Archives For: Industry Alert
Hurricane Warning Issued In Florida as Nicole becomes Tropical Storm
Tropical Storm Nicole is forecast to make landfall in Florida as a hurricane or a strong tropical storm, but its impacts including prolonged coastal flooding, beach erosion, strong winds, high surf, rip currents and heavy rain will encompass a much larger area of the Southeast.
8 Nov 2022
FEMA Emergency Declaration – Florida Tropical Storm Nicole
FEMA has issued an Emergency Declaration for the state of Florida to supplement state, tribal and local response efforts due to emergency conditions resulting from Tropical Storm Nicole beginning November 7, 2022 and continuing.
8 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