Archives For: Industry Updates
Neighborhood Groups Can Soon Apply for Vacant Land Improvement Funds
The city of Detroit and the Wayne Metro Community Agency are working to create the Neighborhood Beautification Program, which will allow Detroiters to apply for funding to repurpose vacant land in neighborhoods.
19 May 2022
President Biden Announces New Action to Ease the Burden of Housing Costs
President Biden is releasing a Housing Supply Action Plan to ease the burden of housing costs over time, by boosting the supply of quality housing in every community.
16 May 2022
CFPB Report Analyzes Servicer Data on Borrowers Exiting COVID Forbearance
CFPB reports that just 0.2% of loans are exiting COVID forbearance with a status of foreclosure, short sale or deed in lieu.
16 May 2022
Flint Plans to Build Up Blight Department before Massive Demolition Program Begins
Flint plans to clean up the city by adding additional employees and equipment to tackle blight ahead of a massive demolition program.
16 May 2022
FHA Bids to Outmaneuver Investors in Favor of Underserved Buyers
FHA has announced a 30-day exclusive period to give underserved buyers and non-profits an opportunity to bid on foreclosed properties before investors.
16 May 2022
Butler County Land Bank Adds Another Township
The Butler County Land Bank has added Milford Township to the list of communities benefiting from the $7.8 million spent in the last decade to demolish vacant structures.
14 May 2022
Julia Gordon Confirmed as FHA Commissioner
The U.S. Senate has confirmed Julia Gordon as commissioner of the Federal Housing Administration and assistant secretary of housing at the U.S. Department of Housing and Urban Development.
12 May 2022
U.S. Foreclosure Activity in April 2022 Declines Slightly
ATTOM’s April US Foreclosure Market Report showed that foreclosure filings were down 8% from the previous month, but up 160% from a year ago.
10 May 2022
Fannie Mae Earns ENERGY STAR Recognition for 2022 Environmental Sustainability Achievements
Fannie Mae announced it earned the 2022 ENERGY STAR® Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency and U.S. Department of Energy
6 May 2022
MBA: Mortgage Delinquencies Decrease in First Quarter
MBA reports that the delinquency rate decreased 54 basis points from the 4th quarter of 2021 and was down 227 basis points from one year ago.
5 May 2022