Archives For: Industry Alert
Wall Street is Funding Fixer-Upper Houses
Wall Street has made a mountain of money available to house flippers, and selling move-in-ready rehabs has rarely been easier. The challenge is finding beat-up and out-of-date properties that can be renovated and resold for a profit.
7 Sep 2021
Forbearance Volume Tails Off on Strength of August Jobs Report
The latest Forbearance and Call Volume Survey from the MBA has found that the total number of loans now in forbearance decreased by two basis points from 3.25% of servicers’ portfolio volume in the prior week to 3.23%.
7 Sep 2021
FEMA Declared Disaster Nebraska Severe Storms and Straight-line Winds
FEMA issued a Disaster Declaration for areas in Nebraska affected by severe storms and straight-line winds that took place July 9-10, 2021.
6 Sep 2021
FEMA Declared Disasters New Jersey and New York Remnants of Hurricane Ida
FEMA issued a Presidential Major Disaster Declaration for areas in New York and New Jersey affected by remnants of Hurricane Ida that took place May 17-21, 2021.
5 Sep 2021
FEMA Declared Disaster Areas due to Remnants of Hurricane Ida
FEMA Declared Disaster in areas of New York and all counties in New Jersey due to Remnants of Hurricane Ida.
2 Sep 2021
Fannie Mae July 2021 Monthly Summary
Per Fannie Mae, overall serious delinquency for conventional single family loans is 1.94% in July 2021 vs 2.08% last month and 3.24% a year ago.
31 Aug 2021
Freddie Mac July 2021 Monthly Summary
Per Freddie Mac, overall delinquencies for single family loans is 1.74% in July 2021, vs 1.86% last month and 3.12% a year ago.
31 Aug 2021
FEMA Declared Disaster Mississippi and Louisiana Hurricane Ida
FEMA announced federal emergency aid has been made available in Louisiana and Southern Counties of Mississippi to supplement local response efforts.
30 Aug 2021
Fannie Mae Issues Press Release for Hurricane Ida Assistance Options
Fannie Mae issued a press release 8/30/21 in regards to assistance options for those impacted by Hurricane Ida.
30 Aug 2021
Hurricane Ida Strengthens to Category 4 Storm
Hurricane Ida became a Category 4 storm early Sunday morning, rapidly intensifying to sustained winds of 150 mph.
29 Aug 2021