Bank of America Offering Five Pools of Delinquent Loans For Sale Worth $1.2 Billion

first_imgHome / Daily Dose / Bank of America Offering Five Pools of Delinquent Loans For Sale Worth $1.2 Billion Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago August 7, 2015 1,691 Views Bank of America Delinquent Mortgage Loans Non-Performing Loans 2015-08-07 Brian Honea Sign up for DS News Daily 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Bank of America is offering five pools of residential mortgage loans for sale totaling $1.2 billion that range in status from current to modified to non-performing, according to multiple media reports on Friday.Citing a “person with knowledge of the matter,” Bloomberg reported that although some of the loans being offered are current, most are in some stage of delinquency. According to the report, Bank of America is servicing four of the pools and Ocwen is servicing the other.Bank of America spokesman Dan Frahm would not confirm or deny that the bank was offering the loans for sale, stating that the bank didn’t comment on “market rumor or speculation.” A spokesman from Ocwen did not immediately respond to a request for comment.The loans being offered for sale by Bank of America are the latest in a series of sales lenders have offered this year in an attempt to remove non-performing loans from their portfolios and at the same time meet investor demand for distressed real estate as foreclosure inventory continues to shrink. According to Mission Capital Advisors, banks that are trying to build more capital and that are facing stricter regulations have sold or offered $18 billion worth of defaulted residential mortgage loans in 2015 alone. That number is slightly ahead of last year’s pace, when banks sold $32 billion worth of defaulted residential mortgage loans, according to Mission.The private market is not the only place where NPL sales are taking place. In the secondary market, Fannie Mae and Freddie Mac have executed several NPL sales in the last year. Freddie Mac, in five of its Standard Pool offerings combined, has sold about $2.76 billion worth of deeply delinquent single-family residential mortgage loans since July 2014. Fannie Mae sold its first-ever bundle of non-performing loans in May 2015, worth $762 million, and announced its second such sale in late July on a bundle of NPLs worth $788 million. in Daily Dose, Featured, News  Print This Postcenter_img Tagged with: Bank of America Delinquent Mortgage Loans Non-Performing Loans Servicers Navigate the Post-Pandemic World 2 days ago Previous: Will Recent Job Gains Be Enough to Convince the Fed to Raise Rates in September? Next: Fannie Mae Finds Lower Confidence Among Homeowners in July Related Articles The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Bank of America Offering Five Pools of Delinquent Loans For Sale Worth $1.2 Billion Share Savelast_img read more

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Fannie Mae: Expect Housing Expansion Next Year Despite Persistent Headwinds

first_img The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Economic Forecast Fannie Mae Housing Market U.S. Economy 2015-12-15 Brian Honea Tagged with: Economic Forecast Fannie Mae Housing Market U.S. Economy Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fannie Mae: Expect Housing Expansion Next Year Despite Persistent Headwinds Demand Propels Home Prices Upward 2 days ago Previous: DS News Webcast: Wednesday 12/16/2015 Next: Summit Valuations Unveils a New Website for 2016 Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save  Print This Post Demand Propels Home Prices Upward 2 days agocenter_img About Author: Brian Honea Soft economic growth in Q4 to this point has done nothing to change Fannie Mae’s forecast for economic growth forecast for 2016, as current economic conditions suggest that that a long-anticipated increase in the federal funds target rate will be announced Wednesday afternoon, according to Fannie Mae’s December 2015 Economic Outlook released Tuesday.Despite persistent economic headwinds, Fannie Mae’s Economic &Strategic Research (ESR) Group is predicting real GDP growth at a rate of 2.2 percent for the entire year of 2015 in its December forecast. The rate of GDP growth is expected to rise to 2.4 percent for 2016. Both numbers are consistent with the ESR Group’s prior forecasts. Real consumer spending is expected to pick up in 2016 after slowing in Q4 amid a tightening labor market and declining gasoline prices, which the ESR group expects will offset some of those persistent headwinds.Other factors that remain downside risks to growth include the possibility of a sharp slowdown in China and other emerging market economies, a further rise in the dollar, and geopolitical turmoil, according to the ESR Group.“After a year of modest improvement, we continue to believe economic growth will close out 2015 at 2.2 percent before gaining momentum early in 2016,” said Fannie Mae Chief Economist Doug Duncan. “Overall conditions suggest the Fed will begin to raise the fed funds rate at the December Federal Open Market Committee meeting, but we don’t expect the financial markets to experience any sizable shocks as a result.”While the ESR group expects home sales to remain subdued for the near term, they noted that private residential construction has been strong in Q4 and that housing demand is up headed into 2016. The result will be an increase in total home sales for the year, according to the ESR Group.“The rebound in purchase applications suggests that sales will gain momentum in the first quarter after retreating slightly in the current quarter,” Duncan said. “For all of 2016, total home sales are projected to rise 3.9 percent. We believe that further easing of mortgage lending standards will combine with a positive household formation outlook to help the housing sector expand.”The lack of housing inventory this year has been more problematic for the existing home market, according to the ESR Group. The drop in for-sale inventory of 4.5 percent in October was the largest in two years, and only twice this in 2015 did for-sale inventory increase on a year-over-year basis. One reason for the thin existing home inventory is that institutional investors are taking advantage of the high demand for rent by holding housing units as rentals.“We do not expect the inventory crunch to ease substantially next year, and the situation could get worse if geographic mobility declines or if homeowners are locked in with low interest rate mortgages in a rising rate environment,” the ESR Group said in its report.Despite volatility in the market this year, home sales are poised to have their best year since 2007 with an increase of 7.4 percent up to 5.8 million units.Click here to view the Fannie Mae ESR Group’s site, which contains all the December 2015 data. Servicers Navigate the Post-Pandemic World 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago December 15, 2015 1,240 Views Home / Daily Dose / Fannie Mae: Expect Housing Expansion Next Year Despite Persistent Headwinds Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 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. 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Smaller Cities Winning Big in Rental Demand

first_img About Author: Mike Albanese  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Economy: Recovery From Great Recession ‘Largely Uneven’ Next: Survey: Default Rates Expected to Grow Home / Daily Dose / Smaller Cities Winning Big in Rental Demand The Week Ahead: Nearing the Forbearance Exit 2 days ago Smaller Cities Winning Big in Rental Demand Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save January 23, 2020 1,354 Views center_img 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 Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Related Articles Tagged with: Affordability large cities rental demand in Daily Dose, Featured, News Data from Zumper found that smaller cities on the outskirts of larger metropolitan areas are experiencing rent growth as affordability issues linger across the nation. Oakland, California, saw a 62% increase in rental demand from 2018 to 2019, while San Francisco’s demand grew by 23%. The report states many renters are being priced out of San Francisco, with rental prices hovering around $3,500. Other satellite cities that saw larger rental demand as opposed to their larger neighbors were: Scottsdale, Arizona (62% compared to Phoenix’s 22%) and St. Paul, Minnesota (33% compared to Minneapolis’ 21%). Zumper states that Dallas and Minneapolis saw rents decline over the past year, falling 4% and 2%, respectively. Their respective satellite cities—Fort Worth, Texas; and St. Paul—both recorded growth of 4%. CoreLogic recently reported that single-family rent prices rose 3.1% annually, which is being propped up by low-end rentals with prices less than 75% of the regional average. Low-end rentals were up 3.6% year-over-year in October 2019.The increase in single-family rental prices was fueled by the low rental home inventory, but price growth has slowed since February 2016. High-end rental prices grew alongside low-end, up by 2.9% from October 2018.“Increases in low-end rent prices have outpaced those on the high end for more than five years as newly-formed households push up demand for entry-level rentals,” said Molly Boesel, Principal Economist at CoreLogic. “However, high-end rents gained momentum for the sixth consecutive month in October 2019, while low-end rates slowed for the first time in roughly five months–resulting in the narrowest gap in rent growth for these price tiers since 2014.”By region, Phoenix had the highest year-over-year increase in single-family rents in October 2019 at 6.8%. Following Phoenix, Seattle took the second-highest rent price growth in October 2019 with gains of 5.8% and 5.4%. Phoenix, alongside Seattle, had high year-over-year rent growth driven by annual employment growth of 2.6% and 2.9%.Phoenix and Seattle’s year-over-year rent growth was driven largely by annual employment growth of 2.6% and 2.9%, respectively, larger than the national average of 1.4%. Demand Propels Home Prices Upward 2 days ago Affordability large cities rental demand 2020-01-23 Mike Albanese Subscribelast_img read more

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Treacherous road conditions in Donegal

first_img By News Highland – November 15, 2010 Need for issues with Mica redress scheme to be addressed raised in Seanad also WhatsApp Pinterest Facebook Google+ Pinterest RELATED ARTICLESMORE FROM AUTHOR Caution is being advised on all roads in Donegal this morning as a result of first and icy conditions. Gardai say there have been a number of incidents of cars leaving the road, but no serious accidents have been reported.  Conditions have been described as treacherous in places.Conditons are improving, but continued care is being urged, with gardai saying motorists should slow down and allow extras time for journies. Calls for maternity restrictions to be lifted at LUH News Twittercenter_img Facebook Treacherous road conditions in Donegal Almost 10,000 appointments cancelled in Saolta Hospital Group this week Previous articleMallaghderg whale part of Rutland pod – IWDGNext articleTime for decision on Rutland whales disposal News Highland LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Guidelines for reopening of hospitality sector published Twitter Google+ Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey WhatsApplast_img read more

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Coveney wants junior minister to stay, despite court judgement

first_imgNews Coveney wants junior minister to stay, despite court judgement WhatsApp Pinterest Google+ Google+ Facebook Pinterest Calls for maternity restrictions to be lifted at LUH Twitter Previous articleBaby prince yet to be named by Royal parentsNext article4.4 million euro announced for development of Letterkenny General Endoscopy Unit News Highland A senior Fine Gael Minister says he is confident that Junior Minister John Perry will be able to remain on in his job despite a 2.47 million euro judgement against him and his wife in the commercial court yesterday.The judgement related to a 2.42 million euro loan advanced to the couple by Danske Bank in October 2011.It is speculated the judgement may put pressure on Minister Perry given his position as the Minister of State for Small Business.The Minister for Agriculture Simon Coveney says he hopes that is not the case.”I think he can relate to a lot of small business because he’s a small business person himself, and he understands the pressures of the last number of years on lots and lots of business people and lots of families” he said.”My view on John is that he’s done a really, really good job as a minister for responsibility of small business and I’m confident he’ll be able to stay in that position” he added.center_img Facebook By News Highland – July 23, 2013 Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey RELATED ARTICLESMORE FROM AUTHOR Twitter Guidelines for reopening of hospitality sector published 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 WhatsApp Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

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Farmers say college grant system is unfair

first_img Previous articleEvidence served on Sean FitzpatrickNext articleDonegal Gardai tell Commisioner of concerns over pay and equipment News Highland Farmers say college grant system is unfair Facebook Facebook News Twitter By News Highland – March 1, 2013 WhatsApp WhatsApp Pinterest Minister McConalogue says he is working to improve fishing quota Google+center_img Need for issues with Mica redress scheme to be addressed raised in Seanad also Twitter 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report RELATED ARTICLESMORE FROM AUTHOR Guidelines for reopening of hospitality sector published Pinterest Farmers say a proposed new means test for the college grant will deny their children a third level education.The Education Minister is looking at including assets worth over three quarters of a million euro in the means test.At present, parents’ income is what’s assessed in deciding on eligibility for a college grant.But Ruairi Quinn is said to be looking at including farm machinery, land and other assets as part of the test.Labour TD for Dublin North Central Aodhán O’Riordán says the current system isn’t fair: Almost 10,000 appointments cancelled in Saolta Hospital Group this week LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Google+last_img read more

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Court told man threatened to kill former partner

first_imgNewsx Adverts Guidelines for reopening of hospitality sector published Google+ Facebook Pinterest 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Previous articleMajor power outage in DerryNext articlePM on body of Caolan Page will take place tomorrow News Highland WhatsApp Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Court told man threatened to kill former partner Almost 10,000 appointments cancelled in Saolta Hospital Group this week center_img Minister McConalogue says he is working to improve fishing quota A man allegedly told his former partner he would cut her throat and ‘cut her into little pieces’ after she refused to give him money Derry Magistrate’s Court heard today.40 year old Charles O’Donnell of 19, Market Street was charged with assaulting the woman and making threats to kill against her on October 15th.A police officer told the court that shortly after 3 o’clock on Saturday, the alleged injured party contacted them to say her former partner had demanded money and when she refused he made the threats against her.She also claimed he told her if he was arrested for this he would come back and kill her.He then threw a child’s toy and a plastic bottle at her.The court was told O’Donnell had 25 previous convictions.Defence solicitor Mr. Seamus Quigley told the court the offences would be denied.O’Donnell was granted bail of £500 on condition he has no contact whatsoever with the alleged injured party.He will appear again on November 17. Pinterest Need for issues with Mica redress scheme to be addressed raised in Seanad also WhatsApp Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR Twitter By News Highland – October 17, 2011 last_img read more

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Senator Doherty: Dole figures do not tell the full story

first_img Google+ Facebook By News Highland – August 6, 2010 Dail to vote later on extending emergency Covid powers Pinterest Google+ Twitter PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Facebook Senator Doherty: Dole figures do not tell the full story Twitter Pinterestcenter_img WhatsApp Previous articleBuilding may have to be demolished after bomb attackNext articleMinister’s MacGill address cost 100,000 euro News Highland Man arrested in Derry on suspicion of drugs and criminal property offences released Newsx Adverts RELATED ARTICLESMORE FROM AUTHOR Dail hears questions over design, funding and operation of Mica redress scheme Sinn Fein activists are holding a day of protest across the country today as local unemployment figures are published.Protests and pickets will take place at TD’s and Ministers offices and  town centres.Sinn Fein says the protests are intended to increase the pressure on the government to take action to create jobs.Senator Pearse Doherty says that yesterdays Live Register figures don’t paint an accurate picture of the true extent of unemployment in this country.The Donegal Senator said the number of people who have lost their jobs is much higher and many have or will emigrate: HSE warns of ‘widespread cancellations’ of appointments next week WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more

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Public art piece vandalised on Barnesmore Gap

first_imgNewsx Adverts Twitter By News Highland – December 1, 2010 Public art piece vandalised on Barnesmore Gap 365 additional cases of Covid-19 in Republic Google+ WhatsApp Pinterest RELATED ARTICLESMORE FROM AUTHOR WhatsApp 75 positive cases of Covid confirmed in North Facebookcenter_img Further drop in people receiving PUP in Donegal Twitter Pinterest Previous articleGaa – Murphy Named Donegal CaptainNext articleJCB sought after serious damage to Lackagh Bridge News Highland Man arrested on suspicion of drugs and criminal property offences in Derry Facebook One of Donegal’s most recently installed pieces of public art has been vandalised. The Map Wall at Barnesmore Gap has been defaced with republican slogans. One side of the walls contains reproductions of 19th century letters about Donegal placenames, the other, a relief map of the county.Terre Duffy is Public Arts Manager in the county. She says the wall was moved to Barnesmore Gap so that it would be seen by the maximum number of local people and visitors.For this to happen, she says, is outrageous……….[podcast]http://www.highlandradio.com/wp-content/uploads/2010/12/terre530.mp3[/podcast] Main Evening News, Sport and Obituaries Tuesday May 25th Google+ Gardai continue to investigate Kilmacrennan firelast_img read more

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Strabane man cleared of allowing his basement to be used by paramilitaries

first_img Twitter Pinterest RELATED ARTICLESMORE FROM AUTHOR Strabane man cleared of allowing his basement to be used by paramilitaries Twitter News Google+ WhatsApp Facebook 75 positive cases of Covid confirmed in North Google+ A Strabane man has been cleared of allowing his basement to be used by paramilitaries.James McGettigan, was found not guilty of providing property for terrorism.The case was brought after photographs showing five masked and armed men apparently holding a bound and hooded drug dealer hostage appeared in the Strabane Chronicle.The article also included a statement from Republic Action Against Drugs  warning drug dealers of violent reprisals in May 2010.It had been the Crown case that McGettigan, from the Urney Road  had allowed his basement to be used and also that he had appeared in the photograph as one of the masked captors.A photograph comparison expert gave evidence that markings on the basement wall in the photograph showed it had been taken in the basement of the Derry Road property.A facial mapping expert also gave evidence that similarities between the visible features of the masked man and McGettigan also lent “moderate support” to the contention that he was in the image.However Judge McFarland said he could not be sure beyond reasonable doubt that McGettigan was in the picture nor when it had actually been taken.He told the court it was as a result of those findings that he was finding McGettigan not guilty on the single count he faced.center_img Man arrested on suspicion of drugs and criminal property offences in Derry Previous articleNorthern Ireland Executive reaffirms commitment to A5Next articleCouncillor predicts metering process will cause Donegal’s water network to fall apart News Highland Main Evening News, Sport and Obituaries Tuesday May 25th Further drop in people receiving PUP in Donegal Pinterest 365 additional cases of Covid-19 in Republic WhatsApp By News Highland – May 13, 2013 Facebook Gardai continue to investigate Kilmacrennan firelast_img read more

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