Archives For: Industry Update
Zombie Foreclosures Keep Increasing but Remain a Tiny Presence Around Most of U.S.
ATTOM released its 2nd-quarter 2023 Vacant Property and Zombie Foreclosure Report showing that approximately 1.3 million residential properties in the US are vacant.
24 May 2023
Mixed Economic News Shows Rise in Mortgage Delinquencies, but Big Drop in Foreclosures
Black Knight reported the national mortgage delinquency rate rose by 13% in April, while foreclosure starts saw a decrease of 23%.
24 May 2023
Freddie Mac Expands Digital Capabilities to Help Lenders Reach More Qualified Borrowers
Freddie Mac announced enhancements to its automated income assessment tool that allows lenders to include a borrower’s digital paystub data.
22 May 2023
FHFA Looks to Update Fannie Mae and Freddie Mac’s Single-Family Pricing
FHFA is requesting public feedback regarding Fannie Mae and Freddie Mac’s single-family pricing framework.
17 May 2023
Share of Mortgage Loans in Forbearance Decreases to .51% in April
The MBA monthly Loan Monitoring Survey revealed that the total number of loans in forbearance has decreased from .55% in March to .51% in April.
15 May 2023
Mortgage Delinquency Rate in First-Quarter 2023 Declines to Second-Lowest Level in MBA’s Survey
MBA reported that the delinquency rate for mortgage loans on one-to-four-unit residential properties reached the second lowest quarterly rate since MBA’s survey began in 1979.
11 May 2023
Foreclosure Activity Nationwide Shows Slight Decline in April 2023
ATTOM has released its April 2023 U.S. Foreclosure Market Report, showing foreclosure filings decreased by 10% from last month.
11 May 2023
HUD Announces more than $837 Million to Improve Housing Quality and Reduce Energy Costs for Underserved Communities
HUD announced that new funding from the Inflation Reduction Act of 2022 will go towards making HUD-assisted housing more energy efficient.
11 May 2023
FHFA Announces Rescission of Enterprise Upfront Fees Based on Debt-To-Income Ratio
FHFA has rescinded the upfront fees based on borrowers’ DTI ratios for loans acquired by Fannie Mae and Freddie Mac.
10 May 2023
Fannie REO Inventory Essentially Unchanged in Q1
Fannie Mae reports that Real Estate Owned (REO) inventory is essentially unchanged in Q1 of 2023.
8 May 2023