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How Did Texas Housing Weather Hurricane Harvey?

first_img How Did Texas Housing Weather Hurricane Harvey? Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago March 12, 2018 1,767 Views About Author: Scott Morgan Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / How Did Texas Housing Weather Hurricane Harvey? Home Sales Housing Market hurricane harvey hurricanes Natural Disasters 2018-03-12 Scott Morgan in Daily Dose, Featured, Headlines, Journal, Market Studies, News Share Save Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. center_img Previous: Ellie Mae’s Velocify Platform Wins LeadsCouncil Leader Award Next: The Impact of Amazon’s HQ2 When Hurricane Harvey struck Texas last summer, many housing experts worried what the megastorm’s effect on the market would be. Turns out, their fears of a wounded market were needless.”Despite the devastation of Hurricane Harvey,” said Kaki Lybbert, Chairman of the Texas Association of Realtors, “the Texas housing market had a very strong fourth quarter, helping solidify 2017 as another record-breaking year in Texas real estate.”According to the 2017 Texas Real Estate Year in Review report from the Texas Association of Realtors,  home sales volume and home prices in the Lone Star State reached all-time highs for the third year in a row last year. Overall, Texas home sales jumped 4 percent, with 336,502 homes sold statewide. Home prices also experienced steady increases in 2017, with the median sales price increasing 6.7 percent from the year prior, to $223,990.The average sale spent just shy of two months on the market last year. According to the report, Texas overall had about three months of inventory in rotation by the end of Q4. In Q4 itself, that was a 0.1 percent dip. A stable inventory should be about six months. Active listings increased 5.5 percent from 2016 to 2017.The strongest growth in median prices occurred in the Dallas-Fort Worth metroplex, where a third of houses for sale last year closed between $200,000 and $300,000. About two-thirds of Texas houses were occupied by the owner at the end of the year.Lybbert attributed the strong growth to the sizable influx of residents and job growth across the state last year.“With more than half a million people moving to the Lone Star State each year, we anticipate the Texas housing market will remain a hotbed for activity,” she said.Jim Gaines, Chief Economist with the Real Estate Center at Texas A&M University, said the year ahead should stay strong.”Across the state, we are projecting sales activity to be even more robust in 2018,” Gaines said. “One of the big drivers will be from first-time homebuyers finding opportunity in the market with more builders focusing on the entry-level price point and lenders relaxing the requirements for first-time homebuyers. Additionally, the likelihood of more volatile interest rates in 2018 will influence homebuyers to buy now rather than later.”While Lybbert said she was happy with the strength of Texas’ 2017 market, she also echoed what many housing insiders say about continuously rising housing prices nationally—namely, that affordability needs to be guarded.”The Texas housing market remains in such high demand that we continue to see low levels of housing inventory and strong increases in home prices,” Lybbert said. “While that continues to be good news for property owners, Texas Realtors will also continue to advocate for affordable options for all Texans.” Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Home Sales Housing Market hurricane harvey hurricanes Natural Disasters Subscribelast_img read more

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Thriving in a Low-Delinquency Environment

first_img in Daily Dose, Featured, News, Print Features  Print This Post The Best Markets For Residential Property Investors 2 days ago Editor’s Note: This feature originally appeared in the July issue of DS News.As First VP, Default Servicing Operations, Flagstar Bank, Courtney Thompson is responsible for all consumer default assets at Flagstar, including the default call center and the design and operation of the bank’s default servicing oversight model. Her role also encompasses management of the specialty servicing vendor partners who perform the front-line servicing for each of the functional areas of default (loss mitigation, foreclosure, bankruptcy, and REO), as well as Flagstar’s cross-functional oversight team.During the Legal League 100 Spring Servicer Summit, Thompson sat down with DS News to discuss streamlining communications with borrowers, navigating compliance, and how Flagstar has evolved to thrive in a lower-delinquency environment.How has Flagstar shifted its focus to adjust to lower rates of delinquency post-crisis?Flagstar used the reduction in default volume to redevelop its data environment, with the goal of bringing ultimate transparency to its performance across all channels of default. All of this has been about positioning the company as a best-in-class servicing provider, and from a default perspective, to be ready for the next market dip. We know it is coming, the question is when. Our market advantage is that we don’t just say, “We’re ready”—we can show you. Our subservicing clients have the peace of mind that we know where every loan is—even at the “Mr. Jones” level.We have a deep confidence in our abilities and are comfortable with what is possible in the current market. We believe in our service, and we are able to have confident conversations about any performance expectation, whether compliance- or performance-based because we simply do not believe there is a better offering. A key challenge in the default space now is whether we can, as an industry, scale up to service loans when called upon because, from servicers to attorney firms, we’ve all had to scale way back.It’s great to have transparency, but if every metric is being missed because you weren’t prepared for increased volume, it doesn’t matter. Having the staff, infrastructure, and technological efficiencies to handle volume with peak performance is what matters.As interim head of the Bureau of Consumer Financial Protection (BCFP, formerly known as the Consumer Financial Protection Bureau), Mick Mulvaney has been vocal that he is looking to revamp the Bureau’s approach to regulation enforcement. Is it challenging for servicers not to know what may be coming down the pipeline?The organization I work for has a deep commitment to following the rules. So much so that they hired a consumer financial protection attorney to manage default—that’s what I do. These days, compliance needs to be just blocking and tackling. If you can’t operate by the strict letter of the law—and we conservatively interpret the law—you shouldn’t be in this business.We’re happy to operate in an environment where we can look at asset performance and be more aggressive with collection strategies, but at the same time, there’s always a balance with our commitment to compliance. By way of example, we recently redesigned our collectors’ incentive program. Our collectors do not get paid extra for a compliant phone call. Instead, they autofail if they don’t follow the rules, earning zero incentive for the month. We incent actual collections activities, particularly those that return borrowers to a performing status.That’s Flagstar’s perspective, and it’s not changing regardless of the clout the BCFP may or may not have, the party in office, or any other factors.As part of your presentation at the Legal League 100 Servicer Summit, you mentioned technologies Flagstar was developing with the Federal Emergency Management Administration (FEMA). Can you tell us more about that?To stay ahead of the game and ensure that we can quickly and safely scale our servicing offering, we are looking to pilot AI, especially for processes where there is a lot of work to be done, but not a lot of human judgment required. When we reacted to last year’s natural disasters, we had to bring extra people into the bank to help us manage the response. However, in the future, this could be fully automated through AI with data derived from public systems and inputs that we can create in Flagstar’s systems. We are evaluating different service providers that can help us set that up.Flagstar has always had a robust process for managing disasters, including daily monitoring of the FEMA website, but when you’re talking about the volume of customers and locations that were impacted last year, that presents a large-scale challenge. Moreover, the types of problems our customers have in these environments are loan-level stories— there is not a one-size-fits-all solution. In the past, with large-scale disasters like Hurricanes Katrina and Sandy, servicers were managing major disasters impacting single locales, where total loss of the property was a consistent event. Last year, we dealt with mudslides and wildfires in California, as well as hurricanes in Texas, Florida, the Virgin Islands, and Puerto Rico. Because of the nature of these disasters and their breadth across the country, the impact to borrowers, and the borrowers’ needs within those circumstances were diverse.From a servicing management perspective, we believe that we can automate the interface between the publicly available information regarding FEMA-declared counties and the data conversion to ZIP codes for proper identification of impacted customers in our servicing system. It’s not hard, but someone has to do it, so if you can have the right technology do the flipping and thinking for you, as well as documenting it in your system, you can then have one person who makes sure that the data is correct instead of three or more people running daily processes.Another challenge we are looking to address is that of consistency. For example, even if all counties in a given state are declared disaster areas requiring protection, these declarations do not always occur on the same day. Often times, there are a handful of counties that are declared each day.In this environment, managing meaningful outreach campaigns, meaningful borrower assistance strategies, and meaningful property preservation efforts can quickly become demanding.What were other initiatives spurred by last year’s disasters?At Flagstar, our internal stakeholders really, really care. However, in our efforts and zeal to assist our customers, we can sometimes overlap. For example, we try to be cognizant of our different call campaigns designed to accomplish specific goals, without overwhelming the customer. One team may be calling a group of customers about one matter—for example, the safety of the customer and the status and condition of the property—while another team reaches out to a similar group for a different reason, such as more permanent solutions to economic hardship associated with the disaster itself. It’s essential to plan a waterfall of communications based on the geographic location of the borrower, the condition of the property, performance at the loan level, and borrower connectivity with the servicer.Flagstar is not just a mortgage servicer; we have three primary lines of business (community banking, mortgage banking, and servicing). Just because we have servicing customers impacted, that doesn’t mean we don’t also have customers affected under the broader umbrella. A question we had to answer was how do we communicate across all business channels to make sure things are okay with our customers? We try very hard to make sure that the left hand does know what the right hand is doing.The most important response we developed in reaction to last year’s hurricane season is the enhanced integration of our customer service department, marketing department, and default department, so that borrower communication is clear and consistent.Moving forward, there will be a streamlined approach to when it’s best to text borrowers, for example, rather than to email them. When should informational postcards go out? What is the appropriate solicitation tiering for agency loss mitigation offerings? One of the things that gets overlooked after a disaster is that people often aren’t in their homes—even if I sent you a care package, if you’re not there to receive it, it doesn’t matter.We’re working on enhancing that sensitivity and being able to track loans in a way where you know important facts, such as that this is a customer who was impacted 28 days ago, and having conversations that reflect that knowledge.If you lost your home today in a disaster, you wouldn’t yet know what you’re going to do. You wouldn’t know what your intention was for the property. There’s zero value in my asking you on day one, “What’s your plan?” We want to create alternative forms of communication that allow us to get in touch with our customers in a compassionate manner.What is one thing you wish more people understood about what you do?To some, the perception of default mortgage servicing is that we make a living repossessing people’s homes. In actuality, we are here to prevent that from occurring by all means possible. At the heart of our organization is deep care and respect for ensuring the homeowners going through the process are treated with dignity and respect—all within the confines of the underlying rule environment.We’re here to facilitate potentially the most challenging time in another person’s life, and we want to do that with as much care as humanly possible—whether that means communicating with borrowers in a clear and concise way on a piece of paper about what’s happening with their loan or assigning a well-trained, dedicated agent to assist a borrower through a difficult process. July 29, 2018 4,166 Views Related Articles Borrowers Crisis Delinquency FEMA Flagstar Bank Foreclosure Homeowners Homes Lenders Property 2018-07-29 David Wharton Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Thriving in a Low-Delinquency Environment Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Rising Home Values Reaching Pre-Recession Peak Next: The Week Ahead: Reflecting on Q2 and the Market Tagged with: Borrowers Crisis Delinquency FEMA Flagstar Bank Foreclosure Homeowners Homes Lenders Property Servicers Navigate the Post-Pandemic World 2 days ago Thriving in a Low-Delinquency Environment About Author: David Wharton David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days ago Share 1Save Subscribelast_img read more

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Tackling Foreclosure Challenges in Motor City

first_imgSubscribe  Print This Post Tackling Foreclosure Challenges in Motor City in Daily Dose, Featured, Foreclosure, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 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. Tagged with: Auction Detroit Foreclosure New Jersey Previous: Minimizing Disaster Impact on Defaults When Tornadoes Strike Next: The Digital Mortgage Revolution: Servicing Challenges to Implementation Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago According to a recent study from Quicken Loans, property tax foreclosures in Detroit are at a 14-year low. In 2018, 2,920 properties faced property tax foreclosure auction, down from 6,052 in 2017, and far below the peak of 15,000 in 2015.According to the Quicken Loans, the efforts of the Quicken Loans Community Fund and its Neighbor to Neighbor partners led to 4,136 occupied homes being pulled from the Wayne County tax foreclosure auction.“Tens of thousands of Detroit residents have been displaced by property tax foreclosure, and on top of the human impact, many of these homes fall into disrepair and become blighted, perpetuating a harmful cycle that destroys vibrant communities,” said Laura Grannemann, VP of Strategic Investments for the Quicken Loans Community Fund. “By working with community partners, we are stabilizing housing in Detroit, preventing future blight and helping homeowners and occupants find sustainable, long-term solutions for their property tax burdens.” May 3, 2019 2,032 Views Auction Detroit Foreclosure New Jersey 2019-05-03 Seth Welborn Demand Propels Home Prices Upward 2 days ago Quicken Loans states that, as of last year, 21% of homeowners were unaware their property was behind on property taxes, and another 61% of renters in tax-delinquent properties were unaware of the home’s tax status.“As Detroit comes back, we need to do everything we can to make sure those who stayed in our city through good times and bad are able to stay in their homes,” Mayor Mike Duggan said. “We are seeing real progress in tax foreclosure reductions that impact all of our neighborhoods, and through programs like Neighbor to Neighbor, we will continue this important work in close partnership with the community.”“Today, through the work of our community partners and the many canvassers going door to door, we have helped 300 residents not only prevent foreclosure, but move from renting to becoming homeowners, who now hold equity in their neighborhood,” Duggan continued. “As Detroit comes back, we need to do everything in our power to retain residents and keep them in their homes.”Although outreach programs have helped improve Detroit’s tax foreclosure issues, the city still faces other foreclosure-related challenges. According to GOBankingRates and data from Zillow, 34.4% of homes are currently underwater, and the median home value at the Detroit-Warren-Dearborn metro-area level is $161,300, far below the national median of $226,300. GOBankingRates puts Detroit second on its list of U.S. cities most likely to enter a housing crisis. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Seth Welborn Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Tackling Foreclosure Challenges in Motor Citylast_img read more

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The Democratization of Distressed Property Buyers

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Foreclosure buyers are now more likely to be individuals purchasing a handful of homes each year rather than institutions scooping up dozens of properties each month, and that broader pool of buyers is ensuring a steady demand for distressed properties, even in stormy markets. “Forty years as an owner-occupant; one year as an investor,” said Houston-based Alan Goodwin, describing his experience in real estate. Goodwin purchased his first investment property—a bank-owned home—via an online auction on Auction.com in 2019. He just closed on a second investment home in late March. “I am a flipper, trying to add a greater than 15% return to my retirement funds.” Goodwin is typical of most real estate investors purchasing at foreclosure auction or online bank-owned (REO) auction, according to an Auction.com buyer survey conducted in February. More than half (52%) of survey respondents said they purchased one or two properties in 2019 while an additional 21% said they purchased between three and five properties during the year. The share of buyers who said they purchase fewer than five investment properties a year has jumped dramatically even over the past year, from 51% in a similar Auction.com buyer survey conducted in June 2019 to 73% in the February 2020 survey. “Five to 10 years ago, the dominant buyer at foreclosure auction or online REO auction was the institutional investor with ample access to large amounts of capital,” said Ali Haralson, Chief Business Development Officer at Auction.com. “Auction.com has democratized the distressed property marketplace with innovative marketing and state-of-the-art sales technology, empowering smaller investors to compete—and often win—in this arena.” Institutional Buyers: Swimming Against the Flow As the competition for distressed properties increased in recent years, many of the midsized to mammoth institutional investors who gobbled up tens of thousands of foreclosure properties near the bottom of the real estate market have pulled back on their acquisitions.  Eighteen percent of homes sold at foreclosure auction were purchased by institutional buyers—defined as buyers who have purchased at least 10 properties in a calendar year—in 2019, according to an analysis of public record data from ATTOM Data Solutions. That was down from 20% in 2018 to a 20-year low (as far back as data is available). The institutional investor share of purchases at foreclosure auctions peaked in 2009 at 60%, according to the ATTOM data. It gradually decreased from there but remained above 40% through 2014, after which it dropped to below 30% in 2015 and 2016 and then below 20% in 2018 and 2019.  For REO purchases, the peak institutional investor share came a few years later in 2013 at 11%, but the share has similarly decreased steadily since then, dropping to a 16-year low of 8% in 2019. JWB Real Estate Capital is an example of an institutional buyer that pulled back in recent years on its purchases of existing homes, including at foreclosure auction. Since it was founded in January 2006, the company has purchased and renovated more than 2,000 existing homes—many of them purchased at foreclosure auction or as REO—and built more than 1,300 properties. But the company’s ratio of existing purchases to new builds was reversed in the past few years. In 2019, the company built over 400 new homes and purchased about 150 existing homes, according to JWB president Alex Sifakis. Sifakis said JWB—which resells most of the homes it acquires as turnkey rentals—is looking to potentially increase its purchases of existing homes via foreclosure auction and other acquisition sources given the recent market turmoil triggered by the coronavirus pandemic.  “We are buying everything now if the price is right,” he said. “We’re 100% privately capitalized … (so) we are not subject to the whims of Wall Street.” Midsized Investors: Adjusting to the Current Access to funding during the coronavirus crisis is a concern for Chicago-based investor Michael Hallman, who said he has been rehabbing and reselling 12–20 properties a year since 2012 and also owns about 15 rental properties. “I’ve got about 10 properties right now for sale. … I’ve taken lower prices than normal. … I’ve had people pulling out of them because of the coronavirus,” he said, adding that he can no longer rely on his usual funding source to buy more properties. “I want to get in a cash position where I am using my own money to buy.” Still, Hallman said he plans to start buying again once he’s sold a couple of his properties and has the capital for more purchases.  “I’m willing to buy, but the price has got to be right,” he said, noting that he resells mostly to owner-occupant buyers, and he expects them to be looking for lower price points given the market turmoil. “If there are not enough buyers, prices are going to go down. … I’ve got to factor in if buyers aren’t going to pay as much.” Individual Investors: Still Riding the Wave The recent market turmoil didn’t deter Goodwin, the Houston-based real estate investor, from closing on his second investment property in late March. It helped that he was able to bid on and buy the property remotely. “I was able to do everything remotely: due diligence, bid, purchase, and successful closing on the property following the easy-step process provided by Auction.com,” he said. “After my winning bid, Auction.com staff communicated with friendly prompts leading me to an efficient transfer of funds and quick closing.” Social distance-friendly technology such as online auctions and remote buying are empowering investors of all shapes and sizes to buy even in the unprecedented market conditions caused by the coronavirus pandemic. Shift to Online Auctions Proprietary Auction.com data shows investor interest has quickly shifted away from in-person foreclosure auctions—which have effectively been halted nationwide due to the coronavirus pandemic—and toward online auctions.  An Auction.com buyer survey conducted between April 3 and April 10, after much of the country had gone into lockdown, found that online REO auction was the most preferred property acquisition method for 61% of survey respondents, beating out off-market (18%), in-person foreclosure auction (15%), and the Multiple Listing Service (12%). Those post-lockdown survey results represented a dramatic shift from preferred property acquisition methods identified in the pre-lockdown survey conducted in mid-February. In that survey, 29% of respondents identified online REO auction as their top acquisition method, second to in-person foreclosure auction (49%), but still beating out the MLS (12%) and off-market (10%). “With what we’re seeing now with the coronavirus, which will go away at some point, it makes sense to stay at home,” said a Portland-based real estate investor who said he buys rental properties remotely in Las Vegas and Albuquerque via online auction. That investor said he’s slowly built up a portfolio of about 30 rental properties over the past 10 years, and he doesn’t expect the economic shock caused by the coronavirus pandemic to derail his conservative investing strategy.  “We’re not highly levered. We’re older. We could withstand (another) 2008. We wouldn’t be happy about it, but we could stand it,” he said.  The increased interest in online auctions is showing up in website traffic data along with competitive bidding behavior on Auction.com.  Online REO auctions accounted for more than half of all property page views on the Auction.com website on March 18, the first day this year that share broke 50%. Since then, the share of property page views for online REO auctions has continued to trend higher, reaching a new high of 65% on March 31. Additionally, more than 89% of online auction properties sold in the first quarter of 2020 received multiple, competing bids. That was up from 85% in the previous quarter and 86% a year ago to the highest level since Q3 2017, the earliest that data is available. An Ark for the Coming Foreclosure Flood In-person foreclosure auctions nationwide largely ground to a halt in the second half of March due to the widespread foreclosure moratoriums and courthouse closures triggered by the coronavirus pandemic.  As a result, many investors have shifted their focus in the short term to online REO auctions, but investors are also readying for the expected flood of foreclosure auctions that will hit as the moratoriums and courthouse closures are lifted.  “We’ve dealt with a shortage of inventory this year, to be honest,” said Jason Epstein, Co-Founder and President of CastleRock REO, which buys 1,500–2,000 distressed properties a year nationwide. “I think we will be in a good position when we come out the other side of this.” Helping investors to absorb the expected influx of foreclosure auction inventory is new remote bidding technology launched by Auction.com in March.  “The remote bid technology will allow investors to maintain social distance when bidding at a foreclosure auction, which traditionally has required bidders to be physically present to participate,” said Haralson. “Auction.com has invested heavily in the remote bid technology over the past several years and is accelerating the roll-out process to make it available in as many counties as possible as soon as possible.”  2020-06-22 Seth Welborn Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News, Print Features About Author: Daren Blomquist Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Democratization of Distressed Property Buyers Previous: Inability to Pay Mortgage Among Top Consumer Complaints Next: DS5: The Challenges of Exiting Forbearance June 22, 2020 1,738 Views Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / The Democratization of Distressed Property Buyers Related Articles Daren Blomquist is VP of Market Economics at Auction.com. In this role, Blomquist analyzes and forecasts complex macro- and microeconomic data trends within the marketplace and greater industry to provide value to both buyers and sellers using the Auction.com platform.Blomquist’s reports and analysis have been cited by thousands of media outlets nationwide—including all the major news networks and leading publications such as the Wall Street Journal, the New York Times, and USA TODAY. Blomquist has been quoted in hundreds of national and local publications and has appeared on many national network broadcasts, including CBS, ABC, CNN, CNBC, FOX Business, and Bloomberg. Subscribelast_img read more

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Michael Martin predicts Donegal will elect two Fianna Fail TD’s

first_img Pinterest By News Highland – February 24, 2011 WhatsApp RELATED ARTICLESMORE FROM AUTHOR Michael Martin predicts Donegal will elect two Fianna Fail TD’s Google+ NPHET ‘positive’ on easing restrictions – Donnelly Three factors driving Donegal housing market – Robinson Calls for maternity restrictions to be lifted at LUH Twitter Google+ WhatsAppcenter_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Guidelines for reopening of hospitality sector published Facebook Facebook Previous articleGAA – Kavanagh to Miss Kildare ClashNext articlePolice renew appeal one year on from Derry man’s murder News Highland Twitter News Fianna Fail Michael Martin has defended his decision not to visit Donegal during the election campaign  stating he simply didn’t have time.Donegal’s constituencies are two of just a handful that the new Fianna Fail leader did not canvas.He said it was agreed that, given her senior status in the party, Tanaiste Mary Coughlan would look after the area.Speaking to Highland Radio News Mr Martin also expressed his confidence that the party would return two TD’s in Donegal:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/02/mickmart.mp3[/podcast] Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

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Mc Hugh seeks meeting between Oireachtas members and LGH management

first_img Previous articleInishowen councillor concerned after armed robber gets probation actNext articleSoccer – Harps Unbeaten Run Continues News Highland Calls for maternity restrictions to be lifted at LUH News By News Highland – August 21, 2012 Pinterest Facebook Twitter Twitter Donegal North East Deputy Joe Mc Hugh hass written to the manager of Letterkenny General Hospital seeking a meeting with all Oireachtas members to discuss the future of the Gynaecology Ward at the hospital.Yesterday, Manager Sean Murphy confirmed to Highland Radio News that a restructuring of Gynacology services is being considered as part of a redeployment of resources to staff the new Emergency Department and medical bloc at the hospital.However, he said while this would mean moving beds to surgical, services would not be diminished.Deputy Mc Hugh says that needs to be explored……[podcast]http://www.highlandradio.com/wp-content/uploads/2012/08/jmh1pm.mp3[/podcast] WhatsApp Three factors driving Donegal housing market – Robinson Mc Hugh seeks meeting between Oireachtas members and LGH managementcenter_img Google+ RELATED ARTICLESMORE FROM AUTHOR LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Pinterest Guidelines for reopening of hospitality sector published Almost 10,000 appointments cancelled in Saolta Hospital Group this week Google+ Facebooklast_img read more

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Calls on owners of old Adria factory in Strabane to secure sight

first_imgNews Previous articleCable thieves leave several households without phone linesNext articleGovernment accused of pursuing vindictive campaign against Fahan Marina News Highland WhatsApp Facebook Facebook The owners of the old Adria factory in Strabane are being urged to secure the site and ensure access cannot be gained to the compound.Cllr Patsy Kelly made the call after the fire service fought to bring an intense blaze under control yesterday morning after tyres hidden in the undergrowth on the site were set alight, alolegedly by a group of young people who had spent the night drinking on the site.Cllr Kelly says that people in Ashgrove Park, Melmount and Old Ballycolman are concerned at what is happening on the site, and the owners need to take responsibility……[podcast]http://www.highlandradio.com/wp-content/uploads/2012/08/pkfri830.mp3[/podcast] Twitter Pinterest Calls on owners of old Adria factory in Strabane to secure sight Dail to vote later on extending emergency Covid powers Pinterest Google+center_img HSE warns of ‘widespread cancellations’ of appointments next week PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal 365 additional cases of Covid-19 in Republic WhatsApp Twitter Google+ RELATED ARTICLESMORE FROM AUTHOR Man arrested in Derry on suspicion of drugs and criminal property offences released Man arrested on suspicion of drugs and criminal property offences in Derry By News Highland – August 10, 2012 last_img read more

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MacGill Summer School announce details of this years event

first_imgHomepage BannerNews Google+ Main Evening News, Sport and Obituaries Tuesday May 25th 365 additional cases of Covid-19 in Republic Facebook Further drop in people receiving PUP in Donegal 75 positive cases of Covid confirmed in North RELATED ARTICLESMORE FROM AUTHOR The annual MacGill Summer School has announced its theme for this years event.The renowned event which takes place in Glenties every year will begin on Sunday July 19th until Friday July 24th this year.The theme for MacGill Summer School this year will be ‘ 2016 – Ireland at the Crossroads’.The event, now in its 35th year, will see many high-profile figures descend on the village of Glenties to debate and discuss various topics.Director Joe Mulholland has confirmed US Ambassador to Ireland Kevin O’Malley will open the event this summer.Among the topics on the agenda this year will be the upcoming General Election, the crisis in the Eurozone and prospects for reform of governance in Ireland.Climate change and the promised referendum in the United Kingdom on its future place in the European Union will also feature on the agenda. WhatsApp By admin – April 11, 2015 Google+center_img Pinterest WhatsApp Previous articleElderly man victim of attempted car-jacking in BuncrannaNext articleThree people arrested in Derry following anti-social behaviour crackdown admin Man arrested on suspicion of drugs and criminal property offences in Derry MacGill Summer School announce details of this years event Twitter Gardai continue to investigate Kilmacrennan fire Facebook Pinterest Twitterlast_img read more

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45 jobs to go at HML in Derry

first_imgNews Main Evening News, Sport and Obituaries Tuesday May 25th Twitter Man arrested on suspicion of drugs and criminal property offences in Derry Gardai continue to investigate Kilmacrennan fire Forty-five jobs are set to go at a financial services company in Derry.HML has said it is to reduce its workforce by 80 across the UK, with 45 redundancies earmarked for Derry.The company said it had started a 30-day consultation period with its employees and no redundancies would come before 15 August.HML, a mortgage outsourcing company, opened its Derry office in 2004 and employs about 470 people there.It has blamed changed market conditions for the redundancies.Foyle MP Mark Durkan said the news would come as a huge blow.[podcast]http://www.highlandradio.com/wp-content/uploads/2010/07/durk1pm.mp3[/podcast] 45 jobs to go at HML in Derry 75 positive cases of Covid confirmed in North Pinterest 365 additional cases of Covid-19 in Republic WhatsApp By News Highland – July 16, 2010 center_img WhatsApp Facebook Facebook Google+ Pinterest RELATED ARTICLESMORE FROM AUTHOR Previous articleDerry chosen as UK City of Culture 2013Next articleV.O.P Donegal predicts government will not cut pension News Highland Twitter Google+ Further drop in people receiving PUP in Donegal last_img read more