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As 1.2 Million Mortgage Holders Exit Forbearance, Unexpected Hurdles
COVID-19 forbearance protections have officially ended — or will be ending soon — for 1.2 million out of an estimated 1.7 million loans that remained in forbearance as of August 2021, according to CoreLogic.
11 Oct 2021
New HUD Rule Aims to Prevent Public Housing Evictions
A proposed HUD rule will ban evictions without giving tenants 30-days’ notice and providing info on available federal emergency assistance.
11 Oct 2021
FEMA Declared Disaster New York Remnants of Tropical Storm Fred
FEMA issued a Presidential Major Disaster Declaration for areas in New York affected by Tropical Storm Fred that took place August 18-19, 2021.
8 Oct 2021
Comments on September Unemployment
The headline jobs number in the September employment report was well below expectations. Unemployment rate decreases by 4.8% in September.
8 Oct 2021
Black Knight: Number of Homeowners in COVID-19- Related Forbearance Plans “Largest Weekly Decline in 12 Months”
The number of active forbearance plans fell by 177,000 this week with declines seen across all investor classes, led by an 84,000 plan drop among FHA/VA loans. Overall, forbearances have declined by 17% over the past 30 days.
8 Oct 2021
Albany City Commission Considers Vacant Property Registry
Under the vacant property registration proposal, owners of vacant structures and foreclosed properties would pay a $100 registration fee.
5 Oct 2021
OCC Reports Improvement in Mortgage Performance
The Office of the Comptroller of the Currency reported that the performance of first-lien mortgages in the federal banking system improved during the second quarter of 2021.
28 Sep 2021
Freddie Mac: Mortgage Serious Delinquency Rate Decreased in August
Freddie Mac reported that the Single-Family serious delinquency rate in August was 1.62%, down from 1.74% in July. Freddie’s rate is down year-over-year from 3.17% in August 2020.
27 Sep 2021
Safeguard Executives Featured in Panel Discussions at Five Star Conference
Members of the Safeguard executive team were featured as experts in multiple panel discussions at the 2021 Five Star Conference and Expo this past September. The event held in Dallas, Texas focused on the mortgage industry’s most pressing topics, providing insight into property management, services, and compliance within the industry.
19 Sep 2021
MBA: Mortgage Applications Increase in Latest Weekly Survey
Mortgage applications increased 0.3 percent from one week earlier, according to data from the MBA Weekly Mortgage Applications Survey for the week ending September 10, 2021.
15 Sep 2021
Vacant Zombie Properties Decline as Foreclosure Moratorium Ends
ATTOM’s third-quarter 2021 Vacant Property and Zombie Foreclosure Report showed that 1.3 million residential properties in the United States sit vacant. That represents 1.4 percent across the nation that could be classified as zombie properties.
13 Sep 2021
FEMA Declared Disaster Louisiana Tropical Storm Nicholas
FEMA issued an Emergency Declaration for areas in Louisiana affected by Tropical Storm Nicholas that began on September 12, 2021.
13 Sep 2021
FEMA Declared Disaster Arizona Severe Storms And Flooding
FEMA issued a Presidential Major Disaster Declaration for areas in Arizona affected by severe storms and flooding that took place July 22-24, 2021.
13 Sep 2021
HUD Homes More Likely to be in Floodplains
Repossessed homes sold by the Department of Housing and Urban Development between 2017 and 2020 were almost 75 times more likely to be in federally designated floodplains than other homes sold during that timeframe.
13 Sep 2021
FEMA Declared Disaster California Caldor Fire
FEMA issued a Presidential Major Disaster Declaration for areas in California affected by the Caldor Fire that began on August 14, 2021.
12 Sep 2021
FEMA Declared Disaster Pennsylvania Remnants Of Hurricane Ida
FEMA issued a Presidential Major Disaster Declaration for areas in Pennsylvania affected by remnants of Hurricane Ida that took place August 31 to September 5, 2021.
10 Sep 2021