Archives For: news release
FHA Adds 40-Year Mortgage Modification with Partial Claim to Home Retention Options for Struggling Borrowers
FHA has announced a 40-year mortgage modification available to servicers to help borrowers struggling with the effects of the pandemic.
18 Apr 2022
Plan to Eliminate Vacant Properties in St. Louis Moves to Senate
A bill to eliminate vacant properties throughout St. Louis was passed by the Missouri House of Representatives last week.
15 Apr 2022
Current Mortgage Rates Hit 5% for the First Time in a Decade
The average interest rate on a 30-year fixed-rate mortgage has climbed to 5% for the first time in more than 10 years, according to Freddie Mac.
14 Apr 2022
Legislature Advances Bill to Create Maine Redevelopment Land Bank Authority
A bill that would create a statewide land bank for bringing properties into more productive uses has advanced through the state Legislature and has received overwhelming bipartisan support.
13 Apr 2022
Puerto Rico Plunged into Darkness after Power Station Fire
A major power outage hit Puerto Rico late Wednesday, plunging nearly 350,000 customers into darkness after a fire erupted at one of the largest power plants in the U.S. territory.
7 Apr 2022
St. Petersburg is Transforming Vacant Lots into Affordable Housing
By dealing aggressively with the owners of dilapidated homes and vacant lots, St. Petersburg has improved its housing stock — and is transforming some vacant lots into affordable housing in the process.
7 Apr 2022
City, Partners Present Updated Framework for Tackling Flint’s Blight
The city of Flint, the Genesee County Land Bank Authority, and the Flint Police Foundation shared a new $154 million, five-year framework to address the city’s blight.
6 Apr 2022
Fannie Mae Introduces Expanded Housing Choice Initiative to Increase Access to Affordable Housing
Fannie Mae announced its Expanded Housing Choice initiative, providing a new pricing incentive for Texas and North Carolina multifamily property owners who accept U.S. Department of Housing and Urban Development Housing Choice Vouchers.
4 Apr 2022
Thompson says FHFA is Preparing GSEs for End of Conservatorship
The Federal Housing Finance Agency is preparing the government-sponsored enterprises for life after conservatorship, acting director Sandra Thompson said Thursday.
1 Apr 2022
McKee Announces $5 Million to Address Rhode Island Blight
Governor Dan McKee announced more than $5 million will be allocated to revitalize blighted and vacant properties in Central Falls and Providence areas of Rhode Island.
1 Apr 2022