Archives For: Industry Updates
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
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