Archives For: Industry Updates
Mason City Approves Vacant Building Registration in Effort to Combat Blight
The Mason City Council has approved a new ordinance requiring the registration of vacant commercial properties.
14 Feb 2023
U.S. Foreclosure Activity in January 2023 Continues to Increase Annually for 21 Consecutive Months
ATTOM has released the January 2023 U.S. Foreclosure Market Report, which shows foreclosure filings up 36% from a year ago, and 2% from a month ago.
9 Feb 2023
HUD Secretary Announces Major Milestone of Assisting Nearly 2 Million Homeowners Stay in their Homes
HUD Secretary Marcia L. Fudge announced that, thanks to FHA programs, approximately 2 million homeowners with FHA mortgages were able to stay in their homes from the beginning of the COVID-19 pandemic through December 2022.
8 Feb 2023
ATTOM Integrates Propensity to Default Analytics into its Vast U.S. Property Data Warehouse
ATTOM announced it has integrated propensity to default analytics into its U.S. property data warehouse, allowing for enhanced market intelligence to predict the likelihood of a household going into foreclosure.
7 Feb 2023
Baltimore City Council Considering Fees for Vacant Property Owners Who Receive 311 Requests
Baltimore City Council is considering establishing fees for vacant property owners who receive 311 requests against their properties.
7 Feb 2023
Proposed Bill Would Ban Use of Plywood for Boarding in New York
New York Senate Bill 3369, introduced 1/31/23, would ban the use of plywood, wood composite, wood veneer, or similar wood-based products to secure properties that are deemed vacant or abandoned.
31 Jan 2023
Federal Housing Administration Expands Assistance Options for Borrowers Struggling to Make Mortgage Payments
FHA has announced it is expanding and enhancing its set of loss mitigation options used to help borrowers struggling to make mortgage payments on FHA-insured loans.
30 Jan 2023
‘The Wreckage of Decades’: The Fight to Fix Nearly 1K Vacant Properties in Albany
The city of Albany and the Albany County Land Bank are working together to address vacant, blighted properties through both renovation and demolition.
28 Jan 2023
HUD Announces Over 100,000 Families & Individuals Housed Through “House America” Homelessness Initiative
HUD Secretary Marcia L. Fudge announced that states, municipalities, and tribes who joined House America have housed more than 100,000 households experiencing homelessness and added over 40,000 affordable housing units into development.
26 Jan 2023
Share of Mortgage Loans in Forbearance Remains Flat at .7% in December
Mortgage Bankers Association Monthly Loan Monitoring Survey revealed the total number of loans in forbearance remained flat relative to the previous month as of December 31, 2022.
23 Jan 2023