Archives For: Industry Updates
St. Petersburg is Transforming Vacant Lots into Affordable Housing
By dealing aggressively with the owners of dilapidated homes and vacant lots, St. Petersburg has improved its housing stock — and is transforming some vacant lots into affordable housing in the process.
7 Apr 2022
City, Partners Present Updated Framework for Tackling Flint’s Blight
The city of Flint, the Genesee County Land Bank Authority, and the Flint Police Foundation shared a new $154 million, five-year framework to address the city’s blight.
6 Apr 2022
Fannie Mae Introduces Expanded Housing Choice Initiative to Increase Access to Affordable Housing
Fannie Mae announced its Expanded Housing Choice initiative, providing a new pricing incentive for Texas and North Carolina multifamily property owners who accept U.S. Department of Housing and Urban Development Housing Choice Vouchers.
4 Apr 2022
Thompson says FHFA is Preparing GSEs for End of Conservatorship
The Federal Housing Finance Agency is preparing the government-sponsored enterprises for life after conservatorship, acting director Sandra Thompson said Thursday.
1 Apr 2022
McKee Announces $5 Million to Address Rhode Island Blight
Governor Dan McKee announced more than $5 million will be allocated to revitalize blighted and vacant properties in Central Falls and Providence areas of Rhode Island.
1 Apr 2022
FHA Issues Guidance on Property Preservation Expenses
The Department of Housing and Urban Development issued a mortgagee letter aimed at clarifying contingencies around property protection and preservation reimbursement for loans that have a first legal foreclosure action filed on or after March 31.
30 Mar 2022
Mortgage Rates Approach 5% as Fed Tightens and Inflation Rattles Bond Markets
U.S. mortgage rates approached 5% on Friday, the highest daily average in more than four years, as war-worsened inflation fears spooked financial markets and the Federal Reserve ended a two-year emergency program that boosted demand for bonds containing home loans.
29 Mar 2022
Freddie Mac: Mortgage Serious Delinquency Rates Decreased in February
Freddie Mac reported that the Single-Family serious delinquency rate in February was 0.99%, down from 1.06% in January.
25 Mar 2022
Top 10 U.S. Housing Markets with Greatest Number of Foreclosure Starts in February 2022
ATTOM’s February 2022 U.S. Foreclosure Market Report revealed that lenders started the foreclosure process on 16,545 U.S. properties in February 2022.
25 Mar 2022
Louisiana Sends National Guard to Tornado Disaster Area
A tornado that menaced the New Orleans area flipped a school bus, ripped off rooftops and deposited a house with a family inside it onto the middle of their street.
23 Mar 2022