Tag Archives: Diversity

Fannie Mae has come a long way since it began its diversity and inclusion journey more than two decades ago, but while the company may be one of the leaders in diversity, it is not complacent, knowing the destination still lies ahead.

Diversity is much more than just checking a list of boxes and hiring people who look different from one another; it’s a business strategy that can either attract or alienate potential clients.

Freddie Mac’s Dwight Robinson and other top diversity professionals talk homeownership—and how building a more diverse mortgage workforce can help Americans better achieve it.

The Federal Housing Finance Agency has finalized four amendments to its Minority and Women Inclusion regulations. What do the amendments mean for GSEs and federal banks? 

“Diversity” and “inclusion” are buzzwords that have been trending in the mortgage industry for some time, but when truly absorbed, they can have a multitude of positive impacts on a business. 

The U.S. is becoming more diverse year-after-year and homeownership rates are changing just as fast. Changes in the diversity landscape could also mean differences in the way you market. Find out if your metro is growing in diversity based on the latest Census Bureau data

There are many factors that have affected homeownership rates after the 2008 financial crisis— specifically in regards to young adult social norms and changes in the housing market. The homeownership rate among 25- to 44-year olds has dropped 10 percent in the last decade and recent research shows this could be increased with closing the interracial gap in education and wealth. This research falls in line with statistics on diversity found in the corporate world.

The second-annual Five Star Diversity Symposium, a day-long event focused on advancing the conversation on diversity within the mortgage industry, featured keynote addresses from diversity leaders as well as roundtable discussions and panels. The Diversity Symposium includes representatives by several key companies and government agencies within the mortgage industry.

Participants in the CFPB's Divesity and Inclusion Meeting meeting included representatives from the mortgage industry, including from larger and smaller banks, as well as some nonbank financial companies. In addition, staff from the OWMI of other federal agencies, including the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), Federal Reserve, and Federal Housing Finance Agency (FHFA) were included.

On May 11, the second annual Five Star Diversity Symposium will be held in Dallas, Texas. The Diversity Symposium is a day-long event focused on advancing the conversation on diversity within the mortgage industry, and will feature keynote addresses from diversity leaders as well as roundtable discussions and panels.