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‘Gray tsunami’ comes to South Carolina, testing local resources

Housing Wire

The state of South Carolina is experiencing an influx of retired baby boomers , which could test the capacity of its infrastructure in areas such as health care and transportation services, as well as resources for dealing with isolation and the job market, according to reporting by Charleston-based newspaper The Post and Courier.

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Massachusetts budget features programs to support seniors, aging in place

Housing Wire

This is referred to as a ban on “home equity theft,” according to AARP. We’re also tackling our biggest challenges by lowering household costs and improving transportation. This budget delivers on our shared priorities and drives our state forward with urgency and purpose,” Healey said in a statement. “It

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The Altadena story, from Jackie Robinson’s home to ground zero

Housing Wire

The Civil Rights Movement changed that reality and sparked a phenomenon known as white flight, referring to the mass exodus of white residents from a particular area. In the 1960s, Black residents werent qualified for mortgages in places like Altadena. Black residents enacted their own exodus albeit for a different reason.

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LIBOR is being phased out in 2021. What now?

Housing Wire

The most viable replacement is the Secured Overnight Financing Rate (SOFR) index, which has been recommended by the Alternative Reference Rates Committee (ARRC) and endorsed by the New York Federal Reserve. How are lenders proceeding, then? SOFR is not a perfect index, but it appears to be the closest substitute.

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To expand housing counseling services, HUD taps Zillow

Housing Wire

It’s expected that the implementation of this rule will enable increased accessibility for people who may face challenges with receiving such services in-person, with some cited challenges including linguistic, physical or geographic barriers, transportation costs, or who may have other obligations like childcare.

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New Jersey bill seeks to require face-to-face counseling for reverse mortgages

Housing Wire

law refer to practices that may adversely affect one group of people within a protected class more than another, even though rules applied are ostensibly or formally neutral. ” Disparate impact provisions in U.S. “Just as easily, the counseling could have been accomplished with a phone call,” he said.

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HUD Expands Housing Counseling Services

Appraisal Buzz

This will increase accessibility for people who have problems using in-person services for a variety of reasons, such as linguistic, physical, or geographic limitations, or barriers such as transportation and childcare costs. Agencies that are not able to provide these options are required to refer impacted clients to other agencies.