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The opportunity cost of modern-day redlining

Housing Wire

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. The future of the mortgage industry is increasingly diverse. More recently, Patriot Bank paid $1.9

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Black Americans still face massive housing barriers

Housing Wire

Nationwide, Redfin reported that 16% of Black Americans who apply for mortgages are rejected, compared with 7% of white Americans. The CFPB found that lenders engaged in deceptive business practices, including violations of the Truth in Lending Act and the Equal Credit Opportunity Act, and provided inaccurate data on mortgage loans.

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HW+ Member Spotlight: Josh Mettle

Housing Wire

This week’s HW+ member spotlight features Josh Mettle, division president at NEO Home Loans. With over 20 years of mortgage experience, Mettle has dedicated his career to the mortgage industry. Josh Mettle: It’s a tie between Mortgage Coach TCA and BNTouch CRM. I could not run my business without either of them.