Month: May 2021

Housing Demand Shifting Toward Central Parts of Cities

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. Tagged with: City Centers Fitch Ratings Home Prices Housing Demand Housing Market About Author: Xhevrije West Governmental Measures Target Expanded Access to Affordable Housing 2 days ago City Centers Fitch Ratings Home Prices Housing Demand Housing Market 2015-08-12 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago August 12, 2015 944 Views Demand Propels Home Prices Upward 2 days ago Share Save Servicers Navigate the Post-Pandemic World 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 ago in Daily Dose, Featured, Market Studies, News Home / Daily Dose / Housing Demand Shifting Toward Central Parts of Cities Subscribe Housing Demand Shifting Toward Central Parts of Cities As home prices reach a sustainable pace, a demographic shift in demand is moving toward city centers, according to Fitch Ratings’ second quarter 2015  U.S. Residential Mortgage-Backed Securities (RMBS) Sustainable Home Price Report.After decades of suburban and exurban growth, Fitch reports that a large portion of housing demand is making its way back to central parts of cities.According to Fitch, home prices have grown 50 percent faster in urban centers than in the larger metro statistical areas (MSAs) since 2000. City centers are expected to continue to experience growth due to the shift in demand, even in regions lacking significant fundamental support, and are currently considered overvalued.”This demand shift implies that city centers will continue to see growth even where regional prices have been stagnant, such as Atlanta or Chicago,” said Stefan Hilts, Fitch Ratings director.Source: Fitch Ratings Following several years of significant growth, home prices have finally began to settle into to a consistent and sustainable period, Fitch says.Real prices have grown only 2.8 percent year-over-year, compared with 8 percent in the year prior. Simultaneously, sustainable home price values have grown with the expanding economy, increasing 2.5 percent over the past year, posting the largest gains since the late 1990s.This demand shift trend is prevalent in nearly every city analyzed, but is particularly strong among growing mid-sized markets, including Nashville, Denver, Portland, and Cincinnati. With increased preference for urban living, one implication going forward is “the likelihood for home ownership rates to remain persistently low and declining as more potential buyers opt to live in cities where rentals dominate,” said Hilts.”Relative growth of the cities continues to accelerate, and Fitch anticipates the trend will continue, with a widespread cultural renaissance driving a population influx into central urban areas that had remained stable in previous decades,” Fitch said.Click here to view the complete Fitch Ratings report.  The Best Markets For Residential Property Investors 2 days ago Previous: Ask the Economist: Recovering Home Prices Can Drive Inventory and Sales Increases Next: Foreclosure Numbers Still Elevated in Florida Despite Substantial Declines  Print This Post Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days agolast_img read more

Yes We Kaine: Virginia Senator is Clinton’s Pick

first_img Demand Propels Home Prices Upward 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, News democratic vp Hillary Clinton Tim Kaine 2016-07-22 Kendall Baer Home / Daily Dose / Yes We Kaine: Virginia Senator is Clinton’s Pick Kaine, 58, was first elected to the city council in Richmond, Virginia, in 1994, and climbed up the political ranks from there. From there he became mayor in 1998, lieutenant governor of Virginia in 2002, and governor of Virginia in 2006. He led the state through one of the darkest periods in its history, the shootings at Virginia Tech University in 2007, and lobbied for tougher gun control laws. Kaine was on Obama’s short list of possible VP picks in 2008 before Obama chose Delaware Senator Joe Biden.Clinton’s selection of Kaine ends months of speculation that HUD Secretary Julián Castro would be the former Secretary of State’s selection for VP. Other candidates on Clinton’s short list were Sen. Elizabeth Warren (D-Massachusetts), Sen. Cory Booker (D-New Jersey), Secretary of Labor Tom Perez, and Secretary of Agriculture Tom Vilsack. July 22, 2016 1,227 Views The Best Markets For Residential Property Investors 2 days ago Tagged with: democratic vp Hillary Clinton Tim Kaine Previous: Mortgage Debt-to-GDP Ratio Will Start Turning North Next: New York AG Fights Against Zombie Foreclosures About Author: Kendall Baer  Print This Post Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Yes We Kaine: Virginia Senator is Clinton’s Pick Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Democratic Presidential Nominee Hillary Clinton made it official on Friday when she announced that Sen. Tim Kaine (D-Virginia) will be her running mate.Kaine’s position on housing falls right in line with the platform that describes its intentions as defending and strengthening the Fair Housing Act and ensuring that regulators have the clear direction, resources, and authority to enforce those rules effectively. The 2016 Democratic Platform states that the party will “continue to fight for those families who suffered the loss of their homes” as well as “help those who are working toward a path of financial stability” by putting “sustainable home ownership into the reach of more families.” It also states Democrats plan to combat the affordable housing crisis and “skyrocketing” rents in many parts of the country, which they fell is leading too many families and workers being pushed out of communities where they work.Tim KaineAs a former fair housing attorney, Kaine has spoken out about his personal experience fighting for fair housing practices. He has also spoke on how fair housing policy in his opinion helps promote justice and provides localities with guidance on how best to plan and invest in their communities. Additionally, Kaine has previously pushed back against an amendment that would as he puts it “weaken a rule that protects individuals from housing discrimination.”Clinton tweeted on Friday that “I’m thrilled to announce my running mate, Tim Kaine, a man who’s devoted his life to fighting for others.” She also tweeted, “Tim Kaine is a relentless optimist who believes no problem is unsolvable if you put in the work to solve it.” Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

What Kraninger Brings to the Table

first_img 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 Demand Propels Home Prices Upward 2 days ago December 6, 2018 4,168 Views Home / Daily Dose / What Kraninger Brings to the Table The Best Markets For Residential Property Investors 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post in Daily Dose, Featured, Government, News BCFP Director Government Kathleen Kraninger Kraninger Mick Mulvaney Senate 2018-12-06 Radhika Ojha Kathleen Laura Kraninger will become the next Director of the Bureau of Consumer Financial Protection after a Senate vote confirmed her nomination. She will succeed Acting Director Mick Mulvaney at the bureau.Kraninger’s nomination was passed by the Senate Banking Committee in August. During that hearing, Sen. Mike Crapo had said, “It is my hope that, if confirmed, Ms. Kraninger will be more accountable to senators on this Committee than Director Cordray was.”Applauding her confirmation as the new director of the BCFP, Jeb Hensarling, Chairman of the Financial Services Committee said, “As Congress continues its efforts to reform the Bureau into a law enforcement agency that truly protects consumers and is accountable to the people, I am confident that with her experience and knowledge of budget management, Kathy will excel as Director of the Bureau. I look forward to working with her, the Trump Administration and House and Senate Democrats to put real reforms in place that protects consumers.”Kraninger is likely to follow the path set by Acting Director Mulvaney during his time at the BCFP. Mulvaney’s entry into the Bureau in November 2017 was a controversial one and has been in the news this year as much for the changes he’s brought to the Bureau as the controversies around them.From requesting $0 for the Bureau’s budget in Q2, and recommending four key changes to make the BCFP “more transparent and accountable,” to the more recent change of name from the Consumer Financial Protection Bureau to the Bureau of Consumer Financial Protection, the Acting Director is expected to leave his mark before he hands over the reins to his successor.During her testimony to the Senate Banking Committee, Kraninger hinted at pursuing a similar path as the current Acting Director Mick Mulvaney. She said that she had four initial priorities for the Bureau if confirmed as Director The first priority she said would be to make the Bureau “fair and transparent.”Secondly, Kraninger intends for BCFP to work closely with other financial regulators and the States on supervision and enforcement. Third, she said, “The Bureau must recognize its profound duty to the American people to protect sensitive information in its possession.”And lastly, she said that she would look at making the Bureau “accountable to the American people for its actions, including its expenditure of resources.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 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: BCFP Director Government Kathleen Kraninger Kraninger Mick Mulvaney Senate Servicers Navigate the Post-Pandemic World 2 days ago About Author: Radhika Ojha The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save What Kraninger Brings to the Table Sign up for DS News Daily Previous: The Mortgage Law Firm Announces Expansion Next: 2019 Trends in Real Estate Investmentslast_img read more

Fitch: Servicers Prepared for Economic Downturn

first_img U.S. Residential Mortgage Backed Security (RMBS) servicers are better equipped and better prepared for another financial crisis, according to Fitch Ratings. Fitch’s latest U.S. RMBS Servicer Handbook indicates that servicers are now better positioned than they were before the financial crisis, due to new technology and improved regulatory compliance over the past 10 years.“Improved systems allow servicers to respond more quickly to unexpected events, as evident by strong delinquency recoveries after recent natural disasters,” said Roelof Slump, Managing Director at Fitch Ratings. Natural disasters may be one of the biggest threats to the economy, despite strong recoveries in recent months.According to a recent report by CoreLogic, in Hurricane Harvey’s federally declared disaster areas, 80 percent of the homes lacked flood insurance. The report also revealed a jump in serious mortgage delinquencies on damaged homes within the area to more than 200 percent. As serious disasters continue to occur in areas once considered unthreatened by the phenomenon, the potential of a foreclosure crisis in unprepared, unsuspecting areas looms large over the nation’s mortgage industry.In the meantime, according to Fitch, the recent efficiency gains, combined with improving mortgage performance, have resulted in a decline in average servicer employment of 71 percent for banks and 33 percent for nonbanks over the past five years.Fitch notes that new technology has made mortgage servicing less concentrated across the industry, allowing servicers to transfer loans more easily and effectively. According to Fitch, this may be a mitigant to servicer disruption in a downturn, as loans in a distressed servicer’s portfolio may be transferred or consolidated more easily. Additionally, the Handbook found that the ten largest servicers by UPB balance control approximately 80 percent of overall servicing UPB as of third-quarter 2018, which is down from 93 percent five years ago.Fitch’s quarterly U.S. RMBS Servicer Handbook includes data and descriptions for all Fitch-related servicers, and incorporates quarterly updates from each servicer. Each quarter, the Handbook is updated to include up-to-date rating changes, any changes to key rating drivers, and portfolio size and attribute data. Find the complete Fitch Ratings U.S. RMBS Servicer Handbook here. 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago Fitch: Servicers Prepared for Economic Downturn Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: FinTech Fitch Natural Disasters RMBS Servicers Technology Share Save Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Previous: Foreclosure Rates: Back to the Future Next: Addressing the State of the Union in Daily Dose, Featured, Foreclosure, News, Servicing The Best Markets For Residential Property Investors 2 days agocenter_img FinTech Fitch Natural Disasters RMBS Servicers Technology 2019-02-04 Seth Welborn The Best Markets For Residential Property Investors 2 days ago About Author: Seth Welborn Home / Daily Dose / Fitch: Servicers Prepared for Economic Downturn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago February 4, 2019 1,726 Views Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more

Freddie Mac Announces $2B+ Securitization of Reperforming Loans

first_img About Author: Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Freddie Mac Announces $2B+ Securitization of Reperforming Loans Previous: Consolidation and the Value of Bank Debt Next: MQMR Hires Jeff Christensen Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Share Save The Best Markets For Residential Property Investors 2 days ago avoiding foreclosure Freddie Mac RPL SCRT 2019-05-09 Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Freddie Mac Announces $2B+ Securitization of Reperforming Loans May 9, 2019 2,384 Views 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. center_img Subscribe Demand Propels Home Prices Upward 2 days ago 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 in Daily Dose, Featured, Foreclosure, Government, News, Secondary Market Demand Propels Home Prices Upward 2 days ago Freddie Mac announced its second Seasoned Credit Risk Transfer (SCRT) of 2019, offering a rate securitization of around $2.4 billion.The rate includes both senior and unguaranteed subordinate securities back by seasoned reperforming loans (RPLs).“The SCRT securitization program is a fundamental part of Freddie Mac’s seasoned loan offerings, which reduce less liquid assets in its mortgage-related investments portfolio and sheds credit and market risk via economically reasonable transactions,” the GSE stated in the release.According to the release, the most recent SCRT includes approximately $2.2 billion in guaranteed senior risk certificates and around $247 million in unguaranteed mezzanine and subordinated certificates.Freddie Mac expects the transaction to be settled on Wednesday, May 15.To assist borrowers who were at risk for foreclosure and help them remain in their homes, the underlying collateral consists of the modification of 12,406 fixed-and-step-rate, seasoned RPLs. Freddie Mac reported on its foreclosure prevention activity in its Q1 2019 financial update, and according to the Federal Housing Finance Agency, both Fannie Mae and Freddie Mac completed 13,589 foreclosure prevention actions in January. The GSE’s have completed more around 4.3 million foreclosure actions since the start of conservatorship in September 2008.The RPLs are serviced by Select Portfolio Servicing, Inc, with assistance from Citigroup Global Markets Inc. and Nomura Securities International, Bank of America, Merrill Lynch, BMO Capital Markets Corp., Credit Suisse Securities LLC, Wells Fargo Securities LLC and The Williams Capital Group, L.P.In 2019 Freddie Mac has sold $8 billion on non-performing loans and securitized more than $50 billion of RPLs.Freddie Mac reported an income of $1.7 billion in its financial update.“Our guarantee book of business over the prior year grew 5 percent, demonstrating our heightened competitiveness, and credit quality remains strong,” said Freddie Mac CEO Donald H. Layton. “We also delivered on our mission, making home possible for nearly 450,000 families. These results demonstrate how the transformed Freddie Mac today is a well-run financial institution that produces solid earnings, serves its customers, protects taxpayers and fulfills its mission.” The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: avoiding foreclosure Freddie Mac RPL SCRT The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

€2 per week rent increase on Council houses in Donegal looking unlikely

first_img By News Highland – December 19, 2012 It’s now looking increasingly unlikely that the proposed €2  increase in rent for those living in council owned property will be included in Donegal County Councils budget for 2013.The council had been proposing a rent increase of just over 100 euro per house per year.But in last few minutes, Fine Gael whip on the Council, Barry O’Neill has outlined his parties opposition to the proposal.Sinn Fein had already said earlier this week that they could not support the councils budget if this measure was contained.With more on this, here’s Greg Hughes from the County House in Lifford…..[podcast]http://www.highlandradio.com/wp-content/uploads/2012/12/greg4.mp3[/podcast] Help sought in search for missing 27 year old in Letterkenny NPHET ‘positive’ on easing restrictions – Donnelly Twitter Google+ Google+ Facebook Guidelines for reopening of hospitality sector published WhatsApp Pinterest 448 new cases of Covid 19 reported today center_img Facebook Calls for maternity restrictions to be lifted at LUH Three factors driving Donegal housing market – Robinson RELATED ARTICLESMORE FROM AUTHOR Twitter WhatsApp €2 per week rent increase on Council houses in Donegal looking unlikely News Previous article520 births in Donegal between April and JuneNext articleUnclear if Donegal County Council budget will be passed this evening News Highland Pinterestlast_img read more

Two men charged after assault in Derry

first_img Police in Derry have today charged two men in connection with an assault in the Ebrington Street area of the city in the early hours of yesterday morning.Three masked men assaulted the victim with hammers and bats shortly after 2am.The man was treated in hospital for serious head and facial injuries which are not thought to be life threatening.The two men arrested, aged 26 and 41, have been charged with aggravated burglary with intent to commit grievous bodily harm and possession of an offensive weapon.They are due to appear in Derry Magistrates Court tomorrow. Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Twitter WhatsApp By News Highland – December 23, 2012 WhatsApp News Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Google+center_img Calls for maternity restrictions to be lifted at LUH Previous articlePedestrian critical in Derry after being hit by a carNext articleDonegal has the state’s lowest level of septic tank registration News Highland Pinterest Two men charged after assault in Derry RELATED ARTICLESMORE FROM AUTHOR Facebook Guidelines for reopening of hospitality sector published Twitter Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

IFA claims minister doesn’t appreciate the extent of the fodder crisis in the NW

first_imgNews IFA claims minister doesn’t appreciate the extent of the fodder crisis in the NW Twitter Facebook Minister McConalogue says he is working to improve fishing quota Guidelines for reopening of hospitality sector published Google+ Pinterest Google+ Twitter RELATED ARTICLESMORE FROM AUTHOR Almost 10,000 appointments cancelled in Saolta Hospital Group this week center_img Previous article“Ireland shouldn’t pull out of Eurovision” – DolanNext articleDerry makes final of “The Irish Times” Best Place to Holiday in Ireland competition News Highland IFA Chairs in Donegal and Leitrim are calling on the Agriculture Minister Simon Coveney to look beyond Cork as he considers the fodder crisis.The Chairman of Leitrim IFA Pat Gilhooly said Mr Coveney seems to have forgotten the west and northern parts of the country, where the real problems currently exist with fodder shortages and lack of grass growth. “We have saturated ground, no fodder and no money.”That point was echoed this afternoon by Donegal IFA Chair PJ Mc Monagle, who said that Mrv Coveney should visit the west and North West to see for himself the plight of thousands of farm families who are struggling to deal with the impact of the weather……………[podcast]http://www.highlandradio.com/wp-content/uploads/2013/05/pjifa1pm.mp3[/podcast] By News Highland – May 20, 2013 Need for issues with Mica redress scheme to be addressed raised in Seanad also Facebook Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Calls for maternity restrictions to be lifted at LUH WhatsApp WhatsApplast_img read more

East Derry MLA hopeful of funding for Lough Foyle Ferry

first_img WhatsApp East Derry MLA hopeful of funding for Lough Foyle Ferry By News Highland – November 8, 2012 Facebook RELATED ARTICLESMORE FROM AUTHOR Minister McConalogue says he is working to improve fishing quota Twitter Twitter Calls are being made for a change in legislation from Stormont to enable more funding for the Magilligan – Greencastle ferry service.East Derry MLA John Dallat has lobbied for a funding package which would see the Lough Foyle service linking Greencastle and Magilligan operate all year round.The service currently only operates for part of the year.John Dallat has said he is now more hopeful than ever, that with a change in legislation, the service will now receive much needed funding….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/11/jdall530.mp3[/podcast] 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week center_img Facebook News LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Previous articleIslanders vote in referendum as Supreme Court rules against governmentNext articleThe Return of Sam News Highland Pinterest Need for issues with Mica redress scheme to be addressed raised in Seanad also Pinterest Google+ Dail hears questions over design, funding and operation of Mica redress schemelast_img read more

Councillor concerned at Castlederg anti social behaviour

first_img Pinterest Pinterest Facebook Google+ Councillor concerned at Castlederg anti social behaviour By News Highland – March 22, 2010 WhatsApp RELATED ARTICLESMORE FROM AUTHOR A Strabane Councillor has described a recent increase in anti social behaviour in and around Castlederg as unacceptable.Derg based Councillor Derek Hussey says that recently there has been a major increase in attacks on businesses premises with windows being smashed and other damaged caused.In some cases the same businesses have been targetted on more than one occasion.Councillor Hussey wants anyone with information to contact police: Google+ Facebook Previous articleAttack on 67 year-old Strabane woman “shocking and sickening”Next articleDonegal IFA meeting to discuss REPS scheme News Highland center_img Twitter Man arrested in Derry on suspicion of drugs and criminal property offences released News Twitter Dail to vote later on extending emergency Covid powers WhatsApp Dail hears questions over design, funding and operation of Mica redress scheme HSE warns of ‘widespread cancellations’ of appointments next week PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more