Archives For: Industry Updates
As Birmingham Turns Blight into Affordable Housing, Residents Return
As Birmingham turns blighted areas within the city into new residential housing, residents return to the neighborhood.
15 Jun 2022
U.S. Foreclosure Activity Increases Slightly in May 2022
ATTOM released its May 2022 US Foreclosure Market Report showing foreclosure filings up 1% from a month ago, and 185% from a year ago.
14 Jun 2022
FHFA Releases GSE’s Equitable Housing Finance Plans for 2022-2024
The Federal Housing Finance Agency has released Fannie Mae’s and Freddie Mac’s Equitable Housing Finance Plans for 2022-2024.
8 Jun 2022
Mortgage Demand Falls to the Lowest Level in 22 Years
According to the Mortgage Bankers Association, demand for mortgages have fallen to the lowest level in 22 years.
8 Jun 2022
Vacant Zombie Properties Rising in Second Quarter Amid Jump in Foreclosure Activity
ATTOM, a leading curator of real estate data nationwide for land and property data, today released its second-quarter 2022 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,304,007) residential properties in the United States sit vacant. That represents 1.3 percent, or one in 76 homes, across the nation.
2 Jun 2022
States of Emergency: These are the Most Disaster Prone States in the US
Based on FEMA Major Disaster Declarations since 1953, Yahoo! Finance has ranked the most disaster prone US states.
2 Jun 2022
HUD and FHA Plan Events to Amplify Message During National Homeownership Month
HUD and FHA plan to hold a series of events throughout National Homeownership Month to align with the Biden-Harris initiative to increase homeownership.
2 Jun 2022
Black Knight: Mortgage Delinquency Rate Fell to 2.8 Percent in April
The national mortgage delinquency rate fell to a new record low in April – just 2.8% of all loans – according to Black Knight’s most recent First Look report.
31 May 2022
Biden to Send Extra Community Development Grants to Underserved Neighborhoods
As part of his equity agenda, President Biden wants to give the nation’s 100 most underserved areas nearly $2 million apiece in extra Community Development Block Grant funding, which can be used for purposes ranging from increasing affordable housing to renovating local parks.
31 May 2022
Freddie Mac Announces Automation of Key Underwriting Criteria
Freddie Mac has unveiled new automated underwriting capabilities that allow lenders to verify assets, income and employment using borrower-approved bank account data.
26 May 2022