Archives For: Industry Updates
Mortgage Application Volume Hits 25-Year Low
Mortgage application activity again fell during the week ending October 14 as mortgage rates hit their highest level in 20 years.
19 Oct 2022
Share of Mortgage Loans in Forbearance Decreases to .69% in September
The Mortgage Bankers Association monthly Loan Monitoring Survey reported that loans in forbearance fell 3 basis points in September from the previous month.
17 Oct 2022
Lawmaker Says it’s Time for a Land Bank in St. Louis County
A St. Louis lawmaker plans to introduce legislation that will allow the county to create a land bank to better absorb and repurpose abandoned properties in neighborhoods.
17 Oct 2022
Freddie Mac Announces Underwriting Innovation to Help Lenders Qualify More Borrowers for a Mortgage
Freddie Mac will increase homeownership opportunities by identifying a history of positive monthly cash flow to a borrowers bank account with new tech added to its automated underwriting system LPASM.
17 Oct 2022
FHFA Outlines Seven Challenges for 2023
FHFA, Office of the Inspector General has published a memo identifying major challenges Fannie Mae and Freddie Mac expects to face in 2023.
14 Oct 2022
Mortgage Rates Hit 20-Year High
The 30-year fixed-rate mortgage averaged 6.92% last week as rates climbed to the highest they have been since April 2002.
13 Oct 2022
U.S. Foreclosure Activity Continues to Increase Quarterly Nearing Pre-Pandemic Levels
ATTOM released it’s Q3 2022 US Foreclosure Market Report showing foreclosures up 3% from the previous quarter and 104% from a year ago.
13 Oct 2022
Proposed Bill Aimed to Fight Blight Paused after Concerns about Execution
Baltimore city leaders are working on a bill that would fine vacant property owners for every emergency at their property after the first in a year’s span.
11 Oct 2022
Reading Council Hears Plan for Land Bank to Fight Blight
Reading, PA city council is considering a proposal from the city’s community development director to create a land bank to address blight.
10 Oct 2022
Clarifire, IndiSoft Loop HUD Loss Reduction Consultants
Clarifire and IndiSoft announced a collaboration on technology that facilitates third-party advice in the loss mitigation process
4 Oct 2022