A series of actions set forth by the Biden Administration aims to strike out appraisal bias and level the playing field in building generational wealth via homeownership.
Read More »The Week Ahead: Federal Measures to End the Homeless Crisis
An upcoming Senate Banking Committee Hearing will examine actions the federal government has taken to combat the nation’s homelessness issue.
Read More »Flagstar Donates $1M to Combat Appraisal Bias
Donation to the Appraiser Diversity Initiative will address the lack of racial, ethnic, and gender diversity in appraisal field.
Read More »Op-Ed: Respect the Black Dollar
Tai Christensen of Arrive Home explains why now is the time for the Black community to shift their spending and invest in the American dream of homeownership.
Read More »Inflation Affecting Homeowner’s Improvement Plans
According to a new study from Today's Homeowner, many homeowners are reducing their home improvement spending, as new data shows the Consumer Price Index fell in December for the first time since May 2020. However, prices remain significantly elevated compared to a year ago.
Read More »Appraisal Bias: By the Numbers
Addressing the issue of appraisal bias is critical, and Jeffrey Hogan of Veros explains what can be done to identify and prevent this problem.
Read More »DOJ Agrees to $31M Redlining Settlement With City National Bank
Through this latest agreement, the Justice Department’s Combating Redlining Initiative has secured more than $75 million dollars in relief for communities that have suffered from lending discrimination.
Read More »The Science of Appraisals
Fannie Mae’s Jake Williamson and Appraisal Institute President Craig Steinley share their perspective with MReport about how the industry is working to improve the appraisal process in 2023.
Read More »HUD Announces New Steps to Combat Racial Bias in Appraisals
“HUD is committed to making the appraisal process fair nationwide. We must eliminate bias in home valuations so that everyone can equally reap the benefit of wealth—and intergenerational wealth—that come along with homeownership,” said HUD Secretary Marcia L. Fudge.
Read More »Bringing Credit Invisibles Into the Light
Michele M. Evans of Fannie Mae discusses the GSE’s new Positive Rent Payment Reporting pilot program and how renters on the path to homeownership can build their credit history and improve their credit score.
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