As Refis Dry Up, Mortgage Firms Vow to Lend More to Minority Borrowers

National Mortgage News, Oct. 22, 2021–Kate Berry (subscription)
But just as lenders are lamenting the challenges of a rising-rate environment, the industry is pivoting to focus on diversity and inclusion. Reaching out to more minority borrowers is one way to grow market share but it also supports social justice issues that many banks and lenders embraced in the aftermath of the murder of George Floyd.