Archives For: Industry Update
Melbourne Tech Company Crumbles: ProChamps Files for Liquidation
ProChamps has announced that it is filing as an assignee for the benefit of creditors, also known as an ABC.
29 Jun 2023
Mortgage Application Payments Increased 2.5% to $2,165 in May
MBA reported homebuyer affordability decreased further in May as the national median mortgage payment increased by 2.5% to $2,165.
29 Jun 2023
Black Knight: “Past-Due Mortgages Approach Recent Record Lows” in May
Black Knight’s First Look report shows the percentage of delinquent loans decreased by 6% in May compared to April.
23 Jun 2023
FHFA Releases 1st Quarter 2023 Foreclosure Prevention and Refinance Report
FHFA has released its first quarter 2023 Foreclosure Prevention and Refinance Report, showing the Enterprises completed more than 58,000 foreclosure prevention actions.
23 Jun 2023
HUD Introduces Office of Manufactured Housing Programs as New, Independent Office within Housing
HUD announced that it has created a new Office of Manufactured Housing Programs as an independent office reporting to Assistant Secretary Julia Gordon.
22 Jun 2023
Share of Mortgage Loans in Forbearance Decreases to .49% in May
The MBA monthly Loan Monitoring Survey revealed the total number of loans now in forbearance decreased to .49% as of May 31, 2023.
20 Jun 2023
The CFPB Intends to Identify Ways to Simplify and Streamline the Existing Mortgage Servicing Rules
The CFPB intends to identify ways to simplify and streamline the existing mortgage servicing rules as they play a critical role in assisting homeowners with repayment.
15 Jun 2023
FHA Launches New Resources to Remove Language Barriers for Borrowers
The Federal Housing Administration (FHA) is making available in Chinese, Korean, Spanish, Tagalog, and Vietnamese more than 30 single family mortgage documents and related resources used in the origination of FHA-insured mortgages.
13 Jun 2023
U.S. Foreclosure Activity Sees Spike in May 2023
ATTOM, a leading curator of land, property, and real estate data, today released its May 2023 U.S. Foreclosure Market Report, which shows there were a total of 35,196 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 7 percent from a month ago and up 14 percent from a year ago.
8 Jun 2023
Freddie Mac Adds Affordable Housing Program for Native Americans
Freddie Mac launched a new mortgage product titled HeritageOne to support members of Native American communities.
8 Jun 2023