Archives For: Industry Updates
Thompson says FHFA is Preparing GSEs for End of Conservatorship
The Federal Housing Finance Agency is preparing the government-sponsored enterprises for life after conservatorship, acting director Sandra Thompson said Thursday.
1 Apr 2022
McKee Announces $5 Million to Address Rhode Island Blight
Governor Dan McKee announced more than $5 million will be allocated to revitalize blighted and vacant properties in Central Falls and Providence areas of Rhode Island.
1 Apr 2022
FHA Issues Guidance on Property Preservation Expenses
The Department of Housing and Urban Development issued a mortgagee letter aimed at clarifying contingencies around property protection and preservation reimbursement for loans that have a first legal foreclosure action filed on or after March 31.
30 Mar 2022
Mortgage Rates Approach 5% as Fed Tightens and Inflation Rattles Bond Markets
U.S. mortgage rates approached 5% on Friday, the highest daily average in more than four years, as war-worsened inflation fears spooked financial markets and the Federal Reserve ended a two-year emergency program that boosted demand for bonds containing home loans.
29 Mar 2022
Freddie Mac: Mortgage Serious Delinquency Rates Decreased in February
Freddie Mac reported that the Single-Family serious delinquency rate in February was 0.99%, down from 1.06% in January.
25 Mar 2022
Top 10 U.S. Housing Markets with Greatest Number of Foreclosure Starts in February 2022
ATTOM’s February 2022 U.S. Foreclosure Market Report revealed that lenders started the foreclosure process on 16,545 U.S. properties in February 2022.
25 Mar 2022
Louisiana Sends National Guard to Tornado Disaster Area
A tornado that menaced the New Orleans area flipped a school bus, ripped off rooftops and deposited a house with a family inside it onto the middle of their street.
23 Mar 2022
Tornado Outbreak in Texas, Oklahoma Kills 1, Injures at Least 10
At least three southern states were under a tornado watch Tuesday following an outbreak of twisters Monday night in Texas and Oklahoma that cut a path of destruction, killed one person and injured at least 10 others.
22 Mar 2022
Fintech Firm Seeks to Modernize Appraisal Process
Fintech firm CubiCasa is working with Fannie Mae and Freddie Mac to modernize the appraisal process by digitizing it.
22 Mar 2022
Share of Mortgage Loans in Forbearance Decreases by 1.18% in February
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 12 basis points from 1.30% of servicers’ portfolio volume in the prior month to 1.18% as of February 28, 2022.
21 Mar 2022