Fannie Mae Announces Pricing For Latest Credit Risk Sharing Transaction

first_img  Print This Post Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago May 19, 2015 935 Views Previous: Top Mortgage Banking Execs Convene for Inaugural Five Star Alternative Disposition Forum Next: DS News Webcast: Wednesday 5/20/2015 Connecticut Avenue Securities Series Credit Risk Sharing Transactions Fannie Mae 2015-05-19 Brian Honea Subscribe in Daily Dose, Featured, News, Secondary Market Fannie Mae Announces Pricing For Latest Credit Risk Sharing Transaction About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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. center_img Related Articles Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 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 Fannie Mae has priced the latest credit risk sharing transaction in the Connecticut Avenue Securities (CAS) series at $1.449 billion, according to an announcement from Fannie Mae on Tuesday.The latest note offering in the CAS series (Series 2015-C02) is scheduled to settle on May 27 and is consistent with prior transactions. This transaction includes reference loans with original LTVs up to 97 percent, according to Fannie Mae. This is the seventh CAS transaction since the inception of the program.”We were pleased to bring another strong CAS issuance to the market and were pleased with the broad participation and the strength of the book. This deal reinforces continued investor interest in the consistency of the CAS program and interest in opportunities for exposure to the national housing market,” said Laurel Davis, VP for credit risk transfer at Fannie Mae. “We expect to continue to come to market with programmatic issuance on a quarterly basis, subject to market conditions, and look forward to preparing the market for our transition to an actual loss structure late this year. In the meantime, we remain committed to building liquidity and stability for the CAS program by offering regular, predictable issuance and a consistent deal structure and size. This approach has generated positive feedback from investors.”A large and diverse reference pool determines how much periodic principal and ultimate principal will be paid by Fannie Mae. The reference pool for this transaction includes more than 215,000 residential single-family mortgage loans with an unpaid principal balance (UPB) of about $45 billion, according to Fannie Mae. The loans in the transaction are part of Fannie Mae’s new book of business underwritten with stronger credit standards and enhanced risk controls, acquired during a four-month period from December 2013 to April 2014. The loans are fixed-rate and generally 30-year, fully amortizing mortgages.The reference pool is subdivided into two groups: One with original LTV ratios from 60.01 and 80 percent and one with original LTV ratios from 80.01 to 97 percent, according to Fannie Mae. Both new and existing investors participated in this transaction.Pricing is as follows:1M-1 tranche – One-month LIBOR, spread of 115 basis points1M-2 tranche – One-month LIBOR, spread of 400 basis points2M-1 tranche – One-month LIBOR, spread of 120 basis points2M-2 tranche – One-month LIBOR, spread of 400 basis pointsThe lead structuring manager and joint bookrunner for the transaction was JP Morgan Securities, LLC, and Bank of America Merrill Lynch was the co-lead manager and joint bookrunner, according to Fannie Mae. Co-managers were Barclays Capital, Inc., Citigroup, Inc., and Credit Suisse, and The Williams Capital Group was a selling group member in the transaction, according to Fannie Mae.For more information on the transaction, including Fannie Mae’s approach to credit risk transfer, click here. The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Connecticut Avenue Securities Series Credit Risk Sharing Transactions Fannie Mae Home / Daily Dose / Fannie Mae Announces Pricing For Latest Credit Risk Sharing Transaction Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Savelast_img read more

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DOJ Settles With Bank Over Alleged Discriminatory Lending

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Justice Department recently announced a settlement agreement to resolve allegations that a Lowell, Massachusetts-based bank practiced discriminatory lending based on race and national origin.The Justice Department filed a complaint and proposed consent order on Monday to alleviate the allegations against Sage Bank.A news release from the Department showed that Sage Bank supposedly violated the Fair Housing act and the Equal Credit Opportunity Act (ECOA) by charging African-Americans and Hispanics more for home loans than white borrowers for reasons unrelated to their creditworthiness or financial situations.The Department’s complaint, which originated from a referral by the Federal Deposit Insurance Corp., says that from January 2011 through May 2014, Sage Bank originated mortgage loans to about 550 African-American and Hispanic borrowers.These loans not only provided the bank with higher revenue, but also caused African-Americans to spend about $2,500 more for their loan, while Hispanics paid about $1,400 more, the released stated.“Sage Bank’s loan pricing policies created the risk that borrowers would be treated differently based on impermissible characteristics like race and national origin, and that was in fact the result,” said Principal Deputy Assistant Attorney General Vanita Gupta, head of the Civil Rights Division. “This settlement ensures that all potential borrowers will be treated equally, regardless of race and national origin, and Sage Bank has agreed to restructure and monitor its lending practices to ensure that it is meeting those obligations.”Under the consent order, which is subject to court approval, Sage Bank will:Pay $1,175,000 into a settlement fund to compensate borrowers and applicants who were harmed by Sage Bank’s policies;Establish a new loan pricing policy and a new loan officer compensation policy;Have loan officers and bank employees undergo fair housing and fair lending training; andEstablish a monitoring program to detect future unlawful disparities in mortgage loan pricing.“Sage Bank’s discriminatory practices were aimed at some of our most vulnerable neighborhoods and populations,” said U.S. Attorney Carmen M. Ortiz of the District of Massachusetts. “Homeownership is the foundation of the American dream, and we will continue our work to ensure that all people – regardless of their skin color or the language they speak – have equal access to that dream.”Click here to view Sage Bank’s complaint.Click here to view the Sage Bank’s consent order. The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post December 1, 2015 1,344 Views DOJ Settles With Bank Over Alleged Discriminatory Lending Related Articles Share Save Tagged with: Department of Justice Lawsuits Sage Bank Settlements The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Previous: Xome CEO Kal Raman Resigns Next: Warning Signs Remain Amid Mortgage Risk Performance Improvement Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / DOJ Settles With Bank Over Alleged Discriminatory Lending Sign up for DS News Daily Subscribe 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 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. About Author: Xhevrije West Department of Justice Lawsuits Sage Bank Settlements 2015-12-01 Brian Honea Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

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SunTrust’s Mortgage Servicing Income Surges Amid Positive Earnings Report

first_img  Print This Post Previous: Freddie Mac Kicks Off 2016 With Largest Ever Delinquent Loan Auction Next: DS News Webcast: Monday 1/25/2016 Home / Daily Dose / SunTrust’s Mortgage Servicing Income Surges Amid Positive Earnings Report Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Earnings Statements Profits SunTrust Bank SunTrust’s Mortgage Servicing Income Surges Amid Positive Earnings Report About Author: Brian Honea Earnings Statements Profits SunTrust Bank 2016-01-22 Brian Honea January 22, 2016 1,857 Views in Daily Dose, Featured, Newscenter_img Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago SunTrust Bank experienced a 40 percent spike in mortgage servicing income in the midst of what Chairman and CEO William H. Rogers, Jr., deemed a “solid performance” for both the fourth quarter and full year 2015, according to the bank’s earnings statement released Friday.The Atlanta-based bank reported a net income of $484 million as of the end of Q4 ($0.91 per average common diluted share), an increase of 23 percent from the year-ago quarter. For the full year 2015, SunTrust reported a net income of $1.93 billion ($3.58 per average common diluted share), which was 11 percent higher than 2014’s net income of $1.77 billion.The year-over-year spike in income was driven primarily by improved efficiency and credit quality, according to SunTrust. The bank’s income for 2014 was negatively impacted by legal matters; in June 2014, SunTrust reached a settlement for nearly $1 billion with federal regulators and 49 states plus the District of Columbia for “systemic mortgage servicing misconduct,” including failing to promptly and accurately apply borrower payments, robo-signing, and other illegal foreclosure practices. Largely free from those legal costs, SunTrust reported increased earnings for both the fourth quarter and the full year 2015.“Our solid performance in the fourth quarter and strong 11 percent earnings growth for the year are the result of consistent execution of our strategies and the diversity of our business model,” said William H. Rogers, Jr., chairman and CEO of SunTrust Banks, Inc. “Looking ahead, we will further advance our purpose of improving the financial well-being of our clients and communities, thus driving long-term value for our shareholders.”One area in particular that experienced health growth at SunTrust was mortgage servicing income, which increased by 40 percent year-over-year and 6 percent quarter-over-quarter up to $56 million. SunTrust attributes the large over-the-quarter increase to higher servicing fees, improved net hedge performance, and a decline in the servicing asset decay expense.  The over-the-year increase was largely driven by higher servicing fees as a result of a larger servicing portfolio, according to SunTrust.At the end of 2015, the value of SunTrust’s mortgage servicing portfolio was reported at $148 billion, an increase of $6 billion from the previous year, driven by portfolio acquisitions.Meanwhile, mortgage production-related income for Q4 declined to $53 million from $58 million in Q3 and $61 million in Q4 2014. A modest decline in gain-on-sale margins drove the $8 million year-over-year decline, while a decline in production drove the $5 million over-the-quarter decline. A typical seasonal decline in new purchase activity resulted in a 20 percent over-the-quarter decline in mortgage production volume in Q4. 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. The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

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The Road Ahead for Mortgage & Housing

first_img  Print This Post 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 Demand Propels Home Prices Upward 2 days ago Greg McBride is the SVP and Chief Financial Analyst for Bankrate.com, with over two decades’ worth of experience in personal finance. A regular staple the cable news scene, McBride regularly provides insights on the financial landscape to networks such as CNN, CNBC, and Fox Business Network. He is also Treasurer for the Board of Directors of ClearPoint Credit Counseling Solutions, an Atlanta-based nonprofit credit counseling agency.DS News recently spoke to McBride about the state of the mortgage and housing industry, the impacts of tax reform, and which emerging technologies have the chance to reshape the industry.You’ve predicted that HELOC borrowers might see an increase of around 75 basis points during 2018. What sort of factors went into that prediction?That is a reflection of the baseline assumption of three rate hikes from the Federal Reserve. The way HELOCs work is that the majority of them are pegged to the prime rate. And so any rate hike by the Federal Reserve is effectively passed directly through to HELOC borrowers. Usually in one to two statement cycles. So, with three rate hikes … I’m forecasting three rate hikes from the Fed this year, that’s going to translate into to a 75 basis point increase. Now, the other thing to keep in mind is, timing may come into play here, in the sense that there was a rate hike in mid-December. So, a lot of borrowers, when they get the January or February statement, they’re going to see their rate going up a quarter percentage point by virtue of that December rate hike. So, depending on the timing, you might see your rate at the end of the year being 75 basis points higher, or it could be 100 basis points higher. Depending upon timing of when your lender adjusted for the December 2017 rate hike, and when in the calendar the rate hikes for 2018 occur.Forecasts range from 0 to 5. There does seem to be a clustering around the three mark. But nonetheless, there are a lot of factors that could change that. I think the wild card, at this point, is inflation. Inflation could prompt them to be more aggressive, or it could give them the latitude to sit back and be less aggressive. Global developments, the performance of financial markets, the pathway the economy takes. All of those are relevant variables to when and how much the Federal Reserve moves on interest rates.What are some of the bigger trends and challenges that you see on the horizon for the mortgage industry in 2018? Is there anything that really stands out, or anything … even the sort of lessons that have carried over from 2017?Well, I wouldn’t put this as a huge challenge, just that I think it’s a reflection of the reality, is that if mortgage rates trend higher during the year, that’s going to put more of a damper on refinancing activity. And require lenders to have more of a focus on homebuying activity. And what has kind of been hamstringing the housing market is the lack of inventory of available homes for sale. You can’t buy it if it’s not for sale. So there are a lot more people that want to buy homes than are actually buying them. And that’s nothing new, by the way. That is a continuation of what we saw in 2017, and even in 2016. But if you intersect that with rates going up by any measure, it further takes away the refinancing activity.What do you foresee happening with that sort of interplay between buying and renting, during the next year?I think occupancy rates will still be very high. For landlords, I think the demand for rentals will still be very strong, even if they’re not in a position, necessarily, to raise rents. In some markets, I think there’s likely to be price pressure that may limit the ability to raise rents. Whereas in other markets, it can continue to be really strong and be supportive of raising rents. But regardless of the local market dynamics regarding price, I think there’s a fair chance that occupancy is going to be strong enough that it’s a positive year for landlords.Do you see the potential for local housing bubbles in certain markets in 2018?There are certain markets where values are very stretched, and prices are just completely divorced from the pocketbook realities of what people can afford to pay. And so that’s where I think the risk lies. On the national basis, no, the bubble is not in real estate. It may very well be in bitcoin, but it is not in real estate.What are the emerging technologies you think will have a major impact on the housing and mortgage industry in 2018 and beyond?Well, I think the future is blockchain. That’s what is going to have a future, and will have a broad impact on the financial world in years to come and again, I don’t know that that necessarily reaches a tipping point in 2018. I think that the water’s going to continue to flow downhill, with regard to blockchain becoming more relevant, going forward. But as for specific cryptocurrencies [like bitcoin], I’m extremely skeptical of their viability and particular of the value that speculators have placed on it.Do you think blockchain will mainly be useful just as far as easing communication and paperwork issues? Or do you see some other factor?I think it kind of cuts down on the paperwork bureaucracy, over time, I think it cuts down on the paperwork intensiveness of mortgage transactions. And just financial transactions in general. Ultimately, it’s something that reduces the cost of transactions. But again, I think that’s sort of a continual evolution. It’s not something that necessarily is on the cusp of a tipping point.What do you foresee as being the biggest impacts as that goes forward, on the housing industry and the servicing industry?You’re certainly going to see a dampening of demand for home equity borrowing. And people just may increasingly resort to cash-out refinancing, for example, to tap equity. People will, to the extent that people may have been inclined to use home equity for big ticket purchases like automobiles, that will certainly be much less the case. Particularly with auto loan rates as low as they are. I think a couple of the limitations that have a particularly hard regional impact are limitations on mortgage interest deductibility, the reduction from $1,000,000 to $750,000. I think that disincentivizes somebody who’s got a mortgage that’s more than $750,000 from relocating.So, I think there’s a tendency that that could dilute people moving, within those high cost markets. Because they don’t want to lose the bigger tax deduction. Unless they’re trading down. I mean, they may do that. But if they have a $900,000 mortgage, and they’re moving up to a $2,000,000 house, I think the tax deductibility may disincentivize that to some extent.Also, the limitations on the deductibility of state and local taxes. I think that’s something that could also have an impact on demand in high cost markets. Less incentive to move into the market, less incentive to move within the market. And I think it certainly does not provide any support for current price levels. Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Tagged with: Bankrate Bankrate.com greg mcbride Previous: Hladik, Onorato & Federman, LLP Welcomes Steven Horne to the Firm Next: Transformational Mortgage Solutions Announces New President & COO About Author: David Wharton Subscribe Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Road Ahead for Mortgage & Housing Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Bankrate Bankrate.com greg mcbride 2018-01-20 David Wharton in Daily Dose, Featured, Headlines, Journal, News January 20, 2018 1,436 Views Home / Daily Dose / The Road Ahead for Mortgage & Housing Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Related Articleslast_img read more

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HUD Celebrates National Homeownership Month

first_img Related Articles  Print This Post The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / HUD Celebrates National Homeownership Month The Best Markets For Residential Property Investors 2 days ago May 31, 2018 5,253 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Ben Carson Homebuyers Homeowners Homes Households HOUSING Housing Counseling HUD 2018-05-31 David Wharton If you weren’t aware that June is National Homeownership Month, the U.S. Department of Housing and Urban Development aimed to change that on Thursday, kicking off a new media push and announcing their theme for the month: “Find Your Place.”“Homeownership serves as an enduring symbol of security and prosperity, and it provides many Americans with a legacy they can pass down to their children and grandchildren,” said HUD Secretary Ben Carson. “During National Homeownership Month, we recognize the abiding value of owning a home, and we rededicate ourselves toward helping hard-working families to find their place in the American dream.”In the media release, the department spotlights HUD’s legacy, stating, “Since 1934, more than 47 million households purchased a home with mortgage loans insured by the Federal Housing Administration (FHA). During the housing crisis of a decade ago, FHA played a critical role in keeping affordable mortgage financing available for millions of qualified borrowers. Today, home sales are at pre-crisis levels and home prices on the rise in most parts of the country as millennials make up the largest segment of first-time homebuyers. Through FHA and a national network of HUD-approved counseling agencies, HUD is working to make responsible homeownership a reality for millions of Americans.”HUD also provides a quick snapshot of the state of both homeownership and how the department is working to promote it in 2018:HUD’s Office of Housing Counseling (OHC) supports a nationwide network of more than 1,800 housing counseling agencies.Struggling homeowners at risk of default who work with a housing counselor are more likely to get a loan modification and are 30 percent less likely to face foreclosure, compared to similar owners who did not get counseled.The median wealth or net worth of a homeowner is nearly $200,000, or 36 times greater that of the median renter who had just over $5,000.Homeowners move far less frequently than renters, making it easier to build community networks and support systems.Children of families who own their homes are more likely to graduate high school and earn more income later in life.Last year alone, more than 1.2 million people turned to FHA to help them buy a home or to refinance into a lower cost mortgage.Today, an estimated 40 percent of all borrowers turn to FHA to purchase their first home.44 percent of home purchases by African American families and 43 percent of home purchases by Hispanic families are assisted by FHA.To see a short video of HUD Secretary Ben Carson reflecting on the legacy of the 1968 Fair Housing Act, click here. Tagged with: Ben Carson Homebuyers Homeowners Homes Households HOUSING Housing Counseling HUD About Author: David Wharton HUD Celebrates National Homeownership Month Previous: DS News June Issue: Mr. Ebers Talks Mr. Cooper Next: Remodeling Activity Soars, Breaks Records Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

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FirstClose Announces Integration with Ellie Mae’s Encompass

Data Provider Black Knight to Acquire Top of Mind 2 days ago February 15, 2019 1,211 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Ellie Mae FirstClose Tedd Smith Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago FirstClose, a Texas-based provider of technology solutions for mortgage lenders nationwide, announced that its reporting suite is now available through Ellie Mae’sEncompass® digital mortgage solution. The seamless integration will allow lenders to order FirstClose’s solutions directly through Encompass to drive quality and efficiency in the loan origination process.Services can be ordered directly from Encompass at the touch of a button, eliminating duplicate keystrokes when placing orders. When orders are returned, data points are sent back to Encompass, which automatically populates critical fields such as the full legal description and vesting information from the title work, the appraised value from the valuation product selected, and more. Copies of the completed reports are automatically imaged into Encompass. The integration reduces human error, as well as costs and closing times.Ellie Mae is a provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae’s Encompass digital mortgage solution provides one system of record that enables banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.“Seamless integration between the LOS and valuation and settlement services helps lenders close loans more quickly and efficiently,” said Tedd Smith, CEO at FirstClose. “Our secure integration with Encompass enables our clients to simplify the process of ordering our solutions, so they can more easily process mortgage loans and grow their business. We look forward to a long, successful relationship with Ellie Mae.” FirstClose specializes in delivering a powerful web app and LOS plugin that offers application to servicing (credit score, valuation, title, tax, flood, closing, and recording) on one easy-to-navigate platform. The company also delivers simplified vendor management by consolidating vendors and products on one platform to easily identify and repair the gaps where lender profits can be maximized. 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] Demand Propels Home Prices Upward 2 days ago FirstClose Announces Integration with Ellie Mae’s Encompass  Print This Post Share Save Servicers Navigate the Post-Pandemic World 2 days ago Ellie Mae FirstClose Tedd Smith 2019-02-15 Donna Joseph Home / Featured / FirstClose Announces Integration with Ellie Mae’s Encompass About Author: Donna Joseph Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Roostify Expands Its Advisory Board Next: AI Foundry Names New VP of Customer Success Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Featured, Headlines Subscribe read more

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The Ups and Downs of Home Prices

first_img Demand Propels Home Prices Upward 2 days ago 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. The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / The Ups and Downs of Home Prices About Author: Radhika Ojha Subscribe The housing market is in good shape and ready to weather a downturn even if it does occur according to Ralph McLaughlin, Executive, Deputy Chief Economist, Office of the Chief Economist at CoreLogic.In this video, McLaughlin explains that broad and deep troughs in housing prices are the exception rather than the rule during recessions. “If we look at the past five recessions we see that home prices typically weather downturns quite well,” McLaughlin said.He also pointed to housing inventory levels saying that the fact “we’re at historically low inventory is important because it means we’re in a very different supply environment compared to the massive run-up in inventory that appeared before the onset of the Great Recession. Today’s low supply environment means that prices are unlikely to fall far, if at all, during the next recession.Watch the video to learn how housing has fared during various recessions and recoveries: Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago CoreLogic Great Recession Home Home Prices HOUSING Inventory 2019-03-05 Radhika Ojha Previous: Freddie Mac: How Will the Housing Market Perform? Next: Artificial Intelligence, Real World Results Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Savecenter_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Ups and Downs of Home Prices Related Articles March 5, 2019 1,781 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Tagged with: CoreLogic Great Recession Home Home Prices HOUSING Inventorylast_img read more

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Former Fannie Mae CEO James Johnson Dies at 76

first_img 2020-10-19 Cristin Espinosa Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Former Fannie Mae CEO James Johnson Dies at 76 in Daily Dose, Featured, News Servicers Navigate the Post-Pandemic World 2 days ago Share Save Former Fannie Mae CEO James Johnson Dies at 76 The Week Ahead: Nearing the Forbearance Exit 2 days ago October 19, 2020 1,098 Views About Author: Cristin Espinosa Cristin Espinosa is a reporter for DS News and MReport. She graduated from Southern Methodist University where she worked as an editor and later as a digital media producer for The Daily Campus. She has a broadcast background as well, serving as a producer for SMU-TV. She wrote for the food section during her fellowship at The Dallas Morning News and has also contributed to Advocate Magazine and The Dallas Observer. 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 James A. Johnson, who served as CEO of Fannie Mae from 1991 to 1998 and was a Democratic campaign operative, died on Sunday, Oct. 18 at the age of 76.His son, Alfred, told The Washington Post and Wall Street Journal that he passed away due to complications from a neurological condition at his home in Washington.A Minnesota native, Johnson graduated from the University of Minnesota in 1965, where he studied political science. In 1968, he earned a master’s degree in public policy from Princeton University.Johnson was highly active in politics and participated in the civil rights and anti-Vietnam War movements of the 1960s. His father was speaker of the Minnesota House of Representatives and he was the chairman of Walter F. Mondale’s presidential campaign in 1984, which he lost to Ronald Reagan. Johnson was also involved in the presidential bids of democrats Eugene McCarthy, Edmund Muskie and George McGovern. He went on to co-fund a political consulting firm and sell it to Shearson Lehman Brothers. He was working at the banking firm in 1985 when he met David O. Maxwell, the head of Fannie Mae at the time.Johnson helped Maxwell to prevent Fannie Mae from going private, which landed him a position as vice chairman of Fannie Mae in 1990. He became CEO and chairman the following year. During his time at Fannie Mae, Johnson worked to maintain the company’s government privileges, expand its portfolio and made an effort to create more affordable housing and help low-income Americans and underserved minorities achieve homeownership.“Fannie Mae is an instrument for improving the opportunities for Americans that is almost unrivaled,” Johnson told the New York Times in 1997.Johnson continued to play an active role in politics as he helped shape a 1992 law, the Housing and Community Development Act, which was signed by President George H.W. Bush with the assistance of lobbyists representing Fannie Mae. At the same time that Johnson was chairman of Fannie Mae, he also chaired the John F. Kennedy Center for the Performing Arts and the Brookings Institution think tank. President Bill Clinton’s deputy of staff, Harold M. Ickes, dubbed Johnson “the chairman of the universe.”Johnson did not end his career as a business leader after he retired from Fannie Mae in 1998. He would then go on to serve on the boards of several large companies, such as Goldman Sachs, UnitedHealth Group, KB Home and Target. He also served as chairman of a private-equity firm called Perseus as well as chairman for the advisory council of the Stanford Center on Longevity. Previous: Q3 Foreclosure Starts Have Decreased Most in These Cities Next: New-Home Construction in Areas at Risk of Wildfire Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post 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 The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Subscribelast_img read more

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Government to move Donegal South West by-election writ

first_img RELATED ARTICLESMORE FROM AUTHOR Facebook By News Highland – November 4, 2010 The Government will formally move the writ for the Donegal South West By-Election today.The Cabinet agreed the move last night after the High Court ruled there had been an unreasonable amount of delay in holding the contest.The Opposition intend to seize on the opportunity and will today attempt to also have by-elections in Dublin South, Waterford and Donegal North East.Labour TD Emmet Stagg says this wil be a real test for the Green Party:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/11/09stag.mp3[/podcast]PAT THE COPE WILL NOT RUN IN BY-ELECTIONMEP Pat the Cope Gallagher has catagorically rules himself out of contesting the Donegal South West by-election  for Fianna Fail.’The Cope’ made his statement this morning as specualtion continued that he would, if asked, return from europe to assist in Fianna Fail in retaining its seat.Senator Brian O’Domhnail remains the favourite to contest for the party but his success or otherwise would be highly dependent on support from the Pat The Cope camp.This morning Mr Gallagher said who ever is chosen by Fianna Fail will have his full support:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/11/copeelection.mp3[/podcast] Twitter WhatsApp WhatsApp Newsx Adverts Pinterest Facebook Previous articleFuneral to take place of fisherman Edward DohertyNext articleDonegal South-West by-election date set – Thursday 25th November News Highland Three factors driving Donegal housing market – Robinson center_img Pinterest Calls for maternity restrictions to be lifted at LUH NPHET ‘positive’ on easing restrictions – Donnelly Government to move Donegal South West by-election writ Google+ Twitter Google+ Help sought in search for missing 27 year old in Letterkenny 448 new cases of Covid 19 reported today Guidelines for reopening of hospitality sector publishedlast_img read more

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Audio Update – 40 patients waiting for beds at LGH

first_img NPHET ‘positive’ on easing restrictions – Donnelly Previous articleUnder 21 Football Championship in doubtNext articleJoy in Sion Mills as autistic child’s dog is found News Highland Help sought in search for missing 27 year old in Letterkenny Pinterest Facebook Facebook Audio Update – 40 patients waiting for beds at LGH Three factors driving Donegal housing market – Robinson The INMO has confirmed there were 40 people waiting for beds at Letterkenny General Hospital this morning, the highest figure at the hospital since they began keeping the records.Following what’s been described as another extremely busy weekend at the hopspital, 18 patients were on trollies in the Emergency Department this morning, while 22 were on wards, all of them awaiting beds.Donegal North East Deputy Padraig Mac Lochlainn is planning to raise the issue with Health Minister Leo Varadkar tomorrow.He says proportionately,  Letterkenny General is the worst resourced hospital in the country……..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/02/podlghstats.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApp Google+ Homepage BannerNewscenter_img Twitter News, Sport and Obituaries on Wednesday May 26th By News Highland – February 2, 2015 GAA decision not sitting well with Donegal – Mick McGrath RELATED ARTICLESMORE FROM AUTHOR Pinterest Google+ WhatsApp Twitter Nine Til Noon Show – Listen back to Wednesday’s Programme last_img read more

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