Archives For: Industry Updates
Share of Mortgage Loans in Forbearance Decreases to .60% in February
The MBA monthly Loan Monitoring Survey revealed that the forbearance rate fell across all investor types in February.
20 Mar 2023
Mortgage Giant Fannie Mae Tackles Climate Risk, but Changes to Underwriting May Take Several Years
Fannie Mae looks to incorporate climate risk into its underwriting practices to account for climate change.
20 Mar 2023
HUD Restores “Discriminatory Effects” Rule
HUD has announced plans to rescind the 2020 Fair Housing Act rule and restore the 2013 policy to eradicate discriminatory practices in the housing market.
17 Mar 2023
Talladega’s Revitalization Project Demolishing more than 30 Abandoned, Dilapidated Homes
The city of Talladega, Alabama is using funds from the Community Development Block Grant to demolish dozens of abandoned, dilapidated homes.
16 Mar 2023
TNP Partners with Warren to Demolish 100+ Vacant Properties
Trumball Neighborhood Partnership has partnered with the city of Warren, Ohio to demolish more than 100 vacant properties throughout the city.
16 Mar 2023
Wounded Former U.S. Army Specialist Gets Mortgage-Free Home in Ohio
The Military Warriors Support Foundation has gifted a mortgage-free home to a military veteran moving from Colorado to Ohio.
16 Mar 2023
Mt. Sterling Working to Tear Down Deteriorated Homes
A program in Mt. Sterling, Kentucky is geared toward tearing down deteriorated homes.
14 Mar 2023
New Tool to Address Vacant Homes Will Create Baltimore City Land Bank
Two Baltimore City councilors introduced a tool to expedite the acquisition and disposition of vacant and abandoned properties within the city.
10 Mar 2023
HUD Extends Loan Mod Option to 480 Months
HUD has published a Final Rule in the Federal Register to increase the maximum allowable term for FHA-insured loan modification from 360 months to 480 months.
9 Mar 2023
U.S. Foreclosure Activity Declines Monthly in February 2023 but Continues to Increase Annually
ATTOM has released the February 2023 U.S. Foreclosure Market Report, showing foreclosure filings down 3% from a month ago and up 18% from a year ago.
8 Mar 2023