FHFA Reports Mortgage Rates Decreased

first_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago FHFA Reports Mortgage Rates Decreased Demand Propels Home Prices Upward 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Share Save Home / Daily Dose / FHFA Reports Mortgage Rates Decreased Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Government, Headlines, Newscenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Foreclosure Sales to Play ‘Diminishing Role’ in 2014 Next: DS News Webcast: Tuesday 4/1/2014 Contract mortgage interest rates decreased slightly from January to February, according to data from the Federal Housing Finance Agency (FHFA).The agency reported late March that the national average contract rate for the purchase of previously occupied homes was 4.30 percent for loans closed in late February, a decline of 0.07 percent.The interest rate survey also showed the average rate on a conventional, 30-year fixed-rate mortgage was 4.45 percent, a drop of 22 basis points from January.The decline in the 30-year rate stands in contrast to Freddie Mac’s weekly Primary Mortgage Market Survey, which shows rates starting the month at an average 4.23 percent and rising steadily over the weeks to finish at 4.37 percent.The effective interest rate was down 14 basis points, averaging 4.38 percent for the month. The effective rate accounts for the addition of initial fees and charges over the life of the mortgage.Overall, the contract rate on the composite of all mortgage loans was 4.22 percent, also down 14 basis points from 4.36 percent to start the year.As interest rates are typically locked in 30-45 days before a loan closes, February’s data reflects market rates from mid- to late January.Meanwhile, the average loan amount for all loans was down $8,700 to an average $275,700, FHFA reported. March 31, 2014 708 Views FHFA Fixed-Rate Mortgage Freddie Mac Mortgage Rates 2014-03-31 Tory Barringer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: FHFA Fixed-Rate Mortgage Freddie Mac Mortgage Rates  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more

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Zombie Homes: Why Won’t They Die Out?

first_imgHome / Daily Dose / Zombie Homes: Why Won’t They Die Out?  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Foreclosure, News, REO Servicers Navigate the Post-Pandemic World 2 days ago Share 1Save Demand Propels Home Prices Upward 2 days ago June 25, 2018 2,105 Views About Author: David Wharton Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Zombie Homes: Why Won’t They Die Out?center_img Related Articles Marketplace Video Spotlight Webinar zombie homes 2018-06-25 David Wharton Servicers Navigate the Post-Pandemic World 2 days ago Previous: Housing Optimism Steady, But Trouble on the Horizon Next: How Much of Household Debt Is Mortgage Based? Tagged with: Marketplace Video Spotlight Webinar zombie homes Data Provider Black Knight to Acquire Top of Mind 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago While the number of so-called “zombie homes” has dropped precipitously since the heights of the housing crisis and its aftermath, these undead properties still haunt many markets, stuck in a sort of foreclosure limbo. To learn more about zombie homes—how many are still out there, where they’re located, and why they’re so stubbornly hard to kill—check out a short video from Marketplace below.If you want to dive deeper down the rabbit hole when it comes to zombie homes, and the challenges they present for servicers, financial services law firms, and field services companies, we’ve got your back. A full recording of last week’s DS News webinar, “Zombie Homes—Challenges and Guidance,” is now available by clicking here. You can also download the PowerPoint slides from the webinar by clicking here. Sign up for DS News Daily Subscribelast_img read more

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Rising Waters, Rising Delinquencies

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. Subscribe Delinquency flooding Foreclosure loans 2019-08-13 Seth Welborn in Daily Dose, Featured, Foreclosure, Market Studies, News August 13, 2019 1,431 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Rising Waters, Rising Delinquencies Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Seth Welborn Related Articles Tagged with: Delinquency flooding Foreclosure loans Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Previous: Innovation Center Launched by Title Company Next: New York Fed Gives Unfavorable Review of Housing Sector Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Delinquency rates declined by 0.6% year-over-year in May 2019, according to the latest CoreLogic Loan Performance Insights report. 3.6% of mortgages were delinquent by at least 30 days or more including those in foreclosure, compared to 4.2% in May 2018. CoreLogic notes that the overall delinquency rate has fallen on a year-over-year basis for the past 17 consecutive months. “Growth in family income and home prices continues to support low delinquency rates,” said Frank Nothaft, Chief Economist for CoreLogic. “Communities that experienced a rise in delinquencies are generally those that also suffered from natural disasters. Last year’s hurricanes and wildfires, and this spring’s severe flooding from heavy rainstorms and snowmelt have pushed delinquency rates higher in these impacted communities.”Transition rates, or the percent of mortgages moving from one stage of delinquency to the next, remained relatively unchanged in May 2019 compared to May 2018. The current-to-30-day transition rate was 0.8%.Natural disasters proved to be a significant factor in delinquency rates for some parts of the country. According to CoreLogic’s report, 20 of the country’s metropolitan areas posted at least a small annual increase in overall delinquency, notably in areas impacted by flooding this spring in Kentucky, Ohio, Illinois and Indiana.”While the rest of the country experienced record-low mortgage delinquency rates again in May, the Midwest and parts of the Southeast are still experiencing higher rates as they recover from extreme weather,” said Frank Martell, President and CEO of CoreLogic. “Areas in Kentucky and Ohio, which were hit particularly hard this spring with historic flooding, experienced some of the largest annual gains in the country.”By Core Based Statistical Area (CBSA), there were 11 metropolitan areas where the Serious Delinquency Rate increased, and 25 metropolitan areas where the Serious Delinquency Rate remained the same. All the remaining metropolitan areas saw the Serious Delinquency Rate decrease.  Print This Post Home / Daily Dose / Rising Waters, Rising Delinquencieslast_img read more

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Inability to Pay Mortgage Among Top Consumer Complaints

first_img June 22, 2020 1,564 Views A report by NerdWallet found complaints to the Consumer Financial Protection Bureau (CFPB) were up 31% so far in 2020 compared to last year.The top complaint fielded by the CFPB directly tied to COVID-19 was consumers not being able to pay their mortgages at 16%.Additionally, 26% of complaints to the CFPB had “mortgage” labeled as the primary financial product.“In reading through those labeled as mortgage complaints, we found many consumers frustrated with the lack of relief provided by mortgage forbearance offers,” the report added. “Namely, the consumers were unhappy that lenders required full repayments of delayed installments—known as a balloon payment—at the conclusion of the forbearance period.”Complaints related to job loss were up 34% when compared to last year. The CFPB received 142,782 complaints from Jan. 1, 2020, to the end of May—a 31% annual increase.The latest data from Black Knight revealed the number of mortgages in COVID-19-related forbearance fell for the third consecutive week. Overall, the number of active forbearance plans is down 57,000 from last week and 158,000 from the peak the week of May 22.At these levels, mortgage servicers need to advance a combined $3.4 billion a month to holders of government-backed mortgage securities on COVID-19-related forbearances. That’s on top of the $1.4 billion in T&I payments they must make on behalf of borrowers.Black Knight also reported that an additional 723,000 homeowners became delinquent on their mortgages in May, causing the national average to rise to its highest level in 8.5 years.There are now 4.3 million homeowners past due on their mortgages or in active foreclosure, including those in forbearance who have missed scheduled payments as part of their plans, up from 2 million at the end of March.Serious delinquencies are on the rise as well, increasing by more than 50% over the past two months. However, Black Knight’s McDash Flash Payment Tracker shows a higher share of payments have been made thus far in June than at the same time in May, suggesting the rise in delinquencies may be leveling off. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago About Author: Mike Albanese The Best Markets For Residential Property Investors 2 days ago  Print This Post Previous: U.S. Households Report Overall High Economic Well-Being Next: The Democratization of Distressed Property Buyers in Daily Dose, Featured, Government, News 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. Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: CFPB COVID-19 Mortgages Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Inability to Pay Mortgage Among Top Consumer Complaints CFPB COVID-19 Mortgages 2020-06-22 Mike Albanese Inability to Pay Mortgage Among Top Consumer Complaints Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Savelast_img read more

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Man arrested by gardai as part of Andrew Allen murder investigation

first_img Facebook Pinterest By News Highland – April 22, 2012 WhatsApp Twitter NPHET ‘positive’ on easing restrictions – Donnelly RELATED ARTICLESMORE FROM AUTHOR WhatsApp Man arrested by gardai as part of Andrew Allen murder investigation Pinterest Calls for maternity restrictions to be lifted at LUH Twittercenter_img A man has been arrested as part of the ongoing investigation into the murder of Andrew Allen outside Buncrana in February.The man, in his thirties, was arrested in County Donegal this morning, and is being held at Buncrana Garda Station under Section 30 of the Offences Against the State Act, 1939.Earlier this month, a man in his fifties, originally from thje North, was arrested and held in Buncrana Garda Station before being released without charge.Andrew Allen, who was 24 and originally from the Top of the Hill in Derry’s Waterside was shot dead at his home at Links View Park, Lisfannon on the 9th of February.Two weeks after the killing, the dissident group “Republican Action Against Drugs” claimed its “Donegal unit” carried out the murder, and making a numbner of allegations against Mr Allen which have been denied by his family.The group also claimed he had been warned five to six months earlier, and issued threats against six other unnamed individuals. Guidelines for reopening of hospitality sector published Newsx Adverts Help sought in search for missing 27 year old in Letterkenny Google+ Three factors driving Donegal housing market – Robinson 448 new cases of Covid 19 reported today Facebook Google+ Previous articleSome homes will have ‘flat’ water rate imposedNext articleMan remains in garda custody in Donegal News Highland last_img read more

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Letterkenny schools asked to stagger opening times to ease traffic

first_img Google+ Schools in the centre of Letterkenny are being asked to consider staggering their opening and closing times to ease traffic congestion.The issue was raised by Cllr Gerry Mc Monagle, who says there are over 2,000 pupils attending the four schools clustered around the cathedral area, and there are very dangerous conditions in the area as a result.The council is to contact the schools, as well as look at other traffic management issues.Cllr Mc Monagle acknowledges that the idea would pose difficulties, not least with buses and families with children in more than one school.However, he says there is a very serious problem, and everyone has a responsibility to address it:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/09/gmsco830Skool.mp3[/podcast] Twitter Guidelines for reopening of hospitality sector published Twitter Facebook Pinterest By News Highland – September 13, 2012 WhatsApp Previous articleA5 road project to dominate Oireachtas Committee meetingNext articleEmergency Department takes up new home at Letterkenny General News Highland Google+ Calls for maternity restrictions to be lifted at LUH center_img News RELATED ARTICLESMORE FROM AUTHOR Three factors driving Donegal housing market – Robinson Pinterest 448 new cases of Covid 19 reported today Help sought in search for missing 27 year old in Letterkenny NPHET ‘positive’ on easing restrictions – Donnelly Facebook WhatsApp Letterkenny schools asked to stagger opening times to ease trafficlast_img read more

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Report shows Kerry has lowest crime rate

first_img WhatsApp Google+ Calls for maternity restrictions to be lifted at LUH LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton 1-in-18 people were a victim of crime last year.That is despite an average drop in crime rates throughout Ireland since the beginning of the recession.The findings are part of a report published by the Irish Examiner. It also found that Dublin has the highest rate of crime in the country followed by Limerick, while Kerry is one of the safest places to live.Sean McCarthaigh from the Irish Examiner says the figures also threw up some interesting findings.”Burglaries – there’s a much higher rate running down the eastern seaboard running down; Louth surprisingly has the highest rate, but after that you’re talking Dublin, Wicklow, Kildare, Meath, Wexford” he said.”What gardai have suggested in the past – that crime gangs (are) using the road network to go out into neighbouring counties to carry out burglaries”.”And the other thing that struck us with the Garda staffing levels is that in the whole south-east area, they have quite (a) low level of gardai” he added. Facebook Report shows Kerry has lowest crime rate WhatsApp NPHET ‘positive’ on easing restrictions – Donnelly Almost 10,000 appointments cancelled in Saolta Hospital Group this week Guidelines for reopening of hospitality sector published Google+center_img Three factors driving Donegal housing market – Robinson By News Highland – June 13, 2013 Previous articleBayview Hotel Killybegs goes to auction with a 400k reserveNext articleReilly: I have grave concerns over HSE Savita report News Highland RELATED ARTICLESMORE FROM AUTHOR Twitter Twitter Pinterest Facebook Pinterest Newslast_img read more

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Villiers rules out Stormont suspension as most DUP ministers resign

first_imgHomepage BannerNews Twitter WhatsApp Google+ WhatsApp By admin – September 11, 2015 Pinterest Calls for maternity restrictions to be lifted at LUH RELATED ARTICLESMORE FROM AUTHOR Three factors driving Donegal housing market – Robinson Facebook GAA decision not sitting well with Donegal – Mick McGrath center_img Pinterest Facebook Nine Til Noon Show – Listen back to Wednesday’s Programme Google+ There’s uncertainty over the future of the Assembly and Executive at Stormont.All but one of the DUP’s ministers quit yesterday after their calls for Stormont to be suspended while cross-party talks take place were rejected.The only DUP minister still in place is Arlene Foster, who holds the Finance Portfolio and has been named acting First Minister.The DUP took action following a police assessment that IRA members may have been involved in the murder of Kevin McGuigan in Belfast last month.Peter Robinson, who stood down as first minister says the suspension of the institutions is necessary…….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/09/robbo7.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.The Northern Ireland Secretary says she will NOT suspend the assembly.Speaking after the DUP resignations last night, Theresa Villiers said the solution to the current crisis will only be found at the talks table………………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/09/vills7.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Villiers rules out Stormont suspension as most DUP ministers resign Previous articleHighland’s Farming News – Thursday 10th SeptemberNext articleUlster make two changes for Scarlets admin Twitter Guidelines for reopening of hospitality sector published LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamiltonlast_img read more

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Mayor wants Youth Councillors to return to council chamber

first_img Google+ Mayor wants Youth Councillors to return to council chamber Pinterest Google+ Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitter By News Highland – March 21, 2012 WhatsApp Previous articlePádraig Mac Lochlainn urges government to fix fiscal referendum dateNext articleTrouble after Derry – Linfield clash News Highland The Mayor of Donegal wants a closer working relationship between Donegal County Council and the Youth Council.Councillor Noel McBride has again expressed his regret at the scenes witnessed by youth councillors during a recent visit to the council chamber.They were present at the Febuary monthly meeting that decended into chaos when councillor began arguing with accusation of threats being made – the meeting was eventually adjourned.Councillor McBride says that while it may not happen during the remainder of his term as Mayor, it is important that youth councillors return to see that council meetings can be more productive……..[podcast]http://www.highlandradio.com/wp-content/uploads/2012/03/noel830.mp3[/podcast] Guidelines for reopening of hospitality sector published center_img Pinterest WhatsApp Three factors driving Donegal housing market – Robinson RELATED ARTICLESMORE FROM AUTHOR Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Facebook Calls for maternity restrictions to be lifted at LUH LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Newsx Adverts Facebooklast_img read more

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Outrage as staff shortage leaves mom driving sick child to hosipital

first_img Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitter Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey News Pinterest Facebook Google+ Guidelines for reopening of hospitality sector published Previous articleFour issued with Public Order offences after Strabane disturbanceNext articleCalls for person accusing Councillors over expenses to provide their name News Highland Twitter Calls for maternity restrictions to be lifted at LUH center_img Sinn Fein is expressing outrage at an incident in Donegal last week during which a mother had to drive her unconcsious daughter to hospital while a paramedic worked on her in the back of the family car.An ambulance was called out by the mother – but it was only staffed by one paramedic because another had phoned in sick.He was then unable to drive the ambulance and treat the child at the same time – and a backup ambulance was 45 minutes away.The child has recovered after receiving the necessary hospital treatment.But Sinn Fein’s Pearse Doherty says the paramedic was unable to do his job because of cutbacks:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/11/13pearAMBULANCE.mp3[/podcast] WhatsApp Pinterest Facebook WhatsApp RELATED ARTICLESMORE FROM AUTHOR LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton By News Highland – November 26, 2012 Outrage as staff shortage leaves mom driving sick child to hosipital Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

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