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Zombie Foreclosures Dip in Fourth Quarter
Around 1.3 million, or 1.3 percent of residential properties across the country, sit vacant, according to ATTOM’s fourth-quarter 2021 Vacant Property and Zombie Foreclosure Report.
5 Nov 2021
Fed Tapering Starts Now, Markets Unfazed
The Federal Reserve this month will begin tapering the support it’s provided to mortgage rates during the pandemic, reducing its $120 billion in monthly purchases of mortgages and government debt over eight months.
3 Nov 2021
New Freddie Mac Initiative Helps Renters Build Credit
Freddie Mac today announced a new initiative to help renters build credit by encouraging operators of multifamily properties to report on-time rental payments to the three major credit-reporting bureaus.
3 Nov 2021
Homeowners Leaving Forbearance Now More Likely to Need Help
More than half a million homeowners who put their loans in forbearance during the pandemic are now in active loss mitigation, a 37 percent jump from a month ago, as relief programs that allowed millions of borrowers to put their payments on hold for up to 18 months expire.
2 Nov 2021
Fannie and Freddie Loans in Forbearance Drop Below 1%
The total number of loans now in forbearance decreased by 6 basis points to 2.15% of servicers’ portfolio volume as of Oct. 24, 2021.
2 Nov 2021
FHFA Announces Three Staffing Updates
Today, the Federal Housing Finance Agency (FHFA) announced three personnel updates to its executive staff.
1 Nov 2021
HUD Allocates More than $2 Billion to Advance Equitable Disaster Recovery, Build Climate Change Resilience
The U.S. Department of Housing and Urban Development today announced the allocation of more than $2 billion ($2,040,617,000) in CDBG-Disaster Recovery and CDBG-Mitigation funds appropriated in the continuing resolution, the Extending Government Funding and Delivering Emergency Assistance Act, signed into law on September 30, 2021.
1 Nov 2021
FEMA Declared Disaster Connecticut Remnants of Hurricane Ida
FEMA issued a Major Disaster Declaration for areas of Connecticut affected by remnants of Hurricane Ida on Sept. 1-2, 2021.
30 Oct 2021
HUD Employees Receive Management Excellence Award
A group of U.S. Department of Housing and Urban Development employees on Thursday were awarded the 2021 Samuel J. Heyman Service to America Medals.
29 Oct 2021
FHFA Proposes New Disclosure Requirements for Fannie and Freddie
The Federal Housing Finance Agency is proposing public disclosure requirements for Fannie Mae and Freddie Mac that would closely align with international standards for large banks.
27 Oct 2021