In an effort to bring diversity, inclusion, and equality to their forefront agency, the Federal Housing Finance Agency released their Office of Minority and Women Inclusion Strategic Plan for fiscal year 2016 to fiscal year 2018 on Tuesday. The FHFA’s OMWI was established in accordance with section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, according to the FHFA. The OMWI is tasked with promoting diversity at all levels of the agency’s activities, including employment, management, and contracting.
The OMWI plans to design a comprehensive OMWI operational structure, identify the components, and design an operational structure necessary for the effective and efficient delivery of programs and services. The office also intends to develop standards for implementing diversity and inclusion within the agency and guidance for use by the regulated entities. In addition, the office seeks to deliver meaningful OMWI communication and educate internal and external stakeholders on the OMWI mission.
Investors bidding on properties online and at live events nationwide appear to prefer flipping these purchased properties more than renting them. Auction.com recently revealed the findings from its second quarter 2015 Real Estate Investor Activity Report, a nationwide survey of real estate investors. The data collected determined that flipping is still going strong, edging out the hold-to-rent strategy for the third consecutive quarter. According to the report, investors bidding at live events are more likely to flip the properties they purchase based on survey responses collected in the second quarter of 2015.