A group of 10 U.S. Senators have issued a letter to the heads of HUD and the CFPB calling for an examination of Navy Federal Credit Union’s practices after a report claimed the institution was more than twice as likely to deny loans for Black applicants as white applicants.
Read More »Worst Housing Affordability in 40 Years?
"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 VP of research. Read on for details from a new NAR study.
Read More »Examining Discrimination, Financial Barriers in the Homebuying Process
Nearly one in six prospective homebuyers across different races and ethnicities reported facing some form of discrimination during the homebuying process, according to the National Association of Realtors. Others cited their primary reasons for stalling their home purchase as waiting for mortgage rates and home prices to decline, alongside a lack of available homes within their budget.
Read More »People of Color Less Likely to Own Their Homes Than Whites
According to the Joint Center for Housing Studies at Harvard University, in the past two years, a growing number of for-profit and non-profit lenders have created special purpose credit programs (SPCPs) that aim to address some of the longstanding policies ...
Read More »JPMorgan Chase Commits $15M to Increase Supply of Affordable Housing
In efforts to further combat the nationwide housing affordability crisis, JPMorgan Chase has announced $3 million in grants for five organizations across the U.S. to expand climate resilient affordable housing for Black, Hispanic, and Latino households.
Read More »On the Horizon: Insights From the JCHS
The Joint Center for Housing Studies at Harvard University takes a look at a few key datapoints, which give a better picture of how the market is faring as we near the year’s halfway point.
Read More »Economists Find Millennials Will Drive Housing Market in ’22
As more than 45 million millennials enter the prime first-time buying ages of 26-35, the year 2022 will present several opportunities, despite expected a rise in rates and a recovering inventory.
Read More »Hispanic Homeownership Increasing Faster Than Other Ethnicities
Latinx homebuyers have been getting a helping hand, with many having lived with family without paying rent to help make housing payments, according to a new report from Redfin.
Read More »Supporting Hispanic Dreams of Homeownership
How can lenders and servicers address the low Hispanic homeownership rates that have held over from the Great Recession?
Read More »Addressing Hispanic Homeownership
Hispanic homeownership is lagging behind non-Hispanic white homeownership. What can the industry do to address the needs of the market?
Read More »
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