NAREB: GSE Lending to Blacks Decreased Post-Crisis
August 19, 2016
Access to homeownership has been cut short for African-Americans who made up a smaller share of GSE-eligible loan originations over the past decade or so, according to the National Association of Real Estate Brokers.In a report released this week, the minority-based trade group analyzed data from the Home Mortgage Disclosure Act, covering 2004-2014, and concluded that African-American families continue to lose ground in the mortgage market. The NAREB report said that mortgage loans given to African-American borrowers have a lower chance of being sold to Fannie Mae or Freddie Mac, compared with loans obtained by non-Hispanic white borrowers.