"Remote work has allowed many homebuyers to leave cities for far-flung suburbs. Those suburbs often lack public transit, so new residents drive more often. Hopefully, a less frequent commute will mean fewer hours behind the wheel. But as offices reopen, we may see commuters who used to live in the city and use public transit spending more time driving and emitting more carbon. Governments need to plan for this new reality and start providing more green transit to areas outside of major cities." --Daryl Fairweather, Chief Economist with Redfin, Seattle.

Good morning! Even though it’s summer, things stay busy in Washington—and with the Mortgage Bankers Association.