DS News Webcast: Wednesday 1/15/2014

first_img About Author: DSNews in Featured, Media, Webcasts Servicers Navigate the Post-Pandemic World 2 days ago January 15, 2014 480 Views Demand Propels Home Prices Upward 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Former First Franklin CEO Tapped by Private Money Lender Next: BofA Posts $3.4B Fourth-Quarter Profit The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Share Save Home / Featured / DS News Webcast: Wednesday 1/15/2014 DS News Webcast: Wednesday 1/15/2014 Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 2014-01-15 DSNews Subscribelast_img read more

Fannie Mae’s Gross Mortgage Portfolio Sees More Substantial Contraction

first_img Fannie Mae’s Gross Mortgage Portfolio Sees More Substantial Contraction Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Book of Business Fannie Mae Gross Mortgage Portfolio Monthly Volume Summary Serious Delinquency Rate 2015-10-30 Brian Honea Previous: LRES Hires New Regional VP of Sales and Names New VP of Homeowner Association Services Next: Foreclosure Inventory Still More Than Double ‘Normal’ Level 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. Related Articles Tagged with: Book of Business Fannie Mae Gross Mortgage Portfolio Monthly Volume Summary Serious Delinquency Rate Home / Daily Dose / Fannie Mae’s Gross Mortgage Portfolio Sees More Substantial Contraction About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News, Secondary Market Fannie Mae’s gross mortgage portfolio contracted at a compound annualized rate of 21.3 percent in September, marking the sixth consecutive month of contraction and the seventh in nine months in 2015, according to Fannie Mae’s September 2015 Monthly Volume Summary released Wednesday.Over the month, the value of the gross mortgage portfolio declined by more than $7.5 billion, from $377.9 billion in August down to $370.4 billion in September. The portfolio expanded in January and March of 2015 at rates of 3.5 percent and 7.8 percent, respectively, but has contracted in every other month this year. The minimum rate of contraction for one month in 2015 was 13.8 percent reached in June. Overall, the portfolio has contracted at an annualized rate of 13.6 percent for the first nine months of 2015.The gross mortgage portfolio has seen expansion in only three months out of the last 63 since June 2010 (March 2015, January 2015, and December 2012). At the beginning of that stretch in June 2010, the portfolio’s value was $818 billion. At the start of 2015, the portfolio’s value was $414.8 billion.Despite the contraction of the gross mortgage portfolio, Fannie Mae’s Book of Business expanded at a compound annualized rate of 0.9 percent in September, only the third time in nine months this year it has done so. The Book of Business has contracted at an average compound annualized rate of 0.9 percent for the first nine months of 2015. At the end of September, the Book of Business was valued at $3.103 trillion after the expansion. The total value of Fannie Mae’s mortgage-backed securities and other guarantees for September was $2.818 trillion, an increase from August’s total of $2.811 trillion.The serious delinquency rate on single-family mortgage loans backed by Fannie Mae is still well below its pre-crisis levels after declining by three basis points in September  down to 1.59 percent. The serious delinquency rate on Fannie Mae-backed single-family mortgage loans has declined every quarter since Q1 2010. At 1.59 percent, it is less than half of the national average of 3.5 percent reported by CoreLogic for August.The number of loan modifications completed by Fannie Mae was down slightly, from 7,245 in August down to 7,064 in September. Year-to-date as of the end of September, Fannie Mae has completed 75,113 loan mods, an average of 8,345 per month. Fannie Mae completed an average of 10,235 loan mods per month for the full year of 2014. Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago October 30, 2015 1,088 Views Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Foreclosure Inventory Plummets to Eight-Year Low

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Foreclosure, News About Author: Brian Honea The Best Markets For Residential Property Investors 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Foreclosure Inventory Plummets to Eight-Year Low Servicers Navigate the Post-Pandemic World 2 days ago Previous: DS News Webcast: Monday 11/23/2015 Next: TRID Questions Answered Foreclosure Inventory Plummets to Eight-Year Low Servicers Navigate the Post-Pandemic World 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 As a further sign of housing metrics returning to their “normal” levels, the percentage of residential homes in the foreclosure process took tumbled down to their lowest level in eight years, according to Black Knight Financial Services’ First Look at Mortgage Data for October 2015 released on Monday.At the end of October, approximately 721,000 residential homes across the country were in the process of foreclosure, which was a decline of 16,000 month-over-month (2.3 percent) and 191,000 year-over-year (21 percent), according to Black Knight. It is the lowest rate for foreclosure inventory since December 2007, immediately prior to the onset of the housing crisis. The 721,000 homes in foreclosure represent about 1.43 percent of all residential mortgage loans in the country.Foreclosure starts, which have been up and down all year, dropped to 73,200—a decline of 8.4 percent from September to October and by 11.3 percent from October 2014 to October 2015. The news was also good for the delinquency rate, defined as the number of loans 30 days or more past due but not in foreclosure. The delinquency rate dropped by nearly 2 percent over the month and by 12 percent year-over-year in October down to 4.77 percent, covering about 2.4 million mortgage loans.When figuring in the mortgage loans that are in pre-sale foreclosure inventory, that number increased to 3.1 million, which is still down by over half a million (507,000) from the previous October, according to Black Knight.Serious delinquencies—properties 90 days or more overdue but not in foreclosure—fell down to 820,000 in October, a decline of 3,000 from September and from nearly a quarter of a million (249,000) from October 2014.Prepayment activity, which has historically been a good indicator of refinance activity, was at 1.09 percent in October, up slightly by 1.14 percent over the month and by 9.85 percent over the year. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Black Knight Financial Services Delinquencies First Look at Mortgage Data Foreclosure Inventory Foreclosure Starts 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  Print This Post Black Knight Financial Services Delinquencies First Look at Mortgage Data Foreclosure Inventory Foreclosure Starts 2015-11-23 Brian Honea Share Save November 23, 2015 1,159 Views Subscribelast_img read more

Speculation Surrounds the Fed Balance Sheet

first_img The Best Markets For Residential Property Investors 2 days ago Federal Reserve Interest MBS 2017-05-15 Seth Welborn Sign up for DS News Daily in Daily Dose, Featured, Government, News, Secondary Market  Print This Post Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Philadelphia: Wells Fargo Violated the FHA Next: Mortgage Revenue Took a Hit in Q1 Tagged with: Federal Reserve Interest MBS Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago As the Federal Reserve begins to normalize their balance sheet, speculators believe that the final product may be up to three times larger than it was before the financial crisis, if not bigger. The CNBC Fed Survey found that participants believe that the run off of the Fed’s $4.4 trillion balance sheet may begin as early as January 2018, several months earlier than previously anticipated.The balance sheet refers to the portfolio of securities, such as various types of Treasury debt and mortgage-backed securities (MBS), that it has purchased. In the growing and changing economy, officials have stated that there is no going back to the pre-Recession levels, due in part to the growing amount of currency in circulation.The Fed aims to cut the balance sheet down to $2.5 trillion over several years, cutting down by about $2.5 trillion, but this still-high permanent level could mean higher interest rates and inflation. The $2.5 trillion balance sheet is still well above the pre-recession level of around $850 billion.Former Fed Chairman Ben Bernanke wrote in a recent blog post: “There are reasonable arguments for keeping the Fed’s balance sheet large indefinitely, including improving the transmission of monetary policy to money markets, increasing the supply of safe short-term assets available to market participants, and improving the central bank’s ability to provide liquidity during a crisis.”Rising interest rates are sure to drive up rates in the housing market, and the Fed’s decision to pullback from mortgage-backed securities will only add to the rising rates. The Fed began buying MBS eight years ago when the housing market was in crisis. It currently owns about 30 percent of the market. Now that the economy and housing markets are seemingly on the up-and-up, it is widely thought that the Fed will start pulling out of the MBS scene in late 2017 or early 2018. May 15, 2017 1,205 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer. Home / Daily Dose / Speculation Surrounds the Fed Balance Sheet About Author: Seth Welborn Speculation Surrounds the Fed Balance Sheet Subscribelast_img read more

After Delay, Powell and Montgomery Noms Proceed to Full Senate

first_img Demand Propels Home Prices Upward 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  Print This Post January 17, 2018 1,981 Views Previous: Ranking Home Renovation Resale Values Next: Housing Market Gets a Vote of Confidence from Builders After Delay, Powell and Montgomery Noms Proceed to Full Senate The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Brian Montgomery Confirmation Hearing fed chair Federal Reserve Jerome Powell Senate Banking Committee Senate Committee on Banking Housing and Urban Affairs The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Government, News Brian Montgomery Confirmation Hearing fed chair Federal Reserve Jerome Powell Senate Banking Committee Senate Committee on Banking Housing and Urban Affairs 2018-01-17 David Wharton Home / Daily Dose / After Delay, Powell and Montgomery Noms Proceed to Full Senate The Best Markets For Residential Property Investors 2 days ago The Senate Committee on Banking, Housing, and Urban Affairs today met to revisit the nominations of Jerome Powell as Chairman of the Board of Governors of the Federal Reserve System and Brian Montgomery as Assistant Secretary for Housing – Federal Housing Commissioner, U.S. Department of Housing and Urban Development. Both nominees were advanced to the full Senate for a confirmation vote.Both nominees previously received yes votes from the Banking Committee late last year, but as the full Senate did not get around to confirming them before going into recess, the Banking Committee had to revote this morning.Powell was approved with a voice vote, with Sen. Elizabeth Warren (D-Massachusetts) asking to be recorded as a no.Montgomery was approved with a voice vote, with Sen. Warren, Sen. Cortez Mastro (D-Nevada), and Sen. Jack Reed (D-Rhode Island) asking to be recorded as “no.”The Committee also approved the nomination of Randal Quarles for a full term on the Fed’s board. Sen. Warren, Sen. Cortez Mastro, and Sen. Reed were recorded as “no” for Quarles as well.If confirmed by a full Senate vote, Powell will succeed current Fed chair Janet Yellen, who announced her retirement from the Fed’s Board of Governors in early November, following Powell’s nomination as Fed Chair by President Trump. During questioning by the Senate Banking Committee in November 2017, Powell emphasized the importance of looking back over the various regulations and legislation instituted since the 2008 financial crisis and making sure it still makes sense. In response to questioning by Senator Elizabeth Warren (D-Massachusetts), who asked if Powell believed there were any regulations that needed to be stronger, Powell said, “Honestly, Senator, I think they’re tough enough.”Powell said the Fed would continue to err on the side of caution, but added that “it doesn’t help anyone for banks to waste money.” Powell also said at the time that he was in favor of exempting banks worth less than $10 billion from the Volker Rule, which limits risky trading by U.S. banks, and that he would work to continue shrinking the Fed’s balance sheet, predicting an eventual balance sheet total of between $2.5 and $3 trillion could be achieved within three to five years.Powell also highlighted the importance of tailoring regulations to the size and importance of the institution in question, with a decrease in intensity and stringency for smaller and regional banks. However, Powell pointed out that “Fundamentally, size is only one indicator of the riskiness of a firm and the possibility of it damaging the financial system through its failures.”Brian Montgomery is currently Vice Chairman of The Collingwood Group, a Washington D.C.-based advisory firm that he co-founded, and he previously served as Federal Housing Administration commissioner under former President George W. Bush. In a letter sent to Senate Banking Committee Chairman Crapo and Ranking Member Brown endorsing his nomination and encouraging his confirmation, Ed Delgado, President and CEO of the Five Star Institute wrote:During my 25 year tenure working within the mortgage banking industry, I have had the opportunity to work side by side with Mr. Montgomery during his times within both public and private service on issues that face the American homeowner,” the letter said. “I can attest to his qualifications as a leader and his devotion to the cause of furthering responsible homeownership in the United States. An examination of Mr. Montgomery’s record will reveal a dedicated public servant and champion for homeownership, fully committed to ensuring the American Dream lives on for generations to come.During his October testimony before the Senate Committee on Banking, Housing, and Urban Affairs, Montgomery said, “Some of my Republican friends and colleagues still ask why I agreed to serve in a Democratic Administration and my answer has always been the same: they asked for my help. It was that simple. Now when I’m asked why I would want to return to HUD, the answer is just as simple: I believe I can make a positive difference.” Related Articles Subscribe Share Save Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: David Wharton Demand Propels Home Prices Upward 2 days agolast_img read more

HUD Secretary to Lead Opportunity and Revitalization Council

first_img The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: HOUSING HUD low-income Communities Opportunity Zones President Donald Trump Secretary Carson December 12, 2018 2,395 Views About Author: Radhika Ojha Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img Previous: Steady Decline in Serious Delinquencies Next: The 5 Most Competitive Markets 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. Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Share Save Demand Propels Home Prices Upward 2 days ago HUD Secretary to Lead Opportunity and Revitalization Council U.S. Housing and Urban Development Secretary Ben Carson was named the chairperson of the White House Opportunity and Revitalization Council that was established through an Executive Order signed by President Donald Trump on Wednesday.The council, which will consist of 13 federal member agencies will engage with governments at all levels on ways to more effectively use taxpayer dollars to revitalize low-income communities.”With the creation of today’s council, the resources of the whole federal government will be leveraged to rebuild low-income and impoverished neighborhoods that have been ignored by Washington in years past,” President Trump said while signing the Executive Order to create this council. “Our goal is to ensure that America’s great new prosperity is broadly shared by all of our citizens.”“These are still early days for the work of the Council and Opportunity Zones, but the groundwork has been laid,” Secretary Carson said. “The seeds the President has planted are growing and the promise they hold will improve places long forgotten, and the lives of those who call those places home.”In a statement, HUD said that the council would aim at improving the revitalization efforts in these communities by streamlining, coordinating, and targeting existing Federal programs to Opportunity Zones and in economically distressed communities where new investments may be eligible for preferential tax treatment.It will also consider legislative proposals and undertake regulatory reform to remove barriers to revitalization efforts while presenting the President with options to encourage capital investment in economically distressed communities.”Under our new tax cuts, any distressed area that is designated as an Opportunity Zone will receive massive incentives for private sector investment, including zero capital gains tax on any investment held for at least 10 years,” President Trump said.The 2017 Tax Cuts and Jobs Act had created Opportunity Zones to stimulate long-term investments in low-income communities. The program offers capital gains relief to those who invest in these distressed areas and is anticipated to spur $100 billion in private capital investment in Opportunity Zones. Home / Daily Dose / HUD Secretary to Lead Opportunity and Revitalization Council HOUSING HUD low-income Communities Opportunity Zones President Donald Trump Secretary Carson 2018-12-12 Radhika Ojhalast_img read more

Protecting Businesses and Consumers from Fraud

first_img After some high-profile ransomware incidents within the real estate industry, CoreLogic discussed how businesses can protect themselves from attacks. Ransomware, CoreLogic states, is a malware (malicious software) that encrypts the files on your network or otherwise blocks access to them. The attacker will prompt users to pay a ransom to access their files, but experts urge victims to not pay the ransom, as attackers may unencrypt or allow access to the files as a result.CoreLogic states that to avoid ransomware, companies need to train their employees to know how to identify phishing emails and refrain from clicking links from outside or unknown sources.The most important thing a company can do to limit the spread of ransomware between computers on their network is to properly use a firewall. A well-designed network will include a firewall which limits traffic between areas of different security sensitivity, and the firewall systems may be able to detect when malware tries to move from computer to computer through it.“For example, in the network pictured below, when someone brings an infected computer into the training room, the ransomware can be limited by the firewall so it doesn’t have access to any other part of the network.”Ransomware is not the only type of fraud impacting real estate professionals and consumers. According to the Coalition to Stop Real Estate Wire Fraud, real estate wire fraud is undergoing an epidemic. Real estate wire fraud is a sophisticated scam targeting individuals making wire transfer payments during the home buying process. FBI data reveals that 11,300 victims lost a combined $149 million due to real estate wire fraud in 2018 alone, representing a 166% increase in the total money lost compared to 2017.According to the FBI, only an estimated 12-15% of all fraud is reported, and the Coalition notes that the best way to combat these statistics is through educating the homebuyer. Homebuyers, particularly first-time buyers, are the ones who are the most at risk of wire transfer fraud. Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Protecting Businesses and Consumers from Fraud Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: How Fannie and Freddie are Preventing Foreclosure Next: Fannie Mae Announces Credit Insurance Risk Transfer Transactions The Week Ahead: Nearing the Forbearance Exit 2 days ago Protecting Businesses and Consumers from Fraud July 11, 2019 1,052 Views CoreLogic Fraud Malware Technology 2019-07-11 Seth Welborncenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News, Technology The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Tagged with: CoreLogic Fraud Malware 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. Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles  Print This Post About Author: Seth Welbornlast_img read more

Ginnie Mae To Begin Accepting Digital Collateral

first_img Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 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. July 17, 2020 1,674 Views  Print This Post About Author: Krista F. Brock Share Save The Best Markets For Residential Property Investors 2 days ago Previous: Fed Ups MBS Buying Next: Post-Moratorium Planning Begins Now Ginnie Mae To Begin Accepting Digital Collateral Tagged with: Ginnie Mae Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img 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 Subscribe Ginnie Mae 2020-07-17 Mike Albanese Sign up for DS News Daily Ginnie Mae announced Thursday a major step in modernizing its platform, allowing so-called “digital collateral” or electronic promissory notes and other loan files as collateral in its securities.Issuers may apply to participate in the early phase of the Digital Collateral Program, and approved e-Issuers will be able to securitize government-backed mortgages with digital collateral.Each e-Issuer will be given eMortgage Issuance Authority for a limited number of eMortgage loans, regardless of loan size, according to the announcement from Ginnie Mae.Ginnie Mae will begin reviewing applications on July 20, and interested parties may continue to apply through August 15.“This announcement is a major step for Ginnie Mae following two years of collaboration with industry stakeholders to develop the right set of policies that will lead to the successful implementation of Digital Collateral in the government-backed industry segment,” said Seth Appleton, Principal EVP at Ginnie Mae.“Moreover, this is an important milestone that was recommended in the HUD ‘Housing Finance Reform Plan,’” he added.The Housing Finance Reform Plan was issued by HUD in September 2019 and includes reforms to Ginnie Mae’s securitization platform and to the integrity of Ginnie Mae securities.“GNMA should develop and implement the policies, technology and operational capabilities necessary to accept digital promissory notes (eNotes) and other digitized loan files as acceptable collateral for its securities,” states the reform plan.Accepting digital collateral will “enable issuers to enhance efficiency, risk management and customer experience,” HUD stated in its plan.The plan also called for Ginnie Mae to “strengthen its risk management analytics;” “implement enforcement, recovery and resolution reforms to protect taxpayers;” and “fully modernize platform access, data standards, collection, and storage.”There are no costs to participate in the Digital Collateral Program, Ginnie Mae said, and interested issuers must submit their application to [email protected]gov before August 15. Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Ginnie Mae To Begin Accepting Digital Collateral in Daily Dose, Featured, News, Technology Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Home Prices Climb 11.3% YoY in March

first_img About Author: Eric C. Peck Related Articles Home Prices Climb 11.3% YoY in March Governmental Measures Target Expanded Access to Affordable Housing 2 days ago CoreLogic First-Time Homebuyers Frank Martell Millennials 2021-05-04 Eric C. Peck 26 days ago 725 Views The Best Markets For Residential Property Investors 2 days ago Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. Tagged with: CoreLogic First-Time Homebuyers Frank Martell Millennials in Daily Dose, Featured, Journal, Market Studies, News Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago According to the latest CoreLogic Home Price Index (HPI) and HPI Forecast, home prices in March 2021 increased 11.3%, compared to March 2020. On a month-over-month basis, home prices increased by 2% compared to February 2021.The CoreLogic HPI Forecast indicates that home prices will increase on a month-over-month basis by 1.1% from March 2021 to April 2021, and on a year-over-year basis by 3.5% by March 2022, as affordability continues to challenge prospective buyers, thus stunting price growth.“Despite the severe slowdown last year, the 2021 spring homebuying season is trending strong—reflecting the many positive signs of economic recovery,” said Frank Martell, President and CEO of CoreLogic. “With prospective buyers continuing to be motivated by historically low mortgage rates, we anticipate sustained demand in the summer and early fall.”CoreLogic found that millennials are leading the homebuying charge, with older millennials seeking move-up purchases, and younger millennials entering their peak homebuying years. As a whole, their share rose even higher in 2020, as millennial homebuyers comprised more than half of overall home-purchase applications. According to CoreLogic, prior to 2020, while millennial home purchase applications comprised less than half of all purchase applications, their share grew from 33% in 2014 to 47% in 2019, rising about two to four percentage points per year.“Lower-priced homes are in big demand and short supply, driving up prices faster compared to their more expensive counterparts,” said Dr. Frank Nothaft, Chief Economist at CoreLogic. “First-time buyers seeking a starter home priced 25% or more below the local-area median saw prices jump 15.1% during the past year, compared with the overall 11.3% gain in our national index.”Regionally, home prices rose sharply in the West in the month of March, with seven of the 10 metros ranked with the highest year-over-year increases. Boise, Idaho ranked at the top with a year-over-year increase of 27.7%.Similarly, at the state level, two Mountain-West states—Idaho and Montana—had the strongest price growth in March, up 25% and 18.8% respectively, as they continue to see an uptick in inbound migration from buyers moving away from more costly coastal areas. Arizona saw the third-strongest price growth with an 18% increase.Conversely, the HPI Forecast also detailed a continued disparity in home price growth across metros. In markets like Houston, which was hit hard by the collapse of the oil industry and the recent hurricane season, home prices are expected to decline 0.5% by March 2022. The CoreLogic Market Risk Indicator (MRI), a monthly update of the overall health of housing markets across the country, predicts that metros such Beaumont-Port Arthur, Texas; Brownsville-Harlingen, Texas; New Haven-Milford, Connecticut; and Gulfport-Biloxi-Pascagoula, Mississippi are at the greatest risk (25-50%) of a decline in home prices over the next 12 months. Detroit, Michigan is also at low risk (less than 25% probability) of a price decline over the same time period.Click here for more from CoreLogic’s Home Price Index (HPI) and HPI Forecast.center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Home Prices Climb 11.3% YoY in March The Best Markets For Residential Property Investors 2 days ago Previous: FHFA Announces Rule to Address Post-Conservatorship Framework Next: MCS CEO Caroline Reaves Announces Retirement Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agolast_img read more

Figures reveal major shortfall in child palliative care funding for North West region

first_imgHomepage BannerNews Need for issues with Mica redress scheme to be addressed raised in Seanad also 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Figures reveal major shortfall in child palliative care funding for North West region By admin – September 29, 2016 WhatsApp Pinterest Google+ Previous articlePolice appeal for information following pipe bomb detonation in DerryNext articleGovernment urged to consider Donegal seasonal workers in upcoming budget admin Minister McConalogue says he is working to improve fishing quota Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Google+center_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week RELATED ARTICLESMORE FROM AUTHOR Facebook Twitter Twitter Facebook It’s been revealed that there is a major gap in funding between Specialist Palliative Care for In-Patient and Hospice services for adults and those available to children in this region.Figures from the HSE show that the services provided to adults have been allocated over €202M between 2013 and 2016 to date, while similar services for children have received just over €1.3M during the same period.However, the region which includes Donegal, received no funding for children’s Outreach Nursing services during the three year period.The data was provided through Parliamentary Question to Donegal Deputy Pearse Doherty:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/09/pearse.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterestlast_img read more