According to a new Redfin survey, discrimination drove roughly 1 in 10 Black, Hispanic, and LGBTQ+ respondents away from their previous residences. In addition, some 32% of Black and Hispanic respondents reported facing discrimination during their recent home search, while 22% of LGBTQ+ respondents reported feeling the same.
Read More »Advancing Latino Homeownership and Housing Stability
Latino homeownership lagged 22 percentage points behind white homeownership in 2021 and experienced significantly higher mortgage denial rates than their white counterparts, according to Fannie Mae’s new Latino Housing Journey. Click through for more on the disparities Latino households face and policy solutions that could increase homeownership opportunities.
Read More »Housing Vouchers Could Be Key to Reducing Racial Homeownership Gaps
The Housing Choice Voucher homeownership program could help reduce the racial homeownership gap in the U.S., allowing households with a voucher to use it for mortgage payments rather than rent, advancing homeownership opportunities for Black non-Hispanic households.
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 »Expert Insights: Understanding the Impact of Home Valuation Process Bias
Tai Christensen, DEI Officer of CBC Mortgage Agency, discusses how bias in the home valuation process impacts prospective homebuyers in communities of color.
Read More »Homeowners in Redlined Neighborhoods Have Declining Home Equity
A new report found homes in redlined areas gained 52% less value, more than $200,000, over the past 40 years.
Read More »Supreme Court Hears Arguments in Redlining Case
The presidential election was not the only major government activity happening in Washington, D.C. on Tuesday.
Read More »CFPB & DOJ Hit Hudson City With $25 Million ‘Redlining’ Fine
The Consumer Financial Protection Bureau and the Department of Justice have taken action against Hudson City Savings Bank for discriminatory redlining practices, according to an announcement Thursday.
Read More »Wells Fargo Accused of ‘Redlining’ in Lawsuit by City of Oakland
The city of Oakland, California, has filed a lawsuit against Wells Fargo accusing the bank of reverse redlining by targeting minorities for high-cost mortgage loans which later led to foreclosures and blight when the borrowers defaulted.
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