The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Black HomeownershipHousing crimesReal Estate

Fair housing complaints remained elevated in 2020

National Fair Housing Alliance's yearly report found that in 2020, nearly 29,000 fair housing complaints were filed

Stay-at-home orders spurred by the COVID-19 pandemic did not have a notable impact on the velocity of fair housing complaints received in 2020 by organizations, according to a yearly trends report published by the National Fair Housing Alliance this week.

The report— which aggregates complaints received by private, non-profit fair housing organizations, the Department of Housing and Urban Development, fair housing partner agencies and the Department of Justice— found that 28,712 fair housing complaints were filed last year, a trivial decline from the 28,880 complaints filed in 2019.

Not surprisingly, by transaction type, the rental market received a hefty 20,860 fair housing complaints, representing 76.65% of all transactions reported, a slight decrease from 83.75% in 2019.

Real estate sales complaints comprised 2.6% of all cases reported, totaling 747 complaints, and mortgage lending had a mere 238 complaints (in line with the 234 complaints in 2019), the report said.

The NFHA highlighted that 2020 saw a 9% increase in reported fair housing harassment and discrimination against Asian American and Pacific Islander communities, while housing discrimination harassment complaints based on sex and disability increased by 40%.


Empowering Lenders to Increase Homeownership with Opportunity Data

iEmergent has outlined a new paradigm for how lenders can increase homeownership—especially to under-served and minority households—that is driven by opportunity and forward-looking, market-based opportunity data. This white paper will cover this paradigm and how lenders can create successful outcomes by turning data into insight and insight into action for fair housing.

Presented by: iEmergent

Lisa Rice, president and CEO of NFHA, remarked in a statement that despite the government-mandated orders “to stay home to keep each other safe… for too many Americans, home was still not safe enough.”

“Governments at the local, state, and federal levels moved swiftly to enact eviction moratoriums and other emergency housing protections during the pandemic. We need to move with that same urgency to address housing discrimination,” said Rice.

Regions with the largest number of complaints filed: Hawaii/Pacific with 8,639 complaints, the Midwest with 5,263 complaints and the Southeast/ Caribbean with 3,265 complaints, NFHA concluded, relying on data provided by HUD. However, numbers may be significantly larger, said the nonprofit, as housing discrimination is difficult to identify and document.

The report also found that fair housing complaints alleging discrimination due to disability continue to make up the largest portion of claims at 56.6%. Meanwhile, race-based complaints made up 16.8% of claims and familial status discrimination accounted for 7.93% of claims filed. (The NFHA collects discrimination data based on the seven federally protected classes: race, color, religion, national origin, sex, disability, and familial status.)

The nonprofit added that private fair housing organizations continue to process close to three times the number of complaints (73.45%) as state, local, and federal government agencies combined and urged more funding for the Fair Housing Initiatives Program.

Leave a comment

Most Popular Articles

Ex-loanDepot COO: Tony Hsieh cut corners to boost volume

The suit, filed by former COO Tammy Richards, accuses loanDepot CEO Anthony Hsieh of ordering the sales team to “trust [their] borrowers” and close loans, disregarding proper underwriting etiquette. 

Sep 23, 2021 By and

Latest Articles

UWM announces Bolt underwriting system for brokers

In a keynote session about the future of mortgage, UWM CEO Mat Ishbia previewed Bolt, an underwriting system that he said would enable brokers to underwrite a loan in 15 minutes or less, which will go live on Monday, Sept. 27.

Sep 25, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please