Archives For: Industry Alert
Cincinnati Neighborhood Converts Vacant Historic Buildings into Affordable Housing
The Lower Price Hill Thrives project in Cincinnati, Ohio is set to deliver 47 new affordable housing units by renovating vacant properties in the neighborhood.
28 Nov 2022
Niskayuna Partners with Land Bank, County to Address Zombie Properties
Niskayuna is partnering with the Capital Region Land Bank and Schenectady County on a pilot program designed to swiftly address zombie properties in the town.
25 Nov 2022
Loans in Forbearance Increase for First Time in 29 Months
The number of loans in forbearance has increased for the first time in 29 months, new numbers by the Mortgage Bankers Association revealed.
22 Nov 2022
M&T Bank Commits $1.2 Million to Community Revitalization Programs in Pennsylvania
M&T Bank will provide more than $1.2 million to 42 initiatives aimed at servicing distressed communities or low-income neighborhoods in Pennsylvania.
22 Nov 2022
Black Knight: Mortgage Delinquency Rate Increased in October, Impacted by Hurricane
According to Black Knight’s First Look Report, the percentage of delinquent loans increased by 4.5% in October compared to September.
22 Nov 2022
The Nation’s Vacant Homes Present an Opportunity – and a Problem
As construction costs for new homes and interest rates continue to soar, vacant housing is drawing more attention as a shortcut to getting more units on the market.
22 Nov 2022
Mortgage Rates Retreat Below 7%
Mortgage rates dipped significantly this week, retreating below 7% for the 30-year fixed term, including FHA, VA and jumbo loans.
21 Nov 2022
Wake County Board Approves $35 Million for Affordable Housing
The Wake County, NC board unanimously voted to appropriate $35 million from the county’s existing American Rescue Act Plan to address housing instability.
21 Nov 2022
FEMA Major Disaster Declaration – South Carolina Hurricane Ian
FEMA has issued a Major Disaster Declaration for the state of South Carolina affected by Hurricane Ian from September 25 to October 4, 2022.
21 Nov 2022
FEMA Emergency Declaration – New York Severe Winter Storm and Snowstorm
FEMA has issued an Emergency Declaration for the state of New York in areas affected by a severe winter storm and snowstorm beginning November 18, 2022 and continuing.
20 Nov 2022