Archives For: Industry Alert
Dayton Approves New Vacant Home Rehab Program to Create New Market-rate Homes
The city of Dayton and the Montgomery County Land Bank have partnered to fix up vacant homes and sell them as market-rate product.
14 Aug 2023
FEMA Major Disaster Declaration – Mississippi Severe Storms, Straight-line Winds, and Tornadoes
FEMA has issued a Major Disaster Declaration for the state of Mississippi in areas affected by severe storm, straight-line winds and tornadoes from June 14-19, 2023.
12 Aug 2023
FEMA Major Disaster Declaration – Montana Flooding
FEMA has issued a Major Disaster Declaration for the state of Montana in areas affected by flooding from April 10-26, 2023.
12 Aug 2023
FEMA Major Disaster Declaration – New Jersey Severe Storm and Flooding
FEMA has issued a Major Disaster Declaration for the state of New Jersey in areas affected by a severe storm and flooding from July 14-15, 2023.
11 Aug 2023
Mortgage Delinquencies Decrease in the Second Quarter of 2023
MBA reports the mortgage delinquency rate fell to its lowest level since their survey began in 1979, to 3.37% in Q2 2023.
10 Aug 2023
U.S. Foreclosure Activity Dips in July 2023 While Lender Repossessions Continue to Climb
ATTOM has released the July 2023 U.S. Foreclosure Market Report showing foreclosure filings down 9% from a month ago.
10 Aug 2023
FEMA Major Disaster Declaration – Hawaii Wildfires
FEMA has issued a Major Disaster Declaration for the state of Hawaii in areas affected by wildfires beginning August 8, 2023 and continuing.
10 Aug 2023
Wildfires Burning in Hawaii, Fanned by Intense Winds, Force Evacuations
Evacuation orders were issued for several large wildfires in Lahaina, on Maui, Hawaii, caused by dry conditions and forceful winds from Hurricane Dora.
9 Aug 2023
Fannie REO Inventory Decreased in Q2
Fannie Mae reported their REO (real estate owned) inventory has decreased at the end of the second quarter of 2023.
9 Aug 2023
Freddie Mac Servicing Guide – Industry Pricing Update
An increase in the reimbursement expense limits for certain expense codes for the preservation and maintenance of vacant properties has been updated for Freddie Mac.
9 Aug 2023