Archives For: Industry Alert
FEMA Fire Management Assistance Declaration – Washington Nakia Creek Fire
FEMA has issued a Fire Management Assistance Declaration for areas of Washington affected by the Nakia Creek Fire beginning October 9, 2022 and continuing.
17 Oct 2022
Lawmaker Says it’s Time for a Land Bank in St. Louis County
A St. Louis lawmaker plans to introduce legislation that will allow the county to create a land bank to better absorb and repurpose abandoned properties in neighborhoods.
17 Oct 2022
Freddie Mac Announces Underwriting Innovation to Help Lenders Qualify More Borrowers for a Mortgage
Freddie Mac will increase homeownership opportunities by identifying a history of positive monthly cash flow to a borrowers bank account with new tech added to its automated underwriting system LPASM.
17 Oct 2022
FHFA Outlines Seven Challenges for 2023
FHFA, Office of the Inspector General has published a memo identifying major challenges Fannie Mae and Freddie Mac expects to face in 2023.
14 Oct 2022
FEMA Major Disaster Declaration – Illinois Severe Storm and Flooding
FEMA has issued a Major Disaster Declaration for the state of Illinois in areas affected by a severe storm and flooding from July 25-28, 2022.
14 Oct 2022
Mortgage Rates Hit 20-Year High
The 30-year fixed-rate mortgage averaged 6.92% last week as rates climbed to the highest they have been since April 2002.
13 Oct 2022
U.S. Foreclosure Activity Continues to Increase Quarterly Nearing Pre-Pandemic Levels
ATTOM released it’s Q3 2022 US Foreclosure Market Report showing foreclosures up 3% from the previous quarter and 104% from a year ago.
13 Oct 2022
Proposed Bill Aimed to Fight Blight Paused after Concerns about Execution
Baltimore city leaders are working on a bill that would fine vacant property owners for every emergency at their property after the first in a year’s span.
11 Oct 2022
Reading Council Hears Plan for Land Bank to Fight Blight
Reading, PA city council is considering a proposal from the city’s community development director to create a land bank to address blight.
10 Oct 2022
Clarifire, IndiSoft Loop HUD Loss Reduction Consultants
Clarifire and IndiSoft announced a collaboration on technology that facilitates third-party advice in the loss mitigation process
4 Oct 2022