Archives For: Featured Resources
FEMA Declared Disaster Virginia Flooding, Landslides, and Mudslides
FEMA issued a Major Disaster Declaration for areas of Virginia affected by flooding, landslides, and mudslides that occurred August 30-31, 2021.
26 Oct 2021
Freddie Mac: Mortgage Serious Delinquency Rate Decreased in September
Freddie Mac reported that the Single-Family serious delinquency rate in September was 1.46%, down from 1.62% in August. Freddie’s rate is down year-over-year from 3.04% in September 2020.
25 Oct 2021
FEMA Declared Disaster Delaware Remnants of Hurricane Ida
FEMA issued a Major Disaster Declaration for areas of Delaware affected by remnants of Hurricane Ida from Sept. 1 – 7, 2021.
24 Oct 2021
FEMA Declared Disaster Mississippi Hurricane Ida
FEMA issued a Major Disaster Declaration for areas of Mississippi to supplement state, tribal and local recovery efforts affected by Hurricane Ida from Aug. 28-Sept. 1, 2021.
22 Oct 2021
Delinquencies Continue to Decline but Forbearances Still a Concern
The national delinquency rate has fallen below 4.0 percent for the first time since COVID-19 started messing up the world.
22 Oct 2021
Illinois, New Jersey and Delaware have Most Markets at Elevated Risk from Pandemic Fallout
ATTOM report shows that New Jersey, Illinois and Delaware had the highest concentrations of the most at-risk markets in the third quarter – with the biggest clusters in the New York City and Chicago areas – while the West remained far less exposed.
21 Oct 2021
HUD Issues ANPR on New Non-LIBOR Index Rate for ARMs
HUD issued an advanced notice of proposed rulemaking regarding adoption of a new index rate for FHA-insured adjustable rate mortgages (ARMs), as the previously-used London Interbank Offered Rate (LIBOR) is set to be discontinued.
21 Oct 2021
Foreclosures See Hard Spike as Federal Protections End
As expected, the end of federal protections in September has coincided with a significant uptick in foreclosures, as default notices, scheduled auctions or bank repossessions spiked 34% in Q3 of this year according to a new report from ATTOM Data Solutions®, potentially foreshadowing a difficult winter for homeowners still struggling through the pandemic.
20 Oct 2021
MBA Raises Volume Forecast even with Uncertainty Over Fiscal Policy
The Mortgage Bankers Association raised its genesis forecast for 2021, but the outlook of its economists remains more conservative than that of Fannie Mae and Freddie Mac.
19 Oct 2021
FHFA Announces Changes to Low Income Refi Programs and Appraisal Requirements
Both Fannie Mae and Freddie Mac (the GSEs) will be expanding their low-income refinance programs to include those making at or below 100 percent of an area’s median income (AMI).
19 Oct 2021