Black Homeowners Are Left Behind By Banks — Again

When Myron McKeller set out in 2020 to refinance the $159,000 mortgage he had on his three-bedroom townhouse, he didn’t even bother with his lender, Wells Fargo.

The 32-year-old software sales engineer had attempted to refinance with Wells Fargo two years earlier, but was instead directed into a loan modification and ended up paying a 5.125% interest rate after an appraisal that felt at odds with what he was seeing in the market.