Archives For: Industry Updates
U.S. Foreclosure Activity Sees Spike in May 2023
ATTOM, a leading curator of land, property, and real estate data, today released its May 2023 U.S. Foreclosure Market Report, which shows there were a total of 35,196 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 7 percent from a month ago and up 14 percent from a year ago.
8 Jun 2023
Freddie Mac Adds Affordable Housing Program for Native Americans
Freddie Mac launched a new mortgage product titled HeritageOne to support members of Native American communities.
8 Jun 2023
City, County Weigh Land Bank Proposal
Tifton and Tift County are joining together to find a solution to tackling vacant, abandoned properties in the Tift area.
5 Jun 2023
FHA Proposes Innovative Approach to Keep Struggling Homeowners in their Homes
FHA announced a proposal for a new home retention option to help struggling homeowners meet their mortgage obligations.
31 May 2023
What Can Fort Worth Learn from Other Land Banks Across the Country?
The city of Fort Worth is considering creating a land bank in an effort to address the need for more affordable housing.
30 May 2023
PA House Panel Approves Blight-Fighting Bill, Heads to Floor
Legislation that would help communities across Pennsylvania fight flight is headed for the House floor.
27 May 2023
Zombie Foreclosures Keep Increasing but Remain a Tiny Presence Around Most of U.S.
ATTOM released its 2nd-quarter 2023 Vacant Property and Zombie Foreclosure Report showing that approximately 1.3 million residential properties in the US are vacant.
24 May 2023
Mixed Economic News Shows Rise in Mortgage Delinquencies, but Big Drop in Foreclosures
Black Knight reported the national mortgage delinquency rate rose by 13% in April, while foreclosure starts saw a decrease of 23%.
24 May 2023
Freddie Mac Expands Digital Capabilities to Help Lenders Reach More Qualified Borrowers
Freddie Mac announced enhancements to its automated income assessment tool that allows lenders to include a borrower’s digital paystub data.
22 May 2023
Governor Hochul Announces an Additional $146 Million Awarded through the Restore New York Communities Initiative
New York Governor Kathy Hochul has awarded funding to 70 different projects through the Restore New York Communities Initiative.
22 May 2023