Tag: mortgage

Housing and Urban Development Secretary Marcia Fudge

HUD Secretary Marcia Fudge Says Student Loan Debt Is a Major Hurdle for Black Homeownership

Black Americans are saddled with an overwhelming majority of the nation’s $1.7 trillion student debt — and according to Department of Housing and Urban Development (HUD) Secretary Marcia Fudge, that debt is one of the key factors preventing Black Americans from buying and owning their own home. Business Insider’s Ayelet…

Black homeownership grows

Home Ownership Among Black Americans Increased Significantly in 2020 — But Rates Still Lag Dramatically Behind Whites

While the COVID-19 pandemic struck all Americans, Black men and women took the biggest hit, suffering greater levels of unemployment, poverty, food insecurity and even death from the virus than other races. But while all this was happening, something interesting and unexpected took place as well — homeownership for Blacks,…