Month: May 2021


first_img Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea  Print This Post Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Keeping in line with the steadily increasing number of foreclosures in New Jersey, Atlantic City turned in the highest foreclosure rate in the nation among metropolitan areas with a population greater than 200,000 for November, according to RealtyTrac’s U.S. Foreclosure Market Report for November 2014 released Thursday.Fueled by a 230-percent year-over-year increase in foreclosure activity in November, the city known as “America’s playground” surged from the 25th position in October to the first position for highest foreclosure rate in November among metro areas, according to Realty Trac. Atlantic City posted one foreclosure filing (default notice, foreclosure start, or lender repossession) for every 289 residential housing units for November, an increase from one in every 601 in October. The national average foreclosure rate for November was one for every 1,170 housing units.Lender repossessions, or REO activity, skyrocketed by 264 percent year-over-year in Atlantic City in November, marking the 11th consecutive month with a year-over-year increase in REO activity, according to RealtyTrac.New Jersey has seen a year-over-year increase in foreclosure activity for 11 of the last 12 months, including a spike of 196 percent in November, according to RealtyTrac. The huge increase pushed the Garden State from ninth in October to second in November in foreclosure rate among states. In all, one in every 478 residential housing units had a foreclosure filing in New Jersey in November, RealtyTrac reported.”New Jersey is getting hit hard by foreclosures because many of the foreclosures were delayed by moratoriums and the mediation law,” RealtyTrac VP Daren Blomquist said. “Government intervention in the foreclosure process has slowed things down, and many of these delayed foreclosures are coming back with a vengeance. In Atlantic City on top of that is a faltering economic situation where many of the casinos have gone out of business and laid off workers in the last few months.”Blomquist said historically, job loss is the number one driver of foreclosures, though in the years since the housing bubble burst, foreclosures have been driven primarily by bad loans. In Atlantic City, bad loans, previous foreclosure delays, and job loss all came into play in November, resulting in the spike in foreclosures. Blomquist said foreclosure attorneys have reported a backlog of tens of thousands of properties in the foreclosure process in New Jersey, which means November’s increase could be just the beginning.”I think it’s going to get worse before it gets better in New Jersey because of all the delayed foreclosures,” Blomquist said.Meanwhile, in Miami, foreclosure activity tumbled by 22 percent year-over-year in November, dropping the “Magic City” from first down to second for highest foreclosure rate among metro areas, according to RealtyTrac. There was one foreclosure filing for every 394 residential housing units in Miami in November, RealtyTrac reported.”South Florida is in the fourth quarter with our distressed real estate,” said Mike Pappas, CEO and president of the Keyes Company, covering the South Florida market. “It is encouraging to see a 22 percent overall decline in our region.”Eight of the top 10 metro areas with the nation’s highest foreclosure rate in November were located in Florida and the other two were in New Jersey, according to RealtyTrac. Following Atlantic City and Miami on the list were Jacksonville, Florida (third with one foreclosure filing for every 395 residential housing units); Palm Bay-Melbourne-Titusville, Florida (fourth, 1:399); Orlando, Florida (fifth, 1:408); Pensacola, Florida (sixth, 1:428); Tampa, Florida (seventh, 1:432); Trenton, New Jersey (eighth, 1:456); Lakeland, Florida (ninth, 1:461); and Ocala, Florida (10th, 1:489). Previous: Survey: Nearly 70 Percent of Industry Professionals See Lower Down Payment As Positive Next: Treasury Recovers Another $22 Million in TARP Investments Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Atlantic City Leaps from 25th to First Among Metro Areas for Highest Foreclosure Rate 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. Tagged with: Atlantic City foreclosure rate New Jersey RealtyTrac December 11, 2014 939 Views Subscribecenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Atlantic City foreclosure rate New Jersey RealtyTrac 2014-12-11 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Foreclosure, News Home / Daily Dose / Atlantic City Leaps from 25th to First Among Metro Areas for Highest Foreclosure Rate Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days agolast_img read more


first_imgHome / Daily Dose / Tear-Down Starts Boast Year-Over-Year Increase The Best Markets For Residential Property Investors 2 days ago Related Articles in Daily Dose, Featured, Headlines, News Tear-Down Starts Boast Year-Over-Year Increase Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily HMI NAHB National Association of Home Builders Single-family homes starts Wells Fargo 2017-06-19 Staff Writer June 19, 2017 1,146 Views The National Association of Home Builders (NAHB) released their estimate of single-family tear-down starts in 2016 on Monday, and calculated that the number has increased from 2015’s average of 7.7 percent to 10.6 percent. A tear-down start is defined by a home that was built on land that was once previously the sight of another structure. The estimate operates under the assumption that builders would find evidence of a previous structure when they go to erect a new one. The NAHB uses the NAHB/Wells Fargo Housing Market Index (HMI) as a base and sends the survey to a panel of single-family builders located across the country to collect the information. The estimate is based on a weighted percentage to arrive at the total amount of single-family tear-down starts. Of the single-family builders polled, 69 percent—the largest group—said that 0 percent of their starts were located on a site that had a previous structure on it, compared to 2015’s total of 51 percent. 10 percent polled said the number of single-family starts ranged between 1 percent and 10 percent; 12 percent said the starts for the year ranged between 11 percent and 30 percent. Only 2 percent said their starts were at a tear-down location between 31 percent and 60 percent of the time, as well as 61 percent to 99 percent of the time. Five percent of those polled said 100 percent of their single-family starts were located on land that was once home to another structure. Based on the 10.2 percent weighted percentage, the NAHB estimates that an approximate total of 79,300 starts were at a tear-down site out of 781,000 total single-family starts reported by the U.S. Census Bureau. Out of those 79,300 single-family starts, 33,400 were located in the west region—as divided and defined by the Census principle regions. The midwest was home to 12,300 tear-down starts; the south 23,800; and the northeast 9,800. While these figures are only estimates, the NAHB reports that the increase in tear-down starts in indicative of the continued recovery of the single-family housing market. About Author: Staff Writer Previous: Purdy Selects FotoNotes as Technology Solution Next: Proceed With Caution: Existing Home Sales and Economic Growth Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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 Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: HMI NAHB National Association of Home Builders Single-family homes starts Wells Fargolast_img read more


first_img Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Investment, News Tagged with: Austria Capitalists Europe Homeowners Investors Rent Renters U.S. Wealth Owning a home and renting it out is the best way to climb up the wealth pyramid especially in the U.S. A recent working paper by Pirmin Fessler and Martin Schürz at the Austrian Central Bank, Oesterreichischche National Bank (ONB),  broke down the U.S. wealth survey to compare wealth between the U.S. and countries in the Eurozone. The study which gave insights into the classification of households based on decisive functions of their wealth holdings found that social structures concerning wealth could be characterized by renters, homeowners, and capitalists.According to this study, the reason capitalists were generally in the top percentile of the wealth pyramid was because of their ability to not only own their home but “additionally rent out further real estate and/or have self-employed business wealth.” While renters mainly had wealth for precautionary reasons, the paper said that homeowners also used their wealth to live in “by means of owner occupation and therefore generate non-cash income from their wealth.”Looking at the U.S. housing market, in particular, the study found that while the share of renters was 35 percent, homeowners formed the biggest chunk at 50 percent. Despite the share of capitalists/homeowners who rented their properties being only 15 percent, the study revealed that renters were mostly found in the lower half of the wealth distribution, owners mostly in the upper-middle part and capitalists dominantly in the very upper part.In both, the United States and the Euro area, the study found that only a few capitalists were found to be in the lower part of the wealth distribution. Conversely, only a few renters were found in the upper part of the wealth distribution.Analyzing the wealth distribution among these four groups, the study found that the form of income played a major role in defining these social classes. It also revealed that capitalists in all the countries in the study had an overproportional share in income and wealth, while renters across all these countries had an under-proportional share of income and wealth. In fact, renters in the U.S. had the smallest income ratios at 0.47, while the capitalists and landlords had the highest at 2.5. When compared with Europe however, capitalists in the U.S. were beaten by their counterparts in Austria who had an income ratio of 4.7.The study also found rather large differences in country patterns as far as wealth distribution was concerned among these three groups. “Wealth distances between renters and capitalists are largest in Austria, the United States, Germany and Luxembourg, but with regard to the income they are among the smallest in Austria, Germany, and Luxembourg whereas by far the largest in the United States,” the study revealed. Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. The Best Markets For Residential Property Investors 2 days ago Share 1Save Demand Propels Home Prices Upward 2 days ago Previous: The Equality Affirmation Next: Top 10 Cities for Veterans About Author: Radhika Ojha November 5, 2018 2,894 Views Austria Capitalists Europe Homeowners Investors Rent Renters U.S. Wealth 2018-11-05 Radhika Ojha  Print This Postcenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily 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 Subscribe It Pays to Be a Landlord Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / It Pays to Be a Landlordlast_img read more


first_img Share Save Tagged with: CoreLogic Home Home Sales HOUSING Towards a New Normal  Print This Post Home / Daily Dose / Towards a New Normal The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago How do we know that the housing recovery that began in 2012 is complete? According to an analysis by CoreLogic, while home prices and delinquencies have both returned to their pre-crisis levels, home sales have shown signs of lagging. In this video, Molly Boesel, Principal Economist, Office of the Chief Economist at CoreLogic explains why one needs to look at the whole picture rather than just home sales to understand if we might be seeing the start of a new normal, where it is expected that home sales would be around a million fewer than what they were in 2000. Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, Media, News Related Articles Demand Propels Home Prices Upward 2 days ago Previous: The Big Deal About a Slowdown Next: Catastrophe in California Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe CoreLogic Home Home Sales HOUSING 2018-11-12 Radhika Ojha The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Radhika Ojha November 12, 2018 1,338 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Demand Propels Home Prices Upward 2 days agolast_img read more


first_imgHome / Daily Dose / Recognizing the Mortgage Industry’s Women Leaders The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News Tagged with: Five Star Conference Five Star Global Five Star Institute HOUSING Keystone Awards mortgage MReport Women Leaders Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Five Star Conference Five Star Global Five Star Institute HOUSING Keystone Awards mortgage MReport Women Leaders 2019-04-01 Radhika Ojha Subscribe April 1, 2019 2,345 Views Related Articles Previous: Berkadia Adds Three Directors to Mortgage Banking Team Next: The Tappable Equity Slidecenter_img  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: 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. The Week Ahead: Nearing the Forbearance Exit 2 days ago Recognizing the Mortgage Industry’s Women Leaders Data Provider Black Knight to Acquire Top of Mind 2 days ago On April 1, the Five Star Conference opened the nominations for the second annual Keystone Awards, which recognize the achievements of the women leaders who are shaping the housing and mortgage industries. The nomination period, which runs through June 3, allows for industry professionals to honor their women colleagues and associates with consideration for these prestigious awards. The finalists will be announced in the September issue of MReport, and the award recipients will then be announced at the 2019 Women in Housing Leadership Awards Banquet, hosted during the 16th Five Star Conference and Expo, happening September 23–25 at the Hyatt Regency in Dallas, Texas. The recipients will also be featured in the October issue of MReport.“The Keystones honor the contributions of women who exemplify characteristics that strengthen and support the industry through their leadership,” said Ed Delgado, President and CEO of Five Star Global. “These leaders are mentoring and shaping the careers of professionals and driving progress for the mortgage industry.”“We are excited to announce the second annual Keystone Awards that recognize women whose efforts have had a powerful and positive impact on the industry,” said Rachel Williams, Editor-in-Chief of Publications at the Five Star Institute. “I look forward to many industry professionals nominating their women colleagues and associates for this honor and covering both the nominees and award recipients in the pages of MReport magazine.”Colleagues can nominate their peers in the following categories for this year’s Keystones:Rising Business Leader: The award recognizes young women leaders who, while still early in their careers, have demonstrated an outstanding capability to lead and drive progress. Courtney Thompson, Director, Default Oversight and Operations, Flagstar Bank, received the Keystone in this category in 2018.Cultural Leader: This category honors industry leaders who have successfully fostered forward-thinking company cultures and workplaces (minimum of 10 years’ consecutive industry experience). Charmaine Brown, Diversity Director, Office of Diversity and Inclusion, Fannie Mae, took home the Cultural Leader Award in 2018.Community Leadership: The award acknowledges individuals who displayed tremendous leadership and cooperation in local communities (minimum of 10 years’ consecutive industry experience). Miriam Moore, Division President, ServiceLink, received the Keystone for this category last year.Diversity & Inclusion: This category celebrates those who have successfully broken barriers and helped lead the charge in developing a diverse workplace culture (minimum of 10 years’ consecutive industry experience). Last year’s Keystone recipient of the Diversity and Inclusion Award was Susan Somersille Johnson, CMO, SunTrust.The Laurie A. Maggiano Legacy Award: The award recognizes women whose accomplishments have left an indelible impact on the industry and positively influenced homeownership nationwide (minimum 20 years’ consecutive industry experience). Marcia Davies, COO, Mortgage Bankers Association, received this award in 2018.Do you know a woman leader worthy of recognition? Click here to submit your nominations. Demand Propels Home Prices Upward 2 days agolast_img read more


first_imgDespite recent opposition from the House Financial Services Committee, Comptroller of the Currency Joseph Otting released a statement saying his office will move forward with an overhaul of the Community Reinvestment Act (CRA). “It is our intention to craft a final rule that will encourage banks to lend and invest more in the communities they serve, including low- and moderate-income neighborhoods,” Otting said. Otting continued, saying the Office of the Comptroller of the Currency (OCC) seeks to increase support to distressed areas. He added that modernizing CRA regulations would require OCC-regulated banks to conduct and hold on their balance sheet of $500 billion to meet minimum requirements and up to $1 trillion to meet outstanding requirements and CRA qualified investments and loans. “Modernization would bring valuable additional resources to communities across America that are currently underserved by the current regime and provide greater transparency to help ensure those dollars serve the communities they were intended to help,” he said. Otting added, “Further delay would only prevent these valuable resources from reaching those who need them most in this time of national emergency.”Maxine Waters, Chair of the House Financial Services Committee, previously sent a letter to Otting and Jelena McWilliams, Chairman of the Federal Deposit Insurance Corporation, urging them to prioritize a strong response to the COVID-19 pandemic and suspend efforts to revise the Community Reinvestment Act (CRA) and any “unrelated rulemakings.”“At a time when regulators should be working together to appropriately respond to this growing pandemic and keep our banking system safe and sound, unrelated rulemaking should be put on hold for the time being,” the lawmakers wrote. “To that end, we urge you to delay any unrelated rulemakings, including the Notice of Proposed Rulemaking (NPRM) with respect to the CRA, during the ongoing crisis. After the crisis passes, we urge your agencies to work with the Federal Reserve to develop a new, joint NPRM that is consistent with the purpose of the Community Reinvestment Act.”Waters and members of the Committee voiced their displeasure with proposed changes to the CRA during a hearing in January. “Under Comptroller [Joseph] Otting, the Community Reinvestment Act would become the Community Disinvestment Act. Such a radical change to the CRA demands a heightened level of public scrutiny,” Waters said. Waters said that proposed changes to the CRA by the OCC would lead to “widespread bank disinvestment from low and moderate communities.” She added the changes set forth by Otting would allow banks to receive a passing grade by doing the bare minimum.  The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Community Reinvestment Act OCC< Office of the Comptroller of the Currency Share Save Community Reinvestment Act OCC< Office of the Comptroller of the Currency 2020-04-10 Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Mike Albanese April 10, 2020 1,631 Views in Daily Dose, Featured, Government, News Previous: Don Layton on Pandemic Challenges to Mortgage Servicing Next: St. Louis Fed Economist on Recession Threat, Housing Related Articles Home / Daily Dose / OCC Intends to Move Forward With CRA Changescenter_img Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago OCC Intends to Move Forward With CRA Changes Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Subscribelast_img read more


first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 1 day ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News June 5, 2020 3,725 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago 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. Home / Daily Dose / Housing, Economy Turning Corner Amidst COVID-19 Servicers Navigate the Post-Pandemic World 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Related Articles Demand Propels Home Prices Upward 1 day agocenter_img Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Housing, Economy Turning Corner Amidst COVID-19 The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Forbearances Experience First Drop Since Crisis Began Next: Individual Investors Dominate Rental Market The U.S. economy added 2.5 million jobs in May and the unemployment rate declined to 13.3% from the prior report’s 14.7%, according to the Bureau of Labor Statistics. Also, the number of unemployed people fell by 2.1 million to 21 million. The unemployment rates decline in May for adult men to 11.6%, adult women (13.9%), Whites (12.4%), African Americans (16.8%), and Hispanics (17.6%). Construction employment rose by 464,000 in May—gaining back almost half of April’s decline (-995,000). Much of this gain was attributed to specialty trade contractors, with the increase split between the residential and nonresidential components. Realtor.com’s Chief Economist Danielle Hale said the share of works who expect to return to work within six months remains higher than normal, but “that’s one of the few bright spots in an otherwise dismal report.” “Even workers expecting only a short disruption in income likely cut back on spending and dipped into savings to make ends meet. Unemployment benefits, which are currently more generous than usual, will help, but major purchases such as cars and homes may be delayed for some buyers until they feel like the jobs market is back to normal,” Hale said. “The longer the disruption in the labor market, the longer consumers may have to wait on making major purchases such as cars and homes.”First American’s Deputy Chief Economist Odeta Kushi said that the housing market was directly hit in last month’s jobs report, as residential construction jobs fell to their lowest level since 2016, but have turned the corner in May. She said residential construction increased by 9.2% in May—just 3.6% below May 2019’s data. “The housing market is helping the economy in recovering from the recession—a role it has traditionally played in previous economic recoveries,” she said. “Homebuilder confidence increased in May after April’s record-breaking decline, as builders responded to low mortgage rates and a continued rise in purchase applications, signs home buyers are back in the market to buy.”Kushi added that in April, pandemic-related pressure drove the supply of homes for sales to its lowest April levels ever recorded. “Even in the years prior to the pandemic, the lack of housing supply for sale was a significant headwind to the housing market. Today’s report is not only a signal that the broader labor market has started to rebound but a bright spot for a housing market in desperate need of more supply. More hammers, more homes,” she said. Robert Dietz, Chief Economist for the National Association of Homebuilders (NAHB) said on Twitter that in May, home builders and remodelers added 226,000 jobs as housing data recovers. “Measured against a year ago, home builder and remodeler employment are lower by just 148,400 in May after a revised 422,200 job April loss for the sector,” Dietz said. “This is a strikingly strong turnaround, although the sector employment count remains lower.” Tagged with: housing market 2020 Residential Construction Unemployment About Author: Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago housing market 2020 Residential Construction Unemployment 2020-06-05 Mike Albanese Subscribelast_img read more


first_imgHome / Daily Dose / FHFA Updates Collection of Mortgage-Acquisition Data September 23, 2020 886 Views The Best Markets For Residential Property Investors 2 days ago 2020-09-23 Christina Hughes Babb Related Articles FHFA Updates Collection of Mortgage-Acquisition Data The Federal Housing Finance Agency (FHFA) has revised the datasets for the Public Use Databases​ (PUDBs) of single-family and multifamily mortgage acquisitions by Fannie Mae and Freddie Mac.The revisions include newly available 2019 data and final versions of data for 2018. This includes 25 new data elements for the 2018 and 2019 Single-Family Census Tract files, which provide statistics on the loan-to-value ratio of properties and the debt-to-income ratio of borrowers.Also being added are 21 new data elements in the Multifamily Census Tract files, including the number of units in the property. The additions to the Single-Family and Multifamily Census Tract files feature geographic indicators to enhance the government-sponsored enterprises’ Duty to Serve Program.These additions will replace the interim files uploaded in September 2019.According to the FHFA, the revised PUDBs also feature “additional loan-level data that increases their alignment with information reported under the Home Mortgage Disclosure Act.” This additional data is designed to bring greater transparency to understanding Fannie Mae and Freddie Mac’s impact on local economies will offering more information to the public about their roles within the secondary mortgage market.“FHFA is pleased to release the new and revised Enterprise PUDB files,” said Lynn Fisher, Deputy Director of the Division of Research and Statistics. “The PUDB provides stakeholders in the housing and mortgage sectors with critical data concerning the Enterprises’ acquisition of mortgages nationwide and at the local level.”The datasets are available at fhfa.gov/DataTools/Downloads/Pages/Public-Use-Databases.aspx​. The FHFA also maintains the datasets for prior years.​ Phil Hall is a former United Nations-based reporter for Fairchild Broadcast News, the author of nine books, the host of the award-winning SoundCloud podcast “The Online Movie Show,” co-host of the award-winning WAPJ-FM talk show “Nutmeg Chatter” and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill’s Congress Blog and Profit Confidential. His real estate finance writing has been published in the ABA Banking Journal, Secondary Marketing Executive, Servicing Management, MortgageOrb, Progress in Lending, National Mortgage Professional, Mortgage Professional America, Canadian Mortgage Professional, Mortgage Professional News, Mortgage Broker News and HousingWire. About Author: Phil Hall in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago Previous: Zillow Will Use In-House Agents for iBuying Next: Serious Mortgage Delinquency Rates on the Rise Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Subscribelast_img read more


first_img By News Highland – June 15, 2011 LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter Pinterest WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Google+ Donegal software company to create up to 15 new jobs WhatsApp Need for issues with Mica redress scheme to be addressed raised in Seanad also RELATED ARTICLESMORE FROM AUTHORcenter_img News Previous articleGarda fears trial will not go ahead because of tech problems at Letterkenny CourtNext articleOverspill at Letterkenny General Hospital today again News Highland Pinterest Google+ Facebook Twitter Dail hears questions over design, funding and operation of Mica redress scheme A Donegal software company based at the CoLab centre at Letterkenny Institute of Technology has announced plans to recruit a number of additional positions over the next 12 – 18 months.N-volve, which develops training software to meet the needs of compliance in the food industry will employ up to 15 more people as it prepares to go into the UK market in a joint venture with Staffline Group PLC.The new Joint Venture will trade under the name Group Learner Ltd and will be primarily focused on the Food Industry in Ireland and the UK.CEO of N-volve, Barry Harper, said the company will be recruiting for some of the postions straight away…[podcast]http://www.highlandradio.com/wp-content/uploads/2011/06/bhar1pm.mp3[/podcast] 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Minister McConalogue says he is working to improve fishing quota last_img read more


first_imgNews WhatsApp RELATED ARTICLESMORE FROM AUTHOR Watch: The Nine Til Noon Show LIVE Twitter By News Highland – April 16, 2013 Google+ Google+ Dail hears questions over design, funding and operation of Mica redress scheme Pinterest Twitter Facebookcenter_img Police have declared a security alert in Blucher Street, Derry as a hoax.Army experts were been called in to assess a suspicious object.A number of houses were evacuated and Blucher Street was closed to traffic.Residents have now been allowed back into their homes and all traffic restrictions lifted. Previous articleVEC chief asks Dept of Education to extend recognition of Buncrana schoolNext articleCllr Alcorn calls for Local Improvement Scheme to be fully restored News Highland WhatsApp Dail to vote later on extending emergency Covid powers Security alert in Derry over – suspicious object declared a hoax Facebook Man arrested in Derry on suspicion of drugs and criminal property offences released Pinterest HSE warns of ‘widespread cancellations’ of appointments next week PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegallast_img read more