Re-Introduced Ohio Foreclosure Expedition Bill Passes House, Heads for Senate Vote

first_img Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Re-Introduced Ohio Foreclosure Expedition Bill Passes House, Heads for Senate Vote Blight Elimination Foreclosure Process Foreclosures Ohio 2015-05-28 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago A bill to expedite the lengthy foreclosure process and eliminate blight in Ohio neighborhoods that has national implications has been re-introduced and has passed by a unanimous vote in the Ohio House of Representatives.Ohio HB 134, a bipartisan bill co-sponsored by state representatives Cheryl Grossman (Republican) and Michael Curtin (Democrat), is a new version of Ohio HB 223, originally introduced in June 2013 by Grossman and Curtin. That bill passed unanimously in the Ohio House in April 2014 but was hung up in the Ohio Senate for eight months, where it was suddenly killed without explanation shortly before the end of the general assembly in December.This time, the bill’s sponsors hope for a different outcome. Grossman said after last week’s Ohio Senate session that they would likely be tweaking the bill to improve its chances of passing in a Senate vote.Among other provisions, Ohio HB 134 allows the mortgagee to bring a summary foreclosure action against a vacant and abandoned residential property, allows a court to declare a foreclosed property as vacant and abandoned if it meets certain criteria, authorizes the mortgagee to enter and secure a property that has been declared vacant and abandoned, and establishes new procedures for the sheriff’s sale of a residential property for subsequent sales if it doesn’t sell on the first attempt.The bill is intended to expedite the foreclosure process in Ohio, where the average time to complete a foreclosure is two to three years, and therefore reduce blight – which invites larger problems such as lower property values, squatters, vandalism, and violent crime, and results in entire neighborhoods being decimated. The goal of the bill is to reduce the time it takes to complete a foreclosure down to about six months.”When properties become blighted, it becomes problematic for the entire neighborhood,” Grossman said. “I think it has been pretty well acknowledged across the country what a problem these properties are. Ohio is not unique. It’s a nationwide problem.”Grossman said she invited Curtin to return as a co-sponsor for the bill to make it bipartisan, because “this is not just a Republican problem or a Democrat problem.” She said that some nationwide organizations such as the Mortgage Bankers Association are using their bill as a model throughout the country, and that many people have reached out to her and other representatives about what a problem the lengthy foreclosure process is in Ohio and how pleased they are that there is legislation pending to address the problem.To read the full text of Ohio HB 134, click here. To read an analysis of the bill, click here. Home / Daily Dose / Re-Introduced Ohio Foreclosure Expedition Bill Passes House, Heads for Senate Vote Share Save About Author: Brian Honea The Best Markets For Residential Property Investors 2 days ago Tagged with: Blight Elimination Foreclosure Process Foreclosures Ohio The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles 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. center_img 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  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Foreclosure, News May 28, 2015 1,620 Views Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Previous: Judge Approves JPMorgan Chase’s $500 Million RMBS Settlement With Pension Funds Next: Pending Home Sales Rise to Highest Level in Nine Years Subscribelast_img read more

The Catch-22 Facing Young Homebuyers

first_img Demand Propels Home Prices Upward 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago May 17, 2016 1,381 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago The complex millennial generation stirs up a lot of talk in the mortgage industry, mostly because they have come to be known as the financially unstable and indecisive, renter generation in the housing market. While some of these labels do prove true, this generation is just mostly misunderstood, one analysis found.The remnants of the housing crisis are making difficult for the 18- to 34-year-old cohort to break into homeownership, according to an in-depth analysis by USA TODAY’s Hadley Malcolm.”Young buyers are caught in a quandary. Owning a home has many benefits, including tax breaks and the potential to build value, plus mortgage payments are often lower than rent for a comparable home—especially over the long term,” Malcolm wrote. “But in some cities, rent can be so high that it’s difficult, if not impossible, to save the recommended 20 percent down payment.”Down payments are one barrier that young buyers face in the housing market. According to Zillow data, analyzed by George Petras of USA TODAY, in Los Angeles/Long Beach, California, buyers would need to put 48.8 percent of their monthly income toward a rent payment, while only 39.9 percent of monthly income would go toward a mortgage payment. The same trend continues in other markets like San Francisco; Miami/Fort Lauderdale; and New York/N. New Jersey, where monthly rent payments outpace a monthly mortgage payment, but young buyers are often not able to save a down payment for a home.”There are a lot of places to lay blame, and it’s not just high rents.”USA TodayMalcolm noted that the “challenges presented by the current housing market to first-time buyers have put many on a prolonged path to the American dream.” Even more interesting is the fact that millennials most strongly associate the American Dream with homeownership compared to other generations but less than 10 percent of them actually plan to buy a home in the next year.According to Zillow’s Housing Confidence Index, of millennials, 65.3 percent associate the American Dream with owning a home, but only 9.2 percent of them expect to purchase a home in the next year. Another 7.6 percent indicated that they are not sure about buying a home, while 1.8 percent said they never would.”There are a lot of places to lay blame, and it’s not just high rents. Many point to crushing student debt loads. But the real culprits, say experts, are the housing crisis and the Great Recession, which forced many Americans into foreclosure,” Malcolm said. “Many who didn’t lose their homes found themselves with negative equity — owing more to their lender than a fair market price. This is commonly referred to as being underwater in a mortgage, and when homeowners feel like they are drowning, they tend to stay put. That leads to not enough affordable supply to meet the demand.”Millennial homeownership rates are down to 34.2 percent as the first quarter of 2016 from 39.8 percent in 2009.”Many young people have given up—at least for now. Homeownership rates among people under 35 are on the decline, and it’s not clear when that trend will reverse,” Malcolm penned.Click here to view the full article. Homebuyers Millennials 2016-05-17 Brian Honea in Daily Dose, Featured, Market Studies, News Tagged with: Homebuyers Millennials About Author: Xhevrije West The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Third Circuit Court Hands U.S. Bank a Victory Next: DS News Webcast: Wednesday 5/18/2016center_img Servicers Navigate the Post-Pandemic World 2 days ago Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles The Catch-22 Facing Young Homebuyers Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / The Catch-22 Facing Young Homebuyers Share Save Subscribelast_img read more

The Week Ahead: FOMC Meeting to Announce Rate Hike?

first_img 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] Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Government, News  Print This Post Home / Daily Dose / The Week Ahead: FOMC Meeting to Announce Rate Hike? Previous: Real Estate Crowdfunding Earns $10 Million in First Week Next: How Do Non-prime Loans Help Underserved Borrowers? Share Save Tagged with: Federal Reserve FOMC Interest rates the week ahead About Author: David Wharton Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Related Articles Federal Reserve FOMC Interest rates the week ahead 2018-06-10 David Wharton Demand Propels Home Prices Upward 2 days ago The Week Ahead: FOMC Meeting to Announce Rate Hike? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago June 10, 2018 2,549 Views The Federal Open Market Committee will meet again this week, with the group’s Forecasts scheduled for release on Wednesday, June 6, at 2 p.m. ET, and Fed Chair Jerome Powell’s press conference scheduled thereafter at 2:30 p.m. ET on Wednesday. While the FOMC could always surprise us, many industry experts expect the Fed to announce another short-term interest rate hike.The May meeting of the FOMC left interest rates unchanged, after having increased them previously in March.“In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1-1/2 to 1-3/4 percent,” the Fed said in a statement after the meeting. “The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation.”The Central Bank had stated that it was targeting an inflation rate of 2 percent at the beginning of the year, and after the meeting, it said: “On a 12-month basis, both overall inflation and inflation for items other than food and energy have moved close to 2 percent.”The FOMC forecast report covers GDP, the PCE price index, the unemployment rate, and forecasts of the next change in the Fed funds rate and the expected rate at the end of the next two years. The FOMC forecasts are compiled based on individual outlooks from each Fed governor and District president.Here’s what else is happening in The Week Ahead.CoreLogic Loan Performance Insights Report, TuesdayFannie Mae Mortgage Lender Sentiment Survey, Tuesday, 7 a.m. ESTConsumer Price Index, Tuesday, 8:30 a.m. ESTMBA Mortgage Apps, Wednesday, 7 a.m. ESTConsumer Sentiment Index, Friday, 10 a.m. EST The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

A Comeback With A Twist

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago A Comeback With A Twist HOUSING Investors Kroll Bond mortgage RMBS Servicing 2018-10-30 Krista Franks Brock Share 1Save A newly revived residential mortgage-backed securities (RMBS) market has not only begun to flourish over the past couple of years but also to evolve with new features that according to Kroll Bond Rating Agency (KBRA) “merit additional consideration from a credit standpoint.”  Both the prime and non-prime RMBS markets have experienced a reinvigoration over the past two years with private label securities issuances scaling to $50 billion in 2017. That’s up from just $18.8 billion in 2016 and $29.3 billion in 2017, according to KBRA in a report released recently. This is a significant change from just three years ago in 2015 when, KBRA says, “prime issuance was nearly non-existent, and in 2016, prime sponsors were exiting the market, not accessing it.” The most active newcomers to the RMBS market are Flagstar Bank, which issued eight RMBS transactions in 2017; Invictus Capital Partners, which issued six; and American International Group, Inc. (AIG), which issued four. KBRA expects these institutions to continue their role in the RMBS market. The non-QM market experienced increased activity with risk retention from Redwood Trust, Galton Funding, Neuberger Berman, Starwood Property Trust, and Annaly Capital Management, Inc. KBRA attributes some of the growth in RMBS issuances to tightening spreads, investor acceptance of alternative loan products, and “to the surprise of many participants,” growth in agency-eligible collateral. The reinvigorated RMBS market has changed from pre-crisis days though. Three key differences in today’s transactions are the inclusion of stop advance provisions, variable servicing fees, and alternative documentation. Stop advance provisions prevent servicers from advancing interest on delinquent loans after a set time, often 120 days. This feature generally leads to a “significant increase in ultimate principal recovery as well as a commensurate decrease in current interest paid to certificate holders,” according to KBRA. Pre-crisis RMBS transactions typically featured set servicing fees, and often the fees were in excess of the servicing costs. “The desire for more efficiency and the potential for higher investor yield led to the development of variable servicing fee structures,” according to KBRA, which noted both “advantages and drawbacks to this fee structure.” Alternative documentation also has its pros and cons. They allow for self-employed and non-traditional wage earners to enter the market, but KBRA offers a note of caution. Not all alternative documentation programs are alike, and each should be examined and considered thoughtfully. When it comes to income duration or asset qualification, “less robust methods likely involve higher ATR claim risk,” KBRA stated. The Week Ahead: Nearing the Forbearance Exit 2 days ago October 30, 2018 1,769 Views in Daily Dose, Featured, News, Secondary Market Previous: Triggering Homeownership Next: Don’t Worry About Cash-out Refis Just Yet The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days agocenter_img Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Krista Franks Brock Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Home / Daily Dose / A Comeback With A Twist Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Tagged with: HOUSING Investors Kroll Bond mortgage RMBS Servicinglast_img read more

HUD Invests in Small Distressed Communities

first_img HUD Invests in Small Distressed Communities Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The U.S. Department of Housing and Urban Development (HUD) has granted $6 million to the Local Initiatives Support Corporation (LISC). Through this grant, HUD is increasing its investment in small distressed communities, the agency said in a recent statement.The grant will provide “critically needed technical assistance to distressed communities with populations under 40,000, including those located in Opportunity Zones and communities struggling to recover from natural disasters,” according to HUD.The agency will partner with LISC to give technical assistance that will:Focus on technical assistance that is community-specific and scaled to ensure a measurable impact on the community’s growth and resilience, as well as the efficient use of public fundsHelp communities facing long-term economic challenges adopt effective, efficient, and sustainable financial management practices (including management of disaster recovery and resilience funds)Build capacity for financial management, economic revitalization, affordable housing, and disaster recovery and resilience in distressed communities by building partnerships between public agencies, community members, non-profits, and private organizationsImprove communities’ working knowledge of federal development programs, including sources such as Opportunity Zone investments and the Low-Income Housing Tax CreditsDevelop best practices and recommendations regarding financial management and disaster recovery and resilience that can be shared with other communities facing similar challengesSpeaking about HUD’s investment in these small communities, Dr. Ben Carson, Secretary, HUD said that the grant would support distressed communities “struggling against the headwinds of economic decline and natural disasters.”“The technical assistance provided to these communities will help local planners deploy a variety of federal resources to stimulate job growth and economic recovery for the benefit of their citizens, including the leveraging of Opportunity Zone investment,” he said in a statement.HUD’s Distressed Cities Technical Assistance Program focuses on financial management, economic development, and disaster recovery planning in distressed cities. The program aims to adopt effective, efficient, and sustainable financial management practices, build capacity for financial management economic revitalization, and affordable housing, and improve knowledge of federal development programs. August 12, 2019 3,524 Views  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Radhika Ojha The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / HUD Invests in Small Distressed Communities The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Share Save Sign up for DS News Daily Affordable Housing Communities HOUSING HUD LISC Natural Disasters Opportunity Zones technical assistance 2019-08-12 Radhika Ojha in Daily Dose, Featured, Government, News The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Are Negative Interest Rates Possible in the U.S.? Next: NYC’s Continuing Fight Against Zombie Properties Servicers Navigate the Post-Pandemic World 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. Tagged with: Affordable Housing Communities HOUSING HUD LISC Natural Disasters Opportunity Zones technical assistance Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Mortgage Servicing Trends and Challenges

first_img Jacquelyn S. Pardue manages and oversees vendor management, leases, and compliance for Gateway First Bank. Pardue has more than a decade’s experience in the mortgage and lending industry, including serving as the COO at AgileOne Solutions. She has held various leadership roles at Pacific Union Financial, Rushmore Loan Management Services, and Wingspan Portfolio Advisors. Pardue holds a bachelor’s degree from Texas Tech University and is currently pursuing an MBA from Syracuse University. She recently spoke to DS News about the state of the industry and the challenges facing servicers.What are some of the challenges that servicers have faced so far in 2019?The biggest challenge servicers are currently facing that there is a desire to innovate and bring in new technology, but there are also difficulties that come along with that. How do we implement new tech into our legacy systems, and how can we ensure that everything is going to work and do what it’s supposed to do?Is it harder to make technological innovations happen on the default side?There is less cash flow on the servicing side, so the margins are much tighter and more restrictive. You also have levels of more historical systems in place, as well as a lot of homegrown aspects. How do you bring together all these parts and pieces that people have built on top of each other over the course of so many years? How do you implement something new that’s going to work successfully with all those elements?From a servicer’s perspective, what lessons have you taken away from previous natural disasters?In my previous life, I functioned through many of the hurricanes and dealt with many related challenges, even within Puerto Rico. One of the biggest things that servicers can do to innovate is to be proactive. How can we get in touch with our borrowers when we know that there’s a possibility of a disaster, and to let them know how to get in contact with us? Servicers also need to find ways to contact borrowers that isn’t going through the mail or email, because often these people might not be in their homes in the aftermath of one of those events—they might have been forced to leave their house. They may not have access to their mail, or there may be difficulties in getting it to them, depending upon the situation. You must have the ability to ensure that the contact information is being updated for borrowers in these situations.You also need to ensure that you have the right vendor partners in place. If you know you’re going to have an increased load of calls, you must have additional capacity to input those calls within an outsourced model or a call center. Or you need enough flexibility internally that you can implement weather technology that can help you pinpoint more targeted campaigns, depending upon who was affected, and how.The biggest lesson is that everyone needs to make small adjustments based upon their lessons learned in the past. That’s one of the great things about Five Star’s Legal League or Disaster Summits, where everyone is sharing their knowledge and experiences. If it affects one servicer, at the end of the day it will likely wind up affecting other servicers. Those communal conversations can help us all get on the same page.What are some of the challenges of interacting with third-party vendors?The biggest challenge with third-party vendors is the interpretation of communication. Oftentimes, we’re not communicating face-to-face anymore, we’re not communicating in person. Everything is being done through email and other systems, and things can get lost in translation.Also, many of the people in our industry have a tendency to move around throughout their careers. When people move, there’s a risk that internal knowledge and lessons have not been communicated throughout the organization.There is often also a potential for a disconnect between what a contract says and what our expectations are. Sometimes, those things don’t coincide. That typically comes down to gaps in communication, even with all the technology aspects that are designed to improve that. We’re all based in different places, but how do we ensure that all those items are clear, and everybody remains on the same page through management changes and internal changes?One lesson we’ve taken away when it comes to interacting with our attorney partners, for example, is ensuring that they have a clear playbook of what our expectations are, and that it’s outlined not from a management or a legal perspective, but from an operational and tactical perspective. We’re working hard to be clear with our vendors and our partners about what we expect from them and how we want it to flow.What other trends or changes do you predict will define the back half of 2019?It’s always going to come down to technology and innovation. Everybody is going to say that. However, there’s also a lot happening on the front end of the industry that will inevitably affect the back end. Players like Amazon and Zillow are entering our industry, so what impact will that have on everything? We’ll have to wait and see.You mentioned appreciating the communication facilitated by events such as the Legal League Summits. Could you speak more about why you think these events are important?It’s a wonderful opportunity for us as servicers to have a level of facetime with our vendors and attorneys. We’re emailing and interacting with these people constantly, but many times we’ve never really had the chance to introduce ourselves in person or shake each other’s hands. Being able to put a face to a name, being able to have those in-person conversations, can be extremely valuable.It’s also a chance for all of us to share insights about what’s working for us, as well as what hasn’t worked. Those conversations are critical, and it provides an opportunity for level-setting and being able to take new insights and lessons back to our organizations. Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Foreclosure, Market Studies, News, Print Features, Servicing Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago FinTech Servicing 2019-08-15 Seth Welborn Share Save The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles 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. Home / Daily Dose / Mortgage Servicing Trends and Challenges Previous: The Industry Pulse: Updates on Citadel, Wells Fargo, and More Next: Gateway First Bank Appoints Chief Mortgage Operations Officercenter_img Tagged with: FinTech Servicing August 15, 2019 3,347 Views Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Mortgage Servicing Trends and Challenges The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Seth Welborn Subscribelast_img read more

Regulators Responding to Coronavirus Spread

first_img Related Articles About Author: Seth Welborn in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Regulators Responding to Coronavirus Spread Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Vote on COVID-19 Support Bill Delayed Next: Where Negative Equity is Concentrated Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save  Print This Post The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Coronavirus FHFA Recession Regulator 2020-03-12 Seth Welborn According to World Health Organization Director-General Dr. Tedros Adhanom Ghebreyesus, almost 125,000 cases have now been reported to WHO, from 118 countries and territories, the classification of the virus as a pandemic is not a signal to give up, but rather a signal for countries to “double down.“This is a controllable pandemic,” Ghebreyesus said in a briefing. “Countries that decide to give up on fundamental public health measures may end up with a larger problem, and a heavier burden on the health system that requires more severe measures to control.”“All countries must strike a fine balance between protecting health, preventing economic and social disruption, and respecting human rights,” he added.Federal Housing Finance Agency (FHFA) Director Mark Calabria has said that the FHFA, as well as Fannie Mae and Freddie Mac, will be meeting the needs of home borrowers.“To meet the needs of borrowers who may be impacted by the coronavirus, last week Fannie Mae and Freddie Mac reminded mortgage servicers that hardship forbearance is an option for borrowers who are unable to make their monthly mortgage payment,” Calabria said. “For borrowers that may be experiencing a hardship, I encourage you to reach out to your servicer. The Enterprises and the Federal Home Loan Banks continue to provide support to the secondary mortgage market, and the UMBS market continues to operate at its normal level.”Congresswoman Maxine Waters, Chairwoman of the House Financial Services Committee, led six letters to Administration officials, prudential regulators, financial services organizations and credit reporting agencies expressing concerns about risks related to COVID-19 and the steps they are taking to prevent Americans and the financial system from being harmed.“While our federal regulators, agencies and financial institutions must take action to protect consumers and our economy, I must emphasize that it is unacceptable to use this crisis as an excuse to justify rollbacks of important financial regulations that are in place to protect our financial system and economy,” Congresswoman Waters said in her letter.Globally, hard-hit countries are adapting to attempt to mitigate the harm to borrowers. Italy, for example, is suspending mortgage payments across Italy as part of measures to soften the economic blow of coronavirus on households, according to Laura Castelli, Italy’s Deputy Economy Minister.President Trump stated that the U.S. economy is well-positioned to handle the crisis. The CEOs of the nation’s largest banks met with President Trump Wednesday, discussing the next steps and a plan of action to combat growing concerns surrounding COVID-19, according to CNBC.”Smart action today will prevent the spread of the virus tomorrow,” the President stated. March 12, 2020 1,482 Views Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago 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. Servicers Navigate the Post-Pandemic World 2 days ago Regulators Responding to Coronavirus Spread Tagged with: Coronavirus FHFA Recession Regulatorlast_img read more

Councillor wants more done to develop and promote Mount Errigal

first_img Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Councillor wants more done to develop and promote Mount Errigal Pinterest Three factors driving Donegal housing market – Robinson Facebook WhatsApp Google+ Twitter A West Donegal councillor says more should be done to develop and promote Donegal’s prime landmarks with a view towards increasing visitor numbers .Speaking at the council’s reconvened monthly meeting in Lifford today, Councillor Seamus O’Domhnaill said more needs to be done to advertise natural assets such as Mount Errigal and Ards Forest Park.He says at the minute there’s no pathway up Mount Errigal, and neither are there bins, which is creating a serious litter problem.The Glenties representative says if more is done to develop Errigal as a visitor amenity, then more tourists will come to Donegal…………..[podcast]http://www.highlandradio.com/wp-content/uploads/2010/06/sod7.mp3[/podcast] RELATED ARTICLESMORE FROM AUTHOR Guidelines for reopening of hospitality sector published center_img News LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Calls for maternity restrictions to be lifted at LUH Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Facebook WhatsApp Twitter Previous articleShaun Doherty Charity Half Marathon June 2010Next articleDonegal County Council calls for scrapping of VRT News Highland By News Highland – June 14, 2010 Google+last_img read more

21 patients awaiting admission to LUH this morning

first_img By admin – August 18, 2016 21 patients awaiting admission to LUH this morning LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Google+ Three factors driving Donegal housing market – Robinson Previous articleEnvironmentalist commissioned to study grass verges in InishowenNext articleA6 dual carriage way plans only a fraction of required upgrade – McCrossan admin Homepage BannerNews WhatsApp Facebook Calls for maternity restrictions to be lifted at LUH Facebookcenter_img Pinterest RELATED ARTICLESMORE FROM AUTHOR There’s been a sharp rise in the number of people awaiting admission at Letterkenny University Hospital.Figures published this morning by the INMO show there were 21 people waiting admission this morning, seven on trolleys in the Emergency Department and 14 waiting in ward overflow areas.LUH has released a statement as follows:The Emergency Department at Letterkenny University Hospital remains very busy this afternoon, August 18th, with significant numbers of patients awaiting admission to the hospital. We apologise to patients and their families for these delays.The Full Capacity Protocol has been implemented and all efforts continue to be made to identify patients who are appropriate for discharge. We have also deferred some non urgent elective procedures. We apologise to patients for the distress this deferral may cause.Management at the hospital would like to again advise people who are attending the Emergency Department at Letterkenny University Hospital that they can expect delays. We would like to remind the public that we encourage them to attend the Emergency Department only in the case of real emergencies and they should contact their GP or GP Out-of-Hours service in the first instance.Letterkenny University Hospital again apologises to all patients and their families for any distress caused as a result of these delays. GAA decision not sitting well with Donegal – Mick McGrath Twitter Nine Til Noon Show – Listen back to Wednesday’s Programme Google+ Guidelines for reopening of hospitality sector published Pinterest Twitterlast_img read more

Donegal’s 19 beaches have ‘good water quality’

first_imgNewsx Adverts Donegal’s 19 beaches have ‘good water quality’ Calls for maternity restrictions to be lifted at LUH Facebook Twitter Google+ Three factors driving Donegal housing market – Robinson Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Twitter RELATED ARTICLESMORE FROM AUTHORcenter_img Pinterest Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton 91 per cent of our beaches comply with the EU standardHowever the Environmental Protection Agency says they have concerns over the standards in some beaches across the country because of inadequate sewage infrastructureNine of our 131 beaches and lake shores failed to meet minimum clean water standards last year – showing no improvement in numbers since the previous year.In Donegal all 19 beaches from Shroove to Bundoran were designated as having good water quality. WhatsApp Pinterest By News Highland – June 4, 2010 WhatsApp Guidelines for reopening of hospitality sector published Previous article16% increase in Donegal farmers on social welfareNext articleBurnfoot company confirms the creation of 70 new jobs News Highland last_img read more