Freddie has seen a big shift in how lenders sell loans, with the share of cash sales dropping sharply in 2021 while swaps have gained favor. The same thing happened at Fannie, though not as dramatically. (Includes two data charts.)
Roughly half of appraisers who work in both white and minority neighborhoods appear to systematically undervalue homes in predominately minority census tracts.
A partnership with fintech Esusu Finance will allow landlords to automatically forward positive rental payment history to the major credit reporting bureaus.
Looking at more than 12 million home appraisals, researchers found that sellers in minority census tracts were more than twice as likely to receive an appraisal below the sale price than sellers in white districts.
New area-based subgoals for minority and low-income census tracts are aimed at reducing the likelihood that GSE loan purchases inadvertently promote gentrification.