Remove research publication closing-gaps-building-black-wealth-through-homeownership
article thumbnail

Rate buydowns are the cat’s meow in today’s market

Housing Wire

Most of the temporary rate buydowns offered through FBC are paid for by builders, he said. “We Ginnie Mae backs bonds issued against securitized loan pools insured at the loan level through government agencies such as the FHA and VA. We do a lot of buydowns, so we’re in the thick of buydowns right now,” Nunziata said.

Marketing 410
article thumbnail

FHA solicits feedback on the rare small-balance mortgage

Housing Wire

The Federal Housing Administration (FHA) on Tuesday issued a request for feedback from the public on how it can increase access to small balance mortgages through its single-family mortgage insurance programs. The FHA will be soliciting feedback through Dec.

Mortgage 397
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Reducing the racial wealth gap by expanding down payment assistance

Housing Wire

household net worth, policies that significantly narrow the 30-percentage point Black-White homeownership gap , which is as wide as it was in 1890, could also help narrow a vast racial wealth gap. With home equity accounting for a quarter of total U.S. A growing need for down payment assistance.

Law 491
article thumbnail

Unequal Opportunity: Addressing appraisal bias is another step toward making housing more equitable

Clear Capital

Homeownership has long been synonymous with the American dream, in no small part due to its promise of financial freedom for people of every background through the wealth-building potential of home equity. government made bold steps to support homeownership through the GI Bill. Troubling research.