DS News Webcast: Friday 5/20/2016

first_imgSubscribe in Featured, Media, Webcasts The April 2016 New Residential Construction report from HUD and the U.S. Census Bureau released this week, which measures quarterly housing starts and completions by purpose and design, found that single-family built-for-rent homes comprised 4 point 3 percent of all housing starts during the first quarter. That share is higher than the historical average of 2 point 8 percent but down from its peak of 5 point 8 percent which occurred in early 2013.For the last four quarters, single-family homes built-for-rent have totaled about 32 thousand, according to the National Association of Home Builders. That number has been on the rise—research from John Burns Real Estate Consulting indicated that approximately 25 thousand single-family detached homes were built for renting in all of 2014.About 36 percent of all residential home sales in February were all-cash transactions, according to data released by CoreLogic on Thursday. This number represents a decline of 2 point 5 percentage points year-over-year and about 11 percentage points from its peak of 47 percent reached in January 2011. CoreLogic estimates that if cash sales continue their current rate of decline, they will be back to their pre-crisis average of 25 percent by the middle of 2018. Demand Propels Home Prices Upward 2 days ago Related Articles Sign up for DS News Daily 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. About Author: Brian Honea DS News Webcast: Friday 5/20/2016 Home / Featured / DS News Webcast: Friday 5/20/2016 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago 2016-05-19 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Previous: Mike Heid Elected to Fannie Mae Board of Directors Next: Refinance Revolution—How Lenders Can Reach This Population Data Provider Black Knight to Acquire Top of Mind 2 days ago May 19, 2016 838 Views 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  Print This Postlast_img read more

Mortgage Production Contributes to BOA’s Strong Q3 Earnings

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Related Articles Share Save Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Bank of America managed to escape the fate that befell JPMorgan Chase, Citigroup, PNC, and Wells Fargo in Q3.Whereas those four banks all experienced a year-over-year decline in net income for the third quarter, Bank of America’s profit jumped by 7 percent in Q3 up to $5 billion and earnings per share climbed by 8 percent up to $0.41, compared with $4.6 billion and $0.38, respectively, last year in Q3, according to Bank of America’s third quarter earnings report released on Monday.A substantial increase in mortgage production was a large driver of the earnings growth for Bank of America in Q3. Total mortgage production, which includes first mortgage and home equity originations in consumer banking and GWIM (global wealth and investment management), spiked by 21 percent in the third quarter up to $20.4 billion. That amount represents UPB of home equity originations or principal amount of the total line of credit.“Strong client activity and good expense discipline combined to drive positive operating leverage as we continue to optimize and strengthen our balance sheet,” said Paul M. Donofrio, Chief Financial Officer for Bank of America. “With near-record levels of capital and liquidity, as well as robust underwriting standards, Bank of America is stronger, safer and better prepared to deliver for customers and clients than probably at any time in our history. We remain focused on delivering long-term value to shareholders. This quarter, we increased tangible book value per share by 11 percent while returning nearly $2.2 billion in capital to common shareholders.”The bank’s FICC (fixed income instruments, currencies, and commodities) rose by 39 percent in Q3 due to stronger performance globally across credit products, led by mortgages.“We delivered strong results this quarter by staying true to our strategy of responsible growth and focusing on the quality of the relationships with our customers and clients,” said Brian Moynihan, CEO of Bank of America. “We grew revenue, reduced expenses and continued to manage risk, resulting in a 17 percent increase in pretax earnings.”Click here to view Bank of America’s full Q3 earnings report. Demand Propels Home Prices Upward 2 days ago Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Subscribe Previous: The Week Ahead: Bank of America Reports Earnings Next: HUD’s Outlays Come in Lower Than Estimated Tagged with: Bank of America Q3 Earnings Report Bank of America Q3 Earnings Report 2016-10-17 Kendall Baer Demand Propels Home Prices Upward 2 days ago About Author: Kendall Baer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Mortgage Production Contributes to BOA’s Strong Q3 Earnings The Week Ahead: Nearing the Forbearance Exit 2 days ago October 17, 2016 1,509 Views Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News The Best Markets For Residential Property Investors 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 Mortgage Production Contributes to BOA’s Strong Q3 Earnings The Best Markets For Residential Property Investors 2 days agolast_img read more

CFPB Seeks to Address PACE Financing Rules

first_img in Daily Dose, Featured, Government, News Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Home / Daily Dose / CFPB Seeks to Address PACE Financing Rules March 4, 2019 1,391 Views Servicers Navigate the Post-Pandemic World 2 days ago Share Save On Monday, the Consumer Financial Protection Bureau (CFPB) issued an Advance Notice of Proposed Rulemaking (ANPR) on residential Property Assessed Clean Energy (PACE) Financing. The rule will address the direction given to the bureau on PACE financing under the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) that was signed into law in May 2018, CFPB said in a statement.“Today’s action is the next step in the Bureau’s efforts to implement the Economic Growth, Regulatory Relief and Consumer Protection Act as expeditiously as possible,” said Kathleen L. Kraninger, Director, CFPB. “I look forward to reviewing the comments in response to the questions we are asking to facilitate the required rulemaking.”Through the ANPR, the consumer watchdog is seeking information on written materials associated with PACE financing transactions, current standards and practices in PACE financing originations, civil liability under Truth in Lending Act (TILA) for violations of the Ability to Repay (ATR) requirements related to PACE financing as well as rescission and borrower delinquency and default, unique features of PACE, and potential implications of regulating PACE financing under TILA.According to the ANPR, PACE financing has been defined in the EGRRCPA as “financing to cover the costs of home improvements that result in a tax assessment on the real property of the consumer.” The law also directs CFPB to prescribe regulations that achieve two purposes on PACE financing, the CFPB said.The first objective is to carry out the purpose of TILA’s existing ATR requirements even for PACE financing. The existing ATR requirements prohibit creditors from making a residential mortgage loan unless they make a “reasonable and good faith determination” based on verified and documented information on the consumer’s ability to repay that mortgage. The ATR requirement is “to assure that consumers are offered and receive residential mortgage loans on terms that reasonably reflect their ability to repay the loans and that are understandable and not unfair, deceptive, or abusive.”The second objective, according to the CFPB relates to the regulations implementing EGRRCPA’s section 307 must apply TILA’s general civil liability provision for violations of the ATR rules that will apply to PACE financing. “That provision sets forth damages for TILA violations generally, as well as specific penalties for violations of the current ATR requirements.” ATR CFPB default Delinquencies EGRRCPA PACE financing Rules TILA 2019-03-04 Radhika Ojha Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Radhika Ojha Tagged with: ATR CFPB default Delinquencies EGRRCPA PACE financing Rules TILA Previous: Managing Risk in a Changing Mortgage Environment Next: Owning vs Renting in the Largest U.S. Metroscenter_img Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago CFPB Seeks to Address PACE Financing Rules Sign up for DS News Daily Subscribelast_img read more

New Regional Office Announced for National Mortgage Lender

first_img Servicers Navigate the Post-Pandemic World 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago May 1, 2019 760 Views Sign up for DS News Daily Planet Home Lending, LLC, a national mortgage lender and servicer, opened a regional office in Irving, Texas.As the company’s first Regional Operating Center (ROC), the 25,000-square-foot facility accommodates about 130 employees, and offers space to expand to house more employees.The ROC has five conference and training rooms, in addition to access to a large-scale meeting and conference center.Employees and departments previously based in Dallas have moved to the new office. This includes legal and enterprise risk management, credit policy, origination support service, national operations, human resources, IT, project management and servicing.  “As Planet Home Lending grows, we can tap into Dallas’ significant mortgage industry talent pool. It’s also a central meeting location for our executives and leadership, who are based in multiple states,” said Suzy Lindblom, Executive Vice President, National Operations. “The ROC gives us additional leverage in assisting our clients in Planet Home Lending’s national footprint.”Dallas is an enhancement to our already remarkable sites, like Meriden, Connecticut; Tampa, Florida; Columbia, Maryland; and Rochester and Melville, New York. The Dallas site supports our talented local mortgage processors as well as sales professionals in our regional offices and our national retention retail hubs.”Since 2017, Planet Home Lending has grown its employee base by 22% to support growth in the company’s retail footprint and the expansion of its correspondent and sub-servicing businesses. Tagged with: Bank Texas Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Featured, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save About Author: Mike Albanese Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Related Articles Home / Featured / New Regional Office Announced for National Mortgage Lendercenter_img Servicers Navigate the Post-Pandemic World 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago New Regional Office Announced for National Mortgage Lender  Print This Post Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Optimal Blue Launches Social Media Tool Next: GSE Q1 Update: From Foreclosures to Mortgage-Backed Securities Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Bank Texas 2019-05-01 Mike Albaneselast_img read more

CWCOT Webinar: Insights Into Critical Changes

first_img About Author: David Wharton Sign up for DS News Daily cwcot Webinar Webinars 2020-07-30 David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: CFPB Receives Record Numbers of Complaints During Pandemic Next: The Week Ahead: Learn More About CWCOT Changes The Best Markets For Residential Property Investors 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago July 30, 2020 1,349 Views Tagged with: cwcot Webinar Webinars 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] Related Articlescenter_img Earlier this month, HUD released Mortgagee Letter 2020-21, which provided long-awaited updates and clarifications related to the Claims Without Conveyance of Title program. Next Tuesday, August 4, the DS News webinar series brings you a complimentary webinar, presented by Auction.com and featuring insights from industry experts who will guide you through the changes, what they mean, and why they’re important.As noted in the letter, the FHA’s CWCOT program is “a claim option through which FHA pays insurance benefits to a Mortgagee after the sale of the property to a third party at the foreclosure of the FHA-insured mortgage or through a Post-Foreclosure Sale. With CWCOT, there is no conveyance of the property to HUD in exchange for payment of mortgage insurance benefits.”The program is designed to speed up “the disposition of foreclosed properties and [reduce] the amount of time a property sits vacant,” thus helping prevent urban blight and get these properties back into the hands of owner-operators.This DS News webinar, entitled, “CWCOT Update: What Servicers Need to Know,” will bring you commentary and insights from the following subject-matter experts:Wes G. Iseley, Senior Managing Director, Carrington Holding Company, LLC (moderator)Tim Rood, Head of Industry Relations, SitusAMCJesse Roth, SVP of Strategic Partnerships & Business Development, Auction.comDave Worrall, President, LoanCare, a ServiceLink CompanyAccording to the FHA’s statement, the guidance in the ML enhances CWCOT procedures by:Allowing a second appraisal upon vacancy for a property that had an exterior-only appraisal, where an interior appraisal could not be obtained;Allowing mortgagees to submit eviction costs and certain eligible property preservation expenses incurred during post-foreclosure sales opportunities;Allowing mortgagees to submit eviction costs and certain eligible property preservation expenses incurred during post-foreclosure sales opportunities;Updating the policy and allowable fee structure related to independent third-party providers that conduct foreclosure sales or post-foreclosure sales efforts under CWCOT procedures; andRegularly updating discounts in FHA Connection (FHAC) and change to tier-based pricing factors based on a property’s location, occupancy status, and appraised value. After the property’s appraised value has been established and the Commissioner’s Adjusted Fair Market Value (CAFMV) has been determined, authorized mortgagees may access the CAFMV via the link in FHAC at: https://entp.hud.gov/clas/index.cfm.To register for the webinar, click here. Home / Daily Dose / CWCOT Webinar: Insights Into Critical Changes The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post in Daily Dose, Featured, Foreclosure, Government, Journal, News, REO Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago CWCOT Webinar: Insights Into Critical Changes Subscribelast_img read more

Minister urges parent to register children for ‘free’ childcare

first_img By News Highland – January 13, 2010 WhatsApp Calls for maternity restrictions to be lifted at LUH WhatsApp Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitter Minister urges parent to register children for ‘free’ childcare Parents of eligible children and service providers in Donegal are being urged to register for the government new free preschool year programme if they haven’t already done so.The scheme replaces the early childcare supplement which saw parents paid one thousand euro directly – it was scrapped in the last budget.Children born between the 2nd of February 2005 and the 30th of June 2006 qualify for the new scheme.Children’s Minister Barry Andrews says with the deadline for applications extended it is not to late to sign up: [podcast]http://www.highlandradio.com/wp-content/uploads/2010/01/barr.mp3[/podcast]You can get more information about the programme and its availability in your area HERE Facebook Previous articleDeputy McGinley’s fears of a ‘lost generation’Next articleFine Gael to select by-election candidate next month News Highland Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeycenter_img Facebook Three factors driving Donegal housing market – Robinson LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton RELATED ARTICLESMORE FROM AUTHOR Twitter Pinterest Google+ Newsx Adverts Guidelines for reopening of hospitality sector published Pinterestlast_img read more

Donegal Deputy demands date for return of rheumatology services

first_img Dail to vote later on extending emergency Covid powers Google+ RELATED ARTICLESMORE FROM AUTHOR Twitter Pinterest Dail hears questions over design, funding and operation of Mica redress scheme News WhatsApp Donegal Deputy demands date for return of rheumatology services Facebook A Donegal Deputy has called on the Health Minister to immediately set a date for the reinstatement of rheumatology services in Donegal.Currently upwards of 500 Donegal patients with arthritis have to travel to Manorhamilton, Co Leitrim for treatment.Last year the Health Minister James Reilly gave a commitment that the rheumatology services would be reinstated, and Mary Coughlan gave a similar commitment in February 2011 when she was Health Minister.Donegal Deputy Charlie McConalogue says after several commitments a firm date must now be given:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/06/cmcc.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Google+center_img Pinterest WhatsApp Twitter Minister McConalogue says he is working to improve fishing quota Previous articleTyrone make three changes for Ulster Semi FinalNext articleMark English heads stateside for latest 800m battle News Highland By News Highland – June 13, 2014 Facebook 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Man arrested in Derry on suspicion of drugs and criminal property offences released HSE warns of ‘widespread cancellations’ of appointments next weeklast_img read more

Justice Minister defends Donegal Garda Station closures

first_img Previous articleDonegal teenager threatened with jail following assaultNext articleThomas Pringle TD slams government over PRSI News Highland Man arrested on suspicion of drugs and criminal property offences in Derry Pinterest Pinterest Facebook WhatsApp HSE warns of ‘widespread cancellations’ of appointments next week Facebook Google+ PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Justice Minister defends Donegal Garda Station closures Twittercenter_img News The Justice Minister is defending his decision to close five Garda stations in Donegal and another 95 stations around the country.Malin, Annagry, Glencolumcille, Brockagh and Churchill have been announced as the Garda stations closing in Donegal.Minister Alan Shatter says 98 per cent of the 100 stations that are closing are part time – and the vast majority only open for three hours a day and are staffed by only one officer.Minister Shatter says the closures will free up Gardai from behind desks:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/12/shatt830STATIONS.mp3[/podcast]Meanwhile Donegal North East Deputy and Sinn Fein Justice spokesperson Padraig MacLochlain has raised concerns that there could be an increase in crime if a number of district headquarters in the County are amalgamated.Deputy MacLochlain says that as well as these closures, there may be more to come:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/12/pad830STATIONS.mp3[/podcast] Dail to vote later on extending emergency Covid powers RELATED ARTICLESMORE FROM AUTHOR Dail hears questions over design, funding and operation of Mica redress scheme Man arrested in Derry on suspicion of drugs and criminal property offences released Google+ Twitter WhatsApp By News Highland – December 6, 2012 last_img read more

County manager says Letterkenny has excellent water quality

first_img Google+ County manager says Letterkenny has excellent water quality Facebook Man arrested in Derry on suspicion of drugs and criminal property offences released Dail to vote later on extending emergency Covid powers Newsx Adverts Dail hears questions over design, funding and operation of Mica redress scheme By News Highland – September 13, 2011 Facebook Pinterest HSE warns of ‘widespread cancellations’ of appointments next week Previous articleMan released in Denis Donaldson murder probeNext articleFire Hydrant audit underway in Letterkenny News Highland center_img Pinterest Google+ WhatsApp RELATED ARTICLESMORE FROM AUTHOR WhatsApp Twitter Letterkenny Town Council has been told that when water charges are introduced, the quality of water being supplied to households in the town will be closely scrutinised.Cllr Victor Fisher raised the issue of water supplies to Mc Neely Villas in the town, where he said residents are concerned about the water quality.County Manager Seamus Neely pointed out that tests from the Swilly Boreholes show the supply is totally safe, although it is harder than the previous supplies from Lough Salt. Mr Neely said engineers will look at specific cases where people are having problems.Cllr Jim Lynch said charges will raise the number of questions being asked about quality, and people won’t put up with second rate supplies.However, Seamus Neely says supplies in Letterkenny are of a high quality…….[podcast]http://www.highlandradio.com/wp-content/uploads/2011/09/neely1pm.mp3[/podcast] Watch: The Nine Til Noon Show LIVE Twitter PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegallast_img read more

Post-mortem to be carried out today on the body of Conall Kerrigan

first_img RELATED ARTICLESMORE FROM AUTHOR Post-mortem to be carried out today on the body of Conall Kerrigan Twitter 365 additional cases of Covid-19 in Republic By News Highland – August 25, 2015 Google+ Main Evening News, Sport and Obituaries Tuesday May 25th Pinterest Google+ A post-mortem is due to be carried out this morning on the body of Conall Kerrigan.The body of the 25 year old was discovered in the area of Bank Place in the city at around 10.20pm on Sunday evening.Detectives investigating his sudden death are making an appeal to the public.They say until the cause has been determined, his death is being treated as ‘unexplained’ and the circumstances leading up to the discovery of his body are being examined by police.Police are keen to gather as much information as possible about Conall’s movements in the period after he left the Metro Bar early on Sunday morning.They would particularly like to hear from anyone who was in the Bank Place or Foyle Street areas between 2.15am and 2.45am on Sunday morning.Detectives can be contacted at Strand Road Police Station by calling 101. 75 positive cases of Covid confirmed in North WhatsAppcenter_img Pinterest Further drop in people receiving PUP in Donegal Previous articleOne Direction tell fans: We are not splitting upNext articleSolicitor asks judge to jail his client for a lengthier period News Highland Gardai continue to investigate Kilmacrennan fire WhatsApp Twitter Homepage BannerNews Facebook Facebook Man arrested on suspicion of drugs and criminal property offences in Derry last_img read more