Archives For: Industry Updates
Rep. Batista Bill Would Help Push Abandoned Properties for Redevelopment
Proposed legislation in Rhode Island would mandate municipalities to maintain inventories of abandoned properties with yearly updates.
12 Mar 2024
City Council Bill Proposes Having Vacant Property Owners Pay for Fire Services
Baltimore city council proposed a bill that would hold owners of vacant property accountable by charging them for fire services.
12 Mar 2024
Statement from HUD Secretary Marcia L. Fudge
HUD Secretary Marcia L. Fudge has announced her resignation, effective March 22, 2024, after nearly 5 decades in public service.
11 Mar 2024
U.S. Foreclosure Activity Continues to See an Annual Increase
ATTOM released the February 2024 U.S. Foreclosure Market Report, noting that foreclosure filings are up 8% over one year ago.
11 Mar 2024
CoreLogic: Number of Underwater US Homes Drops by 15% Annually in Fourth Quarter
CoreLogic released the Homeowner Equity Report for the 4th quarter of 2023, showing the number of mortgages ‘underwater’ dropped by 15% annually.
7 Mar 2024
Fannie and Freddie: Single Family Serious Delinquency Rate Decreases Slightly in January
Fannie Mae and Freddie Mac both reported that Single-Family serious delinquency rates remained relatively unchanged in January 2024.
1 Mar 2024
ICE: Mortgage Delinquency Rates Decreased in January
ICE reports that mortgage delinquency rates decreased in January 2024 to the lowest levels since October of the previous year.
23 Feb 2024
Wheeling Council: Vacant Building Code Can Be Reviewed, but it is Working
Wheeling city officials agreed that the city’s Vacant Building Code does a good job of keeping structures out of disrepair but could be more flexible to those working to get their buildings occupied.
21 Feb 2024
Share of Mortgage Loans in Forbearance Decreases Slightly in January
MBA’s Monthly Loan Monitoring Survey reports that the share of mortgage loans in forbearance decreased slightly to .22% in January 2024.
20 Feb 2024
Carroll City Council Alters Proposed Vacant Property Ordinance, Begins Approval Process Over
The Carroll City Council made progress in implementing a vacant property ordinance intended to encourage owners to sell, lease or otherwise utilize vacant structures.
17 Feb 2024