Archives For: Industry Updates
Franklin County Officials Eye Land Bank to Address Vacant Housing
The Franklin County Economic Development Corp. and county legislators are discussing establishing a county land bank to address blighted properties and vacant houses.
26 Apr 2022
Black Knight: Mortgage Delinquencies Hit Record Low in March, Driven by Both Seasonal and Economic Improvements
Black Knight reports that mortgage delinquencies dropped by more than half a percentage point in March, shattering previous record lows.
25 Apr 2022
MBA: ‘Remarkable’ Forbearance Recovery
The number of homeowners in forbearance has dropped by nearly 4 million over the last two years according to the MBA.
19 Apr 2022
Gateless Integrates with Fannie and Freddie Tech; Partners with Google
Mortgage tech company Gateless has announced that it has integrated with Fannie Mae and Freddie Mac to improve efficiency in the loan process.
19 Apr 2022
‘Zombie Properties’ – Abandoned Homes – can be Reported with a New Tool in Monroe County and Rochester
A new website has been launched in Monroe County and Rochester, New York for reporting vacant and abandoned properties.
18 Apr 2022
FHA Adds 40-Year Mortgage Modification with Partial Claim to Home Retention Options for Struggling Borrowers
FHA has announced a 40-year mortgage modification available to servicers to help borrowers struggling with the effects of the pandemic.
18 Apr 2022
Plan to Eliminate Vacant Properties in St. Louis Moves to Senate
A bill to eliminate vacant properties throughout St. Louis was passed by the Missouri House of Representatives last week.
15 Apr 2022
Current Mortgage Rates Hit 5% for the First Time in a Decade
The average interest rate on a 30-year fixed-rate mortgage has climbed to 5% for the first time in more than 10 years, according to Freddie Mac.
14 Apr 2022
Legislature Advances Bill to Create Maine Redevelopment Land Bank Authority
A bill that would create a statewide land bank for bringing properties into more productive uses has advanced through the state Legislature and has received overwhelming bipartisan support.
13 Apr 2022
Puerto Rico Plunged into Darkness after Power Station Fire
A major power outage hit Puerto Rico late Wednesday, plunging nearly 350,000 customers into darkness after a fire erupted at one of the largest power plants in the U.S. territory.
7 Apr 2022