The Mortgage Bankers Association surveyed the U.S. home mortgage servicing market for indications about how the nation's 26.9 million home loans were holding up during the first weeks of the pandemic.
"So far the number of U.S. homeowners seeking payment forbearance because of the pandemic remains small," reports Steve Brown, sharing data released by the Mortgage Bankers Association this week.
"Only 3.74% of home loans across the country were in forbearance as of April 5," explains Brown. "But the share of Americans seeking relief from their mortgage payments is likely to grow the longer the economy is shut down due to the COVID-19 pandemic."
The article includes more details about the state of the mortgage finance market as the economic effects of the coronavirus pandemic deepen around the country.
Amtrak Ramping Up Infrastructure Projects
Thanks to federal funding from the 2021 infrastructure act, the agency plans to triple its investment in infrastructure improvements and new routes in the next two years.
Ending Downtown San Francisco’s ‘Doom Loop’
A new public space project offers an ambitious vision—so why is the city implementing it at such a small scale?
Proposal Would Transform L.A.’s ‘Freeway to Nowhere’ Into Park, Housing
A never-completed freeway segment could see new life as a mixed-use development with housing, commercial space, and one of the county’s largest parks.
How to Measure Transit Equity
A new report highlights the need to go beyond traditional equity metrics to assess how public transit systems are serving the lowest-income and most disadvantaged riders.
Why Brand New Cities Won’t Solve Our Urban Problems
Building cities takes time and resources. Why not spend them on fixing the ones we have?
Former Brooklyn Sugar Refinery Reopens as All-Electric Office Tower
A historic building was reimagined as a 15-story office tower powered by renewable energy.
HUD's Office of Policy Development and Research
Mpact: Mobility, Community, Possibility
Lassen County Planning and Building Services
City of San Carlos
National Capital Planning Commission
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.