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9:17 a.m. Sept. 19, 2020 - By Jacob Passy
‘This is just slowing the clock on evictions’: Why the CDC’s moratorium on evictions won’t solve America’s looming $100 billion rental crisis ‘The Centers for Disease Control and Prevention announced in early September that it was establishing a temporary ban on evictions across the country’‘The Centers for Disease Control and Prevention announced in early September that it was establishing a temporary ban on evictions across the country.’
8:23 a.m. Aug. 8, 2020 - By Jacob Passy
The number of Americans skipping mortgage payments is falling — except among these borrowers Forbearance plans allow mortgage borrowers to make reduced payments or skip monthly paymentsForbearance plans allow mortgage borrowers to make reduced payments or skip monthly payments.
11:09 a.m. July 29, 2020 - By Jacob Passy
Trump says he’ll keep low-income housing out of suburbs as he rescinds Obama-era anti-segregation regulation Housing advocates say the regulation was necessary to combat racial segregation, but Trump says getting rid of it will lead to higher home pricesHousing advocates say the regulation was necessary to combat racial segregation, but Trump says getting rid of it will lead to higher home prices.
3:34 a.m. June 19, 2020 - By Julian Agyeman
Why blacks have less land than they did 100 years ago — and what can be done about it Restoring the idea of the black commons could be one way of redressing centuries of disinvestmentThe lack of ownership is crucial to understanding the crippling economic disparity that has hollowed out the black middle class and continues to plague black America — making it harder to accrue wealth and pass it on to future generations.
3:13 p.m. June 15, 2020 - Associated Press
Treasury withholding $679 million in coronavirus relief funds for tribes Chunk of funds being withheld due to ongoing legal caseThe U.S. Treasury Department is withholding $679 million in coronavirus relief funding for tribes while a challenge over its initial round of payments to tribal governments plays out in court.
4:06 a.m. April 27, 2020 - By Jacob Passy
3 million Americans are skipping mortgage payments, but Fannie Mae and Freddie Mac will cut mortgage servicers a break Fannie Mae and Freddie Mac will be allowed to purchase home loans in forbearanceFannie Mae and Freddie Mac will be allowed to purchase home loans in forbearance.
6:11 a.m. April 23, 2020 - By Jacob Passy
U.S. new home sales drop 15% in March because of coronavirusSales of new U.S. homes fell by more than 15% in March as the coronavirus pandemic weighed on buyer traffic. New home sales dropped to a seasonally adjusted annual rate of 627,000, from the U.S. Census Bureau and the Department of Housing and Urban Development. The larger decrease compared to the March decline in existing-home sales is a reflection of the data that guide the two reports. "Because new home sales are based on contract signings, an early step in the home buying process, they showed a larger decline than existing home sales data, which came out earlier this week," said Danielle Hale, chief economist at Realtor.com.
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