U.S. Senators Dianne Feinstein (D-Calif.) and Mel Martinez (R-Fla.) introduced legislation today aimed at tackling abusive lending practices that have contributed to the current mortgage crisis.
The so-called “Secure and Fair Enforcement in Mortgage Licensing Act” would create national licensing standards for mortgage brokers and lenders and ensure that all mortgage professionals are properly trained in legal aspects of lending, ethics, and consumer protection.
It would also create a national database that consumers can use to verify the credentials of brokers and mortgage lenders they choose to work with.
Ideally, the move would “eliminate bad actors from the mortgage business,” according to the release.
“Today, there are no national standards for mortgage brokers and lenders,” Feinstein said. “And there is only a thin patchwork of regulation by the states.”
“This has allowed unsavory lenders and brokers to take advantage of borrowers, and contributed to the sub-prime mortgage crisis.
“This sets up a nationwide system to keep track of those who’ve violated the law, had their license revoked, or failed to fulfill appropriate educational requirements,” said Senator Martinez, a member of the Senate Banking Committee and a former secretary of Housing and Urban Development.
The SAFE Mortgage Licensing Act would require all residential mortgage loan brokers and lenders obtain a state license, provide fingerprints, a summary of work experience, and consent for a background check to authorities.
To obtain licensing an individual must:
• Have no felony convictions; • Have had no similar license revoked; • Demonstrate a record of financial responsibility; • Fulfill education requirements (20 hours of approved courses, to include at least three hours related to federal laws, four hours on ethics and consumer protection in mortgage lending, and two hours on the subprime mortgage marketplace); and • Pass a written exam (the exam must be at least 100 questions; minimum score of 75 percent required to pass).
The legislation also calls for state regulators to develop a satisfactory licensing system within one year of its enactment.
If that fails to occur, the HUD Secretary would be given discretion to develop the national registry and license, generating revenue for its cost by charging fees to applicants.
The move comes amid a rise in loose lending practices that has led to a record number of defaults and foreclosures, especially in states like California and Florida.
Do you want to learn how to sell breast milk and make extra money? If you have extra breast milk, then selling it can be a good way for moms to make some extra money while also helping babies (and others) who need it or want it. Today you will learn how to sell breast…
Do you want to learn how to sell breast milk and make extra money?
If you have extra breast milk, then selling it can be a good way for moms to make some extra money while also helping babies (and others) who need it or want it.
Today you will learn how to sell breast milk safely and legally, how much money you might be able to make, and how to make more milk if you want to.
Recommended reading: 27 Ways To Make Money on Maternity Leave
Key Takeaways
Selling breast milk can help you make extra income as well as help babies in need.
Correct hygiene and storage are extremely important, as you don’t want anyone to get sick from your milk.
You can use websites and milk banks to sell or give away your breast milk. Some moms might give their milk away for free, while others might want to sell it for some extra money. There’s no right or wrong way.
You can earn around $1 to $2 for each ounce of breast milk. Babies usually drink about 20 to 30 ounces each day, so this means you could make a good amount of money.
How To Sell Breast Milk
Is selling breast milk legal?
Selling breast milk is legal in most countries, such as in the United States.
However, you will want to check the rules in your area about selling bodily fluids as this will help you follow the law when you sell your breast milk. If you contact any of the milk banks listed below, they should be able to help you figure this out.
Is there a market for breast milk?
Yes, there is definitely a market for breast milk. Some new moms produce more milk than their babies need, and some moms struggle to produce enough.
By selling your extra milk, you can help parents who need milk, while making extra money. The demand for breast milk is mainly driven by mothers who struggle with low milk production or those who cannot produce milk at all.
But, there are other reasons why people buy breast milk as well, such as bodybuilders like breast milk because it’s high in fat and has a lot of calories.
You can decide who you want to sell your breast milk to. So, if anything makes you uncomfortable, simply state so.
Also, it is hard work pumping milk, so you will want to carefully think about the pros and cons to make sure it is worth it for you.
How much can you sell breast milk for?
If you have a large milk supply, you may be able to make a decent side income by selling your breast milk, and you may be able to earn around $1 to $2 per ounce.
I’ve read stories online where some people say that they earn $1,000 or even $2,000 a month selling their breast milk. While that’s most likely not the norm, as that would be a lot of extra milk supply that you have, you may still be able to earn at least some extra cash from the breast milk that you won’t be using.
6 Best Places To Sell Breast Milk
Below are the best places to sell breast milk to.
1. Only the Breast
Only the Breast is a popular site specifically for buying and selling breast milk. On this website, you can create breast milk listings and connect with possible buyers.
I browsed the site and they currently have over 3,000 listings for breast milk for sale. You can sell your breast milk in bulk for $0.25 to $0.50 per ounce, or not in bulk at $1.00 per ounce. You can also choose to sell your milk through a local listing on this site.
There were also several hundred listings on this site from people who were looking for specific breast milk to buy, which is a good sign that there are a lot of buyers out there!
With Only the Breast, you can also choose who you sell your breast milk to, such as only for babies and not for adults to drink.
2. Tiny Treasures Milk Bank
Tiny Treasures Milk Bank is a milk bank that pays $1.10 an ounce to healthy breastfeeding mothers for their time and effort. This company will give you the breast milk storage bags to put your milk into, but you will have to use your own pump.
This company works with Prolacta BioScience to make life-saving human milk-based nutritional products for ill and premature infants. They mostly sell their products to hospitals, but some are also used for research.
3. BreastfeedingMomsUnite
BreastfeedingMomsUnite is an online milk community and classified site covering all things related to breastfeeding, including the sale of breast milk.
You simply start by creating a milk ad with information about you and what you are selling. Once you have agreed on a deal with a parent, you then ship them your breast milk, usually on dry ice to make sure that it stays frozen.
4. Craigslist
Craigslist is a site where you can post an ad for selling pretty much anything, such as breast milk. While it is not the most specific site for this purpose, your listing can possibly reach a wide audience in your local area.
In your ad on Craigslist, you will want to include a picture of the milk you are selling, your price, and some information about you such as your medical history and drug use.
I did a quick search on Craigslist and found breast milk listings in several cities and the prices ranged from around $1.00 to $5.00 per ounce.
As always with Craigslist, be careful when dealing with potential buyers (make sure to meet in a public place) and you will want to make sure you have safe transactions.
5. Facebook groups
There are many Facebook groups that are dedicated to the buying and selling of breast milk.
You can search for groups in your area or country and join them to connect with potential buyers.
I hopped on Facebook and simply searched for “sell breast milk” in the search bar and a ton of Facebook groups popped up that I could join to sell breast milk. There are breast milk sale groups for different countries, different states, and even ones that are for a specific purpose (such as for sick babies or even bodybuilders).
Then, you will most likely post an ad for your breast milk, or see if there are any “wanted” listings that suit what you are trying to sell.
Donating breast milk
Donating breast milk can be a great way to help moms who are having trouble nursing or babies in need of human milk.
To donate breast milk, you may want to contact milk banks or organizations that handle milk donation such as the Human Milk Banking Association of North America (HMBANA). HMBANA is dedicated to making sure that all babies have access to human milk, either through breastfeeding or the use of pasteurized donor breast milk. Check out their website to find out more details on how to become a donor.
Another idea that you might also be interested in is donating your breast milk through informal milk sharing. La Leche League International mentions that some families practice cross-nursing or co-nursing, where babies receive human milk from people who are not their parents.
Before you donate your breast milk, you will need to make sure that it’s safe, and donated breast milk should be free from contamination to make sure the baby who is drinking the milk is safe. The American Academy of Pediatrics and the Food and Drug Administration recommend milk banks over online sites for this reason.
Here are a few tips for safe breast milk donation:
Always use sterile containers when you pump and store your breast milk.
Freeze your breast milk as soon as possible after pumping to preserve its quality.
Label your containers with the date of pumping to make it easier for donation centers to track and manage their inventory.
Make sure to follow the guidelines that the milk bank or donation group tells you (there’s usually a list that they will give you so that you know what to do and what not to do).
Things To Think About When Donating Or Selling Breast Milk
Here are some things to think about when selling breast milk.
Health and safety considerations
Before you sell your breast milk, you will, of course, want to make sure that it’s really clean and safe. So, this means you should get a good breast pump, keep everything clean, and store the milk in the correct temperatures at the right time.
Also, usually you cannot donate or sell breast milk if you are a smoker, if you have positive STD results, if you use medications, have tattoos, had a recent organ or tissue transplant, had a recent blood transfusion, and more. Milk banks typically want breast milk from healthy donor mothers.
You may have to take a blood test, get tested for things such as HIV, syphilis, or illegal drugs, and more before you can qualify to sell or donate breast milk. Some companies may require samples of breast milk as well before you get started.
Legal aspects
If you’re selling breast milk online, you should always be honest about yourself and your milk. You should share info about your health, what you eat, and how you live because it affects the milk’s quality and what a person may be looking for. This is SUPER important!
Challenges and risks
Selling breast milk can be a bit tricky as you have to find a place to sell it, usually on websites or social media groups. Sending it can be hard too, because it has to stay really cold so that it doesn’t melt and become spoiled.
Also, it takes a lot of time and effort to pump, which all moms know.
Personally, I pumped for over one year, and I found it to be very hard and time consuming. So, you will want to make sure that it is worth it for you.
If you remember these things and stay healthy and safe, selling your breast milk can be a good way to earn money and help babies who need it.
How To Increase Your Milk Supply
If you want to sell breast milk, you may be interested in knowing how to increase your supply. To help increase your milk supply, here are some tips.
Milkology course
Milkology is a site that has several breastfeeding and pumping resources. It is a resource for breastfeeding mothers who want to learn how to increase their milk supply.
I personally took this course when I was learning how to breastfeed and pump breast milk, and I thought it was very helpful (and affordable!).
These resources cover everything related to breastfeeding and nursing, including how to maintain a healthy breast milk supply which can be super helpful for those who want to sell breast milk.
To increase milk supply, here are some tips to get started:
Nurse frequently – Aim for at least 8 to 12 feedings a day, approximately every two to three hours. Eventually, you can lower it, but in the beginning this is very important.
Breast pump – You will want to use a breast pump to help with milk production without feeding a baby, especially if you plan to sell breast milk. A hands-free pump is also a lifesaver so that you can do things while pumping.
Relax – I know this is easier said than done, but relaxing can really help to increase your milk supply. So, you may want to watch some TV, read a book, or eat a snack while pumping.
Include lactation-supporting foods in your diet – This includes foods such as fenugreek, oatmeal or oat milk, fennel seeds, lean meat and poultry, and garlic.
By using these tips and taking the Milkology course, you may be able to increase your breast milk supply so that you can sell more breast milk.
Frequently Asked Questions About How To Sell Breast Milk
Below are answers to common questions about how to sell breast milk.
Who buys breast milk?
Some people who might buy your breast milk include moms who can’t make enough milk and parents who adopt babies. Some adults might also buy it for themselves too.
Is it wrong to sell breast milk instead of donating it?
I know how hard it is to pump and to find the time to do so. I believe that your time is worth something, so do not feel bad about selling your breast milk if that is what you want to do. Plus, I have talked to many moms who have said that they would gladly pay for breast milk when they need it, because they know how hard it is to do and how valuable a mother’s time is.
Is it ethical to sell breast milk to bodybuilders online?
Some bodybuilders drink donor breast milk because of the high protein, calories, and fat in it. The ethics of selling breast milk to bodybuilders is personal, and some believe it’s an acceptable and mutually beneficial arrangement as long as both parties consent (the mother and the bodybuilder that is), but other people may find it inappropriate. It’s really just a personal decision.
How to sell breast milk to bodybuilders?
To sell breast milk to bodybuilders, you can create a listing on breast milk classifieds sites and make sure your listing targets the bodybuilding community. You can also join specific forums or Facebook groups for bodybuilders and breastfeeding to connect with potential buyers. I did a quick search on Facebook and I found several Facebook groups that are all about selling breast milk to bodybuilders, so that is probably a good place to start if you are interested.
Where can I find milk banks near me?
To find milk banks near you, you can look for accredited milk banks through the Human Milk Banking Association of North America (HMBANA). They have a directory on their website with a list of approved banks in North America. Also, you can check for local milk banks or lactation support groups in your area.
Where to sell breast milk online?
To sell breast milk online, you can use websites like Only the Breast. They help people who want to buy and sell. You can also put up ads on regular websites or join Facebook groups for this.
How To Sell Breast Milk – Summary
I hope you enjoyed this article on how to sell breast milk.
Selling breast milk is such a hot topic. I understand that pumping breast milk can be tough and finding time for it can be a challenge. It’s important to remember that your time is valuable, so don’t feel guilty about selling instead of donating your breast milk, if that’s something you choose to do.
There are many places to sell breast milk to as well, so you can actually make extra money doing this.
Have you ever thought about selling breast milk? What do you think about selling breast milk?
AI’s impact on the job market and society is a topic of much debate. However, its potential to assist businesses in making informed decisions is undeniable. Artificial intelligence (AI) has permeated various aspects of our lives, sparking discussions about its possibilities and challenges. Will we witness the realization of AI’s capabilities in the upcoming year? SAS, a frontrunner in AI and analytics, has enlisted the insights of executives and experts from across the organization to forecast trends and pivotal developments in AI for 2024. Here are some of the forecasts they have put forward.
Generative AI will augment (not replace) a comprehensive AI strategy
SAS, with a recent commitment of $1 billion to AI-powered industry solutions, emphasizes the growing significance of generative AI in organizational strategies. In 2024, organizations will shift towards integrating this technology to complement industry-specific AI strategies.
In banking, simulated data for stress testing and scenario analysis will help predict risks and prevent losses. In health care, that means the generation of individualized treatment plans. In manufacturing, generative AI can simulate production to identify improvements in quality, reliability, maintenance, energy efficiency and yield.
Bryan Harris, Chief Technology Officer, SAS
AI will create jobs
Although introducing new AI technologies in 2024 and beyond may lead to temporary disruptions in the job market, it will also ignite the creation of numerous new jobs and roles, thereby contributing to economic expansion.
In 2023, there was a lot of worry about the jobs that AI might eliminate. The conversation in 2024 will focus instead on the jobs AI will create. An obvious example is prompt engineering, which links a model’s potential with its real-world application. AI helps workers at all skill levels and roles to be more effective and efficient.
Udo Sglavo, Vice President of Advanced Analytics SAS
AI will enhance responsible marketing
While AI holds the potential for optimizing marketing and advertising initiatives, it is essential to recognize that biased data and models can yield skewed outcomes.
As marketers, we must consciously practice responsible marketing. Facets of this are awareness of the fallibility of AI and alertness to possible bias creeping in. In SAS Marketing, we are implementing model cards that are like an ingredient list, but for AI. Whether you create or apply AI, you are responsible for its impact. That’s why all marketers, regardless of technical know-how, can review the model cards, validate that their algorithms are effective and fair, and adjust as needed.
Jennifer Chase, Chief Marketing Officer, SAS
Financial firms will embrace AI amid a Dark Age of Fraud
Even as consumers show increased vigilance against fraud, fraudsters use generative AI and deepfake technology to refine their multitrillion-dollar trade. Phishing messages are becoming more sophisticated, and imitation websites appear remarkably authentic. With simple online tools, a criminal can replicate a voice after just a few seconds of audio.
We are entering the Dark Age of Fraud, where banks and credit unions will scramble to make up for lost time in AI adoption – incentivized, no doubt, by regulatory shifts forcing financial firms to assume greater liability for soaring APP [authorized push payment] scams and other frauds.
Stu Bradley, Senior Vice President of Risk, Fraud and Compliance Solutions, SAS
Shadow AI will challenge CIOs
CIOs previously faced challenges with ‘shadow IT’ and will now encounter ‘shadow AI’ – solutions utilized by or developed within an organization without official approval or monitoring by IT.
Well-intentioned employees will continue to use generative AI tools to increase productivity. And CIOs will wrestle daily with how much to embrace these generative AI tools and what guardrails should be put in place to safeguard their organizations from associated risks.
Jay Upchurch, Chief Information Officer, SAS
Multimodal AI and AI simulation will reach new frontiers
The next step in generative AI is the combination of text, images, and audio into one model. This is called multimodal AI, which allows for the simultaneous processing of diverse inputs.
An example of this will be the generation of 3D objects, environments and spatial data. This will have applications in augmented reality [AR], virtual reality [VR], and the simulation of complex physical systems such as digital twins.
Marinela Profi, AI/Generative AI Strategy Advisor, SAS
Digital-twin adoption will accelerate
Organizations can refine operations, enhance product quality, boost safety measures, improve reliability, and decrease emissions through digital twins.
Technologies like AI and IoT [Internet of Things] analytics drive important sectors of the economy, including manufacturing, energy and government. Workers on the factory floor and in the executive suite use these technologies to transform huge volumes of data into better, faster decisions. In 2024, the adoption of AI and IoT analytics will accelerate through broader use of digital-twin technologies, which analyze real-time sensor and operational data and create duplicates of complex systems like factories, smart cities and energy grids.
Jason Mann, Vice President of IoT, SAS
Insurers will confront climate risk, aided by AI
After years of waiting, climate change has evolved from a potential threat to a real and urgent danger. The global insurance industry faced more than $130 billion in losses from natural disasters in 2022, putting immense pressure on insurers worldwide. In the United States, insurers face scrutiny for increasing premiums and pulling out of heavily affected states like California and Florida, leaving millions of customers in a difficult position.
To survive this crisis, insurers will increasingly adopt AI to tap the potential of their immense data stores to shore up liquidity and be competitive. Beyond the gains they realize in dynamic premium pricing and risk assessment, AI will help them automate and enhance claims processing, fraud detection, customer service and more.
Troy Haines, Senior Vice President of Risk Research and Quantitative Solutions, SAS
AI importance will grow in government
AI will soon have an impact on government workforces. Governments struggle to attract and keep AI experts because of their high salaries, but they will actively seek out this talent to support regulatory efforts.
And like enterprises, governments will also increasingly turn to AI and analytics to boost productivity, automate menial tasks and mitigate that talent shortage.
Reggie Townsend, Vice President of the SAS Data Ethics Practice
Generative AI will bolster patient care
In 2024, organizations will continue to advance health and enhance patient and member experiences by developing AI-powered tools for personalized medicine. These tools will include patient-specific avatars for clinical trials and the generation of individualized treatment plans.
Additionally, we will see the emergence of generative AI-based systems for clinical decision support, delivering real-time guidance to payers, providers and pharmaceutical organizations.
Steve Kearney, Global Medical Director, SAS
Deliberate AI deployment will make or break insurers
In 2024, a top 100 global insurer will face closure due to prematurely implementing generative AI. Insurers are rapidly introducing autonomous systems without customizing them to their business models. They aim to use AI for expedited claims processing to counteract recent poor business performance. However, following layoffs in 2023, the remaining workforce will need more support to oversee AI’s ethical and widespread implementation.
The myth of AI as a cure-all will trigger tens of thousands of faulty business decisions that will lead to a corporate collapse, which may irreparably damage consumer and regulator trust.
Franklin Manchester, Global Insurance Strategic Advisor, SAS
Public health will get an AI boost from academia
The COVID-19 pandemic has made it evident that safeguarding our population will necessitate exceptional technology and collaboration. Public health embraces technological advancements like never before.
Whether overdoses or flu surveillance, using data to anticipate public health interventions is essential. Forecasting and modeling are rapidly becoming the cornerstone of public health work, but the government needs help. Enter academia. We will see an increase in academic researchers carrying out AI-driven modeling and forecasting on behalf of the government.
Dr. Meghan Schaeffer, National Public Health Advisor and Epidemiologist, SAS
At SAS Innovate, April 16-19, 2024, in Las Vegas, you have the opportunity to discuss with SAS executives, gain insights into their forecasts, and delve into the newest developments in AI and analytics. Secure your spot to receive updates on the conference and take advantage of early-bird pricing.
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Mihaela Lica Butler is senior partner at Pamil Visions PR. She is a widely cited authority on public relations issues, with an experience of over 25 years in online PR, marketing, and SEO.She covers startups, online marketing, social media, SEO, and other topics of interest for Realty Biz News.
Almost all of us have wondered from time to time how the world will end. Among the popular films and apocalyptic sci-fi we’ve seen, there’s zombies, deadly pandemics, and war among nations. While they’re the worst, here are seven other ways this world can end terribly.
1. Slow Burn
One person said, “The one where we see things slowly coming and given plenty of opportunities to fix it, but idiots keep getting in the way.”
The second person replied, “So, the path we are currently on.”
Another commenter added, “Pretty sure we’ve only got 4 years left, until Elon musk accidentally creates a black hole, whilst trying to make ultra instinct shaggy a real thing, and it kills us.”
2. Like the Road
“I think that’s the only book in my adult life that I’ve read entirely in one sitting. Utterly gripping, and only took me about 4 hours to go through it. But yeah, I second your opinion here. The most eerie part of the book is that there’s never an explanation WHY the world is the way it is, but it somehow feels very tangible and believable,” somebody shared.
“I couldn’t put the book down either. Yes, it’s extremely believable that humanity would fall to that if societal structure would ever break down. A lot of good people out there, but I feel like there is even more who would put their own survival before any ethics or morals. That book scared me,” replied the original commenter.
3. A Kardashian Presidency
One Redditor commented jokingly, “A Kardashian presidency.”
The second person replied, “Pretty sure, that the worst timeline, would’ve been if Kanye became president.”
4. Diarrhea Pandemic
Somebody stated, “Incurable diarrhea pandemic. Like there is a lot of bad ways for the world to end, but I feel like humanity collectively messing ourselves to death would be up there. Plus it’s not even far-fetched, diarrhea can absolutely kill and viruses can cause it, dehydration from illness strikes fast and is horrible. So is all dehydration, but when it comes on rapidly, it’s very painful.”
5. Zombie Apocalypse
“Zombie apocalypse. That’s the true method to painfully breakdown civilization,” said one.
“Break their jaws and cage them. Build hamster style wheels attached to generators. Boom, renewable, green energy,” replied another in sarcasm.
6. Famine
“Famine. There was simply nothing to eat on earth for the entire world so people turned into to cannibals. Let’s see how long it would take for everyone to die,” one user hypothesized.
7. Like in Threads (1984)
One person shared, “Think my phone was listening in again, just watched a British film yesterday called Threads (1985). It was a realism-inspired nuclear holocaust, it wasn’t a positive film, was good to watch though. What I derived from it was this. If there is a nuclear war, stand directly under the first launched bomb’s target area!”
Which of the ways above do you think humanity has a bit of a chance of surviving? Let us know in the comments!
Source: Reddit.
10 Crazy Good Movies Where Women Are the Bad Guys
Are you looking for a movie night with a twist? Look no further than these Reddit-voted top ten films where women take on the destructive bad guy role.
10 Crazy Good Movies Where Women Are the Bad Guys
10 of the Worst TV Series Ever According to the Internet
There’s Seinfeld, The Sopranos, Game of Thrones, The Office, and other legendary shows. But have you considered that for each show that garners universal critical acclaim, there is an inverse show lurking on the other end of the IMDb rating scale?
10 of the Worst TV Series Ever According to the Internet
15 Cover Songs that are Better than the Original
Sometimes, a cover of a song ends up doing far better than the original. Some covers are so good that we didn’t even realize the cover version wasn’t actually the original.
15 Cover Songs that are Better than the Original
These 11 Movies Are So Bad You’ll Wish You Could Unsee Them
The movies we love best are a combination of excellent characters, plots, stories and cinematography. But if these factors can make great movies, they can also make terrible movies—the ones that make people cringe, the ones we swear they’ll never watch again.
These 11 Movies Are So Bad You’ll Wish You Could Unsee Them
10 Celebrities Who Are Universally Disliked
People will always have preferences and something to say about celebrities. What you might love may not be the same for others. Whether it’s about their past behaviors, legal issues, or feuds with other celebrities, here is a list of celebrities people just cannot stand.
The Federal Reserve spent much of 2022 and 2023 bumping the federal funds rate higher in an effort to curb inflation. Although the Fed doesn’t directly affect mortgage rates, its management of the federal funds rate influences mortgage lenders and (along with other factors) helps them decide how much interest to charge on mortgage loans.
If you’re thinking about taking out a home loan, here’s what you need to know about how the Fed does, and doesn’t, impact your mortgage rate.
How Fed rate changes affect your mortgage rate
What does the Federal Reserve do and how does it affect mortgage rates?
The Federal Reserve, or Fed, is the central banking system of the United States. The Fed’s main purpose, known as its dual mandate, is to provide price stability (i.e. manage inflation) and maintain sustainable employment levels.
One of the ways the Fed accomplishes its mission is by adjusting the federal funds rate. The federal funds rate is the benchmark short-term interest rate banks and other financial institutions charge each other for overnight loans. When the Fed raises this rate, it makes it more expensive for financial institutions to operate. Those institutions usually respond by charging more interest on loans. That means everything from auto loans to mortgages becomes more expensive for consumers.
Your personal mortgage rate
Most of what goes into your mortgage rate is out of your control. However, there are personal factors involved. Your credit score, type of loan, loan amount and down payment all come into play.
As you increase your credit score and down payment, the mortgage rate you’re eligible for will drop. You don’t need a perfect credit score to secure a good rate. If you want the best rate, aim for a good to excellent credit score and a down payment of 20%. That said, a large down payment is less realistic for many first-time buyers and you can qualify for a mortgage with little to no down payment with government-backed loans, such as VA loans, USDA loans and FHA loans. Navy Federal Credit Union is one of CNBC Select’s best mortgage lenders for a small down payment and can be a good option if you’re eligible for a VA loan, which requires as little as 0% down.
Navy Federal Credit Union
Annual Percentage Rate (APR)
Apply online for personalized rates
Types of loans
Conventional loans, VA loans, Military Choice loans, Homebuyers Choice loans, adjustable-rate mortgage
Terms
10 – 30 years
Credit needed
Not disclosed but lender is flexible
Minimum down payment
0%; 5% for conventional loan option
Rocket Mortgage
Annual Percentage Rate (APR)
Apply online for personalized rates
Types of loans
Conventional loans, FHA loans, VA loans and Jumbo loans
Terms
8 – 29 years, including 15-year and 30-year terms
Credit needed
Typically requires a 620 credit score but will consider applicants with a 580 credit score as long as other eligibility criteria are met
Minimum down payment
3.5% if moving forward with an FHA loan
Terms apply.
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Bottom line
The Federal Reserve doesn’t directly set mortgage rates. However, it can influence mortgage interest rates by adjusting the federal funds rate and buying or selling bonds and mortgage-backed securities. There is a range of other factors that affect mortgage rates, including inflation, demand for mortgages and your individual situation.
Why trust CNBC Select?
At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of financial products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
Catch up on CNBC Select’s in-depth coverage of credit cards, banking and money, and follow us on TikTok, Facebook, Instagram and Twitter to stay up to date.
Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
With mortgage rates higher than they have been in over two decades, homebuyers may be looking for alternative ways to finance their home.
An interest-only mortgage can free up some front-end cash, allowing a buyer to cheaply purchase otherwise expensive property, but it carries long-term risks that borrowers should seriously consider.
Here, CNBC Select shares everything you need to know about interest-only mortgages, including how they work and their benefits and risks.
What we’ll cover
What is an interest-only mortgage?
In a traditional loan, borrowers gradually repay the principal (the money borrowed) and the interest (the amount it costs to borrow that money).
This is slightly different in an interest-only mortgage. After a borrower takes out an interest-only loan, they are allotted an introductory grace period, during which they do not have to make payments on the principal of the loan. Instead, they only make interest payments throughout that set period.
Borrowers must then repay the loan in full, whether by lump sum or gradual monthly payments when that set period is over.
Interest-only mortgages are primarily designed for borrowers who stand to make a profit from their loan-funded purchase. For example, if you flip houses, you might take out an interest-only loan to purchase a fixer-upper, since you plan to sell the house at a higher price later. By doing so, you postpone your principal payments until you have sold the renovated house, freeing up front-end cash to make said renovations.
Several of CNBC Select’s top-ranked mortgage lenders offer interest-only mortgages, including Chase Bank and PNC Bank.
CNBC Select found PNC Bank to be the best lender for flexible loan options. PNC Bank offers interest-only mortgages to eligible borrowers with a minimum credit score of 620 and a minimum down payment of 3%. Further, the national lender offers a plethora of tailored mortgage options as well as online and in-person application processes.
PNC Bank
Annual Percentage Rate (APR)
Apply online for personalized rates; fixed-rate and adjustable-rate mortgages included
Types of loans
Conventional loans, FHA loans, VA loans, USDA loans, jumbo loans, HELOCs, Community Loan and Medical Professional Loan
Terms
10 – 30 years
Credit needed
Minimum down payment
0% if moving forward with a USDA loan
Terms apply.
Meanwhile, Chase Bank stood out for its flexible down payment options. Similar to most lenders, Chase Bank offers interest-only mortgages to eligible borrowers with a minimum credit score of 620 and a minimum down payment of 3%. Further, the company offers a wide range of mortgage terms and a number of educational resources to support their borrowers through the home-buying process.
Chase Bank
Annual Percentage Rate (APR)
Apply online for personalized rates; fixed-rate and adjustable-rate mortgages included
Types of loans
Conventional loans, FHA loans, VA loans, DreaMaker℠ loans and Jumbo loans
Terms
10 – 30 years
Credit needed
Minimum down payment
3% if moving forward with a DreaMaker℠ loan
Terms apply.
How to calculate an interest-only mortgage payment
To calculate the payment you’ll make on an interest-only loan, multiply the loan balance by the annual interest rate, then divide by 12.
For example, say you borrow $100,000 at a 5% interest rate. Your calculation would look like this: (100,000 x .05)/12 = 416.67. This means that your interest-only payment would be $416.78 per month.
Payments will then increase to those of a typical, amortized loan, covering both principal and interest. Because your new monthly payment amount is based on the remaining principal, the payments should marginally change as you pay off the mortgage.
Benefits of an interest-only mortgage
The most obvious benefit of an interest-only mortgage is that monthly payments are initially considerably lower than of typical loans. These loans allow the borrower to make larger purchases that they would otherwise only be able to afford a few years down. Thus, interest-only loans might be a wise investment if you are expecting a significant income boost in the coming months and years.
Interest-only mortgages typically turn into an adjustable-rate mortgage (ARM) once principal payments begin, and borrowers can potentially benefit from a lower rate than the fixed-rate average.
But in the same vein, that adjustable-rate mortgage might be significantly higher than a fixed-rate traditional mortgage taken out initially, and this is one among many risks associated with interest-only mortgages.
Risks of an interest-only mortgage
Though a borrower’s monthly payments are initially temporarily lower than those of a traditional loan, there are several considerable risks.
First, if you take out an interest-only mortgage, you will not gain any equity in your home (beyond the equity of your down payment) until you begin principal payments.
Home equity is astoundingly important for your financial future. Equity is the money owed to you should you sell or refinance your home in the future. So, if you take out an interest-only mortgage with a five-year grace period, and you move out in five years, you will likely make no money from the sale of your home (unless the market has boomed exponentially since closing). Your interest-only payments will have realistically acted similarly to rent payments.
Alternatively, if the housing market goes down during your interest-only period and you try to sell your house without paying off any of your principal, you may actually owe the bank money at the time of sale.
Homeowners sometimes take out a home equity line of credit to access cash value tied up in their home’s mortgage. If you purchase your home with an interest-only mortgage, there will be less equity, or less cash, to access if you must take out a second mortgage.
Second, your monthly payments will be relatively high once you begin paying back the principal. This will cause a considerable shift in your monthly budget. Unless you are incredibly financially disciplined, you might not be able to afford these payments. Some interest-only mortgages even require that you pay off the loan in a lump sum when the introductory grace period ends.
Read the terms of an interest-only loan closely and make a sound plan for the duration of the loan. Otherwise, you might end up stuck in financial mud.
Compare offers to find the best loan
FAQs
What is an adjustable-rate mortgage?
One way that buyers can get the keys to a new home without locking in a fixed rate for 30 years is by taking out an adjustable-rate mortgage (ARM), during which interest rates fluctuate with the market through the duration of your loan. Because rates are so high right now, this can save you money in home loan interest down the road when interest rates cool.
What credit score do I need to qualify for an interest-only mortgage?
Interest-only mortgages typically require a credit score of 670 or above.
What is a home equity line of credit?
A home equity line of credit, or HELOC, is essentially a second mortgage that liquidates (usually up to 85% of your home’s equity), or the amount that you have paid toward your principal home loan. A HELOC is more commonly known as a second mortgage. Taking out a HELOC will usually cost you between 2% and 5% of the loan amount.
Bottom line
An interest-only mortgage is smart for the forward-thinking borrower who has a sound plan to make future payments. Otherwise, it makes more sense to pursue a traditional mortgage, avoiding the temptation to bite off more than your wallet can chew.
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NAB has delivered a cloud-based digital engine capable of reducing home loan approval to under 60 minutes, as part of a four-year journey to revamp customer experience and transform systems.
The new simple home loan platform has united multiple ways customers and brokers apply for a home loan into a single reusable process that is fully automated and underpinned by digital and data capabilities, leading to a reimagining of its operational banking processes.
The platform was developed in-house by a team of 250, split between NAB’s Australian and Vietnam-based engineering operations.
Acting chief information officer of personal banking and executive technology home ownership Paul Norman shared with the iTnews Podcast how the bank achieved its home loan application process revamp.
“Buying a home can be one of the biggest events in our customers’ financial lives. It can be a pretty stressful experience whether you’re buying your first home or you’re an experienced home buyer, and historically the banks can be quite complex to deal with,” he said.
“It can sometimes, historically, take many weeks to get an approval or an unconditional decision from the banks, and practically this means for customers that they can struggle to buy with confidence, especially when we have competitive property markets.”
Norman, who stepped into the acting CIO of personal banking role following the departure of Anastasia (Ana) Cammaroto, said this led NAB to work hard “on solutions to try and make this particular ‘moment of truth’ more frictionless”.
“What we realised at NAB about four years ago, was we needed to make a change. We had platforms that were aging. Our processes were typified by manual handling, paper forms, rework,” he said.
“We needed to not just to change the technology, but also our philosophy around the end-to-end customer experience.
“We’ve set ourselves an ambition – it was a bold ambition – that we wanted to deliver unconditional approval to our customers in less than 60 minutes.”
Norman said that upon undertaking the tech transformation, the bank “realised quite quickly that technology alone wasn’t going to get us there.”
“We had to solve this by bringing people, process and technology together. We needed to build a digital engine that converged the many ways our customers, bankers and brokers traditionally applied for a home loan into a single, reusable process.
“That process needed to have full automation, straight-through processing, right through the home buying value chain.
“We recognised that we needed to transform and simplify a lot of our processes such that we weren’t coding complexity.”
Norman said the project team also “needed to make sure we had the right engineering platforms in place such that we were able to use our cloud-enabled microservices architecture, as well as our internal capability, to take this on.”
It was also important to embed “colleague intervention where it mattered”.
Four years ago
Norman said the bank commenced its journey four years ago in 2019, starting by simplifying and automating some of the lodgement processes, creating “efficiencies”.
These tools are used when colleagues and brokers wish to help a customer apply for a home loan, Norman said.
At the time the bank “used our same legacy backend system” and has since built out “a new ‘factory’.”
“We started this in 2021. We leveraged our cloud-native microservices capability to build our backend capability,” he said.
“We loosely coupled that with our existing digital platform. What this allowed us to do is create a fully digitally enabled experience that’s been built in a fraction of the time it would’ve taken to do this on a traditional, monolithic platform.
“What this means is we’ve been able to offer more and more of our customers access to this simpler experience far more quickly.”
Global team reach
Part of the platform’s success has been the “ability to leverage our global workforce” across Australia and Vietnam, according to Norman.
“In terms of the [technology] migration, the flexibility we’ve built with this sort of microservices-based architecture is that we’re able to segment, implement and transform backend capabilities in smaller and smaller iterations.
“So that allows us to create more enhancements to automation with straight-through processing.
“Most exciting is we have enabled experimentation so we’re able to test and learn rather than design for perfection, and can fail fast where we need to.
“This means we can get features to market far faster than we were able to before, and it means that we can migrate in smaller and smaller chunks.”
The two teams are seen “equally” as part of the NAB ecosystem and collaborate, with the Vietnam team “really an extension of our team and able to deliver features and functionality end-to-end.”
The wider NAB cloud approach
In line with the home loan transformation journey, four years ago NAB undertook “the bold decision to launch a cloud-first multi-cloud strategy”.
“What’s exciting about this initiative is the ‘simple home loans’ product is cloud-native from the outset. So, for us, this is a critical proof point of our strategy,” Norman said.
“[Cloud] has been an enabler of our ability to do this. We’ve been able to build at pace and scale when we needed to.”
Norman said the “broader industry context around home lending has everyone on the same journey that we are.”
“Everybody wants to make it as seamless and frictionless as possible for our customers, such that people want to choose that particular financial institution for their home loan going forward.”
“It’s a critical part of all of our customers’ financial lifecycle, it’s probably the biggest thing a customer can do with us, so we want to make sure it’s right. We want to make sure our customers have access to the ability to get a home loan when they need it.
He added part of the broader focus is also making sure that throughout the life of customer’s home loan, “they have the ability to interact with it and the flexibility to make changes as they need.”
“A big focus for us, and as I know many of our competitors, is the ability to provide our customers to be able to access those capabilities through their digital channels, self-serve when they need to, and then importantly, be able to talk to one of our amazing colleagues in those moments of truth”.
Generative AI, talent pipelines and future growth
More broadly, Norman said a core tenet of NAB’s strategy is to build its talent pipelines.
Over the last five years, the NAB intern program, for example, has seen 1059 people join, with 250 joining in the last year alone.
“Of those 1059 people that have joined our intern program, more than 600 people have been hired permanently,” he said.
“For us, we see that as the workforce of the future, they create immense value. Today, we’re able to bring young, talented engineers into our workforce to enable us to do some of the things that I’ve been talking about, and it also make sure that we’ve got the talent that we need for the future.”
As its workforce continues to expand Norman and the NAB teams are already preparing for multiple opportunities that lay ahead as “we are in a world of immense change right now”.
“With the world of generative AI, we’re starting to look at what those opportunities mean for us [and] some of the use cases that might be relevant for our industry in experimenting with those,” he said.
“I think we’ve got a bold and ambitious and strategic agenda, and at the same time the technology landscape’s changing, and it will be really exciting to see how those two things come together.”
As for its generative AI approach, NAB is already using chatbots “for both our customers and our colleagues to deliver differentiated customer experiences”.
“So here at NAB we see lots of opportunities. Right now, we’ve picked a few key things that we’re going to experiment with.
“Within the personal bank we’re experimenting with how generative AI help our colleagues get faster information, so the knowledge they need when they’re serving one of our customers.
“But it’s important at the moment that we anchor that in an approach, that it meets customer expectations, fits within our regulatory obligations as a bank, as well as making sure it’s anchored in our own data ethics standards”.
Agents adhere to strict code of ethics, NAR spokesman says He noted that real estate agents comprising the association’s rank and file are held to a strict code of ethics in performing their work. The National Association of Realtors collects $150 in annual dues from among its robust membership of more than 1.5 million agents. … [Read more…]
Gender-affirming care encompasses a broad range of psychological, behavioral and medical treatments for transgender, nonbinary and gender-nonconforming people.
The care is designed to “support and affirm an individual’s gender identity” when it is at odds with the sex they were assigned at birth, as defined by the World Health Organization.
What is gender-affirming surgery?
Gender-affirming surgery refers to the surgical and cosmetic procedures that give transgender and nonbinary people “the physical appearance and functional abilities of the gender they know themselves to be,” according to the American Society of Plastic Surgeons. It is sometimes called gender reassignment surgery.
There are three main types of gender-affirming surgeries, per the Cleveland Clinic:
Top surgery, in which a surgeon either removes a person’s breast tissue for a more traditionally masculine appearance or shapes a person’s breast tissue for a more traditionally feminine appearance.
Bottom surgery, or the reconstruction of the genitals to better align with a person’s gender identity.
Facial feminization or masculinization surgery, in which the bones and soft tissue of a person’s face are transformed for either a more traditionally masculine or feminine appearance.
Some people who undergo gender-affirming surgeries also use specific hormone therapies. A trans woman or nonbinary person on feminizing hormone therapy, for example, takes estrogen that’s paired with a substance that blocks testosterone. And a trans man or nonbinary person on masculinizing hormone therapy takes testosterone.
Gender-affirming surgeries and treatments are the recommended course of treatment for gender dysphoria by the American Medical Association. Gender dysphoria is defined as “clinically significant distress or impairment related to gender incongruence, which may include desire to change primary and/or secondary sex characteristics,” according to the American Psychiatric Association.
Some LGBTQ+ advocates and medical professionals feel that gender dysphoria shouldn’t be treated as a mental disorder, and worry that gender dysphoria’s inclusion in the DSM-5 — the authoritative source on recognized mental health disorders for the psychiatric industry — stigmatizes trans and nonbinary people.
How much does gender-affirming surgery cost?
Gender-affirming surgery can cost between $6,900 and $63,400 depending on the precise procedure, according to a 2022 study published in The Journal of Law, Medicine and Ethics.
Out-of-pocket costs can vary dramatically, though, depending on whether you have insurance and whether your insurance company covers gender-affirming surgeries.
There are also costs associated with the surgery that may not be represented in these estimates. Additional costs may include:
Surgeons fees
Hospital fees
Consultation fees
Insurance copays
The cost of psychiatric care or therapy, as most insurance companies and surgeons require at least one referral letter prior to the surgery. An hour of therapy can cost between $65 and $250, according to Good Therapy, an online platform for therapists and counselors.
Time off work. After bottom surgery, you can expect to miss six weeks of work while recovering. Most people miss around two weeks of work after top surgery.
Miscellaneous goods that’ll help you recover. For example, after bottom surgery, you might need to invest in a shower stool, waterproof bed sheets, cheap underwear and sanitary towels. Top surgery patients may need, depending on the procedure, a mastectomy pillow, chest binder and baggy clothes.
Is gender-affirming surgery covered by insurance?
It’s illegal for any federally funded health insurance program to deny coverage on the basis of gender identity, sexual orientation or sexual characteristics, per Section 1557, a section of the Affordable Care Act. Section 1557 doesn’t apply to private insurance companies, though, and several U.S. states have passed laws banning gender-affirming care.
The following states have banned gender-affirming surgery for people under 18 years old, according to the Human Rights Campaign: Alabama, Arkansas, Florida, Georgia, Idaho, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, Montana, Nebraska, North Carolina, North Dakota, Oklahoma, South Dakota, Tennessee, Texas, Utah, West Virginia. In four of these states — Alabama, Arkansas, Florida and Indiana — court injunctions are currently ensuring access to care.
And these states have either passed laws — or have governors who issued executive orders — protecting access to gender-affirming surgery, according to the Movement Advancement Project, a public policy nonprofit: California, Colorado, Connecticut, Illinois, Maryland, Massachusetts, Minnesota, New Jersey, New Mexico, New York, Oregon, Vermont and Washington, D.C.
But even if your state has enshrined protections for gender-affirming care, some private insurance companies may consider surgeries “cosmetic” and therefore “not medically necessary,” according to the Transgender Legal Defense and Education Fund. If you have private insurance or are insured through your employer, contact your insurance company and see if they cover gender-affirming care. Also, ask about any documentation the insurance company requires for coverage.
The Williams Institute estimates that 14% of trans Americans currently enrolled in Medicaid live in states where such coverage is banned, while another 27% of trans Americans live in states where coverage is “uncertain,” because their state laws are “silent or unclear on coverage for gender-affirming care.”
Because of Section 1557, Medicaid is federally banned from denying coverage on the basis of sex or gender; among the roughly 1.3 million transgender Americans, around 276,000 have Medicaid coverage, according to a 2022 report from the Williams Institute.
How to pay for gender-affirming surgery
If your private insurance company won’t cover gender-affirming care, and you’re unable to obtain coverage through the federal marketplace, consider these sources:
There are also several nonprofits that offer financial assistance for gender-affirmation surgeries. Those organizations include:
Point of Pride, which offers grants and scholarships to trans and nonbinary people seeking gender-affirming surgery and care.
Genderbands, which offers grants for gender-affirming surgeries and care.
WASHINGTON (September 14, 2023) – The current real estate market’s high home prices and mortgage rates, as well as limited inventory, are the top reasons that Realtors® and prospective home buyers across races and ethnicities cite as barriers to purchasing a home, according to two new reports from the National Association of Realtors®.
In partnership with Morning Consult, NAR’s 2023 Experiences & Barriers of Prospective Home Buyers Across Races/Ethnicities report surveyed White, Hispanic/Latino(a), Black and Asian prospective home buyers about their experiences. NAR’s 2023 Experiences & Barriers of Prospective Home Buyers: Member Study surveyed Realtors® who focus on residential real estate regarding the latest buyer with whom they worked who has not yet purchased a home, and it compares findings with the consumer study.
“Home buyers face the most difficult affordability conditions in nearly 40 years due to limited inventory and rising mortgage interest rates,” said Jessica Lautz, NAR’s deputy chief economist and vice president of research. “The impact is exacerbated among first-time buyers who are more likely to be from underrepresented segments of the population.”
Among prospective home buyers, Asian (27%), Hispanic (24%), Black (20%) and White (15%) respondents say the main reason they have not yet bought a home is because they are waiting for prices to drop. White respondents (15%) are just as likely to say it is because they are waiting for mortgage rates to drop. Additional market-related reasons that prospective home buyers cite as barriers include waiting for mortgage rates to decline (18% – 25% of all four groups) and not enough available homes within their budget (19% – 24% of all four groups).
The top three reasons why Realtors® say buyers have not yet purchased homes are the same as reported by consumers: not enough homes available for purchase in buyers’ budgets (34%), buyers are waiting for mortgage rates to drop as higher prices affect affordability (18%) and buyers are waiting for prices to drop (9%). These three factors greatly impact affordability since limited inventory drives up home prices and higher rates increase monthly mortgage payments.
Saving for a competitive home down payment is also a primary obstacle for prospective home buyers (6% – 9% of all four groups). In terms of what holds them back from saving for a sufficient down payment, prospective home buyers across races and ethnicities cite as barriers current rent/mortgage payments (43% – 56% of all four groups) and credit card payments (38% – 57% of all four groups). Despite this, awareness about existing down payment assistance programs is low among prospective buyers saving for down payments. Only 8% – 15% of all four groups applied for these programs, 20% – 33% considered but did not apply to these programs, 21% – 32% did not consider these programs, and one-third (30% – 33% of all four groups) say that they are not aware of these assistance programs. For prospective home buyers who are aware of down payment assistance programs, the primary reason they did not apply for them is because they did not know enough about the programs (44% – 58% of all four groups).
Likewise, more than half of Realtors® (53%) say that at least one issue is holding their latest buyer back from saving a competitive down payment: most likely current rent or mortgage payments (23%) or credit card balances or payments (17%). Further, only 23% of Realtors® say that their buyers experiencing these challenges have applied for down payment assistance programs. This is most likely because their income is too high (30%), they did not know enough about the programs (19%), or they are worried about the competitiveness of their offers in multiple-bid situations (17%).
“Down payment assistance programs often fly under the radar for potential home buyers. Using programs – like FHA, VA or USDA loans – can make homeownership more attainable. Experts, such as agents who are Realtors®, can educate potential buyers about these programs. Doing so will bring in more first-time buyers and narrow the racial homeownership gap,” added Lautz.
Discrimination also plays a role in the homebuying process. About one in six (13% – 16% of all four groups) prospective home buyers across races and ethnicities report facing discrimination. More than half of Black (63%), Asian (60%) and Hispanic (52%) prospective home buyers who report this say it was due to their race or ethnicity. Of these, the largest proportions of every group are most likely to report that this discrimination manifests in steering toward or away from specific neighborhoods (36% – 51% of all four groups) and more strict requirements (32% – 48% of all four groups). Despite all of this, most discrimination during the homebuying process goes unreported: 47% – 81% who describe it did not report it to a government agency or legal aid organization.
Interestingly, only 1% of Realtors® who took the survey report that their buyers experienced discrimination during the homebuying process, while 13% are not sure. Those reporting discrimination are most likely to say this is based on race or ethnicity and lay this at the feet of lenders, saying that buyers experienced this in the type of loan product offered (43%) or that buyers did not receive a call back from lender(s) (29%). Of those who report discrimination, 57% report it based on race, 29% report it based on age and 21% report it based on familial status (including marriage or parental status). Just 7% say that the buyer reported the discrimination, which was on the basis of either race or religion or both, to a government agency or legal aid organization.
To help address discriminatory practices in real estate, NAR offers several resources to its members, including Fairhaven, an interactive training simulation based on real fair housing cases; Bias Override, an implicit bias training course with practical tips to override bias; At Home With Diversity, a certification course aimed at serving diverse consumers; and a confidential voluntary self-testing program for brokerages to assess agents’ compliance with fair housing laws. In Washington, NAR advocates for strong fair housing and fair lending enforcement, and policies aimed at closing homeownership gaps among demographic groups.
About the National Association of Realtors®
The National Association of Realtors® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term Realtor® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of Realtors® and subscribes to its strict Code of Ethics.