Fed: Economic Activity Increases Due to Better Weather

first_img Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Fed: Economic Activity Increases Due to Better Weather Data Provider Black Knight to Acquire Top of Mind 2 days ago April 18, 2014 653 Views Reports from the Federal Reserve’s 12 districts indicate economic activity has increased in most regions across the country since the end of February as the unusually harsh winter came to an end.As in the last Beige Book report, the word “weather” appeared more than 100 times in the Fed’s latest release, though the theme this time was generally one of improvement rather than sluggishness.According to the most recent update, eight districts—Boston, Philadelphia, Richmond, Atlanta, Minneapolis, Kansas City, Dallas, and San Francisco—characterized their economic expansion from March to April as “modest or moderate,” while Chicago reported a pickup in growth.Cleveland and St. Louis were the exceptions, each experiencing a decline in economic activity.In housing, reports were varied from district to district; however, “across most Districts, home prices rose modestly and inventory levels remained low.”Sales activity was harder to nail down: Kansas City, Dallas, and Richmond each reported a seasonal pickup in demand, while New York and Chicago continued to see mixed numbers attributed to cold weather. Major metros in the St. Louis and Minneapolis districts also reported weakness since the last Beige Book.Meanwhile, homebuilding activity grew in most districts, with only St. Louis, Minneapolis, and Cleveland seeing significant declines, in part due to rising costs for raw materials.Overall, the Fed reported increased loan demand, though residential mortgage borrowing was mixed or on the decline in the majority of districts.“[O]nly Dallas and San Francisco reported slight growth. New York, Philadelphia, Cleveland, and Richmond cited the inclement weather as a factor reducing home sales and therefore mortgage borrowing,” the report said.Credit standards were largely unchanged in most districts, though reports from San Francisco indicated tightening, while reports in Atlanta showed loosening standards.On the same day the Fed released its Beige Book, chair Janet Yellen took the stage at the Economic Club of New York.One of the biggest takeaways from Yellen’s speech was a projection of maximum employment—5.2 to 5.6 percent—by the end of 2016, which fits with the book’s report of “mixed but generally positive” labor market conditions across most districts.However, she also admitted that there are factors beyond the monthly headline unemployment rate to consider when gauging economic expansion: “For example, the share of the workforce that is working part time but would prefer to work full time remains quite high by historical standards. … The low level of labor force participation may also signal additional slack that is not reflected in the headline unemployment rate.”All things considered, Yellen’s comments and the tone of the latest Beige Book indicate the Federal Open Market Committee is likely to continue reducing the Fed’s monthly asset purchases in measured steps. The Best Markets For Residential Property Investors 2 days ago Share Save Tagged with: Beige Book Demand Federal Reserve Home Prices Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Fed: Economic Activity Increases Due to Better Weather The Best Markets For Residential Property Investors 2 days ago Previous: Axios Valuation Solutions Approved as AMC for Flagstar Bank Next: Freddie Mac’s Outlook for April Giving ‘Mixed Signals’center_img Subscribe Beige Book Demand Federal Reserve Home Prices 2014-04-18 Tory Barringer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles in Daily Dose, Featured, Government, Headlines, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Freddie Mac: Housing Market Loses Ground

first_imgHome / Daily Dose / Freddie Mac: Housing Market Loses Ground The Best Markets For Residential Property Investors 2 days ago Freddie Mac: Housing Market Loses Ground Data Provider Black Knight to Acquire Top of Mind 2 days ago October 27, 2014 1,074 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: DS News Webcast: Tuesday 10/28/2014 Next: Percentage of Short, Distressed Sales Falls to Three-Year Low The Best Markets For Residential Property Investors 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Employment Freddie Mac Jobs Multi-Indicator Market Index Purchase Loans 2014-10-27 Tory Barringer Sign up for DS News Daily The U.S. housing market took another step away from stable in August, losing ground even as more local markets showed positive momentum.Freddie Mac’s Multi-Indicator Market Index (MiMi) slipped 0.19 percent from July to a reading of 73.3 in August, the company reported. With the drop, the index’s three-month measure showed a 0.47 percent decline.On an annual basis, the national market improved 4.09 percent.A recently introduced measure, the MiMi gauges housing market conditions based on home purchase mortgage applications, payment-to-income ratios, proportion of on-time payments, and employment, comparing each component to its long-term stable range. An index value between 80 and 120 indicates a market based on stable ground, with readings below or above that range indicative of an environment either too weak to support long-term growth or too overheated to be sustainable.Since hitting a trough of 59.8 in September 2011, the index has rebounded 22.6 percent.Of the four indicators tracked, only the employment gauge was in a stable spot, falling half a percent to 92.9 as the economy continues to show strong job growth. Among the other three, payment-to-income ratios and mortgage delinquency improved over the month, climbing to readings of 69.3 and 66.4, respectively.The measure of home purchase applications, meanwhile, fell 0.73 percent to 64.6. As refinance volumes diminish, the purchase mortgage market has been slow to fill the open space.Despite August’s headline decline, analysts at Freddie Mac say the MiMi is showing promising trends, especially at the local level.”The bleeding has stopped from the rate increases from a year ago which is reflected in the stable picture at the national level,” said Frank Nothaft, VP and chief economist for Freddie Mac. “Moreover, we’ve seen a pick-up in the number of states and metros improving at the local levels based on their three month trend pointing once again to more housing markets working their way back to the fundamentals which is reflected in the key indicators MiMi tracks each month.”In August, 18 of the 50 states showed an improving three-month trend, as did 18 of the 50 metros tracked.Overall, 13 states and the District of Columbia have MiMi values in a stable range, with North Dakota (96.1), D.C. (93.5), Wyoming (91), Montana (89.4), and Alaska (87.7) ranking in the top five. Out of those, only North Dakota improved from July.Meanwhile, the same six metros remained on stable ground: San Antonio (90.9), Austin (87.0), Houston (83.6), Salt Lake City (83.6), New Orleans (83), and Los Angeles (82.8). Share Save Tagged with: Employment Freddie Mac Jobs Multi-Indicator Market Index Purchase Loanscenter_img in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Tory Barringer The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Subscribelast_img read more

SFR Securitizations Appreciating in Value

first_img November 24, 2015 1,958 Views  Print This Post Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Kroll Bond Ratings Agency Single-Family Rental Securitizations 2015-11-24 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Share Save SFR Securitizations Appreciating in Value Previous: What is the Cost of Delaying the Foreclosure Process? Next: CFPB Receiving Fewer Mortgage-Related Complaints on Ocwen About Author: Brian Honea While the single-borrower single-family rental (SFR) securitizations in Kroll Bond Ratings Agency’s rated universe has seasoned only 10 months on the average, the properties that have securitized are appreciating in value, according to KBRA’s Single-Borrower SFR Comprehensive Monitoring Report.It has been slightly more than two years since the first single-borrower SFR transaction was completed, when Invitation Homes brought a $479.1 million deal to the market backed by rental payments on approximately 3,200 single-family homes in five states in October 2013 (IH 2013-SFR1). The single-borrower SFR securitization market recently passed $13 billion in issuance with its 25th transaction.The 23 transactions in KBRA’s rated universe were issued by eight sponsors that own 157,000 properties; approximately 91,000 of those properties have been securitized and have appreciated by an average of 8.7 percent since the transactions’ respective issuance dates, according to KBRA. The most seasoned transactions experienced the most appreciation; the transaction with the highest level of appreciation was the very first one that was issued, IH 2013-SFR1, with 15.7 percent.Meanwhile, the level of appreciation decreased the later the vintage of the transaction. Collateral included in the transactions that were issued in 2014 has appreciated by an average of 9.8 percent, and that rate slows to 6.1 percent for collateral in transactions issued in 2015, according to KBRA.The Net Cash Flow (NCF) reported by servicers is 4.1 percent on average above the issuer’s underwritten cash flow at the time of securitization, KRBA said. For the seven transactions issued by Invitation Homes and one each issued by Starwood Waypoint Residential (SWAY) and Silver Bay, the NCF was higher than the sponsor’s underwritten figure at securitization; for 13 of the remaining 14 rated transactions, NCF was lower than the sponsor’s underwritten figure at securitization, KBRA reported.“The lower NCF can be attributed to multiple factors including vacancy, which generally trended to more normalized levels; higher than expected expenses; and certain assumptions in a sponsor’s property cash flow analysis that were overly optimistic,” KRBA said. “However, in all cases the net cash flows are well in excess of KBRA’s figures at securitization.”The contractual rent rates, or the rent per property, have increased by 3.4 percent on average across all transactions; the rental rates for transactions with vintages of 2013, 2014, and 2015 increased by 6.1, 4.0, and 2.2 percent, respectively. The transactions issued during those three years rose annually by 3.2, 3.4, and 4.8 percent, respectively; KBRA notes that the rental rate has not declined in any of the transactions since their issuance dates.Tenant retention rates remained low with an average of 76.6 percent across all transactions, while the current vacancy rate of 5.5 percent was reported to have increased for most transactions since issuance.“The low retention rate can generally be attributed to the lack of seasoning and decrease in occupancy from 100.0 percent at issuance to more normalized rate of 95.0 percent as of September 2015,” KBRA said. “(The increase in vacancy rate) was to be expected, as the collateral for many of the securitizations was 100.0 percent occupied at issuance.”Click here to view the complete report. Servicers Navigate the Post-Pandemic World 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. center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / SFR Securitizations Appreciating in Value in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Tagged with: Kroll Bond Ratings Agency Single-Family Rental Securitizations The Week Ahead: Nearing the Forbearance Exit 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 Related Articleslast_img read more

Starter Homes Feel the Market Pressure

first_img in Daily Dose, Featured, Journal, Magazine, Market Studies, News Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Share Save First-time Buyers Fixer-upper Home Prices Homebuyers HOUSING Housing Inventory Median-Value premium homes Starter Homes Trulia 2018-03-22 Radhika Ojha One of the major casualties of a national housing market defined by continuously rising prices and over-tight inventory is the starter home, according to the latest Inventory and Price Watch report by Trulia. Starter homes “have become scarcer, pricier, smaller, older, and more likely in need of some TLC than they were six years ago,” the report states. They have seen median prices climb 9.6 percent since last spring, while starter inventory hit a new low in Q1. Meanwhile, prices for trade-up and premium homes rose 7.5 percent and 5.2 percent, respectively. Overall housing inventory is actually up 3.3 percent from the first quarter in 2017. That’s the first time that’s happened since this same period in 2015. But “the rise in overall inventory masks the lopsided supply changes across the housing segment,” Trulia reported. In fact, starter home inventory plummeted 14.2 percent this quarter. “Homes are increasingly unaffordable,” Trulia reported. The share of income needed to purchase a home across starter, trade-up, and premium segments reached new highs, largely due to increases in mortgage rates since the start of 2018. The portion of income needed to buy a starter home surged up 4.2 percentage points since this time last year, up to 41.2 percent—well above the 30 percent maximum experts recommend. In addition to dwindling supply and escalating home prices, starter home buyers must also contend with homes on the market that are smaller and of a lower quality than they were six years ago. According to Trulia, quality for starter homes—which are, on average, nine years older than they were in 2012—appears to be on the wane as measured by a home’s age and the share of those that are fixer-uppers. Starter homes are also less likely to be move-in ready, with fixer-uppers comprising 11.2 percent of the starter home segment compared to 10.3 percent six years ago. Among all housing segments, fixer-uppers have actually decreased by 0.6 percentage points down to 4.8 percent, the report states. Their overall size is down too. “Starter homes shrunk by 2 percent in terms of square feet, while homes at higher price points grew by 8.6 percent more square feet,” Trulia reported.However some markets saw the share of fixer-uppers among starter homes rise considerably; Camden, New Jersey (12.8 percentage point increase), Philadelphia (8.5 percentage points) and Oklahoma City (8 percentage points) led markets where fixer-uppers became more common than they were in 2012, Trulia reported. Previous: Why Aren’t More Renters Becoming Buyers? Next: The Industry Pulse: Updates on Black Knight, Ginnie Mae, and More … The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: First-time Buyers Fixer-upper Home Prices Homebuyers HOUSING Housing Inventory Median-Value premium homes Starter Homes Trulia Related Articles March 22, 2018 2,237 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Home / Daily Dose / Starter Homes Feel the Market Pressure The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing.  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Scott Morgan Starter Homes Feel the Market Pressurelast_img read more

Three’s Company Reboot: Married Couples Living With Roommates

Data Provider Black Knight to Acquire Top of Mind 2 days ago Three’s Company Reboot: Married Couples Living With Roommates Roommates aren’t just for college days anymore, the number of married couples who are sharing their homes has increased significantly since the 1990s. Trulia decided to investigate this phenomenon by comparing data between 1995 and 2016 and came up with some telling numbers.In 2018, 3.28 percent of all U.S. households, or nearly 4.2 million, lived with a roommate. But among married couples, that rate was just 0.46 percent (just over 280,000 married households) which is double the rate observed in 1995.  Among all married householders, 0.46 percent live with roommates, up from a historical average of 0.36 percent. This increase is mostly from married homeowners, 0.34 percent of whom live with roommates, or nearly 40 percent higher than the historical average.The increase is higher in the nation’s most expensive markets, proving high housing costs are forcing some married couples to offset the financial burden. It comes as no surprise that the share of married householders who have roommates is correlated with challenging housing market conditions. In fact, the number of married homeowners with roommates peaked in 2012 at roughly the same time as the national foreclosure crisis.There are two distinct trends among married couples who own compared those who rent.  Renters are subject to fluctuating costs during their tenancy or when they move. Homeowners tend to stay in one home longer because their cost is usually stable having been determined when they bought their home. As a result, married homeowners are less likely to bring on roommates when faced with escalating housing costs than married renters. It’s probably no coincidence that the areas with the most married-with-roommate households are more pricey like the West Coast,  known for its high home prices. In Honolulu, the rate almost doubled, accompanied a booming housing market with rising prices. On average every $100,000 increase in the median metro home value corresponds to a 0.25 percentage point increase in the share of married couples with roommates. There is clearly a direct link between affordability and the presence of a roommate in married couples’ homes, soon it could be the new norm. Click here to read the full report. Share Save About Author: Stephanie Bacot  Print This Post 2019-02-12 Radhika Ojha February 12, 2019 1,155 Views Previous: HUD Offers Helping Hand to Displaced Earthquake Victims Next: HELOCs on the Wane? in Daily Dose, Featured, Market Studies, News Sign up for DS News Daily Stephanie Bacot is an experienced multimedia writer having created content for print, web, television, and more. She is the past producer of BIZTV, a national television network for businesses and entrepreneurs that reached more than 200,000 professionals. She has more than 15 years’ experience in healthcare marketing and was an advertising exec for Healthcare Journal of Baton Rouge, a trade publication focused on the healthcare industry, as well as the marketing director for a $5 million surgery center. Bacot is a graduate of Louisiana State University with a degree in Marketing and Communications. She resides in Dallas when she’s not pursuing her love of travel. 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 The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago 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 Home / Daily Dose / Three’s Company Reboot: Married Couples Living With Roommates Servicers Navigate the Post-Pandemic World 2 days ago Subscribe read more

Where Young Millennials Are Buying Homes

first_img Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Where Young Millennials Are Buying Homes  Print This Post Demand Propels Home Prices Upward 2 days ago According to the realtor.com, the younger group of millennials is more optimistic when it comes to homebuying. In an article titled, “Where 20-Somethings Actually Buy Homes: The 10 Hottest Cities for Young Millennials,” realtor.com lists the metropolitan areas* with the most home buyers still in their 20s as well as the Generation Z.The article pointed out that while millennials have been the biggest chunk of U.S. home buyers already for a few years, the younger half is all set to hit the housing market. Over the next five years, those born between 1989 and 1993, will hit their 30’s—the core first-time home-buying years. It is this group, noted realtor, that will “help determine where the next “hot” markets are and what the most desirable homes of the future will be. Commenting on the trend, Jason Dorsey, President at Center for Generational Kinetics said, “Younger Americans don’t have the baggage of the recession and are better positioned to become home buyers—and reverse some of that narrative that millennials aren’t buyers.”Dorsey cited cost as the driving factor of where they want to settle down. “They need to be in a place where they think there are enough job opportunities and job security for them to make the commitment to buy a home,” he added. To figure out where 20- to 29-year-olds are buying the most homes, Realtor.com calculated where millennials took out the highest percentage of mortgages in 2018 in the 200 largest metropolitan areas. Based on the ranking which was limited to one metro per state to ensure geographic diversity, the report listed the top hot spots for buyers in their 20s.Evansville, Indiana topped the list with a median list price of $155,000 and the percentage of mortgages issued to buyers aged 20 to 29 at 33.2 percent. This was followed by Duluth, Minnesota; Clarksville, Tennesse; Lafayette, Los Angeles; and Des Moines, Iowa. Read the full report here. Homebuying Millennials mortgage 2019-03-25 Donna Joseph Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News March 25, 2019 1,609 Views 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] Previous: The Inverted Yield Curve—A Recessionary Red Flag? Next: The State of Homeowner Credit Sign up for DS News Daily center_img Related Articles Home / Daily Dose / Where Young Millennials Are Buying Homes Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Homebuying Millennials mortgage Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Donna Joseph The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

Housing Sentiment Regains Momentum

first_img 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 in Daily Dose, Featured, Market Studies, News September 8, 2020 998 Views Last month, there was an uptick of 3.3 points to 77.5 in the Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index (HPSI), according to FannieMae.com. That’s a rebound following a slight drop in July and builds on the rise in May and June.Month over month, there was a spike in five of the six HPSI components, with a more upbeat attitude in homebuying and selling conditions among consumers. A caveat: a slightly grimmer perspective in terms of an anticipated acceleration in home price. The HPSI slumped 16.3 points year over year.There was a rise from 53% to 59% among the percentage of respondents who were bully on buying a home now. The percentage of those who weren’t similarly onboard headed the other way, slumping from 38% to 35%. The upshot: a hike of 9% in the net share of Americans who embrace the idea of investing now in a home.On the other side of the equation, the percentage of those who think the time’s right to sell a home parachuted from 45% to 48%; the percentage who think it’s wise to slam the brakes on selling fell from 48% to 44%. Consequently, there was a 7% uptick in the net share of those who believe the time’s right to sell.“The HPSI rose modestly in August, recovering the ground it lost in July,” said Doug Duncan, Senior Vice President and Chief Economist. The HPSI’s recovery was driven by near-record low mortgage rates that helped restore much of consumers’ positivity on whether it is a good time to buy a home, while also improving the good-time-to-sell sentiment, he continued. “The August survey was conducted as consumers continue to face uncertainty regarding schools’ and businesses’ reopening plans and as the CARES Act $600-per-week income supplement expired.”Meantime, those who expect a leap in home prices in the next 12 months fell off this month from 35% to 33%; conversely, there was a rise from 23% to 26% among the percentage of respondents who think prices will decelerate. Remaining fixed at 34% was the share of those who think prices will stay theDaniel McCue, Senior Research Associate at Harvard University’s Joint Center for Housing Studies, said the housing industry might help lead us out of today’s pandemic-induced recession.  That’s unlike the role it played in the Great Recession that started in 2008.While housing was more of a barrier than a balm in the last economic recovery, it is more typical for the housing industry to serve as a source of strength during an economic recovery. In fact, this has been the case in nearly every recession over the past five decades, according to McCue.In most economic recessions, declining interest rates lead to homebuying and homebuilding, which then lead to spending on consumer goods.In a typical year, residential construction makes up 4% of GDP. However, construction contributed an average of 18% growth in the gross domestic product (GDP) in each year following a recession from 1970 until the Great Recession.After the Great Recession, home construction made up more than its typical share, rising 2 percentage points. 2020-09-08 Christina Hughes Babb Home / Daily Dose / Housing Sentiment Regains Momentum Housing Sentiment Regains Momentum Chuck Green has contributed to the Wall Street Journal, Washington Post, Los Angeles Times, San Francisco Chronicle, Chicago Tribune and others covering various industries, including real estate, business and banking, technology, and sports. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Loan Performance Has ‘Progressively Weakened’ Next: Mitigating Risk Exposure During Stressed Periods Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Chuck Green Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Share Savelast_img read more

The Week Ahead: REO Outlook Webinar for Housing Pros

first_imgHome / Daily Dose / The Week Ahead: REO Outlook Webinar for Housing Pros Related Articles The Best Markets For Residential Property Investors 2 days ago The Week Ahead: REO Outlook Webinar for Housing Pros About Author: Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago October 2, 2020 1,166 Views Sign up for DS News Daily 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Number of Active Forbearances Experiences a Spike Next: Proposed Bill Would Enact Automatic Forbearance, Prohibit Foreclosures Share Savecenter_img Hyland, Community Live virtual event—Monday-FridayOptimal Blue, Mortgage Market Indices—MondayBoard of Governors of the Federal Reserve System, Consumer Credit report—Wednesday U.S. Employment and Training Administration, Unemployment Insurance Weekly Claims Report—Thursday  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Next week, Tuesday, October 6 at noon (CT ), RealtyBid and parent company Covius will host a webinar entitled “A 2021 Housing and REO Outlook: What to Expect and How to Prepare.”A panel of housing market veterans will discuss how they are thinking ahead to, and preparing for, millions of borrowers emerging from forbearance in 2021.According to Covius, attendees will learn what macro-economic factors will influence the 2021 housing market and appreciating or depreciating MSAs; how to consider modeling for borrower in-flows and necessary operational capacity; and three best practices to test now for 2021 REO inventory.The webinar features the following experts:Allan Weiss, founder of Case-Shiller Weiss and of Weiss Analytics, will share macro-economic factors likely to influence the 2021 housing market and how servicers and investors can evaluate properties for underlying appreciating or depreciating indicators.Sean Ryan, founder and CEO of Aspen Grove Solutions, is a twenty-year veteran in the default servicing space and is responsible for innovation of Aspen’s platforms for default servicing, property management and borrower engagement. Aspen’s April, July and September white papers on modeling default projections and measures that servicers might take to prepare were widely recognized for their cogency. Sean will discuss these models and his thoughts in this webinar.Joe Chappell, EVP at Covius, will take an operator’s view of designing processes and modeling capacity to assist borrowers exiting forbearance, using leading borrower indicators as well as external data, including MBA data, and models like Aspen Grove’s.Pete Pannes, Chief Business Officer of Covius, will speak to best practices servicers can execute today to optimize REO execution for 2021, including asset management and auction through platforms like RealtyBid.com. While REO inventory has been at historic lows, now is the time to test the readiness of your teams, tactics and strategies.The webinar is complimentary, but attendees must register here.Here’s what else is happening in The Week Ahead: Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago 2020-10-02 Christina Hughes Babb Subscribelast_img read more

December rise in overcrowding at LUH contrasts with national picture

first_img Google+ WhatsApp GAA decision not sitting well with Donegal – Mick McGrath December rise in overcrowding at LUH contrasts with national picture Three factors driving Donegal housing market – Robinson NPHET ‘positive’ on easing restrictions – Donnelly RELATED ARTICLESMORE FROM AUTHOR Twitter WhatsApp An analysis of the INMO’s Trolley and Ward Watch figures for the month of December 2015 shows that the level of overcrowding at Letterkenny University Hospital increased by 79% on December 2014.This is against a national fall of 13% in overcrowding nationwide.A total of 106 people were without a bed at Letterkenny University Hospital last month compared to 59 in December of 2014.The total number of patients last year, who were admitted to Letterkenny Hospital but had to wait for a bed on a Trolley or in a ward was 2814.That’s an increase of 59 on the total for 2014 and well over double the figure for 2013.As is related to the month of December, last month was the third most overcrowded at Letterkenny since the INMO started compiling figures ten years ago.Part of proposals, agreed between the HSE and the INMO to avoid planned strike action, includes the cancellation of planned surgeries as part of a new plan to deal with overcrowding.Nurses will be balloted on the new plan over the next three weeks in a bid to reduce the number of people on trolleys in Emergency Departments. Homepage BannerNews Google+center_img Facebook Pinterest Previous articleFallout from O’Donnell case continuesNext articleTyrone make nine changes for final McKenna Cup group game admin Calls for maternity restrictions to be lifted at LUH By admin – January 13, 2016 Facebook Twitter Nine Til Noon Show – Listen back to Wednesday’s Programme Pinterest Guidelines for reopening of hospitality sector publishedlast_img read more

Mortar type device found in Strabane security alert.

first_img RELATED ARTICLESMORE FROM AUTHOR GAA decision not sitting well with Donegal – Mick McGrath Facebook Facebook Twitter Three factors driving Donegal housing market – Robinson Previous articleMonaghan will be a tougher test – Tyrone starNext articleProtest over oyster farm at Linsfort beach deemed a success admin Nine Til Noon Show – Listen back to Wednesday’s Programme WhatsApp WhatsApp By admin – August 2, 2015 Google+center_img Pinterest Google+ Mortar type device found in Strabane security alert. Homepage BannerNews Twitter Police in Strabane have identified a mortar type device in Cemetery Road.Yesterday, a security alert got under way as police received reports there was a suspicious object in the area and the graveyard was subsequently closed.As the afternoon progressed, homes were evacuated and St. Pats Hall, Kennedy Street was made available for shelter.The cemetery remains closed today but it’s thought the PSNI operation will end in a couple of hours.The day-long alert caused significant disruption to residents in the area,  particularly the elderly living nearby.Local Councillor Karina Carlin has been outlining the ordeal for some residents:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/08/karina.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest NPHET ‘positive’ on easing restrictions – Donnelly Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector publishedlast_img read more