Judge Dismisses Class Action Racketeering Suit Against Ocwen

first_imgHome / Daily Dose / Judge Dismisses Class Action Racketeering Suit Against Ocwen Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News, Secondary Market May 29, 2015 1,442 Views Previous: Outlook for Housing and Economy Remain Positive Despite Q1 GDP Contraction Next: Delinquencies Down Among Single-Family Rental Securitizations Related Articles 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. About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago Judge Dismisses Class Action Racketeering Suit Against Ocwen Share Save Ocwen Financial Corp. won a victory in a Los Angeles court when a federal judge dismissed a class action lawsuit against the servicer accusing them of illegally charging excessive fees for property inspections, according to media reports.Judge Otis Wright in the U.S. District Court for the Central District of California threw out the suit on Thursday, ruling that a group of California homeowners’ claims against Ocwen amounted to a breach of contract claim but nothing else.The homeowners filed the suit against Ocwen in 2014, accusing the Atlanta-based non-bank mortgage servicer of violating various California state laws as well as federal laws, including the U.S. Racketeer Influenced and Corrupt Organizations Act, according to Reuters. The homeowners claim that Ocwen charged them for unnecessary repeat inspections properties where the borrower was either delinquent or in default, and by doing so they claim Ocwen was in violation of Fannie Mae’s servicing guidelines that require individual cases to be assessed to determine if the properties are in need of subsequent inspections after the first.In his ruling, Wright said the homeowners could not enforce Fannie Mae’s servicing guidelines because they were not a party to them. Since the homeowners’ entire claim depended on those guidelines, without them they had no claim, the judge said.”We are pleased and agree with the decision of the court,” Ocwen spokesman John Lovallo said in an email to DS News.The homeowners also accused former Ocwen chairman Bill Erbey, as a major shareholder in Altisource Portfolio Solutions, the company with which Ocwen contracted to perform the property inspections. The plaintiffs in the suit did not name Erbey as a defendant. Erbey, who founded Ocwen in the mid-1980s, resigned his position with Ocwen in December as part of a $150 million settlement with the New York Department of Financial Services over alleged servicing violations. Subscribe  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago California Delinquent Borrowers Lawsuits Mortgage Servicers Ocwen Financial Property Inspections 2015-05-29 Brian Honea The Best Markets For Residential Property Investors 2 days ago Tagged with: California Delinquent Borrowers Lawsuits Mortgage Servicers Ocwen Financial Property Inspections Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Housing Markets are Strongest Where Values Exceed Pre-Crisis Levels

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The August update for the Pro Teck Valuation Services’ Home Value Forecast (HVF) showed that the U.S. housing market with the highest year-over-year price change in July was Detroit – but at the same time, the authors of the report believe that more than one indicator must be used to evaluate the housing market’s health.According to the August HVF update, Detroit led all U.S. housing markets in year-over-year sold price with 28 percent. When considering other indicators, however, Detroit is not as strong a market as it would appear based on the spike in sold price. The Collateral Analytics forecast for the top U.S. housing markets rated San Francisco as “strong” largely because its home prices are at an all-time high. However, that same forecast rated Detroit as a “soft” market mainly due to home prices in that market trying to return to pre-crisis levels.”While Detroit has seen healthy gains this year, the Home Value Forecast rating system shows that Detroit is still a soft market,” said Tom O’Grady, CEO of Pro Teck Valuation Services. “Although examining one indicator is helpful, it’s important to analyze several home price indicators to best understand the health of a real estate market.”Similar to Detroit, Port St. Lucie, Florida, has seen significant gains in the housing market in the last year. However, home prices in Port St. Lucie are selling 30 percent below previous highs and foreclosure sales are still more than three times their post-crash levels, which earned the market a “soft” condition rating in the August HVF update, according to Pro Teck.”Although examining one indicator is helpful, it’s important to analyze several home price indicators to best understand the health of a real estate market.” —Tom O’Grady, CEO of Pro Teck Valuation Services.The August update to the HVF includes a list of the 10 best and worst performing metro areas ranked by market condition for July. The indicators used in the rankings include sales/listing activity and prices, months of remaining inventory, days on market, sold-to-list price ratio, and foreclosure percentage and REO activity.The best performing single-family housing markets for July were:Bellingham, WashingtonCheyenne, WyomingMt. Vernon-Anacortes, WashingtonOlympia-Tumwater, WashingtonSacramento-Roseville-Arden-Arcade, CaliforniaSan Antonio-New Braunfels, TexasSan Jose-Sunnyvale-Santa Clara, CaliforniaSanta Rosa, CaliforniaSeattle-Bellevue-Everett, WashingtonStockton, California”The West Coast continues to dominate the top ten markets, with the exception of San Antonio,” O’Grady said. “Also, looking at our top three for the month using Collateral Analytics Forecast, we see Bellingham, Cheyenne, and Mt. Vernon at or near all-time highs with forecasted continuing appreciation.”The worst performing markets were:Huntsville, AlabamaSyracuse, New YorkScranton-Wilkes Barre-Hazleton, PennsylvaniaMcAllen-Edinburg-Mission, TexasAtlantic City-Hammonton, New JerseyBaltimore-Columbia-Towson, MarylandHagerstown-Martinsburg, Maryland-West VirginiaJacksonville, FloridaJacksonville, North CarolinaRockford, Illinois August 20, 2015 1,232 Views Housing Markets are Strongest Where Values Exceed Pre-Crisis Levels The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Home value Forecast Home Values Pro Teck U.S. Housing Market About Author: Brian Honea Home / Daily Dose / Housing Markets are Strongest Where Values Exceed Pre-Crisis Levels Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img in Daily Dose, Featured, Market Studies, News  Print This Post Home value Forecast Home Values Pro Teck U.S. Housing Market 2015-08-20 Brian Honea The Best Markets For Residential Property Investors 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Second Fannie Mae NPL Sale Completed for $765 Million Next: Existing-Home Sales Continue Surge While First-Time Buyer Sales Fall Related Articles Subscribelast_img read more

Economic Data Will Ultimately Determine When the Fed Will Raise Rates

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Economic Data Will Ultimately Determine When the Fed Will Raise Rates Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Economic Data Will Ultimately Determine When the Fed Will Raise Rates Tagged with: Federal Open Market Committee Federal Reserve Interest rates San Francisco Fed Related Articles November 9, 2015 1,745 Views center_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Federal Open Market Committee Federal Reserve Interest rates San Francisco Fed 2015-11-09 Brian Honea Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. The Bureau of Labor Statistics’ October jobs report released last week far exceeded expectations, generating widespread speculation that the Federal Reserve will raise short-term rates in the Federal Open Market Committee’s final meeting of the year in December.San Francisco Fed President and CEO John C. Williams stated in an address Friday that in the past, data that drives economic decisions clearly supported a “patient” approach when it comes to raising rates. That same data, he said, will ultimately determine when the Fed decides to raise rates this time around.Speaking to the Arizona Council on Economic Education in Tempe, Arizona, on Saturday, Williams presented arguments for both sides, and concluded that the data will determine when the rates are raised.On the side of the argument for exercising patience, Williams said there are two main concerns: One, the constraint of the “zero lower bound,” which is to say rates can’t go any lower than zero and there will not be room to lower the rates if there is another economic downturn or if inflation drops further; and two, the inflation has been “stubbornly” below the Fed’s target rate of 2 percent for almost three and a half years.“And while we can ultimately control our own inflationary destiny, as it were, there’s no question that globally low inflation, and the policies other countries have adopted to combat it, has contributed to downward pressure in the U.S.,” Williams said. “As I said, I see inflation bouncing back. But forecasts aren’t guarantees, and there is always the risk that it could take longer than I expect.”“Given the progress we continue to make on our goals, I view the next appropriate step as the start of a process of gradually raising interest rates.” John C. Williams, President and CEO, San Francisco FedOn the other side of the issue—raising rates sooner than later—Williams presented a few arguments in favor. One, the economy is a moving target—according to research, it takes a year or two for monetary policy to take full effect, so the decisions the Fed makes have to be based on where the economy is going and not where it is at present; two, raising rates “would also allow a smoother, more gradual process of policy normalization, giving us space to fine-tune our responses to any surprise changes in economic conditions”; and finally, an economy that runs too hot for too long can result in imbalances that lead to either excessive inflation (as was the case in the 1960s and 1970s) or economic correction and recession (such as in the burst of the “dot com” bubble in the early 2000s or the housing market in 2008).“And in the first half of the 2000s, the economy was propelled by irrational exuberance over housing, sending house prices spiraling far beyond fundamentals and leading to massive overbuilding,” Williams said. “If we wait too long to remove monetary accommodation, we hazard allowing these imbalances to grow, at great cost to our economy.”While Williams stated that his economic views are data-driven and that the arguments in the past for patience far outweighed the “raise rates more sooner than later” approach, he also stated that his forecast is “[W]e’ll reach our maximum employment mandate in the near future and I’m increasingly confident that inflation will gradually move back to our 2 percent goal. . . Given the progress we continue to make on our goals, I view the next appropriate step as the start of a process of gradually raising interest rates. That’s the ‘how’; as I said, the data will determine the ‘when.’” Share Save Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Previous: Freddie Mac Plans to Use Proven Formula for Assisting HAMP Borrowers With Rate Increases Next: GSEs Announce Lowest Ever Interest Rate on Standard Mortgage Modificationslast_img read more

Foreclosures in the Big Apple

first_img 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 ago in Daily Dose, Featured, Foreclosure, News The Best Markets For Residential Property Investors 2 days ago Tagged with: Foreclosures manhattan New York property shark Queens Staten Island The Bronx Foreclosures manhattan New York property shark Queens Staten Island The Bronx 2019-01-07 Radhika Ojha Home / Daily Dose / Foreclosures in the Big Apple Subscribe Share Save The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Radhika Ojha First-time foreclosure cases decreased quarter-over-quarter across New York in 2018, according to Property Shark’s Q42018 report on foreclosures in the Big Apple. The report indicated that across all New York boroughs 720 homes “hit the auction block for the first time.” This is a 14 percent year-over-year decrease, with lis pendens cases also declining by 16 percent during this period.The only exception was Queens, which saw an 8 percent year-over-year increase in foreclosures during the quarter. The borough saw 252 first-time foreclosure cases during the quarter. However, on a quarter-over-quarter basis, Queens saw a 17 percent drop compared to Q32018.On a quarter-over-quarter basis, first-time cases in Staten Island increased by 269 percent, the report said, “due to the very limited number of foreclosures that occurred in Q32018.””In Q3, there were only 48 cases registered, while in Q4 177 residential properties were auctioned off” in Staten Island, the report indicated. Year-over-year, the borough saw a decrease of 4 percent in foreclosures.Lis pendens or pre-foreclosure cases are also declining across the city. The report found that such cases had contracted 16 percent year-over-year with 2,113 lis pendens notices registered in the last quarter of 2018. Each borough saw decreases between 7 percent and 29 percent. The only exception, in this case, was Manhattan where pre-foreclosures saw an uptick of 2 percent during the quarter. The largest drop in these cases occurred in the Bronx, declining 29 percent, while most cases were registered in Queens.Despite an uptick in pre-foreclosures, Manhattan saw only 23 homes heading for the auction block in Q42018, compared with the same period last year, when 28 homes were in foreclosure in this area. The borough, according to the report, continues to remain stable in terms of foreclosures with “first-time cases constantly hovering around 20 and 30 over the last couple of quarters.”The Bronx saw the steepest drop in residential foreclosures with the number of cases dropping to more than half in Q42018, compared with the same period last year. The borough also registered the steepest quarter-over-quarter decrease in foreclosures among all five areas with the decline pegged at 36 percent by Property Shark.Click here to read the full report.center_img  Print This Post Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Homeowners Feel the Shutdown’s Impact Next: Examining Home Pricing & Market Trends Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles January 7, 2019 1,948 Views Foreclosures in the Big Apple Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

Technology Being Used to Battle Affordability Concerns

first_imgSubscribe  Print This Post Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago About Author: Mike Albanese Demand Propels Home Prices Upward 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 Previous: Earthquakes and California MBS Next: Financial Organization Announces New President Technology Being Used to Battle Affordability Concerns Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News, Technology Tagged with: Affordability Technology Related Articlescenter_img Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 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. One of the major issues surrounding the housing market currently is the struggle to find affordable housing. The National Association of Home Builders (NAHB) reported in May that 46% of potential home buyers stated they are having trouble finding an affordable home. According to the NAHB report, the share of buyers who consider high prices the biggest hurdle fell 5 points when compared to 2018. Thanks to technology, though, that could all change, as a POLITICO report outlines how robots and technology could pave the way to affordable housing. The report states that in 2017 a company called Apis Cor, located outside of Moscow, Russia, posted a video where a $10,000 house was built in a day with 3D printing. “Two years later, even as multiple companies such as ICON and MudBots vie to establish themselves as makers of 3D-printed homes, a market has not yet emerged that matches the changes 3D printing has brought to everything from fashion to medical devices. The desire to create that impact remains intense, however,” POLITICO states. Dee Walsh, Chief Officer of Strategic Development for Mercy Housing, a affordable-housing nonprofit based in Denver, Colorado, said while 3D-printed home won’t solve homelessness, it is another “tool in the toolbox for housing development.” The report adds that a company called Suncomy is building a home in Austin, Texas, with its version of 3D-printing technology, which uses a mobile platform to spray geopolymer concrete onto pre-installed insulation panels. The concrete material is fireproof and repels water, says CEO Larry Haines, and can withstand winds of up to 220 mph.Fannie Mae’s latest Home Purchase Sentiment Index (HPSI) found that concerns over affordability are driving down consumers’ home purchase decisions. The index dropped 0.5 points in June after reaching its survey high of 91.5 in May, the data indicated. This, despite an eight-percentage-point spike in consumer expectation of lower mortgage rates.“Growing expectations that mortgage rates will remain steady suggest improved stability for housing affordability and helped keep the HPSI relatively flat this month, despite modest declines in other components,” said Doug Duncan, SVP and Chief Economist at Fannie Mae. Affordability Technology 2019-07-11 Mike Albanese Share Save Home / Daily Dose / Technology Being Used to Battle Affordability Concerns Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago July 11, 2019 814 Views last_img read more

What’s Missing from GSE Reform

first_img Demand Propels Home Prices Upward 2 days ago November 1, 2019 1,623 Views What’s Missing from GSE Reform in Daily Dose, Featured, Government, Market Studies, News Department of the Treasury Fannie Mae Freddie Mac GSE Reform 2019-11-01 Seth Welborn Home / Daily Dose / What’s Missing from GSE Reform 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. About Author: Seth Welborn Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Department of the Treasury Fannie Mae Freddie Mac GSE Reform The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img  Print This Post Earlier this year, the U.S. Treasury Department released its plan to reform the housing finance system. As part of that reform, Fannie Mae and Freddie Mac are preparing to exit conservatorship. However, a new paper from the Urban Institute states that the Treasury’s plan is “based on a misconception,” regarding Fannie and Freddie’s dominance. The plan, Urban Institute’s Laurie Goodman, Jim Parrott, and Mark M. Zandi note, would result in “would result in less access to mortgage credit, greater risk to the taxpayer and no end in sight for the system’s reliance on a too-big-to-fail duopoly.”According to the department, the Treasury Housing Reform Plan consists of a series of recommended legislative administrative reforms aimed to “protect American taxpayers against future bailouts,” preserve the 30-year-fixed-rate mortgage, and help guide Americans toward the path to homeownership.“The Trump Administration is committed to promoting much needed reforms to the housing finance system that will protect taxpayers and help Americans who want to buy a home,” said U.S. Treasury Secretary Steven T. Mnuchin in a release by the department. “An effective and efficient Federal housing finance system will also meaningfully contribute to the continued economic growth under this Administration.”Urban alleges that with the GSEs holding on to only a small amount of credit risk, the only way in which Treasury might meaningfully reduce their dominance is by reducing their mortgage origination footprint, however, the proposal does not do this.“While the Trump administration’s ultimate objective is the release of the GSEs from conservatorship as privately owned financial institutions, it is not at all clear that is where its proposed reforms would actually lead,” Urban said. “In order for the GSEs to build the level of capital presumably needed under the capital regime eventually imposed by the FHFA, they will need to go to the capital markets for what would likely be the largest capital raise in the nation’s history. This is only possible if the administration can get investors comfortable with what they are being asked to invest in.” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: The Industry Pulse: Honoring Veterans and Awarding Excellence Next: Industry Impact: American Employment and Wages Rise Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days agolast_img read more

California’s Wildfire Insurance Impacting Housing

first_img  Print This Post California Wildfires Insurance 2020-01-06 Mike Albanese California’s Wildfire Insurance Impacting Housing Servicers Navigate the Post-Pandemic World 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily About Author: Mike Albanese 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. A report by Fox News found wildfires are impacting California’s real estate market as insurers look to back out of fire-prone areas and potential buyers face high costs for plans.The Wall Street Journal reported insurance companies have reduced their wildfire exposure in the past two years after paying more than $24 billion for the state’s wildfire losses in 2017 and 2018. Lauralee Green, co-owner of Z Group Real Estate in Pollock Pines, California, told The Wall Street Journal that she now requires prospective buyers to submit an insurance quote before making an offer. “I’ve had so many deals fall through,” she said, adding she sold about $4.7 million in real estate last year, down from $8.8 million in 2018.Also, home insurers have declined to renew policies for thousands of homeowners across the state and regulators expect more nonrenewals in the coming months.California was home to 16 wildfires last October. Fox News reported last month that state officials added protection for homeowners, preventing insurance companies from dropping them as customers for a year after a disaster-level wildfire burns near their homes. State officials added the rule after the found insurers had dropped fire coverage for more than 350,000 residents following wildfires in 2018. The new protection applies to more than 1 million California homeowners, however, it doesn’t cover homebuyers or owners in areas that didn’t have a wildfire last year. Wildfires in 2008 caused $719 million in damage. That number rose to $1.1 billion in 2015 and the combined damage for fires in 2017 and 2018 was $25.3 billion, according to the California Department of Insurance. CoreLogic reported last year that nearly 9 million acres burned in 2018, with more than 1.8 million being in California. California’s Camp Fire was one of the most destructive in the state’s history, with a total loss of $9.3 billion. In a review of 2018’s fires, CoreLogic examined how California’s most extreme wildfires impacted single-family housing in the state.Tom Jeffery, Principal, Science and Analytics at CoreLogic, noted how recent wildfires stack up against the past.According to Jeffery, there is a concerning trend towards larger and more destructive fires, as well as a rising cost of managing these fires.“The Federal cost of wildfire suppression has gone from $1 billion in 2000 to $2 billion in 2015, and now $3 billion as of 2018 last year,” he said. January 6, 2020 1,939 Views Previous: Avanta Risk Management Launches resBlockTM 3.0 Next: Good News for Housing Investors in 2020 Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / California’s Wildfire Insurance Impacting Housing Demand Propels Home Prices Upward 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 Tagged with: California Wildfires Insurance Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Where Americans Are Most At Risk of Losing Homes

first_imgHome / Daily Dose / Where Americans Are Most At Risk of Losing Homes Servicers Navigate the Post-Pandemic World 2 days ago Where Americans Are Most At Risk of Losing Homes 2020-12-21 Christina Hughes Babb Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago About Author: Christina Hughes Babb Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Previous: FHA Extends Foreclosure Moratorium, Expands Forbearance Options Next: Delinquency Report Reflects ‘Critical Situation’ Share 1Save The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily American homeowners and lenders, despite widespread foreclosure bans and forbearance programs, eventually will face a reality that could include a surge of foreclosures and evictions. Some areas of the country are at more risk of mass foreclosures than others. The data journalists at Visual Capitalist have created graphic maps and interactive charts to show the share of people in each state who are at most risk of losing their homes.The researchers and editors utilized U.S. Census data which showed that of the estimated 17 million adults who are not current on their rent or mortgage payments, 33% of them could be facing eviction or foreclosure in the next two months. (The authors noted that, while this survey was conducted November 11-23, respondents’ interpretations of “the next two months” ranged between November 2020–January 2021.)”Although people across the country face similar risks, Texas stands out with an estimated 718,000 people facing foreclosures or eviction,” wrote researcher Avery Koop. “In fact, more than 7.1 million people in the state may be expecting a loss of employment income in the coming four weeks.”Other states looking at high percentages of potential home loss include Louisiana, New Mexico, Mississippi, Wyoming, and Missouri.By metro area, those at highest risk of foreclosure include:Houston, Miami, Atlanta, Chicago, Dallas, Seattle, Detroit, New York, San Francisco, and Phoenix.As for those at least risk, the study showed only a handful of metro areas—Delaware, Vermont, Maryland, and Utah—showed “relative housing security” for its residents in the coming months.The full list of foreclosure-risk data by metro is available at visualcapitalist.com. December 21, 2020 2,784 Views Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Newslast_img read more

More government ministers have moved to play down speculation of an easing of austerity…

first_img Google+ Pinterest Facebook WhatsApp More government ministers have moved to play down speculation of an easing of austerity in the October Budget. Calls for maternity restrictions to be lifted at LUH Help sought in search for missing 27 year old in Letterkenny Twitter NPHET ‘positive’ on easing restrictions – Donnelly Three factors driving Donegal housing market – Robinson By News Highland – April 22, 2013 Google+center_img Facebook Pinterest Previous article10 euro notes to be used in ATMsNext articleGovernment to create 20,000 manufacturing jobs by 2016 News Highland It follows a claim the coalition would give a major concession on tax to middle-income taxpayers to show austerity is nearly over.The Tánaiste told reporters in Luxembourg that it was “purely speculative”.And Jobs Minister Richard Bruton agrees.”This is – what, April? The Budget won’t be until October” he said.”Every year we’ve seen speculation about what might or might not be in the Budget. The government’s determination is to deliver a plan which includes job creation, a sustainable approach to fiscal policy, that we get our budget right – that’s what we’re committed to”.”The shape of that we ill be developed over the course of the coming months. I think this isn’t the time to comment on what might be in it” he added. RELATED ARTICLESMORE FROM AUTHOR 448 new cases of Covid 19 reported today WhatsApp News Twitter Guidelines for reopening of hospitality sector publishedlast_img read more

Minister confident on deal to address Ireland debt

first_img WhatsApp Minister confident on deal to address Ireland debt NPHET ‘positive’ on easing restrictions – Donnelly Facebook RELATED ARTICLESMORE FROM AUTHOR Google+ Twitter Google+ Calls for maternity restrictions to be lifted at LUH Facebook Previous articleStruggling families lose payments for religious ceremoniesNext articleCustoms in Louth seize diesel laundering units News Highland Pinterestcenter_img Twitter 448 new cases of Covid 19 reported today WhatsApp News Three factors driving Donegal housing market – Robinson Pinterest By News Highland – April 11, 2013 Help sought in search for missing 27 year old in Letterkenny The Minister for Agriculture says he is confident that negotiations on extending the maturities on Ireland’s bailout loans are moving in the right direction.It follows a recommendation from the Troika that the amount of time Ireland has to repay its EU loans be extended by seven years.The issue will be discussed at the ECOFIN meeting of EU Finance Ministers in Dublin this weekend – but no binding decision will be made.Simon Coveney says a deal would be a posit Michael Noonan is the Chair of ECOFIN, he is in a good Guidelines for reopening of hospitality sector publishedlast_img read more