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While Black-owned residential properties increased in value by 42.5%, compared with 38.2% for all houses, Nicole Bachaud, senior economist with the company noted that "we're still a long way from housing equity."

The indictment mirrors one filed in a neighboring Florida community in May 2022, which accused a loan officer of running an identical mortgage fraud scheme. It is unclear whether the two cases are connected.

Financial terms were undisclosed for the most recent acquisition.

The company reported an $80 million loss for the three-month period on mortgage servicing rights declines but $26 million in net income for the year.

Cheryl DeMars is the president and CEO of The Alliance.

Josh Butler is the founder and CEO of CompScience.

Monnencia S. Riley, market director and financial advisor with the Thrivent Great Lakes Advisor Group in Iron River, Michigan, has worked in the financial services industry for 15 years. She is passionate about bridging the wealth gap to assist with the economic disparity the United States faces and believes that working together across cultures will help achieve those objectives.

The lack of housing — particularly on the lower price range — is becoming an increasingly urgent political issue. But it's also a twisted bramble of tradeoffs that politicians are reluctant to touch.

But full year net income was more than double that for 2021, helped by an exchange of Dun & Bradstreet stock for the remaining equity in Optimal Blue.

However, while the "market share" analysis is a useful check on the reasonableness of benchmark levels, it is impacted by any errors in the HMDA data, notes a former principal economist at the Federal Housing Finance Agency,