Archives For: Industry Updates
HUD Proposed New Rule to Govern the Sale of FHA Mortgage Notes
HUD is proposing a new rule to govern the sale of seriously delinquent single family mortgage loans insured by FHA.
17 Jul 2024
Top 10 States Posting Midyear Declines in Foreclosure Filings
ATTOM outlines the top 10 U.S. states posting the greatest declines in foreclosure activity over the 6 months of 2024.
12 Jul 2024
Auction.com 2024 Seller Insights Report
Auction.com’s 2024 Seller Insights Report reports that most default servicing leaders expect a gradual increase in foreclosure volume over the second half of the year.
12 Jul 2024
Foreclosure Activity in First Half of 2024 Down from Previous Year
ATTOM has released its Midyear 2024 U.S. Foreclosure Market Report, showing there were 177,431 properties with foreclosure filings in the first half of 2024.
10 Jul 2024
CFPB Proposed Rules to Help Homeowners Avoid Foreclosure
CFPB proposed new rules that would require servicers to help homeowners before foreclosing, reduce servicer paperwork, and improve homeowner communication.
10 Jul 2024
Foreclosure Fee Sets Counties Up to Fight Blight
A new law in Pennsylvania gives counties a new tool to address blight by applying a $250 fee to foreclosure sales.
9 Jul 2024
Fannie and Freddie: Single Family Serious Delinquency Rate Decreased in May, Multi-family Increased Slightly
Fannie and Freddie report that single-family serious delinquencies decreased in May, while multi-family serious delinquencies increased slightly.
8 Jul 2024
Land Bank Approves Lot Transfers to City of Topeka for Affordable Housing
Several vacant lots in Topeka have been made available for affordable housing development thanks to actions by the city’s Land Bank.
26 Jun 2024
Share of Mortgage Loans in Forbearance Decreases Slightly to .21% in May
MBA’s monthly Loan Monitoring Survey revealed the total number of loans now in forbearance decreased slightly in May 2024.
24 Jun 2024
HUD Makes Over $469 Million Available to Protect Families from Home Health and Safety Hazards
HUD announced the Lead Hazard Reduction Grant Program’s NOFO that makes over $469M available to support safer affordable housing.
24 Jun 2024