Archives For: Industry Updates
U.S. Foreclosure Activity Doubles Annually but Still Below Pre-Pandemic Levels
ATTOM released its Year-End 2022 U.S. Foreclosure Market Report, showing foreclosures were up 115% from 2021 but down 34% from 2019, before the pandemic shook up the market.
12 Jan 2023
Black Knight Announces the Developer Portal, a Comprehensive Catalog of APIs to Enhance Integration and Efficiency for Clients
Black Knight has announced the launch of its new Developer Portal, allowing clients, third-party providers and their developers access to the company’s catalog of application program interfaces across the mortgage life cycle.
12 Jan 2023
Valuation of Mortgage Servicing Rights for Managing Counterparty Credit Risk
FHFA has released its supervisory expectations for Fannie Mae and Freddie Mac to establish and implement risk management policies and procedures for monitoring and valuing seller/servicers’ mortgage servicing rights.
12 Jan 2023
Land Bank in Works for County
Local government leaders have started the process of creating a land bank in Madison County, Ohio, with the first organizational meeting taking place later this month.
4 Jan 2023
Washington to Begin Enforcing Blight-Related Ordinances
Three ordinances designed to combat blight in the city of Washington, PA can now be enforced, including a newly established abandoned residential/commercial property regulation program.
4 Jan 2023
Kankakee Land Bank Looks to Acquire 1st Property
The Kankakee County Land Bank Authority could begin moving tax delinquent and abandoned properties back into productive use in Kankakee County, Illinois.
3 Jan 2023
Office of the Comptroller of the Currency 2022 Annual Report
The Office of the Comptroller of the Currency has released the 2022 Annual Report, outlining strategic priorities, financial management, and regulatory and policy initiatives from 2022.
1 Jan 2023
3 New Cassel Zombie Homes to be Given New Life Thanks to State Grant
The town of North Hempstead, NY has received more than $1 million in state grants to help turn abandoned houses into homes for first-time home buyers in New Cassel.
29 Dec 2022
New York Enacts Statewide Law Superseding Local Requirements for Registration of Mortgages in Default
New York Assembly Bill A3081, signed by Governor Hochul on November 21, effectively preempts any local law that would require mortgage lenders to register mortgages in default at any point prior to the filing of a notice of pendency in foreclosure proceedings.
20 Dec 2022
HUD Seeking First-of-its-Kind Public Input to More Equitably and Accurately Allocate Disaster Recovery Funds
For the first time, HUD has requested public feedback to help determine how best to simplify, modernize and more equitably distribute critical disaster recovery funds.
20 Dec 2022