September 25, 2020
Landlords increasingly use screening services to weed out renters. Advocates say both landlords and the algorithms should be accountable when things go wrong. Click here to read more.
September 22, 2020
Senate Democrats released a report Monday alleging that the Trump administration has undermined fair housing policies and exasperated racial inequities. Click here to read more.
September 19, 2020
With more sales conducted online, there’s hope that discrimination in car buying will begin to fade. In 2018, the National Fair Housing Alliance released a study on car buying, comparing the experience of white people with that of non-white people. White people were given more favorable financing options, with non-white car buyers paying an average of $2663 more over the course of their loans than less qualified white people. Click here to read more.
September 18, 2020
Lisa Rice, the president and chief executive of the National Fair Housing Alliance, said she was skeptical when mortgage lenders said their algorithms considered only federally sanctioned variables like credit score, income and assets. “Data scientists will say, if you’ve got 1,000 bits of information going into an algorithm, you’re not possibly only looking at three things,” she said. “If the objective is to predict how well this person will perform on a loan and to maximize profit, the algorithm is looking at every single piece of data to achieve those objectives.” Read more here.
September 17, 2020
When Joe Biden’s campaign unveiled its housing plan, one word near the top jumped out. The plan, which would invest $640 billion over 10 years, vows to end discriminatory and unfair practices in the housing market, including “redlining.” Read the full article here.
September 17, 2020
About one million homeowners have fallen through the safety net Congress set up early in the coronavirus pandemic to protect borrowers from losing their homes, according to industry data, potentially leaving them vulnerable to foreclosure and eviction. Click here to read more.
September 14, 2020
Housing discrimination is illegal, and there has been anti-discrimination legislation on the books for over 50 years. Yet the practice persists today.
Instances of discrimination aren’t always clear-cut, and confronting them can be intimidating. Understanding your rights and protections as a homebuyer or renter can help you prevent and identify unfair treatment. Read more here.
September 9, 2020
Late on Friday afternoon, as millions of Americans turned their attention to the upcoming Labor Day weekend, the U.S. Department of Housing and Urban Development announced its final rule regarding “disparate impact,” a legal doctrine that protects minorities from adverse practices and policies, even if discrimination isn’t explicit. Read more here.
September 8, 2020
Inman sat down with the National Association of Realtors Director of Fair Housing Policy Bryan Greene, National Fair Housing Alliance VP of Housing Policy Debby Goldberg, and Urban Land Institute Housing Center Director Christopher Ptomey to get the answers to your most urgent questions about AFFH and what it means for real estate. The U.S. Department of Housing and Development declined the request for an interview. Click here to read more.
September 1, 2020
On Monday, President Trump did an interview with Fox’s Laura Ingraham that has incited reactions from both parties. After comparing police shootings to golfing (yes, really), the president went on to shamelessly attack Sen. Cory Booker. Click here to read more.
August 24, 2020
Last month, the Trump Administration set off alarm bells when it repealed the 2015 Affirmatively Furthering Fair Housing regulation. The Obama-era rule sought to reinforce the 1968 law by requiring cities to more rigorously examine local housing patterns for racial segregation and come up with plans to address any measurable bias. Click here to read the full article.
Why the homeownership gap between White and Black Americans is larger today than it was over 50 years ago (CNBC)
August 21, 2020
For more than 30 years, Parker McAllister’s parents have held onto the Brooklyn, New York, brownstone they purchased in 1985 for about $91,000.
After raising two kids in the home, McAllister’s parents now have three tenants living in their Bedford-Stuyvesant multi-family property so they can keep up with mortgage payments. Click here to read more.
August 17, 2020
Your budget, where you work and the spots you frequent are all factors in determining where you’ll live next. But what if your budget or expected commute has you checking out streets, boroughs or districts you’re not familiar with?
To make your move a smart one, it’s important to figure out if the neighborhood you’re considering will be a good fit in terms of walkability, safety and other factors. Click here to read more.
August 17, 2020
Forecast plus what’s driving mortgage rates today. Click here to read more.
August 14, 2020
After Fannie Mae and Freddie Mac announced an added 50 basis point fee to all refinances, the housing industry was quick to react. Click here to read more.
Refinancing your mortgage will cost more thanks to a new fee from Fannie Mae and Freddie Mac (MarketWatch)
August 14, 2020
Fannie Mae and Freddie Mac are rolling out a new ‘adverse market fee’ in light of the coronavirus pandemic. Critics of the move say it will cost homeowners thousands of dollars. Click here to read more.