President-elect Joe Biden on Monday officially nominated former Federal Reserve Chair Janet Yellen as his Treasury Secretary. This is a confirmation of news reported here last week. Biden-Harris' economics-team ...
Read More »Addressing Wealth Disparities Between Black and White Homeowners
Owning a home is a tool for building wealth and stability, but a report from researchers at the Urban Institute indicates that is less applicable to people of color. Not ...
Read More »Biden Taps Janet Yellen to Lead Treasury
President-Elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen as his Treasury Secretary, several news outlets report, and the Associated Press has confirmed, through an unnamed source. Yellen would be ...
Read More »Single-Family Residents Driving New-Construction Increase
The U.S. Census Bureau released its construction statistics for October—which shows permits, starts, and completions—recorded a 4.9% increase in housing starts in October compared to September. Fannie Mae's ...
Read More »Leaders Discuss Diversity in the Mortgage Industry
Five Star Global’s American Mortgage Diversity Council (AMCD) this week hosted its Fall Virtual Member Meeting, “Connecting Across Distances,” during which industry professionals gathered to address race and inclusion. AMDC’s Vice-Chair Jodi Gaines, Chief ...
Read More »Opportunity Zones Record Lower Home Price Increases
The housing market is booming, even amid recent economic upheaval related to the COVID-19 crisis, but that holds less true in Opportunity Zones nationwide, according to a study by ATTOM Data ...
Read More »Health Crisis Spurs Lasting Change at FHA
This year’s National Property Preservation Conference featured keynote speaker Dror Oppenheimer, U.S. Department of Housing and Urban Development (HUD) Senior Advisor to the Assistant Secretary for Housing and ...
Read More »Consumers Report More Optimistic Home-Purchase View
Consumers in October reported a more optimistic view of both buying and selling homes, while also reporting a less positive outlook on personal finances and employment, based on ...
Read More »Fintech Borrowers May Need More Credit Protections
The global health crisis is harming many Americans' financial histories, which, in the long run, could prevent large numbers of families from securing lending for a home. While ...
Read More »Home Equity Continues to Rise, Even in Uncertain Economy
Of the 58.9 million mortgaged homes in the United States, 16.7 million considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was less than 50% ...
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