Archives For: Industry Updates
CoreLogic: US Mortgage Delinquency, Foreclosure Rates Hover Near Historic Lows in February
CoreLogic reports that in February 2024, 2.8% of US mortgages were in some stage of delinquency, down year-over-year from February 2023.
25 Apr 2024
Proposed Seattle Vacant Building Demolition Bill Could Cost City Up to $500K
An emergency bill to allow the Seattle Fire Department to conduct demolition of unsafe buildings could cost the city up to $500K this year.
24 Apr 2024
Share of Mortgage Loans in Forbearance Remains at .22% in March
The MBA monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance remained unchanged at .22% in March 2024.
22 Apr 2024
ICE First Look at Mortgage Performance: Serious Delinquencies at Lowest Since Mid-2006 as Foreclosures Drop, Prepayments Rise
ICE revealed its ‘First Look’ at March 2024 month-end mortgage performance, reporting the national delinquency rate dropped to 3.20%.
22 Apr 2024
Ginnie Mae President Alanna McCargo Announces Resignation
HUD announced that Alanna McCargo, President of Ginnie Mae, will resign on May 3. She has served in the Biden-Harris Administration since 2021.
19 Apr 2024
66 Groups to Maintain 3,500 Vacant Properties 2024
The Genesee County Land Bank Authority is set to kick off the 20th season of its Clean & Green Program, with community groups helping to combat blight across the city.
19 Apr 2024
Casey, Capito Introduce Legislation to Revitalize Communities by Eliminating Blighted Property
The Neighborhood Revitalization and Land Banking Act has been introduced to the Senate to help public land banks acquire and repurpose blighted properties.
18 Apr 2024
FHFA Releases Housing Mission Report for 2023
FHFA released the Housing Mission Report for 2023, describing activities by the GSEs and FHLBanks to promote access to affordable housing opportunities.
17 Apr 2024
Top 10 ZIPS with Highest Foreclosure Rates in Q1 and March 2024
ATTOM breaks down the top 10 U.S. zip codes with the highest rate of foreclosure for Q1 and March 2024.
12 Apr 2024
Macon County Board to Address Abandoned, Derelict Properties
The Macon County Board has approved an agreement with the Central Illinois Land Bank Authority to address abandoned and derelict properties in the county.
12 Apr 2024