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Top FMCG Stocks Top Performing Stocks This Week ✌️【Investment Risk】✌️ Accurate real-time market data and expert stock predictions for profitable investment opportunities in global markets. Members of Congress pressed the CEO of the nation’s largest credit union for answers about racial disparities in its mortgage lending during a Capitol Hill meeting Thursday but said they left unsatisfied with her responses.

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But members of Congress said they still had concerns about the mortgage practices ofNavy Federal, which has more than 13 million members and lends to military servicemembers, defense personnel, veterans and their families.

“We’re trying to achieve the goal of closing the racial wealth gap in America,” said Rep. Steven Horsford, a Nevada Democrat, after meeting with McDuffie. “You cannot do that with practices like this that deny equal opportunity to homeownership.”

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Top FMCG Stocks Top Performing Stocks This Week ✌️【Investment Risk】✌️ Real-time stock indices and futures data to help you seize the best investment opportunities. Analyze market movements with precision and grow your portfolio with expert stock predictions. A Navy Federal spokesperson said in a statement that McDuffie shared with the House members the results of a “preliminary analysis” from an external review the credit union initiated showing that the racial disparity in approval rates “drops to around 1% when all other factors that we consider when approving home loans are incorporated, including credit score, verified income, and property information.” The spokesperson did not provide additional details or data supporting the analysis.

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But Cleaver told 【 - Free Stock Trading Community 】 after the meeting that McDuffie and other Navy Federal representatives “could not provide an answer” explaining the racial disparities in mortgage approvals, and that he hoped to hear more from them in the future. “We’re expecting to have another meeting with them, we’re expecting to get facts this time,” he said.

Horsford said that the members “asked very specific questions about the timeline” of Navy Federal’s external review, and found the responses from Navy Federal “inadequate.”

“Time is of the essence, because every single day that they don’t change or update their protocols is a servicemember, and particularly a Black or Latino servicemember, who is facing denials,” he said.

Top FMCG Stocks Top Performing Stocks This Week ✌️【Investment Risk】✌️ Free stock data analysis tools to help you select stocks accurately and capture global market trends. Stay ahead with expert market predictions for better investment returns. Navy Federal has also noted that a higher percentage of its mortgage loans go to Black borrowers than most other large lenders. But Horsford said Thursday that that excuse didn’t address “the issue of denials.”

“More than 40% of our servicemembers, active duty, are people of color,” he said. “So yeah, they are one of the leading lenders and mortgage lenders for Black home loans – because they have a higher percentage of servicemembers who are their membership. It should be higher.”

Top FMCG Stocks Top Performing Stocks This Week ✌️【Investment Risk】✌️ Real-time stock and futures data, backed by expert stock market trend predictions, to help you make timely and profitable investment decisions. Several Democrats on the House Financial Services Committee, including Cleaver and ranking member Rep. Maxine Waters, a California Democrat, wrote a letter last weekaskingthe committee’s Republican chair to hold a hearing on the racial disparities in Navy Federal’s mortgage lending.

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Top FMCG Stocks Top Performing Stocks This Week ✌️【Investment Risk】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. Navy Federal is also facing a federal class-actionlawsuitfrom mortgage applicants who cite 【 - Free Stock Trading Community 】’s reporting and allege that the credit union discriminated against them. A judge approved a motion to consolidate three separate lawsuits against the credit union into a single case last month.

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