Archives For: Industry Updates
U.S. Foreclosure Completions Increase Annually by 64 Percent in November 2022
ATTOM has released its November 2022 U.S. Foreclosure Market Report, showing U.S. properties with foreclosure filings up 57% from a year ago.
8 Dec 2022
Toledo, Land Bank Awarded $9.8 Million to Demolish Blighted Properties
Toledo and the Lucas County Land Bank have been awarded $9.8 million to demolish vacant homes affecting the city with blight.
6 Dec 2022
Fannie Mae Introduces Enhancements to Help Expand Homeownership Opportunities for Underserved Borrowers
Fannie Mae announced enhancements to its automated underwriting system designed to expand eligibility to homebuyers who do not have a credit score.
6 Dec 2022
Black Knight: 8% of 2022 Mortgaged Home Purchases Now Underwater
Black Knight Data & Analytics released its latest Mortgage Monitor Report, reporting that up to 8% of homes purchases in 2022 are now at least marginally underwater.
5 Dec 2022
HUD Awards $30 Million to Fund Ross Service Coordinators to Support Needs of Public and Indian Housing Residents
HUD awarded funding to hire and maintain service coordinators who will assess the needs of Public and Indian Housing residents.
5 Dec 2022
FHFA Announces Conforming Loan Limit Values for 2023
FHFA has announced conforming loan limit values for mortgages to be acquired by Fannie Mae and Freddie Mac in 2023.
29 Nov 2022
Cincinnati Neighborhood Converts Vacant Historic Buildings into Affordable Housing
The Lower Price Hill Thrives project in Cincinnati, Ohio is set to deliver 47 new affordable housing units by renovating vacant properties in the neighborhood.
28 Nov 2022
Niskayuna Partners with Land Bank, County to Address Zombie Properties
Niskayuna is partnering with the Capital Region Land Bank and Schenectady County on a pilot program designed to swiftly address zombie properties in the town.
25 Nov 2022
Loans in Forbearance Increase for First Time in 29 Months
The number of loans in forbearance has increased for the first time in 29 months, new numbers by the Mortgage Bankers Association revealed.
22 Nov 2022
M&T Bank Commits $1.2 Million to Community Revitalization Programs in Pennsylvania
M&T Bank will provide more than $1.2 million to 42 initiatives aimed at servicing distressed communities or low-income neighborhoods in Pennsylvania.
22 Nov 2022