DS News Webcast: Thursday 11/14/2013

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Subscribe November 14, 2013 592 Views Previous: Rushmore Approved as Freddie Mac Seller/Servicer Next: Borrowers Refinancing in Q3 Expected to Save $6B Next Year Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save The Best Markets For Residential Property Investors 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles About Author: DSNews Sign up for DS News Daily Home / Featured / DS News Webcast: Thursday 11/14/2013 in Featured, Media, Webcasts DS News Webcast: Thursday 11/14/2013  Print This Post 2013-11-14 DSNews Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

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Freddie Mac’s Total Mortgage Portfolio Expands While Delinquency Rate Continues to Fall

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Subscribe in Daily Dose, Featured, News, Secondary Market Freddie Mac Monthly Volume Summary Mortgage Portfolio Serious Delinquency Rate 2015-03-24 Brian Honea Previous: Freddie Mac Announces Pricing For Second Structured Credit Risk Offering of 2015 Next: DS News Webcast: Wednesday 3/25/2015 About Author: Brian Honea 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 Tagged with: Freddie Mac Monthly Volume Summary Mortgage Portfolio Serious Delinquency Rate The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articlescenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Freddie Mac’s Total Mortgage Portfolio Expands While Delinquency Rate Continues to Fall Data Provider Black Knight to Acquire Top of Mind 2 days ago Freddie Mac’s total mortgage portfolio increased at an annualized rate of 2.8 percent in February, marking the fifth time the portfolio has expanded in the last six months, while the serious delinquency rate for the Enterprise’s single-family residential loans continued its steady decline, according to the Freddie Mac’s February 2015 Monthly Volume Summary released Tuesday.The portfolio’s February expansion represented an increase of about $5 billion, up to $1.913 trillion. It was only the 13th time in the last 62 months that the portfolio has expanded dating back to January 2010, at the height of the foreclosure wave.The serious delinquency rate on loans declined by 5 basis points, down to 1.81 percent, which is less than half of the national rate, according to CoreLogic’s January 2015 National Foreclosure Report. It is the lowest serious delinquency rate for loans backed by Freddie Mac since December 2008, just a few months after the housing crisis began and just three months after the FHFA took Fannie Mae and Freddie Mac under conservatorship. For that month, the serious delinquency rate was 1.72 percent but was on the rise; it was 1.52 percent a month earlier.Single-family refinance loan purchase and guarantee volume skyrocketed in February up to $20.2 billion, up from $12.4 billion in January. The percentage of single-family refinance loan purchase and guarantee volume that comprised the total single-family mortgage portfolio also experienced a large month-over-month increase from 57 percent in January to 66 percent in February. According to Freddie Mac, 9 percent of the Enterprise’s total single-family refinance volume in February was comprised of relief refinance mortgages, down from 14 percent in January.The number of homeowners who received permanent loan modifications was little changed from January (4,793) to February (4,684), with 9.477 permanent loan modifications completed in the first two months of 2015 combined. An average of 5,596 permanent loan mods were completed per month in 2014.Also in February’s Monthly Volume Summary, Freddie Mac reported that the aggregate unpaid principal balance (UPB) of the Enterprise’s mortgage-related investments portfolio declined month-over-month by about $3.2 billion. Since the previous monthly volume summary was issued, Freddie Mac auctioned off three pools of deeply delinquent loans with an aggregate UPB of $392 million and was reported to have put another group of deeply delinquent loans with a UPP of $1 billion up for sale. March 24, 2015 1,048 Views Demand Propels Home Prices Upward 2 days ago Freddie Mac’s Total Mortgage Portfolio Expands While Delinquency Rate Continues to Fall Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 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. Servicers Navigate the Post-Pandemic World 2 days ago Share Savelast_img read more

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On the Radar: Legal Experts on the Cases Shaping the Industry

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: David Wharton The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago On the Radar: Legal Experts on the Cases Shaping the Industry With thousands of cases unfolding across the country, keeping track of the ones that most impact your business can be a full-time job. Knowing what’s happening in the legal sphere as it pertains to your industry can be crucial, and can make the difference between success and failure. But where to begin?DS News spoke to a half dozen lawyers specializing in mortgage law and servicing to get the lay of the land as one year winds down and another looms ahead of us. What 2017 court cases set precedents that will impact the industry in 2018? Which still unsettled cases have the most potential to shape the servicing landscape in the years that follow? What issues were facing these attorneys in the past year, and what lessons have they taken away about how law firms and servicers can best work together to meet common goals?Read on to learn what was on the radar in 2017 for these legal professionals.Storms and StatutesThe damage unleashed by natural disasters has been one of the defining stories if 2017. California has been swept by massive wildfires, and an unrelenting hurricane season brutalized locales such as Texas, Florida, and Puerto Rico. As Matthew R. Reinhardt of Quintairos, Prieto, Wood & Boyer, P.A. pointed out, the U.S. Virgin Islands also took severe hits, with both Hurricane Irma and Hurricane Maria steamrolling the islands while each storm was still at a Category 5. Initial estimates claimed that as much as 80 percent of the islands’ properties were affected by the twin hurricanes, so naturally that toll also extended to the court system, resulting in closures and delays. President Trump’s disaster declaration for the region also kicked off a 90-day moratorium on foreclosures of FHA-issued mortgages, and the Department of Housing and Urban Development recently extended that moratorium until March 9, 2018, for Hurricane Irma, and March 19, 2018, for Hurricane Maria.“Although all U.S. Virgin Islands courts have reopened and recovery efforts are progressing, the long-term effects of the hurricanes will continue to be felt in 2018,” Reinhardt said.He added, “Communication remains difficult or impossible in many areas, and property inspections are necessary to determine the best outcomes for each investment. Law firms with a presence and experience in the U.S. Virgin Islands can be essential partners for servicers operating in the territory under these challenging circumstances.”Back in the States, Attorney General Jeff Sessions made efforts to roll back the bar former Attorney General Eric Holder put into place in 2015 when it comes to local and state police being able to seize property without warrants or criminal charges. As Phyllis A. Ulrich of Carlisle Law explained, “That decision to expand civil-asset forfeiture by federal prosecutors could have a huge impact on mortgage professionals moving forward.” She noted that the federal forfeiture statute allows for the authorities to send a notice letter to a lienholder after a property has been seized as part of a criminal proceeding. The lienholder then has 35 days to file a claim before the lien is removed from the property—without any due process. “Because of this new power, federal prosecutors appear to be overzealously pushing these civil-asset forfeiture powers,” noted Ulrich.As an example, Ulrich described a situation where the authorities could sell a property that isn’t actually owned by the criminal, but where they have an unpaid land-installment contract in the property. “The good news is, in September 2017, the U.S. House of Representatives unanimously approved three amendments that would defund the federal forfeiture program,” Ulrich continued. However, as of this writing, the bill had not passed.On the New York front, the case of HSBC Bank USA, N.A. v. Ozcan may be one of the most significant decisions issued in the Empire State in 2017, according to Greg Sanda of Schiller, Knapp, Lefkowitz & Hertzel, LLP. Sanda explained that Ozcan “lessens one of the thorniest evidentiary problems for servicers prosecuting foreclosures in New York.” At issue is the process of proving that the “90-day letter” was mailed to the borrower. “New York courts have made proving compliance more difficult by imposing an undue evidentiary burden on servicers under the guise of ‘strict compliance’,” said Sanda, explaining that the onerous standards imposed by New York require direct proof of mailing “or proof of a standard office procedure ensuring an item is properly addressed and mailed.”“Ozcan alleviates this burden to an extent,” Sanda said, “holding that a mailing may be proved in any number of ways, not just the two listed above, as long as the documents relied upon and affidavit testimony meet the requirements of the business records exception to the hearsay rule.” Sanda added that this revised standard should prove easier for large and medium-sized servicers to satisfy.Mark Hernandez of Quintairos, Prieto, Wood & Boyer, P.A. shifted the focus to a Florida case that resolved an ongoing statuteof-limitations issue. In Bollettieri Resort Villas COA v. Bank of New York Melon, a first complaint was filed on February 1, 2008, with a September 1, 2007 default date. The case was voluntarily dismissed on May 19, 2011. A second foreclosure complaint was then filed on January 1, 2013, with a September 1, 2007 breach date. That would have put the second foreclosure outside the state’s five-year statute of limitations (SOL). “In Bollettieri, the court acknowledged that the bank’s second complaint was sufficient to establish that the foreclosure could be based on any of the missed payments since the initial breach and the complaint was therefore not barred by statute of limitations,” Hernandez said.Hernandez explained that after the Florida Supreme Court decided not to hear the case, the case law was left standing so that “a foreclosure complaint containing an initial default date occurring more than five years prior to the filing of the complaint is not barred by the statute of limitations provided that the bank alleges and proves a continuous state of default which includes defaults within five years of the filing of the complaint.”The Shape of 2018—And BeyondOf course, the machinery of law never stops churning, so there are inevitably a number of cases still wending their way through the system that will have large impacts on the industry in 2018—and in the years to come. We asked our panel of experts to highlight legal rulings still tied up in the courts that will impact mortgage professionals in 2018, as well as any other hot topics that will likely come into play this year.Ulrich cited questions surrounding Official Form 113, the national form plan for Chapter 13 bankruptcies. Ulrich explained that the time in which all creditors have to file a proof of claim in a Chapter 13 case has been drastically reduced from roughly 150 days to 70 days after the filing of the case. “Furthermore,” Ulrich said, “if a proof of claim is not timely filed, including claims for loans secured solely by the principal residence of the debtor, then the provisions of the Chapter 13 plan control—which upsets the way most bankruptcy court jurisdictions dealt with such claims, which was the claim controls over the plan provisions.”For Sanda, it’s a pair of decisions issued by Justice Thomas F. Whelan out of the Suffolk County Supreme Court in New York that are most “worth watching” in 2018: Nationstar Mortgage, LLC v. Donald MacPherson and Wilmington Savings Fund Society, FSB v. Ardith DeCanio. “These trial court decisions have the potential to alter the landscape of the statute of limitations, providing that the terms of the mortgage determine when the maturity of a loan is accelerated, not the commencement of a foreclosure,” Sanda said.“Specifically, where a mortgage permits a borrower to reinstate by tendering all missed payments and fees—a provision contained in the standard Fannie/Freddie form mortgage— Justice Whelan held the plaintiff lacks the legal means to accelerate a mortgage debt until a judgment of foreclosure issues,” Sanda continued. “This theory has been advanced in multiple jurisdictions across the country recently, most notably in Florida, and it will be interesting to see whether an appellate court addresses the issue in 2018. An appellate court’s endorsement of Justice Whelan’s view would be an enormous benefit to servicers in New York.”Statute of limitations is often a thorny area, and Roy A. Diaz of SHD Legal Group, P.A. said that it will likely remain so in the state of Florida in 2018. “Based on the state of the law as of today, servicers are adjusting loans with SOL issues to redemand within a five-year default period,” Diaz said. “This is consistent with the majority of appellate rulings. Law related to challenges of standing has evolved to statewide recognition that a party who successfully challenges a lender’s standing to sue cannot claim entitlement to attorney fees under the nonenforceable note and mortgage.”Sonia McDowell of Quintairos, Prieto, Wood & Boyer, P.A. expanded on the issue. “The Fourth District ruled this past year that Florida Statute 57.105 must be strictly construed and has two elements: that the party must have prevailed and the party had to be party to the contract. Nationstar Mortgage LLC v. Glass held that, ‘the movant must establish that the parties to the suit are also entitled to enforce the contract containing the fee provision.’ Further, ‘where a party prevails by arguing the Plaintiff failed to establish it had the right pursuant to the contract to bring the action, the party cannot simultaneously seek to take advantage of a fee provision in that same contract.’”“And the Fourth District is not alone,” continues McDowell. “The Third District held in Bank of New York Mellon Tr. Co., N.A. v. Fitzgerald that, because the borrower ‘successfully obtained a judgment below that of the bank lacked standing to enforce the mortgage and note against her, we find that no contract existed between the bank and Fitzgerald that would allow Fitzgerald to invoke the mutuality provisions of section 57.105(7).”Glass and companion case Lakmaitree are currently before the Florida Supreme Court, waiting to see if the court will accept jurisdiction in a case that could have massive implications for consumer protections. “If these rulings stand,” said McDowell, “they may result in a radical shift in foreclosure and consumer debt collection defense as Borrowers would be precluded from recovering attorneys’ fees if they are successful in defending the suit based on challenges to standing, one of the most basic and often-utilized defenses. Plaintiffs and Defendants alike will be anxiously awaiting the court’s decision in 2018 as trial courts throughout the state are beginning to follow suit and deny Defendants’ entitlement to attorneys’ fees.”Ulrich discussed one situation many in the industry have no doubt encountered: the confusion and complications that can occur when someone who signed and initialed a mortgage isn’t actually identified in the body of the mortgage. “In the case of Bank of New York Mellon v. Rhiel, the Bankruptcy Appellate Panel of the United States Court of Appeals for 6th Circuit certified a Question of State Law to the Ohio Supreme Court in September of 2017. The Ohio Supreme Court accepted the certified Question of State Law and will answer the following questions: 1) Whether an individual who is not identified in the body of a mortgage, but who signs and initials the mortgage, is a mortgagor of his or her interest? 2) Is a mortgage signed and initialed by an individual whose name is not identified in the body of the mortgage, but whose signature is properly acknowledged pursuant to Ohio Revised Code Sec. 5301, invalid as a matter of law such that parol evidence is not admissible to determine the intent of the individual in signing the mortgage?According to Ulrich, the Ohio Supreme Court’s opinion on this matter “will determine if a Chapter 7 Trustee in a bankruptcy case can avoid the mortgage encumbering the debtor’s interest in the property so that she can bring money into the bankruptcy estate for the benefit of unsecured creditors.”Partnering for the FutureBeyond all the rules and regulations, the servicing industry is, like any other business venture, about people. We asked our legal experts about how law firms and servicers could better partner in 2018, and how they could improve that symbiotic relationship going forward.“In judicial jurisdictions, the issue of streamlining should be focused on the ability to provide quality litigation support,” Diaz said. “Mortgagees must place value on good litigation practice, which is a concept that has historically been less of an issue. Streamlining ease of obtaining supporting documentation and informed client communication is critical to ensuring streamlined litigation. Mortgagees should establish quality litigation staff to work closely with a Plaintiff’s counsel.”Hernandez pinpoints communication as key. “The mortgage industry is a fast-paced environment and defense attorneys/borrowers are always looking to develop new strategies to avoid or delay foreclosure actions,” Hernandez said. “It is imperative that law firms and the mortgage industry stay proactive on educating themselves on potential litigated issues. This may include continual news blasts or some inhouse training by law firms to the servicers as to hot topic issues.”“Because lawyers are ‘in the field’ working cases through the court systems, servicers will always benefit from practical tips from the lawyers as to what works and what does not work from the court’s standpoint,” said Ulrich. “Whether method of servicing, escalation procedures, attendance to and at mediations or working with loss mitigation with borrowers, it pays for the servicers to understand what the courts feel needs improvement. Opening up to suggestions from the lawyers as to how to improve the impression the courts have of the servicer would greatly reduce wrinkles with timelines and improve relationships with everyone involved with the case. Although this is not a new suggestion for 2018, it is becoming more imperative for servicers to fall into good grace with the courts so that the courts make a turn from being overly pro-borrower/debtor.”With the future ever uncertain, a strong partnership between mortgage professionals and the legal experts who support them will be as crucial as ever. Demand Propels Home Prices Upward 2 days ago Tagged with: Default Services Law Firms Default Servicing Law Firms financial services law firms Law Firms magazine features on the radar The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / On the Radar: Legal Experts on the Cases Shaping the Industry Related Articles Default Services Law Firms Default Servicing Law Firms financial services law firms Law Firms magazine features on the radar 2018-01-05 David Wharton Previous: Exploring Tax Reform’s Impact on Housing Assistance Next: The Week Ahead: Pick the Brains of the Fed Presidents Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Magazine, News, Print Features The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago January 5, 2018 2,251 Views Share Save Subscribe  Print This Postlast_img read more

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America’s 10 Hardest-Working Cities

first_img America’s 10 Hardest-Working Cities Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Related Articles in Daily Dose, Featured, Journal, Market Studies, News March 21, 2018 2,801 Views Tagged with: Cities Hard-working Rankings Residents WalletHub The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago The Bay Area might be among the most expensive housing markets in the country, but the residents there indeed work for their living, according to WalletHub’s Hardest-Working Cities in America report.WalletHub’s 2018 numbers find that San Franciscans are the overall hardest-working people in the 116 cities it looked at, followed swiftly by residents of neighboring Fremont. Oakland residents and San Jose residents placed sixth and eleventh overall, respectively.The rankings are based on “direct work factors” and “indirect work factors.” Direct work factors include average workweek hours, the city’s overall employment rate, the percentage of workers not taking vacation time, the percentage of workers identified as engaged in their jobs, and “idle youth,” the percentage of people between 16 and 24 who are neither working nor in school.Indirect work factors look at average commute time, how many workers have more than one job, annual volunteer hours workers engage in, and how much leisure time residents have in an average day. Each set of factors totaled 100 points. San Francisco and Fremont each had final scores above 78. Jersey City, Washington, D.C., New York, and Oakland also finished with more than 70 points. Boston, Aurora, Newark, and Chicago rounded out the top ten hardest-working cities.On the other end of the scale, residents of Columbia were ranked as the least hard-working. That city in North Carolina compiled a hard-working score of just over 25. Charleston and Cheyenne were placed second and third in this category. And despite that California had three cities in the top 10 (four in the top 11 if you include Los Angeles), it also has two in the bottom 10. Fresno and Bakersfield were the fourth and sixth least-hard-working cities the rankings found. Lubbock, Texas, split the two up and took fifth place. Buffalo, Reno, Fargo, and Toledo rounded out the bottom 10. Previous: Hidden Figures: 5 Factors That Influence Home Values Next: Delinquencies and Foreclosure Starts Edge Lower Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Home / Daily Dose / America’s 10 Hardest-Working Cities Sign up for DS News Daily Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Cities Hard-working Rankings Residents WalletHub 2018-03-21 Radhika Ojha 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 About Author: Scott Morgan Subscribelast_img read more

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The Industry Pulse: Servicer Reports Strong Q4

first_imgHome / Daily Dose / The Industry Pulse: Servicer Reports Strong Q4 The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News Tagged with: industry pulse Servicing Subscribe Mr. Cooper Group Inc., which principally operates under the Mr. Cooper and Xome brands, reported a fourth quarter net income of $461 million or $4.95 per diluted share. Net income included $285 million recovery of deferred tax asset (DTA) reserve and positive $102 million in mark-to-market. Excluding the mark-to-market and other items, the Company reported pretax operating income of $125 million. Items excluded from operating income were $102 million in mark-to-market, net of the add back of $31 million in fair value amortization that is included in the full mark-to-market, $6 million in severance charges related to corporate actions, and $12 million of intangible amortization.Chairman and CEO Jay Bray commented, “This was a strong operating quarter with solid results in Originationsand Xome and a stable quarter in servicing, capping a year of tremendous progress for the organization. We successfully delivered on our commitments to integrate recent acquisitions and improve profitability. ”Chris Marshall, Vice Chairman and CFO added, “In addition to delivering strong operating performance, we made progress in our balance sheet strategy by deleveraging and building liquidity, which is key to sustaining return on equity and growth over the long term._____Effective January 20, 2020, CaseMax merged the Implementation and Support teams to provide a seamless transition for new users and improve the overall experience. As part of this reorganization, CaseMax proudly announced the promotion of Michelle Duncan to Manager of the Support and Implementation TeamAs an industry-leading technology company, CaseMax is always improving behind the scenes with software updates and now we’ve upgraded CaseMax.com with the same focus on efficiency. The brand new CaseMax.com exemplifies ‘Change Made Simple’ by streamlining key information and serving as a home for industry resources including events, feature releases, expert guidance, and relevant news.Late last year during a user group meeting, advisors challenged CaseMax to look at support in a new way, linking the goals of implementation and support. By combining these two areas into one team, CaseMax streamlined the transition from the high-level interaction of implementation to the steady pace of everyday support, giving rise to the next-generation client support model._____Hyland announced its acquisition of Learning Machine, an innovator in blockchain-anchored digital credentialing solutions. The acquisition was effective February 1, 2020.Learning Machine is a pioneer in leveraging blockchain technology to authenticate documents and content. Its credentialing solution facilitates the creation and sharing of blockchain-secured digital records that are recipient owned, vendor independent and verifiable anywhere. The Learning Machine Issuing System allows any organization to easily design their records, import recipient data, issue records and manage the entire credentialing lifecycle. The system allows governments, companies and educational institutions to issue blockchain records at scale, rooted in any blockchain they choose.“This acquisition is a major step toward our goal of revolutionizing the way organizations electronically exchange trusted records,” said Bill Priemer, president and CEO of Hyland. “The addition of Learning Machine’s digital credentialing solutions to Hyland’s content services platform will enable our customers to generate and manage digital documents that are both easily shareable and instantly verifiable.”“The use of blockchain technology for digital credentialing has become an increasingly urgent need as governments, educational institutions and organizations seek to combat fraud, mitigate risk and relieve administrative burdens associated with the exchange of content,” said Chris Jagers, CEO of Learning Machine. “This acquisition creates significant value for Learning Machine customers who will gain the full benefit of Hyland’s notable support, partnership and accountability.” Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Seth Welborn Sign up for DS News Daily Share Save Previous: CaseMax Announces Promotion, New Website Next: Freddie Mac: Mortgage Delinquencies Droppingcenter_img The Industry Pulse: Servicer Reports Strong Q4 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. The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago February 27, 2020 869 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post industry pulse Servicing 2020-02-27 Seth Welborn Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more

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Housing Market Metrics Show Record-Breaking Gains

first_img 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 The Best Markets For Residential Property Investors 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. April 22, 2021 1,174 Views The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago Previous: Delinquency Rate Significantly Improves Next: Gauging the Trajectory of America’s Racial Homeownership Gap About Author: Christina Hughes Babb Nationwide, existing home sales dropped from February to March, but all major regions of the country experienced year-over-year gains, according to the National Association of Realtors (NAR).It’s important to note that at this time last year homebuying came to a halt, or at least a pause, due to pandemic stay-home orders and recommendations.The newly released March 2021 numbers marked the second consecutive month of declines.Overall, completed transactions that include single-family homes, townhomes, condominiums, and co-ops, decreased 3.7% from February to a seasonally-adjusted annual rate of 6.01 million in March, NAR reported. Total sales climbed year-over-year, up from 5.35 million in March 2020 or 12.3%.The median existing-single-family home sales price jumped 18.4% to $334,500, a historic high.Despite several obstacles, the only thing that seems to be slowing home shoppers is the short supply of available properties on the market.”Consumers are facing much higher home prices, rising mortgage rates, and falling affordability, however, buyers are still actively in the market,” said Lawrence Yun, NAR’s Chief Economist.”The sales for March would have been measurably higher, had there been more inventory,” he added. “Days-on-market are swift, multiple offers are prevalent, and buyer confidence is rising.”By the end of March, housing inventory totaled 1.07 million units, which is a 3.9% increase from February, but down 28.2% from one year ago (1.49 million). Unsold inventory sits at a 2.1-month supply, modestly up from February’s 2.0-month supply and down from the 3.3-month supply recorded in March 2020.Inventory numbers have hovered around record lows since at least 1982 when NAR began tracking the single-family home supply.Yun remarked that the depleted supply could ultimately exacerbate wealth division among homeowners in this country.”Without an increase in supply, the society wealth division will widen with homeowners enjoying sizable equity gains while renters will struggle to become homeowners,” Yun said.Yun said although mortgage rates have inched up, they remain at a favorable level. Plus, he says, the economic outlook is promising.”At least half of the adult population has received a COVID-19 vaccination, according to reports, and recent housing starts and job creation data show encouraging dynamics of more supply and strong demand in the housing sector.”Distressed sales represented less than 1% of sales in March, equal to February’s percentage but down from 3% in March one year ago. This, of course, is a result of COVID-related foreclosure moratoria, forbearances programs and other allowances to assist struggling borrowers and their servicers.NAR’s housing market indicator report features more metrics, regional breakdowns, an explanation of the team’s methodology, and more, at NAR.org. Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Housing Market Metrics Show Record-Breaking Gains Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Housing Market Metrics Show Record-Breaking Gains 2021-04-22 Christina Hughes Babb Share 2Save Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

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Major jobs announcement expected this morning

first_img Twitter Facebook Pinterest Three factors driving Donegal housing market – Robinson Twitter By News Highland – July 15, 2010 Pinterest RELATED ARTICLESMORE FROM AUTHOR Previous articleNorth West MEPs score highly in new EU ranking systemNext articleConvoy death not suspicious – Gardai News Highland Facebook Guidelines for reopening of hospitality sector published An announcement is expected this morning of almost 200 new jobs for Letterkenny.United Healthcare, formerly Pacificare, are expected to employ 190 more people between now and the end of next year, bring their total workforce to 530. A formal announcement is understood to be imminent. The IDA has already predicted 10-thousand new jobs this year, more than double the number of positions created last year in the foreign direct investment area. CEO Barry O’ Leary says while it will not be possible to replace all the jobs that have been lost recently, he is optimistic about the coming months…………[podcast]http://www.highlandradio.com/wp-content/uploads/2010/07/leary10.mp3[/podcast]center_img Google+ Google+ WhatsApp WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week Newsx Adverts Calls for maternity restrictions to be lifted at LUH LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Major jobs announcement expected this morninglast_img read more

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Highland’s Farming News – Thursday 23rd February

first_img Calls for maternity restrictions to be lifted at LUH Highland’s Farming News – Thursday 23rd February By admin – March 24, 2017 Previous articleTwo key meetings taking place to discuss infrastructure in West DonegalNext articleVisiting restrictions lifted for most wards at Letterkenny University Hospital admin WhatsApp Google+ Google+ Guidelines for reopening of hospitality sector published LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton RELATED ARTICLESMORE FROM AUTHOR Facebook A 15 Minute Programme presented by Chris Ashmore every Thursday at 7.05pm highlighting all that’s happening in the farming community.Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2017/03/Farming27.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.center_img NewsPlayback Twitter WhatsApp Facebook Twitter Nine Til Noon Show – Listen back to Wednesday’s Programme Three factors driving Donegal housing market – Robinson Pinterest Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

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Clr David Alcorn gets top post in one of FF’s last acts in Government

first_img Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Pinterest News Need for issues with Mica redress scheme to be addressed raised in Seanad also RELATED ARTICLESMORE FROM AUTHOR Clr David Alcorn gets top post in one of FF’s last acts in Government WhatsApp Twitter Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Google+ Twittercenter_img Facebook By News Highland – January 16, 2011 Previous articleMan in a serious condition following Derry assaultNext articleMary Coughlan says Taoiseach will comment on his future today News Highland Donegal County Councillor David Alcorn has been listed today as one of FIanna Fails ‘cronies and insiders’ to receive a lucrative post in one of Fianna Fail’s last acts in Government.The Irish Independent claims the Fianna Fail led Government is ‘stuffing quangos and state boards with political cronies and insiders in its last weeks of office’Donegal Fianna Fail councillor David Alcorn has been appointed to the National Roads Authority, which paid its directors a total of €98,000 in 2008.The paper says that  291 plum jobs on state boards are to be filled by ministers by the end of February as the Government bestows its final gifts to its supporters before the expected decimation in the General Election. Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Google+ Guidelines for reopening of hospitality sector published Calls for maternity restrictions to be lifted at LUH last_img read more

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Just 4% of complaints to the Irish Language Commissioner from Donegal

first_img Facebook Just 4% of complaints to the Irish Language Commissioner from Donegal WhatsApp Facebook Twitter By News Highland – May 11, 2015 Google+ Just 4% of complaints made to the office of the Irish Language Commissioner last year came from Donegal.The details were contained in the Commissioner’s report released today.A total of 115 complaints were made to the Irish Language Commissioner in 2014.The annual report shows that in Donegal an investigation found that the Health Service Executive failed to comply with the statutory language obligations whilst communicating with parents and guardians of primary school pupils in the Donegal Gaeltacht in respect of dental services.Elsewhere, a Government Department had to overhaul its system for issuing cheques – after it put Chinese letters into someone’s name where there should have been fadas instead.The report reveals how one public body had to change the Irish signage on a van – because the Irish text written on it was wrong.A separate public body also had to re-issue a letter to customers after the original version had been translated from English to Irish using a faulty online translation tool.As part of its monitoring process, phone calls were made at different times to the main offices of localauthorities, during work hours and after work hours.Donegal and Laois County Councils were the only authorities that were using recorded oral announcements which were in compliance with the Regulations. Gardai continue to investigate Kilmacrennan fire 365 additional cases of Covid-19 in Republic Twitter Further drop in people receiving PUP in Donegal center_img 75 positive cases of Covid confirmed in North Pinterest Previous articleFears that NoWDOC service in Co Donegal set to be scaled backNext articleWork to resume on Harps stadium this summer News Highland RELATED ARTICLESMORE FROM AUTHOR Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp Homepage BannerNews Main Evening News, Sport and Obituaries Tuesday May 25th Pinterest Google+last_img read more

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