July 18, 2014

Mary'rs Weekly Digest of Community Capital News

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Renters spend less on housing but more on energy, study finds
Phys.org, Jul. 15, 2014

While low-income families often choose multifamily housing for its affordability, a new University of Arizona study finds they could be spending hundreds more in utility costs every year due to a lack of energy-efficient features in their buildings.

Community Colleges That Don’t Offer Federal Loan Access Put Nearly 1 Million Students At Risk
Consumerist, July 15, 2014

Compared to private loans, federal student loans may be a preferred, and sometimes safer option, when it comes to financing one’s higher-education. But for a large section of American students those loans are out of reach because their schools simply don’t offer the option.

Double-Whammy Coming When HELOCs, Loan Mods Reset in 2015
Mortgage Servicing News, July 15, 2014

Interest rate resets on many home loan modifications and home equity lines of credit seem to be on a collision course that may create a hardship for many borrowers who didn’t expect to be so vulnerable.

Nearly 40,000 U.S. Homeowners Granted Permanent Loan Mods in May
National Mortgage Professional, July 14, 2014

HOPE NOW has released its May 2014 loan modification data, finding that an estimated 37,000 homeowners received permanent, affordable loan modifications from mortgage servicers during the month of May.

Rental Market Stabilizing but Renter Profile is Changing
Mortgage News Daily, July 14, 2014

While the magnitude isn’t clear, that the growth of renter households has risen far above average in recent years is. The Housing Vacancy Survey reports that the number of these households increased by half a million in 2013 while the Current Population Survey reports nearly double that number.

Companies That Offer Help With Student Loans Are Often Predatory, Officials Say
The New York Times, July 13, 2014

Debt settlement companies, which offer to help borrowers lower their monthly loan payments for a hefty upfront fee, have long been fraught with problems. But federal and state regulators are spotting new instances of abuse as the companies shift away from their traditional targets — credit card and mortgage debt — to zero in on student loans.

He’s the Top U.S. Mortgage Salesman. His Daughter Isn’t Buying It
Bloomberg, July 11, 2014

David Stevens, chief executive officer of the Mortgage Bankers Association, has spent his career lauding the merits of homeownership. One person still isn’t buying it: his daughter.

American Teens Achieve Mediocrity In Financial Literacy
The Wall Street Journal, July 9, 2014

When it comes to financial literacy around the world, American teens are middling.

A ‘nationwide gentrification effect’ is segregating us by education
The Washington Post, July 11, 2014

Wage inequality has pushed the lives of college and high school graduates in America farther apart. As the returns to education have increased, according to Stanford economist Rebecca Diamond, the geographic segregation of the most educated workers has, too — and not by neighborhood, but by entire city.

A Devastating Pattern Of Homelessness Among Late Baby Boomers Could Repeat In Millennials
Business Insider, July 10, 2014

A large population of aging homeless people from the Baby Boom generation is a worrying prospect. So is the idea that a similar cycle could be happening again. Millennials are also facing high unemployment and a steep rental housing market, while heroin and prescription drugs are becoming increasingly prevalent and could emerge as a similar lost cohort.

Delinquencies Drop on Home Equity Lines, Mitigating Reset Fears
National Mortgage News, July 10, 2014

Home equity lines of credit have been a key area of improvement among consumer loan types, a report Thursday from the American Bankers Association shows.

Credit Invisibility Means Less Economic Opportunity in Black America
The Root, July 8, 2014

African Americans are more likely to be “unbanked,” “underbanked” or “credit invisible”—and it’s hurting opportunities for gaining employment, establishing credit and building wealth through homeownership.

Insight and Opinion

SOCIAL SECURITY: CBO TELLS IT LIKE IT IS . . . MOSTLY
Angry Bear by Dan Crawford, July 12, 2014

The Case for College Students to Have Credit Cards
U.S. News & World Report by Erin Lowry, July 11, 2014

It’s not good to be poor In North Carolina
TEDxLizardCreek by Gene Nichol, June 6, 2014

A Conversation With Nick Hanauer On Reducing Income Inequality
Diane Rehm Show, July 15, 2014

Periodicals

UNC Center on Poverty, Work, & Opportunity Newsletter
July 9, 2014

Reports and Papers

GeoFRED
Federal Reserve Bank of St. Louis, July 15, 2014

Encouraging Responsible Credit for Financially Vulnerable Consumers
Center for American Progress, July 10, 2014

Program for International Student Assessment 2012
Program for International Student Assessment, July 9, 2014

To Buy or Not to Buy, That Is the Question (for Millennials)
Federal Reserve Bank of Atlanta, July 7, 2014

Generations X and Y: Facing Economic and Financial Challenges in the Shadow of the Baby Boom
Federal Reserve Bank of St. Louis by William R. Emmons, March 6, 2014

2014 CoreLogic Storm Surge Analysis Identifies More Than 6.5 Million US Homes with Total Reconstruction Value of Nearly 1.5 Trillion Dollars at Risk of Hurricane Storm Surge Damage
CoreLogic, July 10, 2014

The Funding of State and Local Pensions: 2013-2017
Center for State and Local Government Excellence, June 2014

Consumer Spending in the U.S. – Summer 2014
Gallup Economy, July 11, 2014

Profile of Rent Stabilized Units and Tenants in New York City
NYU Furman Center, July 2014

How fat is the top tail of the wealth distribution?
European Central Bank Working Paper Series No. 1692 by Philip Vereulen, July 2014

A Johnson-Crapo Dialogue
Urban Institute by Jim Parrott, Ellen Seidman and Laurie Goodman, July 14, 2014

Building Support for Affordable Homeownership and Rental Choices: A Summary of Research Findings on Public Opinion and Messaging on Affordable Housing
Center for Housing Policy by Janet Viveiros and Rebecca Cohen, August 2013

Is College Education Segregating U.S. Cities?
Stanford University by Rebecca Diamond, July 2014

Why the “Rich” Can Get Richer Faster than the “Poor”
National Center for Policy Analysis Policy Report No. 358 by Kathryn M. Shelton and Richard B. McKenzie, July 2014

Conferences and Calls for Papers

Building Support for Affordable Homeownership and Rental Choices Webinar
National Housing Conference
July 23, 2014, 2-3 p.m. EBT

Institute for Research on Poverty at the University of Wisconsin-Madison Thematic Conference: “Building Human Capital and Economic Potential
Madison, Wisc., July 16-18, 2014

Investing in the American Dream: How Financial Institutions Can Build Long-Term Relationships with Immigrants Before and After Immigration Reform Webinar
CFSI July 24, 2014, 2 p.m. EDT

Federal Reserve Bank of Cleveland and the Office of Financial Research 2014 Financial Stability Conference
Washington, D. C., Dec. 4-5, 2014
Call for Papers: Deadline Aug. 1, 2014

U. S. Department of Housing and Urban Development Office of Policy Development and Research Cityscape Periodical
Call for Papers: Deadline Aug. 31, 2014

Housing America’s Older AdultsWebinar/Report Release
AARP/Joint Center for Housing Studies, Harvard University
Sept. 2, 2014, 10:30 a.m. – 2:30 p.m. EDT

2014 Americatalyst – Tightrope; Renting the Future
Austin, Texas, Sept. 7-10, 2014

North Carolina Bankers Association 2014 American Mortgage Conference
Raleigh, N. C., Sept. 8-10, 2014

2014 N.C. Affordable Housing – Housing Works
Raleigh, N.C., Oct. 15-16, 2014

National Housing Conference Solutions 2014 Conference
Oakland, Calif., Nov. 18-20, 2014

 

The UNC Center for Community Capital conducts research and policy analysis on ways to make financial services work better for more people and communities.

 

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