Archives For: Industry Alert
Puerto Rico Suffers Total Black Out as Hurricane Fiona Brings Threat of Flooding, Mudslides
Hurricane Fiona has knocked out power to all of Puerto Rico as the category one storm threatens flooding and mudslides on the islands.
18 Sep 2022
FEMA Emergency Declaration – Puerto Rico Tropical Storm Fiona
FEMA has issued an Emergency Declaration for the Commonwealth of Puerto Rico to supplement local government response efforts to emergency conditions resulting from then Tropical Storm Fiona, now a Hurricane, September 17, 2022 and continuing.
18 Sep 2022
OCC Reports Improvement in Overall Mortgage Performance
OCC reported that the performance of first-lien mortgages in the federal banking system improved during the second quarter of 2022.
15 Sep 2022
FEMA Major Disaster Declaration – American Samoa High Surf, High Winds, and Flooding
FEMA has issued a Major Disaster Declaration for the American Samoa territory to supplement territorial and local recovery efforts in areas affected by high surf, high winds, and flooding from July 12-15, 2022.
15 Sep 2022
U.S. Mortgage Interest Rates Top 6% for the First Time Since 2008
According to the MBA, the average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008.
14 Sep 2022
FEMA Fire Management Assistance Declaration – Washington Bolt Creek Fire
FEMA has issued a Fire Management Assistance Declaration for areas of Washington affected by the Bolt Creek Fire beginning September 10, 2022 and continuing.
10 Sep 2022
FEMA Fire Management Assistance Declaration – Oregon Milo Mciver Fire
FEMA has issued a Fire Management Assistance Declaration for areas of Oregon affected by the Milo Mciver Fire beginning September 10, 2022 and continuing.
10 Sep 2022
FEMA Fire Management Assistance Declaration – California Mosquito Fire
FEMA has issued a Fire Management Assistance Declaration for areas of California affected by the Mosquito Fire beginning September 9, 2022 and continuing.
9 Sep 2022
U.S. Foreclosure Starts Reach Pre-Pandemic Levels Nationwide
ATTOM released its August 2022 U.S. Foreclosure Market Report, which shows that foreclosure starts have reached pre-pandemic levels.
8 Sep 2022
Mortgage Rates Maintain their Ascent
Freddie Mac released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage averaged 5.89 percent.
8 Sep 2022