CityLab: The double whammy: Housing and income inequality
America today faces a two-headed problem: economic inequality and housing inequality.
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Urban Institute: These five facts reveal the current crisis in black homeownership
Although homeownership rates for other racial groups have largely recovered since the 2008 housing crisis, black homeownership continues to decline, recently hitting an all-time low in the first quarter of this year.
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Market Screener: Federal National Mortgage Association: National Community Reinvestment Coalition issues statement on expiration of mortgage patch
The National Community Reinvestment Coalition, an organization that works to uphold fair housing, fair lending and consumer protection laws, issued the following statement by CEO Jesse Van Tol on GSE Patch.
The Gazette: Mile high growing pains | Candi CdeBaca | ‘Gentrification is neither natural nor inevitable’
In March, Denver was recognized in a report called “Shifting Neighborhoods” by the National Community Reinvestment Coalition as the city leading the nation in displacement of Latinos. The city’s new leadership of council enters with a historic amount of Latinas, mounting social and economic challenges from growth and a new Denver Comprehensive Plan 2040 for the city.
Vox: Why Google employees are donating to Warren and Sanders — presidential candidates who want to break up Google
They say these candidates are good for society, good for tech, and — surprisingly — good for Google.
Citylab: In Trump vs. Baltimore, no one is winning
In his tweets targeting Congressman Elijah Cummings, the president attacked a city that’s already suffering. We can try to ignore him, or try to fight back.
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Politico: Black journalists push media to cover ‘hyper-racial’ moment in politics
“Race and politics,” one reporter said, “is really the story of our time.”
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Fast Company: Stanford profs: US income inequality is only getting worse. Now what?
An economist and a business adviser discuss what might happen if the gap between rich and poor continues to grow.
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Street Sense Media: Panel discussion highlights the need for cultural and historic preservation of black District communities
Earlier this year, the National Community Reinvestment Coalition released a report that found the District suffered the most widespread low-income displacement of any major central city since 2000.
The Wall Street Journal: College financial-aid loophole: Wealthy parents transfer guardianship of their teens to get aid
Amid an intense national furor over the fairness of college admissions, the Education Department is looking into a tactic that has been used in some suburbs here, in which wealthy parents transfer legal guardianship of their college-bound children to relatives or friends so the teens can claim financial aid.
The Los Angeles Times: HUD approves settlement with OneWest Bank resolving redlining allegations
The U.S. Department of Housing and Urban Development approved a settlement involving allegations that OneWest Bank discriminated in its lending.
The New York Times: For tech, we’re the gift that keeps on giving. But we get prime!
Two American government agencies — the Justice Department and the Federal Trade Commission — have finally gotten around to looking into the dead obvious by investigating the market power of big tech companies and whether their dominance in a range of arenas has hurt competition and hindered new start-ups from forming.
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The Wall Street Journal: Financial crisis yields a generation of renters
Homeownership rates for younger Americans have fallen sharply over the last decade. The median age of a home buyer is 46, the oldest since the National Association of Realtors began keeping records in 1981.
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American Banker: Six questions on the CFPB plan to end Fannie and Freddie’s ‘patch’
The Consumer Financial Protection Bureau caught many in the mortgage industry off guard Thursday when the agency said it will retire a policy that gives Fannie Mae and Freddie Mac a competitive advantage in complying with underwriting rules.
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Mission Local: In San Francisco, we obsess over contrived homeless stats — and neglect the ones we really ought to know
Does San Francisco have more homeless people than before? Or are we just getting better at counting? The best answer appears to be: “yes” to both.