As mortgage originators navigate one of the tightest margin environments in a generation, the pressure to slash operational costs has reached a fever pitch. In response, a polarizing debate has emerged across the industry: Can lenders safely cut corners on credit data to achieve short-term line-item savings? While comparing a 30-year home loan to a […]
Bank of America said Thursday that it will continue its Community Homeownership Commitment program after surpassing its original goal of delivering $15 billion in affordable home loans and grants. The program, launched in 2019, has provided more than $15 billion in affordable home loans. This total includes more than $600 million in down payment and
Bank of America extends Community Homeownership Commitment program Read More »
Homeowners are facing a crisis. A crisis in property insurance. A crisis in affordability. And with hurricane season fast approaching, a growing sense of anxiety across the Southeast about what comes next. We have seen this before. Hurricanes Helene and Milton caused more than $100 billion in damage across Florida alone, according to the National
R-PACE financing for Florida home resilience upgrades Read More »
Ashley Thomas III has assumed the presidency of the National Association of Real Estate Brokers (NAREB) — the nation’s oldest and largest Black real estate organization — with an agenda focused on expanding homeownership access. Thomas, a housing policy and wealth equity strategist with more than 25 years of experience across real estate, lending and
NAREB president calls for ‘optimistic underwriting’ to expand homeownership Read More »
Older Americans now hold as much real estate wealth as middle-aged homeowners, illustrating the widening gaps in homeownership access and long-term home price gains. An analysis from Redfin, based on data from the Federal Reserve Board, found that Americans ages 70 and older controlled roughly 26% of the nation’s $48 trillion in real estate wealth
Older Americans maintain record share of housing wealth Read More »
Three Georgia state representatives have introduced legislation aimed at stripping homeowners associations (HOAs) of their ability to foreclose on homes while and giving residents a direct vote on whether to dissolve their associations. State Reps. Sandra Scott, Viola Davis and Kim Schofield introduced the two bills in late January. Each are now moving through House
Georgia legislation would curb HOA foreclosures as senior fights loss of his house Read More »
President Donald Trump has floated proposals to make it easier for Americans to pull from their 401(k) retirement accounts to buy a home — framing the idea as a way to boost homeownership and financial stability. But financial experts say the strategy could undermine long-term financial security, particularly as housing costs rise and retirement savings
Tapping a 401(k) for homeownership is risky business, experts say Read More »
Chris Heller has joined PLACE as its chief revenue officer, a newly created role. The company said Heller will oversee revenue strategy across its technology and services portfolio — including pricing, customer acquisition, retention and cross-platform integration. His responsibilities will also include improving revenue performance across existing business units and identifying new growth opportunities across
Chris Heller joins PLACE as chief revenue officer Read More »
President Donald Trump’s expected proposal to allow Americans to tap their 401(k) retirement accounts without penalties to fund down payments could ease one of the biggest barriers to homeownership, but it could come at the cost of weakening long-term retirement security. The idea was absent from Trump’s speech on Wednesday at the World Economic Forum
Trump’s 401(k) proposal could help homebuyers, hurt retirement funds Read More »
As we prepare to celebrate Martin Luther King Jr. Day, it’s important to pause and reflect not only on Dr. King’s national legacy, but also on the work he did in my hometown of Chicago that continues to shape lives, opportunities and generational progress today. Dr. King’s Chicago campaign and the fight for fair housing
How MLK’s Fight for Homeownership Equality Changed My Life Read More »