Month: May 2021

Month: May 2021

first_img Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brian Honea Settlements with the federal government for mortgage servicing misconduct led to sharp year-over-year declines for Citigroup and Bank of America in both fourth quarter and full-year net incomes in 2014, according to Q4 2014 and year-end earnings statements for both banks released on Thursday.Burdened by legal and related expenses and repositioning charges, Citigroup reported fourth quarter 2014 net earnings that were only a fraction of what they were in the same quarter a year earlier. Citigroup reported net earnings of $350 million on $17.8 billion in revenues for Q4 2014, way down from the net earnings of $2.5 billion the bank rolled in for Q4 2013 on the same revenues, $17.8 billion. Net income per diluted share fell from $0.77 in Q4 2013 all the way down to a mere $0.06 for Q4 2014 for Citigroup.Bank of America reported relatively minor losses in the fourth quarter of 2014 with a net income of $3.1 billion on $19.0 billion in revenues compared to $3.4 billion on $21.7 billion in revenues in the same quarter of 2013.Both institutions had a rough year in 2014 on the regulatory side of things. In July, Citigroup settled with the Department of Justice for $7 billion over the sale of toxic mortgage-backed securities. A month later, Bank of America settled with the DOJ for a record $16.65 billion over similar matters. The money paid out in penalties and consumer relief in 2014 took a toll on year-end net incomes for both institutions.Citigroup’s full-year net income for 2014 was only slightly more than half of what it was for 2013 – $7.3 billion in 2014 compared to $13.7 billion for 2013. Revenues were similar, and were actually slightly higher in 2014 – $76.9 billion compared to $76.4 billion for 2013.”While the overall results for 2014 fell short of our expectations, we did make significant progress on our top priorities. During the year, we increased our market share among our target institutional clients, grew our core loan book, and improved both our net interest revenue and margin from 2013 levels,” said Michael Corbat, CEO of Citigroup. “For the first time since its establishment, Citi Holdings was profitable for the full year and we accelerated the utilization of our deferred tax assets. We strengthened our capital planning process and made Citi a safer and stronger institution, as evidenced by the increases to our capital, leverage and liquidity ratios. Although we made some difficult decisions over the course of the year, I believe they allowed us to put our franchise in a position to have a successful 2015.”Bank of America’s full-year net income was $4.8 billion for 2014, compared with $11.4 billion for 2013. Net income per diluted share fell from $0.90 in 2013 to $0.36 in 2014. Revenues for Bank of America dropped down to $85.1 billion in 2014, compared to $89.8 billion in 2013. On the positive side, the bank originated $15 billion in residential mortgage loans and home equity loans during Q4 2014, which helped approximately 41,000 homeowners purchase a home or refinance a mortgage.”In 2014, we continued to invest in our businesses while reducing expenses and resolving our most significant litigation matters,” Bank of America CEO Brian Moynihan said. “Last quarter, consumer deposits and loan originations were solid; wealth management client balances grew to $2.5 trillion; we increased lending to middle-market and large companies; and we retained a leadership position in investment banking. There’s more work and tremendous opportunity ahead as we improve on the platform we’ve built to serve our customers and clients, and we enter 2015 in good shape to manage both the opportunities and the challenges the markets and economy will offer.” Previous: Indecomm Global Services Welcomes New VP of Sales Next: Dallas Fed to Host Government Outreach Meeting on Regulatory Burdens February 4 Data Provider Black Knight to Acquire Top of Mind 2 days ago Settlements Cut Into Citigroup, Bank of America Net Earnings for Q4, Full-Year 2014 January 15, 2015 763 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Related Articles  Print This Postcenter_img Home / Daily Dose / Settlements Cut Into Citigroup, Bank of America Net Earnings for Q4, Full-Year 2014 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 Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Bank Earnings Statements Bank of America Citigroup Mortgage-Backed Securities Settlements 2015-01-15 Brian Honea Demand Propels Home Prices Upward 2 days ago Tagged with: Bank Earnings Statements Bank of America Citigroup Mortgage-Backed Securities Settlements Demand Propels Home Prices Upward 2 days agolast_img read more


Month: May 2021

first_img Five Star Single-Family Rental Summit Investments Single-Family Rentals 2016-10-05 Kendall Baer The Week Ahead: Nearing the Forbearance Exit 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 October 5, 2016 1,364 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Subscribe in Daily Dose, Featured, News Tagged with: Five Star Single-Family Rental Summit Investments Single-Family Rentals Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Recent findings from a national survey of U.S. investors by Better Homes and Gardens Real Estate recently showed that confidence and intrigue in real estate investment ranks high, with 89 percent of U.S. investors showing interest in incorporating real estate into their investment strategies.”To see consumer confidence of this magnitude is very promising,” said Sherry Chris, President and CEO, Better Homes and Gardens Real Estate “Through this research, we’ve discovered that a majority of investors, including Millennials, Gen Xers and Baby Boomers, believe real estate is the best way to diversify an investment portfolio.”Nearly all of U.S. investors surveyed who have invested in real estate believe their decision has helped them achieve some form of financial success with 52 percent anticipating greater overall financial stability, 51 percent expecting greater long-term net worth, and 45 percent expecting greater monthly cash flow. Additionally, 94 percent of those who have invested in real estate are interested in making a future investment of this kind.Broken down even further, 84 percent who have invested in real estate indicated that they will make another real estate investment and 2 in 5 plan to do so in less than a year.For Millennial investors, 96 responded saying they are interested in making a real estate investment, showing greater interest than their Boomer counterparts at 83 percent. Likewise, Millennials are more drawn to personal real estate investments at 79 percent compared to those drawn to commercial investments at 49 percent.”The aspiration to invest in real estate is there, yet it is up to real estate professionals to explain the fundamentals and help to serve as strategic sources throughout the process,” said Chris. “Our hope is that this research empowers our industry to provide the resources and develop the necessary information to accelerate this opportunity for both current and future real estate investors.”While the single-family investment and rental market continues to redefine its borders, the investment landscape offers opportunity for many in a volatile marketplace that has often been misunderstood and sometimes fragmented. Navigating this complex and dynamic terrain takes careful planning and strategic partnerships.The survey shows that 89 percent of non-real estate investors surveyed who cited concerns about jumping in on an investment property, responded saying the top reason was that they don’t know enough about investing in real estate. There is a clear need for real estate professionals and their insights as the survey shows 30 percent would be more likely to invest if they had access to a real estate investment professional for advice, or resources to explain how to get started.One way the industry is responding to this sector of the market is through the Five Star Single-Family Rental Summit. The summit provides an important conduit for SFR leaders to have the pivotal conversations that will push this industry forward. Top subject matter experts and skilled SFR practitioners will lead discussion panels and training sessions that will answer questions and offer viable solutions related to property acquisition and management, financing, strategies for small, mid-cap, and large investors, and new developments related to technology and professional services.For more information about the Single-Family Rental Summit and registration, click HERE.Editor’s Note: The Five Star Institute is the parent company for DS News and DSNews.com.center_img Home / Daily Dose / The Real Estate Investors of Today and Tomorrow Servicers Navigate the Post-Pandemic World 2 days ago Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Demand Propels Home Prices Upward 2 days ago Previous: State Spotlight: Los Angeles Attorney Reaches Settlement with US Bank Next: Fate of Swing States In 2017 Election May Come Down to Housing Market The Real Estate Investors of Today and Tomorrow The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles  Print This Post Sign up for DS News Daily About Author: Kendall Baerlast_img read more


Month: May 2021

first_img About Author: Nicole Casperson First American Mortgage Solutions Named Vendor for Fannie Mae’s Day 1 Certainty Program Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Previous: Chronos Solutions Announces New Services Next: McCabe, Weisberg & Conway Join Legal League 100 First American Mortgage Solutions, LLC, recently announced it is one of a few vendors able to offer data verification for all three components of Fannie Mae’s Desktop Underwriter (DU) validation service and Day 1 Certainty through FirstAmerican FraudGuard.Now that First American Mortgage Solutions is an authorized supplier for 4506-T tax transcript service for IRS income verification, benefits include single source for Day 1 Certainty through the DU validation service, easy access to all three verification reports through First American FraudGuard, the ability to order individually or as a suite, and faster reviews with FraudGuard analytics and combined reporting. According to President of First American Mortgage Solutions, Kevin Wall, the company’s comprehensive verification solution provides lenders with one source to get representation and warranty relief on validated loan components from Fannie Mae. “By accessing all three reports in a streamlined workflow, lenders will benefit from greater speed and efficiency, supporting their efforts to enhance the borrower experience,” Wall said. Wall continued to explain how excited the company is to assist lenders in maximizing the value of the Day 1 Certainty program, so they can deliver more loans faster with confidence. “Transforming the future of the mortgage industry requires alignment across all stakeholders and we are excited to be part of this collaboration,” said Wall. Tagged with: First American Mortgage Solutions HOUSING mortgage Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Featured, Headlinescenter_img Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] First American Mortgage Solutions HOUSING mortgage 2017-10-08 Nicole Casperson Home / Featured / First American Mortgage Solutions Named Vendor for Fannie Mae’s Day 1 Certainty Program Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily 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 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles October 8, 2017 996 Views last_img read more


Month: May 2021

first_img Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Home / Daily Dose / Home Affordability: The Tale of Two Coasts For all the ink spent keeping tabs how the lack of housing inventory affects affordability, it turns out that affordability hasn’t gone anywhere. Based on the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index, released Thursday, housing affordability remained essentially flat throughout all four quarters in 2017.According to the index, 60 percent of new and existing homes sold between the beginning of October and end of December were affordable to families earning the U.S. median income of $68,000. That’s effectively the same rate as in Q3 and compared to a year earlier.Coupled with steady affordability, the national median home price fell $5,000 to $255,000 in Q4, the report stated. Meanwhile, average mortgage rates moved from 4.1 percent to 4.06 percent.The Youngstown region and Syracuse tied as the most affordable major housing markets in the U.S. during the last quarter. In both metros, 88 percent of all new and existing homes sold in the fourth quarter were affordable to families earning the area’s median income of $54,600 and $68,000, respectively.The Cumberland region, where Maryland meets West Virginia, was the most affordable smaller market. Nearly every home sold in the fourth quarter—97—were affordable to families earning the median income of $53,900.On the flipside of affordability and the country, Los Angeles was the least affordable market. Just above 6 percent of the homes sold in Q4 were affordable to families earning the area’s median income of $113,100.NAHB Chairman Randy Noel said that while builder confidence and consumer demand remain strong, buyers will likely enter the marketplace this year.“At the same time,” he said, “builders are working hard to keep home prices affordable as they continue to grapple with persistent labor and lot shortages, burdensome regulations and rising costs for building materials. Another factor that could have a negative effect on housing affordability in the first quarter is a recent rise in mortgage interest rates.”NAHB Chief Economist Robert Dietz said that ongoing job and economic growth are boosting housing demand—as are tight inventories and rising household formations are boosting housing demand. Dietz also said the new tax laws will have a dampening effect on home prices. “While it will further boost economic activity,” he said, “the new tax law is expected to contribute to price softness in some high-cost, high-tax markets now that deductions for income and property taxes are capped at $10,000 per year.”Meanwhile, NAHB has reduced its home price forecast this year to 2.9 percent as a result of the recently enacted tax reform legislation. Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Share Save Affordability HOUSING mortgage NAHB Wells Fargo 2018-02-08 Scott Morgan February 8, 2018 1,486 Views Previous: Potestivo & Associates, Appoint Supervising Bankruptcy Attorney Next: FHFA Report: GSEs’ Total Foreclosure Prevention Actions Cross 4M Servicers Navigate the Post-Pandemic World 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago About Author: Scott Morgan Home Affordability: The Tale of Two Coasts The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Affordability HOUSING mortgage NAHB Wells Fargo Subscribelast_img read more


Month: May 2021

first_imgHome / Featured / Trulia Names New Chief Economist  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe January 18, 2019 1,123 Views The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save In a recent announcement, California-based Trulia, a home listing portal, named Issi Romem its new Chief Economist. “Finding a new home and neighborhood is no easy task especially as the real estate market continues to shift over time. With our housing research, Trulia has always strived to help people understand what trends and policy changes they need to consider during their home search,” the company statement reads.At Trulia, Romem will spearhead economic research and use Trulia’s neighborhood-level data to provide timely industry insights on both national and local housing market trends, demographic shifts and economic policies that matter most to buyers and renters.“In the coming weeks, you can expect to see more research and data analysis from Issi and the team, and we look forward to sharing his insights on the housing market,” Trulia said. The company also stated that they are extremely excited to announce the appointment of Romem.Romem is currently a fellow at the Terner Center for Housing Innovation at the University of California, Berkeley, where he also taught as an adjunct professor of economics. Before Trulia, he served as the Chief Economist at BuildZoom for more than four years, leading research around metropolitan growth patterns, housing and construction trends. His work has been featured in publications such as The New York Times, The Wall Street Journal, and Bloomberg News, among others.He earned his Master of Arts in Economics from the Hebrew University of Jerusalem, graduating Magna Cum Laude, as well as a Ph.D. in Economics from the University of California, Berkeley. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago 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] center_img in Featured, Headlines, Journal Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: BuildZoom Issi Romem Trulia BuildZoom Issi Romem Trulia 2019-01-18 Donna Joseph About Author: Donna Joseph Previous: Sagent Lending Technologies Announces Appointment of Matthew Tully Next: Due Diligence and Florida Procedural Requirements Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Trulia Names New Chief Economist Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more


Month: May 2021

first_img The Week Ahead: Nearing the Forbearance Exit 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, News Data Provider Black Knight to Acquire Top of Mind 2 days ago The Consumer Financial Protection Bureau recently issued an Advance Notice of Proposed Rulemaking (ANPR) seeking information relating to the expiration of the temporary qualified mortgage provision applicable to certain mortgage loans eligible for purchase or guarantee by Fannie Mae and Freddie Mac, in the Bureau’s Ability to Repay/Qualified Mortgage (ATR/QM) Rule also known as the GSE patch. The Patch is scheduled to expire no later than Jan. 10, 2021. The CFPB is soliciting comments on possible amendments to the Patch through the ANPR, including whether to revise Regulation Z’s definition of a qualified mortgage in light of the Patch’s scheduled expiration. The ANPR seeks information and comment on whether the definition of qualified mortgage should retain a direct measure of a consumer’s personal finances (for example, debt-to-income ratio), and whether the definition should include an alternative method for assessing financial capacity.  “Loans backed by Fannie Mae and Freddie Mac make up a large portion of the U.S. mortgage market,” said CFPB Director Kathleen L. Kraninger. “The national mortgage market readjusting away from the Patch can facilitate a more transparent, level playing field that ultimately benefits consumers through stronger consumer protection. We want to hear all perspectives on how to move beyond the GSE Patch, the impact on credit, the role of the private mortgage market, and possible modifications to the definition of qualified mortgages and the rules governing the documentation of debt and income. The Bureau is committed to ensuring a smooth and orderly mortgage market throughout its consideration of these issues and any resulting transition away from the GSE Patch.”Earlier this year, the CFPB announced that it would be focusing its attention on the Patch, on loans that are eligible to be purchased or guaranteed by either Fannie Mae or Freddie Mac. While proponents of the QM Patch say that its expiry in 2021 would make homes less affordable, especially in the lower-tier housing market, an article in Forbes points out that if the Trump administration wants to improve housing affordability, “it needs to expand the role of private markets through increased competition.”Writing for Forbes, Norbert Michael, Director of the Center for Data Analysis at The Heritage Foundation, said in the report that the CFPB should announce that the patch will expire at its scheduled time in 2021. “Then, the Bureau can start working on improving the QM and Appendix Q, rules that are likely holding back private lenders,” Michael wrote.  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn CFPB Seeking Comments on the GSE Patch Related Articles Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago 2019-07-26 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago July 26, 2019 1,225 Views Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe Home / Daily Dose / CFPB Seeking Comments on the GSE Patch Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: GDP Exceeds Expectations Next: Liquidity’s Impact on Default Rates Sign up for DS News Daily Share Savelast_img read more


Month: May 2021

first_imgHome / Daily Dose / HUD’s Plan for Mitigating Disasters Data Provider Black Knight to Acquire Top of Mind 2 days ago HUD’s Plan for Mitigating Disasters About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago August 2, 2019 1,279 Views  Print This Post Share Save in Daily Dose, Featured, Market Studies, News The Department of Housing and Urban Development (HUD) has announced that it will be publishing a Federal Register notice that releases disaster mitigation funds in two tranches to areas impacted by recent storms. One tranche will include funds for Texas, Louisiana, Florida, North Carolina, South Carolina, West Virginia, California, Missouri, and Georgia; and the second tranche will include funds for Puerto Rico and the U.S. Virgin Islands.The Community Development Block Grant Disaster Recovery (CDBG-DR) mitigation aspect is “new to HUD,” according to HUD Principal Deputy Assistant Secretary for Community Planning and Development David Woll. Woll states that the notice is the “rules for the road” for around $16 billion in funding.“This is the first time that money has been specifically allocated for mitigation projects,” Woll continued. “It’s really focused on future events, making sure that states are planning for future disasters.”“Typically, money is allocated to us for unmet needs, for folks who do not have insurance, for example, and cannot get their homes rebuilt” said Woll in a press call.“Recovery efforts in jurisdictions prepared to do their part should not be held back due to alleged corruption, fiscal irregularities and financial mismanagement occurring in Puerto Rico and capacity issues in the U.S. Virgin Islands, which is why HUD will award disaster mitigation funds in two separate tranches,” said HUD Secretary Ben Carson. “Untangling these funds from each other will help recovery and planning move forward in communities capable of properly and prudently disbursing funds, all the while protecting taxpayers who are footing the bill.”The plan has received support from North Carolina Senators Richard Burr and Thom Tillis, South Carolina Senator Lindsey Graham, and Texas Governor Greg Abbott.“I want to thank Secretary Carson and the United States Department of Housing and Urban Development for their ongoing efforts to ensure Texas receives the money it needs to recover from one of the worst natural disasters in our state’s history,” said Governor Abbott. “Texas continues to rebuild the affected regions in a way that will make our state more resilient to future storms. I look forward to our continued partnership with the federal government to protect our communities and keep Texans safe in the event of natural disasters.” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 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 Week Ahead: Nearing the Forbearance Exit 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 Servicers Navigate the Post-Pandemic World 2 days ago Previous: The Week Ahead: Spotlight on Home Equity Next: Finicity Integrates With Ellie Mae Encompass Digital Lending Platform Carolina Disaster HUD Hurricane Texas 2019-08-02 Seth Welborn Demand Propels Home Prices Upward 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Carolina Disaster HUD Hurricane Texas Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Subscribelast_img read more


Month: May 2021

first_img Tagged with: COVID-19 Daryl Fairweather Nisa Sheikh pandemic Redfin Servicers Navigate the Post-Pandemic World 2 days ago Previous: Strategic Opportunity Zone Investment Next: HUD Allocates $5B to Create Affordable Housing Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago COVID-19 Daryl Fairweather Nisa Sheikh pandemic Redfin 2021-04-08 Eric C. Peck Share 2Save Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com.  Print This Post Related Articles About Author: Eric C. Peck 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 agocenter_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Journal, News April 8, 2021 1,447 Views Home / Daily Dose / Remote Workers Push for Second Homes The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Despite the nationwide rollout of COVID-19 vaccinations and a return to life as once was normal, pandemic-driven demand for second homes is soaring, as many remote workers are opting to spend at least part of their time in vacation destinations, even as some companies are planning for workers to return to the office. According to Redfin, the number of home buyers who locked in mortgage rates for second homes shot up a record 128% year-over-year in March, marking the 10th consecutive month of 80%-plus annual growth.When compared to the start of the pandemic in the U.S., the annual rise in the demand for second homes is nearly quadruple the 34% year-over-year gain for primary homes.”This recession has driven wealthy and low-income Americans further and further apart, and the soaring demand for vacation homes during the pandemic is a perfect example of their unequal financial footing, with some people buying second homes and others unable to buy their first,” said Redfin Chief Economist Daryl Fairweather. “Home prices just keep going up. That’s a good thing for Americans who already own one home because they can take advantage of their increased equity to buy other assets, which in some cases includes another home. But it’s bad for lower- and middle-class families, particularly those who are renters, because the barrier to homeownership is getting higher and higher.”Interest in vacation homes is on the rise as uneven financial recovery is taking place throughout the U.S.“Wealthy Americans are likely to have held onto their jobs—many with the freedom to work remotely—and they’re earning money through a robust stock market and rising real-estate values,” said the report. “But people in lower income brackets are more likely to work in industries like restaurants, retail and hospitality that are still far from recovered.”Home prices in seasonal towns, where second homes are often located, are up more than prices in non-seasonal towns. The median sale price for homes in seasonal towns rose 19% year over year in February—the most recent month for which data is available—to $417,000, the eighth straight month of 10%-plus year-over-year growth.For homes in non-seasonal towns, the median sale price rose 16% to $370,000. For this analysis, a seasonal town is defined as an area where more than 30% of housing is used for seasonal or recreational purposes.A recent Redfin analysis found that the vacation towns and suburbs heating up the most include El Dorado County, Calif.—an area that spans from the eastern outskirts of Sacramento to the southern part of Lake Tahoe; Santa Cruz County, Calif.—an area in close proximity to both Silicon Valley and San Francisco; Deschutes County, Ore.—home to Bend, Ore.; and Barnstable County, Mass.—home to Cape Cod.”The Palm Springs housing market is incredibly busy, with an influx of vacation-home buyers from Los Angeles and San Francisco,” said Redfin Agent Nisa Sheikh. “Many of them are tech workers who can do their jobs remotely, and they enjoy the weather and lifestyle here in the desert. People don’t want to vacation in a hotel room right now, and many of my buyers are planning to turn their second homes into Airbnb rentals and earn some extra income when they’re not in town.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Remote Workers Push for Second Homes Subscribelast_img read more


Month: May 2021

first_img The HSE is moving to improve facilities for terminally ill people in Donegal, with an initiative to ensure there are dedicated palliative care beds in all district hospitals in the county.The ‘Closer to Home’, initiative is led by nurses, and is intended to allow people too ill to travel to Letterkenny or another centre receive treatment in their own area.The HSE says the service has always been provided on an ad-hoc basis, but it is now being put on a formal footing, with at least two dedicated beds in each district hospital.Helen Mc Mahon is the Nurse manager co-ordinating the service………[podcast]http://www.highlandradio.com/wp-content/uploads/2011/09/helen1pm.mp3[/podcast] NPHET ‘positive’ on easing restrictions – Donnelly By News Highland – September 15, 2011 WhatsApp Google+ Calls for maternity restrictions to be lifted at LUH Previous articleWork to resume on new Medical Block at Letterkenny GeneralNext articleLTC to address problems at dangerous Pearse Road junction News Highland WhatsApp Twitter Google+ Twitter Facebookcenter_img Help sought in search for missing 27 year old in Letterkenny Pinterest RELATED ARTICLESMORE FROM AUTHOR Newsx Adverts HSE moves to improve services for terminally ill patients in Donegal 448 new cases of Covid 19 reported today Facebook Pinterest Three factors driving Donegal housing market – Robinson Guidelines for reopening of hospitality sector publishedlast_img read more


Month: May 2021

first_img Pinterest Hundreds of extra student places confirmed for Magee Campus WhatsApp Facebook Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector published Twitter WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Three factors driving Donegal housing market – Robinson LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton center_img RELATED ARTICLESMORE FROM AUTHOR Pinterest Google+ By News Highland – November 12, 2012 NPHET ‘positive’ on easing restrictions – Donnelly News Google+ Previous articlePublic consultation workshop to discuss future of Donegal policingNext articleThree council projects commended at Excellence Awards News Highland Twitter It has been confirmed this morning that The Magee Campus of the University of Ulster is in line to get hundreds of extra student places.Britain’s Minister for Employment and Learning, Stephen Farry, said the greater share of the extra places allocated to the University of Ulster will go to the Derry campus.They will be in the STEM subjects of science, technology, engineering and maths but a precise figure at the moment.SDLP Foyle MP Mark Durkan has welcomed the news, but questions why some new places will go to Belfast even though Queen’s never even asked for them while Derry sought a thousand:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/11/markd1pmMAGEE.mp3[/podcast]last_img read more


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