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Eagle Nationwide Mortgage

Fha Refinance Rates North Carolina

closing costs. Teamed up with Eagle Nationwide Mortgage Company which is a subsidary of Eagle National Bank. Eagle National Bank is a federally ...

Why is there bipartisan support in the Senate to cover up evidence of discrimination in banking?

The data suggests that many banks do not - so banks are trying to get rid of the data.

Some of the HMDA data reporting is a relatively new requirement for an industry that has a long and dark history of discrimination. The reporting requirements were strengthened in the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was passed after the 2008 financial crisis.

Today, the data shows dramatic discrepancies in loan denials for minorities compared to white applicants. In Philadelphia, qualified black applicants were almost three times as likely to be denied a home mortgage compared to white applicants. The HMDA data from 2015 and 2016 shows a trail of denials to minorities in Atlanta, Detroit, Philadelphia, St. Louis, San Antonio and other cities across the nation.

This suggests discrimination in lending is a nationwide problem that deserves more scrutiny, not less.

HMDA data is also used as evidence of discrimination in legal actions to force banks to change their practices.

Canadian Stocks Are Down As Commodity Prices Fall - Canadian Commentary

( - The Canadian stock market is down in early trade Thursday, extending its losses from the previous session. Gold stocks are leading the way lower this morning as commodity prices have weakened.

Traders are keeping a close eye on today's testimony from Federal Reserve Chairman Jerome Powell. Powell's comments before Congress earlier this week sparked concerns that the Fed may raise interest rates more than previously estimated.

Markets in Europe are trading firmly in negative territory Thursday, extending yesterday's losses. Mixed earnings reports have contributed to the negative mood among investors.

Markets on Wall Street are dipping in early trade Thursday, extending the losses from the previous two days. Traders are in a cautious mood as Federal Reserve Chairman Jerome Powell begins his second day of testimony on Capitol Hill.

The benchmark S&P/TSX Composite Index is down 28 points or 0.18 percent at 15,414.68.

On Wednesday, the index closed down 228.47 points or 1.46 percent, at 15,442.68. The index scaled an intraday high of 15,726.10 and a low of 15,442.04.