ARM Application Rate the Highest Since 2007

The share of borrowers applying for an adjustable-rate mortgage is the highest it’s been in 15 years, a new analysis by Zillow has found, but unlike the lead-up to the subprime mortgage crisis, these borrowers remain well-qualified.

Biden Should Pocket These Tax Ideas

Over the next few months, the White House is likely to propose two major tax changes that could impact the housing sector. These two ideas, however, should be chucked in the circular file.

Diversity is Not a Cost Center

Since George Floyd’s death, many banks have leapt forward with billions in pledges to communities of color. Those actions should be praised, but lenders must look beyond addressing racial diversity and economic inequality with charity if they want to thrive in a changing America.

Financial Coaching Will Break Cycle

Minority homeownership rates have grown little since the Fair Housing Act was passed in 1968. The answer is to create an AmeriCorps of financial educators who can help homebuyers of color afford homes – and keep them.