Author: Alert team

Industry Update April 7, 2022 Source:  CNBC 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. The outage was one of the biggest in recent months for the island’s...

Industry Update April 7, 2022 Source:  Tampa Bay Times 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. For full report, please click the source link above.   ...

Industry Update March 30, 2022 Source:  National Mortgage News The Department of Housing and Urban Development issued a mortgagee letter aimed at clarifying contingencies around property protection and preservation reimbursement for loans that have a first legal foreclosure action filed on or after March 31. Confirmed as excluded from reimbursable...