Archives For: Industry Alert
Julia Gordon Confirmed as FHA Commissioner
The U.S. Senate has confirmed Julia Gordon as commissioner of the Federal Housing Administration and assistant secretary of housing at the U.S. Department of Housing and Urban Development.
12 May 2022
FEMA Fire Management Assistance Declaration – California Coastal Fire
FEMA has issued a Fire Management Assistance Declaration for areas of California affected by the Coastal Fire on May 11, 2022.
11 May 2022
U.S. Foreclosure Activity in April 2022 Declines Slightly
ATTOM’s April US Foreclosure Market Report showed that foreclosure filings were down 8% from the previous month, but up 160% from a year ago.
10 May 2022
Fannie Mae Earns ENERGY STAR Recognition for 2022 Environmental Sustainability Achievements
Fannie Mae announced it earned the 2022 ENERGY STAR® Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency and U.S. Department of Energy
6 May 2022
MBA: Mortgage Delinquencies Decrease in First Quarter
MBA reports that the delinquency rate decreased 54 basis points from the 4th quarter of 2021 and was down 227 basis points from one year ago.
5 May 2022
Agencies Issue Joint Proposal to Strengthen and Modernize Community Reinvestment Act Regulations
Federal bank regulatory agencies today jointly issued a proposal to strengthen and modernize regulations implementing the Community Reinvestment Act (CRA) to better achieve the purposes of the law.
5 May 2022
FEMA Major Disaster Declaration – New Mexico Wildfires and Straight-line Winds
FEMA has issued a Major Disaster Declaration for areas of New Mexico affected by wildfires and straight-line winds beginning April 5 and continuing.
4 May 2022
ICE to Buy Mortgage-Software Firm Black Knight for $13.1 Billion
Intercontinental Exchange Inc. has agreed to buy Black Knight Inc. in a deal valuing the mortgage software provider at about $13.1 billion
4 May 2022
Fannie REO Inventory Increased in Q1 YoY; Expected to Increase Further in 2022
Fannie Mae reported the number of REO increased to 7,430 at the end of Q1 2022 compared to 6,918 at the end of Q1 2021.
3 May 2022
FHFA to Make Supplemental Consumer Information Form Mandatory
Fannie Mae and Freddie Mac will now require lenders to use the Supplemental Consumer Information Form, which collects information about the borrower’s language preference among other things.
3 May 2022