Post‑WWII federal mortgage programs often excluded Black borrowers, shaping long‑term gaps in credit and wealth. EG‑funded research published in @nature.com uses archival records to show who received federal mortgage guarantees. Read more @ucsantabarbara.bsky.social:
Exclusionary federal mortgage lending widened racial wealth gap in the USA deep dive of federal record-keeping found that government-back lending practices in the 1930's and '40s were biased against Black borrowers, according to a new study published in Nature.news.ucsb.edu