Month: May 2021

 

The White House on Housing: A Look Back and Ahead

first_img Share Save Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Home / Daily Dose / The White House on Housing: A Look Back and Ahead January 18, 2017 1,351 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles in Daily Dose, Featured, Government, News Previous: A Tale of Two Earnings Reports Next: Freedom Mortgage Joins the Simplifile Network 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. About Author: Scott Morgan The White House on Housing: A Look Back and Ahead Tagged with: housing industry Obama administration Trump administrationcenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago At two recent panel discussions at the Urban Institute , two groups of housing experts took a look back at the Obama Administration’s legacy on housing and a look ahead at what the Trump Administration will bring.When President Obama took office in 2009, “housing prices were in free fall, hundreds of thousands of jobs were being lost each month, and the lending industry was overwhelmed by a tidal wave of foreclosures,” Urban Wire wrote. The new administration was challenged with pumping credit into the housing market in the middle of a total collapse in credit, and it had limited resources to work with.Phyllis Caldwell, former chief of the Homeownership Preservation Office at Treasury, said at the first panel last week that in the Troubled Asset Relief Program (TARP), the government “had a $50 billion program [and] $750 billion of negative equity in the system.”That panel’s most singular conclusion about the Obama years was that the administration’s aggressive tactics saw the market reach bottom, but then saw the liquidity and insolvency crises reverse while home prices, negative equity, and foreclosures changed course. Still, the panel said, the biggest yet-to-be-resolved issues in housing are the fate of the GSEs and the fundamental question, “How do you get the most for Americans out of our current housing finance system?”A second panel that met on Tuesday looked at where Republican leadership might take housing policy. Most notably, the speakers agreed on the importance of three issues: reforming the Federal Housing Administration, reforming Fannie Mae and Freddie Mac, and addressing the affordable housing crisis in the rental market.The panelists agreed that the current structure of the GSEs must change. However, the range of views as to what kind of change is in order reflected the diverse views held by pro-reformers in general.Mark Calabria, director of financial regulation studies at the Cato Institute, said he would like to see government support for the system pulled back or withdrawn altogether, while Shawn Krause, EVP of Quicken Loans and a member of the Trump Administration’s HUD Transition Team, warned of the dangers of such a move and questioned whether private capital would step in without government support.Despite any dissenting views on how to clean up the GSEs, the panel agreed that reforming the GSEs alone would not do enough to mitigate taxpayer risk. The FHA also must be part of any comprehensive reform effort. One solution is technology investment, Krause said.“Systems go down for weeks at a time, so I believe [the FHA] needs more money for technology,” he said.Several panelists said that it is time to authorize the FHA to use premium revenues to cover administrative expenses, even if premiums increase as a result.  Print This Post housing industry Obama administration Trump administration 2017-01-18 Brian Honea The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

 

Protection for Veterans

first_img Foreclosure Veterans 2017-07-17 Brianna Gilpin Sign up for DS News Daily  Print This Post The Best Markets For Residential Property Investors 2 days ago Related Articles Tagged with: Foreclosure Veterans Protection for Veterans Servicers Navigate the Post-Pandemic World 2 days ago Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Share Save Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Protection for Veterans The Week Ahead: Nearing the Forbearance Exit 2 days ago Senator Blumenthal (D-Connecticut) recently supported a Federal law that was put into place offering veterans facing foreclosure a one-year moratorium under particular conditions, but the outpouring of encouragement from local veterans has moved him to consider drafting a new measure. To see the full story, click here.center_img Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Government, Media, News, Story Crawl Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brianna Gilpin Previous: Sliding Into an Economic Slowdown Next: One for the Record Books Data Provider Black Knight to Acquire Top of Mind 2 days ago July 17, 2017 1,655 Views Subscribelast_img read more

 

The Week Ahead: Breaking Down Housing Trends

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The Week Ahead: Breaking Down Housing Trends February 4, 2018 1,387 Views Subscribe Arch MI http://www.dsnews.com/wp-content/uploads/2018/02/iStock-638559506.jpg Ralph DeFranco the week ahead 2018-02-04 David Wharton in Daily Dose, Featured, Headlines, News  Print This Post The Best Markets For Residential Property Investors 2 days ago Previous: Single-Family Rental Lease Expirations and Vacancy Rates Improving Next: CoreLogic to Redistribute GSE Credit Risk Transfer Data Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: David Wharton Tagged with: Arch MI http://www.dsnews.com/wp-content/uploads/2018/02/iStock-638559506.jpg Ralph DeFranco the week ahead Servicers Navigate the Post-Pandemic World 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 On Monday, Arch MI, a leading mortgage insurance provider, is hosting an exclusive complimentary webinar featuring insights from Ralph DeFranco, Arch Capital’s Global Chief Economist. DeFranco writes the quarterly Housing and Mortgage Market Review (HaMMR) for Arch MI, and during Arch MI’s “Housing Update-Winter 2018” webinar, DeFranco will be discussing:Which way the key housing indicators are pointingWhich cities have the most over- and undervalued home valuesEstimates of the probability of regional home price changesA look at what rising rates do to home sales and pricesThe MSAs and regions most at risk due to lower energy pricesThe webinar will happen Monday, February 5, from 12 – 1 p.m. CST. You can register by clicking here.Here’s what else is happening in The Week Ahead.The Five Star Institute’s Motown Throwdown, Tuesday, 6:30 p.m.CST, at the Palace Arts Center in Grapevine, TexasMBA Mortgage Applications, Wednesday, 7 a.m. ESTJobless Claims, Thursday, 8:30 a.m. ESTFed Balance Sheet, Thursday, 4:30 p.m. ESTFreddie Mac Primary Mortgage Market Survey, ThursdayNAHB Housing Opportunity Index, Thursday Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / The Week Ahead: Breaking Down Housing Trends Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

 

What’s Happening to Mortgage Default Risks?

first_img The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Headlines, Journal, News  Print This Post Home / Daily Dose / What’s Happening to Mortgage Default Risks? About Author: David Wharton The Best Markets For Residential Property Investors 2 days ago Related Articles Sign up for DS News Daily What’s Happening to Mortgage Default Risks? Previous: San Francisco and San Jose Approaching Pre-Crash Highs Next: Ocwen Reports Losses for 2017 Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago The UFA Default Risk Index, which measures the risk of default on newly originated nonprime mortgages, climbed seven points between Q4 2017 and Q1 2018, hitting 108. According to the latest UFA Mortgage Report released by University Financial Associates of Ann Arbor, Michigan, that means lenders should expect mortgage defaults to be 8 percent higher than the average of similar loans originated in the 1990s.UFA bases their analysis on “constant-quality” loans, meaning loans with “the same borrower, loan, and collateral characteristics.” UFA releases the Default Risk Index on a quarterly basis, evaluating U.S. economic conditions and how they are likely to impact future default rates, as well as “prepayments, loss recoveries, and loan values for nonprime loans.”“Overall default risks are similar to the prior quarter with favorable monetary conditions and falling unemployment rates offsetting the friction from higher house prices,” said Dennis Capozza, Professor Emeritus of Finance in the Ross School of Business at the University of Michigan, and a Founding Principal of UFA. “Continuing political uncertainty and a new Federal Reserve chairman provide the backdrop for future changes in mortgage risk levels. The Fed has indicated that more increases in interest rates should be expected this year.”According to data released by the S&P/Experian Consumer Credit Default Indices last week,  the default rate for first mortgages inched higher between December 2017 and January 2018, increasing from 0.68 percent to 0.72 percent. This put it exactly where it had been a year previously in January 2017.How does this compare to mortgage delinquency rates? According to January mortgage performance data from Black Knight Inc., mortgage delinquencies dropped 8.6 percent between December and January but remained up year-over-year—1.6 percent higher than in January 2017. Black Knight also noted the ongoing impact of 2017’s hurricane season, with 146,000 loans in some stage of delinquency as a result of Hurricanes Harvey and Irma, 132,000 of which are now seriously delinquent.Per Black Knight, the top 5 states in terms of 90+ days delinquent percentage were Florida (3.96 percent), Mississippi (3.37 percent), Louisiana (2.68 percent), Texas (2.33 percent), and Alabama (2.13 percent). Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: default report Mortgage Defaults UFA Default Risk Index UFA Mortgage Report University Financial Associates Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save default report Mortgage Defaults UFA Default Risk Index UFA Mortgage Report University Financial Associates 2018-02-28 David Wharton Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago February 28, 2018 3,789 Views last_img read more

 

Supporting Hispanic Dreams of Homeownership

first_img Tagged with: Hispanic Homeownership The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe October 3, 2019 1,137 Views Sign up for DS News Daily Previous: What SFR Investors Need to Know Next: Building a Winning Roster Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agocenter_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 Hispanic Homeownership 2019-10-03 Seth Welborn About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Home / Daily Dose / Supporting Hispanic Dreams of Homeownership Hispanic homeownership has not yet bounced back from the Great Recession, according to new data. Using data from Zillow and the July 2019 Census data, eMarketer found that U.S. Hispanic homeownership rate has yet to regain the 50.1% peak it reached in 2007.“Hispanics consistently indicate aspirational goals toward homeownership,” said David Acosta, 2019 president of the National Association of Hispanic Real Estate Professionals (NAHREP). “At a median age of 29, Hispanics are younger than the overall median US age and are [coming] into their prime home-buying years. With time, opportunity and information, more Hispanics will seek out homeownership as a key opportunity for improving their overall quality of life.”According to Acosta, multigenerational households influences Hispanics approach to homeownership.“Hispanics are more likely than non-Hispanics to live in multigenerational households or to otherwise experience homeownership as part of an extended family,” Acosta said. “Culturally, this factor means that saving for a down payment can be a family affair, which means multiple adults in a household contribute to the household expenses.”Hispanics are largely a suburban group, and 59% of Hispanics in large metro areas living in suburbs. A September 2018 report on the New Geography website said just 17.4% of Hispanics lived in the “urban core.” Hispanic net worth still remains below the national average, in part due to historically inherited wealth.“Intergenerational wealth transfer plays a large part in increasing household wealth, and while Hispanics have less inherited wealth overall than non-Hispanic white households, this too is changing,” Acosta said, adding that “the appetite and enthusiasm for homeownership remains strong.”“Marketing engagement of companies targeting Hispanic home buyers continues to be an area of opportunity … because the content tends to lack cultural context,” Acosta said. “Marketers often mistake Spanish language proficiency for preference—spending resources on a Spanish-language strategy instead of on a market-specific, segmented Hispanic engagement strategy. Companies that address consumers in-culture, as opposed to defaulting to in-language, will win with Hispanic home buyers.” The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Investment, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Supporting Hispanic Dreams of Homeownershiplast_img read more

 

Property Taxes Increased to Over $306.4B

first_imgSubscribe About Author: Seth Welborn  Print This Post Property taxes levied on single-family homes in 2019 totaled $306.4 billion, up 1% from $304.6 billion in 2018 and an average tax amount of $3,561 per home—an effective tax rate of 1.14 percent, according to a new report from ATTOM Data Solutions.The average property taxes of $3,561 for a single-family home in 2019 was up 2% from the average property tax of $3,498 in 2018, and the effective property tax rate of 1.14% in 2019 was down from the effective property tax rate of 1.16% in 2018.ATTOM’s 2019 property tax analysis analyzed property tax data collected from county tax assessor offices nationwide at the state, metro and county levels along with estimated market values of single-family homes calculated using an automated valuation model (AVM). The effective tax rate was the average annual property tax expressed as a percentage of the average estimated market value of homes in each geographic area.“Property taxes levied on homeowners rose again in 2019 across most of the country. But the nationwide increase was the smallest in the last three years, a sign that cities, towns and counties are taking stronger steps to clamp down on how much they hit up property owners to support schools and local government services.” said Todd Teta, Chief Product Officer for ATTOM Data Solutions. “Without major changes in the way local government and educational systems are funded, demands for good schools and other services will continue to put upward pressure on property taxes. But on balance, 2019 was a relatively mild year for taxpayers around the nation.”States with the highest effective property tax rates were Illinois (2.22%), New Jersey (2.19%), Texas (2.11%), Vermont (2.11%), and Connecticut (2.04%).Other states in the top 10 for highest effective property tax rates were New Hampshire (1.93%), New York (1.87%), Pennsylvania (1.75%), Ohio (1.68%), and Nebraska (1.57%).Among 220 metropolitan statistical areas analyzed in the report with a population of at least 200,000, those with the highest effective property tax rates were Binghamton, New York (3.11%); Syracuse, New York (3.00%); Rockford, Illinois (2.84%); Rochester, New York (2.80%); and Atlantic City, New Jersey (2.60%). Related Articles The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Property Taxes taxes Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, News Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Property Taxes Increased to Over $306.4B Previous: DS5: How Technology and the Fed are Assisting Servicers Next: House Financial Services Committee Chair Calls for CRA Changescenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Property Taxes taxes 2020-04-09 Seth Welborn The Best Markets For Residential Property Investors 2 days ago April 9, 2020 1,404 Views Demand Propels Home Prices Upward 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. The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Property Taxes Increased to Over $306.4Blast_img read more

 

McGuinness confronted while canvassing by son of soldier killed by IRA

first_img WhatsApp Pinterest McGuinness confronted while canvassing by son of soldier killed by IRA The son of a soldier shot dead by the IRA in the 1980s has confronted presidential hopeful Martin McGuinness out canvassing in Co. Westmeath earlier today.Private Patrick Kelly and trainee Garda Gary Sheenan died in a shoot out during the kidnapping of supermarket giant Don Tidey in 1983.Today in a shopping centre in Athlone, Private Kelly’s son David questioned the Sinn Fein Candidate about who murdered his father.Martin McGuinness said he didn’t know who was responsible – but offered his sympathy to the Kelly family.Mr Kelly says he doesn’t believe Mr. McGuinness:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/10/18kell1.mp3[/podcast] Google+ Dail to vote later on extending emergency Covid powers Need for issues with Mica redress scheme to be addressed raised in Seanad also Dail hears questions over design, funding and operation of Mica redress scheme RELATED ARTICLESMORE FROM AUTHOR Facebook WhatsApp Newscenter_img Pinterest Man arrested in Derry on suspicion of drugs and criminal property offences released Twitter Previous articleCouncil adopts revised Winter Treatment ProgrammeNext articleDonegal County Council rejects proposed Lifford one way system News Highland Minister McConalogue says he is working to improve fishing quota 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report By News Highland – October 10, 2011 Twitter Facebook Google+last_img read more

 

Man due in court in relation to attempted robbery in Magherafelt

first_img HSE warns of ‘widespread cancellations’ of appointments next week WhatsApp Man due in court in relation to attempted robbery in Magherafelt Newsx Adverts By News Highland – June 11, 2012 Google+ Google+ Pinterest Dail hears questions over design, funding and operation of Mica redress scheme Pinterest Twitter Twittercenter_img PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Previous articleLarge amount of vacant property in Donegal – ReportNext articleArdara and Derry City among best places to live in Ireland News Highland Facebook RELATED ARTICLESMORE FROM AUTHOR Man arrested in Derry on suspicion of drugs and criminal property offences released WhatsApp Dail to vote later on extending emergency Covid powers A 21-year-old man has been charged in relation to an armed robbery near Magherafelt in which a schoolboy was badly beaten.The man was arrested in Belfast on Saturday. Another man, aged 28, arrested in England on Friday, is still in custody.Philip Convery was beaten during an attempted robbery at his grandmother’s house on Mayogall Road, on Tuesday night last.His grandmother and uncle received less serious injuries. Facebook Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more

 

Six arrested after Real IRA statement read at Derry commemoration

first_imgNewsx Adverts Previous articleBurglaries up in border counties but down in the WestNext articleSoccer – Derry Hit Harps With Four In League Cup Derby News Highland Google+ Dail to vote later on extending emergency Covid powers Pinterest Google+ Twitter Pinterest RELATED ARTICLESMORE FROM AUTHOR WhatsApp Facebook Six arrested after Real IRA statement read at Derry commemorationcenter_img Dail hears questions over design, funding and operation of Mica redress scheme Six men have been arrested in Derry after the Real IRA threatened police and soldiers with further violence at a republican commemoration in the City Cemetery yesterday.A number of commemorations took place across he North West on Sunday and yesterday, one of the biggest of them at Drumboe in Stranorlar on Sunday, addressed by the North’s Deputy First Minister Martin mc Guinness.At one commenoration in the City Cemetery in Derry yesterday, a masked man read out a statement from the Real IRA during the event and a small group of men lined up and marched in paramilitary style uniforms.In the statement, the Real IRA – the group which killed two soldiers in Antrim three years ago – threatened to keep targeting police officers.The BBC says police did not intervene at the time, but after the rally was over, they carried out a number of searches and made the arrests.The six men were taken to Antrim police station for questioning. PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Facebook Man arrested in Derry on suspicion of drugs and criminal property offences released WhatsApp Twitter HSE warns of ‘widespread cancellations’ of appointments next week Man arrested on suspicion of drugs and criminal property offences in Derry By News Highland – April 10, 2012 last_img read more

 

Man critically ill after Lifford RTA

first_imgNews Main Evening News, Sport and Obituaries Tuesday May 25th By News Highland – June 5, 2010 Facebook Pinterest Facebook Twitter Previous articleDerry City Council to erect memorial to stillborn babies and infantsNext articleMan killed in Omagh collision News Highland RELATED ARTICLESMORE FROM AUTHOR Pinterest Man critically ill after Lifford RTA Google+center_img Twitter WhatsApp The road between Lifford and St Johnston remains closed at at Blackrock junction near Coolatee today following a collision last night which has left a man critically ill in hospital.The 28 year old was the driver of a van which was in collision wth a car just after 11 o’clock last night. The car was being driven by a man in his 30s. He, and his passengers, were treated for less serious injuries.A full garda investigation is continuing ; gardai say it’s likely to be mid- afternoon before the road reopens. WhatsApp 365 additional cases of Covid-19 in Republic Google+ Man arrested on suspicion of drugs and criminal property offences in Derry Further drop in people receiving PUP in Donegal 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan firelast_img read more