Tag: housing discrimination
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Feds Target Predatory Lenders, Call Out “Nightmare” Scenarios for Deed Seekers
The U.S. Consumer Financial Protection Bureau (CFPB) is acting to block predatory financing, redlining, and zombie mortgages. What’s all this about predators, red lines and zombies, you ask? Let’s break it down.
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Washington State’s Path to Fair Housing: The 2024 Recording Fee Increase and Covenant Homeownership Program
Beginning January 1, 2024, Washington State implemented a substantial revision to its recording fees, significantly affecting the real estate sector. This modification entailed a $100 increase in the recording fee for each document, aligning with the Covenant Homeownership Program assessment as outlined in RCW 36.22.185. This hike is applicable to a broad array of documents,…
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Hispanics Will Be the Majority of New Homeowners by 2040. Can the Market Meet Their Needs?
This year’s trend study from CoreLogic® shows a steady rise in mortgage lending in mainly Hispanic neighborhoods. Hispanic buyers tend to be younger and less affluent than other buyers across the board. Many are coming into real estate as first-time buyers. They’re motivated. Many will opt for FHA loans if conventional loans are out of…
