Archives For: Industry Updates
New HUD Rule Aims to Prevent Public Housing Evictions
A proposed HUD rule will ban evictions without giving tenants 30-days’ notice and providing info on available federal emergency assistance.
11 Oct 2021
Comments on September Unemployment
The headline jobs number in the September employment report was well below expectations. Unemployment rate decreases by 4.8% in September.
8 Oct 2021
Black Knight: Number of Homeowners in COVID-19- Related Forbearance Plans “Largest Weekly Decline in 12 Months”
The number of active forbearance plans fell by 177,000 this week with declines seen across all investor classes, led by an 84,000 plan drop among FHA/VA loans. Overall, forbearances have declined by 17% over the past 30 days.
8 Oct 2021
Albany City Commission Considers Vacant Property Registry
Under the vacant property registration proposal, owners of vacant structures and foreclosed properties would pay a $100 registration fee.
5 Oct 2021
OCC Reports Improvement in Mortgage Performance
The Office of the Comptroller of the Currency reported that the performance of first-lien mortgages in the federal banking system improved during the second quarter of 2021.
28 Sep 2021
Freddie Mac: Mortgage Serious Delinquency Rate Decreased in August
Freddie Mac reported that the Single-Family serious delinquency rate in August was 1.62%, down from 1.74% in July. Freddie’s rate is down year-over-year from 3.17% in August 2020.
27 Sep 2021
MBA: Mortgage Applications Increase in Latest Weekly Survey
Mortgage applications increased 0.3 percent from one week earlier, according to data from the MBA Weekly Mortgage Applications Survey for the week ending September 10, 2021.
15 Sep 2021
Vacant Zombie Properties Decline as Foreclosure Moratorium Ends
ATTOM’s third-quarter 2021 Vacant Property and Zombie Foreclosure Report showed that 1.3 million residential properties in the United States sit vacant. That represents 1.4 percent across the nation that could be classified as zombie properties.
13 Sep 2021
HUD Homes More Likely to be in Floodplains
Repossessed homes sold by the Department of Housing and Urban Development between 2017 and 2020 were almost 75 times more likely to be in federally designated floodplains than other homes sold during that timeframe.
13 Sep 2021
DOL Releases Unemployment Insurance Weekly Claims
The U.S. Department of Labor has released its Unemployment Insurance Weekly Claims update for the week ending September 4.
9 Sep 2021