Archives For: Industry Updates
Blight Fight Shifting to Rehab
The Altoona Redevelopment Authority/Land Bank board has launched a new program that will renovate derelict properties instead of demolishing them.
17 Feb 2024
Zimmerman’s Bill Giving Locals More Tools to Address Blighted Properties Advances
State Rep. Zimmerman’s bill to help local communities better address blighted properties has advanced out of the Indiana House of Representatives.
16 Feb 2024
Fannie “Real Estate Owned” Inventory Decreased Q4 2023
Fannie Mae reports the number of REOs decreased to 8.403 at the end of 2023, down 4% from the end of Q4 2022.
15 Feb 2024
Freddie Mac Announces 2023 SHARP Award Winners
Freddie Mac announces the nine winners of the 2023 SHARP program, which recognizes mortgage loan servicers for superior portfolio performance.
15 Feb 2024
Hearing Set on Vacant Property Maintenance
The Garden City Board of Trustees will discuss a proposed law aimed at requiring owners to maintain vacant and abandoned properties during a hearing on March 7th.
15 Feb 2024
City Council Approves Vacant-Building Ordinance: Owners of Empty Buildings Must Provide Plans or Face Fines
The Bakersfield City Council has approved a vacant nuisance registry ordinance that requires owners of unused, empty buildings to register with the city.
15 Feb 2024
U.S. Foreclosure Activity Sees Notable Increase in January 2024
ATTOM has released its January 2024 U.S. Foreclosure Market Report, showing foreclosure filings up 5% from a year ago.
13 Feb 2024
Fannie Mae Recognizes 32 High-Performing Mortgage Servicers
Fannie Mae announced its 2023 STAR Program results, recognizing 32 mortgage servicers for competency, capacity and overall performance.
12 Feb 2024
Mortgage Delinquencies Increase in the Fourth Quarter of 2023
The Mortgage Bankers Association reports the mortgage delinquency rate increased to 3.88% of all loans in the fourth quarter of 2023.
8 Feb 2024
FHFA Unveils 2024 Scorecard for Fannie Mae, Freddie Mac
FHFA recently released its 2024 Scorecard, outlining strategic objectives for Fannie Mae, Freddie Mac and their joint venture, CSS.
6 Feb 2024