Posts about NCRC research.
The Black unemployment rate is sometimes seen as a “canary in the coal mine” for the broader economy. When it begins to rise, it may signal a looming downturn.
The gaps between Black and White unemployment and labor force participation rates are near historic lows.
A summary and detailed review of data points in the CFPB’s final Section 1071 rule.
Home lending to non-wealthy borrowers plummeted, while those who missed out on pandemic-era refinancing scrambled to find other ways to capitalize their homes.
Black unemployment has reached an all time recorded low. Sustained low Black unemployment could have significant positive economic impact for the African American community.
Initial Analysis Of Final Section 1071 Small Business Lending Rule April 2023 Download Report Kevin Hill, Senior Policy Advisor KEY TAKEAWAYS: Discrimination in small business lending will be easier to identify and root out. This is an important new rule that applies to the full spectrum of small business lending, removing fog from a key area …
Initial Analysis Of Final Section 1071 Small Business Lending Rule Read More »
The latest monthly jobs report from the Bureau of Labor Statistics (BLS) provides important insights into the current state of the US labor market. In February 2023, there was an increase of 311,000 new jobs.
This data analysis of home lending patterns among Native American borrowers details just one element of the broader legacy of a genocide.
There has been a steady increase in foreign-born immigrants throughout the decades. In 1980, foreign-born immigrants accounted for only 5% of the US population. According to the 2020 Current Population Survey (CPS), immigrant parents and their US-born children make up 85.7 million of the US population, or around 26% of the US population.
Columbia represented case study in a new era of desegregation for American housing in the 1960s. These efforts at desegregation focused on easing the division of Black and White residential neighborhoods. While there has been exponential growth of the Asian and Hispanic communities of Columbia during the past three decades, this report focuses on the economic status of the Black community since development.
In 2022, banks continued closing branches at a breakneck pace – further impairing recovery in neglected communities.
KeyBank disregarded commitments to improve lending to Black homeowners and potential homeowners. Federal data shows KeyBank now ranks at the bottom among the 50 largest mortgage lenders in the nation in the percentage of its borrowers who are Black, live in majority-minority or LMI neighborhoods and are people of color.
Arts and culture are an important component of overall quality of life for every person on earth. Access to cultural resources and connections – or the lack thereof – shapes many aspects of our nation’s society. It also influences economic outcomes, as economists who study the role of “human capital” in wealth-building and opportunity creation have identified.
We asked black-white interracial couples to test home appraisers for bias. Here’s what they experienced.
Lending for home purchases and refinancing was already slowing down in 2021, when cash-out loans to home owners spiked.
