Archives For: Industry Update
Mortgage Rates Hit 20-Year High
The 30-year fixed-rate mortgage averaged 6.92% last week as rates climbed to the highest they have been since April 2002.
13 Oct 2022
U.S. Foreclosure Activity Continues to Increase Quarterly Nearing Pre-Pandemic Levels
ATTOM released it’s Q3 2022 US Foreclosure Market Report showing foreclosures up 3% from the previous quarter and 104% from a year ago.
13 Oct 2022
Proposed Bill Aimed to Fight Blight Paused after Concerns about Execution
Baltimore city leaders are working on a bill that would fine vacant property owners for every emergency at their property after the first in a year’s span.
11 Oct 2022
Reading Council Hears Plan for Land Bank to Fight Blight
Reading, PA city council is considering a proposal from the city’s community development director to create a land bank to address blight.
10 Oct 2022
Clarifire, IndiSoft Loop HUD Loss Reduction Consultants
Clarifire and IndiSoft announced a collaboration on technology that facilitates third-party advice in the loss mitigation process
4 Oct 2022
HUD Marks 10th Anniversary of the Office of Housing Counseling
HUD’s Office of Housing Counseling marks its 10th anniversary by celebrating the contributions in helping individuals and families obtain safe, sustainable housing.
3 Oct 2022
Fannie Mae Announces Priscilla Almodovar as Chief Executive Officer
Fannie Mae announced that it has appointed Priscilla Almodovar as CEO and member of the Board of Directors, effective December 5, 2022.
29 Sep 2022
FHA Expands Access to Homeownership for First-Time Homebuyers who have Positive Rental History
FHA has announced that it will begin to permit inclusion of a first-time homebuyer’s positive rental payment history as an additional factor in mortgage qualification.
27 Sep 2022
Freddie Mac: Mortgage Serious Delinquency Rate Decreased in August
Freddie Mac reported that the Single-Family serious delinquency rate in August was 0.70%, down from 0.73% July. Freddie’s rate is down year-over-year from 1.62% in August 2021.
26 Sep 2022
Black Knight’s First Look at August 2022 Mortgage Data
Black Knight, Inc. reports the following “first look” at August 2022 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
23 Sep 2022