Improving Economy Bumps Up Mortgage Rates

first_img Servicers Navigate the Post-Pandemic World 2 days ago Bankrate Fixed-Rate Mortgage Freddie Mac Mortgage Rates 2014-06-12 Tory Barringer Home / Daily Dose / Improving Economy Bumps Up Mortgage Rates in Daily Dose, Featured, Headlines, Market Studies, News Subscribe Sign up for DS News Daily Improving Economy Bumps Up Mortgage Rates The Best Markets For Residential Property Investors 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Signs of an improving economy boosted fixed mortgage rates this week, market reports show.According to Freddie Mac, the average rate on a 30-year fixed-rate mortgage (FRM) was 4.20 percent (0.6 point) for the week ending June 12, an increase of 6 basis points from last week’s report. Last year, the 30-year FRM hovered just below 4.0 percent.The 15-year FRM averaged 3.31 percent (0.5 point), up from 3.23 percent in the last report.The increases followed last week’s release of the May jobs report, which showed payrolls performing more or less as expected.”Mortgage rates continued to climb for the second week in a row following the increase in 10-year Treasury yields,” said Frank Nothaft, chief economist at Freddie Mac. “Also, the economy added 217,000 thousand jobs in May, following a 282,000 surge in April and a 203,000 increase in March. Meanwhile, the unemployment rate in May held steady at 6.3 percent.”In adjustable-rate mortgages (ARMs): The 5-year Treasury-indexed hybrid ARM climbed 12 points this week to 3.05 percent (0.4 point), while the 1-year ARM remained flat at 2.40 percent (0.4 point).Reporting its own national survey results, Bankrate.com pinned the 30-year fixed at 4.34 percent and the 15-year fixed at 3.43 percent, both up 2 basis points from last week. The 5/1 ARM moved up slightly more, climbing 6 points to 3.37 percent.With a week left to go before the Federal Reserve’s next policy meeting, 86 percent of experts surveyed by Bankrate expect rates will remain essentially flat in the coming days. Only two weeks ago, long-term fixed rates stood at their lowest in more than half a year.  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Previous: Southwestern Pennsylvania Home Market Heating Up Next: Survey: Economists Trim Forecast for Housing Starts The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Bankrate Fixed-Rate Mortgage Freddie Mac Mortgage Rates June 12, 2014 974 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

All-Cash Sales Share Continues Year-Over-Year Decline

first_img  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Share Save Tagged with: All-Cash CoreLogic Home Sales in Daily Dose, Featured, Market Studies, News All-Cash Sales Share Continues Year-Over-Year Decline Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / All-Cash Sales Share Continues Year-Over-Year Declinecenter_img January 15, 2015 1,222 Views Related Articles The Best Markets For Residential Property Investors 2 days ago The share of all-cash home sales continued its streak of annual declines in October but remained elevated compared to pre-crisis levels, according to data released Wednesday.In a post on the company’s blog site, CoreLogic estimated that cash transactions accounted for 35.5 percent of total home sales in October 2014, down from 38.7 percent the year prior. The decline continued a downward trend started in January 2013, making October the 22nd straight month to see cash sales decline on an annual basis.Cash sales peaked in January 2011, when they made up 46.4 percent of total home sales. Prior to the housing crisis, cash share averaged about 25 percent.”At the current rate of year-over-year decrease, the cash sales share should be back to pre-crisis levels in 2017,” estimated Molly Boesel, senior economist for CoreLogic.While cash sales share did tick up from September to October, CoreLogic says the increase “is typical for the fall and winter months.” Due to seasonal influences on the housing market, the company says cash sales share comparisons are best made on a year-over-year basis.As is typical, REO sales accounted for the majority of cash sales in October, edging up slightly from September to a share of 58.7 percent. Since REO sales make up only a small share of total home sales (7.9 percent in October), Boesel noted that those transactions “did not have a large influence on the overall cash sales share.”Resales made up the second biggest slice of all-cash transactions at 35 percent, followed closely by short sales at 33 percent. New home sales accounted for 16.8 percent of cash sales, meanwhile.State-wise, Delaware held on to its spot as the No. 1 state for cash sales, with 58.3 percent of home sales transacted in cash. Alabama ranked second with a share of 51.3 percent, while Florida moved down a slot from September at a share of 51.1 percent. New York (44.4 percent) and Michigan (43.1 percent) rounded out the top five. Servicers Navigate the Post-Pandemic World 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Demand Propels Home Prices Upward 2 days ago Previous: DS News Webcast: Friday 1/16/2015 Next: Fueled by Lower Gas Prices, Consumer Sentiment Reaches Highest Level in a Decade Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Tory Barringer Sign up for DS News Daily All-Cash CoreLogic Home Sales 2015-01-15 Tory Barringerlast_img read more

HUD Measures Progress Toward Helping Struggling Homeowners

first_img Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 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. in Daily Dose, Featured, Loss Mitigation, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago HAMP HUD Loan Modifications Loss Mitigation Making Home Affordable 2016-03-11 Brian Honea Share Save Tagged with: HAMP HUD Loan Modifications Loss Mitigation Making Home Affordable  Print This Post The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Brian Honea HUD has helped millions of struggling homeowners avoid foreclosure and stay in their homes with the completion of more than 10.2 million modifications and other forms of assistance arrangements since April 2009 (as of January 2016), according to HUD’s February Scorecard released this week.According to HUD, more than 2.5 million of these actions assisting homeowners have taken place through the Making Home Affordable (MHA) program, which was launched in February 2009 in response to the housing crisis. MHA is scheduled to end on December 31, 2016, and the Department of Treasury released its first set of guidelines to servicers for MHA termination earlier in March.Nearly 1.6 million of those 2.5 million homeowner assistance actions were permanent loan modifications completed through the Home Affordable Modification Program (HAMP). The Federal Housing Administration (FHA) has completed more than 3.1 million loss mitigation and early delinquency interventions during that same period from April 2009 until January 2016.“These Administration programs continue to encourage improved standards and processes in the industry, with lenders offering families and individuals more than 4.6 million proprietary modifications through December,” said Katherine O’Regan, Assistant Secretary for the Office of Policy Development & Research at HUD. “Although there is good news overall, the Administration remains committed to helping more Americans realize their dream of home ownership through an improving economy and new programs that will provide greater access to credit.”Citing data from the National Association of Realtors, HUD also reported that in January, existing homes rose to their second-highest pace since 2007, increasing by 0.4 percent up to a pace of about 5.47 million units annually—an 11 percent year-over-year increase. Existing-home sales have sold at a rate of more than 5 million annually for 10 of the last 11 months. Housing prices were up by 5.6 percent over the previous six months and are 1.2 percent above the peak reached in March 2007, according to data from the Federal Housing Finance Agency.Click here to view the entire HUD February scorecard.center_img Previous: Quicken Still Fighting Government’s Lawsuit Over FHA Loans Next: The Week Ahead: CFPB Director Cordray to Face Grilling from Congress Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / HUD Measures Progress Toward Helping Struggling Homeowners Data Provider Black Knight to Acquire Top of Mind 2 days ago HUD Measures Progress Toward Helping Struggling Homeowners Related Articles March 11, 2016 3,227 Views Subscribelast_img read more

CFPB Updates Mortgage Servicing Rules

first_img Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] On Wednesday, the Consumer Financial Protection Bureau (CFPB) issued an interim final rule and a proposed rule in an effort to amending mortgage-servicing communication policies issued in 2016.The interim final rule gives servicers a longer, 10-day window to provide the modified notices. The bureau believes that this change offers, “greater certainty for servicers’ ability to comply with the rule, without undermining important borrower protections.”The proposed rule on periodic statements amends to certain Regulation Z mortgage servicing rules issued in 2016 relating to the timing for servicers to transition to providing modified or unmodified periodic statements and coupon books in connection with a consumer’s bankruptcy case.In 2016, the bureau issued changes to the mortgage servicing rules that required servicers to send written notices, referred to as early intervention notices, to certain consumers at risk of foreclosure who have requested a cease in communication under the Fair Debt Collection Practices Act.According to the CFPB, under this law consumers were given the option to request companies stop contacting them except with “limited purposes.” However, the bureau’s concerned that this miscommunication doesn’t provide servicers enough, “flexibility regarding when to communicate about foreclosure prevention options with borrowers who have requested a cease in communication.”CFPB Director Richard Cordray said Wednesday’s action should make it easier for mortgage borrowers to receive timely information from their mortgage servicers about available options for saving their home, even if they have submitted a request to cease communication.”In addition, we are proposing changes to clear up confusion about when to provide periodic statements with important loan information to borrowers in bankruptcy,” Cordray said.The interim final rule becomes effective on October 19, 2017, the same date that the related 2016 rule provisions become effective. The Bureau is seeking comment on this rule and will consider whether to revisit it in the future.Click here to view the full interim final rule.Click here to view the proposed rule on periodic statements. Share Save Demand Propels Home Prices Upward 2 days ago CFPB Updates Mortgage Servicing Rules Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: CFPB HOUSING mortgage Subscribe Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Headlinescenter_img Previous: a360inc Aims to Simplify Solutions for Law Firms with New Acquisition Next: Wells Fargo Announces Fee Refunds About Author: Nicole Casperson Governmental Measures Target Expanded Access to Affordable Housing 2 days ago October 4, 2017 1,856 Views 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  Print This Post CFPB HOUSING mortgage 2017-10-04 Nicole Casperson The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / CFPB Updates Mortgage Servicing Rules Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

These Are the Most Dangerous U.S. Cities

first_img Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Staff Writer Tagged with: Blight crime rates dangerous cities NeighborhoodScout Vacancy rates NeighborhoodScout, a web-based analytics platform, recently released its 2018 list of the Top 100 Most Dangerous U.S. Cities.They compiled the list by examining violent crime reports of cities with a minimum population of 25,000. They then took the number of crimes reported in the city, along with the population total, and divided by 1,000 to determine the crime rate.Violent crimes used for this analysis include murder, rape, armed robbery, and aggravated assault. The calculations made from these reported incidents gives a rate for violent crime per 1,000 residents.CEO and Founder of NeighborhoodScout, Dr. Andrew Schiller, said smaller, industrial-satellite cities continue to struggle with crime.“Limited economic opportunity plays a role in such communities and highlights the divide between the safe bedroom communities within large metro areas near major urban centers like Boston, Chicago, and New York, and the high-crime industrial-satellite communities,” Schiller said.The list shows Monroe, Louisiana, as the most dangerous city in 2018. Monroe, a medium-sized city with 49,297 people, is situated about 100 miles away from two larger cities—Shreveport, Louisiana (194,920 people), and Jackson, Mississippi (169,148 people). In comparison to the rest of the country, Monroe is considered lower middle class and has a relatively high rate of people living in poverty.One major factor affecting Monroe is the lack of a large business and economic center within reasonable commuting distance, which makes it more difficult for residents there to find higher paying jobs. The city’s above-average housing vacancy rate, along with a lower quality of public schools, reduces economic activity in the area and makes attracting and retaining skilled workers more difficult.Other cities with similar scenarios to Monroe include Chester, Pennsylvania, and Homestead, Florida.NeighborhoodScout data also shows states with the highest number of dangerous cities. According to the data, Michigan has the largest number of Most Dangerous Cities in the U.S. with nine coming from that state. Other states with high counts of dangerous cities include Illinois (5), California (7), and Florida (8).NeighborhoodScout’s crime data analysis is the most comprehensive study available due to it factoring in crimes reported by every local law enforcement agency in the country. March 8, 2018 8,398 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Fed’s Beige Book Builds Case for Further Rate Hikes Next: Housing Industry Experts Weigh in on Import Tariffs The Best Markets For Residential Property Investors 2 days ago Related Articles Home / Daily Dose / These Are the Most Dangerous U.S. Cities Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Blight crime rates dangerous cities NeighborhoodScout Vacancy rates 2018-03-08 Staff Writer Share Save Subscribe in Daily Dose, Featured, Headlines, Journal, Market Studies, News Sign up for DS News Daily These Are the Most Dangerous U.S. Citieslast_img read more

The City Where Foreclosures Are Skyrocketing

first_img Tagged with: Foreclosure Report Foreclosures propertyshark Q1 2018  Print This Post Subscribe The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Foreclosure Report Foreclosures propertyshark Q1 2018 2018-04-04 David Wharton April 4, 2018 5,606 Views The City Where Foreclosures Are Skyrocketing Previous: Which Features Boost Home Sale Prices? Next: Christopher Herbert Elected to Freddie Mac Board of Directors Share Save Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / The City Where Foreclosures Are Skyrocketing The Best Markets For Residential Property Investors 2 days agocenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: David Wharton David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles 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 in Daily Dose, Featured, Foreclosure, Journal, Market Studies, News This past January, PropertyShark’s annual foreclosure report revealed that New York City saw a year-over-year increase in foreclosed homes scheduled for auction of 58 percent and year-over-year foreclosure increases in every borough except Manhattan. Now PropertyShark has released their Residential Foreclosure Report for Q1 2018, and those trends toward higher foreclosure rates seem to be continuing in the new year.PropertyShark’s foreclosure report for last year revealed that the number of foreclosed New York homes hit an eight-year high in 2017. During Q1 2018, the number of new foreclosure cases climbed 31 percent year-over-year. PropertyShark reports a total of 920 new foreclosures logged in NYC during Q1, up from 702 during Q1 2017. New York recorded a higher number of foreclosed homes during Q1 than during any quarter since 2009.Breaking things down by borough, Brooklyn saw the highest increase of homes scheduled for auction in Q1, recording a 64 percent year-over-year increase. That works out to 275 homes scheduled for auction during the quarter, compared to 168 during Q1 2017—the highest number ever recorded in the borough. During Q1 2016, the number was only 79.The Bronx saw a 33 percent year-over-year increase, amounting to 117 homes headed for auction during the quarter. While the Bronx did register a year-over-year increase, its foreclosure numbers actually dropped 41 percent below their Q4 2017 totals.Following a significant spike in foreclosure activity during Q4 2017, Staten Island saw only a small increase between Q4 2017 (185 new foreclosures recorded) and Q1 2018 (189 new foreclosures recorded). However, like much of the rest of the city, Staten Island did record a whopping year-over-year increase of 226 percent.For Manhattan and Queens, the news was less dramatic. Foreclosures in Queens actually decreased 13 percent year-over-year during Q1 2018. Manhattan saw a 5 percent year-over-year decrease.You can read PropertyShark’s full Q1 2018 NYC foreclosure report by clicking here. Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

OCC Seeks Stakeholder Comments on CRA Regulations

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles 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.  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Tagged with: Communities CRA Low and Middle Income OCC Regulation Previous: Fair Housing Act Applies to LGBT Too, Says Court Next: ARMCO Launches Fraud Case Manager Tool Communities CRA Low and Middle Income OCC Regulation 2018-08-29 Radhika Ojha The Best Markets For Residential Property Investors 2 days ago August 29, 2018 1,978 Views The Best Markets For Residential Property Investors 2 days agocenter_img Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / OCC Seeks Stakeholder Comments on CRA Regulations In a bid to modernize the regulatory framework of implementing the Community Reinvestment Act (CRA), The Office of the Comptroller of Currency (OCC) has asked for comments from stakeholders.The CRA, which was enacted in 1977 to encourage banks and other insured depository institutions to help meet the credit needs of their communities, including low- and moderate-income (LMI) neighborhoods, is being considered for reforms. In 2017 and 2018, the Department of Treasury gathered feedback and published recommendations for modernizing the regulatory framework of this act.In a statement the OCC said that it had issued the Advance Notice of Proposed Rulemaking (ANPR) to better achieve the statute’s original purpose, increase lending and investment where it was needed most, and reduce the burden associated with reporting and assessing CRA performance.“As a long-time banker, I have seen firsthand the benefit of CRA investment and how it makes communities vibrant,” said Comptroller of the Currency Joseph M. Otting. “I have also seen how limitations in the current CRA regulation can fail to provide consideration to a bank that wants to lend and invest in a community with a need for capital, including many low- and moderate-income areas.”Noting that the operation of the current CRA regulation could result in restricted resources, Otting said that it was time for a national discussion on how “we can make the CRA work better.”Through the ANPR the OCC is asking stakeholders to comment on a number of questions regarding the improvements to the CRA regulation on various aspects such as increasing lending and services to people and in areas that need it most including LMI areas; clarifying and expanding the types of activities eligible for CRA consideration; revisiting how assessment areas are defined and used; making bank CRA performance more transparent; and reducing the cost and burden related to evaluating performance under the CRA.According to Otting, some of the areas that stakeholders had complained about included the difficulty of getting capital to critical areas, significant administrative burden, lack of CRA consideration for important development activities, and failure to adapt to advances in banking such as interstate branching and digitization of services. Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Radhika Ojha OCC Seeks Stakeholder Comments on CRA Regulations in Daily Dose, Featured, Government, Newslast_img read more

State Senate Kills Foreclosure Notification Bill

first_img Servicers Navigate the Post-Pandemic World 2 days ago State Senate Kills Foreclosure Notification Bill Tagged with: Foreclosure Law New Hampshire Sales Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Foreclosure, Government, News About Author: Seth Welborn Home / Daily Dose / State Senate Kills Foreclosure Notification Bill Foreclosure Law New Hampshire Sales 2019-04-30 Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago April 30, 2019 1,299 Views The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Taking Legislative Action Against Foreclosure Challenges Next: New Leader Announced for ALTAcenter_img  Print This Post New Hampshire House Bill 309, a bill intended to give homeowners more warning when facing foreclosure, was ended by voice vote in the New Hampshire, killing the bill, citing objections from banks and credit unions.Concord Monitor reports that the Bill would have required a sheriff to hand-deliver a notice of sale to a delinquent homeowner, noting that under the present law, that notice must only be mailed to the homeowner. Additionally, the bill would require that the notice itself explicit about the recourse a homeowner has to fight the non-judicial foreclosure procedure if he or she believes it was illegally issued.“The committee found that there was a large amount of opposition to the bill form various stakeholders and the financial community,” said Senator Harold French.Opposition to the bill, including banks, credit unions and municipalities, argued that the bill would have slowed the foreclosure process significantly and tie up the court decision. Opponents of the bill also argued that procedures developed by the Consumer Financial Protection Bureau have already created guidelines for banks to follow during foreclosures, though advocates have said they are poorly enforced.Senator Dan Feltes expressed his disappointment in the final decision.“Establishing a process and going through it in some cases will expedite the (legal) process, rather than putting the onus on homeowners to go to court to stop a potentially unlawful foreclosure and instead going through a process right away … is what most the states do,” he said.Those in support of the bill, including Feltes as well as New Hampshire Legal Assistance, a provider of legal resources for low-income homeowners, state that notices can be lost or ignored when sent in the mail, and HB 309 offers a safer and more direct way of communicating with homeowners facing foreclosure. Advocates note that many homeowners, though they know they may be behind on payments, may not be aware of how behind they are. 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. Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

Buncrana Town Council adopts budget for 2012

first_img Twitter Google+ By News Highland – December 22, 2011 Guidelines for reopening of hospitality sector published Calls for maternity restrictions to be lifted at LUH Buncrana Town Council has adopted its budget for 2012, with commmercial rates remaining unchanged. The council will spend a total of 3.27 million euro next year, 100,000 down on 2011.Tourism and promotion have been identified as priorities, with over 30,000 set aside for that purpose in the budget.Town Manager John Mc Laughlin says that’s an important element of what the council is about, and he’s confident the authority has passed a budget which will serve Buncrana well…….[podcast]http://www.highlandradio.com/wp-content/uploads/2011/12/johnm530.mp3[/podcast] Pinterest Google+ WhatsApp Buncrana Town Council adopts budget for 2012 WhatsApp NPHET ‘positive’ on easing restrictions – Donnelly center_img Help sought in search for missing 27 year old in Letterkenny Pinterest Previous articleMan on five attempted murder charges refused bail in StrabaneNext articleLetterkenny Town Council unanimously adopts Budget 2012 News Highland Newsx Adverts Twitter Facebook 448 new cases of Covid 19 reported today Three factors driving Donegal housing market – Robinson RELATED ARTICLESMORE FROM AUTHOR Facebooklast_img read more

Public meeting to discuss mental health stigma

first_img Pinterest Google+ Facebook Public meeting to discuss mental health stigma WhatsApp Facebook Pinterest Guidelines for reopening of hospitality sector published LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton The Minister for Disability and Mental Health will this evening address a public meeting this (Monday) evening about mental health stigma and what can be done to reduce it.John Moloney along with representatives from ‘See Change’ will address the meeting taking place in the Balor Arts Theatre, Ballybofey from 8 o’clock.See Change is Ireland’s national programme to reduce stigma and challenge discrimination associated with mental health problems.Tonight’s event is hosted by the county council’s Donegal Community Forum – it’s Chair is Paula Leonard:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/10/paula.mp3[/podcast] WhatsApp Twittercenter_img Previous articleCouncillor claims government ignores local authority motionsNext articleBoston trip approved by council after adjournment News Highland By News Highland – October 11, 2010 Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week Google+ Three factors driving Donegal housing market – Robinson NPHET ‘positive’ on easing restrictions – Donnelly Newsx Adverts RELATED ARTICLESMORE FROM AUTHOR Calls for maternity restrictions to be lifted at LUH last_img read more