The Black Homeownership Collaborative also asks HUD to ditch a “life of loan” requirement that forces homeowners to continue paying mortgage insurance premiums in perpetuity. Continue reading
Women and adults under 30 did see improvements to their credit scores in pioneering a randomized study of 5,854 prospective first-time homebuyers. Continue reading
New residential construction dipped in June, with building permits, housing starts and housing completions ticking down modestly, according to U.S. Census Bureau data released Tuesday. Continue reading
Longer loans, including a 50-year concept recently floated in the U.K., are sometimes framed as a way to improve housing affordability. But the experts aren’t convinced. Continue reading
Housing starts clocked in at a seasonally adjusted rate of 1,549,000, a 14.4 percent decline from revised April levels, according to the U.S. Census Bureau and Dept. of Housing and Urban Development. Continue reading
New home sales took a hit for the fourth-straight month in April as buyers grappled with the new reality of rising home prices and mortgage rates in excess of 5 percent, according to Census Bureau data. Continue reading
One month after the Biden administration announced its $86 million five-point plan to combat racial discrimination in the lending and appraisal industries, the Department of Housing and Urban Development has released its own equity action plan that out… Continue reading
The five-point plan seeks to make the appraisal industry more accountable, arm consumers with assistance, prevent algorithmic bias, cultivate a more diverse appraisal industry, and leverage federal data to benefit research and policymaking. Continue reading
The New York-based startup helps lenders discover bias in algorithms and take a second look at rejected applicants using “cutting edge AI fairness techniques.” Continue reading
Sales of new single-family homes notched a seasonally adjusted annual rate of 800,000 in September 2021, while the median sales price hit a new record of $408,800. Continue reading