...currently in process, excluding legally vacant or abandoned properties. Also, the Administration will cease all evictions of persons from FHA-insured Single Family properties, excluding actions to evict occupants of legally...
Read More »Search Results for: vacant
Federal Housing Commissioner Shares Insight on CWCOT Changes, COVID-19
...announced by HUD in February. Changes to the program include: Providing for a second appraisal once a property becomes vacant Expanding the number of states for marketing services and auction...
Read More »Exclusive Preview: FHA Head to Discuss CWCOT, COVID-19
...to HUD with CWCOT in exchange for payment of mortgage-insurance benefits. The program also expedites the disposition of foreclosed properties and reduces the amount of time a property sits vacant....
Read More »Investing in the Future
...growing incomes, or Opportunity Zones. She noted that home prices should not be the lone economic indicator, as she referenced a study that found prices of depreciated property and vacant...
Read More »Industry Groups Applaud Bold Changes to CWCOT
...several years to expand this important program." HUD’s proposed CWCOT changes include: Providing for a second appraisal once a property becomes vacant Expanding the number of states for marketing services...
Read More »Homeownership on the Rise, Vacancies Drop
...0.4 percentage points from Q3 2019 but are similar to the rate reported a year ago. About 5.2% of single-family rental homes are vacant, while 7.4% of multi-family homes are...
Read More »Former HUD Secretary Castro Withdraws Presidential Bid
...abandoned properties. Delgado asked Castro to consider opening up a dialogue with the servicing industry to talk about vacant and abandoned properties. “I have a decent perspective on what you’re...
Read More »Philadelphia and Wells Fargo Reach $10M ‘Collaboration Agreement’
...$500,000 will go to Philadelphia’s land care program to help clear and maintain vacant lots. “The efforts funded through these grants are consistent with Wells Fargo’s broader philanthropic strategy, which...
Read More »Housing Growth Ticks Up
...that vacancy rates have been addressed. Builders have managed to sell off inventory, bringing the supply of finished vacant homes down to normal levels. Some builders were able to pass...
Read More »Mortgage & Property Preservation Leaders Discuss Servicing and Regulation
...how some government entities have taken an aggressive stance against mortgage servicers and lenders to remediate issues stemming from vacant properties. He suggested that the industry should be more proactive....
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