Estimated reading time: 0 minutes, 21 seconds

Citigroup Bets On Digital Mortgage Tech to End Racial Disparity

As part of a plan to close the racial wealth gap, Citigroup has announced that it plans to invest in digital mortgage technology. So reports Bloomberg.

CitiThe move arrived as Citigroup said it processed a lower rate of applications and originations for Black and Hispanic homeowners in 2020, despite an increase for Asian consumers.

Citigroup has promised $550 million to bolster homeownership for people of color.

Read the full article from Bloomberg

Read 1584 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.