Top Mortgage Banking Execs Convene for Inaugural Five Star Alternative Disposition Forum

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Top Mortgage Banking Execs Convene for Inaugural Five Star Alternative Disposition Forum The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago May 19, 2015 1,655 Views The Best Markets For Residential Property Investors 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. Servicers Navigate the Post-Pandemic World 2 days ago Alternative Disposition Forum Asset Management REO properties The Five Star Institute 2015-05-19 Brian Honea Related Articles Home / Daily Dose / Top Mortgage Banking Execs Convene for Inaugural Five Star Alternative Disposition Forum Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Brian Honea Demand Propels Home Prices Upward 2 days agocenter_img Tagged with: Alternative Disposition Forum Asset Management REO properties The Five Star Institute Servicers Navigate the Post-Pandemic World 2 days ago Subscribe  Print This Post Share Save Previous: Judge Dismisses RMBS Complaints Against Bank of America, U.S. Bancorp Next: Fannie Mae Announces Pricing For Latest Credit Risk Sharing Transaction Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Collaboration was the theme as several of the mortgage banking industry’s top executives convened at the Five Star Institute’s inaugural Alternative Disposition Forum Tuesday in Las Colinas, Texas, to discuss ideas, opinions, insights, and strategic opportunities in the alternative disposition space.”The attendees at today’s event have pledged their leadership at a pivotal time in housing,” Five Star President and CEO Ed Delgado said. “The focused discussions and open dialogue will go a long way toward ensuring that the challenges that we face will be met with the same determination and resolve that the industry has come to be known for.”About 40 REO, default, and foreclosure executives from all over the country gathered to engage in open dialogue about the “state of the industry.” Topics of discussions included whether short sales are still relevant, whether or not to sell occupied properties, claims without certificate of title, resolving the “hold bucket,” determining the right disposition strategy for the property, the impact of prolonged sales cycles on the community, what to evaluate when considering a property repair, and what can be done to expedite the foreclosure process on vacant and abandoned properties.”The industry is changing, and we’re facing a different set of challenges,” said Elsa Lewis, EVP of Williams & Williams Worldwide Auctions, the event’s hosting sponsor. “We’re all here to talk about those challenges and exchange ideas for finding solutions. Our goal is to provide solutions for our clients. That’s what we do. We’re successful when our clients are successful. We want a win-win for us and our clients, and finding a solution is the best way to get it.”Co-hosting sponsors for the event were Jordan Capital Finance, National Real Estate Solutions, ServiceLink, and VRM Mortgage Services.The intimate setting of the forum with limited attendance and open roundtable-type discussions on all of the topics allowed for interaction on a more personal level and a more fluid learning process, according to those who attended the event.(Editor’s note: The Five Star Institute is the parent company of DS News and DSNews.com) The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily in Daily Dose, Featured, News, REOlast_img read more

Industry Leader Recognized for Diversity and Inclusion Efforts

first_imgSubscribe Demand Propels Home Prices Upward 2 days ago About Author: Kristina Brewer Servicers Navigate the Post-Pandemic World 2 days ago July 19, 2018 2,396 Views Related Articles 2018-07-19 Kristina Brewer The Best Markets For Residential Property Investors 2 days ago Previous: The Industry Pulse: Updates on CoreLogic, NeighborWorks America, and More Next: CoreLogic Partners With TCI for Appraiser Trainee Program  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Headlines, Investment, Journal, News Home / Daily Dose / Industry Leader Recognized for Diversity and Inclusion Efforts Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago On Thursday, the Council for Inclusion in Financial Services (CIFS) hosted the 2018 CIFS Diversity and Inclusion Awards at the 2018 FinServ Expo, where Ed Delgado, president and CEO of the Five Star Institute, was presented with the Fusion Award for “implementing inclusive practices that produced a culture that embraces a collage of thought, race, gender, generations, and preferences.” These awards were presented to those in the financial services industry who have driven initiatives through philanthropy, technology, and business practices,  and who demonstrate an ongoing commitment to changing the landscape of their industry by cultivating diversity, creating an inclusive culture, and championing underrepresented groups.“Recipients impacted both the financial services industry and the community at large byproving that there is power in inclusion,” said John Darden, Board President of the Council forInclusion in Financial Services. “We applaud their work and are pleased to honor theseinfluencers.”This award was given to Delgado in honor of his efforts toward the formation of the American Mortgage Diversity Council (AMDC), a professional association for mortgage industry operators that provides a platform for collaboration of industry leaders for the advancement of the dialogue surrounding diversity and inclusion.According to the AMDC’s website, the organization helps professionals develop tools and strategies “to create an understanding and appreciation of individual differences in thought, experience, race, ethnicity, culture, religion, style, sexual orientation, and gender identity.” “I am humbled and honored to accept this award,” Delgado said. “Diversity and inclusion are inextricably tied to the future of mortgage banking. It is my honor to work alongside many champions in our industry to ensure that our policies, practices, and workforce reflect the diverse nature of our consumer base.”The additional awardees and award categories are as follows: Lifetime Achievement Award: For demonstrating a life-long commitment to diversity and inclusion initiatives that influenced/transformed the industry—Dwight Robinson, Freddie Mac, Retired.Catalyst Award: For accelerating positive impact in diversity and inclusion through philanthropic efforts and/or initiatives in support of underrepresented groups—Keith and Mara Murray, PCV|VRM, Seeds of Hope, and Candace Russell, Carrington Mortgage Services.Impact Award: For technological innovation that supports/enhances inclusion by increasing access to varied options for market participants—Cheryl Travis-Johnson, The Council for Inclusion in Financial Services.Prism Award: For promoting diversity and inclusion initiatives by educating others on the benefits of expansive thought and embracing differences—Wells Fargo Advisors; as well as Patty Arvielo, New American Funding; Charmaine Brown, Fannie Mae; Darlene Slaughter, United Way; and Tony Thompson, National Association of Minority Mortgage Bankers of America.Trailblazer Award: Influencers who have established new and creative diversity and inclusion initiatives that are currently transforming the industry and/or community—Marcia Davies, Mortgage Bankers Association; Desiree Patno, Women in the Housing & Real Estate Ecosystem; and Margo Posey, D/FW Minority Supplier Council.See more stories related to the AMDC below:AMDC Hosts Webinar Covering Inclusive Hiring PracticesLGBT and Mortgage Leaders Collaborate to Better Diversity and InclusionHow Can Mortgage Professionals Promote Diversity? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Kristina Brewer is the Editorial Assistant of Publications for the Five Star Institute, including DS News and MReport magazine. She is a graduate of the University of North Texas (UNT), where she received her Bachelor of Arts in English with a concentration in rhetoric and writing and a minor in global marketing. During this time, she served as Director of Philanthropy in the national women’s fraternity Zeta Tau Alpha, of which she is an alumna. Her passion for philanthropy continued after university when she was an intern at Keep Denton Beautiful, a local partner of Keep America Beautiful, where she drove membership, organized events, and led social media campaigns. Brewer honed her writing at the North Texas Daily, UNT’s student-run newspaper where she wrote about faculty, mentorship, and student life. Brewer also previously worked at Optimus Business Plans where she helped start-ups create funding proposals, risk assessments, and management plans. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Industry Leader Recognized for Diversity and Inclusion Effortslast_img read more

Fostering Positive Results in Housing and Mortgage

first_img The Best Markets For Residential Property Investors 2 days ago October 5, 2018 1,501 Views Home / Daily Dose / Fostering Positive Results in Housing and Mortgage  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Tagged with: HOUSING Leadership mortgage Women in Housing Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago 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. Related Articles HOUSING Leadership mortgage Women in Housing 2018-10-05 Radhika Ojha About Author: Radhika Ojha Subscribe Charmaine Brown, Director, External Outreach and Engagement, Office of Minority and Women Inclusion at Fannie Mae, took home the Cultural Leader Award at the Women in Housing Awards Banquet at the 15th annual Five Star Conference. This award recognizes industry leaders who have successfully fostered forward-thinking company cultures and workplaces through corporate strategies and initiatives that have led to tangible, positive outcomes for colleagues company-wide and beyond. Finalists in this category included Jan Duke COO, a360 Firm Solutions, Riham El-Lakany VP and CMO, Freddie Mac; Yvette Gilmore VP, Single-Family Servicer Performance, Freddie Mac; and Ann Thorn EVP, Mortgage and Vehicle Servicing, Bank of America.Brown is recognized as a diversity and inclusion thought leader, innovator, and advocate. At Fannie Mae, she is responsible for diversity and inclusion outreach strategies for the enterprise internally and externally. She serves as the Vice-Chair of the American Mortgage Diversity Council (AMDC) and sits on the Housing Advisory Board of HomeFree USA. She is also the recipient of the Council for Inclusion in Financial Services (CIFS) Prism Award, as well as the National Urban League’s McGannon award.Watch this video to learn more about Brown and the finalists of the Cultural Leader Award. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News Fostering Positive Results in Housing and Mortgage Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Chase Launches Home Center in Scottsdale Next: The Week Ahead: Anticipating Mortgage Loan Performance Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more

The Week Ahead: President Trump’s State of The Union

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Tagged with: President Donald Trump Sen Mike Crapo State of the Union The Best Markets For Residential Property Investors 2 days ago Previous: Maxine Waters Remains Critical of HUD Next: “Consumers Hesitant to Buy Houses,” Says Economist Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] On Tuesday evening, President Trump will give his State of the Union address to the 116th Congress. This will be the President’s second State of the Union address which will outline the administration’s performance over the last year and his agenda for the third year in office. According to the White House release, before his address last year, President Trump had delivered comprehensive tax cuts and reform to the American people, providing taxpayers and businesses with tax relief. Across the country, companies are using tax cuts to invest in American workers with bonuses, higher wages, and better benefits, the statement reads. In January 2018, Trump and his Republican colleagues in Congress insisted that the $1.5 trillion tax cut will put more money in people’s pockets and encourage U.S. corporations to expand and create more jobs.In his first address, President Trump also pointed out that the economy was booming, however, affordability and rising home prices continue to plague the housing market. He had also outlined the record-setting accomplishments of his first year, and cast an inspiring vision for building a safe, strong, and proud America.As reported in DS News, after making housing finance reforms a key focus area for the Senate Banking Committee, its Chairman Sen. Mike Crapo introduced an outline for housing finance reform legislation, as part of the initiative to create a more sustainable housing finance system.  With news on housing finance reforms, homelessness crisis and a cooling housing market dominating the headlines, it remains to be seen what housing related issues will be addressed by the President this time on Tuesday, February 5 at 9 p.m. EST. Here’s what else is happening in the week ahead: CoreLogic Home Price Insights Report, Tuesday, 9 a.m. ESTMBA Mortgage Apps, Wednesday, 7 a.m. ESTEllie Mae Millennial Tracker, Wednesday, 10 a.m. ESTJerome Powell Speaks, Wednesday, 7 p.m. ESTFreddie Mac Primary Mortgage Market Survey, Thursday 10 a.m. EST in Daily Dose, Featured, Government, News Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days agocenter_img President Donald Trump Sen Mike Crapo State of the Union 2019-02-01 Donna Joseph February 1, 2019 1,914 Views The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / The Week Ahead: President Trump’s State of The Union Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: President Trump’s State of The Union Sign up for DS News Daily About Author: Donna Joseph Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Freddie Mac, Appraisal Institute Offer Manufactured Housing Valuation Training

first_img in Daily Dose, Featured, News, Servicing Freddie Mac, Appraisal Institute Offer Manufactured Housing Valuation Training Tagged with: Appraisals Appraisers Choice program Freddie Mac Homes HOUSING Manufactured Housing The Appraisal Institute Valuation Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles April 26, 2019 2,738 Views  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Radhika Ojha 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. Share Save Scott Reuter, Chief Appraiser and Single-Family Director of Valuation, Freddie MacFreddie Mac and the Appraisal Institute recently announced a partnership to help real estate appraisers to value manufactured homes. The training through this partnership aims to provide practical appraisal training to all appraisers, as well as specifically-targeted training and case studies to address manufactured housing valuation assignments for Freddie Mac’s CHOICEHome program. Scott Reuter, Chief Appraiser and Director of Single-Family Valuation at Freddie Mac spoke to DS News about why this training was needed and what it entails.What was the reason behind providing training to appraisers on manufactured homes?This program fits under our Duty to Serve initiative, which was mandated by Congress through our regulator the Federal Housing Finance Agency (FHFA). The Duty to Serve statute requires both government-sponsored enterprises (GSEs) to provide leadership in three underserved areas. One is rural housing, second is affordable housing preservation, and third is manufactured housing. Under this initiative, we started with the CHOICEHome Program, where manufactured homes are built to certain specifications that are in addition to what a normal manufactured home might have. The ultimate aim of this program is to increase the standardization between site-built and manufactured homes as well as increase the volume of manufactured homes.The pillar of the CHOICEHome products is the minimum specifications that go above and beyond the normal manufactured home. They include interior drywall throughout a 512 roof pitch and energy-efficient packages. The specifications under this program also include these homes being placed on a permanent foundation as well as other site-built-type features such as a garage and carport.Through the CHOICEHome Program, we’re focusing on introducing high-quality affordable housing options into the marketplace. And that’s where the appraisal training for manufactured homes comes into the picture. From a practical standpoint, we thought that one of the key elements of setting this program up for success was to understand how this may be met by appraisers when they’re valuing these homes. What are some of the challenges that appraisers face while valuing these homes, and how will the training help them?The CHOICEHome Program is currently in its pilot stage, and we’re envisioning that these homes are most likely going to be introduced primarily in the rural market. A practicing appraiser faces challenges on a good day with site-built homes in rural settings, let alone the kind of a specialized manufactured home that’s built to all these higher specifications. So from a policy perspective, we’re allowing flexibility so the appraiser can cascade their valuations into that we would like for them to compare these to other choice built homes.However, since this is a brand new product being introduced to the market, the likelihood that they’re going to find another CHOICE-built home that sold recently close by to use for comparison will be remote. So, the collateral policy flexibility will be to use other similar manufactured housing or use a site-built home as a comparable sale when it’s appropriately adjusted. The training will help appraisers to make these comparisons, which in many cases are not apples to apples since many of the existing manufactured housing stock is below the standards of the CHOICEHome Program in terms of construction and design elements. On the other hand, site-built homes are more likely to be superior in these areas, thereby creating an issue for the appraiser to reconcile and adjust to appropriately value these homes.What led Freddie Mac to partner with the Appraisal Institute for this training?The theory behind this training program is to work towards being mindful about the expectations set for the appraisers when they’re in the field. And that led us to the partnership with the Appraisal Institute. Our peers at the institute agreed that this was something that needed attention in the marketplace. They have been great partners, showed a lot of hard work and leadership in setting up this class so that we could introduce this course into the market.How is the course set up to benefit appraisers?The course is being offered in a couple of different ways. The pilot component is a four-hour course being offered to lenders and appraisers. We have also created a full seven-hour course so that it matches the continuing education (CE) needs of appraisers. This course is a full one-day CE option, which is approved across the country as well. The course is also receiving some academic interest as well as interest from numerous future course instructors from across the country. To become a trainer for this course, appraisal trainers actually take the course and must pass a one-hour exam. For appraisers, this course walks through various case studies to illustrate how the appraiser can develop a value for CHOICE manufactured homes. Within this training, what are some of the biggest challenges that appraisers and trainers are likely to face?The most significant training challenge would be to walk appraisers through how to appropriately adjust a site-built home to a manufactured home. At Freddie Mac, we manage risk and there was a concern that by allowing the use of site-built comparable sales to a manufactured home, there would be a real risk of overvaluation of manufactured homes.But this challenge is also the driving force for this training to arm appraisers with the appropriate training and knowledge to appraise such homes. The training is really a practical, step-by-step guide to how you can appropriately value the manufactured homes under our CHOICEHome Program.Is the training being offered only for the first year or will it continue beyond this phase?We launched this training in Dallas recently and are now rolling it out state by state. Once it’s introduced across the country, it’ll be in the permanent curriculum of the Appraisal Institute. To create this training program, the Appraisal Institute has put in a tremendous amount of rigor in terms of not only the content review but peer review as well. What are your takeaways from this project?This project has been interesting because it’s enlightened me to how this market acts and behaves nationwide. Many appraisers are in markets that are close to or on the periphery of where there is manufactured housing. Your typical appraiser, I’m told, will get anywhere from 12 to 15 manufactured home assignments a year if they’re in a market where these are somewhat prevalent. From a practicing appraiser standpoint, that might be one a month. This course is also intended to be in the reference library for appraisers so that when they get these assignments, they can refer to the course booklet to appropriately walk through the steps they need to take to begin to gather their data, analyze it, developed the report, and finalize the value. We’re also putting together a component for the underwriters and the lenders, to help them understand the appraising process better. One of the things we also did was to include a one-page job aid for underwriters and lenders. So hopefully that’ll lessen some questions back to appraisers on manufactured home valuations. I’m sure we will, as we pilot and test and learn, make some more additions, but we’re trying to be very thoughtful about how this may work its way through the system to allow, again, not only appropriate valuation, but also reduce the back and forth between the appraisers, the lenders, and the underwriters, which defeats the efficiency. Subscribe Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: The Week Ahead: The Fed Addresses Interest Rates, Inflation Next: Change in Leadership Announced for FHFA Appraisals Appraisers Choice program Freddie Mac Homes HOUSING Manufactured Housing The Appraisal Institute Valuation 2019-04-26 Radhika Ojha The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Freddie Mac, Appraisal Institute Offer Manufactured Housing Valuation Training 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 The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily last_img read more

Former Fannie Mae CEO Talks Challenges Ahead in Housing

first_img Former Fannie Mae CEO Talks Challenges Ahead in Housing  Print This Post The Best Markets For Residential Property Investors 2 days ago Subscribe Sign up for DS News Daily 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. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Home Prices Recession Sales 2019-10-25 Seth Welborn Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Savecenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago October 25, 2019 1,417 Views Tagged with: Home Prices Recession Sales About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago According to Federal Housing Finance Director Mark Calabria, affordable housing is a “national problem,” a sentiment echoed by Tim Mayopoulos, Blend President, and former Fannie Mae CEO on CNBC. In this Video Spotlight, Mayopoulos discussed the factors impacting affordability, especially for first-time buyers.Low inventory is one of the biggest factors behind affordability issues, especially among the lower end of the market, as the U.S. is currently around 2.5 million units short according to Freddie Mac. Additionally, prices are expected to rise faster at the entry-level than any other segment Mayopoulos notes. “Here’s a labor shortage, land acquisition costs which are extremely high, and regulatory and zoning challenges,” said Mayopoulos.What about the risk of recession? Mayopoulos addressed the worries about another recession, and if we are currently “planting the seeds” for a new downturn.“I think people have learned the lessons from the last crisis, and I don’t think you can solve this problem by lowering credit standards,” he said. “Credit standards are really at an appropriate place, but what we need to do is think about housing stock being part of the national infrastructure. We need to figure out how to create more supply.” The Best Markets For Residential Property Investors 2 days ago Previous: A Commitment to Mortgage Data Privacy Next: Is Housing the Economy’s Saving Grace? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Former Fannie Mae CEO Talks Challenges Ahead in Housing Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, Newslast_img read more

Local Governments Responding to Increased Default Risk

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Local Governments Responding to Increased Default Risk Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: How the CARES Act May Impact Mortgage Servicers Next: Investment Update: The Bright Spots in Bank Performance  Print This Post Subscribe The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Government, Loss Mitigation, Market Studies, News Demand Propels Home Prices Upward 2 days ago Related Articles Across the country, state and local governments are placing moratoriums on foreclosures and evictions as more and more homeowners are impacted by COVID-19. In some of the hardest-hit states, including California and New York, officials are placing restrictions on landlords issuing evictions.Los Angeles Mayor Eric Garcetti issued an executive order that no landlord can evict a residential tenant in the City of Los Angeles during the local emergency period. Tenants will have up to six months following the expiration of the local emergency period to repay any back due rent. The LA City Council is considering expanding the moratorium to 12 months.Meanwhile, in Oakland County, Michigan, County Treasurer Andy Meisner announced that the county will not be issuing residential or business foreclosure notices through the end of 2020. According to Meisner, the county will not be foreclosing on homes or businesses that do not make the March 31 tax deadline.Recently, Nevada Governor Steve Sisolak announced an emergency directive putting a moratorium on all evictions and foreclosures in his state. The directive will be in effect for 90 days and applies to both residential and commercial tenants.”This is not the time to put people out on the streets,” Sisolak said. “This is also not the time to evict small business owners who have been hit by the economic fallout of this pandemic.”On a national level, Wells Fargo & Company has announced that it has suspended residential property foreclosure sales, evictions and involuntary auto repossessions, as part of additional comprehensive steps to help customers, communities and employees grappling with the impact of COVID-19. Additionally, the Wells Fargo Foundation will increase its charitable donations to $175 million to help address food, shelter, small business and housing stability, as well as to provide help to public health organizations.center_img The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 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. March 30, 2020 1,504 Views Coronavirus default Eviction Foreclosure Rent 2020-03-30 Seth Welborn About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Coronavirus default Eviction Foreclosure Rent Share Save Sign up for DS News Daily Home / Daily Dose / Local Governments Responding to Increased Default Risklast_img read more

Buncrana Council wants long term plan for Swilly Ferry service

first_img Google+ Pinterest Facebook 448 new cases of Covid 19 reported today Pinterest Google+ Facebook Three factors driving Donegal housing market – Robinson Buncrana Town Council is seeking a meeting with the owner of the Lough Foyle Ferry Company with a view towards agreeing a long term plan for the operation of the Swilly Ferry service linking Buncrana and Rathmullan.The decision to seek the meeting was taken this week as the council agreed a local contribution of €15,000 towards the running of the service.However, some concern was expressed at the fact that the amount is the same as what was provided last year, while the operating hours have been reduced.Mayor Cllr James Gill says they want to avoid that happening in the future:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/07/jgill830FERRY.mp3[/podcast] RELATED ARTICLESMORE FROM AUTHOR WhatsApp Newscenter_img Buncrana Council wants long term plan for Swilly Ferry service NPHET ‘positive’ on easing restrictions – Donnelly Previous articleThose who received household charge bill in error invited to contact the councilNext articleArrests in Derry following 12th parades News Highland Help sought in search for missing 27 year old in Letterkenny Twitter Calls for maternity restrictions to be lifted at LUH Twitter By News Highland – July 13, 2012 WhatsApp Guidelines for reopening of hospitality sector publishedlast_img read more

Traveller Movement Dail protest organiser says Ballyshannon arson was culmination of recent racism

first_img Facebook News WhatsApp Facebook Twitter Google+ NPHET ‘positive’ on easing restrictions – Donnelly Pinterest Google+ Help sought in search for missing 27 year old in Letterkenny WhatsApp Pinterestcenter_img Calls for maternity restrictions to be lifted at LUH Previous articleIBOA hits out at Mercer Report as Doherty calls for action on bankers’ payNext articleCanning calls vigilance after Carrowreagh farm incicent News Highland Travellers from across the country will protest outside Leinster House this afternoon in protest at what they say has been a rise in anti-traveller racism.The Irish Traveller Movement says this noticeable rise includes recent comments by public representatives and members of the judiciary, culminating with the burning of a house allocated to a Traveller family in Ballyshannon.They say these incidents have resonated strongly with Travellers nationwide, and a letter will be presented to the Taoiseach and the heads of all political parties calling on them to challenge instances of racism perpetrated by party members.The Irish Traveller Movement’s Director is Bridget Quilligan………….[podcast]http://www.highlandradio.com/wp-content/uploads/2013/03/bridg10.mp3[/podcast] By News Highland – March 13, 2013 448 new cases of Covid 19 reported today Twitter Traveller Movement Dail protest organiser says Ballyshannon arson was culmination of recent racism Guidelines for reopening of hospitality sector published RELATED ARTICLESMORE FROM AUTHOR Three factors driving Donegal housing market – Robinson last_img read more

Specialist advisors before council after tendering questions are raised

first_img Help sought in search for missing 27 year old in Letterkenny WhatsApp Three factors driving Donegal housing market – Robinson News NPHET ‘positive’ on easing restrictions – Donnelly By News Highland – March 22, 2010 The two specialists who’s advice to Donegal County Council has been questioned by local government auditors will attend a corporate policy group meeting in Lifford today.They will also attend a special meeting of council on Thursday next.It comes after an audit of the council’s accounts for the year ending December 31st 2008 questioned the fact that the services provided by the two advisors did not go to tender. Twitter Google+ Pinterest Specialist advisors before council after tendering questions are raised Google+center_img Pinterest WhatsApp Guidelines for reopening of hospitality sector published Facebook 448 new cases of Covid 19 reported today Calls for maternity restrictions to be lifted at LUH Twitter Previous articleDeputy McHugh: Passport strikes a PR disaster for unionsNext articleDonegal firefighters tackle 16 gorse/hill fires News Highland RELATED ARTICLESMORE FROM AUTHOR Facebooklast_img read more