DSNews Webcast: Monday 6/17/2013

first_img About Author: DSNews Share Save DSNews Webcast: Monday 6/17/2013 2013-06-17 DSNews June 17, 2013 526 Views in Featured, Media, Webcasts Demand Propels Home Prices Upward 2 days ago Subscribe Related Articles Sign up for DS News Daily Previous: Wells Fargo Borrowers Pay off $50M in Principal Using Home Rebate Card Next: Builder Confidence Surges to 7-Year High in June 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 Data Provider Black Knight to Acquire Top of Mind 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Featured / DSNews Webcast: Monday 6/17/2013 Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Freddie Mac Encourages Homebuyers to Utilize Housing Counselors

first_img 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. Servicers Navigate the Post-Pandemic World 2 days ago Previous: House Committee Schedules Hearings Marking Anniversary of Dodd-Frank Next: DS News Webcast: Tuesday 7/7/2015 in Daily Dose, Featured, News, Secondary Market Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Counseling Freddie Mac Housing Counselors HUD Related Articles Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily For first-time homebuyers looking for information or a guide through the complicated buying process, the best option is a conversation with a housing counselor, according to a blog post from Freddie Mac on Monday.For those buyers who have no idea how to begin the process, might have less-than-perfect credit, might have questions about whether or not they can even afford a home, or concerns about how to avoid being cheated by those deals that seem “to good to be true,” Freddie Mac recommends the best course of action is visiting with a housing counselor.”Counselors are trained to help in a variety of situations – from giving advice to someone who’s exploring homeownership for the first time, to helping a future homeowner overcome past credit problems (or lack of any credit history at all),” Freddie Mac wrote on its blog. “The U.S. Department of Housing and Urban Development (HUD) maintains a list of approved housing counselors across the country, and these services are offered free of charge.”Counseling may reduce the risk of a first-time homebuyer becoming seriously delinquent by an average of 29 percent on affordable mortgages that required pre-purchase housing counseling, according to research from Freddie Mac. The study also found that one-on-one counseling, classroom counseling, and home study via the Internet, which are the three most common types of housing counseling, are equally effective.In order to help buyers achieve successful and sustainable homeownership, Freddie Mac is offering pre-purchase counseling and financial literacy education on its expanded Borrower Help Centers and Network. There are also resources available on housing counseling on Freddie Mac’s new My Home website, just launched last month.Freddie Mac is not the only government housing agency that is more widely publicizing the benefits of housing counseling as of late. In early June, HUD announced the launch of a new website, hudhousingcounselors.com, that is designed specifically for HUD-approved housing counseling agencies. HUD’s site offers a wide range of free online training for housing counselors designed to help prepare them for the upcoming mandatory HUD-certified counselor examination. Topics covered on HUD’s website include responsibilities of homeowership and tenancy, avoiding foreclosure and eviction, fair housing, and financial management. Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago July 6, 2015 2,173 Views The Best Markets For Residential Property Investors 2 days ago Freddie Mac Encourages Homebuyers to Utilize Housing Counselors  Print This Post Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Counseling Freddie Mac Housing Counselors HUD 2015-07-06 Brian Honea Home / Daily Dose / Freddie Mac Encourages Homebuyers to Utilize Housing Counselorslast_img read more

Delgado Applauds Passage of Ohio Foreclosure Fast Track Bill, Urges Senate to Act

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago On the topic of blight in residential neighborhoods, Ohio-based Safeguard Properties Chairman Robert Klein said, “A vacant and abandoned house is not a bottle of wine. It doesn’t get better with age.”The state of Ohio is taking steps to remedy the vacant and abandoned property crisis, however, and the rest of the country may follow suit. A bill that would reduce foreclosure timelines and therefore shorten the amount of time that residential properties remain vacant in Ohio passed by a unanimous 88-0 vote in the Ohio House of Representatives earlier this week.Ohio HB 134 is the second attempt at passing a “fast track foreclosure” bill in the state of Ohio in order to expedite the residential foreclosure process after a similar bill failed last year in the Ohio Senate. Just as Ohio HB 134 did on Tuesday, the previous bill passed unanimously in the state’s House last year. The legislation, if it passes in the Ohio Senate, would reduce the lengthy foreclosure process in Ohio from its current timeline of two to three years or longer down to as low as six months in many cases.For the mortgage industry, the passage of Ohio HB 134 represents a step toward solving what Five Star Institute President and CEO Ed Delgado termed a “community crisis of national proportion.”“I applaud the Ohio House of Representatives for passing this bill, and I am pleased that it received such overwhelming support,” Delgado said. “Reducing the amount of time that properties are vacant will ultimately eliminate neighborhood blight and prevent the calamities that often accompany it, such as vandalism, violent sexual assault, drugs, prostitution, and overall deterioration of communities. This bill will take steps to ensure that these magnets for crime will be more quickly rehabilitated and promote the safety of neighborhoods across the state. I urge the Ohio Senate to act quickly in passing this bill.”Ohio State Rep. Cheryl Grossman, a joint sponsor of Ohio HB 134, stated, “To be able to shorten this process from two to three years down to six months benefits everyone. I think it will have a huge impact. This is something that’s not unique to one area of the state. There are problems throughout the state and throughout our country on what falls in this category. What we can do to respect the homeowners that are maintaining their properties and being responsible and not have to have a boarded-up house next to them, that is huge.”“A vacant and abandoned house is not a bottle of wine. It doesn’t get better with age.”Robert Klein, Chairman, Safeguard Properties The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Fast track foreclosure bill Ohio Safeguard Properties Vacant and Abandoned Properties 2015-11-18 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Previous: CoreLogic Unveils Enhanced Home Equity Data Offerings Next: Fed Reform, Mortgage Access Bills Under Threat of Veto from the White House in Daily Dose, Featured, Foreclosure, News Tagged with: Fast track foreclosure bill Ohio Safeguard Properties Vacant and Abandoned Properties Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago The bill now moves on to the Ohio Senate, where it ran into problems last year. But Ohio HB 134 has some strong backing that may give the bill the lift it needs in order to pass the Senate and become law.“We know the people in the Senate who are very involved in this project, including the Governor’s office, and we’re going to keep pushing to make this thing pass,” Grossman said. “I feel pretty confident that once it passes in Ohio, other states will pick up on it.The idea for the bill was first proposed by Columbus City Attorney Rick Pfeiffer, and Ohio HB 223 was introduced to the Ohio Senate in June 2013 by Grossman, a Republican, and Ohio State Rep. Michael Curtin, a Democrat. The bill passed unanimously in the Ohio House in April 2014, but then an amended version of the bill failed to make it out of the Ohio State Senate Finance Committee when it was introduced there eight months later in December. A new version of the bill, Ohio HB 134, was introduced earlier this year by the same two joint sponsors, Grossman and Curtin.The changes to Ohio HB 134 from the bill that did not pass in the Ohio Senate last year include:additional criteria defining a property as vacant and abandoned (three things from a checklist instead of two);a high burden of proof (clear and convincing evidence) that the criteria for defining a property as vacant and abandoned are met;a requirement that the mortgagor must be in monetary fault, along with a burden of proof;a statement that if another mortgagee or defendant has filed an answer or objection, it will preclude the expedited foreclosure;allowing the purchaser to file a motion with the court to proceed with the transfer of the property title if the deed is not prepared within 14 days, and the recording of the court order or confirmation of sale can act as the transfer of title (the previous bill allowed only the recording of the court order to act as transfer of title without first going through the court motion process;and a requirement that the officer record the deed within 14 days after the confirmation of sale and payment of the balance due, not one or the other.“This preserves the original intent of the bill to allow for an expedited process to foreclose on vacant and abandoned homes while not impeding the homeowners’ rights,” Grossman said. “It also allows second and subsequent attempts at sheriffs sales to be conducted without a minimum bid. This will aid in selling more foreclosed homes to reduce the number of empty houses in our neighborhoods, greatly preventing and reducing the number of blighted homes.”If Ohio HB 134 passes in the Ohio Senate, Ohio would be the eighth state since 2009 to pass a fast track foreclosure law. The others are Michigan, Oklahoma, Kentucky, Indiana, New Jersey, and Nevada. As is the case in Ohio, the majority of these are judicial foreclosure states, meaning the foreclosure process must pass through the courts to be complete; the only one of the aforementioned states where the foreclosure process is completely non-judicial is Michigan.Ohio’s bill raises the possibility of fast track foreclosure legislation at the national level. Delgado, who spoke on the topic of finding solutions for neighborhood blight and vacant properties at the National Property Preservation Conference in Washington, D.C. earlier this week, called Ohio HB 134 “an important template toward the introduction of a national course of solution for vacant and abandoned properties.”“This is the first bill that actually details that once you get a property that is vacant and abandoned, it will be fast-tracked to about six months on the foreclosure,” Klein said. “That is going to have a tremendous, tremendous impact on vacant and blighted properties. We still have a way to go, but this is definitely the first push. The sooner we get this bill passed in the Ohio Senate, I think it will have an impact on community blight on a national scale.” Delgado Applauds Passage of Ohio Foreclosure Fast Track Bill, Urges Senate to Actcenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland.  Print This Post November 18, 2015 2,324 Views Home / Daily Dose / Delgado Applauds Passage of Ohio Foreclosure Fast Track Bill, Urges Senate to Act Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Share Save Related Articles The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

JPMorgan Chase Names New CEO of Mortgage Banking

first_img About Author: Brian Honea JPMorgan Chase Names New CEO of Mortgage Banking  Print This Post Demand Propels Home Prices Upward 2 days ago December 9, 2015 5,321 Views Mike WeinbachMike Weinbach, currently the CEO of Mortgage Servicing with JPMorgan Chase, has been named Chase’s new CEO of Mortgage Banking, the bank confirmed on Wednesday afternoon.Weinbach has been with JPMorgan Chase for 12 years and served in a number of roles, including positions with Consumer Banking, Business Banking, Auto, and Mortgage. For the past two years, he has served as CEO of Mortgage Servicing with Chase.“He’s been successful in every capacity—he’s run sales, been a CFO, and managed large business roles,” said Gordon Smith, CEO of Consumer and Community Banking (CCB) with JPMorgan Chase. “And he’s done a fantastic job leading the tough business of Mortgage Servicing. We know he will continue to do well executing our strategy in Mortgage Banking.”Weinbach will be replacing Kevin Watters as CEO of Mortgage Banking with JPMorgan Chase. Watters, who has been with JPMorgan Chase since 1999, will replace Eileen Serra as CEO of Card Services with the bank. Serra is stepping down from her role as CEO of Card Services to become an adviser to JPMorgan Chase.The transitions will all occur in January. Weinbach will announce his successor as CEO of Mortgage Servicing in the coming weeks, according to JPMorgan Chase.Kevin WattersThe bank’s Q3 earnings report indicated $32 billion in revenue year-to-date in 2015 through the end of September.“I’m proud of the progress we have made developing top leaders at CCB and the disciplined process we have built around succession for key roles,” Smith said. “These moves are all the result of thoughtful development plans for our leadership team. People often have questions when leadership changes, but having known, experienced leaders take over top jobs at CCB is a sign of the strength of talent we have at JPMorgan Chase. Eileen, Kevin and Mike are three of our best, and I’m pleased that they are making moves they are all excited about.” 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. Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Are we Driving into Another Housing Bubble? Next: Fannie Mae Change Aimed at Helping More Struggling Borrowers Avoid Foreclosure Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Newscenter_img Home / Daily Dose / JPMorgan Chase Names New CEO of Mortgage Banking Banks JPMorgan Chase Mortgage Banking 2015-12-09 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Banks JPMorgan Chase Mortgage Banking Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

FHFA: Four Regulatory Focuses for 2017

first_img  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago FHFA: Four Regulatory Focuses for 2017 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Federal Home Loan Bank Directors’ Conference FHFA FHLBank Funding Mel Watt Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Federal Home Loan Bank Directors’ Conference FHFA FHLBank Funding Mel Watt 2017-05-23 Brianna Gilpin Servicers Navigate the Post-Pandemic World 2 days ago May 23, 2017 1,572 Views Previous: Freddie Funds $28B in Mortgages Next: Foreclosures Hit 10-Year Low, Despite April Uptick Related Articles Melvin Watt, Director of the Federal Housing Finance Agency (FHFA), spoke about the FHFA and the FHLBanks at the 2017 Federal Home Loan Bank Directors’ Conference Tuesday. He began with positive news about FHLBank performance.“Building on the financial strength of the System in 2015, the FHLBank System had its most profitable year in history last year, with net earnings of $3.4 billion,” Watt said. “This level of profitability benefited from some FHLBanks’ private-label securities litigation settlements, which contributed $952 million of the total.”According to Watt, the FHLBanks’ 2016 net income generated $392 million in Affordable Housing Program (AHP) funding, which pushed the average contribution for the last five years to over $300 million a year. These numbers, he urged, should make attendees members very comfortable about the strength of the system.Watt mentioned there were a number of regulatory issues related to the four critical and interrelated areas of FHFA’s supervision of the FHLBanks that should be focused on: funding, liquidity, capital, and large member concentrations. A main concern, heavy reliance of FHLBank short-term funding of longer-term assets, can strain the systems capacity to issue short-term debt at attractive spreads. Watt said he raised this concern at last year’s Federal Home Loan Bank Directors’ Conference.“Changes in the rules governing money market funds have been the main driver of an increase in demand for FHLBank short-term debt,” Watt said. “That increase in demand was a significant factor behind the attractive terms the FHLBanks received when financing their short-term debt during 2016.”The second priority Watt mentioned was examining FHFA’s existing FHLBank liquidity requirements in order to determine what standards should be put in place for the future.“The challenge the FHLBanks faced in issuing debt in 2008 to 2009 highlights the importance of setting the right overall liquidity standards,” Watt said. “Although the FHLBanks were able to issue short-term debt at attractive rates during that time, they were not able to issue longer-term debt at attractive rates. Of course, the challenge is always deciding what liquidity standard is prudent for both normal times and times of economic stress.”Third, Watt discussed needing to ensure that the FHLBanks have adequate capital. Watt believes that there is opportunity to take advantage of new data and modeling improvements to allow FHFA to get into compliance with the Dodd-Frank Act’s requirement to remove references to or reliance on ratings from the Nationally Recognized Statistical Rating Organizations.“The new Rule will not prohibit the FHLBanks from using these ratings as part of their own methods to assess the credit risk of assets,” said Watt. “Again, our obligation is to ensure that the FHLBanks hold sufficient capital to operate safely and soundly through good times and bad.”Lastly, Watt highlighted that the FHFA will be looking at each of FHLBank’s policies and practices regarding large member borrowing in order to ensure that each FHLBank is pricing their advances to large members appropriately. If a large member decreases demand for advances or is unable to repay its advances, Watt wants to make sure the proper contingency plans are in place.“FHFA is continuing to consider ways to address concerns regarding funding, liquidity, capital, and large member concentrations, as well as other issues, to ensure the stability of the FHLBank System,” concluded Watt. “As always, we will carry out this work in a transparent manner, and we look forward to working with you to do so.” Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days agocenter_img Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / FHFA: Four Regulatory Focuses for 2017 Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brianna Gilpin in Daily Dose, Events, Featured, Government, News Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

HUD Approves Florida Disaster Plan—What You Need to Know

first_img Ben Carson HUD Hurricane Irma hurricanes Natural Disasters 2018-06-28 David Wharton Share Save 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] Previous: Comparing Home Seller Profits With Median Down Payments Next: Fannie Mae Announces Winner for Non-Performing Loan Sale in Daily Dose, Featured, Government, Journal, News Things should soon be looking sunnier in the Sunshine State, thanks to a just-approved $616 million U.S. Department of Housing and Urban Development (HUD) initiative to help Floridians rebound from Hurricane Irma. HUD Secretary Ben Carson gave the go-ahead to the disaster recovery plan, funded via the agency’s Community Development Block Grant-Disaster Recovery (CDBG-DR) program. The program mandates that grantees devise a “thoughtful recovery program informed by local residents.”“As we move along the road to recovery, HUD will be right by Florida’s side to help in any way we can to make the state whole again,” Secretary Carson noted.The news came only days after HUD gave the greenlight to a similar recovery plan for Texas.For his part, Florida Gov. Rick Scott ballyhooed the announcement and said recovery efforts will remain in full swing until all of the affected regions within the state have bounced back. “We won’t stop working until all of Florida’s communities have fully recovered,” he said.To hammer away at the region’s manifold unmet needs, the state set its sights on a spate of housing and economic development recovery needs stemming from Hurricane Irma. It designed the following programs in response:Housing Repair Program ($273.3M) will rehab damaged residential units occupied by low- and moderate-income families. Workforce Affordable Rental New Construction Program ($100M) will ease the creation of affordable rental housing through an alliance with the Florida Department of Economic Opportunity and the Florida Housing Finance Corporation by leveraging CDBG-DR funds with low-income housing tax credits. It will also employ CDBG-DR funds for zero-interest loans for smaller developments.Land Acquisition for Affordable Workforce Housing ($20M) supplies financial backing for purchasing land for development into affordable housing, especially in spots where the lack of developable terrain makes it hard to build properties that the local workforce can rent at an affordable rate.Voluntary Home Buyout Program ($75M) helps bolster risk reduction through the voluntary purchase of residences in high flood-risk areas. To further slash flood risk and/or serve as recreational space for the public, participating communities are encouraged to develop plans for reusing the acquired land.Recovery Workforce Training Program ($20M) will buoy statewide workforce training with the goal of growing the skilled labor force needed to support long-term recovery, chiefly in the housing construction field.Business Recovery Grant Program ($60M) provides help for eligible business owners seeking reimbursement for the cost of replacing equipment and inventory damaged by Irma.Business Assistance to new Floridians from Puerto Rico ($6M) gives business plan guidance, accounting services, licensing information, and other resources to help people acclimatize to the state’s business environment.To read more about the effects of last year’s devastating hurricane season, click here. Demand Propels Home Prices Upward 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Ben Carson HUD Hurricane Irma hurricanes Natural Disasters About Author: David Wharton Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / HUD Approves Florida Disaster Plan—What You Need to Know June 28, 2018 2,216 Views center_img Servicers Navigate the Post-Pandemic World 2 days ago HUD Approves Florida Disaster Plan—What You Need to Know Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Related Articles The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

More than $400M Refunded to Veterans

first_img Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Home / Daily Dose / More than $400M Refunded to Veterans in Daily Dose, Featured, News Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Home Loans va loans Veterans The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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. Previous: Where First-Time Foreclosures Surged Next: Industry Reacts to Volcker Rule Revision October 9, 2019 940 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles About Author: Mike Albanese Share Save Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily More than $400M Refunded to Veterans Home Loans va loans Veterans 2019-10-09 Mike Albanese The Best Markets For Residential Property Investors 2 days ago A report by the Military Times reveals that Veteran Affairs officials have paid out more than $400 million in refunds of home loan funding fees following an inspector general’s report. The inspector general’s report found that tens of thousands of veterans were improperly charged extra fees when applying for the loans. According to the Military Times, VA officials have reviewed more 130,000 cases over the summer seeking errors, which mostly involved clerical mistakes or disability ratings changes after vets settled on their loans. Existing rules state that veterans and service members must pay a VA funding fee when they apply for a VA home loan, with costs between 0.5% and 3.3% of total lent money. The money is designed to offset administration costs for the department, but disabled veterans are exempt from the fee. The inspector general report released earlier this year, however, found that at least 53,000 disabled veterans had been charged the fees in recent years. VA officials said in May they would review current and past loans, and contact veterans eligible for refunds. VA Secretary Robert Wilkie said in a statement that the effort stretched back as far as 20 years ago. “Our administration prioritized fixing the problems and paid veterans what they were owed,” Wilkie said. The Military Times says the payout total was “significantly above” the nearly $290 million investigators estimated earlier this year. Refunds ranged from several thousand to more than $20,000. It was reported earlier this year that the volume of the amount of loans originated through the Department of Veterans Affairs came to 119,048 loans for $31.9 billion during the first three months of 2019. The average VA loan was $268,213.The Department of Veterans Affairs reported the overall loan volume for Q2 2019 (fiscal-year Q3) jumped to 155,685 loans for $44.1 billion.In an interview with MReport, Michael Oursler, Chief Credit Officer for NewDay USA, said leading the way for VA loan origination was fintechs, as the technology involved helps with quicker processing and more efficiency. It allows quicker closing times and a smoother transaction. Not that hitting a contract date for a civilian is not important, it’s just a little bit higher stakes in the military space, so being able to leverage technology to improve service is important. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

DS5: Embracing Diversity in the Mortgage Industry

first_img The Best Markets For Residential Property Investors 2 days ago This episode of DS5: Inside the Industry features Matthew Freeman, co-author of the book “Overcoming Bias”—which uses stories and exercises to help readers reflect on personal experiences and uncover how hidden biases are formed.Freeman will discuss what mortgage professionals can do to promote diversity and inclusion within the industry. He will also talk about the attention the subject has garnered from the House Financial Services Committee and the federal government.As Freemand notes, diversity is only going to increase in the U.S., and “it’s important for our industries, for our communities, for people to be paying attention to diversity and inclusion.”You can watch the full episode here or at the embed below. Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Fannie Mae Announces Additional Flexibilities Next: OCC Finalizes Community Reinvestment Act Rule Changes Demand Propels Home Prices Upward 2 days ago DS5: Embracing Diversity in the Mortgage Industry Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago Diversity DS5 2020-05-19 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 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 Tagged with: Diversity DS5center_img in Daily Dose, Featured, Market Studies, News  Print This Post Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / DS5: Embracing Diversity in the Mortgage Industry Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Seth Welborn 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 Sign up for DS News Daily May 19, 2020 1,287 Views last_img read more

Buncrana Council asked for contribution towards new arts centre

first_img Previous articleKenny in Glenties tonight for selection conventionNext articleDonegal Town ‘head shop’ subject to weekend attack News Highland Twitter Google+ Newsx Adverts Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey By News Highland – February 15, 2010 WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Buncrana Council asked for contribution towards new arts centre Buncrana Town Council has been told that the development of a Centre of Excellence for the arts in the town could be a major boost for the town, and would contribute significantly to the economy, as well as bringing tourists and enhancing Buncrana’s reputation nationally and internationally.Artlink has received 570,000 euro from government, and a further 100,000 euro in loans to develop such a centre, possibly at the site of the old garda station on St Oran’s Road.However, the catch is they need 144,000 euro in matching funding, and are asking the Town Council to provide it.Artlink Director Elaine Forde says if the money isn’t forthcoming, a major opportunity could be lost. Guidelines for reopening of hospitality sector published Google+center_img Almost 10,000 appointments cancelled in Saolta Hospital Group this week Pinterest Facebook RELATED ARTICLESMORE FROM AUTHOR Twitter WhatsApp Pinterest Calls for maternity restrictions to be lifted at LUH Facebook Three factors driving Donegal housing market – Robinson last_img read more

HSE puts action plan in place to deal with Letterkenny General over-crowding

first_img WhatsApp By News Highland – February 20, 2014 LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitter Need for issues with Mica redress scheme to be addressed raised in Seanad also Pinterest HSE puts action plan in place to deal with Letterkenny General over-crowding Facebook 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Dail hears questions over design, funding and operation of Mica redress scheme Management says the problem is in part as a result of the seasonal flux in hospital activity that traditionally takes place at this time of year.In addition only a small number of patients are expected to be finished their treatment at hospital today and discharged.The public is being asked to stay away from the  Emergency Department at Letterkenny General Hospital unless absolutely necessary.Management say this is an extremely busy this week with above average numbers of very ill patients requiring admission to the hospital.Management points out that Letterkenny General Hospital is still in post flood recovery mode and as such is operating with an interim Emergency Department with reduced capacity.The public are reminded to keep the Emergency Department for emergencies and to contact their GP or GP Out of Hours services in the first instance.The hospital says it is taking all steps to deal with the situation and the measures being put in place include deferral of most elective surgery.Opening of all available wards for patient care.Use of day services unit for inpatient care.Ensuring there are no unnecessary delays for diagnostic tests for patients in our Emergency Departments and our wards;Convalescence beds are being purchased when required from private nursing homes to facilitate discharge; and Working closely with all the hospitals in the Group – Sligo Regional Hospital, Galway University Hospitals,Roscommon Hospital, Portiuncula Hospital Ballinasloe and Mayo General Hospital – to ensure that capacity on all sites is maximised.center_img Pinterest Previous articleInishowen people in need of help waiting over 6 months to see MABSNext articleUPDATE – Search resumes in Bundoran after clothing is found on cliffs News Highland Twitter RELATED ARTICLESMORE FROM AUTHOR Minister McConalogue says he is working to improve fishing quota News Google+ Google+ WhatsApp Facebooklast_img read more