The latest thing caused by remote work has created a glut of unused office space, which the Department of Housing and Urban Development wants to study further as a future residential growth option through renovation and conversion to apartments or condos.
Read More »Fed Raises Rates by 25 Basis Points to 22-Year High
The Federal Reserve once again raised the interest rates at its Federal Open Market Committee meeting Wednesday, reaching levels last seen in 2001.
Read More »Capitol Hill Examines Volatile Weather Events and Financial Risk
During a recent House Financial Services Subcommittee on Financial Institutions and Monetary Policy meeting, Greg Coleman of the Office of the Comptroller of the Currency noted that “the OCC’s role is to ensure that national banks and federal savings associations understand their climate-related financial risks and develop comprehensive risk management frameworks and capabilities to identify, measure, monitor and control those risks.”
Read More »Wildfire Impacts on California Property Values
Properties in California in high probability areas for wildfires experienced much slower appreciation than other properties in safer areas.
Read More »Freddie Mac Approaches $1.4B Single-Family Green Securities Issuance in 2022
The size of the GSE’s Green MBS issuance doubled from 2021 to 2022, reflecting market demand for green homes and environmentally focused investments.
Read More »Banks to Combine Adverse Climate Scenarios and Market-Recognized Metrics
In a first for American financial institutions, large banks must report their exposure to climate change by July 31.
Read More »CFPB Highlights the Prevalence of Employer-Driven Debt
A new Bureau analysis details the popularity of employer-driven debt, including the challenges workers and consumers face when they become indebted to an employer or an employer’s affiliate as a condition of employment.
Read More »HUD Receives High Marks From the SBA
“This achievement demonstrates HUD's commitment to partnering with small businesses and ensuring meaningful opportunities for the small business community to build America’s economy,” said HUD Secretary Marcia L. Fudge.
Read More »Senate Passes Measure to Expedite the Mortgage Process on Tribal Lands
The Tribal Trust Land Homeownership Act would create statutory timelines to process mortgages involving properties located on tribal trust land.
Read More »Biden Administration Issues Call for Action on Junk Fees in Rental Housing
The Biden Administration, along with HUD Secretary Marcia L. Fudge, is calling attention to the significant harm that rental housing junk fees cause to tenants and have outlined steps that the Administration is taking to curb these fees.
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