The Federal Housing Finance Agency (FHFA) and the Department of Housing and Urban Development (HUD) have published their new Reconsideration of Value (ROV) policies to address concerns raised by potential disparities in residential property appraisals. An ROV is a...
The California Dream for All program, a loan application for first-time home buyers, will allocate $250 million its second annual round beginning on April 3. According to a KQED report, last year’s inaugural cohort allocated roughly $300 million of funding within 11...
One-third (33%) of Black millennials own their home, compared to two-thirds (65%) of White millennials, according to a new data analysis by Redfin (NASDAQ:RDFN). This represents the largest disparity gap in homeownership among any generation. Redfin determined that...
A new data study by LendingTree (NASDAQ:TREE) on racial disparities in homeownership has determined Black people make up an average of about 15% of the population across the nation’s 50 largest metros, but they only own an average of 10.15% of homes. In comparison,...
The question of whether artificial intelligence (AI) can bridge the widening racial disparity homeownership gap or if it could make it worse is the subject of the new research paper “Harnessing AI for Equity in Mortgage Finance,” created in collaboration of Federal...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
