Archives For: Industry Alert
Pre-filed Bill Would Extend Abilities of Alabama Land Banks
A bill filed for Alabama Legislature would give land banks more flexibility in acquiring properties and allow cities and counties to create joint land banks.
2 Nov 2023
Zombie Foreclosures Rise in 4th Quarter Across U.S. as Lenders Pursue More Delinquent Mortgages
ATTOM’s 4th quarter 2023 Vacant Property and Zombie Foreclosure Report shows 1.3 million residential properties in the U.S. are vacant.
31 Oct 2023
FEMA Major Disaster Declaration – Kansas Severe Storms, Straight-line Winds, Tornadoes and Flooding
FEMA has issued a Major Disaster Declaration for the state of Kansas in areas affected by severe storms, straight-line winds, tornadoes and flooding from July 14-21, 2023.
26 Oct 2023
US Serious Delinquency Rate Drops to All-Time Low in August
CoreLogic’s monthly Loan Performance Insights Report for August 2023 showed 2.6% of all mortgages in the U.S. were in some stage of delinquency.
26 Oct 2023
Black Knight: Mortgage Delinquency Rate Increased in September
According to Black Knight’s First Look Report, the percent of delinquent loans increased 3.7% in September compared to August, and increased 4.3% year-over-year.
23 Oct 2023
City of Youngstown Applying for Competitive Grant to Address Housing Issues
The City of Youngstown is applying for funding that was recently announced by HUD to address issues surrounding affordable housing,
19 Oct 2023
FEMA Major Disaster Declaration – Agua Caliente Band of Cahuilla Indians Tropical Storm Hilary
FEMA has issued a Major Disaster Declaration for the Agua Caliente Band of Cahuilla Indians to supplement tribal recovery efforts in the areas affected by Tropical Storm Hilary from August 19-21, 2023.
18 Oct 2023
Freddie Mac Launches Tool that Matches Borrowers to Down Payment Assistance Programs
Freddie Mac has launched DPA One, a new tool to help mortgage lenders quickly find and match borrowers to down payment assistance programs.
18 Oct 2023
Lawrence County Land Bank Shares Completion of Chesapeake Demolition Project
The Lawrence County Land Bank has completed demolition on 19 abandoned properties on a 4-acre plot that were a major source of blight.
18 Oct 2023
Metroplex Approves Funding to Remediate and Demolish Seven Vacant Buildings in Hamilton Hill Neighborhood
Metroplex Board of Directors has approved demolition of 7 vacant buildings that the Capital Region Land Bank will turn into affordable housing.
18 Oct 2023