...denied a mortgage," Kapfidze reported. "Furthermore, the legacies of historical policies meant to disenfranchise Black homebuyers, like 'redlining', also contribute to the disproportionately low homeownership rates among Black Americans today."...
Read More »Search Results for: Redlining
Banking Committee Approves Marcia Fudge’s Nomination to be HUD Secretary
...Yes In My Backyard (YIMBY) Act, during his questioning, drew a clear line from the redlining practices of the early 20th Century to the widespread use of exclusionary zoning laws...
Read More »Housing Advocates Urge Senate: ‘Move Quickly to Confirm Fudge’
...My Backyard"). Senator Brian Schatz, the Senate Democratic lead on the Yes In My Backyard (YIMBY) Act, during his questioning, drew a clear line from the redlining practices of the...
Read More »The ‘Unclear’ Future of the Community Reinvestment Act
A primary goal of 1977's Community Reinvestment Act (CRA) was to reverse the effects of redlining, a practice by which the federal government and banks actively avoided lending to borrowers...
Read More »Industry Pulse: Compliance Technology Advancements and New Office Expansions
...Security (CARES) Act. RiskExec is a comprehensive web-based compliance reporting and analysis platform that automates Home Mortgage Disclosure Act, Community Reinvestment Act, redlining analysis, and fair lending compliance processes. Developed...
Read More »Asurity Announces Launch of RiskExec’s Proprietary Fair Servicing Module
...web-based compliance reporting and analysis platform that automates Home Mortgage Disclosure Act, Community Reinvestment Act, redlining analysis, and fair lending compliance processes. Developed by Asurity, which delivers end-to-end products and...
Read More »Challenges Remain When Chasing the American Dream
...1930s, a practice called "redlining" widely denied mortgages in neighborhoods deemed "hazardous," which were predominantly non-white. Though outlawed in 1968 as part of the Fair Housing Act, homes in formerly...
Read More »Making America’s Housing More ‘Equitable’
...redlining, is no longer legal, it has left lasting impacts. The FHA relied on those early “redlined” maps to determine where it should insure mortgage loans, and between 1934 and...
Read More »Mortgage Brokerage Responds to CFPB’s Claims
...conducted redlining practices against African Americans between 2014 and 2017. The CFPB charged Townstone with violating the Equal Credit Opportunity Act (ECOA) and Regulation B, its implementing regulation, and with...
Read More »Legislation to Reverse CRA Changes Approved by House
...housing in Opportunity Zones, providing no direct benefit to LMI communities,” Waters stated. Waters also asserted that redlining has been detected in 60 metros despite 98% of banks passing their...
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