Oct 16
2024
KeyBank approving more mortgages for Black borrowers
Story was updated Oct. 18 to reflect the current relationship between KeyBank and the National Community Reinvestment Coalition. After years of criticism over its lending record to Black homebuyers, KeyBank is reporting a sharp increase in the number of mortgages granted to African-American applicants in the Erie-Niagara region. The latest data obtained through the federal Home Mortgage Disclosure Act shows that in 2023 KeyBank made 48 loans in the two counties, compared to 12 the year before. “All the progress that we have made over time is the result of just being able to listen to the community,” said Chiwuike[...]