Archives For: Industry Updates
HUD Announces Over 100,000 Families & Individuals Housed Through “House America” Homelessness Initiative
HUD Secretary Marcia L. Fudge announced that states, municipalities, and tribes who joined House America have housed more than 100,000 households experiencing homelessness and added over 40,000 affordable housing units into development.
26 Jan 2023
Share of Mortgage Loans in Forbearance Remains Flat at .7% in December
Mortgage Bankers Association Monthly Loan Monitoring Survey revealed the total number of loans in forbearance remained flat relative to the previous month as of December 31, 2022.
23 Jan 2023
FHFA Announces Updates to the Enterprises’ Single-Family Pricing Framework
FHFA has announced further changes to Fannie Mae’s and Freddie Mac’s single-family pricing framework by introducing redesigned and recalibrated upfront fee matrices for purchases, rate-term refinance, and cash-out refinance loans.
19 Jan 2023
Freddie Mac Multifamily’s Targeted Affordable Housing Loans Increased by Nearly 60% in 2022
In a year marked by record rent inflation and a rental housing supply crisis, Freddie Mac Multifamily prioritized its affordable housing mission, exceeding goals by totaling over $73 billion in production volume.
18 Jan 2023
Fannie Mae Selects Five Proposals to Help Advance Racial Equity in Housing through a $5 Million Innovation Challenge
Fannie Mae announced the selection of five organizations to receive deliverable-based contracts under the Sustainable Communities Innovation Challenge, a nationwide competition to advance racial equity in housing.
18 Jan 2023
Serious Delinquency Rates for All Mortgage Loan Types Continue to Fall
The nation’s overall mortgage delinquency rates have improved significantly over the last year, according to the latest CoreLogic Loan Performance Insights Report.
18 Jan 2023
Gloversville Getting Tough on Blighted Properties
The city of Gloversville, NY will now require owners of vacant buildings destroyed by fire damage to either reimburse the city for the cost of demolition or allow the city to take ownership of the property.
15 Jan 2023
PHFA Celebrates 50 Years of Creating Affordable Housing in Pennsylvania
In 2023, the Pennsylvania Housing Finance Agency is celebrating its fiftieth year of helping Pennsylvanians find and keep affordable, stable housing.
13 Jan 2023
Top 10 Zips with Highest Foreclosure Rates in 2022
According to ATTOM’s just released Year-End 2022 U.S. Foreclosure Market Report, foreclosure filings were reported on 324,237 U.S. properties in 2022, up 115% since 2021.
13 Jan 2023
U.S. Foreclosure Activity Doubles Annually but Still Below Pre-Pandemic Levels
ATTOM released its Year-End 2022 U.S. Foreclosure Market Report, showing foreclosures were up 115% from 2021 but down 34% from 2019, before the pandemic shook up the market.
12 Jan 2023