Archives For: Industry Updates
Foreclosure Activity Nationwide Shows Slight Decline in April 2024
ATTOM released the April 2024 U.S. Foreclosure Market Report, showing foreclosure filings down 4% from the prior month.
15 May 2024
The Fight Against Blight – How Mayor Young, Code Enforcement Team are Tidying Up Our Neighborhoods While Tackling Crime
The Memphis, TN mayor and code enforcement team are working to clean-up dilapidated homes that attract crime to neighborhoods.
11 May 2024
Statement of Director Sandra L. Thompson on the FSOC Nonbank Mortgage Servicing Report
Comments from FHFA Director Sandra L. Thompson on the Financial Stability Oversight Council report on nonbank mortgage servicing.
10 May 2024
Sam Valverde in Seat as Acting President of Ginnie Mae
Effective May 6, Sam Velverde entered the role of Acting President of Ginnie Mae following the resignation of Alanna McCargo.
9 May 2024
Fannie “Real Estate Owned” Inventory Decreased in Q1 2024
Fannie Mae reports that their “Real Estate Owned” (REO) inventory decreased 5% from the previous quarter, and 9% year-over-year.
6 May 2024
HUD Extends Additional Relief to Borrowers in Maui, HI
HUD announced it is extending its foreclosure moratorium for borrowers of FHA-insured mortgages in Maui County, HI through August 4, 2024.
6 May 2024
HUD Issues Fair Housing Act Guidance on Applications of Artificial Intelligence
HUD released two guidance documents addressing of the Fair Housing Act to two area in which the use of artificial intelligence poses concerns.
2 May 2024
New Maryland Bill Gives Baltimore Leaders New Tool to Fight Vacant Property Crisis
A new Maryland bill will allow local jurisdictions to tax vacant properties at a higher rate, allowing cities to foreclose on more vacant homes.
1 May 2024
Fitchburg Vacant Property Registration Requirement Now Live
The Fitchburg Vacant Property Registry, designed to help the city tackle the issue of blighted, disused, and abandoned properties is now live.
30 Apr 2024
Casper Declares War on ‘Dangerous’ Run-Down and Neglected Properties
The city of Casper, WY is cracking down on abandoned properties and dangerous eyesores that are affected neighborhood home values through rehab and demolition.
26 Apr 2024