The Week Ahead: Headed for Housing Bubble 2.0?

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago On Tuesday, June 26, from 12 p.m. – 1 p.m. CT, Carrington Mortgage Holdings EVP Rick Sharga will host a complimentary new State of the U.S. Housing Market Webinar that will analyze trends “and offer insights into what they mean for the housing and mortgage markets for the rest of 2018 and beyond.” Here’s the official description:”Home prices continue to rise rapidly—48 percent over the past six years according to the National Association of Realtors. Mortgage rates have risen a full point over the last year, and wages simply aren’t keeping pace. Is the housing market facing an affordability crisis? Are home prices approaching a bubble like the one that led to the Great Recession?”You can click here to register for the Carrington webinar.And if you missed it, don’t forget to check out the recording of DS News’ “Zombie Homes: Challenges and Guidance” webinar from last week, which was moderated by Sharga. You can learn more and access that recording by clicking here.Here’s what else is happening in The Week Ahead.Census Bureau New Home Sales, Monday, 10 a.m. ETS&P CoreLogic Case-Shiller HPI, Tuesday, 9 a.m. ETConsumer Confidence Index, Tuesday, 10 a.m. ETMBA Mortgage Apps, Wednesday, 7 a.m. ETNAR Pending Home Sales Index, Wednesday, 10 a.m. ETGDP Data, Thursday, 8:30 a.m. ETFed Balance Sheet, Thursday, 4:30 p.m. ET Home / Daily Dose / The Week Ahead: Headed for Housing Bubble 2.0? Related Articles Sign up for DS News Daily The Week Ahead: Headed for Housing Bubble 2.0? Share 2Save  Print This Post The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Lessons from Hurricane Season Next: Black Knight Introduces LoanSphere Servicing Digital Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Carrington Mortgage Holdings Housing Bubble Rick Sharga the week ahead Webinar Webinars in Daily Dose, Featured, Journal, Market Studies, News The Week Ahead: Nearing the Forbearance Exit 2 days ago June 24, 2018 2,842 Views Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: David Wharton The Best Markets For Residential Property Investors 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] Carrington Mortgage Holdings Housing Bubble Rick Sharga the week ahead Webinar Webinars 2018-06-24 David Wharton Subscribelast_img read more

DS5: How Technology is Aiding Auctions

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago 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, REO Home / Daily Dose / DS5: How Technology is Aiding Auctions The Best Markets For Residential Property Investors 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Seth Welborn Previous: FHFA Updates GSE Non-Performing Loan Sales Next: COVID-19’s Impact on Minority Homeowners Tagged with: Auction DS5 Technology 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. Auction DS5 Technology 2020-06-02 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days agocenter_img Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Featured on this episode of DS5: Inside the Industry is Jesse Roth, SVP at Auction.com. Roth delves into how foreclosure volumes can be impacted by coronavirus. He also discusses how technology can aid in disposition in today’s socially distanced environment.According to Roth, investing in technology in the auction industry is key to success, as “allowing buyers to shop, bid, and ultimately purchase properties remotely is perfect.”Additionally, Roth states that the pandemic will have a significant impact on foreclosure volume. Currently, almost 5 million people are on a forbearance plan, and Roth notes that experts do not know what the impact of the forbearance program will be.You can watch the episode here or at the embed below. More insight from the extended version of the interview can be found here.  DS5: How Technology is Aiding Auctions June 2, 2020 23,821 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Survey Examines Customer Satisfaction With Mortgage Servicers

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago 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. About Author: Krista F. Brock The Best Markets For Residential Property Investors 2 days ago J.D. Power mortgage servicing Primary Mortgage Servicer Satisfaction Study 2020-08-02 David Wharton Previous: HUD’s Carson Discusses End of AFFH Rule Next: Single-Family Rental: Opportunity for Sale? Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago August 2, 2020 1,294 Views Share Save Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Journal, Market Studies, News, Servicing Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Tagged with: J.D. Power mortgage servicing Primary Mortgage Servicer Satisfaction Study Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Sign up for DS News Daily While the average customer satisfaction for mortgage servicers is up from last year, the COVID-19 pandemic has highlighted some weak spots, according to J.D. Power, which has released its latest Primary Mortgage Servicer Satisfaction Study.J.D. Power did acknowledge that in the current environment of record low mortgage rates, record high unemployment, and rising delinquencies, “servicers have been put to the test.”The survey found room for improvement in communication and digital offerings. When customers are at-risk, they are more likely to place a phone call to their mortgage servicer, according to J.D. Power. In the past 12 months, 44% of at-risk borrowers have reached out to their servicer by phone, compared to 25% of low-risk borrowers.In the current environment of high unemployment, forbearance, and financial distress, servicers can expect high call volumes, a pressure that was further exacerbated this spring with “call centers already dealing with work-at-home limitations,” J.D. Power noted.When borrowers do reach out to their servicer by phone, they report having difficulty reaching a “live agent,” according to the survey. About 19% of survey respondents reported this as an issue, which drove down their overall satisfaction by 261 points on the 1,000-point scale J.D. Power uses.While call centers may be experiencing heavier than normal volumes during the pandemic, websites could help to resolve some customer questions. However, they seem to falling short. More than 60% of borrowers report first turning to their servicer’s website, but only 28% report being able to resolve their issue on the website. Of those who were unable to resolve their issue on the website, 45% said they had to call and speak with a representative to solve their problem.In general, survey findings support a balanced, proactive approach to customer communication. About 40% of customers said they received no proactive communication from their lender, while 29% said they received at least 11 communications over the course of a year. Both of these extremes can lead to a lower satisfaction score.Those who received three to four communications per year seemed to be the most satisfied, although this was just a small share of customers at just 8%, according to the survey.Of the servicers observed, Quicken Loans ranked highest for the seventh year in a row, followed by Regions Mortgage and Huntington National Bank.“The COVID-19 pandemic has really amplified the gaps in customer satisfaction, digital experience and call center experience that have been a challenge for mortgage servicers for some time,” said Jim Houston, Director of Consumer Lending Intelligence at J.D. Power.He added: “At a time when the need for streamlined, effective digital guidance and proactive outreach and counsel is more important than ever, mortgage customers aren’t finding the answers they need online, pushing them onto long customer service queues in call centers and leaving them to hunt for answers on how best to address their challenges.”The average servicer satisfaction score in the latest survey was 781 out of a possible 1,000 points. Home / Daily Dose / Survey Examines Customer Satisfaction With Mortgage Servicers Survey Examines Customer Satisfaction With Mortgage Servicerslast_img read more

Should ‘Living Will’ Rule Apply to GSEs?

first_img Demand Propels Home Prices Upward 2 days ago  Print This Post Should ‘Living Will’ Rule Apply to GSEs? Servicers Navigate the Post-Pandemic World 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago February 5, 2021 12,888 Views Tagged with: Don Layton harvard HOUSING Don Layton harvard HOUSING 2021-02-05 Christina Hughes Babb Home / Daily Dose / Should ‘Living Will’ Rule Apply to GSEs? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Sign up for DS News Daily in Daily Dose, Featured, News Subscribe Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Bankruptcy Filings Hit 15-Year Low Next: Forbearance Activity Drops as Plans Expire Servicers Navigate the Post-Pandemic World 2 days ago About Author: Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago The Federal Housing Finance Agency (FHFA)’s recently proposed “living will rule,” according to the agency, is a necessary step toward Fannie Mae and Freddie Mac’s fiscally responsible exit from government oversight. But a former Freddie executive is challenging the need for the rule, which he says would be a massive undertaking for the GSEs.The so-called “living will rule” essentially is a contingency plan for banks in the case of financial distress or failure. A “living will” or “resolution plan” would protect the broader financial market from harm that might accompany the failure of a significant financial institution.In December, the FHFA Director Mark Calabria explained the proposal and called for comment:”The rule proposed today is an important step toward a stronger housing finance system. Requiring the Enterprises to develop living wills, helps FHFA fulfill its responsibility to ensure that the failure of an Enterprise would harm neither taxpayers nor the mortgage market,” said Director Mark Calabria. “The proposed rule gives FHFA a tool that supplements its existing statutory authorities to restructure a failed Enterprise so that government does not have to put the [GSEs] into conservatorship again.”Former Freddie Mac CEO Don Layton, now a Senior Industry Fellow at Harvard’s Joint Center for Housing Studies, makes a case in his paper entitled,  “The FHFA’s Proposed GSE ‘Living Will’ Rule: Fatally Flawed and Unusually Vague,” that a living- will rule applied to GSEs does not make good sense.Layton, in his writings, outlines his objections:”For the GSEs [as opposed to large banks] a living will has relatively little value versus what it does for systemically important banks” because:The structure of a GSE, compared to that of a large bank, is ultra-simple: a GSE operates almost entirely via one legal entity, in one country, and in one currency, so the need for a detailed living will is substantially less;Because about 90% of GSE assets are financed by pass-through mortgage-backed securities, a GSE in a living will situation faces liquidity risks that are dramatically reduced compared to those faced by a bank; andIn some future GSE distress situation, when policymakers consider the health of the economy and homeownership, receivership will likely prove to be an unattractive policy alternative compared to other options the government could deploy, so its likelihood of occurring is, in practice, minimal.Layton’s paper goes on to pinpoint what he sees as “fatal flaws” within the FHFA’s proposal, and he recommends that the agency largely redesign the plan lest it be “replaced wholesale.””In my opinion, the living will rule proposal should undergo a major revamping through the comment-and-revision process. This process should eliminate the fatal flaws and clear up the vagueness that currently gives FHFA too much discretion to do whatever it wants,” Layton said. “Furthermore, the rule should be scaled back so the implementation effort required matches its low regulatory value. The rule should also be revised into a technical document, as more typically required of large banks, rather than the vehicle for policy implementation that it is in its current form.”Layton’s full paper is available at JCHS.Harvard.edu.last_img read more

Jobs minister asked to intervene as fears grow for Oatfield jobs

first_img Facebook Twitter Twitter Newsx Adverts RELATED ARTICLESMORE FROM AUTHOR Pinterest Pinterest WhatsApp Google+ 448 new cases of Covid 19 reported today Facebook Three factors driving Donegal housing market – Robinson center_img Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector published Google+ WhatsApp By News Highland – January 20, 2012 NPHET ‘positive’ on easing restrictions – Donnelly Enterprise and Employment Minister Richard Bruton is being asked to intervene on behalf of workers at the Oatfield plant in Letterkenny. The minister is being contacted this morning by Donegal North East Deputy Padraig Mac Lochalinn, who will urge him to seek clarification on the future of the remaining 15 jobs on the site.Letterkenny’s Mayor Cllr Gerry Mc Monagle met the workers last evening after they contacted him when equipment was moved from the plant. He says their fears have been increased with mounting speculation that the site owners Donegal Creanmeries are in discussion with a multi-national food company to sell the site.Neither Donegal Creameries, nor brand owners Zed Candy are commenting, but Cllr Mc Monagle says the workers deserve answers………….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/01/gmmon830.mp3[/podcast] Previous articleTraffic chaos after Derry explosionsNext articleCan’t Pay Won’t Pay campaign spreads to Aranmore Island News Highland Jobs minister asked to intervene as fears grow for Oatfield jobs Help sought in search for missing 27 year old in Letterkenny last_img read more

Census figures reveal continued deprivation in Strabane

first_img Facebook Facebook WhatsApp WhatsApp Strabane remains one of the most deprived areas in the North according to the latest release of statistics from last year’s census figures.Figures published this week show that the Strabane District Council area had the second highest unemployment rate in Northern Ireland in March last year.According to the census figures a total of 50% of residents in the Strabane District were in paid employment in March last year, with 7.1% classed as unemployed.Derry has the highest unemployment rate in the North, with 7.5% out of work.Meanwhile of the the 7.1% of people who were unemployed in Strabane, half of these were classed as long-termed unemployed.Census figures also revealed that just over 40% of those aged 16 or over had no qualifications.And in a further sign that shows Strabane remains as one of the most deprived areas in Northern Ireland, statistics revealed that nearly a quarter of all local residents suffered from a long term health problem or disability. Previous articleEamon McCann says ‘clamour’ surrounding Pat Finucane review will not go awayNext articleVEC responds the tragic death of Finn Valley teenager News Highland Twitter Census figures reveal continued deprivation in Strabane Pinterest By News Highland – December 13, 2012 LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Guidelines for reopening of hospitality sector published center_img Pinterest Need for issues with Mica redress scheme to be addressed raised in Seanad also Almost 10,000 appointments cancelled in Saolta Hospital Group this week RELATED ARTICLESMORE FROM AUTHOR News Google+ Google+ Twitter Calls for maternity restrictions to be lifted at LUH Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey last_img read more

Carrigans man hits out at the agency that collects the Household Charge

first_img Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Facebook By News Highland – July 25, 2012 Facebook WhatsApp Pinterest Carrigans man hits out at the agency that collects the Household Charge Calls for maternity restrictions to be lifted at LUH A Donegal man is hitting out at the agency that collects the Household Charge after he mistakenly paid the tax and didn’t recieve a refund.Darren from Carrigans paid the charge in March, but he found out a few days later that he shouldn’t of paid the charge, as the estate that he lives in is an unfinished housing estate.He says he filled out the relevant paperwork for a refund after contacting the helpline and he explained the problem.But that was four months ago, and Darren says there is still no sign of a refund…..[podcast]http://www.highlandradio.com/wp-content/uploads/2012/07/darren.mp3[/podcast] Twitter RELATED ARTICLESMORE FROM AUTHOR Google+center_img Previous articleCity of Derry Airport back online after website problemsNext articleDonegal County Council unaware of bogus caller claims News Highland Twitter LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Guidelines for reopening of hospitality sector published News WhatsApp Need for issues with Mica redress scheme to be addressed raised in Seanad also Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Google+last_img read more

Economist says CSO figures show the extent of Donegal’s income crisis

first_img RELATED ARTICLESMORE FROM AUTHOR Economist says CSO figures show the extent of Donegal’s income crisis LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Facebook Pinterest By admin – May 28, 2015 Facebook Google+ WhatsApp Previous articleUEFA calls for postponement of Presidential ElectionNext articleDonegal gardai launch June Bank Holiday road safety campaign admin Homepage BannerNews Calls for maternity restrictions to be lifted at LUH center_img Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitter A Donegal born economist has said that a CSO study into income levels proves that the county is one of the poorest in the state.The recently published CSO figures looked at incomes per head across the country between 2000 and 2012.It calculated income per head for each county, made up of wages, the earnings of the self-employed, rents, dividends and interest.Dan McLaughlin is a native of Co. Donegal who lectures in economincs and finance at the Dublin Institute of Technology. He studies the figures extensively:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/05/danceoanalysis.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter Pinterest WhatsApp Google+ Guidelines for reopening of hospitality sector published Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

Blaney defends scheme comments and dismisses MEP’s threat

first_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Need for issues with Mica redress scheme to be addressed raised in Seanad also Twitter Deputy Niall Blaney has been responding to the slating he has received since commenting on the lost at sea scheme in the Dail, stating he stands by everything he said.The Byrne family from Donegal were furious when Deputy Blaney said they had been mislead by MEP Jim Higgin’s in thinking they could qualify for the scheme.While Jim Higgins challenged the Deputy to repeat the comments without Dail privilege and again criticised his father Harry Blaney for not supporting the McBrearty family in a Dáil vote on Garda misconduct.Niall Blaney says he is not bother by Jim Higgin’s threats:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/02/8blaney.mp3[/podcast] WhatsApp Pinterest Previous articleSiptu plays down imminent job loss announcement at MedisizeNext articleCouncil seek clarification on Glenties wind farm News Highland Twitter 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Minister McConalogue says he is working to improve fishing quota RELATED ARTICLESMORE FROM AUTHOR Facebookcenter_img Google+ Google+ Facebook By News Highland – February 8, 2010 WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week Dail hears questions over design, funding and operation of Mica redress scheme Pinterest Newsx Adverts Blaney defends scheme comments and dismisses MEP’s threatlast_img read more

Cllr says residents of problematic housing estates should come together and take case against…

first_img Google+ Dail to vote later on extending emergency Covid powers Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp Previous articleDonegal County Council backs calls on the Government to classify Down Syndrome as a low Incidence disabilityNext articleCllr McGowan says residents of problematic housing estates suing the Council is not the way forward News Highland Twitter Pinterest Facebook By News Highland – October 2, 2013 Facebook Cllr Frank McBreartyA Donegal County Councillor has said that residents of problematic housing estates should come together and take a legal case against the local authority.Cllr Frank McBrearty believes there are over 200 unfinished housing estates in Donegal who have maintenance problems that are not being dealt with.Many of the contractors who built these estates around the county have went bust during the economic collapse which raises questions as to who is responsible for the completion and upkeep.Councillor McBrearty says these contractors often paid the council a development charge and is questioning where that money went:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/10/frank1.mp3[/podcast] Google+center_img HSE warns of ‘widespread cancellations’ of appointments next week PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Pinterest RELATED ARTICLESMORE FROM AUTHOR Dail hears questions over design, funding and operation of Mica redress scheme Cllr says residents of problematic housing estates should come together and take case against Local Authority News Man arrested in Derry on suspicion of drugs and criminal property offences released WhatsApp Twitterlast_img read more