JPMorgan is calling for reforms
to stop systemic racial bias in housing
JPMorgan Chase is throwing its considerable weight
behind efforts to root out racial bias in the appraisal of homes in America.
"There are systematic barriers in housing —
and we have a role to play in addressing them,"
said Heather Higginbottom, president of the JPMorgan Chase Policy Center
and co-head of global philanthropy, to CNN Business.
JPMorgan is calling for reforms
to stop systemic racial bias in housing
That's because buying a home requires savings for a down payment
and owning a home is the most common way to build wealth.
But, homes in majority-Black neighborhoods are valued on average
$48,000 *LESS* (-23%) than those with few or no Black residents,
according to a 2018 Brookings Institution analysis.
This problem has amounted to $156 billion in cumulative losses, Brookings found.
Most black neighborhoods are shit holes that have been destroyed and neglected by Democrat politicians for the last 50 years. I think that’s relevant in an appraisal.
Did they mention how black people are disproportionately on welfare? Buying a home not only requires savings and a down payment, buying a home also requires A JOB.
JPMorgan is calling for reforms
to stop systemic racial bias in housing
That's because buying a home requires savings for a down payment
and owning a home is the most common way to build wealth.
But, homes in majority-Black neighborhoods are valued on average $48,000 *LESS* (-23%) than those with few or no Black residents, according to a 2018 Brookings Institution analysis.
This problem has amounted to $156 billion in cumulative losses, Brookings found.
continued...
"Discrimination and bias in appraisals contribute to inequity in housing values and adversely affect a critical source of wealth accumulation for minority families," Michael Hsu, acting Comptroller of the Currency, said Tuesday at a virtual event on home appraisal bias.
"The impact is large and cannot be ignored."
continued...
And the Gap is getting worse, not better!
The Black homeownership rate is just 42% in the United States today,
compared with 72% for White Americans, according to the Urban Institute.
Incredibly, that 30-percentage-point gap is larger than it was in 1968
— when housing discrimination was actually legal!
JPMorgan is calling for reforms
to stop systemic racial bias in housing
JPMorgan Chase is throwing its considerable weight
behind efforts to root out racial bias in the appraisal of homes in America.
"There are systematic barriers in housing —
and we have a role to play in addressing them,"
said Heather Higginbottom, president of the JPMorgan Chase Policy Center
and co-head of global philanthropy, to CNN Business.
perhaps jp morgan can brings this to more light than before
not holding my breath though
JPMorgan is calling for reforms
to stop systemic racial bias in housing
That's because buying a home requires savings for a down payment
and owning a home is the most common way to build wealth.
But, homes in majority-Black neighborhoods are valued on average
$48,000 *LESS* (-23%) than those with few or no Black residents,
according to a 2018 Brookings Institution analysis.
This problem has amounted to $156 billion in cumulative losses, Brookings found.
huge gap
i wonder if the gop is ok with this
JPMorgan is calling for reforms
to stop systemic racial bias in housing
That's because buying a home requires savings for a down payment
and owning a home is the most common way to build wealth.
But, homes in majority-Black neighborhoods are valued on average
$48,000 *LESS* (-23%) than those with few or no Black residents,
according to a 2018 Brookings Institution analysis.
This problem has amounted to $156 billion in cumulative losses, Brookings found.
huge gap
i wonder if the gop is ok with this
It is believed that trump-worshippers are fully in support of the gap, yes.
Does this article have anything to do with the Federal Housing securities down over 60% on the stock market today? Or is this just a way to divert attention?
But as Fubah says... ThE StOcK MaRkEt Is BeTtEr WiTh DeMs iN OfFiCe"
FEDs last week - "there is no housing bubble. Rates will stay the same the economy is fine, there is no inflation"
Anyone remember 08'?
Because you can trust everything CNN says.
Fubah should submit is resume there. He'll fit right in.
huge gap i wonder if the gop is ok with this
Gap is getting worse, not better!
The Black homeownership rate is just 42% in the United States today,
compared with 72% for White Americans, according to the Urban Institute.
Incredibly, that 30-percentage-point gap is larger than it was in 1968
— when housing discrimination was actually legal!
The experience of Carlette Duffy put an exclamation point on these appraisal issues.
The appraised value of Duffy's Indianapolis home *MORE THAN DOUBLED* on a
second attempt, after she concealed she is Black, by removing family photos and
other items that indicated she is balck.
Duffy had a White friend pose as her brother and meet the second appraiser,
and only communicated via email.
You can't believe it, because there is NOTHING there that shows anyone as being racist. There goes Kelly, making shit up to try to bring someone down. Typical Lib.
JPMorgan puts $30B toward fixing banking’s ‘systemic racism’
CHARLOTTE, N.C. (AP) — JPMorgan Chase said Thursday it will extend billions
in loans to Black and Latino homebuyers and small business owners in an
expanded effort toward fixing what the bank calls “systemic racism”
in the country’s economic system.
“Systemic racism is a tragic part of America’s history,”
said JPMorgan Chase CEO Jamie Dimon in a statement.
“We can do more and do better to break down systems
that have propagated racism and widespread economic inequality.”
the rightwing racist-supporting trolls r out in full force today 
Apparently. 
Not sure their agenda but I wouldn't believe a word of it if they stated it anyway, since trolls are trolls.
they dont really have a coordinated agenda
just troll the politics forum
What percent of black people are on welfare?
What percent of white people are on welfare?
JPMorgan puts $30B toward fixing banking’s ‘systemic racism’
CHARLOTTE, N.C. (AP) — JPMorgan Chase said Thursday it will extend billions
in loans to Black and Latino homebuyers and small business owners in an
expanded effort toward fixing what the bank calls “systemic racism”
in the country’s economic system.
“Systemic racism is a tragic part of America’s history,”
said JPMorgan Chase CEO Jamie Dimon in a statement.
“We can do more and do better to break down systems
that have propagated racism and widespread economic inequality.”
its about time private companies did more to combat the systemic racism in america that the rumplickers deny
Exactly.
Established in 1995,
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