REITs Post Big Gains in 2014

first_img The Best Markets For Residential Property Investors 2 days ago 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 ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Related Articles Share Save The Best Markets For Residential Property Investors 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. Previous: Labor Market Improvements Support Economists’ Predictions for Housing Recovery Next: DS News Webcast: Monday 1/5/2015 January 2, 2015 1,236 Views center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post in Daily Dose, Featured, Market Studies, News Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago REITs Post Big Gains in 2014 The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Brian Honea Home / Daily Dose / REITs Post Big Gains in 2014 The Financial Times Stock Exchange Real Estate Investment Trusts (REIT) Index reported a total return of 27.15 percent in 2014, outpacing that of the Dow Jones Industrial Average, Standard & Poor 500, and NASDAQ, according to a report from Trepp.In an 11-month period from the end of 2013 to November 2014, the REIT market cap expanded from $670 billion to $890 billion, according to Trepp. The expansion can be attributed to an active effort by REITs to improve their returns with a focus on core competencies and by undertaking transactions to improve the focus of their portfolios. REIT markets also responded well to the Federal Reserve sticking to its plan to end its massive QE3 bond-buying program (which they did in late October) while maintaining low interest rates.Also, several countries adopted a REIT format due to the increased international exposure of U.S. REITs. The sector remained attractive to investors due to improving real estate market fundamentals (driven by a limited supply and increased demand) and strong REIT dividend returns in an environment of low interest rates, thus enabling the REIT markets to perform so well in 2014, according to Trepp.Data from the National Association of Real Estate Investment Trusts (NAREIT) indicates that REITs raised more than $31 billion in secondary debt and more than $25 billion in secondary equity through the first 11 months of 2014, according to the data. Two REITs, Simon Property Group and Prologis raised more than $2 billion each in secondary debt, while four groups each raised more than $1 billion in secondary equity – Health Care REIT, American Realty Capital Properties, NorthStar Realty Finance, and Brixmor Property Group.The strong showing by REITs in 2014 indicates that they are poised for another big year of expansion in 2015, according to Trepp. Real Estate Investment Trusts REITs Secondary Market 2015-01-02 Brian Honea Tagged with: Real Estate Investment Trusts REITs Secondary Marketlast_img read more

Helping the Homeowner Resolve Mortgage Delinquency

first_img The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Delinquencies HOUSING mortgage The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save 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] Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Helping the Homeowner Resolve Mortgage Delinquency In a recent insights article, the Federal Housing Finance Agency (FHFA) highlighted a new mortgage assistance application that will allow servicers to help borrowers resolve delinquencies more quickly, and keep more people in their homes. A lesson learned from the crisis, according to the article, is ensuring that the application process is straightforward and as easy to navigate as possible. In light of this, the FHFA has worked with Fannie Mae and Freddie Mac to revise a form with one main objective—simplifying the loan modification process for borrowers.  This review process led to the GSEs’ announcement of a new Mortgage Assistance Application (MAAp) that will replace the Uniform Borrower Assistance Form (UBAF).  The MAAp, is designed to balance five principles of loss mitigation learned from the housing crisis—accessibility, affordability, accountability, sustainability, and transparency.The article noted that extensive borrower testing revealed a number of opportunities to make the form more user-friendly, including; reformatting the form with a cleaner, brighter look, and consolidating related questions on the same page, adding questions that enable borrowers to express their preferred method for being contacted by their servicer, and clarifying terms that borrowers identified as being unclear.How does the new application work? By utilizing MAAp, a borrower struggling with their mortgage can fill out the application, prior to being 90 days delinquent, and submit it to their servicer.“Once the servicer receives the application and supporting documentation, the servicer evaluates the borrower for foreclosure alternatives and works with the borrower to explore their options,” the article reports.Solutions can include a repayment plan, forbearance plan, loan modification, short sale, or deed-in-lieu of foreclosure.  In addition to changes on the application form, the MAAp reduces the supporting documentation required to demonstrate a struggling borrower’s hardship and income, “a change that will simplify the assistance process for both borrowers and servicers.” According to the FHFA, servicers are encouraged to implement the MAAp immediately, but must implement it by June 1, 2018. Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Previous Post Next: PHH Names Flanagan SVP and General Counsel Demand Propels Home Prices Upward 2 days ago  Print This Post in Daily Dose, Featured, Foreclosure, Headlines, Journal, News The Best Markets For Residential Property Investors 2 days ago November 4, 2017 6,538 Views Sign up for DS News Daily Delinquencies HOUSING mortgage 2017-11-04 Nicole Casperson About Author: Nicole Casperson Helping the Homeowner Resolve Mortgage Delinquencylast_img read more

San Jose Tops Hottest Neighborhoods Rankings

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago affordable hottest livable Neighborhoods Redfin san jose Washington D.C. 2018-01-29 Radhika Ojha Share Save San Jose Tops Hottest Neighborhoods Rankings Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: affordable hottest livable Neighborhoods Redfin san jose Washington D.C. Demand Propels Home Prices Upward 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago San Jose, California has emerged as the hottest city to live in, with nine of the top 10 hottest neighborhoods in the U.S. located in this tech hub, according to a survey by online real estate broker, Redfin. The survey, which was released on Monday also listed the hottest, yet affordable neighborhoods (Hottest Neighborhoods within Reach) with Hillcrest in Washington, D.C., topping this list.For this survey, Redfin ranked neighborhoods across 49 metropolitan areas on the basis of most recent growth in page views and favorites on Redfin.com as well as responses from Redfin agents around the U.S. to find out what drove these trends.The rankings for the 10 Hottest Neighborhoods pointed to a trend of migration among people living in the San Francisco Bay area. “While the San Francisco peninsula has traditionally been the hottest of the hot places, we’re seeing it become unaffordable for even the tech giants that helped create its demand,” said Kalena Masching, Redfin’s Silicon Valley agent. “The result has been a tech-worker migration to the South Bay charged by people looking for relative affordability, highly rated schools, short commutes and access to jobs.”It’s not surprising therefore that the hottest neighborhoods are now shifting to neighboring San Jose. With a median selling price of $1.5 million, Bucknall in San Jose topped the list of hottest neighborhoods, followed by Cambrian, San Jose, where the median price of homes is at around $1.2 million.  White Oak, Ortega, West Santa Clara, Sunnyvale West, Lakewood, Blacow, and Rex Manor, all in San Jose were the other seven neighborhoods that were ranked among the 10 Hottest Neighborhoods. At No.8, Sunnyside, San Francisco was the only non-San Jose neighborhood to make it to the list.Redfin also compiled a list of 2018’s Hottest Neigbhorhoods Within Reach that reflected a home price of $286,700, which was also the national median sale price in December 2017. While the 10 Hottest neighborhoods list was concentrated on one particular city, 2018’s Hottest Neighborhoods Within Reach threw up a more geographically diverse set of results and pointed to a trend of people choosing livability over affordability while buying homes in these neighborhoods. “Features like easy commutes, farmer’s markets and proximity to parks or the beach all represent livability characteristics that many people value when searching for homes. Also, these areas have a mix of single family homes, condos and townhouses, which make the neighborhoods accessible to a wide range of incomes,” said Nela Richardson, Chief Economist at Redfin.Hillcrest in Washington, D.C., topped this list with a median housing price of $125,000. With a median housing price of $248,500, Deanwood, again in Washington, D.C., came second on the list. These frontrunners were followed by Riverview, Seattle; Misty Meadow, Columbus; Fairmount, Providence; Stevens Square, Minneapolis; Brewer’s Hill Milwaukee; Country Lakes, Chicago; Downtown St. Louis, St. Louis; and South Coast, Orange County.To read details on which are the hottest neighborhoods by Metropolitan areas, click here.center_img The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News January 29, 2018 2,030 Views Previous: Fannie Mae CEO on the GSE’s Past & Future Next: Ohio Courts Could Change Course for Chapter 13 Bankruptcy Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / San Jose Tops Hottest Neighborhoods Rankings Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

Are Rising Home Prices Unsustainable?

first_imgSign up for DS News Daily About Author: Scott Morgan Tagged with: Affordability Appreciation Buyers CoreLogic Home Prices Homebuyers Homes HOUSING markets overvalued Property Are Rising Home Prices Unsustainable?  Print This Post The Best Markets For Residential Property Investors 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. Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News The Best Markets For Residential Property Investors 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Affordability Appreciation Buyers CoreLogic Home Prices Homebuyers Homes HOUSING markets overvalued Property 2018-05-01 Radhika Ojha Servicers Navigate the Post-Pandemic World 2 days agocenter_img U.S. home sales have slowed to a crawl this quarter, mostly due to an entrenched combination of low inventory and consistently rising prices. The latter was true again in March, according to the latest Home Price Index report from CoreLogic. The HPI for March found that over the last year, home prices nationally rose 7 percent.From February, prices were up 1.4 percent, but in year-over-year comparisons, CoreLogic found that all 50 states saw prices escalate since March of 2017.“Home prices grew briskly in the first quarter of 2018,” said Frank Nothaft, Chief Economist at CoreLogic. “High demand and limited supply have pushed home prices above where they were in early 2006. New construction still lags historically normal levels, keeping upward pressure on prices.”The largest annual gains happened in Washington and Nevada, where, CoreLogic found, home prices grew by 12.6 percent since last March. What’s more, CoreLogic expects prices to keep climbing and expects U.S. home prices to be 5.2 percent higher by next March. Prices are expected to rise 0.1 percent in April.Of the 100 largest metropolitan areas, based on housing stock, 37 have an overvalued housing market as of March, the report stated. “Additionally, as of March 2018, 28 percent of the top 100 metropolitan areas were undervalued and 35 percent were at value” it stated. When looking at the top 50 markets, CoreLogic found that half were overvalued. Seven were undervalued and 18 were at value.”CoreLogic president and CEO  Frank Martell called this dynamic a clearly “unsustainable condition that can only be remedied by aggressive and coordinated public/private sector actions.”According to Martell, rising home prices would remain a sober reality facing a lot of would-be buyers until it was “straightened out.”“The dream of homeownership continues to fade away for the average prospective buyer,” he said. “Lower-priced homes are appreciating much faster than higher-priced properties, making the affordability crisis progressively worse.” Demand Propels Home Prices Upward 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Are Rising Home Prices Unsustainable? May 1, 2018 2,192 Views Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Default Legal Services Attorneys Chart the Industry’s Course Forward Next: Housing Inventory Shortages Hitting This Sector Hard Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

A Housing Heat Wave Hits the South

first_imgHome / Daily Dose / A Housing Heat Wave Hits the South San Jose, California, has reclaimed the title of “hottest housing market” for the second year in a row, but it is beginning to face fierce competition from markets hailing from the South. Half of the markets listed in Zillow’s hottest housing markets for 2019 are located in the South, and most are benefitting from growing tech sectors and high affordability.Raleigh, North Carolina, and Seattle, Washington, contenders last year didn’t make it onto this year’s list.”When it comes to the country’s hottest housing markets, long-time leaders are hard to displace, but a number of up-and-comers are nipping at their heels. Silicon Valley’s white-hot jobs market has propelled the region’s housing market—which we expect to continue into the early months of 2019—but there are some signs that the trend is away from the West Coast and toward the South and Southeast,” said Zillow senior economist Aaron Terrazas. “Affordability is attractive—for both young professionals and booming businesses, earning markets like Orlando, Minneapolis, Dallas and Nashville top billing in 2019.”Zillow’s Top 10 List for 2019 includes:San Jose, CaliforniaOrlando, FloridaDenver, ColoradoAtlanta, GeorgiaMinneapolis, MinnesotaSan Francisco, CaliforniaDallas, TexasNashville, TennesseeJacksonville, FloridaSan Diego, CaliforniaZillow observes the top metros in the United States, identifying those that are anticipated to have higher than average home value and rent appreciation in the coming year, income growth, a strong job market with low unemployment, and an increasing population.San Jose charted the highest home values at $1.25 million and is also expected to incur the highest home value appreciation this year with an anticipated 12.7 percent increase. Despite doubling in recent months, San Jose’s housing inventory remains tight, according to Zillow.San Jose’s job market is exceptional with the lowest unemployment rate of all major metros at 2.5 percent and with incomes expected to grow 6.8 percent this year.However, San Jose “is doubtlessly facing headwinds,” according to Zillow’s report.Meanwhile, things are heating up in the South. Orlando, Florida, which claimed the No. 2 spot on Zillow’s list of top markets for this year, experienced the largest population growth of the top metros with a 2.8 percent increase. Home values in Orlando stand at $233,700, well below San Jose’s $1.25 million, and home values are expected to rise 6.3 percent this year—about half the appreciation expected in San Jose.In fact, San Jose was the only market top market with home values above $1 million, though San Francisco was not far behind with home values at $963,000. The lowest median home value in the top 10 markets was $208,200 in Jacksonville, Florida.Zillow noted that “the impact of the tech industry on housing is also apparent on Zillow’s list,” pointing out that Atlanta, Dallas, Denver, and Nashville all have growing tech industries and were finalists for Amazon’s HQ2. Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago January 22, 2019 1,149 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: The Homebuyer’s Economy in 2019 Next: Where the Most Competitive Buyers Are A Housing Heat Wave Hits the South Tagged with: Home Value Appreciation Home Values Hottest Housing Markets Housing Markets median home values Zillow Servicers Navigate the Post-Pandemic World 2 days ago Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Savecenter_img  Print This Post Home Value Appreciation Home Values Hottest Housing Markets Housing Markets median home values Zillow 2019-01-22 Krista Franks Brock The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Krista Franks Brock Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Subscribelast_img read more

How Home Insurance Premiums Are Weathering Natural Disasters

first_img April 22, 2019 2,434 Views How Home Insurance Premiums Are Weathering Natural Disasters Related Articles The Best Markets For Residential Property Investors 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. The Best Markets For Residential Property Investors 2 days ago Previous: The Impact of Opportunity Zones Next: Foreclosure Law and Attorney Fees Demand Propels Home Prices Upward 2 days ago Subscribe Mortgage Insurance Premiums natural disaster 2019-04-22 Mike Albanese About Author: Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Loss Mitigationcenter_img  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Mortgage Insurance Premiums natural disaster Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save With natural disasters impacting everything from delinquency rates to property preservation, there’s no question that the state of the weather will continue to be a critical factor for the industry to watch and adapt to in the years ahead. A new report from LendingTree’s QuoteWizard recently put the long-term effect of disasters on home insurance rates under the microscope, finding an increase of as much as 88% between 2007–2016.Working from the National Association of Insurance Commissioners’ (NAIC) annual report on insurance trends and stats, QuoteWizard compared annual home insurance rate data from the 2016 report (the latest full-year data available) to the that from NAIC’s 2007 report. QuoteWizard’s report found that almost two-thirds of home insurance losses come from wind, hail, and water damage, and added that states in the Midwest experience severe weather more frequently, leading to higher insurance rates.“Every year in the United States, natural disasters account for tens of billions of dollars in damages,” the report reads. “A significant portion of those damages falls on the shoulders of insurance companies. When insurance companies experience huge loss from natural disaster-related claims, they compensate for that loss with an increase in home insurance rates.”Between 2007–2016, Kentucky saw the largest increase, with insurance premiums rising 88% to $1,085 in 2016, up from $578 in 2007. Although Kentucky is not located in Tornado Alley, it is no stranger to severe weather, and those events are becoming more common in the southeastern United States. According to QuoteWizard, $10-billion tornado events are not uncommon, and southern states have “the greatest potential for increased tornado disasters by the end of the century.”Oklahoma saw its premiums increase by $821 over that decade—the highest dollar-amount increase in the nation. While Oklahoma is less than half the size of California, it had declared 189 natural disasters since 1955, according to FEMA.According to the QuoteWizard report, Louisiana had the highest reported premium in 2016 at $1,967, which is a 41% increase over 2007. Nevada’s 7% increase in premiums since 2007 was the lowest in the nation, resulting in premiums rising $47 to $742. Oregon’s reported premium of $659 was the lowest in the nation.You can read QuoteWizard’s full analysis of the decades’ worth of NAIC data by clicking here. You can also read more about the impact of natural disasters and underinsurance on delinquency by clicking here.To participate in critical conversations on diligence and preparedness, be sure to register for the Five Star Disaster Preparedness Symposium, happening June 5–6, 2019, at the Hotel Monteleone in New Orleans. You can learn all the details and register here. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / How Home Insurance Premiums Are Weathering Natural Disasters Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Fannie Mae Announces $822M Non-Performing Loan Auction

first_imgHome / Daily Dose / Fannie Mae Announces $822M Non-Performing Loan Auction  Print This Post Tagged with: Fannie Mae Non-Performing Loans Reperforming Loans sale Related Articles May 15, 2019 4,128 Views Fannie Mae has announced their latest sale of non-performing loans (NPL) as well as the results of the GSE’s eleventh reperforming loan (RPL) sale. Fannie’s NPL sale, announced shortly after the results of Freddie’s NPL sale were released, includes six larger pools of approximately 4,660 loans totaling $822.3 million in unpaid principal balance (UPB) and the Community Impact Pool of approximately 80 loans totaling $17.7 million in UPB. All pools are available for purchase by qualified bidders. This sale of non-performing loans is being marketed in collaboration with Bank of America Merrill Lynch and First Financial Network, Inc. as advisors.Fannie’s RPL sale included the sale of four pools of approximately 21,200 loans totaling $3.27 billion in UPB. The winning bidder of the four pools for the transaction, which is expected to close on June 21, 2019, was DLJ Mortgage Capital, Inc. (Credit Suisse).Fannie Mae announced their RPL results and NPL sale a day after Freddie Mac announced the completion of its auction of 1,789 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio on Tuesday. The loans totaled around $307 million, and are currently serviced by NewRez LLC, doing business as Shellpoint Mortgage Servicing. The transaction is expected to settle in July 2019.The winning bidders across the three pools include InSolve Global Credit Fund IV, L.P. for the first pool, and Elkhorn Depositor LLC for the second and third pool.Freddie Mac and Fannie Mae’s NPL sales are part of the FHFA’s three strategic goals as conservator of the Enterprises, including maintaining foreclosure prevention activities and credit availability, reducing taxpayer risk, and building a new single-family securitization infrastructure.As part of the Federal Housing Finance Agency’s (FHFA) effort to build a single security platform, Common Securitization Solutions, LLC along with Fannie and Freddie are to implement the Single Security Initiative on the Common Securitization Platform for both Fannie Mae and Freddie Mac in the Q2  2019. As part of this implementation Freddie Mac recently announced that its Investor Reporting Change Initiative (IRCI) will revise Single-Family investor reporting requirements, beginning in May 2019, including moving the investor reporting cycle from mid-month to end-of-month and updating remittance cycles. The FHFA’s 2018 Scorecard Progress Report details these major GSE activities. Share Save Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: More Time for the National Flood Insurance Program Next: The Trouble With G-Fees: Industry Insights Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Fannie Mae Non-Performing Loans Reperforming Loans sale 2019-05-15 Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Sign up for DS News Daily About Author: Seth Welborn Fannie Mae Announces $822M Non-Performing Loan Auction Governmental Measures Target Expanded Access to Affordable Housing 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. The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News, Secondary Market Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

FHFA Shares Fannie, Freddie Stress Tests Results

first_img Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / FHFA Shares Fannie, Freddie Stress Tests Results The Best Markets For Residential Property Investors 2 days ago  Print This Post The provision for credit losses would be the largest contributing factor to losses at Fannie Mae and Freddie Mac under severely adverse economic conditions. This was revealed in the results of a stress test conducted by The Federal Housing Finance Agency (FHFA) under the Dodd-Frank Act.According to the FHFA report, apart from provisions for credit losses, the global market shock impact on trading securities and available-for-sale securities would be the largest contributing factor for losses at the two government-sponsored enterprises (GSEs) under FHFA’s conservatorship.The stress test results also revealed that comprehensive losses decreased in the stress test for 2019 compared to the one conducted in 2018. The decline, according to the FHFA, was “mostly driven by the decrease in provision for credit losses as a result of the less severe decline in home prices” included in the 2019 scenario and “the improvement in the credit profile of the GSEs’ books of business.”The 2o19 stress test scenario was based on a severe global recession accompanied by stressed commercial real estate and corporate debt markets. FHFA said that the scenario was not a forecast, but a hypothetical future economic environment that was designed to “assess the strength of the Enterprises and other financial institutions and their resilience to unfavorable market conditions.” Additionally, the report said that the planning horizon for the implementation of the 2019 stress test was over a period of nine quarters from December 31, 2018, to March 31, 2021.Additionally, compared to last year’s stress test scenario, the 2019 severely adverse scenario includes a more severe recession and a larger increase in the unemployment rate. This year’s severely adverse scenario, also includes a decline in the 10-year Treasury yield, a factor that had remained unchanged in the scenario last year resulting in a much steeper yield curve and reflecting a global aversion to long-term fixed-income assets. This results in declines in certain asset prices, including stocks, which are less severe in this cycle versus last year. The Best Markets For Residential Property Investors 2 days ago About Author: Radhika Ojha Share Save Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Credit Losses Dodd-Frank Act Fannie Mae FHFA Freddie Mac in Daily Dose, Featured, News, Secondary Market Credit Losses Dodd-Frank Act Fannie Mae FHFA Freddie Mac 2019-08-16 Radhika Ojhacenter_img Previous: Gateway First Bank Appoints Chief Mortgage Operations Officer Next: HUD Tackles the Role of Algorithms in Fair Housing Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago 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 August 16, 2019 1,958 Views FHFA Shares Fannie, Freddie Stress Tests Results Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Sign up for DS News Daily Subscribelast_img read more

Pomeroy arson attack condemned

first_img Almost 10,000 appointments cancelled in Saolta Hospital Group this week Previous articleCampaign group calls for scrapping of A5 dual carriageway planNext articlePolice urging caution after “extremely vague” bomb warning News Highland Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton By News Highland – August 12, 2010 Pomeroy arson attack condemned The North’s deputy first Minister Martin McGuinness has condemned an overnight arson attack on an Orange Order hall in Tyrone.He said it was clearly aimed at raising tensions before this weekends Apprentice Boys parades.And he accused those responsible of being motivated solely by sectarian bigotry.The Orange Hall in Pomeroy was destroyed by the fire, which was reported at around 3 o’clock this morning. Orange Order Grand Secretary Drew Nelson says the attack will devastate the local protestant community………[podcast]http://www.highlandradio.com/wp-content/uploads/2010/08/nelsn1pm.mp3[/podcast] WhatsApp Twitter Calls for maternity restrictions to be lifted at LUH Pinterest Newsx Advertscenter_img Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Guidelines for reopening of hospitality sector published Pinterest Google+ Twitter Google+ RELATED ARTICLESMORE FROM AUTHOR Facebook WhatsApp Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

Gardai call on the public and business owners to help prevent robberies

first_img RELATED ARTICLESMORE FROM AUTHOR Facebook Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector published Twitter Previous articleCouncil still waiting for meeting with Taoiseach on A5 fundingNext articleLetterkenny fails in bid to become Ireland’s first “Tourism Town” News Highland Gardai call on the public and business owners to help prevent robberies WhatsApp The public is being encouraged to report any suspicious activity they may notice around financial institutions, particularly in the run up to Christmas, to notify gardai.Inspector David Murphy is leading the investigation into yesterday’s armed robbery of a post office in Burt.Two armed and masked men escaped across the border with a sum of cash after threatening staff – no one was physically injured.The getaway car, a taxi which had earlier been hijacked, was later spotted abandoned  at Burnfoot following an appeal on Highland Radio’s lunchtime news.Inspector Kelly also has this advice for business owners:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/12/inspect.mp3[/podcast] Almost 10,000 appointments cancelled in Saolta Hospital Group this week Google+ Pinterestcenter_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Need for issues with Mica redress scheme to be addressed raised in Seanad also WhatsApp Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey By News Highland – December 7, 2012 Pinterest Twitter News Google+ Facebooklast_img read more