Risky Business

first_imgSubscribe  Print This Post Home / Daily Dose / Risky Business credit default loans mortgage Risk Urban Institute 2018-10-25 Radhika Ojha Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago October 25, 2018 1,212 Views Demand Propels Home Prices Upward 2 days ago Related Articles Previous: Coming to America Next: A Way Amidst the Wildfires The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Risky Business About Author: Staff Writer The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: credit default loans mortgage Risk Urban Institute The Housing Finance Policy Center with Urban Institute has released its Q2 2018 Housing Credit Availability Index (HCAI). The HCAI tracks the amount of mortgage credit available as well as the percentage of home purchase loans likely to go into default after missing payment for more than 90 days. The report released along with the index further distinguishes between the sources of the default risk: whether it stems from borrowers’ inability to pay or the products that service their loans.Overall, the HCAI indicates a decline to 5.7 percent from a peak in Q1 2018 of 5.9 percent, the highest the index has climbed since 2011. This small dip quarter over quarter is a consequence of a shift in the market’s composition: while the government channel saw a loss in market share, the portfolio channel grew, and because the government channel has looser lending standards, this has had consequences on the total amount of credit available.A higher HCAI signifies that lenders are willing to take on a greater risk of default and so also how easy it is to acquire a home loan. The credit available to homebuyers remains far tighter than it was prior to the housing bubble burst—at least half of what it was in pre-bubble years.But because the index also gauges risk from borrowers contrasted against risk from services, it reveals more than just how much credit is available. Because product risk remains negligible, the index indicates that if credit were made more readily available to homebuyers, the risk posed would be slight. Just compare the current total risk posed in the index, or 5.7 percent, with the pre-crisis standard: 12.5 percent from 2001 to 2003. The report makes a subtly compelling argument that the stress felt in the market today from a gauntlet of forces (including rising mortgage rates, affordability issues, and a general lack of supply) could find reasonable respite in an expansion of credit available to prospective homebuyers. This would cause a corresponding increase in default risk, but presumably said risk would remain far below, and outside the perimeters, of the percentages that preceded the crisis of 2008.The government channel today—which as mentioned above recently opened up its credit accordingly—represents the only segment of the market today servicing less-than-pristine borrowers. in Daily Dose, Featured, Loss Mitigation, News Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

FHA Announces New Deputy Assistant Secretary

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Previous: Goldman Sachs: New IPOs Require Diversity Next: ‘Burdensome’ Laws, Regulations Impacting Housing Growth The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / FHA Announces New Deputy Assistant Secretary Servicers Navigate the Post-Pandemic World 2 days ago The Federal Housing Administration (FHA) announced Joseph Gormley as its new Deputy Assistant Secretary for the Office of Single-Family Housing, effective January 21. Gormley has held several positions at both the FHA and the U.S. Department of Housing and Urban Development since 2017. He most recently served as the Chief of Staff to Assistant Secretary for Housing and Federal Housing Commissioner Brian Montgomery, where he served as the principal advisor to the FHA Commissioner and other senior HUD leaders. He previously served as the AVP and Regulatory Counsel at the Independent Community Bankers of America, where he was the policy lead on legal and regulatory issues, including consumer financial protection laws. This position was filled previously by Gisele Roget, who announced her departure from HUD in November 2019. Roget left to become the Deputy Chief of Staff and Director of External Relations at the National Credit Union Administration.In December, the U.S. Senate Committee on Banking approved Montgomery’s nomination as HUD’s new Deputy Secretary. Montgomery was approved by a final vote of 20-5.  His nomination will now move on to the Senate for approval.Montgomery was nominated for the position by HUD in October. He has served as HUD’s Assistant Secretary and managed the day-to-day operations of the agency and assist the Secretary in leading the department’s nearly 8,000 employees. He is also the Commissioner of the Federal Housing Agency.Montgomery said during the nomination hearing in October that he would continue to run the Federal Housing Agency until a replacement is named. He served as FHA Commissioner from 2005 to January 2009 and stepped back into the role in May 2018. Share Savecenter_img About Author: Mike Albanese 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. January 24, 2020 1,194 Views The Best Markets For Residential Property Investors 2 days ago FHA Announces New Deputy Assistant Secretary Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: FHA  Print This Post FHA 2020-01-24 Mike Albanese Demand Propels Home Prices Upward 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

FHFA Announces Extension for Buying Qualified Loans in Forbearance

first_img Demand Propels Home Prices Upward 2 days ago The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend buying qualified loans in forbearance as well as several loan origination flexibilities. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Fannie and Freddie Loan Flexibility August 26, 2020 1,594 Views in Daily Dose, Featured, Foreclosure, Government, News About Author: Christina Hughes Babb The GSEs also will continue to extend several loan origination flexibilities, first set to expire in a few days, until September 30. Said flexibilities include alternative appraisals on purchase and rate term refinance loans; alternative methods for documenting income and verifying employment before loan closing; and expanding the use of power of attorney and remote online notarizations to assist with loan closings. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save “Extending these COVID-19 flexibilities helps keep the mortgage market moving and borrowers safe during the pandemic,” said Director Mark Calabria.To learn more about the following flexibilities, click through the corresponding links: buying qualified loans in forbearance; alternative appraisals on purchase and rate term refinance loans; alternative methods for documenting income and verifying employment before loan closing; and expanding the use of power of attorney to assist with loan closings. Servicers Navigate the Post-Pandemic World 2 days ago To support homeowners and mortgage lenders, the agency approved a continued extension of a temporary policy allowing for the purchase of certain single-family mortgages in forbearance, in circumstances that meet specific eligibility criteria set by Fannie Mae and Freddie Mac. The policy, formerly extended for loans originated through August 31, now is extended through September 30. FHFA Announces Extension for Buying Qualified Loans in Forbearance Related Articles Demand Propels Home Prices Upward 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Fannie and Freddie Loan Flexibility 2020-08-26 Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago  Print This Post Home / Daily Dose / FHFA Announces Extension for Buying Qualified Loans in Forbearance Previous: COVID-19’s Impact on Mortgage-Backed Securities Next: Most Competitive Housing Markets The Best Markets For Residential Property Investors 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. last_img read more

Celebrations planned to mark Letterkenny’s 400th anniversary

first_img WhatsApp Celebrations planned to mark Letterkenny’s 400th anniversary WhatsApp Google+ RELATED ARTICLESMORE FROM AUTHOR By News Highland – April 16, 2010 Previous articleDonegal and Derry flights grounded until tomorrow morning at leastNext articleSurvey to examine Letterkenny General parking congestion News Highland News Twitter Calls for maternity restrictions to be lifted at LUH Twitter Pinterestcenter_img Google+ Facebook A local councillor in Letterkenny says the agreement this week to hold celebrations next year to mark the town’s 400th anniversary could provide the impetus to resurrect the Letterkenny Festival.The debate over the date of Letterkennny’s 400th anniversary has not been resolved, but it’s been decided that the handing over of the lands which led to the emergence of the market town will take place in 2011.The nature of that celebration has yet to be decided, but it has been linked to a growing Facebook campaign to re-establish the festival.Cllr Tadhg Culbert, who moved the anniversary idea, is a former director of the festival. He says its re-emergence would be a good thing: Help sought in search for missing 27 year old in Letterkenny Guidelines for reopening of hospitality sector published Facebook NPHET ‘positive’ on easing restrictions – Donnelly 448 new cases of Covid 19 reported today Three factors driving Donegal housing market – Robinson Pinterestlast_img read more

More investment promised for Glenveagh

first_img Three factors driving Donegal housing market – Robinson More investment promised for Glenveagh WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week RELATED ARTICLESMORE FROM AUTHOR News Pinterest Calls for maternity restrictions to be lifted at LUH Donegal South West Deputy Dinny Mc Ginley has been told that money is to be invested in improving walkways and the restaurant at Glenveagh National Park this year.He was also told by Environment Minister John Gormley that Future investment will be considered in the context of a Management Plan for the park, with a draft going out to public consultation this year according to the environment minister.The numbers visiting the park have been increasing, with over 117,000 visiting Glenveagh last year, 15,000 up on the 2006 figure.Deputy Mc Ginley says as well as supporting tourism, Glenveagh remains an important employer. Pinterest Facebook By News Highland – February 12, 2010 center_img Previous articleBuncrana council getting tough on parking finesNext articleSuicide awareness group addresses Buncrana councillors News Highland Guidelines for reopening of hospitality sector published Google+ Facebook Twitter Google+ WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

Local representatives take to Twitter

first_img Previous articleZed Candy not commenting on local fears for Oatfield’s futureNext articleHarry Clarke painting returned to St Eunan’s Cathedral following 20K restoration News Highland Local representatives take to Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week By News Highland – January 14, 2012 Calls for maternity restrictions to be lifted at LUH Twitter Guidelines for reopening of hospitality sector published LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Some Donegal County Councillors are embracing Twitter in an other way to stay in touch with the people.Twitter’s popularity is growing all the time in Ireland with hundreds of thousands of people exchanging news and their points of view with others.While a number of national politicians are already Tweeting up until recently few if any local councillors had joined the social networking platform.Sinn Fein’s Jack Murray can be followed HERE while Independent representative John Campbell opines HERE. If we hear of any others, we will let you know.You can also follow our Head of News Greg Hughes and journalist Barry Whyte for news and opinion. Facebook Google+ WhatsAppcenter_img Facebook WhatsApp Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Pinterest Google+ RELATED ARTICLESMORE FROM AUTHOR Twitter Pinterest Newsx Adverts Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

DMRT applies to council for funding

first_img Dail to vote later on extending emergency Covid powers Twitter Pinterest WhatsApp Newsx Adverts Twitter Man arrested in Derry on suspicion of drugs and criminal property offences released DMRT applies to council for funding Google+ Facebook By News Highland – October 25, 2011 The Donegal Mountain Rescue Team is appealing to Donegal County Council to provide some funding for next year. Donegal Mountain Rescue, is a completely voluntary organisation.Last year, over 320 people, many of them visitors, were helped or rescued by the team, which is completely self financing. Training, climbing gear, transport and fuel costs are all paid for by DMRT, which gets no external funding.After receiving a presentation from the group, Donegal County Council will reach a decision at its budget meeting on the 21st of December.Donegal Mountain Rescue Team leader Joe Pond, says with more people visiting the county, the team is coming under more and more pressure……Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2011/10/pond1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.center_img Google+ 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Previous articleLetterkenny Mayor criticises cheap drink promotions after 26 attend A&E in one nightNext articleGreencastle body is that of missing Eglinton man News Highland RELATED ARTICLESMORE FROM AUTHOR Need for issues with Mica redress scheme to be addressed raised in Seanad also Pinterest Facebook Dail hears questions over design, funding and operation of Mica redress scheme WhatsApp Minister McConalogue says he is working to improve fishing quota last_img read more

Tourism Minister tells winter school that Irish Open will be great for Donegal

first_img RELATED ARTICLESMORE FROM AUTHOR 365 additional cases of Covid-19 in Republic HSE warns of ‘widespread cancellations’ of appointments next week WhatsApp Google+ Dail to vote later on extending emergency Covid powers Twitter Facebook Google+ Facebook Twitter Pinterestcenter_img By News Highland – February 25, 2012 WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derry Newsx Adverts Man arrested in Derry on suspicion of drugs and criminal property offences released Previous articleTourism Minister to address Colmcille Winter SchoolNext articleLYIT involved in entrepreuner recruitment campaign News Highland Pinterest Tourism Minister tells winter school that Irish Open will be great for Donegal PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal The Tourism Minister has said The 2012 Irish Open in Royal Portrush represents a huge opportunity for tourism operators and businesses in  Donegal.Speaking at the Colmcille Winter School in Gartan today, Minister Varadkar urged Donegal’s tourism industry to take full advantage of all the opportunities provided by the Irish Open being held in the Royal Portrush Golf club at the end of June.Addressing the Winter School Minister Varadkar said he has asked the tourism agencies to ensure that Donegal enjoys the full benefits of the event.He confirmed that the golf team in Fáilte Ireland is sourcing a number of top golfing journalists to bring into Donegal to sample the local golf.Fáilte Ireland will be organising a number of familiarisation trips for overseas media in Donegal before and after the Open event.The minister also added that Fáilte Ireland would be using the Open to promote Donegal within Ireland, and internationally.He said a special eight-page supplement promoting Northwest golf tourism is being planned for early April in advance of the Open, which will further promote Donegal as a top-class destination for those interested in all things golf.last_img read more

53% of Donegal County Council purchases breach purchasing procedures

first_img WhatsApp Further drop in people receiving PUP in Donegal Gardai continue to investigate Kilmacrennan fire WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derry Google+ By News Highland – August 2, 2012 Facebook Donegal County Council is preparing to tender for legal services after the issue was highlighted by the auditor who examined the authority’s accounts for last year.No major problems were uncovered, but a number of issues of concern were raised by the auditor.According to the audit, retrospective approval was received for approximately 21,000 purchase requests after the goods and services had already been received. That, the report says represents 53% of all purchase and breaches purchasing procedures.In most instances, the audit concludes, tendering procedures were appropriate. However, one area where questions have been raised is that of legal services, which apart from some roads projects and other limited instances, have not been tendered for.Responding, County Manager Seamus Neeley said in terms of goods and services, the implementation of central invoice management is imminent, and once applied, it will drive down the level of retrospective approvals.On the issue of legal fees he says considerable scoping work has been done in preparation for early tendering, with the council mindful of the need to strike a balance between unit cost and value for money.He says the work is nearing completion, and he expects tendering to begin within the next number of weeks Facebook 75 positive cases of Covid confirmed in North 365 additional cases of Covid-19 in Republic center_img Previous articleDonegal Deputy calls for Back to School allowance ahead of new school termNext articleSenator questions HSE taxi spend in light of hospital bus withdrawal News Highland Twitter Main Evening News, Sport and Obituaries Tuesday May 25th Google+ RELATED ARTICLESMORE FROM AUTHOR Pinterest Twitter 53% of Donegal County Council purchases breach purchasing procedures Pinterest Newslast_img read more

Family appeal for help in finding missing Donegal man

first_img Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry Family appeal for help in finding missing Donegal man Main Evening News, Sport and Obituaries Tuesday May 25th Twitter The family of a Donegal man who has been missing from his home in Scotland for a week have made an appeal to the public for help in finding him.Originally from Carndonagh, Barry Doherty was last seen in Paisley Renfrewshire last Monday night.His family say they are very anxious about his wellbeing and have asked the public to help find Barry who is 6 foot 1 with blue eyes, brown hair and a Donegal accent.They have also asked Barry to make contact home if he can.Barry’s sister Kathy is asking people to share the poster as widely as possible….[podcast]http://www.highlandradio.com/wp-content/uploads/2013/07/cathymissingbarrysister.mp3[/podcast] 75 positive cases of Covid confirmed in North News 365 additional cases of Covid-19 in Republic Facebook By News Highland – July 22, 2013 Google+center_img Facebook Google+ WhatsApp RELATED ARTICLESMORE FROM AUTHOR Previous articleDrowning victims in Donegal and Tyrone namedNext articleBody of missing Tyrone woman found by search teams News Highland Twitter Pinterest Further drop in people receiving PUP in Donegal WhatsApp Gardai continue to investigate Kilmacrennan firelast_img read more