Why Micro Mortgages Matter
A Fair and Realistic Solution to Homeownership Inequality by Jorge Newberry As I discussed in a recent Huffington Post article, one of the unintended consequences of the 2010 Dodd-Frank Act—which sought to address toxic mortgage lending practices that led to the Great...
Congress Unanimously Votes to Declare Juneteenth a Federal Holiday
The U.S. House and Senate jointly and unanimously passed legislation marking June 19, otherwise known as Juneteenth, a federal holiday. Juneteenth is an annual holiday marking the end of slavery in the United States. President Joe Biden signed the bill into law this...
The Importance of Specificity: Insights Into Latino Homeownership
DS5 speaks with Frank Fuentes, the National VP of Multicultural Community Lending at New American Funding and Vice-Chair of Five Star’s American Mortgage Diversity Council about his career helping Hispanic homebuyers, and the nuance and specificty needed in handling...
Celebrate Diversity Month Comes to a Close
As AMDC concludes recognizing Celebrate Diversity Month, we asked AMDC Advisory Council Chair Lola Oyewole what diversity means to her. Oyewole is VP of Human Resources and Chief Diversity & Inclusion Officer at Ocwen Financial Corporation. What does diversity...
Examining the Racial Divide in Home Sales
According to a new Redfin analysis, the average home in a primarily Black neighborhood nationwide is worth $46,000 less than a comparable home in a primarily white neighborhood. Redfin analyzed the values of more than seven million listed and sold from 2013 through...
Diversity in Mortgage Lending
Tai Christensen, CBC Mortgage Agency's Diversity, Inclusion, and Equity Officer who also serves on the Advisory Board for the Five Star Institute’s American Mortgage Diversity Council, joined DS5 for a discussion on diversity in mortgage lending. As our country and...
Expanding Credit Availability for Black and Latinx Borrowers
One of the most vital steps along the path to owning a home is access to mortgage credit. Researchers examining the racial gap that exists in homeownership and the wealth that accompanies it recently looked into alternative data used in securing credit, and whether it...
Celebrate Diversity Month
What does diversity mean to you? See how AMDC members and mortgage industry professionals answer our diversity questions.
Examining FHFA’s Commitment to Diversity
Minority representation in FHFA’s workforce is gaining a foothold, according to a report from Fhfa.gov. The workforce swelled from 241 minority employees in 2016 to 286 last year—a surge that’s also reflected across FHFA’s top six mission-critical occupations, from...