Archives For: Industry Updates
Fed Begins Inflation Hike with Key Rate Hike, More to Come
The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate hikes this year.
16 Mar 2022
Louisville Looking to Revive Abandoned Homes, Neighborhoods through New State Law
A new state law in Kentucky gives Louisville community leaders a new tool to address abandoned properties in need of repair and renovation.
14 Mar 2022
HUD will get $65.7 Billion Spending Budget in 2022 Omnibus Bill
HUD will receive $65.7 billion in funding as part of the 2022 Omnibus Bill which is expected to be signed into law by President Biden.
11 Mar 2022
Mortgage Rates Resume their Ascent
After two weeks of declines, mortgage rates resumed their upward march this week.
10 Mar 2022
U.S. Foreclosure Activity in February 2022 Continues to Increase Steadily
ATTOM has released its February 2022 U.S. Foreclosure Market Report, showing foreclosure filings up 11% from a month ago.
10 Mar 2022
New York Amends Contact Requirements for Certain Delinquent Borrowers
On February 24, Governor Kathy Hochul signed into law Assembly Bill 8771 (2022 N.Y. Laws 48), amending single point of contact requirements for certain delinquent borrowers.
10 Mar 2022
Mortgage Delinquencies Fall to Lowest Level in 23 Years
CoreLogic’s monthly Loan Performance Insights Report for December 2021 shows two factors have led to a decline in mortgage delinquencies.
8 Mar 2022
Sharifa A. Anderson Appointed Fannie Mae Senior Vice President and Chief Diversity and Inclusion Officer
Fannie Mae has announced it has appointed Sharifa A. Anderson as senior vice president and chief diversity and inclusion (D&I) officer, effective February 28, 2022.
1 Mar 2022
Rock Island Joins Regional Land Bank
Rock Island is partnering with other communities to address blight and abandoned properties in the Illinois Quad Cities.
1 Mar 2022
FHFA Announces More than $1.1 Billion for Affordable Housing Programs
FHFA Acting Director Sandra L. Thompson announced that the Housing Trust Fund and Capital Magnet Fund will receive a total of $1.138 billion for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises).
28 Feb 2022