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Mortgage Rates Approach 5% as Fed Tightens and Inflation Rattles Bond Markets
U.S. mortgage rates approached 5% on Friday, the highest daily average in more than four years, as war-worsened inflation fears spooked financial markets and the Federal Reserve ended a two-year emergency program that boosted demand for bonds containing home loans.
29 Mar 2022
FEMA Major Disaster Declaration – Puerto Rico Severe Storms, Flooding, and Landslides
FEMA has issued a Major Disaster Declaration for areas of Puerto Rico affected by severe storms, flooding and landslides from Feb. 4-6, 2022.
29 Mar 2022
FEMA Major Disaster Declaration – Washington Severe Winter Storms, Straight-line Winds, Flooding, Landslides, and Mudslides
FEMA has issued a Major Disaster Declaration for areas of Washington affected by severe winter storms, straight-line winds, flooding, landslides, and mudslides from Jan. 1-15, 2022.
29 Mar 2022
Freddie Mac: Mortgage Serious Delinquency Rates Decreased in February
Freddie Mac reported that the Single-Family serious delinquency rate in February was 0.99%, down from 1.06% in January.
25 Mar 2022
Top 10 U.S. Housing Markets with Greatest Number of Foreclosure Starts in February 2022
ATTOM’s February 2022 U.S. Foreclosure Market Report revealed that lenders started the foreclosure process on 16,545 U.S. properties in February 2022.
25 Mar 2022
FEMA Major Disaster Declaration – Alaska Severe Winter Storm and Straight-line Winds
FEMA has issued a Major Disaster Declaration for areas of Alaska affected by a severe winter storm and straight-line winds from December 25-27, 2021.
24 Mar 2022
Louisiana Sends National Guard to Tornado Disaster Area
A tornado that menaced the New Orleans area flipped a school bus, ripped off rooftops and deposited a house with a family inside it onto the middle of their street.
23 Mar 2022
Tornado Outbreak in Texas, Oklahoma Kills 1, Injures at Least 10
At least three southern states were under a tornado watch Tuesday following an outbreak of twisters Monday night in Texas and Oklahoma that cut a path of destruction, killed one person and injured at least 10 others.
22 Mar 2022
Fintech Firm Seeks to Modernize Appraisal Process
Fintech firm CubiCasa is working with Fannie Mae and Freddie Mac to modernize the appraisal process by digitizing it.
22 Mar 2022
Share of Mortgage Loans in Forbearance Decreases by 1.18% in February
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 12 basis points from 1.30% of servicers’ portfolio volume in the prior month to 1.18% as of February 28, 2022.
21 Mar 2022
CFPB Encourages Mortgage Servicer Participation in HAF Programs
Last week, the CFPB published a blog post, stating that it “strongly encourages” mortgage servicers to participate in Homeowner Assistance Fund (HAF) programs.
21 Mar 2022
Baltimore City Council Introduces Legislation to Combat Vacant Properties
Baltimore City Council introduced five bills aimed at combating the city’s problem with vacant properties.
21 Mar 2022
Freddie Mac Names Wendell Chambliss as Chief Diversity & Inclusion Officer
Freddie Mac announced that Wendell Chambliss has been appointed senior vice president and chief diversity and inclusion officer.
21 Mar 2022
FEMA Fire Management Assistance Declaration – Texas Big L Fire
FEMA has issued a Fire Management Assistance Declaration for areas of Texas affected by wildfires on March 20, 2022.
20 Mar 2022
FEMA Fire Management Assistance Declaration – Texas Wheat Field Fire
FEMA has issued a Fire Management Assistance Declaration for areas of Texas affected by wildfires on March 17, 2022.
18 Mar 2022
New York Law Provides Additional Criteria for Determining if a Property is Vacant or Abandoned
New York Senate Bill 7792 was signed into law by the Governor on March 18, 2022. The bill adds additional criteria to the current law under RPAPL 1307 for determining whether properties can be deemed vacant or abandoned.
18 Mar 2022