Good Morning! Today is Tuesday, December 7. New York City will implement a vaccine mandate for private employers this month. President Biden will speak with Vladimir Putin today in an attempt to stave off a Russian invasion of Ukraine. Republican Representative Devin Nunes will resign to run Donald Trump’s media company.
And in mortgage and housing news…
CT Town Settles For $350,000: Officials from the U.S. Department of Justice have announced a settlement in a lawsuit against a Connecticut town that enacted zoning laws making housing for persons with mental health disabilities unavailable.
Mortgage Monitor: Tappable equity reached an all-time high in October 2021, according to Black Knight’s latest mortgage monitor report.
New FinLocker SVP: FinLocker has named Andria Thomas as Senior Vice President, Product, a new role on the FinLocker leadership team.
Expanding Cash Reporting Requirements: The Treasury Department will begin developing regulation expanding reporting requirements for all-cash real estate purchases. “I’m not sure where the U.S. Treasury has been for the last decade or two, but give them credit for attempting to address a gap that has festered for years and has resulted in the U.S.A. being the money laundering haven of choice for the world’s corrupt politicians,” Ross Delston, a lawyer and anti-money laundering expert, told Bloomberg.
Luxury Market To Stay Steady: Prices for luxury homes are expected to continue increasing even as luxury buyers worry their spending power may soon drop, according to a report from Luxury Portfolio International.
“Residents Need To Be Taken Care Of”: The Hawaiian island of Maui is considering phasing out 3,000 short-term rentals to combat the county’s housing crisis and overtourism.
“Whitewashed”: A Northern California couple filed a lawsuit alleging an appraiser undervalued their home by half a million dollars because they are Black.
Hometap Snags $60M: Boston-based fintech Hometap has secured an additional $60 million in funding to support hiring and expansion.
“The George Treatment”: Nations Lending announced its first integrated brand campaign starring NBA legend Dennis “The Worm” Rodman.