Archives For: Industry Updates
Mortgage Delinquencies Decrease to New Survey Low in Third Quarter
The Mortgage Bankers Association National Delinquency Survey reported the delinquency rate decreased to 3.45% in the third quarter of 2022.
10 Nov 2022
FHFA Announces 2023 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac
FHFA announced that 2023 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $75 billion for each enterprise to support the multifamily market.
10 Nov 2022
October 2022 U.S. Foreclosure Activity Increases 57% from October 2021
ATTOM released its October 2022 U.S. Foreclosure Market Report, which shows foreclosure filings were up 57% from one year ago, and 2% from the prior month.
9 Nov 2022
Law Students Help Fight Against Blight in Memphis Neighborhoods
The University of Memphis School of Law has filed 25 new lawsuits aimed at holding owners of vacant and neglected properties accountable their condition.
9 Nov 2022
Industry Veteran Ravi Shankar Appointed Head of Freddie Mac’s Single-Family Portfolio & Servicing Division
Freddie Mac announced that industry veteran Ravi Shankar has joined the company as senior vice president and head of Single-Family Portfolio and Servicing.
7 Nov 2022
Loan Performance Insights – October 2022
The CoreLogic Loan Performance Insights Report measures early-stage delinquency rates to analyze the health of the mortgage market through August 2022.
27 Oct 2022
OCC Announces Office of Financial Technology
OCC announced it will establish an Office of Financial Technology to bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape.
27 Oct 2022
Zombie Property Count Ticks Upward Again Across U.S. in Fourth Quarter but Remains Tiny Portion of Housing Market
ATTOM released its 4th quarter 2022 Vacant Property and Zombie Foreclosure Report showing that 1.3 mill residential properties in the U.S. are vacant.
27 Oct 2022
FHFA Announces Validation of FICO 10T and VantageScore 4.0 for Use by Fannie Mae and Freddie Mac
FHFA announced the validation and approval of both the FICO 10T and VantageScore 4.0 credit score models for use by Fannie Mae and Freddie Mac.
24 Oct 2022
Newark Targets Derelict Property Owners with New Ordinance
A new law in Newark aims to tackle the problem of derelict properties by penalizing unreachable corporations and absentee lot owners.
21 Oct 2022