Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON – The board of directors of the Women’s Mortgage Industry Network (WMIN), a national organization made up of leading women from several of the largest mortgage companies in the U.S., has released an action plan to address the substantial gap in the homeownership rate of single women with children and that of single men with children. WMIN, sponsored by Freddie Mac, was formed last year to provide forums for dialogue, networking and relationship building among women in the mortgage industry. According to WMIN, a 2001 survey of consumer finances released by the Federal Reserve Board showed that only 45% of single women with children are homeowners. Sixty-nine percent of single men with children own their own home. As part of its strategy, WMIN plans to engage the mortgage industry and non-financial service providers in a targeted education and counseling campaign it hopes will help close the gap in homeownership rates. While some of the homeownership gap can be attributed to lower wage for women compared to men, WMIN said there are other factors that affect homeownership rates, such as credit and discrimination.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.