DS News Webcast: Thursday 12/5/2013

first_img Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Mortgage Rates See Sharp Increases Next: Estimated Time to Clear Distressed Inventory Rises Demand Propels Home Prices Upward 2 days ago December 5, 2013 606 Views Share Save 2013-12-05 DSNews  Print This Post Related Articles Servicers Navigate the Post-Pandemic World 2 days ago in Featured, Media, Webcasts About Author: DSNews Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Featured / DS News Webcast: Thursday 12/5/2013 The Best Markets For Residential Property Investors 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago DS News Webcast: Thursday 12/5/2013 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

Industry Groups Oppose ‘Piecemeal’ GSE Reform

first_img Previous: Baby Boomers in Position to Control Market’s Direction Next: DS News Webcast: Thursday 6/9/2016 The Week Ahead: Nearing the Forbearance Exit 2 days ago June 8, 2016 1,159 Views Servicers Navigate the Post-Pandemic World 2 days ago Share Save Fannie Mae FHFA Freddie Mac Mel Watt 2016-06-08 Brian Honea Tagged with: Fannie Mae FHFA Freddie Mac Mel Watt Industry Groups Oppose ‘Piecemeal’ GSE Reform Related Articles Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland.  Print This Post in Daily Dose, Featured, News, Secondary Marketcenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago A group of five industry organizations that include the National Association of Realtors (NAR) and the National Association of Home Builders (NAHB) have written a letter to FHFA Director Mel Watt on Wednesday opposing what they call the ‘piecemeal’ approach to GSE reform and urging the director to put Fannie Mae’s and Freddie Mac’s fate in the hands of Congress.Whereas many lawmakers, civil rights groups, and housing advocates over the last year have opined that the GSEs’ status quo cannot continue without putting taxpayers at significant risk, this group that wrote the letter on Wednesday rejected that ideology. Congress, they said, should handle any type of comprehensive reform to the secondary market.The groups also encouraged Watt not to make any further changes to the Preferred Stock Purchase Agreements (PSPAs), which originally required that the GSEs pay Treasury a 10 percent fixed rate dividend per year after Treasury bailed out Fannie Mae and Freddie Mac for $187.5 billion in September 2008. The highly controversial Third Amendment to the PSPAs, enacted in August 2012, required all of the GSE profits to be swept into Treasury and also required the GSEs’ capital buffer to be reduced to zero by January 1, 2018, causing no small amount of consternation in the industry. The Third Amendment has also prompted nearly two-dozen lawsuits from GSE investors who claim the profit sweep is illegal.”We believe that the current state of conservatorship has provided stability, but policymakers and stakeholders need to continue to work together on the important efforts to advance housing finance reform through a legislative solution,” they wrote. “Absent reform, we run the risk of continuing to kick the can down the road without ensuring ongoing access to mortgage credit for millions of future homeowners.”Instead, the groups urged policymakers to correcting structural flaws that led to the housing crash, which they said was the only way to protect taxpayers, preserve access to credit, and ensure a stable housing finance system.”Our collective push for comprehensive reform is to ensure that any changes maintain the ongoing sustainability of the housing finance system and directly benefits consumers, rather than the balance sheets of private companies,” the groups wrote. “A piecemeal approach to reform through further amendments to the Preferred Stock Purchase Agreements (PSPAs) will not resolve these issues.”The groups said the PSPAs “provide an adequate backstop to allow Congress to complete the last piece of unfinished business from the financial crisis. Detours from this long-term goal would be counterproductive.”In the letter, the groups pointed out the progress the FHFA has made toward correcting flaws in the GSEs’ operations that “distorted the market pre-crisis,” including the work toward a single security and developing a common securitization platform.”However, without collaboration on comprehensive GSE reform, the important work FHFA has accomplished is at risk,” the groups wrote. “Furthermore, important reforms remain incomplete.”The five groups to sign the letter were (alphabetically) American Bankers Association, Mortgage Bankers Association, National Association of Home Builders, National Association of Realtors, and National Housing Conference.Click here to view a copy of the letter. Home / Daily Dose / Industry Groups Oppose ‘Piecemeal’ GSE Reformlast_img read more

Mortgage Delinquencies Experience First Increase in Seven Years

first_imgHome / Daily Dose / Mortgage Delinquencies Experience First Increase in Seven Years  Print This Post The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Black Knight Inc. released its First Look report Thursday highlighting the main causes of past-due mortgages in September 2017. This data was pulled from Black Knight’s loan-level database, which represents the majority of the national mortgage market.September experienced its first annual rise in mortgage delinquencies since July 2010, mainly as a result of hurricane impact, to 4.40 percent according to Black Knight. Over 2.6 million properties are 30 or more days past-due but not in foreclosure in September 2017; 80,000 more than the same time last year.  .    While non-current mortgages jumped by 9 percent month-over-month, or roughly 214,000, mainly driven from Hurricanes Harvey and Irma, monthly foreclosure starts were at their lowest in more than 17 years. Areas covered by post-foreclosure action moratoriums experienced starts as low as 90 percent, with total foreclosure starts landing at 45,200 in September and decreasing 17.4 percent month-over-month.DS News reached out to Black Knight for a comment on Florida’s improving non-current rates prior to Hurricane Irma: “Florida had the highest non-current mortgage rates of any state for almost five full years–from September 2008 through August 2013. The state’s solid improvement in the years since has helped it climb from number 50 among all states ranked by lowest share of past due mortgages to 28th. In the wake of Irma, Florida has seen–thus far–a 47 percent jump in its non-current rate, dropping it all the way back to 47th place. The rise in Florida’s non-current rate is likely to continue in October.”Total U.S. loan delinquency increased 11.85 percent compared to August 2017, with the number of properties 30 or more days past due without being in foreclosure landing at 2.25 million, up 242,000 compared to August. Total U.S. foreclosure pre-sale inventory dropped 0.7 percent and fell 30.1 percent year-over-year.  FEMA-declared hurricane disaster areas accounted for the bulk of increases with non-current inventory raising by 84,000 or 48 percent in Irma disaster areas and 52,000 or 67 percent in areas related to Harvey.Prior to the hurricanes, Florida and Texas were ranked 22nd and 20th by non-current mortgage rates; these states have since jumped to 5th and 3rd respectively.The full datasets can be viewed here. Tagged with: Black Knight Inc Delinquency Financial First Look Loan report Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: ARMS Vs. FRMS—Which Loan Comes Out on Top? Next: DIMONT Announces Expanding Staff Demand Propels Home Prices Upward 2 days ago Mortgage Delinquencies Experience First Increase in Seven Years in Daily Dose, Featured, Journal, Market Studies Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Black Knight Inc Delinquency Financial First Look Loan report 2017-10-19 Staff Writer Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Staff Writer Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago October 19, 2017 2,056 Views Subscribelast_img read more

Comparing Foreclosure Rates

first_img Demand Propels Home Prices Upward 2 days ago Black Knight Foreclosures Homebuyers Homeowners loans mortgage Refinance 2018-11-05 Radhika Ojha Comparing Foreclosure Rates Tagged with: Black Knight Foreclosures Homebuyers Homeowners loans mortgage Refinance Home / Daily Dose / Comparing Foreclosure Rates Previous: MBS Trends Are Changing Next: The Equality Affirmation Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. The Best Markets For Residential Property Investors 2 days ago About Author: Radhika Ojha in Daily Dose, Featured, Foreclosure, News The national inventory of loans in active foreclosure fell to pre-recession levels for the first time since the financial crisis in September, according to Black Knight’s Mortgage Monitor report that was released on Monday.The report revealed that when today’s foreclosure rates were taken into account along with “the fact that there are 16 percent more active mortgages today than the 2000-2005 average, relatively speaking foreclosure inventory is actually 40,800 below pre-recession norms.” As a result, if the current rate of foreclosure reduction continued, active foreclosure inventory would hit a record low in September 2019 with fewer than 200,000 cases nationwide.The Black Knight report also looked at how the increasing mortgage rates were affecting homebuyers and new homeowners. In September, the report revealed, only 1.86 million mortgage holders had an interest rate incentive to refinance indicating a 56 percent decrease from the start of the year. According to the report an estimated 6.5 million homeowners had missed their opportunity to refinance their mortgages due to rising rates, for an aggregate of $1.5 billion in missed savings per month.”On average, these homeowners had a 22-month window to refinance. All told, that amounts to an aggregate of $1.5 billion in lost savings every month for these borrowers,” said Ben Graboske, EVP of Black Knight’s Data and Analytics Division. “This year alone, 2.2 million borrowers had the opportunity to see a 0.75 percent reduction on their first mortgage rates but did not take advantage of the reduced rates before increases to the 30-year fixed rate removed their incentive.”Homebuyers too were facing an affordability challenge with the median income to make the monthly payment on the average-priced home rising to 23.6 percent compared to the long-term benchmark of 25.1 percent. “The monthly principal and interest payment needed to purchase the average-priced home has seen a $190 per month increase since the beginning of 2018, an 18 percent jump,” Graboske said. Additionally, at the start of 2018, only two states, California and Hawaii, were less affordable than their long-term norms. But by October, the number had risen to 10 states passing that benchmark and another six were within 1 percent of long-term affordability levels.Read the detailed Black Knight Mortgage Monitor report here. Subscribecenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Sign up for DS News Daily Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago November 5, 2018 3,639 Views Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

FHFA Director Mark Calabria’s Plan for Conservatorship

first_img Previous: A Data-Driven Approach to Neighborhood Stabilization Next: What’s Holding Black Homeownership Back? Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, News, Secondary Market Data Provider Black Knight to Acquire Top of Mind 2 days ago May 21, 2019 2,967 Views Demand Propels Home Prices Upward 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Tagged with: Calabria Fannie Mae FHFA Freddie Mac Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / FHFA Director Mark Calabria’s Plan for Conservatorship Calabria Fannie Mae FHFA Freddie Mac 2019-05-21 Seth Welborn About Author: Seth Welborn The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Share Save FHFA Director Mark Calabria’s Plan for Conservatorship Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Federal Housing Finance Agency (FHFA) Director Mark Calabria is aiming for privatization of Fannie Mae and Freddie Mac, and in this Video Spotlight, Calabria talks with CNBC’s Diana Olick about the hurdles in the way of taking Fannie and Freddie out of conservatorship.Calabria states that he does not intend to wait for Congress to pull Fannie and Freddie out of conservatorship. Calabria also discusses how the FHFA will need to look at other ways to build capital before pulling the GSEs, and what shareholders may or may not need to worry about in the near future.“If I can end the sweep, reach some changes to the share of Treasury, we can get them out of conservatorship, we can start to build capital, I can start to monitor loan quality, get them in a safe and sound fashion,” Calabris stated. “There’s a lot I can’t do: I can’t create competition, I can’t create a guarantee, those are going to be in the hands of Congress. I’m going to call for those things, but Congress has to play its part.”In another interview with the Wall Street Journal, Calabria stated that he wants to out the now-profitable GSEs back into private hands, something that has been tried and failed by lawmakers in the past.“I see my goal as setting a path to end the conservatorship” for the companies he said, adding, “they have to be stronger, healthier companies” compared to before the 2008 housing crisis.“My objective is to get us to a spot where we don’t have to worry about the system blowing itself up,” he addedCalabria stated that he is awaiting completion of plans ordered by President Donald Trump to refashion the mortgage system, set to be completed around June.Among Calabria’s concerns is the “qualified mortgage patch,” which allows more highly leveraged homebuyers to obtain Fannie and Freddie-eligible mortgages. Patch usage has grown in the last few years, and according to Calabria, changing the patch would be a key tool to shrink Fannie and Freddie without a full overhaul, though he states that he does not intend to do away with it entirely. Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Man arrested after Portrush death

first_img By News Highland – December 17, 2011 LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Newsx Adverts Facebook WhatsApp Google+ Google+ Facebook Almost 10,000 appointments cancelled in Saolta Hospital Group this week Pinterest Previous articleMan accused of depriving people of savings was “making money for the work of God”Next articleCope welcomes outcome of EU fishing quota negotiations News Highland Guidelines for reopening of hospitality sector published center_img Man arrested after Portrush death WhatsApp Twitter Calls for maternity restrictions to be lifted at LUH Three factors driving Donegal housing market – Robinson Pinterest RELATED ARTICLESMORE FROM AUTHOR A 34 year old man has been arrested followeing the death of a 48 year old man at an enmtertainment complex in Portrush.The man died after falling down stairs at the Playhouse on Main Street in the early hours of this morning.Police are investigasting, and are asking anyone who witnessed an altercation outside the Playhouse shortly before 1 o’clock this morning to contact them. Twitter Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

Man sent for trial for killing Donegal journalist Eugene Moloney

first_img Pinterest Facebook By News Highland – October 17, 2012 Facebook Calls for maternity restrictions to be lifted at LUH Pinterest News WhatsApp Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Almost 10,000 appointments cancelled in Saolta Hospital Group this week Need for issues with Mica redress scheme to be addressed raised in Seanad also A man charged with the manslaughter of journalist Eugene Moloney has been sent forward for trial.21 year old trainee mechanic Gary Burch of Kennington Close, Templeogue in Dublin is accused of killing the 55 year old last June.Eugene Moloney received a blow to the head while walking home on Camden Street in Dublin city centre in the early hours of June 24th.The former Irish Independent reporter was rushed to St James’s Hospital where he was pronounced dead.Two days later trainee mechanic Gary Burch was charged with the journalist’s manslaughter.Today the court heard he has been served with the book of evidence.Judge Victor Blake has sent him forward for trial to the current sittings of Dublin Circuit Criminal Court.The 21-year-old has not applied for bail and has been further remanded in custody.center_img Google+ WhatsApp Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter Previous articleArranmore Lifeboat launched to assist small fishing boatNext articleInishowen Community Radio shut down News Highland Twitter RELATED ARTICLESMORE FROM AUTHOR Man sent for trial for killing Donegal journalist Eugene Moloney Guidelines for reopening of hospitality sector published last_img read more

Varadkar says no extra money is available for LGH waiting lists

first_img By News Highland – February 26, 2015 Facebook Previous articleSFPA confirm investigation as Donegal oysters are linked to Hong Kong norovirus incidentNext articleMinister to discuss concerns of seasonal workers in South West Donegal News Highland Google+ Need for issues with Mica redress scheme to be addressed raised in Seanad also Minister McConalogue says he is working to improve fishing quota Health Minister Leo Varadkar says there will be no extra money available for waiting lists at Letterkenny General Hospital.Donegal North East Deputy Charlie Mc Conalogue has been campaigning for some time to have special consideration given to over 1,300 people in Donegal who were on the government’s waiting list initiative up to 2013, and have been returned to the local list.Deputy Mc Conalogue says while half of those referred were treated, the rest were not, and they should not be disadvantaged.However, Minister Leo Varadkar said he has no extra money available, and stressed that people are not being disadvantaged ……..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/02/leov1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest Google+ Facebook Twitter WhatsAppcenter_img Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Varadkar says no extra money is available for LGH waiting lists Pinterest RELATED ARTICLESMORE FROM AUTHOR Almost 10,000 appointments cancelled in Saolta Hospital Group this week Homepage BannerNews Twitter WhatsApp 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Reportlast_img read more

Kenny quits Derry City to manage Shamrock Rovers

first_img WhatsApp As expected, Derry City’s manager Stephen Kenny has confirmed he’s leaving the club.Stephen Kenny will become manager of Shamrock Rovers. He’ll replace Michael O’Neill, who is set to named new Northern Ireland manager.Kenny, in his second spell at Derry, had been contracted to Derry City for another season, and had been offered a contract extension.It is believed that Rovers will play Derry City compensation for Kenny’s services. Facebook HSE warns of ‘widespread cancellations’ of appointments next week Twitter Google+ Dail hears questions over design, funding and operation of Mica redress scheme Twitter Previous articleTwo Donegal salmon fishing rivers to close in 2012Next articleFears grow for Lifford Hospital as HSE puts final touches to service plan News Highland Newsx Adverts Pinterest RELATED ARTICLESMORE FROM AUTHORcenter_img Pinterest By News Highland – December 24, 2011 PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Kenny quits Derry City to manage Shamrock Rovers Google+ Watch: The Nine Til Noon Show LIVE Man arrested in Derry on suspicion of drugs and criminal property offences released Dail to vote later on extending emergency Covid powers WhatsApp Facebooklast_img read more

FSA urges restaurants to comply with allergen info regulations

first_img Man arrested on suspicion of drugs and criminal property offences in Derry Google+ Twitter WhatsApp RELATED ARTICLESMORE FROM AUTHOR Pinterest Facebook Twitter By admin – November 10, 2015 Facebook Google+ WhatsAppcenter_img News FSA urges restaurants to comply with allergen info regulations Previous articleMan guilty of speeds of up to 140kph in garda chase gets suspended sentenceNext articleLetterkenny General Management outline action taken since damning HIQA report admin Restaurants and food outlets in Donegal are being reminded that it is now a legal requirement to give information about the presence of potantial allergens in food.Since the beginning of the year, there’s been a legal requirement on restaurants to provide information on the presence of ingredients such as nuts, gluten, milk, eggs and shellfish.In total, the Food Safety Authority has identified 14 different items people should be advised about.Information Executive Helen Crowley says the authority is working to ensure compliance, and while the FSA would prefer not to take a heavy handed approach, they are disappointed with the slow rate of compliance since the regulations were introduced………..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/11/fsa1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest 365 additional cases of Covid-19 in Republic 75 positive cases of Covid confirmed in North Further drop in people receiving PUP in Donegal Main Evening News, Sport and Obituaries Tuesday May 25th Gardai continue to investigate Kilmacrennan firelast_img read more