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Freddie Mac Investigates the Homeownership Gap
Freddie Mac’s Equality in Housing mission is to expand homeownership opportunities and to access affordable housing for underrepresented borrowers, especially communities of color. During the Great Recession and the subprime lending crisis, Black and Hispanic homeowners were disproportionately affected by foreclosures and the tighter lending standards. New HMDA-reported mortgage originations to Black and Hispanic borrowers…
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FHFA Extends Foreclosure Moratorium Through January
The Federal Housing Finance Agency has announced that single-family homeowners with mortgages backed by Fannie Mae and Freddie Mac will be protected from foreclosure for at least another month. The moratorium, previously set to expire on December 31, will instead last through January 31, if not later. The moratorium also applies to evictions. “This extension…
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How to solve Florida’s large-scale affordable housing crisis
By Mike Vogel | Florida Trend | 9/25/2020 … Affordable housing means different things — market rate vs. subsidized, for example — to different people. At a housing forum in February, Suzanne Cabrera, CEO of the Housing Leadership Council of Palm Beach County, remarked that a manufacturer paying starting engineers $85,000 a year had trouble…