Archives For: Industry Update
HUD Issues Fair Housing Act Guidance on Applications of Artificial Intelligence
HUD released two guidance documents addressing of the Fair Housing Act to two area in which the use of artificial intelligence poses concerns.
2 May 2024
CoreLogic: US Mortgage Delinquency, Foreclosure Rates Hover Near Historic Lows in February
CoreLogic reports that in February 2024, 2.8% of US mortgages were in some stage of delinquency, down year-over-year from February 2023.
25 Apr 2024
Share of Mortgage Loans in Forbearance Remains at .22% in March
The MBA monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance remained unchanged at .22% in March 2024.
22 Apr 2024
ICE First Look at Mortgage Performance: Serious Delinquencies at Lowest Since Mid-2006 as Foreclosures Drop, Prepayments Rise
ICE revealed its ‘First Look’ at March 2024 month-end mortgage performance, reporting the national delinquency rate dropped to 3.20%.
22 Apr 2024
Ginnie Mae President Alanna McCargo Announces Resignation
HUD announced that Alanna McCargo, President of Ginnie Mae, will resign on May 3. She has served in the Biden-Harris Administration since 2021.
19 Apr 2024
FHFA Releases Housing Mission Report for 2023
FHFA released the Housing Mission Report for 2023, describing activities by the GSEs and FHLBanks to promote access to affordable housing opportunities.
17 Apr 2024
Top 10 ZIPS with Highest Foreclosure Rates in Q1 and March 2024
ATTOM breaks down the top 10 U.S. zip codes with the highest rate of foreclosure for Q1 and March 2024.
12 Apr 2024
U.S. Foreclosure Activity Increases Quarterly in Q1 2024
ATTOM released its Q1 2024 U.S. Foreclosure Market Report, showing foreclosure filings up 3% from the previous quarter.
10 Apr 2024
FHFA Names Tracy Stephan as Chief Artificial Intelligence Officer
FHFA announced that Tracy Stephan will assume the role of Chief Artificial Intelligence Officer in addition to continuing her role leading the Office of Financial Technology.
9 Apr 2024
HUD Announces $10 Million Funding Opportunity for Community Revitalization Efforts
HUD announced a new funding opportunity through the FY24 Choice Neighborhoods Planning Grant to support planning to revitalize communities.
9 Apr 2024