Bank of America Negotiating with Feds to End Investigations

first_img The Best Markets For Residential Property Investors 2 days ago Previous: Urban Institute: GSEs Underserve Weaker Credit Mortgage Applicants Next: Home Prices Moderate as Markets Stabilize Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Government, Headlines, News Sign up for DS News Daily Bank of America Negotiating with Feds to End Investigations Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago June 6, 2014 1,427 Views Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Bank of America is negotiating a settlement of at least $12 billion to end investigations into alleged misconduct related to toxic mortgages, according to media reports.Citing reports from “people familiar with the negotiations,” the Wall Street Journal reported late Thursday that the megabank has been working fervently over the week to come to an agreement with the Justice Department and put an end to speculation on the potential size of the settlement.Representatives for BofA and for the Justice Department declined to comment on the report.Though the final numbers remain unconfirmed, if true, the settlement would rival last year’s historic $13 billion paid by JPMorgan Chase to resolve similar allegations. It would also come only months after the bank agreed to pay nearly $6 billion to the Federal Housing Finance Agency.Analysts have closely watched legal dealings between major banks and the Justice Department, wondering if last year’s massive settlement with JPMorgan might be the start of a more aggressive course taken by the government in pursuing claims of wrongdoing by banks before the crisis.According to the Journal report, at least $5 billion of the total settlement is expected to go toward consumer relief efforts, including principal reductions, reduced monthly payments, and assistance in removing blight from hard-hit neighborhoods.However, with government negotiators reportedly pushing for a higher settlement amount, it remains to be seen where the final numbers may land—or if the Justice Department might resort to a lawsuit in the event the agreement falls through. Servicers Navigate the Post-Pandemic World 2 days ago Bank of America The Federal Government Toxic Mortgages 2014-06-06 Tory Barringer Tagged with: Bank of America The Federal Government Toxic Mortgages The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Bank of America Negotiating with Feds to End Investigations Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Subscribelast_img read more

DS News Webcast: Wednesday 5/6/2015

first_imgHome / Featured / DS News Webcast: Wednesday 5/6/2015 Related Articles Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago May 5, 2015 737 Views Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Previous: Morgan Stanley Says It Might Settle MBS Suit With Deutsche Bank for $292 Million Next: Congressman Plans to Introduce Bill to Stop Potential Pay Hike for GSE CEOs DS News Webcast: Wednesday 5/6/2015 Demand Propels Home Prices Upward 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 2015-05-05 Jordan Funderburk The Best Markets For Residential Property Investors 2 days ago About Author: Jordan Funderburk  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago in Featured, Media, Webcasts Freddie Mac’s net income for the first quarter of 2015 totaled 524 million dollars, nearly double the total of a profitable but somewhat slow fourth quarter, according to Freddie Mac’s Q1 2015 Financial Report released Tuesday morning. Derivative losses were largely responsible for dropping Freddie Mac’s net income by nearly $2 billion from Q3 to Q4 down to $227 million. Q1 marked the 14th consecutive quarter of profitability for Freddie Mac.Freddie Mac’s comprehensive income nearly tripled from the previous quarter, jumping from $251 million in Q4 up to $746 million in Q1. The increases in net and comprehensive income were primarily driven by the drop in derivative losses amid declining interest rates and a less-flattening yield curve in Q1. Also on Tuesday, Fannie Mae and Freddie Mac announced that their conservator, the FHFA, has authorized them to review the salaries of their respective CEOs, Timothy Mayopoulos and Donald Layton. Both CEOs made 600 thousand dollars each without bonuses in 2014.U.S. Senator Sheldon Whitehouse, a Democrat from Rhode Island, has announced legislation that would permanently protect servicemembers and their families from losing their homes to foreclosure. The bill, which Whitehouse introduced into the Senate on Thursday, April 30, would permanently extend a law that sets one year as the time a servicemember’s house is protected from foreclosure upon his or her return from active duty. Currently the law is set to expire on January 1, 2016. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

Kentucky Amends Foreclosure Sale Rules

first_img Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Kentucky Amends Foreclosure Sale Rules February 2, 2016 8,318 Views Previous: From Distressed to Success? Lawmakers Demand More Info from HUD Next: FHFA Allows for Third Parties to Solve Loan Repurchase Disputes Share Save foreclosure sales Kentucky 2016-02-02 Brian Honea Richard M. Nielson is the managing partner of Nielson & Sherry, PSC, and the Senior VP and Corporate Counsel for Agility Closing & Title Services, Inc. He is based out of the firm’s Louisville, Kentucky office. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Richard Nielson Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Sign up for DS News Daily center_img Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago By Richard NielsonIn an effort to create a more uniform process in judicial foreclosure sales, the Kentucky Administrative Office of the Courts has amended the Rules of Administrative Procedure that govern the role and duties of the master commissioners of the circuit court.The changes, effective as of January 1, 2016, and codified in Supreme Court of Kentucky Order 2015-25, apply to all cases and proceedings referred to the master commissioner of the circuit court. The master commissioner is a court-appointed officer whose responsibilities include conducting judicial sales of real property held to enforce judgments in mortgage foreclosure cases.Among the changes is the adoption of statewide time frames for sales. Except in cases where property is found to be vacant and abandoned, the master commissioner is now generally required to conduct the sale within 90 days of the court’s entry of the order of sale. In addition, successful purchasers are required to pay the full purchase price within 30 days of the sale. Lastly, the master commissioner’s report of sale must be filed no later than three business days after the sale. Historically, these time frames have varied widely from county to county.The amendments have also attempted to standardize some terms of judicial sales. With regard to the bidding process, at the time of sale the successful bidder is now required to either pay in full or make a deposit of 10 percent of the purchase price. If the purchase price is not paid in full, the successful bidder is now required to secure the unpaid balance of the purchase price by executing a bond, with sufficient surety, approved by the master commissioner prior to the sale.Foreclosure plaintiffs, whose judgments the judicial sales are held to enforce, may bid on credit up to their judgment amount in lieu of paying cash or posting a surety bond at the time of sale. However, to the extent a plaintiff’s bid exceeds its judgment amount, the plaintiff may be required to either tender the difference at the sale or execute a sale bond for the difference with sufficient surety at the sale. This portion of the amendment may be the most troubling for mortgage servicers.At this point it remains unclear what practical impact Kentucky’s new sale bond requirement will have on mortgage servicers who elect to bid at their own sales. The issue has caused some concern in at least one of Kentucky’s 120 counties. In Jefferson County—the jurisdiction where Kentucky’s biggest city, Louisville, is located—foreclosure plaintiffs are only permitted to seek, as part of their initial judgment, the unpaid principal balance remaining due on the subject loan, plus interest. Recovering additional fees, costs and expenses incurred in the servicing or enforcement of the subject loan requires obtaining a supplemental judgment, traditionally sought after the judicial sale is held.Because plaintiffs may now be required to execute sale bonds to secure payment of any bid amount that exceeds their judgment amount, those wanting to credit bid up to the total debt owed on their loans may be hamstrung by the timing of Jefferson County’s initial and supplemental judgment practice. Obtaining a bond with proper surety is generally a time consuming process that may necessitate more time than the Jefferson County Master Commissioner will allow. Our office is working with her office to try to remediate this risk to mortgage servicers. Because the rule is not entirely clear, other counties may interpret this amendment differently. We will monitor the situation closely and work with other master commissioners and the Administrative Office of the Courts to bring clarity to the issue.With regard to statutory pre-sale requirements, the amended rules refine the appraisal and advertisement processes.Before real property may be sold pursuant to a judgment and order of sale, its appraised value must be determined by two disinterested persons both of whom are actively engaged in – or who have at least one year of experience in – the field of real estate. The appraisal must be in writing, signed by the persons making it and filed in the circuit court record prior to sale. This change may prohibit the practice of at least one county that refused to provide court appraised values to the plaintiff prior to the foreclosure sale. Our firm will be working to ensure that this issue is standardized in all counties.Prior to the auction itself, the master commissioner must also see that the sale is advertised by publication at least once between seven and 21 days before the date of the sale. The advertisement must include the time, place and terms of the sale; a reference to the case number in which the applicable judgment and order of sale was entered; and a description of the property to be sold that includes only the street address (or a description of its location, if there is no street address) and the parcel or property identification number.While these amendments to advertising rules do much to standardize practice throughout all of Kentucky’ 120 counties, and may reduce advertising costs, because of the shortened timeframes, the amendments may create challenges for mortgage servicers in getting bidding instructions to their counsel on a timely basis. Our firm will be working with each of the master commissioners, and our clients, to ensure that adequate notice is provided.The revisions also aim at improving oversight and accountability of acting master commissioners. They allow for an audit of a master commissioner’s bookkeeping, accounting and procedural practice by the Chief Justice of the Supreme Court of Kentucky. If that audit uncovers evidence of recurring irregularities, the Chief Justice can now refer the master commissioner to the judges of the local circuit court for potential removal.For questions regarding these changes to Kentucky rules of practice, please contact Richard Nielson, Nielson & Sherry, PSC, at [email protected] Tagged with: foreclosure sales Kentucky Home / Featured / Kentucky Amends Foreclosure Sale Rules Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago in Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Subscribelast_img read more

How Did the Financial Crisis Change the Fed’s Role?

Previous: Jobs Report Sends Mixed Signals Next: First American Mortgage Solutions Announces New Acquisition Data Provider Black Knight to Acquire Top of Mind 2 days ago How Did the Financial Crisis Change the Fed’s Role? Home / Daily Dose / How Did the Financial Crisis Change the Fed’s Role? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Dodd-Frank Federal Reserve Financial Crisis New York Fed 2016-04-01 Brian Honea 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. in Daily Dose, Featured, Government, News April 1, 2016 4,023 Views Tagged with: Dodd-Frank Federal Reserve Financial Crisis New York Fed Related Articles About Author: Brian Honea Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Among the lessons learned from the 2008 financial crisis was that the regulatory community “did not fully grasp the vulnerability of the financial system” and that some of the largest financial institutions were not able to cope with the crisis without assistance—and that the problem spread quickly among institutions, according to Federal Reserve Bank of New York President and CEO William C. Dudley.Speaking at the Annual Meeting of the Virginia Association of Economists at the Virginia Military Institute in Lexington, Virginia, earlier this week, Dudley discussed some of the significant changes the Fed has made since the crisis on the way the central bank supervises financial institutions.“We have raised capital and liquidity requirements, put banks through annual stress tests, established the Large Institution Supervision Coordination Committee (LISCC) to enable us to evaluate the largest firms collectively and relative to one another, and set up the Office of Financial Stability to enable us to look at the financial system more holistically,” Dudley said. “Financial stability now receives the attention it deserves. For example, there are now regular briefings and discussions on financial stability at FOMC meetings.”Dudley noted that while the “extraordinary interventions” by the Fed on behalf of certain institutions were “warranted and within our authority” under the power granted to the central bank by the Section 13(3) of the Federal Reserve Act, he also said he suspects that the “scale and scope of these interventions went considerably further than envisioned by the public and Congress prior to the crisis.”As a result, the Dodd-Frank Act passed in 2010 narrowed the scope of Section 13(3) of the Federal Reserve Act to limit the Fed’s authority to extend credit through facilities with broad-based eligibility, and it also limit’s the Fed’s authority to extend credit to a single company, Dudley said.Bill Dudley, New York Fed President and CEOOn a larger scale, Dodd-Frank addressed the problem of “Too Big to Fail” by establishing a process to ensure that any financial firm could be resolved without threatening the financial system’s viability and putting the money of taxpayers at risk, Dudley said. Dodd-Frank also created the Financial Stability Oversight Council, which has the authority to designate institutions as “systemically important”; institutions designated as such are subject to tougher prudential standards and increased supervision by the Fed, according to Dudley.“The intent behind these measures is to reduce the likelihood of a failure of a large financial firm, and the consequence of such a failure for the financial system, should one occur,” Dudley said.Dudley also noted that the Fed has “not always been sufficiently transparent,” which Dodd-Frank addressed by establishing disclosure requirements for participation in Federal Reserve Facilities. Dudley said he also believes the Fed could have done more to explain the central bank’s motivation for its “extraordinary interventions.”“At times, while the motivations and objectives might have been obvious to us, they weren’t always as readily apparent to Congress or to the public,” Dudley said. “I think this created uncertainty about what we were trying to accomplish, and made it more difficult for outside observers to assess the appropriateness of our actions and our motives.”To address the transparency issue, after each FOMC meeting, the Committee issues a statement setting the current federal funds target range and explains the monetary policy decision. The Fed Chair holds four press conferences per year explaining the monetary policy decision while the Committee releases its Summary of Economic Projections (SEP), which provides forecasts by Committee members on key economic variables and the federal funds target rate for the next few years.“In addition, the FOMC participants give numerous speeches explaining their views on monetary policy and other issues, and the chair regularly testifies about monetary policy and the Federal Reserve’s other activities before Congress,” Dudley said. “Overall, I have found that this move towards greater transparency has held us in good stead.”Click here to view Dudley’s complete address. The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago read more

Mortgage Industry Springs into Action for Irma

first_img The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago hurricane harvey Hurricane Irma 2017-09-08 Brianna Gilpin Data Provider Black Knight to Acquire Top of Mind 2 days ago Mortgage Industry Springs into Action for Irma Related Articles Demand Propels Home Prices Upward 2 days ago Hurricane Irma, the biggest hurricane recorded in the Atlantic Basin, hit the Florida Keys Sunday morning leaving a path of destruction behind it.To combat storm damage, President Trump signed a $15.3 billion disaster relief package into law Friday that will suspend the U.S. borrowing limit and extend the National Flood Insurance Program through December 8, 2017.The House approved the package of bills Friday morning in a 316-90 vote in which The Federal Emergency Management Agency (FEMA) and Community Development Block Grant program will each receive $7.4 billion of the $15.3 billion. The remaining $450 million will support the Small Business Administration’s disaster loan program.The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and state bank regulators plan to assist financial institutions that are in the Irma affected areas. To help those institutions meet the financial services needs of their communities, they have provided guidelines for a number of services such as lending, investments, and temporary banking facilities.Additionally, Wells Fargo President and CEO Tim Sloan announced that the company is in the process of deploying Mobile Response Units to areas affected by Hurricane Harvey.“… Our thoughts are also with everyone now in the path of Hurricane Irma. Our teams on the ground and across the country are closely monitoring the new storm, and we will deliver the same payment, fee relief, and on-the-ground support to customers in impacted communities after Irma passes,” Sloan said.For those affected by Irma, Freddie Mac recommends to reach out to your mortgage company as soon as possible, register for disaster assistances at the federal (FEMA) and state levels, contact your insurance agents, and document to your home and belongings.To see details of the bill, including video coverage, click here.To see the guidelines for financial institutions, click here. Sign up for DS News Daily Previous: FSBO Sellers: Is it Worth it? Next: The People vs. Equifax September 8, 2017 1,761 Views Tagged with: hurricane harvey Hurricane Irma Home / Daily Dose / Mortgage Industry Springs into Action for Irma Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Brianna Gilpin 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] Servicers Navigate the Post-Pandemic World 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Shifting Powers on Capitol Hill

first_imgSubscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago Shifting Powers on Capitol Hill  Print This Post Tagged with: Apartment List BCFP Carrington Election Fannie Mae Federal Home Loan Banks FHFA Freddie Mac GSEs Homes HOUSING Legislation Novogradac America goes to vote on November 6, in a mid-term non-presidential election whose outcome is likely to impact the housing market in more ways than one—much of which will depend on who votes during this election, especially since early voting is already open.Demographics at PlayAccording to a new report on voter demographics by Apartment List, homeowners are more likely than renters to be voting eligible and historically speaking, the report revealed, even among eligible voters only 49 percent of renters cast a ballot in 2016 compared with 67 percent homeowners.“Renters represent a unique cross-section of the American population—the net worth of the median renter is just $5,200, compared to $231,400 for the median homeowner, and the minority share of renters is twice that of homeowners,” said Chris Salviati, Housing Economist at Apartment List and the author of the report. “A coalition of renters could swing elections for politicians offering a vision of inclusive economic hope for the millions of diverse renters struggling in today’s economy.”Whatever the demographic, it’s only the election results and how dramatic the shift in power will be in Washington as a result, that will determine the effect of this mid-term election on housing. “But there are three fairly obvious issues that will be affected one way or another,” Rick Sharga, EVP, Carrington Holdings told DS News. “The fate of the GSEs, the make-up of the BCFP, and affordable housing.”The first issue that Sharga mentions is one that the current administration has clear views about.The Fate of GSEsAfter a decade under the Federal Housing Finance Agency’s (FHFA’s) conservatorship, the current administration has indicated its intentions to end the conservatorship for Fannie Mae and Freddie Mac. In a recent memo Laura S. Wertheimer, Inspector General at the FHFA, identified four serious management and performance challenges that the agency faced in its role as a regulator and supervisor of the government-sponsored enterprises (GSEs). They included, the agency’s inability to improve oversight of both GSEs while strengthening internal review processes for non-delegated matters; upgrading supervision of the GSEs and Federal Home Loan Banks; oversight in cybersecurity, ensuring an effective information security system will protect the highly sensitive data gathered by the GSEs on borrowers; enhancing oversight over the GSEs’ relationship with counterparties and third parties.Recent reports also point to the fact that the idea of scaling back Fannie and Freddie without legislative approval is gaining traction, making the results of this mid-term election even more important in determining their fate moving forward.“It’s possible that the conservatorship will be unwound over the next year or two regardless of the midterm election outcomes, but if the Democrats take control of the House, they’ll look to build language into the agreement that provides funds for affordable housing, and offers expanded credit provisions for underserved borrowers–both of which Democrats included in the last bipartisan attempt to end the conservatorship a few years ago,” Sharga said. “The size, scope and specific roles of the two GSEs once out of the conservatorship could also vary wildly depending on whether the Republicans continue to control all three branches of government or the Democrats take back the House and/or Senate.”The stewardship of the Bureau of Consumer Financial Protection (BCFP) is another area that is likely to get affected by the election results. “Who replaces Director Mulvaney—and whether that new director will continue to take the Bureau in the same direction—will depend to a certain extent on which party controls the House and Senate. A more stridently conservative director, for example, is unlikely to be approved by a Democratic House,” Sharga said. He also said that while the BCFP was currently working in tandem with the mortgage industry by soliciting input from practitioners and creating an environment where qualified borrowers got a better chance to secure a loan, “a return to more of an “enforcement” mentality could cause the pendulum to swing back once again, and make it more difficult for borrowers to achieve their dreams of homeownership.”Legislation at StakeAffordable housing legislations are also at stake this election season, with the success of bills such as the Affordable Housing Credit Improvement Act, the New Markets Tax Credit (NMTC) Extension Act, the Historic Tax Credit (HTC) Enhancement Act, and others depending on who wins the House and Senate seats. According to a report by Michael Novogradac of Novogradac & Company LLP, “History suggests Democrats will gain seats in the House, although whether they will gain enough to take control is an open question–partly because the redrawing of Congressional maps after the 2010 census created a large number of safe districts for Republicans, reducing the number of swing districts.” The report, which looks at results where Democrats take one or both houses of Congress also projected the leadership changes that were likely in the House should that happen. “If the Democrats take either or both houses of Congress, significant legislation will need to be bipartisan to be enacted,” Novogradac wrote. “If the Republicans hold both houses, we may see another run at tax reform (perhaps making the temporary changes implemented in 2017 permanent) and other changes that might not be friendly to the tax credit community.”Nine months in, the Tax Cuts and Jobs Act of 2017 appears to have had an impact on home value growth. Some of the changes brought by the December 2017 Act were a $10,000 cap on total state and local tax (SALT) deduction, lower threshold for full mortgage interest deductions, and higher standard deductions for most filers. According to a report by Zillow, following the introduction of the Act, home growth appeared to have slowed particularly in areas with homeowners that historically used the SALT deduction, compared to areas with a lower percentage of homeowners who use the SALT deduction.Tax cuts, in fact, could be something that the Democrats might also look at, according to Robert Hockett, Edward Cornell Professor of Law at Cornell Law School, who recently spoke to Yahoo Finance about how the elections’ outcome could impact Tax Cuts. “The progressive wing of the party, which has all the momentum, is not as concerned about the deficits,” he said. “They would look to keep the corporate tax cuts (instead of repealing them), but also add tax cuts for the middle class and those who need it the most.”The Question of Affordable HousingSpeaking of the middle class, the outcome of this election is also likely to unlock around $6 billion for affordable housing in the Bay Area in California, which is one of the most expensive and competitive housing markets in the country. A recent report in The Mercury News said that during this election, California voters would be weighing in on two statewide bonds that could “fund tens of thousands of new homes in the Bay Area and beyond—potentially making a dent in the housing shortage.”However, a lot of this will depend on which party has the power to make these changes, since the Republicans and Democrats have widely different views and approach on the challenge of affordable housing and how to solve it.For example, the Republicans look at overcoming this challenge by expanding the use of HUD-designated Opportunity Zones, offering investors with tax incentives to invest money in areas that desperately need economic development. According to Sharga, the GOP also continues to look at ways to reduce “regulatory burdens that make it difficult for builders to build affordable homes–Fannie Mae estimates that regulatory and zoning requirements cost a builder $80,000 on average before breaking ground–although many of the regulations are at the state and local level.” On the other hand, Democrats have lobbied for more funding to help low-income families pay for housing. Citing a Pew Research Sharga said that 38 percent of renters paid more than 30 percent of their pre-tax income for rent, and 17 percent paid more than 50 percent. “Democrats have also proposed a variety of other programs to reduce housing costs, ranging from rent control to tax incentives for builders to build more affordable units, to having the government build millions of units across the country, or creating a pool of federal funds to reward states that build more housing stock,” Sharga said.For now, though, it’s time to keep your eyes peeled on Capitol Hill to see who wins the Battle of the Houses to chart the future course of the housing market. The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Top 20 REO Markets for Buyers and Sellers Next: Triggering Homeownership The Best Markets For Residential Property Investors 2 days ago About Author: Radhika Ojha 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 agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Apartment List BCFP Carrington Election Fannie Mae Federal Home Loan Banks FHFA Freddie Mac GSEs Homes HOUSING Legislation Novogradac 2018-10-30 Radhika Ojha 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. Home / Daily Dose / Shifting Powers on Capitol Hill Demand Propels Home Prices Upward 2 days ago October 30, 2018 1,895 Views in Daily Dose, Featured, Government, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Related Articleslast_img read more

Mc Conalogue says new GLAS scheme will exclude many commonage farmers

first_img Pinterest Google+ By News Highland – June 20, 2014 Twitter Previous articleDunlop to have fun in Donegal but will give the International Rally a real goNext articleDerry PSNI confirm a number of drug arrests in the city News Highland Facebook Guidelines for reopening of hospitality sector published WhatsApp News Calls for maternity restrictions to be lifted at LUH Twitter NPHET ‘positive’ on easing restrictions – Donnelly center_img Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Mc Conalogue says new GLAS scheme will exclude many commonage farmers RELATED ARTICLESMORE FROM AUTHOR Facebook Three factors driving Donegal housing market – Robinson WhatsApp The Dail has been told that the regulations governing commonage under the new GLAS scheme are prohibitive, and will prevent many farmers in Donegal from taking part.Yesterday morning, Deputy Mc Conalogue joined farmers from Donegal who were taking part in a national protest against the restrictions.Later, Deputy McConalogue raised the matter during Topical Issues, saying while GLAS is intended to be a replacement for REPS, there are differences which will exclude many farmers………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/06/charlie1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Google+last_img read more

Nurses to strike over ED overcrowding and working conditions

first_img Facebook Twitter Pinterest Nine Til Noon Show – Listen back to Wednesday’s Programme WhatsApp Three factors driving Donegal housing market – Robinson Twitter WhatsApp Nurses to strike over ED overcrowding and working conditions GAA decision not sitting well with Donegal – Mick McGrath Emergency Department nurses will begin strike action on December 15th.INMO members voted overwhelmingly in favour of industrial action up to and including strike.Local INMO Industrial Officer Maura Hickey says a rolling series of two hour strikes will take place to highlight overcrowding and working conditions in Emergency Departments……..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/11/maurainmo.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Google+center_img Guidelines for reopening of hospitality sector published Pinterest Previous articleHIQA to review acute hospitals as concern grows over bacterial resistanceNext articleMan appears in court over drug offences admin Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton RELATED ARTICLESMORE FROM AUTHOR By admin – November 24, 2015 Calls for maternity restrictions to be lifted at LUH Homepage BannerNews Google+last_img read more

Senior garda responds to passport controversy during Donegal visit

first_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp By News Highland – October 12, 2010 WhatsApp Facebook Dail hears questions over design, funding and operation of Mica redress scheme Facebook RELATED ARTICLESMORE FROM AUTHOR Need for issues with Mica redress scheme to be addressed raised in Seanad also Previous articleBoston trip will not be a junket – MayorNext articleCCTV cameras to be installed at litter blackspots News Highland Twitter 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report center_img Newsx Adverts Twitter Pinterest Minister for Foreign Affairs Micheál Martin has described the use of data from several Irish passports by members of a Russian spy ring uncovered in the US earlier this year as “disturbing”.Gardaí are investigating the use of the passports, including one belonging to a volunteer with an Irish charity which works with orphans in Russia.Garda Commissioner Fachtna Murphy said in Donegal yesterday that as many as six Irish passports may be involved.Mr Martin said the full details of the use of Irish passports had yet to be established. However, he said the revelations were a matter of concern.US investigators broke up the spy ring in June with the arrest of 10 people in New York, Boston, New Jersey and Virginia. All 10, who were later deported as part of a spy swap deal with Russia, admitted conspiring to act as unregistered foreign agents.Debbie Deegan, managing director of To Russia With Love, has confirmed that the Garda last week contacted a female volunteer with the charity to inform her that her passport had been compromised.In July, Eunan Gerard Doherty, from Carndonagh, was interviewed by Garda after it emerged his passport details were used by one of the 10 agents. Mr Doherty, a part-time fireman, had travelled to Russia on holiday in 2005. It is understood his wife Maureen has been told by Garda that her passport may also have been compromised.A Department of Foreign Affairs spokeswoman said investigations by the gardaí and the Passport Office were ongoing Senior garda responds to passport controversy during Donegal visit Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week Minister McConalogue says he is working to improve fishing quota Google+ Pinterestlast_img read more

Many in Donegal will relate to St Vincent de Paul survey findings

first_img Pinterest Minister McConalogue says he is working to improve fishing quota Newsx Adverts WhatsApp Pinterest Facebook RELATED ARTICLESMORE FROM AUTHOR Twitter Man arrested in Derry on suspicion of drugs and criminal property offences released Older people are becoming more isolated and lonely according to a new report from the St. Vincent de Paul.It says loneliness is the single biggest problem facing older people particularly those living in rural areas.It is blaming the closure of post offices and a lack of local transport.John Mark McCafferty of the St. Vincent de Paul says there are some things that can be done to help.”A couple of the big things that made a difference were the monitored alarms – security alarms for older people – known as Seniors Alert” he said.”They felt more secure, they felt reassurance, they felt there was someone they could speak to if they were feeling threatened or feeling that they needed someone to talk to”.”And also the importance of home-helps; the home-help service is a low-cost and highly effective service” he added. Twitter Google+center_img 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report WhatsApp Previous articleCourt told that Patsy Brogan will contest Sheebeen chargesNext articleTwo Derrymen barred from commercial aircraft pending flight disruption trial News Highland By News Highland – September 7, 2011 Need for issues with Mica redress scheme to be addressed raised in Seanad also Many in Donegal will relate to St Vincent de Paul survey findings Facebook Dail hears questions over design, funding and operation of Mica redress scheme Google+ Dail to vote later on extending emergency Covid powerslast_img read more