Urban Institute research shows the inability to repay debt or build generational wealth widens the racial wealth gap.
Katie Jensen is a mortgage news reporter at NMP.
Urban Institute research shows the inability to repay debt or build generational wealth widens the racial wealth gap.
The $5,000 grant can be applied toward two of the biggest barriers to homeownership: down payment and closing costs.
Homes in white neighborhoods are assessed at double the value of comparable homes in communities of color.
Around 100 staff members were laid off, according to a source that works for the company.
Reinforces previous conclusion from its first report that its AVM did not display racial bias.
Union Homes raided 51 employees responsible for over $400 million in origination volume last year, the lawsuit states.
CEO compares company to Navy SEALs: not all can make it
'We've taken our industry leading technology and made it a one-stop-shop for non-delegated correspondent lenders."
The lawsuit claims the CFPB is exceeding its statutory authority outlined in the Dodd-Frank Act.
The effort is specifically targeted toward Black and Latinx households.