Has any Bank EVER Done this Type of Thing for Black Home Buyers?

Tae

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Interesting.....:sas1:

DES MOINES, Iowa —Wells Fargo Home Mortgage announced Tuesday its support of the National Association of Hispanic Real Estate Professionals' "Hispanic Wealth Project," which seeks to triple Hispanic household wealth over the next decade.

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Wells Fargo announced the project includes a projected $125 billion in mortgage originations and $10 million to support initiatives to promote financial education and counseling for Hispanic homebuyers.

According to a news release, Wells Fargo also announced the goal of increasing the number of Hispanic home mortgage consultants on its sales team.

"Homeownership is a vehicle through which many people build wealth and financial stability," said Brad Blackwell, head of portfolio lending for Wells Fargo Home Mortgage. "Homebuying and its downstream benefits can help improve neighborhoods, local businesses, and the overall economy. As the nation's leading home mortgage lender to racially and ethnically diverse homebuyers, including Hispanics, we support NAHREP in this important mission and want to demonstrate our efforts to do more to increase homeownership to these communities."

The NAHREP Hispanic Wealth Project Blueprint focuses on three component goals to facilitate Hispanic wealth creation: a 50-percent or greater rate of U.S. Hispanic homeownership, a 50-percent increase in the first-year success rate of Hispanic-owned businesses, and a 25-percent increase in the number of Hispanic households owning non-cash financial assets such as stocks, bonds, mutual funds and 401(k) accounts.

Dimas DeLeon is an Iowa real estate agent. He said the National Association of Hispanic Real Estate Professionals Hispanic Wealth Project and its financial support from Wells Fargo will put Hispanics nationwide and here in Iowa on the path toward home ownership.

"That is their American dream to live in a home for their family, for their future, their kids future -- it's a really big deal for them," said DeLeon.

Wells Fargo announcing $125 billion effort to help homebuyers
 
The God Poster

The God Poster

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Tae said:
Interesting.....:sas1:

DES MOINES, Iowa —Wells Fargo Home Mortgage announced Tuesday its support of the National Association of Hispanic Real Estate Professionals' "Hispanic Wealth Project," which seeks to triple Hispanic household wealth over the next decade.

Other Stories
WATCH VIDEO

Wells Fargo announced the project includes a projected $125 billion in mortgage originations and $10 million to support initiatives to promote financial education and counseling for Hispanic homebuyers.

According to a news release, Wells Fargo also announced the goal of increasing the number of Hispanic home mortgage consultants on its sales team.

"Homeownership is a vehicle through which many people build wealth and financial stability," said Brad Blackwell, head of portfolio lending for Wells Fargo Home Mortgage. "Homebuying and its downstream benefits can help improve neighborhoods, local businesses, and the overall economy. As the nation's leading home mortgage lender to racially and ethnically diverse homebuyers, including Hispanics, we support NAHREP in this important mission and want to demonstrate our efforts to do more to increase homeownership to these communities."

The NAHREP Hispanic Wealth Project Blueprint focuses on three component goals to facilitate Hispanic wealth creation: a 50-percent or greater rate of U.S. Hispanic homeownership, a 50-percent increase in the first-year success rate of Hispanic-owned businesses, and a 25-percent increase in the number of Hispanic households owning non-cash financial assets such as stocks, bonds, mutual funds and 401(k) accounts.

Dimas DeLeon is an Iowa real estate agent. He said the National Association of Hispanic Real Estate Professionals Hispanic Wealth Project and its financial support from Wells Fargo will put Hispanics nationwide and here in Iowa on the path toward home ownership.

"That is their American dream to live in a home for their family, for their future, their kids future -- it's a really big deal for them," said DeLeon.

Wells Fargo announcing $125 billion effort to help homebuyers
Click to expand...
Not sure how to feel:patrice:

Especially when our people getting denied loans before we walk in the door
 
Tae

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The God Poster said:
Not sure how to feel:patrice:

Especially when our people getting denied loans before we walk in the door
Click to expand...

I wonder how Afro-Latinos will fare in all of this? :ohhh:
The truth of the matter is that many people see Latinos as more worthy of something like this because the are hard workers who will work for pennies, are all about family and community, while all blacks want are handouts and have not done anything to deserve help. :yeshrug:
 
Red Shield

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:ohhh:

Claude Anderson talked about us being a permanent underclass for 25+ years....

We're nearly.. hell maybe already outta time.
 
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They just put on in subprime loans, even though we qualified for prime mortgages.

Its a dirty game. :cheers:
 
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Tae said:
I wonder how Afro-Latinos will fare in all of this? :ohhh:
The truth of the matter is that many people see Latinos as more worthy of something like this because the are hard workers who will work for pennies, are all about family and community, while all blacks want are handouts and have not done anything to deserve help. :yeshrug:
Click to expand...

Yall nikka overplay this AFROLATINO nonsense.

Guess race most dark latinos have marked down on legal documents??

:sas2:






WHITE!:martin:
 
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Banks have done things for black people, but had to be sued first. Never made it a *thing* to go after black people.

NACA - sued BOA and other large banks for the subprime garbage to get advantageous loans for black people. That's the best place for new homebuyers. They have a solid program to ensure you aren't buying too much house.

Hispanics have crafted a large economic block to force action on their behalf. Black people have not. The companies just pay off Jesse, Al, or <insert civil rights relic> to get us off their backs.
 
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