article thumbnail

The opportunity cost of modern-day redlining

Housing Wire

Modern-day redlining persists, and it’s costing lenders millions in legal fees. The true cost of redlining Lenders need to carefully evaluate their lending strategies to ensure that they are not unintentionally practicing redlining by neglecting MMCT and LMI neighborhoods, or they may face millions in penalties.

article thumbnail

Opinion: More can be done to shorten the average time to close

Housing Wire

It doesn’t lend itself to a 24-hour cycle. The title industry has finally put the foundation in place for a modernized workflow. Real estate will look different in 2030, perhaps even in 2024. The list of improvements is growing at an accelerating pace.

HOA 424
article thumbnail

Opinion: More should be done to shorten the average time to close

Housing Wire

It doesn’t lend itself to a 24-hour cycle. The title industry has finally put the foundation in place for a modernized workflow. Real estate will look different in 2030, perhaps even in 2024. The list of improvements is growing at an accelerating pace.

HOA 407