Why the lending industry needs to make homeownership more inclusive

The homeownership gap between Black and white populations has widened in the years since the Great Recession, putting obstacles in the way of achieving wealth for a large percentage of Americans. How did we get here, and what do the housing and home lending industries need to do to change the current course?

Fannie Mae, Freddie Mac shifts and lender impact
Senate Unveils Plan To Fast-Track Tax Cuts, Debt Limit Hike

The Senate version includes restoration of the mortgage interest deduction, but a tax code revision likely would stifle foreign investment in real estate.

Scott Turner HUD

The department's head pointed out that manufactured housing is the most affordable non-subsidized option for building homes.

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Maintenance of key mortgage tools requires a nuanced strategy as the full cost will stretch across the tech stack, but inaction could be worse, experts say.
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Depositories, credit unions and nonbank lenders have different needs from their loan origination software, and smaller lenders are more agile customers.