Archives For: Industry Updates
Bill to Address Dilapidated Housing Introduced in W. VA. Senate
West Virginia bill hopes to help local communities address the issue of dilapidated or abandoned properties in the state.
9 Feb 2022
National Delinquency Rate Drops to Pre-Pandemic Levels for the First Time
The national delinquency rate dropped below March 2020 levels for the first time since the pandemic started in November 2021.
8 Feb 2022
Freddie Mac Sets LIHTC Equity Record with $675 Million in Affordable Housing Investments
Freddie Mac has closed a record $675 million in LIHTC equity investments in 2021, funding over 4800 affordable units in diverse US Markets.
8 Feb 2022
NJ Bill would Turn Foreclosed Homes into Affordable Housing
To ensure that housing nonprofits purchasing foreclosed homes commit to transforming them into affordable housing, NJ lawmakers amended a foreclosure bill.
4 Feb 2022
HUD Awards $1.4 Million to Support Housing Counseling Programs in New Jersey
HUD has awarded $1.4 million in housing counseling grants to help agencies in NJ in their critical work to stem the tide of the pandemic’s impact on housing.
26 Jan 2022
VA Extends Suspension of Certain Property Inspection Requirements for Covid-19 Forbearance Cases
VA has extended the temporary suspension of certain property inspections for borrowers who have requested a CARES Act forbearance through Oct. 1, 2022.
25 Jan 2022
Freddie Mac: Mortgage Serious Delinquency Rate Decreased in December
Freddie Mac has reported that the Single-Family serious delinquency rate has decreased from 1.24% in November to 1.12% in December 2021.
25 Jan 2022
Ginnie Mae Removes a Step for Servicers on some FHA Loan Modifications
New documentation requirements will allow companies to skip certain requirements when modifying mortgages insured by Ginnie Mae.
24 Jan 2022
New State Initiative Offers Info, Resources on Zombie Homes
Columbia Law students have set up a new website with information to help small governments and communities gain information on zombie homes.
19 Jan 2022
MBA Survey: “Share of Mortgage Loans in Forbearance Decreases to 1.41% in December 2021
The Mortgage Bankers Association’s (MBA) new monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 26 basis points from 1.67% of servicers’ portfolio volume in the prior month to 1.41% as of December 31, 2021. According to MBA’s estimate, 705,000 homeowners are in forbearance plans.
18 Jan 2022