MBA Announces Policy Initiative to Close the Racial Homeownership Gap
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The Mortgage Bankers Association (MBA) today announced a new policy initiative, Building Generational Wealth Through Homeownership, aimed at providing industry leadership and direction for reducing the racial homeownership gap; developing and supporting policies that support sustainable homeownership for communities of color; and promoting fair, equitable, and responsible lending for minority borrowers.
Through advocacy, partnerships, and connections within the industry, MBA's initiative will increase homeownership opportunities for minority borrowers, expand homeownership readiness to future borrowers, and assist current homeowners with maintaining and maximizing the benefits of homeownership.
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