#NNPA BlackPress
Prepare for purchasing and closing on a home
NNPA NEWSWIRE — You’ve reviewed your spending plan, been preapproved for a mortgage, and made an offer on the home of your dreams. Now, it’s time to close — the final steps before transferring of the property deed to your name after satisfying all the conditions of the purchase contract. Here are some things to consider as you finalize your purchase.
Once you’ve found the right property, learn what you can expect ahead of the actual purchase and closing.
You’ve reviewed your spending plan, been preapproved for a mortgage, and made an offer on the home of your dreams. Now, it’s time to close — the final steps before transferring of the property deed to your name after satisfying all the conditions of the purchase contract. Here are some things to consider as you finalize your purchase.
What should happen leading up to the purchase?
- Schedule a home inspection and appraisal. This is something your lender might require you to do before providing a mortgage, depending on the state you live in. Some lenders want to make sure the home is worth the purchase price and that there isn’t any structural issue that may cause problems, which is also in your own interests.
- Don’t open any new accounts during this crucial time, because it could impact your financing if your credit takes a hit. Opening a new account is a hard inquiry on your credit, causing a dip in your score. It may also lower the average age of your all your accounts. If you need help reading your credit report, take a look at the resources on the Hands on Banking® website.
Prepare your documents for the closing
Double-check that you have everything your lender asked for, or else the completion of your loan and purchase may be postponed:
- About three days before closing, you’ll likely receive closing documents. This package will include copies of everything you’ve turned in to your lender, as well as additional documents and paperwork you should read over.
- Review the closing documents to understand all the terms of financing, and the responsibilities of the lender, seller, and buyer. Take note of what you can do if your lender or seller does anything you haven’t agreed to, and don’t sign documents without fully understanding them.
- Also prepare your:
- Required documents, which typically include a government-issued photo ID, copy of the contract, home inspection reports, and proof of homeowners insurance.
- Banking paperwork laying out your means of paying back the loan, and your down payment funds.
What are some things to expect at closing?
Multiple parties will be present at the closing, such as:
- Your and the seller’s real estate agent. The real estate agents may choose to attend to ensure the closing transaction goes through.
- An escrow company. Depending on your location, an escrow officer may need to be present to handle funds that need to be exchanged.
- Your attorney and/or the seller’s attorney. In some states, an attorney may need to be present to complete the legal transfer of the title.
- Your lender. Your lender may be present to ensure the transaction goes smoothly.
Here are some examples of items you may consider reviewing before you close:
- With your lender, confirm if anything has changed since approval, such as your annual percentage rate (APR) — i.e., your interest rate — or any other term.
- With the seller, confirm:
- Copies of repair receipts
- Utility company information
- Trash and recycling collection days
When you’re ready, you and the seller will sign off on the purchase documents, and you will sign off on the loan documents. You may be required to wire your funds, or you may need to bring in a cashier’s check for closing costs.
After the closing documents are completed and the funds have been transferred, you’ll receive the keys to your new home.
© 2019 Wells Fargo Bank, N.A. All rights reserved.
#NNPA BlackPress
Trump Set to Sign Largest Cut to Medicaid After a Marathon Protest Speech by Leader Jeffries
BLACKPRESSUSA NEWSWIRE — The bill also represents the biggest cut in Medicare in history and is a threat to the health care coverage of over 15 million people. The spending in Trump’s signature legislation also opens the door to a second era of over-incarceration in the U.S.

By Lauren Burke
By a vote of 218 to 214, the GOP-controlled U.S. House passed President Trump’s massive budget and spending bill that will add $3.5 trillion to the national debt, according to the Congressional Budget Office (CBO). The bill also represents the biggest cut in Medicare in history and is a threat to the health care coverage of over 15 million people. The spending in Trump’s signature legislation also opens the door to a second era of over-incarceration in the U.S. With $175 billion allocated in spending for immigration enforcement, the money for more police officers eclipsed the 2026 budget for the U.S. Marines, which is $57 billion. Almost all of the policy focus from the Trump Administration has focused on deporting immigrants of color from Mexico and Haiti.
The vote occurred as members were pressed to complete their work before the arbitrary deadline of the July 4 holiday set by President Trump. It also occurred after Democratic Leader Hakeem Jeffries took the House floor for over 8 hours in protest. Leader Jeffries broke the record in the U.S. House for the longest floor speech in history on the House floor. The Senate passed the bill days before and was tied at 50-50, with Republican Senator Lisa Murkowski saying that, “my hope is that the House is gonna look at this and recognize that we’re not there yet.” There were no changes made to the Senate bill by the House. A series of overnight phone calls to Republicans voting against, not changes, was what won over enough Republicans to pass the legislation, even though it adds trillions to the debt. The Trump spending bill also cuts money to Pell grants.
“The Big Ugly Bill steals food out of the hands of starving children, steals medicine from the cabinets of cancer patients, and equips ICE with more funding and more weapons of war than the United States Marine Corps. Is there any question of who those agents will be going to war for, or who they will be going to war against? Beyond these sadistic provisions, Republicans just voted nearly unanimously to close urban and rural hospitals, cripple the child tax credit, and to top it all off, add $3.3 trillion to the ticking time bomb that is the federal deficit – all from a party that embarrassingly pretends to stand for fiscal responsibility and lowering costs,” wrote Congressional Black Caucus Chairwoman Yvette Clarke (D-NY) in a statement on July 3.
“The Congressional Budget Office predicts that 17 million people will lose their health insurance, including over 322,000 Virginians. It will make college less affordable. Three million people will lose access to food assistance through the Supplemental Nutrition Assistance Program (SNAP). And up to 16 million students could lose access to free school meals. The Republican bill does all of this to fund tax breaks for millionaires, billionaires, and corporations,” wrote Education and Workforce Committee ranking member Rep. Bobby Scott (D-VA) in a statement. The bill’s passage has prompted Democrats to start thinking about 2026 and the next election cycle. With the margins of victory in the U.S. House and U.S. Senate being so narrow, many are convinced that the balance of power and the question of millions being able to enjoy health care come down to only several thousand votes in congressional elections. But currently, Republicans controlled by the MAGA movement control all three branches of government. That reality was never made more stark and more clear than the last seven days of activity in the U.S. House and U.S. Senate.

#NNPA BlackPress
Congressional Black Caucus Challenges Target on Diversity
BLACKPRESSUSA NEWSWIRE — we found that the explanations offered by the leadership of the Target Corporation fell woefully short of what our communities deserve and of the values of inclusion that Target once touted

By Stacy M. Brown
Black Press USA Senior National Correspondent
Target is grappling with worsening financial and reputational fallout as the national selective buying and public education program launched by the Black Press of America and other national and local leaders continues to erode the retailer’s sales and foot traffic. But a recent meeting that the retailer intended to keep quiet between CEO Brian Cornell and members of the Congressional Black Caucus Diversity Task Force was publicly reported after the Black Press discovered the session, and the CBC later put Target on blast.
“The Congressional Black Caucus met with the leadership of the Target Corporation on Capitol Hill to directly address deep concerns about the impact of the company’s unconscionable decision to end a number of its diversity, equity, and inclusion efforts,” CBC Chair Yvette Clarke stated. “Like many of the coalition leaders and partner organizations that have chosen to boycott their stores across the country, we found that the explanations offered by the leadership of the Target Corporation fell woefully short of what our communities deserve and of the values of inclusion that Target once touted,” Congresswoman emphasized. “Black consumers contribute overwhelmingly to our economy and the Target Corporation’s bottom line. Our communities deserve to shop at businesses that publicly share our values without sacrificing our dignity. It is no longer acceptable to deliver promises to our communities in private without also demonstrating those values publicly.”
Lauren Burke, Capitol Hill correspondent for Black Press of America, was present when Target CEO Cornell and a contingent of Target officials arrived at the U.S. Capitol last month. “It’s always helpful to have meetings like this and get some candid feedback and continue to evolve our thinking,” Cornell told Burke as he exited the meeting. And walked down a long hallway in the Cannon House Office Building. “We look forward to follow-up conversations,” he stated. When asked if the issue of the ongoing boycott was discussed, Cornell’s response was, “That was not a big area of focus — we’re focused on running a great business each and every day. Take care of our teams. Take care of the guests who shop with us and do the right things in our communities.”
A national public education campaign on Target, spearheaded by Dr. Benjamin F. Chavis Jr., president and CEO of the National Newspaper Publishers Association (NNPA), the NNPA’s board of directors, and with other national African American leaders, has combined consumer education efforts with a call for selective buying. The NNPA is a trade association that represents the more than 220 African American-owned newspapers and media companies known as the Black Press of America, the voice of 50 million African Americans across the nation. The coalition has requested that Target restore and expand its stated commitment to do business with local community-owned businesses inclusive of the Black Press of America, and to significantly increase investment in Black-owned businesses and media, Historically Black Colleges and Universities (HBCU, Black-owned Banks, national Black Church denominations, and grassroots and local organizations committed to improving the quality of life of all Americans, and especially those from underserved communities. According to Target’s latest earnings report, net sales for the first quarter of 2025 fell 2.8 percent to $23.85 billion compared to the same period last year. Comparable store sales dropped 3.8 percent, and in-store foot traffic slid 5.7 percent.
Shares of Target have also struggled under the pressure. The company’s stock traded around $103.85 early Wednesday afternoon, down significantly from roughly $145 before the controversy escalated. Analysts note that Target has lost more than $12 billion in market value since the beginning of the year. “We will continue to inform and to mobilize Black consumers in every state in the United States,” Chavis said. “Target today has a profound opportunity to respond with respect and restorative commitment.”
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