Archives For: Industry Updates
Neighbors Beg Portland Officials to Foreclose ‘Hazard’ House, 8 Other Properties
The city of Portland is taking action against property owners with blighted houses that are causing problems on the east side of town.
11 Sep 2023
Freddie Mac Announces Michael J. DeVito to Retire as CEO
Freddie Mac announced that Michael J. DeVito has informed the Board of Directors of his intention to retire as CEO in Q1 2024.
8 Sep 2023
CoreLogic: 1.11 Million Homeowners with Negative Equity in Q2 2023
CoreLogic released the Homeowner Equity Report for Q2 of 2023 showing U.S. homeowners saw equity decrease by 1.7% year over year.
8 Sep 2023
Marietta City Council Designates Money Towards Blight Program
Marietta City Council voted to designate up to $40,000 using ARPA funds towards a project they believe will help address blight.
8 Sep 2023
CoreLogic: Mortgage Delinquencies, Foreclosure Rates at Historic Lows
CoreLogic released its Loan Performance Insights report for August 2023 showing mortgage delinquencies and foreclosure rates at historic lows.
1 Sep 2023
Default Servicing Industry Leaders Expect Slight Increase in Foreclosure Volume and Falling Home Prices to End 2023
Auction.com released its 2023 Seller Insights report, showing 92% of default servicing industry leaders expect foreclosure volume to increase in 2023.
25 Aug 2023
Zombie Foreclosures Hold Steady During Third Quarter
ATTOM’s Vacant Property and Zombie Foreclosure Report for Q3 2023 found that of the 315,425 residential properties in pre-foreclosure, 8,800 sit vacant.
24 Aug 2023
Black Knight: Mortgage Delinquency Rate Increased Slightly in July
According to Black Knight’s First Look report for July 2023, the percent of delinquent loans increased slightly while the percent of loans in foreclosure decreased slightly.
23 Aug 2023
Share of Mortgage Loans in Forbearance Decreases to .39% in July
The MBA Loan Monitoring Survey revealed that the total number of loans in forbearance decreased to .39% of servicers’ portfolios as of July 31, 2023.
21 Aug 2023
City of Quincy Accepting Proposals for “Fix or Flatten” Properties for Redevelopment
The city of Quincy is accepting proposals for dangerous building to add to their “fix or flatten” list to be either demolished or redeveloped.
16 Aug 2023