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U S watchdog says Black, Hispanic homeowners more distressed than whites

Black and Hispanic U.S. mortgage borrowers are much more likely to be delinquent or in a "forbearance" program than white borrowers, highlighting how the COVID-19 crisis is exacerbating systemic racial disparities, according to new data from the Consumer Financial Protection.

U S watchdog says Black, Hispanic homeowners more likely to be in forbearance program

Article content WASHINGTON Black and Hispanic U.S. mortgage borrowers are much more likely to be delinquent or in a “forbearance” program than white borrowers, highlighting how the COVID-19 crisis is exacerbating systemic racial disparities, according to new data from the Consumer Financial Protection Bureau (CFPB). In a pair of new reports published Tuesday analyzing 2020 mortgage complaints, the agency found that 33% of homeowners in mortgage holidays or “forbearance” programs and 27% of delinquent borrowers, identify as Black or Hispanic, while only 18% of the total population of mortgage borrowers identify as Black or Hispanic. We apologize, but this video has failed to load.

Sherrod Brown quickly shifts Senate Banking panel s course

Sherrod Brown quickly shifts Senate Banking panel s course
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