May 2021

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Agency MSR Portfolio With $736 Million in UPB Up For Bidding

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News, Secondary Market Servicers Navigate the Post-Pandemic World 2 days ago Agency MSR Portfolio With $736 Million in UPB Up For Bidding Previous: Foreclosures Continue Steady Nationwide Decline in December Next: Wayne County, Michigan, Officials Help More Than 4,000 Avoid Foreclosure Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Fannie Mae Freddie Mac Ginnie Mae mortgage servicing rights MountainView Servicing Group The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Related Articles Fannie Mae Freddie Mac Ginnie Mae mortgage servicing rights MountainView Servicing Group 2015-02-10 Tory Barringercenter_img Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Tory Barringer February 10, 2015 1,347 Views Home / Daily Dose / Agency MSR Portfolio With $736 Million in UPB Up For Bidding A sizable new portfolio of agency mortgage servicing rights (MSR) has come to market with days left to go before bidding ends.The newest offering is a Fannie Mae, Freddie Mac, and Ginnie Mae MSR portfolio with $736 million of unpaid principal balance, according to an announcement from residential MSR and valuation advisory services provider MountainView Servicing Group, which is acting as adviser on the sale.Quality features of the bulk portfolio include 99 percent fixed-rate and 100 percent first-lien product, MountainView said in its announcement. The offering’s weighted average original FICO score is 762, the weighted average original loan-to-value ratio is 66 percent, and the weighted average interest rate is 3.94 percent.Most of the portfolio—89 percent of the packaged loans—is concentrated in California. The portfolio’s average loan size is $332,159.The portfolio is being offered with full representations and warranties from the seller, which is seeking a sale date no later than March 31. Bids are due February 12.This will be the second MSR rights sale of 2015 for which Denver-based MountainView Servicing Group has acted as adviser; in January, the firm advised on the sale of a Fannie Mae and Freddie Mac MSR portfolio with $4.2 billion in aggregate UPB. A spokesperson for MountainView said the company received five bids for that portfolio.Based on the annual number of sales, MountainView usually ranks first or second in the nation, according to the company’s announcement. During 2014, MountainView advised on 44 MSR portfolio sales involving a total of $43.5 billion of UPB. Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more


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HUD Inspector General Reports Lack of Oversight on HUD-backed Indian Home Loans

first_imgHome / Daily Dose / HUD Inspector General Reports Lack of Oversight on HUD-backed Indian Home Loans HUD Inspector General Reports Lack of Oversight on HUD-backed Indian Home Loans Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago July 10, 2015 1,363 Views Sign up for DS News Daily Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Government-Backed Mortgage Loans HUD Indian Home Loan Guarantee Program Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Federal housing officials that are in place to monitor and control thousands of government-backed mortgage loans worth millions of dollars have not handled these loans correctly for Native Americans. According to the Office of Inspector General (OIG) review for HUD’s Office of Loan Guarantee (OLG) did not provide adequate oversight of the Section 184 Indian Home Loan Guarantee program, resulting in an increased overall risk to the program.“This lack of oversight and high incidence of poorly underwritten loans has the potential to negatively impact the financial standing of Native American communities,” the Office of Inspector General said.HUD is authorized to guarantee loans made by private lenders to Native Americans, Indian housing authorities or tribally designated housing entities, and tribes under the provisions of Section 184 of the Housing and Community Development Act of 1992 and as amended by the Native American Housing Assistance and Self-Determination Act of 1996. Section 184 home mortgage loans may be used, both on and off native lands, for new construction, rehabilitation, purchase of an existing home, or refinance.The Inspector General’s office reported that HUD wrongfully guaranteed 3,845 loans totaling more than $705 million that were not underwritten in accordance with program guidelines. This will equal $77 million in loans on an annualized basis that have a much higher risk of loss in the first yearAccording to the OIG, 95 statistically sampled loans guaranteed from January 1, 2010 to July 31, 2014, determined that 32 of 95 loans had material underwriting deficiencies that should not have been approved for Section 184 loan guarantees. The OLG did not adequately monitor, track, and evaluate participating lenders to ensure that loans were underwritten according to Section 184 processing guidelines.“One of the Section 184 program goals is to increase the marketability and value of Native American assets and strengthen the financial standing of Native American communities,” the OIG said. “However, the lack of oversight and high incidence of poorly underwritten loans has resulted in borrowers who obtained mortgage loans that would not have otherwise qualified. If HUD does not strengthen its oversight, there will continue to be an increased risk of default and foreclosure which has the potential of negatively impacting the financial standing of Native American communities.”The Office of Inspector General recommends that the Deputy Assistant Secretary for Native American Programs develop and implement policies and procedures:For monitoring, tracking, underwriting, and evaluating the Section 184 program, resulting in $77 million in funds to be put to better use.For standardized monthly delinquency reports.To deny payments to lenders for claims on loans that have material underwriting deficiencies.To ensure that OLG uses enforcement actions available under 12 U.S.C. (United States Code) 1715z-13a(g).Request indemnification for the loans that had material underwriting deficiencies, resulting in $2.5 million in funds to be put to better use.Request statutory authority to indemnify poorly underwritten loans.Obtain support for one loan, which lacked documentation required for loan approval.Ensure that only underwriters that are approved by OLG are underwriting Section 184 loans.Click here to view the Office of Inspector General’s review on HUD’s Office of Loan Guarantee.  Print This Postcenter_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Government-Backed Mortgage Loans HUD Indian Home Loan Guarantee Program 2015-07-10 Brian Honea Share Save The Best Markets For Residential Property Investors 2 days ago Previous: Inflation Rate and International Developments Are Areas of Economic Uncertainty Next: DS News Webcast: Monday 7/13/2015 Data Provider Black Knight to Acquire Top of Mind 2 days ago 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, Government, News About Author: Xhevrije West Subscribelast_img read more


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Senate Bill Would Give Community Banks a Say in Regulatory Process

first_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Government, News Senate Bill Would Give Community Banks a Say in Regulatory Process 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: CFPB Community Banks Credit Unions Regulatory Relief Senator Angus King Senator Mike Rounds CFPB Community Banks Credit Unions Regulatory Relief Senator Angus King Senator Mike Rounds 2015-08-14 Brian Honea  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Subscribe About Author: Brian Honea U.S. Senators Mike Rounds (R-South Dakota) and Angus King (I-Maine) have introduced a bill that would give community banks, small businesses, and credit unions a say in the Consumer Financial Protection Bureau (CFPB)’s rulemaking process, according to an announcement from Rounds.S.1963, also known as the Bureau of Consumer Financial Protection Advisory Board Enforcement Act, would create a small business advisory board within the CFPB. It would also make permanent community bank and credit union panels within the CFPB.Under the new bill, each panel would be required to adequately represent members from rural and underserved areas, according to Rounds’ announcement.”As the CFPB continues to make decisions that affect every American, it is critical for rural areas, community banks, small businesses and credit unions to have a voice,” said Rounds, a member of the Senate Banking Committee. ‘This is particularly important in rural states like South Dakota. Our bill makes certain that voice will be heard.”The CFPB currently has four advisory boards for setting policy, only one of which, the Consumer Advisory Board, is required by Dodd-Frank. The new bill would create an additional advisory committee for small businesses  in addition to codifying two existing advisory boards, the Community Bank Advisory Board and the Credit Union Advisory Council.”Small businesses, community banks and credit unions are invaluable forces in America’s economy, and they deserve a seat at the table as the CFPB makes important and far-reaching financial decisions,” King said. “Rural communities in Maine, South Dakota, and all across the nation rely on these institutions to create jobs and grow the local economy. I’m proud to stand with Senator Rounds, my fellow former governor, on behalf of rural America.”According to Rounds, groups supporting the new bill include the Independent Community Bankers of America, the American Land Title Association, and the Credit Union National Association.The bill introduced by Rounds and King is one in a series of bills introduced this year in an attempt to gain regulatory relief for community banks and credit unions, many of which have said they have had difficulty operating due to the increasing cost of compliance with the new regulatory regime under Dodd-Frank. Many of those institutions have either gone bankrupt or merged with other institutions in the last five years.A similar bill, H.R. 1195, passed in the House  in April. In late July, the House Financial Services Committee approved a series of bills that would offer regulatory relief to community banks and smaller financial institutions.”After five long years of Dodd-Frank’s misguided regulatory assault on Main Street, I’m pleased the Financial Services Committee once again acted to provide regulatory relief for our community financial institutions and the hardworking Americans they serve. Washington’s one-size-fits-all rulemaking has shifted Dodd-Frank’s compliance costs down to many individuals and families—forcing them to absorb higher cost of credit while reducing their access to popular financial products,” said Rep. Randy Neugebauer (R-Texas). “This ‘new normal’ is unacceptable. As Chairman of the Financial Institutions and Consumer Credit Subcommittee, I will continue to work in a bipartisan manner and advocate for well-tailored consumer protection that does not infringe upon consumer choice, or the ability of the American people to achieve greater opportunity.”center_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Senate Bill Would Give Community Banks a Say in Regulatory Process Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles August 14, 2015 1,246 Views Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Previous: Ocwen Enjoys Favorable Week With Wells Fargo Outcome Next: DS News Webcast: Monday 8/17/2015last_img read more


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Uniting Over Housing

first_img Tagged with: Affordability Borrowers Congress David Dworkin Dodd-Frank reform Fannie Mae FHA Finance Freddie Mac Homes House HOUSING Lenders mortgage National Housing Conference Senate Tax Treasury  Print This Post David Dworkin is the President and CEO of the National Housing Conference. Prior to joining NHC, Dworkin worked as a senior policy advisor at the U.S. Department of the Treasury, where he advised senior Treasury Department officials on matters related to housing and community development. His expertise includes credit availability; housing finance reform, mortgage servicing, affordable housing, access to credit, residential housing vacancy, abandonment and demolition and community stabilization strategies. He also served as a member of the White House’s Detroit interagency team, where his responsibilities included developing and implementing strategies to assist in the City of Detroit’s revitalization. in Commentary, Daily Dose, Featured, Government, News Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles About Author: David Dworkin Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Affordability Borrowers Congress David Dworkin Dodd-Frank reform Fannie Mae FHA Finance Freddie Mac Homes House HOUSING Lenders mortgage National Housing Conference Senate Tax Treasury 2018-11-30 Radhika Ojha Uniting Over Housing November 30, 2018 2,501 Views Previous: Dual Markets Next: Supreme Court States “If Sought” is Seeking Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Commentary / Uniting Over Housing The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The midterm elections are history but Democrats and Republicans are still arguing with each other over who won. The answer may be that we did – Americans who want their government to work. As freshmen members of Congress are trying to figure out how they will afford a home in DC while maintaining one in their district, they should consider how housing can be an issue on which a divided government can come together.Many Republicans and Democrats, already understand that the affordable housing crisis is a top line agenda item. So, a Republican-led Senate and a Democrat-led House can serve the American home well if Members of Congress are given thoughtful answers to the questions they are being asked by their constituents such as: Why is it still so hard to get a mortgage on an affordable house? Why is my rent so high? Why are there so many people experiencing homelessness in my city? Why do I still live with my parents? Where am I going to live when I retire on Social Security? Asking these questions is the easy part. Answering them with action and results is much harder. Here’s what legislators can do in the first six months of the new Congress before the 2020 campaign overwhelms their ability to work together:Fund Affordable HousingAffordable housing production creates jobs and helps take pressure off low and moderate-income renters struggling to make ends meet. According to the National Housing Conference’s Paycheck to Paycheck database, a carpenter can’t afford to buy a modest home in DC.Senators Orin Hatch (R-UT) and Maria Cantwell (D-WA) have written bipartisan legislation to expand the housing tax credit. Congress should take that up immediately. It’s not enough by itself to solve the affordable housing crisis, but it’s a good start.A responsible housing component of a national infrastructure bill can also help families spend more of their time and money on raising their kids and saving for the future instead of worrying about how they can afford to buy a home or make their next rent payment. Fix What’s Wrong With Our Housing Finance SystemLeaving Fannie Mae and Freddie Mac in conservatorship is not the answer. The parts of our housing finance system that remain broken can be fixed without creating an entirely new system out of whole cloth that no one will capitalize. “If you build it, they will come,” is not a strategy for repairing nearly one-fifth of the world’s largest economy, it’s a tagline for a movie. Congress will follow if Treasury Secretary Mnuchin leads. America has never had a Treasury Secretary who understands the complexities and opportunities of the housing market as well.  Mnuchin should put together the same kind of nonpartisan and diverse group of housing leaders to consult with and offer a plan for administrative as well as statutory reform that worked well for him with Dodd-Frank Reform. All deficit spending is not equal, and neither are all tax cuts. The last tax bill slashed estate taxes to help 10,000 dead rich people. It also created Opportunity Zones, which could bring hundreds of billions of dollars off the sidelines and into communities that need it most. Expand the Federal Finance Bank’s Multifamily Risk Share ProgramSince 2014, this little-known program has closed or committed $2.4 billion in financing for 24,857 affordable apartments in 14 states. Under the FHA-FFB partnership, lenders must take 50 percent of the credit risk and have the financial capacity to support this commitment – an extraordinary mitigation of federal risk. The FHA-FFB platform is also sufficiently streamlined and efficient to accommodate the modest-sized loans that rural and other smaller and more affordable properties need; 35 percent of all FHA-FFB loans closed as of June 30, 2018, had original balances below $5 million. There’s simply no good reason for the Trump administration not to embrace and expand this program.This country’s first comprehensive housing act was passed in 1949 and it was developed and fought for by a diverse group of social advocates and homebuilders, labor unions and investors, brought together by the National Housing Conference. It was passed by a divided government and signed by a President who barely won his first election as president. The bill promised “a decent home and suitable living environment for every American family.” It’s not too late to make good on that commitment.Today, America is overdue for a comprehensive national housing policy. If Democrats want to show how they can govern, and Republicans want to prove they are more than the President’s closing arguments on immigration, housing can be the place they come together. Sign up for DS News Daily Subscribelast_img read more


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The Week Ahead: Getting to Know FHFA Nom Mark Calabria

first_img in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago FHFA Mark Calabria Senate Banking Committee 2019-02-08 Radhika Ojha The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Share Save Governmental Measures Target Expanded Access to Affordable Housing 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 Previous: Real Estate and Criminal Activity: Creating the Perfect Storm Next: Home Point’s New Non-Agency Program Servicers Navigate the Post-Pandemic World 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. The Senate Banking Committee will hold a hearing on the nomination of Mark Calabria as Director of the Federal Housing Finance Agency (FHFA) on Thursday, February 14 at 10 a.m. EST. Along with Calabria, the Committee will also conduct hearings for Bimal Patel, of Georgia, to be an Assistant Secretary of the Treasury; Todd M. Harper, of Virginia, to be a Member of the National Credit Union Administration Board; and Rodney Hood, of North Carolina, to be a Member of the National Credit Union Administration Board.The Trump administration announced Calabria’s nomination to head the FHFA in December. He is currently the Chief Economist to Vice President Mike Pence. If confirmed, Calabria would have significant influence over the housing finance market at the FHFA. According to Bloomberg, Calabria had previously pushed for putting Fannie and Freddie into receivership. “Calabria, a former scholar at the libertarian Cato Institute, has also called for abolishing the mortgage-interest deduction, something millions of homeowners benefit from. In addition, he has supported getting rid of government subsidies for the 30-year fixed rate mortgage,” Bloomberg said.Read about what the industry and regulators had to say about the nomination here.Here’s what else is happening in the week ahead:CoreLogic Loan Performance Insights Report, Tuesday, 10 a.m. ESTMBA Mortgage Apps, Wednesday, 7 a.m. ESTHouse Committee Hearing: “Homeless in America: Examining the Crisis and Solutions to End Homelessness, Wednesday, 10 a.m. ESTFreddie Mac Q4 and Full Year Results, Thursday, 8 a.m. ESTFreddie Mac Primary Mortgage Market Survey, Thursday, 10 a.m. EST Subscribecenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / The Week Ahead: Getting to Know FHFA Nom Mark Calabria Tagged with: FHFA Mark Calabria Senate Banking Committee The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Radhika Ojha The Week Ahead: Getting to Know FHFA Nom Mark Calabria Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago February 8, 2019 2,128 Views  Print This Postlast_img read more


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How Home Values Affect Education

first_imgSign up for DS News Daily bottom-tier Education Home Home Prices Homeowners housingm home values Residents top-tier Zillow 2019-02-22 Radhika Ojha February 22, 2019 1,613 Views The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Tagged with: bottom-tier Education Home Home Prices Homeowners housingm home values Residents top-tier Zillow Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Market Studies, News How Home Values Affect Education About Author: Radhika Ojha Previous: Counsel’s Corner: Navigating the Bankruptcy Space Next: Quandis’ New Functionality for Default Servicing The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / How Home Values Affect Education The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 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 Access to the best quality of education might well depend on the value of your home, according to a study by Zillow. The latest Zillow Housing Aspirations Report, a semi-annual survey of 10,000 Americans in 20 large metro areas, found that residents in areas with lower home values perceived worse access to education and jobs.Among amenities like access to education, transit, job opportunities, and other amenities, the report indicated that education saw the biggest gap in the perceived access between areas where median home values were in the lower one-third of all neighborhoods (bottom tier) and those where the median home values were in the highest one-third (top tier).It found that less than 40 percent of the people in bottom-tier areas said they had relatively good access to high-quality education in their neighborhood, versus 70 percent in the top-tier. With a 57-point difference, the largest gap was found in St. Louis with only 27 percent of bottom-tier neighborhood residents reporting good access to high-quality education, compared to 81 percent in the top tier. Other midwest metros, including Detroit and Chicago, also had large perceived gaps in educational access, with “point differentials of 40 and 36 between bottom- and top-tier neighborhoods, respectively.”Among cities where this gap is the narrowest, the report said that equal footing was only because access to top-quality education was perceived to be weak all around. The report noted that in cities like Las Vegas and Tampa less than 50 percent of respondents from all value tiers expressed satisfaction with their educational access.However, Los Angeles was an exception where “good perceived access to education” was shared across the tiers. It was the only metro where more than half of the residents from bottom-tier neighborhoods said they were satisfied with their access.”No matter where you live, odds are you think your neighborhood is meeting your basic needs,” said Skylar Olsen, Director of Economic Research and Outreach at Zillow. “But schools can be harder to evaluate, and a lot depends on what each individual student’s needs are. “At the other end of the spectrum, the report indicated that access to public transit systems is better in less valuable neighborhoods with residents in communities with lower home values saying they had relatively good access to public transportation in 19 of the 20 metros surveyed.Click here to read the full report. Demand Propels Home Prices Upward 2 days ago Related Articleslast_img read more


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CFPB Updates Consumers on Forbearance Options

first_img The Consumer Financial Protection Bureau (Bureau) has recently released several resources to help consumers take steps to protect their finances during the COVID-19 pandemic, including how to avoid financial scams and submit complaints to the Bureau.“During this difficult time, the Bureau is doing everything it can to facilitate the work of responsible financial companies supporting their customers and borrowers,” said Director Kathleen L. Kraninger. “We want consumers facing hardships to be are aware of this posture and encourage them to discuss their specific circumstances with their lenders.  As a backstop, the CFPB stands ready to help consumers resolve issues with their financial services providers through our consumer complaint system.”The CFPB’s information includes a reminder to consumers to contact their lenders if they cannot make their payments. Many lenders are now providing forbearance loan extensions, a reduction in interest rates, and/or other flexibilities for repayment. The Federal Housing Finance Agency (FHFA) has authorized Fannie Mae and Freddie Mac to enter into additional dollar-roll transactions—provide mortgage-back securities investors with short-term financing.This is just the latest action by the FHFA during the outbreak of COVID-19, as it recently announced the suspension of foreclosures and evictions for at least 60 days and offering forbearance to borrowers impacted by the virus.lenders are also saying they will not report late payments to credit reporting agencies or waiving late fees for borrowers in forbearance due to this pandemic.  FHFA Director Mark Calabria discussed with CNBC how forbearance will impact the credit scores of borrowers.“If you’re in a forbearance plan and you’re meeting the terms of that plan, it will not be reported to your credit bureau, there will not be a ding on your credit,” Calabria said. “If you don’t reach out to your lender and get a plan and don’t pay, you will get hit.”“We also want consumers to know the various steps they can take to help themselves or a loved one, both in the short and long term,” she adds. “Our resources address situations ranging from consumers having difficulty paying their bills or meeting other financial obligations to consumers experiencing a loss of income to avoiding scams.” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 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 Previous: Majority of Homeowners Concerned About Mortgages Next: Bouncing Back from Bankruptcy  Print This Post March 24, 2020 1,628 Views 2020-03-24 Seth Welborn 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / CFPB Updates Consumers on Forbearance Options in Daily Dose, Featured, News Related Articles The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn CFPB Updates Consumers on Forbearance Options The Week Ahead: Nearing the Forbearance Exit 2 days ago Share 2Save Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more


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Local Cllr says series of incidents in Strabane are ‘alarming’

first_imgHomepage BannerNews WhatsApp By admin – August 5, 2015 Google+ News, Sport and Obituaries on Wednesday May 26th Twitter A local councillor has condemned the latest incident  in Strabane.A security operation got underway late last night and a  gun was found during a police search in the early hours of this morning.A suspected firearm was taken away for further forensic examination.The operation ended shortly after 2 o’clock this morning.It comes just days after mortar type device was found on Cemetery road during a search which lasted nearly three days.Local Cllr Patsy Kelly says the situation of late is alarming:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/08/patsy530.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Facebook Pinterest WhatsApp Twitter Pinterestcenter_img RELATED ARTICLESMORE FROM AUTHOR Three factors driving Donegal housing market – Robinson Google+ Help sought in search for missing 27 year old in Letterkenny Local Cllr says series of incidents in Strabane are ‘alarming’ Previous articleDonegal & Tyrone supporters may expect delays on N2Next articleMark English’s fears over doping confirmed by allegations admin 448 new cases of Covid 19 reported today NPHET ‘positive’ on easing restrictions – Donnelly Facebook Nine Til Noon Show – Listen back to Wednesday’s Programmelast_img read more


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Tyrone man killed by escaped prisoner in Afghanistan

first_imgNews RELATED ARTICLESMORE FROM AUTHOR WhatsApp Google+ Pinterest Google+ Calls for maternity restrictions to be lifted at LUH Help sought in search for missing 27 year old in Letterkenny Twitter Twitter Facebook By News Highland – August 9, 2010 center_img A Tyrone man has been shot dead in Afghanistan.Its understood Ken McGonigle, who lived in Magheramason on the Tyrone/Derry border was working as a police mentor when he was shot by an escaped prisoner in Helmand on Saturday.The father of four was originally from the Trillick area.Two US marines were also killed in the attack. Facebook Tyrone man killed by escaped prisoner in Afghanistan NPHET ‘positive’ on easing restrictions – Donnelly WhatsApp Three factors driving Donegal housing market – Robinson Previous articleAn Grianan Theatre projects receive €125,000 in Peace 3 fundingNext articleAssistant Hospital Manager says costs must be cut at Letterkenny General News Highland Pinterest Guidelines for reopening of hospitality sector published LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamiltonlast_img read more


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Dunnion takes the chair at Donegal GAA convention

first_img WhatsApp Dunnion takes the chair at Donegal GAA convention Google+ Guidelines for reopening of hospitality sector published Calls for maternity restrictions to be lifted at LUH Previous articleMedia urged to be careful not to inadvertently glamorise suicideNext articleLarkin says Bonagee link should become a Jobs Initiative project News Highland Three factors driving Donegal housing market – Robinson Twitter RELATED ARTICLESMORE FROM AUTHOR The Donegal GAA has a new leader. Four Masters representative Sean Dunnion has won a three way contest to become the new County Chairman, replacing outgoing Chair PJ Mc Gowan.The vote was taken at the County Convention in Donegal Town yesterday, with outgoing Vice Chair Charlie Cannon and Mick Mc Grath the other candidates.Chris Mc Nulty of the Donegal News was there……..[podcast]http://www.highlandradio.com/wp-content/uploads/2012/12/chris10.mp3[/podcast]Meanwhile, there was some discussion of the 5 euro levy on All-Ireland tickets which was criticised by Croke Park and subsequently described by the County Board as a ‘voluntary contribution’.Chris Mc Nulty says clubs have been given the option of applying for a refund, but it didn’t become a major issue…………..[podcast]http://www.highlandradio.com/wp-content/uploads/2012/12/chris2.mp3[/podcast] NPHET ‘positive’ on easing restrictions – Donnelly Pinterestcenter_img Pinterest By News Highland – December 17, 2012 Facebook Help sought in search for missing 27 year old in Letterkenny WhatsApp News Twitter Facebook Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamiltonlast_img read more