Diversity and equality

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.

An audit found that mostly wealthy, white homeowners in urban counties were benefiting from the century-old policy.

This follows the publication last week of an investigation that found that the bank had in 2020 approved only 47% of applications to refinance mortgages completed by Black homeowners compared with 72% of those from White applicants.

Join Maggie Kimberl, President of the Bourbon Women Association for a peek behind the scenes of the bourbon industry. Learn more about the women that are rising in the male-dominated spirits sector, the proper bourbon tasting technique and a little bit of the history of bourbon.

The long-awaited Community Reinvestment Act reform plan is likely to address climate change and bank partnerships with nonbank lenders, while also taking into account the shrinking number of U.S. bank branches, government officials said Monday.

New research shows that young Americans are finding it increasingly difficult to buy a home of their own. The co-author of a series of reports will delve into discoveries around the factors why.

Mortgage companies can open doors to homeownership for more minorities by incorporating low-down-payment financing options; closing cost credits; down-payment assistance; diverse, in-market sales teams ready to provide access and support; and more, writes the chair of the Mortgage Bankers Association.

The complaint seeks unspecified damages over the bank’s mortgage origination and underwriting practices, alleging minority homebuyers were excluded from affordable, low-risk loans.

The National Fair Housing Alliance's framework, named Purpose, Process and Monitoring, looks to examine the lifecycle of an artificial intelligence model in order to avoid unfairly discriminatory outcomes.

Housing rights advocates said minority home-buyers and homeowners in 39 U.S. metropolitan areas will receive the funds as a result of a legal action alleging racial discrimination in the government-sponsored enterprise's foreclosure practices.

The researchers found that the disparities that emerged from the analysis of 1.8 million appraisals from 2019 and 2020 were statistically significant.

Experts discuss the proliferation of chief diversity officers across the industry and what it may mean for future progress in diversity.

Wayne County, Michigan's use of Delinquent Tax Anticipation Notes is an extreme example of a nationwide phenomenon: Local officials use fines and foreclosures or tax lien sales as cudgels against people who haven’t paid their property taxes. Some municipalities’ efforts to securitize or sell the debts have led to a broad, upward transfer of wealth that’s rooted in fundamentally unfair tax systems.

A Dallas policy that is supposed to tackle affordable housing shortages doesn't do enough to address systemic racial and economic barriers residents face, according to a new report.

The Federal Housing Finance Agency found several comments that could lead to fair lending concerns in the “neighborhood description” section of reports.

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

CalHFA’s executive director Tiena Johnson Hall discusses her agenda for encouraging affordable housing development in the inventory-strapped state.

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