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MBA/Urban Institute Report Finds IMB Lending to Minority Neighborhoods/Borrowers Exceeds Banks
A report by the Urban Institute, commissioned by the Mortgage Bankers Association, found independent mortgage bank lending to low- and moderate-income neighborhoods, predominantly minority neighborhoods and LMI predominantly minority neighborhoods is much higher than bank lending in those neighborhoods.
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MISMO Seeks Members for Verifiable SMART Doc 3.0 Profile Development Workgroup
MISMO®, the real estate finance industry standards organization, encourages members to join the Verifiable SMART Doc® 3.0 Profile workgroup to hear about the latest efforts, to collaborate and contribute to MISMO work efforts.
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Redfin: Home Prices See Sharpest Monthly Drop in Decade
Redfin, Seattle, reported the median U.S. home price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012.
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FHFA Issues Notice of Proposed Rulemaking on Fair Lending Oversight
The Federal Housing Finance Agency seeks comment on a proposed rule that would formalize many existing practices regarding fair housing and fair lending oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks.
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STR: Hotel Pipeline Shows Confidence in Business Travel
Hotel developers show confidence in upper-upscale properties despite the segment’s slow recovery from the COVID downturn, reported STR, Hendersonville, Tenn.