Lisa Rice, CEO of the National Fair Housing Alliance, said it will take “thousands of equity-centered programs” to close racial homeownership and wealth gaps.
Citi’s Sandy Furlow will help Industrial Bank, a minority depository institution, build strong controls for its future growth within the mortgage business.
Merchants Capital complete $214 million commercial MBS transaction...Freddie Mac prices first seasoned loans structured transaction trust offering of the year...U.S. Mortgage Insurers said industry transferred $55 billion in risk over the past six years...Jerome Powell sworn in for second term as Federal Reserve chair.
Despite a flurry of recent programs and proposals to address the racial gaps in wealth and homeownership, speakers at a Federal Reserve webinar said more urgency is needed.
Cybersecurity disclosure rules for ABS should be focused on primary servicers, the Structured Finance Association said in comments to the Securities and Exchange Commission.