MReport September 2021

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT FINAL THOUGHTS From Here to Equality The ability to secure a home loan favors buyers with more traditional types of credit history and those who can afford 2021's higher-than-ever home prices, leaving behind some qualified homebuyers, particularly members of Black and Hispanic populations. Regulators, lawmakers and housing professionals are looking closely at the issues and for solutions that could lead to a more equitable and fair housing-finance system. "uneven" Dave Uejio, CFPB Acting Director, on economic recovery for Black and Hispanic borrowers compared to their white counterparts "noticeable shift" George Ratiu, Senior Economist on the housing market's gradual return to more normal seasonal trends "disproportionately represented" Hugh Frater, Fannie Mae CEO on opportunities for Black Americans to establish adequate credit for securing a mortgage "far from typical" Daryl Fairweather, Redfin Chief Economist on affordability challenges that remain pronounced even as conditions veer toward balanced "a human right" Ron Wyden, Senate Finance Committee Chair on the introduction of the Decent, Affordable, Safe Housing for All Act to expand homeownership opportunities for all

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