KeyBank continued the age-a lot of time refuge out-of generating Black and low-earnings homeownership inside the 2022, a diagnosis of the very most recent federal research on the financial financing suggests.
Black consumers constructed just 2.6% of one’s Cleveland-founded bank’s household purchase home loan lending during the 2022, off out-of 3% the entire year previous. KeyBank might have been pulling straight back out-of help Black colored homeownership every year just like the 2018, whenever 6.5% of its house purchase money decided to go to a black colored debtor.
KeyBank made 19.2% of their home get money towards 12 months so you can lower- and you may moderate-money (LMI) individuals, down of 19.7% into the 2021.