Understanding Today’s Connected Borrower

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The unique challenges facing minority first-time homebuyers

In this episode, we interview Timothy Demry, a real estate agent in San Francisco’s Bay Area, about his experience serving minority first-time homebuyers.

How modernized servicing creates customers for life

Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators.

Savvy lenders are already preparing for the next valley – Here’s how

Despite increased rate of tech adoption, the industry still has room for continued tech development and usage. Read here to learn more about key technologies that lenders need to give more attention to.

Real Estate

HUD awards $75 million to combat youth homelessness

$32 million more than last year's funds

Programs designed to combat homelessness in 23 communities across the country are getting $75 million in funding from the Department of Housing and Urban Development, a jump from last year's $43 million in awards

HUD’s Youth Homelessness Demonstration Program offers rapid rehousing, permanent supportive housing, transitional housing and host homes to communities. 

“Homelessness is no way to start out in life for young people reaching adulthood,” said HUD Secretary Ben Carson. “Today we make another critical investment in the futures of our youth, sparing them a life on the streets or in our shelters and placing them on a path to self-sufficiency.”

Over the course of the next few months, the communities receiving funding will work with their community partners to launch plans to end youth homelessness. 

“The solutions to youth homelessness that are being built and tested through HUD’s YHDP program represent community collaboration at its best,” said Matthew Doherty, executive director of the U.S. Interagency Council on Homelessness. “We are confident that these communities, and their Youth Action Boards, will help lead us along the path to end youth homelessness in our country.”

These funds will help people under age 25 who are experiencing homelessness. 

The award will be funding communities in Alaska, Arizona, Connecticut, District of Columbia, Florida, Hawaii, Iowa, Illinois, Indiana, Massachusetts, Maryland, Maine, Mississippi, Montana, New York, Ohio, Oregon, Pennsylvania, Texas and Wyoming.

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3d rendering of a row of luxury townhouses along a street

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