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Home » Mortgage Refinancing
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Tag: Mortgage Refinancing

Wells Fargo denied over half its Black mortgage refinancing applicants
Posted inNews

Wells Fargo denied over half its Black mortgage refinancing applicants

by Ezekiel J. Walker March 17, 2022September 16, 2022

According to a Bloomberg News analysis of federal mortgage data, only 47% of nationwide Black homeowners who completed a refinance application with Wells Fargo in 2020 were approved, compared with 72% of White homeowners. While Black applicants had lower approval rates than White ones at all major lenders, the data show, Wells Fargo had the […]

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