Former Housing Secretary Eyes Presidential Run

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Former Housing Secretary Eyes Presidential Run About Author: Radhika Ojha Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. In 2016, U.S. HUD Secretary Julián Castro, met with Ed Delgado, President and CEO of The Five Star Institute to discuss housing and the U.S. residential mortgage market.Julián Castro served as Secretary of the U.S. Department of Housing and Urban Development (HUD) during the Obama administration. Now, he’s likely to run for President of the United States in 2020, according to an interview published by Rolling Stone recently.The 44-years-old former Mayor of San Antonio said in the interview that he was “likely to do it.”“I’ll make a final decision after November, but I’m inclined to do it,” he said in the interview. This is a far cry from 2016 when Castro was rumored to be a frontrunner for Vice-President. At that time, when asked by DS News in a February interview if he would consider a higher political position if offered the opportunity, Castro had said, “Oh, I doubt it. . . I fully expect to be back in Texas a year from now.”At that time, he had also met with Five Star Institute President and CEO Ed Delgado who had asked Castro to consider issuing a mortgagee letter to set the definition and criteria for identifying vacant and abandoned properties and then accelerating those properties to foreclosure.The problem of so-called “zombie properties,” or those that have been vacated but have not completed the foreclosure process, has become an “issue of national concern,” according to Delgado.“I have a decent perspective on what you’re talking about because I used to be a city councilman and then the mayor (of San Antonio),” Castro told Delgado. “So we saw it not just from an individual perspective, but from the perspective that concerns neighborhood associations and community associations and folks that have to deal with the impact of vacant houses on their block, and what it does to everyone and not just the individual.”As Secretary of HUD, Castro had focused his efforts on stabilizing the post-Great Recession market; helping homeowners who lost their properties in Hurricane Sandy, floods, and other natural disasters; and giving public housing residents access to high-speed internet through the ConnectHome program.During Castro’s tenure, HUD also worked with the Department of Justice and 49 state attorneys general to protect homeowners from mortgage fraud during the financial crisis. The result was a $25 billion agreement in 2012 with the country’s five largest lenders, providing relief to millions of homeowners across the country.Towards the end of his tenure, Castro was also investigated for Hatch Act Violation with an investigative report being sent by the U.S. Office of Special Counsel to President Obama. The House Committee had also asked him to answer their questions about the effect of the changes to HUD’s delinquent loan sales program on taxpayers that included principal reduction and capital arrearage forgiveness, payment shock protection, prohibiting buyers of the loans from abandoning lower-value properties, and alternative bidding for non-profit buyers.Read more about Castro’s initiatives at HUD:Five Star’s Delgado Asks Castro to Address Vacant and Abandoned Properties IssueCastro Defends Proposed HUD Budget Increase for FY2017Castro: Housing is a ‘Platform for Opportunity’House Committee Chairman Wants Answers from Castro Sign up for DS News Daily in Daily Dose, Featured, Government, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Castro HOUSING HUD mortgage Recession Data Provider Black Knight to Acquire Top of Mind 2 days ago October 17, 2018 1,401 Views Servicers Navigate the Post-Pandemic World 2 days ago Former Housing Secretary Eyes Presidential Runcenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: How are Owners Using Their Home Equity? Next: Nomura Settles RMBS Suit With DoJ Related Articles Castro HOUSING HUD mortgage Recession 2018-10-17 Radhika Ojha Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

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Don Layton Explains CRT Process and Effectiveness

first_img Related Articles  Print This Post About Author: Seth Welborn CRT Fannie Mae Freddie Mac loans 2020-02-03 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save 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. Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Single-Family Rental Experts to Assemble in Dallas Next: Fannie Mae Prices $1.134B Transaction Amidst “Market Volatility” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News, Secondary Market February 3, 2020 1,857 Views Demand Propels Home Prices Upward 2 days agocenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Don Layton Explains CRT Process and Effectiveness Home / Daily Dose / Don Layton Explains CRT Process and Effectiveness Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: CRT Fannie Mae Freddie Mac loans Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago In part one of a series of papers authored by former Freddie Mac CEO and Harvard Joint Center for Housing Studies (JCHS) Senior Industry Fellow Don Layton, Layton explained the purpose and role of the Credit Risk Transfer (CRT). Now, in Demystifying GSE Credit Risk Transfer: Part II – How, and How Well, Does It Work?, Layton dives into the behind-the-scenes of the CRT.“Today, over six years later, more than 70% of the credit risk on new single-family mortgages is transferred to private market investors,” said Layton. “Given that the two GSEs together have about $5 trillion of single-family mortgage credit exposure outstanding, this means very large amounts of risk are being transferred–something almost unimaginable when Freddie Mac introduced the first transaction as a somewhat experimental initiative in July 2013.As Layton notes, CRT operates across four different types of financial transactions: Securities Issuances, Insurance/Reinsurance, Lender Risk Sharing, and Senior/Subordinate. These transactions must work properly in order for a CRT to function smoothly and transfer risk correctly. On top of these four transactions, Layton notes that there are six key criteria by which to determine if a particular type of CRT is truly effective in transferring risk.Of the four transaction types, Layton found that two seem to be doing the job well, one is so non-transparent that the public can’t come close to determining how well it works, and one has material weaknesses that should be addressed by the FHFA if it is to be allowed to continue.The objective of the proposed six major requirements for CRT of GSE TBA-eligible mortgages to be truly effective from both the GSE and policy perspectives is to “deliver a risk transfer that operates both efficiently and effectively, with no loopholes, caveats or surprise exceptions such that the credit risk somehow boomerangs back to the GSE, and in a manner supportive of financial market stability.” Subscribelast_img read more

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Natural Disaster Risk at Center of New FHFA RFI

first_img Share Save 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Subscribe Related Articles Natural Disaster Risk at Center of New FHFA RFI Tagged with: climate risk Fannie Mae Federal Home Loan Banks Federal Housing Finance Agency Freddie Mac Mark Calabria The Federal Housing Finance Agency (FHFA) has issued a Request for Input (RFI) on the impact of natural disaster risk to the housing finance system as a whole and to Fannie Mae, Freddie Mac, and the Federal Home Loan Banks in particular.In its RFI, the agency noted, “As a prudential financial regulator, FHFA does not have expertise in climate science.” Nonetheless, the agency also acknowledged that “natural disasters could result in increased delinquency rates, default rates, credit losses, credit-related expenses, and loan loss frequency and severity.”The RFI is focused on two specific considerations. The first seeks a standard in identifying and assessing climate and natural disaster risk, which includes setting the methodologies in measuring and monitoring these risks while establishing risk management strategies and approaches related to issues including pricing, insurance, credit risk transfers, loss mitigation, and disaster response.The second consideration examines the FHFA’s supervisory and regulatory framework in assessing and managing these risks, with concerns ranging from how the agency supervises the climate and natural disaster risk management within its regulated entities and how to prioritize the risks that require regulatory oversight.The FHFA also pointed out that this level of regulation could generate unintended results, ranging from the implementation of policies that result in increased housing costs, which would negatively affect lower-income households, to the creation of policies that would mitigate the higher delinquency rates that minority borrowers have traditionally experienced following natural disasters. The FHFA also questioned whether it should partner with other government agencies or programs that could enhance its work in this area.“Natural disasters can adversely affect the regulated entities,” said FHFA Director Mark Calabria. “Historically, the ability to assess the scale, timing, location, and impact of such risks has been limited. Today’s RFI will help FHFA better understand and address the regulated entities’ exposure to climate and natural disaster risk.”The FHFA will accept feedback for its RFI through April 19. Previous: A Look at the Potential Foreclosure Wave of 2021 Next: Rental Relief Needed Now January 20, 2021 915 Views climate risk Fannie Mae Federal Home Loan Banks Federal Housing Finance Agency Freddie Mac Mark Calabria 2021-01-20 Phil Hall About Author: Phil Hallcenter_img  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Natural Disaster Risk at Center of New FHFA RFI Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

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Arntz being lobbied to improve redundancy offer

first_img Three factors driving Donegal housing market – Robinson Twitter By News Highland – March 10, 2010 Pinterest Google+ Facebook NPHET ‘positive’ on easing restrictions – Donnelly Guidelines for reopening of hospitality sector published WhatsApp RELATED ARTICLESMORE FROM AUTHOR A delegation of politicians and trade unionists from Derry is in Germany today in a bid to secure improved redundancy packages for Arntz Belting workers who are set to lose their jobs.Speaking as he left for Germany, local MP Mark Durkan said Arntz, and its parent group Optibelt, owe the workforce that it is choosing to make redundant a more reasonable package. Twittercenter_img Pinterest Help sought in search for missing 27 year old in Letterkenny Previous article‘Nasty comments that are politically motivated’ – TánaisteNext articleLetterkenny to promote its connectivity and IT infrastructure News Highland Google+ Arntz being lobbied to improve redundancy offer WhatsApp Facebook Calls for maternity restrictions to be lifted at LUH News LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamiltonlast_img read more

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Audit of Raphoe abuse claims to be published by end of 2010

first_imgNews Previous articleBlaney says HSE call centre should be based in LetterkennyNext articleDonegal Live a major success – Mc Loone News Highland By News Highland – May 17, 2010 Facebook RELATED ARTICLESMORE FROM AUTHOR Three factors driving Donegal housing market – Robinson Facebook Twitter NPHET ‘positive’ on easing restrictions – Donnelly WhatsApp Calls for maternity restrictions to be lifted at LUH Pinterestcenter_img Guidelines for reopening of hospitality sector published The head of the National Board for Safeguarding Children in the Catholic Church says an audit of child protection in the Raphoe Diocese will be completed by the end of this year.Ian Elliot said he had discussed claims of cover-ups by the diocese with former detective Martin Ridge, who claimed in a book that he encountered Church obstruction while investigating the convicted paedophile Father Eugene Greene.Mr Elliot also met with Bishop Philip Boyce, and says he expects the bishop will publish the Board’s report without naming alleged abusers or complainants.Mr Elliot says while new child protection standards in the church are being complied with nationally, fresh claims of abuse are still being made, and there’s no room for complacency….[podcast]http://www.highlandradio.com/wp-content/uploads/2010/05/00ellit3pm.mp3[/podcast] Audit of Raphoe abuse claims to be published by end of 2010 Twitter WhatsApp Pinterest Google+ Google+ 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 last_img read more

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Jobless total in Donegal rises again

first_img Pinterest Twitter Newsx Adverts Facebook Previous articleOmagh bombing retrial underwayNext articleTanaiste seeks more funding for Turris Hill News Highland Facebook Three factors driving Donegal housing market – Robinson Twitter The numbers on the live register in Donegal in December showed a increase on the November figure with an extra seven hundred people signing on in the run up to ChristmasStatistics published by the CSO today show that in the space of a year the numbers signing on on the county have risen by over five thousand.There are now 20,748 people signing on the live register in Donegal, an increase of just under 700 from November to December.All office recorded an increase most notably in Inishowen – an extra 239 people joined the live register in December bringing the total there to 4,888There was also a large increase in Letterkenny – the jobless total stands  now at 5,500, month on month increase of 155.The increase in Ballyshannon was 74,  in Dungloe 71, Ballybofey 69 and 54 in Dunfanaghy. There were marginal increases recorded in Killybegs and Donegal Town.On a year on year bases the numbers across the county increased by a third. Calls for maternity restrictions to be lifted at LUH WhatsApp WhatsAppcenter_img Pinterest Google+ Jobless total in Donegal rises again Google+ By News Highland – January 12, 2010 Almost 10,000 appointments cancelled in Saolta Hospital Group this week Guidelines for reopening of hospitality sector published LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton RELATED ARTICLESMORE FROM AUTHOR Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

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Man remanded in custody after ramming Garda car during chase

first_img Man remanded in custody after ramming Garda car during chase WhatsApp Guidelines for reopening of hospitality sector published A man has appeared in court in Letterkenny today following an overnight incident in which a garda car was rammed.23-year-old Cathal Dunleavy, from, Glenvar, Kerrykeel, appeared at Letterkenny District Court today charged with 16 different offences.They include fifteen charges of speeding and another charge of stealing a car.The court heard how a number of Garda cars had been involved in the incident which started at Mountain Top in Letterkenny around midnight and ended at Glenvar a short time later. Facebook Facebook Google+ Twitter Twitter RELATED ARTICLESMORE FROM AUTHOR Need for issues with Mica redress scheme to be addressed raised in Seanad also Pinterestcenter_img WhatsApp Calls for maternity restrictions to be lifted at LUH Pinterest By News Highland – October 18, 2012 Previous articleHundreds expected to turnout at tomorrows Home Help protest in LetterkennyNext articleHarte and Doherty clash over garda station closures News Highland Almost 10,000 appointments cancelled in Saolta Hospital Group this week Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton News Minister McConalogue says he is working to improve fishing quotalast_img read more

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Calls for new VEC chair to resign over ‘cronyism’ claims

first_img Pinterest Facebook Dail to vote later on extending emergency Covid powers Google+ PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal HSE warns of ‘widespread cancellations’ of appointments next week RELATED ARTICLESMORE FROM AUTHOR WhatsApp Councillor Barry O’Neill has been called on to resign his position as chair of the Donegal VEC if he doesn’t issue an apology for comments he made following his election yesterday.Councillor Dessie Larkin has claimed Councillor O’Neil has cast a dark shadow over the VEC and how it is run by suggesting that there has been cronyism in how teacher were appointed to roles in the past.Today Councillor O’Neill has declined to withdraw his comments stating that Councillor Dessie Larkin is acting like a baby. Facebook WhatsApp Twittercenter_img Pinterest Newsx Adverts Twitter Man arrested in Derry on suspicion of drugs and criminal property offences released Google+ By News Highland – May 18, 2010 Previous articleOmagh bomb action failsNext articleBuncrana VRT stand-off ends News Highland Calls for new VEC chair to resign over ‘cronyism’ claims Dail hears questions over design, funding and operation of Mica redress scheme Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more

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Cope slams HSE position on funding for Donegal Community Hospitals

first_img Dail hears questions over design, funding and operation of Mica redress scheme Homepage BannerNews Facebook Previous articleOrganisers report large turnout to protest for new footpath outside West Donegal schoolNext articleDonegal man to jailed over the abuse of three girls admin Facebook Man arrested on suspicion of drugs and criminal property offences in Derry Pinterest WhatsApp Google+ HSE warns of ‘widespread cancellations’ of appointments next week Man arrested in Derry on suspicion of drugs and criminal property offences released Twittercenter_img Pinterest A Donegal Deputy has slammed the HSE’s position on three Donegal Community Hospitals.This week the HSE reaffirmed their stance that no future funding would be made available for either Stranorlar, Lifford or Ramelton until a new hospital is built in Letterkenny by 2021.Deputy Pat the Cope Gallagher says this cannot go unchallenged and has asked all local representatives to urge the Government to reverse the decision:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/10/copeshospitals1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter WhatsApp Google+ Dail to vote later on extending emergency Covid powers By admin – October 13, 2016 RELATED ARTICLESMORE FROM AUTHOR Cope slams HSE position on funding for Donegal Community Hospitals PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal last_img read more

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Joe Brolly has no regrets over failed kidney transplant

first_img Previous articleDeputy Pearse Doherty says IRA have no place in Irish politicsNext articleDonegal public urged to have input in driving route for the west coast News Highland Joe Brolly has no regrets over failed kidney transplant Twitter By News Highland – November 13, 2012 Facebook Facebook Google+ WhatsApp Main Evening News, Sport and Obituaries Tuesday May 25th News Pinterest Further drop in people receiving PUP in Donegal center_img Joe Brolly says he never gave a second thought to donating one of his kidneys to his friend.The former Derry footballer gave his kidney to Shane Finnegan just over a month ago, sparking an increased public interest in the living donor programme.This year will see a record high in the number of people donating organs to family members and friends with 32 living donor transplants set to be completed by the end of December.His donation to his friend ultimately failed but he says he would do it again in the morning……[podcast]http://www.highlandradio.com/wp-content/uploads/2012/11/broly1pm.mp3[/podcast] Google+ Twitter WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derry 365 additional cases of Covid-19 in Republic Pinterest RELATED ARTICLESMORE FROM AUTHOR 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan firelast_img read more

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