Archives For: Industry Updates
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
Fetterman Announces $1 Million in Funding for Blighted Properties in Reading
Senator Fetterman announced $1 million in funding for blighted property acquisition in Reading, PA after the senate passed a bipartisan bill.
2 Nov 2023
YNDC’s City Survey Shows Progress with Vacant Houses
The Youngstown Neighborhood Development Corporation citywide survey results show that efforts to clean up and demolish blighted properties are paying off.
2 Nov 2023
Butler County gets Another $2.5M to Eliminate Eyesores, Remediate Brownfields
Butler County has received $2.5 million from the Ohio Building Demolition and Site Revitalization Program to raze dilapidated commercial and residential buildings.
2 Nov 2023