Rigid Credit Score Standards Hold Back Housing Recovery
Over the last six years, more than half of all black and Latino wealth has been lost because of the housing crisis. As a result, few black and Latino families have perfect credit. This problem is likely to continue for some time, given that the credit scores of many well-educated black and Latino mi...
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Veröffentlicht in: | National Mortgage News 2014-07, Vol.38 (41), p.14 |
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description | Over the last six years, more than half of all black and Latino wealth has been lost because of the housing crisis. As a result, few black and Latino families have perfect credit. This problem is likely to continue for some time, given that the credit scores of many well-educated black and Latino millennials have been or will be impacted by student loan burdens that often exceed $100,000. |
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source | EBSCOhost Business Source Complete |
subjects | African Americans Business conditions Civil rights Credit bureaus Credit ratings Credit scoring Dwellings Economic recovery Financial institutions Hispanic people Home ownership Housing Leadership Millennials Mortgage companies Mortgages Personal finance Target markets Veterans |
title | Rigid Credit Score Standards Hold Back Housing Recovery |
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