Good morning! Today is Tuesday, October 27. Amy Coney Barrett took the first of two oaths to be sworn in to the Supreme Court. Hurricane Zeta is on track to hit Louisiana tomorrow. NASA scientists discovered water molecules on the moon.
And in mortgage and housing news …
RED & BLUE: Americans largely consider it important to live in communities where people share their political views, though most have not considering moving somewhere based on politics, according to a survey released by realtor.com.
EVICTION BAN: The National Association of Home Builders has filed suit in federal court challenging the Centers for Disease Control and Prevention’s order that bans residential evictions through the end of the year to prevent the spread of Covid-19.
HOUSING TRENDS: Home offices are replacing dining rooms – and other trends in the 2020 housing market.
FORBEARANCE NUMBERS: Forbearance cases level off at three million.
TRANSFER SECURITIES: A $50 billion bond market once heralded as the future of housing finance has been stuck in limbo since the start of the coronavirus crisis, and now proposed regulatory changes have left investors worrying that they might be left holding the bag.
REFI BOOM END: Why the mortgage refinance window could close in the coming months.
LIFE INSURANCE: Short-term life insurance offers temporary coverage to ensure mortgage and education payments until a longer-term option is more affordable.
FORBEARANCE OPTIONS: What to do when your CARES Act mortgage forbearance ends.
RENT STRIKE: A landlord who promised to gentrify affordable housing in Harlem was struggling with loans before the pandemic. Now tenants are on a rent strike.
BANKS ARE MONEY: Banking has been one of the least-loved investment sectors this year, but is that about to change? The answer depends on the type of bank we’re analyzing.