Archives For: Industry Updates
New State Initiative Offers Info, Resources on Zombie Homes
Columbia Law students have set up a new website with information to help small governments and communities gain information on zombie homes.
19 Jan 2022
MBA Survey: “Share of Mortgage Loans in Forbearance Decreases to 1.41% in December 2021
The Mortgage Bankers Association’s (MBA) new monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 26 basis points from 1.67% of servicers’ portfolio volume in the prior month to 1.41% as of December 31, 2021. According to MBA’s estimate, 705,000 homeowners are in forbearance plans.
18 Jan 2022
FHA Expands Real-Estate Owned Property Purchase Opportunities for Owner-Occupant Buyers
The Federal Housing Administration (FHA) on Thursday announced it is increasing its exclusive listing period on certain HUD single-family real-estate owned (REO) homes to allow more time for owner occupants, HUD-approved nonprofit organizations, and governmental entities to submit bids for the purchase of these homes before they become eligible for purchase by investors.
13 Jan 2022
U.S. Foreclosure Activity Drops to an All-Time Low in 2021
ATTOM, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), the largest online marketplace for foreclosure and distressed properties, today released its Year-End 2021 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 151,153 U.S. properties in 2021, down 29 percent from 2020 and down 95 percent from a peak of nearly 2.9 million in 2010, to the lowest level since tracking began in 2005.
13 Jan 2022
Proposed New Hampshire Bill will Allow Municipalities to Establish a Vacant Building Registration
A proposed New Hampshire bill will allow municipalities to establish a vacant property registration with requirements set forth by the state. The new bill will be enacted on January 1, 2023.
12 Jan 2022
Fannie Mae Launches Free Online Education Course, Empowering Aspiring Homebuyers to Become Confident, Successful Homeowners
Fannie Mae today announced the launch of HomeView™, the company’s new online homeownership education course, to help consumers navigate the mortgage and homebuying process confidently and responsibly.
12 Jan 2022
Branford’s New Ordinance will Address Blight, but with Compassion
Branford’s first blight ordinance, which passed in 2021 and went into effect Jan. 1, is meant to address issues of rundown properties with a sympathetic approach.
8 Jan 2022
FHFA Announces Targeted Increases to Enterprise Pricing Framework
Today, the Federal Housing Finance Agency (FHFA) announced targeted increases to Fannie Mae and Freddie Mac’s (the Enterprises) upfront fees for certain high balance loans and second home loans
5 Jan 2022
Proposed Maryland Bill Amends Required Practice for Abandoned Personal Property Valued Over $1000
A proposed Maryland bill that would amend requirements when dealing with abandoned personal property will be introduced on January 12, 2022.
4 Jan 2022
Ginnie Mae Names First Female President
Alanna McCargo has been sworn in as Ginnie Mae’s President. She is the first Senate-confirmed President in nearly five years.
3 Jan 2022