Comfort Boateng sorts through two large boxes of mortgage and financial papers. Photo: Michel du Cille/The Washington Post via Getty Images

A significantly smaller percentage of African Americans owned a home in 2017 than white Americans, according to an annual report from Harvard's Joint Center for Housing Studies — only 43%, compared to 72% of their white counterparts.

The big picture: The Washington Post's Jonnelle Marte reports that despite the housing market making progress in recovery from the financial crisis, the gap between white and black households is still there.

Between the lines: Chief economist of Veritas Urbis Economics, Ralph McLaughlin, told the Post that there is an extensive history of African Americans being hindered from owning homes by unfair housing policies.

  • Since the financial crisis, banks and other loan lenders "added more consumer protections and raised the qualifications for mortgages," the Post reports, which "resulted in an overcorrection that made it especially difficult for people of color...to break into the market."

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Senate advances Amy Coney Barrett nomination, setting up final confirmation vote

Photo: Xinhua/Ting Shen via Getty Images

The Senate voted 51-48 on Sunday to advance the Supreme Court nomination of Judge Amy Coney Barrett, setting up a final confirmation vote for Monday.

Why it matters: It's now virtually inevitable that the Senate will vote to confirm President Trump's third Supreme Court nominee before the election, which is just nine days away.

Felix Salmon, author of Capital
2 hours ago - Economy & Business

Wall Street is living up to its bad reputation

Illustration: Sarah Grillo/Axios

Recent headlines will have you convinced that Wall Street is hell-bent on living up to all of its stereotypes.

Driving the news: Goldman Sachs is the biggest and the boldest, paying more than $5 billion in fines in the wake of the 1MDB scandal, in which billions were stolen from the people of Malaysia.

2 hours ago - Health

Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk

Former FDA commissioner Scott Gottlieb said "the short answer is yes" when asked whether Vice President Mike Pence is putting others at risk by continuing to campaign after several aides tested positive for COVID-19, stressing that the White House needs to be "very explicit about the risks that they're taking."

Why it matters: The New York Times reports that at least five members of Pence's inner circle, including his chief of staff Marc Short and outside adviser Marty Obst, have tested positive for the virus. Pence tested negative on Sunday morning, according to the VP's office, and he'll continue to travel for the final stretch of the 2020 campaign.