Archives For: Industry Updates
Wake County Board Approves $35 Million for Affordable Housing
The Wake County, NC board unanimously voted to appropriate $35 million from the county’s existing American Rescue Act Plan to address housing instability.
21 Nov 2022
Mortgage Rates Retreat Below 7%
Mortgage rates dipped significantly this week, retreating below 7% for the 30-year fixed term, including FHA, VA and jumbo loans.
21 Nov 2022
Intend Indiana Unveil New Homes as Part of HomePower Initiative
Intend Indiana is trying to bring new life to Martindale-Brightwood neighborhoods through its affordable housing HomePower initiative.
17 Nov 2022
Fannie Mae Launches New Single-Family Social Disclosures
Fannie Mae launched new social disclosures, the Social Criteria Share and the Social Density Score, for its Single-Family mortgage-backed securities.
16 Nov 2022
FHA Annual Report Showcases Continued Leadership in Affordable Home Financing
FHA released its Annual Report to Congress, highlighting its significant role in supporting affordable mortgage financing.
15 Nov 2022
$1 Million in Federal Relief to Fund Clark County Affordable Housing
An affordable housing project geared toward first-time homebuyers in Clark County is getting a kickstart from the American Rescue Plan Act funding.
14 Nov 2022
Mortgage Delinquencies Decrease to New Survey Low in Third Quarter
The Mortgage Bankers Association National Delinquency Survey reported the delinquency rate decreased to 3.45% in the third quarter of 2022.
10 Nov 2022
FHFA Announces 2023 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac
FHFA announced that 2023 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $75 billion for each enterprise to support the multifamily market.
10 Nov 2022
October 2022 U.S. Foreclosure Activity Increases 57% from October 2021
ATTOM released its October 2022 U.S. Foreclosure Market Report, which shows foreclosure filings were up 57% from one year ago, and 2% from the prior month.
9 Nov 2022
Law Students Help Fight Against Blight in Memphis Neighborhoods
The University of Memphis School of Law has filed 25 new lawsuits aimed at holding owners of vacant and neglected properties accountable their condition.
9 Nov 2022