In just a few months, Fannie Mae has ended their declining markets policy in favor of a nationwide policy that requires reasonable down payments on loans regardless of geography. The policy is a win-win for Fannie and the fair housing community as it addresses both sound underwriting practices and fair lending concerns.
You can read Fannie Mae's press release here or this from Reuters.
update: Freddie Mac follows suit.
Friday, May 16, 2008
The State of Fair Housing 2008
This week, The Chicago Area Fair Housing Alliance released its 2008 State of Fair Housing Report for the 6-County region. The report provides statistics on the frequency of discrimination complaints in the Chicago region and a narrative on the structure of segregation and inequality throughout the region.
It also includes a Blueprint for Change that recommends ways to foster integration, improve access to housing options, and promote sustainable development throughout the region.
You can view it here.
It also includes a Blueprint for Change that recommends ways to foster integration, improve access to housing options, and promote sustainable development throughout the region.
You can view it here.
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