Single-Family Built-for-Rent Market Higher than Historical Average, but Still Below Peak

first_img Built-for-rent homes Investors NAHB National Association of Home Builders Single-Family Homes 2015-05-22 Brian Honea Home / Daily Dose / Single-Family Built-for-Rent Market Higher than Historical Average, but Still Below Peak Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The number of single-family homes built-for-rent experienced a 50 percent year-over-year decline in Q1 2015, from 4,000 starts in the same quarter a year earlier down to 2,000 starts, according to data released recently by the National Association of Home Builders (NAHB).The Q1 market share for single-family build-for-rent homes stood at 3.5 percent of all single-family starts during the quarter, which is higher than the historical norm (2.8 percent) but lower than the peak of 5.8 percent in early 2013. The market share is measured on a one-year moving average using NAHB analysis and the Census Bureau’s Quarterly Starts and Completions by Purpose and Design. Since estimates for the market are small, there are rarely any significant statistical changes from one quarter to the next.The market share for built-for-rent homes increased following the financial crisis of 2008, despite a share higher than the historical average in Q1, the total numbers overall are low. This particular measure includes only single-family homes that are built and rented out; it does not include homes that are sold to another party to rent.”Despite the elevated market concentration, the total number of single-family starts built-for-rent remains fairly low – only 23,000 homes started during the last four quarters,” said Robert Dietz, economist for the NAHB, on the Eye on Housing blog. “It appears the market is returning to historical averages after recent peaks.”Dietz said according to a 2011 American Consumer Survey, the single-family home share of rental housing stock was 29 percent, considerably larger than the built-for-rent share of single-family homes – because single-family homes often transition to rental housing stock as they get older. Share Save Previous: Housing Forecast Calls for Increase in Existing-Home Sales Next: REO Share Still Way Above ‘Normal’ Levels in Many Metros The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea May 22, 2015 1,364 Views 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Single-Family Built-for-Rent Market Higher than Historical Average, but Still Below Peak in Daily Dose, Featured, Market Studies, News  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Built-for-rent homes Investors NAHB National Association of Home Builders Single-Family Homeslast_img read more

What Gorsuch Means for Business, Regulators

first_img Previous: CFPB Director to Address Industry Leaders at Five Star Government Forum Next: Positive Job Report to Lead to Supply, Rate Increases The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save February 2, 2017 1,173 Views Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Neil GorsuchJudge Neil Gorsuch, President Donald Trump’s choice to take the open Supreme Court seat left by the late Antonin Scalia, has modeled his career as a jurist on his late predecessor’s. That spells good news for American business but bad news for independent administrative agencies.Gorsuch is more well known for his writing on subjects including religious liberty and euthanasia, less so for business law. Looking at his past rulings, however, shed light on a history friendly to business and suggest corporations may soon have a friend on the Supreme Court.Reports from the Wall Street Journal show Gorsuch opposing class action lawsuits over alleged violations of securities law, which he referred to as “opportunistic shakedowns” by lawyers. Other previous cases show Gorsuch to be likely to force more consumers to resolve disputes with companies through arbitration rather than the court system.Gorsuch’s questioning of the “Chevron deference” doesn’t bode well for administrative agencies like the Environmental Protection Agency, Federal Communications Commission, or the Consumer Finance Protection Bureau. The Chevron deference is considered a cornerstone of administrative law which states when a given law or rule is unclear, the courts should defer to the agency in question as they are presumably expert.Critics of the concept, including Gorsuch, argue it give too much power to administrative agencies and shields them from proper judicial oversight.Gorsuch believes “broadly worded enforcement statutes” have meanings that can be understood from their texts without interpretation.As much as Gorsuch follows Scalia’s example, he differed in that Scalia supported Chevron as “important for maintaining the smooth functioning of the administrative state,” according to a Forbes report.Gorsuch is one of a small group of judges beginning to question the constitutionality of the power of and the deference to unelected bureaucrats. Judge Brett Kavanaugh of the D.C. Circuit Court of Appeals wrote a decision last year declaring the structure of the Consumer Financial Protection Agency unconstitutional, a decision leading to an ongoing court battle involving several attorneys general and Democratic lawmakers coming to the defense of the CFPB. Sign up for DS News Daily Subscribe Phil Banker began his career in journalism after graduating from the University of North Texas. He has covered a number of communities across Texas and southern Oklahoma, writing news and sports for publications including the Ardmoreite, Ennis Daily News and the Plano Star-Courier. He is currently a contributor to DS News and The MReport. About Author: Phil Banker Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / What Gorsuch Means for Business, Regulators  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 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 2017-02-02 Phil Banker Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, Headlines, News What Gorsuch Means for Business, Regulatorslast_img read more

How Equifax Could Change Arbitration

first_img Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post How Equifax Could Change Arbitration in Daily Dose, Featured, News About Author: Joey Pizzolato The Best Markets For Residential Property Investors 2 days ago The recent Equifax breach of data of over 143 million American consumers via efforts by hackers could have breathed new life into the Consumer Financial Protection Bureau’s (CFPB) recent anti-arbitration clause, according to a report by the Los Angeles Times.The rule, which has been under the spotlight since its passing in early July, bars mandatory arbitration to allow consumers to proceed directly with class action law suits. Congress, especially Jeb Hensarling, who has long been at odds with CFPB Director Richard Cordray, has threatened to invoke the Congressional Review Act in order to overturn it. Many didn’t expect the ruling to go further.However, Equifax may have given the rule new legs to stand on, given the way things have played out in recent days. First, according to the LA Times, after the news broke of the data breach, the company offered a year of free credit monitoring with the stipulation class action suits were forbidden.Once the news broke that this was the case, Equifax amended their statement, saying enrollment in the free credit monitoring program ““does not waive any rights to take legal action.” They also said that enrolling in the free credit monitoring program would not automatically sign consumers up for the paid program.Keith Noreika, the acting Comptroller of the Currency, had asked Cordray to delay the implementation of the ruling so the OCC could assess how it would affect the banking industry. Cordray was not receptive to the request.It remains unclear as to how Equifax’s current slip-up will affect the success of the CFPB’s arbitration rule. The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] Subscribe Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Tagged with: data breach HOUSING mortgage Governmental Measures Target Expanded Access to Affordable Housing 2 days ago September 12, 2017 1,266 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Previous: 3 Factors Real Estate Professionals are Overlooking Next: Bringing Fintech to the Forefront Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago data breach HOUSING mortgage 2017-09-12 Joey Pizzolato Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / How Equifax Could Change Arbitrationlast_img read more

G-Fees at the GSEs

first_imgHome / Daily Dose / G-Fees at the GSEs Fannie Mae FHFA Freddie Mac GSEs Guarantee Fees loans LTV mortgage Products Risk 2018-12-11 Radhika Ojha G-Fees at the GSEs December 11, 2018 1,933 Views Share Save Sign up for DS News Daily About Author: Radhika Ojha Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post in Daily Dose, Featured, News, Secondary Market The Best Markets For Residential Property Investors 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The average single-family guarantee fee on 30-year fixed rate loans fell by 1 basis point to 59 basis points in 2017, according to a report on Fannie Mae’s and Freddie Mac’s single-family guarantee fees in 2017 by the Federal Housing Finance Agency (FHFA).The report analyzes the government-sponsored enterprises’ (GSEs’) average guarantee fee and gives a breakdown by product type, risk class, and volume of their business. It also analyzes the costs of providing the guarantee and gives a comparison to the guarantee fee data of the prior years.The upfront portion of the guarantee fee, which is based on credit risk attributes such as loan purpose, loan-to-value ratio (LTV), and credit score, fell 1 basis point to 15 basis points in 2017. The ongoing portion of the guarantee fee, which is based on the loan product type such as fixed-rate or ARM, and loan term, increased 1 basis point to 41 basis points, the report noted.Higher interest rates in 2017 led to a smaller share of both rate-term refinances and the 15 -year loans acquired by the GSEs compared to the prior year. The report also indicated a slight increase in the share of loans with higher LTV and lower credit scores due to a larger share of purchase loans and a growing focus by Freddie and Fannie on pilot programs for first-time homebuyers and affordable housing.Looking at the profitability of the loan types, the report indicated modest changes in 2017. While expected profitability improved slightly for 30-year fixed rate loans, it declined for a 15-year fixed rate and ARM loans.Breaking down the numbers and comparing them to historical data, the report found that while guarantee fees had remained unchanged in 2016 and 17, they had increased between 2013 and 2014. Over the five year period that was covered under this report, the acquisition profile in 2017 reflected a slightly higher risk mix overall compared with 2016.Click here to read the full report. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe 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. Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: The 2019 Housing Market Next: Flipper-Uppers The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Fannie Mae FHFA Freddie Mac GSEs Guarantee Fees loans LTV mortgage Products Risklast_img read more

State of the Foreclosure Market

first_img Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Related Articles December 13, 2018 3,731 Views Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / State of the Foreclosure Market The Best Markets For Residential Property Investors 2 days ago Subscribe  Print This Post Servicers of some of the largest banks in the U.S. initiated 28,508 new foreclosures during the third quarter of 2018, according to the Office of the Comptroller of Currency’s (OCC’s) Mortgage Metrics report. This marked a 3.7 percent quarter-over-quarter decrease and a 16.8 percent decline from a year ago.Home forfeiture actions during the quarter that included completed foreclosure sales, short sales, and deed-in-lieu-of-foreclosure action, decreased 30.4 percent from last year to 15,506.The report is based on data collected on first-lien residential mortgage loans serviced by seven national banks with large mortgage servicing portfolios. They include Bank of America, Citibank, HSBC, JPMorgan Chase, PNC Bank, U.S. Bank, and Wells Fargo. The report excludes mortgage loans like junior liens, home equity lines of credit (HELOC), and reverse mortgages.Looking at loan modifications in Q3, the report indicated that servicers completed 25,701 modifications, a decrease of 21.3 percent over the last quarter. Of these, 21,766 were combination modifications that included “multiple actions affecting affordability and sustainability of the loan, such as an interest rate reduction and a term extension.”Among the 21,766 completed combination modifications, the report said, 96.6 percent included capitalization of delinquent interest and fees, 43.4 percent included an interest rate reduction or freeze, 96 percent included a term extension, 1.2 percent a principal reduction, and 13.5 percent included principal deferral.The report also said that of the 23,427 modifications that were completed during the first quarter of 2018, “servicers reported 3,580, or 15.3 percent, were 60 or more days past due or in the process of foreclosure at the end of the month that they became six months old.”The report also looked at the overall mortgage portfolio and performance of the loans. It revealed that as of September 30, 2018, the reporting banks had serviced 17.2 million first-lien mortgage loans with $3.26 trillion in unpaid principal balances indicating 32 percent of all residential mortgage debt outstanding in the U.S.The OCC said that banks reported an improvement in the overall mortgage performance in Q3 compared to the same period a year ago with 95.4 percent mortgages current and performing compared with 94.8 percent a year ago.Click here to read the full report. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Radhika Ojhacenter_img State of the Foreclosure Market Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Bank of America Citibank Foreclosure HSBC JPMorgan Chase Loan Modification mortgage Mortgage Performance OCC PNC Bank U.S. Bank Wells Fargo 2018-12-13 Radhika Ojha in Daily Dose, Featured, Foreclosure, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: The Skies Ahead Next: Gender Gap in Homeownership Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Bank of America Citibank Foreclosure HSBC JPMorgan Chase Loan Modification mortgage Mortgage Performance OCC PNC Bank U.S. Bank Wells Fargo 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. last_img read more

Natural Disaster Meets Digital Disruption

first_imgHome / Daily Dose / Natural Disaster Meets Digital Disruption Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Investment, News, Print Features, Technology The Week Ahead: Nearing the Forbearance Exit 2 days ago Editor’s note: This feature originally appeared in the October issue of DS NewsLike many of you, I’ve been in the industry long enough to have survived the financial crisis and then some, so when I hear familiar phrases like “workflow automation” or “operational readiness,” it’s not the first time. However, amidst what may seem like a lull in financial recovery, our industry is absolutely on the cusp of digital disruption. We are also heading toward the third consecutive year for historic volumes of natural disaster.The intersection of these two “Ds”—disasters and digital disruption—creates the perfect springboard for improving response times and service through the automation of disaster recovery processes. Moreover, a digital disruption can be a catalyst for realizing similar benefits throughout your organization. The overall bottom-line opportunity can help offset shrinking resources and margins as well as provide improved transparency for your borrowers, industry partners, and investors alike.Creating an Opportunity Out of Disaster Recovery Our industry needs to understand and embrace disaster assistance, despite the disturbance, volatility, and resource constraints involved. Whatever the disaster, it is an opportunity to strategically service the borrower in ways that create long-standing customer loyalty and preference.There shouldn’t be a difference in how borrowers are treated at various stages of the loan lifecycle, especially during times of unforeseen disaster. When approaching or rethinking your disaster-recovery strategy, consider implementing technologies that can seamlessly take the customer from onboarding through each phase of servicing, including loss mitigation—with no gaps. Such capabilities are valuable for servicing in general but even more important when evaluating an uncontrollable event such as a natural disaster.Imagine taking a proactive approach that will move your organization away from not only reactively responding to the onset of borrower calls but through numerous changing programs and requirements for disaster-recovery assistance. Tapping automation that goes beyond basic rules, puts control and flexibility in the servicer’s hands, simultaneously supports change and urgency, and offers management transparency is not an impossibility. The opportunity exists and is available today.Minimize Risk While Managing Through DisasterAs any mortgage servicer will attest, managing through natural disaster events can wreak havoc on the cost of servicing. This is why today’s technology needs to help reduce risk for servicers, as well as their borrowers and investors, when a disaster occurs. The goal is to minimize expenses and add controls during events that can quickly go in the other direction if planning and proactive strategies are not in place.When planning your strategy, it’s important to look at all of the pieces of the process that need to come together when disaster strikes. Obviously, the phone rings first, but borrower support can last for many months as related issues, including delinquencies, accumulate. During this time, borrowers and investors are both looking for immediate and continuous communication from the servicer, who must also strive to reduce errors and response times.Events, timelines, program qualifications, and collateral damage can all come into play. By implementing a sophisticated workflow application, servicers are able to track, manage, and cure disaster related activities, improving scalability, maximizing resource utilization, and minimizing risk during a time of duress for all parties.Bringing Industry Participants TogetherAs tragic and tumultuous as disasters are, in general, they can also bring people together. In the case of mortgage servicers, putting the borrower and investor first in line can bring all parties closer to solving the shared challenges tied to disaster. Through automated workflow technologies, servicers are able to improve relationships with customers by providing quick, efficient, and flexible service. Investors want accurate and timely reporting, which can be accomplished through a similar approach.By leveraging emerging technologies that move beyond basic rule management, servicers can also maximize their utilization of data and AI, coupled with eligibility modeling and flexible reporting. This lift is immediately transferred to borrower and investor inquiries. The result is a combination of automation powered by communication, coupled with problem-solving capabilities that have the capacity to speed up the process and mitigate the overall potential on the bottom line.While there are any number of automated workflow technologies available to servicers, the best are those which have evolved with our industry through the entire post-financial crisis era. These solutions have migrated into increasingly sophisticated applications that leverage a complete suite of investor programs targeted to support loss mitigation, including disaster recovery strategies.A high-quality workflow technology provider should also be able to assist servicers in automating their strategic approaches to process administration, change management, risk control, and cost containment. Whether your team is dealing with borrower mobile communications managing insurance remittance for property repair, or the complex network of conflicting timelines, there are solutions on the market that are already configured to help address your needs. Partnering with such a provider can help you stay on the forefront of digital disruption with technology that derives flexibility from sophisticated data streams and AI, delivered through a user-friendly application that is mobile-ready.Bringing data disruption to disaster recovery reflects where our entire industry is headed. With emerging technology, we no longer have to treat event-based obstacles as a one-off, exception-handling juggling exercise. Embracing technology actually helps you put the customer at the forefront of your operation as well. Sophisticated automated workflow applications can bring all of these aspects to your organization in fairly short order.Workflow has changed, like everything else in our industry, so take your time and find a partner that understands both the value of your customer and the importance of your corporate culture. Simply checking boxes and implementing basic industry rules will not get the job done in today’s market. Mortgage servicers need innovative partners that understand the difference between business and success.The bottom line is that natural disasters do not need to create workflow disasters—nor should they. They offer a prime opportunity for servicers to enhance customer service and take a giant technological leap forward. The key is to capitalize on technologies emerging out of digital disruption to manage disaster recovery and win customer allegiance at the same time. By letting automation handle the ups and downs of disaster mitigation, as well as its complexities, servicers can create eternal customer loyalty. Previous: The Intersection of Mortgage and Fintech Next: REO Activity’s Ups and Downs Jane Mason is the Founder and CEO of Clarifire and the creator of the CLARIFIRE, a sophisticated, automated workflow engine that streamlines and integrates all of an organization’s business operations. Under Mason’s leadership, CLARIFIRE has won numerous awards over the years including one of Cloud’s Top 500 Applications Vendors for the past two consecutive years. She can be reached at [email protected] or on LinkedIn at LinkedIn.com/in/clarifire. Subscribe Demand Propels Home Prices Upward 2 days ago Disaster 2019-10-16 Seth Welborn October 16, 2019 1,244 Views Related Articles About Author: Jane Masoncenter_img Share Save Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Natural Disaster Meets Digital Disruption Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Disaster The Best Markets For Residential Property Investors 2 days ago  Print This Postlast_img read more

Default Servicing’s Most Popular Topics in 2019

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Subscribe  Print This Post The Best Markets For Residential Property Investors 2 days ago default HOUSING Servicing 2019-12-20 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Presidential Candidates Lay Out Housing Plans Next: Fitch Ratings: SALT Deductions Stalling Growth and RMBS Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, Market Studies, Newscenter_img 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. December 20, 2019 2,465 Views About Author: Seth Welborn Mortgage credit performance, with a focus on mortgage default rates, was one of the most popular topics among mortgage professionals in 2019, according to CoreLogic’s year-end lookback. According to CoreLogic, the most read blog article for 2019 discussed decreases in serious delinquency rates and the differences in delinquencies for conventional, FHA and VA loans. The January article, “Mortgage Delinquency Rates for All Loan Types Continue to Fall,” identified year-over-year mortgage delinquency rate declines between 2018 and 2017, an ongoing trend that continued into 2019.  For example, the most recent CoreLogic Mortgage Monitor Report revealed that the overall delinquency rate was 3.8% nationwide in September, down from 4.4% a year earlier and the lowest for the month of September in more than 20 years.While overall delinquency fell, serious delinquency rates have begun to flatten out at low levels. The serious delinquency rate, defined as 90 days or more past due, including loans in foreclosure, was 1.3% in September 2019, down from 1.5% in September 2018. Likewise, the share of mortgages that were 30 to 59 days past due—considered early-stage delinquencies—was 1.9% in September 2019, down from 2.2% in September 2018. The share of mortgages 60 to 89 days past due was 0.6% in September 2019, down from 0.7% in September 2018.Another popular topic in 2019 was the Qualified Mortgage GSE Patch, along with the nature of non-qualified mortgages. Earlier this year, the CFPB announced that it would be focusing its attention on the Patch, on loans that are eligible to be purchased or guaranteed by either Fannie Mae or Freddie Mac. While proponents of the QM Patch say that its expiry in 2021 would make homes less affordable, especially in the lower-tier housing market, an article in Forbes points out that if the Trump administration wants to improve housing affordability, “it needs to expand the role of private markets through increased competition.”CoreLogic’s complete list of the most popular topics this year can be found here. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Default Servicing’s Most Popular Topics in 2019 Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Default Servicing’s Most Popular Topics in 2019 Tagged with: default HOUSING Servicing Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days agolast_img read more

Fine Gael opposes plans to introduce legislation banning corporate donations

first_img Fine Gael has defended its decision to accept corporate donations from bankers and builders who owe money to NAMA.It follows newspaper reports of a Fine Gael fundraiser the K-Club attended by construction industry bosses and bank chiefs.The party’s director of elections Phil Hogan says Fine Gael will oppose plans by the Government to introduce legislation banning corporate donations.Speaking at the MacGill Summer School in Glenties – he said the party makes no apology – and offers no favours in return for accepting corporate gifts:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/07/08phil1.mp3[/podcast] WhatsApp By News Highland – July 20, 2010 Facebook Three factors driving Donegal housing market – Robinson Google+ Newsx Adverts Calls for maternity restrictions to be lifted at LUH WhatsApp Pinterest Fine Gael opposes plans to introduce legislation banning corporate donations Previous articleFifth man found guilty of assaulting schoolgirlNext articleMichéal Martin defends governments decision not to hold Donegal SW by-election News Highland center_img Guidelines for reopening of hospitality sector published Facebook Twitter Twitter Help sought in search for missing 27 year old in Letterkenny RELATED ARTICLESMORE FROM AUTHOR Google+ NPHET ‘positive’ on easing restrictions – Donnelly 448 new cases of Covid 19 reported today Pinterestlast_img read more

Social finance seminar this evening for community groups and clubs in Donegal

first_imgFurther details -A free seminar in Donegal in relation to obtaining finance by local community organisations, social enterprises and sports clubs will be held hosted by Community Finance (Ireland). With up to €100 million available in funding, Community Finance (Ireland) is one of the largest providers of social finance to the community and voluntary sector on the island of Ireland and will be hosting the “Investor Ready” seminar for social enterprises, community organisations and sports clubs based in Donegal.The “Investor Ready” seminar will be held on Wednesday 14th October in Niall Mor Centre, Killybegs, 7.30 p.m.As well as Áislann Chill Chartha in Donegal, Community Finance (Ireland), as part of the wider UCIT Group, has funded over 400 community and volunteer organisations on the island of Ireland across a range of sectors and projects, including enterprise and workspace projects, rural development projects, childcare schemes, housing associations, community transport, energy & environmental initiatives and sports and recreation facilities.Donal Traynor, Associate Director of Community Finance (Ireland) said “With over €100 million available in funding, Community Finance (Ireland) is looking to work with local organisations and social enterprises that are delivering an immediate social impact to the community but cannot access finance from traditional lenders like banks or building societies.”“The event in Donegal will be a step by step guide on how to access funds from Community Finance (Ireland). Community Finance (Ireland) has made our “Investor Ready” seminars very accessible, so they are low on jargon and assume that the people attending may never have had to access repayable finance before. We would encourage every community organisation, sporting club or social enterprise to attend and find out more about how to obtain funding from Community Finance (Ireland).” continued Donal Traynor.Martina O’Donnell Manager of Áislann Chill Chartha said that “We needed fast capital to fulfil a large project in refurbishing our Health & Fitness Suite.  This would enable us to widen our customer base and generate more income providing extra services to our new and existing customers.  We had an associate from Community Finance (Ireland) to walk us through the loan process and experienced an easy and fast route to getting finance.  We were happy with the results and I would highly recommend Community Finance (Ireland) to other businesses because of the efficiency and friendliness.”Attendance at the “Investor Ready” seminar is free, but local organisations wishing to attend should register in advance with Community Finance (Ireland) or visit www.communityfinance.ie. Social finance seminar this evening for community groups and clubs in Donegal Community organisations, social enterprises and sports clubs are being invited to a seminar on finance options at the Niall Centre in Killybegs tonight, hosted by Community Finance Ireland.The group, one of the largest providers of social finance in Ireland says it has up to €100 million available in funding, and has supprted over 400 community and volunteer organisations across the island for almost 20 years.Spokesperson Donal Traynor says Community Finance Ireland is looking to work with local organisations and social enterprises that are delivering an immediate social impact to the community but cannot access finance from traditional lenders like banks or building societies…………..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/10/communityfinance.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Facebook Pinterest GAA decision not sitting well with Donegal – Mick McGrath WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Calls for maternity restrictions to be lifted at LUH Facebook Google+ Twitter RELATED ARTICLESMORE FROM AUTHOR Pinterest By admin – October 14, 2015 Homepage BannerNews Previous articleDoherty and Mac Lochlainn both support a three candidate strategyNext articlePringle questions BIM claim that 89 jobs were created in Killybegs admin Google+ Twitter Guidelines for reopening of hospitality sector published Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApp Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

IFA: Donegal Creameries deal good news for farmers

first_img Minister McConalogue says he is working to improve fishing quota Donegal farmers have given a warm welcome the the news that Donegal Creameries has agreed the sale of its milk market to Connacht Gold.The deal, which includes Donegal Creameries Retail business, is worth 13.5 million euro to the company but could rise to almost 21 million depending on how the business performs.Pj McMonagle is the head of the Irish Farmers Association in Donegal – he says the deal is good news for his members:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/11/ifar10sale.mp3[/podcast] IFA: Donegal Creameries deal good news for farmers Pinterest Dail hears questions over design, funding and operation of Mica redress scheme Facebook WhatsApp Need for issues with Mica redress scheme to be addressed raised in Seanad also WhatsApp Pinterest RELATED ARTICLESMORE FROM AUTHOR Twittercenter_img 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Newsx Adverts Google+ Google+ Facebook Previous article75 year-old Castlederg man completes his 32nd Dublin City MarathonNext articlePolice appeal after teenage girl is assaulted in Derry News Highland Twitter By News Highland – November 1, 2011 Man arrested in Derry on suspicion of drugs and criminal property offences released Dail to vote later on extending emergency Covid powerslast_img read more