In the aftermath of the 2008 financial crisis, some of the biggest mortgage lenders in the US promised to extend billions in new loans to Black homebuyers. That hasn’t happened. Instead, the numbers are going in the opposite direction. 

Bloomberg senior economics writer Shawn Donnan joins Wes this episode to talk about why banks have fallen short of the goal–and what it means for families across the country. Dedrick Asante-Muhammad of the National Community reinvestment Coalition also joins to spell out what needs to be done to fix the problem.

Learn more about this story here: https://bloom.bg/3YyRgDA

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

In the aftermath of the 2008 financial crisis, some of the biggest mortgage lenders in the US promised to extend billions in new loans to Black homebuyers. That hasn’t happened. Instead, the numbers are going in the opposite direction. Bloomberg senior economics writer Shawn Donnan joins Wes this episode to talk about why banks have fallen short of the goal–and what it means for families across the country. Dedrick Asante-Muhammad of the National Community reinvestment Coalition also joins to spell out what needs to be done to fix the problem.
Learn more about this story here: <a href="https://bloom.bg/3YyRgDA">https://bloom.bg/3YyRgDA</a> 
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: <a href="https://bloom.bg/3F3EJAK">https://bloom.bg/3F3EJAK</a> 
Have questions or comments for Wes and the team? Reach us at <a href="mailto:bigtake@bloomberg.net">bigtake@bloomberg.net</a>.

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Each weekday, Big Take brings you a story - one big, important story. We talk to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what's happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology - we cover it all.

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Banks Vowed To Help Black Homebuyers. What Happened?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/92ac2e8e-5a2a-47fb-b815-af70017c478f/transcript

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