Habitat for Humanity Greater Birmingham teamed up with 11 builders to build 11 homes in one week. During this year’s Home Builders Blitz, 11 families achieved their dream of homeownership, thanks to the skilled labor provided by the local professional homebuilders and construction companies. AHFA was proud to help sponsor this year's blitz build.
The Mortgage Bankers Association is reporting that delinquency rates for mortgage loans have fallen to their lowest levels since second quarter 2007. The MBA National Delinquency Survey said the delinquency rate fell to 5.54 percent of all loans outstanding at the end of the first quarter, seasonally adjusted, down by 14 basis points from the previous quarter and 57 basis points from one year ago.
These national figures coincide with AHFA posting its lowest-ever delinquency ratios at the close of the first quarter of 2015.
ServiSolutions, the mortgage servicing department of AHFA, reported a total delinquency ratio of 3.9 percent as of March 31. This marks AHFA's lowest total delinquency ratio ever and a significant decrease from the average delinquency ratios of approximately 17 percent that were being reported when ServiSolutions acquired the portfolio and began servicing in 2005.
The Alabama Center for Real Estate (ACRE) is reporting continued improvement of Alabama residential home sales during the first quarter of 2015--an increase of 13 percent over the same period last year.
Total sales of 10,305 units represent the best first quarter since since 2007 (12,748 units).
The Alabama Housing Finance Authority is announcing the end of the limited-time Alabama Home Buyer Initiative (AHBI). AHFA allocated allotted funds to more than 1,600 homebuyers, generating approximately $243 million in home sales since the initiative’s introduction in March 2014.
A recent study by Corelogic, a global property information and analytic provider says Alabama is ranked 12th in the nation for delinquent mortgages.