Experts Predict Level Playing Field as Investors Withdraw

first_img Share Save in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Previous: Have Young Buyers Been Priced Out? Next: Interest Rates and HARP Participation Pressure Title Insurer Revenues Tagged with: Federal Reserve Home Values Investors Zillow The Best Markets For Residential Property Investors 2 days ago  Print This Post A majority of experts surveyed by Zillow and Pulsenomics expect large-scale investors will pull out of the housing market in the next few years—and that hopefully means a smoother field for consumer buyers.Out of 110 economists, real estate experts, and investment strategists surveyed in Zillow’s latest Home Value Index, 57 percent said they think institutional investors will work to sell the majority of homes in their portfolios “in the next three to five years.” These investors are largely credited with propping up housing during its recession, helping to keep sales volumes from plummeting too far.While their withdrawal will most certainly affect today’s still-fragile market—79 percent of those surveyed said the impact would be “significant or somewhat significant” should investor activity curtail this year—Zillow chief economist Dr. Stan Humphries says it wouldn’t be the worst thing to happen to housing.“Buyers entering the market in the next few months will not be competing with cash-rich investors like they were last year which should be small solace given the higher prices and mortgage rates that they will encounter,” Humphries said. “The gradual decline of investor activity should be viewed as another sign of the market slowly returning to normal.”Humphries also pitched in his own opinion on a timeline, saying he agrees with the panel “that there will not be a rush for the exit by institutional investors.”The group was also asked about their thoughts on when the Federal Reserve should end its asset purchases, an effort that has already begun with two rounds of tapering.More than 70 percent of respondents wish to see the stimulus ended before the end of 2014—“and the current pace of tapering will get us there,” said Pulsenomics founder Terry Loebs.“Of course, whether Janet Yellen’s Fed will maintain the current pace as new economic challenges arise remains an open question,” Loebs added.Finally, the last question posed to experts: What will home value appreciation look like in 2014 and beyond?Panelists arrived at an average projected appreciation rate of 4.5 percent through the end of the year–still high compared to the historical norm of 3 percent. Appreciation is expected to slow to 3.8 percent in 2015, falling to 3.3 percent by 2018.Based on current forecasts for home value appreciation in the next five years, panelists predicted that overall home values could surpass their April 2007 peak by the first quarter of 2018. February 12, 2014 764 Views center_img Federal Reserve Home Values Investors Zillow 2014-02-12 Tory Barringer Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Experts Predict Level Playing Field as Investors Withdraw Data Provider Black Knight to Acquire Top of Mind 2 days ago Experts Predict Level Playing Field as Investors Withdrawlast_img read more

Are Foreclosure Investors Pulling a Disappearing Act?

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago A new report from Realtor.com shows that investors who initially acquired foreclosed homes in bulk post-housing crisis, have now begun to cash out or slow the rate of their acquisitions.Examining the 50 largest metros in the U.S., Realtor.com investigated sales transaction data in order to better explain the national decline in investor activity.“The metros can be grouped by several trends that characterize where investment activity stands in the region,” adds the report. “Of the top 50 metros, approximately 70 percent of them have seen the share of company purchases peak in 2012-2014 and decline since. This is the most expected pattern and coincides with the gradual increase in prices and decline in inventory which reduced choice investment opportunities.”Despite this national trend of decline, Realtor.com reported that some metros deferred from the national trends, actually showing an uptick in investor activity.“After a post-recession rise, the company share of purchases in some metros such as Baltimore, New York, Rochester, Buffalo, Dallas, Houston, and Indianapolis either never decreased or continued to rise,” says the report. “However, it should be noted that the company share of purchases in Buffalo, Rochester, Indianapolis, Houston and Dallas is relatively small, only 5 to 6 percent in 2016.”Taking a look at the ratio of foreclosure sales in Baltimore, Realtor.com found that there was an increase from a post-recession low of 9.7 percent in 2012, to 18.1 percent in 2015. The report adds that this trend could be attractive to those investors looking for deals on properties they can lease out at market rents or hang on to in the hopes that price growth in the area will begin to reflect national trends.Further the report found that, in New York and New Jersey, the ratio of foreclosure sales to total sales has grown starting in 2013. New Jersey’s share increased from a post-recession low of 4.0 percent in 2013 to 11.0 percent in 2016, and New York’s share of all purchases grew from 3.7 percent in 2013 to 7.3 percent in 2016.To read the full report, click HERE. Are Foreclosure Investors Pulling a Disappearing Act? Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago 2016-12-16 Kendall Baer Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Demand Propels Home Prices Upward 2 days ago December 16, 2016 1,067 Views Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Kendall Baer Related Articles Home / Daily Dose / Are Foreclosure Investors Pulling a Disappearing Act? Sign up for DS News Daily  Print This Post Previous: Here’s What the CFPB Has in Store for 2017 Next: Reverse Occupancy Fraud Threatens Housing Market Subscribelast_img read more

Easing the Burden

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Ocwen Financial Corporation released the results of its loan modification borrower assistance for the first half of 2017 on Tuesday.According to the announcement, the loan modification assistance program allows for a mortgage payment reduction of up to 20 percent to qualified borrowers, and also has a principal forgiveness option. Since January 1, 2017, Ocwen has forgiven about $595 million in mortgage debt.Ocwen has provided struggling borrowers with $19.2 million in housing assistance through state level Hardest Hit Fund programs for the first half of the year. Hardest Hit Fund programs were created by the Bush administration to help strengthen the housing market in states that were most effected by the housing crisis.Since the program’s inception in 2008, Ocwen has made around 750,000 loan modifications. “Ocwen’s consistent philosophy has been that all parties benefit when solutions are offered that allow borrowers to cure their delinquencies and remain in their homes and in their communities,” said Ron Faris, President and CEO of Ocwen. “Ocwen continues to lead the industry in providing responsible and sustainable loan modifications to struggling homeowners, and we are proud of the difference we make in our customers’ lives.”Certain states have been specifically targeted to help borrowers afford their mortgage payment. In the first half of 2017, California had approximately 3,500 loans modified with a forgiven debt of about $70.3 million, while Florida had 2,750 loans modified at the cost of $74.1million. New York had the largest amount of debt forgiven at $104.2 million, and 2,550 loans modified.You can see a full list of state-by-state modification activity by Ocwen since January 1, 2008 here. Home / Daily Dose / Easing the Burden The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Foreclosure, Headlines, News Easing the Burden Previous: Is HECM Down for the Count? Next: Counsel’s Corner: Matthew J. Richardson About Author: Joey Pizzolato Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 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] center_img 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 Tagged with: Foreclosure Prevention Ocwen Share Save Related Articles Foreclosure Prevention Ocwen 2017-08-29 Joey Pizzolato August 29, 2017 1,610 Views Sign up for DS News Daily  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

Law Firm’s New Ownership Shatters Florida Legal Glass Ceiling

first_img The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 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] Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Nicole Casperson Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Tagged with: glass ceiling HOUSING mortgage tromberg Home / Daily Dose / Law Firm’s New Ownership Shatters Florida Legal Glass Ceiling Related Articles Law Firm’s New Ownership Shatters Florida Legal Glass Ceiling in Daily Dose, Featured, Headlines, Journal, News One of Florida’s well-established creditor foreclosure, litigation, and bankruptcy law firms has shattered the glass ceiling if woman-owned law firms.Andrea Tromberg, Esq. has acquired Gladstone Law Group, the firm at which she has served as managing partner since 2011. Now branded Tromberg Law Group, the firm is 100 percent woman-owned.This ownership change and renaming of the firm to Tromberg Law Group is breaking new ground in the Florida legal community. Tromberg Law Group is now one of the largest woman-owned creditor firms in Florida serving the U.S. and Puerto Rico.“I don’t view myself as any kind of pioneer, Tromberg said. “I have worked for some of the largest servicers and investors in the industry, and I am looking forward to continuing a leadership role in our field. I believe it is the best firms with the best attorneys that ultimately succeed. That’s what we already have at Tromberg Law Group. But if I can help pave the way just a little bit, I am proud to be a part of it.”Tromberg has faced adversity throughout her career, she understands her success wouldn’t be without a strong team to support her.Tromberg said she is proud of the team she has built—which includes highly-skilled and diverse professionals. “A good leader knows that she cannot do it alone,” added Tromberg. “A dedicated and talented group is essential to success.”In 2010, Tromberg joined Gladstone Law Group and during her tenure, she was instrumental in creating a strong litigation department and appellate division. Meanwhile, she improved processes and built a strong legal team.With her leadership, her firm became a major participant in leading appellate cases that are now landmark decisions in Florida concerning the statute of limitations, lien priority and standing in foreclosure cases.In addition, Tromberg serves on the Board of Directors for the American Legal and Financial Network (ALFN). She has served on numerous committees and is a current member of the leadership committee for Women in Legal Leadership (WILL).Tromberg has been engaged as a speaker at various events including ALFN, NARCA, Five Star and other groups to discuss hot topics in the industry such as the statute of limitation, proposed bills in Congress, ethics, FDCPA claims and the Consumer Financial Protection Bureau (CFPB).center_img Share Save glass ceiling HOUSING mortgage tromberg 2017-11-19 Nicole Casperson 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 Sign up for DS News Daily Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago November 19, 2017 1,685 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: What the HUD Cash Infusion Means for Underinsured Texans Next: Meritage, Operation Homefront Present Veteran Mortgage-Free Home Demand Propels Home Prices Upward 2 days agolast_img read more

Report Reveals Credit Tightening for Some Homebuyers

first_img Tagged with: credit MBA The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago October 4, 2018 2,113 Views Related Articles Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, Market Studies, News credit MBA 2018-10-04 Staff Writer Report Reveals Credit Tightening for Some Homebuyers About Author: Staff Writer Demand Propels Home Prices Upward 2 days ago The Mortgage Credit Availability Index (MCAI) decreased 0.8 percent to 182.1 in September, as shown in a recent report by the Mortgage Bankers Association (MBA). The index—which collates data pulled from a business tool provided by Ellie Mae’s All Regs Market Clarity—is calculated by analyzing borrower eligibility in terms of credit scores, loan types, and loan-to-type ratios. The report showed a decline in MCAI overall, suggesting credit availability for mortgages dropped during the month.But the MBA report allows for a deeper exploration and understanding of market trends, seeing as how the Total MCAI is divided into subsequent indices regarding different types of loans. Whereas credit availability for conventional loans increased by 1.2 percent and credit availability for jumbo loans increased 2.7 percent, the index overall was brought down by a decline in government loans specifically. This reflects a decline in streamlined offerings and government programs with more lenient credit requirements. In fact, this is the lowest the Government MCAI—the index examining loans originating with the Federal Housing Administration, the Veterans Administration, and the U.S. Department of Agriculture—has fallen since July 2015.This data would suggest that, whereas the availability of mortgage credit for those in pricier markets continues to increase—this is the fifth increase in the Jumbo MCAI in the last six months, and the highest level the Jumbo MCAI has reached since the MBA began tracking jumbo loans specifically—credit availability is tightening for lower-income borrowers. This conclusion also is reflected in the 0.7 percent drop in the Conforming MCAI.While the Conventional MCAI and Government MCAI were recalibrated in March 2012 relative to the overall index, the Conforming and Jumbo MCAIs are calculated with the same base levels as the Total MCAI. The Total MCAI also has an expanded historical series that opens a window back 10 years, and it can even be expanded back to 2004—allowing for a perspective that includes the effects of the last housing crisis and the following recession. Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Home / Daily Dose / Report Reveals Credit Tightening for Some Homebuyers The Best Markets For Residential Property Investors 2 days ago Previous: How AI Could Impact the Industry Next: The Key Elements of ‘Green’ Home Improvements The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Mortgage Servicing Industry Gathers to Benefit Veterans

first_img Previous: Dallas-Based Loan Technology Firm Announces New Image Next: Mortgage Performance: A Look at the Latest Trends About Author: David Wharton Mortgage Servicing Industry Gathers to Benefit Veterans Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Mortgage Servicing Industry Gathers to Benefit Veterans The Best Markets For Residential Property Investors 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Tagged with: Charity Operation Homefront Veterans VFSAC VFSAC Golf Classic Demand Propels Home Prices Upward 2 days agocenter_img Last week, representatives from a broad array of companies representing the mortgage industry and beyond gathered at the Stonebriar Country Club in Frisco, Texas, for the first annual Veterans Financial Services Advisory Council (VFSAC) Golf Classic. Hosted by VFSAC, an organization that helps veterans and their families in search of support related to housing and critical services, the day’s events raised more than $200,000 to benefit Operation Homefront, a national 501(c)(3) that partnered with VFSAC to address the ongoing housing needs of veterans and their families.Sponsors for the 2019 VFSAC Golf Classic included ALAW; Aspen Grove Solutions; Auction.com; Carrington; Five Brothers Asset Management; Ginali Associates; Goldman Sachs; Google; LoanCare; National Field Representatives; Novare National Settlement Service (A Division of Fidelity National Title); Prominent Escrow Services, Inc. and FIN Title; RSMA Law; Rushmore Cares; Safeguard; ServiceLink; Xome; and York-Jersey Underwriters.After attendees spend the day on the green, they reconvened inside the clubhouse for a silent auction and presentations that included a brief welcome from VFSAC Chairman and Rushmore Loan Management Services CEO Terry Smith.”We have the opportunity to do a lot of great things through VFSAC,” Smith said.VFSAC Founder Ed Delgado brought up an earlier discussion with Operation Homefront President and CEO John Pray, Jr., Brig. Gen., USAF (Ret.), in which they discussed the nature of the sacrifices that veterans make in service of their country. Delgado recalled Pray telling him that he never viewed his time in the military as a sacrifice, but rather as “an honor, a privilege, and a duty.”Delgado then discussed one particular veteran’s case he had encountered: a former service member who needed $1,100 to fix the transmission on his truck. That may not have seemed like much, Delgado explained, but it was about more than just transportation. This veteran wasn’t just using the vehicle to get around at the time—he was living in it.”When we talk about honoring those who have given us so much,” Delgado said, “think of that veteran.”Delgado then introduced U.S. Army Specialize Erica Corley, a seven-year veteran who served as a medical lab tech and had spent one year in Kuwait.”When I came home,” Corley said, “I didn’t have a home to come home to.”Through Operation Homefront, Corley, a mother of two, is to be the recipient of a mortgage-free home in Mesquite, Texas. Speaking before the group, Corley laid out the process required to go from application to receipt of the home, a process designed to ensure that the chosen veteran is capable of keeping that home in the long run.”They show you how to be a homeowner,” Corley said.Founded by Five Star Global President and CEO Ed Delgado in 2016, VFSAC’s Executive Council includes leaders from Auction.com, Alacrity Services, Aspen Grove Solutions, Five Brothers Asset Management, The Five Star Institute, Home Depot, Operation Homefront, Rushmore Loan Management Services, Safeguard Properties, and ServiceMac.Editor’s note: Although VFSAC was founded by Five Star Global President and CEO Ed Delgado, it is an independent working group and is not affiliated with Five Star Global, Five Star Institute, or any of its companies. Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Journal, News, Servicing Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Charity Operation Homefront Veterans VFSAC VFSAC Golf Classic 2019-05-20 David Wharton May 20, 2019 2,464 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Financial Services Committee Voices Opposition to Changes to CRA

first_img January 29, 2020 1,173 Views Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Community Reinvestment Act House Financial Services Committee OCC Financial Services Committee Voices Opposition to Changes to CRA The Housing Financial Services Committee met with Joseph Otting, Comptroller of the Currency, Officer of the Comptroller of the Currency (OCC), on Wednesday to discuss proposed changes to the Community Reinvestment Act (RCA).Chairwoman of the Committee, Maxine Waters (D-California), voiced opposition to Otting’s proposal to update the legislation. “Under Comptroller [Joseph] Otting, the Community Reinvestment Act would become the Community Disinvestment Act. Such a radical change to the CRA demands a heightened level of public scrutiny,” she said. Waters said that proposed changes to the CRA by the OCC would lead to “widespread bank disinvestment from low and moderate communities.” She added the changes set forth by Otting would allow banks to receive a passing grade by doing the bare minimum. Waters said Otting was determined to push changes through “as soon as possible,” allowing just a 60-day comment period. However, all 34 Democrats on the Committee, as well as other advocates, requested a minimum 120-day comment period, which has been customary for prior bills. The CRA was enacted in the 1960s as a response to redlining—a practice where banks discriminated against prospective customers based primarily on where they lived, or their racial or ethnic background, rather than creditworthiness.Under the current CRA framework, the primary banking regulators—specifically the OCC, Federal Deposit Insurance Corporation, and the Federal Reserve—conduct regular examinations to evaluate banks’ activities to provide credit, services, and make investments in low and moderate-income communities where the banks operate. The act only applies to banks with federally insured deposits. The legislation was last updated in 1995. Committee member Patrick McHenry said reform of the CRA is a “long-time coming.” “The rise of mobile and online banking helps more consumers and communities than the CRA was intended to serve,” he said. McHenry added that current CRA regulations are “outdated and technologically ineffective.” Also voicing opposition was Committee Member Gregory Meeks, as he noted there is still evidence of discrimination in lending—something the CRA was meant to solve. “Your proposal decouples CRA from outcomes for intended communities, discounts the value of direct lending in mortgages to low and moderate-income communities and communities of color, cuts out community organizations that work directly with these targeted communities, and is just not supported by data,” Meeks said of Otting’s proposal. Meeks added that numerous banks are opposed to the plan and community groups have called possible changes “betrayal of the original intent of the CRA.” Otting, in response to the accusations against his proposal, said his intent is to strengthen the CRA, not weaken it. He said this proposal can achieve that by utilizing four metrics: Clarify what counts, clarify where it counts, measure CRA performance, and make reporting transparent and timely. He said that Congress was informed of a proposal to change the CRA in 2007 and the Department of the Treasury received recommendations in both 2017 and 2018. “This has been a lengthy and transparent process and has been consistent with the letter and spirit of the Administrative Procedures Act,” Otting said. He added that more than 90% of the comments his office received said the CRA lacks objectivity, fairness, and transparency. Otting called the claim his proposal would permit redlining “blatantly false.” “Nothing in this proposal changes the agency’s authority to enforce fair lending laws to prevent discrimination and redlining,” he said. He also said claims his proposal would use a single metric to determine a bank’s CRA rating are false. Otting said his proposal requires examiners to use retail lending tests for each product. Examiners would then evaluate the impact of a banks’ CRA activity by measuring the dollar value of that activity in each assessment and that overall bank. Among the concerning aspects of the CRA to Waters is the ability of banks to receive CRA credit for financing sports stadiums. Otting said this practice has been a part of the legislation since 1993. His current proposal doesn’t change that but noted the OCC is open to suggestions. Waters, however, objected to this notion, saying sports stadiums located in opportunity zones come with little regard to how they impact low and moderate-income communities. She also questioned whether the Fed signed off on this proposal, to which Otting said no. Otting, however, said later in the hearing that he has been engaged with the Fed “thousands of times” on this matter. She said that Otting and his office “do not wish to work with us,” as members of the committee came to a board meeting to let their opposition to possible changes be known.“You’ve decided you will work with no one. This is your proposal. This is what you want. This is what we get,” Waters said. “Forget about the Congress of the United States or anybody else—that you know better than anybody else.” The latest proposal clarifies the approach of the bill and, for the first time since 1977, lists eligible investments that qualify for CRA credit. Otting added his office will not extend the comment period to 120 days. He said the document was published on December 9, 2019, and will be closed on March 9, 2020—leaving it open for comment for 88 days.  in Daily Dose, Featured, Government, News 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Financial Services Committee Voices Opposition to Changes to CRAcenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Subscribe Previous: Lima One Capital Expands Leadership Next: The Mortgage Patch and Default Risk Servicers Navigate the Post-Pandemic World 2 days ago Community Reinvestment Act House Financial Services Committee OCC 2020-01-29 Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles  Print This Postlast_img read more

Ginnie Mae Reports Record MBS Issuance in April

first_img in Daily Dose, Featured, Government, Journal, News About Author: Eric C. Peck Ginnie Mae reported that its mortgage-backed securities (MBS) issuance volume for April 2021 was a record $89.70 billion. This total marks another strong month for Ginnie Mae, with its now-record issuance volume up from $82.25 billion issued in March, $77 billion issued in February, and $82.6 billion issued in January. Approximately 332,300 homes and apartment units were financed by Ginnie Mae guaranteed MBS in April of 2021.“Investors continue to add Ginnie Mae MBS to their fixed-income portfolios because of the high-quality and liquidity of the securities,” said Ginnie Mae Acting Executive Vice President Michael Drayne. “Our commitment to maintain a strong and flexible MBS program that produces the types of securities investors demand is the foundation of Ginnie Mae’s ability to finance affordable homeownership and rental housing.”A breakdown of April issuance of $89.70 billion includes $85.48 billion of Ginnie Mae II MBS and $4.22 billion of Ginnie Mae I MBS, which includes $4.16 billion of loans for multifamily housing.Ginnie Mae’s total outstanding principal balance as of April 30 was $2.109 trillion, up from $2.095 trillion in March, and down slightly from the April 2020 level of $2.145 trillion.Ginnie Mae continues to lend a hand to struggling homeowners nationwide, working with an estimated 2.2 million homeowners currently in forbearance plans, according to the Mortgage Bankers Association (MBA). Of that total, the share of Ginnie Mae loans in forbearance decreased 20 basis points this week to just 5.82% of the overall volume.”Homeowners who have exited forbearance and been able to take up their original payment again are performing at almost the same rate as the overall mortgage servicing portfolio,” said Mike Fratantoni, MBA’s SVP and Chief Economist Ginnie Mae Reports Record MBS Issuance in April Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Ginnie Mae Michael Drayne Mike Fratantoni Mortgage Bankers Association (MBA) ortgage-backed securities (MBS) 2021-05-11 Eric C. Peck Share Save Previous: Southern Surge Leads Record Home Sales Forecast Next: Experts Express Optimism About Delinquency Rate The Best Markets For Residential Property Investors 2 days ago  Print This Post Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. Tagged with: Ginnie Mae Michael Drayne Mike Fratantoni Mortgage Bankers Association (MBA) ortgage-backed securities (MBS) Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe 19 days ago 457 Views Related Articles Home / Daily Dose / Ginnie Mae Reports Record MBS Issuance in April Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

Audio update – Less than 15% of the Donegal workforce were in agency assisted…

first_img WhatsApp Three factors driving Donegal housing market – Robinson Pinterest GAA decision not sitting well with Donegal – Mick McGrath By News Highland – January 23, 2015 Google+ The Western Development Commission has published figures today showing that in 2013, under 15% of all employees in Donegal were in jobs assisted by IDA Ireland, Enterprise Ireland or Udaras na Gaeltachta.Nationally there were ten counties with lower shares.The report on Assisted Employment shows some growth between 2010 and 2013, but the number of people in assisted employment in 2013 was still more than 1,800 below the 2005 figure.In 2013, almost 7,900 people were working in assisted jobs in county Donegal. This was just under 15% of total employment, the third lowest share in the region and below the national average.Almost 14% of assisted jobs were temporary/part-time, second highest share among western counties, but this was down from 2005 when 21.7% of all assisted jobs in the county were temporary/part-time, double the national average in that year.The Western Development Commission survey shows assisted employment in Donegal declined by almost 25% between its highest and lowest years, 2005 and 2010. There has been some recovery since, and between 2010 and 2013, Donegal showed growth of 4.4%.Pauline White is a Policy Analyst with the Western Development, and she’s been assessing the figures.She says one thing which is becoming evident is the high dependence in the west and north west on foreign investment, particularly in manufacturing.She says the government needs to look at how best to support and promote indigenous industry…….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/01/paulinewdc.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApp Audio update – Less than 15% of the Donegal workforce were in agency assisted jobs in 2013 Facebook RELATED ARTICLESMORE FROM AUTHOR Twittercenter_img Nine Til Noon Show – Listen back to Wednesday’s Programme Google+ Homepage BannerNews Pinterest Facebook Twitter NPHET ‘positive’ on easing restrictions – Donnelly Calls for maternity restrictions to be lifted at LUH Previous articleWDC appointment process to be changed after Dail challenge from Mac LochlainnNext articleEU concerns over Water Conservation Grant could have serious consequences – Doherty News Highland Guidelines for reopening of hospitality sector publishedlast_img read more

Family issue appeal for information about missing 15-year-old boy

first_img Almost 10,000 appointments cancelled in Saolta Hospital Group this week Family issue appeal for information about missing 15-year-old boy Three factors driving Donegal housing market – Robinson Pinterest RELATED ARTICLESMORE FROM AUTHOR Calls for maternity restrictions to be lifted at LUH Pinterest WhatsApp Gardaí in Milford have issued an appeal for information about a 15-year-old boy who has been missing from Glenvar since yesterday.Ciaron McLuaghlin was left his home in the early hours of this morning with a Chelsea sports bag.He is described as being 5’5 in height, with blonde hair and blue eyes.When last seen he was wearing a wine coloured hoody, navy trousers, and orange and black runners.Anyone with information is asked to contact Milford Garda Station on 9153114.His mother Bernadette pleaded to anyone with information to come forward……[podcast]http://www.highlandradio.com/wp-content/uploads/2012/08/bern6.mp3[/podcast] WhatsApp Twitter Twittercenter_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Facebook Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Facebook Google+ Google+ Guidelines for reopening of hospitality sector published By News Highland – August 5, 2012 News Previous articleSDLP Omagh councillor Seamus Shields passes awayNext articleMan dies in road traffic collision News Highland last_img read more