Month: May 2021

DS News Webcast: Tuesday 2/11/2014

first_img Is Rise in Forbearance Volume Cause for Concern? 2 days ago  Print This Post DS News Webcast: Tuesday 2/11/2014 After months of reports of a slowdown in home price increases, consumers have finally started to temper their expectations for price gains in the next year. Consumers polled in Fannie Mae’s National Housing Survey for January projected an average 2% gain in home prices over the next 12 months. Though it’s the lowest consumer forecast in more than a year, analysts say it isn’t far off from their own predictions.Meanwhile, only 43% of surveyed consumers said they expect price gains in the next 12 months–the lowest share since this time last year.Refinance volume under the Home Affordable Refinance Program finally crossed the three million mark in November, according to a report released Monday by the Federal Housing Finance Agency. As of the end of the month, Fannie Mae and Freddie Mac reported nearly 3,028,000 HARP refinances since its inception, marking a major milestone for the program. In a statement, FHFA director Mel Watt pledged to continue the agency’s efforts to make sure those who can take advantage of HARP have all the information they need to do so. Sign up for DS News Daily February 11, 2014 405 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 2014-02-11 DSNews Related Articles Share Save About Author: DSNewscenter_img Subscribe in Featured, Media, Webcasts Previous: FHFA Announces HARP Milestone Next: Metro Areas See Home Price Growth; Some Face Affordability Issues Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Featured / DS News Webcast: Tuesday 2/11/2014 Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

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Report: GSEs Close to Reaching Agreement With Lenders to Minimize Repurchase Risk

first_img Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Government, News Subscribe About Author: Tory Barringer October 17, 2014 1,115 Views Report: GSEs Close to Reaching Agreement With Lenders to Minimize Repurchase Risk Fannie Mae Federal Housing Finance Agency Freddie Mac GSEs Loan Repurchases Repurchases 2014-10-17 Tory Barringer The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Home / Daily Dose / Report: GSEs Close to Reaching Agreement With Lenders to Minimize Repurchase Risk Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. center_img Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Tagged with: Fannie Mae Federal Housing Finance Agency Freddie Mac GSEs Loan Repurchases Repurchases Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fannie Mae, Freddie Mac, and the Federal Housing Finance Agency (FHFA) are reportedly close to reaching an agreement to make sure lenders can be assured they’re not at risk of repurchase requests, a move that supporters hope will help jumpstart flagging mortgage activity.Citing “people familiar with the matter,” the Wall Street Journal reported Friday that the two GSEs and their conservator are nearing an agreement with lenders that would set clearer definitions of when a loan is considered to be in breach of GSE selling requirements. The agreement could be announced as soon as next week, according to the publication.A spokesperson for Freddie Mac did not immediately return messages seeking comments or confirmation. Both Fannie Mae and FHFA declined to comment.Companies have been reluctant to grant loans to borrowers in the past few years as banks have been forced to buy back billions in mortgages that the agencies said violated their agreements.Though FHFA has taken steps to help allay those fears with new rules, lenders have remained confused on the agency’s definition of fraud. The agreement would clarify what mistakes constitute fraud, the Wall Street Journal reported.In a separate agreement the GSEs and FHFA are also reportedly considering programs that could reopen the door to guarantee some mortgages with down payments as low as 3 percent, including loans to first-time homebuyers, according to the Wall Street Journal. Fannie Mae stopped taking such loans last year, while Freddie Mac stopped guaranteeing them years ago.If completed, the agreement would mark a departure for FHFA, which focused largely on diminishing the GSEs’ presence in the mortgage market under the leadership of former Acting Director Edward DeMarco. With Director Mel Watt now in place, the agency seems more bent on expanding credit access to American borrowers who have been unable to purchase a home under today’s tight credit conditions. Previous: White Paper Discusses Challenges Facing Mortgage Servicers Next: DhanInfo Expands to Meet Growing Property Preservation Outsourcing Demand Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Postlast_img read more

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Is the Balance of Power Swinging Back Toward Homebuyers?

first_imgHome / Daily Dose / Is the Balance of Power Swinging Back Toward Homebuyers? Servicers Navigate the Post-Pandemic World 2 days ago 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] Sign up for DS News Daily February 1, 2019 1,365 Views The Best Markets For Residential Property Investors 2 days ago According to a new Zillow report, the share of homes sold above asking price declined each month in the second half of 2018. December recorded the biggest month-over-month drop since 2012, indicating another sign of the slowing housing market. The report also noted that 19 percent of home sales in the U.S. went for above asking price in December, down from 21 percent in November, and a peak of 24 percent in May. “Last year marked an inflection point in the housing market. The first half of 2018 looked a lot like the previous three years with sellers firmly in control of the market and buyers outbidding each other for scarce inventory, pushing up prices,” said Aaron Terrazas, Senior Economist at Zillow. However, something shifted mid-summer, he noted. As sellers on the sidelines joined in, inventory rose and the balance of power began to swing marginally back toward buyers, particularly in higher-priced communities during the second half of the year. The downward trend in December was widespread with eight of the 10 largest markets in the U.S. recording a drop from November levels with the exception of Philadelphia and Washington, D.C. Twenty-seven markets out of 35 saw a decline in the share of homes that sold above list, with Indianapolis recording the largest drop, where homes selling above list fell by nearly 13 percentage points. This was followed by San Francisco, down by 5.4 percentage points, still recording the second-highest share of homes sold above list price in December at 42.6 percent, exceeded by San Antonio at 44.3 percent. San Francisco Bay Area and Silicon Valley remained the hottest housing region in the country in 2018, according to Zillow. Despite a steady slowdown since the beginning of 2018, San Jose, California (64.1 percent) and San Francisco (61.6 percent) had the highest share of home sales above asking price. Miami, Tampa Bay, and Pittsburgh were 2018’s coolest markets, the report found. Nearly 84 percent of homes in Miami sold for below their asking price last year, which was the highest share among top-35 markets since 2014.Despite the slowdown during the back half of the year, the annual share of homes sold above list price still reflected an upward spike for the fourth consecutive year, though the pace is slowing. Nationally, 23.5 percent of homes sold above list price in 2018 compared to 22.7 percent in 2017. The median amount above asking that sellers realized fell from $7,000 to $6,830.“With mortgage rates now back down, early data from the first month of 2019 suggest that it is still premature to call it a buyer’s market. But more than any time in recent memory, it is important for sellers to be thoughtful in their listing strategy. Buyers are out there, but they’re no longer fighting each other tooth and nail to get in the door,” Terrazas said.    Read the full report here.    Demand Propels Home Prices Upward 2 days ago Share Save Aaron Terrazas Home Prices Home Sales Inventory Zillow 2019-02-01 Donna Joseph Demand Propels Home Prices Upward 2 days ago Previous: Looking for Solutions Next: Maxine Waters Remains Critical of HUD in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Aaron Terrazas Home Prices Home Sales Inventory Zillow About Author: Donna Joseph Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Is the Balance of Power Swinging Back Toward Homebuyers?  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

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Fannie Mae Appoints Sheila C. Bair to Board of Directors

first_img in Daily Dose, Featured, Government, News Fannie Mae recently announced that Sheila C. Bair has been appointed to the Board of Directors. Ms. Bair served as the Chair of the Federal Deposit Insurance Corporation (FDIC), Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury, SVP for Government Relations of the New York Stock Exchange (NYSE), and Commissioner of the Commodity Futures Trading Commission (CFTC).”We are extremely pleased to welcome Sheila to the Fannie Mae Board of Directors,” said Jonathan Plutzik, Chair of the Board. “Her vast experience and proven leadership in some of the world’s most prominent financial, regulatory, and private sector organizations will provide unique and valuable insights to Fannie Mae. We are fortunate for the opportunity to work with her.””Sheila is another tremendous addition to our exceptional Board of Directors,” said Hugh R. Frater, CEO. “Throughout her career she has demonstrated strong banking and financial services prowess, a fierce commitment to affordable lending solutions, and deep business strategy, risk management, and regulatory expertise. She will help guide us as we continue to deliver against our strategic priorities, transform the mortgage experience for our customers and partners, and address our country’s pressing housing needs.”Bair has been appointed to the Compensation Committee, the Nominating and Corporate Governance Committee, and the Risk Policy and Capital Committee of the Board.Previously, Bair has served as President of Washington College, from 2015 to 2017, Senior Advisor to the Pew Charitable Trusts, from 2011 to 2015, and Senior Advisor to international law firm DLA Piper, from 2014 to 2015. From 2002 to 2006, Bair was the Dean’s Professor of Financial Regulatory Policy for the Isenberg School of Management at the University of Massachusetts-Amherst. She also served as counsel to the NYSE from 1988 to 1990, and counsel to Senator Bob Dole from 1981 to 1988.Bair currently serves as a member of the Board of Directors of the Thomson Reuters Corporation, the Board of Directors of Host Hotels & Resorts, Inc., the Board of Directors of the Industrial and Commercial Bank of China Ltd., and on the boards of Paxos Trust Company, LLC and its parent Kabompo Holdings, Ltd., and the Volcker Alliance. She also serves as Chair Emerita of the Systemic Risk Council, a public interest group that monitors progress on the implementation of financial reforms.At the third annual Women in Housing Leadership Forum, discussed her career up to that point, reflecting on her then-current position as chairman of the FDIC and President of Washington College. Of her position at the college she said, “It’s such a relief to have a gender neutral title.””If I look back on my career, I was mentored by more men than women, it just wasn’t many around in senior positions during this time,” Bair noted. “When I broke into the financial services industry, I quickly learned that it was heavily male-dominated and difficult to navigate.”She added, “Financial reform is needed in our industry, especially in investment banking. This is one place where we do not have enough women.”  Print This Post Fannie Mae 2019-08-31 Seth Welborn Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago August 31, 2019 1,727 Views Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Fannie Mae Appoints Sheila C. Bair to Board of Directors Fannie Mae Appoints Sheila C. Bair to Board of Directors The Best Markets For Residential Property Investors 2 days ago Share 1Save Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 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. Previous: Now Boarding: Understanding Servicer Records Onboarding Procedures Next: Hurricane Dorian Causing Havoc in the Atlantic Demand Propels Home Prices Upward 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 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 Tagged with: Fannie Mae About Author: Seth Welbornlast_img read more

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Supreme Court Set to Hear CFPB Constitutionality Case

first_img 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. in Daily Dose, Featured, Government, News Supreme Court Set to Hear CFPB Constitutionality Case Related Articles Demand Propels Home Prices Upward 2 days ago 2019-12-03 Seth Welborn In a scheduling order released by the Supreme Court, the Court announced that it will be hearing the case of Seila Law LLC V. Consumer Protection Bureau on March 3, 2020. The case will include arguments against the Bureau’s leadership structure, as the law firm named in the case, Seila Law, alleges that the structure of the agency grants too much power to its director.According to American Enterprise Institute Senior Fellow Peter J. Wallison, there is more at stake than just the constitutionality of the Bureau.On Real Clear Politics, Wallison argues that this CFPB case is an example of Congress enacting “broadly  phrased laws, essentially delegating the key legislative choices to administrative agencies and violating the Framers’ constitutional plan of separation.”Additionally, he states that the Dodd-Frank Act is another “dangerous step.”Seila Law alleges that the structure of the agency grants too much power to its director. According to court papers, given the CFPB’s broad law enforcement powers, the fact that the president may only remove the director of the CFPB “for inefficiency, neglect of duty, or malfeasance in office” is unconstitutional. As Wallison says, “the president has the power through the appointment and removal of executive officials to carry out the policies he was elected to pursue.” In May, the CFPB beat Seila Law before a panel of the 9th U.S. Circuit Court of Appeals.Last year, in a split decision, a Washington appeals court reversed a previous ruling, declaring the structure of the Consumer Financial Protection Bureau to be constitutional after all. The Court of Appeals for the District of Columbia Circuit ruled in January 2018 that the CFPB’s structure is constitutional and that the director of the agency can only be fired by the president for “inefficiency, neglect of duty, or malfeasance in office.”The court’s ruling read, in part, “None of the theories advanced by PHH supports its claim that the CFPB is different in kind from the other independent agencies and, in particular, traditional independent financial regulators.”CNBC reports that a decision in the case is likely by the end of June. Share Save Subscribe Home / Daily Dose / Supreme Court Set to Hear CFPB Constitutionality Case Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Wells Fargo Names Scott Powell New COO Next: Trends, Challenges Facing Property Preservation in 2020  Print This Post December 3, 2019 1,213 Views last_img read more

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Justice Minister breaks from tradition and refers to ‘Londonderry’ in the Dail

first_img Facebook Need for issues with Mica redress scheme to be addressed raised in Seanad also LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest Twitter Previous articleStolen buses did “doughnuts” in Malin green areaNext articleKFO disappointed at EU ministers’ decision to ban discards News Highland WhatsApp Pinterest It seems the Irish Government is now referring to Derry as ‘Londonderry’.The Justice Minister has this lunchtime being putting through legislation to extend the anti-terrorist powers under the Offences Against the State Act.The powers were initiated after the Real IRA Omagh bombing in 1998.And in the Dáil Minister Alan Shatter was outlining some of the reasons why they should still apply:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/06/13shat1.mp3[/podcast] Facebook Twitter Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey center_img Calls for maternity restrictions to be lifted at LUH WhatsApp Justice Minister breaks from tradition and refers to ‘Londonderry’ in the Dail Google+ RELATED ARTICLESMORE FROM AUTHOR Guidelines for reopening of hospitality sector published News Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week By News Highland – June 13, 2012 last_img read more

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Big freeze could cost the council up to 4 million euro

first_img Twitter Big freeze could cost the council up to 4 million euro WhatsApp Pinterest Dail to vote later on extending emergency Covid powers Minister McConalogue says he is working to improve fishing quota Man arrested in Derry on suspicion of drugs and criminal property offences released Need for issues with Mica redress scheme to be addressed raised in Seanad also Dail hears questions over design, funding and operation of Mica redress scheme Previous articleMore details emerge on Donegal drugs seizureNext articleBuncrana Swine Flu clinics rescheduled News Highland Twitter Newscenter_img Facebook Donegal County Council could be facing a bill well in excess of three million euro  in the wake of the freeze that gripped the country over the last month.Senior Council staff have been briefing councillors this afternoon on how the authority dealt with the thirty one day crisis and how much it has and will cost.Councillors were told that initial estimates, between housing, roads and water, that extra costs to be incurred by the council will exceed  3 million euro.However County Manager Michael McLoone said those estimates may be conservative and that the budget for 2010 will probably be affected as a result.Greg Hughes has this report from Lifford:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/01/15gregory.mp3[/podcast] Google+ By News Highland – January 15, 2010 RELATED ARTICLESMORE FROM AUTHOR 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Facebook Pinterest WhatsApp Google+last_img read more

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Two injured in Termon road traffic collision

first_imgNews RELATED ARTICLESMORE FROM AUTHOR Twitter By News Highland – August 4, 2010 Pinterest WhatsApp Pinterest Two injured in Termon road traffic collision Need for issues with Mica redress scheme to be addressed raised in Seanad also Facebook Dail hears questions over design, funding and operation of Mica redress scheme Emergency services have attended  the scene of a road traffic collision on the Letterkenny to Creeslough road.It is understood two vehicles were involved in the collision close to Termon.There were early reports that two people had been taken to hospital following the crash.center_img Man arrested in Derry on suspicion of drugs and criminal property offences released Previous articleNo surprises in Met Eireann’s analysis of July’s weatherNext articleJuly car sales double that July’09 News Highland 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Google+ Minister McConalogue says he is working to improve fishing quota Twitter Google+ WhatsApp Facebook Dail to vote later on extending emergency Covid powerslast_img read more

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Donegal County Council to ban fracking

first_img Pinterest HSE warns of ‘widespread cancellations’ of appointments next week Newsx Adverts WhatsApp Google+ Man arrested in Derry on suspicion of drugs and criminal property offences released Facebook RELATED ARTICLESMORE FROM AUTHOR WhatsApp Previous articleDerry man appears in court on hatchet chargesNext articleLetterkenny councillors call on minister to stop funding IBAL News Highland Minister McConalogue says he is working to improve fishing quota Twittercenter_img By News Highland – January 17, 2012 Donegal County Council yesterday agreed to ban fracking in its new County Development Plan.Fine Gael Cllr Barry O’Neill voiced his complete opposition to fracking taking place in the county.Fracking, or hydraulic fracturing, is a controversial technique to extract natural gas from the ground, Clare County Council and Leitrim County Councils have already moved to ban it this month.Members agreed amend the draft development plan to ban all intrusive fracking in the county. The plan will govern development in Donegal from this year to 2018.Cllr Barry O’Neill said there is a massive outcry against fracking in Donegal………[podcast]http://www.highlandradio.com/wp-content/uploads/2012/01/oneill1.mp3[/podcast] 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Dail to vote later on extending emergency Covid powers Facebook Pinterest Dail hears questions over design, funding and operation of Mica redress scheme Twitter Google+ Donegal County Council to ban frackinglast_img read more

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Major Donegal road projects shelved due to Government cuts

first_imgNewsx Adverts WhatsApp Google+ Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR HSE warns of ‘widespread cancellations’ of appointments next week WhatsApp Pinterest Dail to vote later on extending emergency Covid powers PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Donegal will be one of the worst affected counties in the country by today’s confirmation that work on all major new road projects is being suspended because of spending cutbacks.Roads projects affected in Donegal include the N56 Mountcharles to Inver Road which was to comprise of 4.9 Killometeres of new road eliminateing a number of dangerous bends.Also shelved is the proposed N56 Dungloe to Glenties project, only in March funding was approved for this with a council meeting in Lifford told how it would open up the west of Donegal to the rest of Ireland.In terms of National Primary Routes – plans to upgrade the N14 Lifford to Letterkenny Road will not now go ahead as scheduled – this despite it being one of the most dangerous stretches in the country and seen as key in tying in with the proposed A5 upgrade in the North.No work will take place on the N15 Lifford to Twin Towns Stretch, the Ballybofey  / Stranorlar by-pass is further long fingered while improvements to the N15 Bundoran to Sligo road are also off the agenda.The decision to shelve these projects, along with 4 others across the country, was taken by the NRA at the direction of Transport Minister – Leo Varadkarcenter_img Google+ Previous articleDonegal Fianna Fail Deputy would back Gay Byrne’s Aras bidNext articleSoccer – Healy pleased with Harps win News Highland Dail hears questions over design, funding and operation of Mica redress scheme By News Highland – August 9, 2011 Man arrested in Derry on suspicion of drugs and criminal property offences released Facebook Major Donegal road projects shelved due to Government cuts Man arrested on suspicion of drugs and criminal property offences in Derry Twitter Pinterestlast_img read more

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