Archives For: Industry Alert
FEMA Emergency Declaration – California Severe Winter Storms, Flooding, Landslides and Mudslides
FEMA has issued an Emergency Declaration for the state of California in areas affected by severe winter storms, flooding, landslides and mudslides beginning March 9, 2023 and continuing.
10 Mar 2023
New Tool to Address Vacant Homes Will Create Baltimore City Land Bank
Two Baltimore City councilors introduced a tool to expedite the acquisition and disposition of vacant and abandoned properties within the city.
10 Mar 2023
HUD Extends Loan Mod Option to 480 Months
HUD has published a Final Rule in the Federal Register to increase the maximum allowable term for FHA-insured loan modification from 360 months to 480 months.
9 Mar 2023
U.S. Foreclosure Activity Declines Monthly in February 2023 but Continues to Increase Annually
ATTOM has released the February 2023 U.S. Foreclosure Market Report, showing foreclosure filings down 3% from a month ago and up 18% from a year ago.
8 Mar 2023
Fannie Mae Announces SVC-2023-01 Servicing Guide Update
Fannie Mae has released the March Servicing Guide update, with changes to pre-foreclosure property preservation requirements.
8 Mar 2023
FEMA Major Disaster Declaration – Bear River Band of the Rohnerville Rancheria Earthquake
FEMA has issued a Major Disaster Declaration for the Bear River Band of the Rohnerville Rancheria in California to supplement tribal recovery efforts in areas affected by earthquakes from December 20, 2022 – January 1, 2023.
8 Mar 2023
FEMA Major Disaster Declaration – Tennessee Severe Winter Storm
FEMA has issued a Major Disaster Declaration for the state of Tennessee to supplement state, tribal and local recovery efforts in areas affected by a severe winter storm from December 22-27. 2022.
8 Mar 2023
CFPB Uncovers Illegal Junk Fees on Bank Accounts, Mortgages, and Student and Auto Loans
The Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights that reports on unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets, including in mortgage, student, and payday lending.
8 Mar 2023
Senators Introduce ‘Neighborhood Homes Investment Act’ to Expand Affordable Homeownership Opportunities and Revitalize Communities
The Neighborhood Homes Investment Act, introduced by senators from Maryland and Indiana, would create a new tax incentive that would produce starter homes in under-resourced communities over the next decade.
7 Mar 2023
Land Bank Sales Point a Way Toward Neighborhood Revitalization
The Niagara Orleans Regional Land Improvement Corp. sold two properties to a developer who will renovate and sell them as single-family homes, driving revitalization within two city neighborhoods.
7 Mar 2023