Credit Unions’ RMBS Recoveries Reach Milestone

first_img April 20, 2016 1,014 Views  Print This Post Credit Unions’ RMBS Recoveries Reach Milestone in Daily Dose, Featured, Government, News Data Provider Black Knight to Acquire Top of Mind 2 days ago The recent announcement of the $5 billion Goldman Sachs settlement over the sales of faulty residential mortgage-backed securities before the crisis has pushed the amount recovered by the National Credit Union Administration (NCUA) from Wall Street firms over RMBS sales above the $3 billion mark, according to an announcement from NCUA.NCUA was one of the government plaintiffs included in the recent Goldman Sachs settlement with the Department of Justice. As liquidating agent for three credit unions (U.S. Central, WesCorp, and Southwest), NCUA had sued Goldman Sachs for losses incurred as a result of the purchase of RMBS by those three credit unions, which later failed. NCUA is receiving $575 million from Goldman Sachs in the settlement.“Credit unions are benefiting from an aggressive litigation strategy NCUA continues to follow in order to hold responsible parties accountable,” NCUA Board Chairman Debbie Matz said. “NCUA remains committed to fulfilling its statutory responsibilities to protect the credit union system and to pursuing recoveries against Wall Street firms that contributed to the corporate crisis. Our goal is to minimize net losses of the corporate crisis and provide a future rebate to credit unions.” Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago “Credit unions are benefiting from an aggressive litigation strategy NCUA continues to follow in order to hold responsible parties accountable.”NCUA Chairman Debbie Matz Credit Unions NCUA Residential Mortgage-backed securities RMBS Settlements 2016-04-20 Brian Honea Share Save Servicers Navigate the Post-Pandemic World 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. Sign up for DS News Daily center_img Home / Daily Dose / Credit Unions’ RMBS Recoveries Reach Milestone Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Credit Unions NCUA Residential Mortgage-backed securities RMBS Settlements Previous: Rising Compliance Costs Burden Financial Firms Next: U.S. Bancorp Escapes Most Banks’ Q1 Fate 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 The Best Markets For Residential Property Investors 2 days ago Net proceeds from settlement funds obtained by NCUA will be used to pay claims against five failed corporate credit unions, including those of the Temporary Corporate Credit Union Stabilization Fund, the NCUA announced. The NCUA was the first federal financial regulator to recover losses from investments in faulty RMBS by financial institutions which later failed.After crossing the $3 billion threshold in recoveries related to the sales of toxic RMBS, the NCUA announced that it will receive $69.8 million in damages from UBS for claims arising from losses suffered by two corporate credit unions that purchased RMBS and then failed during the financial crisis, Members United and Southwest. The NCUA also announced it will receive $50.3 million in damages from Credit Suisse for claims related to the purchase of RMBS by those same two corporate credit unions. The Agency still has litigation pending against Credit Suisse in federal court in Kansas for sales of toxic RMBS to corporate credit unions U.S. Central, Southwest, and WesCorp. About Author: Brian Honea Demand Propels Home Prices Upward 2 days agolast_img read more

StreetLinks Lender Solutions Hires VP of Operations and Quality Control

first_img The Best Markets For Residential Property Investors 2 days ago Previous: eMortgage Logic Announces New Director of Sales Next: Is the CFPB Tough Enough? April 29, 2016 1,426 Views Tagged with: Assurant Mortgage Solutions StreetLinks Lender Solutions Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Assurant Mortgage Solutions StreetLinks Lender Solutions 2016-04-29 Brian Honea Share Save Home / Featured / StreetLinks Lender Solutions Hires VP of Operations and Quality Control Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Sign up for DS News Daily in Featured, News 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.  Print This Post Subscribe About Author: Xhevrije West Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago StreetLinks Lender Solutions, a unit of Assurant Mortgage Solutions, recently hired Charles Szabo as VP of Operations and Quality Control.Szabo’s focus is to lead the StreetLinks’ Quality Control Operations department, which emphasizes superior quality and service across StreetLinks’ wide range of valuation products and services.Szabo joined StreetLinks in 2015 as VP of Quality Control and Operations after working extensively in the real estate industry for more than 20 years. Prior to joining StreetLinks, Szabo served as the Chief Appraiser at USAA Federal Savings Bank for four years, where he launched their appraisal department. He also served as the Operations and Quality Assurance leader and primary liaison for regulatory agencies and offices.Prior to his time at USAA, he worked in the Fraud Investigation and Repurchase departments at Fannie Mae’s National Underwriting Center, and successfully ran an appraisal firm for 10 years.StreetLinks also appointed Samir Agarwal as Director of Vendor Administration.  Agarwal’s focus is to develop, build, and manage an employee arm of StreetLinks’ appraiser panel. This initiative is a top enterprise priority originated in an effort to adapt to an increasingly demanding industry where emphasis on top-rated customer service is paramount. Agarwal’s aim is to hire more than 100 appraisers by the end of 2016.Agarwal is a seasoned senior leader with a substantial record of excellent business acumen and delivering enterprise solutions in the financial services and technology industries. Prior to joining StreetLinks in the fourth quarter of 2015, Agarwal served as an Executive Director at JPMorgan Chase. Agarwal’s leadership and experience spans multiple consumer, technology, and corporate departments. His specialty and discipline are resolute with product development, operations, organizational change, vendor management, strategy planning, and execution. Agarwal brings more than 17 years’ experience to Assurant, Inc., with the last nine dedicated to the mortgage industry. StreetLinks Lender Solutions Hires VP of Operations and Quality Control Servicers Navigate the Post-Pandemic World 2 days ago Related Articleslast_img read more

BNY Mellon Sees Jump in Earnings for Q3

first_img Servicers Navigate the Post-Pandemic World 2 days ago During Q3 2017 Bank of New York Mellon Corporation (BNY Mellon) reported a net income of $983 million, or $0.94 per diluted common share. The bank is up year-over-year (in Q3 2016 the bank reported a net income of $974 million per diluted common share) as well as quarter-over-quarter (the bank reported $926 million in common net income in Q2 2017).In addition to a jump in earnings, during the third quarter the bank also saw a change in leadership, with newly appointed CEO Charles W. Scharf.”Since arriving in July, I have been spending time with clients, regulators, business leaders, and employees, listening and learning.  Based on what I have seen, I like our business model and what we do,” Scharf said. “While satisfied with our progress, our leadership team is not satisfied with our performance, as we see further opportunities to drive revenue growth and increase our efficiencies. We will do this while maintaining our strong capital position and continuing to deliver high returns to our shareholders.”Total revenue for the quarter showed a two percent year-over-year increase to $4.02 billion with BNY Mellon returning more than $900 million to shareholders through share repurchases and dividends. The bank had a $6 million provision for credit losses during this time.In terms of mortgage performance, as of September 20, 2017, BNY Mellon had $80 million in nonperforming residential mortgages, compared to $84 million the previous quarter and $91 million at the end of December 2016. Overall, nonperforming assets decreased by $6 million compared with June 20, 2017 and 13 million compared with December 31, 2016.”Our third quarter performance was consistent with our expectation and some areas showed reasonable growth, such as asset servicing, clearing services and investment management.  Other areas underperformed, such as depositary receipts, which also reduced foreign exchange trading revenue,” Scharf said.”Our third quarter performance was consistent with our expectation and some areas showed reasonable growth, such as asset servicing, clearing services and investment management.  Other areas underperformed, such as depositary receipts, which also reduced foreign exchange trading revenue,” he continued. BNY Mellon Sees Jump in Earnings for Q3 in Daily Dose, Featured, Journal Servicers Navigate the Post-Pandemic World 2 days ago Previous: Foreclosure Distress to Impact Political Views? Next: Paradatec Announces One-Day Blind Test for Mortgage Files Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post About Author: Staff Writer October 23, 2017 1,312 Views 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 The Best Markets For Residential Property Investors 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Bank of New York Mellon BNY of Mellon Charles W. Scharf Earnings Mortgage Performance Q3 third quarter 2017-10-23 Staff Writer Home / Daily Dose / BNY Mellon Sees Jump in Earnings for Q3 Related Articles Tagged with: Bank of New York Mellon BNY of Mellon Charles W. Scharf Earnings Mortgage Performance Q3 third quarter Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agolast_img read more

How AI Could Impact the Industry

first_img About Author: Staff Writer Related Articles The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago October 4, 2018 1,655 Views Servicers Navigate the Post-Pandemic World 2 days ago Share Save Home / Daily Dose / How AI Could Impact the Industry Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News Previous: Judge Denies Motion to Transfer in Lehman Indemnity Suit Next: Report Reveals Credit Tightening for Some Homebuyers Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago How AI Could Impact the Industry The Week Ahead: Nearing the Forbearance Exit 2 days ago AI artificial intelligence Fannie Mae Machine Learning 2018-10-04 Staff Writer The Best Markets For Residential Property Investors 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: AI artificial intelligence Fannie Mae Machine Learning To many in the mortgage industry, the rise of artificial intelligence and machine learning—or AI/ML technology—seems inevitable. In fact, other industries that manage large amounts of data, such as health care and transportation, have already begun adopting these digital technologies with relative success. In the spirit of the times, Fannie Mae has released a survey that gauges the rise of automation among lenders, as well as their overall attitude toward the technology.According to the survey’s results, a majority of lenders (60 percent) have some knowledge of AI/ML and its capabilities, though only a little more than a quarter (27 percent) have begun utilizing AI/ML specifically for their business. Among those who have, the majority are large and mid-sized institutions (42 and 40 percent, respectively), while 60 percent of smaller institutions have yet to tinker with the possibilities. Still, over half (58 percent) of all lenders surveyed by Fannie Mae anticipate the integration of AI/ML within the next few years. Most of those surveyed seem evenly split about the most promising aspects of the technology, with more than half arguing for improved efficiency while the other half put the focus on enhancing the borrower’s experience. Among those lenders who have begun adopting the technology, it has been used primarily to analyze submitted borrower forms in the origination or underwriting process, as well as for the auto-indexing documents and routing tasks among employees.Machine learning and AI also hold much promise for the servicing side of the business too, in the form of improved security tools and AI-driven customer service features such as voice-activated virtual assistants and chatbots to address customer questions. The Fannie Mae survey suggests that the biggest hurdle to the implementation of more AI/ML technology within the industry is existing business infrastructure, followed next by the costs and a general skepticism that the technology will prove more effective. Twenty percent of lenders lack the necessary skills to utilize the technology, which presumably would require additional training.Tracy Stephan, Director of Economic & Strategic Research with Fannie Mae, summarizes the survey’s results on their website here. Subscribelast_img read more

Warren Buffett Talks Wells Fargo

first_imgSubscribe  Print This Post Banking CEO Tim Sloan Warren Buffett Wells Fargo 2019-04-08 Seth Welborn Share Save Sign up for DS News Daily 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. Following Wells Fargo CEO Tim Sloan’s announcement of his retirement, Wells Fargo will be in need of a new CEO. In a recent interview with the Financial Times, Berkshire Hathaway CEO Warren Buffett stated that Wells Fargo should look outward in their search.“They just have to come from someplace (outside Wells) and they shouldn’t come from Wall Street. They probably shouldn’t come from JPMorgan or Goldman Sachs,” Buffett told the Financial Times.“There are plenty of good people to run it (from the Wall Street banks), but they are automatically going to draw the ire of a significant percentage of the Senate and the U.S. House of Representatives, and that’s just not smart,” Buffett stated.Allen Parker, Wells Fargo’s General Counsel, will serve as interim CEO and President while the bank searches for a long-term replacement.“In my time as CEO, I have focused on leading a process to address past issues and to rebuild trust for the future,” Sloan said in a statement. “We have made progress in many areas and, while there remains more work to be done, I am confident in our leadership team and optimistic about the future of Wells Fargo.” He added that his resignation came in part because “our ability to successfully move Wells Fargo forward from here will benefit from a new CEO and fresh perspectives. For this reason, I have decided it is best for the Company that I step aside and devote my efforts to supporting an effective transition.”Sloan had recently appeared before Congress himself, addressing the House Financial Services Committee to discuss the bank’s progress in providing reparations related to past scandals and how the bank is working to improve its culture and better serve its customers.The hearing stemmed back to 2016, when the Consumer Financial Protection Bureau (CFPB), Office of the Comptroller of the Currency (OCC), and Los Angeles City Attorney fined Wells Fargo Bank collective penalties of $185 million for opening millions of deposit and credit-card accounts in customers’ names without their consent or knowledge. The CFPB and OCC imposed the bank with civil money penalties and demanded restitution to harmed customers.In this month’s hearing, Sloan claimed the bank has worked toward a change in leadership, culture, and practices. He pointed out that Wells Fargo has created the required ethics training for all team members titled “Change for the Better.” He also added that he “cannot promise perfection” but suggested that the changes implemented will act as a deterrent to further issues. “We’ve made fundamental changes,” Sloan said. “I can give personal assurance the bank will comply with consent decrees.” Related Articles Home / Daily Dose / Warren Buffett Talks Wells Fargo Tagged with: Banking CEO Tim Sloan Warren Buffett Wells Fargo Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago April 8, 2019 1,342 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: How Costly Is the American Dream of Homeownership? Next: Walking the Tightrope of GSE Reform Warren Buffett Talks Wells Fargo in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

Fitch Reviews GSE Credit Risk During Forbearance

first_img credit Fannie Mae Freddie Mac 2020-05-21 Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Seth Welborn Previous: Five Star Academy Courses Free For the Next Month Next: Over 2.4 Million More Unemployment Claims in the Past Week Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Fitch Ratings has taken various rating actions on 61 total classes and related exchangeable notes from 15 GSE Credit Risk Sharing (CRT) transactions issued between 2013 and 2015 and one private label CRT transaction issued in 2018. Fitch has placed seven classes on Rating Watch Negative (and six related exchangeable notes).The transactions reviewed include eight Fannie Mae Connecticut Avenue Securities (CAS) transactions, seven Freddie Mac Structured Agency Credit Risk (STACR) transactions, and one PennyMac Credit Risk Transfer transaction. Payments on the notes are subject to the credit and principal payment risk of reference pools of certain prime agency residential mortgage loans held in various guaranteed MBS. All the transactions included in Fitch’s review follow a set fixed severity schedule for loans that experience a credit event. The loss severity (LS) applied is predetermined and based on the percentage of loans in the reference pool that have already been marked as credit events. Both Fannie Mae and Freddie Mac transitioned from issuing a fixed LS schedule to actual loss in 2015.The Rating Watch Negative and Outlook Negative actions reflect the large increase of loans on a forbearance plan due to the ongoing coronavirus pandemic. Borrowers on a forbearance plan are counted as delinquent until the missed payments are fully repaid or borrowers resume the monthly payment with the missed payments deferred as part of the resolution strategies announced by Fannie Mae and Freddie Mac.Four CAS and two STACR fixed severity transactions in this review do not contain language addressing the treatment of loans in forbearance as a result of the coronavirus or any natural disasters or casualty events. As a result, loans to borrowers who are on a forbearance plan due to the coronavirus pandemic will be recognized as a credit event once they are 180 days delinquent and cause write downs to the bonds. Transactions impacted by this treatment and placed on Rating Watch Negative include CAS 2013-C01, CAS 2014-C01, CAS 2014-C02, CAS 2014-C03, STACR 2013-DN2, STACR 2014-DN2. The Negative Watch reflects the additional credit events and permanent bond write downs expected due to the impact of the coronavirus pandemic.For CAS 2015-C01, CAS 2015-C02, CAS 2015-C03, and L Street Securities 2017-PM1 fixed severity transactions, a reference obligation that was in a forbearance period due to a casualty event (such as a natural disaster, fire or theft) at the time it became a credit event reference obligation will become a reversed credit event reference obligation if the reference obligation has a payment status reported as current at the conclusion of its forbearance period (or up to three months thereafter if necessary). While the reversal of credit events lessens the impact of affected borrowers, the bonds are at risk of permanent interest shortfalls since the interest paid will be calculated off of the written down bond balance until the reference pool and bonds are written back up. The Outlook for transactions impacted by this treatment were revised to Negative rather than placed on Negative Watch since the bonds are better protected from the coronavirus pandemic related forbearance from a principal perspective than the earlier CAS fixed severity transactions without any casualty event language.The later STACR fixed severity transactions STACR 2014-DN3, STACR 2014-DN4, STACR 2014-HQ1, STACR 2014-HQ2, STACR 2014-HQ3, STACR 2015-HQ2 contain provisions for loans on a forbearance plan as a result of natural disasters including the coronavirus. Affected borrowers have 18 months to bring a loan current before the loan is recognized as a credit event. Bonds in these transactions were all affirmed, and their Outlooks were unchanged. Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago May 21, 2020 1,692 Views Servicers Navigate the Post-Pandemic World 2 days agocenter_img Home / Daily Dose / Fitch Reviews GSE Credit Risk During Forbearance Demand Propels Home Prices Upward 2 days ago  Print This Post Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Fitch Reviews GSE Credit Risk During Forbearance 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 Tagged with: credit Fannie Mae Freddie Mac in Daily Dose, Featured, Foreclosure, News Subscribelast_img read more

DS5: Re-Evaluating the Mortgage Business

first_imgSubscribe Servicers Navigate the Post-Pandemic World 2 days ago June 18, 2020 1,429 Views In this episode of DS5: Inside the Industry, we speak to Raman Muralidharan, the Head of Mortgage for HSBC. He discusses how mortgage originators may re-evaluate business operations. Muralidharan also talks about how servicers can assist homeowners leaving forbearance plans.“We’ve been facing some unique challenges across the mortgage industry, as interest rates have come down a lot of customers have looked to the industry to help us help them in this time,” said Muralidharan.You can watch the full episode at the embed below or at the following link.  Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago DS5 Forbearance HOUSING 2020-06-18 Seth Welborn Home / Daily Dose / DS5: Re-Evaluating the Mortgage Business  Print This Post Previous: FHFA Releases Annual Update on Conservatorship and Securities Next: Mortgage Forbearances Down by 57,000 Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles About Author: Seth Welborncenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save 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. DS5: Re-Evaluating the Mortgage Business Tagged with: DS5 Forbearance HOUSING The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Foreclosure, Newslast_img read more

Winter Storms Contribute to Dearth of Housing Inventory

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago March 4, 2021 808 Views 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 Last month’s severe freeze that swept much of the country prevented many would-be listings from hitting the market, widening the housing-inventory dearth. Realtor.com reports the situation has pushed new listings to a record low, further behind pre-pandemic levels, from which it will be difficult to come back. At this rate, the researchers say, buyers will be in for a much more competitive homebuying season than last year.”Last month’s record cold and snowstorms likely caused sellers to hit pause, even if only temporarily,” said realtor.com Chief Economist Danielle Hale. “However, in today’s inventory-starved market, any setback is significant. Unless we see some big improvements in the new listings trends over the coming months buyers can expect stiff competition. And unlike last spring, buyers may also face affordability challenges as home prices and mortgage rates increase. Market dynamics continue to favor sellers.”Hale and Sr. Economic Research Analyst Sabrina Speianu say that, nationally, the inventory of homes for sale in February decreased by 48.6% over the past year, a higher rate of decline compared to the 42.6% drop in January.That is some 496,000 fewer homes for sale compared to February of last year, they noted.Newly listed homes declined further, by 24.5% year-over-year. In the third week of February—during the severe weather—new listings dropped by 35.2% year-over-year. They then reportedly recovered to 26.9% in February’s final week as conditions eased.”Approximately 207,000 fewer homes were newly listed for sale during the first two months of 2021, compared with the average for those two months over the last four years,” the authors noted. “New listings would need to increase by 25% year-over-year in March and April to bring the year-to-date figure back to April 2020’s levels.”Listed homes aren’t remaining on the market very long—the average home spent 70 days on the market this February, which is 11 days less than last year.The full report on realtor.com breaks down housing trends by region. 2021-03-04 Christina Hughes Babb Subscribe Home / Daily Dose / Winter Storms Contribute to Dearth of Housing Inventory The Week Ahead: Nearing the Forbearance Exit 2 days ago 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. Demand Propels Home Prices Upward 2 days ago Previous: Is it Time to Reevaluate Your Approach to Customer Service? Next: Credit Invisibility: A Barrier to Homeownership Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post in Daily Dose, Featured, Market Studies, News The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Christina Hughes Babb Winter Storms Contribute to Dearth of Housing Inventory Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Share Savelast_img read more

LYIT success in Sunday Times University List 2012

first_img Guidelines for reopening of hospitality sector published LYIT success in Sunday Times University List 2012 Facebook Facebook Pinterest Google+ Twitter Newsx Adverts RELATED ARTICLESMORE FROM AUTHOR By News Highland – September 24, 2011 Twitter NPHET ‘positive’ on easing restrictions – Donnelly center_img Pinterest Google+ Previous articleMissing tourist “blacked out” for four daysNext articleThousands expected in Bundoran for Eurosurf event News Highland WhatsApp 448 new cases of Covid 19 reported today Letterkenny Institute of Technology has been named as the runner up Irish Institute of Technology of the year.It came behind Dublin Institute of Technology in The Sunday Times University Guide 2012,The guide is one of the most read in the world and contains full lists of the major third-level institutions in Ireland and higher education institutions in the UK.Critiera for guide include the average number of leaving certificate points gained by new entrants, research income generated, graduate unemployment, student/staff ratios and the dropout rate. Three factors driving Donegal housing market – Robinson WhatsApp Calls for maternity restrictions to be lifted at LUH Help sought in search for missing 27 year old in Letterkenny last_img read more

300 years of Catholic parish registers go online

first_img NPHET ‘positive’ on easing restrictions – Donnelly News, Sport and Obituaries on Wednesday May 26th By admin – July 8, 2015 Pinterest RELATED ARTICLESMORE FROM AUTHOR WhatsApp Google+ Three factors driving Donegal housing market – Robinson The US Ambassador says the publication online of parish records from the 18th and 19th centuries will increase the number of Americans visiting Ireland.Over 370 thousand images of Catholic registers from the 1740s to the 1880s are now available online at nli-dot.ieIts the biggest ever digitisation project by the National Library of Ireland, which up to now held the microfilm in Dublin.Ambassador Kevin O Malley says it will provide a huge boost to those looking to trace their heritage;Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/07/omal3pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. 448 new cases of Covid 19 reported today Facebook Twittercenter_img Facebook Pinterest Previous articleCoroner refuses to extend Arlene Arkinson disclosure deadlineNext articleMcilroy withdraws from Open Championship admin 300 years of Catholic parish registers go online WhatsApp Homepage BannerNews Twitter Google+ Help sought in search for missing 27 year old in Letterkenny Nine Til Noon Show – Listen back to Wednesday’s Programmelast_img read more