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

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

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

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