Phil Bell: A $100 Cost That Could Lock Millions Out Of Homeownership

Phil Bell: A $100 Cost That Could Lock Millions Out Of Homeownership

“The Black homeownership rate stood at about 45.9% in 2023, compared with roughly 73.8% for non-Hispanic White Americans. This gap underscores how mortgage underwriting and the policies that govern access to credit continue to shape economic opportunity in ways that matter deeply to families and communities.” In a commentary published at The Mortgage Note, Project 21 Ambassador Phil Bell makes a compelling argument for preserving the “tri-merge”…