Archives For: Industry Updates
Share of Mortgage Loans in Forbearance Decreases to 0.64% in January
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 6 basis points as of January 31, 2023.
21 Feb 2023
Fannie REO Inventory Increased in Q4; Expected to Increase Further in 2023
Fannie Mae reported that REO inventory increased 23% over Q4 2021 at the end of Q4 2022.
20 Feb 2023
Delinquency Rate for Mortgage Loans on the Rise – MBA
Mortgage Bankers Associated reported that delinquency rates for loans on residential properties increased at the end of 2022 amid economic headwinds and inflationary pressures.
17 Feb 2023
Freddie Mac Announces 2022 SHARP Award Winners
Freddie Mac announced the winners of the 2022 Servicer Honors and Rewards Program (SHARP), which annually recognizes mortgage loan Servicers for quality servicing, risk management and sustainable homeownership.
16 Feb 2023
Fannie Mae Honors 22 High-Performing Mortgage Servicers
Fannie Mae announced the winners of the 2022 Servicer Total Achievement and Rewards (STAR), which annually recognizes mortgage servicers for competency, capacity, and overall performance.
16 Feb 2023
FHFA Requests Input on Enterprise Single-Family Social Bond Program
FHFA has issued a Request for Input on Fannie Mae and Freddie Mac’s social bond policy.
16 Feb 2023
Texas City Commission Approves $100K for Razing Unsafe Eyesores
City leaders in Texas City, TX approved $100K from the Texas City Economic Development Corp. budget to fund demolition of substandard, unattractive structures.
16 Feb 2023
City Leaders Discuss Plans to Expand Affordable Housing
City leaders in Columbia, SC are planning to build on existing resources to provide new affordable housing.
15 Feb 2023
Mason City Approves Vacant Building Registration in Effort to Combat Blight
The Mason City Council has approved a new ordinance requiring the registration of vacant commercial properties.
14 Feb 2023
U.S. Foreclosure Activity in January 2023 Continues to Increase Annually for 21 Consecutive Months
ATTOM has released the January 2023 U.S. Foreclosure Market Report, which shows foreclosure filings up 36% from a year ago, and 2% from a month ago.
9 Feb 2023