Excerpted by Nicholas Stix
N.S.: Someone needs to sue these SOBs for violating the Civil Rights Act.
Wells Fargo Commits to Increase African American Homeownership [Wells Fargo PR Release]
ATLANTA – February 28, 2017
Wells Fargo & Company (NYSE: WFC), the leading U.S. home loan lender, today announced a $60 billion lending commitment to create at least 250,000 African American homeowners by 2027.
The company’s commitment is a direct action to help address the lower homeownership rates in the African American community and follows Wells Fargo’s announcement to address Hispanic homeownership rates in 2015. Wells Fargo’s commitment seeks to:
Lend $60 billion to qualified African American consumers for home purchases by 2027, Increase the diversity of the Wells Fargo Home Lending sales team, and Support the effort with $15 million to support a variety of initiatives that promote financial education and counseling over the next ten years.
[Read the rest here.]