Archives For: Industry Updates
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
New Brunswick Addresses Vacant and Abandoned Properties
Redevelopment of vacant and abandoned homes has become a key part of neighborhood revitalization in New Brunswick, NJ.
22 Apr 2023
Detroit Demo Week: Demolition Department Making Progress in Eliminating Blight
The Detroit Demolition Department has been working to eliminate blight in the city ahead of Detroit Demo Week.
21 Apr 2023
U.S. Foreclosure Activity Continues to Climb in Q1 2023
ATTOM has released its Q1 2023 U.S. Foreclosure Market Report, showing foreclosure filings up 6% from the previous quarter and up 22% from a year ago.
19 Apr 2023
FHFA Issues Notice of Proposed Rulemaking on Fair Lending Oversight
FHFA has announced that it is seeking comment on a proposed rule that would formalize many of the Agency’s existing practices regarding fair housing and fair lending oversight.
19 Apr 2023
City of Houston Announces Demolition Initiative
The city of Houston has started a new initiative that aims to demolish buildings that pose a threat to public safety.
19 Apr 2023
Homes MKE: Milwaukee Initiative to Renovate City-owned Properties
The city of Milwaukee has formally kicked off the MKE Initiative, aimed at renovating 150 vacant, distressed homes owned by the city into affordable housing.
19 Apr 2023
Share of Mortgage Loans in Forbearance Decreases to .55% in March
The MBA monthly Loan Monitoring Survey revealed that the total number of loans in forbearance has decreased to .55%, down from .6% the previous month.
17 Apr 2023
FHA Seeks Feedback on Proposed Changes to Increase Access to Affordable Financing for Properties with Accessory Dwelling Units
FHA is working to update its requirements for insuring mortgages on single family homes with Accessory Dwelling Units to allow for more borrowers to qualify for financing.
13 Apr 2023
Cass County Blight Elimination Program to Demolish Eight Structures in First Round of Funding
The Cass County Land Bank Authority will use funds awarded by the passing of House Bill 5783 to fund the Blight Elimination Program, beginning with the restoration of 8 blighted properties.
13 Apr 2023