and yet another clear example of systemic racism (for those who keep asking for examples)
Navy Federal, the nation’s largest credit union, has been rejecting more than half of Black applicants for mortgage loans.
More than that — white applicants with income of $62,000 are more likely to be approved than a Black applicant making $140,000 (!!!!) even when debt-to-income ratio, property value, downpayment percentage, and neighborhood characteristics – were the same.