Safeguard Properties

U.S. Foreclosure Activity in February 2022 Continues to Increase Steadily

Posted on by Safeguard

Industry Update
March 10, 2022

Source: Cision PR Newswire

ATTOM, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac, the largest online marketplace for foreclosure and distressed properties, today released its February 2022 U.S. Foreclosure Market Report, which shows there were a total of 25,833 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 11 percent from a month ago and 129 percent from a year ago.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

Mortgage Rates Resume their Ascent

Posted on by Safeguard

Industry Update
March 10, 2022

Source: Washington Post

After two weeks of declines, mortgage rates resumed their upward march this week.

According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average increased to 3.85 percent with an average 0.8 point. (A point is a fee paid to a lender equal to 1 percent of the loan amount. It is in addition to the interest rate.) It was 3.76 percent a week ago and 3.05 percent a year ago.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

Mortgage Delinquencies Fall to Lowest Level in 23 Years

Posted on by Safeguard

Industry Update
March 8, 2022

Source: National Mortgage Professional

Declining unemployment rates and rising housing prices have had a significant effect on a sector of homeowners that might come as a surprise.

According to CoreLogic’s just-released monthly Loan Performance Insights Report for December 2021, those two factors have led to a precipitous decline in mortgage delinquencies.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

FEMA Fire Management Assistance Declaration – Florida 1707 Adkins Ave Fire

Posted on by Safeguard

FEMA Alert
March 4, 2022

FEMA has issued a Fire Management Assistance Declaration for the state of Florida to supplement state, tribal and local recovery efforts in the areas affected by the 1707 Adkins Ave Fire starting March 4, 2022 and continuing.  The following counties have been approved for assistance:

Public Assistance:

  • Bay

 

Florida 1707 Adkins Ave Fire (FM-5424-FL)

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 – Kansas Cottonwood Fire Complex

Posted on by Safeguard

FEMA Alert
March 5, 2022

FEMA has issued a Fire Management Assistance Declaration for the state of Kansas to supplement state, tribal and local recovery efforts in the areas affected by the Cottonwood Fire Complex starting March 5, 2022 and continuing.  The following counties have been approved for assistance:

Public Assistance:

  • Harvey
  • Reno

 

Kansas Cottonwood Fire Complex (FM-5425-KS)

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 – Florida Chipola Fire Complex

Posted on by Safeguard

FEMA Alert
March 6, 2022

FEMA has issued a Fire Management Assistance Declaration for the state of Florida to supplement state, tribal and local recovery efforts in the areas affected by the Chipola Fire Complex on March 4, 2022.  The following counties have been approved for assistance:

Public Assistance:

  • Bay
  • Calhoun

 

Florida Chipola Fire Complex (FM-5426-FL)

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

Rock Island Joins Regional Land Bank

Posted on by Safeguard

Industry Update
March 1, 2022

Source: Quad City Times

Rock Island is partnering with other communities to address blight and abandoned properties in the Illinois Quad Cities.

City council members on Monday approved an intergovernmental agreement with Moline and East Moline for the creation of a regional land bank called the Quad-Cities Land Bank Authority.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

Nobody’s Home: Bill Would Require Contact Info for Empty Buildings

Posted on by Safeguard

Industry Update
February 28, 2022

Source: Springfield News-Sun

It could be easier to contact the owners of abandoned and dilapidated properties if a bill sponsored by two Dayton-area lawmakers passes.

State Reps. Willis Blackshear, D-Dayton, and Andrea White, R-Kettering, introduced the Neighborhood Protection Act on Feb. 9. It would require owners of vacant properties to file full contact information with their county auditor’s office. It would apply to residential and commercial properties, he said.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

FHFA Announces More than $1.1 Billion for Affordable Housing Programs

Posted on by Safeguard

Industry Update
February 28, 2022

Source: Federal Housing Finance Agency

FHFA Acting Director Sandra L. Thompson announced that the Housing Trust Fund and Capital Magnet Fund will receive a total of $1.138 billion for affordable housing initiatives from Fannie Mae and Freddie Mac. This is the largest amount ever provided to these programs from the Enterprises.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

Sharifa A. Anderson Appointed Fannie Mae Senior Vice President and Chief Diversity and Inclusion Officer

Posted on by Safeguard

Industry Update
March 1, 2022

Source: RisMedia

Fannie Mae has announced it has appointed Sharifa A. Anderson as senior vice president and chief diversity and inclusion (D&I) officer, effective February 28, 2022. Anderson will be a member of Fannie Mae’s management committee and serve as the company’s first chief D&I officer in this newly created role.

For full report, please click the source link above.