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GWSS 300 Final. Women of color are the most likely to hold subprime mortgages, 5X more likely than men in the same income bracket. African American women are 256% more likely to hold a subprime loan than white men.
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Owning a home is more than just being able to afford the mortgage. You have to have great credit, gainful employment, earnings relative to the home.
Staying on the jobs theme, Pontiac-based mortgage lender United Shore is looking to hire 800 people this year. And going back to Wayne State, researchers there will study fatbergs after winning an.
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The 33-year-old African-American woman was refused a mortgage twice by lenders when she tried to buy a house in Philadelphia. One of the worst offending banks was TD Bank, which turned down 54 percent of black homebuyers and 45 percent of Latino homebuyers, more than three times the industry averages, according to the data.
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