"This bill will hold banks accountable to the local communities where they have branches or do most of their lending,” said Chairwoman Maxine Waters. She added that the legislation would strive to encourage banks’ investment in the communities they serve and to help close the widening racial-wealth gap.
The post Chairwoman Waters Announces Legislation to End Modern-Day Redlining appeared first on theMReport.com.
According to a recent Redfin survey, nearly one-quarter (23.8%) of young Americans who recently purchased a home used family funds to assist with their down payment. In this article, “family...
As mortgage servicers continue accelerating eNote adoption, those who delay risk falling behind operationally and competitively as their portfolios evolve. The post Servicers Increasingly Adopting...
“We’re eliminating needless delays that stand in the way of access to critical financing, which helps vulnerable Americans access vital services," said HUD Secretary Scott Turner. "The result is a...
A new report examines the issues that property owners nationwide in high flood risk areas may encounter should the Federal Emergency Management Agency (FEMA) and the National Flood Insurance...
The End Junk Fees for Renters Act looks to eliminate excessive and dishonest junk fees that renters encounter when looking for and securing housing. The post Legislation Aims to Ban Hidden Fees,...
According to a recent report, as rising prices and record high financing costs are keeping many potential homebuyers out of the market, a greater share of real estate investors are acquiring...
As the U.S. housing shortage grows to an all-time high, furthering the housing deficit, "the unfortunate fact is that we still don't have enough housing in this country for people who need it,"...
David Leskovar of Bindable discusses ways in which lenders can enhance the borrower experience, by unlocking new revenue streams, and increasing customer loyalty. The post More Than a Mortgage:...
Lower incomes, limited wealth, credit challenges, and rising housing costs are locking many younger Hispanic households out of homeownership. The post Young Hispanic Families Facing Steeper...
As new Comptroller of the OCC, Jonathan Gould will serve as the administrator of the federal banking system and CEO of the agency. The post Senate Confirms Jonathan Gould as Comptroller of the...
In the latest public criticism of Jerome Powell by the Trump administration, Office of Management and Budget Director Russell Vought wrote a letter to the Fed Chair, attacking his management of...
The SWBC Foundation has announced a $100,000 donation to the Kerr County Flood Relief Fund, managed by the Community Foundation of the Texas Hill Country. This contribution will help provide vital...
"This new process will cut the time between application submission and issuance of a Firm Commitment by 90% for qualified Residential Care Facilities," HUD said in an X post. The post HUD Launches...
Federal agencies begin to streamline the home appraisal process by disbanding Biden-era task force policies in an effort to improve efficiency, reduce regulatory burden, and expand access to...
Sens. Mike Rounds, Tina Smith, Mike Crapo, and Jack Reed have introduced the Reducing Homelessness Through Program Reform Act, a measure drafted to cut red tape and formulate solutions to address...
"Renters have the upper hand—at least for now—because there are a near-record number of apartments coming on the market that landlords are scrambling to lease," said Sheharyar Bokhari, Senior...
A new report from the Federal Reserve Bank of New York found that U.S. households were more optimistic about their year-ahead financial situations and credit access, with improvements reported in...
Targeting a reported $2.5 billion renovation to the Federal Reserve’s headquarters in D.C., President Trump called for an inquiry into Fed Chair Jerome Powell amid his refusal to cut interest...
With new actions from HUD Secretary Scott Turner, President Trump has declared a major disaster for the State of Texas, offering immediate assistance for over 900 FHA single-family mortgages in...
A new report from the Bureau provides data on the American population who do not have a credit record, or have insufficient credit history to have a credit score. The post CFPB Updates Data on...
