Housing affordability is driving urgent efforts to modernize the mortgage and refinancing process. Among these, the Federal Housing Finance Agency’s Title Acceptance Pilot stands out as a reform that delivers real benefits for homeowners. By targeting outdated title risk practices, this pilot program is paving the ...
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High housing costs and red tape continue to burden American families, particularly lower-income and minority homeowners. One often-overlooked expense is title insurance, a fee ranging from 0.5% to 1% of a home’s price, which is paid during closing and ...
Read MoreWe recently outlined the Justice Department’s October lawsuit against Rocket Mortgage, the biggest home lender in the U.S. The DOJ wants to make Rocket responsible for alleged discrimination committed by an independent appraiser, who was contracted by a third-party appraisal ...
Read MoreThe US Department of Justice recently filed a lawsuit against Rocket Mortgage that they frame as a necessary strike against racial bias in the housing market—more specifically, in the area home appraisals. The National Fair Housing Alliance has confirmed the ...
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