>>> GOOD EVENING.

ALVIN REID, RAY HARTMANN.

>> I GET A LOT OF PHONE CALLS AND E-MAILS, AND THE REALTORS WAS APOLOGIZING AND VERY FEW THINGS MAKE ME SAY WOW.

>> AND KATIE, AND WILL ARE HERE.

HE IS WITH THE EQUAL HOUSING.

>> KATIE, I'M GOING TO START WITH YOU.

>> OKAY.

>> I'M GOING TO READ PART OF IT.

THE LEADERSHIP AT ST. LOUIS REALTORS OFFERS AN APOLOGY.

THE DISCRIMINATION THAT THE BLACK COMMUNITY WAS SUB SUBJECTED TO -- SUPPORTED BY THE BANKING SYSTEM AND THE REAL ESTATE INDUSTRY AND DRIVEN BY PRACTICES.

THESE POLICIES RESULTED IN DUAL HOUSING MARKETS FOR WHITE AND BLACK FAMILIES IN THE ST. LOUIS AREA.

>> OKAY.

THAT IS HEAVY.

>> IT IS.

WHY DO YOU DECIDE TO DO THAT AND NOW?

>> WE WANT TO BE GOOD COMMUNITY MEMBERS.

WE LIVE IN THE COMMUNITY NEXT TO YOU, PROBABLY.

IN ORDER TO BE GOOD PARTNERS IN THIS COMMUNITY, IT WAS TIME TO SAY WE WERE SORRY.

IT REALLY CAME FROM A MEMBER WHO SAID THIS IS SOMETHING YOU NEED TO DO.

WE SPENT A YEAR THINKING ABOUT IT AND SAID IT IS TIME TO APOLOGIZE.

AND NOT JUST APOLOGIZING, BUT DO REDRESSING.

>> WERE YOU AWARE THIS WAS COMING?

DID YOU FIND OUT THE SAME TIME WE DID?

>> THEY KIND OF INFORMED A COUPLE OF WEEKS BEFORE WHEN I SUBSCRIBED TO BEING ONE OF THE SPEAKERS.

THE IMPACT DIDN'T HIT ME THE DAY OF.

IT HIT ME OVER THE HEAD LIKE A TON OF BRICKS THAT THEY WOULD ACTUALLY DO THIS.

I WAS NOT FOCUSED IN ON WHAT WAS ABOUT TO HAPPEN UNTIL THE DAY OF.

>> WAS THIS CONTENTIONS AMONG YOUR MEMBERS?

I HAVE BEEN INVITED TO SPEAK PLACES AND THE BOARD VOTED 7-5 TO INVITE YOU TO COME.

WAS IT A VOTE?

AND IF NOT, WAS IT THERE A PUSH-BACK WITHIN THE ORGANIZATION?

>> WELL, SO, OUR BOARD VOTED UNANIMOUSLY TO DO IT.

WE ARE LESS CONTENTIOUS THAN YOU.

I GUESS.

IT WAS A LONG CONVERSATION WITH OUR MEMBERS.

THERE WERE OVER 9000 OF IN SAINT LOUIS.

WE CAN'T AGREE ON EVERYTHING.

IT WAS A UNANIMOUS DECISION.

IT IS SOMETHING THAT ARE GLAD WE DID.

>> OKAY.

INSURANCE INDUSTRY, BANKING INDUSTRY, AUTOMOTIVE INDUSTRY, KANSAS CITY NEWSPAPER, NEW YORK TIMES AND THE DISPATCH HAS NOT.

THE OTHERS LISTED HAVE.

I'M SURE YOU HAD SOMETHING TO SAY WHY ARE WE DOING THIS.

ONE OF THE CALLS I MADE, AM I GOING TO BE READING ABOUT OTHER REALTOR ORGANIZATIONS IN THE NEXT WEEK IN THE UNITED STATES?

MAYBE THEY ARE THE FIRST OF A WAVE?

WAS INFORMED THAT THIS IS UNIQUE TO ST. LOUIS.

I MEAN, IT DOES PUT YOU OUT ON FRONT STREET, AS THEY SAY.

>> WELL, WE ARE NOT THE FIRST TO APOLOGIZE.

IN 2020, CHARLIE WAS THE PRESIDENT OF THE NATIONAL ASSOCIATION OF REALTORS.

HE MADE AN APOLOGY.

AND THE CHICAGO BOARD OF REALTORS.

I'M NOT SURE IF THEY HAVE DONE IT IN THE SAME WAY OR SAY THIS IS WHAT WE ARE GOING TO DO MOVER FORWARD.

IT IS NICE THAT WE HAD A TEMPLATE, IF YOU WILL.

>> WILL, I WANT TO HEAR ABOUT YOUR ORGANIZATION.

I DON'T WANT TO LEAVE THE TOPIC.

YOU OBVIOUSLY ARE, BY THE NAME, YOU WORK FOR EQUAL HOUSING.

THIS IS AN ISSUE IN ST. LOUIS.

>> OH, YEAH.

>> TELL US ABOUT WHAT YOU DO.

>> I HAVE BEEN RUNNING THIS FOR 30 YEARS.

WE ARE A FAIR HOUSING NOT-FOR-PROFIT, FUNDED BY HUD, WORK WITH KNOW GRANTS IN THE STATE AND SMALLER MUNICIPALITIES.

WHAT WE DO IS KIND OF LIKE WATCH DOGS.

WE ARE ON THE FENCE.

WE HAVE ATTORNEYS AND FAIR HOUSING SPECIALISTS THAT INVESTIGATE ISSUES.

FOR EXAMPLE, THERE WAS A CASE YEARS AGO, GUNMANDECKER AGAINST EHOCK.

EVERY TIME A HOUSE IS SOLD TO A BLACK PERSON, THEY SEND OUT SOMETHING AND THE WHITE PEOPLE MOVE OUT.

IT WAS TRUE.

WE STUDIED THEM FOR TWO YEARS.

AND CAME BACK, TALK TO YOUR PEOPLE, WE ARE ABOUT TO GO TO COURT.

TWO YEARS LATER, THEY WERE STILL DOING IT.

A CONSERVATIVE JUDGE, DIDN'T CARE FOR OUR APPROACH OF TESTING.

AND ONE OF THE SUMMARY JUDGMENT HE WAS GOING TO MAKE, IT DOESN'T LIKE HE WAS GOING TO DESTROY THE FAIR HOUSING CASE LAW FOR THE COUNTRY.

IT SHOULD HAVE BEEN A 16 MILLION DOLLARS CASE, WE SETTLED FOR ONE HUNDRED THOUSAND DOLLARS.

MOST OF THAT WENT TO THE ATTORNEYS.

WE BOTCHED UP FAIR HOUSING.

THE REASON YOU DON'T KNOW ABOUT THIS, WE TRIED TO STAY OUT OF THE NEWS UNTIL WE CAN SHOW THE RESULTS.

WE ARE ONE OF THE BEST FAIR HOUSING ORGANIZATIONS IN THE UNITED STATES, AS PER HUD AND THE BLUE RIBBON AWARD WE WON A FEW YEARS AGO.

MORE THAN THAT, WE WORK WITH REDLINING CASES.

YOU CAN SEE BANKS POPPING UP IN MARTIN LUTHER KING.

THAT WAS OUR SLEEPER GROUP.

AND PEOPLE DON'T KNOW THE WORK WE ARE DOING BEHIND THE SCENES AND WE HAVE BEEN WORKING WITH THE REALLY SECTOR -- REALTOR.

>> WE WOULD COME UP AGAINST -- AND WE WOULD LOSE EVERY TIME.

EVERY TIME MRS. DUNNTOOK OVER, THINGS STARTED TO CHANGE AND TO UNDERSTAND THE ISSUES OF ALL OF THE CLIENTS.

IT WAS A CHANGE.

TEN YEARS AFTER THAT, AND THEY ARE ISSUING AN APOLOGY AND A 22-STEP.

WE HAVE BEEN WATCHING THEM.

WE HAVE BEEN SUING MUNICIPALITIES.

WE CAME AGAINST THEM AGAIN LATER ON AND WE HAVE BEEN DEALING WITH MAPLE WOOD AND A LOT OF JURISDICTIONS THAT TRY TO RESTRICT AFRICAN AMERICAN SINGLE MOMS FROM RENTING HOMES.

THEY HAVE BEEN ON THE WALLS FOR US FOR TEN YEARS.

PEOPLE DON'T KNOW THAT ABOUT THE REALTORS.

THEY WERE AGAINST US AND NOW THEY ARE WITH US.

IT MAKES SENSE THEY ISSUE THIS APOLOGY.

>> YOU DID MORE THAN THAT, YOU HAVE A PLAN FOR THE FUTURE.

I FORGOT THE NAME.

TELL ME AGAIN.

AND THE STEPS, LIKE, HIRING YOUR FIRST DIRECTOR THAT IS IN CHARGE OF THIS PLAN.

TELL US ABOUT THAT.

>> IT IS REIMAGINING ST. LOUIS PLAN.

IT LAYS OUT 22 STEPS; INCLUDING LEGISLATIVE STEPS GETTING THOSE RESTRICTIVE COVENANTS OFF OF DEEDS.

THEY ARE STILL ON THERE.

THEY ARE ILLEGAL.

YOU CAN BUY A HOUSE AND SEE THAT I'M NOT ALLOWED TO BUY THIS HOUSE.

I'M NOT ALLOWED IN THIS NEIGHBORHOOD.

I HAVE HAD AGENTS IN MY OFFICE WHO HAD CLIENTS INTERESTED IN BUYING A HOUSE AND SAID, WILL MY KIDS BE SAFE?

WILL THEIR FRIENDS BE SAFE.

THEY ENDED UP NOT BUYING A HOUSE THERE AND THE RESIDENTS PROBABLY HAD NO IDEA THAT THEY ARE ON THE DEEDS.

THIS WILL GET THEM OFF THE DEEDS.

AND WORKING ON LAND BANKS THROUGHOUT THE STATE AND COUNTY AND CLEAR TITLE LEGISLATION.

WE HAVE GOT THOSE LEGISLATIVE GOALS.

I WOULD ADD, NOT RELATED TO RIGHTING THE WRONGS THAT WE DO AS FAR AS THE BLACK COMMUNITY, WE ARE SUPPORTING MO MONA.

IT IS STILL LEGAL TO DISCRIMINATE ON HOUSING BASED ON THEIR SEXUAL IDENTITY.

WE WANT TO SEE THAT ILLEGAL.

>> WE ARE WORKING ON EDUCATION.

WILL TALKS ABOUT KAREN DUNN WHO HAS DONE A GREAT JOB.

SHE IS ROLLING OUT CLASSES THAT HAS TO DO BOTH FAIR HOUSING AND BIAS.

PEOPLE KNOW, OH, I NEED TO BE MORE AWARE OF THAT AND NOT REPEATING THE MISTAKE.

THAT'S HUGE.

>> AND WORKING WITH NEIGHBORHOOD PARTNERS IN COMMUNITIES THAT HAVE BEEN UNDER-RESOURCED AND CREATE MORE BLACK HOMEOWNERS.

>> DID YOU HELP TO CRAFT THE PLAN?

>> NO, WE DIDN'T -- THEY HAD INPUT BASED ON OUR RELATIONSHIPS THAT WE HAVE HAD IN THE LAST 10 YEARS AND UNDERSTANDING THE NEEDS.

WE DIDN'T HAVE DIRECT INPUT ON THE PLAN.

>> I WOULD SAY, NATE JOHNSON, PRESIDENT OF THE SAINT LOUIS REALTORS.

HE LED THE TASK FORCE.

>> LIKE ALVIN, I WAS SURPRISED TO SEE THIS IN THE INBOX.

I DON'T REMEMBER SEEING ANYTHING IN THE INBOX FROM THE BANKING INDUSTRY.

WHICH I THINK OF REDLINING, I MEAN, IT IS AMAZING.

HAVE YOU INTERACTED WITH THE BANKING INDUSTRY?

WHERE DO THEY FIT IN?

IF PEOPLE CAN'T GET LOANS AND FAIR TREATMENT, THE QUESTION, HOW FAR CAN YOU GO WITH YOUR PLAN?

>> RIGHT.

WE DIDN'T THIS ALONE.

THE RACISM WAS NOT ONLY US, THE BANKING INDUSTRY, THE FEDERAL AND LOCAL GOVERNMENT.

SO, THAT -- I HAVE NOT HEARD FROM THE BANKS.

HOPEFULLY -- MAYBE, MR. JORDAN HAS.

>> I HAVE, IN FACT.

>> OKAY.

>> BRIAN GIBSON, WHO IS THE COMMUNITY REINVESTMENT BANKER FOR FIRST MED WHO BOUGHT -- AND OUR SUBSIDIARY.

WE PROTESTED THE BUYING OF THE BANK BECAUSE OF THE HISTORICAL -- WE ENTER INTO AN AGREEMENT.

AND BRIAN CALLS UP, KATIE, THAT ISSUED THE APOLOGY, THAT'S GREAT.

WHAT CAN WE DO TO PARTNER WITH THEM IN ORDER TO GET OUR PRODUCTS AND SERVICES TO AFRICAN AMERICAN IN THE NORTH CITY TO HELP THEM TO GIVE THEM SOME MONEY BEHIND THE PROMISES THAT THEY HAVE TO REVERSE THE REDLINING AND THE THINGS THAT HAVE HAPPENED.

THEY ARE COMMITTED.

>> EXCUSE ME -- THEY ARE FROM NORTHERN ILLINOIS?

>> THAT'S RIGHT.

>> IS THERE ANY BANK -- I'M SORRY -- BASED IN ST. LOUIS THAT IS CHEERFULLY ON BOARD WITH THIS?

[LAUGHTER.]

>> YOU HAVE THE BANK FROM WASHINGTON, MISSOURI, NORTH SIDE, WHATEVER EVERYONE THINKS ABOUT THAT TO GET INVOLVED.

WHEN THE FIRST LOCALLY-BASED BANK GOING TO STEP UP?

>> THERE HAVE BEEN A FEW ALREADY.

MIDWEST BANK.

OR KIMBRO.

HE IS NOW THEIR CEO.

THERE WAS A PROGRESSIVE NUMBERS OF ACTS THAT HAPPENED BEFORE HE BECAME THE CEO.

HE HAS MADE A HARD COMMITMENT TO HELPING BLACK BUSINESSES, HOMEOWNERS, AND THEY HAVE A BANK ON PAGE, THEY HAVE A PAGE ON MARTIN LUTHER KING.

THAT'S HUGE.

THAT IS THE RESULT OF THE WORK WE HAVE DONE.

AND WE HAVE WORKED WITH THEM IN THE PAST AND PROMISED TO DO THAT TYPE OF WORK.

AND HIRING PEMBROKE.

>> THERE ARE A FEW OTHERS THAT TRYING TO BE ON THE WALL.

>> TWENTY FIVE WORDS OR LESS, WHAT IS REDLINING?

>> REDLINING IS WHEN YOU DON'T ISSUE LOANS TO AFRICAN AMERICANS IN CERTAIN AREAS OR ISSUE IT AS MUCH HIGHER INTEREST RATES, MUCH HIGHER COST.

STRIPPING OPPORTUNITY AND WEALTH OUT OF THE AFRICAN AMERICAN COMMUNITY.

AND THAT HAPPENED IN ST. LOUIS FOR A LONG TIME.

AT THE HANDS OF THE FEDERAL HOME LOAN ASSOCIATION, THE FEDERAL GOVERNMENT, BANKS, REALTORS.

IT WAS HAPPENING FOR YEARS AND YEARS IN ST. LOUIS.

YOU COULDN'T BUY A HOUSE IN CERTAIN AREAS BECAUSE YOU WERE NOT ALLOWED.

YOU COULD BUY A HOUSE IN AN ALL-BLACK AREA.

BUT COULDN'T IN A WHITE NEIGHBORHOOD.

>> NO MATTER HOW MUCH MONEY OR GOLD STAR CREDIT?

>> NOPE, YOU COULDN'T GET IT.

>> I CALLED A REALTOR AND I AM GOING TO SELL IT.

I SAY THAT I WILL NOT SELL IT TO A WHITE PERSON.

YOU BRING A WHITE PERSON HERE, I WON'T SELL IT TO A WHITE PERSON.

WHAT WILL THEY DO?

>> THEY WILL SAY I CAN'T WORK WITH YOU.

FEDERAL FAIR HOUSING WORKS BOTH WAYS.

IT DOESN'T JUST PROTECT BLACK HOMEOWNERS FROM RACIST WHITE HOME SELLERS.

IT DON'T EDIT IN THE REVERSE, THERE'S A WHOLE LIST OF THEM THAT YOU CAN'T DISCRIMINATE AGAINST.

EITHER WAY.

>> OKAY.

>> I PUT A SPIN ON THAT.

[LAUGHTER.]

>> I SEE.

>> I SEE WHAT YOU WERE DOING.

I DIDN'T KNOW WHERE HE WAS GOING.

[LAUGHTER.]

>> HOW MUCH IS IN THE PAST TENSE?

HOW MUCH, YOU KNOW, WE HAVE TALKED ABOUT THE HISTORY, THE APOLOGY, HOW MUCH OF IT IS IN PAST TENSE AND HOW MUCH IN THE PRESENT TENSE AS WELL?

>> WELL, I AM VERY HAPPY THAT WE HAVE THE EQUAL HOUSING.

BECAUSE THEY HELP ACT AS A WATCH DOG.

I WANT TO SAY IT IS IN THE PAST.

BUT WE KNOW THE BLACK RATE OF HOME OWNERSHIP HAS NOT INCREASED SINCE THE FAIR ACT HAS PASSED.

THAT IS HOLDING STEADY SENSE 1968 AND DROPPING SOME.

IT IS NOT ONLY IN THE PAST, CERTAINLY, OTHER CODE OF ETHICS WOULD PROHIBIT THAT IF ANYONE IS CATCHING SOMEONE DOING THAT.

WE WANT THEM TO TURN THEM IN.

AND HUD WOULD COME AFTER THEM.

CALL THE WATCH DOGS.

WE WANT THOSE ACTORS OUT OF OUR INDUSTRIES AND BE EDUCATED AND FACE PUNISHMENT.

IT IS OFTEN NOT OUT THERE IN THE OPEN.

IF YOU PUT A RED LINE ON THE MAP TODAY, YOU WILL GET FINED AS A BANK.

>> ONE OF THE THINGS WE KNOW, THE REALTOR'S ASSOCIATION HAS BEEN AT THE TABLE FOR TEN YEARS.

NOW YOU ARE SEEING IT.

WE WERE WORKING WITH BANKS.

SOME WE HAD TO DRAG TO THE TABLE KICKING CAN SCREAMING.

SOME ARE IN ARKANSAS AND NOT ST. LOUIS.

>> WE HAVE OTHER INDUSTRIES THAT WE CAN'T GET AHOLD OF.

THEY ARE MAKING A NEGATIVE IMPACT.

YOU BUY A HOUSE NORTH OF DELMA DELMAR.

THERE WERE APPRAISALS WILL NOT LOOK NORTH -- THERE IS A CIRCLE.

THERE IS A HALF CIRCLE.

ALL OF THE TIME.

IT IS ILLEGAL, IT IS SO HARD TO PROVE BECAUSE THERE'S INDUSTRY STANDARDS.

BANKS HAVE CRA, REALTORS HAVE HAD FAIR HOUSING ACT.

WHAT TYPE OF ACCOUNTABILITY WHO HAVE AN INFLUENCE ON WHAT HAPPENS NORTH OF DELMAR DELMAR.

THAT APPRAISAL INDUSTRY IS WE HAVE ISSUES THAT ARE LOOKING IN NORTH COUNTY AND ST. LOUIS, AND THEY APPRAISE HOUSES SO FAR BELOW, NOT EVEN WHAT ANOTHER APPRAISAL.

THE ADDRESS IS IN SAINT LITER OR SAINT CHARLESTON -- PETER'S OR CHARLES COUNTY.

>> IT IS NOT ALWAYS THE PERSON'S CHOICE WHO THE APPRAISER IS.

IF YOU WANT TO GET AN APPRAISER, IT IS HELPFUL TO KNOW WHO THE APPRAISERS ARE.

IS THERE SOMEONE PEOPLE CAN GO AS A RESOURCE, SAY, HERE'S THE FOLKS WE HAVE PUT ON NOTICE.

IT IS HARD FOR YOU TO DO?

>> IT IS HARD FOR US TO DO.

MOST OF THE TIME THE BANKS ARE ORDERING THE APPRAISERS.

IT IS WHO THE BANKS LIKE TO USE.

>> I TALKED TO A FRIEND OF MINE WHO IS CLOSE TO THIS INDUSTRY TODAY AND HE HAPPENS TO BE A PERSON OF COLOR.

HE IS JADDED.

IT IS GREAT WHAT YOU ARE DOING.

IS THAT ALL THERE IS?

HOW IS THIS GOING TO AFFECT ME AND MY COMMUNITY GOING FORWARD?

HOW DO YOU REACT TO THAT?

>> WORDS WITH WORDS.

WE HOPE THAT WE CAN CONVINCE SOME PEOPLE THROUGH ACTIONS.

AND THAT TAKES TIME.

AND WE ALSO KNOW THAT THIS IS NOT A ONE-DAY PROJECT OR TWO-DAY PROJECT.

YEARS FROM NOW, WELL SAY WHAT DO WE DO NEXT?

>> THEY ARE TAKING STORIES ABOUT APPRAISERS AND WE ARE LOOKING INTO THAT.

>> SO, BUT WE CANNOT -- THAT'S NOT AN INDUSTRY THAT WE SUPERVISE.

>> IT IS INDEPENDENT.

>> THE BIDEN ADMINISTRATION AND THE FEDERAL GOVERNMENT IS GETTING INVOLVED IN THAT MARSHALL FUDGE AND HUD.

>> THE HOUSING MARKET ITSELF, IT THAT HELPING IN THAT, PEOPLE ARE SELLING THEIR HOUSES AND YOU ARE HELPING SELL HOUSES AND A LOT OF THEM ARE, YOU KNOW, LIKE, BEEN ON THE MARKET TWO YEARS.

I OWN A HOUSE, MAYBE I START PUTTING ASIDE SOME OF MY FEELINGS BECAUSE I WANT TO SELL THE HOUSE.

IS THAT HELPING, WHERE SOME OF THE STUFF IS -- I DON'T CARE WHO BUYS MY HOUSE.

BECAUSE I WANT SOMEBODY TO BUY MY HOUSE.

IT IS HELPING?

>> THE MARKET RECENTLY, PEOPLE HAVE BEEN GETTING MULTIPLE OFFERS.

THEY ARE NOT SITTING THERE.

WHEN I PRESENT OFFERS TO MY CLIENTS IN A MULTIPLE OFFERS SITUATION, I DO IT BLINDLY, THEY DON'T SEE A NAME, THAT IT IS ONE PERSON, ONE TWO, TWO FEMALES, TWO MALES, IT DOESN'T LIKE THEY ARE FROM ST. LOUIS, OR WHATEVER.

I DO IT BLINDLY, SO WE CAN SIT THERE AND LOOK AT THE NUMBERS AND LOOK AT THE CLOSING DATES.

IT IS NOT ALWAYS ABOUT NUMBERS.

THERE ARE OTHER TERMS THAT MATTER.

I KNOW THAT WE HAVE PRESENTED THIS IN A FAIR WAY.

>> I LIVED AND WORKED IN ARKANSAS FOUR YEARS.

S SIMONES BANK HAS CHANGED THEIR TUNE.

IT WAS FROM THE '80S.

>> LITTLE ROCK HAD THIS PROBLEM.

THEY WERE THE BIGGEST LENDER IN THAT AREA AT THAT TIME.

AND THEY WERE ON THE WRONG SIDE OF THE FENCE.

LET'S PUT IT THAT WAY.

>> THEY HAVE CHANGED.

>> I KNOW GEORGE THERE AND THEY HAVE MADE A HUGE CHANGE.

THEY HIRED A WOMAN, AFRICAN AMERICAN WOMAN IN LITTLE ROCK, HER NAME IS MARTY NORTH.

SHE HAS ROCKED THE ENTIRE BANK AND EFFECTED -- THEY HAVE SOME OF THE BEST FIRST TIME HOME BUYER PRODUCTS IN THE COUNTRY.

>> ALL RIGHT.

[LAUGHTER.]

I WAS NOT SKEPTICAL.

THIS IS LATE' 80S.

THEY ARE AWESOME.

>> GO AHEAD.

>> I WANT TO RESUME BEATING MY DEAD HORSE HERE.

YOU MENTIONED SIMMONS.

THEY ARE A GOOD EXAMPLE.

THE ORIGINAL CIVIL RIGHTS PROTEST, THE MOST FAMOUS WAS NOT THAT BANK, BILL -- LEAD IT.

IT WAS NOT A BANK.

>> THE BANK.

>> IT WAS OVER HIRING PRACTICES.

THE POINT IS, AT WHAT POINT UNDER THE HEADING OF ACTION ARE BANKS SPECIFICALLY GOING TO BE CALLED OUT AND HELD TO ACCOUNT PUBICALLY?

FOR EXAMPLE, IF THERE ARE A GROUP OF APPRAISERS, IT IS NOT AN EXACT SCIENCE, THAT ARE USED BY CERTAIN BANKS AND PATTERNS THAT ARE STILL REDLINING, WHEN I'M GUESSING THERE ARE -- >> YES.

>> -- TALKING TO THEM WHEN THE PUBLIC DOESN'T NOW?

>> THAT'S GOOD.

>> IS THAT SOMETHING YOU CAN DO?

WHERE DO YOU GET TO WHERE AT SOME POINT IT IS NOT JUST A BANK?

>> WE ARE DOING THAT.

SLEEPER IS OUT THERE.

THEY HAVE A WEBSITE, ST. LOUIS SLEEKRA.

YOU CAN LOOK AT THE COMMUNITY BENEFITS, THE ONES WHO BOUGHT THE BANK AND YOU CAN SEE THE COMMITMENT TO THE COMMUNITY AND WE MET WITH THEM TWICE A YEAR TO SEE HOW THEY ARE DOING ON THAT COMMITMENTS.

AND OTHER AGREEMENTS.

THAT'S EXACTLY WHAT NEEDS TO HAPPEN.

NOT THE REGULATORS HAVE THE PRIVATE CONVERSATIONS, BUT THE COMMUNITY NEEDS TO KNOW WHAT THE BANKS ARE DOING.

>> THOSE ARE THE POSITIVE ONES.

WHAT ABOUT THE NEGATIVE?

WHERE XY Z ISN'T WORKING WITH US.

>> WE DON'T HAVE DATA FOR THOSE BANKS.

>> IF I'M SOMEONE -- >> FEDERAL RESERVE.

YOU CAN FIND INFORMATION ABOUT ALL OF THEIR TESTS, AND YOU CAN LOOK AT THE -- TAKE A LOOK AT HOW THEY DID WITH RESPECT TO THEIR COMMITMENT TO FAIR LENDING.

THERE ARE A CERTAIN LEVEL OF LAWS.

AND HOW DID THEY DO ON THAT TEST.

>> WHEN WE FIRST STARTED, THERE WERE BANKS THAT DID HORRIBLE ON THE FAIR LENDING BUT DID GREAT ON THE TESTING.

WE DISAGREED ON WHETHER OR NOT THIS BANK WAS DOING GOOD.

>> PUBLIC REACTION, WE ARE IN THE LAST MINUTE.

I WILL ASK YOU, PUBLIC REACTION OVER THE LAST, I GUESS THREE DAYS.

NOT FROM REALTORS, NOT FROM PEOPLE INVOLVED IN HOUSING.

WHAT FEELING ARE YOU GETTING?

>> YEAH.

I HAVE RECEIVED E-MAILS FROM PAST CLIENTS, E-MAILS FROM MEMBERS OF MY CHURCH SAYING THIS IS GREAT.

A WOMAN FROM MY CHURCH SAID WHY TO DO JUSTICE WORK.

IT HAS BEEN POSITIVE.

>> OKAY.

I GO TO UNITED METHODIST CHURCH.

WE ARE EASY.

HEY, DID YOU SEE THIS?

YEAH, YEAH.

IT IS GOING TO BE IN THE PAPER.

>> I GREW UP METHODIST.

>> NOT THAT WE ARE, YOU KNOW, WE ARE THE ONLY ONES OUT THERE.

A POSITIVE REACTION.

>> THANK YOU GUYS SO MUCH.

ALL RIGHT.

THIS WAS A POWERFUL WEEK.

I THINK IT IS VERY GOOD FOR ST. LOUIS.

HEY, IT IS ONLY GETTING STARTED, RIGHT?

>> THANK YOU.

>> THANK YOU.

THANK YOU FOR JOINING US.