Non-Bank Servicers Fall Short For Q2

first_imgHome / Daily Dose / Non-Bank Servicers Fall Short For Q2 Earnings Profits Q2 Walter Investment 2016-08-09 Kendall Baer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News Previous: Housing Bust Foreclosures Drove Up SFR for Metro Areas Next: Foreclosures Drop Sharply from Last Year Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago August 9, 2016 1,182 Views The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Non-Bank Servicers Fall Short For Q2 About Author: Brian Honea Tagged with: Earnings Profits Q2 Walter Investment Related Articles Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Continuing an unfortunate trend for non-bank mortgage servicers in the second quarter of 2016, Walter Investment Management reported a net loss of $232 million for the three-month period ending June 30, 2016, according to the company’s Q2 2016 earnings report released Tuesday.One result of the losses for Walter Investment was a change in leadership. George M. Awad took over as the company’s Executive Chairman of the Board and Interim CEO on June 30, the last day of Q2. The company reported that they have hired an industry veteran as permanent CEO who is expected to start sometime during Q4.Declining interest rates played a major role in the $172 million net loss that Walter Investment reported for Q1, and it was more of the same for the company in Q2. Walter’s Q2 net loss included goodwill impairment charges of $133.6 million after tax and non-cash charges of $87.2 million after tax, resulting from fair value changes due to changes in valuation inputs and other assumptions, according to the company’s announcement.The goodwill impairment charges incurred by Walter Investment during Q2 related to Servicing and ARM reporting units within the company’s servicing segment—and were primarily the result of elevated discount rates applied to lower re-forecasted cash flows, according to Walter Investment.“While second quarter performance showed improvement in some areas as compared to the prior quarter, our results continue to fall short of expectations, driven by both external factors such as the declining interest rate environment as well as internal operational inefficiencies,” Awad said. “We remain resolute on achieving sustainable growth, delivering consistent profitability and maximizing our capital allocation. Our strategy to achieve these goals is founded on three pillars: capital efficiency, process efficiency and an engaged workforce and new leadership.”“While second quarter performance showed improvement in some areas as compared to the prior quarter, our results continue to fall short of expectations, driven by both external factors such as the declining interest rate environment as well as internal operational inefficiencies.”George Awad, Interim CEO, Walter InvestmentDitech, the company’s servicing segment, in particular took a hit because of the goodwill impairment changes; after reporting a pre-tax income of $82.3 million for Q2 2015, Ditech reported a pre-tax loss of $356 million for Q2 2016. Ditech remains one of the top 10 servicers in the country when ranked by unpaid principal balance (UPB); Ditech services approximately 2.1 million accounts with a UPB of approximately $248.6 billion as of the end of Q2. Ditech completed MSR sales of $8.5 billion during Q2. Expenses for the Servicing Segment increased from $239.4 million in Q2 2015 way up to $428.4 million, primarily due to $215.4 million in goodwill impairment charges during the quarter.The Origination segment fared somewhat better than the Servicing segment, reporting a net income of $45.6 million—an increase of $12.7 million over-the-year. Still, revenue for the Origination segment declined over-the-year by $18.5 million, down to $110.2 million—primarily due to a $15.2 million decrease in net gains on sales of loans. Ditech is ranked as a top 20 originator in the country according to UPB.The year 2016 has been as tough for non-bank servicers as 2015 was earnings-wise. Out of the three largest non-bank servicers rated by Moody’s (Ocwen Financial, Nationstar Mortgage, Walter Investment), all reported quarterly losses for both Q1 and Q2 this year. Out of the three, only Nationstar turned a profit for the full year of 2015 ($43 million). Both Ocwen and Walter Investment experienced losses of more than $200 million last year.Click here for Walter Investment’s complete Q2 earnings report. Demand Propels Home Prices Upward 2 days ago 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 Subscribelast_img read more

Condominium Law in Flux

first_img in Daily Dose, Featured, Headlines Sign up for DS News Daily Condominium Law in Flux Lauren Riddick handles contested foreclosure matters as a member of the Codilis & Associates, P.C.’s Contested Litigation Unit and also assists with title matters. She joined the firm in August 2013. Prior to joining the firm, she was an Adjunct Professor of Law with several colleges and a Securities Attorney for a large broker-dealer in Florida. Riddick is a member of the Illinois and Florida Bar Associations. She received her Juris Doctor in 2001 from the University of Florida Levin College of Law, and her Bachelor of Science in 1998 from the University of Florida. Related Articles About Author: Lauren Riddick Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Condominium Law in Flux Subscribe 2017-08-15 Joey Pizzolato  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago A recent opinion from the Illinois’ First Appellate District, Country Club Estates Condominium Assoc. v. Bayview Loan Servicing, LLC, 2017 IL App (1st) 162459, provides that “prompt” payment of assessments is required to extinguish presale assessments under the Condominium Property Act.  This ruling not only puts a new wrinkle on condominium association lien extinguishment, but also clashes with an opinion out of a different division of the same Appellate District issued just months ago.The contrasting rulings, along with an Illinois Supreme Court case issued in late 2015, all focus on a particular statute of the Illinois Condominium Property Act which provides that a foreclosure sale purchaser must pay condominium assessments “from and after the first day of the month” following the foreclosure sale in order to “confirm the extinguishment” of a condominium association’s lien.The Illinois Supreme Court, in 1010 Lake Shore Assoc. v. Deutsche Bank National Trust Co., 2015 IL 118372, had ruled that a condominium association’s lien for pre-foreclosure sale assessments was owed in full by a foreclosure sale purchaser who failed to pay any assessments, as the lien’s extinguishment was never confirmed under the statute.This kicked off a veritable flurry of litigation regarding the payment timing needed to fully extinguish a condo association’s lien, which was seemingly ended, if not at least clarified, earlier this year by Illinois’ First Appellate District in 5510 Sheridan Road Condominium Association v. U.S. Bank, 2017 IL  App (1st) 160279).  In that case, payment of post-foreclosure sale assessments was made approximately seven months after confirmation, three months after a demand was issued, and weeks after suit was filed.  In ruling against the condominium association, the Sixth Division of the First Appellate District held that foreclosure sale purchasers are not subject to any payment deadline in order to confirm the extinguishment of a condominium association’s lien, stating that if the General Assembly had wished to include a strict deadline, they certainly would have done so. The Court further relied on the Illinois Supreme Court’s statement in 1010 Lake Shore Assoc. v. Deutsche Bank National Trust Co., 2015 IL 118372, ¶24, that the statute in question “provides an incentive for prompt payment,” rather than a deadline. A Petition for Leave to Appeal to the Illinois Supreme Court is currently pending.In a strikingly similar fact situation, the Second Division of the First Appellate District in Country Club Estates Condominium Assoc. v. Bayview Loan Servicing, LLC, 2017 IL App (1st) 162459, instead ruled that “prompt” payment is required. In this case, payment of post-foreclosure sale assessments was made approximately seven months after confirmation, three months after a demand was issued, and two months after suit was filed. In its analysis, the Second Division agreed that an explicit deadline didn’t exist, but also cited to the Illinois Supreme Court’s statement in 1010 Lake Shore Assoc. v. Deutsche Bank National Trust Co., 2015 IL 118372, ¶24, that the statute in question “provides an incentive for prompt payment.” The Court stated that to the extent 5510 Sheridan Road “may be read as imposing no timing deadline whatsoever on foreclosure buyers, we find that conclusion to be inconsistent with 1010 Lake Shore.” The Court further implied that seven months is too long, absent extenuating circumstances, but remanded to the lower Court for a ruling of whether prompt payment had in fact occurred.Further guidance regarding the payment timing required to confirm the extinguishment of a condominium association’s lien will hopefully be provided in the pending 5510 Sheridan Road Illinois Supreme Court appeal. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago August 15, 2017 1,715 Views The Best Markets For Residential Property Investors 2 days ago 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 The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Credit Where It’s Due Next: LenderLive Announces New Correspondent Lending Regional Account Managerlast_img read more

The Week Ahead: Measuring Home Affordability

first_img March 25, 2018 1,647 Views in Daily Dose, Featured, News Previous: FHFA: Fannie, Freddie Foreclosure Preventions Top 4M in Q4 Next: Finicity Partners with Ellie Mae Home / Daily Dose / The Week Ahead: Measuring Home Affordability On Monday, March 26, First American will release its monthly Real House Price Index (RHPI) for January. The RHPI measures the price changes for single-family homes across the U.S. after adjusting for the impact of income and interest rate changes on consumer house-buying power over time and across the United States at the national, state, and metro level. The RHPI also adjusts for house-buying power, making it a measure of housing affordability.The December RHPI data released in February indicated that homes were 5 percent more expensive than they were a year ago. Between November and December 2017, house prices increased 0.4 percent. The report said that consumer house-buying power in December increased 0.1 percent and grew 5.6 percent on a year over year basis, while real house prices were 37.1 percent below their housing boom peak in July 2006 and 15.5 percent below the prices in January 2000.Here’s what else is happening in the Week Ahead:S&P CoreLogic Case Shiller Index, Tuesday, 9 a.m. ESTMBA Mortgage Apps data, Wednesday, 7 a.m. ESTNAR Pending Home Sales Index, Wednesday, 10 a.m. ESTUniversity of Michigan Consumer Sentiment Survey, Thursday, 10 a.m. ESTFed Balance Sheet, Thursday, 1 p.m. ESTFreddie Mac Primary Mortgage Market Survey, Thursday, 9 a.m. EST  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Affordability First American Home Prices HPI the week ahead 2018-03-25 Radhika Ojha Related Articles Demand Propels Home Prices Upward 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img About Author: Radhika Ojha Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Affordability First American Home Prices HPI the week ahead The Week Ahead: Measuring Home Affordability Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

Experts: Government Shouldn’t Insure Against Natural Disasters

first_imgHome / Daily Dose / Experts: Government Shouldn’t Insure Against Natural Disasters Tagged with: climate change Housing Policy National Flood Insurance Program Natural Disasters Property Loss Insurance 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 More frequent and more severe natural disasters pose an increasing threat to communities across the nation, but a majority of experts do not support mandatory or government-sponsored insurance in high-risk areas. Zillow previously predicted natural disasters will affect a record number of homes this year, and by 2050, more than 386,000 homes worth more than $200 billion “are at risk of permanent inundation or chronic flooding.” Instead of scaling back on construction in threatened areas, Zillow detected “homes are still being built at striking rates in areas that face high risks of future flooding.” As Congress grapples with this challenge, attempting to determine the future of the National Flood Insurance Program, Zillow conducted its own survey on how the government should respond to the threat natural disasters pose to homes across the nation. Fewer than one-fifth of the 100 real estate experts and economists surveyed agree that the government should subsidize or sponsor property-loss insurance, and fewer than half say the government should require such insurance in areas at high risk of natural disaster. Sixty-eight percent of experts said the government should not subsidize or underwrite property-loss insurance. Instead, experts favor “preemptive measures,” according to Zillow. For example, experts tended to support stricter building codes with “state-of-the-art resilience standards” as well as full construction moratoriums in high-risk areas. Some also favor infrastructure investments, such as seawalls or jetties. Also, close to half, about 47 percent, of experts agreed that homeowners who cannot obtain or afford insurance should relocate to lower-risk, more affordable areas. Zillow sponsored the survey as part of its Zillow Home Price Expectations Survey, which is conducted by Pulsenomics. In terms of home prices, experts predict home price appreciation of 4.3 percent in the next year, as of the first quarter, which is up from a prediction of 3.8 percent in the previous quarter. The increase could be the result of sliding mortgage rates, according to Terry Loebs, Founder of Pulsenomics.Looking further into the future, Loebs said, “The longer-term outlook continues to be mixed and reflect uncertainties about housing supply, first-time homebuyer capacity, and other lingering market risks.” In fact, at the high end, one group of experts predicted 28.3 percent price growth, while the group predicting the lowest price appreciation predict just 6.6 percent appreciation. The Best Markets For Residential Property Investors 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government March 14, 2019 1,300 Views Demand Propels Home Prices Upward 2 days ago About Author: Krista Franks Brock Servicers Navigate the Post-Pandemic World 2 days ago Experts: Government Shouldn’t Insure Against Natural Disasters The Best Markets For Residential Property Investors 2 days ago Share Save Previous: Is Modular Construction the Way of the Future? Next: Montgomery on FHA Streamlining of “Unnecessary and Outdated” Regulations climate change Housing Policy National Flood Insurance Program Natural Disasters Property Loss Insurance 2019-03-14 Krista Franks Brock Subscribelast_img read more

FHFA Updates on Fannie and Freddie NPL Sales

first_img Tagged with: Non-Performing Loans NPL UPB in Daily Dose, Featured, Market Studies, News Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Previous: Trends, Challenges Facing Property Preservation in 2020 Next: Is Housing Prepared for Recession? Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles About Author: Seth Welborncenter_img The Best Markets For Residential Property Investors 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago FHFA Updates on Fannie and Freddie NPL Sales The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago December 3, 2019 1,129 Views The Federal Housing Finance Agency (FHFA) recently released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac.  The Enterprise Non-Performing Loan Sales Report includes information about NPLs sold through June 30, 2019 and reflects borrower outcomes on NPLs sold through December 31, 2018 and reported through June 30, 2019. The sale of NPLs reduces the number of delinquent loans in the Enterprises’ portfolios and transfers credit risk to the private sector. FHFA and the Enterprises impose requirements on NPL buyers designed to achieve more favorable outcomes for borrowers than foreclosure.This report shows that, through June 30, 2019, the GSEs sold 117,466 NPLs with a total unpaid principal balance (UPB) of $22.2 billion. NPLs sold had an average delinquency of 3.0 years and an average loan-to-value ratio of 92%.NPLs in New Jersey, New York and Florida represented nearly half (45%) of the NPLs sold.  These three states accounted for 47% of the Enterprises’ loans that were one year or more delinquent as of December 31, 2014, prior to the start of NPL program sales in 2015. Fannie Mae sold 78,281 loans and Freddie Mac sold 39,185 loans.Compared to a benchmark of similarly-delinquent Enterprise NPLs that were not sold, foreclosures avoided for sold NPLs were higher than the benchmark. NPLs on homes occupied by borrowers had the highest rate of foreclosure avoidance outcomes (36.6% foreclosure avoided versus 14.9% for vacant properties). NPLs on vacant homes had a much higher rate of foreclosure, more than double the foreclosure rate of borrower-occupied properties (73.4% foreclosure versus 31.4% for borrower occupied properties).  Foreclosures on vacant homes typically improve neighborhood stability and reduce blight as the homes are sold or rented to new occupants. Home / Daily Dose / FHFA Updates on Fannie and Freddie NPL Sales Non-Performing Loans NPL UPB 2019-12-03 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Where Mortgage Defaults Persist

first_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post in Daily Dose, Featured, Foreclosure, News Tagged with: default Foreclosure January 2, 2020 2,611 Views default Foreclosure 2020-01-02 Seth Welborn Share Save Servicers Navigate the Post-Pandemic World 2 days ago Previous: A Look Back at Julian Castro’s HUD Tenure Next: Loan-to-Value Ratios, Credit Scores Rise in Q3 2019 November held some of the lowest foreclosure stats in a decade, according to Black Knight. Black Knight’s First Look at November 2019 foreclosure data revealed that November’s 33,500 foreclosure starts represented a 26% year-over-year decline, alongside the lowest monthly volume since 2000.Additionally, the national foreclosure rate fell by 3% month-over-month. While delinquencies rose seasonally, delinquency levels are still nearly 5% below last year’s level. Prepayment activity fell 19% from October’s six-year high due to both seasonal declines in home-sale-related prepays as well as higher interest rates impacting refinance incentive.High non-current loan volumes were concentrated in the South, according to Black Knight. By state, Mississippi holds the highest non-current percentage as of November at 10.44%, a 2.4% increase year-over-year. Behind Mississippi falls Louisiana, Alabama, West Virginia, and Arkansas, all with non-current percentages between 6.23% and 7.84%.At the other end of the scale, Colorado holds the lowest percentage of non-current loans, at 1.81%. Behind Colorado falls Washington (1.86%), Oregon (1.90%), Idaho (1.98%), and California (2.09%). Alaska is the most improved state, with delinquency rates dropping by 12.51% over the last six months.Additionally, the most recent S&P/Experian Consumer Credit Default Indices revealed that overall default increased year over year, from 0.64% in November 2018 to 0.77% in November 2019.Four of the five major metropolitan statistical areas showed higher default rates compared to the previous month. Miami showed the largest increase, up 22 basis points to 1.53%. The default rate for Los Angeles rose 12 basis points to 0.77%, while the rate for New York climbed seven basis points to 1.14%. The level for Dallas rose four basis points to 1.01%, while the rate for Chicago was three basis points lower at 1.14%.The composite default rate, composed of first mortgage, bank card, and auto loan defaults, rose one basis point in November 2019 from 0.93% to 0.94%, and up year over year from 0.83%. Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. The Best Markets For Residential Property Investors 2 days ago Where Mortgage Defaults Persist Subscribe Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Where Mortgage Defaults Persistlast_img read more

The Week Ahead: Update From Financial Regulators

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Update From Financial Regulators Related Articles in Daily Dose, Featured, Government, News On Tuesday, the Senate Committee on Banking, Housing and Urban Affairs will conduct a hearing entitled “Oversight of Housing Regulators.” The witnesses will be: The Honorable Benjamin S. Carson, M.D., Secretary, U.S. Department of Housing and Urban Development; and The Honorable Mark A. Calabria, Ph.D., Director, Federal Housing Finance Agency.Earlier this month, Treasury Secretary Steven T. Mnuchin and Jerome H. Powell, Chairman, Board of Governors of the Federal Reserve System testified before the Committee on the current state of the CARES Act.”We have worked closely with the Small Business Administration on the Paycheck Protection Program (PPP) to ensure the processing of more than 4.2 million loans for over $530 billion to keep tens of millions of hardworking Americans on the payroll,” Mnuchin said in his testimony. “We are proud that nearly 400 Community Development Financial Institutions and Minority Depository Institutions, and many more small and non-bank lenders, are participating in this program.”In Powell’s testimony, he discussed how the Federal Open Market Committee undertook purchases of Treasury securities and agency mortgage-backed securities in the amounts needed to support smooth market functioning.”While the primary purpose of these open market operations is to preserve smooth market functioning and effective policy transmission, the purchases will also foster more accommodative financial conditions,” Powell said.As Powell notes, unlike in 2008, banks entered the current crisis with sufficient liquidity. As a result, they have been well positioned to cushion the financial shocks we are seeing. In contrast to the 2008 crisis when banks pulled back from lending and amplified the economic shock, in this instance they have greatly expanded loans to customers.Additionally, according to Powell, the Federal Reserve is preparing to launch the Main Street Lending Program, which is designed to provide loans to small and medium-sized businesses that were in good financial standing before the pandemic.Here’s what else is happening in The Week Ahead:FOMC Meeting (Tuesday)NAR Housing Affordability Index (Friday) The Best Markets For Residential Property Investors 2 days ago June 5, 2020 1,066 Views Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago CARES Senate 2020-06-05 Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Savecenter_img  Print This Post Previous: DocMagic Provides its eSign Technology at Zero Cost Next: Delinquencies Jump by 90% The Best Markets For Residential Property Investors 2 days ago Subscribe Home / Daily Dose / The Week Ahead: Update From Financial Regulators 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 About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: CARES Senatelast_img read more

41% drop in new buildings recorded in Donegal

first_imgNewsx Adverts WhatsApp Guidelines for reopening of hospitality sector published Help sought in search for missing 27 year old in Letterkenny WhatsApp Previous articlePublic urged to report racist or sectarian incidentsNext articleSoccer – Finn Harps Beat Mervue In Ballybofey News Highland 448 new cases of Covid 19 reported today Twitter Pinterest RELATED ARTICLESMORE FROM AUTHOR By News Highland – July 9, 2012 Calls for maternity restrictions to be lifted at LUH center_img Pinterest Twitter 327 new residential and commercial buildings were recorded in Donegal for the first six months of 2012, according to new figures released today by GeoDirectory.The figures represent a year-on-year decrease of 41% compared to the same period in 2011 when 557 new buildings were added in the county.The 327 new buildings identified in Donegal were composed of 295 residential buildings, 29 commercial buildings and 3 were dual-purpose buildings with both residential and commercial elements.These new additions bring the total number of buildings in Donegal to 87,562.The decrease in new building additions in Donegal in the first half of 2012 of 41% is a larger decrease than the 23% fall recorded nationally. Facebook 41% drop in new buildings recorded in Donegal Google+ Three factors driving Donegal housing market – Robinson NPHET ‘positive’ on easing restrictions – Donnelly Google+ Facebooklast_img read more

Cope believes bank debt deal is on the cards

first_img Google+ Calls for maternity restrictions to be lifted at LUH Previous articleSoccer – 16 Signed Up For New Harps SeasonNext articleSuperintendent denies that Donegal is “open for business” for criminals News Highland Three factors driving Donegal housing market – Robinson RELATED ARTICLESMORE FROM AUTHOR Guidelines for reopening of hospitality sector published North West MEP Pat the Cope Gallagher says he believes the Taoiseach has been given indications that a deal on the Anglo Promisorry Noter and other banking debt may be on the cards.Speaking after the Taoiseach’s visit to the Eurpean Parliament marking the start of the Irish presidency of the EU, Mr Gallagher said while it seems unlikely that the Anglo debt will be written off, he believes longer terms may be offered at better interest rates.He also believes the seperation of bank debt and sovereign debt will be secured.Mr Gallagher says there are clear indications that the Taoiseach knows something is on the cards………[podcast]http://www.highlandradio.com/wp-content/uploads/2013/01/xxcope1pm.mp3[/podcast] LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Google+ Facebook NPHET ‘positive’ on easing restrictions – Donnelly WhatsAppcenter_img Pinterest Twitter WhatsApp By News Highland – January 17, 2013 News Cope believes bank debt deal is on the cards Twitter Facebook Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

CPWP call on Donegal homes to boycott water charges

first_img Pinterest Calls for maternity restrictions to be lifted at LUH Twitter WhatsApp The Can’t Pay Won’t Pay group is calling on householders in Donegal not to return the Application Packs currently being sent out by Irish Water to assess Water Charge levels.The group says this is the first step in building a boycott of the charges.They say this is a double taxation and predict a high level of resistance.It has been suggested that those who followed CPWP advice in not paying the initial Household Charge ended up paying much more in penalties – but Francis McCafferty says that campaign was a success:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/09/CPWP1pmWATER.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. RELATED ARTICLESMORE FROM AUTHOR Pinterest Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Google+ News WhatsAppcenter_img Three factors driving Donegal housing market – Robinson Google+ CPWP call on Donegal homes to boycott water charges Previous article“Hands of History” talks to examine impact of WW1 on DonegalNext articleKinsella & Kelly to ref All Ireland Finals admin Facebook Twitter Guidelines for reopening of hospitality sector published Almost 10,000 appointments cancelled in Saolta Hospital Group this week By admin – September 8, 2014 Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more