DS News Webcast: Thursday 8/28/2014

first_img DS News Webcast: Thursday 8/28/2014 The Best Markets For Residential Property Investors 2 days ago Previous: Report: Annual Rate of Home Sales Falling Next: Influential Leader in Housing Shines Light on Servicing Is Rise in Forbearance Volume Cause for Concern? 2 days ago August 27, 2014 525 Views Subscribe 2014-08-27 Jordan Funderburk Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Foreclosure activity was down all over the nation in July, particularly in the area of foreclosure inventory – homes that are in any stage of the foreclosure process – where there was a 34.4 percent drop from July 2013, according to CoreLogic’s July 2014 National Foreclosure Report released earlier this week.CoreLogic reported a foreclosure inventory of about 640,000 for July 2014 compared to 976,000 in July 2013. Analysts believe that number could drop to as low as 500,000 by the end of the year based on current trends.In July 2014, there were approximately 45,000 foreclosures completed, a decline of 21.2 percent from July 2013. Month-over-month, the number of completed foreclosures fell by 8.5 percent. The number of completed foreclosures is dropping but still has a way to get back to its pre-2007 levels, before the decline of the housing market. The nation averaged about 21,000 completed foreclosures per month from 2000 to 2006. Since the beginning of the financial crisis in 2008, approximately 5.1 million foreclosures have been completed nationwide.Boosted by an increase in secondary market purchases and a decline in sales, Freddie Mac’s portfolio grew for the first time this year in July. In its July 2014 Monthly Volume Summary released on earlier this week, the mortgage giant reported 0.1 percent annualized growth in its total mortgage portfolio last month—a turnaround after six straight months of declines. Year-to-date, the portfolio’s annualized growth rate is minus 1.7 percent. As of July 31, Freddie Mac’s portfolio value was up still slightly under $1.9 trillion. About Author: Jordan Funderburk Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago Home / Featured / DS News Webcast: Thursday 8/28/2014 Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Featured, Media, Webcasts Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

FHFA: Here’s What HAMP Borrowers Facing Resets Can Do

first_img Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Tagged with: Fannie Mae Freddie Mac HAMP Loan Modifications Home / Daily Dose / FHFA: Here’s What HAMP Borrowers Facing Resets Can Do Fannie Mae Freddie Mac HAMP Loan Modifications 2016-06-15 Brian Honea 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 Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Share Savecenter_img FHFA: Here’s What HAMP Borrowers Facing Resets Can Do Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Loss Mitigation, News Sign up for DS News Daily Fannie Mae and Freddie Mac have offered several possible solutions for borrowers who received modifications through the government’s Home Affordable Modification Program (HAMP) who are facing increased monthly payments when the interest rates on their modifications reset, according to the FHFA’s 2015 Annual Report to Congress released on Wednesday.The government launched HAMP in February 2009 in response to the crisis as a way for delinquent borrowers to avoid foreclosure. Since then, the program has helped approximately 1.8 million families and completed approximately 2.3 million homeowner assistance actions. HAMP is set to expire at the end of this year.Under the terms of HAMP, five years after receiving a modification, homeowners will see the interest rate increase by 1 percentage point each year until it reaches the market rate in place at the time they received their modification. According to Treasury, the typical HAMP homeowner will experience two to three step-ups; the nationwide median payment increase after the first step-up is $93, while the median payment increase after the final step-up is around $206.According to the FHFA’s annual report to Congress, in January 2015, the Agency directed the GSEs to implement a $5,000 pay-for-performance incentive to reduce the outstanding principal for HAMP borrowers who have remained in good standing through the end of the sixth year of their modification. The FHFA then made two changes to its Streamlined Modification products; in March, the period of time for which a borrower who recently experienced an interest rate reset must have been delinquent in order to receive a modification was reduced from 90 days to 60 days, and then in May the sunset date for all Streamlined Modification products was eliminated.“One of the reasons for ensuring the continuing availability of this loss mitigation tool is its role as a solution for HAMP borrowers who face rate resets,” FHFA said in its report.Also according to FHFA, during 2015 Fannie Mae and Freddie Mac identified approximately 16,000 HAMP borrowers facing resets who were eligible for a refinance through the government’s Home Affordable Refinance Program (HARP), which is also set to expire at the end of 2016. The GSEs provided servicers with information that would enable them to solicit these borrowers for HARP, according to FHFA.Treasury has been monitoring HAMP data closely and has created a three-pronged safety net to help borrowers should they struggle with a step-up to avoid re-defaulting. The prongs are one, requiring servicers to notify borrowers at two separate time points that a step-up is imminent (no less than 120 days from first rate increase and at least 60 days prior to first increase); the second is introducing post-modification counseling for borrowers who are at risk of re-default and have missed a payment; and the third is an enhanced suite of tools which include increased incentives for remaining current and improved HAMP Tier 2 modification options.Click here to view the entire FHFA Annual Report to Congress for 2015. Previous: Can Banks and Fintechs Live in Harmony? Next: Nearly Half of Foreclosures Wrapped up in Five States June 15, 2016 2,829 Views The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

FHFA Amends Affordable Housing Regs

first_img Previous: What Stops Some Millennials From Owning Next: Appraisal Threshold for Residential Real Estate Loans Could Shift  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Tagged with: Affordable Housing Program AHP Federal Housing Finance Agency FHFA FHLBanks Mel Watt November 21, 2018 2,041 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The Best Markets For Residential Property Investors 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 The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img in Daily Dose, Featured, Government, Journal, News Servicers Navigate the Post-Pandemic World 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Demand Propels Home Prices Upward 2 days ago About Author: David Wharton FHFA Amends Affordable Housing Regs Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Affordable Housing Program AHP Federal Housing Finance Agency FHFA FHLBanks Mel Watt 2018-11-21 David Wharton The Federal Housing Finance Agency (FHFA) this week issued a Final Rule amending its regulations regarding the Federal Home Loan Banks’ (FHLBanks) Affordable Housing Program (AHP). FHFA said that the amended ruling was intended to provide FHLBanks with additional flexibility when it comes to how they choose to work alongside their Advisory Councils in order “to allocate their AHP funds and to design their project selection scoring systems to address affordable housing needs in their districts.”FHFA stated that these latest amendments are also intended to make the AHP easier to use, to reduce “regulatory monitoring requirements that are redundant with other federal programs.” The rule authorizes FHLBanks to set up “competitive funds” designed to target specific affordable housing needs in their districts.According to FHFA’s statement, the Final Rule also “removes the requirement for retention agreements for owner-occupied units where the AHP subsidy is used solely for rehabilitation and reduces administrative and financial burdens on FHLBanks, members, and households related to calculating and obtaining household subsidy repayments.”“We appreciate the thoughtful comments we received on the proposed rule and implemented many of those suggestions,” said FHFA Director Melvin L. Watt.  “We believe that those suggestions incorporated into the final rule will help to further strengthen this important program, which has supported more than one million units of housing affordable to low-income homebuyers and renters since its inception in 1990.”FHLBanks are required to implement all changes introduced by the Final Rule no later than by January 1, 2021. However, changes related to owner-occupied retention agreement requirements must be implemented by January 1, 2020.For anyone interested in learning more about the new FHFA Final Rule, the Agency will be hosting a webinar at 2 p.m. EST on Thursday, December 13. You can submit questions for the webinar in advance by emailing them to [email protected], and you can register for the FHLBanks Affordable Housing Program Final Rule Webinar by clicking here.The FHFA statement noted that FHLBanks’ net income generated $384 million in AHP funding in 2017. Home / Daily Dose / FHFA Amends Affordable Housing Regs Subscribelast_img read more

Examining Home Price Growth

first_imgHome / Daily Dose / Examining Home Price Growth Tagged with: Home Price Housing Market 2019 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Share 1Save Home Price Housing Market 2019 2019-10-01 Mike Albanese Related Articles CoreLogic’s Home Price Index Report (HPI) reveals home prices nationally rose 3.6% annually in August are expected to rise 5.8% over the next year. August’s HPI gain was down, though, from August 2018’s gain of 5.5% and was a slight increase of the prior month’s increase of 3.3%. CoreLogic states home prices have been increasing between 3.2% to 3.6% for the past six months, “indicating that the range of home price growth has plateaued.” The lowest price housing tier saw home prices rise 5.5% year-over-year in August 2019, compared to 4.5% growth for the low-to middle-price tier and 3.9% for the middle-to moderate-price tier. Prices for higher priced homes rose 3.2%. Overall, the HPI has increased annually every month since February 2012 and has gained 61.9% since hitting bottom in March 2011. According to CoreLogic, as of August 2019 the overall HPI was 9% higher than its pre-crisis peak in April 2006. Idaho led the nation in appreciation for the eleventh-consecutive month, with annual appreciate of 11.6% in August. Connecticut was the only state with home price depreciation in August, falling 0.5% from last August. Home prices in 41 states, including the District of Columbia, are higher than their normal pre-crisis peaks. California, Idaho, and Michigan surpassed their normal pre-crisis peak as of August 2019.Connecticut’s home prices in August were the farthest below its all-time HPI high—16.3% below the July 2006 peak. While home prices continue to rise, First American’s House Price Index reported last month that consumer home-buying power increased 0.5% from the previous month. The average household income increased 2.4% since last year and nearly 57% since January 2000.Mark Fleming, Chief Economist at First American, said fall is the end of homebuying season and affordability saw improvements. “The decline in mortgage rates alone increased house-buying power by $23,900 since March 2019. Over the same period, household income grew by 0.4%, boosting consumer house-buying power by $1,600,” Fleming said. Overall, Fleming said, consumer house-buying power grew by $25,500 in July compared to March. Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Mike Albanesecenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago October 1, 2019 984 Views Demand Propels Home Prices Upward 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Demand for Fannie Mae CIRT—’Among the Strongest Ever’ Next: Fannie and Freddie Bearing More Disaster Risk Examining Home Price Growth Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Despite Protections Mass Evictions Are Predicted

first_img Despite eviction and foreclosure moratoria, recently extended at federal levels—first from FHFA, FHA, and, later, the CDC—the country is in for a flood of eventual evictions, according to research collected by Bloomberg. The report also explored how, with a current shortage in housing, the eviction bans are costing landlords with tenants.    The loss of homes has been stalled, experts have said in response to the latest presidential action, but not stopped.  The Census Bureau recently reported that about a third of renters said in July that they had “no confidence” or “slight confidence” in their ability to pay for housing in August. With Republicans and Democrats in a stalemate over a next round of economic stimulus measures, experts warned that the country is poised for “an eviction crisis of historic proportions,” Bloomberg reported. About 30 million Americans are “at risk” of being evicted in coming months because they can’t pay rent, according to a review of the Census survey data by the Aspen Institute Financial Security Program, the Covid-19 Eviction Defense Project, the National Low Income Housing Coalition and a coalition of researchers—estimates released before the moratoria extensions. Bloomberg noted that looming eviction and the uncertainty that accompanies this latest action remains a problem.  “Eviction is a legal process, and the burden on landlords differs by state. But the mere threat of eviction often is enough for landlords to get someone to move out. Many landlords have been working with tenants in the hopes that more emergency rental assistance is on its way. Absent that help, the U.S. could be heading for a massive wave of housing displacement and insecurity. More people will double up with family or end up homeless.” To access the most-recent protections announced by the White House, renters must assert they are incapable of paying their rent or are likely to become homeless if kicked out of their property, and they will be required to pay as much rent as they can afford, Bloomberg noted. Also, the initiative may still face legal challenges from landlords. Many tenants now owe so much in back rent that they won’t be able to catch up, pushing landlords to evict them as soon as restrictions lift. A potential solution, Bloomberg reported, is for Congress to pass a plan that would provide $100 billion in rental assistance and ban evictions, “but that’s stuck in stalled negotiation with Republicans on a new stimulus package.” Renters will not suffer alone. As Bloomberg reported, landlords need to collect rent to cover mortgage payments and property taxes. Many also pay for utilities. Keeping non-paying tenants around can incur operating costs without generating any revenue. With a shortage of housing inventory, landlords also understand they could be renting space to paying renters as opposed to those who can no longer pay.   Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save in Daily Dose, Featured, News September 3, 2020 1,322 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago 2020-09-03 Christina Hughes Babb Related Articles Sign up for DS News Daily Despite Protections Mass Evictions Are Predicted Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Despite Protections Mass Evictions Are Predicted Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. About Author: Christina Hughes Babb Demand Propels Home Prices Upward 2 days ago Previous: How Borrowers are Handling Pandemic-Prompted Budget Barriers Next: Nationwide Housing Shortage Intensifies  Print This Post The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

Carthy believes US wants to impose acceptance of GMO food into Europe as part…

first_imgHomepage BannerNews Carthy believes US wants to impose acceptance of GMO food into Europe as part of TTIP Pinterest GAA decision not sitting well with Donegal – Mick McGrath Nine Til Noon Show – Listen back to Wednesday’s Programme Twitter Twitter By admin – April 28, 2015 As the TTIP talks continue in a bid to secure a new international trade deal, Midlands North West MEP Matt Carthy says it’s clear that trade is being prioritised over the welfare of citizens.He was speaking after Michael Froman, the Chief Negotiator from the US expressed disappointment at the European Commission’s proposals to allow member states opt out of the importation of GMO food and feed.Mr Carthy says Europe must resist any trade deal that interferes with the right to legislate in the best interests of citizens, but he has doubts about the commission’s resolve………..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/04/mattcttip.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Three factors driving Donegal housing market – Robinson Google+ Facebookcenter_img Facebook Pinterest RELATED ARTICLESMORE FROM AUTHOR WhatsApp Previous articleMc Conalogue says Department of Education must prioritise three school campus plan for BuncranaNext articleLimited number of Donegal Tyrone tickets sold out in 45 minutes admin Calls for maternity restrictions to be lifted at LUH Google+ WhatsApp NPHET ‘positive’ on easing restrictions – Donnelly Guidelines for reopening of hospitality sector publishedlast_img read more

Ferry Abuse: Victim says school response makes him sick

first_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Previous articleFerry Abuse: Abuser may have worked with youth group in the 80’sNext articleGAA – Donegal’s Brick out for six weeks News Highland By News Highland – July 21, 2011 Ferry Abuse: Victim says school response makes him sick Derek Mulligan says the response from the school, where the caretaker who had abused him worked, makes him “sick to his stomach”.Coláiste Cholmcille in Gweedore, where convicted paedophile Michael Ferry had worked, released a statement yesterday.The school expressed their deepest sympathy to Derek Mulligan but disputed as “factually incorrect” many details of the case.Derek says he doesn’t accept this apology – and neither do any of Ferry’s other victims:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/07/08mullapolreact.mp3[/podcast] Need for issues with Mica redress scheme to be addressed raised in Seanad also Almost 10,000 appointments cancelled in Saolta Hospital Group this week Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Facebook Calls for maternity restrictions to be lifted at LUH Newsx Adverts WhatsAppcenter_img RELATED ARTICLESMORE FROM AUTHOR Twitter Guidelines for reopening of hospitality sector published Google+ Pinterest Twitter Pinterest Facebook WhatsApp Google+last_img read more

Councillors question lack of major concerts at Letterkenny Leisure Centre

first_imgNewsx Adverts Facebook WhatsApp Pinterest Councillors question lack of major concerts at Letterkenny Leisure Centre Google+ Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Previous articleWork to start on long awaited wastewater plantNext articleDonegal bound buses targetted by Strabane stone throwers News Highland There are calls for more local input in to the management of the Aura Leisure Centre in Letterkenny after claims it is underperforming in terms of attracting major events and concerts.At this months Letterkenny Town Council meeting it was claimed that not enough major events are being hosted at the multi million euro development with one councillor pointing the finger at the centre’s Dublin based management.Councillor Jimmy Kavanagh raised the issue – he says the council should be getting more of a return for its significant investment:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/07/kav830.mp3[/podcast] Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Calls for maternity restrictions to be lifted at LUH center_img WhatsApp Google+ Facebook By News Highland – July 13, 2010 Twitter Twitter RELATED ARTICLESMORE FROM AUTHOR LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Guidelines for reopening of hospitality sector published Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

Son of Donegal emigrant wins big in US primary elections

first_img PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Son of Donegal emigrant wins big in US primary elections Previous articleBallyliffin Golf Club to consider hosting Irish Open in 2019Next articleJuly trial date set for man accused of Inishowen crash deaths News Highland Facebook WhatsApp Dail to vote later on extending emergency Covid powers Google+ Dail hears questions over design, funding and operation of Mica redress scheme HSE warns of ‘widespread cancellations’ of appointments next week Twitter Twitter Pinterestcenter_img Google+ News Man arrested in Derry on suspicion of drugs and criminal property offences released RELATED ARTICLESMORE FROM AUTHOR Pinterest By News Highland – May 21, 2014 The son of a Co Donegal emigrant was among the winners picked to lead their parties in the US midterm elections in November.Primary voters in six states selected their Democratic and Republican candidates to run for Congress.Brendan Boyle, whose father emigrated to the US from Glencolmcille in 1970, saw off a formidable challenger, Margorie Margolies, mother-in-law of Chelsea Clinton.He’s now the Democratic pick for Pennsylvania’s 13th congressional district in what is seen as a major win for the 37-year-old state representative.The Irish Times reports how Mr Boyle’s father Frank, who grew up in the Donegal Gaeltacht, changed his working hours cleaning Philadelphia’s subway stations so he could canvas for his son in the evenings.Brendan Boyle regularly referred to his father’s working class roots in debates with the other Democrat candidates. Facebook 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report WhatsApplast_img read more

Jury in trial of John Brown to resume deliberations this morning

first_img WhatsApp Google+ Pinterest PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Facebook Twitter Man arrested in Derry on suspicion of drugs and criminal property offences released Dail to vote later on extending emergency Covid powers Jury in trial of John Brown to resume deliberations this morning Google+ Facebook Twittercenter_img RELATED ARTICLESMORE FROM AUTHOR By News Highland – July 24, 2014 Pinterest The jury in the trial of John Brown, the brother of Eurovision winner Dana, will resume its deliberations this morning.The 60 year old is accused of five counts of indecent assault against two underage girls in the 1970s.The jury of six men and six women were sent out to consider a verdict yesterday evening, after the judge summed up the case at Harrow Crown Court.He told the jurors to take “a coolly analytical approach” and not to get involved in “emotional expressions”. Dail hears questions over design, funding and operation of Mica redress scheme News WhatsApp HSE warns of ‘widespread cancellations’ of appointments next week Previous articleGAA Programme catch up- listen back to Wednesday’s showNext articleRiver Foyle dolphin in Strabane dies News Highland Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more