Ben Carson Named Affordable Housing Council Chair

first_img Related Articles Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer.  Print This Post The Best Markets For Residential Property Investors 2 days ago June 25, 2019 1,524 Views Share Save The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Affordability Ben Carson Sales 2019-06-25 Seth Welborn Previous: CFPB Discusses Dodd-Frank and Abuse Next: Counsel’s Corner: Trends and Challenges in Bankruptcy Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Ben Carson Named Affordable Housing Council Chaircenter_img President Donald Trump has signed an Executive Order establishing the White House Council on Eliminating Barriers to Affordable Housing, and named Housing and Urban Development (HUD) Secretary Ben Carson as its chairperson.According to HUD, the new Council will be composed of members from eight Federal agencies, intended to engage with State, local, and tribal leaders across the country to identify and remove the obstacles that impede the production of affordable homes, “namely, the enormous price tag that follow burdensome government regulations.”“With the signing of today’s Executive Order, President Trump is prescribing a powerful treatment that correctly diagnoses the source of America’s affordable housing condition: this is a matter of supply and demand, and we have to increase the supply of affordable homes by changing the cost side of the equation,” said Secretary Carson. “Increasing the supply of housing by removing overly burdensome rules and regulations will reduce housing costs, boost economic growth, and provide more Americans with opportunities for economic mobility.”HUD notes that the construction of new homes has not kept pace with new household formations, due in part to the fact that over 25% of the cost of a new home is the direct result of Federal, State, and local regulations. Part of the Council’s goals will be to identify policies which artificially increase the cost of homeownership and reduce regulatory burdens.Nationally, affordability has been the primary roadblock to homeownership, according to First American’s Real Estate Sentiment Index (RESI).“The main burden, affordability, confirms the strong sellers’ market conditions from 2018 have continued in many markets in early 2019, as demand outpaces supply and prices continue to rise,” said First American Chief Economist Mark Fleming.To increase affordability, HUD laid out a plan for the new Council, which includes taking action to reduce Federal regulatory and administrative burdens that discourage private investment and housing development and streamline statutory, regulatory, and administrative burdens that inhibit the development of affordable housing supply. The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Ben Carson Named Affordable Housing Council Chair About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Affordability Ben Carson Sales Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, Market Studies, News Subscribelast_img read more

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Despite Aid, Some Borrowers Still Unable to Pay Bills

first_img 2020-09-09 Christina Hughes Babb Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Earlier in the year, while the CARES ACT did its part to offset the financial toll, in light of the lack of a new bipartisan deal, many people are scratching their heads as they wonder how to satisfy their financial obligations, according to WalletHub.Meantime, leveraging data like the average credit score, the change in the number of bankruptcy filings between January and July, and the share of people with accounts in distress. WalletHub compared the 50 states and the District of Columbia across nine key metrics to illustrate where those challenges are particularly severe. WalletHub defines an account in distress as one which either is in forbearance or has its payments deferred.Among states with the most financially distressed individuals during the pandemic, Louisiana had a total score of 52.65, followed by Nevada, 48.74; Indiana, 47.70; Oklahoma, 47.01; and Florida, 46.50.While delinquencies sagged by 0.4% year over year in February, according to CoreLogic Loan Performance Insights report, with COVID-19 continuing to help fuel job losses, a spike was expected.”Delinquency and foreclosure rates were at a generational low in February as the U.S. unemployment rate matched a 50-year low,” said Dr. Frank Nothaft, Chief Economist for CoreLogic. That said, the pandemic-induced closure of nonessential businesses caused the April unemployment rate to spike to its highest level in 80 years and will lead to a rise in delinquency and foreclosure, he continued. “By the second half of 2021, we estimate a four-fold increase in the serious delinquency rate, barring additional policy efforts to assist borrowers in financial distress.”In February, for the fifth consecutive month, no states posted a year-over-year increase in the overall delinquency rate, and Mississippi and Maine (both down 0.9 percentage points) recorded the largest declines. Only four metropolitan areas recorded small increases in overall delinquency rates and eight recorded increases in serious delinquency rates.“After a long period of decline, we are likely to see steady waves of delinquencies throughout the rest of 2020 and into 2021,” said Frank Martell, President and CEO of CoreLogic. “The pandemic and its impact on national employment is unfolding on a scale and at a speed never before experienced and without historical precedent. The next six months will provide important clues on whether public and private sector countermeasures—current and future—will soften the blow and help us avoid the protracted, widespread foreclosures and delinquencies experienced in the Great Recession.” Related Articles  Print This Post About Author: Chuck Green Despite Aid, Some Borrowers Still Unable to Pay Bills Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: State-By-State, the Desire to Relocate Next: HUD Issues New CARES-Act Flexibilities Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Despite Aid, Some Borrowers Still Unable to Pay Bills Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Chuck Green has contributed to the Wall Street Journal, Washington Post, Los Angeles Times, San Francisco Chronicle, Chicago Tribune and others covering various industries, including real estate, business and banking, technology, and sports. Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago September 9, 2020 1,061 Views Subscribelast_img read more

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FORCE Summit Offers Education, Insights Into State of Industry

first_img Share Save Tagged with: Five Star Conference Five Star Virtual Conference FORCE Summit FORCE Summit Offers Education, Insights Into State of Industry The Best Markets For Residential Property Investors 2 days ago Previous: Five Star Conference: Mortgage Servicing Challenges & Government Insights Next: Working Toward a More Diverse Industry About Author: Phil Britt in Daily Dose, Featured, News, REO The state of the real estate industry, the nuances of the servicing businesses, and government issues were all discussed at the Five Star FORCE Summit Tuesday, part of the Five Star Virtual Conference.The Summit began with the State of Real Estate keynote, with First American Corporation Chief Economist Market Fleming discussing the current state of the residential real estate market, price trends, forbearances, and the impact of current events on the REO market.Following the economic update, summit attendees learned some of the essential basics of the business, including education, training, and certifications that enable one to excel. Partnerships with REO companies was also discussed.“It’s important for agents to foster relationships with different people,” said Jacquelyn Pardue, Head of Procurement, LoanCare. “The more positive you can be with those people, the more likely they are to respond to you; the more likely they are to refer you somewhere else that could better answer your questions if they’re not the right person.”The business operates on 30-day cycles, Pardue added. So it’s important to build relationships when actual business activity is slow.Industry experts followed that session with an in-depth overview and timeline for managing REO properties to provide a better understanding of how one’s role as an agent comes into play.Knowledge of government policies is essential for the success of the business, so the final event of the day included in-depth discussions of how to negotiate the regulatory maze, particularly in the wake of the pandemic.“The communication from our government partners is so much better now than it was in the 2007-2008 period,” said John Dunnery, VP, Government Loan Servicing, Bayview Loan Servicing, LLC, adding that not everything affecting real estate is related to the pandemic – like the hurricane that recently came through the Gulf of Mexico.“We are dealing with other things as well,” Dunnery said. “One is the FHFA announcement around the refinance surcharge in order to increase revenue for the GSEs for refinances. That was a surprise to the industry. I don’t think anybody expected to see that for several reasons: Property values are now high; people have several ways to exit the property; we don’t have adverse market conditions other than that there are too few homes for buyers who may want to get into home ownership.”To deal with the crunch of forbearances, some had recommended looked at auto-enrollment, but some may borrowers may not need forbearance, said Jim Scott, SVP of Default, LoanCare, LLC, a company that has helped 155,000 with forbearance during the current COVID-19-related financial crisis. “It’s important that you have conversations with borrowers to learn what actually has occurred, what are those impacts and how we can assist them. At LoanCare we’ve opened up our website and our virtual response unit to allow borrowers to self-service.”The GSEs had to rise to the challenge presented by the economic fallout of the pandemic, said Jake Williamson, VP, Single-Family Collateral Risk Management, Fannie Mae. “As of a couple of weeks ago, we produced over 40 lender letters for selling, collateral and servicing policy changes to respond to the crisis. All of that has been done in about five months. In normal times, that’s about two years worth of work. Not only has that been diligent work by Fannie Mae, but also many industry participants, servicers, appraisers have made Herculean efforts.”Williamson added that the market remains strong for REO properties.You can see all our Five Star Virtual Conference coverage by clicking here.  Print This Post Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / FORCE Summit Offers Education, Insights Into State of Industry Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Related Articles Servicers Navigate the Post-Pandemic World 2 days ago September 15, 2020 1,247 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Phil Britt started covering mortgages and other financial services matters for a suburban Chicago newspaper in the mid-1980s before joining Savings Institutions magazine in 1992. When the publication moved its offices to Washington, D.C., in 1993, he started his own editorial services room and continued to cover mortgages, other financial services subjects, and technology for a variety of websites and publications. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Five Star Conference Five Star Virtual Conference FORCE Summit 2020-09-15 David Whartonlast_img read more

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Donegal campaign against proposed Road User Charge to escalate in coming weeks

first_img Facebook News A delegation from the Donegal Truckers Group will head to Stormont and the Dail in the coming weeks, to express concerns over the proposed Road User Charge.That’s according to the groups spokesperson Christopher Gallagher, who was speaking following a meeting in Letterkenny on Sunday afternoon.From April the 1st, hauliers in the south will have to pay a 10 pound tax each time they enter Northern Ireland.The meeting, described by Mr Gallagher as ’emotive’ and ‘constructive’, was attending by over 100 people, including councillors and politicians from both sides of the border.Mr Gallagher stated that they will consider boycotting the charge as a last resort, however they are hopeful that an agreement can be reached between now and April…[podcast]http://www.highlandradio.com/wp-content/uploads/2014/02/chr6.mp3[/podcast] Guidelines for reopening of hospitality sector published RELATED ARTICLESMORE FROM AUTHOR Google+ WhatsApp Calls for maternity restrictions to be lifted at LUH Google+ NPHET ‘positive’ on easing restrictions – Donnelly WhatsApp 448 new cases of Covid 19 reported today center_img Pinterest Twitter Pinterest Three factors driving Donegal housing market – Robinson Twitter Facebook Help sought in search for missing 27 year old in Letterkenny Previous articleUlster Senior League PreviewNext articleMan charged in relation to Buncrana burglaries News Highland Donegal campaign against proposed Road User Charge to escalate in coming weeks By News Highland – February 16, 2014 last_img read more

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Investigation launched to find who ploughed protected Donegal beach

first_img The National Parks and Wildlife Service has launched an investigation into who ploughed a protected beach in South Donegal.An area more than 250 metres long by 50 metres wide was tilled on Murvagh beach near Donegal town.A wildlife ranger yesterday consulted local landowners in a bid to trace the offender, who can be prosecuted.Murvagh is a special protected area for birds and is also a special area of conservation. Pinterest By News Highland – July 12, 2012 Previous articleMan drowns in Creggan reservoirNext articlePost Office in St Johnston robbed by masked men this morning News Highland Guidelines for reopening of hospitality sector published Google+ Facebook Twitter WhatsApp Pinterest WhatsApp Google+center_img Facebook Investigation launched to find who ploughed protected Donegal beach RELATED ARTICLESMORE FROM AUTHOR News 448 new cases of Covid 19 reported today Twitter NPHET ‘positive’ on easing restrictions – Donnelly Help sought in search for missing 27 year old in Letterkenny Calls for maternity restrictions to be lifted at LUH Three factors driving Donegal housing market – Robinson last_img read more

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Minister gives no guarantees on future of Lifford Community Hospital

first_img RELATED ARTICLESMORE FROM AUTHOR Minister gives no guarantees on future of Lifford Community Hospital Guidelines for reopening of hospitality sector published By News Highland – January 13, 2012 Google+ Facebook Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week Calls for maternity restrictions to be lifted at LUH Previous articleFactory collapse closes Foyle Road from lower deck of Craigavon bridge in DerryNext articleFears grow for future of remaining 15 workers at Oatfield Confectionery News Highland Donegal Senator Brian O’Domhnaill has called for an initiative to bring community nursing units into line with modern standards.He was speaking after exchanges in the Seanad with Junior Health Minister Kathleen Lynch, who could give him no guarantees on the future of Lifford Hospital.Ms Lynch said the Department of Health is awaiting proposals from the HSE which are likely to include consolidation of services and changes in staffing and work practices.Ms Lynch stressed the proposals will have to comply with restrictions on funding and staffing.However, Senator O’Domhnaill says an improvement programme would act as a stimulus to the economy, as well as upgrading the country’s health infrastructure…….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/01/brian830.mp3[/podcast] Pinterestcenter_img News Facebook WhatsApp Google+ NPHET ‘positive’ on easing restrictions – Donnelly LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Three factors driving Donegal housing market – Robinson Pinterest Twitterlast_img read more

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Bogside graffitti praising Ronan Kerr murder disgusting

first_img Google+ News By News Highland – April 5, 2011 Twitter Twitter LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Bogside graffitti praising Ronan Kerr murder disgusting Guidelines for reopening of hospitality sector published Facebook Google+ RELATED ARTICLESMORE FROM AUTHORcenter_img Pinterest Pinterest WhatsApp Graffiti praising the murder of PSNI constable Ronan Kerr and threatening further attacks has been daubed on walls in Derry.The slogans were painted in the Bogside estate, an area with a predominantly republican population.One read: “GAA cops, look what use (sic) got”. It refers to Constable Kerr’s membership of a Gaelic football club.The graffiti is being painted out and has been condemned by politicians.Speaking on todays Shaun Doherty Show outgoing SDLP MLA Pat Ramsey said those responsible do not represent the people of Derry in any way:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/04/pram1pm.mp3[/podcast] NPHET ‘positive’ on easing restrictions – Donnelly Facebook Three factors driving Donegal housing market – Robinson Almost 10,000 appointments cancelled in Saolta Hospital Group this week Calls for maternity restrictions to be lifted at LUH Previous articleRonan Kerrs funeral to be held tomorrow at 12 noonNext articleSwilly Group wins Donegal Business of the Year 2011 News Highland last_img read more

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Senator Jimmy Harte to back Social Welfare Bill in the Seanad

first_img Guidelines for reopening of hospitality sector published Almost 10,000 appointments cancelled in Saolta Hospital Group this week By News Highland – December 17, 2012 WhatsApp Facebook Senator Jimmy Harte to back Social Welfare Bill in the Seanad Pinterest Previous articleFewer people calling the fire service – 2013 costs revealedNext articleMultiple vehicle RTC on Letterkenny’s Port Road News Highland WhatsApp Calls for maternity restrictions to be lifted at LUH News Google+center_img Google+ Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Pinterest Facebook RELATED ARTICLESMORE FROM AUTHOR Twitter Twitter LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Need for issues with Mica redress scheme to be addressed raised in Seanad also Labour minister Pat Rabbitte has called for discipline among the Senators in his party who are considering voting against  the social welfare bill in the Dail.At least four Senators have expressed reservations about supporting the bill which begins its passage through the Seanad tomorrow.Donegal Labour Senator Jimmy Harte says he will be voting in favour of the Bill.The Coalition has a tight majority in the Seanad, with only 31 of the 60 members.Communications Minister Pat Rabbitte says dissenting Senstors need to show discipline:last_img read more

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Donegal man sent to prison for raping ex-partner

first_img Almost 10,000 appointments cancelled in Saolta Hospital Group this week Need for issues with Mica redress scheme to be addressed raised in Seanad also Facebook Donegal man sent to prison for raping ex-partner Pinterest Facebook Calls for maternity restrictions to be lifted at LUH Newsx Adverts Previous articleHeating exchanges in Seanad over Septic Tank BillNext articlePSNI renew appeal over Derry Halloween attack News Highland Google+ Twitter Google+center_img By News Highland – November 16, 2011 WhatsApp Twitter Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Pinterest Guidelines for reopening of hospitality sector published LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp A Donegal man who raped his ex-partner in front of their infant child has been sentenced to six years in prison.During the attack the man tried to rape the woman seven times before succeeding.The 25-year-old pleaded guilty at the Central Criminal Court to rape of the woman at his home on February 26, 2010. He has several previous convictions including theft, assault and burglary.Mr Justice Garrett Sheehan said he had taken into account the nature of the offence and the “courageous and hopeful note on which the woman concluded her victim impact report.”He noted that the man is now in a new relationship and is expecting a child with his partner who seems to be having an extremely positive influence on him.Mr Justice Sheehan said he had taken into account the man’s plea of guilty, his remorse and apology.He said his personal involvement with his daughter’s upbringing, prior to the offence, was commendable and added that being registered a sex offender is a vey real punishment which will impact on his life once he is out of prison.He suspended the final two years of the sentence but added that the man “still has a way to go to really understand the impact this offence has had on his first family”.A local detective garda told prosecuting counsel, Mr Paul Coffey SC, that the man and the victim lived together and had a child before they separated in 2009.They took turns to mind the child and on the day of the attack the woman was leaving it with her partner at his home. They both washed and played with the child before putting her to bed in her cot.The man then attacked his ex-partner and held her on the bed. He tried to rape her several times before succeeding. The baby was in the room at the time.During the rape, the victim was shouting to stop and he threatened to tie her to the bed. Afterwards he refused to return the child to her and threatened her with revenge if she went to gardai. She promised not to and he let her go.When the victim got home her mother noticed she was pale and asked what was wrong. The woman said she had been raped and gardai were called. He was arrested and denied having any sexual contact with the woman. DNA evidence was later found linking him to the rape.Defence counsel, Mr John Whelan SC, said his client “misread the situation” and had the impression the sex was consensual. He said he stopped once he realised the woman wasn‘t consenting.Mr Whelan called it a “once-off, spur of the moment incident” and said the man pleaded guilty to spare his partner the ordeal of trial.He said the man is of ‘limited intelligence’ and fell into drugs after dropping out of school © Highland Radio 2011 RELATED ARTICLESMORE FROM AUTHORlast_img read more

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Mayor of Letterkenny calls for roadside drinking fountains in town

first_img Pinterest By News Highland – December 13, 2012 Twitter Google+ RELATED ARTICLESMORE FROM AUTHOR Mayor of Letterkenny calls for roadside drinking fountains in town Facebook Facebook Google+ Dail to vote later on extending emergency Covid powers WhatsApp Man arrested in Derry on suspicion of drugs and criminal property offences released center_img The Mayor of Letterkenny has called for the provision of roadside drinking water fountains at strategic locations around the town to reflect the large number of people walking and jogging in the area.Cllr Dessie Larkin also said he attended last week’s Tourist Town awards in Dublin which saw Letterkenny beaten to the top spot by Portmagee in County Kerry in the new initiative which arose from the Tidy Towns competition.However, he says having been successful in a process which saw the number of nominees cut from 100 to 46, and finally to 10, Cllr Larkin says Letterkenny’s performance was hugely creditable, and provides a very strong basis from which to develop………[podcast]http://www.highlandradio.com/wp-content/uploads/2012/12/dlark1pm.mp3[/podcast] WhatsApp Previous articleLetterkenny solicitor will have to pay legal bill for unsuccessful case against CouncilNext articleCarrick residents increasingly concerned at high levels of chemicals in water News Highland News Twitter HSE warns of ‘widespread cancellations’ of appointments next week Dail hears questions over design, funding and operation of Mica redress scheme Pinterest PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more

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