Debate Over ‘Too Big to Fail’ Continues Into the New Year

first_img Tagged with: Banks Dodd-Frank Too Big to Fail  Print This Post Debate Over ‘Too Big to Fail’ Continues Into the New Year Banks Dodd-Frank Too Big to Fail 2016-01-18 Brian Honea The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago January 18, 2016 1,150 Views The Best Markets For Residential Property Investors 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Debate Over ‘Too Big to Fail’ Continues Into the New Year 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. Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News The question as to whether “too big to fail” no longer exists or is being codified by the government continued to be a hot button topic as 2015 wound down, and the debate isn’t slowing as 2016 begins.The Dodd-Frank Wall Street Reform Act of 2010 contained a provision limited the Fed’s ability to engage in emergency lending and lending to programs with “broad based” eligibility, and was billed as the end of “too big to fail.”While Dodd-Frank prohibits the Fed from lending to insolvent entities, however, the Fed issued a final rule in November 2015 that expanded the definition of insolvency to include borrowers who fail to pay undisputed debts as they become due 90 days before borrowing—or borrowers who are determined to be insolvent by the Fed or lending Reserve Bank.Some in the industry were skeptical that the Fed’s final rule issued in November would be effective at ending emergency bailouts of large financial institutions. Among the skeptics was Ed Delgado, President and CEO of the Five Star Institute, who stated, “While the clarification of ‘broad-based lending’ is designed to limit the types of bailouts the industry realized in 2008, at the same time, the Fed expanded the definition of ‘insolvency’ ostensibly, given the circumstance, permitting lending to entities that may actually be insolvent, so I question how much of an impact this new rule will really have?”Too big to fail has been heavily debated in the House Financial Services Committee, most recently in early December when the Committee held a hearing to discuss whether or not the Financial Stability Oversight Council (FSOC) is codifying too big to fail by designating certain financial institutions as “systemically important.”  The FSOC’s criteria for such a designation has also been greatly contested. The FSOC is an agency created by Dodd-Frank that consists mostly of the heads of government regulatory agencies.House Financial Services Committee Chairman Jeb Hensarling stated in late November that “Designation (of an institution as systemically important) anoints institutions as too big to fail, meaning today’s SIFI designations are tomorrow’s taxpayer-funded bailouts.”The topic of whether or not too big to fail still exists will be at the forefront once again on Friday, January 22, when the Hoover Institution and the Bipartisan Policy Center will host an event in Washington, D.C., titled “Ending Too Big to Fail: Reform and Implementation.” The event features remarks by Hoover Institution Senior Fellow John Taylor and the University of Rochester’s President Emeritus Thomas Jackson, and will include a panel of experts discussion the effectiveness of new capital requirements toward preventing short-term liquidity shortage, what changes are necessary to the Bankruptcy Code to limit financial distress, and whether or not proposals by the FDIC ensure that a resolution is certain.The event is a follow-up to the Bipartisan Center’s white paper, Too Big to Fail: The Path to a Solution and coincides with the release of the Hoover Institute’s book, Making Failure Feasible: How Bankruptcy Reform Can End Too Big to Fail.In September 2015, a study by Norbert J. Michel, Research Fellow in Financial Regulations, the Institute for Economic Freedom and Opportunity at the Heritage Foundation, concluded that Dodd-Frank still allows the Fed to engage in the type of emergency lending that the industry saw back in 2008 despite its claims that the controversial law had ended too big to fail.Editor’s note: The Five Star Institute is the parent company of DS News and DSNews.com. Previous: Will Royal Bank of Scotland be the Next to Settle RMBS Fraud Claims? Next: Freddie Mac’s Mortgage Portfolio Experiences Rare Contraction The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea Related Articles Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily last_img read more

Pending Home Sales: National Update

first_img Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] The National Association of Realtors (NAR) recently released an update on its Pending Home Sales Index (PHSI)—reporting the index is 3.5 percent below last year, and is now at its lowest reading since January 2015.According to the report, activity declined annually both nationally and in all major regions.PHSI in the South decreased 2.3 percent to an index of 115.9 in September—now 5 percent below last September, the report noted. However, index in the West increased 1.9 percent in September to 102.7, but is 2.9 percent below last year.Northeast increased 1.2 percent to 94.5 in September, but is still 2.4 percent below a year ago. Similarly in the Midwest the index increased 1.4 percent to 102.9 in September, but remains 2.5 percent lower than September 2016.NAR Chief Economist Lawrence Yun said the search to buy a home this fall continues to be a challenge for potential homeowners.“Demand exceeds supply in most markets, which is keeping price growth high and essentially eliminating any savings buyers would realize from the decline in mortgage rates from earlier this year,” Yun said. “While most of the country, except for the South, did see minor gains in contract signings last month, activity is falling further behind last year’s pace because new listings aren’t keeping up with what’s being sold.”Yun continued to explain that the ongoing supply constraints continue to squeeze prospective buyers the most at the lower end of the market.Last month, first-time buyers were 29 percent of all transactions, which matched the lowest share in exactly two years, according to Yun. Additionally, “existing sales were down notably on an annual basis in the price range below $250,000, but up solidly the higher up the price bracket.”“Buyers looking for a little relief from the stiff competition from over the summer may, unfortunately, be out of luck in the coming months,” Yun said. “Inventory starts to decline heading into the winter, and many would-be buyers from earlier in the year are still on the hunt to find a home.”Source: National Association of Realtors September 2017 Pending Home Sales HOUSING mortgage Pending Home Sales 2017-10-28 Nicole Casperson Data Provider Black Knight to Acquire Top of Mind 2 days ago October 28, 2017 1,450 Views in Daily Dose, Featured, Headlines About Author: Nicole Casperson Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Pending Home Sales: National Update 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 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: HOUSING mortgage Pending Home Sales Share Save Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Pending Home Sales: National Update Previous: RBS Faces 10 Years Without Profits Next: The Week Ahead: Quarterly Results for Freddie Mac Subscribelast_img read more

How Fannie and Freddie Weathered 2017

first_img Related Articles Sign up for DS News Daily How Fannie and Freddie Weathered 2017 The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Fannie Mae FHFA Freddie Mac HOUSING mortgage Fannie Mae FHFA Freddie Mac HOUSING mortgage 2017-11-16 Nicole Casperson Previous: Otting’s Comptroller Nom Puts Dodd-Frank Under Microscope Next: Resiliency is Keeping Housing Outlook Optimistic in Daily Dose, Featured, Headlines, News The Federal Housing Finance Agency (FHFA) released its Performance and Accountability Report—detailing FHFA’s activities as regulator and conservator of the enterprises Fannie Mae and Freddie Mac during fiscal year (FY) 2017.According to FHFA Director Melvin Watt, in FY 2017, the FHFA made notable progress on its three strategic goals:1. Ensuring safe and sound regulated entities, totaling $172 million gross costs.2. Ensuring liquidity, stability, and access to housing finance, totaling $36 million gross costs.3. Managing the enterprises’ ongoing conservatorships, totaling $57 million gross costs.For FY 2017, the enterprises’ ownership of single-family seriously delinquent loans, defined as loans that are more than 90 days overdue—is declining.There are an estimated 265,000 seriously delinquent loans as of September 30, 2017, compared to an approximate 321,000 seriously delinquent loans in FY 2016—representing a decline of 17 percent.Further, the number of homes the enterprises own through foreclosure declined to roughly 38,000 properties at the end ofQ3 2017, a 30 percent decrease compared with about 54,000 properties at the end of Q3 2016.The FHFA notes that the financial condition of the enterprises’ could continue to experience volatility in the future as market conditions change.“These financial instruments, which include derivatives and certain securities, could fluctuate substantially from period to period because of changes in interest rates, the yield curve, mortgage and credit spreads, and implied volatility,” the report noted.Due to the large size of the GSEs’ portfolios, even small changes in home prices and interest rates can have a great impact on their financial performance.For 2017, the capital reserves for each enterprise are $600 million—scheduled to decline to zero by January 1, 2018.The report noted that as the capital reserve amount under the Preferred Stock Purchase Agreement declines to zero, there will be an increase in the prospect of a quarterly loss resulting in a draw against the funding commitment available from the Treasury Department.Further, the enterprises reported reduced income due the increasing volumes of credit risk. Since 2013, when the enterprises’ single-family Credit Risk Transfer programs begun through March 2017, Fannie Mae and Freddie Mac have transferred a portion of credit risk on $1.6 trillion of Unpaid Principal Balance (UPB), with a combined Risk in Force of about $54.2 billion—representing 3.4 percent of UPB.Additionally, $779 billion of UPB and $197 billion of RIF has been transferred to primary mortgage insurers from 2013 through Q2 of FY 2017.As for REO, throughout the year the enterprises have maintained their focus on Neighborhood Stabilization Initiative as a key strategy for responsibly disposing of REO inventory in a manner that supports community stabilization by facilitating the sale of approximately 3,091 REO properties to community stabilization partners in 18 of the hardest hit metropolitan statistical areas.To view the full report, click here. Share Save Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / How Fannie and Freddie Weathered 2017 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 November 16, 2017 2,110 Views About Author: Nicole Casperson Demand Propels Home Prices Upward 2 days ago  Print This Postlast_img read more

Is Homeownership A Deferred Dream?

first_img Is Homeownership A Deferred Dream? Related Articles About Author: Donna Joseph November 29, 2018 1,266 Views 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] Brookings Institute Devaluation Homeownership Median Home Value mortgage 2018-11-29 Donna Joseph Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Previous: Kraninger Nom Advances to Senate Vote Next: Radian Acquires Independent Settlement Services Homeownership is central to the American Dream. However, it is hard for many from minority communities to achieve, according to a report by Brookings Institute, titled “The devaluation of assets in black neighborhoods” that addressed the cost of racial bias. The report found that owner-occupied homes in black neighborhoods are undervalued by $48,000 per home on average, amounting to $156 billion in cumulative losses. It stated that black communities face major impediments to building wealth, commencing and investing in business ventures as well as attaining a proper education, even today.Analyzing the devaluation of black homeownership, the report found that a majority of black neighborhoods hold $609 billion in owner-occupied housing assets comprising approximately 10,000 public schools and over three million businesses. However, homes in neighborhoods with a population 50 percent black people are valued at roughly half the price compared to homes in neighborhoods with no black residents. The analysis is restricted to113 metropolitan areas with at least one majority black neighborhood. Comparing home values in majority black neighborhoods with those where less than 1 percent of residents are black, homes in majority black neighborhoods have greater appreciation values.The analysis notes that neighborhood quality is not the key reason for the devaluation of homes in black neighborhoods. Homes of similar quality in neighborhoods with similar amenities are worth 23 percent less ($48,000 per home on average, amounting to $156 billion in cumulative losses) in majority black neighborhoods, compared to those with very few or no black residents. The metro areas surveyed revealed that 10 percent of neighborhoods are majority black, home to 41 percent of the black population living in metropolitan areas and 37 percent of the U.S. black population. Approximately 5 million non-black Americans live in majority black neighborhoods, the report indicated. This analysis confirmed the findings that there is a significant correlation between the devaluation of homes in black neighborhoods and the upward mobility of black children in metropolitan areas with majority black neighborhoods, from a statistical standpoint.According to the report, the median home value in majority black neighborhoods is $52,578 while the estimated median home value in majority black neighborhoods, in absence of devaluation is $65,704. The dissimilarity index of the report stated that 57 percent of the white population would need to move to a different neighborhood for the white and black population to be distributed evenly.  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Brookings Institute Devaluation Homeownership Median Home Value mortgagecenter_img The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Home / Daily Dose / Is Homeownership A Deferred Dream? Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Homeownership at the Center of How Americans Save

first_img  Print This Post Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Homeownership at the Center of How Americans Save in Daily Dose, Featured, Market Studies, News July 9, 2019 1,569 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Homeownership goals dictate the financial choices made by Americans, according to a new Wells Fargo survey.The survey, titled “How America Views Homeownership” was conducted by The Harris Poll between April 17–29, 2019, among 1,004 U.S. adults 21 and older. It revealed that 49% of Americans who are saving to buy or renovate a home have worked outside their primary job to supplement their income in order to pay this expense.Thirty-seven percent supplemented their income by selling items online, followed by 21% who started a small business, 18% drove for a ridesharing company, and 16% took up chores such as dog sitting/walking to supplement their primary income.Potential homebuyers were also willing to make trade-offs on their preferred locations as well as the size of the home, the survey found. In fact, 78% of those surveyed saying that they were “willing to accept their second choice of a city or town in order to afford their own home.” Nearly three-quarters of nonhomeowners (74%) said they were willing to buy a smaller home with fewer amenities too.Looking at different generations, millennials were willing to make more trade-offs than any other generation. The survey indicated that 85% of millennials were ready to consider the second choice of city. While 70% were willing to take up a second job to save for down payment or renovation, 83% of millennials said that they were willing to cut expenses such as dining out, going for events, and vacations.“Homeownership is part of the fabric of American life, defining communities and providing a base for families to live out their dreams,” said Michael DeVito, Head of Wells Fargo Home Lending. “As today’s consumers set out to achieve their homeownership goals, they are making smart financial decisions that position them—and the communities they call home—for long-term financial success.”The survey also revealed why Americans were willing to make such sacrifices and financial decisions to afford a home. It revealed that 70% of respondents saw owning a home as a sign that someone is a “successful adult.” Furthermore, it found that “homeownership is much more widely equated with being a successful adult (more than twice as much) than having children (34%) or getting married (32%).” The Best Markets For Residential Property Investors 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Previous: The Lingering Impact of Natural Disasters on Delinquency Rates Next: HUD Bets on Tech Innovation for Opportunity Zones About Author: Radhika Ojha Demand Propels Home Prices Upward 2 days ago Down Payment Home Homeownership HOUSING Wells Fargo 2019-07-09 Radhika Ojha The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Homeownership at the Center of How Americans Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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 Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Down Payment Home Homeownership HOUSING Wells Fargo Related Articles Share Save The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Subscribelast_img read more

REITs Aren’t Dead

first_img Previous: Tracking Default Rates Next: The Most Important Item in Your Digital Toolkit  Print This Post Demand Propels Home Prices Upward 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Mortgage Real Estate Investment Trusts (REIT) prices have seen a dramatic decline, opening up a good investment opportunity according to Seeking Alpha. REITs are not dead, as some may suggest.“Book value per share should be down for every mortgage REIT so far in the quarter,” Seeking Alpha says. “The main difference will be the magnitude of the decline. This is where different analysts and investors may come to dramatically different numbers.”Seeking Alpha continues, stating that the current disparity between share prices and estimated book values is historic.“We simply do not witness this kind of discount in any regular market. We have seen mortgage REITs that go bankrupt. We predicted a mortgage REIT bankruptcy a couple of years ago.”As the role of non-bank lenders has shifted in the past few years, regulators are considered allowing further growth for these mortgage institutions and REIT, Wall Street Journal reports.“It’s time to make the system reflect the market that it serves,” said Pete Mills, SVP of residential policy at the Mortgage Bankers Association on WSJ.While some have questioned if nonbanks like REITs should have access to taxpayer-subsidized funding, according to John von Seggern, President of the Council of Federal Home Loan Banks, having big clients gives the system the financial clout it needs to support smaller banks.“We have access to world-wide markets because the big banks give us a lot of volume,” he told WSJ. “We’re able to then take that favorable funding that we get and we’re able to lend it to all of our members, big and small, at the same rate.”Some suggest that REITs make up an optimal backbone for the mortgage market, leveraging less risk than before the financial crisis and able to quickly raise and deploy money when they see an opportunity. Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago March 19, 2020 1,950 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Home / Daily Dose / REITs Aren’t Deadcenter_img Tagged with: Investment REIT Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Investment, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago REITs Aren’t Dead 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. Investment REIT 2020-03-19 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

Congress Members Call for Pause on GSE Capital Framework

first_img Demand Propels Home Prices Upward 2 days ago GSEs Mark Calabria Maxine Waters Secondary Market 2020-07-29 David Wharton About Author: Krista F. Brock 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. Share Save Three members of Congress have requested the Federal Housing Finance Agency (FHFA) pause on its capital framework rulemaking for the GSEs during the pandemic and extend its comment period on the rule proposed this spring. They also requested in-depth analysis on how the proposed rule would impact underserved borrowers.Maxine Waters, Chairwoman of the House Financial Services Committee; William Lacy Clay, Chair of the Subcommittee on Housing, Community Development and Insurance; and Congressman Denny Heck this week sent a letter to FHFA Director Mark Calabria outlining their requests.One concern expressed in the letter is that industry stakeholders simply will not have enough time to respond to the 424-page rule by the August 31 deadline for comments. They urged FHFA to extend its comment period and even hold a series of public hearings to allow stakeholders to express any concerns with the rule.The proposed rule, released May 20, aims to “establish a new regulatory capital framework for the Enterprises” and is “a critical step in furtherance of FHFA’s stated intention to responsibly end the conservatorships,” FHFA stated in a fact sheet with the release of the proposed rule.The proposal includes risk-based capital requirements and leverage ratio requirements to serve as a backstop to the capital obligations.The other two major concerns expressed by the representatives are that the new capital requirements may negatively impact low-income and minority borrowers and that “the goals of quickly recapitalizing the Enterprises may inadvertently interfere with the broader economy’s recovery from today’s crisis,” according to the letter.The representatives ask FHFA to “prioritize economic recovery” during the pandemic by pausing the rulemaking process. They say the 2008 financial crisis was followed by a “slow economic and housing recovery” and that the proposed rule could lead to a slow recovery from today’s pandemic-induced economic recession by impeding the GSEs’ ability to provide liquidity to the housing market.The letter references estimates that the proposed capital requirements could increase guarantee fees at the GSEs by 15 to 20 basis points.In addition to pausing the rulemaking process, the representatives ask FHFA to provide further analysis into the rule’s potential impact on underserved borrowers. They ask that FHFA provide insight into the average cost to borrowers, broken down by race and ethnicity.Calabria has remained steadfast in his goal to prepare the GSEs to exit conservatorship, and as of the release of the rule in May, he did not feel the pandemic provided a reason to waver. In fact, he implied the opposite.”This national health crisis has affirmed the importance of the Enterprises’ mission to serve the American housing market during good times and bad. When credit dries up, low- and moderate-income households are hurt most. We must chart a course for the Enterprises toward a sound capital footing so they can help all Americans in times of stress,” Calabria said. “More capital means a stronger foundation on which to weather crises. The time to act is now.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe July 29, 2020 1,834 Views Home / Daily Dose / Congress Members Call for Pause on GSE Capital Framework Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Postcenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Housing Market Snapshot: What Three New Reports Reveal Next: GSEs Report Boosts in Q2 Income in Daily Dose, Featured, Government, Journal, News, Secondary Market Tagged with: GSEs Mark Calabria Maxine Waters Secondary Market Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Congress Members Call for Pause on GSE Capital Frameworklast_img read more

Best of DS5: Advancing Tech and Working From Home

first_img Demand Propels Home Prices Upward 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Tagged with: DS5 housing industry Technology Work from Home working remotely November 3, 2020 1,054 Views DS5 housing industry Technology Work from Home working remotely 2020-11-03 Cristin Espinosa How COVID-19 Challenges Are Prompting Innovation Xome CEO Mike Rawls discusses how COVID-19 has changed the way his company conducts business. Rawls tells DS5 that remote work, for example, is something he plans to maintain, although it might look a little different in the future. It’s a challenge to maintain the “culture,” which makes Xome so effective when the staff is growing but not meeting one another in person, he says. Home / Daily Dose / Best of DS5: Advancing Tech and Working From Home Data Provider Black Knight to Acquire Top of Mind 2 days ago Cristin Espinosa is a reporter for DS News and MReport. She graduated from Southern Methodist University where she worked as an editor and later as a digital media producer for The Daily Campus. She has a broadcast background as well, serving as a producer for SMU-TV. She wrote for the food section during her fellowship at The Dallas Morning News and has also contributed to Advocate Magazine and The Dallas Observer. The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Economist Predicts Foreclosure Wave Will Crash Down in 2021  Next: High-Cost Housing Creates Obstacles for Older Generation The pandemic has made waves throughout all industries, including housing. With many housing industry professionals working from home, executives have had to step up to the challenge of leading remote teams and finding ways to quickly adopt new technological tools.Executives and industry experts spoke with DS5 about how technology is shaping the mortgage industry as more business goes digital. Other housing professionals weighed in on how they have managed to work remotely and stayed in touch with their teams during COVID-19.Here are the top five DS5 videos on technology and working remotely: Subscribe Lessons Learned From Working RemoteMark Revard serves as the Eastern Division EVP and Oklahoma Market President for Gateway Mortgage. Revard joins us on DS5: Inside the Industry to discuss what the future holds for the mortgage market, and to share insights about how both Gateway and the industry have adapted to the challenges of COVID-19. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Staying Engaged With Employees During COVID-19Marti Diaz, Chief HR Officer with Mortgage Contracting Services, discusses how COVID-19 has impacted the office environment, as well as about ways companies can stay engaged with employees while work-from-home orders are in place. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Best of DS5: Advancing Tech and Working From Home in Daily Dose, Featured Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Tech’s Influence on the Mortgage IndustryAustin Niemiec, EVP, Quicken Loans Mortgage Services discusses the role technology will play in the mortgage process post-COVID-19, and also what the industry can do to protect homeowners from foreclosure once they exit forbearance. About Author: Cristin Espinosa ‘Leveraging Technology’ in the Housing IndustryThe show is joined by Richard Ferguson, President of CBC Mortgage Company. Ferguson, who runs the company’s Chenoa Fund, discussed how his company is “leveraging technology,” especially during these quickly changing times.last_img read more

Family of Derry schoolboy killed by plastic bullet call for new inquest

first_img Previous articleDonegal County Council to honour late Garda Gary McLoughlinNext articleMan in his late 20’s stabbed in Letterkenny News Highland By News Highland – April 19, 2012 Twitter News Google+ Google+ 448 new cases of Covid 19 reported today Facebook WhatsApp Family of Derry schoolboy killed by plastic bullet call for new inquest Twitter Pinterestcenter_img Three factors driving Donegal housing market – Robinson WhatsApp Help sought in search for missing 27 year old in Letterkenny RELATED ARTICLESMORE FROM AUTHOR Calls for maternity restrictions to be lifted at LUH Facebook The family of a Derry schoolboy killed by a plastic bullet fired by a soldier 30 years ago have called for a fresh inquest into the killing.Eleven-year-old Stephen McConomy was playing with friends in the Bogside when he was shot in the head.The soldier, from the Royal Anglian Regiment, claimed he fired the shot by accident and was never prosecuted.The dead boy’s family are now working with the Historical Enquiries Team, which is reviewing killings during the troubles.Stephen’s brother, Emmett, told todays Shaun Doherty Show that there is enough evidence for a new inquest….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/04/emm530.mp3[/podcast] NPHET ‘positive’ on easing restrictions – Donnelly Pinterest Guidelines for reopening of hospitality sector publishedlast_img read more

No threat of eviction for Donegal council house tenants over water charges

first_img NPHET ‘positive’ on easing restrictions – Donnelly Donegal County Council has confirmed that no council house tenants will be threatened with or face eviction for the non payment of water charges.It emerged yesterday that Wicklow County Council has told households on its Rental Accommodation Scheme that they could be kicked out for not paying the charges.But Donegal County Councillor Patrick McGowen says no such threat will be issued in this county:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/10/patmc530EVICT.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApp By News Highland – October 17, 2014 Previous articleMayo priest awared 27% of Donegal home he shared with former loverNext articleThe race for Dr Maguire heats up News Highland Pinterest Google+ Calls for maternity restrictions to be lifted at LUH Three factors driving Donegal housing market – Robinson No threat of eviction for Donegal council house tenants over water charges Nine Til Noon Show – Listen back to Wednesday’s Programme Facebookcenter_img Facebook GAA decision not sitting well with Donegal – Mick McGrath Homepage BannerNews Twitter Twitter RELATED ARTICLESMORE FROM AUTHOR Pinterest Google+ WhatsApp Guidelines for reopening of hospitality sector publishedlast_img read more