Black Homeownership 2004 to 2023

This boring graph may be the most important graph in Black Economics. Let me explain. Homeownership is the single best way in the United States of building wealth. Second is retirement savings. And both are subsidized by the the government. Homeownership is key to wealth building especially for Black people. If you take a step … Read more

Navy Federal Credit Union Discriminates against Black mortgage applicants

The nation’s largest credit union rejected more than half its Black conventional mortgage applicants (CNN). CNN broke a great story about discriminatory mortgage lending practices against Blacks by the Navy Federal Credit Union(NCFU). Many major US banks have long been accused of mortgage discrimination but Navy Federal made headlines with the high denial rate of … Read more