The pending budget reconciliation legislation should retain measures meant to support minority homebuyers writes the President of the National Association Of Real Estate Brokers.

The brokerage will eliminate its minimum housing price policy, which determines who can access its services, among other changes.

Allowing VantageScore to compete in the mainstream mortgage market may help to close the racial homeownership and financial wealth gap by increasing homeownership opportunities for underserved populations, writes the president and CEO of HomeFree-USA.

The bank asked to move the discrimination case from a Black magistrate to a supervising White district judge, which attorneys for plaintiffs said was an attempt to ‘redline the federal court.’

The municipality and the bank have been at odds over similar issues in the past, and no agency currently has deposit accounts with the lender.

In conversation with Patti Cook, CEO of Finance of America Companies

Wells Fargo won an early round in a lawsuit accusing the bank of running a predatory mortgage lending scheme in the Atlanta area before the 2008 financial crisis and continuing to discriminate against minorities for more than a decade afterward.

Lawmakers also asked officials to include more perspectives from Veterans Affairs and USDA representatives and increase focus on manufactured home valuations.

The actions involved are based on findings by an interagency task force first convened last year by Marcia Fudge, secretary of the Department of Housing and Urban Development.

The class action complaint comes after U.S. senators called on regulators to investigate the bank’s alleged treatment of minority homeowners.