GDP Growth Healthy in Q2

first_img Share Save Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Demand Propels Home Prices Upward 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Previous: CFPB Takes Action Against Lending Scheme Next: Job Market Adds 218,000 Jobs in July Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Economy GDP The Best Markets For Residential Property Investors 2 days ago GDP Growth Healthy in Q2 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The U.S. economy experienced a sharp turnaround from the first quarter to the second, fueling hopes of a rebound as the rest of the year plays out.Real gross domestic product (GDP) increased at an annual rate of 4.0 percent in the second quarter of the year, according to an advance estimate released by the Commerce Department. Growth came in at the high end of a survey of economists, with the consensus forecast calling for an increase of 3.1 percent.GDP for the first quarter was also revised to reflect a 2.1 percent drop, a modest improvement over the estimated 2.9 percent contraction reported previously.The Commerce Department reported that the upturn over the latest quarter mostly reflected gains in private investment and exports as well as growing consumer spending. Increases in state and local government spending also contributed, as did improvements in both residential and nonresidential fixed investment.Acknowledging that part of the second-quarter growth is due to a rebound from a weather-weakened first quarter, Doug Handler, chief economist for IHS, said that recent trends point to better than average economic growth of 3.0–3.5 percent for the second half of this year as the labor market keeps expanding.”The data are consistent with an economy that can add 200,000-plus jobs per month for at least the next several months,” Handler said.The next employment situation report is due from the Bureau of Labor Statistics on Friday. Economists anticipate 233,000 jobs were added to payrolls in July, which would mark six straight months of growth above 200,000.The government’s second estimate for Q2 GDP, which will offer a more complete look at data, is scheduled for release August 28. About Author: Tory Barringer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago July 30, 2014 1,182 Views in Daily Dose, Featured, Headlines, Market Studies, News Economy GDP 2014-07-30 Tory Barringer Home / Daily Dose / GDP Growth Healthy in Q2 Subscribe The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

What Will Drive the Future Growth of the SFR Market?

first_img Previous: FICO: The ‘Credit Score Monopoly’ is a Myth Next: Kick Off: Ho-Ho-Housing News Ahead Despite Holiday Week  Print This Post Tagged with: Morningstar Multiborrower Securitizations Single-Family Rental Market Small Investors in Daily Dose, Featured, Market Studies, News Since Invitation Homes, a subsidiary of Blackstone Group, launched the first single-family rental securitization in November 2013, there have been 26 other deals with issuance totaling $13.81 billion, according to Morningstar’s Single-Family Rental Update for December 2015 issued this week.Only three of those 27 single-family rental securitizations have been multiborrower transactions—defined as deals that contain many loans made to smaller investors and usually backed by five or more properties. The rest have been single-borrower deals, which consist of a single loan to a large institutional investor.There are approximately 15.2 million single-family rental homes in the U.S., accounting for about 35 percent of all rentals in the country (43.3 million). Only 2 percent of single-family rental homes are owned by institutional investors, according to the Urban Institute. With the institutional investor share in the SFR market shrinking, the growth of the market ultimately depends on the issuance of more multiborrower securitizations and the financing of smaller investors, according to Morningstar.“As institutional acquisition has slowed as housing prices stabilize, Morningstar does not expect single-borrower issuance to be the driver of growth in the single-family rental market in the near term,” Morningstar said in its report. “Most market participants expect the growth of the single-family rental market to come from multiborrower single-family rentals.”Multiborrower issuance has been slow for a variety of reasons, primarily due to a lack of borrower awareness and administrative challenges in underwriting the loans, Morningstar said. The three multiborrower transactions out of the 27 were issued by B2R Finance, L.P., FirstKey Lending LLC, and Colony American Finance, LLC.Overall, Morningstar said the performance of all the single-family rental transactions have outperformed the company’s original forecast.“[C]ash flow coverage of debt service remains robust and delinquency rates low; vacancy and retention rates also remain in line with Morningstar’s forecast,” the report stated. “One area to keep an eye on is elevated capital expenditures, which can affect performance on several fronts, including lower net cash flow, a less effective debt yield trigger, and less protection from an interest-rate cap.”Click here to view Morningstar’s complete report. Subscribe 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. Home / Daily Dose / What Will Drive the Future Growth of the SFR Market? Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 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 Morningstar Multiborrower Securitizations Single-Family Rental Market Small Investors 2015-12-18 Brian Honea What Will Drive the Future Growth of the SFR Market? December 18, 2015 1,060 Views About Author: Brian Honealast_img read more

Fewer Serious Delinquencies Indicate Market Stability

first_img The Best Markets For Residential Property Investors 2 days ago With the housing market crash of 2008 more than seven years in the rear view mirror, default-related housing metrics have been considerably declining for a sustained period of time.One notable declining statistic that is a testament to returning stability in the housing market is that of residential mortgage loans that are seriously delinquent, or 60-plus days overdue. That number dropped from 1.97 million in November 2014 down to 1.65 million in November 2015, a decrease of 16 percent, according to data released by HOPE NOW.“Another key indicator of positive market stability is the decline in serious delinquency,” HOPE NOW Executive Director Eric Selk said. “HOPE NOW tracks those homeowners who are 60-plus days delinquent and we have reported a steady total of about 1.65 million borrowers for the past 5 months. This is a far cry from the nearly 2 million borrowers who were seriously delinquent just 18 months ago. This is a true testament to the hard work of the HOPE NOW Alliance and others, as well as the recent jobs report and economic recovery.”Black Knight Financial Services reported a similar decline in serious delinquencies in its December 2015 Mortgage Monitor released earlier this week. According to Black Knight, the number of residential mortgage loans that were 90-plus days past due but not in foreclosure totaled 808,000 at the end of December 2015, a decline of nearly 26 percent year-over-year from the nearly 1.09 million reported at the end of the year in 2014. The number of mortgages that were 30 days or more past due but not in foreclosure was 2.40 million in December 2015, an over-the-year decline of 15 percent (about 425,000 properties). According to Black Knight, it was the best calendar year performance for delinquencies since 2010.Despite the widespread overall drop in delinquencies, there are still isolated areas that need assistance, according to HOPE NOW. The alliance plans to continue its borrower outreach efforts with the same type of loss mitigation events which have been so successful for the last several years and particularly in 2015. The first one of the year will be in Tampa on February 10, at the CareerSource Tampa offices.“Several of the leading mortgage servicers and HUD approved non-profit counseling agencies will be on-site and provide free assistance to those homeowners in need,” Selk said. “HOPE NOW will be focused heavily on Florida this year as we work to help families in hard hit states.”Click here to view the Black Knight December 2015 Mortgage Monitor.Click here to view HOPE NOW’s November 2015 Mortgage Data.Black Knight December 2015 Mortgage Data Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Fewer Serious Delinquencies Indicate Market Stability Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea  Print This Post The Best Markets For Residential Property Investors 2 days ago Black Knight Financial Services HOPE NOW Seriously Delinquent Mortgages 2016-02-03 Brian Honeacenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Fewer Serious Delinquencies Indicate Market Stability February 3, 2016 1,091 Views Demand Propels Home Prices Upward 2 days ago Previous: Fairholme CEO: ‘Common Sense Solution Will Prevail’ in Battle Over GSE Profits Next: How is Low Inventory Affecting the Housing Market? Related Articles Tagged with: Black Knight Financial Services HOPE NOW Seriously Delinquent Mortgages The Week Ahead: Nearing the Forbearance Exit 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribelast_img read more

Foreclosure Prevention Efforts in Effect

first_img October 31, 2017 1,196 Views Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Headlines Home / Daily Dose / Foreclosure Prevention Efforts in Effect Previous: Hidden in Plain Sight Next: Rental Vacancies Poised to Drop Foreclosures HOUSING mortgage 2017-10-31 Nicole Casperson Tagged with: Foreclosures HOUSING mortgage Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Subscribe Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Savecenter_img Sign up for DS News Daily There are roughly 60,000 homes behind on their property taxes in Detroit, Michigan. Many of these homeowners may qualify for a full or partial property tax exemption—families facing financial hardship, residents living in poverty, and disabled veterans may be eligible to stay in their home with a recently announced program to combat foreclosure issues, according to a release from Quicken Loans Community Investment Fund (QLCIF). In light of these issues, QLCIF has partnered with the United Community Housing Coalition (UCHC) and eight community development organizations to address the pervasive issue of tax foreclosure in Detroit. This door-to-door outreach will attempt to reach all the residential properties behind on property taxes and connect residents at risk of tax foreclosure to resources.This program is part of a wider initiative to maintain the integrity of Detroit neighborhoods and ensure Detroiters have the opportunity to build equity as the city continues to grow.According to QLCIF, “underutilized tools to prevent foreclosure include a property tax exemption for owner-occupied homes and an option for disabled veterans.””No one organization can do this work alone,” said Laura Grannemann, VP of Investments for the QLCIF. “We need everyone working together to connect Detroit residents with the tools that will keep them in their homes and allow them to continue building equity as the city grows.”In May 2017, the QLCIF partnered with UCHC to knock on the doors of 3,300 occupants of Detroit homes facing the 2017 tax foreclosure auction. The outreach effort helped the residents of 2,100 homes ultimately avoid tax foreclosure and remain in their homes. The Best Markets For Residential Property Investors 2 days ago About Author: Nicole Casperson Foreclosure Prevention Efforts in Effect Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

The Week Ahead: Pending Home Sales Forecast Future Trends

first_img Demand Propels Home Prices Upward 2 days ago Previous: Rosenberg & Associates LLC Hires Two New Attorneys Next: Rubin Lublin Announces New Partner The Week Ahead: Pending Home Sales Forecast Future Trends The Best Markets For Residential Property Investors 2 days ago February 25, 2018 2,058 Views Related Articles About Author: David Wharton The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Home Sales NAR National Association of Realtors Pending Home Sales Pending Home Sales Index the week ahead Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Home / Daily Dose / The Week Ahead: Pending Home Sales Forecast Future Trends Demand Propels Home Prices Upward 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home Sales NAR National Association of Realtors Pending Home Sales Pending Home Sales Index the week ahead 2018-02-25 David Wharton Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The National Association of Realtors will release its Pending Home Sales Index at 10 a.m. on Wednesday, February 28. The Pending Home Sales Index tracks sales of existing homes in which a contract has been signed, but the deal is not yet closed. As such, NAR’s Pending Home Sales Index is a top indicator of where housing activity is headed in the weeks and months to come.In December, Pending Home Sales inched upwards by 0.5 percent, putting the Index also 0.5 percent higher year-over-year. NAR Chief Economist Lawrence Yun said of the December numbers, “Another month of modest increases in contract activity is evidence that the housing market has a small trace of momentum at the start of 2018. Jobs are plentiful, wages are finally climbing and the prospect of higher mortgage rates are perhaps encouraging more aspiring buyers to begin their search now. Sadly, these positive indicators may not lead to a stronger sales pace. Buyers throughout the country continue to be hamstrung by record low supply levels that are pushing up prices — especially at the lower end of the market.”Here’s what else is happening in The Week Ahead:S&P CoreLogic Case-Shiller HPI, Tuesday, 9 a.m. ESTFHFA House Price Index, Tuesday, 9 a.m. ESTJerome Powell to testify about the Fed’s semi-annual report on monetary policy and the economy before the House of Representatives, Wednesday, 10 a.m. ESTNAR Pending Home Sales Index, Wednesday, 10 a.m. ESTMBA Mortgage Apps Survey, Wednesday, 7 a.m. ESTConstruction Spending Report, Thursday, 10 a.m. ESTFed Balance Sheet, Thursday, 4.30 p.m. EST The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Headlines, Journal, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

Monitoring Mortgage Performance

first_img The Best Markets For Residential Property Investors 2 days ago The health of a mortgage market depends largely on its delinquency rates. To evaluate the current mortgage market, CoreLogic’s  Loan Performance Insights report examined all stages of delinquency as well as transition rates that are indicative of the percent of mortgages moving from one stage of delinquency to the next.  The report found that the national 30 days or more delinquency rate for August was 4 percent, a slight drop in overall delinquency from 4.6 percent last year.  The share of mortgages that transitioned from current to 30-days past-due was 0.8 percent in August 2018, dropping by 0.1 percentage point from July 2017. Compared to last year,  in January 2007, the current-to-30-day transition rate was 1.2 percent and peaked in November 2008 at 2 percent, preceding the financial crisis. “Declines in delinquency rates are good news for America’s homeowners and mortgage lenders. However, risks that create loan default like natural disasters, over-valued markets and an eventual rise in unemployment remain in the market. CoreLogic Market Conditions Indicator data has identified more than one-third metropolitan areas are overvalued, putting them at risk of price declines and rising delinquencies if local job losses should occur,” said Frank Martell, President and CEO of CoreLogic. On a state by state basis, serious delinquency of 90 days or more past due including loans in foreclosure increased in Alaska while Florida maintained the same rate. The remaining states experienced a decrease in serious delinquency rates, the report indicated. Serious delinquency is defined as 90 days or more past due including loans in foreclosure.The report revealed a decline in serious delinquencies in 13 metros, while the rates remained the same in 18 other metros that were examined by CoreLogic.  The report points out that 30-plus delinquency rate, the most comprehensive measure of mortgage performance, is near a 10-year low. Mortgages that transitioned from current to 30-days past due was 0.8 percent in August 2018, down 0.1 percentage rate from 0.8 in August 2017. Compared to January 2007, just before the start of the financial crisis, the current-to-30-day transition rate was 1.2 percent and peaked in November 2008 at 2 percent. The report concluded that “continued improvement in mortgage performance bodes well for the health of the U.S. market in 20 About Author: Donna Joseph Share Save Tagged with: CoreLogic Foreclosures Frank Martell mortgage Serious Delinquency  Print This Post The Best Markets For Residential Property Investors 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Monitoring Mortgage Performance November 13, 2018 1,468 Views Sign up for DS News Daily Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Monitoring Mortgage Performance in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Catastrophe in California Next: An Update on GSE Conservatorship CoreLogic Foreclosures Frank Martell mortgage Serious Delinquency 2018-11-13 Donna Joseph Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

CFPB Identifies Mortgage Servicing Violations

first_imgHome / Daily Dose / CFPB Identifies Mortgage Servicing Violations Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Sign up for DS News Daily The Consumer Financial Protection Bureau (CFPB) has released its Winter 2020 edition of its Supervisory Highlights. discussing the Bureau’s examinations findings in the areas of debt collection, mortgage servicing, payday lending, and student loan servicing that were completed between April 2019 and August 2019.Key findings include mortgage servicing regulation violations. According to the CFPB, one or more servicers were found to have violated the Regulation X loss mitigation notice requirements to notify borrowers in writing that a loss mitigation application is either complete or incomplete within five days of receiving the application; provide a written notice stating the servicer’s determination of available loss mitigation options within 30 days of receiving a complete loss mitigation application; and provide a written notice containing specified information when the servicer offers the borrower a short-term loss mitigation option based on an evaluation of an incomplete loss mitigation application.In examinations, examiners found that the servicers violated Regulation X by failing to notify borrowers in writing that an application was either complete or incomplete within 5 days of receiving the application.According to the CFPB, because the violations were caused, in part, by servicers’ efforts to handle an unexpected surge in applications due to natural disasters and occurred during a time period where the servicers were making specific efforts to address borrower needs arising from the natural disasters, examiners did not issue any matters requiring attention for these violations.  Instead, servicers developed plans to enhance staffing capacity in response to any future disaster-related increases in loss mitigation applications.The CFPB also found violations regarding payday lending. One or more lenders were found to have violated the Regulation B adverse action notice requirement by sending notices that stated one or more incorrect principal reasons for taking adverse action.  Such violations were attributed to coding system errors.  Print This Post Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles About Author: Seth Welborn Subscribe February 19, 2020 2,126 Views Demand Propels Home Prices Upward 2 days agocenter_img 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 The Best Markets For Residential Property Investors 2 days ago Tagged with: CFPB default Loss Mitigation in Daily Dose, Featured, Government, Loss Mitigation, News CFPB Identifies Mortgage Servicing Violations CFPB default Loss Mitigation 2020-02-19 Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: One-on-One With the Leader of Service Mac Next: Great Recession Recovery Recorded Across the Nationlast_img read more

White House Ripple Effects on Housing

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 1 day ago White House Ripple Effects on Housing The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / White House Ripple Effects on Housing Servicers Navigate the Post-Pandemic World 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. in Daily Dose, Featured, Government, News Previous: Best Homes Title Agency Expands Midwest Footprint Next: Fannie Mae Economist: When Will Economy Bounce Back? Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago 2020-08-18 Christina Hughes Babb  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Demand Propels Home Prices Upward 1 day ago The 2020 presidential race is pivotal for many reasons, including its implications for the housing industry, which often receives less attention on the campaign trail than other topics.   Yet, as America faces a historic shortage of homes for sale, researchers at Realtor.com take a close look at the manner in which each ticket might approach this vital issue, which could affect millions of Americans for years to come. Realtor.com’s Chief Economist Danielle Hale boils it down to two points of view—one shared largely among Republicans, the other among Democrats.  “When voters make a decision in November, the choices are largely preserving the status quo in the housing market versus expanding opportunities for minorities, low-income and lower-middle class households,” Hale said.  President Donald Trump has not released a specific housing plan, but his actions in office provide clues to what his future policies might be. “In the last four years, the homeownership rate has been going up, finally,” John Weicher, Director of the Center for Housing and Financial Markets at the Hudson Institute told Realtor.com. “Trump has recognized the importance of housing. It’s part of his strategy to rebuild the economy in the aftermath of the Great Recession, and it’s paid off.” A significant move by the Trump administration included pushing to privatize Fannie Mae and Freddie Mac (which back about half of America’s mortgages). Critics worry that the move could endanger the popular 30-year fixed-rate mortgage. At least, mortgage interest rates and fees could rise as a result of the change, according to Realtor.com. Also, the Affirmatively Furthering Fair Housing rule designed to encourage more affordable housing, has come to an end during the Trump administration—that  benefits wealthier towns and suburbs, which fought the Obama-era rule, fearing it might lower property values. Supporters of the rule argue that the rule’s eradication could hurt lower-income consumers. “The rule was one of the main achievements of his predecessor,” says Edward Goetz, an urban policy professor at the University of Minnesota in Minneapolis. “The end result could be that local governments don’t take fair housing as seriously.” Trump also enacted specific tax changes, detailed on Realtor.com, that will affect the housing market. Democratic hopeful Joe Biden last February published a detailed housing plan. Even those who support his plan say Biden’s aspirations will be tough to achieve.  “With the pandemic and the economic crisis, the affordable housing problems are only going to get worse,” Goetz said. “Recessionary conditions could make it tougher to find the money to enact these plans as local and state governments are scrambling for funding. The question is how much of this Biden can get through Congress—and how much of it can get funded.” One of Biden’s most popular ideas is a provision of a down payment tax credit of up to $15,000 for first-time homebuyers. However, some worry this proposal could be mistimed. “His idea of a down payment tax credit is great, but that might not be [the right] proposal for this market,” Hale said. “The housing market’s biggest problem today is the dearth of affordably priced homes. Right now we have too many buyers and not enough homes for sale.” If elected, Biden has pledged to help fight the racial housing gap related to lower homeownership rates for people of color.  He’s proposed creating a national standard for appraising homes to make sure properties in “communities of color” wouldn’t be assessed at less than similar homes in comparable white neighborhoods. “It’s intriguing and would likely help equalize the playing field,” Hale said. Biden has also proposed creating a public agency that would help raise the credit scores of minority home buyers by considering things like rental payment histories and utility bills paid on time.   Senator Kamala Harris’s addition to the Democratic ticket complements the Biden plan for housing, says Up For Growth, an organization focused on creating quality, affordable neighborhoods. For example, Harris introduced a Senate version of the Housing Is Infrastructure Act, a bill that supports low- and mixed-income housing through infrastructure improvements, investments in public housing, and expansion of funding to incentivize as much, locally.  As stated by Up For Growth earlier this week, “Solving the national housing crisis will take serious proposals from members of both parties and on both ends of Pennsylvania Avenue.”  About Author: Christina Hughes Babb The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 1 day ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 1 day ago Related Articles August 18, 2020 1,122 Views Subscribelast_img read more

DS5: Industry Leaders and Policymakers Confront Housing Challenges

first_img  Print This Post Related Articles Servicers Navigate the Post-Pandemic World 2 days ago The latest episode of DS5: Inside the Industry,  includes an interview with Tim Rood, Head of Government & Industry Relations at SitusAMC. He will discuss potential housing market risks in 2021, the end of forbearance moratoria, and how policymakers have handled housing challenges in the past.”What the housing market really is dealing with right now is a supply and demand issue, an affordability issue,” Rood says. Cristin Espinosa is a reporter for DS News and MReport. She graduated from Southern Methodist University where she worked as an editor and later as a digital media producer for The Daily Campus. She has a broadcast background as well, serving as a producer for SMU-TV. She wrote for the food section during her fellowship at The Dallas Morning News and has also contributed to Advocate Magazine and The Dallas Observer. 2020-12-07 Cristin Espinosa December 7, 2020 1,875 Views Share Save DS5: Industry Leaders and Policymakers Confront Housing Challenges Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Webcasts Subscribe 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 Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Cristin Espinosa Demand Propels Home Prices Upward 2 days ago Previous: Home Purchase Sentiment Down After Hitting ‘Peak’ Next: How Foreclosure ‘Wave’ Could Impact Housing Shortage Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Home / Daily Dose / DS5: Industry Leaders and Policymakers Confront Housing Challengeslast_img read more

Daniel company’s accounts show 5 million euro profit in three years

first_img WhatsApp Previous articleRespond road safety initiative being stepped up in RaphoeNext articleIrish Coast Guard considering its views on Malin Station’s future News Highland Pinterest Facebook Pinterest NPHET ‘positive’ on easing restrictions – Donnelly Google+ Google+ 448 new cases of Covid 19 reported today Twitter Calls for maternity restrictions to be lifted at LUH Twittercenter_img RELATED ARTICLESMORE FROM AUTHOR Daniel company’s accounts show 5 million euro profit in three years WhatsApp News Accounts filed by singer Daniel O’Donnell’s main company show a 2 million euro increase in profits from 2009 to 2011.However, the 50 year old says it’s not about the money, he just loves to sing.Returns recently filed by DOD Promotions Ltd, for the three years to last December show accumulated profits increased by 67 per cent over the period, from almost €3 million in 2009 to almost €5 million at the end of last October.However, the annual profits are declining, with profits of €307,000 last year, compared to €1.2m in 2009.The figures show that DOD Promotions Ltd received €429,277 last year from touring company Brockwell, and was due an additional €1 million from Brockwell Ltd at the end of the year.The abridged accounts for DOD Promotions Ltd show that last year the firm paid €127,369 in corporation tax. Help sought in search for missing 27 year old in Letterkenny Facebook Three factors driving Donegal housing market – Robinson By News Highland – August 23, 2012 Guidelines for reopening of hospitality sector publishedlast_img read more