Author: Alert team

Industry Update October 20, 2021 Source: RisMedia.com As expected, the end of federal protections in September has coincided with a significant uptick in foreclosures, as default notices, scheduled auctions or bank repossessions spiked 34% in Q3 of this year according to a new report from ATTOM Data Solutions®, potentially...

Investor Update October 15, 2021 Source: Freddie Mac Freddie Mac (OTCQB: FMCC) today predicted the continued strength of the single-family housing market even as mortgage rates are expected to modestly increase and home prices rise. A new Quarterly Forecast released by the company’s Chief Economist estimates continued levels of homebuyer demand and...

Industry Update October 14, 2021 Source: National Mortgage Professional The Government National Mortgage Association (Ginnie Mae) issued a record $939 billion in mortgage-backed securities (MBS) during fiscal year 2021, the association said today. That included approximately $73 billion issued during September, the association said in a news release. The record MBS...

Industry Update October 13, 2021 Source: blackhillsfox.com ATTOM, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac, the largest online marketplace for foreclosure and distressed properties, released its Q3 2021 U.S. Foreclosure Market Report, which shows there were a total of 45,517 U.S. properties with...

FEMA Alert October 13, 2021 FEMA issued a Fire Management Assistance Declaration for areas in California affected by the Alisal Fire that started October 12, 2021 and continues. The following county has been approved for assistance: Public Assistance Santa Barbara California Alisal Fire   Additional Resources FEMA’s web site FEMA’s Disaster Declaration Process HUD...

Industry Update October 12, 2021 Source: Mortgage News Daily While one million homeowners have not made a mortgage payment in 12 months, CoreLogic says about half of the nation’s delinquencies are borrowers who are six months or more past due. Many of these are still leaning on options such...

FEMA Alert October 8, 2021 FEMA issued a Presidential Major Disaster Declaration for areas in New York affected by Tropical Storm Fred that took place August 18-19, 2021. The following counties have been approved for assistance: Public Assistance Allegany Cayuga Cortland Lewis Oneida Steuben Tioga Yates New York Remnants...

Industry Update October 11, 2021 Source: FloridaRealtors.org The Biden administration is trying to prevent evictions from public housing for nonpayment of rent, seeking to shore up protections following the end of the nationwide eviction moratorium. Under a new rule from the Department of Housing and Urban Development (HUD), tenants in...