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Originations forecast through 2026 dampened by inflation, GDP and labor market growth

The forecast from iEmergent says that GDP growth, labor market trends and interest rates are pushing a conservative outlook through 2026.

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Report Reveals Ongoing Impact of Redlining on Home Ownership

A new National Community Reinvestment Coalition report reveals that race-based exclusion from home ownership persists despite the Fair Housing Act.

White houseDistrict of columbiaUnited statesEbony mcmorrisCommunity reinvestmentNational community reinvestment coalitionUniversity of michiganFair housing actMortgage disclosure actCommunity reinvestment actAffirmatively furthering fair housingHouse correspondent ebony

Black Homeownership Rate Increases But Remains Below 2004 Level

Black Homeownership Rate Increases But Remains Below 2004 Level
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Black mortgage applicants are denied twice as much as others

24% of applications from Black borrowers are denied, a Zillow report found

United statesSherrod brownOrphe divounguyDepartment of housingConsumer financial protection bureauNavy federal credit unionBlack americansMortgage disclosure actNavy federalUrban development

United States - Financial Services - FDIC Announces $1 5 Million Settlement With Arkansas-Based Bank And Employees

On May 17, 2024, the Federal Deposit Insurance Corporation (FDIC) announced a settlement with an Arkansas bank and nine of its employees, resolving allegations.

United statesDeposit insurance corporationDepartment of veteran affairsFederal deposit insurance corporationFederal trade commission actReal estate settlement procedures actFair credit reporting actMortgage disclosure actPay civil money penaltyVeteran affairs

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