Archives For: Industry Updates
Freddie Mac: FHLMC Guide Bulletin 2019-19: Introducing Servicing Gateway
Freddie Mac issued a release announcing a new platform designed to offer an efficient and simplified way to access most of their servicing tools.
18 Sep 2019
Dispose Distress Early to Minimize Loss Severity
HousingWire published an article authored by Auction.com Vice President of Economics Daren Blomquist. In it, Blomquist discusses a recent study conducted by Fannie Mae and researchers from Marquette University and the University of Wisconsin Stout that has found that loss severity on nonperforming loans is lower when properties are disposed of early (before a lender takes ownership).
17 Sep 2019
CFPB: Policies to Facilitate Compliance and Promote Innovation Issued
The Consumer Financial Protection Bureau (CFPB) issued three new policies to promote innovation and facilitate compliance: the No-Action Letter (NAL) Policy, Trial Disclosure Program (TDP) Policy, and Compliance Assistance Sandbox (CAS) Policy.
10 Sep 2019
Kearns To Fight Proposed Zombie Property Plans
Spectrum News published a report discussing criticism of the City of Buffalo’s newly revised tax foreclosure process from Erie County, N.Y., Clerk Mickey Kearns.
10 Sep 2019
Freddie Mac: FHLMC Guide Bulletin 2019-18: Servicing Updates
Freddie Mac issued a release announcing servicing updates that will provide greater flexibility and opportunities for operational efficiency.
14 Aug 2019
HUD: Mitigation Funds to be Released in Two Tranches
The U.S. Department of Housing and Urban Development (HUD) issued a press release announcing the release of an upcoming Federal Register notice that will release disaster mitigation funds in two tranches to areas impacted by recent storms.
2 Aug 2019
Disaster Reporting in the United States
The Urban Institute published a report including a summary of the losses from major disasters, both in data from FEMA and in data on billion-dollar disasters published by the National Oceanic and Atmospheric Administration (NOAA).
2 Aug 2019
City Launches ‘Zombie Team’ to Track Neighborhood Eyesores
PIX 11 published an article discussing a New York City Department of Housing Preservation and Development initiative that aims to monitor abandoned properties throughout the city and transform them into affordable housing.
1 Aug 2019
U.S. Coastal Communities at Risk for Coastal Flooding
Zillow issued a report that pairs its housing data with Climate Central’s sea-level rise expertise to identify the number of homes located in low-lying coastal areas and projects how many could become exposed to chronic ocean flooding over the coming decades.ok.
31 Jul 2019
Is a Recession on the Way?
DS News published an article discussing data from the latest Zillow Home Price Expectations Survey. According to the survey, a panel of real estate economists and experts have concluded that a recession is likely to hit in 2020.
25 Jul 2019