National Association of Real Estate Brokers (NAREB) and thought leaders sound alarm at Congressional Black Caucus Foundation (CBCF) Annual Legislative Conference Washington, DC – September 29, 2015 – Statistics, issued recently by the Home Mortgage Data Administration (HMDA) indicate that in 2014, only 5.2 percent of mortgage loans were made to Black borrowers at a…
ABOUT THE NATIONAL FAIR HOUSING ALLIANCE Founded in 1988 and headquartered in Washington, DC, the National Fair Housing Alliance is a consortium of more than 220 private, non-profit fair housing organizations, state and local civil rights agencies, and individuals from throughout the United States. Through comprehensive education, advocacy and enforcement programs, NFHA protects and promotes equal access to apartments, houses, mortgage loans and insurance policies for all residents of the…
One telling indicator of the state of the nation’s housing is the drop in the homeownership rate to just 64.5 percent last year, erasing nearly all of the increase in the previous two decades. The number of homeowners fell for the eighth straight year, signaling persistently weak demand in this key market segment. And the trend does not appear…