Yellen States Fed Rates to Increase

first_img Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Servicer Match-Up: A Comparison of MSR Values Next: Breaking Down Stereotypes Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Janet Yellen,Chair of the Board of GovernorsFederal Reserve SystemIn her last public remarks before the Federal Reserve’s March 14 -15 meeting, Federal Reserve Chair Janet Yellen announced plans to increase the federal fund rate.”We currently judge that it will be appropriate to gradually increase the federal funds rate if the economic data continue to come in about as we expect,” she said at a speech in Chicago, according to prepared remarks that can be found at Business Insider.Whether these increases will come at the March meeting or later in the year remains to be seen, however, Credit Suisse finds it probable, according to a Yahoo! Finance report, James Sweeney, managing director of Credit Suisse said on Friday:“In response to these developments the market implied probability of a March hike has risen from 25 percent on February 1st to over 75 percent now. This market action could be self-fulfilling, because it undercuts claims that the Fed needs to use a meeting to ‘prepare the market’ for an upcoming hike.”Still, not all economists predict a hike after March 15. Chief Economist at Stifel Fixed Income, Lindsey Piegza, Ph.D. discussed the warnings from the Federal Reserve and the possibility of expectations not being met.”…the market has been disappointed before after buying into individual Fed members’ comments,” said Dr. Piegza. “Furthermore, unless the Committee opts to abandon their data-dependent stance in exchange for one of fiscal policy anticipation, the Fed will likely continue to exercise patience, pulling the rug out from under the market’s certain expectation of a third rate hike come the 15th.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Tagged with: Fed Increase Rate Yellen Fed Increase Rate Yellen 2017-03-03 Staff Writer Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago About Author: Staff Writer March 3, 2017 1,704 Views Yellen States Fed Rates to Increase Home / Daily Dose / Yellen States Fed Rates to Increase in Daily Dose, Featured Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

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first_img The Best Markets For Residential Property Investors 2 days ago According to John Clifford, SVP Commercial Operations for Genworth Mortgage Insurance, due to the increasingly visual and digital world, Genworth Mortgage Insurance prides itself on being at the forefront of innovation in the mortgage space.“Our new website is designed to make a traditionally complex process very visual and easy to navigate, which will streamline communications and ensure a smooth, user-friendly experience for our customers,” Clifford said.   October 19, 2017 1,210 Views Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago HOUSING mortgage Movers and Shakers 2017-10-19 Nicole Casperson _________________________________________________________________On Wednesday, First American Mortgage Solutions, LLC, announced the initial field results after months of testing its “smart” valuation offering, which integrates big data, mobile technology, and reconfigured workflows to enhance the historically manual labor-intensive appraisal process.“Moving from loan application to close faster is a long-awaited evolution being fueled by access to better data and technology, which allows us to rethink traditional workflows and processes,” said Kevin Wall, President of First American Mortgage Solutions. “This has been a major aspiration for us, along with the entire mortgage industry, and we’re excited to be at the forefront of game-changing progress.”First American has invested heavily in developing a valuation solution that will help facilitate a faster closing. Leveraging its enterprise-wide assets and technological expertise, the company has developed a collaborative process fueled by data and analytics that connects a mobile workforce with cloud-based technology to drive speed, cost reduction and quality._______________________________________________________________________________________Assurant, Inc. announced on Monday that Marc Connelly has joined Assurant Mortgage Solutions as a national sales director. Connelly will focus on growing the title and origination valuations product lines for Assurant.“Marc’s deep background in sales and business development is matched by knowledge and insights into our industry,” said Dan Hoppes, SVP, Mortgage Solutions at Assurant. “We were impressed by Marc’s breadth of experience in real estate including the title and settlement process, and are confident that his expertise will help us grow our mortgage solutions business.”In response, Connelly said that he is impressed with Assurant’s commitment to clients that is visible in the innovative solutions the company produces. “I look forward to being a part of delivering the new solutions that enable our clients’ success,” commented Connelly.Connelly’s previous roles include EVP of Business Development at McDonnell and Associates, P.A., a multi-state general practice law firm with a focus on real estate law, title development and settlement services. He also served as a managing partner at Epic Real Estate Solutions, where he was responsible for strategic and consultative sales as well as implementing a revolutionary new technology in response to regulatory changes relevant to lenders, realtors, title agents and consumers._______________________________________________________________________________________LoanScorecard announced Wednesday that Gerald Casey has joined the company as Managing Director, Capital Markets.In this role, Casey will be responsible for identifying and pursuing LoanScorecard opportunities with originators, aggregators, and issuers of non-agency assets, as well as developing and executing strategies to maximize revenues of non-agency capital market participants and investors.“LoanScorecard is committed to supporting capital and secondary market players as they expand their non-agency and portfolio offerings,” said Ben Wu, Executive Director of LoanScorecard. “Adding a leader with Gerald’s experience will allow us to better serve our clients by providing strategic solutions that make their businesses more efficient and effective.”Casey brings more than 30 years’ experience in the financial services industry as a fixed income, residential whole loan trading and technology professional to LoanScorecard with over $60 billion UPB of non-agency whole loans acquired and managed to-date.  Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Previous: Investor Urges Owners to “Quick Close” Homes Next: Top 5 Cities for the SFR Market About Author: Nicole Casperson Servicers Navigate the Post-Pandemic World 2 days ago Which companies are merging, and what professionals are moving? See some highlights in this update of the housing and mortgage industries.Ellie Mae announced on Monday that it has launched a new release of Encompass, its all-in-one mortgage management solution. The purpose of Encompass 17.4 enhancements is to help lenders of all sizes originate more loans, lower origination costs, and shorten the time to close with efficiency, quality, and compliance. Specifically, the new major release of Encompass includes additional updates for 2018 Home Mortgage Disclosure Act (HMDA) collection and reporting changes, electronic document enhancements, and Correspondent Trade enhancements.“HMDA readiness remains a top priority for the entire mortgage industry and Ellie Mae is committed to supporting our customers as they prepare by offering solutions, information, training, and resources well in advance,” said President and CEO of Ellie Mae Jonathan Corr._________________________________________________________________Genworth Mortgage Insurance reported on Thursday the launch of a new website that allows loan officers, underwriters, processors and other lending professionals to visually track every part of the mortgage insurance (MI) application process from start to finish. The site comes after an extensive feedback and review process with Genworth’s customers on potential improvements that could further enhance their experience. Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 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] Tagged with: HOUSING mortgage Movers and Shakers Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Headlines Demand Propels Home Prices Upward 2 days ago Share Save Related Articles  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more

Supreme Court Case Could Shift Future of CFPB

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Supreme Court Case Could Shift Future of CFPB 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 Subscribe  Print This Post The Supreme Court has agreed to hear a case that could have implications regarding the constitutionality of the Consumer Financial Protection Bureau. Last week the Supreme Court agreed to hear the case of Lucia v. Securities and Exchange Commission, which concerns how administrative law judges (ALJs) of the Securities and Exchange Commission are chosen. The D.C. Court of Appeals previously ruled against Raymond J. Lucia, who argued that ALJs are officers of the United States government, which means they fall under the dictates of the Appointments Clause. This would mean the ALJs would be required to be appointed “by the president, the head of a department, or a court of law.”The Court’s decision will be watched carefully by those following the progress of another case, PHH v. CFPB. That case is attempting to determine whether the CFPB is constitutionally able to remain an independent agency headed by a single director. PHH Mortgage is arguing that the CFPB cannot be independent and that it must report directly to the President. The CFPB argues that Congress is able to structure independent agencies as it has with financial regulators and that they maintain their independence by keeping their heads in place across administrations.Lucia was cited in February 2017 when the D.C. Court of Appeals agreed to consider the CFPB’s appeal on a previous PHH ruling by a lower court. The appeals court is expected to issue their ruling on that case soon, but now that the Supreme Court has agreed to look at Lucia, they could hold off to see if the higher court sets a precedent applicable to the case, or if their ruling would throw out the case altogether.The two cases are unfolding as the legal battle over leadership of the CFPB itself continues to drag on. When Consumer Financial Protection Bureau Director Richard Cordray officially resigned on November 24, 2017, he named the CFPB’s Chief of Staff, Leandra English, as the Deputy Director. He stated to the CFPB staff that she would be the Acting Director of the CFPB pursuant to the Dodd-Frank Act. However, soon after Director Cordray’s resignation, the Trump administration announced its appointment of Mick Mulvaney (Director of the Office of Management and Budget) as the Acting Director of the CFPB, pursuant to separate law called the Federal Vacancies Reform Act (FVRA).The debate about who is proper interim head of the CFPB has continued ever since. On January 10, Judge Timothy Kelley denied English’s request for a preliminary injunction against Mulvaney, explaining in his judgment that “ .. the best reading of the two statutes is that Dodd-Frank requires that the Deputy Director ‘shall’ serve as acting Director, but that under the [Federal Vacancies Reform Act] the President ‘may’ override that default rule.”English has requested an expedited appeal of the ruling. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Home Buying Goes High-tech Next: Mortgage Delinquencies Up, Still Below 15-Year Averages Supreme Court Case Could Shift Future of CFPB January 16, 2018 2,128 Views Demand Propels Home Prices Upward 2 days ago Share Savecenter_img Servicers Navigate the Post-Pandemic World 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 About Author: David Wharton The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, Journal, News Related Articles Tagged with: CFPB cfpb acting director Consumer Financial Protection Bureau leandra english Lucia v. Securities and Exchange Commission Mick Mulvaney PHH v. CFPB SEC Securities and Exchange Commission Supreme Court CFPB cfpb acting director Consumer Financial Protection Bureau leandra english Lucia v. Securities and Exchange Commission Mick Mulvaney PHH v. CFPB SEC Securities and Exchange Commission Supreme Court 2018-01-16 David Wharton Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

DS5: Protecting Homeowners From Fraud

first_img The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago 2020-06-25 Mike Albanese DS5: Protecting Homeowners From Fraud The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Media, News, Webcasts Share Save Subscribe Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Related Articles Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img The latest episode of DS5: Inside the Industry features an exclusive interview with Mike Eckrote, SVP Quality Control, with Planet Home Lending.Eckrote will discuss how homeowners can protect themselves from fraud. He will also delve into how the mortgage industry and mortgage servicers have changed since the last downturn.You can watch the video at the embed below or at the following link. Home / Daily Dose / DS5: Protecting Homeowners From Fraud Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago June 25, 2020 1,173 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: 2020 Five Star Conference Going Virtual Next: Increasing Productivity for Mortgage Servicers Sign up for DS News Daily last_img read more

‘Troubling Trends’ Could Result in Increased Forbearance Activity

first_img New data published by the Mortgage Bankers Association (MBA) has tracked a slight increase in the number of mortgages now in forbearance.According to the MBA’s latest Forbearance and Call Volume Survey, 5.49% of servicers’ portfolio volume, or 2.7 million loans, were in forbearance plans as of Dec. 13, up one basis point from 5.48% in the prior week. By investor type, the share of Ginnie Mae loans in forbearance saw the greatest week-over-week jump, from 7.68% to 7.79%, while the share of Fannie Mae and Freddie Mac loans in forbearance dipped over the same period from 3.26% to 3.25%.Among other loan categories, the forbearance share for portfolio loans and private-label securities (PLS) fell 13 basis points week-over-week to 8.76% while the forbearance share for independent mortgage bank servicers decreased 3 basis points from the previous week to 5.95% and the percentage for depository servicers increased 3 basis points from the previous week to 5.41%.For the week ending Dec. 13, the MBA found 18.78% of total loans in forbearance are in the initial forbearance plan stage, while 78.54% are in a forbearance extension and the remaining 2.69% are forbearance re-entries. Total weekly forbearance requests as a percent of servicing portfolio volume remained unchanged from the prior week at 0.12%.Mike Fratantoni, MBA’s SVP and Chief Economist, noted that forbearance levels were mostly steady since early November, although forbearance requests from Ginnie Mae’s borrowers “reached the highest level since the week ending June 14.” However, he was not optimistic about the near future.“Additional restrictions on businesses and rising COVID-19 cases are causing a renewed increase in layoffs and other signs of slowing economic activity,” Fratantoni said. “These troubling trends will likely result in more homeowners seeking relief.”Fratantoni’s concern on troubling trends was echoed earlier this week by Michael Sklarz, who leads Black Knight Data and Analytics’ Collateral Analytics team. In a blog posting, Sklarz, predicted that many homeowners facing the expiration of their forbearance plans under the CARES Act might put their properties up for sale rather than face mortgage delinquency.“There are millions of homeowners currently in forbearance across the country who will lose those protections throughout next year and—depending upon their ability to return to performing status—who may find themselves facing foreclosure,” Sklarz wrote. “This is of course assuming a Biden administration doesn’t extend the moratoriums currently in place. Regardless, we may very well see a meaningful increase in the number of homes listed for sale as these borrowers choose to sell at what is arguably an intermediate top in the market and downsize to more affordable homes rather than face foreclosure.” About Author: Phil Hall ‘Troubling Trends’ Could Result in Increased Forbearance Activity Sign up for DS News Daily 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 Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Previous: Housing Advocates Applaud Stimulus Deal Next: CFBP Issues Advice on Special Purpose Credit Programs Phil Hall is a former United Nations-based reporter for Fairchild Broadcast News, the author of nine books, the host of the award-winning SoundCloud podcast “The Online Movie Show,” co-host of the award-winning WAPJ-FM talk show “Nutmeg Chatter” and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill’s Congress Blog and Profit Confidential. His real estate finance writing has been published in the ABA Banking Journal, Secondary Marketing Executive, Servicing Management, MortgageOrb, Progress in Lending, National Mortgage Professional, Mortgage Professional America, Canadian Mortgage Professional, Mortgage Professional News, Mortgage Broker News and HousingWire. 2020-12-22 Christina Hughes Babb Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News The Best Markets For Residential Property Investors 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Share 1Save Data Provider Black Knight to Acquire Top of Mind 2 days ago December 22, 2020 2,085 Views Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / ‘Troubling Trends’ Could Result in Increased Forbearance Activity Subscribelast_img read more

Donegal Deputy fearful for future of some Donegal farmers

first_imgHomepage BannerNews Pinterest Twitter NPHET ‘positive’ on easing restrictions – Donnelly Three factors driving Donegal housing market – Robinson Pinterest Google+ WhatsApp Facebook 448 new cases of Covid 19 reported today Google+ Donegal Deputy fearful for future of some Donegal farmerscenter_img By News Highland – December 12, 2014 Help sought in search for missing 27 year old in Letterkenny Facebook Twitter WhatsApp Previous articleMotorists urged to drive with caution as heavy snow hits NorthwestNext articleHarps to host open meeting – sponsors also confirmed News Highland News, Sport and Obituaries on Wednesday May 26th RELATED ARTICLESMORE FROM AUTHOR A Donegal Deputy has said he would be very fearful for the future for many farmers in the county if a resolution canot be reached over the new GLAS scheme application system.Just over a week ago over 2,000 hill and commonage farmers turned out to protest outside the Taoiseach’s office in Castlebar over the Department of Agriculture’s implementation of the new GLAS scheme.Farmers claim the GLAS application system will effectively restrict access to commonage farmers by imposing unnecessary hurdles.Deputy Charlie McConalogue is calling on other Government TD’s to put the pressure on the Minister:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/12/cmcc1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Nine Til Noon Show – Listen back to Wednesday’s Programmelast_img read more

Inishowen project officer to get most from Derry’s year as City of Culture

first_img Three factors driving Donegal housing market – Robinson Pinterest By News Highland – January 12, 2012 Twitter RELATED ARTICLESMORE FROM AUTHOR NPHET ‘positive’ on easing restrictions – Donnelly Inishowen project officer to get most from Derry’s year as City of Culture WhatsApp Google+ Help sought in search for missing 27 year old in Letterkenny Buncrana Town Council is to join up with Inishowen Tourism to try and reap the benefits from Derry’s year as City of Culture in 2013.Inishowen Tourism are to appoint a project officer, who will look at different initiatives, to see which ones are achieveble and what will best benefit the Northwest region.Buncrana Town Cllr and Chair of Inishowen Tourism, Lee Testone, says City of Culture organisers are in full support of the idea.Cllr Tedstone says Buncrana and Inishowen can reap the benefits of Derrys years as City of Culture:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/01/lee1pm.mp3[/podcast] Facebookcenter_img Previous articleDeputy Mac Lochlainn calls on Health Minister to open new Letterkenny A&E WardNext articleDonegal may become single constituency and lose one TD News Highland Facebook Google+ Twitter 448 new cases of Covid 19 reported today WhatsApp Newsx Adverts Pinterest Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector publishedlast_img read more

Letterkenny Town Council look at options to remove ESB cables

first_img RELATED ARTICLESMORE FROM AUTHOR Twitter WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Facebook Google+ Pinterest Twitter Previous articleNorthwest MEP says government needs Euro plan ‘B’Next articlePaediatric Diabetic Service to be maintained in Letterkenny News Highland Facebook Newsx Adverts Google+center_img Pinterest Three factors driving Donegal housing market – Robinson Letterkenny Town Council is to investigate ways of removing overhead ESB wires in the centre of the town and rerouting them underground.In previous years, Tidy Towns adjudications have raised the issue of the wires, saying they take away from the area between the Courthouse, Crossview House and Gallagher’s Hotel.Ahead of next week’s budget meeting, officials will examine what can be done to address the situation.Independent Cllr Tom Crossan raised the issue this week, he says removing the wires would have a very positive impact on Letterkenny’s Tidy Towns results: WhatsApp By News Highland – December 15, 2011 Calls for maternity restrictions to be lifted at LUH Almost 10,000 appointments cancelled in Saolta Hospital Group this week Letterkenny Town Council look at options to remove ESB cables Guidelines for reopening of hospitality sector published Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

Man sustains head injuries in Derry assault

first_img Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Man sustains head injuries in Derry assault Facebook WhatsApp Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week News Police in Derry are appealing for information following a serious assault in the Argyle Street area of the city this morning.Shortly after 8am, it was reported that a 48 year old man was attacked in the street, sustaining head injuries. He was taken to hospital for treatement for his injuries, which are not believed to be life threatening.Two men aged 25 and 34 were arrested a short time later, they remain in custody. Facebook Twitter Twittercenter_img Guidelines for reopening of hospitality sector published Calls for maternity restrictions to be lifted at LUH Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey RELATED ARTICLESMORE FROM AUTHOR WhatsApp By News Highland – July 14, 2012 Pinterest Pinterest Previous articleMan injured in Letterkenny stabbingNext articleMEP calls for Mauritius boycott as DPP defends police investigation News Highland Three factors driving Donegal housing market – Robinson last_img read more

Deputy Dinny McGinley: No guarantee Lifford hospial won’t close

first_imgNewsx Adverts Pinterest Twitter Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Donegal South-West Deputy, Dinny McGinley has said the Government cannot not give any guarantees that Lifford Community Hospital will not close.An internal HSE document lists it as one of 10 across the country which may close – ten beds  in Buncrana, two in Ramelton and four in Carndonagh are also under threat.Deputy McGinley met with the Health Minister and Senior personnel from the HSE  to ask about the future of the hospital.He said at this stage the Government cannot give any assurances that the hospital will stay open:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/11/dinnylifford.mp3[/podcast] Need for issues with Mica redress scheme to be addressed raised in Seanad also WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Previous articleDonegal group says Fianna Fail’s Septic Tank proposals worse than governmentsNext articleShock in Donegal as People With Disabilities Ireland has its funding withdrawn News Highland center_img Pinterest Twitter Dail hears questions over design, funding and operation of Mica redress scheme Google+ Deputy Dinny McGinley: No guarantee Lifford hospial won’t close WhatsApp Google+ RELATED ARTICLESMORE FROM AUTHOR Minister McConalogue says he is working to improve fishing quota By News Highland – November 25, 2011 last_img read more