New research from FHLBank San Francisco and the Urban Institute investigates ways to reduce mortgage default risk by utilizing mortgage reserve accounts that could help homeowners overcome temporary hardships, which would mainly benefit Black families, who are more than twice as likely as white families to lose their home to foreclosure.
Read More »Report Examines Barriers Standing in the Way of Black Homeownership
“It is the sacred duty of community leaders, policy makers, and financial industry specialists to lift communities so that all children can thrive and grow up with opportunities for good health, wealth, and happiness in their lives,” said NAREB President Lydia Pope.
Read More »Congressional Reps Discuss Equitable Access to Housing and Financing
Representatives Jim Himes (D-Conn.) and Gwen Moore (D-Wisc.) recently penned an open letter for Newsweek on how to make home ownership “inclusive and accessible for every American.” Himes, ...
Read More »Higher Interest Rates Spell Disaster for Racial Housing Gaps
According to Urban Institute authors Michael Neal and Daniel Pang, the current environment of rising interest rates has important implications for the wealth gap between white and Black ...
Read More »Black Renters in ‘Harsh’ Situation
The fact that housing and mortgage rates have done nothing but rise over the last year has hampered affordability across the board, but the impact on Black renters ...
Read More »New Policies Could Help Close Racial Wealth Gap
The single-family home has been the main driver of wealth building among the middle class and that ideology has affected policy in one way or another in seeming ...
Read More »Analyzing Racial Disparities in Homeownership
It is no secret that the COVID-19 pandemic affected nearly every facet of the economy and the people that live in it. But the pandemic didn’t affect everyone ...
Read More »NAR Report: People of Color Continue to Face Adversity
Black Americans were found to be less well off than their peers of other colors in a number of areas.
Read More »Akron, Ohio, Found to Be Most Affordable for Black Americans
The high prices and record-low inventories that have been dominating the market for the last year are not doing much to address the plight of Black Americans whom ...
Read More »What Factors Are Holding Back Black Homeownership?
Applying for a mortgage is one of the most important applications most will ever fill out in their lifetimes; getting denied because of simple omission can set the ...
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