Month: May 2021

Millennials Expected to Power Housing Market in 2015

first_img Share Save About Author: Scott Morgan Previous: New York AG Announces App to Help Homeowners Avoid Foreclosure Rescue Scams Next: FHA Loan Limits Will Not Change for 2015 Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. December 5, 2014 1,590 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Millennials Expected to Power Housing Market in 2015 in Daily Dose, Featured, Market Studies, News Tagged with: Forecast Home Prices Home Sales Homeownership Millennials Realtor.com Home / Daily Dose / Millennials Expected to Power Housing Market in 2015 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 Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago The year 2015 is gearing up to be a stronger, more expensive housing market powered for the first time by new millennial buyers, according to the Realtor.com 2015 Housing Forecast.Among its five largest predictions for next year, Realtor.com expects first-time buyers will return to the market in full force after years of retrenchment that has dampened the recovery of the housing market. This push will be led by millennials, now settling into their families, careers, and 30s, who are eager to buy into the American dream.This prediction mirrors that of Zillow, which earlier this month forecast that millennial buyers will become the driving force behind the American housing market in 2015.According to that report, 42 percent of millennials say they want to buy a home within the next five years. Millennials have, according to most accounts, stayed away from buying because they have eschewed settling into marriages and families until later in their lives.With millennial family growth on the rise and economic conditions improving for younger Americans and the nation in general, Realtor.com foresees more buying among the under-35 set.”In 2015, increases in employment opportunities will empower younger buyers to return to the market and fuel the continued housing recovery,” said Jonathan Smoke, chief economist for Realtor.com. “If access to credit improves, we could see substantially larger numbers of young buyers in the market.”Smoke predicts that millennials will drive two-thirds of household formations over the next five years. Next year’s addition of 2.75 million jobs and increased household formation will be the two key factors driving first-time buyer sales, he said. “However, given a high dependency on financial qualifications, this activity will be skewed to geographic areas with higher affordability, such as the Midwest and South.”The report sees Dallas, Atlanta, Denver, Des Moines, and Houston as the most promising growth areas in 2015, and expects between 5 and 14 percent growth in home sales in these areas.And though the site expects homeownership overall to decrease, despite a growth in ownership for those under 35, Realtor.com predicts that existing-home sales will increase 8 percent as buyers become more motivated by the belief that rates and prices will continue to rise. The increase in home sales year-over-year will be similar to 2012, but this time the composition of properties sold will be more normal with minimal levels of distressed properties, the report noted.Overall, Realtor.com expects home prices to increase 4–5 percent nationally, which in turn will help make homes 5 to 10 percent less affordable in 2015. On the mortgage front, Smoke expects fixed rates to top out at 5 percent by year’s end, as rates on adjustable-rate mortgages will increase little. Forecast Home Prices Home Sales Homeownership Millennials Realtor.com 2014-12-05 Scott Morgan 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 ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Non-Profit Sues HUD Over Stalled Information Request on Reverse Mortgage Foreclosures

first_img Related Articles California Reinvestment Coalition HUD Non-Borrowing Spouses Reverse Mortgages Widow Foreclosures 2015-10-06 Brian Honea October 6, 2015 1,190 Views in Daily Dose, Featured, Foreclosure, News Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Previous: DS News Webcast: Tuesday 10/6/2015 Next: Brock & Scott Expands Operations and Presence in Florida Non-Profit Sues HUD Over Stalled Information Request on Reverse Mortgage Foreclosures Subscribe 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 Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: California Reinvestment Coalition HUD Non-Borrowing Spouses Reverse Mortgages Widow Foreclosures San Francisco-based non-profit California Reinvestment Coalition (CRC) filed a lawsuit in federal court against HUD, claiming that the Department improperly denied a fee waiver for a Freedom of Information Act (FOIA) request, according to an announcement from CRC.CRC submitted the FOIA request in November 2014 in order to obtain more information on HUD’s overseeing of the reverse mortgage industry, the national impact of foreclosures on widowed non-borrowing spouses on reverse mortgages (many of whom are seniors), how HUD responds to these foreclosures, and the track record of OneWest Bank and its reverse mortgage subsidiary, Financial Freedom, according to CRC.”We filed our FOIA request in 2014 after being contacted by affected widows and advocates in the context of our protest against the merger of OneWest Bank with CIT Group,” said Kevin Stein, associate director at CRC. “We heard a number of troubling stories about widowed homeowners being foreclosed on by Financial Freedom. Given the national implications of this problem, we requested data from HUD on the number of people impacted and HUD’s process for designing a new policy. We also asked HUD for data on Financial Freedom foreclosures and complaints so that the public and bank regulators could better evaluate OneWest’s track record as part its merger application.”A spokesman from HUD said the Department’s policy was not to comment on ongoing litigation.”We heard a number of troubling stories about widowed homeowners being foreclosed on by Financial Freedom.”CRC requested the waiver for the FOIA fee based on the non-profit’s belief that the request met the “public interest” requirement, given the number of seniors who could be affected by the problem. HUD denied the fee waiver request in December 2014 and also denied a subsequent appeal in March 2015, claiming that the request did not meet the Department’s public interest requirements, according to CRC.Many so-called “widow foreclosures” happened because some reverse mortgage originators named only the borrower on the reverse mortgage, which later allowed the servicers to foreclose on the non-borrowing spouse. Many of the non-borrowing spouses were unaware that servicers could legally foreclose on them and were not anticipating this. HUD, while overseeing the reverse mortgage industry, allowed these foreclosures until the department was sued and required by law to amend its reverse mortgage policies for non-borrowing spouses, according to CRC.The FOIA request made by CRC is asking HUD for:The number of foreclosures on reverse mortgages nationally since 2009 (including “widow foreclosures,” or foreclosures on non-borrowing, surviving spouses)The number of foreclosures on reverse mortgages by OneWest/Financial Freedom on both borrowers and non-borrowing, surviving spousesThe number of complaints to HUD against OneWest/Financial Freedom since 2009, as well as the types of complaints and resolutionsInformation on HUD’s process for creating new policies to address the issue of widow foreclosuresThe number of current non-borrowing spouses who could potentially face foreclosure because they are not named on the mortgage”We are hopeful this lawsuit will be resolved quickly so the fee waiver is granted, the data we seek in our FOIA request is produced by HUD and the public is granted access to this important information,” Stein said. Servicers Navigate the Post-Pandemic World 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 About Author: Brian Honea Sign up for DS News Daily Home / Daily Dose / Non-Profit Sues HUD Over Stalled Information Request on Reverse Mortgage Foreclosureslast_img read more

Fed Will Proceed With Caution on Future Rate Increases

first_img 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. Subscribe January 14, 2016 1,253 Views in Daily Dose, Featured, Government, News Previous: Will Recent Changes Turn Around JPMorgan’s Mortgage Banking Fortunes? Next: Goldman Sachs Agrees to Pay $5 Billion to Settle RMBS Claims Boston Fed President Eric Rosengren stated in an address at the Greater Boston Chamber of Commerce that the Fed’s recent raising of the federal funds target rate was a milestone, but at the same time, he indicated that future rate increases were likely to be gradual and that it will be important to carefully manage risks to the economy.Rosengren noted that he hopes further normalization is appropriate, but at the same time the “gradual” approach to raising the rates reflects the current economic landscape. Inflation remains well below the Fed’s 2 percent target rate, stock markets have been weak in other parts of the world, oil and commodity prices have been weak, and GDP growth for the U.S. in the fourth quarter has been slow. On the positive side, Rosengren noted the monthly average of 284,000 jobs added in the last quarter of 2015, including the 292,000 added in December.Further rate increases will be determined by incoming economic data and how policymakers view that data, he said.“While monetary policy should not overreact to short-term, temporary fluctuations in financial markets, policy makers should take seriously the potential downside risks to their economic forecasts,” Rosengren said.Rosengren called the economic recovery “painfully slow” since the recession while noting that improvements to the economy in the last year provided the conditions necessary for the Fed to remove some of the “extraordinary monetary policy accommodation” put in place as a necessary, appropriate, and effective response to the crisis and recession. The Fed’s raising of the rates in December was the first short-term rate increase since the Great Recession. Rates remain well below their pre-crisis levels, however; Rosengren stated that the Federal Open Market Committee “expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate.”Click here to read the full text of Rosengren’s speech. Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Tagged with: Boston Fed Federal Funds Target Rate Federal Reserve Short-Term Interest Rates U.S. Economy The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Fed Will Proceed With Caution on Future Rate Increases  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Boston Fed Federal Funds Target Rate Federal Reserve Short-Term Interest Rates U.S. Economy 2016-01-14 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Fed Will Proceed With Caution on Future Rate Increases Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save The Best Markets For Residential Property Investors 2 days agolast_img read more

Court Finds in Favor of MERS

first_img Related Articles Tagged with: MERS MERSCORP Mortgage Electronic Registration Systems Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save The string of legal victories for Mortgage Electronic Registration Systems (MERS) continued on Monday with the announcement from parent company MERSCORP Holdings that a court in Dallas, Texas, had ruled in MERS’ favor recognizing the company’s right as beneficiary to notice of a lawsuit under both the U.S. and Texas Constitutions.In the case of Mortgage Electronic Registration Systems, Inc. v. Summit Residential Services, Summit Residential Services acquired an interest in a property following an HOA foreclosure sale, and in 2002, the property was encumbered by a deed of trust granted by the borrower to MERS. Summit filed suit seeking clear title to the property, and in the suit it named only the original lender identified in the MERS deed of trust.MERS was not provided with notice of the action, nor was it named in the action. Summary judgment was granted to Summit which extinguished the MERS lien in April 2014, and MERS promptly filed its own lawsuit seeking to reinstate its lien. In its suit, MERS contended that it could not be deprived of its protected property without an opportunity to be heard under due process guaranteed by both the U.S. and Texas Constitutions.The Dallas County District Court, 101st Judicial District, agreed with MERS and entered a Final Judgment vacating Summit’s judgment and reinstating MERS’ lien on the property.“This judgment confirms that MERS is a necessary party to any lawsuit affecting property interests when MERS is the mortgagee or beneficiary of record. As such, MERS has a constitutionally protected right entitling MERS to notice of the lawsuit,” said MERSCORP Holdings VP for Corporate Communications, Janis Smith. “MERS will vigorously defend its constitutional and statutory right to notice.”MERS won a number of court decisions just since the second half of 2015 in cases that challenged its right to act as mortgagee. In late September, MERS won decisions in Montana, Georgia, New York, Kentucky, Tennessee, Pennsylvania, and Texas. In January, MERS won its first decision of 2016 in the New Hampshire State Supreme Court. MERS MERSCORP Mortgage Electronic Registration Systems 2016-02-08 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Previous: OCC Recaps Proposals for Regulatory Relief Next: DS News Webcast: Tuesday 2/9/2016 Demand Propels Home Prices Upward 2 days ago February 8, 2016 2,559 Views in Daily Dose, Featured, Newscenter_img About Author: Brian Honea Court Finds in Favor of MERS 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 Home / Daily Dose / Court Finds in Favor of MERS Sign up for DS News Daily 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 Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

CFPB Updates Congress on Mortgage Industry Rules

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Decline? The Delinquency Rate is ‘Simply Normalizing’ Next: Providing Potential Homeowners with a LIFT Sign up for DS News Daily CFPB HMDA Servicing Rules TRID 2017-01-09 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago 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. Tagged with: CFPB HMDA Servicing Rules TRID The Best Markets For Residential Property Investors 2 days ago January 9, 2017 1,668 Views Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Share Savecenter_img  Print This Post Home / Daily Dose / CFPB Updates Congress on Mortgage Industry Rules Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, News The Week Ahead: Nearing the Forbearance Exit 2 days ago CFPB Updates Congress on Mortgage Industry Rules Three of the initiatives by the Consumer Financial Protection Bureau (CFPB) that have had the biggest impact on the mortgage industry—the TILA-RESPA Integrated Disclosure (TRID) rule (a.k.a. the Know Before You Owe, or KBYO rule), the updated Home Mortgage Disclosure Act (HMDA) rule, and the August 2016 updates to the mortgage servicing rules were highlighted in a report on the Bureau’s activities from Q4 2015 to Q3 2016.In its recently-released fourth report to the House and Senate Committees on Appropriations coving October 1, 2015, through September 30, 2016, the Bureau laid out some of the materials and helps it provided during that 12-month period to assist institutions implement those three initiatives.“As the Bureau has issued regulations to implement Dodd-Frank Act requirements, it has focused intently on supporting the implementation process for these rules with both industry and consumers,” CFPB stated in the report. “The Bureau has provided substantial implementation support for these regulations, including engaging in public outreach, speaking at conferences, and publishing guides, summaries, charts, webinars, and other resources.”The implementation of TRID, which went into effect on October 3, 2015, caused no small amount of consternation among mortgage lenders and other stakeholders in the industry. Among the helps the CFPB has provided are several implementation resources that include a plain-language guides containing an overview of TRID’s key aspects, illustrated instructions on how to complete the new Loan Estimate and Closing Disclosure Forms. The Bureau has also conducted several public webinars on TRID to answer specific questions on the implementation and/or interpretation of the rule’s requirements the Bureau has received since the rule went into effect.In July 2016, the Bureau proposed updates to TRID aimed at providing greater clarity and certainty surrounding the rule.“The proposed changes would augment implementation of the KBYO rule, which took effect in October 2015, and further help to facilitate compliance within the mortgage industry,” CFPB stated. “Bureau staff continues to engage in outreach and market monitoring activities to identify implementation issues as they arise, and provide informal oral guidance in response to interpretive inquiries from a myriad of stakeholders.”The CFPB issued its updated HMDA rule in October 2015 along with resources to help industry stakeholders understand and implement the new rule, including a summary and overview of the final rule, a timeline of the rule’s effective dates, coverage charts for financial institutions to determine if they are HMDA reporters, a summary of reportable data explaining the HMDA data points that are to be collected, recorded, and reported per the updated rule, a compliance guide with a plain-language explanation of the rule, a webinar with an overview of the final HMDA rule, and a number of data submission resources for HMDA filers available on the CFPB’s website.“In addition to publishing implementation resources, the Bureau continues to engage in extensive outreach activities, including speaking at conferences and other events, to support the implementation of new HMDA mortgage lending data reporting rules and to identify and address implementation issues,” the Bureau said.The CFPB published a number of resources along with the August 2016 updates to its mortgage servicing rules, including a summary of the new rule, a fact sheet, and a table summarizing how the rule affects small servicers, and a fact sheet explaining the definition of “delinquency” under the new rule and how the new rule applies to TILA-RESPA requirements.“The Bureau plans provide additional support to facilitate implementation and compliance with the August 2016 amendments to the mortgage servicing rules, and to update the existing compliance guide to reflect the August 2016 amendments,” the CFPB wrote in the report.Click here to view the CFPB’s full report. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Recession Could Occur by Presidential Election

first_img Demand Propels Home Prices Upward 2 days ago Previous: Coalition to Stop Real Estate Wire Fraud & Qualia Partner Next: Federal Reserve Board Finalizes Risk Profile Rules for Banks About Author: Mike Albanese The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Recession Could Occur by Presidential Election fcd1aa2d-5b26-4754-ab6b-8342360620f8A report by the Council of Foreign Relations projects that a recession could occur as soon as the 2020 Presidential Election. The report references the years preceding the 2008 financial crisis, which saw a rising gap in the growth in home prices and household income, and a “parallel dynamic is playing out” today.“In 2018, as in 2005, housing-price growth began falling rapidly, with significant price drops occurring in several major markets … The trend-line in existing-home sales growth has also been down since 2015, tipping into negative territory at the start of last year. Similar drops have preceded nearly every recession since 1970,” the report states. Additionally, the report says that if these trends continue the economy should expect to see falls in home prices—possibly beginning by mid-2020—dragging down household spending with a falling economy. “Growth has been slowing, with Trump’s tariff war hitting exports. Manufacturing is contracting. Retail sales, excluding autos, have stalled. Consumer confidence is falling,” the report states. How can an possible recession be slowed? The Council of Foreign Relations said a U.S.-China trade deal, which would boost consumer confidence, is not looking like a possibility. “But all signs are that this is unlikely, given Chinese insistence that structural reforms are now off the table,” the report says. The Fed has already cut interest rates twice in 2019, with a possible third cut looming. Commentary from the Council of Foreign Relations said it would “likely take more than 175 basis points of easing to prevent it.” Questions surrounding a possible recession have been a major theme throughout most of 2019, with opinions divided on the topic. “This is going to be a much shorter recession than the last one,” predicts George Ratiu, Senior Economist with realtor.com. “I don’t think the next recession will be a repeat of 2008. … The housing market is in a better position.”Additionally, the majority of economists and analysts believe the recession still has at least a year before it arrives. Just 2% of economists, strategists, academics, and policymakers believe a recession will start this year, according to a recent survey of more than 200 members of the National Association for Business Economics. Meanwhile, 38% believe one will begin in 2020, while 25% anticipate one starting in 2021. Fourteen percent expect it won’t materialize until after 2021.  Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Recession Could Occur by Presidential Election Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago 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. Tagged with: 2019 economic forecast Great Recession Housing Market 2019 Recession Demand Propels Home Prices Upward 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago October 11, 2019 908 Views Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago 2019 economic forecast Great Recession Housing Market 2019 Recession 2019-10-11 Mike Albanese in Daily Dose, Featured, News Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

Florida Governor Extends Foreclosure Moratorium

first_img  Print This Post As part of the state’s response to the coronavirus pandemic, Florida Gov. Ron DeSantis extended his statewide moratorium on evictions and foreclosures to July 1. Without this order, the moratorium would have expired on Tuesday morning.”I hereby extend Executive Order 20-94, as extended by Executive Order 20-121, until 12:01 a.m. on July 1, 2020,” the executive order reads. DeSantis announced the extension via an email sent out shortly before 8 p.m. on July 1.According to the Orlando Sentinel, State Rep. Anna Eskamani, applauded the move, but bemoaned that it took so long.“Floridians need to be fully paid with their unemployment benefits before they’re expected to make monthly payments like rent,” Eskamani said in a statement to the Orlando Sentinel. “I have been requesting an extension on this moratorium since April and am glad to see it happen, though the last-minute announcement caused unnecessary anxiety for those still waiting for unemployment benefits.”In addition, the state of Florida is preparing how to respond to any future storms while taking the coronavirus pandemic into account, Fox News reports.DeSantis said at a press conference this month that COVID-19 will be around in some form during hurricane season, and the state needs to rethink how to provide shelter for thousands who may need to evacuate if any storms threaten the state.“This virus really thrives and transmits when you have close sustained contact with people inside an enclosed environment,” DeSantis said at a news conference in Sarasota. “As you’re looking at sheltering for a hurricane, you have to keep that in mind. If you pile people into a place, under normal circumstances that may be fine, but that would potentially allow the virus to really spread if somebody is, in fact, infected.” Sign up for DS News Daily June 2, 2020 1,648 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Florida Governor Extends Foreclosure Moratorium COVID-19 Eviction Foreclosure Rent 2020-06-02 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Tagged with: COVID-19 Eviction Foreclosure Rent Data Provider Black Knight to Acquire Top of Mind 2 days ago Florida Governor Extends Foreclosure Moratorium Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: COVID-19 Widening the Housing Gap Next: Freddie Mac Appoints New CFO Servicers Navigate the Post-Pandemic World 2 days ago About Author: 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. Related Articles in Daily Dose, Featured, Foreclosure, News, REO Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Latest Look at Foreclosure Trends

first_imgHome / Daily Dose / Latest Look at Foreclosure Trends Latest Look at Foreclosure Trends Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Across the country, just 11,281 residential properties were in foreclosure in February, according to property data researchers at ATTOM Data Solutions, who just released the February 2021 U.S. Foreclosure Market Report. The number is up 16% from a month ago but down 77% from last year.”Extensions to the Federal Government’s foreclosure moratorium and CARES Act mortgage forbearance program continue to keep foreclosure activity historically low,” said Rick Sharga, EVP of RealtyTrac, an ATTOM Data Solutions company. “These government actions, and the efforts of lenders and mortgage servicing companies, have helped millions of homeowners avoid foreclosure during a year-long global pandemic and a recession that resulted in 22 million lost jobs.”The numbers show that one in every 12,182 U.S. housing units had a foreclosure filing in February 2021.  Utah (one in 3883), Delaware (one in 5219), Florida (one in 6,232), Illinois (one in 6336), and Louisiana (one in every 7,923 housing units) topped the list of states with the highest foreclosure rates.Foreclosure starts increased in 29 states in February. That’s up 15% from last month but down 78% from the previous year.”The government’s moratorium bans foreclosures on government-backed loans for homeowners, and borrowers in the forbearance program are also protected from foreclosure actions,” Sharga noted. “But loans on commercial properties, investment properties, and properties that are vacant and abandoned do not always have the same protections. This could be why we’re seeing a slight increase in foreclosure starts despite the government programs.”Lenders repossessed 1,545 U.S. properties through completed foreclosures (REOs) in February, an 8% increase from last month but still down 85% from last year.Counter to the national trend, those states that saw a decline in completed foreclosures from last month, included Indiana, Colorado, South Dakota, Utah, and Alabama.For its monthly report, which can be found in full at attom.com, ATTOM collects data from more than 3,000 counties nationwide, and those counties account for more than 99% of the U.S. population. About Author: Christina Hughes Babb Servicers Navigate the Post-Pandemic World 2 days ago Previous: FHFA Extends COVID-19-Related Loan Flexibilities Next: Expert Insights: Challenges Facing Default Law Firms The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Foreclosure, Loss Mitigation, News Demand Propels Home Prices Upward 1 day ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago March 11, 2021 2,001 Views Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 1 day ago 2021-03-11 Christina Hughes Babb Share Save Subscribelast_img read more

Udaras to receive more money for job protection – Mc Hugh

first_img By News Highland – December 10, 2014 RELATED ARTICLESMORE FROM AUTHOR Twitter 448 new cases of Covid 19 reported today Twitter Help sought in search for missing 27 year old in Letterkenny Google+ Previous articleDonegal water campaigners in Dublin as major protest gets underwayNext articleDonegal GAA star Geraldine McLaughlin nominated for sportswoman of the year News Highland NPHET ‘positive’ on easing restrictions – Donnelly Udaras to receive more money for job protection – Mc Hugh Google+ Three factors driving Donegal housing market – Robinson center_img Pinterest Facebook Pinterest Udaras na Gaeltachta is to receive an extra one million euro for the protection and creation of jobs across all gaeltacht areas.Junior Gaeltacht Minister Joe Mc Hugh says some of the extra money will be invested in Donegal to backl job creation in companies like Randox, which recently announced a major expansion.He says after years of cuts, it’s significant that Udaras will get more money this year………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/12/joweds.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Nine Til Noon Show – Listen back to Wednesday’s Programme Facebook WhatsApp WhatsApp Homepage BannerNews News, Sport and Obituaries on Wednesday May 26th last_img read more

Chinese national sent forward for trial on drug cultivation charges

first_img Twitter WhatsApp RELATED ARTICLESMORE FROM AUTHOR By News Highland – May 27, 2013 LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton A book of evidence was today(Mon) served on a Chinese national, accusing him of possession of cannabis and cultivating 300 plants worth €240,000 at a Donegal farmhouse.Pui Lam Sam, 64, was sent forward for trial to Donegal Town Circuit Court starting on Wednesday.Sam, of no fixed address, was accused at Donegal District Court of possessing the cannabis and cultivating the plants at Garvagh, Ballintra, on January 24.Judge Kevin Kilrane told him he had 14 days to notify the prosecution if he intended calling an alibi in his defence.Sam was remanded in custody with access to bail previously awarded in the High Court but which, his solicitor Rory O’Brien said, he was unable to raise. Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Previous articleTurbine fall investigation results must be published – SloweyNext articleDonegal County Council calls for release of Hyde Park bombing accused John Downey News Highland Chinese national sent forward for trial on drug cultivation charges Google+ Dail hears questions over design, funding and operation of Mica redress schemecenter_img Google+ Facebook Twitter Pinterest WhatsApp Facebook Need for issues with Mica redress scheme to be addressed raised in Seanad also Minister McConalogue says he is working to improve fishing quota 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Newslast_img read more