Month: May 2021

The Future of PMI

The Future of PMI

first_imgHome / Daily Dose / The Future of PMI  Print This Post The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Joey Pizzolato Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Previous: Native to America Next: Mortgage Deduction Possibility Causes Uncertainty The Urban Institute released a new report recently, chronicling the last 60 years of private mortgage insurance (PMI) in the United States, which provided the history of the industry, as well as insight into what can be done to stay relevant in an ever-changing market.In addition to examining the origin and evolution of PMI, the current mortgage insurance market, the intended customer base, and the importance of PMI to the government-sponsored enterprises, the 52-page report also considered the way the industry can ensure its future success in the years to come.As per the report, the future of the PMI could be affected by the increased popularity of government mortgage insurance. In 2009, the market share of FHA and VA provided mortgage insurance stood at 85 percent—today it’s down to 65 percent, which is still above the norm.Still, PMI isn’t performing as it should. Combined, mortgages insured by the FHA and the VA have tripled from 2001 to 2015, $167 billion to $477 billion respectively. Conversely, PMI is down, from $282 billion in 2001, compared to $270 billion in 2015.PMI remains heavily reliant on the government sponsored enterprises, which the report says can pose a problem in the future. A few ways to curb that is to branch out into insuring loans in lender portfolios, if possible. Another way is to branch out into working with nonbanks to encourage them to increase their lending portfolio.As the report says, “Demographic changes and other mortgage market developments provide the industry both opportunities and challenges to expand its role to support historically underserved populations and first-time homebuyers using private capital.”Forward thinking is the only way to get ahead, and the PMI industry, according to the report, could “additionally look toward more portfolio lending, which could represent growth opportunities.” You can read the full 52-page report here. Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago HOUSING mortgage PMI Urban Institue 2017-08-23 Joey Pizzolato Tagged with: HOUSING mortgage PMI Urban Institue Servicers Navigate the Post-Pandemic World 2 days ago August 23, 2017 1,674 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] The Best Markets For Residential Property Investors 2 days ago The Future of PMI Demand Propels Home Prices Upward 2 days ago Subscribe in Daily Dose, Featured, Newslast_img read more

McCalla Raymer Leibert Pierce Expands, Welcomes Former Buckley Madole Shareholders

McCalla Raymer Leibert Pierce Expands, Welcomes Former Buckley Madole Shareholders

first_img Servicers Navigate the Post-Pandemic World 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Journal, News December 4, 2017 5,150 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Acquisitions Buckley Madole Law Firms McCalla Raymer Leibert Pierce mrlp 2017-12-04 David Wharton Previous: Lerner, Sampson & Rothfuss Expands Team Next: If You Build It… McCalla Raymer Leibert Pierce Expands, Welcomes Former Buckley Madole Shareholders About Author: David Wharton Tagged with: Acquisitions Buckley Madole Law Firms McCalla Raymer Leibert Pierce mrlp Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days agocenter_img Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago McCalla Raymer Leibert Pierce, LLC, a multistate law firm that handles “a full range of regulatory compliance issues, legislative issues, residential and commercial foreclosures, retail closings, commercial transactions, commercial litigation, bankruptcies, evictions, and related litigation matters for many of the nation’s largest financial institutions,” announced Monday morning that it had acquired the regional offices of Buckley Madole in several states.The acquisition includes regional offices in the states of California, Florida, Georgia, Nevada, New Jersey, and New York. McCalla Raymer Leibert Pierce, LLC will continue to go by the same name, but former Buckley Madole shareholders Larry Buckley, Luke Madole, Michael Gonzales, Rich Haber, Anthony Risalvato, and Adam Womack have joined MRLP as partners.Larry Buckley, “an attorney licensed in California, Texas, Arizona, and Colorado, with over 40 years of default and financial services litigation experience,” released the following statement: “My fellow senior partners and I are very excited to join the MRLP family. The combination of legal talent, key geographic locations, leadership, and strategic direction will allow the firm to expand its ability to provide legal services to its clients in the financial services space.”Marty Stone, Managing Partner at McCalla Raymer Leibert Pierce, said, “2017 was an exciting year for MRLP, and we are thrilled to end it with this expansion.”According to the press release, MRLP “will continue to focus on residential and commercial real estate services including foreclosure, bankruptcy, eviction, commercial origination and workout transactions, complex litigation, title curative litigation, title insurance (abstracts and claims defense), defensive litigation, and closing services (REO, retail, and commercial).”The acquisition adds new offices for MRLP in Iselin, New Jersey; New York City, New York; Long Beach, California; Las Vegas, Nevada; and Tampa, Florida. Demand Propels Home Prices Upward 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / McCalla Raymer Leibert Pierce Expands, Welcomes Former Buckley Madole Shareholders Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribelast_img read more

Calm Conditions for Housing in Q3?

Calm Conditions for Housing in Q3?

first_img Demand Propels Home Prices Upward 2 days ago  Print This Post According to Bankrate, homebuyers were “sailing calm waters” with lower rates and slowing home price appreciation.“Our view is that the housing market peaked in 2017, we saw about a 3% drop in sales in 2018. The pace of home price increases started to slow in 2018,” says Doug Duncan, Chief Economist at Fannie Mae. “Starting at the beginning of 2019 rates started to come down, then we saw this big drop in rates. We didn’t expect such a significant drop-off—it was 30 points more than we forecasted.”According to the latest Existing Home Sales report by the National Association of Realtors (NAR) notes that single-family home transactions increased 1.3% from July to August, and home sales passed last year’s number by 2.6%. Sales prices jumped 4.7% in August year-over-year, moving the median existing home price to $278,200 from last August’s $265,600, the NAR report shows.“The housing market is sitting well,” says Frank Nothaft, Chief Economist for CoreLogic. “We are sub-4% on mortgage rates and sub-4% on unemployment. This is the first time since World War II era that we have both metrics (under 4 percent). Incomes are rising faster than inflation. This is the reason we’re seeing home sales up.”Despite the positive increases, housing supply remains the weak spot of the market as inventory fell to 1.86 million units in August, down 2.6% from the same time last year.“On the for-sale side, inventory remains low and the homes that are being started are priced above what many homebuyers are prepared to pay, so there’s an affordability problem,” says Michael Neal, a senior research associate in the Housing Finance Policy Center at the Urban Institute.Bankrate also looked at refinance activity, noting that between September 11 and 25, the number of refinances dropped by 17%, according to data from the Mortgage Bankers Association.“I think it’s overall a positive for consumers to buy houses and refinance at these lower rates,” says Marc Doss, Regional Chief Investment Officer at Wells Fargo. “But there are people who are trying to perfectly time rates, which is impossible. People have the chance to float down now. Don’t wait too long. Don’t try to get too cute.” Share Save Home / Daily Dose / Calm Conditions for Housing in Q3? HOUSING 2019-10-02 Seth Welborn Calm Conditions for Housing in Q3? Governmental Measures Target Expanded Access to Affordable Housing 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. About Author: Seth Welborn Related Articles Previous: The Privatization Path for Fannie and Freddie Next: North Carolina’s Ongoing Rebuilding Process Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: HOUSINGcenter_img Servicers Navigate the Post-Pandemic World 2 days ago October 2, 2019 1,057 Views Governmental Measures Target Expanded Access to Affordable Housing 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 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 The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Sign up for DS News Daily Subscribelast_img read more

Gallaghers gathering will boost tourism in Donegal

Gallaghers gathering will boost tourism in Donegal

first_img NPHET ‘positive’ on easing restrictions – Donnelly Gallaghers gathering will boost tourism in Donegal By News Highland – May 14, 2012 Google+ Twitter WhatsApp Guidelines for reopening of hospitality sector published Facebook News Google+ WhatsApp Three factors driving Donegal housing market – Robinson center_img Pinterest RELATED ARTICLESMORE FROM AUTHOR A call has been made to Ireland’s diaspora to come home to where the heart is.Taoiseach Enda Kenny urged the 70 million people worldwide of Irish descent, and even those who just want a touch of Irishness, to make a trip to the Emerald Isle next year to be part of The Gathering 2013Villages and towns in every county have been urged to stage events celebrating their history to attract their long lost emigrants for a holiday back home.Several clans – including the Gallaghers of Donegal are inviting their namesakes back to a gathering of their people.King of the Gallaghers in Donegal, Adrian Gallagher, said these type of events can help promote the county….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/05/gall.mp3[/podcast] Previous articleAndrew Allens mother says those responsible for sons murder are thugsNext articleSoccer – Harps Board To Meet Tonight To Discuss Healy Resignation News Highland 448 new cases of Covid 19 reported today Help sought in search for missing 27 year old in Letterkenny Calls for maternity restrictions to be lifted at LUH Twitter Pinterest Facebooklast_img read more

Seven Donegal fish processors to expand following investment anouncement

Seven Donegal fish processors to expand following investment anouncement

first_img Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest Calls for maternity restrictions to be lifted at LUH Google+ RELATED ARTICLESMORE FROM AUTHOR Twitter Previous articleStrabane councillor says recent spate of car break ins is getting worseNext articleHusband of Lisa McGowan, who went missing over a week ago, makes another emotional appeal News Highland Twitter Need for issues with Mica redress scheme to be addressed raised in Seanad also Seven Donegal fish processors to expand following investment anouncement Junior Miniser Dinny McGinleyOver 2.5 million euro is to be invested in the seafood sector in Donegal, the bulk of the money from the private sector backed by government funding of 735,000 euro.The investment is part of a national package to be announced this afternoon by Marine Minister Simon Coveney, with a projected total of 1,200 new jobs anticipated across the country.It’s not clear yet how many of those will be created in Donegal.Junior Minister Dinny Mc Ginley says it’s an important day for one of the most important sectors in Donegal………….[podcast]http://www.highlandradio.com/wp-content/uploads/2013/07/dinnyfishgrants.mp3[/podcast]center_img Facebook By News Highland – July 17, 2013 WhatsApp Facebook News Guidelines for reopening of hospitality sector published Google+ Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week last_img read more

Almost 4,000 turn out in Letterkenny after midnight to welcome Sam

Almost 4,000 turn out in Letterkenny after midnight to welcome Sam

first_img Twitter Twitter Almost 4,000 turn out in Letterkenny after midnight to welcome Sam Previous articleDonegal IFA call on Government to maintain farm schemes in budgetNext articleJudge pays tribute to Yvonne and Jim McGuinness on All Ireland success News Highland Dail to vote later on extending emergency Covid powers Google+ PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Pinterest Facebook RELATED ARTICLESMORE FROM AUTHOR By News Highland – September 26, 2012 Google+center_img WhatsApp WhatsApp Man arrested in Derry on suspicion of drugs and criminal property offences released HSE warns of ‘widespread cancellations’ of appointments next week Facebook Almost 4,000 people turned out in Letterkenny in the early hours of this morning to greet the victorious Donegal All-Ireland winning football team.The panel didn’t reach Letterkenny until 1240am – over four hours behind schedule.And the proposed visit to Glenswilly, the home of captain Michael Murphy, was postponed.Meanwhile the schedule for todays tour is as follows – Termon 13.00; Downings 13.45; Naomh Mícheál 14.30; Falcarragh 15.15; Gaoth Dobhair 16.00; Maomh Muire 18.00; Dungloe 18.45; Na Rossa 19.30; Glenties 20.15It must be remembered that these times were released yesterday and are subject to change, we will let you know of any changes throughout today. Pinterest News Man arrested on suspicion of drugs and criminal property offences in Derry 365 additional cases of Covid-19 in Republiclast_img read more

Coffins no longer necessary for burial

Coffins no longer necessary for burial

first_img WhatsApp Gardai continue to investigate Kilmacrennan fire RELATED ARTICLESMORE FROM AUTHOR By News Highland – May 8, 2013 Facebook Pinterest Google+ Further drop in people receiving PUP in Donegal Main Evening News, Sport and Obituaries Tuesday May 25th Facebook The burial of bodies not enclosed in coffins will be permitted from next month.The decision is included in changes to graveyard regulations – announced by the Environment Minister Phil Hogan.Under the new rules bodies can be buried without the use of coffins in designated areas of graveyards from June 1st.It has been illegal to do so for over 120 years.The provision can be overruled by officials in cases where there is deemed to be a health or environmental risk.The change to the rule comes after concerns were expressed recently by members of the Muslim community regarding their traditional burial rituals.Jonathan Stafford is managing director of Stafford’s Funeral homes.”The way I’d see it is it’s cleaning up some…old laws – Victorian laws, common laws – and the State is obviously protecting itself in the sense that it’s allowing cemeteries bury people without a coffin, it’s as simple as that” he added. 75 positive cases of Covid confirmed in North center_img WhatsApp Previous articleKenny says arguments over the economy should stopNext articleSurvey show benefits of shopping around for car insurance News Highland Google+ Man arrested on suspicion of drugs and criminal property offences in Derry Twitter 365 additional cases of Covid-19 in Republic Twitter Coffins no longer necessary for burial Pinterest Newslast_img read more

Mac Lochlainn backs nurses ahead of Emergency Department strike action next month

Mac Lochlainn backs nurses ahead of Emergency Department strike action next month

first_img Man arrested on suspicion of drugs and criminal property offences in Derry Mac Lochlainn backs nurses ahead of Emergency Department strike action next month Facebook By admin – November 25, 2015 Pinterest Gardai continue to investigate Kilmacrennan fire Donegal Deputy Pádraig Mac Lochlainn says the overcrowding crisis at Letterkenny University Hospital is the direct result of inadequate funding, and he is backing Emergency Department nurses 100%.Yesterday it was announced Emergency Department nurses will begin strike action on December 15th, with Taoiseach Enda Kenny calling for fresh talks between the HSE and nurses.Deputy Mac Lochlainn says the hospital in Letterkenny is not being resourced properly, and that has to be addressed…………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/11/padraiginmo.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. 75 positive cases of Covid confirmed in North Twitter Homepage BannerNews Twitter Pinterestcenter_img RELATED ARTICLESMORE FROM AUTHOR Further drop in people receiving PUP in Donegal Google+ WhatsApp Facebook 365 additional cases of Covid-19 in Republic Main Evening News, Sport and Obituaries Tuesday May 25th Previous articleCanning says sewage problems on Donegal estates must be tackled urgentlyNext articleTwo Irish men killed in Perth construction accident admin WhatsApp Google+last_img read more

Lifford Father tells of ongoing heartache over missing son

Lifford Father tells of ongoing heartache over missing son

first_img The father of missing Lifford man David Colhoun has again appealed for anyone who may have information about the last movements of his son to come forward.22 year-old David hasn’t been since he escaped police custody in Strabane in the early hours of Sunday the 22nd of May – His family believe he may have entered the river in an effort to return to Lifford.Despite an extensive search, which is ongoing, not trace of David has been found.His father Joseph spoke earlier on the Shaun Doherty Show:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/06/coul530june.mp3[/podcast] Previous articleInishowen spitfire being dug up as part of BBC TV programmeNext articleCampaign group warns that LKG could be downgraded without action News Highland Google+ Man arrested on suspicion of drugs and criminal property offences in Derry 75 positive cases of Covid confirmed in North Google+ Pinterest WhatsApp Pinterest Twitter Lifford Father tells of ongoing heartache over missing son Newsx Advertscenter_img By News Highland – June 28, 2011 Main Evening News, Sport and Obituaries Tuesday May 25th Twitter RELATED ARTICLESMORE FROM AUTHOR WhatsApp 365 additional cases of Covid-19 in Republic Further drop in people receiving PUP in Donegal Facebook Facebook Gardai continue to investigate Kilmacrennan firelast_img read more

Environment Minister to overrule County Council windfarm decision

Environment Minister to overrule County Council windfarm decision

first_img Environment Minister to overrule County Council windfarm decision WhatsApp By News Highland – July 25, 2014 Pinterest WhatsApp Twitter Facebook News RELATED ARTICLESMORE FROM AUTHOR Facebook Main Evening News, Sport and Obituaries Tuesday May 25th Google+center_img It’s emerged that the Minister for Environment may overturn a decision by Donegal County Council to impose new conditions on wind-farm developments.At the end of last month County Cllrs voted to vary the County Development Plan in favour of restricting windfarms.They voted 18-11, to create a set back distance ten times the tip height of the turbines from residential properties and other population centres.Another consultation will now take place, before Minister Alan Kelly decides whether or not to overturn the Councils decision.Spokesperson for the Glenties Windfarm Information Group, Joe Brennan, says it defeats the purpose of having a public consultation:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/07/joeb.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest Previous article25-year-old Strabane to appear in court in relation to armed robberiesNext articleRockill House to be sold at public auction next month News Highland Google+ 365 additional cases of Covid-19 in Republic Further drop in people receiving PUP in Donegal Gardai continue to investigate Kilmacrennan fire Man arrested on suspicion of drugs and criminal property offences in Derry Twitter 75 positive cases of Covid confirmed in North last_img read more