DSNews Webcast: Thursday 10/2/2014

first_img October 1, 2014 739 Views Related Articles The nation’s serious delinquency rate on single-family mortgage loans for August was the lowest it has been in six years, according to Fannie Mae’s August 2014 Monthly Summary released recently. Fannie Mae reported the serious delinquency rate for August to be 1.99 percent, which is its lowest level since October 2008 – a month after Fannie Mae’s conservatorship under the Federal Housing Finance Agency began. The August rate was down slightly from the 2.00 percent that was reported for July and down from 2.61 percent that was reported in August 2013.Since the serious delinquency rate has fallen by 0.62 percentage points in the last year, analysts say the rate could fall below the “normal” level of 1.0 percent sometime in 2016, although declines have come at a slower pace in recent months. The serious delinquency rate reached its peak of 5.59 percent in February 2010. Fannie Mae reported that more than 9,300 permanent loan modifications were completed in August, making a total of more than 88,200 loan modifications year-to-date through August 31, 2014.RealtyTrac named 16 U.S. counties as high-risk, high-yield hot spots for single-family rental investing in its Q3 2014 Residential Property Rental Report released today. All of the 16 counties had a 14 percent or higher annual gross rental yield; an employment rate above 6.2 percent, which was the national average in July 2014; and a rental vacancy rate above the national average, which was 8.7 percent as of the end of 2012. Edegcombe County in North Carolina, part of the Rocky Mount, North Carolina, metro area, was at the top of the list for investment hot spots with a 41.57 percent annual gross yield. Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago DSNews Webcast: Thursday 10/2/2014 Previous: Report Identifies Hot Spots for Single-Family Rental Investing Next: Foreclosure Inventory Plummets Year-Over-Year in August Servicers Navigate the Post-Pandemic World 2 days ago Home / Featured / DSNews Webcast: Thursday 10/2/2014 Servicers Navigate the Post-Pandemic World 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago in Featured, Media, Webcasts Sign up for DS News Daily 2014-10-01 Jordan Funderburk About Author: Jordan Funderburk Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

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Fannie Mae Makes the Grade

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago **The monthly summary report contains information about Fannie Mae’s monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications. Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/FannieMae.** The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Fannie Mae Makes the Grade 2017-06-29 Brianna Gilpin Fannie Mae Makes the Grade Governmental Measures Target Expanded Access to Affordable Housing 2 days ago June 29, 2017 1,230 Views Subscribe Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Previous: Survey Says. . . Next: Greg McCoskey Joins NTC as Lead General Counselcenter_img Share Save Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brianna Gilpin Demand Propels Home Prices Upward 2 days ago Fannie Mae’s monthly summary showed a compound annualized growth rate of 1.5 percent for May 2017, an increase of 0.2 percent from the 1.3 percent annual growth rate shown in April. Fannie Mae’s book of business also increased at a compound annualized rate of 1.5 percent.Fannie Mae also reported that the conventional single-family serious delinquency rate decreased three basis points to 1.04 percent in May, from 1.07. A year prior, the overall rate was 1.38 percent. The multifamily serious delinquency rate remained flat at 0.04 percent, which is a 0.01 percent decrease year-over-year.The first five months of 2016 showed 1.8 percent monthly growth year-to-date. Fannie Mae’s total book of business showed a compound annual growth rate of 1.4 percent for all of 2016, which compares with a 1.8 percent compound growth rate year to date in 2017. Fannie Mae’s gross mortgage portfolio increased temporarily in April and came back down in May to $255,721 from $278,462. For the full year in 2016, total mortgage portfolio end balance was 272,354.Fannie Mae added that it had completed 7,210 loan modifications in April. Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News Related Articleslast_img read more

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Starter Homes vs. Renting: Where Homeowners Can Save

first_img  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Journal In a report released Wednesday by Trulia, a handful of cities contain starter homes that cost less than living in a rental in the long-term. While moving in with a roommate vs. living alone is guaranteed to cut your payments in half, starter homes can be a wiser long-term investment. If getting a roommate is necessary, it will be easier to do so in the larger space a starter home provides compared to a rental unit. In the report, Trulia assumes buyers are making the choice to take on a 30-year fixed rate loan and paying 20 percent upfront if they buy, but based on the data, “buying a home is 37.4 percent cheaper for households who move every seven years” than renting. When Trulia accounted for the total monthly costs of buying a starter home, including mortgage payments, maintenance, insurance, and taxes, Michigan, Florida, Alabama, Pennsylvania, and Tennessee all contained cities showing starter homes to be 50 percent cheaper to buy than renting a housing unit with someone else over seven years. The cities include Detroit, West Palm Beach, Birmingham, Philadelphia, Memphis, and Knoxville respectively.In Detroit, a starter home can be purchased for as low as $16,463, whereas a home in West Palm Beach can be purchased for $107,083. Homes in Birmingham, Philadelphia, Memphis and Knoxville can all be purchased for less than $60,000 based on Trulia’s data. Still, it’s important to act on these starter homes quickly, as Trulia’s recent Price and Inventory Watch found a 20.4 percent drop in starter home inventory year-over-year nationwide.To calculate the cost of buying and renting, Trulia used their quality-adjusted measure of home prices and rentals, calculated initial and future monthly costs, and took into account expected price and rent appreciation as well as projected inflation. They also factored in one-time costs and proceeds, including closing costs, down payments, sale proceeds, and security deposits.To see the full methodology and data sets, click here. Sign up for DS News Daily Home / Daily Dose / Starter Homes vs. Renting: Where Homeowners Can Save Buyers buying Detroit Homeowners Memphis Philadelphia Rentals Renting Starter Homes Trulia West Palm Beach 2017-10-12 Dean Terrell Related Articles Demand Propels Home Prices Upward 2 days ago October 12, 2017 1,417 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: JPMorgan Chase Beats Wall Street Revenue Estimates Next: Freddie Mac Announces Small-Pool Pilot With EarnUp Starter Homes vs. Renting: Where Homeowners Can Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago About Author: Dean Terrell Demand Propels Home Prices Upward 2 days ago Tagged with: Buyers buying Detroit Homeowners Memphis Philadelphia Rentals Renting Starter Homes Trulia West Palm Beach Subscribelast_img read more

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Rising Home Values Reaching Pre-Recession Peak

first_imgHome / Daily Dose / Rising Home Values Reaching Pre-Recession Peak Share 1Save Servicers Navigate the Post-Pandemic World 2 days ago July 29, 2018 2,411 Views Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Headlines, Journal, Market Studies, News Demand Propels Home Prices Upward 2 days ago Rising Home Values Reaching Pre-Recession Peak Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily For seven out of the 35 largest U.S. housing markets, home values have finally regained the value they lost during the recession, according to the latest market research by Zillow. More than 95 percent of surveyed homes are worth more than their peak value during the housing boom, with a median home value of $217, 300, an 8.3 percent increase in a year-over-year analysis. These numbers are also 8.4 percent of the highest point of the housing bubble, with 21 out of the 35 surpassing its bubble peak level.”Even a decade after the 2008 Financial Crisis, and five-plus years into the recovery, it’s clear that the housing boom and bust was felt very differently in various markets – and is still being felt today in many,” Aaron Terrazas, Zillow Senior Economist said. “In markets like Las Vegas that got farthest ahead of themselves during the boom, and consequently fell the most, a large majority of homes are still not worth as much today as they were a decade ago. But in markets like Denver that were more stable a decade ago, many more homes are worth more now than ever before.”As home values rise, inventory has dropped, decreasing 4.8 percent in a year-over-year analysis, after falling 12.3 percent the year before. With these changes, rent has risen 1.3 percent over the last year, reviving possible concerns over ever-dwindling affordable housing.“Despite widespread and consistent home value growth today, the scars of the recession still run deep for millions of longer-term U.S. homeowners, and it may take years of growth for their home to regain the value lost a decade ago,” Terrazas said. “And while stabilizing growth in rents is likely a relief for those renters saving to become homeowners, many of those would-be buyers in a number of the nation’s hottest markets will be contending with home prices that are as high as they’ve ever been.”See the breakdown of the top 35 metros here. The Best Markets For Residential Property Investors 2 days ago Related Articles  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Kristina Brewer Subscribe Kristina Brewer is the Editorial Assistant of Publications for the Five Star Institute, including DS News and MReport magazine. She is a graduate of the University of North Texas (UNT), where she received her Bachelor of Arts in English with a concentration in rhetoric and writing and a minor in global marketing. During this time, she served as Director of Philanthropy in the national women’s fraternity Zeta Tau Alpha, of which she is an alumna. Her passion for philanthropy continued after university when she was an intern at Keep Denton Beautiful, a local partner of Keep America Beautiful, where she drove membership, organized events, and led social media campaigns. Brewer honed her writing at the North Texas Daily, UNT’s student-run newspaper where she wrote about faculty, mentorship, and student life. Brewer also previously worked at Optimus Business Plans where she helped start-ups create funding proposals, risk assessments, and management plans. 2018-07-29 Kristina Brewer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Is The Financial Benefit of Homeownership Shrinking? Next: Thriving in a Low-Delinquency Environment Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

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Gauging Millennial Homebuying Knowledge

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Gauging Millennial Homebuying Knowledge Demand Propels Home Prices Upward 2 days ago Share Save in Daily Dose, Featured, Market Studies, News The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Gauging Millennial Homebuying Knowledge Tagged with: Homebuyers Millennials mortgage Previous: Can Having Mortgage Debt be Good for You? Next: Making Passive Investments in Real Estate 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. Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Homebuyers Millennials mortgage 2019-08-20 Seth Welborn  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago August 20, 2019 1,203 Views About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Subscribe Are millennials falling behind on homeownership? According to a new report from LendEDU, millennials that are not yet homeowners to see may lack some knowledge about key details of buying a home and obtaining a mortgage.According to LendEDU’s survey most millennials, between the ages of 23 and 38, are homeowners, at 58%, and 89% of the remaining respondents said they wish to become homeowners at some point in their life. Additionally, the majority of respondents (65%) think they can become homeowners within the next five years.The biggest obstacles for these millennials who have not yet become homeowners are low incomes and a lack of savings.“Monthly mortgage payments can get quite steep and require a serious financial commitment that usually calls for having at least three months worth of payments stowed away in savings, so this result makes sense,” said LendEDU.Other factors holding millennials back included “poor credit” (17%), “overwhelming student loan debt” (10%), “other debt” (6%), and “overwhelming credit card debt” (5%).LendEDU also examined how the 2008 financial crisis impacted the homebuying decisions of millennials. According to the survey, 13% of millennials that have no desire to ever become homeowners cited the 2008-09 financial crisis as the reason for that lack of desire. LendEDU states that though this is not a large portion, it is large enough to take notice.Yet another factor holding back young potential homebuyers is the complicated mortgage buying process. LendEDU survey states that 55% of millennial respondents stated their lack of knowledge on homeownership and mortgages has prevented them from being a homeowner. One piece of information millennials lack is the down payment amount. On average, millennials are overestimating the amount needed for a down payment, stating that 37% of the home’s total purchase price was necessary. In reality, a 20% down payment is ideal and seen as the status quo mortgage down payment percentage, and a home-buyer can actually make a down payment as low as 3%. Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

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Fannie Mae: ‘Resilient Economy Overcomes Risks to Drive Housing’

first_img Economy Fannie Mae Growth 2020-01-21 Seth Welborn Share Save Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Keeping Afloat in Financial Services Law Next: Low-End Rents Prop Up Single-Family Rent Growth 2020 is forecasted to see growth of 2.1%, according to the latest commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. Housing, the ESR Group notes, is one of the key factors driving growth, alongside consumer spending and business fixed investment.“While we believe the strength and resilience of the American consumer is the lynchpin of near-trend GDP growth, this year we expect consumer demand to re-establish housing construction as a significant contributor to economic growth—hence our theme for the year: A resilient economy overcomes risks to drive housing,” said Fannie Mae SVP and Chief Economist Doug Duncan. “Strong labor markets, rising wages, and improved household balance sheets offer consumer spending upside potential, including the ability to withstand minor economic disruptions.”Fannie Mae expects the growing economic strength from housing that emerged in 2019 to carry into the rest of 2020, including solid growth in single-family construction spending and low mortgage rates.Recent studies have indicated that this increased residential construction spending could help limit the negative effects of capital-spending weakness, despite not taking up a large segment of the economy. According to Bloomberg utilizing data from the Atlanta Fed, the stronger U.S. housing market could provide a cushion from the effect of a “derailment” in corporate spending.Bloomberg notes that recent earnings announcements show order books are growing at a few builders, including Lennar Corp.“The indicators that we see and hear from our customers reflect confidence in the stability of the economy and in the job market,” Stuart Miller, Lennar’s Chairman, said on the company’s recent earnings call.While housing remains the bright spot in economic growth, the Fannie Mae ESR Group also identified which factors may cause a trend to the downside, including geopolitical tensions. For example, as analysis from First American Financial Corporation notes, global uncertainty—such as the conflict between the U.S. and Iran—impacts not only geopolitical relations but also the U.S. housing market. However, Duncan noted what is offering “greater balance” in the latest ESR Group forecast.“Simmering geopolitical tensions, trade concerns, potential equity overvaluation, and weakening manufacturing data suggest the risks to our forecast are skewed slightly to the downside, while accelerating global growth and consumer spending power offer upside and greater balance than in previous forecasts,” said Duncan. “We also continue to expect the Fed to maintain its hands-off approach to monetary policy in the new year, with no changes to the target federal funds rate despite persistently low inflation.” Demand Propels Home Prices Upward 2 days ago Tagged with: Economy Fannie Mae Growth in Daily Dose, Featured, Government, Investment, News January 21, 2020 2,486 Views About Author: Seth Welborn The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily 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. The Best Markets For Residential Property Investors 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Fannie Mae: ‘Resilient Economy Overcomes Risks to Drive Housing’ Data Provider Black Knight to Acquire Top of Mind 2 days ago Fannie Mae: ‘Resilient Economy Overcomes Risks to Drive Housing’ Subscribelast_img read more

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Fraud and the Housing Bubble Crash

first_imgHome / Daily Dose / Fraud and the Housing Bubble Crash 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. Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago A new study compiled by a financial researcher at The University of Texas at Austin has determined that mortgage fraud was far more prevalent than previously known during the 2007-2009 financial crisis.The study by John Griffin, a finance professor in the McCombs School of Business at UT Austin, will appear in the next edition of the Journal of Economic Literature. Griffin explained that the fraud which played a major role in the last financial crisis was predicated by four stakeholder groups in the residential mortgage-backed securities sector:Mortgage originators that emphasized profit-fueled quantity over loan quality, which resulted in the misreporting of key financial information in 48% of loans securitized by nongovernment agencies;Appraisers who worked in conjunction with originators, resulting 45% of securitized loans where the appraisal and loans exactly matched;Investment bank underwriters who earned more by securitizing low-quality loans with high interest rates and falsely presenting them to investors as high-quality securities; andCredit rating agencies that frequently inflated ratings of mortgage-backed securities by adjusting their standard rating models.Griffin’s study concluded that fraud deepened the depth and scope of the financial crisis, noting that home prices in California plummeted by 45% in the ZIP codes where more than 15% of home loans involved fraud, but only fell by 5% where fraud was involved in just 3% of home loans.“Fraud led to massive distortions in the prices of houses,” Griffin said. “The bubble was very regionalized to those areas where fraudulent loan originations were common.”Griffin’s research was synthesized from more than 80 papers, along with legal settlements by 11 banks with the U.S. Department of Justice. He noted that despite the massive scale of fraud, only a single investment banker went to prison as a result of the mortgage meltdown – in comparison, 1,700 bankers were convicted in the savings and loan crisis of the late 1980s.Today, Griffin warns that the greatest threat for fraud is not in residential mortgages, but in other securitized assets such as commercial mortgages and collateralized loan obligations.”The coronavirus is a different cause, but it may have the same effect, revealing the same forces that were at work in the pre-financial-crisis period,” Griffin said. “Market corrections have a way of revealing fraud and structural problems.”And while the 2007-2009 crisis may seem like history today, Griffin warned that history can repeat itself.”A lot of academics think that conflicts of interest and fraud are things the media like to talk about, but they’re not of major economic importance,” he said. “This paper and all the research that it summarizes says the opposite. That they did play a major role in the financial crisis. Checks and balances are supposed to be in place, but a lot of them don’t work.” 2020-12-08 Christina Hughes Babb About Author: Phil Hall Fraud and the Housing Bubble Crash in Daily Dose, Featured, News The Best Markets For Residential Property Investors 2 days ago Related Articles Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Previous: The Only Constant is Change Next: Report: Biden Picks Marcia Fudge to Lead HUD  Print This Post Demand Propels Home Prices Upward 1 day ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago December 8, 2020 1,684 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 1 day agolast_img read more

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Can America Stave Off ‘Wave of Homelessness’

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago 2020-12-04 Christina Hughes Babb in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago Subscribe  Print This Post Previous: Industry Leaders Discuss GSE Privatization Next: Housing Market Stays Strong Amid Slow Economic Recovery Related Articles Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Some 18 million homeowners and renters are late to pay the monthly housing bill, and about a third of those expect to face eviction or foreclosure in the coming months, reported the US Census Bureau in November.According to an article in Business Insider, the outlook is especially dim for renters as well as smaller-scale landlords who rely on tenants’ rent.Tenants nationwide could owe a total of $70 billion in back rent by the year’s end,” BI reports, citing an economist from Moody’s Analytics. “Making matters worse is that many of those who are expected to pay that back rent are also likely receiving unemployment benefits set to expire by the end of the year. A recent report found that about 12 million Americans could lose those benefits on December 26.”Metro areas including New York City, Houston, and Atlanta are at higher risk for increased homelessness, reported BI. The aforementioned Census report, the publication pointed out, suggested that “the New York metro area alone could carry out hundreds of thousands of evictions and foreclosures in the coming months.”Citing a leader from the National Low-Income Housing Coalition, BI reported that the evictions would also result in increased needs for social services.”The costs of emergency shelter, inpatient medical care, emergency medical care, foster care, and juvenile delinquency could spike, it said, putting further stress on local governments and public agencies during the coronavirus pandemic.”Even extensions of foreclosure moratoria, more stimulus, and increased crisis-related unemployment benefits would not necessarily stave off pending problems, according to Business Insider’s Taylor Borden.”Experts have said that even if moratoriums are extended and unemployment benefits continue, that could simply be kicking the can down the road, delaying a wave of homelessness,” she wrote.The article goes on to explore the idea of federal rent and mortgage forgiveness, which President-elect Joe Biden reportedly supports.”Biden said in an interview with Vanity Fair in May that postponing housing payments wasn’t enough and that forgiveness is ‘critically important to people who are in the lower-income strata,'” Borden pointed out, adding a note about the President elect’s plans, detailed on his website, to transform housing and real estate. Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Can America Stave Off ‘Wave of Homelessness’ Data Provider Black Knight to Acquire Top of Mind 2 days ago December 4, 2020 1,205 Views Home / Daily Dose / Can America Stave Off ‘Wave of Homelessness’last_img read more

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Almost 1000 homes left without power

first_img NPHET ‘positive’ on easing restrictions – Donnelly Facebook 448 new cases of Covid 19 reported today Calls for maternity restrictions to be lifted at LUH Almost 1000 homes left without power Google+ WhatsApp Previous articlePrestigious invite for young enterprising brothersNext articlePresident Michael D Higgins in Derry for first official NI engagement News Highland Three factors driving Donegal housing market – Robinson Twitter RELATED ARTICLESMORE FROM AUTHOR Pinterestcenter_img Twitter Newsx Adverts WhatsApp Facebook More than 900 homes were blacked out when they lost their electricity in south Donegal this evening(Sunday).The ESB said it could take two to four hours to establish the cause and fix it in homes between Ballyshannon and Rossnowlagh after the blockage shortly after 4 p.m.The weather was relatively mild but a spokesman said there had been rare previous blackouts unrelated to the weather.He said some stoppages had been caused by swans colliding with lines but he emphasised that they couldn’t identify what caused today’s stoppage until maintenance crews investigated. Help sought in search for missing 27 year old in Letterkenny Google+ Pinterest By News Highland – November 13, 2011 Guidelines for reopening of hospitality sector publishedlast_img read more

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Doherty says undocumented Irish in Australia are being failed by government

first_img Doherty says undocumented Irish in Australia are being failed by government RELATED ARTICLESMORE FROM AUTHOR Nine Til Noon Show – Listen back to Wednesday’s Programme Facebook Twitter WhatsApp Calls for maternity restrictions to be lifted at LUH GAA decision not sitting well with Donegal – Mick McGrath Pinterest WhatsApp A Donegal Deputy says successive Irish governments have failed the diaspora.Deputy Pearse Doherty says having raised the issue of undocumented citizens living abroad, the responses he has received from Minister Charlie Flanagan have been totally inadequate, particularly in terms of the funding allocated to support them.He says no progress has been made in terms of the undocumented in the US, and now the number of Irish citizens being deported from Australia after overstaying their temporary visas is growing.This is an issue Deputy Doherty says he will be raising in the Dail this week…………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/01/pearseoz.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. By admin – January 13, 2016 center_img Pinterest Three factors driving Donegal housing market – Robinson Homepage BannerNews Twitter NPHET ‘positive’ on easing restrictions – Donnelly Facebook Google+ Google+ Previous articleDonegal Chair of the Dail’s Petitions Committee reacts to calls for Conor McGregor to feature on coinsNext articleSurvey finds most Donegal businesses intend taking on staff in 2016 admin Guidelines for reopening of hospitality sector publishedlast_img read more

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