Archives For: Industry Update
MBA: Mortgage Delinquencies Decrease in First Quarter
MBA reports that the delinquency rate decreased 54 basis points from the 4th quarter of 2021 and was down 227 basis points from one year ago.
5 May 2022
Agencies Issue Joint Proposal to Strengthen and Modernize Community Reinvestment Act Regulations
Federal bank regulatory agencies today jointly issued a proposal to strengthen and modernize regulations implementing the Community Reinvestment Act (CRA) to better achieve the purposes of the law.
5 May 2022
ICE to Buy Mortgage-Software Firm Black Knight for $13.1 Billion
Intercontinental Exchange Inc. has agreed to buy Black Knight Inc. in a deal valuing the mortgage software provider at about $13.1 billion
4 May 2022
Freddie Mac Promotes Longtime Exec to Lead Multifamily Unit
Freddie Mac announced it has promoted company veteran Kevin Palmer to head its Multifamily business beginning May 9.
3 May 2022
Freddie Mac Statement on 2022-2024 Duty to Serve Plan
Freddie Mac released a statement in support of the Federal Housing Finance Agency’s Duty to Serve (DTS) Plan announcement. The DTS Program sets an ambitious agenda for serving the manufactured housing, rural housing and affordable housing preservation markets.
27 Apr 2022
Supreme Court Allows Evictions to Resume During Pandemic
The Supreme Court is allowing evictions to resume across the United States. The unsigned opinion indicated that the Centers for Disease Control and Prevention lacked the authority under Federal law.
26 Aug 2021
Federal Judge Rejects Effort to Block Eviction Moratorium
The Hill published an article discussing a Washington, D.C., federal judge’s rejection of a landlord group’s request to block the Biden administration’s renewed eviction moratorium.
13 Aug 2021
Supreme Court Blocks Part of New York’s Eviction Moratorium
The Hill published an article outlining a Supreme Court decision temporarily blocking part of an eviction moratorium put in place by New York state amid the COVID-19 pandemic.
12 Aug 2021
A Congressional Call to Strengthen Foreclosure Protections
DS News published an article outlining recent actions made by Rep. Maxine Waters, Chairwoman of the House Financial Services Committee, urging regulators to strengthen foreclosure and mortgage servicing protections to prevent unnecessary foreclosures during the COIVD-19 pandemic.
6 Aug 2021
Court Finds Foreclosure Filing Fee Unconstitutional
DS News published an article authored by Anselmo Lindberg & Associates LLC Attorney Christopher S. Iaria. In it, Iaria explores a recent ruling by the Illinois Supreme Court that found a foreclosure filing fee to be in violation of free access, equal protection, due process and uniformity clauses.
5 Aug 2021