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‘Zombie Properties’ – Abandoned Homes – can be Reported with a New Tool in Monroe County and Rochester
A new website has been launched in Monroe County and Rochester, New York for reporting vacant and abandoned properties.
18 Apr 2022
FHA Adds 40-Year Mortgage Modification with Partial Claim to Home Retention Options for Struggling Borrowers
FHA has announced a 40-year mortgage modification available to servicers to help borrowers struggling with the effects of the pandemic.
18 Apr 2022
Plan to Eliminate Vacant Properties in St. Louis Moves to Senate
A bill to eliminate vacant properties throughout St. Louis was passed by the Missouri House of Representatives last week.
15 Apr 2022
Current Mortgage Rates Hit 5% for the First Time in a Decade
The average interest rate on a 30-year fixed-rate mortgage has climbed to 5% for the first time in more than 10 years, according to Freddie Mac.
14 Apr 2022
Legislature Advances Bill to Create Maine Redevelopment Land Bank Authority
A bill that would create a statewide land bank for bringing properties into more productive uses has advanced through the state Legislature and has received overwhelming bipartisan support.
13 Apr 2022
FEMA Fire Management Assistance Declaration – New Mexico Nogal Canyon Fire
FEMA has issued a Fire Management Assistance Declaration for areas of New Mexico affected by the Nogal Canyon Fire on April 12, 2022.
12 Apr 2022
FEMA Fire Management Assistance Declaration – New Mexico Mcbride Fire
FEMA has issued a Fire Management Assistance Declaration for areas of New Mexico affected by the Mcbride Fire on April 12, 2022.
12 Apr 2022
FEMA Fire Management Assistance Declaration – New Mexico Hermit’s Peak Fire
FEMA has issued a Fire Management Assistance Declaration for areas of New Mexico affected by the Hermit’s Peak Fire on April 12, 2022.
12 Apr 2022
FEMA Fire Management Assistance Declaration – New Mexico Big Hole Fire
FEMA has issued a Fire Management Assistance Declaration for areas of New Mexico affected by wildfires on April 11, 2022.
11 Apr 2022
Puerto Rico Plunged into Darkness after Power Station Fire
A major power outage hit Puerto Rico late Wednesday, plunging nearly 350,000 customers into darkness after a fire erupted at one of the largest power plants in the U.S. territory.
7 Apr 2022
St. Petersburg is Transforming Vacant Lots into Affordable Housing
By dealing aggressively with the owners of dilapidated homes and vacant lots, St. Petersburg has improved its housing stock — and is transforming some vacant lots into affordable housing in the process.
7 Apr 2022
City, Partners Present Updated Framework for Tackling Flint’s Blight
The city of Flint, the Genesee County Land Bank Authority, and the Flint Police Foundation shared a new $154 million, five-year framework to address the city’s blight.
6 Apr 2022
Fannie Mae Introduces Expanded Housing Choice Initiative to Increase Access to Affordable Housing
Fannie Mae announced its Expanded Housing Choice initiative, providing a new pricing incentive for Texas and North Carolina multifamily property owners who accept U.S. Department of Housing and Urban Development Housing Choice Vouchers.
4 Apr 2022
Thompson says FHFA is Preparing GSEs for End of Conservatorship
The Federal Housing Finance Agency is preparing the government-sponsored enterprises for life after conservatorship, acting director Sandra Thompson said Thursday.
1 Apr 2022
McKee Announces $5 Million to Address Rhode Island Blight
Governor Dan McKee announced more than $5 million will be allocated to revitalize blighted and vacant properties in Central Falls and Providence areas of Rhode Island.
1 Apr 2022
FHA Issues Guidance on Property Preservation Expenses
The Department of Housing and Urban Development issued a mortgagee letter aimed at clarifying contingencies around property protection and preservation reimbursement for loans that have a first legal foreclosure action filed on or after March 31.
30 Mar 2022