Month: May 2021

Fannie Mae Targets Non-Profits With Delinquent Pool

first_img  Print This Post Fannie Mae Targets Non-Profits With Delinquent Pool Related Articles in Daily Dose, Featured, News, Secondary Market Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily “Selling severely delinquent loans can benefit communities and reduce risk for taxpayers.  We will continue to structure pool sales to encourage participation from non-profits and minority- and women-owned businesses.”Joy Cianci, Fannie Mae Share Save April 13, 2016 1,218 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago 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 agocenter_img About Author: Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Fannie Mae Targets Non-Profits With Delinquent Pool Demand Propels Home Prices Upward 2 days ago “The non-performing loans that are included in today’s sale announcement have been previously solicited for loss mitigation opportunities by Fannie Mae servicers, but they unfortunately remain seriously delinquent. We believe other investors will offer additional opportunities for these borrowers to avoid foreclosure. We are also pleased to build on the success of our Community Impact Pool sales,” said Joy Cianci, Fannie Mae’s SVP for Single Family Credit Portfolio Management. “Selling severely delinquent loans can benefit communities and reduce risk for taxpayers.  We will continue to structure pool sales to encourage participation from non-profits and minority- and women-owned businesses.”Agency NPL sales practices have come under intense criticism recently from progressive groups and housing advocates who claim that the Wall Street investors and private equity firms that buy up a majority of the delinquent loans are interested only in financially benefiting from the foreclosure crisis and not in stabilizing neighborhoods or achieving the best borrower outcomes. A coalition is currently circulating a petition demanding that HUD Secretary Julián Castro reform HUD’s distressed loan sale program to require the loans to be sold to non-profits.Both FHFA and HUD have made changes to their respective distressed loan sale programs in the last year aimed at improving borrower outcomes. FHFA announced enhanced requirements for bidders in Fannie Mae’s and Freddie Mac’s NPL sales in March 2015. Among other requirements, the terms of Fannie Mae’s NPL transactions require the owner of the loan to market the property exclusively to owner-occupants and non-profits before offering it to investors when foreclosure cannot be avoided.Click here for more information on Fannie Mae’s NPL sales or to register to bid. Previous: ALAW Expands Into North Carolina Next: Republicans’ Assault on Dodd-Frank Continues Tagged with: Community Impact Pool Deeply Delinquent Loans Fannie Mae Non-Performing Loans Non-Profits Community Impact Pool Deeply Delinquent Loans Fannie Mae Non-Performing Loans Non-Profits 2016-04-13 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Housing advocates have been calling for government agencies to sell more non-performing mortgage loans to non-profits. With the announcement of Fannie Mae’s latest non-performing loan (NPL) auction, they are partially getting their wish.Fannie Mae’s latest NPL auction includes a smaller pool of geographically-concentrated, high occupancy loans marketed to encourage participation from non-profits, smaller investors, and minority- and women-owned businesses (MWOBs), according to an announcement from Fannie Mae.The NPL sale includes four larger pools of loans with a combined 8,200 deeply delinquent single-family residential mortgage loans totaling approximately $1.5 billion in unpaid principal balance (UPB). The sale also includes a smaller Community Impact Pool featuring 80 non-performing loans focused in the Miami, Florida area, totaling about $20 million in UPB, available to qualified bidders.Community Impact Pools are targeted to include participation from non-profits, smaller investors, and MWOBs. The Community Impact Pool up for bids is the third being offered by Fannie Mae since it began selling non-performing loans last year; the winner of both of the previous two Community Impact Pools was non-profit New Jersey Community Capital.Bids are due from qualifying bidders for the four larger pools on May 5 and for the Community Impact Pool on May 19, according to Fannie Mae. Subscribelast_img read more

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The Industry Pulse: New Executives, New Technology

first_img 2020-10-29 Christina Hughes Babb October 29, 2020 1,145 Views Sign up for DS News Daily Subscribe From new appointments and research to new technology and accolades,get the latest buzz on the industry in this update.The founder of Orlans PC in Troy, Michigan, Linda Orlans, has been selected by the Michigan Supreme Court to serve on the state’s Attorney Discipline Board (ADB).She is one of six lawyers appointed for a three-year term. The board is responsible for reviewing allegations of misconduct of lawyers.“It is a great honor to serve as a member of the ADB. I look forward to working with the esteemed members of the Board to assure the standards of our profession are maintained at the highest ethical level,” said Orlans, who founded the multi-state law firm focused on real estate law.She also has founded or acquired numerous companies in the legal, real estate, and title industries._____________________________________________________________________________________Online real estate marketing platform, Hubzu, announced its new mobile app that will give residential real estate buyers on-the-go access to the power and functionality of the Hubzu platform, the company said. With this new app, Hubzu now provides even more tools for buyers to find, research, and bid on homes in a competitive auction format for all types of residential real estate, including retail, short sales, foreclosures and REO. By the end of the year, the mobile app will also include proxy bidding capabilities to make it easier for buyers to acquire homes at foreclosure sales from anywhere in the world. It will also pair directly with the new Hubzu foreclosure app available in October that will provide fully integrated search, research and bidding capabilities for live on-site foreclosure sales.“Our app is a must-have for real estate investors,” said Michael Jansta, General Manager of Hubzu. “It’s the ultimate mobile tool for helping buyers increase their portfolios by leveraging data and technology to discover, research and acquire properties. It’s reflective of our commitment to invest in technology and continuously improve the Hubzu marketplace.”_____________________________________________________________________________________Lewisville, Texas-based Mortgage Contracting Services (MCS) a national provider of residential and commercial property services, is pleased to welcome Jason R. Myers as VP of Business Development.Myers brings more than 17 years’ of mortgage and real estate sales and business development experience to MCS. He will oversee new client acquisition, emerging market expansion, new product growth with existing clients, and sales strategy.“Jason will strengthen our team with his sales and business development background as we continue to navigate this unique economic environment,” said MCS CEO Caroline Reaves.“Our services offer an exceptional value proposition during these challenging times for our customers because they are designed to minimize costs, mitigate risks and improve efficiency.” Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / The Industry Pulse: New Executives, New Technology The Industry Pulse: New Executives, New Technology The Best Markets For Residential Property Investors 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 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.  Print This Post Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: MCS Adds New VP of Business Development Next: A Snapshot of FHFA’s Affordable Housing Goals Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Related Articles in Daily Dose, Featured, Newslast_img read more

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Paint-bomb thrown at Derry Ulsterbus driver

first_img 448 new cases of Covid 19 reported today Three factors driving Donegal housing market – Robinson By News Highland – July 21, 2010 RELATED ARTICLESMORE FROM AUTHOR Twitter Google+ Facebook Pinterest WhatsApp WhatsApp Twitter Previous articleGardai seeking to interview three people in relation to Andrew Burns murderNext articleGweebara group calls for changes to planning law News Highland center_img Pinterest Guidelines for reopening of hospitality sector published News Google+ A bus driver has been left badly shaken after a paint-bomb was thrown at him in the Hazelbank area of Derry.A youth threw the bottle into the open door of the bus on Monday night.The bottle did not break, but the driver was left covered in paint.Translink withdrew its service in the area after the incident and said it will do so again if buses are attacked.Local Councillor, Billy Page, spoke to the PSNI yesterday, and he confirmed there were a number of incidents in the area over the past couple of days.[podcast]http://www.highlandradio.com/wp-content/uploads/2010/07/bill1pm.mp3[/podcast] Paint-bomb thrown at Derry Ulsterbus driver NPHET ‘positive’ on easing restrictions – Donnelly Facebook Help sought in search for missing 27 year old in Letterkenny Calls for maternity restrictions to be lifted at LUH last_img read more

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Public invited to Downings anti-crime meeting

first_img A Community Alert Neighbourhood Watch meeting will take place in Downings next week in the local GAA Centre.Everyone is invited to the meeting, including other interested nearby communities and areas.The meeting will take place on Wednesday October 19th at 730pm.Sergent Christy Galligan from Carrigart Garda Station, said the neighbourhood watch scheme will help everyone in the community:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/10/chris830down.mp3[/podcast] Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook WhatsApp Google+ Calls for maternity restrictions to be lifted at LUH WhatsApp Pinterest Twitter Previous articleLK Councillor wants improved gritting programmeNext articleDerry man in the High Court on child abduction charges News Highland Pinterestcenter_img Newsx Adverts Google+ By News Highland – October 12, 2011 RELATED ARTICLESMORE FROM AUTHOR Three factors driving Donegal housing market – Robinson Public invited to Downings anti-crime meeting Facebook Guidelines for reopening of hospitality sector published LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

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Letterkenny Town Council budget meeting tonight

first_img Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey WhatsApp Pinterest Facebook Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector published Twitter By News Highland – December 20, 2012 Letterkenny Town Council will meet tonight in a bid to pass its own budget, with a freeze on commercial rates proposed.In his introduction to the budget, the County Manager says the Council is conscious of the difficult times that the business community are experiencing at present. Seamus Neely adds that ratepayers represent a significant amount of the Council’s income, therefore it is essential that budgetary decisions do not undermine competitiveness and include initiatives that complement business activity.The proposed budget for Letterkenny Town Council provides for a total expenditure of almost €7.8 million euro next year, 5.6 million euro of which will go towards revenue expenditure and 2.2 million to pay for services provided by Donegal County Council.Over half the total budget, €4.3 million, will have to be raised through commercial rates, with County Manager Seamus Neely saying for the second year in a row, there will be bno increase in the rates imposed on local businesses.After the county charge, the biggest expenditure item is pay, with Letterkenny Town Council paying staff almost 1.9 million euro, or 25% of the total.With the government intending to scrap town councils in two years time, councillors will be anxious to point out that the total set aside for member costs is 88,600 euro, just over 1% of the council’s total expenditure. News Google+ WhatsAppcenter_img Letterkenny Town Council budget meeting tonight Google+ Twitter RELATED ARTICLESMORE FROM AUTHOR Three factors driving Donegal housing market – Robinson Facebook Previous articleIreland fined for failing to deal with septic tanksNext articleMayor’s Christmas message to Donegal people at home and abroad News Highland LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Almost 10,000 appointments cancelled in Saolta Hospital Group this week Pinterestlast_img read more

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President Higgins begins 4 day state visit to the UK

first_img Google+ Calls for maternity restrictions to be lifted at LUH Facebook By News Highland – April 8, 2014 Pinterest Google+ Minister McConalogue says he is working to improve fishing quota WhatsApp Twitter Facebook Britain’s Queen Elizabeth has formally welcomed the President to the UK – for his 4 day State visit.Michael D Higgins and his wife Sabina were greeted by the British monarch and her husband Prince Philip in Windsor.The President’s other engagements today will include an address at the Houses of Parliament in Westminister.From Windsor Castle – Fergal O’Brien reports.Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/04/fergl3pmVISIT.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Guidelines for reopening of hospitality sector published center_img Twitter WhatsApp RELATED ARTICLESMORE FROM AUTHOR Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week News LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Previous articleGardai appeal for witnesses to Sligo Town assaultNext articleVictory for campaigners as Health Minister green lights specialist nurse for children with diabetes News Highland Need for issues with Mica redress scheme to be addressed raised in Seanad also President Higgins begins 4 day state visit to the UKlast_img read more

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Summary of Michael Noonan’s Budget 2013 measures

first_img Dail to vote later on extending emergency Covid powers Man arrested in Derry on suspicion of drugs and criminal property offences released Facebook Summary of Michael Noonan’s Budget 2013 measures WhatsApp PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Finance Minister Michael Noonan has been presenting Budget 2013 to the Dail.It contained tax raising measures amounting to one and a quarter billion euro and cuts in spending amounting to 2.2 billion.Central to budget was the much flagged property tax. It will kick in next summer and will be charged at 0.18 percent of the value of your home. A so called mansion tax for houses valued at over a million euro will also be introduced at a rate of 0.25 percent.Local authorities are to be given the power to vary the tax by 15 percent above or below the national rate to better match their funding needs.But there’s bad news if you own more than one house. Next year you will have to pay the second home charge along with the new property tax. The second home charge will be phased out in 2014.There are to be changes to PRSI contributions. The 127 euro weekly tax free allowance is to be scrapped with PRSI being paid on all income instead.Landlords and people with shares will not escape either. PRSI is now to be charged on rental income and share earnings.Pensioners are also in the firing line. Those with high incomes are to be hit with a 3 point increase in the Universal Social Charge on incomes over 60,000 euro.Savers will see DIRT on interest go up to 33 percent from thirty, other capital taxes such as capital gains tax are also being increasedMotor tax is going up as is VRT however petrol and diesel have been spared any rise.Some of the so called old reliable’s haven’t escaped either. Cigarettes are to increase by 10 cent per pack of 20, A pint of beer or cider will increase by 10 cent from Midnight but if your a wine drinker, a bottle is going up by one euro. Twitter Man arrested on suspicion of drugs and criminal property offences in Derry Pinterest RELATED ARTICLESMORE FROM AUTHOR Twittercenter_img Pinterest Google+ Dail hears questions over design, funding and operation of Mica redress scheme WhatsApp By News Highland – December 5, 2012 News Previous articleBudget 2013 – as it unfoldedNext articleDonegal Deputy Pearse Doherty slams Budget 2013 News Highland HSE warns of ‘widespread cancellations’ of appointments next week Google+ Facebooklast_img read more

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Concerns raised after over a dozen accidents on Derrybeg road in a year

first_img Main Evening News, Sport and Obituaries Tuesday May 25th Twitter Facebook WhatsApp Previous articleOnly urgent medical cases being dealt with at Letterkenny HospitalNext articleMacCumhaill Park named to host Donegal Tyrone in Ulster fixtures draft News Highland Man arrested on suspicion of drugs and criminal property offences in Derry Pinterest RELATED ARTICLESMORE FROM AUTHOR Pinterest Twitter Concerns raised after over a dozen accidents on Derrybeg road in a year By News Highland – October 15, 2014 center_img Google+ 75 positive cases of Covid confirmed in North Google+ WhatsApp Concerns have been raised about a dangerous stretch of road in Gweedore were there has been more than a dozen accidents during the past twelve months.It’s understood that up twenty-five cars have went off the Meenanillar Road in Derrybeg in the past year.Cllrs are concerned that someone could be seriously injured as Derrybeg School and Aras Gweedore old peoples home are situated along the road.Cllr Micheal Cholm Mac Giolla Easpaig says someone could be killed if remedial works are not carried out:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/10/meehal.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Homepage BannerNews 365 additional cases of Covid-19 in Republic Further drop in people receiving PUP in Donegal Facebook Gardai continue to investigate Kilmacrennan firelast_img read more

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Protest in support of Greenfield Home in Strabane this afternoon

first_img Man arrested on suspicion of drugs and criminal property offences in Derry Protest in support of Greenfield Home in Strabane this afternoon News WhatsApp 365 additional cases of Covid-19 in Republic 75 positive cases of Covid confirmed in North Further drop in people receiving PUP in Donegal Twitter People in Strabane are being urged to attend a protest march in the town this afternoon in support of Greenfield home.The residential care home had been threatened with closure recently.The meeting point for the protest march, which is being organised by the Friends of Greenfield Home, is at Longs car park at 2 o clock.Protestors will then make their way to Abercorn Square.Brian Mooneys mother is a resident of Greenfield, he is urging people to attened this afternoon…..[podcast]http://www.highlandradio.com/wp-content/uploads/2013/05/brianweb.mp3[/podcast] Google+ RELATED ARTICLESMORE FROM AUTHOR Facebookcenter_img Twitter Facebook Previous articleSion Mills man jailed for 14 years in GreeceNext articleStrabane Parish Priest urges everyone in town to vote for Ryan Dolan News Highland By News Highland – May 18, 2013 Google+ Pinterest Main Evening News, Sport and Obituaries Tuesday May 25th Pinterest WhatsApp Gardai continue to investigate Kilmacrennan firelast_img read more

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Harkin says a fairer way of distributing CAP payments must be found

first_img Pinterest Harkin says a fairer way of distributing CAP payments must be found By News Highland – March 20, 2013 Facebook Twitter Man arrested on suspicion of drugs and criminal property offences in Derry Further drop in people receiving PUP in Donegal 365 additional cases of Covid-19 in Republic Pinterest 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan fire Google+center_img Google+ Twitter Previous articleTwo in court in connection with Falcarragh assaultNext articleDonegal Mediation Network to be officially launched next week News Highland RELATED ARTICLESMORE FROM AUTHOR News WhatsApp Main Evening News, Sport and Obituaries Tuesday May 25th The Minister for Agriculture has hailed the deal on the reform to the Common Agricultural Policy as a major step forward for all in the agri-sector.The agreement follows two days of intense talks in Brussels chaired by Simon Coveney.The deal will now have to be finalised by the EU Council, the European Parliament and the European Commission – with an agreement set to be reached by June.The Irish Farmers Association has said the deal contains “important flexibilities” – but the group maintain that farmers will still lose a significant amount of money.Independent MEP Marian Harkin. She says Minister Coveney’s proposals don’t go far enough to ensure a fairer distribution of EU funds in Donegal.She says with more discussions due in the coming weeks, agreement can be found………..[podcast]http://www.highlandradio.com/wp-content/uploads/2013/03/mhark530.mp3[/podcast] Facebook WhatsApplast_img read more

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