Removing Waste from the Process is Key to Keeping Costs Down in SFR Rehab

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago With the costs of labor and materials increasing, investors and contractors are constantly searching for ways to lower the cost of doing business when it comes to renovating or rehabbing their rental properties.The key to keeping costs down is to remove waste from the process, according to one expert on Tuesday at the Rehab Lab in the inaugural Five Star Institute Single-Family Rental Summit in Las Vegas.”The price of labor includes the processes, so if you can streamline your processes and take waste out of the processes, and cut your overhead costs or pass that on to a client,” said Steven Helser, CEO of ASONS, a panelist during the lab. “The other way to look at this is the materials. By only buying the level of materials you need at the right quality, you get massive discounts for national material suppliers like Home Depot and Lowe’s. Leveraging off of that, you can save that and pass that onto the client.”One way to keep costs down is to convert fixed costs into variable costs, Helser said.”If the client has a rehab team that goes out to do their renovations or their flips, they can get rid of that rehab team, and we as contractors can come in and take that fixed cost and make that a variable,” Helser said. “So if they’re not buying, they don’t have that labor cost. So it’s on our dime. And if we’re not performing for them, we’re out performing for somebody else. So we’re able to take and use that labor efficiently across multiple clients where one client would say ‘I have 10 or 15 people over here to do rehab or maintenance, and now I don’t have that anymore. I just pick up the phone and we know I’m going to have the right level of labor and performance and my costs are going to be lower.'””We take waste out of the system and we minimize the time from the time we get a purchase order to the time we invoice the client. So we’re moving that waste and making processes more efficient both inside and outside with our own performers or contractors.”In order to remove the waste from the processes, Helser said his company uses the Six Sigma approach, which was famously utilized by Jack Welch during his tenure as CEO of General Electric.While not many real estate investors or contractors are current utilizing this approach, more and more are coming on, Helser said.”We take waste out of the system and we minimize the time from the time we get a purchase order to the time we invoice the client,” he said. “So we’re moving that waste and making processes more efficient both inside and outside with our own performers or contractors. It allows us to have a complete hold on those overhead costs so we can take them down to a bare minimum. You match your labor with what business you have and it seems to work out. Same thing with materials.”While keeping costs of labor and materials down is an ongoing challenge for contractors in the single-family property rehab space, the availability of labor has also been an issue.”If you’re not self-performing with the way construction is going nowadays, all of the labor is going to the next job, like the big commercial jobs,” Helser said. “Having that labor available and keeping that labor engaged in this environment is very tough.”Editor’s note: The Five Star Institute is the parent company of DS News, DSNews.com, The MReport, and TheMReport.com.  in Daily Dose, Featured, News Related Articles October 13, 2015 3,743 Views  Print This Post Tagged with: Asset Management Five Star Institute Five Star Single-Family Rental Summit Property Preservation Property Rehab About Author: Brian Honea Demand Propels Home Prices Upward 2 days ago Previous: RESPA Claims Cited by Foreclosure Defendants Fall Flat in Florida Next: JPMorgan Q3 Earnings Increase 22 Percent Year-Over-Year Share Savecenter_img Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Asset Management Five Star Institute Five Star Single-Family Rental Summit Property Preservation Property Rehab 2015-10-13 Brian Honea Home / Daily Dose / Removing Waste from the Process is Key to Keeping Costs Down in SFR Rehab Data Provider Black Knight to Acquire Top of Mind 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Removing Waste from the Process is Key to Keeping Costs Down in SFR Rehab Subscribelast_img read more

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Share of Student Loan Debt-Laden Borrowers Rising

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post in Daily Dose, Featured, Market Studies, News Home / Daily Dose / Share of Student Loan Debt-Laden Borrowers Rising July 11, 2016 1,079 Views Previous: Rising Consumer Expectations Could Bode Well for Housing Next: Is the Labor Market Impeding Housing Growth? The number of mortgage holders carrying student loan debt has increased by more than 40 percent over the past 10 years, bringing the count from 5.4 million in 2006 to 7.7 million in 2016, according to Black Knight Financial Services’ May 2016 Mortgage Monitor released Monday. The report displayed the correlation between borrowers with student loan debt and their mortgage performance.Approximately 15 percent of active mortgages reside with borrowers who possess student loan debt. It was shown that borrowers with mortgages tend to perform better on student loan debt obligations than those without mortgages. Additionally, it was shown that fewer than one percent of all active mortgages belong to borrowers who are 90 or more days past due on their student loan debt.The report also found the share of mortgage originations given to borrowers with student loan debt has increased to 19 percent of all originations, a new high in 2014. This information was gathered from the most recent full-year data currently available. In 2014, 23 percent of purchase originations held student loan debt compared to 14 percent of refinance originations holding student loan debt. This is noted as a direct correlation to the change from a refinance to purchase-heavy market from 2012 to 2014. According to Black Knight, is something to watch going forward if and when interest rates begin to rise again.Even with the substantial increase, this does not mean that all mortgages will be successfully fulfilled to borrowers holding student loan debt. Borrowers severely delinquent on their student loan debts are five times more likely to be delinquent on their mortgage as well compared to those who are current on student loan debt. As well, these borrowers are nearly six times more likely to be delinquent than the average borrower without any student loan debt.To add to these findings, 52 percent of borrowers with student loan debt were shown to have a credit score below 720, while only 38 percent of borrowers without debt fall in that category. Borrowers with a 760+ credit score were shown to be the least likely to carry student debt, representing only less than 10 percent of that population. This subset was shown to be even less likely to be delinquent on their student loan debt, but on the rare occasion where they are, it’s a very strong indicator of mortgage risk.To view the full report, click HERE. The Week Ahead: Nearing the Forbearance Exit 2 days ago Share of Student Loan Debt-Laden Borrowers Rising Sign up for DS News Daily Tagged with: Homeownership Student Loan Debt The Best Markets For Residential Property Investors 2 days ago 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, TX. Born and raised in Texas, Kendall now works as the online editor for DS News. center_img About Author: Kendall Baer Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Homeownership Student Loan Debt 2016-07-11 Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

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Post-Foreclosure Stress Disorder: Barriers Keeping Buyers from Market

first_img The Best Markets For Residential Property Investors 2 days ago About Author: Brianna Gilpin Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago June 9, 2017 2,157 Views NAR National Association of Realtors 2017-06-09 Brianna Gilpin U.S. homeownership rates have been at a 50-year low despite improving local job markets and historically low mortgage rates. Research commissioned by the National Association of Realtors (NAR) said there are five main barriers preventing a large number of individuals from purchasing a home including post-foreclosure stress disorder, mortgage availability, the growing burden of student loan debt, single-family housing affordability, and single-family housing supply shortages.9 million homeowners experienced foreclosure and 8.7 million lost their jobs during the 2008 crisis. According to NAR, programs and workshops aimed at those with long-lasting psychological changes in financial decision-making could help those still gun shy about home buying. NAR also recommends restoring lending requirements in order to normalize credit standards for borrowers with good-to-excellent credit scores. Currently, those borrowers are not getting approved for the same rates they were in 2003, despite their credit score.To households repaying student loan debt, it is extremely difficult to save for a down payment, qualify for a mortgage, and afford a mortgage payment – especially in areas with high rent and home prices. NAR found in a survey released last year that student loan debt is delaying purchases from millennials and over half expect to be delayed by at least five years. NAR believes policy changes need to be enacted that address soaring tuition costs and make repayment less burdensome. In regards to low affordability, NAR explained that policies need to be enacted to ensure creditworthy young households and minority groups have the opportunity to own a home.“Single-family home construction plummeted after the recession and is still failing to keep up with demand as cities see increased migration and population as the result of faster job growth,” said Berkley Hass Real Estate Group Chair Ken Rosen. “The insufficient level of homebuilding has created a cumulative deficit of nearly 3.7 million new homes over the last eight years.”Due to higher prices and lack of property lots, difficulty finding skilled labor, and higher construction costs, housing starts are not increasing to meet the growing demand.“Low mortgage rates and a healthy job market for college-educated adults should have translated to more home sales and upward movement in the homeownership rate in recent years,” said NAR Chief Economist Lawrence Yun. “Sadly, this has not been the case. Obtaining a mortgage has been tough for those with good credit, savings for a down payment are instead going towards steeper rents and student loans, and first-time buyers are finding that listings in their price range are severely inadequate.” in Daily Dose, Featured, News Subscribe Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Post-Foreclosure Stress Disorder: Barriers Keeping Buyers from Market 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] center_img Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Post-Foreclosure Stress Disorder: Barriers Keeping Buyers from Market Share Save Demand Propels Home Prices Upward 2 days ago Tagged with: NAR National Association of Realtors  Print This Post Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Previous: New Buyers Unafraid to Jump into the Housing Market Next: The Week Ahead: FOMC to Meet Wednesdaylast_img read more

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Ellie Mae Launches New Encompass Digital Mortgage Solution

first_img in Featured, Headlines, Technology Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Share Save Tagged with: Ellie Mae Encompass Lending Platform encompass mortgage solutions Housing Market Mortgage Industry Previous: The Week Ahead: Gauging Vacancy Trends Next: RoundPoint Among Fastest Growing Companies in Charlotte Governmental Measures Target Expanded Access to Affordable Housing 2 days ago October 29, 2018 1,796 Views The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Ellie Mae Encompass Lending Platform encompass mortgage solutions Housing Market Mortgage Industry 2018-10-29 Staff Writer Servicers Navigate the Post-Pandemic World 2 days ago About Author: Staff Writer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Ellie Mae Launches New Encompass Digital Mortgage Solution Home / Featured / Ellie Mae Launches New Encompass Digital Mortgage Solution Ellie Mae, the leading cloud-based platform provider for the mortgage finance industry, announced that it has launched a new major release of its Encompass digital mortgage solution. The latest release, 18.4, is designed to assist lenders originate more loans, lower origination costs, and shorten the time to close with compliance, efficiency, and quality.“Ellie Mae is offering a complete digital mortgage solution to help our customers succeed in today’s competitive marketplace,” said Jonathan Corr, President and CEO of Ellie Mae. “With this new release, we’re offering innovation, enhancements, and support so our lenders can grow their businesses with HELOCs, operate more efficiently using Encompass Dynamic Data Management, provide a more streamlined mortgage process with centralized service ordering, and achieve complete compliance.”The enhancements include the first phase of a comprehensive solution expansion to streamline the application and underwriting of home equity line of credit (HELOC) loans. To support the unique investor requirements for calculating HELOC payments, both initial and qualifying, the new release of Encompass includes configuration options for both situations, including support to calculate interest-only and amortizing payments on the basis of a selected rate, a fraction of principal balance, or a percentage of principal balance.Mortgage Insurance (MI) Service for Ellie Mae’s Total Quality Loan (TQL) leverages secure, single sign-on and services to automate processes while also applying checks throughout the mortgage lifecycle to reduce resource costs. Enhanced integrations between this platform and Arch MI, MGIC, and Radian are designed to provide a more streamlined MI-ordering process. Encompass MI Service aims to automate orders for customers and provide side-by-side rate quote comparisons with an automated allocation model. The new service also offers faster processing, increased visibility into order history, and the ability to monitor key data changes.To increase productivity and enhance accuracy, Ellie Mae is also releasing a new scenarios-based rule engine for Encompass designed to automate data entry across any form used during the origination process. The new engine is called Encompass Dynamic Data Management.“Encompass Dynamic Data Management is an amazing new feature that provides Encompass Administrators an incredibly powerful set of tools for automating data input in Encompass,” said Adam Ard, Implementation and Development Lead, New American Funding.  “We are extremely excited for the release of Encompass Dynamic Data Management functionality because of the dramatic improvements it provides in flexibility, maintainability, visibility, and control of systematic data automation.”last_img read more

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Preventing Disaster-Related Mortgage Default

first_img 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 Home / Daily Dose / Preventing Disaster-Related Mortgage Default default Forclosure Insurance Natural Disasters 2019-05-01 Seth Welborn Previous: Federal Reserve Delays Rate Hike: Industry Reacts Next: Wolters Kluwer Launches Portfolio Management Solution The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago According to research from Colorado State University (CSU), 2019’s hurricane season may be slightly lower than average due in part to a likely weaker El Niño. With weaker risks of storms, homeowners and servicers can expect lower home damage risk, but climate change-driven natural disasters, including tornadoes and wildfires, still pose a risk to homeowner financial health. Homeowners impacted by natural disasters may fall behind on their mortgage payments and enter delinquency, eventually leading to foreclosure.According to a report from the Urban institute, natural disasters leave a negative impact on homeownership long afterward. Urban notes is that the negative effects of disasters persist, or even grow over time, for important financial outcomes. Urban’s report calls for lenders and government sponsored enterprises to update existing mortgage delinquency and foreclosure policies to account for these long-term financial burdens following disasters.As part of a plan to further address affordable housing issues, and possibly address some of the issues put forth by the Urban Institute, House Financial Services Committee Chairwoman Maxine Waters included a plan for pre-disaster mitigation funds in a bill introduced on Tuesday. Part of the bill contains $5 billion to support mitigation efforts that can protect communities from future disasters and reduce post-disaster federal spending.The additional funds may act as insurance for homeowners affected by natural disasters. According to CSU’s data, there is a 48% chance of coastal areas being hit by hurricanes making landfall this year, just slightly down from the century-long average of 52%. Homeowners without proper insurance in these areas are at high risk for default or foreclosure.According to Frank Nothaft, Chief Economist for CoreLogic, “The disruption of a family’s regular flow of income and payments, as well as substantial loss in property value, can trigger mortgage default; especially if homeowners are underinsured and cannot afford to rebuild.”CoreLogic’s 2019 Insurance Coverage Adequacy Report notes how each area at high risk for natural disasters, such as Southern California and wildfires and the Northeastern Atlantic and Gulf Coast regions from Hurricane damage, as well as Tornado Alley, can be impacted by insufficient funding.The topic of how the industry should prepare for and respond to disasters will be explored thoroughly at the upcoming Five Star Disaster Preparedness Symposium, to be hosted June 5-6, 2019, at the Hotel Monteleone in New Orleans. The Symposium is designed to provide an opportunity for mortgage industry leaders and executives to engage in critical conversations on diligence and preparedness, so the next time natural disaster strikes, the industry will be ready to lend the proper support. You can register for the Disaster Preparedness Symposium here. 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. Subscribe Preventing Disaster-Related Mortgage Defaultcenter_img Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Seth Welborn Tagged with: default Forclosure Insurance Natural Disasters Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Share Save May 1, 2019 2,516 Views Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Foreclosure, Government, Investment, Newslast_img read more

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Fannie Mae Announces Non-Performing Loan Sale Results

first_imgHome / Daily Dose / Fannie Mae Announces Non-Performing Loan Sale Results This week, Fannie Mae announced the latest sale of its of non-performing loans, including the company’s sixteenth Community Impact Pool, as well as the results of the GSE’s thirteenth reperforming loan sale transaction.The new non-performing loan sale includes four larger pools include approximately 5,400 loans totaling $986.4 million in unpaid principal balance (UPB) and the Community Impact Pool of approximately 90 loans totaling $21 million in UPB. The Community Impact Pool consists of loans geographically located in Miami-Dade area. All pools are available for purchase by qualified bidders, interested bidders can register here.This sale of non-performing loans is being marketed in collaboration with Bank of America Merrill Lynch and First Financial Network, Inc. as advisors.Bids are due on the four larger pools on October 3 and on the Community Impact Pool on October 22.“Among other elements, terms of Fannie Mae’s non-performing loan transactions require the buyer of the non-performing loans to pursue loss mitigation options that are sustainable for borrowers,” Fannie Mae notes. “In the event a foreclosure cannot be prevented, the owner of the loan must market the property to owner-occupants and non-profits exclusively before offering it to investors, similar to Fannie Mae’s FirstLook program.”The latest reperforming loan sale, expected to close on October 25, included the sale of approximately 29,400 loans totaling $5.1 billion in unpaid principal balance (UPB), divided into six pools. The winning bidders of the six pools for the transaction were Goldman Sachs Mortgage Company (Goldman Sachs) for Pool 1, Towd Point Master Funding LLC (Cerberus) for Pools 2, 3, 4, NRZ Mortgage Holdings, LLC (Fortress) for Pool 5, and DLJ Mortgage Capital, Inc. (Credit Suisse) for Pool 6.The cover bids, which are the second highest bids per pool, were 96.40% of UPB (68.93% of BPO) for Pool 1, 98.75% of UPB (72.64% of BPO) for Pool 2, 103.00% of UPB (56.02% of BPO) for Pool 3, 94.52% of UPB (61.97% of BPO) for Pool 4, 95.25% of UPB (59.15% of BPO) for Pool 5 and 92.28% of UPB (59.17% of BPO) for Pool 6. Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Fannie Mae Nonperforming loan sales reperforming 2019-09-13 Seth Welborn About Author: Seth Welborn Share Save Previous: How Climate Change is Impacting the NFIP Next: Lockbox Manufacturer Partners With Real Estate Brokerages, Agents 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. Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Fannie Mae Nonperforming loan sales reperformingcenter_img in Daily Dose, Featured, News, Secondary Market Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Fannie Mae Announces Non-Performing Loan Sale Results The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily September 13, 2019 1,601 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Subscribelast_img read more

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October’s Foreclosure Volume High Point

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago default Foreclosure 2019-11-14 Seth Welborn in Daily Dose, Featured, Foreclosure, News November 14, 2019 1,944 Views Lenders repossessed 13,484 U.S. properties through completed foreclosures in October 2019, up 14% month-over-month and the highest point in total number of completed foreclosures in 2019, according to the ATTOM Data Solutions October 2019 U.S. Foreclosure Activity Report.“While foreclosure activity across the United States rose in October, in looking at historical trends, October numbers tend to increase as lenders may be pushing filings through the pipeline before the holiday season,” said Todd Teta, chief product officer with ATTOM Data Solutions. “The latest number is still below where it was a year ago and less than 15% of what it was during the depths of the Great Recession.”Lenders started the foreclosure process on 28,667 U.S. properties in October 2019, up 17% from last month but down 1% from a year ago. ATTOM notes that this is the first double-digit month-over-month increase since February 2018.Counter to the national trend, 13 states including Washington, DC posted month-over-month decreases in foreclosure starts in October 2019, including Maryland (down 42%); Idaho (down 36%); Delaware (down 32%); Nebraska (down 26%); and Utah (down 25%).Nationwide one in every 2,453 housing units had a foreclosure filing in October 2019. States with the highest foreclosure rates were New Jersey (one in every 1,316 housing units with a foreclosure filing); Illinois (one in every 1,336 housing units); Maryland (one in every 1,484 housing units); South Carolina (one in every 1,534 housing units); and Florida (one in every 1,571 housing units).Among the 220 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in October were Peoria, IL (one in every 832 housing units); Rockford, IL (one in every 889 housing units); Atlantic City, NJ (one in every 933 housing units with a foreclosure filing); Fayetteville, NC (one in every 962 housing units); and Columbia, SC (one in every 1,028 housing units). Previous: Repairing for Returns: Attracting Homebuyers to Investments Next: Mortgage Debt Hits New Highs Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily About Author: Seth Wellborn Seth Welborn is a Harding University graduate with a degree in English and a minor in writing. He is a contributing writer for DS News. An East Texas Native, he has studied abroad in Athens, Greece and works part-time as a photographer. The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Home / Daily Dose / October’s Foreclosure Volume High Point Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: default Foreclosure Share 1Save  Print This Post October’s Foreclosure Volume High Point Related Articles Subscribelast_img read more

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NFIP’s ‘Head-Scratching’ Short-Term Extension

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Loss Mitigation, News December 10, 2019 1,810 Views NFIP’s ‘Head-Scratching’ Short-Term Extension Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: flood Insurance nfip 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. Previous: Banking Committee Approves HUD’s Nomination of Brian Montgomery Next: Setting the Mortgage Industry Up for Success Related Articles Subscribecenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago flood Insurance nfip 2019-12-10 Seth Welborn Home / Daily Dose / NFIP’s ‘Head-Scratching’ Short-Term Extension Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Sign up for DS News Daily The National Flood Insurance Program (NFIP) was refunded until December 20, after it was originally set to expire on November 21. Industry experts have praised the extension, but expressed disappointment in the short-term extension, and in Insurance Business Magazine, John Dickson, CEO and President of private flood insurance provider Aon Edge called the recent extension “head-scratching.”Says Dickson, “I think the issues that this Congress are dealing with are well publicized and they’re huge-headline, all-encompassing topics, and for you as a working body to know that you’ve got quite a lot on your plate and you’re working around the clock, your staff is fully engaged with these other issues, to then move a program of critical importance out 30 days in time, and I think that’s being generous by maybe a day, knowing that you are now with the holidays in the states scheduled to work maybe 10 to 15 of those 30 days, to think you’re going to get your business done and get reforms passed in that period of time is nonsensical. You know you can’t do it, so this is probably the most head-scratching extension that I’ve seen in this litany of non-stop short-term extensions.”Dickson adds that the NFIP hasn’t been transparent in what Risk Rating 2.0 will actually look like yet, which he notes is “troubling,” going on to note the growing importance of flood insurance as storm risk increases.“What we’re seeing today is flooding intensity that you never had before,” said Dickson. “Whether or not you believe that the climate is changing due to acts of man, if you believe that air temperatures are gradually or rapidly warming, then we have a situation where we will have bigger rain events with more lasting, more torrential rainfall. What’s happened this year with the Midwest and with Imelda is not much far removed from Michael, Florence, East Baton Rouge, Hurricane Harvey, they’re very similar in the fact that the intensity of these events is increasing.”A full vote for the NFIP extension is expected soon.last_img read more

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‘Capital Markets’ Podcast Examines Mortgage Delinquency Impact on MBS

first_imgSign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Previous: CFPB Rolls Back Several Regulatory Policies Next: How Federal Actions Helped Keep Americans in Their Homes Subscribe Ginnie Mae, which serves as the principal financing arm for government mortgage loans, recently released its Capital Markets Live podcast, which takes an in-depth look at the effect mortgage delinquency and associated loss mitigation and servicing activities are having on the mortgage-backed securities market.John Getchis, SVP for the Office of Capital Markets, Ginnie Mae, hosts the podcast, while Mr. Cooper Group President and CEO Jay Bray joins him for a wide-ranging discussion, including specifics on how Mr. Cooper addressed customer needs in the face of a pandemic.For more information, please email [email protected] Demand Propels Home Prices Upward 2 days ago ‘Capital Markets’ Podcast Examines Mortgage Delinquency Impact on MBS The Best Markets For Residential Property Investors 2 days ago  Print This Post in Daily Dose, Featured, Media, Podcasts 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. Home / Daily Dose / ‘Capital Markets’ Podcast Examines Mortgage Delinquency Impact on MBS Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 2021-03-31 Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 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 About Author: Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days ago March 31, 2021 1,421 Views Related Articleslast_img read more

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Some public bodies in Donegal not availing of cheaper stationary contracts

first_img Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Some public bodies in Donegal not availing of cheaper stationary contracts Pinterest Twitter Guidelines for reopening of hospitality sector published Facebook Previous articleMore money for footpath works in Letterkenny and BuncranaNext articleRepublicans in Derry and Tyrone claim PSNI harrassment on Facebook page News Highland Facebook Google+ Newsx Adverts RELATED ARTICLESMORE FROM AUTHOR WhatsAppcenter_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week Pinterest Google+ By News Highland – August 4, 2011 Twitter Donegal County Council, the Donegal VEC and the LYIT are amongst groups ‘named and shamed’ for failing to buy cut-price stationery that could save taxpayers up to €2.5m a year.Half of local authorities,  just 19 of the 33 Vocational Education Committees and only one I.T. have availed of a contract enabling them to purchase office supplies at a 25pc discount.Junior Minister for Public Service Reform Brian Hayes ordered a crackdown to stop wasteful spending by drawing up a list of the bodies that have availed of the reduced rates.None of the three Donegal based organisations feature on a list released by the Office of Public Works.Minister Hayes is demanding  to know why these bodies were not availing of centralised contracts. He said there was ample scope for savings as the public procurement market was worth about €16bn a year.The estimated value of the stationery contract is €10m a year — roughly 25pc cheaper than the previous contract.It is not clear why  Donegal VEC or LYIT have not availed of the savings but public bodies may not have acted because existing contracts have not run out.Others are refusing to end long-standing deals with local suppliers, it is understood  Donegal County Council is seeking to strike a balance between making savings buy sourcing products nationally and supporting local rate paying suppliers. Calls for maternity restrictions to be lifted at LUH Three factors driving Donegal housing market – Robinson last_img read more

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