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. […]
FHA Loan Limit Increase for 2019
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. […]
Change of PACE for 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 […]
FHA Loan Limit Increase Jan. 1
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 […]