Fighting Discrimination in the Housing Market Takes a Strong FHA
5/16/2018 11:38:58 AM

By Charlene Crowell   In the classic movie film, “Gone with the Wind,” the owner of the Tara plantation admonished his daughter for remarking that she didn’t care about her home. In a sharp rebuke, Gerald O-Hara declared that “land was the only thing worth living for, worth fighting for…worth dying for.” For the fictional O’Hara family, Tara was their home, and the source of the family’s wealth. Fast forward to the 21st century, having a home remains a rock-solid route to building wealth that grows and becomes a key...

Racial Mortgage Disparities Persist as Federal Housing Enforcement Lags
5/8/2018 10:56:27 PM

By Charlene Crowell   In the classic movie film, “Gone with the Wind,” the owner of the Tara plantation admonished his daughter for remarking that she didn’t care about her home. In a sharp rebuke, Gerald O-Hara declared that “land was the only thing worth living for, worth fighting for…worth dying for.” For the fictional O’Hara family, Tara was their home, and the source of the family’s wealth. Fast forward to the 21st Century, having a home remains a rock-solid route to building wealth that grows and becomes a key...

Wells Fargo Increases Its Commitment to Black Homebuyers
4/26/2018 1:52:48 PM

By Stacy M. Brown   In 2017, Wells Fargo announced a commitment to create 250,000 African American homeowners by 2027. In addition to lending $60 billion for home purchases over that 10-year period, the banking giant has committed to increase the diversity of its sales team, particularly African American home mortgage consultants. Further, bank officials said they’ve dedicated $15 million for initiatives focused on homebuyer education and counseling for Black families. This commitment is only part of the evidence that Wells Fargo has made over the past year...