Allen Gross, raised in a rented apartment in Brooklyn, N.Y., is now a trailblazer in helping urban people buy homes.

But Mr. Gross, president of GFC Capital Resources Group, New York, and a number of other mortgage bankers are making single-family home loans in urban areas not just to improve minority lending records, but to make money. And they are succeeding.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.