Archives For: Industry Updates
Fannie and Freddie: Single Family Serious Delinquency Rates Decreased in March
Both Fannie Mae and Freddie Mac reported the Single-family serious delinquency rate went unchanged in March 2025.
2 May 2025
STL County Land Bank Targets Abandoned Properties
A new land bank will be created in St. Louis County as Bill No. 57 has been signed, formally establishing the Saint Louis County Land Bank.
2 May 2025
Foreclosure Auction Volume Increases 4 Percent Annually to Six-Quarter High in Q1 2025
Auction.com reports that foreclosure auction volume surged in the first quarter of 2025, marking a sharp reversal from recent lows.
29 Apr 2025
ICE First Look at Mortgage Performance: Delinquencies Improved Seasonally in March
ICE released its March 2025 First Look report, revealing that while delinquency rates have edged up, they remain below pre-pandemic levels.
24 Apr 2025
Tornado Victims Blocked from Federal Recovery Aid After Trump Denied Request
President Trump has rejected the state of Arkansas’s request to declare a major disaster after a deadly tornado outbreak in March.
23 Apr 2025
FEMA Losing Roughly 20% of Permanent Staff, Including Longtime Leaders, Ahead of Hurricane Season
Just weeks before hurricane season, about 20% of FEMA’s permanent staff are expected to take a voluntary buyout as part of DOGE’s staff reduction efforts.
23 Apr 2025
Share of Mortgage Loans in Forbearance Decreases Slightly to .36% in March
MBA’s monthly Loan Monitoring Survey for March 2025 revealed the total number of loans in forbearance decreases to by 2 basis points to .36%.
21 Apr 2025
Columbus Creating Vacant, Foreclosed Home Registries to Address Dangerous Eyesores
The city of Columbus is moving forward with creating registries to track vacant and foreclosed residential properties to hold owners accountable for their upkeep.
21 Apr 2025
Detroit Land Bank Authority Marks Over 12,000 Completed Vacant Home Restorations
The Detroit Land Bank Authority joined the City of Detroit and individuals who bought DLBA homes to celebrate 12,000 vacant home restorations over the past decade.
18 Apr 2025
Ginnie Mae Welcomes Joseph M. Gormley as Executive Vice President and Chief Operating Officer
Ginnie Mae welcomes Joseph M. Gormley as its new Executive Vice President (EVP) and Chief Operating Officer (COO).
16 Apr 2025