DS News Webcast: Wednesday 1/29/2014

first_img Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe Share Save in Featured, Media, Webcasts Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 2014-01-29 DSNews The Best Markets For Residential Property Investors 2 days ago Previous: Obama Focuses on Jobs, Wages in State of the Union Next: Carrington Names Branch Manager for Illinois Office Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Postcenter_img DS News Webcast: Wednesday 1/29/2014 Related Articles January 29, 2014 515 Views Home / Featured / DS News Webcast: Wednesday 1/29/2014 The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: DSNews Is Rise in Forbearance Volume Cause for Concern? 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home prices across the nation grew an average 13.7% year-over-year in November, according to the S&P Case-Shiller Home Price Indices released Tuesday. On a city-by-city basis, Dallas outperformed with an annual return of 9.9%, the highest gain since it was added to the index in 2000. Also standing out was Chicago its highest increase since 1988.That might be good news for the housing market, but Fitch Ratings says it won’t be much help for borrowers struggling to pay their loans. While rising home equity has had a positive influence on borrowers’ payment behavior, Fitch estimates the percentage of borrowers entering foreclosure with positive equity has doubled in the past two years amid modest economic improvement.However, with foreclosure starts dropping 26% last year to a six-year low according to RealtyTrac, there might still be reason enough to celebrate. Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agolast_img read more

Q3 GDP Revision Pushes Economy to Fastest Growth in a Decade

first_img Demand Propels Home Prices Upward 2 days ago A strong revision to consumer spending helped push the economy to its fastest growth rate in more than a decade last quarter.According to a third reading released Tuesday by the Bureau of Economic Analysis (BEA), gross domestic product (GDP) increased at an annualized rate of 5.0 percent in Q3, up from an earlier estimate of 3.9 percent and an estimate of 4.6 percent in the second quarter.It also marked the best growth rate for GDP since the third quarter of 2003, which saw the economy grow at a yearly rate of 6.9 percent.According to BEA, the latest quarterly estimate includes improved contributions from consumer spending, which is now estimated to have increased 3.2 percent compared to Q2’s 2.5 percent gain.Also improved in the third report was the contribution from nonresidential fixed investment, which increased 8.9 percent. Residential fixed investment—a measure of the housing market’s direct contribution to economic activity—increased just 3.2 percent.Despite the third quarter’s promising growth rate—which beat the 4.3 percent forecast by economists surveyed by the Wall Street Journal—analysts don’t expect the economy will be able to maintain that momentum in the fourth quarter, even with lower gas prices fueling spending.”The central story of the third and fourth quarters remains intact with the torrid growth in the second and third quarters not continuing into fourth quarter, but also not being problematic for 2015,” said Doug Handler, chief U.S. economist for IHS, which predicts real GDP growth will come in between 2.2–2.4 percent for all of 2014. “In conjunction with other recent releases on the economy, our assessment for growth [in] 2015 will now be around 3.0 percent.” Q3 GDP Revision Pushes Economy to Fastest Growth in a Decade Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Bureau of Economic Analysis Consumer Spending GDP IHS Global Insight 2014-12-24 Tory Barringer The Best Markets For Residential Property Investors 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Tagged with: Bureau of Economic Analysis Consumer Spending GDP IHS Global Insight December 24, 2014 986 Views The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Related Articlescenter_img Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily About Author: Tory Barringer Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Q3 GDP Revision Pushes Economy to Fastest Growth in a Decade Previous: DS News Webcast: Wednesday 12/24/2014 Next: Analysts Predict December Improvement for Existing-Home Sales Demand Propels Home Prices Upward 2 days ago  Print This Postlast_img read more

Will Recent Changes Turn Around JPMorgan’s Mortgage Banking Fortunes?

first_imgSign up for DS News Daily Share Save Will Recent Changes Turn Around JPMorgan’s Mortgage Banking Fortunes? The Best Markets For Residential Property Investors 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brian Honea Home / Daily Dose / Will Recent Changes Turn Around JPMorgan’s Mortgage Banking Fortunes? 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. The Best Markets For Residential Property Investors 2 days ago Previous: Counsel’s Corner: Updated HMDA Creates Concerns Over Privacy, Increased Costs Next: Fed Will Proceed With Caution on Future Rate Increases January 14, 2016 1,619 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Earnings JPMorgan Chase Mortgage Banking Profits While JPMorgan Chase’s earnings exceeded expectations for the fourth quarter of 2015, the bank’s Mortgage Banking division had a relatively disappointing quarter—which Chase hopes to turn around with a recent shakeup in Mortgage Banking Leadership.According to Chase’s Q4 2015 earnings statement released on Thursday, the bank pulled in a net income of $5.4 billion during the final quarter of the year—down from the $6.8 billion net income reported in Q3 but up from the $4.9 billion net income reported for the final quarter of 2014. Year-over-year in the fourth quarter of 2015, the bank’s earnings totaled a record-breaking $23.7 billion, up from $23.5 billion in the fourth quarter of 2014.”We had a good quarter as 2015 came to a close,” JPMorgan Chase CEO Jamie Dimon said. “The businesses generated strong loan growth and credit quality, except for some stress in energy. The consumer business continues to gather deposits, outpacing the industry. Markets were somewhat quieter, and we saw the impact reflected in the results of our trading and Asset Management businesses.”The Mortgage Banking division of JPMorgan Chase experienced a disappointing fourth quarter, however, with net income totaling $266 million, down 21 percent year-over-year. Net revenue also fell 10 percent to $1.7 billion. On the bright side, higher loan balances pushed net interest income up 11 percent to $1.1 billion. The bank hopes that two recent changes in leadership can turn around the Mortgage Banking Division’s fortunes in 2016: In December, Mike Weinbach changed roles at the bank, moving from head of Mortgage Servicing to become the CEO of Mortgage Banking. Earlier in January, the bank named Peter Muriungi as head of Mortgage Servicing to replace Weinbach.JPMorgan Chase started off 2016 on a positive note. On January 5, the Office of the Comptroller of the Currency announced it has released the bank from a mortgage-related consent order than had been in effect since June 2015 after finding Chase to be in full compliance with the order. At the same time, the OCC issued a $48 million civil penalty to the bank for previous violations of the consent order.The earnings statement also showed that JPMorgan’s net revenue rose 1 percent to $23.7 billion, thanks to higher revenue in Corporate and Consumer & Community Banking, but largely offset by lower revenue in Corporate & Investment Banking and Asset Management. Meanwhile, noninterest expense was $14.3 billion in the fourth quarter of 2015, down 7 percent.”The Firm is getting safer and stronger each year,” Dimon said. “We are continuing to adjust our strategy to the new world and to meeting all requirements. We see exciting opportunities to invest for the future, to continue to deliver better and faster for our clients and customers.”Click here to see JPMorgan Chase’s entire Q4 2015 earnings statement.  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Earnings JPMorgan Chase Mortgage Banking Profits 2016-01-14 Brian Honea in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Is the Market in a Constant Tug-of-War?

first_img Servicers Navigate the Post-Pandemic World 2 days ago February 7, 2018 1,670 Views 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 ago Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Is the Market in a Constant Tug-of-War? in Daily Dose, Featured, Market Studies, News Tagged with: HOUSING Lawrence Yun mortgage National Association of Realtors Home / Daily Dose / Is the Market in a Constant Tug-of-War? On Wednesday, new consumer survey data from the National Association of Realtors (NAR) was released—reporting that non-homeowners’ main motivators for deciding to buy a home are lifestyle changes, improvements in their financial situation, and having that part of the American Dream. However, the constant state of the market isn’t aligning with potential buyers’ desires.NAR’s survey titled, “Aspiring Home Buyers Profile” analyzed 2017 quarterly consumer insights from its Housing Opportunities and Market Experience (HOME) survey of non-homeowners for both renters and those living with a family member.As a result of the survey, over half—at 56 percent—of non-owners indicated they could not afford to buy a home each quarter, with the share feeling this way reaching its highest in the last three months of the year.According to Lawrence Yun, Chief Economist for NAR, severe inventory shortages are making homebuying less affordable and are dimming optimism among many renters who desire to be homeowners.”A tug-of-war continues to take place in many markets throughout the country, where consistently solid job creation is fueling demand, but the lack of supply is creating affordability constraints that are ultimately pulling aspiring buyers further away from owning,” he said. “These extremely frustrating conditions continue to be most apparent at the lower end of the market, which is why the overall share of first-time buyers remains well below where it should be given the strength of the job market and economy.”In addition, the rapid price growth is also impacting non-owner’s feelings towards homeownership. After reaching a high of 62 percent in Q3 2017, the percentage of respondents who believe now is a good time to buy decreased to 58 percent by the end of 2017.As for 2018, Yun anticipates that housing demand may increase by the millennial generation getting older and looking into different lifestyles. In fact, the survey discovered that the main reasons non-owners would buy a home in the future include getting married, starting a family or retiring, followed by an improvement in their financial situation, and the desire to settle down in one location.”Housing demand in 2018 will be fueled by more millennials finally deciding to marry and have kids and the expectations that solid job growth and the strengthening economy will push incomes higher,” said Yun. “However, with prices and mortgage rates also expected to increase, affordability pressures will persist.”Yup continued, “That is why it is critical for much of the country to start seeing a significant hike in new and existing housing supply. Otherwise, many would-be first-time buyers will be forced to continue renting and not reach their dream of being a homeowner.” Previous: Housing Sentiment Hits All-Time High Next: To Expand Servicing Opportunities, Narrow Your Focus Related Articles Share Savecenter_img Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe About Author: Nicole Casperson The Week Ahead: Nearing the Forbearance Exit 2 days ago 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 HOUSING Lawrence Yun mortgage National Association of Realtors 2018-02-07 Nicole Casperson  Print This Post Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days agolast_img read more

Real Estate Investment: The Only Way to Go?

first_img The Best Markets For Residential Property Investors 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Investment, Market Studies, News Investment Rental 2019-06-28 Seth Welborn Previous: Black Knight Enhances MSP Servicing System Next: Executive Changes Announced for Private Lender According to Real Estate Investor Grant Cardone, the housing market is “done in America.” Cardone told Yahoo Finance that the housing market will never come back, as sales of new homes fell by 7.8% last month, hitting a 5-month low, even as pending home sales notched a 1.1% gain.Despite Cardone’s bearish outlook, he states that real estate is currently the only place he’s willing to invest. Recently, the Wells Fargo/Gallup Investor and Retirement Optimism Index revealed that investor optimism has dropped, and according to a Gallup poll, it’s real estate, not stocks, that are considered to be the best investment. The poll indicates that 35% of Americans believe real estate to be the superior long-term financial investment, compared to 27% who say stocks are the better investment.Stock ownership has not quite reached pre-recession levels, and previous Gallup analysis showed that stock ownership has declined among most major U.S. subgroups since before the recession, with the exception of upper-income and older Americans. Gallup notes that their poll was conducted April 1-9, in the midst of a bull stock market and that with home values higher than they were before the recession, noting the likely returns.The investors themselves are primarily small mom-and-pop businesses, rather than larger institutions, according to CoreLogic. CoreLogic notes that the amount of homes purchased for investment has increased to its highest level in nearly 20 years, and  this increase is from smaller investors rather than large institutions. Investors are particularly focused on the rental market. Renting has picked up, with 36.6% of Americans as renters, up to a 50-year high, Yahoo reports. According to Cardone, the the Baby Boomer generation could be the cause of the rent increases. “We’re going to rent to 80 million Baby boomers in this country. Baby boomers are going to become the biggest renters in the country and millennials will follow,” Cardone said. Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 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. Tagged with: Investment Rental Share Savecenter_img Real Estate Investment: The Only Way to Go? Home / Daily Dose / Real Estate Investment: The Only Way to Go? About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago June 28, 2019 2,176 Views Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Subscribelast_img read more

The Industry Pulse: Updates on Experian, S&P, and More …

first_img Share Save  Print This Post Demand Propels Home Prices Upward 2 days ago Previous: Fire and Floods: The Economic Impact of Natural Disasters Next: Black Knight and Docutech Announce Strategic Alliance Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Industry Pulse: Updates on Experian, S&P, and More … From new appointments and rankings to new partnerships and mergers, get the latest industry buzz in this update.Susan Allen has been appointed as Head of Product for Experian Mortgage, the company announced recently. With more than 25 years’ experience as a risk management and product leader, Allen will be responsible for product strategy and execution of Experian’s suite of solutions for the mortgage industry. Allen, a recognized industry expert on mortgage data and analytics, property valuation, and risk management, is a patented inventor who has launched award-winning risk and analytics solutions.“At Experian, we want to support a modern mortgage experience through data, analytics and empowered consumers,” said Michele Bodda, General Manager Experian Mortgage. “We’re improving the current experience by reducing the time from mortgage application to close, mitigating fraud, and digitizing processes. I’m confident Susan’s leadership will be a tremendous asset to our team and our mission.”Allen has previously worked for CoreLogic, JPMorgan Chase, and General Motors Acceptance Corporation.__________________________________________________________________________Computershare Loan Service’s Specialized Loan Servicing’s “above average” ranking has been reaffirmed by global ratings agency S&P. S&P reported that Computershare’s U.S. mortgage servicing unit has invested in and matured its technology and operations commensurate with the measured growth of its portfolio and has a “strong internal control environment” and “good servicing performance metrics.”The rating agency noted that the company’s “experienced management” team continues to support its operations and that it believes that it “will remain a capable residential loan servicer for a variety of investors in the marketplace.”S&P also noted that, since its last review of its U.S. servicing operation in May 2018 that Computershare Loan Services had, completed its acquisition of LenderLive Financial Services. It had improved the training it provides staff members by providing additional alternation between classroom and on-the-job experience and greater support for contact center workers as well as hiring new coaches for new employees , enhanced its customer website to accommodate private-label clients, introduced new systems and technology for its customer service staff and elsewhere, better aligned its foreclosure and loss mitigation departments, and implemented an analytics tool to enhance the pipeline and timeline for foreclosures.__________________________________________________________________________ATA National Title Group, LLC (ATA), a full-service title insurance agency based in Farmington Hills, Michigan, announced that it has merged with InTitle Agency to expand its coverage in Ohio and Kentucky. Operating under the ATA umbrella, the new entity will remain as InTitle Agency.Terms of the transaction, which closed July 1, were not disclosed.“Our expansion with InTitle enables ATA’s continued growth in our key markets with a company that has similar values and vision to ours,” said William Robinson Jr., ATA President. “In addition, this expansion brings greater capacity to ATA with a broader range of people.”InTitle Agency will maintain its office in Cincinnati, Ohio, as well as its 11 employees, adding to ATA’s established Ohio presence. Currently, ATA operates four Talon operations in the Columbus area, as well as numerous offices in Indiana, Illinois, and Michigan. The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / The Industry Pulse: Updates on Experian, S&P, and More … Related Articles 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. center_img Tagged with: ATA National Title Group Computershare Loan Service Experian mortgage S&P Servicing title The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago ATA National Title Group Computershare Loan Service Experian mortgage S&P Servicing title 2019-08-08 Radhika Ojha August 8, 2019 1,423 Views in Daily Dose, Featured, News Servicers Navigate the Post-Pandemic World 2 days ago About Author: Radhika Ojha Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribelast_img read more

FHA Loans to be Focus of Next Webinar

first_img Demand Propels Home Prices Upward 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. Home / Daily Dose / FHA Loans to be Focus of Next Webinar Servicers Navigate the Post-Pandemic World 2 days ago September 10, 2019 1,425 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save About Author: Mike Albanese Industry leaders from Equator, BSI Financial, and LoanCare will discuss the workings of FHA loans during DS News’ latest webinar, “A Step Ahead: Advances in FHA Modeling,” set for 1 p.m. CDT on Thursday, September 12. According to Altisoure’s “State of the Servicer Industry” report, 86% of servicing professionals surveyed work on servicing FHA loans, while 72% said they expect their FHA loan portfolio to increase over the next two years. Panelists for the webinar are: Jarad Bernotavicz, Director of Product Engagement, Equator; John Lawrence, Chief Servicing Officer at BSI Financial; and Adam Sabb, EVP and COO of LoanCare. Sabb has been with LoanCare for the past two years, but spent the past two years as SVP of Operations at PNC, and Director/SVP of Operations for CitiBank. Lawrence has been with BSI for the past for years, and has worked for companies such as PIMCO, Fremont Investment and Loan, First American Title, and IndyMac Bank. Bernotavicz has spent the past decade at Equator, but worked at REOTrans and FFA prior to that. The webinar will discuss current FHA market trends and the need for strong default management capabilities, such as a need for strong loss mitigation early in the delinquency stage, timeline management, and strong cost oversight. Also discussed will be how different approaches can help different scenarios, such as using regional versus national vendors. The panelists will also discuss the benefits of using contractors near offices of the Housing and Urban Development, building stronger relations with HUD offices, and the benefits to using smaller property preservation companies. Additionally, speakers will detail how the challenges of managing default are best addressed by providing transparency and insight into forecasting strategy outcomes. There will also be talks of how data and analytics can be a benefit to FHA loans.  The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post FHA Loans Servicers Technology 2019-09-10 Mike Albanese FHA Loans to be Focus of Next Webinarcenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: FHA Loans Servicers Technology in Daily Dose, Featured, Loss Mitigation, News Previous: Identifying Delinquency Hotspots Next: Economists: More Rate Cuts on the Way 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 Subscribelast_img read more

Loans in Forbearance Hit Two-Month Low

first_imgHome / Daily Dose / Loans in Forbearance Hit Two-Month Low Related Articles Tagged with: Forbearance Mortgage Bankers Association Mortgages The Best Markets For Residential Property Investors 2 days ago July 21, 2020 1,715 Views in Daily Dose, Featured, Foreclosure, News The total number of loans in forbearance fell by 38 basis points to 7.8% as of July 12, 2020, with the Mortgage Bankers Association (MBA) estimating 3.9 million homeowners are still in forbearance plans.The MBA’s prior report found 8.18% of loans were in forbearance. Its latest survey covers the period from July 6 through July 12 and represents 75% of the mortgage market or 37.3 million loans.Loans guaranteed by the GSEs that are in forbearance fell for the sixth consecutive week to 5.64%, which is a 43-basis-point drop. Ginnie Mae loans in forbearance fell 30 basis points to 10.26%.”The share of loans in forbearance dropped to its lowest level in over two months, driven by an increase in the pace of exits as more homeowners have been able to get back to work,” said Mike Fratantoni, MBA’s SVP and Chief Economist. “The decline in the forbearance share was broad-based, with decreases for GSE, Ginnie Mae, and portfolio/PLS loans.”Fratantoni added that nearly half of the borrowers remaining in forbearance plans are now in an extension of the original term.“The pace of new forbearance requests remains quite low compared to earlier in the crisis, but we are watching carefully for any increases due to either the pick-up in COVID-19 cases or the cessation of enhanced unemployment insurance benefits at the end of this month,” he said.The Federal Housing Finance Agency (FHFA) announced earlier this month that Fannie Mae and Freddie Mac will extend several loan origination flexibilities until August 31. These flexibilities were set to expire on July 31, 2020.Extended flexibilities include:Alternative appraisals on purchase and rate term refinance loans;Alternative methods for documenting income and verifying employment before loan closing; andExpanding the use of power of attorney and remote online notarizations to assist with loan closings.In June, the FHFA announced the GSEs would extend their single-family moratorium on foreclosures and evictions until at least August 31. The moratorium applies to all GSE-backed mortgages and was set to expire on June 30.”To protect borrowers and renters during the pandemic we are extending the Enterprises’ foreclosure and eviction moratorium. During this national health emergency no one should worry about losing their home,” said Director Dr. Mark A. Calabria. Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Loans in Forbearance Hit Two-Month Low 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 agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Rent Prices Report Slowest Growth Since 2010 Next: FHFA Proposes Housing Goals for Fannie Mae, Freddie Mac The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Mike Albanese Share Save Forbearance Mortgage Bankers Association Mortgages 2020-07-21 Mike Albanese  Print This Post Subscribelast_img read more

Management confident winter vomiting bug is contained

first_img Twitter Guidelines for reopening of hospitality sector published Management at Letterkenny General Hospital says they are confident that measures introduced have contained the small outbreak of the winter vomiting bug in the hospital.A number of cases of Noro Virus were confirmed in patients who have gastroenteritis in the Orthopaedic Ward of the hospital leading to visiting restriction being introduced.Assistant General Manager Paddy Rooney says the situation would appear to be now contained:     [podcast]http://www.highlandradio.com/wp-content/uploads/2010/01/14paddy.mp3[/podcast] WhatsApp Twitter Calls for maternity restrictions to be lifted at LUH Google+ Previous articleFianna Fail Councillor questions calls for Donegal by-electionNext articleGardai make large drugs seizure in Carrigans News Highland WhatsApp Facebook Management confident winter vomiting bug is contained By News Highland – January 14, 2010 center_img Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Need for issues with Mica redress scheme to be addressed raised in Seanad also RELATED ARTICLESMORE FROM AUTHOR Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey News Google+ Facebook Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week last_img read more

Council confirms the testing of septic tanks has now begun

first_img Facebook Google+ Twitter Pinterest WhatsApp 75 positive cases of Covid confirmed in North Twitter Previous articleReilly to look into Donegal Paediatric Diabetes Service after concerns are raised in the DailNext articleNowDoc withdraws controversial new operating procedures News Highland Facebook Pinterest By News Highland – April 2, 2014 365 additional cases of Covid-19 in Republic center_img RELATED ARTICLESMORE FROM AUTHOR Donegal County Council has confirmed this morning that in the interim period between the EPA drafting its mid year report and its publication today, the septic tank inspection programme has begun in the county and approximately 10% of inspections have now been completed.This morning, EPA figures to the end of February showed that Donegal was one of four counties which had not yet commenced inspections. However, in a statement to Highland Radio News a short time ago, the council confirmed that testing has now begun.The council says homeowners have been and will be notified in advance of the inspection and provided with advice on what to expect from an inspection and how to prepare for it. The inspections will continue across the 5 electoral areas over the coming months and, as indicated by the EPA, Donegal County Council is committed to completing the programme allocated to the county under the National Inspection programme.Nationally, there’s been a failure rate of just over 50%, with no indication yet of what the situation will be in Donegal. Council confirms the testing of septic tanks has now begun Main Evening News, Sport and Obituaries Tuesday May 25th Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp News Further drop in people receiving PUP in Donegal Google+ Gardai continue to investigate Kilmacrennan firelast_img read more