Archives For: Industry Updates
Mortgage Delinquencies Increase in the Second Quarter of 2024
MBA reports that the delinquency rate on mortgage loans for 1-4 unit residential properties increased to 3.97% in the 2nd quarter of 2024.
15 Aug 2024
U.S. Foreclosure Activity Sees a Monthly Increase in July 2024
ATTOM released the July 2024 U.S. Foreclosure Market Report, showing foreclosure filings up 15% from the previous month.
15 Aug 2024
Fannie “Real Estate Owned” Inventory Decreased 10% in Q2 2024
Fannie Mae reported their ‘Real Estate Owned’ inventory decreased by 10% at the end of second quarter 2024.
13 Aug 2024
Essex Co. Land Bank Announces New Initiatives
The Essex County Land Bank launched new programs to transform vacant properties and aid Essex County homeowners.
12 Aug 2024
Atlanta’s ‘Blight Tax’ Crackdown Passes into Law
Atlanta’s ‘Blight Tax’ legislation aimed at cracking down on absentee landlords to tidy up neglected properties has passed into law.
8 Aug 2024
FHA Removes Face-to-Face Requirement for Borrowers in Default
FHA has released a final rule that waives the HUD requirement for mortgagees to meet in-person with borrowers who are in default on their mortgage.
2 Aug 2024
HUD Showcases 3-D Printing as an Innovative Solution for Affordable Housing Supply
U.S. Department of Housing and Urban Development is working on innovative ways to boost the affordable housing supply by utilizing 3-D printing.
30 Jul 2024
27 Vacant Buildings to be Demolished in Schenectady
The Capital Region Land Bank is moving forward with plans to demolish nearly 30 blighted properties in Schenectady.
29 Jul 2024
Fannie and Freddie: Single Family Serious Delinquency Rate Mostly Unchanged in June, Multi-family Increased
Fannie and Freddie report that single-family serious delinquency rates were mostly unchanged in June, and multi-family serious delinquencies increased again.
29 Jul 2024
New Leadership at Hartford Land Bank
The Hartford Land Bank Board of Directors announced that resident Marcus Ordoñez has been appointed as the bank’s executive director.
26 Jul 2024