Fed Districts Report Continued Moderated Economic Expansion

first_imgSubscribe Servicers Navigate the Post-Pandemic World 2 days ago Fed Districts Report Continued Moderated Economic Expansion The Best Markets For Residential Property Investors 2 days ago October 14, 2015 3,989 Views The 12 Federal Reserve Districts reported continued modest economic expansion from mid-August through early October in the Fed’s October 2015 Beige Book released Thursday.New York, Philadelphia, Cleveland, Atlanta, Chicago, and St. Louis all reported a modest pace of economic growth while Minneapolis, Dallas, and San Francisco reported moderate economic growth. Increased economic activity since the previous Beige Book was issued in early September was reported in Boston and Richmond while a slight decline in economic activity was reported in Kansas City, according to the Fed.The reporting period for the latest Beige Book found residential housing markets have generally improved since the last report with increasing home prices and sales volumes driving the improved housing markets. The latest report found generally positive reports from the banking and finance sectors due to increased lending activity, improved loan quality, and slightly eased lending standards, according to the Fed.Nearly all Fed districts reported rising residential home prices and more sales volume since the previous Beige Book report was issued. The one notable exception was in Chicago, which reported generally steady home prices and sales volume. The market for lower- and moderately-priced homes outperformed the high end of the residential market in a number of districts. Low inventory was reported in Boston, New York, Richmond, and St. Louis, while Philadelphia and Dallas reported adequate housing inventory.Strong residential construction was reported in Atlanta, while declines in new home construction was reported in Minneapolis in Kansas City. A lack of new home construction was reported in Philadelphia, while labor shortages restrained new home construction in the Dallas District.Reports for the banking sector were generally positive, while credit conditions were mixed but improved for the most part, according to the Fed. Declining delinquency rates and improved loan quality were reported in New York; the districts of Cleveland, Richmond, and Kansas City reported little change since the last Beige Book. Eased lending standards for residential real estate were reported in Richmond and Chicago, with no change in New York, Kansas City, and Dallas. Tighter lending conditions were reported in the San Francisco District. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Beige Book Federal Reserve Residential Real Estate Market U.S. Economy 2015-10-14 Brian Honea  Print This Post Home / Daily Dose / Fed Districts Report Continued Moderated Economic Expansion Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News The Best Markets For Residential Property Investors 2 days ago Previous: HUD Secretary Castro Plans to Announce Clinton Endorsement on Thursday Next: Government’s Control of Fannie Mae and Freddie Mac Unlikely to Change, Analyst Says 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. Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Beige Book Federal Reserve Residential Real Estate Market U.S. Economy Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Brian Honealast_img read more

Freddie Mac Kicks Off 2016 With Largest Ever Delinquent Loan Auction

first_img Demand Propels Home Prices Upward 2 days ago Subscribe Share Save Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago As Fannie Mae did earlier in January, Freddie Mac kicked off 2016 in a big way with residential non-performing loan (NPL) sales. On Friday, Freddie Mac announced its largest bulk NPL transaction yet—an auction of residential NPLs serviced by Nationstar Mortgage totaling $1.6 billion in unpaid principal balance (UPB).The NPLs are being offered in seven pools—five Standard Pool Offerings (SPOs), which are geographically diversified, and two Extended Timeline Pool Offerings (EXPOs), which are geographically concentrated. EXPOs. While SPOs often include larger pools of loans, the loans featured in EXPOs include smaller pool sizes and a longer marketing period, and target participation from smaller investors, including non-profits and minority- and women-owned businesses (MWOBs). Bids are due on February 23 for the SPOs and March 8 for the EXPOs, and the sales are expected to settle in the second quarter of 2016.Freddie Mac’s last bulk NPL sale was completed in December when about 5,300 deeply delinquent loans serviced by Wells Fargo with an aggregate UPB of $1.1 billion were sold via auction in five SPOs. Pretium Mortgage was the winning bidder in three of the pools and 21st Mortgage Corporation and Rushmore Loan Management were the winners of the other two pools.Both GSEs have made a substantial push in the last year to follow the directive of their conservator, the Federal Housing Finance Agency, to excise NPLs and deeply delinquent loans from their residential mortgage portfolios. On January 12, Fannie Mae announced its first bulk NPL sale of 2016 and fourth overall. Like the Freddie Mac NPL auction announced on Friday, Fannie Mae’s first NPL sale of 2016 will be its biggest yet in terms of UPB, featuring 6,700 deeply delinquent loans in five pools totaling $1.35 billion in UPB. That sale includes four larger pools and a smaller Community Impact Pool targeting smaller investors, similar to Freddie Mac’s EXPOs.The transaction announced on Friday is Freddie Mac’s third bulk NPL sale worth more than $1 billion. The previous two were worth $1.1 billion each. Overall, it will be Freddie Mac’s ninth bulk Standard Pool Offering (SPO) auction since the first sale closed in August 2014 and the two EXPOs will be the second and third sold. Freddie Mac’s first-ever EXPO sold in June via auction to Corona Asset Management, and included 157 deeply delinquent loans with an aggregate UPB of about $31 million.All bidders must comply with the Federal Housing Finance Agency (FHFA)’s enhanced requirements for NPL sales announced on March 2, which include approval by and good standing with government housing agencies (Freddie Mac, Fannie Mae, Ginnie Mae, and the Federal Housing Administration); evaluating borrowers for eligibility in the government’s Home Affordable Modification Program (HAMP); and applying a “waterfall” of resolution tactics before resorting to foreclosure.For more information about Freddie Mac’s NPL sales, click here. Servicers Navigate the Post-Pandemic World 2 days ago Freddie Mac Kicks Off 2016 With Largest Ever Delinquent Loan Auction Tagged with: Deeply Delinquent Loans Freddie Mac Loss Mitigation Non-Performing Loans Related Articles  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago 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. center_img Deeply Delinquent Loans Freddie Mac Loss Mitigation Non-Performing Loans 2016-01-22 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Freddie Mac Kicks Off 2016 With Largest Ever Delinquent Loan Auction in Daily Dose, Featured, Loss Mitigation, News Sign up for DS News Daily January 22, 2016 2,013 Views The Best Markets For Residential Property Investors 2 days ago Previous: Ask the Economist: What Will be the Biggest Obstacles to Homeownership This Year? Next: SunTrust’s Mortgage Servicing Income Surges Amid Positive Earnings Report Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brian Honealast_img read more

Single-Family Rental Market Stabilizes

first_img Tagged with: CoreLogic Prices Rental Sales May 21, 2019 1,913 Views 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, Investment, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily About Author: Seth Welborn Share Save  Print This Post CoreLogic Prices Rental Sales 2019-05-21 Seth Welborn The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Single-Family Rental Market Stabilizescenter_img Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: A Look at the Housing Market’s Potential Next: A Data-Driven Approach to Neighborhood Stabilization The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago According to the latest data from CoreLogic’s Single-Family Rental Index, single-family rents increased 2.9% year-over-year in March 2019, up from a 2.7% increase in March 2018. CoreLogic reports that the steady rent growth that began in 2010 has begun to stabilize, fluctuating between 2.7% and 3.1% for the past 12 months. March’s growth was propped up mainly by low-end rentals, defined as properties with rents 75% or less of a region’s median rent. Rents on lower-priced rental homes increased 3.5% year-over-year and rents for higher-priced homes, defined as properties with rents more than 125% of the regional median rent, increased 2.4% year-over-year.CoreLogic notes that, by metro area, Phoenix had the highest year-over-year rent growth this March, with an increase of 7.4%. It was followed by Las Vegas (6.9%) and Tucson, Arizona (6.3%). Meanwhile, Miami had the lowest rent growth in March, increasing by just 0.4% from the prior year, and Houston and Miami had the largest deceleration in rent growth in March. Data from the National Association of Homebuilders (NAHB) and the Census Bureau revealed that new single-family rent construction slipped in March. The Census Bureau’s Quarterly Starts and Completions by Purpose and Design report indicates that there were 5,000 single-family built-for-rent starts for Q1 2019, below the 6,000 estimated for the start of 2018. Over the last four quarters, 42,000 such homes began construction.The NAHB notes that these quarter-to-quarter fluctuations were not statistically significant. The current four-quarter moving average of market share (4.8%) remains higher than the recent historical average of 2.7% (1992-2012) but is down from the 5.8% reading registered at the start of 2013.The market for single-family rental (SFR) securitizations, meanwhile, continued to grow month-over-month in March. During that month, it increased to 4.7% from 4.2%, according to a recent Morningstar Credit Ratings report. Home / Daily Dose / Single-Family Rental Market Stabilizes Related Articleslast_img read more

Delinquencies Recover from Spike

first_imgHome / Daily Dose / Delinquencies Recover from Spike Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Delinquency Foreclosure Mortgage Rates August 22, 2019 1,162 Views  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Prepayment activity hit its highest levels since 2016 while delinquencies recovered from their June spike, according to the First Look at July 2019 mortgage data from Black Knight. Prepayment activity jumped 26% from June to its highest level in nearly three years and 58% above this time last year as falling interest rates continue to fuel refinance incentive.According to the First Look, the national delinquency rate dropped by 7%, offsetting the bulk of June’s 11% spike. At 3.46% of the active mortgage universe, delinquencies are just above the record low reached back in May. It’s also the lowest for any July on record going back to 2000. Both serious delinquencies and active foreclosure inventory fell as well. Black Knight states that serious delinquencies continued to improve, as these loans, 90 or more days past due but not in active foreclosure, dropped by 11,000 in June. Active foreclosures fell by 1,000. Despite July’s decline, mortgage debt and delinquencies make up a large portion of household debt. According to the Federal Reserve Bank of New York, severely derogatory balances are now half of all delinquencies.“Although the housing crisis produced a huge increase in severely derogatory mortgages, that effect has dissipated as the foreclosure pipeline has cleared out in even the slowest states,” the Fed states. “Today, auto and especially student loan balances are the interesting components: in the second quarter of this year, the outstanding severely derogatory balance is comprised of 35 percent defaulted student loans, which have grown stunningly since 2012.”According to the latest Quarterly Report on Household Debt and Credit from the Federal Reserve Bank of New York, total household debt increased by $192 billion (1.4%) to $13.86 trillion in the second quarter of 2019. This is the 20th consecutive quarter with an increase the Fed’s Center for Microeconomic Data notes. Related Articles Share Save 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: Ask the Economist: Millennial Demand and Affordability Issues Next: Homeowners Unprepared for Storm Risks Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Foreclosure, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Delinquencies Recover from Spike Delinquency Foreclosure Mortgage Rates 2019-08-22 Seth Welborn Subscribelast_img read more

The Industry Pulse: New Hires Across the Industry

first_img Previous: Wells Fargo Names New Chief Economist Next: 30% of Americans Missed June Housing Payments  Print This Post The Industry Pulse: New Hires Across the Industry Sign up for DS News Daily June 9, 2020 895 Views Servicers Navigate the Post-Pandemic World 2 days ago industry pulse 2020-06-09 Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Wells Fargo Corporate & Investment Banking (CIB), a division of Wells Fargo & Company has announced Jay Bryson has been named Chief Economist for its division, effective immediately.“Under Jay’s leadership, our economics group has made a significant impact across the enterprise and to clients by offering insightful analysis and invaluable information,” said Walter Dolhare, head of Markets for Wells Fargo Corporate and Investment Banking and President of Wells Fargo Securities, LLC. “Jay is an exceptional economist and a highly talented leader, and I am confident our economics group will continue to develop pioneering analysis that is critical to our clients under his strong leadership.”In this role, Bryson leads the economists and analysts who form the Wells Fargo CIB Economics Group. He and his team provide analysis on economic and financial developments in the U.S. and major foreign economies that can assist clients in their business decisions. The group also makes forecasts of major macroeconomic variables in these economies. Bryson and the other economists on the team are frequently featured as public speakers and widely quoted in the media. Bryson reports to Dolhare._____Richard LombardiBlack Knight, Inc. announced that industry veterans Richard Lombardi and Kevin Hughes have joined the company’s Data & Analytics organization. Lombardi will serve as senior vice president for Data Strategy & Innovation, and Hughes will be senior vice president of Sales and Business Development for Black Knight’s Multiple Listing Services (MLS) technology business. Each industry veteran brings decades of knowledge to the Black Knight team.Kevin Hughes“This gives Black Knight a tremendous opportunity to benefit from the talent and in-depth industry knowledge that Richard and Kevin bring to the team,” said Ben Graboske, president of Black Knight Data & Analytics. “They are both consummate professionals with deep experience who bring great skill and insight to our organization, and will fit in well with Black Knight’s spirit of innovation and acting with urgency to support clients’ needs.”Prior to joining Black Knight, Lombardi served as chief operating officer of ATTOM Data Solutions, responsible for oversight of operations, sales, customer success and contracts. Before that, he was vice president of Data Solutions and Licensing at CoreLogic, responsible for overall sales strategy and field engagement within the National Licensing division._____McCalla Raymer Leibert Pierce, LLC is has announced that Elizabeth DeSilva has officially joined the firm, effective May 18. DeSilva will be based in the firm’s Dallas, TX office.DeSilva has been practicing law for 25 years. During that time she has established herself as a respected leader in the mortgage servicing industry. Her resume includes previous stints as being counsel for AllyGMAC Financial, Ocwen Financial Corporation and most recently as VP, Chief Servicing Counsel for Ditech Financial, LLC. DeSilva has become a key speaker and valued mortgage industry proponent for servicing, service providers, and borrowers in her career.DeSilva said, “I am very excited to be joining the MRLP team. I am looking forward to beginning the next chapter of my career by partnering with my new colleagues in helping out clients in innovative ways to achieve our common goals.” About Author: Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles in Daily Dose, Featured, News Tagged with: industry pulse Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / The Industry Pulse: New Hires Across the Industry The Best Markets For Residential Property Investors 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. Subscribelast_img read more

Unemployment Reports Weekly Decline

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Unemployment Reports Weekly Decline Share Save Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn Employment HOUSING 2020-06-11 Seth Welborn The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Employment HOUSING Governmental Measures Target Expanded Access to Affordable Housing 2 days ago In the week ending June 6, the advance figure for seasonally adjusted initial claims was 1,542,000, a decrease of 355,000 from the previous week’s revised level, according to the Department of Labor. The previous week’s level was revised up by 20,000 from 1,877,000 to 1,897,000. The 4-week moving average was 2,002,000, a decrease of 286,250 from the previous week’s revised average. The previous week’s average was revised up by 4,250 from 2,284,000 to 2,288,250.The U.S. economy also added 2.5 million jobs in May and the unemployment rate declined to 13.3% from the prior report’s 14.7%, according to the Bureau of Labor Statistics. The unemployment rates decline in May for adult men to 11.6%, adult women (13.9%), Whites (12.4%), African Americans (16.8%), and Hispanics (17.6%).Construction employment rose by 464,000 in May—gaining back almost half of April’s decline (-995,000). Much of this gain was attributed to specialty trade contractors, with the increase split between the residential and nonresidential components.Realtor.com’s Chief Economist Danielle Hale said the share of works who expect to return to work within six months remains higher than normal, but “that’s one of the few bright spots in an otherwise dismal report.”“Even workers expecting only a short disruption in income likely cut back on spending and dipped into savings to make ends meet. Unemployment benefits, which are currently more generous than usual, will help, but major purchases such as cars and homes may be delayed for some buyers until they feel like the jobs market is back to normal,” Hale said. “The longer the disruption in the labor market, the longer consumers may have to wait on making major purchases such as cars and homes.”For the week ending May 23, the states and territories with the highest insured unemployment rates were Maine (26.9%), Nevada (24.3%), Michigan (21.7%), Hawaii (20.1%), and Puerto Rico (19.0%). The national figure for the corresponding week was 14.6%. The insured unemployment rate represents the fraction of the unemployment insurance-eligible workforce currently receiving benefits. For the week ending May 30, Florida and Oregon showed the largest increases in continued claims, rising 306,000 and 201,000, respectively, from the prior week, while Pennsylvania and Texas had the largest declines, falling 166,00 and 160,000, respectively, from the prior week. (All state-level data for the week ending May 30 should be considered preliminary estimates due to the way these data are collected)”As with the prior weeks, a few caveats make this week’s data difficult to interpret precisely,” said Fannie Mae Chief Economist Doug Duncan. “On one hand, unemployment insurance eligibility rules have been relaxed recently, increasing the number of people who are able to apply. This makes it difficult to estimate the uninsured unemployed share of the workforce. On the other hand, many states reported a significant backlog of unemployment insurance applications due to a lack of processing capacity, indicating that this week’s release may understate the true extent of insured layoffs.” Previous: Redlining Results in 52% Less Home Value for Homeowners Next: Forbearances Decrease for Second Consecutive Week in Daily Dose, Featured, Market Studies, News June 11, 2020 1,131 Views center_img Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Unemployment Reports Weekly Decline Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 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. Subscribelast_img read more

CFPB Receives Record Numbers of Complaints During Pandemic

first_img  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago CFPB Congress Kathleen Kraninger 2020-07-30 David Wharton Related Articles Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Krista F. Brock Previous: COVID-19 Placing Spotlight on Affordability Challenges, Zoning Next: CWCOT Webinar: Insights Into Critical Changes The Consumer Financial Protection Bureau has received a record number of consumer complaints during the COVID-19 pandemic, according to Director Kathleen Kraninger. During a House Financial Services Committee hearing Thursday, she reported that the Bureau has fielded more than 14,000 complaints over the past few months that were specifically related to the coronavirus.During the hearing, Director Kraninger received a mix of praise and criticism for the Bureau’s actions during the pandemic.Chairwoman Maxine Waters said the CFPB “has done next to nothing” about the record number of complaints, which included those regarding wait times, inconsistent information, and lack of follow-up from financial institutions.Waters alleged that Kraninger has worked toward relaxing enforcement, undermining qualified mortgage standards, and weakening the reporting requirements for the Home Mortgage Disclosure Act (HMDA).However, Rep. Patrick McHenry countered that the Bureau “has worked diligently to provide resources, guidance, and protection for consumers most at risk during these unsettling times.”He stated that the Bureau has encouraged financial institutions to work with borrowers at risk during the pandemic and has clarified mortgage servicers’ role and responsibility in the forbearance plans created under the CARES Act.The CFPB, along with other federal entities, launched a mortgage and housing assistance website in April to inform people about how to protect their finances during the pandemic. The CFPB has created more than 70 blogs and videos to inform consumers about their rights and available assistance during the pandemic. More than 3 million users have viewed these resources, according to Kraninger.Additionally, Kraninger said the Bureau is currently reviewing hundreds of financial institutions to ensure they are following the CARES Act as well as other financial regulations, and that they are working with consumers during this financial crisis.In addition to its COVID-19 response, over the past few months the CFPB has issued advanced notices of proposed rulemaking regarding the HMDA, the Ability-to-Repay, and the Qualified Mortgage Rules, Kraninger noted. The Bureau has also proposed changes to the higher-priced mortgage loan escrow exemption and is working on an assessment of the Truth in Lending Act and Real Estate Settlement Procedures Act (TRID).For example, the CFPB is accepting input on whether to extend the GSE patch, which allows mortgages that are eligible for GSE purchase to count as Qualified Mortgages. The GSE Patch is set to expire in January.Kraninger’s testimony comes about a month after the Supreme Court ruled the CFPB’s structure unconstitutional, following an ongoing debate since the bureau’s inception, that the director is given too much power.Kraninger said she agrees with the outcome and stated during the hearing Thursday that, while the decision for a new structure is in the hands of Congress, she is ready to comply. Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Sign up for DS News Daily July 30, 2020 1,082 Views The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe CFPB Receives Record Numbers of Complaints During Pandemic Tagged with: CFPB Congress Kathleen Kraninger Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Government, Journal, News Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Home / Daily Dose / CFPB Receives Record Numbers of Complaints During Pandemiclast_img read more

Legacy of FF led government is neglect of child welfare – Cllr Harte

first_img By News Highland – December 23, 2010 Pinterest Facebook Facebook Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApp RELATED ARTICLESMORE FROM AUTHOR Letterkenny Cllr Jimmy Harte says one of the legacies of the Fianna Fail-led Government will be its disgraceful neglect of child welfare, and its failure to tackle the child poverty issue.A report published this week by the Department of Health says over 1,100 children are in need of social housing in Donegal, and the number of children experiencing consistent poverty increased last year for the first time since 2006.Cllr Harte says at the core of the problem is a lack of investment in education, and that’s an area which Labour will prioritise if it is involved in the next government:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/12/jhart1pm3.mp3[/podcast] News Legacy of FF led government is neglect of child welfare – Cllr Harte Guidelines for reopening of hospitality sector published center_img Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Google+ Previous articleTerrorism charge against Gary Donnelly droppedNext articleBuncrana Town Council passes budget for 2011 News Highland Twitter Pinterest Three factors driving Donegal housing market – Robinson WhatsApp Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Calls for maternity restrictions to be lifted at LUH last_img read more

Traffic chaos in Derry as security alert closes bottom deck of Craigavon Bridge

first_img Previous articleVaradker denies A5 is being mothballed, but admits funding timetable will be changedNext articleCo-operation Ireland says it’s an honour that President elects first visit is to Derry News Highland Newsx Adverts LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Traffic chaos in Derry as security alert closes bottom deck of Craigavon Bridge Google+ By News Highland – November 9, 2011 Facebook Twitter Twitter Google+ A security alert is underway in the Foyle Road area of Derry, with the bottom deck of the Craigavon Bridge closed for a time after a suspicious object was found this afternoon.A number of businesses and homes were evacuated as a result.Diversions were in place due to road closures, some of those have now been lifted. The bridge has now reopened.SDLP Foyle MLA Colum Eastwood has condemned the disruption, saying the lives of Derry people were once again interrupted by those whose only interest is in promoting chaos…………[podcast]http://www.highlandradio.com/wp-content/uploads/2011/11/ceast7.mp3[/podcast]center_img Calls for maternity restrictions to be lifted at LUH Three factors driving Donegal housing market – Robinson WhatsApp RELATED ARTICLESMORE FROM AUTHOR Guidelines for reopening of hospitality sector published Pinterest Facebook Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

People should not be forced to pay for undrinkable water – Doherty

first_img Facebook People should not be forced to pay for undrinkable water – Doherty Nine Til Noon Show – Listen back to Wednesday’s Programme Pinterest Facebook Google+ By News Highland – September 17, 2014 WhatsApp Previous articleCreative ways must be found to fund Magee expansion – Mc LaughlinNext articleCastlederg Councillor concerned at permission for weekend band parade News Highland RELATED ARTICLESMORE FROM AUTHOR Homepage BannerNews A Donegal County Councillor has said that people should not be forced to pay for water that is not suitable to drink.Cllr Gary Doherty says he has been contacted by dozens of people in the Finn Valley area complaining about their water quality.He says that Donegal County Council had identified that pipes in the Finn Valley area are antiquated and not fit for purpose and need urgent work, but that’s now up in the air with Irish waterWater metres are set to be installed in the Ballybofey area over the next few days, but Cllr Doherty wouldn’t go as far as to say that people should stop Irish Water engineers….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/09/gdocirishwater.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.center_img WhatsApp Twitter Guidelines for reopening of hospitality sector published GAA decision not sitting well with Donegal – Mick McGrath Twitter LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Google+ Calls for maternity restrictions to be lifted at LUH Three factors driving Donegal housing market – Robinson Pinterestlast_img read more