Access Denied episode 1: The wealth effect
Net worth disparities and the role housing and mortgage discrimination play in Black homeownership show that it's impossible to close the gaps without eliminating racism. ... Read full article
News Topic: Urban Institute
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Fed to pitch CRA revamp of its own as regulators chart different paths
The Federal Reserve Board will discuss an advance notice of proposed rulemaking on the Community Reinvestment Act at an open meeting. The central bank had previously declined to support an OCC rule overhauling the 1977 law. ... Read full article
Trump administration takes giant step backward on racial equality
Revamping the doctrine of disparate impact doctrine, as HUD proposes, would gut fair housing enforcement. ... Read full article
FHFA takes another big step toward single security for GSEs
The Federal Housing Finance Agency issued a proposal Wednesday that would require mortgage giants Fannie Mae and Freddie Mac to align their policies on cash flows for current mortgage-backed securities, and eventually for a uniform security when it is ... Read full article
Laurie Maggiano, HAMP architect, CFPB program manager, dies at 64
Laurie Maggiano, the Consumer Financial Protection Bureau's program manager for servicing and secondary markets, died on Sunday. ... Read full article
How Trump can make the FHA more lender friendly
The Federal Housing Administration's gateway to homeownership could be widened if the Trump administration takes actions to reduce mortgage insurance premiums and clarify lender penalties under the False Claims Act. ... Read full article
First-time homebuyer market making comeback
For the first time in a decade, new owner households created in the first quarter were higher than the creation of renter households. ... Read full article