Archives For: Industry Updates
Fannie Mae Announces SVC-2023-01 Servicing Guide Update
Fannie Mae has released the March Servicing Guide update, with changes to pre-foreclosure property preservation requirements.
8 Mar 2023
CFPB Uncovers Illegal Junk Fees on Bank Accounts, Mortgages, and Student and Auto Loans
The Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights that reports on unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets, including in mortgage, student, and payday lending.
8 Mar 2023
Senators Introduce ‘Neighborhood Homes Investment Act’ to Expand Affordable Homeownership Opportunities and Revitalize Communities
The Neighborhood Homes Investment Act, introduced by senators from Maryland and Indiana, would create a new tax incentive that would produce starter homes in under-resourced communities over the next decade.
7 Mar 2023
Land Bank Sales Point a Way Toward Neighborhood Revitalization
The Niagara Orleans Regional Land Improvement Corp. sold two properties to a developer who will renovate and sell them as single-family homes, driving revitalization within two city neighborhoods.
7 Mar 2023
Abandoned House Called ‘Big Eyesore’ Demolished Under Dekalb Co. Blight Program
The blight program in Dekalb County, Georgia is working to revitalize neighborhoods by abating or demolishing abandoned, blighted properties throughout the county.
7 Mar 2023
Mortgage Servicers and Government Agencies to Converge in D.C.
Safeguard Properties is set to sponsor the Five Star Government Forum at The National Press Club on April 11, 2023 in Washington, DC.
6 Mar 2023
Freddie Mac Serious Delinquency Rate Unchanged in January; Fannie Mae Decreased Slightly
Freddie Mac and Fannie Mae report mortgage serious delinquency rate for January 2023.
27 Feb 2023
Black Knight: Mortgage Delinquencies Decrease in January
According to Black Knight’s First Look report, the percent of loans delinquent decreased 2.3% in January 2023 compared to December 2022.
24 Feb 2023
Zombie Foreclosures Inch Up Again Across the Nation
ATTOM has released its first-quarter 2023 Vacant Property and Zombie Foreclosure Report, showing that approximately 1.3 million residential properties in the United States sit vacant.
23 Feb 2023
FHA Announces Lower Mortgage Insurance Premiums
HUD released details of a long-anticipated plan to reduce the annual MIP that are currently charged to FHA borrowers by 30 Basis Points.
22 Feb 2023