Why the South is Delinquency Prone

first_img Previous: Delving Into Consumers’ Minds Next: Delving Into Consumers’ Minds 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. Sign up for DS News Daily CoreLogic default Delinquencies Foreclosure HOUSING Hurricane Inventory Loan 2018-10-11 Radhika Ojha October 11, 2018 1,723 Views Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Foreclosure and delinquency rates fell to a 12-year low in July, according to the latest loan performance data released by CoreLogic recently. While 4.1 percent of mortgages were in some form of delinquency during this period, foreclosure inventory rate in July stood at 0.5 percent.In July 2017, delinquency rates were at 4.7 percent while foreclosure inventory rate was at 0.7 percent, the report indicated. Additionally, the July 2018 foreclosure inventory rate remained unchanged from April, May and June rates of this year.Looking at the various stages of delinquency, the report revealed that the rate for early-stage delinquencies (30-59 days past due) was 1.9 percent, decreasing from 2.1 percent in July 2017. The share of mortgages that were 60-89 days past due was 0.6 percent, down slightly from 0.7 percent during the same period last year, while serious delinquency rate (90 days or more past due), including loans in foreclosure stood at 1.6 percent, down from 1.9 percent last year.“With the national unemployment rate remaining below 4 percent since July, further declines in U.S. delinquency rates are likely in coming months,” said Dr. Frank Nothaft, Chief Economist for CoreLogic.While none of the states recorded a year-over-year increase, CoreLogic found that several metropolitan areas in Florida and Texas that were still reeling from the impact of last year’s hurricanes recorded month-over-month increases in delinquencies.“The destruction of homes and disruption to local commerce caused by natural disasters lead to a subsequent spike in local delinquency rates, even for homes that were untouched,” Nothaft said.In fact, that’s one of the reasons that the report noted that properties in North Carolina, South Carolina, and Virginia that recently experienced damage from Hurricane Florence may be at risk for early-stage delinquency.“We expect higher delinquency rates in the mid-Atlantic region later this year due to Hurricane Florence, which impacted nearly half a million homes in North Carolina alone. We also see increases in serious delinquency rates in Florida and Texas reflecting the damage of Hurricanes Harvey and Irma,” said Frank Martell, President and CEO of CoreLogic. “In addition, Hawaii will likely experience an increase in delinquency rates as a result of Hurricane Lane and the eruption of Kilauea.” Home / Daily Dose / Why the South is Delinquency Prone Why the South is Delinquency Prone Tagged with: CoreLogic default Delinquencies Foreclosure HOUSING Hurricane Inventory Loan in Daily Dose, Featured, Foreclosure, Newscenter_img Demand Propels Home Prices Upward 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 About Author: Radhika Ojha Demand Propels Home Prices Upward 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 Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Share Save Subscribelast_img read more

$1.8B in Unpaid Balance in Reperforming Loan Sale

first_img Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post 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. Tagged with: Fannie Mae GSE reperforming loan sale Previous: AMDC Highlights Program Spotlighting Diversity Next: Los Angeles Agency Settles Claims It Violated Housing Requirements in Daily Dose, Featured, Government, News, Secondary Market The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Fannie Mae GSE reperforming loan sale 2020-02-14 Mike Albanese Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Subscribe Share Save Home / Daily Dose / $1.8B in Unpaid Balance in Reperforming Loan Sale Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fannie Mae began marketing its fifteenth sale of reperforming loans this week, continuing the GSE’s effort to reduce the size of its retained mortgage portfolio. The sales consist of roughly 12,775 loans that have an unpaid principal balance of approximately $1.8 billion. Bids are due on March 10. Reperforming loans are loans that were previously delinquent but have reperformed for a period of time. Some of the loans may be up to 90 days delinquent. Fannie Mae announced the results of its fourteenth reperforming loan sale transaction late last year. The deal included the sale of approximately 20,800 loans totaling $3.1 billion in unpaid principal balance (UPB), divided into six pools. The winning bidders of the six pools for the transaction were DLJ Mortgage Capital, Inc. (Credit Suisse) for Pools 1, 2 and 3, J.P. Morgan Mortgage Acquisition Corp. (Chase) for Pools 4 and 6, and NRZ Mortgage Holdings, LLC (Fortress) for Pool 5. The transaction is expected to close on December 19, 2019.Freddie Mac, meanwhile, recently announced it sold via auction 2,243 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio. The loans, with a balance of approximately $369 million, are currently serviced by Specialized Loan Servicing LLC. The transaction was expected to settle in January 2020. The sale is part of Freddie Mac’s Standard Pool Offerings.Fannie Mae announced this week that it recorded a net income of $14.2 billion in 2019, including $4.4 billion during Q4 2019. The GSE’s net worth rose to $14.6 billion by the end of the year. Based on the current agreement with the U.S. Department of the Treasury and the Federal Housing Finance Agency (FHFA), the company can retain quarterly earnings until its net worth reaches $25 billion. Fannie Mae provided more than $650 billion in liquidity to the mortgage market in 2019, helping finance more than three million purchases, refinances, and rental units. They were the largest issuer of single-family mortgage-related securities in the secondary market during 2019, with an estimated market share of single-family issuances of 37%. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago February 14, 2020 4,769 Views $1.8B in Unpaid Balance in Reperforming Loan Sale The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more

Two former hotel workers cleared of murder of Michaela McAreavey

first_img Two former hotel workers have been cleared of the murder of Michaela McAreavey in Mauritius.Avinash Treebhoowoon and Sandip Moneea had both denied killing the 27 year old newlywed at the Legends Hotel last January.The jury delivered unanimous verdicts after just two hours of deliberations.Cormac McQuinn of the Irish Independent was in court, and he says the verdict comes as no surprise:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/07/cor1.mp3[/podcast] Twitter News Twitter Facebook By News Highland – July 12, 2012 448 new cases of Covid 19 reported today Pinterest Pinterest Facebook Google+ WhatsAppcenter_img RELATED ARTICLESMORE FROM AUTHOR Three factors driving Donegal housing market – Robinson Previous articleCouncil warns anyone who has failed to pay 2012 NPPR chargeNext articleTeenager dies following overnight crash near Drumkeen News Highland Two former hotel workers cleared of murder of Michaela McAreavey Google+ WhatsApp NPHET ‘positive’ on easing restrictions – Donnelly Help sought in search for missing 27 year old in Letterkenny Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector publishedlast_img read more

Senator calls for action to help those in serious mortgage difficulty

first_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Facebook By News Highland – April 24, 2012 Facebook Twitter Pinterest Fianna Fail Senator Brian O Domhnaill is calling on the Government to take decisive action to help Donegal families in serious mortgage difficultyThe Senator claims the Government has all but ignored the deepening mortgage arrears crisis since coming to office 13 months ago and we are now seeing the extent of the pressure on familiesThe Taoiseach and Tánaiste have stated recently that not enough has been done to tackle the issue.Senator O’Domhnaill says the government must now act on those words:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/04/odohm.mp3[/podcast] Calls for maternity restrictions to be lifted at LUH Three factors driving Donegal housing market – Robinson Senator calls for action to help those in serious mortgage difficulty Twitter Google+center_img Newsx Adverts Pinterest Previous articleDonegal teens in the running Foróige Entrepreneurs awardNext articleRAAD issue new death threat against Raymond Coyle News Highland WhatsApp Guidelines for reopening of hospitality sector published RELATED ARTICLESMORE FROM AUTHOR Help sought in search for missing 27 year old in Letterkenny NPHET ‘positive’ on easing restrictions – Donnelly WhatsApp Google+last_img read more

Autism Bill ensures that resources will be distributed fairer in North

first_img Calls for maternity restrictions to be lifted at LUH Autism Bill ensures that resources will be distributed fairer in North By News Highland – March 16, 2011 News Three factors driving Donegal housing market – Robinson Guidelines for reopening of hospitality sector published Pinterest Google+ WhatsApp Pinterest Help sought in search for missing 27 year old in Letterkenny Previous articleDerry GAA star Eoin Bradley has admitted assaulting a referee last AugustNext articleNo Fine Gael candidates from Donegal for Seanad News Highland center_img Google+ Foyle MLA Pol Callaghan says the passing of the Autism Bill last night is an example of what Stormont can achieve.He says the law in the North is now tighter than the law in England, and it will ensure that resources are distributed in a fairer way.Mr Callaghan says after the acrimony of the budget debate, this is Stormont at its best:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/03/pol1pm.mp3[/podcast] NPHET ‘positive’ on easing restrictions – Donnelly Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter Twitter RELATED ARTICLESMORE FROM AUTHOR WhatsApp Facebooklast_img read more

Rents continue to fall in Donegal

first_img Google+ NPHET ‘positive’ on easing restrictions – Donnelly Google+ Facebook Twitter Facebook By News Highland – February 9, 2012 WhatsApp Rents continue to fall in Donegal Previous articleLack of toilets in Donegal Town “an embarrassment” – ByrneNext articleGAA – Donegal Look Forward To Another All Ireland Vocational Schools Semi Final News Highland Guidelines for reopening of hospitality sector published Three factors driving Donegal housing market – Robinson center_img Pinterest Newsx Adverts LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton RELATED ARTICLESMORE FROM AUTHOR Pinterest The average nationwide rent of a property now stands at 821 euro, according to the latest report by Daft.ie.The survey by the property website shows that the highest rents are in Dublin, averaging at 1,057 euro, compared to an average of 542 euro in Donegal.The last three months of last year saw an average fall of 3.3% in rents in Donegal, one of the steepest falls in the country. Calls for maternity restrictions to be lifted at LUH Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApplast_img read more

Childrens’ ombudsman urges government to stop stalling on referendum date

first_img Guidelines for reopening of hospitality sector published Almost 10,000 appointments cancelled in Saolta Hospital Group this week Newsx Adverts Calls for maternity restrictions to be lifted at LUH Google+ Google+ Twitter WhatsApp The Children’s ombudsman Emily Logan says uncertainty over the dates of by-elections should not be allowed impact on the date of the proposed Childrens’ Rights Referendum.It had been speculated that the referendum would take place in autumn of this year, but thjere are now fears that will drag into next year.There are three outstanding by-elections, including one in Donegal South West, with claims from the opposition parties that the government is running scared because it stands to lose seats.However, Emily Logan says the two issues should be kept seperate……..[podcast]http://www.highlandradio.com/wp-content/uploads/2010/07/emily3pm.mp3[/podcast] Childrens’ ombudsman urges government to stop stalling on referendum date Facebook Previous articleHundreds attend Inishowen funeralsNext articleNorth West MEPs score highly in new EU ranking system News Highland center_img WhatsApp Pinterest Twitter Three factors driving Donegal housing market – Robinson By News Highland – July 14, 2010 Facebook RELATED ARTICLESMORE FROM AUTHOR LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

Coveney and Varadkar launch new Marine Safety Strategy

first_img Previous articleDonegal Action Against Austerity collect petition of names to support Tony RochfordNext articleNesbitt urges people and businesses of Derry to support Magee expansion News Highland Pinterest Twitter The government has announced the first ever national maritime safety strategy today.The cross departmental agency will see a new safety initiative for the Irish Fishing Industry which the government says is about closing any gaps in services and preventing accidents at sea.The Minister for Transport, Tourism and Sport, Leo Varadkar, with responsibility for maritime safety regulation and emergency response, and Minister for Agriculture Food and Marine, Simon Coveney, with responsibility for the fishing industry, jointly launched the cross departmental, cross agency scheme in Union Hall in Cork this afternoon.The initiative is supported by both Departments and their respective agencies and includes the provision of a new enhanced Safety Equipment Grant Aid Scheme operated by BIM which allows for the purchase of personal locator beacons, auto pilot alarms and wireless engine cut offs.It will see a revised fishing vessel code of practice to be tougher and amended to take account of recent tragedies and will also see the establishment of a high level working group on safety in the Irish fishing industry.A new enhanced safety training course run by BIM on a five year cycle will also be established.Minister Simon Coveney says the initiative aims to improving safety in the countries fishing fleet. It is about learning from past tragedies, and saving lives in the future. Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week Pinterest WhatsApp Facebook Google+ Facebook Coveney and Varadkar launch new Marine Safety Strategycenter_img Google+ RELATED ARTICLESMORE FROM AUTHOR LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton News Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector published WhatsApp By News Highland – July 8, 2013 Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

Letterkenny General staffing crisis to be raised with Health Minister

first_img Need for issues with Mica redress scheme to be addressed raised in Seanad also Google+ RELATED ARTICLESMORE FROM AUTHOR Twitter News Facebook Pinterest Pinterest By News Highland – January 16, 2014 WhatsApp Twitter Letterkenny General staffing crisis to be raised with Health Ministercenter_img Dail hears questions over design, funding and operation of Mica redress scheme WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Minister McConalogue says he is working to improve fishing quota Previous articleAny pharmacy could cut costs to rival Northern IrelandNext articlePolice in Strabane concerned at the use of ‘laughing gas’ for recreational purposes News Highland Almost 10,000 appointments cancelled in Saolta Hospital Group this week A Donegal North East Deputy is to raise the overcrowding crisis at Letterkenny General Hospital with the Health Minister.A spokesperson for the INMO yesterday said that the overcrowding crisis at Letterkenny General Hospital had worsened, with patients being treated on trolleys in corridors at the hospital.All patients south of the Twin Towns are now being diverted to Sligo, while attempts were made to divert patients from Inishowen to Altnagelvin in Derry, but that’s not been possible because Altnagelvin itself is under pressure and is diverting patients to the Erne and Causeway Hospitals.Deputy Padraig MacLochlainn says it is obvious there is a staffing crisis at Letterkenny General, and James Reilly needs to make the hospital a special case and lift the moratorium:[podcast]http://www.highlandradio.com/wp-content/uploads/2014/01/padTROLLY.mp3[/podcast] 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Google+ Facebooklast_img read more

Second Donegal Breastcheck unit to be located in Buncrana

first_img Dail to vote later on extending emergency Covid powers Facebook Previous articleDonegal immigrants attend first Council on Integration meetingNext articleMajor development at Strabanes ‘Camels Hump’ gets the go-ahead News Highland PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal HSE warns of ‘widespread cancellations’ of appointments next week Second Donegal Breastcheck unit to be located in Buncrana Pinterest Google+ Facebook News Twitter The National Cancer Screening Service has confirmed it is locating a second mobile screening unit in County Donegal.The second unit will be located in Buncrana, and will commence screening women at the end of November.BreastCheck has almost completed screening of over 5,300 women living in South Donegal, and the unit currently located in Donegal Town will be moved to Letterkenny at the end of this month.There are over 4,000 eligible women to be invited for a mammogram from Letterkenny and surrounding areas and screening will commence in early November.The announcement was made by Tony O’Brien, the Head of the National cancer Screening Service, who was at Letterkenny General Hospital today for the official opening of the colposcopy screening service.The Breastcheck announcement has been welcomed by cancer campaign groups in the county. Betty Holmes is spokesperson for Donegal Action for Cancer Care…………..[podcast]http://www.highlandradio.com/wp-content/uploads/2010/10/betty1pm.mp3[/podcast]center_img Dail hears questions over design, funding and operation of Mica redress scheme Google+ Twitter WhatsApp Pinterest Man arrested in Derry on suspicion of drugs and criminal property offences released WhatsApp By News Highland – October 7, 2010 RELATED ARTICLESMORE FROM AUTHOR Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more