MBA, NFHA Launch Online Toolkit for Special Purpose Credit Programs in Underserved Communities

The Mortgage Bankers Association and National Fair Housing Alliance announced a new online toolkit for mortgage lenders interested in developing Special Purpose Credit Programs, which permit lenders to offer mortgage credit to economically and socially disadvantaged borrowers and are an important tool for ensuring financial institutions can meet the needs of their consumers.

Parkes Dibble: Working with Self-Employed and Underserved

Today, mortgage lenders are almost as likely to meet a potential homebuyer who is self-employed, or part of the gig economy. According to a study from the Freelancers Union Freelancing in America: 2019, 57 million Americans—or 35 percent of the US workforce-are self-employed.