Broeksmit Weighs in on How to Narrow Minority Homeownership Gap

Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, said Special Purpose Credit Programs can provide lenders with an effective way to serve minority groups who do not have access to generational wealth.

MBA Selects Philadelphia as its Third CONVERGENCE City

The Mortgage Bankers Association selected Philadelphia as the site for its next CONVERGENCE initiative, a place-based partnership focused on narrowing the racial homeownership gap. CONVERGENCE Philadelphia will launch in early 2023, joining CONVERGENCE initiatives in Memphis, Tenn., and Columbus, Ohio.