Archives For: Industry Updates
HUD Awards $98 Million in Choice Neighborhoods Implementation Grants and Opens New $10 Million Funding Opportunity for Local Planning Efforts
HUD Secretary Marcia Fudge has announced “Supplemental Grant” awards for Choice Neighborhoods Implementation Grantees totaling over $98 million.
11 Apr 2023
FHFA Announces Updated Equitable Housing Finance Plans for Fannie Mae and Freddie Mac
FHFA announced updates to Fannie Mae and Freddie Mac’s Equitable Housing Finance Plans for 2023.
5 Apr 2023
Topeka Introduces Land Bank Program to Repurpose Properties for Affordable Housing
Topeka city leaders are considering a new proposal to transform many of the city’s vacant and blighted properties into affordable housing.
5 Apr 2023
How Ohio is Tackling the Crumbling Homes Left Vacant and Forgotten
Vacant, blighted homes are set to be demolished in Ashtabula County, Ohio after the state awarded the Ashtabula County Land Bank $609,000 for its Demolition and Site Revitalization Program.
28 Mar 2023
Black Knight: Early Stage Mortgage Delinquencies Increased in February
According to Black Knight’s First Look Report, 3.45% of all U.S. mortgages were delinquent in February, an increase of 1.96% compared to January 2023.
27 Mar 2023
Bakersfield is Coming for Blighted Lots, in the Name of Housing
The city of Bakersfield, CA is working on plans to help buyers of dilapidated properties rehabilitate them into affordable housing options.
26 Mar 2023
Commissioners Discuss Abandoned Homes, Eyesores
Bertie County, North Carolina is working to ‘think outside the box’ to incentivize people to purchase, repair, and live in fixable vacant properties.
25 Mar 2023
Share of Mortgage Loans in Forbearance Decreases to .60% in February
The MBA monthly Loan Monitoring Survey revealed that the forbearance rate fell across all investor types in February.
20 Mar 2023
Mortgage Giant Fannie Mae Tackles Climate Risk, but Changes to Underwriting May Take Several Years
Fannie Mae looks to incorporate climate risk into its underwriting practices to account for climate change.
20 Mar 2023
HUD Restores “Discriminatory Effects” Rule
HUD has announced plans to rescind the 2020 Fair Housing Act rule and restore the 2013 policy to eradicate discriminatory practices in the housing market.
17 Mar 2023