Fannie Mae and Freddie Mac expand plans for equitable housing
Fannie Mae and Freddie Mac’s equitable housing plans including new pilot programs, initiatives and the expansion of SPCPs.
Fannie Mae and Freddie Mac’s equitable housing plans including new pilot programs, initiatives and the expansion of SPCPs.
The CFPB will appeal a redlining lawsuit it lost against the nonbank retail lender Townstone Financial Inc. and its founder Barry Sturner.
An applied academic institution at the University of Utah’s David Eccles School of Business, Ivory Innovations is dedicated to supporting innovative solutions in housing affordability. They recently announced the Top 25 Finalists for the 2023 Ivory Prize for Housing Affordability (from 203 nominees). Finalists are…
The post Meet the 2023 Ivory Prize Top 25 appeared first on GeekEstate Blog.
Black homeowners recorded the highest growth rate in residential property equity compared with other groups since the start of the pandemic, accelerating a trend in place since 2014, Zillow said. That helped to narrow the difference between the overall equity for all U.S. homes and those for Black-owned properties to the narrowest point since the … [Read more…]
Homes owned by Black families have appreciated more than any others since the onset of the COVID-19 pandemic, according to Zillow.
Black homeownership rates in each of the nation’s 50 largest metro areas has been smaller than population share in those regions, a LendingTree study recently found. The disparity was greater in those cities with a larger Black population, which is likely a residual effect of the institutionalized racism which existed for many years, including the … [Read more…]
NAR released a report saying 88% of first-time homebuyers are white while 8% are Hispanic, 3% are Black and 2% are Asian.
Fortunately, much has changed. In 1960, it was legal to refuse to sell a house to someone because of their race, Bushra noted. Yet there was still more parity between Black and White homeowners at that time than there is today more than 60 years later, according to his findings. As evidence, he provided a … [Read more…]
To root out racial bias in the appraisal system, some experts say thereâs no point in nibbling at the edges. Instead, they suggest tearing the system down and starting fresh.Â
Lawyers raised compliance questions regarding UWM’s âControl your Priceâ initiative. Meanwhile, other lenders want to copy it.