Minority Households Disproportionately Feel Recession-Related Pain
Even after many months of housing-related policy intervention, including eviction and foreclosure bans at both state and federal levels, people and neighborhoods of color continue to suffer disproportionately from COVID-19 fallout—this is backed by a report from Urban...
Industry Leaders Address Racial Inequalities, Refi Fees, and Technology
Representatives from organizations including FHFA, FHA, GSEs, and HUD all spoke during a virtual event this week by the Mortgage Bankers Association (MBA). See remarks from FHFA's Mark Calabria, here. The facilitator of a virtual event Tuesday said, during a GSE...
Crossing the Language Barrier for Spanish-Speaking Agents
The National Association of Realtors (NAR) Tuesday launched a Spanish version of its website, NAR en Español. The sub-site evolved from NAR’s Spanish-language Facebook page into the “comprehensive collection of resources” the associations now offers its...
Latinx Homebuyers Still Face ‘Roadblocks’
Both lending inequities and limited household wealth have been holding Latinx homebuyers back since, at least, the Great Recession, according to a Zillow study published Monday. While roadblocks remain, the report indicates, “remarkable growth this half-decade has...
Female Heads of Households Hit Harder by COVID-19
According to a Zillow report, working women are being far more negatively affected by the recent recession resulting from the pandemic. In fact, the disproportion between men and women as they face housing impacts due to unemployment, housing tenure, and child care,...
AMDC Member CBC Mortgage Agency Funds $14 Million in Affordable Loans
CBC Mortgage Agency (CBCMA) announced that $14 million in affordable home loans have been purchased to date via the company’s online platform—CRA Note Exchange. CBCMA’s aim is to help low-moderate income consumers, often in minority neighborhoods, achieve the dream of...
AMDC Member Planet Home Lending Portfolio Tops $25 Billion
Planet Home Lending’s (PHL) servicing portfolio has risen above $25 billion fueled by originations growth and the company’s successful efforts to retain existing customers who refinance or purchase new homes, the company says. PHL’s representative said the servicing...
HUD Awards $4 Million for Disabled Vets’ Residences
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) announced $3.9 million in funding through the Veterans Housing Rehabilitation and Modification Pilot Program (VHRMP), a program designed to create...
Housing, Faith, and the American Dream
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson Said he has started a virtual workshops series entitled, “The Mustard Seed" program, which is geared toward religious groups. He plans to feature in the virtual presentations, faith-based...
FHFA Addresses the Language Barrier
The FHFA, which oversees Fannie Mae and Freddie Mac, recently announced new resources for Americans who need assistance with mortgage loans but who possess limited English-language proficiency. That could be causing homeowners extra hardships during an already trying...