Archives For: Industry Updates
October 2022 U.S. Foreclosure Activity Increases 57% from October 2021
ATTOM released its October 2022 U.S. Foreclosure Market Report, which shows foreclosure filings were up 57% from one year ago, and 2% from the prior month.
9 Nov 2022
Law Students Help Fight Against Blight in Memphis Neighborhoods
The University of Memphis School of Law has filed 25 new lawsuits aimed at holding owners of vacant and neglected properties accountable their condition.
9 Nov 2022
Industry Veteran Ravi Shankar Appointed Head of Freddie Mac’s Single-Family Portfolio & Servicing Division
Freddie Mac announced that industry veteran Ravi Shankar has joined the company as senior vice president and head of Single-Family Portfolio and Servicing.
7 Nov 2022
Loan Performance Insights – October 2022
The CoreLogic Loan Performance Insights Report measures early-stage delinquency rates to analyze the health of the mortgage market through August 2022.
27 Oct 2022
OCC Announces Office of Financial Technology
OCC announced it will establish an Office of Financial Technology to bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape.
27 Oct 2022
Zombie Property Count Ticks Upward Again Across U.S. in Fourth Quarter but Remains Tiny Portion of Housing Market
ATTOM released its 4th quarter 2022 Vacant Property and Zombie Foreclosure Report showing that 1.3 mill residential properties in the U.S. are vacant.
27 Oct 2022
FHFA Announces Validation of FICO 10T and VantageScore 4.0 for Use by Fannie Mae and Freddie Mac
FHFA announced the validation and approval of both the FICO 10T and VantageScore 4.0 credit score models for use by Fannie Mae and Freddie Mac.
24 Oct 2022
Newark Targets Derelict Property Owners with New Ordinance
A new law in Newark aims to tackle the problem of derelict properties by penalizing unreachable corporations and absentee lot owners.
21 Oct 2022
Mortgage Application Volume Hits 25-Year Low
Mortgage application activity again fell during the week ending October 14 as mortgage rates hit their highest level in 20 years.
19 Oct 2022
Share of Mortgage Loans in Forbearance Decreases to .69% in September
The Mortgage Bankers Association monthly Loan Monitoring Survey reported that loans in forbearance fell 3 basis points in September from the previous month.
17 Oct 2022