Archives For: Industry Updates
Mixed Economic News Shows Rise in Mortgage Delinquencies, but Big Drop in Foreclosures
Black Knight reported the national mortgage delinquency rate rose by 13% in April, while foreclosure starts saw a decrease of 23%.
24 May 2023
Freddie Mac Expands Digital Capabilities to Help Lenders Reach More Qualified Borrowers
Freddie Mac announced enhancements to its automated income assessment tool that allows lenders to include a borrower’s digital paystub data.
22 May 2023
Governor Hochul Announces an Additional $146 Million Awarded through the Restore New York Communities Initiative
New York Governor Kathy Hochul has awarded funding to 70 different projects through the Restore New York Communities Initiative.
22 May 2023
Kokomo Sending Delegation to Blight Training Program
The city of Kokomo, IN will send a delegation to the 2023 Vacant Property Leadership Institute in Austin, TX this November.
21 May 2023
Naturally Lewis Awards $690,965 to Vacant Property Revitalization Projects
Lewis County, NY has created the Vacant Property Revitalization Program to turn vacant, blighted and unsafe properties into usable space for business development opportunities.
19 May 2023
FHFA Looks to Update Fannie Mae and Freddie Mac’s Single-Family Pricing
FHFA is requesting public feedback regarding Fannie Mae and Freddie Mac’s single-family pricing framework.
17 May 2023
City of Marietta Begins Demolition on Blighted and Burned Out Houses
The city of Marietta is using funding from two sources to demolish blighted and burned out houses in residential neighborhoods.
16 May 2023
City Council Moves Forward with Land Bank Plans
Topeka City Council has voted to move forward with the creation of the Land Bank Pilot Program.
16 May 2023
Share of Mortgage Loans in Forbearance Decreases to .51% in April
The MBA monthly Loan Monitoring Survey revealed that the total number of loans in forbearance has decreased from .55% in March to .51% in April.
15 May 2023
Mortgage Delinquency Rate in First-Quarter 2023 Declines to Second-Lowest Level in MBA’s Survey
MBA reported that the delinquency rate for mortgage loans on one-to-four-unit residential properties reached the second lowest quarterly rate since MBA’s survey began in 1979.
11 May 2023