Could the Housing Inventory Shortage be Causing Compliance Concerns?

Join DataVerify and industry experts for a conversation about how the current housing inventory shortage could cause compliance concerns now and in the future.

Side’s Spencer Krull on brokerages, Los Angeles real estate

During this episode of HousingWire Daily, we pressed Spencer Krull on the modern-day purpose and economic viability of a brokerage, and what Side’s distinctive model specifically offers.

eXp CEO loves Glenn Stearns’ star power

Residential real estate brokerage eXp continues to be profitable, and company CEO Glenn Sanford became a fan of Glenn Stearns through reality television. HW+ Premium Content.

Why female leadership is crucial to the mortgage industry

HousingWire recently spoke with Keri Stichler about why female leadership is crucial in the mortgage industry and how companies can advocate for inclusivity.

Black Homeownership

NAMMBA town hall highlights gaps in minority homeownership

“It’s not one thing that’s going to fix our affordability challenges”

Today, the National Association of Minority Mortgage Bankers of America hosted a state of the industry town hall. The webinar featured discussions led by industry professionals on minority homeownership topics.

Mortgage Bankers Association senior vice president, Steve O’Connor, led the initial discussion on minority homeownership and the MBA’s Black Homeownership initiative. Some challenges the MBA cited were preservation and production of affordable housing stock, financing options and access to mortgage credit.

“It’s not one thing that’s going to fix our affordability challenges,” O’Connor said.

O’Connor’s examination spotlighted the city of Memphis and cited specific gaps in:

  • Knowledge, and the misinformation and myths that lead to borrowers pulling out of the market.
  • Trust, and the rehabilitation of it after the 2008 market crash
  • Market, and the inventory, supply, and quality for a diverse group of homeowners
  • and Resources, including funds necessary to gain homeownership and where to find them

“The delta between the non-Hispanic white and the minority homeowners, these are persistent gaps going back decades,” O’Connor said. “If we can’t figure out how to close these gaps, we’re going to have a much smaller marketplace to serve and we’re not going to have a healthy marketplace.”

Other speakers included in NAMMBA’s town hall were Freddie Mac’s single family affordable lending manager, David Mendez, on minority homeownership creation with housing finance agencies, and iEmergent’s CEO, Laird Nossuli, on empowering lenders to increase home ownership.

Leave a comment

Most Popular Articles

Home prices are still rising, but relief for buyers is coming

Domestic home prices increased 2.3% from May to June, and 17.2% year-over-year, per CoreLogic. Twin Falls, Idaho had the highest annual increase at 40.2%.

Aug 03, 2021 By

Latest Articles

Purchase orders give boost to Fidelity’s title segment in Q2

Title firm Fidelity National reported $3.9 billion in total revenue for the second quarter, up from $2.4 billion year over year and $2 billion in the first quarter.

Aug 05, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please