Racial bias

Some states are increasing their requirements for home valuation professionals as housing officials warn that they consider mortgage lenders responsible for equitable practices too.

Solidifi will team up with the initiative originally launched by the National Urban League and Fannie Mae.

The fintech’s algorithms are programmed like "Tesla’s self-driving cars," according to the company’s CEO.

A crackdown is coming at a particularly awkward time for the financial industry: bankers are pressing government authorities to approve mergers and acquisitions at one of the fastest clips since the 2008 financial crisis and to get their paydays linked to those deals, more executives may feel pressure to resolve government claims.

Industry professionals share their experiences of racism and sexism on the job and offer the best ways to help eliminate it.

With state policy increasingly focused on boosting development to address the housing affordability crisis, California adopted measures Tuesday to combat discrimination in the housing market.

Co-chair Susan Rice, a former United Nations Ambassador, has made racial equity a central issue to her agenda as domestic policy council chair.

In late July, the Justice Department notified the Houston bank of a potential lawsuit alleging violations between 2013 and 2017, according to a securities filing. Cadence said that its prospective merger partner, BancorpSouth, supports the settlement discussions.

The pandemic made it harder for many Americans to qualify for mortgages. But it hit middle-to low-income minority borrowers harder than most.

In the midst of ongoing discussions on how to better leverage analytics and digitize the home inspection process, there are some clear actions that we can take to reduce bias in the mortgage industry, writes the executive vice president of corporate strategy at Clear Capital.