Archives For: Industry Update
Federal Reserve Issues FOMC Statement
The Federal Reserve continued to battle inflation by raising its benchmark interest rate to the highest level in 15 years.
3 May 2023
HUD Allocated $382 Million to Help States Produce Affordable Housing
HUD has allocated $382 million through the nation’s Housing Trust Fund, an affordable housing program.
3 May 2023
Ginnie Mae Shares Further Details on the LIBOR Transition of LIBOR Classes of Ginnie Mae Multiclass Securities
Ginnie Mae will transition all outstanding LIBOR Classes of Ginnie Mae Multiclass Securities after June 30, 2023.
1 May 2023
Black Knight: US Mortgage Delinquency Rate Dropped Below 3% in March
The national mortgage delinquency rate dropped to 2.92% in March 2023 according to Black Knight’s First Look report.
24 Apr 2023
U.S. Foreclosure Activity Continues to Climb in Q1 2023
ATTOM has released its Q1 2023 U.S. Foreclosure Market Report, showing foreclosure filings up 6% from the previous quarter and up 22% from a year ago.
19 Apr 2023
FHFA Issues Notice of Proposed Rulemaking on Fair Lending Oversight
FHFA has announced that it is seeking comment on a proposed rule that would formalize many of the Agency’s existing practices regarding fair housing and fair lending oversight.
19 Apr 2023
Share of Mortgage Loans in Forbearance Decreases to .55% in March
The MBA monthly Loan Monitoring Survey revealed that the total number of loans in forbearance has decreased to .55%, down from .6% the previous month.
17 Apr 2023
FHA Seeks Feedback on Proposed Changes to Increase Access to Affordable Financing for Properties with Accessory Dwelling Units
FHA is working to update its requirements for insuring mortgages on single family homes with Accessory Dwelling Units to allow for more borrowers to qualify for financing.
13 Apr 2023
HUD Awards $98 Million in Choice Neighborhoods Implementation Grants and Opens New $10 Million Funding Opportunity for Local Planning Efforts
HUD Secretary Marcia Fudge has announced “Supplemental Grant” awards for Choice Neighborhoods Implementation Grantees totaling over $98 million.
11 Apr 2023
FHFA Announces Updated Equitable Housing Finance Plans for Fannie Mae and Freddie Mac
FHFA announced updates to Fannie Mae and Freddie Mac’s Equitable Housing Finance Plans for 2023.
5 Apr 2023