Archives For: Industry Alert
McKee Announces $5 Million to Address Rhode Island Blight
Governor Dan McKee announced more than $5 million will be allocated to revitalize blighted and vacant properties in Central Falls and Providence areas of Rhode Island.
1 Apr 2022
FHA Issues Guidance on Property Preservation Expenses
The Department of Housing and Urban Development issued a mortgagee letter aimed at clarifying contingencies around property protection and preservation reimbursement for loans that have a first legal foreclosure action filed on or after March 31.
30 Mar 2022
Mortgage Rates Approach 5% as Fed Tightens and Inflation Rattles Bond Markets
U.S. mortgage rates approached 5% on Friday, the highest daily average in more than four years, as war-worsened inflation fears spooked financial markets and the Federal Reserve ended a two-year emergency program that boosted demand for bonds containing home loans.
29 Mar 2022
FEMA Major Disaster Declaration – Puerto Rico Severe Storms, Flooding, and Landslides
FEMA has issued a Major Disaster Declaration for areas of Puerto Rico affected by severe storms, flooding and landslides from Feb. 4-6, 2022.
29 Mar 2022
FEMA Major Disaster Declaration – Washington Severe Winter Storms, Straight-line Winds, Flooding, Landslides, and Mudslides
FEMA has issued a Major Disaster Declaration for areas of Washington affected by severe winter storms, straight-line winds, flooding, landslides, and mudslides from Jan. 1-15, 2022.
29 Mar 2022
Freddie Mac: Mortgage Serious Delinquency Rates Decreased in February
Freddie Mac reported that the Single-Family serious delinquency rate in February was 0.99%, down from 1.06% in January.
25 Mar 2022
Top 10 U.S. Housing Markets with Greatest Number of Foreclosure Starts in February 2022
ATTOM’s February 2022 U.S. Foreclosure Market Report revealed that lenders started the foreclosure process on 16,545 U.S. properties in February 2022.
25 Mar 2022
FEMA Major Disaster Declaration – Alaska Severe Winter Storm and Straight-line Winds
FEMA has issued a Major Disaster Declaration for areas of Alaska affected by a severe winter storm and straight-line winds from December 25-27, 2021.
24 Mar 2022
Louisiana Sends National Guard to Tornado Disaster Area
A tornado that menaced the New Orleans area flipped a school bus, ripped off rooftops and deposited a house with a family inside it onto the middle of their street.
23 Mar 2022
Tornado Outbreak in Texas, Oklahoma Kills 1, Injures at Least 10
At least three southern states were under a tornado watch Tuesday following an outbreak of twisters Monday night in Texas and Oklahoma that cut a path of destruction, killed one person and injured at least 10 others.
22 Mar 2022