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fair lending
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Housing Equity in Limbo—Why Hasn’t Biden Finalized an Update to AFFH?
Last year it seemed like a new Affirmatively Furthering Fair Housing rule was imminent, but it never happened. And now it's late enough in the term that if it were finalized, next year's Congress could invalidate it.
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Doing Their Duty: Should Fannie, Freddie Invest More in Underserved Markets?
Fannie Mae and Freddie Mac are under a congressional mandate to improve investment in three specific kinds of housing markets—but Congress didn’t say by how much, and advocates say they could be doing far more.
When a Person’s Character Trumps Their Credit Score
Some CDFIs approve loans based on a person’s character instead of their credit score. But they only recommend
doing so when you know the applicant.
English Required for a Mortgage?
Language barriers pose an obstacle to fair access to credit, but this population is overlooked in fair credit discussions.
“Political Lift”: An Interview with Rep. Keith Ellison
As we head into the election home stretch, pieces of Rep. Keith Ellison’s interview with Shelterforce in our latest issue keep coming to mind. Ellison is both a committed advocate for […]
Does the Current Reliance on Credit Scores Deny Deserving Applicants?
Last week, we asked readers if credit scores were too much of a driver in home loan approval. You answered overwhelmingly that yes, credit scores prevent often worth applicants from […]
NCRC Files Fair Lending Complaints
The National Community Reinvestment Coalition has filed complaints with HUD against dozens of lenders who have set minimum borrower credit scores as high as 640 for Federal Housing administration (FHA) […]
Predatory Lending: Subprime Lenders trick homeowners into expensive loans.
Laid off after 29 years of working for a local telephone company in North Carolina, “Roberta Green” was struggling. Although she had a part-time job driving a school bus, she […]