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Government down payment assistance helps close the wealth gap

Print this article Today’s skyrocketing home prices, coupled with the uneven economic recovery from the COVID-19 pandemic, continue to push America’s haves and have-nots further and further apart. And sadly, the pandemic has only made it worse especially for minority communities. As we come out of the fog of the pandemic, these groups face a particular challenge in pursuing the American dream of homeownership: the lack of intergenerational wealth to assist them with a down payment. Current homeownership rates reflect a deep and increasing inequality between black and white families that are eerily similar to what we saw at the height of the civil rights debate and the enactment of the Fair Housing Act in 1968. Without government-provided down payment assistance, the path to homeownership would be even steeper for many borrowers. While some can rely on family members to help with their down payment, such gifts are not widely available to all borrowers, especially those who la

Marcia Fudge s Being Sworn in as HUD Secretary is Great News for Minority Homebuyers

Marcia Fudge s Being Sworn in as HUD Secretary is Great News for Minority Homebuyers CBC Mortgage Agency says President Biden s memorandum on redressing discriminatory housing practices will also help widen the path to homeownership News provided by Share this article Share this article CEDAR CITY, Utah, March 11, 2021 /PRNewswire/  CBC Mortgage Agency (CBCMA), a nationally chartered housing finance agency and a leading source of down payment assistance for first-time homebuyers, said Marcia Fudge s swearing in as secretary of the Department of Housing and Urban Development is great news for minority homebuyers, who typically face significant barriers to homeownership. CBCMA also welcomed the president s recent executive order on redressing discriminatory housing practices and policies.

Marcia Fudge s Being Sworn in as HUD Secretary is Great News for Minority Homebuyers

Marcia Fudge s Being Sworn in as HUD Secretary is Great News for Minority Homebuyers
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CBC Mortgage Agency Names Tai Christensen Diversity, Equity & Inclusion Officer

CBC Mortgage Agency Names Tai Christensen Diversity, Equity & Inclusion Officer Christensen to promote culture of inclusion for all employees, regardless of race, ethnicity and gender identity News provided by Share this article Share this article CEDAR CITY, Utah, March 9, 2021 /PRNewswire/  CBC Mortgage Agency (CBCMA), a nationally chartered housing finance agency and a leading source of down payment assistance for first-time homebuyers, has named Tai Christensen its diversity, equity and inclusion (DEI) Officer for 2021. In her new role, Christensen will lead an effort to promote a culture of inclusion for employees of all races, ethnicities, and gender identities. Christensen began her real estate finance career more than 14 years ago as a mortgage processor. She joined CBCMA in 2018 and has served in her role as director of government affairs since 2019, a position she will maintain alongside her new role.

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