Archives For: Industry Updates
Macomb County Officials Propose Establishing Land Bank Authority
Macomb County officials are looking at forming a Land Bank Authority to allow the county to obtain, rehab and then sell distressed properties.
24 Nov 2023
ICE First Look at Mortgage Performance: Foreclosure Starts Rose in October Despite Serious Delinquencies Returning to 17-year Lows
ICE reports the “first look” at October 2023 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
22 Nov 2023
Baltimore County Creates Portal to Identify Vacant Properties
Balitmore County has made it easier to identify vacant, blighted properties with the release of a new data portal.
22 Nov 2023
Michael Greenbaum Takes Over as Property Preservation Executive Forum Chair
Michael Greenbaum, COO at Safeguard Properties, has been voted in as Chair of Five Star’s Property Preservation Executive Forum.
21 Nov 2023
Share of Mortgage Loans in Forbearance Decreases to .29% in October
The MBA monthly Loan Monitoring Survey revealed the total number of loans in forbearance decreased to .29% as of October 31, 2023.
20 Nov 2023
VA Calls on Mortgage Servicers to Pause Foreclosures of VA-guaranteed Loans Through May 31, 2024
The U.S. Department of Veterans Affairs has requested that all mortgage servicers pause foreclosures on VA-guaranteed loans through May 31, 2024.
17 Nov 2023
HUD: Update to Property Inspection Fees
HUD has released a new Mortgagee Letter (ML) that updates inspection fees for Property Preservation and Protection.
14 Nov 2023
U.S. Foreclosure Activity Remains Steady in October 2023
ATTOM released its October 2023 U.S. Foreclosure Market Report, showing a total of 34,472 U.S. properties with foreclosure filings.
14 Nov 2023
Mortgage Delinquencies Increase in the Third Quarter of 2023
The MBA National Delinquency Survey reported the delinquency rate for one-to-four-unit residential homes increase to 3.62%.
9 Nov 2023
FHA Extends Current Foreclosure Protections for Borrowers in Maui County, HI
FHA announces it is extending its existing disaster-related foreclosure moratorium in Maui County, HI through May 6, 2024.
2 Nov 2023