Archives For: Industry Update
States of Emergency: These are the Most Disaster Prone States in the US
Based on FEMA Major Disaster Declarations since 1953, Yahoo! Finance has ranked the most disaster prone US states.
2 Jun 2022
HUD and FHA Plan Events to Amplify Message During National Homeownership Month
HUD and FHA plan to hold a series of events throughout National Homeownership Month to align with the Biden-Harris initiative to increase homeownership.
2 Jun 2022
Black Knight: Mortgage Delinquency Rate Fell to 2.8 Percent in April
The national mortgage delinquency rate fell to a new record low in April – just 2.8% of all loans – according to Black Knight’s most recent First Look report.
31 May 2022
Biden to Send Extra Community Development Grants to Underserved Neighborhoods
As part of his equity agenda, President Biden wants to give the nation’s 100 most underserved areas nearly $2 million apiece in extra Community Development Block Grant funding, which can be used for purposes ranging from increasing affordable housing to renovating local parks.
31 May 2022
Freddie Mac Announces Automation of Key Underwriting Criteria
Freddie Mac has unveiled new automated underwriting capabilities that allow lenders to verify assets, income and employment using borrower-approved bank account data.
26 May 2022
Mayor Evans, Land Bank Celebrate Revitalization of Long-Vacant Home in Susan B. Anthony Neighborhood
The city of Rochester mayor and land bank celebrated the successful revitalization of a home that has been vacant for nearly 20 years in the Susan B. Anthony neighborhood.
26 May 2022
Forbearance Falls Below 1 Percent
MBA has estimated 470,000 homeowners remain in forbearance, bringing the total number of mortgage loans in forbearance below 1%.
23 May 2022
Neighborhood Groups Can Soon Apply for Vacant Land Improvement Funds
The city of Detroit and the Wayne Metro Community Agency are working to create the Neighborhood Beautification Program, which will allow Detroiters to apply for funding to repurpose vacant land in neighborhoods.
19 May 2022
President Biden Announces New Action to Ease the Burden of Housing Costs
President Biden is releasing a Housing Supply Action Plan to ease the burden of housing costs over time, by boosting the supply of quality housing in every community.
16 May 2022
CFPB Report Analyzes Servicer Data on Borrowers Exiting COVID Forbearance
CFPB reports that just 0.2% of loans are exiting COVID forbearance with a status of foreclosure, short sale or deed in lieu.
16 May 2022