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Thousands of veterans face foreclosure and it’s not their fault. The VA could help
WASHINGTON (NPR) – Becky Queen remembers opening the letter with the foreclosure notice. “My heart dropped,” she said, “and my hands were shaking.” Queen lives on a small farm in… Read More
Home prices see biggest drop in 9 years, thanks to higher mortgage rates
WASHINGTON, D.C. (NPR) — Higher mortgage rates are throwing a bucket of ice-water on the super-heated housing market. Home prices in August were down about 6% from their peak in… Read More
Sen. Brown Presses Landlord Over Report It Evicts Black Renters At Higher Rates
A senator is asking why a corporate landlord has filed to evict renters in predominantly Black counties at four times the rate as renters in predominantly white counties.
Judge Strikes Down Federal Eviction Moratorium, Setting Up High-Stakes Appeal
A federal judge has ruled the Centers for Disease Control and Prevention overstepped its authority by issuing a nationwide moratorium on evictions. The fate of millions of renters rests on appeal.
Federal Eviction Moratorium Extended Just 2 Days Before Expiration
The Centers for Disease Control and Prevention is extending an order preventing evictions. It was set to expire this week, which could have displaced staggering numbers of people from their homes.
Renters Are Getting Evicted Despite CDC Order
Some landlords are evicting tenants despite an order from the CDC aimed at stemming the spread of COVID-19 by preventing evictions. That has led to calls to strengthen protections.
Biden To Extend Order Limiting Pandemic Evictions
On his first day in office, the president plans to sign an executive order extending the CDC’s moratorium on evictions. Housing advocates say the CDC rule needs to be strengthened.
12 Million To Lose Jobless Benefits The Day After Christmas Unless Congress Acts
If Congress doesn’t compromise and pass another relief bill, a new study finds a staggering number of Americans will lose a critical financial lifeline as the pandemic worsens.
Congress Deadlocked Over Pandemic Assistance As Millions Wait
Federal unemployment money has been cut off for nearly two months. Congress hasn’t worked out a deal to send more help, and the fight over a Supreme Court nominee could make that harder.
CDC Issues Sweeping Temporary Halt On Evictions Nationwide Amid Pandemic
The move could prevent millions of evictions that housing advocates warn are looming as people who have lost work run out of money. Landlord groups want to know who will pay for the lost rent.
More Space, Please: Home Sales Booming Despite Pandemic, Recession
Despite high unemployment, a severe recession and economic uncertainty, the housing market is on a tear. Sales are booming, and prices hit a record high. Low rates and remote work are driving factors.
Record Low Mortgage Rates Put More Cash In Pockets, But May Not Boost Economy Much
A historic drop in rates has millions of homeowners refinancing to save money. It’s helping home sales, but it’s not helping the broader economy as much as it would in a normal recession.
Pandemic And Protests Spark Record Gun Sales
About 3 million more guns than usual have been sold since the pandemic started. And nearly half of all the sales appear to be to those buying guns for the first time.
Thousands Of Workers Say Their Jobs Are Unsafe As Economy Reopens
In places ranging from chicken processing plants to hair salons, workers say employers aren’t doing enough to protect them from getting sick. Advocates blame a lack of mandatory federal safety rules.
Millions Of Americans Skip Payments As Tidal Wave Of Defaults And Evictions Looms
Hardship programs appear to be helping many people pause payments and survive the economic shutdown so far. But not everybody is getting the help, and advocates see big potential trouble ahead.
3.4 Million Homeowners Skip Payments. But Many Are Scared, Say Congress Needs To Act
Homeowners say that to catch up on payments, lenders demand big balloon payments they can’t afford. Advocates want Congress to mandate that missed payments simply be added to the end of the loan term.
It’s The 1st Of The Month. Renters Are In A Much Tougher Spot Than Homeowners
The government ordered lenders to let homeowners skip payments if they lost income due to the coronavirus. But landlords can require renters to pay even if they’ve lost their job. And many are.
Consumer Agency Failed To Protect Student Loan Borrowers, Lawsuit Says
A nonprofit student loan group alleges that the Consumer Financial Protection Bureau has abandoned its duty to police widespread mismanagement of a loan forgiveness program for public service workers.
Under Trump Appointee, Consumer Protection Agency Seen Helping Payday Lenders
Former Rep. Mick Mulvaney accepted campaign money from payday lenders. Now he’s in control of the Consumer Financial Protection Bureau, and the agency has delayed implementing payday lending rules.