A little more than a month ago, Rep. Marcia Fudge, D-Ohio, voted “yes” to approve the American Rescue Plan, a nearly $2 trillion initiative by the Biden Administration to support the economy. Now, as HUD Secretary, it’s her job to put key provisions of the legislation into action.
Brookings Institution Senior Fellow Andre Perry says Black-owned homes are “systemically undervalued,” with obvious adverse consequences for wealth accumulation. And he has some ideas about what can be done.
The Federal Housing Finance Agency said it would extend some temporary loan origination flexibilities for Fannie Mae and Freddie Mac through May 31—and that’s it.
The National Association of Hispanic Real Estate Professionals released its 2020 State of Hispanic Homeownership Report, showing for the sixth consecutive year, Latinos increased their homeownership rate, despite the coronavirus pandemic.
In her keynote address Tuesday at the Mortgage Bankers Association’s Spring Conference & Expo, MBA Chair Susan Stewart tapped into the collective frustration and hope of the entire real estate finance industry—and the nation—with a simple sentence.