Housing Starts Fall While Permits Rise

first_imgHome / Daily Dose / Housing Starts Fall While Permits Rise Previous: Bank of America Net Income Up in Q1 Next: GSEs Expand Credit Box, Take More Lending Risk Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News The Best Markets For Residential Property Investors 2 days ago Despite a strong February, housing starts have fallen almost seven percent in March. According to Tuesday’s New Residential Construction report from the Census Bureau and the Department of Housing and Urban Development (HUD), housing starts dropped to a seasonally adjusted annual rate of 1.215 million, a 6.8 percent decrease from February’s 1.303 million, but many outlooks are still positive. The March housing starts rate is 9.2 percent higher year-over-year.“Today’s Census Bureau report for March is good news for the housing market,” said First American Chief Economist Mark Fleming. “Millennial household formation is beginning to have meaningful impact on housing demand and will likely only increase. Currently, I estimate that the amount of housing supply necessary to just keep pace with demand is probably around 1.5 million housing units a year.”Single-family starts fell six percent in March, to an annual rate of 821,000 from February’s rate of 875,000, which was the fastest monthly rate since the Great Recession.Although sing-family starts dropped, single-family permits posted the third largest annual pace since the recession. Permits in March grew 3.6 percent to 1.26 million from February’s 1.216 million, and grew year-over-year by 17 percent. According to the report, housing completions were up in March by 3.2 percent, totaling 1.205 million, over February’s 1.168 million. This is a year-over-year increase from March 2016 by 13.4 percent.The National Association of Homebuilders (NAHB) reports that this is much in line with Monday’s NAHB/ Wells Fargo Housing Market Index (HMI). The March HMI was unusually high, and the NAHB predicts more growth throughout the year. NAHB reports that there is a continuing demand for home construction, although builders have faced several challenges such as high regulatory costs and increasing material prices.Regionally, the South was the best performing region, with a three percent month-over-month gain in housing starts. The Northeast showed no change, while the West dropped six percent, and the Midwest dropped 35 percent.Read the full Census Bureau/HUD survey results here. Demand Propels Home Prices Upward 2 days ago Share Save Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer. Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Housing Starts Fall While Permits Rise  Print This Post Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago 2017-04-18 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago April 18, 2017 1,025 Views About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

Could Housing Construction Momentum Take a Hit?

first_img Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Could Housing Construction Momentum Take a Hit? Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Each monthly LegalShield Law Index tracks factors such as housing starts, foreclosure starts, and consumer confidence, compiling indices based on LegalShield’s proprietary data culled from their client base. The Law Index is divided up into sub-indices that track different sectors of the economy, each tied to other key economic reports or indicators.The latest LegalShield Housing Activity Index, a leading indicator of housing starts, was up 4.3 percent year-over-year in February, which bodes well for housing construction momentum. “Two indications that housing may pick up in 2018 are the recent rise in housing permits, which are a leading indicator of housing starts and are up 7.4 percent on the year, and new housing unit authorizations, which were nearly 11 percent above year-ago levels in January,” explained James Rosseau, LegalShield’s Chief Commercial Officer. “However, the potential for new trade restrictions could increase the price of key materials, such as lumber, steel, and aluminum, and that could lead to weaker construction investment. This is a development that should be closely monitored in the weeks and months ahead.”LegalShield’s Consumer Financial Stress Index remained flat in February, and at historic lows for the Index. For comparison’s sake, the Conference Board’s Consumer Confidence Index improved by 6.5 points in February, hitting a score of 130.8. LegalShield suggests this increase could reflect tax decreases spurred by the recent tax reform legislation. However, since LegalShield’s data is “based on actual consumer behavior rather than perception,” LegalShield cautions that “consumer confidence may be overstated relative to underlying economic fundamentals.””We are concerned about worrisome trends, such as elevated consumer debt levels and a 12-year low in the personal savings rate,” said Rosseau. “Nevertheless, LegalShield data point to continued low consumer financial stress for the first half of the year.”The LegalShield Real Estate Index declined 2.0 points in February to 98.3, which puts it 4.7 percent since early 2017. This parallels a 4.7 percent drop in existing home sales during that same period, likely reflective of continuing challenges presented by limited housing inventory that can’t keep pace with demand. LegalShield cites data from the National Association of Realtors, which shows that pending home sales are at their lowest level in three years, while prices for existing homes have spiked six percent over 12 months—again, likely the result of inventory shortages.”Overall, these effects point to flat growth in existing home sales over the next two to three months, though sales may improve later this year if housing starts continue to rise, as expected,” Rosseau said. Consumer Confidence Existing Home Sales Home Sales Home Starts Housing Starts LegalShield LegalShield Law Index Pending Home Sales President Trump tariffs 2018-03-08 David Wharton Demand Propels Home Prices Upward 2 days ago March 8, 2018 1,664 Views Previous: Royal Bank of Scotland Settles for $500 Million Next: Fed’s Beige Book Builds Case for Further Rate Hikes About Author: David Wharton Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Consumer Confidence Existing Home Sales Home Sales Home Starts Housing Starts LegalShield LegalShield Law Index Pending Home Sales President Trump tariffs Could Housing Construction Momentum Take a Hit? The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Headlines, Journal, Market Studies, News 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 Related Articleslast_img read more

The Challenges of Residential Instability

first_img 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] Demand Propels Home Prices Upward 2 days ago The Challenges of Residential Instability Homelessness is a critical issue facing the nation, but a new report examines the challenges of “housing instability,” and how communities can intervene to deal with the problem before it reaches the point of homelessness.That’s the topic of the Urban Institute report “Family Residential Instability: What Can States and Localities Do?” authored by Brett Theodos and Sara McTarnaghan of the Urban Institute and Claudia Coulton of Case Western Reserve University. The report is compiled from a roundtable meeting convened by the Urban Institute and the Annie E. Casey Foundation, drawing upon the insights of “more than 40 practitioners, advocates, public officials, researchers, and funders” who “shared practical insights about successful strategies and pitfalls of policy and program solutions to address family residential instability.”As the report points out, there are many problems faced by families who may not yet be homeless, but who are suffering from residential instability. Moreover, the reasons behind this residential instability can vary significantly depending on both the individual and the region where they are located, among other factors. The report first focuses on a factor related to residential instability—residential mobility. Moving isn’t necessarily a bad thing, but the report defines residential instability as “when the frequency of residential mobility in a household or individual is high or occurs over short intervals.” Residential instability can also be a sign of housing insecurity, “which refers to households that have difficulty remaining adequately housed because of problems affording or maintaining their housing.” The report continues to say that “Mobile households frequently have periods of homelessness, including living on the streets, in shelters, or doubled-up temporarily.”The Urban Institute report found five primary contributors to residential instability: neighborhood dynamics, housing unit conditions, household characteristics, metropolitan area and housing market dynamics, and cross-cutting systems (such as “the availability of housing assistance and other social safety net supports, the criminal justice system, and labor markets”).The report explains that those affected by residential instability are often forced by circumstance to accept whatever housing they can find, and “they often end up in worse housing conditions and drained of financial resources.” Low-income families, in particular, are often forced to move frequently and have less control over where they wind up, which can affect both the parents and children within a family.So, how can communities help address the problem of housing instability? One key factor is working to improve housing supply and availability—no easy feat, given how many markets are currently struggling with housing inventory shortages. “States and localities can work toward these aims by supporting landlords, creating sufficiently strong landlord-tenant laws, and enforcing housing codes,” states the report. The Urban report also recommends communities make use of federal resources, focus resources on the segments of the housing supply most in need of resupply, and work to preserve and subsidize existing affordable housing.The report also highlights the importance of examining both landlord-tenant laws and the enforcement of housing codes. “Rather than simply enforcing housing codes in ways that cause greater displacement, more proactive engagement of code enforcers in low-income neighborhoods is needed,” the report states. “Smarter, more effective code enforcement will rely on both carrot and stick approaches to address housing quality and conditions. Smarter code enforcement will hold people accountable and provide low-cost financial loans or grants for landlords who lack the resources make needed improvements. This may be in exchange for limiting the rent increases which can result from upgraded properties.”To read the full Urban Institute report on residential instability, click here. housing instability residential instability Urban Institute 2018-05-22 David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago May 22, 2018 2,303 Views Tagged with: housing instability residential instability Urban Institute in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago About Author: David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Previous: Mortgage and LGBT Leaders Collaborate for Diversity in Miami Next: Industry Sounds Off on Dodd-Frank Reform Bill Demand Propels Home Prices Upward 2 days ago Related Articles Share Save Home / Daily Dose / The Challenges of Residential Instability The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Top Cities for First-time Homebuyers

first_img About Author: Kristina Brewer Sign up for DS News Daily Top Cities for First-time Homebuyers Where should first-time homebuyers look for their first home? Wallethub took a sample of 300 U.S. cities of various sizes—fewer than 150,000 people (small), 150,000 to 300,000 people (midsize), and more than 300,000 (large)—and compared them across 27 key indicators of “market attractiveness, affordability, and quality of life,” in order to address this question.Such factors included items like cost of living, rent-to-price-ratio, median home-price appreciation, housing-market health index, job market, and violent-crime rate, among others. Once ranked, the cities were given a weighted average across all metrics to calculate the overall score, with the goal of 100 representing “the most favorable conditions for first-time homebuyers,” according to the report.In the overall ranking, Broken Arrow, Oklahoma, took the top spot, with an ‘affordability’ ranking of 55, a ‘real-estate market’ rank of 26, and a ‘quality-of-life’ rank of 11, resulting in an overall score of 67.09 (out of a possible 100). In second place, proving that things may just be sweeter in the south, Tampa, Florida, ranked at an overall 65.79, in 139th place for affordability, 4th place for real-estate market, and 15th place for quality of life. City number three shifts the focus west (if only just) to Centennial, Colorado, where an overall score of 64.74 is earned through being 114th in affordability, 51st in real-estate market, and 7th in quality of life.The remaining top 10 spots were filled as follows:4) Boise, Idaho: 64.69 overall score, 19th in affordability, 169th in real-estate market, 43rd in quality of life5) Grand Rapids, Michigan: 64.65 overall score, 17th in affordability, 18th in real-estate market, 142nd in quality of life6) Thornton Colorado: 64.49 overall score, 122nd in affordability, 40th in real-estate market, 3rd in quality of life7) Frisco, Texas: 64.26 overall score, 152nd in affordability, 2nd in real-estate market, 44th in quality of life8) McKinney, Texas: 64.26 overall score, 165th in affordability, 1st in real-estate market, 42nd in quality of life9) Cary, North Carolina: 64.03 overall score, 16th in affordability, 107th in real-estate market, 23rd in quality of life10) Gilbert, Arizona: 63.98 overall score, 4th in affordability, 12th in real-estate market, 169th in quality of lifeClick here to read the full report. Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago 2018-07-16 Kristina Brewer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Is A ‘Generational Housing Bubble’ Taking Shape? Next: Which Amazon HQ2 City Offers the Best Housing Opportunities? Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago July 16, 2018 1,934 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Journal, Market Studies, News Kristina Brewer is the Editorial Assistant of Publications for the Five Star Institute, including DS News and MReport magazine. She is a graduate of the University of North Texas (UNT), where she received her Bachelor of Arts in English with a concentration in rhetoric and writing and a minor in global marketing. During this time, she served as Director of Philanthropy in the national women’s fraternity Zeta Tau Alpha, of which she is an alumna. Her passion for philanthropy continued after university when she was an intern at Keep Denton Beautiful, a local partner of Keep America Beautiful, where she drove membership, organized events, and led social media campaigns. Brewer honed her writing at the North Texas Daily, UNT’s student-run newspaper where she wrote about faculty, mentorship, and student life. Brewer also previously worked at Optimus Business Plans where she helped start-ups create funding proposals, risk assessments, and management plans.  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Top Cities for First-time Homebuyers Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Fair Warning: State Supreme Court Rules on Foreclosure Notices

first_imgHome / Commentary / Fair Warning: State Supreme Court Rules on Foreclosure Notices The Week Ahead: Nearing the Forbearance Exit 2 days ago Fair Warning: State Supreme Court Rules on Foreclosure Notices Act 91 Foreclosure Hladik imitation of foreclosure mortgage Onorato & Federman Pennsylvania Servicers Stephen M. Hladik Taggart The Supreme Court 2019-03-18 Staff Writer Related Articles in Commentary, Daily Dose, Featured, Foreclosure, Journal, News March 18, 2019 6,495 Views Share Save Tagged with: Act 91 Foreclosure Hladik imitation of foreclosure mortgage Onorato & Federman Pennsylvania Servicers Stephen M. Hladik Taggart The Supreme Court Previous: Why Reverse Mortgages Keep Moving Forward Next: How Natural Disasters Are Influencing Delinquency Rates The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Stephen M. Hladik, Esquire, is a principal in Hladik, Onorato & Federman, LLP. Formerly the youngest Deputy Attorney General in charge of the Harrisburg office of the Pennsylvania Bureau of Consumer Protection, Hladik brings a broad range of experience to his mortgage foreclosure, bankruptcy, tax sale, and UDAP legal practice. Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago About Author: Stephen M. Hladik The Pennsylvania Supreme Court issued its long-anticipated decision on a question concerning notices of intent to foreclose in Pennsylvania – a question that has perplexed lenders and servicers for some time.  The issue involved situations where a foreclosure is pending and then either voluntarily withdrawn by the lender or dismissed by a court. If the lender chooses to proceed with another case after termination of a prior proceeding, and no new payments are tendered by the borrower, a question existed whether a lender was legally required to tender new Act 6 notice of intent to foreclose before commencing the second action.The Pennsylvania Supreme Court has answered this question, and now it is clear: upon termination of a foreclosure proceeding in Pennsylvania if the lender or servicer wishes to proceed with another case, and the action is governed by Pennsylvania Act 6, new notice must be tendered.  The state Supreme Court issued its Opinion on February 20, 2019, in the matter of JP Morgan Chase Bank N.A., by its successor Great Ajax Operating Partnership, LP v. Taggart, No. 6 EAP 2018 (Pa. 2019).In the decision, the Supreme Court reviewed several key statutes governing notice as well as the consequences of voluntary withdrawal of a case or dismissal by a court.  By way of background, Pennsylvania has two main statutes regulating notices of intent to foreclose, Act 6 and Act 91. Under Act 6, enacted in 1974, there is a specific notice that mortgagees must send to borrowers prior to imitation of foreclosure.  In 1983, the state adopted Act 91, and various amendments to that act have resulted in a new form of notice to be sent to borrowers prior to initiation of foreclosure. However, Act 91 has certain exceptions where it does not apply, specifically if the loan is insured by the FHA, or the loan is greater than 24 months delinquent, the arrears exceed $60,000.00 or the premises is not the principal residence of the borrower.In Taggart, Act 91 did not apply as the property was not the borrower’s principal residence. Hence, Act 6 governed initiation of the foreclosure process.  The lender sent the notice and commenced a foreclosure action. The borrower moved to dismiss the foreclosure action, and the lender did not reply to the motion, resulting in dismissal of the foreclosure action by the trial court.  The lender chose to file a new action and did not send any new notices prior to initiation of the new action.Taggart challenged the second proceeding, saying that the lender was required to send new notices before filing a new action.  The Supreme Court agreed with the borrower, and now the issue is clear in this state. If a foreclosure case is either withdrawn voluntarily or dismissed by a court, before starting a new action, if the case is governed by Act 6, a lender must send new notices of intent to foreclose. The Supreme Court stated, “A lender may not recycle a stale pre-foreclosure notice that it issued in connection with a prior complaint in mortgage foreclosure.”  Opinion at pp. 1-2. The Court concluded that “[i]n view of the statutory language, the occasion and necessity for Act 6, the mischief to be remedied, and the object to be attained, . . . Act 6 requires a new pre-foreclosure notice each time the lender initiates a mortgage foreclosure action.” Opinion at p. 14. Subscribelast_img read more

Top 10 Home Features for Baby Boomers

first_imgHome / Daily Dose / Top 10 Home Features for Baby Boomers  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Top 10 Home Features for Baby Boomers Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Baby Boomer homebuyers must have a laundry, but they would rather do without an elevator or a wine cellar in their home according to a recent study by the National Association of Home Builders (NAHB).The study, was published on NAHB’s Best in American Living blog and is part of its What Homebuyers Really Want report, revealed that while their top home feature likes and dislikes are in sync with other generations, baby boomers are more likely to have strong opinions about what they want, and don’t want, in their homes.While a laundry room topped the list of must-have features with 94 percent baby boomers listing it as an essential feature, 91 percent of this generation would also like energy efficient windows. At 89 percent a patio also rated high among home features desired or essential for baby boomers followed by a ceiling fan, garage storage, and exterior lighting with 88 percent boomers listing these features as essential or desirable in a home.A full bath on the main level, walk-in pantry, hardwood flooring, and a fully energy efficient home rounded off the top 10 home features that baby boomers desired.The report noted that the only feature listed by baby boomers that were different from other generations was the desire to have a full bath on the main level. Among community features that were ranked as most desirable by baby boomers, having a home near a retail space ranked first, followed by walking/jogging trails, suburban homes, walkable communities, and homes close to a park area.Like other generations, baby boomers also rated an elevator and a wine cellar among the most undesirable features in a home. Seventy-four percent of this generation said that they were unlikely to buy a home if it had an elevator while 69 percent felt the same way about a wine cellar.A daycare center, two-story family rooms, and plant-covered roofs were among other home features that baby boomers would rather do without. More than 50 percent of this generation said that they could also do without a pet washing station, dual toilets in the master bath, golf course community, cork flooring, and living in a high-density development. Share Save April 10, 2019 1,724 Views Previous: Cities in the Crosshairs—Is a Housing Crisis Ahead? Next: Megabank CEOs Meet With Congress Subscribe Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily center_img Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Baby Boomers Homes HOUSING NAHB About Author: Radhika Ojha The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Baby Boomers Homes HOUSING NAHB 2019-04-10 Radhika Ojha Data Provider Black Knight to Acquire Top of Mind 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 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. in Daily Dose, Featured, Market Studies, Newslast_img read more

Meet the New Chair of Fannie Mae’s Board of Directors

first_img Servicers Navigate the Post-Pandemic World 2 days ago Sheila Bair will take on her new role of Chair of the Fannie Mae Board of Directors on November 20, 2020.Fannie Mae announced on Wednesday that Sheila C. Bair will take on the role of Chair of Fannie Mae’s Board of Directors. The Board unanimously passed a resolution appointing her Chair on October 28, and Bair will be starting her new role on November 20. She succeeds Jonathan Plutzik, who will remain on the Board of Directors.“Sheila’s deep well of experience will provide strong leadership as Fannie Mae works with the Federal Housing Finance Agency (FHFA) to exit conservatorship while simultaneously fulfilling our mission to provide access to safe, affordable mortgage financing,” Plutzik, the outgoing Chair of the Board, said in Fannie Mae’s announcement. “I note with pride the progress Fannie has made in all aspects of its operations since the last financial crisis and commend my fellow directors and Director Calabria for their unwavering commitment to making Fannie Mae a truly outstanding housing finance company.”  Plutzik first joined the Board after the 2008 financial crisis and has served on numerous committees, including the Risk Policy and Capital Committee, the Strategic Initiatives and Technology Committee, the Compensation Committee, and Vice-Chair of the Board before he became Chair in 2018.“Fannie Mae appreciates Jonathan’s strong leadership over the last eleven years,” Chief Executive Officer Hugh R. Frater said. “He played an integral role in our response to the Coronavirus pandemic and has helped Fannie Mae improve its risk management capabilities, its governance, and meet important milestones as we work to exit conservatorship.”Bair became a member of the Fannie Mae Board of Directors in August of 2019 and has served as a member of the Community Responsibility & Sustainability Committee, the Nominating and Corporate Governance Committee, as well as the Risk Policy and Capital Committee.“Sheila is the perfect person to lead the Board and help guide the company as we continue to transition out of government control,” Frater said. “She will help chart a course forward for the company while making sure we never forget our mission to support mortgage financing in a safe and sound manner.”Bair is currently a member of other boards, including the Board of Directors of Host Hotels & Resorts, Inc. and the Board of Directors of the Bunge Limited. She also serves as Chair Emerita of the Systemic Risk Council, a public interest group that monitors progress on the implementation of financial reforms, and on the boards of Paxos Trust Company, LLC, and its parent Kabompo Holdings, Ltd., and the Volcker Alliance. She previously served as the Chair of the Federal Deposit Insurance Corporation and has a distinguished background of leadership in higher education and government.“I am pleased and honored to be selected as Chair of this outstanding board and grateful to Jonathan Plutzik for his leadership,” Bair said. This is a pivotal time for Fannie Mae, and I look forward to working collaboratively with my colleagues in service of our ultimate client, the public.” Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Government, Headlines, News Share Save Home / Daily Dose / Meet the New Chair of Fannie Mae’s Board of Directors Previous: Habitat for Humanity to Congress: ‘Act Now for Housing’ Next: Should Consumer Protections Account More for Fintech? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago November 5, 2020 1,774 Views  Print This Post About Author: Cristin Espinosa The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Board of Directors Fannie Mae Housing Industry News Sheila Bair 2020-11-05 Cristin Espinosa Meet the New Chair of Fannie Mae’s Board of Directors Tagged with: Board of Directors Fannie Mae Housing Industry News Sheila Bair 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. Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Related Articles The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

Consumers Begin the Slow Comeback From COVID-19-Related Recession

first_img March 25, 2021 1,157 Views  Print This Post Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. About Author: Christina Hughes Babb One year ago this month the World Health Organization designated the COVID-19 outbreak a pandemic.American consumers continue to feel the negative impacts, according to the monthly Consumer Pulse study by the global information and insights company TransUnion. That is not to say all the news is bad. The company says it also observed positive signs, including finding that while 38% of respondents to the survey said their household income remains negatively impacted by the pandemic, that number is down significantly from the 53% that said the same one year prior.TransUnion says it determined that three primary U.S. consumer types have formed as a result of COVID-19: Stable, hopeful, and in limbo.Some important findings:While 5% of the population has thrived during the pandemic—reporting no income drop and better than planned finances—another 3% are devastated by reduced income and don’t think they’ll ever recover.For those whose income has been reduced, 8% are resilient saying their finances have fully recovered, and another 27% are hopeful saying their finances will recover.About 35% of consumers report their financial situation is stable.About 22% of individuals are in limbo because they’re unsure or slightly doubtful their finances will recover.Only 7% started a new job or revenue-generating activity compared to 16% of hopeful and 24% of resilient individuals.Half (51%) of those in limbo are low income (<$50,000) and 59% are women. Individuals in limbo are less likely to seek relief from bills and other federal/local accommodations.“Whether you are in limbo, hopeful, or stable, the expectation is that many consumers will soon be flexing their spending muscle,” said Charlie Wise, head of global research and consulting at TransUnion. “In addition to more people receiving vaccinations, consumers have been or soon will be buoyed by an improved employment picture, stimulus checks, income tax returns and more access to credit.”Early signs indicate the COVID-19 vaccine is having a positive impact on consumer outlook. Of those who said they’d been fully vaccinated, 77% stated they’re optimistic about the future compared to just 59% of those who had not been vaccinated.Wise added that a benefit to borrowers is that lenders are incorporating alternative data into their lending strategies."Leveraging such information can result in more trustworthy relationships between consumers and lenders, which is especially important when uncertainty has reigned over the credit landscape during much of the last year,” concluded Wise.The full report is available at TransUnion.com. The Best Markets For Residential Property Investors 2 days ago 2021-03-25 Christina Hughes Babb The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Coming of Age After a Savings and Loan Crisis Next: 10 Most-Threatened Metros Based on FHA Delinquency Rates Share Save Home / Daily Dose / Consumers Begin the Slow Comeback From COVID-19-Related Recession Consumers Begin the Slow Comeback From COVID-19-Related Recession Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

3 year-old Boy killed in Letterkeny collision

first_img Google+ Pinterest RELATED ARTICLESMORE FROM AUTHOR Facebook A 3 year old boy has been killed in a road traffic incident in Letterkenny.It is understood the child was killed in an incident involving a truck in a cul-de- sac in the Ballymcool area at 11.40am this morning.The toddler was taken to Letterkenny General Hospital where he was pronounced dead.Gardai are appealing for anyone who witnessed the incident to come forward. Twitter NPHET ‘positive’ on easing restrictions – Donnelly Previous articleBuncrana is backing Derry’s 2013 City of Culture bidNext articleDerry mann in court on petrol bomb charges News Highland Twitter WhatsApp News Google+center_img Facebook Help sought in search for missing 27 year old in Letterkenny WhatsApp By News Highland – February 16, 2010 448 new cases of Covid 19 reported today 3 year-old Boy killed in Letterkeny collision Pinterest Three factors driving Donegal housing market – Robinson Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector publishedlast_img read more

Short term measures introduced to ease Letterkenny General overcrowding

first_img By News Highland – January 13, 2014 Google+ Previous articleAstronaut Chris Hadfield talks of his delight at visiting DonegalNext articleFianna Fail confirm that they will not be supporting budget, Council to collapse for first time in its 118 year history News Highland Twitter WhatsApp Three factors driving Donegal housing market – Robinson NPHET ‘positive’ on easing restrictions – Donnelly LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton In an effort to ease overcrowding at Letterkenny General, patients from the south of the county are being diverted to Sligo General Hospital while GPs have been asked ‘treat people in the community.’This morning, the hospital had 27 people over its bed complement, many of them on trolleys, and some on chairs.The Management’s measures to ease the over-crowding were revealed to the INMO during a meeting with management this morning.Spokesperson Maura Hickey says that while they welcome the short term measures, the problem remains that Letterkenny General does not have enough staff to match demand:[podcast]http://www.highlandradio.com/wp-content/uploads/2014/01/mauraCROWD.mp3[/podcast] News WhatsApp RELATED ARTICLESMORE FROM AUTHORcenter_img Google+ Facebook Calls for maternity restrictions to be lifted at LUH Short term measures introduced to ease Letterkenny General overcrowding Pinterest Facebook Twitter Pinterest Guidelines for reopening of hospitality sector published Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more