Safeguard Properties

OCC Reports Improvement in Overall Mortgage Performance

Posted on by Safeguard

Industry Update
September 15, 2022

Source: Office of the Comptroller of the Currency

The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the second quarter of 2022.

The OCC Mortgage Metrics Report, Second Quarter 2022 showed that 97 percent of mortgages included in the report were current and performing at the end of the quarter, compared to 95 percent a year earlier.

The percentage of seriously delinquent mortgages – mortgages that are 60 or more days past due and all mortgages held by bankrupt borrowers whose payments are 30 or more days past due – was 1.5 percent in the second quarter of 2022, compared to 1.8 percent in the prior quarter and 3.8 percent a year ago.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

FEMA Fire Management Assistance Declaration – Oregon Milo Mciver Fire

Posted on by Safeguard

FEMA Alert
September 10, 2022

FEMA has issued a Fire Management Assistance Declaration for the state of Oregon to supplement state, tribal and local recovery efforts in the areas affected by the Milo Mciver Fire on September 10, 2022 and continuing.  The following counties have been approved for assistance:

Public Assistance:

  • Clackamas

 

Oregon Milo Mciver Fire (FM-5454-OR)

Zip Codes of Affected Areas

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Fire Management Assistance Declaration – Washington Bolt Creek Fire

Posted on by Safeguard

FEMA Alert
September 10, 2022

FEMA has issued a Fire Management Assistance Declaration for the state of Washington to supplement state, tribal and local recovery efforts in the areas affected by the Bolt Creek Fire on September 10, 2022 and continuing.  The following counties have been approved for assistance:

Public Assistance:

  • King
  • Snohomish

 

Washington Bolt Creek Fire (FM-5455-WA)

Zip Codes of Affected Areas

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

Bipartisan Bill Would Expand Land Banks, Increase Economic Development

Posted on by Safeguard

Industry Update
September 8, 2022

Source:  dankildee.house.gov

Congressman Dan Kildee, Chief Deputy Whip of the House Democratic Caucus, and Congressman Drew Ferguson (GA-03), Chief Deputy Whip of the House Republican Conference, today introduced bipartisan legislation to help strengthen neighborhoods, reduce crime and clean up blighted properties by expanding resources for land banks in communities across America.

Land banks are powerful tools to address blighted, vacant and abandoned properties and bring greater economic investment to communities. The National Land Bank Network Act would create a national network to provide resources, technical assistance and grants to help land banks nationwide implement best practices. This network would also help communities create their own land banks.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

City Council Working with Code Enforcement to Fight the Blight Faster in New Orleans Neighborhoods

Posted on by Safeguard

Industry Update
September 8, 2022

Source:  wgno.com

17 years after Hurricane Katrina and abandoned properties continue to be an issue throughout New Orleans. Now the City Council is planning to fight the blight by strengthening code enforcement regulations.

“We had a win yesterday on Laurel Street. A property that had been sitting blighted for 17 years was demolished,” Councilmember for District B Lesli Harris said.

This week neighbors in the Irish Channel felt victorious when this blighted home on Laurel Street got demolished, but at a “Quality of Life” meeting Councilmembers say more work needs to be done to fight the blight and beef up Code Enforcement regulations to speed up the process.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

Land Bank has Demolished 8,000 Properties in Flint Over the Past 18 Years

Posted on by Safeguard

Industry Update
September 7, 2022

Source:  nbc25news.com

Blight continues to be an issue that residents and officials in Flint are concerned about.

The Genesee County Land Bank says that since 2004, approximately 8,000 properties have been demolished in the City of Flint alone, but there is still work to be done.

According to the Beyond Blight 2022 Partnership between the City and the Genesee County Land Bank, there are nearly 8,500 residential properties that are vacant and/or blighted.

This is one-quarter of all residential properties in the city.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

Expanded Dallas Crime Crusade Against Blight

Posted on by Safeguard

Industry Update
September 6, 2022

Source:  nbcdfw.com

A new Dallas crusade against overgrown vacant lots, abandoned buildings and blight launched Tuesday in the Mill City neighborhood near Dallas Fair Park.

It was fueled with donations to Mayor Eric Johnson’s Safer Communities Fund and with tax money from neighborhood Councilman Adam Bazaldua.

The show of support from Dallas City Hall in a meeting at the Juanita Craft Recreation Center on Spring Avenue in Mill City Tuesday nearly brought one neighborhood leader to tears.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

FEMA Fire Management Assistance Declaration – California Mosquito Fire

Posted on by Safeguard

FEMA Alert
September 9, 2022

FEMA has issued a Fire Management Assistance Declaration for the state of California to supplement state, tribal and local recovery efforts in the areas affected by the Mosquito Fire on September 9, 2022 and continuing.  The following counties have been approved for assistance:

Public Assistance:

  • El Dorado
  • Placer

 

California Mosquito Fire (FM-5453-CA)

Zip Codes of Affected Areas

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Fire Management Assistance Declaration – Idaho Ross Fork Fire

Posted on by Safeguard

FEMA Alert
September 5, 2022

FEMA has issued a Fire Management Assistance Declaration for the state of Idaho to supplement state, tribal and local recovery efforts in the areas affected by the Ross Fork Fire on September 5, 2022 and continuing.  The following counties have been approved for assistance:

Public Assistance:

  • Blaine

 

Idaho Ross Fork Fire (FM-5452-ID)

Zip Codes of Affected Areas

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

Affordable Housing Coalition Releases Scorecard Outlining Improvements to GSE Duty-to-Serve Plans

Posted on by Safeguard

Industry Update
September 7, 2022

Source:  lincolninst.edu

A coalition of 21 leading national affordable housing groups is acknowledging improvements to Fannie Mae and Freddie Mac’s Duty to Serve (DTS) Underserved Market Plans for 2022-2024 but calling on the government-sponsored enterprises to go further to reach underserved housing markets.

The Underserved Mortgage Markets Coalition (UMMC) released a scorecard to evaluate the enterprises’ newest Duty to Serve plans, which were produced April 27. The Scorecard for the Approved DTS Plans 2022-2024 evaluates the enterprises’ commitment to innovating and developing effective solutions to meet their responsibilities under Duty to Serve, a federal regulation that requires the enterprises to prioritize and improve affordable housing finance opportunities in three historically neglected markets: manufactured housing, affordable housing preservation, and rural housing.

For full report, please click the source link above.