Archives For: Industry Updates
Fannie REO Inventory Essentially Unchanged in Q1
Fannie Mae reports that Real Estate Owned (REO) inventory is essentially unchanged in Q1 of 2023.
8 May 2023
Federal Reserve Issues FOMC Statement
The Federal Reserve continued to battle inflation by raising its benchmark interest rate to the highest level in 15 years.
3 May 2023
HUD Allocated $382 Million to Help States Produce Affordable Housing
HUD has allocated $382 million through the nation’s Housing Trust Fund, an affordable housing program.
3 May 2023
Funding Helps Trotwood Blighted Property Demolition Plan
The city of Trotwood continues its work to demolish blighted properties with the help of the Montgomery County Landbank.
2 May 2023
City Council Members: Demo 200 Program has a Place in Aiken
Aiken City Council hopes to re-establish the Demo 200 program, which allows residential property owners to pay the city $200 to have a dilapidated, uninhabitable structure demolished on their property.
2 May 2023
Ginnie Mae Shares Further Details on the LIBOR Transition of LIBOR Classes of Ginnie Mae Multiclass Securities
Ginnie Mae will transition all outstanding LIBOR Classes of Ginnie Mae Multiclass Securities after June 30, 2023.
1 May 2023
Newburgh Land Bank Receives $1.8 Million Grant from State
The Newburgh Community Land Bank has been awarded $1.8 million for several projects in its North of Broadway neighborhood.
29 Apr 2023
City Leaders Launch New Legislation to Combat Vacant Home Crisis
The City of Rochester, NY announced three new pieces of legislation targeting issues with vacant properties throughout the city.
28 Apr 2023
Delaware County Land Bank Policies Up for Review
The Delaware County Redevelopment Authority (DCRDA) announced it is soliciting feedback on the proposed policies and procedures for the Delaware County Lank Bank after becoming the appointed authority in 2022.
25 Apr 2023
Black Knight: US Mortgage Delinquency Rate Dropped Below 3% in March
The national mortgage delinquency rate dropped to 2.92% in March 2023 according to Black Knight’s First Look report.
24 Apr 2023