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Month: May 2021

Seriously Underwater Properties Fall to Lowest Level in Two Years

first_img Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Seriously Underwater Properties Fall to Lowest Level in Two Years Subscribe The Best Markets For Residential Property Investors 2 days ago 9.1 million U.S. residential properties were seriously underwater in the first quarter of 2014, according to RealtyTrac’s U.S. Home Equity & Underwater Report. Seriously underwater properties, which are homes where the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market value, represented 17 percent of all properties with a mortgage.Underwater properties in Q1 2014 decreased to the lowest level since RealtyTrac began reporting data in Q1 2012, and decreased from the previous quarter, Q4 2013, when 9.3 million properties were underwater.”U.S. homeowners are continuing to recover equity lost during the Great Recession, but the pace of that recovering equity slowed in the first quarter, corresponding to slowing home price appreciation,” said Daren Blomquist, VP at RealtyTrac. “Slower price appreciation means the 9 million homeowners seriously underwater could still have a long road back to positive equity.”Properties with positive equity increased, reflecting further positive shifts in the housing landscape.”The universe of equity-rich properties—those with at least 50 percent equity—grew to 9.9 million representing 19 percent of all properties with a mortgage in the first quarter, up from 9.1 million representing 18 percent of all properties with a mortgage in the fourth quarter of 2013,” the report said.Properties on the cusp of resurfacing, characterized by residential properties between 10 percent negative equity and 10 percent positive equity, increased to 8.5 million for the quarter, representing 16 percent of homes with a mortgage. Properties on the verge of recovery in Q4 2013 were 8.3 million, which was 17 percent of all properties with a mortgage.Fewer distressed properties had negative equity as well, with 45 percent of all properties in the foreclosure process underwater. Foreclosed homes with negative equity fell from 48 percent in the last quarter of 2013, and were down from 58 percent in the first quarter of 2013.”The relatively high percentage of foreclosures with equity is surprising to many because it would seem homeowners with equity could easily avoid foreclosure by leveraging that equity by refinancing or with an equity sale of the home,” Blomquist noted. “But many distressed homeowners with equity may not realize they have equity and in some cases have vacated the property already, assuming that foreclosure is inevitable.”Homes with positive equity increased to 35 percent in Q1 2014, up from 31 percent in Q4 2013 and up from 24 percent in Q3 of 2013.States with the highest percentage of residential properties seriously underwater in the first quarter were Nevada (34 percent), Florida (31 percent), Illinois (30 percent), Michigan (29 percent), and Ohio (27 percent).Major metro areas with the highest percentage of resurfacing equity were Louisville, Kentucky (37 percent), Columbia, South Carolina (28 percent), Colorado Springs, Colorado (28 percent), Little Rock, Arkansas (28 percent), and Tulsa, Oklahoma (27 percent).Major metro areas with more than 50 percent of properties in foreclosure with equity included Denver (64 percent), Boston (58 percent), Minneapolis (58 percent), Houston (54 percent), and Washington, D.C. (52 percent). The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Distressed Homes Equity RealtyTrac Underwater Previous: Bank of America Legal Expenses Hurt Q1 Earnings Next: DS News Webcast: Thursday 4/17/2014  Print This Post The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Distressed Homes Equity RealtyTrac Underwater 2014-04-17 Colin Robins in Daily Dose, Featured, Headlines, Loss Mitigation, Newscenter_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Seriously Underwater Properties Fall to Lowest Level in Two Years April 17, 2014 667 Views About Author: Colin Robins Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articleslast_img read more


Presidential Hopeful Ben Carson Is Skeptical of the New Fair Housing Rule

first_img The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save About Author: Xhevrije West  Print This Post Affirmatively Furthering Fair Housing Rule Ben Carson HUD 2015-07-27 Brian Honea Presidential Hopeful Ben Carson Is Skeptical of the New Fair Housing Rule 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 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: CFPB’s Loss Mitigation Procedures Effectively Delay Foreclosure For Five Months Next: OCC Terminates Foreclosure-Related Consent Order for OneWest in Daily Dose, Featured, Government, Newscenter_img Home / Daily Dose / Presidential Hopeful Ben Carson Is Skeptical of the New Fair Housing Rule Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Affirmatively Furthering Fair Housing Rule Ben Carson HUD Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. July 27, 2015 1,066 Views Related Articles Ben CarsonA new housing rule from the Obama administration seeks to address housing discrimination among American neighborhoods by desegregating them. In a op-ed piece in the Washington Times, Republican presidential candidate Ben Carson discusses how busing failed to address the lack of a racial utopia in America, but the Obama administration has recently implemented a new HUD rule that will “desegregate” housing.Earlier this month, HUD released its final rule on Affirmatively Furthering Fair Housing. The rule was created to “desegregate” housing by withholding funds from communities that fail to demonstrate their projects “affirmatively further” fair housing.“As a former mayor, I know firsthand that strong communities are vital to the well-being and prosperity of families,” said HUD Secretary Julián Castro. “Unfortunately, too many Americans find their dreams limited by where they come from, and a ZIP code should never determine a child’s future. This important step will give local leaders the tools they need to provide all Americans with access to safe, affordable housing in communities that are rich with opportunity.”Carson adds that the Fair Housing Act and other laws have contributed the reduction of explicit discrimination in housing, but significant disparities in housing availability and quality persist.”The new rule would not only condition the grant of HUD funds to municipalities on building affordable housing as is the case today, but would require that such affordable housing be built primarily in wealthier neighborhoods with few current minority residents and that the new housing be aggressively marketed to minorities,” Carson noted.At the end of June, the Supreme Court ruled that the use of “disparate impact” claims can legally be brought about under the Fair Housing Act. While the Court ruled that disparate impact claims are cognizable under the Fair Housing Act, that ruling came with a caveat.”So the Court holds that there is a disparate impact claim under the FHA as a matter of statutory interpretation, but the Court cautions that remedial orders in disparate impact cases that impose racial targets or quotas could be unconstitutional,” Attorney Kevin Russell said on the SCOTUS blog. “. . .The Court emphasizes, however, that disparate impact liability should be imposed cautiously. To avoid constitutional problems, statistical disparity is not enough.”Oftentimes, these forced racial equality attempts by the government create larger issues instead of solving them, Carson says.”These government-engineered attempts to legislate racial equality create consequences that often make matters worse,” Carson concluded. “There are reasonable ways to use housing policy to enhance the opportunities available to lower-income citizens, but based on the history of failed socialist experiments in this country, entrusting the government to get it right can prove downright dangerous.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more


More Proposed CFPB Reforms Clear Subcommittee

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Share Save Previous: OCC Frees Wells Fargo from Servicing Restrictions Next: Monitor to Chase: You’re Almost There Tagged with: CFPB Consumer Financial Protection Bureau General Government Appropriations Subcommittee May 25, 2016 1,272 Views CFPB Consumer Financial Protection Bureau General Government Appropriations Subcommittee 2016-05-25 Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / More Proposed CFPB Reforms Clear Subcommittee A House Subcommittee has approved a bill on Wednesday aimed that contained proposals for major reforms to the Consumer Financial Protection Bureau (CFPB)’s leadership and budget.The House Financial Services and General Government Appropriations Subcommittee approved by a voice vote its Fiscal Year 2017 Financial Services Bill, which proposes three major changes to the Bureau. The bill proposes to increase oversight for the CFPB by:Bringing the CFPB’s funding under the annual Congressional appropriations process rather than receiving funding directly from the Federal Reserve.Replacing the Bureau’s director with a five-member bipartisan commission.Requiring the CFPB to study the use of pre-dispute arbitration prior to issuing regulations. The Bureau recently issued a controversial proposal to ban the use of arbitration clauses in financial contracts between businesses and consumers, which would open the door for consumers to file class action lawsuits against businesses.“The job of this bill is two-fold: to make wise investments with taxpayer dollars in the programs and agencies that we need to grow our economy and enforce our laws, and to tightly hold the reins on the over-spending and overreach within federal bureaucracies,” House Appropriations Committee Chairman Hal Rogers (R-Kentucky) said. “This bill makes great strides on all accounts—carefully investing taxpayer dollars in programs that promote opportunity, while keeping these agencies accountable to the American people.”The bill approved by the General Government Appropriations Subcommittee is one of a series of bills lately aimed at reforming the CFPB or rolling back Dodd-Frank that are gaining traction. In mid-April, the House Financial Services Committee. One of them, the Taking Account of Bureaucrats’ Spending (TABS) Act, aimed at controlling the Bureau’s spending by establishing an annual budget; the other bill that passed in the House Financial Services Committee, would repeal Dodd-Frank’s bailout fund for large, complex financial institutions. Related Articlescenter_img 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. Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago More Proposed CFPB Reforms Clear Subcommittee Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Brian Honea The Best Markets For Residential Property Investors 2 days agolast_img read more


The Industry Pulse: Updates on WFG, ComplianceEase, and More

first_img Tagged with: industry pulse  Print This Post Share Save May 9, 2019 1,160 Views The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Industry Pulse: Updates on WFG, ComplianceEase, and More in Daily Dose, Featured, Market Studies, News From key hires and collaborations to new technologies, catch the latest happenings in the industry in this update.WFG National Title Insurance Company (WFG), an Oregon-based provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, announced that Brandon Baker has been named the new President of the company’s Dallas-Fort Worth division.In this role, Baker will manage the day-to-day administrative operations for the DFW market, including working with the WFG team to establish short and long-term goals, plans and strategies. He will also be looking to recruit additional revenue-producing employees to add to the company’s branches.Baker comes to WFG from another title company, where he was most recently a Vice President and was responsible for strategic growth, fee attorney operations and recruiting. Before that he held several executive sales positions.”Joining WFG and leading the DFW office is a great opportunity to continue to develop in this marketplace,” Baker said. “With our current team and new recruits, we look to build on our relationships with the local real estate community to increase our market share.  Our ultimate goal is to create a better real estate experience for home buyers and sellers.”___________________________________________________________________________Wolters Kluwer Lien Solutions has introduced Portfolio Sync a lien management solution designed for lenders who use multiple methods of submitting Uniform Commercial Code (UCC) filings. As an addition to iLien, Lien Solutions’ flagship lien management product, Portfolio Sync combines customers’ existing iLien filings with public records data into one view, providing greater visibility into one’s entire lending portfolio—and identifies associated gaps that may require risk mitigation or other actions to maintain a lender’s secured interests.“Many lenders use multiple methods to submit UCC filings, including law firms, title companies, secretary of state offices, or third-party providers,” noted Nasser Ansari, Director, Product Management, Lien Solutions. “But this fragmented approach makes it harder to maintain an accurate, holistic view of your filings and to analyze your overall lien portfolio health, much less take corrective actions if needed. Portfolio Sync mitigates the risks posed by gaps in lenders’ filing portfolios, providing a single, web-based access point to manage all of one’s filings, regardless of how or with whom they were filed.”___________________________________________________________________________ComplianceEase, a provider of automated compliance solutions to the financial services industry, announced that its ComplianceAnalyzer is now integrated with LendingPad, the cloud-based loan origination system (LOS) from WEI Technology LLC.With this integration, LendingPad users can perform real-time audits for regulatory compliance violations without leaving their LOS. ComplianceAnalyzer audits both first mortgages and home equity loan and lines for federal, state and local requirements, including state predatory lending issues; changes in terms and fees; audit tolerance across all disclosures and changed circumstances; and track post-consummation disclosures.”We designed LendingPad with the needs of today’s lender in mind,” said Wes Yuan, Managing Director of WEI Technology. “By integrating with the most comprehensive auditing solution in the market, we’re helping our lender customers not only ensure regulatory compliance, but also become more efficient.”“With origination volume down and costs to close up, lenders are looking to technology for a competitive edge,” said Sanjay Tibrewal, Senior Vice President of Product Management for ComplianceEase. “Our integration with LendingPad helps more lenders streamline compliance processes to help accelerate closing, deliver a better borrower experience, and ultimately grow their businesses.” Previous: A Look at Mortgage-Backed Securities Trends Next: TRK Connection Adds Veri-Tax Income Verification Home / Daily Dose / The Industry Pulse: Updates on WFG, ComplianceEase, and More Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe 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. industry pulse 2019-05-09 Seth Welborn About Author: Seth Welborn Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more


Big Apple Tackling Property Tax Problems

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Seth Welborn Tagged with: Rental Tax  Print This Post The Best Markets For Residential Property Investors 2 days ago March 12, 2020 1,005 Views Share Save Home / Daily Dose / Big Apple Tackling Property Tax Problems Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago New York City is making some changes to its property tax codes, but some groups note that the changes benefit homeowners only, leaving renters behind. According to Commercial Observer, while many homeowners will be thrilled to get lower tax bills, real estate groups, the NAACP and several other activist and good-government groups feel that the proposals don’t address the biggest problems in the city’s tax system.While the original rules seperated rules for condomimiums compared to single-family homes, Mayor Bill de Blasio’s tax commission has recommended axing these rules, moving condos and co-ops into the same class as one- to three-family homes, and assessing all of these properties at fair market value. Meanwhile, renters multifamily rental buildings are taxed at higher rates than homes, co-ops and condos.In 2019, NYC partnered with organizations like the Center for NYC Neighborhoods to help homeowners who have fallen behind on their mortgage payments to find funds and help prevent the creation of more zombie homes.“We send people out to survey homes to try to document where are zombie homes in New York City and what’s the extent of the challenge,” Bozorg told Fox News.New York neighborhoods such as Central Brooklyn, Southeast Queens, northern Staten Island, and parts of the Bronx, particularly, have a higher number of distressed and abandoned properties compared to the rest of the city, according to HPD data.According to a report by Curbed, the city saw around 18,000 foreclosure filings in 2007, when the foreclosure crisis first hit New York. Today, there are at least 2,000 abandoned and deteriorated homes many of which are in the process of foreclosure.center_img Demand Propels Home Prices Upward 2 days ago 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: USFN Cancels Industry Events Next: Don’t Put CECL on the Back Burner Rental Tax 2020-03-12 Seth Welborn Big Apple Tackling Property Tax Problems Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Investment, News Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more


Ben Carson Commends Investigation Into Landlord Sexual Harassment Complaints

first_img Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Government, News Ben Carson Commends Investigation Into Landlord Sexual Harassment Complaints Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago DOJ Harassment HUD 2020-04-30 Seth Welborn Share Save Home / Daily Dose / Ben Carson Commends Investigation Into Landlord Sexual Harassment Complaints The Best Markets For Residential Property Investors 2 days ago Previous: Unemployment’s Threat to Mortgages Next: Access to Mortgage Credit May Suffer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Seth Welborn April 30, 2020 1,374 Views center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: DOJ Harassment HUD  Print This Post 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. Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson recently praised Attorney General William Barr for devoting all “necessary resources” to aide HUD investigations into reports of landlords demanding sexual favors in exchange for rent.“The Fair Housing Act embodies the spirit of this great Nation where everyone is entitled to equal opportunity and respect,” said HUD Secretary Ben Carson. “No one should have to endure sexual harassment and degrading treatment, especially to keep a roof over their heads. I’m pleased Attorney General Barr has partnered with HUD to fully investigate and prevent sexual harassment in housing particularly during this difficult time in our country.”Since the joint HUD-DOJ sexual harassment initiative was launched two years ago, HUD and its partner organizations have processed around 540 sexual harassment complaints.The Department of Justice (DOJ) investigation coincides with National Fair Housing month and the HUD public awareness campaign – Call HUD: Because Sexual Harassment in Housing is Illegal. This year’s theme serves as a public awareness campaign that urges the persons who experience sexual harassment where they live to “call HUD.””While any form of discrimination stains the very fabric of our nation, HUD is especially focused on protecting the right of individuals to feel safe and secure in their homes, free from sexual harassment or unwanted sexual advances,” said HUD Secretary Ben Carson. “This theme, which is a call to action, is an appeal to those who experience discrimination, particularly survivors of sexual harassment, to contact HUD for help. Much work remains to be done, but HUD’s efforts in this area are already producing real results for real people.””Complaints we receive demonstrate the importance of continuing our commitment to shining a light on this form of discrimination and letting everyone know that HUD is here to help,” said Anna María Farías, HUD’s Assistant Secretary for Fair Housing and Equal Opportunity. “Even as the nation is dealing with a health crisis unlike any we have experienced in recent history, HUD is open for business and working to ensure that no one has to tolerate harassment or unwanted sexual advances in the place they call home.” The Best Markets For Residential Property Investors 2 days ago Related Articles Subscribelast_img read more


Financial Services Committee Discusses HEROES Act

first_img Tagged with: Coronavirus House Fiinancial Services Committee Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Financial Services Committee Discusses HEROES Act The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, News Financial Services Committee Discusses HEROES Act 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. Coronavirus House Fiinancial Services Committee 2020-07-23 Mike Albanese The House Committee on Financial Services held a hearing Thursday on the HEROES Act and the role it could play in the economic relief from COVID-19.Financial Services’ Chairwoman Maxine Waters said the House of Representatives passed the HEROES Act 60 days ago. She added the pandemic has surged since that point, with the virus killing more than 140,000 people and infecting 3.8 million people.She added federal, state, and local foreclosure and eviction moratoriums are expiring soon as 36% of renters were unable to make full July payments and 4.2 million homeowners in forbearance plans.“The HEROES Act would, among other things, provide $100 billion for renters and $75 billion for homes to keep families housed during the pandemic,” Waters said.The bill, which came with a $3 trillion price tag was approved by a vote of 208-199.A summary by the American Action Forum states the HEROES Act would provide around $200 billion in additional housing assistance.The CARES Act provided financial and legal assistance for renters and mortgage holders with a federally-backed mortgage. The American Action Forum said the HEROES act expands the financial assistant and legal protection to “virtually all” renters and mortgage holders, including prohibiting foreclosure for non-payment for up to a yearWaters added Thursday the Committee worked hard to ensure all lending institutions can access federal lending programs, such as the Payment Protection Program.However, she noted that the U.S. Senate “has done nothing” to advance the HEROES Act or any other COVID-19 response bill since the passage of the CARES Act.“The Heroes Act provides critical relief and protections for all renters, homeowners, people experiencing homelessness, consumers, students, small businesses, minority-owned businesses, and non-profits,” Waters said.She added “we must not repeat the mistakes of the past,” referencing the 2008 financial crisis that caused millions of Americans to lose their homes and minorities targeted by predatory mortgages.The Committee’s Ranking Member, Patrick McHenry, however, said of the hearing, “this hearing is a waste of time.”He said people are losing their jobs, worried about keeping their homes, and in less than 48 hours, many Americans will face a “fiscal cliff” as benefits will come to an end.“Remember this day. This is a day, in the middle of a crisis, as we speed toward another disaster—this fiscal cliff—House Democrats choose to have a hearing on a bill that passed over two months ago,” McHenry said.He said fellow Democrats have called the HEROES Act a “dead-end partisan stunt with many voting against the bill.“Americans don’t want gamesmanship. They don’t want petty partisanship. They want actions and they want results,” he said.McHenry said the passage of the CARES was the right response at the right time. But this bill is not.“Is it worth it to continue pushing for things you know you will never get done and delay passage of what is a more reasonable policy. Knowing that by delaying and doing stunts like today, it’s just another minute, another hour, another day wasted not serving the American people,” McHenry said.He concluded his statement by saying House Republicans want to support businesses and homeowners and want “hard compromises” to get the country back on track.center_img Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago July 23, 2020 1,260 Views Share Save Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Previous: Making America’s Housing More ‘Equitable’ Next: Trio of Storms Raise Concerns on Potential Property Damage  Print This Post Sign up for DS News Daily Subscribelast_img read more


The Week Ahead: CFPB Senate Confirmation Hearing

first_img Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago President Joe Biden’s nominee to lead the Consumer Financial Protection Bureau will face a Senate confirmation hearing this coming week. Subscribe Rohit Chopra, nominated as director of the Consumer Financial Protection Bureau (CFPB), is scheduled to appear Tuesday, March 2, before the Senate Committee on Banking, Housing, and Urban Affairs.What to expect? “Fair lending practices are likely to receive increased scrutiny under a Chopra-led CFPB,” reported Aaron Nicodemus, a policy and compliance-trends writer for Compliance Week. “Senators might want to know how that scrutiny will be applied. Chopra is likely to restore the Office of Fair Lending to a free-standing unit within the CFPB, as it was during his previous time with the agency.”According to Investopedia, Chopra was confirmed as an FTC commissioner in 2018 and has since worked to increase the scrutiny of Big Tech corporations that pose risks to privacy, national security, and fair competition.“He has actively advocated to promote fair, competitive markets that protect families and honest businesses from abuses,” the Biden administration has said.Here’s what else is happening in The Week Ahead:MBA Forbearance and Call Volume Survey (Monday)FHFA Home Price Index (Tuesday)MBA Weekly Applications Survey (Wednesday)com Weekly Housing Market Recap (Wednesday)S. Census Bureau New Residential Sales report (Wednesday)Senate Banking Committee Hearing: “Wall Street vs. Workers: How the Financial System Hurts Workers and Widens the Racial Wealth Gap” (Thursday, 10:15 a.m. EST)Freddie Mac Primary Mortgage Market Survey (Thursday)NAR Pending Home Sales report (Thursday)Black Knight weekly forbearance data (Friday) Urban Institute “Advancing Fair Housing and Racial Equity Through Federal Housing Policy” (Friday) Data Provider Black Knight to Acquire Top of Mind 2 days ago 2021-02-26 Christina Hughes Babb in Daily Dose, Featured, Government, News About Author: Christina Hughes Babb Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days agocenter_img Home / Daily Dose / The Week Ahead: CFPB Senate Confirmation Hearing February 26, 2021 1,060 Views Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Many SFR Investors Face Above-Average Risk of Default Next: Money Management: Who Does It Best? The Best Markets For Residential Property Investors 2 days ago The Week Ahead: CFPB Senate Confirmation Hearing Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more


Michael D Higgins expects to poll substantially in Donegal

first_imgNews Guidelines for reopening of hospitality sector published Michael D Higgins expects to poll substantially in Donegal Facebook Google+ Twitter Pinterest Pinterest WhatsApp Google+ Three factors driving Donegal housing market – Robinson NPHET ‘positive’ on easing restrictions – Donnelly center_img Facebook WhatsApp 448 new cases of Covid 19 reported today Calls for maternity restrictions to be lifted at LUH By News Highland – October 14, 2011 RELATED ARTICLESMORE FROM AUTHOR Twitter Previous articleSoccer – Derry City’s League Title Dreams FadeNext articleSpeed camera operator says media coverage endangers workers News Highland Help sought in search for missing 27 year old in Letterkenny Presidential candidate Michael D Higgins says he’s expecting to poll very well in Donegal in the upcoming election.While he is not expecting to top the poll, he does believe he will poll substantially.The Labour candidate is on his second official visit to Donegal today, he visited Letterkenny IT earlier this morning, and is currently visiting the An Grianan Theatre. He is then due to meet with Paddy Harte, before heading on to Derry in the afternoon.Michael D Higgins says his many connections in Donegal, should see him get a good vote.Meanwhile, Michael D Higgins has said he believes that people in Northern Ireland should be given the right to vote in the presidential election.The Labour candidate said that the President is a Head of State for everyone on the island of Ireland.He also said that he believes that the President is a President for all Irish people all over the world……[podcast]http://www.highlandradio.com/wp-content/uploads/2011/10/higgs1.mp3[/podcast]last_img read more


Council urged to return to old system of grants for elderly people

first_img Pinterest Newsx Adverts Facebook WhatsApp Facebook Three factors driving Donegal housing market – Robinson Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApp Donegal County Council is calling for the reinstatement of the heating grant, and the restoration of grant schemes to where they were before 2010.Cllr David Alcorn raised the issue, saying the heating grants were removed because help is available from Sustainable Energy Ireland, but that hasn’t worked.He says the traditional grants system should be restored……..[podcast]http://www.highlandradio.com/wp-content/uploads/2012/04/alcrn1pm.mp3[/podcast]The issue was discussed in the context of a review of how grant schemes operate, following the adoption of a number of changes in April 2010.A review of those changes was presented to members, recommending that the revised system be maintained.However, Cllr Marie Terese Gallagher said the report shows that between July 2008 and June 2009, 1056 grants were approved under the Housing Aid for Older People Scheme, while between July 2010 and June 2011, that fell to 335.Cllr Gallagher says the elderly people didn’t go away, and the need for work has not diminished. She said with the number of grant approvals falling by two thirds, questions must be asked………..[podcast]http://www.highlandradio.com/wp-content/uploads/2012/04/mtgal1pm.mp3[/podcast] Guidelines for reopening of hospitality sector published Twitter Calls for maternity restrictions to be lifted at LUH center_img Previous articleCompany rules out digging for gold on or around Lough DergNext articleCllr Larkin hits out at former chair of An Taisces comments News Highland Google+ Pinterest RELATED ARTICLESMORE FROM AUTHOR Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter Council urged to return to old system of grants for elderly people Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey By News Highland – April 17, 2012 last_img read more