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Fannie “Real Estate Owned” Inventory Decreased Q4 2023

Fannie Mae reports the number of REOs decreased to 8.403 at the end of 2023, down 4% from the end of Q4 2022.

15 Feb 2024

Freddie Mac Announces 2023 SHARP Award Winners

Freddie Mac announces the nine winners of the 2023 SHARP program, which recognizes mortgage loan servicers for superior portfolio performance.

15 Feb 2024

Hearing Set on Vacant Property Maintenance

The Garden City Board of Trustees will discuss a proposed law aimed at requiring owners to maintain vacant and abandoned properties during a hearing on March 7th.

15 Feb 2024

City Council Approves Vacant-Building Ordinance: Owners of Empty Buildings Must Provide Plans or Face Fines

The Bakersfield City Council has approved a vacant nuisance registry ordinance that requires owners of unused, empty buildings to register with the city.

15 Feb 2024

FEMA Major Disaster Declaration – Washington Wildfires

FEMA has issued a Major Disaster Declaration for the state of Washington in areas affected by wildfires from August 18-25, 2023.

15 Feb 2024

FEMA Major Disaster Declaration – North Dakota Severe Winter Storm and Straight-line Winds

FEMA has issued a Major Disaster Declaration for the state of North Dakota in areas affected by a severe winter storm and straight-line winds from Dec. 25-27, 2023.

15 Feb 2024

U.S. Foreclosure Activity Sees Notable Increase in January 2024

ATTOM has released its January 2024 U.S. Foreclosure Market Report, showing foreclosure filings up 5% from a year ago.

13 Feb 2024

Fannie Mae Recognizes 32 High-Performing Mortgage Servicers

Fannie Mae announced its 2023 STAR Program results, recognizing 32 mortgage servicers for competency, capacity and overall performance.

12 Feb 2024

FEMA Major Disaster Declaration – Michigan Severe Storms, Tornadoes, and Flooding

FEMA has issued a Major Disaster Declaration for the state of Michigan in areas affected by severe storms, tornadoes and flooding from Aug. 24-26, 2023.

8 Feb 2024

Mortgage Delinquencies Increase in the Fourth Quarter of 2023

The Mortgage Bankers Association reports the mortgage delinquency rate increased to 3.88% of all loans in the fourth quarter of 2023.

8 Feb 2024

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