Non-Foreclosure Solutions Still Total Nearly Half a Million in Q3 Despite Yearly Dropoff

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Deeds in Lieu of Foreclosure HOPE NOW Alliance Non-foreclosure solutions Permanent Loan Modifications Short Sales 2014-11-20 Brian Honea November 20, 2014 1,009 Views Share Save Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles 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. Previous: FHFA Director Outlines GSEs’ Strategic Objectives Before Senate Banking Committee Next: Financial Institutions Account for Much of DOJ’s Record $24.7 Billion in Fines Collected in FY 2014  Print This Postcenter_img The number of U.S. homeowners who received non-foreclosure solutions in the third quarter of 2014 totaled approximately 468,000 despite seeing large year-over-year declines in every category of non-foreclosure solutions, according to data released this week by the HOPE NOW Alliance.Overall, foreclosure completions saw a significant decline in the third quarter. About 108,000 foreclosure sales were completed during Q3, which is the lowest total for any quarter since HOPE NOW began tracking the data in 2007. The number of foreclosure sales in Q3 represented a decline of 6 percent (115,000) from the previous quarter and 36 percent (166,000) from the same period in 2013.Non-foreclosure solutions, which include permanent loan modifications, short sales, repayment plans, deeds-in-lieu of foreclosure, and other retention plans, declined by 19 percent from Q3 2013 to Q3 2014 (579,000 compared to 468,000), according to HOPE NOW. Despite the decline, non-foreclosure solutions still totaled more than four times that of foreclosure completions (108,000) in Q3, just as they did in the second quarter. Also despite the large year-over-year drop, the number of non-foreclosure solutions increased by 11 percent from the second quarter of 2014 to the third quarter (421,000 up to 468,000).Foreclosure starts plummeted by 27 percent year-over-year in the third quarter, down to 212,000 from 290,000, according to HOPE NOW. Quarter-over-quarter, however, foreclosure starts jumped 6 percent from Q2 to Q3 (200,000 up to 212,000)About 109,000 homeowners received loan modifications in the third quarter, a decline of about 6 percent from the previous quarter and 40 percent from the same period a year ago. About 79,000 of the homeowners who received loan mods in Q3 obtained proprietary loan mods and slightly more than 29,000 of them received loan mods under the government’s Home Affordable Modification Program (HAMP), according to HOPE NOW.Short sales, which are sales of the properties for less than the balance of debts secured by liens against the properties, totaled 30,000 in Q3, a decline of 9 percent (33,000) from the previous quarter and 56 percent from Q3 2013 (68,000), according to HOPE NOW. The number of deeds-in-lieu of foreclosure was reported at 7,000 for Q3, which was a drop of about 7 percent from Q2 (7,500) and 4 percent from Q3 2013 (7,300).Mortgage loans that were 60 or more days delinquent declined 10 percent year-over-year in Q3, from 2.11 million down to 1.89 million, according to HOPE NOW.”While the third quarter did show declines across the board in mortgage solutions, it is important to note that foreclosure sales and serious delinquencies have declined accordingly,” said Eric Selk, executive director of HOPE NOW. “The delinquency trends, quarter over quarter, show a steady improvement in the national market and point towards housing stabilization.”As part of an ongoing community stabilization effort that includes providing assistance to homeowners struggling with their mortgage loans, HOPE NOW has scheduled an outreach meeting for December 6 in the Tacoma, Washington, area that will be attended by Congressman Denny Heck. A large number of military homeowners are expected to attend due to the close proximity (about 15 miles) of Tacoma to Joint Base Lewis-McChord.”As we head into 2015, we will be targeting markets for outreach based on the delinquent portfolios of our members,” Selk said. “The need for partnership between our members and local non-profits, community leaders and others is paramount to our efforts in reaching at-risk families. We will also continue to make outreach to service members a high priority.” Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Deeds in Lieu of Foreclosure HOPE NOW Alliance Non-foreclosure solutions Permanent Loan Modifications Short Sales The Week Ahead: Nearing the Forbearance Exit 2 days ago Non-Foreclosure Solutions Still Total Nearly Half a Million in Q3 Despite Yearly Dropoff in Daily Dose, Featured, Loss Mitigation, News Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Brian Honea Home / Daily Dose / Non-Foreclosure Solutions Still Total Nearly Half a Million in Q3 Despite Yearly Dropoff Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

What is Driving the GSE Default Rate Down?

first_imgHome / Daily Dose / What is Driving the GSE Default Rate Down? Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The credit quality of loans purchased by both Fannie Mae and Freddie Mac has greatly improved since 2008, thus leading to cumulative defaults for both GSEs on a pace to fall below pre-2003 levels, according to data released by the Urban Institute.The composition of loans purchased by both GSEs has shifted toward higher FICO scores; for loans purchased by Fannie Mae, 69.2 percent of loans originated from 2011 to early 2015 were to borrowers with FICO scores higher than 750. For loans originated at the height of the housing bubble in 2007, the share purchased by Fannie Mae featuring 750-or-higher FICO borrowers was only 40.7 percent. From 1999 to 2004, it was even lower, at 36.7 percent.Freddie Mac has experienced similar trends with the single-family residential loans it has purchased since 2008. About 64.8 percent of loans purchased by Freddie Mac that were originated between 2011 and 2015 with 750-or-higher FICO borrowers. That share shrank to 38.9 percent for loans originated in 207 and 33.3 percent for loans originated from 1999 to 2004.“While the composition of Fannie Mae and Freddie Mac loans originated in 2007 was similar to that of 2004 and earlier vintage years, 2007 loans experienced a much higher default rate due to the sharp drop in home values in the recession,” the report stated. “Originations from 2009 and later have pristine credit characteristics and a more favorable home price environment, contributing to very low default rates.”The result has been much lower rates of default on GSE-backed loans in the last seven years. For loans guaranteed by Fannie Mae and Freddie Mac with 1999 to 2003 vintages, the cumulative default rate was only 2 percent as of the end of March 2016, according to the Urban Institute. Conversely, the cumulative default rate on loans backed by the GSEs that were originated in 2007 was about 13 percent.The cumulative default rate for both is on pace to fall below 2003 levels, according the Urban Institute. That rate for Fannie Mae-backed loans originated from 2009-10 is 0.76 percent, while the rate on loans originated from 2011 to the first quarter of 2015 is only 0.17 percent, compared to 0.77 percent on GSE-backed loans originated from 1999 to 2003.For Freddie Mac, the cumulative default rate on loans insured by Freddie Mac that were originated from 2009-10 is 0.71 percent, while the rate is 0.10 percent for loans originated from 2011 to Q1 2015. For loans originated from 1999 to 2003, the cumulative default rate is 0.73, according to Urban Institute. Sign up for DS News Daily What is Driving the GSE Default Rate Down? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Fannie Mae Freddie Mac Mortgage Defaults  Print This Post Previous: A2Z Field Services Welcomes New Director of Sales Next: Congressional Grants to Aid More Struggling Borrowers About Author: Brian Honeacenter_img Subscribe Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Fannie Mae Freddie Mac Mortgage Defaults 2016-05-31 Brian Honea The Best Markets For Residential Property Investors 2 days ago May 31, 2016 3,689 Views in Daily Dose, Featured, News, Secondary Market Servicers Navigate the Post-Pandemic World 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Simplifile Adds 21 Southern Jurisdictions to E-Recording Network

first_img  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Simplifile Adds 21 Southern Jurisdictions to E-Recording Network Sign up for DS News Daily July 5, 2017 1,110 Views Related Articles e-recording Simplifile 2017-07-05 Joey Pizzolato in Featured, News, Technology Tagged with: e-recording Simplifile The Week Ahead: Nearing the Forbearance Exit 2 days ago 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] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Previous: Guaranteed Rate Adopts Automated Asset Verification from AccountChek Next: Banishing Blight: Officials, Experts, and Lawmakers Meet for Roundtable Simplifile has extended its industry-leading e-recording network to include 21 additional recording jurisdictions across the southern United States.“E-recording is becoming the preferred way to do business as more settlement professionals and recording jurisdictions recognize its abundant time- and cost-saving benefits,” said Paul Clifford, President of Simplifile. “With the addition of these 21 new counties and parishes, Simplifile continues our efforts to expand the availability of e-recording in the South and nationwide for the benefit of consumers, lenders, settlement agents, and counties.”The new jurisdictions are:Columbia County, Arkansas.Jackson County. Arkansas.Pope County, Arkansas.Camden County, Georgia.Fulton County, Georgia.Glascock County, Georgia.Jasper County, Georgia.Oglethorpe County, Georgia.Tift County, Georgia.Wayne County, Georgia.Iberville Parish, Luisiana.St. Charles Parish, Luisiana.St. Martin Parish, Luisiana.St. Tammany Parish, Luisiana.Tangipahoa Parish, Luisiana.West Baton Rouge Parish, Luisiana.West Feliciana Parish, Luisiana.Swain County, North Carolina.Calhoun County, TexasRoanoke City, Virginia.Suffolk City, Virginia.Settlement agents in these jurisdictions can now electronically submit documents directly to the county recording office via Simplifile’s secure e-recording service. Within minutes, county recorders can review, stamp, record, and return documents electronically through the Simplifile system. The secure platform also reduces errors and eliminates check-writing costs by allowing settlement agents to electronically pay recording fees and other associated expenses.Throughout the U.S., more than 1,629 county recording offices now electronically record deeds, mortgages, and other documents using Simplifile. For a current list of all jurisdictions within the Simplifile e-recording network, visit https://simplifile.com/e-recording-counties/. About Author: Joey Pizzolato Is Rise in Forbearance Volume Cause for Concern? 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Featured / Simplifile Adds 21 Southern Jurisdictions to E-Recording Networklast_img read more

How Many American Households Struggle to Meet Basic Needs?

first_img Servicers Navigate the Post-Pandemic World 2 days ago May 28, 2018 2,835 Views ALICE Project Cost of living Home Prices Poverty United Way 2018-05-28 Krista Franks Brock Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Best Markets For Residential Property Investors 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. Unemployment is low, and economic headlines are mostly positive, but a substantial percentage of American households struggle to meet their basic needs, according to new data from the United Way. There are 16.1 million households living in poverty in the United States. More than twice that number earn “less than what it takes to survive in the modern economy,” according to the United Way ALICE Project.  Dubbed ALICE—Asset Limited, Income Constrained, Employed—by the United Way, these households are “one emergency from poverty.” They are above the Federal Poverty Line but are unable to meet the basic needs of housing, food, healthcare, childcare, and transportation. There are 34.7 million ALICE families in the U.S. Together with those counted as living in poverty, that’s 50.8 million households who struggle to meet their basic needs.“Despite seemingly positive economic signs, the ALICE data shows that financial hardship is still a pervasive problem,” said Stephanie Hoopes, Ph.D., ALICE Project Director, who leads data analysis. While the Federal Poverty Line relies on national averages, the ALICE Project reviews county-level data across the nation to determine the earnings necessary to meet the costs of basic living needs in that county. Households that fall below the “ALICE Threshold” account for 43 percent of American households. ALICE persists across all regions of the nation and among all ages, races, and ethnicities. The three most common jobs for individuals falling into the ALICE category are retail sales, cashiers, and food preparers. Median earnings for these three jobs are below $13.07 per hour. Other jobs common among ALICE earners are office clerks, nurses, customer service representatives, elementary school teachers, and maintenance and repair workers. More than two-thirds of U.S. jobs pay less than $20 per hour, according to ALICE Project data, and “the dominance of low-paying jobs shows no signs of slowing down.” More than 30 percent of households in each state fall below the ALICE-defined “basic survival budget.” North Dakota has the lowest share of households unable to meet basic needs at 32 percent. The highest share was recorded in California, New Mexico, and Hawaii, at 49 percent. “One of the most difficult conditions that most ALICE households face is the high cost of housing,” according to the United Way ALICE Project. The ALICE Project identified a “mismatch between the number of households with income below the ALICE Threshold and the number of housing units that they can afford in a given county.” While markets generally adapt to what consumers are able and willing to pay, the United Way said, “there are many constraints on the housing market that prevent it from adjusting quickly.” Some of those constraints include zoning regulations, land availability, and construction costs, according to the ALICE Project. The ALICE Project was initiated by the United Way of Northern New Jersey at the start of the Great Recession with a mission of redefining financial hardship in the United States with more comprehensive and more precise data. The project aims to inform policy for government, business, and nonprofit organizations. “For too long, the magnitude of financial instability in this country has been understated and obscured by misleading averages and outdated poverty calculations,” said John Franklin, President of the ALICE Project and CEO of United Way of Northern New Jersey. He called it “morally unacceptable and economically unsuitable” for the nation to allow such a high percentage of its working residents to live “paycheck to paycheck.” “We are all paying a price when ALICE families can’t pay the bills,” he said. Home / Daily Dose / How Many American Households Struggle to Meet Basic Needs? Share Save Related Articles in Daily Dose, Featured, Journal, Market Studies, News About Author: Krista Franks Brock How Many American Households Struggle to Meet Basic Needs?center_img The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: ALICE Project Cost of living Home Prices Poverty United Way Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: What a Million Dollars Buys in the Housing Market Next: The Industry Pulse: Updates on Roundpoint, CoreLogic, and More Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 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

Why Did Mortgage Delinquencies Rise?

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Why Did Mortgage Delinquencies Rise? in Daily Dose, Featured, Foreclosure, News Home / Daily Dose / Why Did Mortgage Delinquencies Rise? Data Provider Black Knight to Acquire Top of Mind 2 days ago Black Knight default Delinquencies Foreclosure mortgage non-current Prepayments Refinance 2019-07-23 Radhika Ojha  Print This Post Servicers Navigate the Post-Pandemic World 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 Sign up for DS News Daily July 23, 2019 2,772 Views center_img Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago June signals the end of the first half of the year. It is also a time when the market observes a spike in delinquencies. This year was no different, according to Black Knight’s First Look report.The report indicated that seasonal typical rises in mortgage delinquencies, combined with June 2019 ending on a Sunday, pushed the national delinquency rate up nearly 11% from May 2019’s all-time low. June also saw prepayment activity dipping for the first time in five months. In fact, prepayments fell 7.5% month-over-month during this period.Year-over-year, however, mortgage delinquencies continued their downward decline. The report revealed that serious delinquencies or loans that are 90 or more days past due, but not yet in active foreclosure fell to their lowest level in 12 years. The total delinquency rate for loans that are 30 days past due but not in active foreclosure fell 20% year-over-year.The overall non-current inventory saw a spike in June compared with May 2019, as did the total foreclosure starts which rose 2.82%. Though foreclosure starts and the number of loans in active foreclosure rose modestly in June, they were down year-over-year.The number of properties that were 30 or more days past due but not in active foreclosure also rose in June and saw an annual spike as well. The report indicated that such properties rose month-over-month to 1.95 million from 1.9 million in May. June 2019 saw a spike of 25,000 such properties compared to the same period last year.Mississippi led the states that had the maximum non-current mortgages. Around 10.7% of the state’s properties were non-current in June recording an 11.03% year-over-year change. At around 8% of its total properties in the non-current zone, Louisiana was second on this list. Alabama (7.1%), West Virginia (6.8%), and Arkansas (6.2%) rounded off this list.Colorado saw the least number of non-current mortgages in June, the report indicated. Around 1.9% of the state’s housing was non-current. Oregon (2.09%), Washington (2.1%), Idaho (2.2%) and California (2.2) rounded off the bottom five states by non-current percentage. Share Save Demand Propels Home Prices Upward 2 days ago Related Articles Tagged with: Black Knight default Delinquencies Foreclosure mortgage non-current Prepayments Refinance 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 Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Servicing Success, One Step at a Time Next: Reforming the National Flood Insurance Program Subscribelast_img read more

Fannie Mae Report Details Housing’s ‘V-Shaped’ Recovery

first_img About Author: Christina Hughes Babb Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Market Studies, News September 21, 2020 2,064 Views Fannie Mae Report Details Housing’s ‘V-Shaped’ Recovery Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Share Save Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 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. Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Fannie Mae’s latest Economic & Housing Outlook reported that the GSE’s economics team expects Q3 real gross domestic product (GDP) to grow at an annualized pace of 30.4%. This represents an increase from Fannie’s August forecast of 27.2%. For the full year of 2020, the report projects a 2.6% contraction—representing an improvement over last month’s forecast of a 3.1% decline.”While the pace of economic growth has clearly slowed relative to May and June, recent data point to a continued recovery,” Fannie reported. “Real personal consumption expenditures (PCE) posted the third straight month of gains in July, rising 1.6%, though this represented a deceleration from 5.7% in June.”Fannie Mae’s previous forecast anticipated that the July gain in PCE would be followed by an August pause in August “as the enhanced unemployment benefits expired, before growth resumed later in the year.” However, this latest Economic & Housing Outlook finds that “recent data suggest continued growth in consumer spending over the month. Auto sales, an early indicator of PCE, posted another solid gain in August, rising 4.5%, and credit and debit card transactions data points to increasing spending as well.”Analyzing recent measures of capital goods shipments and construction activity, the Fannie Mae report suggests that both business and housing investments “will grow at a faster pace in the third quarter than we previously forecast.” Fannie adds, “This expected stronger growth in Q3 indicates a smaller remaining recovery gap.”Combined with an “updated assumption” that no additional stimulus legislation will be passed prior to the elections, Fannie said it “downgraded its GDP growth estimate for the fourth quarter to 6.2% annualized from our prior forecast of 8.7%.”The report predicted that, into 2021, “behavioral adaptations to the coronavirus will be a factor,” limiting the future pace of recovery in some sectors (such as hospitality, travel, and other industries affected by social distancing).The report proceeded to outline ways in which the housing data over the past month continued to “show a strong V-shape rebound, helping drive the broader economy.”Data and analysis showed that risks to the forecast “remain elevated.”As COVID-19 cases in the U.S. continue to trend downward, Fannie Mae notes that “if and when vaccines become widely available and utilized will likely affect the path of future consumer behavior. Additionally, uncertainty surrounding fiscal and other policies remains high as the election approaches.”The study further details anticipated risks related to the labor market, housing supply, as well as refinance and mortgage rates. The entire study can be accessed here.  Print This Post Previous: Announcing Laurie A. Maggiano Legacy Award Finalists Next: CDC-Issued Eviction/Foreclosure Moratorium Targeted by Lawsuits The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Fannie Mae Report Details Housing’s ‘V-Shaped’ Recovery 2020-09-21 Christina Hughes Babblast_img read more

Fannie Mae: Consumer Confidence is Up

first_imgHome / Daily Dose / Fannie Mae: Consumer Confidence is Up Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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. Servicers Navigate the Post-Pandemic World 2 days ago Fannie Mae: Consumer Confidence is Up Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Consumer Confidence Fannie Mae HPSI 2021-02-08 Christina Hughes Babb About Author: Christina Hughes Babb  Print This Post Demand Propels Home Prices Upward 2 days ago Share Savecenter_img Sign up for DS News Daily Previous: Stern & Eisenberg Welcomes Arsenio Rodriguez Next: 1.2 Million Mortgagers Fear Losing Their Homes Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Tagged with: Consumer Confidence Fannie Mae HPSI The Best Markets For Residential Property Investors 2 days ago During the first month of 2021, consumers reported a significantly more positive view of home-selling conditions over the previous month — that component of the Fannie Mae Home Purchase Sentiment Index (HPSI) jumped 16 percentage points on net. The other five components remained relatively flat. Year over year, the HPSI is down 15.3 points.According to the month’s HPSI, the rise can be attributed to net increases in four components this month: selling conditions, change in household income, buying conditions, and job loss concern. Two components decreased: home price outlook and mortgage rate outlook.Some more key indicators from the January report include:The net share of consumers who say it is a good time to buy rose 2 percentage points after falling for the past two months.The net share of consumers who say home prices will go up fell by 1 percentage point, continuing the decline seen last month.The net share of those who say mortgage rates will go down over the next 12 months fell 1 percentage point to -36%The net share of employed consumers who say they are not concerned about losing their job rose by 1 percentage point, ending the decline seen for the last three months.The net share of those who say their household income is significantly higher than it was 12 months ago rose by 5 percentage points in January, reversing last month’s decrease.The share of consumers who say they would buy a home if they were going to move rose 8 percentage points to 70%. The share who say they would rent fell 5 percentage points to 25%.“The HPSI experienced a modest uptick in January, reversing much of December’s decline,” said Doug Duncan, Fannie Mae SVP and Chief Economist. “Interestingly, lower-income and renter groups were more optimistic this past month across nearly all of the sentiment index’s components. We will pay close attention to see if this newfound optimism develops into a trend, which could indicate either that some demographics who have been more negatively impacted by the pandemic may be starting to feel the economic recovery or that this is a response to the additional stimulus enacted in December.”“Overall, the index’s monthly increase was driven largely by a substantial jump in the share of consumers reporting that it’s a good time to sell a home, with many citing favorable mortgage rates, high home prices, and low housing inventory as their primary rationale. Among owners and higher-income groups, however, the other five components of the index remained relatively flat or slightly negative, suggesting to us that some consumers are waiting to gauge the effectiveness of any new fiscal policies and vaccination distribution programs on both housing and the larger economy.” Data Provider Black Knight to Acquire Top of Mind 2 days ago February 8, 2021 13,040 Views last_img read more

Road works between Drimnaraw and Tirlin to commence before year end

first_imgNews LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton By News Highland – July 16, 2011 Twitter Three factors driving Donegal housing market – Robinson RELATED ARTICLESMORE FROM AUTHOR Calls for maternity restrictions to be lifted at LUH WhatsApp Twitter Facebook Google+ WhatsAppcenter_img Pinterest Pinterest Google+ Road works between Drimnaraw and Tirlin to commence before year end Guidelines for reopening of hospitality sector published It has been confirmed that the much needed road works between Drimnaraw and Tirlin in the west of the county  will commence before the year end.Cllr Seamus O’Domhanill had earlier met NRA officials where it was confirmed an allocation of €1.6 million was secured  to complete all outstanding works along the stretch..He says the money will allow for re-alignment works improving the safety of road users:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/07/seamus.mp3[/podcast] Facebook Previous article19 year old man charged with Derry rapeNext articleTraffic garda caught €3,500 pub robbers who gave wrong details News Highland Almost 10,000 appointments cancelled in Saolta Hospital Group this week Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

Further overnight restrictions to water supplies

first_img Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Further overnight restrictions to water supplies By News Highland – June 24, 2010 Newsx Adverts Google+ Previous articleDail passes lower drink driving limitsNext articleMan denies Garda Robbie McCallion manslaughter charge News Highland Facebook Twitter Donegal County Council has again warned that water supplies will be subject to overnight restrictions while shortages persist.Last night, there were disruptions to a number of areas served by the Lough Mourne scheme, particularly the Twin Towns, Gleneely, Tievebrack, Ballinacorr, Raphoe, Lifford and Liscooley.The whole of the area served by the Greencastle Water Supply was also affected.The council is repeating its appeal to people to conserve water where possible. WhatsApp Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton center_img Pinterest Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week RELATED ARTICLESMORE FROM AUTHOR Guidelines for reopening of hospitality sector published Twitter Need for issues with Mica redress scheme to be addressed raised in Seanad also Pinterest Calls for maternity restrictions to be lifted at LUH WhatsApplast_img read more

HSE to launch Donegal ‘green gyms’

first_imgNews HSE to launch Donegal ‘green gyms’ WhatsApp Previous articleCabinet reshuffle could compromise Coughlan’s positionNext articlePriest facing Donegal rape charge launches another legal challenge in the US News Highland 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Twitter Minister McConalogue says he is working to improve fishing quota WhatsApp Man arrested in Derry on suspicion of drugs and criminal property offences released By News Highland – February 20, 2010 Pinterest Google+center_img Facebook The HSE will introduce a new initiative in Donegal intended to help people get fit through gardening.’Green Gyms’ will be established in Downings, Moville, Castlefin, Ballybofey, Falcarragh and Donegal Town next month, with people being helped to grow and maintain crops.This, the HSE says, will promote healthy living in two ways ; by providing exercise through gardening, and also by urging people to eat the vegetables they produce.The HSE says as well as the physical health benefits, the initiative will also benefit peoples’ mental health Pinterest RELATED ARTICLESMORE FROM AUTHOR Dail to vote later on extending emergency Covid powers Facebook Twitter Dail hears questions over design, funding and operation of Mica redress scheme Google+ Need for issues with Mica redress scheme to be addressed raised in Seanad also last_img read more