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astec lifesciences limited (astec) hits 52 week high ✌️【Stock Trading】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. Mary McDuffie, the CEO of Navy Federal Credit Union, met with three members of the Congressional Black Caucus who havedemanded answersin the wake of 【 - Free Stock Market Query 】’s reporting on racial disparities in the lender’s mortgage approvals. She told them that an external review the credit union commissioned had preliminarily found that the disparities were mostly explained by other factors, a spokesperson said.

But members of Congress said they still had concerns about the mortgage practices ofNavy Federal, which has more than 13 million members and lends to military servicemembers, defense personnel, veterans and their families.

“We’re trying to achieve the goal of closing the racial wealth gap in America,” said Rep. Steven Horsford, a Nevada Democrat, after meeting with McDuffie. “You cannot do that with practices like this that deny equal opportunity to homeownership.”

astec lifesciences limited (astec) hits 52 week high ✌️【Stock Trading】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. A【 - Free Stock Market Query 】 investigationpublished in December found that Navy Federal approved more than 75% of the White borrowers who applied for a new conventional home purchase mortgage in 2022 while approving less than 50% of Black borrowers who applied for the same type of loan, according to the most recent federal data available.

astec lifesciences limited (astec) hits 52 week high ✌️【Stock Trading】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. Related articleThe nation’s largest credit union rejected more than half its Black conventional mortgage applicants

astec lifesciences limited (astec) hits 52 week high ✌️【Stock Trading】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. The nearly 29-percentage-point gap in Navy Federal’s approval rates was the widest of any of the 50 lenders that originated the most mortgage loans in 2022. The disparity remained even after accounting for variables available in public mortgage data such as applicants’ income, debt-to-income ratio and property value, 【 - Free Stock Market Query 】’s review found.

astec lifesciences limited (astec) hits 52 week high ✌️【Stock Trading】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. McDuffie met for about an hour Thursday with Horsford, the chair of the Congressional Black Caucus; Rep. Emanuel Cleaver of Missouri, the ranking Democrat on the House Subcommittee on Housing and Insurance; and Rep. Sydney Kamlager-Dove of California.

astec lifesciences limited (astec) hits 52 week high ✌️【Stock Trading】✌️ Free stock selection service with expert predictions and real-time market insights, providing you with the best investment strategies for long-term success. A Navy Federal spokesperson said in a statement that McDuffie shared with the House members the results of a “preliminary analysis” from an external review the credit union initiated showing that the racial disparity in approval rates “drops to around 1% when all other factors that we consider when approving home loans are incorporated, including credit score, verified income, and property information.” The spokesperson did not provide additional details or data supporting the analysis.

astec lifesciences limited (astec) hits 52 week high ✌️【Stock Trading】✌️ Real-time updates on global stock trends and expert market analysis to help you select profitable stocks and grow your wealth effectively. Navy Federal has previously argued that 【 - Free Stock Market Query 】’s analysis is incomplete because it did not include applicants’ credit scores or information about their available cash deposits or relationship history with the lender – none of which is publicly available in the public federal data. The credit union has declined to provide 【 - Free Stock Market Query 】 any data that would make it possible to analyze those factors.

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But Cleaver told 【 - Free Stock Market Query 】 after the meeting that McDuffie and other Navy Federal representatives “could not provide an answer” explaining the racial disparities in mortgage approvals, and that he hoped to hear more from them in the future. “We’re expecting to have another meeting with them, we’re expecting to get facts this time,” he said.

Horsford said that the members “asked very specific questions about the timeline” of Navy Federal’s external review, and found the responses from Navy Federal “inadequate.”

“Time is of the essence, because every single day that they don’t change or update their protocols is a servicemember, and particularly a Black or Latino servicemember, who is facing denials,” he said.

astec lifesciences limited (astec) hits 52 week high ✌️【Stock Trading】✌️ Professional advisors provide accurate market predictions with real-time stock indices, exchange rates, and futures data to help you seize investment opportunities and grow your capital. Navy Federal has also noted that a higher percentage of its mortgage loans go to Black borrowers than most other large lenders. But Horsford said Thursday that that excuse didn’t address “the issue of denials.”

“More than 40% of our servicemembers, active duty, are people of color,” he said. “So yeah, they are one of the leading lenders and mortgage lenders for Black home loans – because they have a higher percentage of servicemembers who are their membership. It should be higher.”

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astec lifesciences limited (astec) hits 52 week high ✌️【Stock Trading】✌️ Free stock market analysis and real-time data to help you select the best investment portfolio and achieve stable returns. And ten Democratic senators have separatelyaskedfederal regulators to examine Navy Federal’s mortgage practices, citing both 【 - Free Stock Market Query 】 and a separate analysis of public mortgage data by Senate banking committee staff that also found racial disparities in its lending.

astec lifesciences limited (astec) hits 52 week high ✌️【Stock Trading】✌️ Expert predictions with real-time stock trends, futures prices, and exchange rate changes to help you select stocks accurately and increase investment returns. Navy Federal is also facing a federal class-actionlawsuitfrom mortgage applicants who cite 【 - Free Stock Market Query 】’s reporting and allege that the credit union discriminated against them. A judge approved a motion to consolidate three separate lawsuits against the credit union into a single case last month.

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