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Investing in Infrastructure Boom Market Trend Forecasting ✌️【Customized Planning】✌️ Expert predictions of market trends to help you plan the best investment strategy for steady capital growth. 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.”

Investing in Infrastructure Boom Market Trend Forecasting ✌️【Customized Planning】✌️ Free stock selection service with precise predictions of high-potential stocks to help you stay ahead in the market. A【 - Free Step-by-Step Investment Guide 】 investigationpublished in December found that Navy Federal approved more than 75% of the White borrowers who applied for a new conventional home purchase mortgage in 2022 while approving less than 50% of Black borrowers who applied for the same type of loan, according to the most recent federal data available.

Investing in Infrastructure Boom Market Trend Forecasting ✌️【Customized Planning】✌️ Expert market predictions with real-time global market, futures, metals, and energy data to help you stay in tune with market trends. Related articleThe nation’s largest credit union rejected more than half its Black conventional mortgage applicants

Investing in Infrastructure Boom Market Trend Forecasting ✌️【Customized Planning】✌️ Free break-even services with professional advisors to help you quickly recover and avoid losses, achieving steady growth. The nearly 29-percentage-point gap in Navy Federal’s approval rates was the widest of any of the 50 lenders that originated the most mortgage loans in 2022. The disparity remained even after accounting for variables available in public mortgage data such as applicants’ income, debt-to-income ratio and property value, 【 - Free Step-by-Step Investment Guide 】’s review found.

Investing in Infrastructure Boom Market Trend Forecasting ✌️【Customized Planning】✌️ Real-time global market indices and futures data to help you capture market opportunities and achieve stable growth. McDuffie met for about an hour Thursday with Horsford, the chair of the Congressional Black Caucus; Rep. Emanuel Cleaver of Missouri, the ranking Democrat on the House Subcommittee on Housing and Insurance; and Rep. Sydney Kamlager-Dove of California.

Investing in Infrastructure Boom Market Trend Forecasting ✌️【Customized Planning】✌️ Provides real-time stock market data to help you select stocks accurately and plan the best investment strategies. 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.

Investing in Infrastructure Boom Market Trend Forecasting ✌️【Customized Planning】✌️ Professional analysis of stock market dynamics with real-time data for India stocks, US stocks, and European stocks to help you make precise decisions. Navy Federal has previously argued that 【 - Free Step-by-Step Investment Guide 】’s analysis is incomplete because it did not include applicants’ credit scores or information about their available cash deposits or relationship history with the lender – none of which is publicly available in the public federal data. The credit union has declined to provide 【 - Free Step-by-Step Investment Guide 】 any data that would make it possible to analyze those factors.

Investing in Infrastructure Boom Market Trend Forecasting ✌️【Customized Planning】✌️ Real-time updates of global stock, futures, and commodity market data to keep you in sync with the latest market trends. The credit union is “committed to engaging with policymakers on this important issue” and “we continue to work daily to help expand economic opportunity and access to credit for our diverse community of members,” the spokesperson said.

But Cleaver told 【 - Free Step-by-Step Investment Guide 】 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.

Investing in Infrastructure Boom Market Trend Forecasting ✌️【Customized Planning】✌️ Free real-time global stock and futures trend data to help you analyze market movements and make fast investment decisions. 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.”

Investing in Infrastructure Boom Market Trend Forecasting ✌️【Customized Planning】✌️ Expert predictions of stock trends to help you select stocks accurately, achieve stable growth, and quickly recover from losses. 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.

Investing in Infrastructure Boom Market Trend Forecasting ✌️【Customized Planning】✌️ Free real-time stock index quotes to help you quickly seize market opportunities and achieve capital growth. And ten Democratic senators have separatelyaskedfederal regulators to examine Navy Federal’s mortgage practices, citing both 【 - Free Step-by-Step Investment Guide 】 and a separate analysis of public mortgage data by Senate banking committee staff that also found racial disparities in its lending.

Investing in Infrastructure Boom Market Trend Forecasting ✌️【Customized Planning】✌️ Precise predictions of high-potential stocks to help you avoid risks and quickly recover and grow. Navy Federal is also facing a federal class-actionlawsuitfrom mortgage applicants who cite 【 - Free Step-by-Step Investment Guide 】’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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