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

American Indians and Native Hawaiians Mortgages Shot Down Half the Time

 


Neither American Indians nor Native Hawaiians received half of the mortgages they applied for last year, though Hawaiians came to within a hair of it.

Native Americans (including Alaska Natives) received 46 percent of the loans they applied for, according to data lenders filed with the federal government. They applied for 70,000 mortgages in 2015 and received 32,500, the data show.

Native Hawaiians (including indigenous Pacific Islanders from Guam and American Samoa) applied for 49,000 and were successful in 24,600 cases, or a rate of 49.95 percent.

Read more at http://indiancountrytodaymedianetwork.com/2016/11/27/american-indians-and-native-hawaiians-mortgages-shot-down-half-time-166563

 

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