NOTE: This episode originally aired in December 2022.
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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 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.

Read more: Big US Banks Fall Short on Promises to Create Black Homeowners

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.

This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Michael Falero, Sound Design/Engineer: Gilda Garcia.

NOTE: This episode originally aired in December 2022. --- 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 <a href="https://www.google.com/search?client=safari&amp;rls=en&amp;q=shawn+donnan&amp;ie=UTF-8&amp;oe=UTF-8">Shawn Donnan</a> joins 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.
Read more: <a href="https://bloom.bg/3YyRgDA">Big US Banks Fall Short on Promises to Create Black Homeowners</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 bigtake@bloomberg.net. This episode was produced by: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Michael Falero, Sound Design/Engineer: Gilda Garcia.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Team Favorite: Banks Vowed To Help Black Homebuyers. What Happened?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d66100ab-dd92-421e-b059-b02300d82d89/transcript

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