A12 THE BULLETIN • WEDNESDAY, JANUARY 6, 2021
Forecasts and graphics provided by AccuWeather, Inc. ©2021
TODAY
THURSDAY
TONIGHT
HIGH
43°
LOW
27°
Cloudy with a couple of
showers
Some sun, then turning
cloudy
ALMANAC
SATURDAY
41°
22°
41°
33°
Showers around early;
otherwise, cloudy
SUNDAY
41°
26°
An a.m. rain or snow
shower, then a shower
TEMPERATURE
Yesterday Normal
Record
46°
40° 60° in 2012
28°
24° -10° in 1974
PRECIPITATION
24 hours through 5 p.m. yesterday
0.03"
Record
0.42" in 1935
Month to date (normal)
0.04" (0.28")
Year to date (normal)
0.04" (0.28")
Barometric pressure at 4 p.m.
30.16"
SUN, MOON AND PLANETS
Rise/Set
Today
Thu.
Sun
7:40am/4:43pm 7:40am/4:44pm
Moon 12:12am/12:10pm 1:27am/12:36pm
Mercury 8:30am/5:26pm 8:31am/5:31pm
Venus
6:22am/3:16pm 6:24am/3:17pm
Mars
11:59am/1:42am 11:56am/1:41am
Jupiter
8:42am/6:07pm 8:39am/6:05pm
Saturn
8:36am/5:58pm 8:33am/5:55pm
Uranus 12:23pm/2:16am 12:19pm/2:13am
Last
New
First
Full
Jan 6
Jan 12
Jan 20
Jan 28
Tonight's sky: Last quarter moon (1:37
a.m. PST).
Source: Jim Todd, OMSI
UV INDEX TODAY
10 a.m.
Noon
2 p.m.
4 p.m.
0
0
0
0
The higher the AccuWeather.com UV Index ™ number,
the greater the need for eye and skin protection. 0-2 Low,
3-5 Moderate; 6-7 High; 8-10 Very High; 11+ Extreme.
ROAD CONDITONS
For web cameras of our passes, go to
www.bendbulletin.com/webcams
I-84 at Cabbage Hill: Periods of snow, mixed
at times with rain. Roads slushy.
US 20 at Santiam Pass: Snow mixed with rain
at times Wednesday, 2-4 inches likely.
US 26 at Gov't Camp: Snowfall of 2-4 inches
today, roads slushy to snow covered.
US 26 at Ochoco Divide: Snow today, 1-3
inches, with rain at times. Roads slushy.
ORE 58 at Willamette Pass: Snow of varying
rates today, accumulating 4-8 inches. Roads
snow covered.
ORE 138 at Diamond Lake: Snow of varying
intensity today, accumulating 3-5 inches.
SKI REPORT
43°
32°
Variable cloudiness
NATIONAL WEATHER
0s
10s
20s
30s
40s
50s
Base
30-30
58-58
32-40
75-81
87-126
21-40
0-80
24-24
22-36
33-47
40-60
24-27
35-41
60s
70s
80s
90s
100s
110s
NATIONAL
EXTREMES
YESTERDAY (for the
Yesterday
City
Hi/Lo/Prec.
Abilene
66/32/0.00
Akron
35/32/0.04
Albany
33/30/Tr
Albuquerque
57/26/0.00
Anchorage
19/16/0.02
Atlanta
58/43/0.00
Atlantic City
43/35/0.01
Austin
72/44/0.00
Baltimore
44/38/Tr
Billings
47/34/Tr
Birmingham
54/42/0.00
Bismarck
40/18/0.00
Boise
44/32/0.15
Boston
33/30/0.03
Bridgeport, CT 43/30/0.00
Buffalo
37/33/0.02
Burlington, VT
29/27/Tr
Caribou, ME
29/22/0.00
Charleston, SC 64/40/0.00
Charlotte
56/33/0.02
Chattanooga
57/44/0.00
Cheyenne
43/26/0.01
Chicago
37/27/Tr
Cincinnati
38/33/0.05
Cleveland
35/32/0.01
Colorado Springs 55/26/0.00
Columbia, MO
49/28/0.00
Columbia, SC
62/35/0.02
Columbus, GA
64/39/0.00
Columbus, OH
36/27/0.01
Concord, NH
33/24/Tr
Corpus Christi
75/56/Tr
Dallas
66/36/0.00
Dayton
35/29/0.04
Denver
55/31/0.00
Des Moines
40/19/0.00
Detroit
34/30/Tr
Duluth
33/18/0.00
El Paso
66/30/0.00
Fairbanks
-4/-8/0.00
Fargo
28/8/0.00
Flagstaff
51/21/0.00
Grand Rapids
36/30/0.01
Green Bay
35/26/0.01
Greensboro
52/29/Tr
Harrisburg
42/37/0.02
Hartford, CT
41/27/0.00
Helena
44/37/0.01
Honolulu
81/70/0.07
Houston
71/46/0.00
Huntsville
54/33/0.00
Indianapolis
35/30/Tr
Jackson, MS
62/34/0.00
Jacksonville
67/36/Tr
Today
Thursday
Hi/Lo/W Hi/Lo/W
57/34/s
55/30/s
36/29/sf
35/27/c
34/23/c
33/20/s
47/24/s
50/26/pc
24/21/sn 27/21/sn
55/37/pc
51/38/r
47/31/s
50/30/s
67/41/r
62/35/s
46/31/s
46/26/s
47/32/pc 42/27/sn
56/41/pc
48/38/r
35/25/pc
37/28/c
43/32/c
42/31/c
39/30/pc
41/26/s
40/29/pc
42/26/s
34/28/sf
31/25/c
30/24/c
29/20/pc
31/21/pc 28/17/pc
57/35/s
59/49/pc
50/31/s
50/33/c
50/33/pc
48/37/r
42/22/s
45/24/pc
35/30/c
36/31/c
39/29/c
38/28/c
36/30/sf
34/29/c
45/23/s
46/23/c
48/31/c
37/28/c
53/30/s
53/39/pc
58/40/pc
54/42/r
37/30/sf
36/27/c
35/23/pc
35/20/s
74/44/t
70/41/s
57/40/r
51/38/pc
37/28/c
36/28/c
46/25/s
49/25/pc
36/25/sn 32/23/pc
37/29/sf
35/27/c
29/20/c
27/18/c
58/28/s
60/32/pc
-2/-5/pc
5/-4/pc
33/21/c
30/23/c
48/18/pc 52/18/pc
36/27/c
34/24/c
34/26/c
33/24/pc
48/28/s
47/32/pc
43/32/pc 43/26/pc
39/28/pc
41/21/s
43/30/c
40/24/sn
82/72/pc 81/67/pc
70/44/r
59/40/s
53/36/pc
47/36/r
37/28/c
36/28/c
58/46/pc
51/37/r
62/42/s
68/49/pc
Amsterdam
Athens
Auckland
Baghdad
Bangkok
Beijing
Beirut
Berlin
Bogota
Budapest
Buenos Aires
Cabo San Lucas
Cairo
Calgary
Cancun
Dublin
Edinburgh
Geneva
Harare
Hong Kong
Istanbul
Jerusalem
Johannesburg
Lima
Lisbon
London
Madrid
Manila
38/34/sn
62/53/pc
77/63/s
68/41/pc
91/74/pc
14/-9/s
73/61/pc
36/32/sn
65/47/t
43/33/r
82/66/pc
79/57/c
75/58/pc
39/25/c
80/66/pc
39/28/pc
35/27/pc
37/24/c
83/61/t
65/55/pc
58/50/c
63/50/s
79/58/t
79/69/c
49/39/c
41/30/pc
44/28/pc
89/76/s
City
Juneau
Kansas City
Lansing
Las Vegas
Lexington
Lincoln
Little Rock
Los Angeles
Louisville
Madison, WI
Memphis
Miami
Milwaukee
Minneapolis
Nashville
New Orleans
New York City
Newark, NJ
Norfolk, VA
Oklahoma City
Omaha
Orlando
Palm Springs
Peoria
Philadelphia
Phoenix
Pittsburgh
Portland, ME
Providence
Raleigh
Rapid City
Reno
Richmond
Rochester, NY
Sacramento
St. Louis
Salt Lake City
San Antonio
San Diego
San Francisco
San Jose
Santa Fe
Savannah
Seattle
Sioux Falls
Spokane
Springfi eld, MO
Tampa
Tucson
Tulsa
Washington, DC
Wichita
Yakima
Yuma
Yesterday
Hi/Lo/Prec.
41/34/0.27
52/26/0.00
33/29/0.01
62/41/0.00
39/33/0.00
46/17/0.00
55/37/0.00
63/48/0.00
39/34/0.01
33/19/0.00
53/37/0.00
72/59/0.00
37/26/Tr
34/16/0.00
52/40/0.00
68/47/0.00
42/37/0.00
42/36/0.00
51/37/0.00
58/27/0.00
42/20/0.00
70/45/0.00
76/46/0.00
32/22/0.03
42/39/0.00
71/44/0.00
35/31/0.01
32/28/0.04
37/31/0.02
48/29/0.00
50/23/0.00
49/27/0.00
50/39/0.00
35/32/0.01
58/35/0.00
51/30/0.00
42/31/0.05
66/47/0.00
61/49/0.00
58/47/0.00
57/41/0.00
54/19/0.00
65/41/0.00
47/42/0.30
41/13/0.00
40/33/0.00
54/23/0.00
72/47/0.00
72/40/0.00
61/26/0.00
43/40/0.03
53/24/0.00
40/28/0.01
73/43/0.00
Today
Thursday
Hi/Lo/W Hi/Lo/W
40/37/sn
40/35/r
39/31/r
38/26/c
35/25/c
32/24/c
59/40/pc
62/39/s
40/28/c
40/29/c
37/30/sn
37/22/c
49/38/r
41/32/r
72/50/pc
71/51/s
42/31/c
41/31/c
31/24/c
33/23/pc
54/41/pc
42/34/r
74/60/s
76/65/pc
37/32/c
36/31/c
33/22/c
32/20/c
49/33/pc
45/33/r
66/51/c
58/44/c
41/32/pc
44/29/s
42/31/pc
44/26/s
47/36/s
45/35/pc
45/35/c
42/31/pc
35/29/sn
35/21/c
69/50/s
74/57/pc
73/50/pc
77/50/s
35/26/c
33/27/c
43/32/s
44/27/s
71/44/pc
71/44/s
35/28/sf
34/24/c
37/27/pc 39/21/pc
40/29/pc
44/24/s
49/29/s
48/33/pc
44/19/s
40/26/pc
53/26/pc
49/34/s
48/29/s
47/29/pc
33/28/sf
31/24/c
53/42/sh 55/45/pc
45/32/c
37/30/sf
39/24/s
39/22/c
69/44/sh
66/36/s
67/46/pc
69/47/s
57/47/c
59/51/pc
61/44/pc 62/49/pc
44/19/s
48/19/pc
60/37/s
63/50/pc
49/41/r
51/43/c
36/27/sn
35/21/c
40/34/c
40/29/c
44/33/r
37/25/sn
69/52/s
72/60/pc
73/41/pc 73/41/pc
45/36/r
44/28/sh
46/33/s
46/30/s
43/34/r
41/28/c
46/29/c
45/35/pc
71/42/pc 72/42/pc
87/67/0.00
73/45/0.00
27/25/0.14
30/28/0.16
81/59/0.00
75/67/0.02
67/59/0.08
49/36/0.00
16/14/0.00
28/27/0.09
37/34/0.06
82/73/0.00
52/43/0.84
86/54/0.00
86/68/0.00
23/10/0.02
27/19/0.00
47/42/0.00
86/73/0.04
30/29/0.04
82/69/0.06
65/60/0.37
74/55/0.00
50/41/0.00
34/32/0.04
45/37/0.40
39/36/0.00
41/37/0.52
88/71/pc
73/46/pc
31/18/c
21/19/c
80/58/s
74/63/pc
68/52/sh
48/34/pc
15/15/pc
30/22/c
39/31/c
87/77/t
53/39/r
87/57/pc
86/71/t
23/10/sn
28/3/s
44/20/pc
84/76/t
30/28/c
75/62/t
63/52/r
75/56/pc
45/39/pc
34/25/sf
47/38/pc
36/31/c
38/34/c
INTERNATIONAL
48 contiguous states)
National high: 84°
at Kingsville, TX
National low: -8°
at Crested Butte, CO
Precipitation: 0.72"
at Quillayute, WA
T-storms
Cloudy with a couple of
showers possible
NATIONAL
Astoria
50/41
Yesterday
Today Thursday
Yesterday
Today Thursday
Yesterday
Today Thursday
City
Hi/Lo/Prec. Hi/Lo/W Hi/Lo/W
City
Hi/Lo/Prec. Hi/Lo/W Hi/Lo/W
City
Hi/Lo/Prec. Hi/Lo/W Hi/Lo/W
Astoria
52/40/0.12 50/41/r
51/44/c
La Grande
41/31/0.05 40/31/sn 39/31/c
Portland
51/43/Tr
50/41/r
51/43/c
Baker City
42/27/0.01 39/26/sn 39/29/c
La Pine
38/25/0.02 41/23/sn 39/31/c
Prineville
45/27/0.00 44/27/c 39/34/pc
Brookings
55/43/0.17 52/42/t
53/46/c
Medford
45/34/Tr
50/33/r
46/39/c
Redmond
46/24/0.00 47/28/sh 45/37/pc
Burns
42/21/Tr
39/21/sn 38/26/pc
Newport
50/43/0.03 50/42/r
51/45/c
Roseburg
53/34/0.06 53/36/r
47/42/c
North Bend
55/42/0.04 52/41/r
53/46/c
Salem
51/40/0.01 50/38/r
49/41/c
Eugene
50/37/0.01 50/36/r
48/41/c
Klamath Falls
41/26/Tr
40/24/sn 38/33/pc
Ontario
47/33/0.02 43/31/c 42/31/pc
Sisters
40/24/0.04 44/27/sh 42/34/c
Lakeview
39/27/0.01 41/19/sn 37/29/c
Pendleton
52/35/0.00 49/37/c 46/33/c
The Dalles
44/32/Tr
47/35/sh 48/38/c
Weather(W): s-sunny, pc-partly cloudy, c-cloudy, sh-showers, t-thunderstorms, r-rain, sf-snow flurries, sn-snow, i-ice, Tr-trace, Yesterday data as of 5 p.m. yesterday
-0s
51°
39°
TRAVEL WEATHER
Umatilla
Seaside
Hood
48/35
49/39
River
Rufus
Hermiston
Cannon Beach
48/35
46/33 Arlington
Hillsboro Portland 47/36
Meacham Lostine
49/40
50/39 50/41
39/28
Wasco 49/34
42/32 Enterprise
Pendleton
The Dalles
Tillamook
41/31
45/32
49/37
Sandy
47/35
McMinnville
51/39
Joseph
Heppner
La Grande
47/41
Maupin
Government
49/40
40/31
38/29
Camp
45/30 Condon 48/37
Union
Lincoln City
46/31
44/37
41/32
Salem
49/40
Spray
Granite
Warm Springs
50/38
Madras
47/31
Albany
36/23
Newport
Baker City
45/30
45/28
Mitchell
50/42
49/38
39/26
WEST: Rain tapering
Camp Sherman
44/27
Redmond
Corvallis
John
Yachats
Unity
to showers Wednes-
44/27
47/28
50/37
Day
Prineville
50/41
38/22
day. Partly to mostly
Ontario
Sisters
44/27
Paulina
42/27
43/31
cloudy at night with
Florence
Eugene 44/27
41/24
Brothers
Bend
Vale
areas of fog.
52/42
50/36
41/23
Sunriver 43/27
40/29
Nyssa
42/26
Hampton
Cottage
La Pine
41/29
Juntura
Oakridge
Grove
41/23
41/23
OREGON EXTREMES Coos Bay
Burns
41/25
51/32
50/38
Fort Rock
53/41
Riley 39/21
YESTERDAY
Crescent
42/21
39/19
High: 55°
40/23
Bandon
Roseburg
Christmas Valley
Jordan Valley
at Brookings
Beaver
Frenchglen
Silver
53/42
53/36
43/23
42/26
Low: 21°
Marsh
Lake
43/24
Port Orford
39/20
42/22
at Burns
Grants
Burns Junction
Paisley
54/43
Pass
45/24
Chiloquin
41/18
51/37
Rome
Medford
40/21
Gold Beach
50/33
46/26
53/44
Klamath
Fields
Ashland
McDermitt
Lakeview
Falls
Brookings
43/24
48/32
40/24
41/22
52/42
41/19
-10s
48°
34°
Shown is today’s weather. Temperatures are today’s highs and tonight’s lows.
EAST: Cloudy and
breezy Wednesday;
snow, mixed at times
with rain. Rain and
snow in the evening;
mostly cloudy later.
CENTRAL: Wednesday
will be damp with
periods of rain and
snow. Partial clearing
Wednesday night.
TUESDAY
Chance for a couple of
showers
Rain
In inches as of 5 p.m. yesterday
Ski resort
New snow
Anthony Lakes Mtn
0
Hoodoo Ski Area
0
Mt. Ashland
0
Mt. Bachelor
3
Mt. Hood Meadows
9
Mt. Hood Ski Bowl
0
Timberline Lodge
3
Willamette Pass
0
Aspen / Snowmass, CO
0
Mammoth Mtn. Ski, CA
3
Squaw Valley, CA
12
Park City Mountain, UT
5
Sun Valley, ID
8
MONDAY
OREGON WEATHER
Bend Municipal Airport through 5 p.m. yest.
High
Low
FRIDAY
Shown are today’s noon positions of weather systems and precipitation. Temperature bands are highs for the day.
Rain
Showers
Snow
Flurries
Ice
Warm Front
Stationary Front
Cold Front
Source: OnTheSnow.com
39/35/0.17
61/46/0.00
77/63/0.00
64/43/0.00
90/73/0.00
29/6/0.00
72/59/0.00
35/33/0.20
68/39/0.12
41/39/0.04
83/73/0.44
79/46/0.00
73/60/0.00
36/30/0.02
79/70/0.38
41/36/0.91
38/35/0.14
36/29/0.08
81/59/0.21
70/63/0.00
59/54/0.03
62/49/0.00
77/60/0.13
77/67/0.00
48/37/0.00
39/35/0.27
43/23/0.00
84/77/0.08
39/35/sn
62/56/c
76/64/c
67/38/pc
91/75/pc
20/1/s
73/60/pc
35/30/sn
66/47/pc
38/27/pc
85/70/s
80/58/s
75/57/pc
35/16/s
82/63/sh
38/31/sh
37/28/pc
37/26/pc
82/61/t
63/46/pc
59/52/pc
62/47/s
74/57/t
80/70/pc
50/37/c
36/29/pc
34/28/sn
89/75/s
Mecca
Mexico City
Montreal
Moscow
Nairobi
Nassau
New Delhi
Osaka
Oslo
Ottawa
Paris
Rio de Janeiro
Rome
Santiago
Sao Paulo
Sapporo
Seoul
Shanghai
Singapore
Stockholm
Sydney
Taipei City
Tel Aviv
Tokyo
Toronto
Vancouver
Vienna
Warsaw
87/73/pc
70/47/pc
29/15/pc
22/20/sn
81/57/s
76/67/s
66/49/pc
42/27/c
20/14/c
27/14/c
38/29/pc
88/78/t
51/39/sh
87/57/pc
87/71/t
26/13/sn
14/-1/s
25/17/pc
81/76/c
32/27/sn
72/58/pc
54/43/r
74/53/s
53/33/pc
30/18/pc
47/38/c
37/25/pc
35/31/sn
Payments
Pittock
Continued from A11
Continued from A11
The IRS said that direct deposit payments
would take several days to post to individual
accounts but funds were largely available on
Monday. Some payments are also being sent via
paper check or debit cards during the month of
January.
Taxpayers can use the Get My Payment tool
on the IRS website to find out about the status of
their payment.
However, many people said that they checked
the IRS site and found their payments were sent
to an account they did not recognize.
Samantha Smith, of Dallas, said she received her
$1,200 relief payment in the spring via direct de-
posit without any issues. But her payment for this
round of economic relief went to an account she
did not recognize.
She contacted TurboTax, which prepared her
most recent tax filing, and was told if she paid her
tax preparation fees with her refund due, rather
than paying for it upfront, then the second pay-
ment may have been sent to a TurboTax bank.
Several other taxpayers who paid their fees the
same way also reported delays.
Smith, who was laid off in October, had
planned to use the money to pay her rent and
is frustrated as her hands tied until the money
comes in.
“I would love that money,” she said. “It’s imper-
ative.”
There is no exact measure at this time of how
many taxpayers were impacted. The IRS did not
have a comment early Tuesday on the scope or
cause of the problem.
TurboTax said that the IRS is the “sole party
with the ability to determine eligibility and dis-
tribute stimulus payments” and that by law, the
financial institution must return the payment to
the IRS if an account is no longer active.
“We know how important these funds are for
so many Americans and that everyone is anxious
to get their money,” said company spokeswoman
Ashley McMahon. “We are partnering with the
IRS to help taxpayers receive their payments as
Alco said that several long-distance
phone companies expressed interest in
leasing space at the Pittock Block during
the 1980s, when it was near another local
phone company’s regional switching hub.
“About the same time, the Internet be-
came more widely adopted and Internet
Service Providers that were also interested
in gaining access to the neutral telecommu-
nications infrastructure, built data centers
in the building,” Doug Rosen, Alco’s chief
investment officer, said in a statement Tues-
day. “As a result, we oversaw a major retrofit
of the building in 1999 that set the building
up to take on these types of tenants.”
The Pittock Block functioned as neutral
territory for all those phone lines to con-
nect meet and continues to play a similar
role today, serving 16 fiber-optic internet
carriers and 179 other service providers.
Externally, the building is indistinguish-
able from other older buildings downtown.
But the Pittock Block gained a degree of
national fame in 2012 when Portland soft-
ware developer Cabel Sasser wrote about
his discovery of old newspaper clippings
pasted to the walls of the building’s base-
ment – and juxtaposed those with photos
of modern telecommunications cables run-
ning through the property.
The building once served as a newspa-
per pressroom but though Pittock was The
Oregonian’s publisher for four decades,
historical evidence suggests his newspaper
never published in the Pittock Block.
Rather, it appears The Evening Telegram
may have published there beginning in
1914 or soon after.
When Pittock died in 1919 his death was
attributed to influenza amid a global flu
pandemic.
AP file
WHO’S GETTING MONEY?
After months of halting negotiations, Congress agreed to a roughly $900 billion coronavirus relief package
Dec. 21 that includes $600 direct payments to taxpayers who earn less than $75,000 annually, or $150,000
for couples, with an additional $600 for each child under 17. Those earning up to $87,000 — or $174,000 for
couples — will receive reduced payments, with higher earners ineligible.
WHEN?
Many Americans have already received their $600 payments as direct deposits into their bank accounts.
Checks will be automatically mailed to taxpayers who don’t have direct deposit information on file with the
Internal Revenue Service.
WHAT OTHER BENEFITS?
Congress’ relief bill includes $300 per week in extra unemployment payments for up to 11 weeks, half of the
amount Congress authorized from March through July. Critics of stimulus checks argue increasing those jobless
benefits is a more targeted way to get help to those who need it most and stimulate the economy.
Sources: Spokesman-Review, Associated Press
quickly as possible.”
H&R Block said that it “understands stimulus
checks are vitally important for millions of Amer-
icans” and said if the IRS Get My Payment website
displays an account number a customer doesn’t
recognize, then its customer service agents are
ready to help by phone or online.
The IRS has said that there is no action re-
quired by eligible individuals to receive this sec-
ond payment. The payments are automatic, and
people should not contact their financial institu-
tions or the IRS with payment timing questions.
Homebuying
Banking
Continued from A11
Brooks, who has been nominated by President
Donald Trump for a full term as comptroller, is
facing time pressure to finish the rule because he
could be replaced after President-elect Joe Biden
takes office Jan. 20.
“The proposal’s fundamental practical prob-
lems are compounded by its basic legal deficien-
cies,” the Bank Policy Institute said in its letter.
It would “effectively replace the traditional busi-
ness of American banking” by dumping a firm’s
risk-management decisions for a system in which
the regulator dictates “to whom financial services
must be provided.”
The proposal drew thousands of comment let-
Continued from A11
“It is extremely troubling that a federal
regulator is using its supervisory authority to
pressure banks to finance projects the banks
themselves have deemed too risky.”
— Sen. Brian Schatz, D-Hawaii
ters, many of them from people supporting its
requirement that big banks open their doors to
firearms businesses.
Consumer groups and Democratic lawmak-
ers joined lenders in criticizing the rule, focus-
ing more on climate change issue than on banks’
business models.
“This proposed rule directly undermines the
OCC’s responsibility to ensure a safe and sound
banking sector,” said Sen. Brian Schatz of Hawaii,
who co-signed a comment letter with a group of
congressional Democrats. “It is extremely trou-
bling that a federal regulator is using its supervi-
sory authority to pressure banks to finance proj-
ects the banks themselves have deemed too risky.”
Bankers also questioned OCC’s reliance on
Dodd-Frank Act language directing the agency
to ensure “fair access to financial services” as a
basis for the rule. It “strains credulity” to anchor a
“significant, burdensome, and novel rule” on that
clause, the American Bankers Association said in
its letter.
“We are considering all of the stakeholders
comments as we prepare a final rule,” said Bryan
Hubbard, an OCC spokesman.
During the pandemic, prices have in-
creased faster than earnings, leaping by
double digits in 79% of the 499 counties
included in the report. More than half of
those counties are now less affordable than
their historic averages, Attom said in a re-
port Thursday.
Mortgage rates ended 2020 near the
lowest on record, with the average for a
30-year loan at 2.67%, Freddie Mac said
Thursday.
“The future remains wholly uncertain
and affordability could swing back into
positive territory,” said Todd Teta, chief
product officer at Attom. “But, for now,
things are going in the wrong direction for
buyers.