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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.

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