Month: May 2021

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FHFA Director to Testify at Senate Banking Committee Hearing

first_imgHome / Daily Dose / FHFA Director to Testify at Senate Banking Committee Hearing November 18, 2014 775 Views Tagged with: Congress FHFA Housing Market Senate Banking Committee Servicers Navigate the Post-Pandemic World 2 days ago Federal Housing Finance Agency (FHFA) director Mel Watt will testify before the Senate Committee on Banking, Housing, and Urban Affairs in an open session on Wednesday, November 19.Wednesday will mark Watt’s first time to testify before the Senate Banking Committee since he was appointed director of the FHFA in January. The subject of the hearing will be “The Federal Housing Finance Agency: Balancing Stability, Growth, and Affordability in the Mortgage Market.” The meeting is scheduled to take place from 10 a.m. to 12 noon eastern standard time and will be webcast live on the Senate Banking Committee’s web site.Watt has sparked controversy in recent months by announcing the FHFA’s intention to expand the credit box by loosening the tight lending standards for obtaining a mortgage loan in an attempt to resuscitate the struggling housing market six years after the market collapsed. Critics say that the type of lending Watt is encouraging is what caused the housing market to crash in the first place back in 2008.Financial regulators have already finalized an overhaul of the mortgage lending rules that would lower the required traditional down payment for a mortgage loan from 20 percent to 3 percent. Advocates of the lower down payment contend that it will make homeownership affordable for many who would otherwise take years to save for a 20 percent down payment, while critics say the lower down payment will result in bigger losses for banks if the loans default.Prior to the open session on Wednesday, the Committee will meet in executive session to discuss the nominations of Lourdes Maria Castro Ramirez as assistant secretary of Housing and Urban Development and Therese W. McMillan as federal transit administrator for the U.S. Department of Transportation. Both nominees are from California. Congress FHFA Housing Market Senate Banking Committee 2014-11-18 Brian Honea Related Articles Previous: DS News Webcast: Tuesday 11/18/2014 Next: Superior Home Services Names New Assistant VP of Insurance Operations 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. Sign up for DS News Daily About Author: Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save in Daily Dose, Featured, Government, Newscenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago FHFA Director to Testify at Senate Banking Committee Hearing Demand Propels Home Prices Upward 2 days ago  Print This Post The Best Markets For Residential Property Investors 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 The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more

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Fannie Mae, Freddie Mac Profit Growth Slows in Q3

first_imgSubscribe The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Tagged with: Fannie Mae Freddie Mac GSE Profits Mortgage-Backed Securities Secondary Market Previous: International Document Services Forms New Integrations Team Next: With Recent Republican Victories, Is GSE Reform Possible? Home / Daily Dose / Fannie Mae, Freddie Mac Profit Growth Slows in Q3 Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Tory Barringer Fannie Mae, Freddie Mac Profit Growth Slows in Q3 Servicers Navigate the Post-Pandemic World 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Fannie Mae Freddie Mac GSE Profits Mortgage-Backed Securities Secondary Market 2014-11-06 Tory Barringer Fannie Mae and Freddie Mac are set to send another $6.8 billion to the U.S. Treasury after posting a mild increase in profits for the third quarter.For its part, Fannie Mae reported net income of $3.9 billion for the third quarter, up from a profit of $3.7 billion in Q2 but down from $8.7 billion from a year ago.According to Fannie Mae, the increase was driven primarily by lower fair value losses and an increase in revenues. Also contributing to the third-quarter boost in profits was a recently announced settlement between Goldman Sachs and the GSEs’ conservator, the Federal Housing Finance Agency (FHFA), over faulty residential mortgage-backed securities (RMBS).In a sour sign for the housing market, a shrinking portion of Fannie Mae’s earnings stemmed from credit-related income—$836 million compared to $1.9 billion the prior quarter. The company said the decrease was mostly due to a decline in its benefit for credit losses as home price appreciation continues to slow.Fannie Mae also acknowledged that a growing share of its revenues in recent years have come from increases in guaranty fees, a trend the company expects will continue as its mortgage portfolio contracts.Meanwhile, Freddie Mac reported net income of $2.1 billion for Q3, up from $1.4 billion the prior three-month period. The company attributed the increase to lower derivative losses (stemming from an upturn in long-term interest rates) and the same RMBS settlement that benefited Fannie Mae.Those improvements were counterbalanced against a drop in Freddie Mac’s provision for credit losses “driven by a slight worsening in loss severity,” the company said.As a result of their profitable quarter, Fannie Mae says it expects to pay $4.0 billion in dividends to Treasury in December, while Freddie Mac will pay $2.8 billion.By the end of this year, the two GSEs, which have been in conservatorship since 2008, will have returned a combined $225.5 billion to taxpayers—nearly $40 billion more than the amount the two companies were forced to draw to keep afloat in the aftermath of the financial crisis. Despite that, the GSEs’ agreement with the government stipulates they must continue to pay.That agreement has drawn the ire of the companies’ shareholders, some of whom are trying to take the government to court on claims it has robbed them of their share of the profits and kept the GSEs from being able to return to normalcy.Meanwhile, Washington continues to debate on what should happen to the two mortgage giants as policymakers work to revive private-label securitization and diminish the government’s role in the market. While there has been some support for plans to wind down the GSEs and replace them with a government corporation, those plans remain up in the air in the wake of Republicans’ takeover of the Senate. in Daily Dose, Featured, News, Secondary Market November 6, 2014 791 Views 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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Keeping an Eye on Affordability

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Related Articles Keeping an Eye on Affordability Servicers Navigate the Post-Pandemic World 2 days ago About Author: Staff Writer in Daily Dose, Featured, Market Studies, News Subscribe Previous: Finishing Strong Next: Minimizing Foreclosure, Maximizing Home Retention The Best Markets For Residential Property Investors 2 days ago Prices may be strong in many markets, but according to the recent The Housing and Mortgage Market Review published by Arch MI, affordability may become more of a problem.“A tight job market, interest rates that are still low and an overall shortage of housing are pushing up home prices faster than incomes,” said Dr. Ralph G. DeFranco, Global Chief Economist, Mortgage Services of Arch Capital Services Inc. “That’s good news for those who already own, but bad news for those looking to buy. I expect prices and rates to rise, meaning affordability will only worsen from here. In fact, once mortgage interest rates reach 5 percent, homeownership in high-cost areas like California could be out of reach for many people who qualify now.”In California in particular, home prices are outpacing incomes. Seven of the nation’s 10 least affordable cities are in California, and San Francisco has the highest housing costs relative to income in the country. Arch MI median Debt to Income scale (DTI) in San Francisco is 61 percent. By contrast, the most affordable city in the country, Detroit, has a DTI of 13 percent.What may come as a surprise to some is the rising affordability of housing in New York City., with the median DTI seeing a drop of 8 percent between 2015 and 2017. However, New York is still is still more expensive than all but nine American metro areas.At the state level, the Arch MI Risk Index model, revealed that Alaska, North Dakota, and Wyoming have been plagued by weak employment and home sales, putting them at risk for declines in home price declines. According to Arch MI, declining oil and mining industries have been left these states in recessions, Other states at risk for home price declines include Louisiana, New Mexico, Oklahoma, and West Virginia. Affordability 2017-07-12 Staff Writer The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Affordability The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago July 12, 2017 1,183 Views Home / Daily Dose / Keeping an Eye on Affordability  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

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The Week Ahead: Fed’s Beige Book Spotlights Economic Trends

first_img The Week Ahead: Fed’s Beige Book Spotlights Economic Trends Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Beige Book Fed Federal Reserve the week ahead Home / Daily Dose / The Week Ahead: Fed’s Beige Book Spotlights Economic Trends April 15, 2018 1,691 Views Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago About Author: David Wharton Share Save Previous: The State of Ginnie Mae MBS Issuance Next: Generation Gaps The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articlescenter_img The Federal Reserve will release its latest Beige Book on this coming Wednesday, April 18, at 2 p.m. EST. The Beige Book presents a summary of economic conditions and activity, based on reports from the various Fed district banks. As detailed on the official Federal Reserve website, “Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources. The Beige Book summarizes this information by District and sector.”The last Beige Book, released prior to the most recent meeting of the Federal Open Market Committee on March 20-21,  found wages increasing in many areas, bolstering the argument for further interest rate hikes that are seen as inevitable throughout 2018 by many analysts.Here’s what else is happening in The Week Ahead:Bank of America Q1 Results Monday 8 a.m. ETNAR Housing Market Index, Monday, 10 a.m. ETCensus Bureau Housing Starts Tuesday, 8.30 a.m ETFederal Reserve Vice Chairman for Supervision Governor Randal Quarles Testimony Tuesday, 10 a.m. ET.MBA Mortgage Apps Wednesday 7 a.m. ETPhiladelphia Fed Business Outlook Survey, Thursday, 8:30 a.m. ETTransUnion Q1 Results Friday, 8:30 a.m. ET  Print This Post Beige Book Fed Federal Reserve the week ahead 2018-04-15 David Wharton Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 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] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

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The Figures Behind Judicial State Foreclosures

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago 2018-07-26 Kristina Brewer Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Kristina Brewer The number of foreclosures have decreased back to pre-crisis levels nationally as of April, according to the latest data from CoreLogic. More homeowners are remaining current on their mortgage payments thanks to factors such as unemployment rates at an 18-year low, home prices above the pre-recession peak, and high-quality underwriting.Reflecting a near 4 percent decline, foreclosures have reached .6 percent, though judicial states—states that require lenders to use a judicial procedure when foreclosing—are continuing to have the highest foreclosure rates in the nation at .9 percent, and non-judicial states at .3 percent. Additionally, when the foreclosure rate was back to pre-crisis levels in April, judicial states reflected rates at a higher level. According to the report, judicial states had 42 percent of the nation’s mortgages outstanding, but 68 percent of all loans in foreclosure.Over half of the loans in foreclosure for this period were originated between 2004 to 2008, with a higher percentage of outstanding loans residing in judicial states. Of the loans made in this time period within judicial states, 16 percent were still outstanding, while 60 percent of loans currently in foreclosure from these states were originated during this time. Non-judicial states represented 13 percent of mortgages and 53 percent of loans in foreclosure originated between 2004 and 2008.With the serious delinquency rate (loans 90 days or more past due including loans in foreclosure) down 2 percent in a year-over-year analysis, rates have reached 1.9 percent in April, falling in both judicial and non-judicial states. Though the gap is narrowing between judicial and non-judicial states in foreclosure ratings, the collective serious delinquency rate in non-judicial states returned to the pre-crisis rate of 1.3 percent. The serious delinquency rate in judicial states was 2.6 percent, which is 1.5 times the pre-crisis rate of 1.7 percent. The Figures Behind Judicial State Foreclosures July 26, 2018 1,949 Views Sign up for DS News Daily Share Save Home / Daily Dose / The Figures Behind Judicial State Foreclosures Related Articles Demand Propels Home Prices Upward 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 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Homeownership Gets a Boost from Young Americans Next: Ocwen Releases Q2 Operating Results Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Headlines, Journal, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Kristina Brewer is the Editorial Assistant of Publications for the Five Star Institute, including DS News and MReport magazine. She is a graduate of the University of North Texas (UNT), where she received her Bachelor of Arts in English with a concentration in rhetoric and writing and a minor in global marketing. During this time, she served as Director of Philanthropy in the national women’s fraternity Zeta Tau Alpha, of which she is an alumna. Her passion for philanthropy continued after university when she was an intern at Keep Denton Beautiful, a local partner of Keep America Beautiful, where she drove membership, organized events, and led social media campaigns. Brewer honed her writing at the North Texas Daily, UNT’s student-run newspaper where she wrote about faculty, mentorship, and student life. Brewer also previously worked at Optimus Business Plans where she helped start-ups create funding proposals, risk assessments, and management plans. Subscribelast_img read more

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Industry Responds to Record Unemployment

first_imgSubscribe in Daily Dose, Featured, Market Studies, News Industry Responds to Record Unemployment Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Home / Daily Dose / Industry Responds to Record Unemployment Related Articles The Best Markets For Residential Property Investors 2 days ago housing market 2020 Unemployment 2020-04-03 Mike Albanese Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: DS News Magazine Preview: The Latest on GSE Reform Next: BofA CEO Talks Response to COVID-19 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago April 3, 2020 1,489 Views The U.S. Bureau of Labor Statistics reported the unemployment rate rose to 4.4% on Friday with total employment dropping off by 701,000 in March. The reported increase of 0.9 percentage points in March is the largest month-over-month increase since January 1975, when it rose by the same margin. Construction saw a drop in employment in March of 29,000. Employment had increased in construction by 211,000 over the past year. However, the Bureau reported average hourly earnings rose by 11 cents to $28.62 in March. “Nearly every major sector saw a decline to employment this month,” said Doug Duncan, Chief Economist, Fannie Mae. The report also said the number of people who were temporarily laid off more than doubled in March to 1.8 million and the number of people working part-time but would prefer full-time employment, increased by 1.2 million. ‘First American Chief Economist Mark Fleming called Friday’s report, “a shock to the services sector this large is like nothing we’ve ever seen before.”“While many stay-at-home orders exempt construction, housing is not immune. Homebuilding and remodeling lost 4,500 jobs,” Fleming said. Odeta Kushi, Deputy Chief Economist at First American said on Twitter, “this is an additional headwind to builders who were already facing labor shortages.”  Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: housing market 2020 Unemployment Demand Propels Home Prices Upward 2 days ago About Author: Mike Albanese Share Save While many stay-at-home orders exempt construction, housing is not immune. Today’s jobs report shows home building and remodeling lost 4,500 jobs. This is an additional headwind to builders who were already facing labor shortages.— Odeta Kushi (@odetakushi) April 3, 2020The National Association of Homebuilders (NAHB) reports that residential construction lost 4,300 in March following an increase of 24,100 in February.  The NAHB says residential construction employment now stands at 3 million in March.The Bureau’s report adds the labor participation rate fell by 0.7 percentage points in March, with Duncan adding that indicates many workers have chosen not to search for a new job. Also, Duncan said a non-sampling error by the Bureau of workers on temporary layoff due to COVID-19 “artificially lowered” the unemployment rate by a full percent. “Both of these reasons indicate the rise in the unemployment rate this month was understated,” Duncan said. The Bureau’s report comes 24 hours after the U.S. Department of Labor announced jobless claims doubled to 6.6 million for the week ending on March 28—an increase of 3.3 million. Despite the passing of the $2.2 trillion CARES Act, Tendayi Kapfidze, Chief Economist at LendingTree, said these claims represent a significant loss of income to many Americans and disrupt their ability to meet financial obligations. “This will be reflected in a surge in missed payments on mortgages and other consumer finance products. Many of these will be alleviated by programs such as forbearance so the increase in defaults may be muted in the near term,” he said. Danielle Hale, Chief Economist for realtor.com, said it took 16 weeks during the Great Recession—from January to May 2009—to hit 10 million jobs lost. She added there may be new highs set in the unemployment rate in April and June. Sign up for DS News Daily  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

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DS5: Preparing for Forbearance Exits

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post This episode of DS5: Inside the Industry features Jesse Roth, SVP of Strategic Partnership & Business Development at Auction.com. Roth delves into the ways in which his industry is preparing for forbearance exits by focusing on automation to help manage the volume of requests and increasing staff and training.”I think 2021 will be all about understanding,” Roth said. Subscribe About Author: Christina Hughes Babb DS5: Preparing for Forbearance Exits Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago November 13, 2020 1,767 Views Previous: FHA 2020 Report Shows How It Helped Struggling Homeowners Next: FHFA Releases Foreclosure-Prevention Report Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Media, News, Webcasts The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / DS5: Preparing for Forbearance Exits 2020-11-13 Christina Hughes Babb The Week Ahead: Nearing the Forbearance Exit 2 days ago 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 Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Related Articleslast_img read more

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For First Time Since Spring, Serious-Delinquency Rates Hold Steady

first_imgSubscribe 2020-12-15 Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / For First Time Since Spring, Serious-Delinquency Rates Hold Steady  Print This Post Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. About Author: Christina Hughes Babb Sign up for DS News Daily Data for September collected by analysts at CoreLogic showed 6.3% of mortgages in the United States are in some stage of delinquency (that includes loans in foreclosure).Compared to September 2019, the delinquency rate nationwide has increased by 2.5 percentage points.“Although delinquencies remain high, it’s clear the economy has passed an initial stress test,” CoreLogic CEO Frank Martell said. “High home equity balances and structural protections put in place as a result of the Great Recession contributed to surviving this test. Housing demand remains strong, and rates low, which provides optimism that the housing market will continue to be a bright spot in this COVID-ravaged economy.”Serious delinquencies of 90+ days past due leveled out during the reporting period for the first time since April.According to CoreLogic’s report, “This is in part due to the Dodd-Frank Act, which limits consumer exposure to risky-lending practices; the CARES Act, which affords borrowers more time to seek financial stability; and a record amount of home equity fueled by rapid home price growth, which provides a buffer against foreclosure.”Chief Economist for CoreLogic, Frank Nothaft, added that the researchers’ analysis of CoreLogic’s public records shows more than half of residential mortgage loans originated since the onset of the pandemic have been no-cash-out refinance. “By reducing their mortgage rate with these types of loans, homeowners have been lowering both their interest expense and risk of delinquency,” Nothaft said.Nationwide, the severity of delinquencies during September 2020 can be broken down as such:Early-stage delinquencies (30 to 59 days past due) 1.5%, down from 1.9% in September 2019.60 to 89 days past due was 0.7%, up from 0.6% in September 2019.Serious delinquency (90 days or more past due and including loans in foreclosure) was 4.2%, up from 1.3% in September 2019 (but down slightly from 4.3% in August)As of September 2020, the foreclosure inventory rate was .3%, down from .4% in September last year.CoreLogic’s monthly loan performance reports can be accessed in full at CoreLogic.com. Data Provider Black Knight to Acquire Top of Mind 2 days ago December 15, 2020 1,423 Views Previous: Mnuchin Addresses GSEs and Conservatorship Next: A Perfect Storm Could Push Back Economic Recovery Servicers Navigate the Post-Pandemic World 2 days ago For First Time Since Spring, Serious-Delinquency Rates Hold Steady Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News Related Articleslast_img read more

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Police investigating reports that shots were fired in Derry

first_imgHomepage BannerNews WhatsApp By admin – April 9, 2015 Twitter Police in Derry are investigating reports that shots were fired during trouble last night.PSNI vehicles came under attack from youths throwing masonry in the Leafair Gardens area of the city just before 10pm.Two of the vehicles were substantially damaged and officers used CS spray to bring the situation under control. Police say there were no injuries.Police later received reports that shots had been fired at around 23:20 BST in the same area as the earlier disturbance.Local Cllr Brian Tierney says locals have had enough:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/04/briteir.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter Google+ Previous articleMc Conalogue says DEIS scheme should be expanded following ESRI assessmentNext articleGardai raid homes as part of investigation into stolen Irish Water property admin Nine Til Noon Show – Listen back to Wednesday’s Programme Facebook Three factors driving Donegal housing market – Robinson WhatsAppcenter_img Pinterest Police investigating reports that shots were fired in Derry Pinterest RELATED ARTICLESMORE FROM AUTHOR Help sought in search for missing 27 year old in Letterkenny Facebook 448 new cases of Covid 19 reported today NPHET ‘positive’ on easing restrictions – Donnelly Google+ News, Sport and Obituaries on Wednesday May 26th last_img read more

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Omagh Council Chairperson seeks review of parking charges

first_img Facebook Google+ News Help sought in search for missing 27 year old in Letterkenny Guidelines for reopening of hospitality sector published NPHET ‘positive’ on easing restrictions – Donnelly Omagh Council Chairperson seeks review of parking charges Calls for maternity restrictions to be lifted at LUH Pinterest The Chairperson of Omagh District Council is calling for a review of car parking charges in the town, saying that the high number of parking tickets issued over the past year is a turn off to shoppers.Councillor Martin McColgan says drivers in Omagh received the most parking tickets in County Tyrone, with 3,979 issued last year. That, he says, amounts to over 70 tickets issued every week, and is double the amount issued in Cookstown, Strabane and Dungannon.Cllr Mc Colgan says reduced rates which were introduced over Christmas should be implemented on a year round basis to stimulate town centre trade………….[podcast]http://www.highlandradio.com/wp-content/uploads/2014/03/martyparkingomagh.mp3[/podcast] 448 new cases of Covid 19 reported today Google+center_img Facebook WhatsApp RELATED ARTICLESMORE FROM AUTHOR Twitter Previous articleOireachtas committee quizzing An Post about the post office network’s futureNext articleLynch seeks action to revitalise Letterkenny’s Main Street News Highland By News Highland – March 12, 2014 Pinterest Three factors driving Donegal housing market – Robinson WhatsApp Twitterlast_img read more

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