HousingWire, Dec. 1, 2020–Nicole Booth, Susan Milazzo, Jeanne RadsickA simple, ancient practice, one that often goes unnoticed despite the critical role it plays in the lives of millions of Americans, …
Category: Top National News
In Many Cities, Climate Change Will Flood Affordable Housing
Bloomberg, Dec. 1, 2020-Patrick SissonRising seas risk inundating housing markets in coastal cities that lack options for low-income residents, says a new study.https://www.bloomberg.com/news/articles/2020-12-01/how-climate-change-is-targeting-affordable-housing
Rare Mnuchin-Powell Spat Takes Center Stage at COVID-19 Hearing
The Hill, Dec. 1, 2020–Sylvan LaneDemocrats were eager to exploit the fallout from Mnuchin’s recent decision to close $454 billion in Fed emergency lending facilities set up through the $2.2 …
Banks Delay Office Reopenings Until Well Into 2021
American Banker, Dec. 1, 2020–Allissa Kline (subscription)With COVID-19 cases soaring, a growing number of banks, including JPMorgan Chase, U.S. Bancorp and Capital One, have pushed back target dates for bringing …
Biden Urges Congress to Pass Coronavirus Package, Promises More Action
Reuters, Dec. 1, 2020–Jarrett Renshaw, Joseph AxPresident-elect Joe Biden on Tuesday urged lawmakers to pass a coronavirus aid package that has been stalled in Congress for months, and promised more …
Suburbs See Greatest Gain in Single-Family Construction in Q3
HousingWire, Dec. 1, 2020–Julia FalconThe National Association of Home Builders‘ Home Building Geography Index found that during the third quarter, the exodus from big cities to the suburbs and less …
Purchase Mortgage Defect Risk Rises Again Amid a Hot Housing Market
National Mortgage News, Dec. 1, 2020–Brad Finkelstein (subscription)Tough competition for home listings makes consumers more likely to misrepresent themselves on loan applications, says First American.https://www.nationalmortgagenews.com/news/mortgage-defect-risk-rises-amid-hot-housing-market
Developer Aims to Raise $1 Billion for Investing in Minority Communities
Wall Street Journal, Dec. 1, 2020–Esther Fung (subscription)Martin Muoto, chief executive of the real-estate firm SoLa Impact LLC, a California developer, is trying to raise $1 billion to invest in …
The Covid Pandemic Could Cut Business Travel by 36%—Permanently
Wall Street Journal, Dec. 1, 2020–Scott McCartney (subscription)Even if Covid-19 vaccines become widespread, business travel is likely to be changed by the pandemic. Travel budgets have been slashed and some …
A New Mortgage Refinancing Fee Begins Today. Here’s What You Should Know
Forbes, Dec. 1, 2020–Natalie CampisiAlthough the 0.5% fee, known as the “adverse market refinance fee,” will be added to any new refinanced mortgages completed beginning [Dec. 1], some borrowers who …