The Mortgage Bankers Association (MBA) has announced a new initiative called the CONVERGENCE Collaborative, which seeks to find solutions to the racial homeownership gap. The group includes 12 corporate stakeholders and will commit over $1 million per year.
Bob Broeksmit, MBA president, emphasized the importance of unity in addressing the racial homeownership gap, stating that the collective effort of all organizations involved can lead to faster and more impactful results.
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