Survey Finds a Lack of Savings for Many Americans

first_img April 10, 2014 600 Views Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Survey Finds a Lack of Savings for Many Americans Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Missouri Businessmen Plead Guilty to Fraud Next: Judge Upholds $1.5 Billion Claim against Wells Fargo About Author: Colin Robins Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. Related Articles Tagged with: Financial Education Financial Literacy NeighborWorks America Savings The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Survey Finds a Lack of Savings for Many Americans Nearly 70 million adults have no emergency savings, while nearly one in four would run out of money in 30 days, according to a new survey put out by NeighborWorks America. The survey found that 22 percent of adults, or roughly 53 million adults, have only enough saved for one month.The survey was released, “[T]o mark the beginning of financial capability month, call attention to the fragility of many families’ finances nearly five years since the end of the Great Recession, and assess consumers’ interest in nonprofit resources to help them build financial stability,” the organization said in a press release.Results from the survey also found that 48 percent of respondents said their cash reserves would last as long as three months, and 28 percent expect savings to last for a year.In total, 68 percent of consumers reported setting aside money in case of a financial emergency.”These data have to light a fire under all of us who want to see Americans better able to withstand a financial crisis, especially a recession as devastating as the one we’re climbing out of now,” said Eileen Fitzgerald, NeighborWorks America CEO. “Our survey underscores the need to provide better tools and information for people to manage the money they do have in order to build a strong financial base.”Top savings goals found by the survey include retirement and buying a home. 13 percent of survey respondents reported that saving to buy a home is their top priority.Race played a factor as well. The survey found that of the 29 percent of adults with no emergency savings, 43 percent were African-American and 39 percent were Hispanic. White respondents made up a reported 24 percent of adults with no emergency savings.Not surprisingly, higher income earners were more apt to save, while lower income earners were not.”Just 11 percent of people making $100,000 or more per year said that they had no emergency fund, while more than half (52%) of people earning less than $40,000 said that they had no such reserve.  People whose income places them squarely in the middle class also are financially vulnerable, with 24 percent of adults with income between $40-59,000 holding no emergency fund,” the survey reported.Fitzgerald believes everyone, even those with limited income, can save for emergencies and other financial opportunities.”In today’s marketplace, everyone, including those with limited incomes, can set aside some savings for emergencies and work to achieve other financial goals. We are seeing great results for consumers who use a financial coach to help them start saving, reduce debt and work toward financial goals.” in Daily Dose, Featured, Headlines, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Financial Education Financial Literacy NeighborWorks America Savings 2014-04-10 Colin Robins Subscribe Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

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DS News Webcast: Thursday 6/12/2014

first_img The Best Markets For Residential Property Investors 2 days ago DS News Webcast: Thursday 6/12/2014 Home / Featured / DS News Webcast: Thursday 6/12/2014 Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Share Save Previous: Southern Nevada Home Prices Rebound in May Next: LoanLogics Welcomes Senior VP of Customer Success Sign up for DS News Daily The Wells Fargo Economics Group released its Housing Chartbook for May 2014, which found that most markets are “wildly out of balance” from inflated home prices driven by investor purchases as well as exceptionally tight inventories. The group said that the lack of a rebound in home sales this spring has reinforced their view that there was more than harsh winter weather behind the recent slide in home sales and mortgage applications. The group notes that the road to housing recovery will be longer—and much bumpier—than expected.The group believes housing demand is still reeling from last spring’s spike in mortgage rates. They commented that a 70-basis point rise in mortgage rates coupled with a 6-point 2 percent rise in prices resulted in a 17.1 percent jump in monthly principal and interest payments. Payments on an existing home, irrespective of a slight dip in home prices, rose 11.9 percent. Consumer confidence in purchasing a new home within six months fell in May to 4.9 percent, which was below the 12-month moving average of 5.7 percent.Measuring new homebuilding against employment numbers—which only recently recovered from their recessionary decline—the National Association of Realtors found that historically, there is one new home built for every 1.5 jobs added to the economy. As of the first quarter, 32 states and the District of Columbia are above that ratio, meaning job growth has far outpaced new construction over the past three years. NAR believes that a majority of states are constructing too few homes, which will hamstring supply and slow home sales. The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago June 12, 2014 610 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post 2014-06-12 DSNews in Featured, Media, Webcasts Related Articles About Author: DSNewslast_img read more

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Fannie Mae Reduces Risk Pool

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago CIRT Fannie Mae GSE 2017-06-26 Staff Writer Related Articles 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 Fannie Mae Reduces Risk Pool June 26, 2017 8,603 Views The Best Markets For Residential Property Investors 2 days ago Fannie Mae is making moves again—this time it has completed its second set of traditional Credit Insurance Risk Transfer, (CIRT), to the tune of $19.8 billion in loan coverage. As of Monday when the deal was announced, Fannie Mae has acquired almost $4.3 billion of coverage on around $170 billion in loans through the program. The two transactions, 2017-3 and 2017-4, cover a total of $17.7 billion and 2.2 billion in initial principle balance, respectively, and took effect May 1, 2017. They both have a 10 year term with an annual premium of 14.04 base points. Loans in both pools were acquired between January 2016 and January 2017, are fixed-rate, and have a loan-to-value ratio greater than 80 percent but less than 98 percent. Loans were transferred to 17 different insurers and reinsurers, and Fannie Mae reserves the right to cancel any time after the five-year mark with a cancelation fee. Fannie Mae retains the rest for the first 50 basis points on 2017-3. If this amount—$88.4 million—is lost, reinsurers will cover the next 275 basis points up to around $486.2 million. For 2017-4, Fannie Mae also covers the first 50 basis points for a total potential loss of $10.9 million, after which time an insurer will cover the remaining 275 basis points for a coverage of $60.1 millionFannie Mae’s goal with their credit risk management approach is to “act as an intermediary between lenders and investors . . . to develop broad and liquid markets for credit risk that reduce taxpayer risk, minimize the impact to borrowers and lenders, offer an attractive investment option for investors in mortgage credit, and help build a stronger housing finance system.” You can find all the details of this CIRT deal, as well as past CIRT transactions on Fannie Mae’s website. in Commentary, Daily Dose, Featured, Government, News, Secondary Market Home / Commentary / Fannie Mae Reduces Risk Pool The Best Markets For Residential Property Investors 2 days ago Previous: Why Are Lenders Loosening Credit Standards? Next: 5 Cities with Great Rental Investment Opportunities  Print This Post About Author: Staff Writer Share Save Demand Propels Home Prices Upward 2 days ago Tagged with: CIRT Fannie Mae GSE Data Provider Black Knight to Acquire Top of Mind 2 days ago 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 Subscribelast_img read more

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FHFA, GSEs Continue Keeping Homeowners From Foreclosure

first_img  Print This Post FHFA, GSEs Continue Keeping Homeowners From Foreclosure The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Foreclosure, Government, Headlines, News Share Save The Federal Housing Finance Agency (FHFA) released its Q2 2017 Foreclosure Prevention Report, outlining results of the continued efforts the agency and the GSEs are implementing to prevent homeowners from going into foreclosure.According to the report, Q2 2017 brought an additional 48,760 foreclosure prevention actions to keep struggling homeowners in their home, bringing the total foreclosure preventions to 3,931,224 since the GSEs first came under the FHFA’s conservatorship toward the end of 2008. The report notes that, to date, permanent loan modifications have accounted for 2 million of the 3.2 million homeowners that have been able to retain their homes.In addition, the GSEs combined serious delinquency rate stood at 0.9 percent. the lowest it’s been since January 2008, according to the report. In comparison, Federal Housing Administration serious delinquencies fell 3.8 percent, Veteran Affairs loans fell by 2.0 percent. Industry average decline was 2.5 percent.The number of 60+ day delinquencies has also declined, at a rate of 6 percent, falling to a total number of 354,178, from 377,622 at the end of the first quarter. Real estate owned was also down to 40,392, a 9 percent decrease.Foreclosure starts by the GSEs also fell in the second quarter by 11 percent to a total of 44,989, and third-party foreclosure fell to 17,542, a drop of 9.0 percent.Of all completed foreclosure prevention actions that led to home retention, which amounted to 88,171, repayment plans accounted for 18,076 of those actions, forbearance plans 3,750, and charge-offs-in-lieu 736. Standard loan modifications accounted for 65,709.Home forfeiture, nonforeclosure actions totaled 9,693, of which 6,626 of those were short sales, and 3,067 were deeds-in-lieu.You can find the full Foreclosure Prevention Report on the FHFA’s website. Subscribe Previous: Borrower Credit Risk Increases Year-over-Year Next: Next Post Sign up for DS News Daily September 28, 2017 1,481 Views About Author: Joey Pizzolato Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 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 Fannie Mae FHFA Freddie Mac GSE 2017-09-28 Joey Pizzolato The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] Home / Daily Dose / FHFA, GSEs Continue Keeping Homeowners From Foreclosure Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Fannie Mae FHFA Freddie Mac GSElast_img read more

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NYC Property Investment Revisited

first_img Servicers Navigate the Post-Pandemic World 2 days ago Previous: The Mortgage Law Firm Welcomes Managing Partner, Expands Locations Next: Why Many Millennials Still Live with Mom Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Journal, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Home Prices Investment Properties new york city NYC propertyshark 2018-05-14 David Wharton Share Save Home / Daily Dose / NYC Property Investment Revisited Servicers Navigate the Post-Pandemic World 2 days ago NYC Property Investment Revisited The Best Markets For Residential Property Investors 2 days ago Related Articles Tagged with: Home Prices Investment Properties new york city NYC propertysharkcenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Data Provider Black Knight to Acquire Top of Mind 2 days ago At the height of the financial crisis in 2008, there were some people who bought or invested in condos in New York City, believing those investments would pay off in the long run. It turns out, they were right, according to a report by PropertyShark.“Most homebuyers who acquired a piece of real estate back in 2008—especially in Brooklyn and Manhattan—managed to sell their assets for a profit in 2017,” the report states.PropertyShark looked at about 1,000 homes in New York City that were bought in 2008 and sold in 2017. From just sale prices alone, the report found that the median price of $500,000 in 2008 jumped to more than $677,000 last year. Adjusted for inflation, those properties would have sold for about $582,000 in 2008.“That’s still a decent profit,” the report stated, “but far from what investing in the stock market, for example, would’ve gotten you.”For context, the report found that $500,000 invested in Dow Jones stock in 2008 would have yielded $1.4 million by 2017.Still, the New York City real estate scene did show some notable growth over the decade since 2008. Brooklyn prices (median price $440,000 in 2008) increased 50 percent by 2017. That was the largest growth in the Five Boroughs. Manhattan (median price $850,000 in 2008) grew 25 percent, to $1.1 million median. Lower Manhattan, the Upper West Side, and an area in Harlem featured the largest increases during that time.Elsewhere in New York, about 230 homes purchased in Queens in 2008 (median: $219,000) sold for a 32 percent profit last year. Adjusted for inflation, though, the growth in Queens was about 10.5 percent over the decade.“The Long Island City ZIP area had the most expensive transactions and a median change of $285,000,” the report stated. The priciest sale in the borough was a unit at 509 48th Avenue, which changed hands for almost $2 million in 2017. That’s 70 percent more than the property sold for in 2008.The only borough to see values drop was Bronx. While median prices there did rise 4 percent over the decade (from $190,000 to $197,000), inflation over the decade effectively translated to an 11 percent drop in prices, the report found. The Week Ahead: Nearing the Forbearance Exit 2 days ago May 14, 2018 1,535 Views  Print This Post About Author: Scott Morgan The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribelast_img read more

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OCC Shines Light on Outstanding Mortgage Debt

first_imgSign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Delinquency Foreclosure Interest Rate Loan Modifications loans mortgage OCC Performance Servicers Servicing 2019-03-25 Radhika Ojha Subscribe Tagged with: Delinquency Foreclosure Interest Rate Loan Modifications loans mortgage OCC Performance Servicers Servicing Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save About Author: Radhika Ojha The Best Markets For Residential Property Investors 2 days ago OCC Shines Light on Outstanding Mortgage Debt Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Banks serviced approximately 16.9 million first-lien mortgages by the end of December 2018, according to the Q4 Mortgage Portfolio and Performance report published by the Office of the Comptroller of Currency (OCC).The $3.22 trillion in unpaid balances serviced by the banks during the last quarter, the OCC reported, made up 31 percent of all outstanding mortgage debt in the United States. The report indicated that the overall mortgage performance across the country improved on an annual basis, with the percentage of mortgages that were current and performing at the end of the fourth quarter of 2018 at 95.8 percent compared with 94.5 percent the previous year.While the fourth quarter saw an uptick in foreclosures, with servicers initiating 29,515 new foreclosures marking a 3.5 percent increase over the previous quarter. However, new foreclosures declined 14.5 percent from a year earlier. Home forfeiture actions during the quarter—completed foreclosure sales, short sales, and deed-in-lieu-of-foreclosure actions—also decreased 20.9 percent from a year earlier to 14,520.The report indicated a 21.2 percent decrease in loan modifications over the previous year with servicers completing 20,256 loan mods during the quarter. Of these, 17,487, or 86 percent, “were combination modifications—modifications that included multiple actions affecting affordability and sustainability of the loan, such as an interest rate reduction and a term extension. Of the remaining “2,636 loan modifications received a single action and 133 modifications were not assigned a modification type.Breaking down the combined modifications, the report indicated that 97.2 percent of these mods included capitalization of delinquent interest and fees, 38.3 percent included an interest rate reduction or freeze, 96.3 percent included a term extension, 1.2 percent included principal reduction, and 13.9 percent included principal deferral.The OCC said that the second quarter of 2018 is the first quarter for which all loans modified during that quarter could have aged at least six months by December 31, 2018. As a result, of the 32,655 modifications that were completed during the second quarter of 2018, “servicers reported that 4,169, or 12.76 percent, were 60 or more days past due or in the process of foreclosure at the end of the month that they became six months old.”Click here to read the full report. Previous: Industry Veteran to Assume General Counsel Role at Fannie Mae Next: The Inverted Yield Curve—A Recessionary Red Flag? Home / Daily Dose / OCC Shines Light on Outstanding Mortgage Debt Data Provider Black Knight to Acquire Top of Mind 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. The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Foreclosure, News Servicers Navigate the Post-Pandemic World 2 days ago March 25, 2019 1,056 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days agolast_img read more

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Industry Veteran of 35 Years Announces Retirement

first_imgHome / Daily Dose / Industry Veteran of 35 Years Announces Retirement The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Counsel’s Corner: Challenges and Changes in Servicing Next: Politics, Housing, and its Impact on Foreign Buyers Sign up for DS News Daily  Print This Post Demand Propels Home Prices Upward 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago After more than 12 years of service, ProVest CRO Victor Draper has announced he will be stepping down, DS News has learned. Draper has spent more than 35 years in the mortgage default industry and says he will continue to support the sector in retirement. Draper recently spoke to DS News about his career, discussing his accomplishments, most important lessons learned, and how the industry has changed over the years.In a statement, Draper said, “After more than 35 years in the mortgage default industry, I am excited to see what the next chapter in life may hold. I am looking forward to spending quality time with my wife, Deanna, my four children, and my granddaughter.”Draper credits one of his most significant accomplishments as “putting together a team of people with different thoughts and ideas and watching them collaborate, respect, and learn from their differences and accomplish great things.”Prior to his time at ProVest, Draper operated Universal Default Services (UDS), a New York-based process-service and skip-tracing firm that was acquired by ProVest in January 2007. Before that, he led the default services department at Countrywide Financial Corporation. According to Draper, his time at ProVest strongly benefited from the lessons he learned earlier in his career, working in default servicing.“Understanding the entire life cycle of a mortgage default allowed me to zone in and focus on a specific and critical process within that cycle,” Draper said. “Every day a loan is in default creates a greater risk and increases potential loss. I knew that performing the service of process and skip-tracing with the utmost speed and quality would be paramount to minimizing that risk and loss.”Draper looked back on several momentous changes during his time in the industry, most notably, in the area of collaboration.“I am thankful for the enhanced collaboration between servicers, law firms, and vendors in recent years,” Draper told DS News. “Not just across these lines but also within each sector. Law firms are collaborating with other law firms on how to best represent the industry and their collective clients. While there is still aggressive competition, the spirit of cooperation is now the best I have ever witnessed.”“Victor Draper has committed more than three decades of his life to serving the mortgage industry and the American homeowner,” said Ed Delgado, President & CEO, Five Star Global. “He leaves the industry better and stronger than he found it, and I congratulate him for a noteworthy career and wish him the best in his future endeavors.” The Week Ahead: Nearing the Forbearance Exit 2 days ago Industry Veteran of 35 Years Announces Retirement About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img July 17, 2019 2,303 Views Servicers Navigate the Post-Pandemic World 2 days ago ProVest Victor Draper 2019-07-17 Seth Welborn Tagged with: ProVest Victor Draper Related Articles 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. 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 in Daily Dose, Featured, Loss Mitigation, News The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

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Measuring Rents With Single-Family Demand

first_img Measuring Rents With Single-Family Demand About Author: Seth Welborn Share Save  Print This Post Home / Daily Dose / Measuring Rents With Single-Family Demand Tagged with: Investment Rent September’s National Association of Homebuilders (NAHB) September 2019 Real Rent Index increased 0.2% over August’s reading after essentially no growth between June and August, NAHB reports. NAHB constructs a “real” rent index to indicate whether inflation in rents is faster or slower than overall inflation, providing insight into the supply and demand conditions for rental housing. A previous NAHB post shows that the Consumer Price Index (CPI) in September was flat from August on a seasonally adjusted basis, and “core” CPI rose by 0.1 percent during the same period.Single-family rents are making up a larger portion of rents. According to the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were 11,000 single-family built-for-rent starts for Q2 2019. According to a post on the NAHB’s Best in American Living blog, renting by choice–instead of owning outright–is becoming increasingly popular among millennials.The blog said that this was where newly constructed built for-rent single-family homes came into the picture. These homes, according to the blog, present millennials “with a terrific opportunity to live the American dream–without the additional responsibilities and stress of homeownership.”The blog indicated that one of the key reasons for the rise of these built-for-rent homes was diminishing affordability.The post, written by BSB Design, said that transitioning from a multifamily property to a single-family home was a “move-up” solution for families that desired “to have the flexibility to travel, live a low maintenance lifestyle, or avoid financial burdens.”Another recent NAHB study indicated that renting was more popular in some cities than others. The study, which examined the type of rental structures people live in and their spatial distribution said that the number of renters expanded to reach 34% of the population between 2007 and 2017. The share was at 30% in 2007.The reasons, the NAHB study said was the disruption of home construction during the Great Recession and the more recent declining affordability to own homes. In fact, single-family rentals or detached rentals accounted for 40% of all the rental stock between 2007 and 2017 more than any other structure type. The Southeast and the West, the study indicated, had the highest concentration of renters, especially for single-family homes according to data from the 2017 American Community Survey. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Investment Rent 2019-10-11 Seth Welborn Demand Propels Home Prices Upward 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago October 11, 2019 979 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Previous: Federal Reserve Board Finalizes Risk Profile Rules for Banks Next: What’s Behind Racial Disparities in Homeownership? in Daily Dose, Featured, Investment, News Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

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DS5: How Law Firms Are Assisting With Loss Mitigation

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Share Save DS5 2020-04-01 Mike Albanese Home / Daily Dose / DS5: How Law Firms Are Assisting With Loss Mitigation The newest edition of DS5: Inside the Industry includes insights from two of the leading subject-matter experts from the housing and mortgage industries. Included in this episode are Dave Worrall, President, LoanCare, a ServiceLink Company and Mike Sullivan, Director of Marketing and Client Relations, Codilis and Associates PC. Sullivan, an expert in foreclosure, bankruptcy, and REO processes, will discuss how law firms are preparing to help with loss mitigation efforts and why law firms are uniquely positioned to assist servicers in this environment. Worrall, who worked previously in the National Servicing Organization at Fannie Mae shares his insights into what he learned during the previous housing crisis more than a decade ago and what policies servicers should be re-examining during these uncertain times. To see the previous episode with John Vella, Chief Revenue Officer, Altisource Portfolio Solutions and the first part of our conversation with Worrall, following this link. You can watch the full episode here or via the embed below. The Best Markets For Residential Property Investors 2 days ago Previous: Mark Calabria Urges Borrowers to ‘Be Honest’ Next: HUD Announces Additional Homeowner Relief Measures Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily About Author: Mike Albanese 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. DS5: How Law Firms Are Assisting With Loss Mitigation Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, News, Webcasts The Best Markets For Residential Property Investors 2 days ago Subscribe Related Articles Demand Propels Home Prices Upward 2 days ago April 1, 2020 1,735 Views Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: DS5 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

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Mc Hugh says incoming minister must examine plight of sub contractors

first_img Mc Hugh says incoming minister must examine plight of sub contractors Donegal North East TD Joe Mc Hugh says as soon as a new Health Minister is appointed on Wednesday, he’ll be calling on him or her to ensure that questions are addressed relating to sub contractors who are owed money in respect of work done at the extension to Letterkenny General Hospital.Since Mc Namara Construction went into receivership last year, some sub contractors have been left unpaid.Deputy Mc Hugh says that there is 1.3 million euro in HSE coffers which has not yet been released. He says there may be some leeway in how this money is spent, and he wants the incoming minister to look into that as quickly as possible…………[podcast]http://www.highlandradio.com/wp-content/uploads/2011/03/mchug1pm.mp3[/podcast] Almost 10,000 appointments cancelled in Saolta Hospital Group this week Google+ Twitter Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Previous articleGAA – Derry Hold On To Lift McKenna CupNext articleMayor may call special meeting to discuss council disruption News Highland RELATED ARTICLESMORE FROM AUTHOR Facebook Facebook Pinterestcenter_img WhatsApp Three factors driving Donegal housing market – Robinson WhatsApp Guidelines for reopening of hospitality sector published Twitter Calls for maternity restrictions to be lifted at LUH Pinterest By News Highland – March 7, 2011 Newsx Adverts Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

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