HousingWireHousingWire
Since the new administration took over in January, government agencies have systemically rolled back federal diversity, equity, and inclusion initiatives, with the Trump administration framing the move as a way to cut costs and eliminate waste.
The Mortgage Bankers Association (MBA), the largest mortgage trade group, removed several webpages related to diversity, equity, and inclusion, including its DEI playbook.
An MBA spokesperson confirmed that in January, the association launched an immediate review of its policies and programs to ensure “compliance” with President Trump’s executive orders concerning DEI initiatives.
The statement continued, “MBA remains committed to fulfilling our members’ desire for information and resources they can utilize to develop their own strategic programs to ensure that they create a welcoming environment for their workforce and can serve their customers in communities across the nation.”
Several housing-focused agencies have rescinded DEI orders that have previously existed under past administrations. In early April, Federal Housing Finance Agency (FHFA) Director Bill Pulte canceled two orders rescinding previous policy with a focus on DEI. Pulte also said that he’s canceled $6.4 million in “DEI nonsense” at Fannie Mae and Freddie Mac.
Other DEI-forward websites have simply gone dark. In early February, webpages associated with Property Appraisal and Valuation Equity (PAVE) started to bar consumer access.
Other pages, including a speech read by former Secretary of the U.S. Department of Housing and Urban Development (HUD) Marcia Fudge to mark the first anniversary of the creation of the task force, was also taken down.
