Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Bright Spot in Indian Mortgages: Indian-Owned Banks

 


Is there any good new in the annual federal mortgage data that tracks home loan finance for American Indians? There is, but you have to go looking for it.

Previous articles in this series have shown that Indians have been underrepresented for 2014 mortgages wherever they have been looked for—in national, state and county data. But some banks owned or controlled by Indians give Natives loans in percentages well above their approximately two percent of the population. They include Bank2, Oklahoma City (Chickasaw Nation), Bay Bank, Green Bay, Wisconsin (Oneida Nation of Wisconsin) and Lumbee Guarantee Bank, Pemberton, North Carolina (started by members of the Lumbee Nation).

Read more at http://indiancountrytodaymedianetwork.com/2016/01/08/bright-spot-indian-mortgages-indian-owned-banks-162973

 

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