MBA Pledges To Promote Fair Home Ownership With New Campaign – RISMedia

Home for all Pledge is a new commitment to promote home ownership for minorities; affordable rental housing; and Diversity, Equity and Inclusion of Business, from the Mortgage Bankers Association (MBA). The engagement was recently announced by Kristy Fercho, MBA President and Executive Vice President and Head of Home Loans at Wells Fargo, at the association’s annual convention and exhibition.

“The Home for All Pledge represents a long-term commitment of the companies and employee members of the MBA to promote and ensure greater racial equity and greater inclusion in housing,” said Fercho. “Now is the time for the industry to collaborate on policies and best practices to close the racial gap in homeownership, remove barriers to sustainable and affordable housing, and support strategies to increase diversity within our organizations. “

The association encourages member companies to sign the Home for All Pledge today and commit to aligning with the MBA’s efforts to:

– Foster public policies and industry practices that promote and support minority home ownership and affordable rental housing
– Support market-based solutions through CONVERGENCE MBA location-based programs
– Defend diversity, equity and inclusion in the workplace and in industry

“MBA believes there is a significant need and opportunity for member companies to come together to eliminate the racial inequalities that have plagued our communities for generations,” said Bob Broeksmit, CMB, President and CEO of Mortgage Bankers Association, in a statement. “With industry support, the results-based action plans outlined in the Home for All Pledge will help expand homeownership opportunities for minority households, improve affordability and stability. rental market and ensuring our workforce better reflects the diverse makeup of the communities and borrowers we serve.

According to the association, the MBA’s Building Generational Wealth Through Homeownership program, a new policy initiative announced in September, will provide an important framework for the Home for All Pledge. The policy initiative provides leadership and direction to the industry to close the racial gap in homeownership; develop and support policies that support sustainable home ownership for communities of color; and promote fair, equitable and responsible lending for minority borrowers.

For more information and to sign the Home for All Pledge MBA, click on here.