The Forbearance Period is Ending: What’s the Impact on Foreclosures, House Prices, Supply, and Homeownership?
Foreclosures will likely widen the already alarming homeownership gap among income groups and racial groups, with low income and minority groups twice as likely to face foreclosure than higher income and non-minority groups and homeowners of FHA-insured loans three times as likely to face foreclosure. www.nar.realtor – Research
NAR cites broad national consensus to advance efforts to eradicate racial discrimination while arguing HUD’s revisions place too heavy a burden on the ability of parties to bring legitimate initial disparate impact claims. www.nar.realtor – Fair Housing