Big US Banks’ Efforts to Help Black Homebuyers Fall Short
Written by Black Hot Fire Network on December 20, 2022
The 2900 block of Walbrook Avenue in Baltimore is a study in contrasts. Row houses with tidy yards stand next to abandoned brick shells and rundown rental buildings. Residents describe a dwindling community of working-class Black homeowners with ties going back generations. Property records tell another story, one about America’s racial wealth gap and the banks that walked away.
Wells Fargo & Co., once the nation’s biggest home lender, has held mortgages on six houses on the block in recent decades, according to those records. Bank of America . . .
