Fannie Mae, Freddie Mac Bring Foreclosure Prevention Total to 3.56 Million

first_img 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles in Daily Dose, Featured, News, Secondary Market Fannie Mae, Freddie Mac Bring Foreclosure Prevention Total to 3.56 Million Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago About Author: Brian Honea Previous: Distressed Sales Move Closer to ‘Normal’ Levels Next: Ask the Economist: Rise in Employment, Millennial Demand Will Bring Housing Up in 2016 Subscribe Fannie Mae FHFA Foreclosure Prevention Freddie Mac 2015-10-08 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago October 8, 2015 1,381 Views center_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Share Save Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Fannie Mae, Freddie Mac Bring Foreclosure Prevention Total to 3.56 Million Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Fannie Mae and Freddie Mac completed another 19,485 foreclosure prevention actions in July, according to the FHFA’s July 2015 Foreclosure Prevention Report released Thursday.The total of foreclosure prevention actions completed by the GSEs in July was more than double the number of foreclosure sales executed during the month (9,316), according to FHFA.With July’s total of nearly 20,000 foreclosure prevention actions, the Enterprises have now completed 3.56 million such actions since the start of the conservatorship in September 2008, according to FHFA. More than half of those 3.56 million foreclosure prevention actions (1.84 million) have been permanent loan modifications. There were 12,237 permanent loan mods completed in July, about 63 percent of the foreclosure prevention actions.Improved house prices and a declining HAMP-eligible population resulted in a decline in modifications with extend-term only down to 48 percent in July. Meanwhile, the share of modifications with principal forbearance dropped to 18 percent.About 1,000 fewer foreclosure prevention actions were completed in July than in June (20,435 compared to 19,485). According to FHFA, 3,122 of the foreclosure prevention actions in July were home forfeiture actions (short sales and deeds-in-lieu of foreclosure). While the number of overall foreclosure preventions declined month-over-month, the number of home forfeiture actions within that category slightly increased (from 3,094 in June to 3,122 in July).The serious delinquency rate on mortgages backed by Fannie Mae and Freddie Mac declined by another four basis points from June to July, from 1.61 percent down to 1.57 percent. The number of foreclosure starts on GSE-backed mortgages declined substantially by 13 percent, from 22,303 down to 19.481.Click here to view the FHFA’s full report. Tagged with: Fannie Mae FHFA Foreclosure Prevention Freddie Maclast_img read more

Wells Fargo Bolsters National Mortgage Servicing Association Representation

first_img About Author: Brianna Gilpin Home / Daily Dose / Wells Fargo Bolsters National Mortgage Servicing Association Representation The Best Markets For Residential Property Investors 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 ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Related Articles Previous: One for the Record Books Next: How Many Borrowers Can’t Afford Their Mortgage? Servicers Navigate the Post-Pandemic World 2 days ago Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Wells Fargo Bolsters National Mortgage Servicing Association Representation  Print This Post 2017-07-18 Brianna Gilpin Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The National Mortgage Servicing Association (NMSA) announced that Wells Fargo Home Mortgage (WFHM) SVP and Head of Servicing Change Delivery Gui Kahl has joined the organization. Kahl succeeds J.K. Huey, who retired in May, as one of two representatives from Wells Fargo.“We are proud to welcome Gui Kahl to the National Mortgage Servicing Association,” Ed Delgado, President and CEO of the Five Star Institute said. “The level of leadership and expertise that he brings will serve the important work of the organization in the years to come.”Kahl, who holds Master of Business Administration from Pepperdine University in Malibu, California, master’s degree in Consumer Banking from the Consumer Banking Association, and a bachelor’s degree in Marketing and Transportation Logistics from The Ohio State University in Columbus, Ohio, has a long history in banking.Before his return to Wells Fargo in 2016, Kahl was the global head of process e-engineering and management at American International Group (AIG). Previously, he spent seven years in Wells Fargo’s Expense Management group leading the Global Solutions Strategy and Governance team. Prior to this, Kahl was with Bank of America building and growing the company’s global delivery capabilities for three years.Throughout his career, Kahl has also had experience in the computer, aerospace, and oil industries holding leadership roles in marketing, operations, vendor management, and product development. Now, he oversees and is responsible for a number of things in WFHM Servicing, including all change delivery activities across the servicing organization and business transformation through the optimization of people, process, and technology.With a membership comprising more than 80 percent of the mortgage servicing market, the NMSA is a nonpartisan organization driven by top-level executive representation from the nation’s leading mortgage servicing organizations for the purpose of effecting progress and change on the key challenges that face the mortgage servicing industry. By bringing together decision making executives from across the nation, the NMSA drives the conversation on shaping the American housing industry for the benefit of homeowners.“I’m honored for the opportunity to work with the leaders of our nation’s leading mortgage servicing organizations to effect progress and change on the key challenges that face the mortgage servicing industry,” Kahl said. “Together, we look forward to improved and sustained homeownership by helping our industry become more efficient and effective.” Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago July 18, 2017 1,212 Views Share Save in Daily Dose, Featured, Government, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more

HUD Secretary to Work on Big Banks’ Lending Practices

first_img Demand Propels Home Prices Upward 2 days ago Share Save Tagged with: Borrowers HOUSING HUD Lending mortgage Sign up for DS News Daily About Author: Nicole Casperson Secretary of the U.S. Department of Housing and Urban Development (HUD) Ben Carson said in a speech on Monday that he promises to help big banks get more comfortable about financing lower-income borrowers, without fear of being penalized from mortgage lending errors, according to an article by Bloomberg.“Innocent errors should not create chaos and fear and make people less likely to get involved in the first place,” Secretary Carson said in a speech at a MBA conference in Denver, Colorado.Secretary Carson’s focus on lending practices comes from HUD’s Federal Housing Administration (FHA) and Justice Department having to shell out billions of dollars in fines and legal settlements resulting from the financial crisis.DS News previously reported that the big banks may have become far less competitive in the overall mortgage market, with some of the largest banks, including JPMorgan Chase & Co. and Bank of America, pulling back on lending through government programs to stay clear from getting sued by the federal government.In addition, while these big banks also continue to bear the brunt of mistakes in underwriting and, as a result, protect themselves by charging slightly more for home loans to avoid risky lending—they are leaving lower-income borrowers with higher costs and fewer financing options.According to Bloomberg, Secretary Carson’s comments come as the Trump Administration “attempt to curb rules and regulations they see as constraining businesses.”Meanwhile, the U.S. Treasury Department released its first report recommendation for the banking industry in June 2017 and has been releasing a series of regulatory recommendations since—but the banking sector could be expecting more changes soon with Secretary Carson’s focus on the matter.In the end, the article reports that ultimately Secretary Carson’s goal is the FHA and Justice Department working to revise the rules so lenders can practice without fear of being overly punished for inconsequential errors.View the full Bloomberg article by clicking here. Borrowers HOUSING HUD Lending mortgage 2017-10-23 Nicole Casperson Home / Daily Dose / HUD Secretary to Work on Big Banks’ Lending Practices Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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] HUD Secretary to Work on Big Banks’ Lending Practicescenter_img 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 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago October 23, 2017 1,148 Views Previous: Housing and Economic Activity: National Update Next: Treasury Disputes Arbitration Rule’s Costs, Benefits Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post in Daily Dose, Featured, Headlines Subscribelast_img read more

How Homebuying Millennials Must Adapt

first_img Servicers Navigate the Post-Pandemic World 2 days ago By Scott MorganAccording to a new survey by Realtor.com, millennial buyers are, more than older buyers, having to adjust what they’re looking for in a home.The report states that crushing student debt and smaller down payments are combining to leave millennials especially vulnerable to an already challenging market. About 80 percent of respondents to the survey told Realtor.com that rising interest rates and home prices are causing them to look for smaller or less expensive homes, or even to search in a different neighborhood to compensate. For millennials, the percentages rise past 92.”Existing debt and lower down payments,” said Danielle Hale, Chief Economist for Realtor.com, “won’t prevent millennials from finding and buying homes, but most will have to adapt to these challenging market conditions by adjusting their home search.”According to the survey, rising rates have a greater effect on millennials than on buyers 55 years or older. Thirty-seven percent of millennials said that they have to look for a less expensive home, compared to 24 percent of buyers 55 and older. Thirty-five percent of millennials have to look in a different neighborhood, compared to 18 percent of those 55-plus, and 33 percent of millennials have to look for a smaller home, compared to 23 percent of boomers.Millennial buyers are also more likely to report carrying each of the major categories of debt, according to the survey. Two-thirds to three-quarters of millennial responders said they had all the major kinds of debt to pay down—credit cards, car loans, personal loans, mortgage debt, home equity loans, and student loans. Above age 55, those numbers fall dramatically, to as low as 11 percent, depending on the type of debt.Compounding all this, Realtor.com reported, is the fact that millennials put the least amount down on a home. A third said they would only put down 10 percent, while only 17 percent of millennials said they would put down the standard 20 percent.On the other side of this equation, the survey found that one in four millennials are putting down more than 20 percent. That compares to one in three buyers over 55.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. April 6, 2018 2,548 Views About Author: Scott Morgan Demand Propels Home Prices Upward 2 days ago How Homebuying Millennials Must Adapt The Best Markets For Residential Property Investors 2 days ago Share Save Previous: As Jobs Grow, Home Listing Prices Follow Next: Major Metros Still Exhibiting Pockets of Affordability 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. in Daily Dose, Featured, Journal, Market Studies, News Subscribe  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Home / Daily Dose / How Homebuying Millennials Must Adapt The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Affordability Baby Boomers Home Prices Homebuyers Millennial Homebuyers Millennials Demand Propels Home Prices Upward 2 days ago Affordability Baby Boomers Home Prices Homebuyers Millennial Homebuyers Millennials 2018-04-06 David Wharton Servicers Navigate the Post-Pandemic World 2 days ago 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 agolast_img read more

Evolving Foreclosure Litigation Strategy

first_img Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily The Florida courts have recently clarified that, where a complaint is dismissed without prejudice and the dismissal does not operate as an adjudication on the merits, plaintiff may not have to send a new breach letter prior to instituting a subsequent action to foreclose the mortgage.Foreclosure can be a complex legal area because of the nuance involved in the practice. Strategic decisions need to be made to minimize cost and exposure. A great counselor steps in the shoes of the opposing attorney, analyzing the case from both sides and always staying a chess move ahead. Such strategies can be simple as proactively seeking additional relief in orders, how you conduct motion practice, or dropping certain parties that will delay the cases if deficiency is not an option.The case law surrounding how a plaintiff can limit its exposure to attorney’s fees liability is growing. Decisions about whether to voluntarily dismiss a claim or ask that it be dismissed without prejudice can be important. In HSBC Bank USA v. Leone, 2019 Fla. App. LEXIS 6753, 2019 WL 1967650, No. 2D17-2851 (Fla. 2d DCA May 3, 2019), plaintiff appealed an involuntary dismissal of its foreclosure case. Plaintiff had filed a second foreclosure case after the first was dismissed without prejudice. The trial court dismissed the claim on the basis that no new notice of default was sent. The trial court found that a “new default notice was required to be mailed prior to filing the second foreclosure action.” The court’s order was appealed and the appellate court reversed.The Second District Court of Appeal provided that the issue was one of contract interpretation, specifically, one must look to the plain meaning of the mortgage. Analyzing paragraph twenty-two (22) of the standard form mortgage, the court looked to the phrase “on or before the date specified in the notice.” The court discounted the position that cases questioning the application of the statute of limitations would require that a second notice be sent.Where a foreclosure case had been dismissed without prejudice and a subsequent complaint to enforce the note and foreclose the mortgage has been filed, there is no need to send a new breach letter prior to filing if the default was never cured. However, in the event that the dismissal was with prejudice, a new notice may be required. Case Law Florida Foreclosure 2019-06-06 Seth Welborn June 6, 2019 10,384 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago in Commentary, Daily Dose, Featured, Foreclosure, News Related Articles Van Ness Attorneys aka Van Ness Law Firm is a South Florida law firm located in Deerfield Beach and Miami with its roots representing the loan servicing industry handling Foreclosures, creditor-side bankruptcy, eviction and litigation. Anthony Van Ness Van Ness sits on the Legal League 100 Advisory Board and the law firm is also a certified minority owned business. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Evolving Foreclosure Litigation Strategy Share Save 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 The Best Markets For Residential Property Investors 2 days ago Previous: Partnership Announced Between Two Tech Companies Next: Fannie Mae Survey Reports Near-Record High in Purchase Sentiment Subscribe Demand Propels Home Prices Upward 2 days ago Tagged with: Case Law Florida Foreclosure About Author: Van Ness Attorneys  Print This Post Home / Commentary / Evolving Foreclosure Litigation Strategylast_img read more

Americans are Investing Real Estate

first_imgHome / Daily Dose / Americans are Investing Real Estate in Daily Dose, Featured, Investment, News Share Save  Print This Post Investment real estate Stocks 2019-07-18 Seth Welborn Related Articles Americans are Investing Real Estate Demand Propels Home Prices Upward 2 days ago Previous: Reforming Fannie and Freddie Next: NFIP Has Paid over $1B in Florida since Irma Servicers Navigate the Post-Pandemic World 2 days ago About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Investment real estate Stockscenter_img Demand Propels Home Prices Upward 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. July 18, 2019 1,517 Views According to a survey from Bankrate, Americans are setting their sights on real estate instead of stocks as a long-term investment. Bankrate surveyed 1,015 people nationwide from June 25 to June 30, 2019, and found that 31% of respondents would invest money they didn’t need for more than ten years in real estate, while 20% would invest in stocks. Bankrate states that this is the “best showing” for real estate in seven years. Millennials were among the most likely to invest in real estate, with 36% of millennials stating that they would turn to real estate for a long term investment, compared to 30% of baby boomers, 31% of Generation X, or 23% of the Silent Generation.“Millennials are higher on real estate than any other age group, have cooled a bit on cash, and still aren’t keen on the stock market when investing for more than ten years,” Greg McBride, Bankrate’s chief financial analyst, said in a statement.The preference for real estate is virtually identical in all four income categories surveyed by Bankrate. Bankrate’s survey reveals that between 32 and 34% of the time it was the top investment choice for those who reported earning more than $75,000 per year; between $50,000 and $75,000; between $30,000 and $50,000; as well as less than $30,000.Earlier this year, Gallup released a poll which revealed that 35% of Americans believe real estate to be the superior long-term financial investment, compared to 27% who say stocks are the better investment. Stock ownership has not quite reached pre-recession levels, and previous Gallup analysis showed that stock ownership has declined among most major U.S. subgroups since before the recession, with the exception of upper-income and older Americans. Gallup notes that their poll was conducted April 1-9, in the midst of a bull stock market and that with home values higher than they were before the recession, noting the likely returns. The Week Ahead: Nearing the Forbearance Exit 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 The Best Markets For Residential Property Investors 2 days ago 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 Subscribelast_img read more

Leveraging Machine Learning for Better Default Decisions

first_img A.I. default Macine Learning Technology 2020-04-20 Seth Welborn Home / Daily Dose / Leveraging Machine Learning for Better Default Decisions Leveraging Machine Learning for Better Default Decisions Share Save The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News, Print Features, Technology Previous: DS5: What Servicers Want to Know Next: FHFA Addresses Mortgage Servicer Liquidity Concerns About Author: Miriam Moore Subscribe  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img 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 April 20, 2020 1,567 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Editor’s note: This feature originally appeared in the April issue of DS News.Hardly a week goes by without another report on how machine learning and AI will transform the way we work and live. AI’s ability to digest huge amounts of data, identify patterns, and predict likely outcomes make them critical components in many areas including self-driving vehicles, breakthrough diagnostic tools, and personal recommendation engines. Not surprisingly, the mortgage industry is now turning to these advanced technologies to enhance the speed and precision of everyday decision-making.Fannie Mae recently reported that 27% of lenders are currently using AI in some form and another 58% expect to use it shortly. To date, early-stage AI/machine learning efforts have primarily focused on enhancing origination, fraud/risk identification, and customer retention. But there are critical servicing functions that can benefit, as well, including the default life cycle and critical disposition paths.Most industry observers agree—and a study by Fannie Mae supports—that the best way to reduce default losses is to avoid taking properties through conveyance or REO and instead dispose of them through other means as quickly as possible. However, this isn’t always possible as evidenced by the number of properties that continue to convey or move to REO. According to ATTOM Data Solutions, more than 143,900 properties went into REO in 2019, a number that could grow exponentially in a default market.When a property goes into default, the servicer’s challenge is always, “What can be done to minimize losses?” This means determining the optimal disposition strategy for a property or a portfolio. For example: what are the best alternatives to taking the property through conveyance or REO? Is the Claims Without Conveyance of Title (CWCOT) route the best one, and what would have to be done prior to conveyance? Can or should it be sold in an online auction? Does it make sense for the servicer to hold the property, invest in repairs, and develop a marketing plan to list it?Currently, servicers and their service providers are using limited historical information, time-consuming spreadsheets, and best practices to make these decisions. But what if machine learning and AI could provide faster, better answers?The Machine “Learning Process”That was the challenge we gave our data scientists and technologists two years ago when we set out to build a revolutionary asset-decisioning tool that complements servicers’ core operating systems and processes and provides a new opportunity for automation. The starting points were deciding how many models would be needed to produce the inputs behind the recommendations and what were the best data sources to “train” them.Ultimately, technologists developed the models to solve complex problems that are critical inputs in the disposition decision process. The way machine learning works is that the models are fed massive amounts of data and taught to identify patterns so that they are able to predict certain outcomes.In this case, the models were “trained” on historical operational data from our field services and title companies. In addition, leading property, neighborhood, and real estate databases were integrated into the training process.Several of the models are designed to predict how a specific property will fare at third-party auction sale. One model gives a “yes or no” answer as to whether the property will sell at an online auction. Another looks at property and neighborhood characteristics and forecasts the timeline to sell, at a given price, in the CWCOT Second Chance program. What’s the probability, for example, that this property in one particular ZIP code will sell online for Y dollars in one versus three weeks versus four? This model allows banks to understand timelines to sell at different price points and helps them develop more informed disposition and contribution strategies.The next questions that the models answer are about the physical and title condition of the property. The remaining models predict and price for the problems that the servicer might eventually encounter and potentially have to remediate. They can be used with current title and field services information or simple basic data and property characteristics from the loan boarding process. For example, without an inspection, the models can forecast, in some cases with more than 90% accuracy, the likelihood a specific property will have certain outlier issues. These include mold, water damage, hazardous conditions, roof, or demolition issues. They then show the cost for repairs, ranging from minimum cost to maximum and provide a forecast and project timeline for conveyance back to HUD under CWCOT.As new properties are run through the platform, the models, thanks to machine learning, will continue to improve and its recommendations will become even more accurate. In the end, the ultimate decisions will always rest with the servicer, not a machine, but these tools will aid in making better and informed decisions more quickly. Tagged with: A.I. default Macine Learning Technology Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Miriam Moore is the Division President of Default Services for ServiceLink. In this role, she is responsible for the overall management and performance of the Loss Mitigation Title, Pre-Foreclosure Title, REO Title & Close, ServiceLink Auction, ASAP, Process Solutions, and Field Services groups, as well as the expansion of default products and services to meet servicers’ strategic needs. last_img read more

9.9 Million Americans May Miss Housing Payments

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, News Demand Propels Home Prices Upward 1 day ago Servicers Navigate the Post-Pandemic World 1 day ago Demand Propels Home Prices Upward 1 day ago Related Articles Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save About Author: Christina Hughes Babb Home / Daily Dose / 9.9 Million Americans May Miss Housing Payments 2020-11-02 Christina Hughes Babb  Print This Post “There’s real, there’s real harm done, to individual people, to families, to kids to communities, and really to our whole country, when we allow homelessness and housing poverty to persist,” she told CNN, which used the survey data as a catalyst for providing a list of resources for anyone facing housing-related struggles (as part of its national disaster-related coverage “Impact The World”).center_img Data Provider Black Knight to Acquire Top of Mind 1 day ago On the cusp of November, the United States Census Household Pulse Survey, which deploys real-time data on a range of ways in which people’s lives have been impacted by the COVID-19 pandemic, showed some 9.9 million Americans had little to no confidence that their household would be able to afford next month’s mortgage or rent payment.The Census’ survey breaks down COVID-related struggles by “expected employment loss,” “food scarcity,” housing insecurity,” “likelihood of foreclosure or eviction,” household expenses, and more. And it breaks down the data by state. So, for example, a glance at the most recent numbers show that likelihood of eviction and foreclosures are highest in the following regions: District of Columbia, Indiana, Florida, Iowa, Texas, Wyoming, Massachusetts, New Mexico, North Dakota, and Arizona.As for unpaid mortgages and rent, the states with the highest numbers are: Mississippi, Louisiana, Rhode Island, South Carolina, Tennessee, Georgia, Arkansas, Connecticut, Missouri, and West Virginia.The study also shows that homeowners in certain states—Mississippi, Louisiana, and Nevada, to name the top three—are having more trouble than others keeping up with household expenses beyond the mortgage or rent payment.The purpose of the census study is to inform federal and state response and recovery planning. It is informing policymakers, journalists, and thereby the public as well, in a way that might lead to some measure of solution.Housing advocates say that in order to understand the looming eviction crisis our country is facing, we must examine the state of the housing market before COVID-19 emerged.Diane Yentel, President and CEO of the National Low-Income Housing Coalition (NLIHC) told CNN we were “in the midst of a severe affordable housing crisis.”The NLIHC Reports a shortage of 7 million affordable rental homes available to low-income renters. Yental explained that people struggling to pay for housing, or who have been evicted, suffer health wise. The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 1 day ago Servicers Navigate the Post-Pandemic World 1 day ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 9.9 Million Americans May Miss Housing Payments November 2, 2020 14,659 Views Previous: Zeta Intensifies ‘Record-Breaking’ Hurricane Season Next: The Election and Housing: What You Need to Know 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. Subscribelast_img read more

Town Councils facing downgrading threat – Crossan

first_img Google+ Pinterest Twitter RELATED ARTICLESMORE FROM AUTHOR A Buncrana Councillor claims that a proposal to take responsibility for housing away from town councils would represent an erosion of local democracy.Housing Minister Michael Finneran says there are 88 housing authorities across the country at the moment, and that is unnecessary. He wants to see a smaller network of regional authorities, which he claims would be more effective and save money.Meanwhile, Environment Minister John Gormley has ordered a study into the feasibility of a single national Water Authority.However, Cllr Nicholas Crossan says local authorities are best placed to make the right decisions……[podcast]http://www.highlandradio.com/wp-content/uploads/2011/01/ncros830.mp3[/podcast] Help sought in search for missing 27 year old in Letterkenny Google+ Newsx Adverts Town Councils facing downgrading threat – Crossan Previous articleDevelopment officer says next three years present huge tourism potentialNext articleDetention time extended for two men after suspicious Derry death News Highland Calls for maternity restrictions to be lifted at LUH Facebookcenter_img WhatsApp Pinterest Facebook Three factors driving Donegal housing market – Robinson 448 new cases of Covid 19 reported today NPHET ‘positive’ on easing restrictions – Donnelly Twitter By News Highland – January 13, 2011 WhatsApp Guidelines for reopening of hospitality sector publishedlast_img read more

Woman critical after being struck by car in Barnesmore Gap area

first_img Facebook Three factors driving Donegal housing market – Robinson Previous articleCo Derry man’s Massareene murder conviction quashedNext articleGardai follow number lines of enquiry into robbery at OAP’s home in Pettigo News Highland RELATED ARTICLESMORE FROM AUTHOR Pinterest WhatsApp Twitter LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Almost 10,000 appointments cancelled in Saolta Hospital Group this week Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Pinterest Newscenter_img By News Highland – January 15, 2013 Google+ Twitter Woman critical after being struck by car in Barnesmore Gap area WhatsApp Facebook Google+ Guidelines for reopening of hospitality sector published A female pedestrian is said to be in a “critical condition” after she was struck by a car this morning.The woman is believed to have been walking along the road in the Barnesmore Gap this morning when she was hit by a vehicle at approximately 8am.Gardai in Donegal Town have stated that the road is open to traffic, but investigations are ongoing. Calls for maternity restrictions to be lifted at LUH last_img read more