DS News Webcast: Friday 2/15/2013

first_imgHome / Featured / DS News Webcast: Friday 2/15/2013 Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: GAO Categorizes FHA as a ‘High Risk’ Program Next: RE/MAX: Prices Up 8% from Year Ago; Inventory Falls Again Subscribe  Print This Post in Featured, Media, Webcasts Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save 2013-02-15 DSNews Coverage: – RealtyTrac: Foreclosure Starts Down to Lowest Level Since 2006 – HUD Secretary Testifies on Impact of Automatic Spending CutsVisit www.DSNews.com for all of your relevant top Default Servicing newscenter_img Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago DS News Webcast: Friday 2/15/2013 February 15, 2013 576 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: DSNews Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

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Judge Dismisses Investors’ Claims in GSE Profits Lawsuits

first_imgSubscribe Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago A judge in the U.S. District Court for the District of Columbia dismissed claims investors made against the federal government regarding the distributing of GSE profits.Judge Royce Lamberth dismissed lawsuits filed in 2013 by investors at Fairholme Funds, led by Bruce Berkowitz, and Perry Capital with regards to the government’s “sweeping” of GSE profits into the U.S. Treasury. The investors believed that the diversion of GSE profits created a “windfall” for the government while short changing GSE shareholders.Lamberth said in his ruling he believed that the regulator for GSEs Fannie Mae and Freddie Mac, the Federal Housing Finance Agency (FHFA), and the U.S. Treasury Department had been given the power by Congress to use GSE profits as part of the Housing Economic and Recovery Act.The judge’s decision did not cover two similar lawsuits filed by a group of investors led by Pershing Square CEO William A. Ackman in mid-August alleging that the government’s diverting of GSE profits into Treasury equates to taking private property for public use without “just compensation,” a practice forbidden by the Fifth Amendment of the U.S. Constitution. Pershing Square holds close to $700 million shares in the two GSEs combined, making it by far the largest non-government owner of GSE common stock.Fairholme Funds could not be reached for comment on the dismissal of the lawsuit. Spokespeople from FHFA, Pershing Square, and the U.S. Department of Justice all declined to comment on the judge’s ruling. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Judge Dismisses Investors’ Claims in GSE Profits Lawsuits Demand Propels Home Prices Upward 2 days ago Fairholme Funds Fannie Mae Federal Government Freddie Mac Perry Capital U.S. Department of Treasury 2014-10-01 Brian Honea Previous: Fannie Mae: Serious Delinquency Rate Hits Lowest Level in Six Years Next: Analysts Expect Home Price Appreciation to Continue Slowing About Author: Brian Honea Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. The Best Markets For Residential Property Investors 2 days ago October 1, 2014 1,430 Views center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Government Servicers Navigate the Post-Pandemic World 2 days ago Share Save Judge Dismisses Investors’ Claims in GSE Profits Lawsuits Tagged with: Fairholme Funds Fannie Mae Federal Government Freddie Mac Perry Capital U.S. Department of Treasury Demand Propels Home Prices Upward 2 days agolast_img read more

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AACER: September Sees Second-Lowest Monthly Bankruptcy Filing Total of 2015

first_imgHome / Daily Dose / AACER: September Sees Second-Lowest Monthly Bankruptcy Filing Total of 2015 AACER Bankruptcies Bankruptcy Filings Epiq Systems 2015-10-02 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: AACER Bankruptcies Bankruptcy Filings Epiq Systems The Week Ahead: Nearing the Forbearance Exit 2 days ago Bankruptcy filings nationwide totaled 62,358 for the month of September, the second-lowest total for any month this year, according to September 2015 AACER bankruptcy data reported by Epiq Systems.September 2015’s total represented a year-over-year decline of nearly 11,o00 (from 73,352) and a drop of more than 50 percent from the September peak of 134,148 reached in September 2010 at the height of the foreclosure crisis. Only January’s total of 59,087 was lower than September’s reported number of 62,358.The number of bankruptcy filings year-to-date for the first nine months of 2015 is 627,614, an average of 69,734 per month and an average of 3,320 per day over 189 filing days. There were 21 filings days in September, which saw an average of 2,969 filings per day.Click HERE to view the entire reportCalifornia topped all states for cumulative year-to-date bankruptcy filings with 62,234 for the first nine months (including 6,222 in September, also tops among states for the month). Illinois was second with 42,910 filings year-to-date as of September 30, 3015, which was more than 500 more than third-place Florida (42,431). Georgia (37,458) and Ohio (28,371) were once again fourth and fifth, respectively. The state with the fewest cumulative filings for the first nine months of 2015 was Alaska with 311 after experiencing just 47 bankruptcy filings in September.Tennessee and Alabama once again ranked first and second among states in filings per capita for September with 5.81 and 5.41 filings for every 10,000 people, respectively. Both were slight increases from the 5.76 and 5.35 totals reported for August. September’s national average in bankruptcy filings per capita (2.70) was virtually unchanged from August’s total of 2.70.Epiq Systems is a leading global provider of technology-enabled solutions for electronic discovery, bankruptcy and class action administration. Top legal professionals depend on us for deep subject-matter expertise and years of firsthand experience working on many of the largest, most high-profile and complex client engagements. Epiq Systems, Inc. has locations in the United States, Europe and Asia. Share Save in Daily Dose, Featured, News Previous: CFSI Loan Management Welcomes New VP of Business Development Next: House of Representatives to Vote on Bill to Make TRID Grace Period Official About Author: Brian Honea 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily center_img Related Articles October 2, 2015 1,549 Views AACER: September Sees Second-Lowest Monthly Bankruptcy Filing Total of 2015 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 Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

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Smaller Loans Could Address Housing Shortages

first_img April 28, 2018 2,000 Views Smaller Loans Could Address Housing Shortages in Daily Dose, Featured, Market Studies, News Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Affordability Borrowers FHA Homes HOUSING Lenders loans Low-cost Homes mortgage Originations Single-Family Homes Urban Institute VA  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Affordability Borrowers FHA Homes HOUSING Lenders loans Low-cost Homes mortgage Originations Single-Family Homes Urban Institute VA 2018-04-28 Krista Franks Brock The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Low housing inventory and climbing home prices have been the source of numerous studies and headlines, and they are prominent issues impacting housing markets across the nation. However, while many homes in competitive markets are priced out of reach for most Americans, in other areas there quietly sit affordable homes that, despite their low prices, remain out of reach for low- and middle-income Americans. Despite finding “a substantial number of low-cost property sales taking place across many diverse housing markets,” researchers at the Urban Institute’s Housing Finance Policy Center say, “low-cost properties remain largely inaccessible to LMI [low- and middle-income] households because traditional mortgage financing is too difficult to obtain on these properties.” “Low-cost properties could be a larger source of affordable housing if credit access for purchasing and rehabilitating these properties were expanded and improved,” state researchers from the Urban Institute in their report, “Small-Dollar Mortgages for Single-Family Residential Properties.”Low-cost homes, priced at or under $70,000, are present in urban, suburban, and rural markets and “in many counties, small-dollar sales make up most home sales,” according to the Urban Institute. However, only about one in four homes sold for $70,000 or less were financed with a traditional mortgage as of 2015, and that number fluctuated between 25 and 29 percent between 2010 and 2015. On the other hand, close to 80 percent of homes sold for between $70,000 and $150,000 were financed with a traditional mortgage in 2015. The research also found the share of first-lien, single-family, owner-occupied home loan originations for low-priced homes between $10,000 and $70,000 was on the decline, falling from 8 percent of all home loan originations in 2009 to 5 percent of all originations in 2016. Over the same time period, the share of originations for homes sold for between $70,000 and $150,000 declined less than 1 percent, and loans for homes sold at higher prices increased in market share. Observing the channels that contribute to the small-dollar loan sector, the research found gaps between small-dollar market share and overall loan origination market share at the GSEs, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA). The GSEs contribute to 53 percent of all home loan originations but just 45 percent of small-dollar mortgage loans. The FHA takes 24 percent market share overall but contributes just to 19 percent of small-dollar mortgages, and the VA holds a 10 percent market share overall but just a 3 percent share of the small-dollar market. Twenty-eight percent of small-dollar loans are held in portfolios at small community banks, credit unions, and large lenders, despite the fact that just 9 percent of small-dollar loans are originated there. The researchers pointed out a few reasons for the lack of financing available for low-priced homes. First, potential homeowners hoping to purchase a low-cost home with financing were less attractive than investor buyers ready to purchase with cash. Second, the researchers point out that loan origination costs are largely fixed, making small-dollar loans less attractive to lenders, who can profit more from the larger spreads available in high-dollar loans. “The limited access to mortgage credit for low-cost properties has led to a growing imbalance in America’s housing that affects both demand and supply,” state the researchers at the Urban Institute. The impact is particularly acute among potential first-time buyers. The Urban Institute offers several recommendations to enhance the small-dollar loan market, including growing the role of the federal government, the secondary market, and community organizations in the small-dollar loan sector; creating “consumer-friendly, fairly priced small-dollar mortgage alternatives to traditional mortgages for home purchase, renovation, and refinance;” expanding “first look” programs that offer preference to first-time homeowners, low-income buyers, and minorities; and expanding finance options for manufactured housing. Previous: OpenClose Implements LOS Platform for Federal Credit Union Next: The Week Ahead: Forecasting Home Price Trends Related Articles The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily About Author: Krista Franks Brock Home / Daily Dose / Smaller Loans Could Address Housing Shortageslast_img read more

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Wells Fargo Commits $10M to Philadelphia

first_imgHome / Daily Dose / Wells Fargo Commits $10M to Philadelphia The Week Ahead: Nearing the Forbearance Exit 2 days ago Wells Fargo Commits $10M to Philadelphia Governmental Measures Target Expanded Access to Affordable Housing 2 days ago December 17, 2019 2,501 Views Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Previous: How Mortgage Default Rates Are Trending Next: Wolters Kluwer Gains Industry Recognition About Author: Krista F. Brock Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles in Daily Dose, Featured, Investment, News Subscribe  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. The Best Markets For Residential Property Investors 2 days ago 2019-12-17 Seth Welborn The City of Philadelphia and Wells Fargo announced Monday they reached a “Collaboration Agreement” regarding a lawsuit the city brought against the bank in 2017. While Wells Fargo denies the city’s allegations that it violated the Fair Housing Act by discriminating against minorities in its mortgage lending division, the bank has agreed to contribute $10 million to housing-related programs in the city.The lawsuit alleged Wells Fargo violated the Fair Housing Act from 2004 to 2014 by writing high-risk, high-interest loans to minority borrowers even when they qualified for more favorable loans. These loans later experienced a higher rate of foreclosures than other loans in the city, according to the lawsuit.Wells Fargo “vigorously denied the allegations,” according to a statement released Monday from the Philadelphia mayor’s office.In fact, Wells Fargo’s Region Bank President for Greater Philadelphia, Joe Kirk, stated with the Monday announcement, “Wells Fargo has been the largest provider of loans to help low- and moderate-income families in Philadelphia achieve the dream of homeownership, and our efforts have gone well beyond making loans.”Kirk pointed out the bank has partnered with nonprofits in the city to provide more than $15 million to causes such as down payment assistance, local homebuying education, and more.Philadelphia Solicitor Marcel S. Pratt said Monday, “The resolution will provide much needed benefits to the City’s low- and moderate-income residents—most significantly by enabling homeownership, which is one of the most effective ways that families can accumulate wealth in America.”“One of the advantages of this resolution is that we secured valuable benefits that would not have been available through pursuing our litigation for City government’s injuries under the Fair Housing Act,” he added.Philadelphia Mayor Jim Kenney said, “This agreement brings substantial support to the very communities that most need this assistance.”The $10 million from Wells Fargo will not go to the city of Philadelphia but rather directly to nonprofits and grants for homeowners.Most of the money—$8.5 million—will go to down payment and closing cost assistance for low- and moderate-income borrowers. The aid will be distributed by the Philadelphia Housing Development Corporation.Then $1 million will go toward foreclosure prevention, and $500,000 will go to Philadelphia’s land care program to help clear and maintain vacant lots.“The efforts funded through these grants are consistent with Wells Fargo’s broader philanthropic strategy, which includes a $1 billion commitment over the next six years to address the U.S. housing affordability crisis,” Kirk said.In addition to the financial commitment, Pratt said, “We are also pleased that—beyond financial relief—the City and Wells Fargo will collaborate on a novel ‘Understanding Philadelphia’ program. Through the program, we hope to explore new ways to promote increased homeownership in Philadelphia and remove any impediments that exist.” Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

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Teenage boy assaulted in a house in Derry overnight

first_img Twitter Previous articleDerryman sentenced to four years after admitting copyright offencesNext articleBallybofey and Stranolar Golf Club win J.B. Carr Trophy admin Teenage boy assaulted in a house in Derry overnight By admin – September 8, 2015 Google+ WhatsApp Three factors driving Donegal housing market – Robinson Pinterest GAA decision not sitting well with Donegal – Mick McGrath Facebook RELATED ARTICLESMORE FROM AUTHOR Homepage BannerNewscenter_img Nine Til Noon Show – Listen back to Wednesday’s Programme Calls for maternity restrictions to be lifted at LUH WhatsApp Facebook Guidelines for reopening of hospitality sector published LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Police in Derry are appealing for information following the report of an assault at a house in Gogarty Close last night. At around 11.20pm, two male youths wearing Puffa jackets with their faces concealed, entered the premises.They assaulted a teenage male youth who was left with injuries to his head and face.The two males then made off on foot across nearby waste ground.Police are appealing for anyone with any information about this incident to contact officers in Strand Road on 101 or Crimestoppers anonymously on 0800 555 111. Google+ Pinterest Twitterlast_img read more

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Donegal IFA calls for Climate Change Bill to be scrapped

first_img RELATED ARTICLESMORE FROM AUTHOR WhatsApp Facebook Almost 10,000 appointments cancelled in Saolta Hospital Group this week Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Google+ Pinterest Calls for maternity restrictions to be lifted at LUH Donegal IFA calls for Climate Change Bill to be scrapped Newsx Adverts Previous articleIrish Government funding of A5 up for discussion at North/South meetingNext articleGovernment reaffirms commitment to fund Altnagelvin Cancer Centre News Highland Google+center_img Pinterest WhatsApp The IFA is calling for the proposed Climate Change Bill to be abandoned in light of the setting of a date for the general election.Earlier this week, the Oireachtas Agriculture Committee called for the bill to be put on hold, expressing concern about some of the restrictions it would impose.the IFA says the bill is ill-timed and badly-thought, with the association’s Donegal president saying the last thing farmers need is more restrictions. Guidelines for reopening of hospitality sector published Three factors driving Donegal housing market – Robinson By News Highland – January 21, 2011 Twitter Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitterlast_img read more

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Protest march over Altnagelvin Radiotherapy decision

first_img Facebook Google+ Twitter Need for issues with Mica redress scheme to be addressed raised in Seanad also Previous articleNorthwest MEP critical of European response to banking crisisNext articleGardai investigate Letterkenny hit and run News Highland RELATED ARTICLESMORE FROM AUTHOR News Minister McConalogue says he is working to improve fishing quota Dail to vote later on extending emergency Covid powers Facebook Pinterest Pinterestcenter_img WhatsApp Protest march over Altnagelvin Radiotherapy decision By News Highland – March 26, 2011 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Google+ Twitter Dail hears questions over design, funding and operation of Mica redress scheme Man arrested in Derry on suspicion of drugs and criminal property offences released WhatsApp The North’s Social Development Minister Alex Attwood has written to the First Minister, Deputy First Minister and Finance Minister asking for a special meeting of the Executive to discuss funding for the radiotherapy unit at Altnagelvin Hospital.Alex Atwood is asking if, as money has already been allocated to the unit, it is lawful for Health Minister Michael Mc Gimpsey to reallocate it.Meanwhile,  a protest march takes lace from Guildhall Square to Altnagelvin this (Saturday) afternoon.last_img read more

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Council promises new communications strategy as Library website is revamped

first_img Previous articleTwo men appear in court accused of murdering Donegal man in GlasgowNext articleSoccer – Monaghan 1 v 4 Derry City News Highland Need for issues with Mica redress scheme to be addressed raised in Seanad also WhatsApp Minister McConalogue says he is working to improve fishing quota The Head of Information Services with Donegal County Council says the council is to embark on a new Communications and PR strategy which will bring the council closer to the people.Brian Boyle was speaking today at the launch of the new Donegal Library website in Letterkenny today.The new library website is easier to navigate than the previous one, and provides clear and easily accessible information to users.Brian Boyle says that’s something he wants to replicate across the council’s other services……..[podcast]http://www.highlandradio.com/wp-content/uploads/2012/05/boyle530.mp3[/podcast] Google+ Facebook Pinterest Newsx Adverts Google+ By News Highland – May 15, 2012 Council promises new communications strategy as Library website is revampedcenter_img Pinterest WhatsApp Twitter Man arrested in Derry on suspicion of drugs and criminal property offences released Twitter 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report RELATED ARTICLESMORE FROM AUTHOR Dail hears questions over design, funding and operation of Mica redress scheme Facebook Dail to vote later on extending emergency Covid powerslast_img read more

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Mac Lochlainn to contest Seanad election for Sinn Fein

first_img HSE warns of ‘widespread cancellations’ of appointments next week Twitter Dail hears questions over design, funding and operation of Mica redress scheme WhatsApp Twitter Google+ RELATED ARTICLESMORE FROM AUTHOR Padraig MacLochlainn who narrowly lost out on a seatIt has been confirmed that former TD Padraig Mac Lochlainn will contest the Seanad Election after receiving a nomination from the Sinn Fein party.MacLochlainn, who narrowly missed out on the final Dail seat in the Donegal Constituency in the General Election, will contest a Seanad seat on the Industrial and Commercial Panel for the party.He says during the General Election campaign he appreciated the huge support in the county and if elected to the Seanad, he will continue to fight for the people of Donegal……….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/03/padraigseanad.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Mac Lochlainn to contest Seanad election for Sinn Fein WhatsAppcenter_img Google+ Homepage BannerNews By admin – March 22, 2016 Dail to vote later on extending emergency Covid powers Previous articleRevenue Commissioners targeting NI based Donegal landlordsNext articlePipe bomb found by Derry PSNI during house search in Sperrin Park admin Facebook Pinterest Facebook Man arrested in Derry on suspicion of drugs and criminal property offences released PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegallast_img read more

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