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Share of Mortgage Loans in Forbearance Remains Flat at .7% in November
The MBA Monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance remained flat relative to the prior month at 0.70% as of November 30, 2022.
19 Dec 2022
How Hartford Land Bank Helps City Residents Turn Blighted Properties into Homeownership Opportunities
The Hartford Land Bank is working with Hartford-based developers to invest in blighted properties in the city, with the hope of driving better living conditions and potential for homeownership in the tenant-dominated city.
17 Dec 2022
New Orleans Area Tornadoes Leave Widespread Damage
Much of the New Orleans, LA and surrounding areas will be assessing damage today after destructive tornadoes tore through on Wednesday 12/14.
15 Dec 2022
Mortgage Rates Drop for Fifth Week in a Row
Mortgage rates fell once again this week, dipping for the fifth straight week in a row. According to Freddie Mac, the average 30-year fixed rate is currently at 6.31%.
15 Dec 2022
FHFA Sets New Percentage-Based Benchmark for Multifamily Housing Goals
FHFA has finalized the benchmark levels for Fannie Mae and Freddie Mac’s multifamily housing goals for 2023 and 2024.
15 Dec 2022
OCC Reports Improvement in Overall Mortgage Performance
The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the third quarter of 2022.
15 Dec 2022
FEMA Major Disaster Declaration – Florida Hurricane Nicole
FEMA has issued a Major Disaster Declaration for areas of the state of Florida affected by Hurricane Nicole from November 7-30, 2022.
13 Dec 2022
Following NY Zombie Home Law, Fewer Abandoned, Unsightly Homes on Staten Island
Since a 2016 state law was enacted to help reduce the zombie property epidemic across New York, there are 311 fewer abandoned properties on Staten Island.
13 Dec 2022
$1 Million in ARPA Funds to Build Affordable Housing in Clark County
Over the next 3 years, Clark County will build approximately 12 affordable homes on land owned by the Clark County Land Reutilization Corporation, also known as the Land Bank.
9 Dec 2022
U.S. Foreclosure Completions Increase Annually by 64 Percent in November 2022
ATTOM has released its November 2022 U.S. Foreclosure Market Report, showing U.S. properties with foreclosure filings up 57% from a year ago.
8 Dec 2022
Toledo, Land Bank Awarded $9.8 Million to Demolish Blighted Properties
Toledo and the Lucas County Land Bank have been awarded $9.8 million to demolish vacant homes affecting the city with blight.
6 Dec 2022
Fannie Mae Introduces Enhancements to Help Expand Homeownership Opportunities for Underserved Borrowers
Fannie Mae announced enhancements to its automated underwriting system designed to expand eligibility to homebuyers who do not have a credit score.
6 Dec 2022
Black Knight: 8% of 2022 Mortgaged Home Purchases Now Underwater
Black Knight Data & Analytics released its latest Mortgage Monitor Report, reporting that up to 8% of homes purchases in 2022 are now at least marginally underwater.
5 Dec 2022
HUD Awards $30 Million to Fund Ross Service Coordinators to Support Needs of Public and Indian Housing Residents
HUD awarded funding to hire and maintain service coordinators who will assess the needs of Public and Indian Housing residents.
5 Dec 2022
FHFA Announces Conforming Loan Limit Values for 2023
FHFA has announced conforming loan limit values for mortgages to be acquired by Fannie Mae and Freddie Mac in 2023.
29 Nov 2022
FEMA Major Disaster Declaration – West Virgina Severe Storms, Flooding, Landslides, and Mudslides
FEMA has issued a Major Disaster Declaration for areas of the state of West Virginia affected by severe storms, flooding, landslides and mudslides from July 12-13, 2022.
28 Nov 2022