At the close of Q1 2023, Homeowner Assistance Fund programs made roughly $3.7 billion in payments to more than 318,000 homeowners at risk of foreclosure–a 50% increase over Q4 2022.
Read More »Ginnie Mae Unveils New Loan-Level LMI Disclosures for USDA-RHS Loans
"These additional disclosures highlight a uniquely impactful portion of our business and enable investors to measure and potentially expand their impact across these communities," said Sam Valverde, Principal EVP of Ginnie Mae.
Read More »Podcast Spotlight: Unpacking the State of the Servicing Space
In a recent episode of SitusAMC's On the Hill podcast, host Tim Rood sat down with Five Star Institute Lifetime Achievement Award Wes Iseley of Carrington Holding Company to discuss his 40-year career, his role with Carrington, and his outlook for the housing industry.
Read More »HUD Earmarks $3B-Plus to Combat Homelessness
HUD makes its largest-ever, single-year investment in fighting homelessness nationwide with its latest round of funding, awarded through the Department’s Continuum of Care Program.
Read More »Fannie Mae Fostering Workforce Diversity
The latest Environmental, Social, and Governance Report from the GSE finds that racial or ethnic minorities comprised 58% of Fannie Mae’s workforce in 2022, with women comprising 44% of that group.
Read More »OCC Reports Improvement in Q1 Mortgage Performance
Overall mortgage performance was on the upswing in the first quarter of 2023, as the OCC reported banks serviced approximately 12 million first-lien residential mortgage loans with $2.7 trillion in unpaid principal balances—representing 22% of all residential mortgage debt outstanding nationwide.
Read More »GSE REO Inventory on the Rise in Q1
In addition, a new report notes that Fannie Mae and Freddie Mac completed 58,268 foreclosure prevention actions in Q1 2023. Click through to read the other data from the GSEs’ Q1 2023 Foreclosure Prevention and Refinance Report.
Read More »Veterans Optimistic About Housing Opportunities
Most service members, while realistic about challenges they may face in the current housing landscape, feel a home purchase is ‘within reach’ according to a new survey from Veterans United Home Loans.
Read More »Aggregate 2022 Mortgage Lender Data Now Available to Review
The Federal Financial Institutions Examination Council (FFIEC) announced that data from 4,460 U.S. financial institutions on the state of 2022 mortgage lending activity as reported by the Home Mortgage Disclosure Act (HDMA) is now available to view.
Read More »Sen. Warren Reintroduces Bipartisan Military Housing Readiness Council Act
The bipartisan measure would provide a platform for oversight and accountability of privatized military housing to give military families a voice, and bring together experts to ensure military families have the safe housing they deserve.
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