6,000 veterans were reportedly facing foreclosure due to the end of the pandemic program. The Department of Veterans Affairs (VA) has announced the extension of the pandemic-era program…
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Commerce Department Reports Boost in New Home Sales
Home builders work to fill the demand created by the housing shortage. The Commerce Department released its housing report last week, documenting heightened sales of newly built houses…
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Treasury Secretary Speaks at Annual Freedman’s Bank Forum
Attendees seek solutions to eliminate discrimination in banking, housing, and lending. The Department of the Treasury hosted the 2023 Freedman’s Bank Forum last week. The gathering included state…
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DOJ Secures $107 Million for Redlining Relief
Offers compensation for communities of color that have experienced discrimination by mortgage lending. The U.S. Department of Justice has investigated allegations of discrimination by banks and lending companies…
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Federal Reserve Maintains Current Interest Rate
Chairman Powell anticipates addressing inflation into 2026. The Federal Reserve wrapped up a two-day long policy meeting this week, where the members decided to leave the interest rate…
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Federal Reserve Governor Says Interest Rates Likely to Rise
The inflation rate has still not reached the 2 percent goal. Federal Reserve Governor Michelle Bowman recently said that additional interest hikes “will likely be needed” to further…
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Federal Reserve Raises Interest Rates Again
Rates are now at a 22-year high. In its meeting Wednesday, the Federal Reserve increased interest rates by another quarter percent, still claiming the rate increases are necessary…
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HUD Celebrates Homeownership in Chicago
The event is one of the department’s “House Parties” to support aspiring homeowners. The Department of Housing and Urban Development (HUD) hosted a recent event promoting homeownership in…
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President’s Administration Warns Financial Firms of AI Risks
Decisions made with data sets can lead to more discrimination, not less The heads of the Consumer Financial Protection Bureau, the Justice Department’s civil rights unit, and the…
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Home Sales Up as Prices Down
Sales increased in all four national regions. For the first time in a year, existing home sales across the U.S. increased in February as prices fell at the…
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