Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Dodd-Frank Suffers a Setback With MetLife Decision Next: Fannie Mae’s Mortgage Portfolio Wind Down Continues The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Banks Mortgage Servicers OCC 2016-03-30 Brian Honea Share Save Tagged with: Banks Mortgage Servicers OCC 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. Banks’ Share of the Servicing Universe is Shrinking March 30, 2016 1,399 Views Demand Propels Home Prices Upward 2 days ago  Print This Post Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea Demand Propels Home Prices Upward 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Banks’ Share of the Servicing Universe is Shrinking The number of first-lien mortgage loans serviced by eight national banks, which comprise about 41 percent of all outstanding residential mortgages in the country, has declined every quarter since Q4 2013, according to the OCC Mortgage Metrics Report for the fourth quarter of 2015 released Wednesday.As of the end of Q4 2015, those eight national banks (alphabetically)—Bank of America, JPMorgan Chase, CIT Bank (formerly OneWest), Citibank, HSBC, PNC, U.S. Bank, and Wells Fargo)—were servicing approximately 21.47 million first-lien residential mortgage loans nationwide. This number represented a decline of more than one million from the year-ago quarter (23.1 million for the end of Q4 2014) and nearly three and a half million from two years earlier (24.9 million for the end of Q4 2013). The number of first-lien loans serviced by the banks has now declined every quarter for eight straight quarters.The aggregate outstanding balance of those first-lien loans serviced by the eight banks as of the end of Q4 2015 was $3.67 trillion and has also declined every quarter for eight straight quarters. At the end of Q4 2013, the aggregate balance was $4.2 trillion.The good news for the servicers is that more of the first-lien mortgages that remain in their portfolios are performing. According to the OCC, 94.1 percent of the loans in the portfolio were current and performing as of the end of Q4, nearly a full percentage point higher than the year-ago quarter (93.2 percent as of the end of Q4 2014).The foreclosure metrics were also down in Q4. Servicers at the eight banks initiated 63,387 new foreclosures during the quarter, which is a decline of 16 percent year-over-year. The number of home forfeiture actions, which include short sales, deeds-in-lieu of foreclosure, or foreclosure sales, was down by 23 percent year-over-year in Q4 (down to 38,112).According to the OCC, servicers at the banks completed 35,118 modifications during Q4, and 92 percent of those were “combination modifications”—or modifications that included multiple actions that affect the affordability and sustainability of the loan. Also, out of those 35,118 modifications, 87 percent of them reduced the loan’s pre-modification monthly payment.Click here to view the OCC’s complete report. read more

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 10 Cities with the Most Financial Distress from COVID-19 in Daily Dose, Featured, News Subscribe Previous: Red States/Blue States: Housing Data Reveals Key Differences Next: Fintech Vs. Traditional Lending Risks Share 1Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Bankruptcy COVID-19 Credit Score Financial Distress loans Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Cristin Espinosa is a reporter for DS News and MReport. She graduated from Southern Methodist University where she worked as an editor and later as a digital media producer for The Daily Campus. She has a broadcast background as well, serving as a producer for SMU-TV. She wrote for the food section during her fellowship at The Dallas Morning News and has also contributed to Advocate Magazine and The Dallas Observer. Home / Daily Dose / 10 Cities with the Most Financial Distress from COVID-19 About Author: Cristin Espinosa  Print This Post October 26, 2020 2,012 Views Bankruptcy COVID-19 Credit Score Financial Distress loans 2020-10-26 Cristin Espinosa Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Las Vegas, NVVegas ranked highest overall as the city with the most financial distress in the wake of the coronavirus pandemic. It was tied with three other cities for the highest change in the share of people with accounts in distress from January 2020 to September 2020. It also tied with five other cities for the highest change in the average number of accounts in distress from January to September. Las Vegas ranked in fifth place for people in financial distress and seventh place for search interest for loans.      2. Chicago, ILChicago had the second-highest overall score. It tied in first place for search interest for “debt” and also tied in first place for search interest in “loans.”      3. Houston, TXLike Chicago, Houston tied for search interest for “debt” and for search interest in “loans.” Houston also had a moderately high ranking for a decrease in credit score. However, it also was one of the cities with the lowest change in the share of people with accounts distress from January to September 2020.      4. San Antonio, TXThis Texas city ranked fourth overall for a high decrease in credit score and ranked 12 for the “People in Financial Distress” category. It tied with Chicago and Houston for first place in search interest for loans.      5. Dallas, TX Dallas was yet another city to tie for first place in search interest for loans. It also tied for fifth place in search interest for debt and ranked moderately high for an increase in bankruptcy filings.      6. Phoenix, AZThis Arizona city tied with Dallas for fifth place in search interest for debt. It also ranked as number eight in search interest for loans.      7. Los Angeles, CALA tied with Chicago and Houston for first place in search interest for debt as well as first place in search interest for loans. The City of Angels received an overall score of 65.33 for financial distress.      8. Austin, TXThe Texas capital city ranked number one for most people in financial distress. It also ranked in the top ten cities with the most average number of accounts in distress and the highest increase in bankruptcy filings. Austin came in second place for the highest change in the share of people with accounts in distress from January to September. Four cities, including Las Vegas, were tied for first place.      9. Miami, FLMiami was the fifth city for the most search interest for debt–a tie with Dallas and Phoenix. It also tied for eighth place in search interest for loans. It was the second city with the lowest change in credit score from January to September of this year.      10. Fort Worth, TXFinally, the fifth Texas city to make it to the list is Fort Worth, which tied with Miami and Phoenix for eighth place in search interest for loans. Fort Worth also ranked moderately high in the average number of accounts in distress and people in financial distress. Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago As businesses across the country are reopening and unemployment rates begin to creep back up, there is no doubt that there are still plenty of people struggling. The coronavirus pandemic has taken a massive financial toll on Americans, but some cities have been hit harder than others. A recent report from WalletHub breaks down which cities have faced the most economic struggles during COVID-19. The report analyzes the country’s 100 biggest cities using nine metrics across six categories. Each city received an overall score based on these six categories: “Credit Score”, “People with Accounts in Distress,” “Average Number of Accounts in Distress,” “Change in Number of Bankruptcy Filings (June 2020 vs. June 2019),” “‘Debt’ Search Interest Index,” and “‘Loans Search Interest Index.”An account in distress is “one which either is in forbearance or has its payments deferred,” according to WalletHub’s definition. The following cities received the highest rankings of financial difficulties during COVID-19. The Best Markets For Residential Property Investors 2 days agolast_img read more

first_img RELATED ARTICLESMORE FROM AUTHOR Almost 10,000 appointments cancelled in Saolta Hospital Group this week The Vice Chairperson of Donegal County Council says it’s a proud time for Buncrana and Inishowen as final preparations are made for the presentation of the Tipp O’Neill Diaspora Award tomorrow.The 2014 Award will be presented to Senator Therese Murray, President of the Massachusetts State Senate, with the President of Ireland Michael D.Higgins travelling to Buncrana to make the presentation.Cllr Nicholas Crossan says it’s significant that the president is coming, and will help boost the national profile of the award………….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/09/crossanwebthurs.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Google+ Twitter NPHET ‘positive’ on easing restrictions – Donnelly Guidelines for reopening of hospitality sector published Facebook Twitter Crossan says presidential visit will boost national profile of Tipp O’Neill award Pinterest Google+center_img Pinterest WhatsApp WhatsApp Previous articleStaff member suspended as PSNI probe potential fraud in Stormont Speaker’s Derry officeNext articleGweedore Sewerage Scheme delayed as Irish Water prepare a “business case review” News Highland Facebook Three factors driving Donegal housing market – Robinson Calls for maternity restrictions to be lifted at LUH LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton By News Highland – September 11, 2014 Newslast_img read more

first_img WhatsApp WhatsApp By News Highland – December 21, 2009 Pinterest Google+ Calls for maternity restrictions to be lifted at LUH Facebook Housing waiting lists fall in Donegal Donegal County Council’s housing lists have fallen this year, bucking a national trend which has seen a 35% average increase in the waiting lists across the country.The Irish Independent has collated figures showing 2,320 people on the waiting list in Donegal at the moment, down 11%. In Letterkenny, there are 925 people on the local town council’s list. a fall of 13% on last year.No figures are provided for Buncrana. Facebook News Twittercenter_img Twitter Previous articleJuristiction of Lough Foyle back in the spotlightNext articleInishowen NCT centre to open on January 12th News Highland Almost 10,000 appointments cancelled in Saolta Hospital Group this week RELATED ARTICLESMORE FROM AUTHOR Pinterest Guidelines for reopening of hospitality sector published Need for issues with Mica redress scheme to be addressed raised in Seanad also LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Minister McConalogue says he is working to improve fishing quota Google+last_img read more

first_img WhatsApp WhatsApp Guidelines for reopening of hospitality sector published RELATED ARTICLESMORE FROM AUTHOR Google+ By admin – December 9, 2015 Pinterest Denis Donaldson inquest adjourned for the 17th time today Pinterest Facebook Twitter Google+center_img 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 Homepage BannerNews Minister McConalogue says he is working to improve fishing quota Previous articleTaoiseach challenged over urgency of flood works for North WestNext article‘Best Hidden Gem’ award for Letterkenny Golf Club admin Denis DonaldsonThe Denis Donaldson duplicate spy murder inquest was today adjourned for the 17th time, with his family once more boycotting the hearing in protest.A letter from Donaldson family solicitor Ciaran Shiels of Madden & Finucane said the family didn’t know what further “lines of inquiry” gardai were seeking.Mr Shiels’ letter, read by coroner Dr Denis McCauley at the Letterkenny inquest, added: “Nor do we know what the status is of the Department of Public Prosecution’s consideration of the file that it has in its possession now for a number of years.”Mr Shiels said he had been instructed by the family not to attend the latest hearing of the inquest as they considered any attendance would be “a pointless exercise.”Supt Michael Finan, applying for a continuing adjournment, said “significant leads” were being followed up.He added that assistance was being provided by a force outside the jurisdiction and liaison was ongoing and full co-operation was being received.Although Supt Finan didn’t specify the outside force it is believed he was referring to the PSNI.Dr McCauley said he understood the family’s “frustration” but he understood the investigation was active with an intention of bringing a criminal prosecution and he agreed to a further adjournment of the inquest until April 13.Donaldson, 56, was shot dead by gunmen in a rural cottage near Glenties on April 4, 2006.The Real IRA claimed it was responsible.The former senior Sinn Fein official had confessed to spying for police Special Branch in Northern Ireland and secret service MI5 just months before he was killed. Twitter Facebook Need for issues with Mica redress scheme to be addressed raised in Seanad also Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey last_img read more

first_img Twitter 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Twitter Facebook Man arrested in Derry on suspicion of drugs and criminal property offences released RELATED ARTICLESMORE FROM AUTHOR Pinterest Previous articleMajor jobs announcement expected this morningNext articleSwitzerland motorcycle crash victim named News Highland PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Dail to vote later on extending emergency Covid powers By News Highland – July 15, 2010 Facebookcenter_img HSE warns of ‘widespread cancellations’ of appointments next week News Pinterest WhatsApp Dail hears questions over design, funding and operation of Mica redress scheme Gardai have confirmed they are not treating the death of a 19 year old woman in Convoy as suspicious. The woman was found unconscious at her home early yesterday afternoon. She was rushed to Letterkenny General Hospital, where attempts were made to revive her.However, she died in the hospital at 7 o’clock last night. Google+ Convoy death not suspicious – Gardai WhatsApp Google+last_img read more

first_img Pinterest 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report By News Highland – December 17, 2013 Man arrested in Derry on suspicion of drugs and criminal property offences released Pinterest Previous articleProperty tax, Paul Walker top Irish Google trends for 2013Next articleUpdate – Acetylene fears after Convoy fire mean traffic diversions remain in place News Highland Facebook WhatsApp Google+ WhatsApp Twitter Google+center_img RELATED ARTICLESMORE FROM AUTHOR Facebook Twitter An Independent TD says there may be a need for an independent inquiry into NAMA.It follows claims that a former employee at the National Asset Management Agency leaked classified information to international financiers.The Irish Independent says the official has admitted leaking the information and a dossier is with the Garda Commissioner Martin Callinan and the Garda Fraud Squad.Independent TD Stephen Donnelly says we need to be sure NAMA is not leaking anything in an improper way.”There are emerging allegations, they’re very serious allegations – I hope that none of them are true” he said.”But NAMA must be above reproach, and therefore it may be necessary to have an independent inquiry to investigate these issues” he added. Dail to vote later on extending emergency Covid powers Dail hears questions over design, funding and operation of Mica redress scheme News TD says there may be need for an independent NAMA inquiry HSE warns of ‘widespread cancellations’ of appointments next week PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegallast_img read more

first_img Pinterest 75 positive cases of Covid confirmed in North Further drop in people receiving PUP in Donegal Gardai continue to investigate Kilmacrennan fire Pinterest News Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp It seems the summer will finally arrive in Donegal next week.Met Eireann says it’ll be warm and sunny in the Northwest with temperatures reaching the low to mid twenties from Monday onwards.And the good news is the sunshine is likely to stick around until next weekend.Pat Clarke from Met Eireann says it will remain cloudy this weekend, but it will be drier and brighter next week:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/06/patc1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Google+ Previous articleDonegal lost and found heritage seminarNext articleVideo special from opening of Special Olympics 2014 News Highland WhatsAppcenter_img Donegal set for mini-heatwave next week Twitter Twitter Main Evening News, Sport and Obituaries Tuesday May 25th By News Highland – June 13, 2014 365 additional cases of Covid-19 in Republic Facebook Facebook RELATED ARTICLESMORE FROM AUTHOR Google+last_img read more

first_img Facebook Homepage BannerNews Health Minister pledges to extend free GP care to all children under the age of 18 Main Evening News, Sport and Obituaries Tuesday May 25th WhatsApp Twitter Previous articleWild Lives: Listen back to Donegal’s wild side Ep4Next articleFinn Harps trip to UCD goes ahead on Sunday as a students exit Europe admin Google+ 365 additional cases of Covid-19 in Republic WhatsApp Pinterest Facebookcenter_img Twitter By admin – July 23, 2015 Google+ RELATED ARTICLESMORE FROM AUTHOR Gardai continue to investigate Kilmacrennan fire Man arrested on suspicion of drugs and criminal property offences in Derry Further drop in people receiving PUP in Donegal The Health Minister has pledged to extend free GP care to all children under the age of 18.Speaking to Highland Radio News ahead of the announcement at the MacGill Summer School in Co Donegal; Leo Varadkar said the extension would be brought in if the Government is re-elected – and would first apply to the Under 12s – before covering all children.Fianna Fáil has already hit out at his announcement as kite-flying and an election gimmick – with no clear path on funding.Minister Leo Varadkar says he believes free GP care for all children is achievable – and can be funded…Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/07/leovad.wav00:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. 75 positive cases of Covid confirmed in North Pinterestlast_img read more

first_img WhatsApp Further drop in people receiving PUP in Donegal By News Highland – August 9, 2014 Facebook News Previous articleApprentice Boys of Derry parades – details of routes and traffic diversionsNext articleCaravan owners at Port Arthur beach served eviction notices News Highland 365 additional cases of Covid-19 in Republic Letterkenny General Hospital management has admitted that more anti-flood measures are now needed at the site after this weeks flooding.In a statement the HSE West said the clean up from Tuesday is now complete.The hospital says at the moment it is not known how much Tuesdays nights flood damage will cost, but management do not expect these costs to be very substanstial as there minimal damage to the inside of the emergency department.Management say the bulk of the costs will relate to the response to flood and the cost of drainage and clean up.The investigation is still ongoing, and it is currently focused on identifying what caused the flood.The hospital says the result of the investigation will be released in October.After Tuesdays nights flooding further arrangements have now been put in place in response to that.A drainage trench is in place to intercept surface water running from the main Kilmacrennan Road off, while there will now be a flood pump in the carpark of the hospital at all times.Management say it is hoped that these measures will lessen the chances of a repeat of these weeks flooding. Twitter Google+ Google+ Pinterestcenter_img Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry RELATED ARTICLESMORE FROM AUTHOR Hopsital management expect flood costs to be minimal Twitter WhatsApp Main Evening News, Sport and Obituaries Tuesday May 25th 75 positive cases of Covid confirmed in North Facebook Gardai continue to investigate Kilmacrennan firelast_img read more