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Default risks soar in minority neighborhoods during challenging economic times because, data shows, homes there are overpriced relative to incomes. Zoning and other changes could make loans more affordable by boosting housing stock and driving down prices.

Mortgage applications increased 3.9% from one week earlier as another week of record low rates drew more borrowers into the market, according to the Mortgage Bankers Association.

San Diego home prices went up the third fastest in the nation in September and appreciated at a pace not seen in more than six years.

The price increase illustrates the extent to which federal rescue programs and a supply-demand imbalance have been counterweights to economic pressures from the pandemic.

Gary Bolinger, CAE, consults with associations on strategy and governance. He served as CEO of the Indiana CPA Society from 1990 to 2018, which he joined in 1984 as field activities director. From 1993-95, he served on the CPA Society Executives Association Board, and has served on several AICPA committees and task forces, including Information Technology, Strategic Planning, Peer Review Board, Uniform Accountancy Act Committee and the Pre-certification Education Executive Committee. He holds bachelor’s and master’s degrees at Indiana State University.

Sharon Emek, Ph.D., CIC, is founder and CEO of Work At Home Vintage Experts (WAHVE), an innovative contract talent solution that matches retiring, experienced insurance, accounting and human resource career professionals with a company’s talent needs. WAHVE bridges the gap between an employer’s need for highly skilled professional talent and seasoned professionals desiring to extend their career working from home. From screening to placement, WAHVE is a comprehensive solution to qualifying, hiring, and managing experienced remote talent.

Mary York is the CEO of York Public Relations.

The insurance company has previously sponsored three securitizations of reperforming/nonperforming loans since 2017.

The Trump administration has compelled the Federal Reserve to shut down the Main Street Lending Program and other facilities that aid banks’ pandemic relief efforts, but President-elect Biden’s Treasury nominee could help turn the spigot back on.

The Structured Finance Association fears Treasury Secretary Steven Mnuchin may release the government-sponsored enterprises from conservatorship ahead of the change in administration, and that doing so could disrupt the mortgage-backed securities market.