Month: May 2021

Moody’s: Be Careful with Reforms for Fannie or Freddie

first_img  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Housing Finance in Today’s Market Next: A First Look At February Delinquency Data The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Ryan Schuette Share Save Tagged with: Fannie Mae Freddie Mac GSE Data Provider Black Knight to Acquire Top of Mind 2 days ago Ryan Schuette is a journalist, cartoonist, and social entrepreneur with several years of experience in real-estate news, international reporting, and business management. He currently lives in the Washington, D.C., area, where he freelances for DS News and MReport. Related Articlescenter_img Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Fannie Mae Freddie Mac GSE 2017-03-21 Ryan Schuette Moody’s: Be Careful with Reforms for Fannie or Freddie Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Moody’s: Be Careful with Reforms for Fannie or Freddie in Daily Dose, Featured, News, Secondary Market March 21, 2017 1,600 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily One of the world’s top rating agencies warned on Monday that sweeping or high-level changes to Fannie Mae and Freddie Mac could unleash a host of unintended consequences on America’s housing-finance system and the global banking sector—just as they enter a new recovery period in the wake of the recession.Moody’s Investors Service released an in-depth analysis of the GSEs that said the changes—while likely not immediate—have the potential to cause “wide-reaching implications” across a swath of industries, including housing and finance.Taken into conservatorship at the height of the 2008 financial crisis, the mortgage giants Fannie Mae and Freddie Mac occupy an outsized role in the u.S. housing sector, facilitating more than half of all home loans in the $11-trillion U.S. residential and multifamily mortgage market.Experts have warned periodically in the past that incomplete or hasty reforms could undermine their place in the economy.”Even proposals whose impact would seem straightforward at a high level, could have unintended consequences in practice,” Bart Oosterveld, a managing director with Moody’s Investors Service, said in a related statement.The assessment also noted that “most GSE reform options would require legislation and navigating the interests of a large number of stakeholders, and there are many proposals for policy makers to weigh.”Something that could be affected? Interest rates.Mortgage-interest rates rise or decline in part on investments in U.S. Treasury debt. Sources shared with us before that any significant change to the GSEs—such as, say,- removing them from federal conservatorship too soon or quickly—could push up rates.”One possible outcome could be a broad increase in interest rates on new mortgages, which would have meaningful and often negative credit implications across most housing-related sectors,” Oosterveld added.According to the report, reprivatization of the GSEs could re-trigger some of the crises experienced in the Great Recession, with the loss of an explicit government backstop potentially creating a “less favorable” regulatory space for mortgage-backed securities.And that, in turn, could shake the foundations underpinning capital and liquidity ratios for banks—most likely including those that pose a systemic risk to the U.S. and global economy in situations involving collapse, Moody’s indicated.Numerous GSE reform bills have cleared their congressional committees in recent years. It’s unclear whether the current Republican-controlled Congress will move on any legislation to reshape Fannie Mae and Freddie Mac.last_img read more

Buying a Home Before Turning 35

first_img Data revealed by the Urban Institute points out that homebuying sentiment among millennials continues to erode with today’s young adults being less likely to buy a home compared to prior generations, who became homeowners at a younger age. Analyzing the consequences of this trend, Urban Institute elucidated on the consequences of not buying a home before the age of 35. Most of today’s older homeowners bought their first homes before age 35, according to the report that used the Panel Study of Income Dynamics (PSID), a dataset that has followed U.S. individuals since 1968, to track people who reached age 60 between 2003 and 2015. The report found that half the older adults in their sample bought their first house when they were between 25 and 34 years old. Twenty-seven percent bought their first home before age 25, with 37 percent of household heads’ ages ranging from 25 – 34 and 13 percent of those aged 18-24 owned a home in 2016. The data in the analysis also highlights the impact of earlier home purchases. Those who bought their first home between ages 25 and 34 have the greatest housing wealth by their sixties, with a median home equity around $150,000 at 60 or 61 years of age. The later the home purchase, the lower are the housing wealth, with home appreciation playing a huge role as years pass by. The median housing wealth of those who bought their first home at the age of  34 and those who waited until they turned 44 reflects a difference of $72,000. If they wait until they are 45 or older, the median wealth is more than $100,000 lower.The report also found that those who bought their houses before turning 25 years old have a median home equity of $130,000. Interestingly,  the youngest buyers have lower incomes, are less educated, and buy lower-priced homes, with the median first-home value being less than $70,000. The median first-home value is around $125,000 for the other three groups. It is worth noting that early home buyers can afford expensive homes and have fewer mortgage debts while in their sixties. Buyers aged 25 and below have lower median house value when they are older due to inadequate education, but have lower mortgage debt as they have owned their homes longer, with a median remaining principal at $11,000. The report states that more young adults should take into account the long-term consequences of renting when homeownership is an option as they are failing to build housing wealth. Related Articles Buying a Home Before Turning 35 Demand Propels Home Prices Upward 2 days ago November 12, 2018 1,360 Views Home Equity Homebuying Homeownership Millennials mortgage debts Urban Institute 2018-11-12 Donna Joseph Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Buying a Home Before Turning 35 in Daily Dose, Featured, Market Studies, News 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 agocenter_img The Best Markets For Residential Property Investors 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Tagged with: Home Equity Homebuying Homeownership Millennials mortgage debts Urban Institute Share Save 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] About Author: Donna Joseph The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Contesting Crisis-Era RMBS Litigation Next: If Maxine Waters Takes Over the House …last_img read more

The Week Ahead: Discussing Financial Regulation and More

first_img  Print This Post Previous: The Link Between Housing Affordability and Wage Growth Next: Gateway Mortgage Group Completes Merger with Farmers Exchange Bank Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago May 10, 2019 1,089 Views Demand Propels Home Prices Upward 2 days ago Subscribe Tagged with: Banking Regulation Senate The Best Markets For Residential Property Investors 2 days ago Banking Regulation Senate 2019-05-10 Seth Welborn About Author: Seth Welborn The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 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 in Daily Dose, Featured, Government, Market Studies, News On Wednesday at 9:30 am ET, the Senate Committee on Banking, Housing, and Urban Affairs will conduct a hearing on the “Oversight of Financial Regulators.” The witnesses will be: The Honorable Joseph M. Otting, Comptroller of the Currency, Office of the Comptroller of the Currency; The Honorable Randal K. Quarles, Vice Chair for Supervision, Board of Governors of the Federal Reserve System; The Honorable Jelena McWilliams, Chairman, Federal Deposit Insurance Corporation; and The Honorable Rodney E. Hood, Chairman, National Credit Union Administration.The Committee previously discussed regulation earlier this year, specifically the supervision of financial institutions, in a hearing titled “Guidance, Supervisory Expectations, and the Rule of Law: How do the Banking Agencies Regulate and Supervise Institutions?”“Banks receive significant forms of government support and benefits, including deposit insurance and access to the Fed’s discount window,” said Committee Chair Mike Crapo. “In exchange for these benefits, which ensure that American consumers have stable access to their deposits, banking agencies supervise banks and in return expect them to operate in a safe and sound manner.”In her testimony, Margaret Tahyar, Partner, Davis Polk & Wardwell LLP discussed the “shadow” regulatory systems, or oral principles, not made public nor written down. This includes the practice of regulation by negotiation in the application process.“An illustrative example, which can be used because it is one of the few to become public, comes from applications by Citicorp, J.P. Morgan, and Bankers Trust New York Corporation in 1987 to underwrite and deal in municipal revenue bonds, mortgage related securities and commercial paper,” Tahyar said. “During negotiations with agency staff, each applicant ‘voluntarily’ consented to market share limitations while protesting that they saw no need for them. When considered for review by the Federal Reserve Board of Governors, the banks admitted that they agreed to the limitations only to ‘expedite the applications.’”Here’s what else is happening in the Week Ahead.Fed Consumer Expectations—Monday, 11 am ETNAHB home builders’ index—Wednesday, 10 am ETNAHB/Wells Fargo housing market index—WednesdayCensus Bureau Housing Starts/ Building permits—Thursday, 8:30 am ET 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. Home / Daily Dose / The Week Ahead: Discussing Financial Regulation and More Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles The Week Ahead: Discussing Financial Regulation and More Share Savelast_img read more

The Impact of Rent Demand

first_imgHome / Daily Dose / The Impact of Rent Demand in Daily Dose, Featured, Investment, News Sign up for DS News Daily June 10, 2019 1,189 Views Servicers Navigate the Post-Pandemic World 2 days ago As the rental market experiences price and demand increases, landlords are beginning to cut back on many “perks” originally intended to entice potential renters. According to Zillow, just 1 in 100 rental listings currently show any kind of move-in special, CNBC’s Diana Olick reports.Additionally, rent prices are up 3.1% year over year, to a median rent of $1,530 nationally, the highest level since August 2017.“This potentially signals more rent growth is to come, as landlords not only reduce incentives to move but also increase prices,” said Joshua Clark, economist at Zillow’s HotPads on CNBC. “Of course, all real estate is local and deals are becoming more common in some places.”A few metroes have gone against this trend, including Orlando, Florida, as well as Boston San Jose, and Atlanta, where rental “concessions” have doubled or even tripled.“Renters are also still likely to see concessions on the higher end, where supply is more plentiful nationally,” said Olick. “Construction of multifamily apartments surged over the past five years, but largely in the luxury sector. Developers have had trouble building more affordable housing because of higher costs for land, labor and materials.”While renting has been heating up, demand for homeownership has been waning, according to the latest national index produced by the Florida Atlantic University (FAU) and Florida International University faculty.“The opportunity to generate greater wealth by renting and reinvesting puts downward pressure on the demand for homeownership and prices should follow sooner rather than later,” said Eli Beracha, Ph.D., real estate economist, and co-creator of the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index.Of the 23 metros tracked on the index, data indicates that 19 are in rent territory. This means, that on average, an individual family in these cities would be better off renting and reinvesting in a portfolio of stocks and bonds as opposed to building wealth through equity accumulation from homeownership. Servicers Navigate the Post-Pandemic World 2 days ago The Impact of Rent Demand Tagged with: Homeownership Landlords Rent prices Renters Previous: Calyx Announces Integration with Fairway Asset Corporation Next: Extending the National Flood Insurance Program About Author: Seth Welborn  Print This Post 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 The Best Markets For Residential Property Investors 2 days ago Related Articles Homeownership Landlords Rent prices Renters 2019-06-10 Seth Welborn 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 Subscribe Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

Gardai urge vigilance in rural areas following crime increase

first_img Google+ Homepage BannerNews WhatsApp Twitter Facebook WhatsApp Previous articleHSE threaten councillor with legal action over smoking ban commentsNext articleAudio update – Mother of Derry baby who died at GOSH calls for review of antibiotic policy admin Sergeant Paul WallaceGardai are warning of increased crime levels in some rural areas of Donegal.They are also urging people to be vigilant following reports of high pressure sales activity, particularly at the homes of elderly and vilnerable people in rural areas.There are reports of aggressive tactics being used by people selling equipment, furniture and electronic items. This is also the case in instances where services such as tarmac and kerb laying are being offeredLocal Crime Prevention Officer Sgt. Paul Wallace is urging communities to be vigilant………..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/07/wallyruraladvice.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. By admin – July 28, 2015 Nine Til Noon Show – Listen back to Wednesday’s Programme 448 new cases of Covid 19 reported today Twittercenter_img Pinterest Google+ Facebook News, Sport and Obituaries on Wednesday May 26th Three factors driving Donegal housing market – Robinson Help sought in search for missing 27 year old in Letterkenny Gardai urge vigilance in rural areas following crime increase Pinterest RELATED ARTICLESMORE FROM AUTHOR NPHET ‘positive’ on easing restrictions – Donnelly last_img read more

Senator O’Domhnaill’s rate proposals ‘unfeasible’

first_img Facebook By News Highland – January 19, 2011 Google+ Newsx Adverts Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Pinterest Twitter Three factors driving Donegal housing market – Robinson Facebook Twitter NPHET ‘positive’ on easing restrictions – Donnelly center_img Guidelines for reopening of hospitality sector published The Government has described a proposal from Donegal Senator Brian O’Domhnaill for it to consider a 50% reduction in commercial rates for a 15 month period as unfeasible.Speaking in the Seanad last night, the general election candidate said while all companies across Ireland have issues, he believes the proximity of the border presents particular problems in Donegal.He told Junior Minister Mary White that a number of businesses in Donegal are struggling, and in one instance, over 30 jobs are at risk:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/01/brianrates.mp3[/podcast]Responding, Minister White said rates are a matter for local authorities, most of which are striving to minimise the impact of rates on business.In what will be seen as a reference to the future return of water charges, MInister White said other local revenue may be available in the future, and this will lessen the dependence on commercial rates.However, she made it clear that any substantial reduction would not be funded by government, and it would be unrealistic to expect councils to absorb such a cut:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/01/whiterates.mp3[/podcast] Previous articlePlaywright Brian Friel named Donegal Person of the yearNext articleTánaiste moves to ease Councillors concerns over school closures News Highland RELATED ARTICLESMORE FROM AUTHOR Calls for maternity restrictions to be lifted at LUH Senator O’Domhnaill’s rate proposals ‘unfeasible’ WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Google+ WhatsApplast_img read more

Donegal Youth Council’s future secured

first_img RELATED ARTICLESMORE FROM AUTHOR Previous articleVisiting restrictions lifted at Letterkenny GeneralNext articleFamiles have lucky escape in Raphoe fire News Highland Facebook Calls for maternity restrictions to be lifted at LUH Twitter Donegal Youth Council’s future secured Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Fears over the future of the Donegal Youth Council have been eased after it was confirmed that the council’s  coordinator for Donegal Youth Council has been reinstated.Youth Council members expressed their concerns for its future last week when the youth council was suspended after the coordinator’s contract expired.However Mayor Cora Harvey has confirmed that the coordinator will return to her post today on a contract set to run until March of next year:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/12/coracoordinator1pm.mp3[/podcast] Three factors driving Donegal housing market – Robinson Twitter Newsx Advertscenter_img Guidelines for reopening of hospitality sector published WhatsApp Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week NPHET ‘positive’ on easing restrictions – Donnelly Facebook By News Highland – December 16, 2010 WhatsApp Google+ Pinterestlast_img read more

Jury to visit the scene where Michaela McAreavey was killed

first_img Google+ Newsx Adverts LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Guidelines for reopening of hospitality sector published Pinterest Google+ Twitter The jury in the trial of two men accused of the murder of Michaela McAreavey will today visit the hotel in Mauritius where she was killed.The nine jurors will be accompanied by the judge and the defence and prosecution lawyers.The six men and three women jury will be shown the room at the Legends Hotel where the Co Tyrone woman was found strangled in January of last year. Pinterest WhatsApp Facebook Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeycenter_img By News Highland – June 19, 2012 Almost 10,000 appointments cancelled in Saolta Hospital Group this week Previous articleInishowen Post Office robbed as Sinn Fein question garda response timesNext articleMan’s body recovered from the sea at Derrybeg News Highland Facebook Twitter Calls for maternity restrictions to be lifted at LUH WhatsApp Three factors driving Donegal housing market – Robinson RELATED ARTICLESMORE FROM AUTHOR Jury to visit the scene where Michaela McAreavey was killedlast_img read more

Council to host Historic Graveyards seminar

first_imgNewsx Adverts RELATED ARTICLESMORE FROM AUTHOR WhatsApp Facebook By News Highland – October 19, 2011 Previous articleSpotlight reveals NI Police Ombudsman was not aware of vital info in Donaldson caseNext articleMFG in liquidation with debts in excess of 1 million euro News Highland Facebook Calls for maternity restrictions to be lifted at LUH Three factors driving Donegal housing market – Robinson Google+ Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Google+center_img A seminar is being held this weekend recognising the importance of Donegal’s historic graveyards in a heritage, cultural and religious context.The free seminar is hosted by Donegal County Council and takes place in Maghery this Saturday.There will be a number of speakers on the day giving information on the relevant legislation, maintenance, and best practice associated with our historic graveyards.The Council’s Heritage Officer is Joe Gallagher:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/10/grave.mp3[/podcast]Booking is required, you can get more information HERE (PDF file) Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitter Pinterest Council to host Historic Graveyards seminar Guidelines for reopening of hospitality sector published LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Twitterlast_img read more

New speed limits for rural roads in drive to reduce deaths

first_img WhatsApp Pinterest By News Highland – February 8, 2012 Need for issues with Mica redress scheme to be addressed raised in Seanad also News Facebook WhatsApp Google+ Speed limits are set to be slashed on rural roads across the country following a massive overhaul of the current system.Every speed limit on every road is to be scrutinised in a drive to reduce accidents and deaths on our roads.The core aim is to improve road safety and to ensure that limits match the state of our roads.Safety chiefs claim the road network – especially in rural areas – is “littered” with roads that have speed limits that are far too high, causing unnecessary accidents and deaths.Spokesperson for Road Safety Group PARC, Susan Grey, says hopefully the speed limits are reduced as soon as possible…….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/02/sus1pm.mp3[/podcast] 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Twitter New speed limits for rural roads in drive to reduce deathscenter_img Previous articleArranmore murder-accused ‘had psychiatric disorder’, court told ‎Next articleDonegal man to walk to Dublin in protest against austerity measures News Highland Facebook Google+ RELATED ARTICLESMORE FROM AUTHOR Dail hears questions over design, funding and operation of Mica redress scheme Twitter Pinterest Minister McConalogue says he is working to improve fishing quota Man arrested in Derry on suspicion of drugs and criminal property offences released Dail to vote later on extending emergency Covid powerslast_img read more