Archives For: Industry Updates
CFPB Encourages Mortgage Servicer Participation in HAF Programs
Last week, the CFPB published a blog post, stating that it “strongly encourages” mortgage servicers to participate in Homeowner Assistance Fund (HAF) programs.
21 Mar 2022
Baltimore City Council Introduces Legislation to Combat Vacant Properties
Baltimore City Council introduced five bills aimed at combating the city’s problem with vacant properties.
21 Mar 2022
Freddie Mac Names Wendell Chambliss as Chief Diversity & Inclusion Officer
Freddie Mac announced that Wendell Chambliss has been appointed senior vice president and chief diversity and inclusion officer.
21 Mar 2022
New York Law Provides Additional Criteria for Determining if a Property is Vacant or Abandoned
New York Senate Bill 7792 was signed into law by the Governor on March 18, 2022. The bill adds additional criteria to the current law under RPAPL 1307 for determining whether properties can be deemed vacant or abandoned.
18 Mar 2022
Detroit Land Bank Authority Expects its Remaining Structures to be Listed for Sale by 2023
The Detroit Land Bank Authority, an entity responsible for selling vacant homes and lots in the city, expects to sell most of its structures by the end of 2023.
17 Mar 2022
Fed Begins Inflation Hike with Key Rate Hike, More to Come
The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate hikes this year.
16 Mar 2022
Louisville Looking to Revive Abandoned Homes, Neighborhoods through New State Law
A new state law in Kentucky gives Louisville community leaders a new tool to address abandoned properties in need of repair and renovation.
14 Mar 2022
HUD will get $65.7 Billion Spending Budget in 2022 Omnibus Bill
HUD will receive $65.7 billion in funding as part of the 2022 Omnibus Bill which is expected to be signed into law by President Biden.
11 Mar 2022
Mortgage Rates Resume their Ascent
After two weeks of declines, mortgage rates resumed their upward march this week.
10 Mar 2022
U.S. Foreclosure Activity in February 2022 Continues to Increase Steadily
ATTOM has released its February 2022 U.S. Foreclosure Market Report, showing foreclosure filings up 11% from a month ago.
10 Mar 2022