Mortgage Insurer Compares FHA With Private Market at Congressional Hearing

first_img Tagged with: FHA House Financial Services Committee Private Morgage Insurers Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago FHA House Financial Services Committee Private Morgage Insurers 2015-02-27 Samantha Guzman Home / Daily Dose / Mortgage Insurer Compares FHA With Private Market at Congressional Hearing Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Samantha Guzman in Daily Dose, Featured, Government, News February 27, 2015 907 Views President and CEO of Genworth Mortgage Insurance and Chair of U.S. Mortgage Insurers Rohit Gupta testified on behalf of the Mortgage Insurance Industry (MI) at the House Financial Services Committee Housing and Insurance Subcommittee stressing the need for balance between the roles of the Federal Housing Administration and MI when to comes to taxpayers.Gupta focused his testimony on the recent decision to lower annual mortgage insurance premiums at FHA. Potential homeowners without the ability to make a 20 percent down payment currently have two options to gain the mortgage insurance necessary to obtain a mortgage: either from the government-backed FHA program, or from private mortgage insurance. Although these choices may seem similar from a public policy perspective, Gupta believes they are quite different, especially when it comes to the impact on taxpayers.”FHA and private MIs can and should serve as complementary forces that enable the FHA to remain focused on its fundamental mission of serving underserved markets,” he said.  “But for this model to work properly, it is critically important that the FHA not stray too far afield from that mission.”Thursday’s hearing, “The Future of Housing in America: Oversight of the Federal Housing Administration, Part II” followed a hearing on February 11 featuring Housing and Urban Development Secretary, Julian Castro, on the condition of the FHA Mutual Mortgage Insurance Fund. Gupta notes underwriting incentives, taxpayer incentives, and capital and oversight requirements are the key difference between the FHA and MI.If a loan defaults, FHA covers virtually 100 percent of loss, while MI covers first losses down to a stated coverage percentage. FHA’s policy may provide less incentive to ensure that loans are underwritten and serviced in a sensible and sustainable way, while MI’s policy may create a stronger incentive to better underwriting and good servicing, according to Gupta.He added MI private capital covered more than $44 billion in losses on loans sold to the GSEs since they entered conservatorship in 2008, losses that otherwise would have been shouldered by taxpayers, while FHA required $1.7 billion from U.S. taxpayers due to a capital shortfall after the financial the crisis.Currently, FHA capital reserve standards are lower than MI at 0.41 percent, also lower than the 2 percent requirement. MIs are required to be at a minimum risk to capital ratio of 4 percent, and all MIs are reporting risk to capital ratios at or above 5 percent, with these standards expected to rise at the end of the year.”The recent decision to lower annual mortgage insurance premiums at FHA has two immediate consequences,” Gupta said. “One it slows the trajectory of FHA attaining the 2 percent minimum capital requirement, and two, it limits the return of private capital to support U.S. housing finance.” Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Samantha Guzman is an award-winning visual journalist and graduate of the University of North Texas Mayborn School of Journalism. She specializes in visual storytelling and has skills in video, audio and photography, in addition to news writing. She has traveled to Mexico and Bosnia as an assistant for multiple multimedia projects and taught news writing, photojournalism, and narrative storytelling in the past. Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Consumer Sentiment Tumbles in February After Hitting 11-Year High in January Next: Fannie Mae’s Gross Mortgage Portfolio Experiences Rare Monthly Expansion Mortgage Insurer Compares FHA With Private Market at Congressional Hearing Subscribelast_img read more

CFPB Finds Support for Arbitration Clause Ban

first_img Demand Propels Home Prices Upward 2 days ago Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Related Articles  Print This Post Previous: The Modern Mortgage: From Pre-Crisis to Present Next: At Risk Homeowners Allege Discrimination The attorneys general from 18 states and the District of Columbia have written a letter to the Consumer Financial Protection Bureau (CFPB) urging the Bureau to adopt its proposal to limit the use of mandatory arbitration clauses by financial companies in business contracts with consumers.In May, the CFPB proposed a rule that would ban class action waivers in forced arbitration agreements for financial products and services, thus paving the way for consumers to file class action lawsuits against businesses they believe have harmed them financially.“Consumers must have reasonable access to courts when they have been wronged by their bank,” D.C. Attorney General Karl Racine said. “The ever-increasing use of binding arbitration agreements has severely reduced the ability of consumers to protect themselves by going to court. We are urging the CFPB to adopt these rules to provide much needed oversight and help retain consumers’ access to the justice system.”Racine, along with his counterparts in California, Massachusetts and New York, authored the letter, which was signed by AGs in 15 other states. The letter urges the CFPB to adopt its proposal to prevent the use of arbitration clauses that prohibit consumers from filing class action lawsuits. The proposal also requires companies that use arbitration clause to report the data concerning arbitration claim filings and rewards to the CFPB, which would enable the CFPB to better monitor and evaluate the effect of arbitration clauses on consumers.The CFPB’s proposal to ban arbitration clauses has not been without controversy. The House Subcommittee on Financial Institutions and Consumer Credit determined in a hearing in May that the CFPB’s proposed rule, if it passes, will result in higher costs to consumers and less access to financial products.Earlier in August, 65 House Democrats wrote a letter to CFPB Director Richard Cordray urging him to adopt the proposal to ban arbitration clauses.Click here to view the letter written by the attorneys general.Click here to view the CFPB’s mandatory arbitration release. Share Save CFPB 2016-08-16 Kendall Baer Home / Daily Dose / CFPB Finds Support for Arbitration Clause Ban Tagged with: CFPB Demand Propels Home Prices Upward 2 days ago CFPB Finds Support for Arbitration Clause Ban About Author: Kendall Baer The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago August 16, 2016 1,620 Views Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Freddie Mac Forecasts Housing Conditions Through 2019

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Freddie Mac has released its latest Outlook, breaking down the state of the housing market in April 2018 and examining where things are likely to head over the next few years. The Outlook forecasts continual gradual growth through Q4 2019, so long as construction continues to ramp up to help offset current constraints on available housing inventory.Freddie’s Outlook predicts that mortgage rates will wind up averaging 4.9 percent in Q4 2018 and 5.4 percent in Q4 2019, respectively. Freddie’s Outlook bases these predictions on the assumption that housing supply will continue to increase, whereas demand will cool slightly as mortgage rates rise. The Outlook also anticipates that the Fed will continue raising rates in order to combat inflation.Under these conditions, Freddie Mac anticipates that total home sales will increase from 6.12 million in 2017 to 6.3 million in 2018. For 2019, Freddie predicts total home sales to hit 6.44 million. “New home sales will drive the growth,” the Freddie Mac Outlook states. “The existing home sales market will likely remain flat under our baseline forecast. For existing home sales, the effect of stronger income growth and other demand-side factors will be roughly balanced by rising rates. New homes sales will drive growth as housing construction keeps grinding higher.”However, Freddie predicts that, while housing construction will continue increasing, it is unlikely to see much acceleration during those two years. “The existing home sales market has little room for growth with inventories so constrained,” the Outlook states. “Our baseline forecast has only modest increases in mortgage rates. As our historical analysis showed, rapid increases in rates typically dampen housing market activity significantly.”If rates for the 30-year fixed-rate mortgage increase above 5.5 percent, Freddie Mac’s Outlook predicts a decrease in home sales of around 10 percent relative to their baseline.To read the full Freddie Mac Outlook for April 2018, click here. Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share 1Save Tagged with: 30-year fixed-rate loans Construction Federal Reserve Freddie Mac freddie mac monthly outlook Home Sales Housing Inventory Mortgage Rates The Best Markets For Residential Property Investors 2 days ago About Author: David Wharton Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Freddie Mac Forecasts Housing Conditions Through 2019 Previous: Construction Starts Surged in March Next: The Two Factors Impeding Home Affordability 30-year fixed-rate loans Construction Federal Reserve Freddie Mac freddie mac monthly outlook Home Sales Housing Inventory Mortgage Rates 2018-04-23 David Wharton Subscribe April 23, 2018 14,506 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, Journal, Market Studies, News, Secondary Market  Print This Post Freddie Mac Forecasts Housing Conditions Through 2019last_img read more

Foreclosure Law and Attorney Fees

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Foreclosure Law van ness 2019-04-22 Seth Welborn The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Foreclosure, News April 22, 2019 1,751 Views Home / Daily Dose / Foreclosure Law and Attorney Fees In the event that the borrower prevails in a foreclosure case, servicers need to minimize their exposure to prevailing party attorney’s fees. One strategy is, if applicable, using the “standing” defense premised on the fact if the plaintiff did not have standing to foreclose, they cannot in turn use the mortgage agreement fee provision(s) against them.The above standing argument is developing and has been tested in a number of appellate actions, one of which had reached the Florida Supreme Court. At the district court of appeal level in Nationstar v. Glass, 219 So. 3d 896 (Fla. 4th DCA 2019), the court had agreed with the servicer and found that the borrower’s having prevailed on standing meant they was no privity of contract and they were estopped from claiming they were entitled to contractual attorney’s fees.The case went up to the Florida Supreme Court as Glass v. Nationstar Mortgage, LLC, Case No. SC17-1387 (Fla. Jan. 4, 2019). The Court reversed the district court of appeal reasoning that the contract may have been unenforceable as opposed to being nonexistent between the parties. This opinion led to a rush to distinguish the facts at issue in multiple trial and appellate cases throughout the state.However, the Florida Supreme Court had revisited its opinion. Today, April 18, 2019, the Florida Supreme Court announced that its opinion is withdrawn and a substitute opinion would stand in its place. That substitute opinion expresses the Court “initially accepted review of the decision of the Fourth District Court of Appeal in Nationstar Mortgage LLC v. Glass, 219 So. 3d 896 (Fla. 4th DCA 2017), based on express and direct conflict….” The Court then explains that, “Upon further consideration, we conclude that jurisdiction was improvidently granted.”Inasmuch as there was no conflict jurisdiction for the review, the Court dismissed the proceeding. Because the original opinion was substituted with a dismissal for lack of jurisdiction, there is no longer a Florida Supreme Court decision of the matter. The original district court opinion in Glass may once again be relied on as authority. Servicers should note that the arguments advanced by the Florida Supreme Court in its January opinion have not been found invalid; instead, the Court has provided that it should not have issued its opinion in this case. In the future, the Court may in fact find that it has jurisdiction to issue a substantially similar opinion, once again causing greater uncertainty with regard to fee liability. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago About Author: Van Ness Attorneys Share Save Servicers Navigate the Post-Pandemic World 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: How Home Insurance Premiums Are Weathering Natural Disasters Next: Northpointe Bank Appoints New SVP Van Ness Attorneys aka Van Ness Law Firm is a South Florida law firm located in Deerfield Beach and Miami with its roots representing the loan servicing industry handling Foreclosures, creditor-side bankruptcy, eviction and litigation. Anthony Van Ness Van Ness sits on the Legal League 100 Advisory Board and the law firm is also a certified minority owned business. The Best Markets For Residential Property Investors 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Foreclosure Law van ness Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Foreclosure Law and Attorney Fees Related Articles Sign up for DS News Daily last_img read more

CFPB’s Constitutionality at Stake

first_img Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / CFPB’s Constitutionality at Stake  Print This Post The U.S. Supreme Court has agreed to hear the appeal of a California law firm that argues the Consumer Financial Protection Bureau is unconstitutionally structured, positioning the justices to settle longstanding questions surrounding the legitimacy of the independent agency.The law firm, Seila Law, alleges that the structure of the agency grants too much power to its director. According to court papers, given the CFPB’s broad law enforcement powers, the fact that the president may only remove the director of the CFPB “for inefficiency, neglect of duty, or malfeasance in office” is unconstitutional. In May, the CFPB beat Seila Law before a panel of the 9th U.S. Circuit Court of Appeals.“Seila Law contends that an agency with the CFPB’s broad law-enforcement powers may not be headed by a single Director removable by the President only for cause. That argument is not without force,” Circuit Judge Paul Watford wrote for the court.CNBC reports that a decision in the case is likely by the end of June.Last year, in a split decision, a Washington appeals court has reversed a previous ruling, declaring the structure of the Consumer Financial Protection Bureau to be constitutional after all. The Court of Appeals for the District of Columbia Circuit ruled in January 2018 that the CFPB’s structure is constitutional and that the director of the agency can only be fired by the president for “inefficiency, neglect of duty, or malfeasance in office.”The court’s ruling read, in part, “None of the theories advanced by PHH supports its claim that the CFPB is different in kind from the other independent agencies and, in particular, traditional independent financial regulators.”On the subject of whether the CFPB director can be removed by the president without cause, the ruling read, “The CFPB’s authority is not of such character that removal protection of its Director necessarily interferes with the President’s Article II duty or prerogative. The CFPB is neither distinctive nor novel in any respect that calls its constitutionality into question. Because none of PHH’s challenges is grounded in constitutional precedent or principle, we uphold the agency’s structure.” CFPB’s Constitutionality at Stake Related Articles Share 1Save Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Previous: HUD’s Carson: Opportunity Zones Helping Foster Partnerships Next: Zombie Homes: The ‘Post-Housing Crisis Hangover’ Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago 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 Tagged with: CFPB in Daily Dose, Featured, Government, News The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago October 18, 2019 1,157 Views Sign up for DS News Daily CFPB 2019-10-18 Seth Welbornlast_img read more

Industry Impact: HUD to Address FHA Regulation

first_img  Print This Post Related Articles The Best Markets For Residential Property Investors 2 days ago Industry Impact: HUD to Address FHA Regulation Servicers Navigate the Post-Pandemic World 2 days ago Dr. Ben Carson, Secretary of the Department of Housing and Urban Development, revealed that the department will address FHA perimeters, which will impact how the False Claims Act is invoked, during a segment on CNBC’s Squawk Box. Carson cited the need for “depository lenders to come back” as a key reason for this change.“Almost 50% of the people who originated loans that were originated by FHA were depository banks. That number is down to less than 15% because of the way people fled. We really looked at that and said ‘what can we do to fix this?’”“We revised the annual eligibility certifications, the loan limit certifications, and the defect taxonomy so that we even out things,” Secretary Carson revealed.Carson added that the Department of Justice and HUD following the financial crisis began going after many of the banks engaged in wrong practices. In their pursuit, however, Carson said many banks left the market.“They were so vigorous in their pursuit of these individuals they did get a lot of money, but they basically drove them away because, in many cases, the banks had been involved in some very minor, non-material defect in the process and were slammed with enormous fines and suspension,” Carson said. Carson said that nondepository banks helped fill the gaps following the Great Recession, but HUD wants to expand the credit pool for low-to-moderate income people.“The major mechanism for building wealth in this country is home ownership and doing it in a responsible—that’s they key—and this is all look at in terms of sustainability,” Carson said. “Not only do we want to put people in homes, but we want them to stay in those homes so they can accumulate that wealth.” Ed DeMarco, President of the Housing Policy Center, said HUD’s announcement is a “very positive step” for the FHA, and helps the agency move to a “fair and transparent enforcement regime.”“This set of enhancements to FHA’s compliance policies demonstrates to the industry that the legal team at HUD appreciates the need for lenders to operate with confidence in the FHA program. We commend the Department for these changes,” said Tom Wind, Housing Policy Council Chairman and Mortgage Division President for U.S. Bank.SitusAMC Managing Director Tim Rood discussed with DS News the impetus behind the trend Secretary Carson pointed to. “The False Claims Act was used rather casually during the Obama administration to brutally punish lenders for what often amounted to simply manufacturing errors in connection with FHA insured mortgages. As a result, banks fled the FHA program despite enjoying federal insurance on their deposits. The lenders who continued offering FHA mortgages often made the business case for raising rates to build reserves for future enforcement actions—raising costs for borrowers,” Rood said.According to Holland and Knight, the Department of Justice recovered $2.8 billion in settlements during Fiscal Year 2018. “There are a lot of people talking about affordable housing but this is something that will actually make a difference,” Carson underscored, going on to say that, “This doesn’t mean we’re not going to vigorously pursue fraud and people who do things intentionally, but we’re not going to torment people about nonmaterial, ineffectual things.”Secretary Carson’s interest in the False Claims Act goes back to when he first assumed his position. In 2017, SecretaryCarson testified before a House Financial Services Committee, where he was asked by Rep. Dave Trott (R-Michigan) if HUD was going to address the improper use of the False Claims Act to impose penalties against lenders for “defense in loan origination files on FHA loans.” “We are already addressing that problem …. And we’re committed to getting that resolved,” Carson said.When discussing the possibility of streamlined loan certifications for FHA eligibility, FHA Commissioner Brian Montgomery told the Wall Street Journal in May that, “It would be a step in the right direction telling the whole world that these are the parameters you have to stay within. I think there was a little too much gray before, and I think people seized upon that gray area.”“This change represents a responsible streamlining of HUD’s approach to fraudulent claims,” said Ed Delgado, President and CEO, Five Star Global. “I applaud the leadership displayed by Secretary Carson on this matter and look forward to positive benefits for both the industry and the American homeowner.” in Daily Dose, Featured, Government, News About Author: Rachel Williams Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Home / Daily Dose / Industry Impact: HUD to Address FHA Regulation About Author: Seth Welborn About Author: Mike Albanese Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Rachel Williams attended Texas Christian University (TCU), where she graduated with Magna Cum Laude with a dual Bachelor of Arts in English and History. Williams is a member of Phi Beta Kappa, widely recognized as the nation’s most prestigious honor society. Subsequent to graduating from TCU, Williams joined the Five Star Institute as an editorial intern, advancing to staff writer, associate editor and is currently the editor in chief and head of corporate communications. She has over a decade of editorial experience with a primary focus on the U.S. residential mortgage industry and financial markets. Williams resides in Dallas, Texas with her husband. She can be reached at [email protected] Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Ben Carson Brian Montgomery Department of Justice False Claims Act FHA HOUSING HUD mortgage SitusAMC Tim Rood 2019-10-28 Mike Albanese Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago October 28, 2019 4,469 Views Tagged with: Ben Carson Brian Montgomery Department of Justice False Claims Act FHA HOUSING HUD mortgage SitusAMC Tim Rood Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: The Week Ahead: Update on Vacant Properties Next: Stock Market Rallies as Housing Beats Expectations Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

Investors See Record SFR Appreciation

first_imgSign up for DS News Daily Share Save About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Tagged with: Rent SFR Value Related Articles 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 The Week Ahead: Nearing the Forbearance Exit 2 days ago February 18, 2020 2,077 Views center_img Single-family rents grew by an average of 3% in 2019, driven in part by the lowest unemployment rate in over 50 years, according to the CoreLogic Single-Family Rent Index (SFRI), a measure of rent changes among single-family rental homes, including condominiums.“Strong economic growth and the lowest unemployment rate in over 50 years helped push single-family rents up by an average of 3% in 2019, which was the fastest rent appreciation since 2016,” CoreLogic said.According to the Index, rents on lower-priced rental homes increased 3.4% year over year and rents for higher-priced homes, defined as properties with rents more than 125% of the regional median rent, increased 2.5% year over year. Rents for lower-priced homes have been growing faster than for higher-priced homes since May 2014, though the difference in these two growth rates has narrowed over time.The index’s overall growth in December 2019 was propped up by low-end rentals, defined as properties with rents 75% or less of a region’s median rent. Rents on lower-priced rental homes increased 3.4% year over year and rents for higher-priced homes, defined as properties with rents more than 125% of the regional median rent, increased 2.5% year over year. Rents for lower-priced homes have been growing faster than for higher-priced homes since May 2014, though the difference in these two growth rates has narrowed over time.Phoenix had the highest year-over-year rent growth this December as it has since December 2018, with an increase of 6.7%, followed by Tucson (+5.7%) and Las Vegas (+5.1%). Honolulu had the lowest rent growth in December, increasing by 0.4% from the prior year. Orlando had the largest deceleration in rent growth in December, showing annual rent growth of 2.9 percentage points lower than in December 2018. Boston had the largest acceleration in rent growth in December, with rents increasing 2.4 percentage points faster than in December 2018. Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Investors See Record SFR Appreciation Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Investment, News Previous: Oakland Prohibits Questions About Criminal History on Rental Applications Next: One-on-One With the Leader of Service Mac Investors See Record SFR Appreciation 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. Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Rent SFR Value 2020-02-18 Seth Welbornlast_img read more

Gardai were not aware of threat to Andrew Allen’s life

first_img Twitter Three factors driving Donegal housing market – Robinson Pinterest RELATED ARTICLESMORE FROM AUTHOR News Facebook Twitter WhatsApp Gardai says they were not aware of any threat to the life of Andrew Allen, the Waterside man who was murdered in Buncrana on Thursday night.He died after up to three men shot through a bedroom window at his home fatally wounding him in the upper torso area.It is reported that the 24 year-old father of two fled Derry six months ago under threat of death from republican dissidents.Despite this, Garda Press Office Spokesperson John Gilligan said gardai locally had no knowledge that Mr Allen’s life was in danger:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/02/presat.mp3[/podcast] Facebook Gardai were not aware of threat to Andrew Allen’s life 448 new cases of Covid 19 reported today center_img Google+ WhatsApp NPHET ‘positive’ on easing restrictions – Donnelly Google+ Calls for maternity restrictions to be lifted at LUH By News Highland – February 11, 2012 Previous articleGarda press conference hears further Buncrana murder detailNext articleKevin Cassidy says his Donegal GAA career is over News Highland Help sought in search for missing 27 year old in Letterkenny Pinterest Guidelines for reopening of hospitality sector publishedlast_img read more

Foyle MLA knows of more cases were shooting victims have not been compensated

first_img Three factors driving Donegal housing market – Robinson Guidelines for reopening of hospitality sector published WhatsApp Pinterest Pinterest Google+ RELATED ARTICLESMORE FROM AUTHOR Previous articleChurch of Ireland minister attacked by group of youths in StrabaneNext articleDerry woman warned to stay away from bad influences News Highland Calls for maternity restrictions to be lifted at LUH A Foyle MLA says he is aware of more shooting victims in Derry who have been told they do not qualify for compensation.Earlier this week Paul Ward was told he was not entitled to a pay out because he did not co-operate with the police investigation.Mr Ward denies this and it is understood the police are supporting his claim.Sinn Fein’s Raymond McCartney says he knows of two more similar cases…..[podcast]http://www.highlandradio.com/wp-content/uploads/2012/09/raym1pm.mp3[/podcast] By News Highland – September 14, 2012 Almost 10,000 appointments cancelled in Saolta Hospital Group this week center_img Twitter Google+ Facebook Twitter WhatsApp Foyle MLA knows of more cases were shooting victims have not been compensated News LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Facebook Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

Neighbour describes how he found 96 year old victim of Aghilly robbery

first_img By News Highland – January 8, 2013 Previous articleGardai investigate spate of burglaries in Raphoe and ConvoyNext articleSoccer – Coleman Scores For Everton In Cup News Highland Google+ Guidelines for reopening of hospitality sector published Three factors driving Donegal housing market – Robinson Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitter Facebook Google+ WhatsApp WhatsAppcenter_img Facebook News Neighbour describes how he found 96 year old victim of Aghilly robbery Calls for maternity restrictions to be lifted at LUH The neighbour who was first on the scene after 96 year old Margaret Lilly’s was assaulted and robbed at the weekend says people in the area are now afraid to stay in their homes on their own.The attack has caused outrage in the Buncrana area, with one local businessman offering a 5,000 euro reward for anyone who can provide information – leading to the prosecution of the two men behind the attack on Friday night.A substantial amount of cash was taken.Robert Callahan is Greta’s neighbour – and was the first on the scene when she raised the alarm.He’s described how he found her when he got into the house………..[podcast]http://www.highlandradio.com/wp-content/uploads/2013/01/ahill1pm.mp3[/podcast] RELATED ARTICLESMORE FROM AUTHOR LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter Pinterest Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more