May, 2021 Archive

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Ginnie Mae Announces Document Custody Policy Reform, Risk Management Enhancement

first_imgHome / Daily Dose / Ginnie Mae Announces Document Custody Policy Reform, Risk Management Enhancement  Print This Post Ginnie Mae announced its plans on Thursday to thoroughly update program requirements and infrastructure in relation to loan documents that serve as collateral for securitized pools of loans.Ginnie Mae’s SVP of Issuer and Portfolio Management Michael Drayne said Ginnie Mae intends to engage issuers, document custodians, and other stakeholders in a dialogue about how to most effectively update the program requirements and infrastructure relating to pool collateral.“We plan to take a thoughtful approach and expect that this will be a multi-year effort,” Drayne said, noting that the government corporation will use four “guiding principles” as it undertakes a comprehensive review and reform of the policies and procedures relating to the management of pool collateral via third party document custodians.The government organization realized the need for reform after the financial crisis and the unprecedented level of Mortgage Servicing Rights (MSR) transfer requests in recent years, Drayne added.“Every one of the nine million loans in Ginnie Mae pools is secured by a collateral loan file,” Drayne said. “As our business has grown, and the ownership of so many of the underlying MSRs has changed hands since the financial crisis, it has become even more critical to ensure that our program for managing this documentation evolves to meet changing circumstances and take advantage of technological progress.”Ginnie Mae’s “Guiding Principles:”1) Policy: Current policies will be re-examined to consider whether they adequately reflect and mitigate actual risks and the current and foreseeable state of available technology.2) Integration: Document custody functions and information should be more closely integrated into Ginnie Mae’s systems.3) Loan Level: Information about the status of pool collateral should be managed at the loan level, not merely the pool level.4) Enforcement: The methods by which Ginnie Mae enforces compliance with its policies will be re-examined and harmonized with its broader practices for managing issuer relations. Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Housing Experienced a Supply and Demand ‘Conflict’ In May, Economist Says Next: Five Takeaways from Treasury Secretary Jack Lew’s Testimony Before Congress The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Document Custody Policies Ginnie Mae Risk Management Securitized Loans Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Ginnie Mae Announces Document Custody Policy Reform, Risk Management Enhancement Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img About Author: Xhevrije West in Daily Dose, Featured, Government, News 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. Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Document Custody Policies Ginnie Mae Risk Management Securitized Loans 2015-06-18 Brian Honea Share Save Demand Propels Home Prices Upward 2 days ago June 18, 2015 1,308 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribelast_img read more

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The CFPB’s Tough Month of April

first_img CFPB Consumer Financial Protection Bureau 2016-05-02 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News About Author: Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / The CFPB’s Tough Month of April The Week Ahead: Nearing the Forbearance Exit 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. Previous: Fed is Latest to Approve Incentive-Based Pay Proposal Next: SFR Securitizations Continue on ‘Stable’ Path Sign up for DS News Daily May 2, 2016 1,115 Views Demand Propels Home Prices Upward 2 days ago Much of the controversy surrounding the nearly 5-year-old Consumer Financial Protection Bureau (CFPB) revolves around whether or not the Bureau was given too much power under the Dodd-Frank Act.Many attempts have been made by lawmakers in the last couple of years to reform the CFPB, notably by Rep. Sean Duffy (R-Wisconsin) and Rep. Randy Neugebauer (R-Texas) to remove the Bureau’s director and replace him with a bipartisan commission; and a bipartisan bill introduced by Rep. Steve Stivers (R-Ohio) and Rep. Tim Walz (D-Minnesota) which would establish an independent inspector general for the CFPB.None of these bills have gained any serious traction until last month, when the “Taking Account of Bureaucrats Spending Act” sponsored by Andy Barr (R-Kentucky) passed in the House Financial Services Committee by a vote of 33 to 20. The legislation proposes to make the CFPB accountable to Congress and to Taxpayers by placing the Bureau on a budget.Adding to the CFPB’s tough month was the opening argument phase of the PHH Corp. trial challenging the CFPB’s constitutional authority. PHH claims the Bureau abused its power by increasing what was a $6 million penalty for allegedly taking mortgage insurance kickbacks up to $109 million. CFPB Director Richard Cordray faced some sharp questioning from a three-judge panel in the opening arguments in mid-April. PHH is the first company to challenge the CFPB’s authority in court.According to the blog on the Hill, the Bureau also took a defeat in court recently when its demands for documents from a for-profit college accreditor were rejected because the judge ruled that the matter fell outside the CFPB’s statutory authority to govern consumer finance.On the Hill’s blog, Brian Knight suggests that the courts may only marginally upset the status quo, and therefore Congress should take the lead if any CFPB reform is to take place. Knight said first, Congress should turn the Bureau into an independent bipartisan commission to provide for greater political balance, more diverse points of view, and a greater breadth of expertise in leadership; second, Congress should clarify the CFPB’s jurisdiction both in terms of scope and temporal reach—which includes defining clear statutes of limitations and enforcement actions; and third, Congress should take more control over the CFPB’s funding.As for the third item that Knight suggested, that may be on its way with the recent passing of Barr’s bill in mid-April. Since any CFPB reform bill would face a certain presidential veto if it reaches the White House while Obama is president, however, the bills would have more luck with a Republican in the oval office.center_img Subscribe The CFPB’s Tough Month of April Share Save Tagged with: CFPB Consumer Financial Protection Bureau Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago 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 Servicers Navigate the Post-Pandemic World 2 days ago  Print This Postlast_img read more

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Where is the Floor for Foreclosure Rates?

first_img Where is the Floor for Foreclosure Rates? Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Foreclosure, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago August 12, 2016 1,396 Views About Author: Kendall Baer Related Articles Servicers Navigate the Post-Pandemic World 2 days ago In the recent market update presented by Rick Sharga of Ten-X, Sharga stated that foreclosure, at the rate it’s going will potentially inverse to below pre-crisis and historical levels by 2018.“I can finally say with some certainty that we’re almost to the end of the crisis which really is good news economically, said Sharga. “What we saw at the peak of the crisis were both the number of delinquent loans and the number of loans in foreclosure were at all-time highs, something that we haven’t seen since the great depression.”According to the update, during a normal year about 1 percent of loans go into foreclosure as well as 4 percent of loans are delinquent. During the peak of the crisis, though, levels of homes in foreclosure rose to 4 percent while properties that were delinquent rose to levels of 11 to 12 percent. These heights came precisely at a time there was the highest number of homeowners in the history of the country. This meant that not only were the percentages off the charts but they were high percentages against high homeownership.The update says that now levels are down to 7 percent for both loans in foreclosure and delinquent, about two points higher than normal. These levels are about one and half times the normal level but are down more than half from the worst of the crisis. Sharga cites RealtyTrac, saying 80 percent of the loans in foreclosure today are on loans issued prior to 2010. These old loans are extraordinarily delinquent and Sharga says there is almost no chance that these loans are going to be rehabilitated.“They are very often the cases when the borrower hasn’t made a payment in 2, 3, 4, or 5 years,” says Sharga. “These are loans coming out states like New York, or New Jersey and Pennsylvania and Massachusetts, Florida, and Illinois where there has been a backlog of judicial processes in executing foreclosures.”Now, though, delinquency rates are down and continue to go down on a year over year basis for many months. Sharga says there may be an occasional blip when some of the old loans work their way through the system, but in totality these levels are trending down on a year over year basis.“This poses challenges for companies or people whose business depends on a lot of distressed inventory coming to market,” says Sharga. “My belief and most of the economists I’ve talked to agree with this is that by next year in 2017 at some point in the year we will be back to pre-crisis normal levels of foreclosure activity.”Sharga feels there is also a very good chance that an inversion will be seen in 2018 where for the first time in decades there will be a lower number of properties in foreclosure. The update attributes this to the strict lending standards over the past few years.Click HERE to view the entire market update.center_img Previous: Landmark Network Acquires AppraisalPro Next: Counsel’s Corner: Staying Successful Amid Industry Highs and Lows The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, TX. Born and raised in Texas, Kendall now works as the online editor for DS News. Tagged with: Foreclosure Rates market update Rick Sharga Ten-X Foreclosure Rates market update Rick Sharga Ten-X 2016-08-12 Kendall Baer Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Home / Daily Dose / Where is the Floor for Foreclosure Rates?last_img read more

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Household Debt on the Rise

first_imgSign up for DS News Daily Tagged with: data Household Debt HOUSING Lending Tree mortgage New York Federal Reserve Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Headlines, Journal, Market Studies, News The Best Markets For Residential Property Investors 2 days ago Household Debt on the Rise Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago November 15, 2017 1,474 Views Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribecenter_img About Author: Nicole Casperson Servicers Navigate the Post-Pandemic World 2 days ago data Household Debt HOUSING Lending Tree mortgage New York Federal Reserve 2017-11-15 Nicole Casperson Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Mortgage Insurance Fund Results to Impact Future of Housing Next: Five Minutes With: Auction.com EVP of Client Management Ali Haralson Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago The Federal Reserve Bank of New York’s Center for Microeconomic Data recently released its Quarterly Report on Household Debt and Credit—reporting that household debt increased while delinquency rates of several debt types continued to rise. According to the report, total household debt increased by $116 billion to $12.96 trillion in Q3 2017.LendingTree Chief Economist Tendayi Kapfidze said although household debt is at a high, the financial obligations ratio and household debt service ratios remain favorable because of income growth and lower interest rates.“This favorable picture is dependent on low rates, which may face some upward pressure, but not to an extent we think will put borrowers under significant pressure,” said Kapfidze. “It is also dependent on strength in home prices which we expect to continue given tight housing inventory and a strong labor market.”Overall, the New York Fed’s data found that mortgage debt increased by 0.6 percent, student debt increased by 1 percent, and credit card debt increased by 3.1 percent—while home equity lines of credit (HELOC) balances experienced a decrease by 0.9 percent.Kapfidze added that HELOC balances continuing to fall indicates that homeowners are not accessing their record equity for consumption.Additionally, the share of mortgage balances that were 90 or more days delinquent continued to improve, at 1.4 percent in Q3, which is a decrease from 1.7 percent at the beginning of 2017, and an improvement from the 8.9 percent high reached in 2010.As 69,580 individuals had a new foreclosure notation added to their credit reports in Q3 2017, foreclosures represented a new historical low.The report notes that its information is based on data from the New York Fed’s Consumer Credit Panel, a nationally representative sample of individual and household-level debt and credit records drawn from anonymized Equifax credit data.To view the full report, click here. Home / Daily Dose / Household Debt on the Rise Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Postlast_img read more

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Spotlight on Single-Family Rentals

first_img About Author: Donna Joseph Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] January 16, 2019 1,369 Views in Daily Dose, Featured, Market Studies, News, Servicing Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Single Family Rental Space Single-Family Rental Securitizations Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Single Family Rental Space Single-Family Rental Securitizations 2019-01-16 Donna Joseph Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago The latest single-family rental research from Morningstar Credit Ratings, LLC shows that the rent change for single borrower, and single-family rental securitizations increased by 3.6 percent in November, dropping from a revised 3.8 percent in October. Data indicated that the average vacancy rate declined by 10 basis points to 4.6 percent in November from a revised 4.7 percent in October. Morningstar attributes the decline in vacancy to a corresponding decrease in lease expirations, following a seasonal trend of lower lease expirations and vacancies in the winter months.According to Morningstar, the average retention rate for expiring leases declined 10 basis points to 78.7 percent in October, the latest month available, from 78.8 percent in September. However, it has remained over 75 percent for the past year. Of the 20 metropolitan statistical areas (MSA), Houston MSA had the highest vacancy rate at 6.9percent, up from a revised 6.6 percent in October. This was followed by Denver-Aurora at 6.3 percent, and Indianapolis at 6 percent. The highest blended rent growth was experienced in Sacramento at 6 percent, followed by Las Vegas and Riverside-San Bernardino MSAs at 5.5 percent each, the report indicated.  Lowest rent growth was recorded at 1.7 percent in the Houston and Nashville MSAs. According to Morningstar research, rent growth for properties included in single-family rental securitizations continue to exceed the RentRange rents for three- and four-bedroom properties located in the same MSAs. Analyzing single-borrower performance, the research found a decrease in lease expirations to 5.3 percent in November, a drop from 6.5 percent in October. This decline is also expected to lead to a decline in the vacancy rate in the coming months. The overall turnover rate increased to 3 percent in October, the latest month for which data is available, from 2.7 percent in September. The average delinquency rate increased to 0.7 percent in November, with five transactions reporting delinquency rates of 1 percent or more. Rents recorded an upward spike at 3.6 percent in November, compared with a revised 3.8 percent increase in October, according to the research.Focusing on how to build, manage and grow investment opportunities, 2019 will see an array of housing and mortgage professionals come together at The Guest House of Graceland, Memphis, Tennessee between March 11-13 for the Single Family Rental Summit. The Summit will feature subject-matter experts who will answer questions and offer viable solutions related to property management, acquisition, disposition, and financing. Click here to register for the summit. Share Save Previous: 2019 Real Estate Outlook: What Can Investors Expect? Next: Developments in Bankruptcy and Title Practices Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Spotlight on Single-Family Rentals Spotlight on Single-Family Rentalslast_img read more

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Housing Market Managing ‘Impressive V-Shaped Recovery’

first_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News August 24, 2020 1,365 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: First American Home Prices About Author: Phil Hall Subscribe 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago First American Home Prices 2020-08-24 Christina Hughes Babb Home / Daily Dose / Housing Market Managing ‘Impressive V-Shaped Recovery’ Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily  Print This Post Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Housing Market Managing ‘Impressive V-Shaped Recovery’ Affordable homeownership opportunities continue to be an elusive object in the housing market, according to First American Financial Corp.’s newly-released First American Real House Price Index (RHPI) for June.  The report measures the price changes of single-family properties throughout the nation, adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state, and metropolitan area levels. According to the RHPI:  Real house prices decreased 0.2% between May and June and declined by 4.8% year-over-year. Consumer house-buying power, how much one can buy based on changes in income and interest rates, increased 1.1% between May and June and increased 13.7% year-over-year. Median household income inched up by 0.2% from May to June; since January 2000, this measurement rose by 64%. Real house prices are 22.4% less expensive than in January 2000. While unadjusted house prices are now 13.5% above the housing boom peak in 2006, real house-buying power-adjusted house prices remain 45% below their 2006 housing boom peak  Mark Fleming, Chief Economist at First American, noted that the housing market “has thus far managed an impressive V-shaped recovery” despite the chaos that the COVID-19 pandemic had on the rest of the economy, although he observed that “growing demand against dwindling supply has worsened the supply and demand imbalance, which will continue to drive nominal house price appreciation.” “Nationally, house-buying power, how much home one can afford to buy given their income and the prevailing 30-year, fixed-rate mortgage, continues to outpace nominal house price appreciation, resulting in a 4.8 percent improvement in affordability relative to one year ago,” Fleming continued. “Yet, all real estate is local and affordability dynamics can vary greatly at the market level … In June, the RHPI increased in 35 of the 44 markets we track year-over-year, meaning affordability declined in each.”  Vermont led the states with greatest year-over-year RPHI at 10.6%, followed by New Mexico at 10.3%) and Montana at 9.4%), while Louisiana recorded the greatest decrease with a 10.1% drop. Among the nation’s major metro areas, New York City had the greatest year-over-year RPHI increase at 29.3% and Las Vegas had the greatest decrease with a 25.6% plummet.   The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Landlords Fight Foreclosure Ban Next: Hurricane Laura Threatens Homes Across Texas, Louisiana Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share 3Savelast_img read more

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Foreclosure Wave Could Culminate in ‘Major Event’

first_img Foreclosure Wave Could Culminate in ‘Major Event’ Share Save Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago 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. Sign up for DS News Daily Related Articles The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Americans’ Credit Conditions, By State Next: Is There a ‘Zombie Apocalypse’ Ahead for Vacant Properties? Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Foreclosure Wave Could Culminate in ‘Major Event’  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago About Author: Phil Hall The near-future will be bringing a wave of foreclosures, according to a Federal Reserve economist, but this will not be at the severe levels experienced in the aftermath of the 2008 economic meltdown.In a presentation titled “Housing Insecurity in the Time of COVID-19,” William R. Emmons, lead economist with the Center for Household Financial Stability at the Federal Reserve Bank of St. Louis, theorized that current fiscal policy will protect the economy and housing markets from experiencing the chaos that wreaked havoc during the last financial crisis.“It’s a slow-moving process,” Emmons said. “It definitely looks like there will be another major event, but hopefully not as bad as the foreclosure crisis associated with the Great Recession.”Still, Emmons added, the situation is serious, with past-due mortgages rising to a level seen at the start of the Great Recession, although the full nature of tumult is hard to determine due to moratoria placed on foreclosures and evictions during the pandemic. This percolating crisis will disproportionately impact lower-income households, Emmons added, disrupting hopes that a V-shaped recovery would positively impact all segments of the population.Probably the clearest massive supportive income were one-time payments and unemployment benefits, but those provisions expired at the end of July,” said Emmons. “The V has been interrupted.”Separately, St. Louis Fed President James Bullard presented his view on the current socioeconomic scene in a webinar titled “COVID-19 and the U.S. Economy: Progress on Health and Incomes.” Bullard observed what he viewed as significant progress in managing the global health crisis and predicted U.S. economic activity will likely record considerable growth in the third quarter.“I expect this rebound to continue in the U.S. as businesses learn how to produce products and services safely using simple, existing technology,” Bullard said.Bullard also credited U.S. monetary and fiscal policies as being effective during the pandemic, noting that “backstop lending programs stemmed an incipient financial crisis during the March-April time frame, to the point where current levels of financial stress are near pre-pandemic levels.”Nonetheless, Bullard stressed the pandemic is still with us and he suggested the second half of the year should be viewed as a time for adapting to a new mortality risk in the economy.“Simple mortality risk mitigation strategies hold the promise of delivering higher household incomes along with lower fatalities from COVID-19, thus improving outcomes along both dimensions,” he said. “The downside risk remains substantial and continued execution of a granular, risk-based health policy will be critical in the months ahead. in Daily Dose, Featured, Market Studies, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 2020-09-29 Christina Hughes Babb September 29, 2020 3,392 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

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Ulster Bank branches to stay open until 7 o clock everyday until Friday

first_img Twitter Ulster Bank branches to stay open until 7 o clock everyday until Friday Google+ Previous articleNew Mayor of Donegal Frank McBrearty aims to promote the countyNext articleCouncil rejects motion to construct wind-farm close to Donegal Town News Highland The doors of 80 Ulster Bank branches will stay open until 7 o’clock every day until Friday to deal with the payments backlog following last week’s system failure.Officials from the Central Bank met with management at Ulster Bank yesterday to put pressure on them to resolve the issue.The technical glitch – which was revealed last Wednesday – affected money lodged to accounts but it has since been fixed.Jim Ryan, Managing Director of Branch Banking at Ulster Bank, says they’re doing their best to facilitate customers:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/06/06ryan1.mp3[/podcast] Three factors driving Donegal housing market – Robinson NPHET ‘positive’ on easing restrictions – Donnelly Twitter By News Highland – June 26, 2012 Pinterest Facebook Pinterestcenter_img News RELATED ARTICLESMORE FROM AUTHOR WhatsApp Calls for maternity restrictions to be lifted at LUH LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Google+ WhatsApp Guidelines for reopening of hospitality sector published Facebook Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

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Durkan says further rail delay will cause ‘consternation and frustration’

first_img RELATED ARTICLESMORE FROM AUTHOR WhatsApp Three factors driving Donegal housing market – Robinson Durkan says further rail delay will cause ‘consternation and frustration’ Twitter Pinterest Pinterest GAA decision not sitting well with Donegal – Mick McGrath Facebook NPHET ‘positive’ on easing restrictions – Donnelly Google+ Foyle MP Mark Durkan says there will be ‘consternation and frustration’ in the North West after it emerged today that work on a second major upgrade of the Derry to Coleraine railway line has been delayed by a further four months.Mr Durkan expressed concerned that once again, key months are being lost on a vital infrastructural project for the North West, adding that people should not have to constantly lobby to remedy flaws and aberrations in investment planning and delivery.Mr Durkan says there have been too many delays, both from Stormont and from Translink……..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/04/mdurktrain.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.center_img Homepage BannerNews Calls for maternity restrictions to be lifted at LUH Previous articleRight2Water protest at reconvened council meeting after tenants details are handed over to Irish WaterNext articleCouncil calls for moratorium on windfarm developments pending new guidelines admin By admin – April 13, 2015 Facebook Twitter Nine Til Noon Show – Listen back to Wednesday’s Programme Google+ WhatsApp Guidelines for reopening of hospitality sector publishedlast_img read more

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Clean-up after storm begins across Co Donegal

first_img WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton News Need for issues with Mica redress scheme to be addressed raised in Seanad also Twitter Google+ Pinterest Facebook WhatsApp Google+ By News Highland – May 24, 2011 Previous articleSearch begins for missing 22-year-old in LiffordNext articleBaby girl born 12 hours after her Mum was attacked by partner News Highland center_img Calls for maternity restrictions to be lifted at LUH Twitter ESB crews were last night working to restore electricity to thousands of homes after 25,000 people were left without power by fierce storms that lashed the country.Power lines across the country were brought down by falling trees in winds of up to 144kmh.Response crews are expected to reconnect the last affected customers this morning after the high winds and rain abated last night.The worst affected areas were in the north west where an estimated 14,000 people lost power in Co Donegal.The wind was at its highest at around 1pm. It battered sections of the coast for much of yesterday morning.Fallen trees were reported across Co Donegal, causing a number of incidents on the county’s roads. A 40ft container lorry was blown on to its side on the road between Dungloe and Doochary but the driver escaped without injury.A spokesman for Met Eireann said the winds would die down greatly today with a few scattered showers across the country.The ESB is warning people not to go near fallen power lines or poles and to report any outages to freephone 1850 372999 RELATED ARTICLESMORE FROM AUTHOR Facebook Minister McConalogue says he is working to improve fishing quota Almost 10,000 appointments cancelled in Saolta Hospital Group this week Pinterest Guidelines for reopening of hospitality sector published Clean-up after storm begins across Co Donegallast_img read more

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