Estimated reading time: 0 minutes, 29 seconds

Biden Unveils Measures to Address Housing Discrimination

Sunday, Jun 06 2021
Lending
Written by  The Mortgage Leader

President Joe Biden has announced new measures aimed at combating racial discrimination in the housing market as part of an effort to shrink the racial wealth gap. So reports Business Insider.

Marcia Fudge 1 1 e1615567977821 100x100The White House said in a press release that Housing and Urban Development Secretary Marcia Fudge will lead an interagency effort to address yawning disparities in home appraisals.

According to a 2018 study by center-left think tank the Brookings Institution, homes in majority-Black neighborhoods were frequently appraised at tens of thousands of dollars less than similar homes in mostly white areas.

Read the full article from Business Insider.

Read 1880 times
Rate this item
(0 votes)
More in this category: « Forbearances On the Rise Again: Black Knight Weekly Mortgage Applications Fall to Lowest Since February 2020 »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline