Archives For: Industry Updates
New York Amends Contact Requirements for Certain Delinquent Borrowers
On February 24, Governor Kathy Hochul signed into law Assembly Bill 8771 (2022 N.Y. Laws 48), amending single point of contact requirements for certain delinquent borrowers.
10 Mar 2022
Mortgage Delinquencies Fall to Lowest Level in 23 Years
CoreLogic’s monthly Loan Performance Insights Report for December 2021 shows two factors have led to a decline in mortgage delinquencies.
8 Mar 2022
Sharifa A. Anderson Appointed Fannie Mae Senior Vice President and Chief Diversity and Inclusion Officer
Fannie Mae has announced it has appointed Sharifa A. Anderson as senior vice president and chief diversity and inclusion (D&I) officer, effective February 28, 2022.
1 Mar 2022
Rock Island Joins Regional Land Bank
Rock Island is partnering with other communities to address blight and abandoned properties in the Illinois Quad Cities.
1 Mar 2022
FHFA Announces More than $1.1 Billion for Affordable Housing Programs
FHFA Acting Director Sandra L. Thompson announced that the Housing Trust Fund and Capital Magnet Fund will receive a total of $1.138 billion for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises).
28 Feb 2022
Nobody’s Home: Bill Would Require Contact Info for Empty Buildings
It could be easier to contact the owners of abandoned and dilapidated properties if a bill sponsored by two Dayton-area lawmakers passes.
28 Feb 2022
FHFA Proposes to Update Minimum Financial Eligibility Requirements for GSEs
FHFA has re-proposes, and is seeking additional comments on, its minimum financial eligibility requirements for FNMA and FMHLC sellers/servicers.
25 Feb 2022
Forbearance Requests and Re-entries Increase as Exits Hits Record Low
Mortgage Bankers Association reports that more homeowners have requested to extend or re-enter forbearance in January, with exits at record low.
23 Feb 2022
Fannie Mae Recognizes 29 Mortgage Servicers for Industry Excellence
Fannie Mae announced the 2021 Servicer Total Achievement and Rewards™ (STAR™) Program results, which recognized 29 mortgage servicers for competency, capacity, and overall performance.
17 Feb 2022
Cook County Land Bank Authority Program Celebrates 1000th Renovated Home
Cook County officials celebrated a milestone Wednesday morning on the West Side with the 1,000th renovated home as part of a county-run program.
16 Feb 2022