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Impact of Redlining in Numbers

June 29, 2020

Neighborhoods that were redlined have gained $212,000 less home equity since the 1980s, according to a new study from Redfin released June 11. Redlining was formally outlawed in the 1960s, but the New Deal-era lending practice is still having a lasting impact on the rate of Black homeownership and Black wealth in the United States. […]

Filed Under: CVAR Connect, Government Affairs, Industry News Tagged With: #Cvarmember, African-American, Black families, cvarconnect, Federal Housing Administration, New Deal, Redfin, redlining

FHA Loan Limit Increase for 2019

December 17, 2018

The Federal Housing Administration published its 2019 loan limits last week. Most areas in the country will see an increase. No jurisdiction will see a decrease from 2018 levels. The loan limit for lower-cost areas will be $314,827, or 65% of the national conforming loan limit of $484,350. In high-cost areas, the limit will be $726,525. […]

Filed Under: At A Glance Tagged With: Federal Housing Administration, FHA, loan limits, Santa Ana Homeownership Center

Change of PACE for 2018

January 3, 2018

Gov. Jerry Brown signed into law two measures that took effect on Monday, Jan. 1, 2018 and fundamentally reshape and improve PACE financing in its biggest market. Renovate America strongly supported the new laws, which create a landmark consumer-protection and regulatory framework for PACE by enhancing disclosures, strengthening contractor oversight, and conditioning PACE on a […]

Filed Under: At A Glance, California News, Government Affairs, Pro Tips Tagged With: Federal Housing Administration, FHA, HERO Property, PACE, PACE loan, Renovate America

FHA Loan Limit Increase Jan. 1

December 18, 2017

Following on the heels of the Federal Housing Finance Agency, the Federal Housing Administration announced this month that it will increase its loan limits in most areas of the country in 2018. The FHFA had announced new limits for loans eligible for purchase or guarantee by Fannie Mae and Freddie Mac on Nov. 28. In […]

Filed Under: At A Glance, Government Affairs, Industry News Tagged With: 2018, Fannie Mae, Federal Housing Administration, FHA, Freddie Mac, Jan. 1, loan limit, mortgage loan

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