Archives For: Industry Updates
Mortgage Delinquencies Decrease in the Second Quarter of 2023
MBA reports the mortgage delinquency rate fell to its lowest level since their survey began in 1979, to 3.37% in Q2 2023.
10 Aug 2023
U.S. Foreclosure Activity Dips in July 2023 While Lender Repossessions Continue to Climb
ATTOM has released the July 2023 U.S. Foreclosure Market Report showing foreclosure filings down 9% from a month ago.
10 Aug 2023
Fannie REO Inventory Decreased in Q2
Fannie Mae reported their REO (real estate owned) inventory has decreased at the end of the second quarter of 2023.
9 Aug 2023
Freddie Mac Servicing Guide – Industry Pricing Update
An increase in the reimbursement expense limits for certain expense codes for the preservation and maintenance of vacant properties has been updated for Freddie Mac.
9 Aug 2023
FHA Eyes Electronic Communication with Proposed Modernized Engagement for Defaulting Borrowers
FHA has announced a long-awaited proposal that could revolutionize how mortgage companies engage with borrowers in default.
1 Aug 2023
Top 10 U.S. States with Highest Shares of Underwater Mortgages in Foreclosure in Q2 2023
ATTOM took a deep dive into the data behind its Q2 2023 U.S. Home Equity & Underwater Report to uncover the states where the highest portion of homeowners faced possible foreclosure.
28 Jul 2023
Ginnie Mae Launches New Environmental, Social and Governance Composite and Webpage
Ginnie Mae announced the addition of a new Environmental, Social and Governance webpage with a focus on how their strategy impacts MBS program offers to investors.
28 Jul 2023
Neighborhoods Fight Blighted Investment Properties with Nonprofit Legal Help
NLS and Legal Aid of Western Missouri are helping neighborhoods fight back against blighted properties owned by out-of-state investors.
26 Jul 2023
Pittsburgh City Council Advances Bill to Help the Land Bank with New Conditions
Pittsburgh City Council has advanced an agreement designed to make it easier for the city’s land bank to return more vacant and distressed properties to active use.
26 Jul 2023
HUD Announces Research Grant Opportunity and Event Focused on Office-to-Residential Conversions
HUD released a notice of funding opportunity (NOFO) to study office-to-residential conversions which have grown in interest since the pandemic-induced shift to remote work.
25 Jul 2023