Archives For: Industry Updates
Loan Performance Insights – October 2022
The CoreLogic Loan Performance Insights Report measures early-stage delinquency rates to analyze the health of the mortgage market through August 2022.
27 Oct 2022
OCC Announces Office of Financial Technology
OCC announced it will establish an Office of Financial Technology to bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape.
27 Oct 2022
Zombie Property Count Ticks Upward Again Across U.S. in Fourth Quarter but Remains Tiny Portion of Housing Market
ATTOM released its 4th quarter 2022 Vacant Property and Zombie Foreclosure Report showing that 1.3 mill residential properties in the U.S. are vacant.
27 Oct 2022
FHFA Announces Validation of FICO 10T and VantageScore 4.0 for Use by Fannie Mae and Freddie Mac
FHFA announced the validation and approval of both the FICO 10T and VantageScore 4.0 credit score models for use by Fannie Mae and Freddie Mac.
24 Oct 2022
Newark Targets Derelict Property Owners with New Ordinance
A new law in Newark aims to tackle the problem of derelict properties by penalizing unreachable corporations and absentee lot owners.
21 Oct 2022
Mortgage Application Volume Hits 25-Year Low
Mortgage application activity again fell during the week ending October 14 as mortgage rates hit their highest level in 20 years.
19 Oct 2022
Share of Mortgage Loans in Forbearance Decreases to .69% in September
The Mortgage Bankers Association monthly Loan Monitoring Survey reported that loans in forbearance fell 3 basis points in September from the previous month.
17 Oct 2022
Lawmaker Says it’s Time for a Land Bank in St. Louis County
A St. Louis lawmaker plans to introduce legislation that will allow the county to create a land bank to better absorb and repurpose abandoned properties in neighborhoods.
17 Oct 2022
Freddie Mac Announces Underwriting Innovation to Help Lenders Qualify More Borrowers for a Mortgage
Freddie Mac will increase homeownership opportunities by identifying a history of positive monthly cash flow to a borrowers bank account with new tech added to its automated underwriting system LPASM.
17 Oct 2022
FHFA Outlines Seven Challenges for 2023
FHFA, Office of the Inspector General has published a memo identifying major challenges Fannie Mae and Freddie Mac expects to face in 2023.
14 Oct 2022