The biggest U.S. bank said it issued $6 billion in loans that kept open affordable housing and rental units across the country, and that another $4 billion went into refinancing 16,000 mortgages for Black and Latino borrowers
In a progress report Tuesday, the nation’s biggest bank said it had issued $6 billion in loans that kept open affordable housing and rental units across the country, and issued $1 billion in loans to build more. It said another $4 billion went into refinancing 16,000 mortgages for Black and Latino borrowers.
The original plan called for $2 billion in new small-business lending and 40,000 home loans in minority communities. The bank didn’t specify its progress on those figures, though it reiterated the targets. To make those loans, it said it added branches to minority neighborhoods, created new jobs and is developing new loan products.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Companies pledged billions toward racial justice in 2020. Tracking where all the money went is ‘almost impossible.’Facebook, Amazon, Google and other companies made big public pledges, but have kept some of the details on the money private.
Leer más »
Chrissy Teigen Shares How Luna and Miles Are Coping With Loss of Brother Jack One Year Later - E! OnlineThe cookbook author shares how she and her family, including kids Luna and Miles, are dealing with the loss of Jack one year later.
Leer más »
Facebook Profits Rise Amid Revelations From Leaked DocumentsThe social media network's net income grew 17% in the July-September period to $9.19 billion, buoyed by strong advertising revenue, up from $7.85 billion a year ago.
Leer más »
Sheriff: Newly ID'd Gacy victim's death was news to familyAuthorities say a North Carolina man who moved to Chicago was one of the victims of John Wayne Gacy, who was convicted of killing 33 young men and boys in the 1970s
Leer más »
Facebook Pledges $10 Billion to Metaverse Project, As Mark Zuckerberg Signals New FocusThe CEO of the social media giant said the plan to focus on young adults will take years, and will mean that its user growth will be impacted in coming months and years.
Leer más »
Race-blind redistricting? Democrats incredulous at GOP mapsAfter suits alleging racial gerrymandering, Republicans drawing legislative maps in Texas, Ohio and North Carolina say they won't use racial or partisan data.
Leer más »