As real estate professionals, we are often our clients’ first and sole trusted advisers, writes Dr. Lee Davenport. It’s key that we proactively “school” them on what fairness in real estate looks like. Continue reading
FNB’s 2017 acquisition of Yadkin Bank for $1.8 billion expanded its footprint into North Carolina, where the DOJ alleges it avoided providing mortgages to majority-Black and Hispanic communities. Continue reading
Government alleges competitors in Patriot’s peer group made home loans in minority areas of Memphis at almost three times the rate of Patriot from 2015 to at least 2020. Continue reading
Lawmakers are demanding a federal investigation in the wake of a CNN analysis that concluded the nation’s largest credit union denied more than 50 percent of Black mortgage applicants in 2022. Continue reading
Real estate agents play a vital role in creating a fair and inclusive housing market, writes Julia Lashay Israel. By understanding and adhering to fair housing laws, agents contribute to eliminating discrimination and promoting equal opportunities for … Continue reading
Access to safe, traditional credit building is especially limited in Black neighborhoods, a report from Zillow shows, highlighting lingering effects from redlining that keep those households renting instead of owning a home. Continue reading
In announcing the $9 million settlement with the Florida lender, Attorney General Merrick Garland said DOJ “currently has over two dozen active investigations into redlining, spanning neighborhoods across the country.” Continue reading
Washington Trust “vehemently” denies the allegations but joins a long list of lenders who have coughed up $98 million in settlements since the DoJ launched an anti-redlining initiative in 2021. Continue reading
Safe, affordable housing should be accessible for everyone, writes new contributor Nora Crosthwaite. As Realtors, our responsibility is to our clients, no matter who they are. Continue reading
With Fannie and Freddie leading the charge, a growing number of lenders are using special purpose credit programs to boost homeownership in underserved communities. Continue reading