Archives For: Industry Updates
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
FHFA Announces Updates to the Enterprises’ Single-Family Pricing Framework
FHFA has announced further changes to Fannie Mae’s and Freddie Mac’s single-family pricing framework by introducing redesigned and recalibrated upfront fee matrices for purchases, rate-term refinance, and cash-out refinance loans.
19 Jan 2023
Freddie Mac Multifamily’s Targeted Affordable Housing Loans Increased by Nearly 60% in 2022
In a year marked by record rent inflation and a rental housing supply crisis, Freddie Mac Multifamily prioritized its affordable housing mission, exceeding goals by totaling over $73 billion in production volume.
18 Jan 2023
Fannie Mae Selects Five Proposals to Help Advance Racial Equity in Housing through a $5 Million Innovation Challenge
Fannie Mae announced the selection of five organizations to receive deliverable-based contracts under the Sustainable Communities Innovation Challenge, a nationwide competition to advance racial equity in housing.
18 Jan 2023
Serious Delinquency Rates for All Mortgage Loan Types Continue to Fall
The nation’s overall mortgage delinquency rates have improved significantly over the last year, according to the latest CoreLogic Loan Performance Insights Report.
18 Jan 2023