accounted for 78% of all mortgage-backed securities issued in the first quarter of this year). Which is another way of saying, Congress has to decide […]
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