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Black Americans still face massive housing barriers

Housing Wire

.” Earlier this month, groups including the Department of Housing and Urban Development (HUD), the Mortgage Bankers Association, the National Association of Realtors, the National Association of Real Estate Brokers unveiled a plan to increase Black homeownership significantly by 2030.

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The opportunity cost of modern-day redlining

Housing Wire

From 2020 to 2030, the Urban Institute projects 8.5 If a stranger starts telling me they can help me get a mortgage, that’s going to have less sway than if my friend from book club at the library shares their firsthand experience with a loan officer who exceeded their expectations. million net new households.

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HW+ Member Spotlight: Josh Mettle

Housing Wire

Loan officers should be helping clients understand how borrowing for as long as possible benefits the borrower because paying back today’s mortgage with 2030, 2040, or 2050 dollars is a great deal for the borrower. Josh Mettle: Inflation robs from the lender and gives to the borrower.

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Underwriter shortage slowing the pace of private-label deals

Housing Wire

Bureau of Labor Statistics does not have a job category set up solely for mortgage underwriters, but it does track job growth, or lack of it, in a category it calls “loan officers,” which includes underwriters as a subset. Charlotte-based Canopy is a relative newcomer to the TPR market.