Former Housing Commissioner Picked to Succeed Montgomery

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Share Save Former Housing Commissioner Picked to Succeed Montgomery President Donald Trump announced Thursday his intent to nominate Dana T. Wade as the Assistant Secretary, for the Federal Housing Commissioner. Wade was previously the acting Federal Housing Commissioner and Assistant Secretary for Housing from July 2017 to June 2018. She supervised more than 2,400 employees and implemented risk management and monitoring of the Federal Housing Agency’s $1.3 trillion portfolio.She also served as a Program Associate Director for General Government at the Office of Management and Budget from December 2018 to December 2019, where she led budget oversight for six Executive Branch agencies with a focus on financial services, including the Department of Housing and Urban Development (HUD). “Dana Wade is a spectacular individual who has been enormously valuable to President Trump and this Department,” said Dr. Benjamin Carson, Secretary of HUD. “We appreciate Brian Montgomery’s continued stable leadership and are elated with Dana’s nomination. We look forward to Dana’s very capable, guiding hand at FHA and urge the Senate to swiftly confirm her.””Dana is ideally suited to succeed Commissioner Montgomery as head of FHA and I applaud the nomination,” said Ed Delgado, President and CEO and Five Star Global. “Brian Montgomery, now positioned for HUD’s Deputy Secretary, possesses a strong grasp of the issues impacting American homeownership and will continue to lead with an abiding commitment to public service; I look forward to their future accomplishments at HUD.”Wade also has been Deputy Staff Director for the United States Senate Committee on Banking, HUD, and the Republican Deputy Staff Director for the United States Senate Committee on Appropriations under Senator Richard Shelby (R-Alabama). “FHA is going through a substantial and much-needed transformation under Commissioner Montgomery. The priorities for FHA include massive IT modernization, rulemaking on the origination and servicing side of the forward and reverse mortgage programs, improvements in risk management, and interagency alignment on a host of issues,” said Tim Rood, Chairman and Founder of The Collingwood Group, a SitusAMC company. “President Trump’s choice to nominate Dana Wade for Assistant Secretary for HUD & FHA Commissioner is well deserved and well-timed. Wade has held positions at the Office of Management & Budget, Congress, and Appropriations that will be very beneficial as the FHA implements it’s aggressive transformation initiatives.”Lindsey Johnson, President of the U.S. Mortgage Insurers (USMI), said her organization “applauds” the nomination of Wade.”Wade is a respected expert with broad experience in financial and housing policy issues. Her previous work, including her time as Acting Federal Housing Commissioner and Assistant Secretary for Housing, will allow her to swiftly start to address the important issues facing the housing finance system,” Johnson said. “We look forward to working closely with Dana Wade in seeking ways to establish a more complementary, collaborative, and consistent housing finance system that prudently enables homeownership for American families while also protecting taxpayers.”The current Federal Housing Commissioner, Brian Montgomery, was nominated by Trump last year as the new Deputy Secretary of HUD. The U.S. Senate Committee on Banking approved the nomination of Montgomery in December. Montgomery was approved by a final vote of 20-5. He has yet to be approved by Senate. He has served as HUD’s Assistant Secretary and managed the day-to-day operations of the agency and assist the Secretary in leading the department’s nearly 8,000 employees. He is also the Commissioner of the Federal Housing Agency.  The Best Markets For Residential Property Investors 2 days ago February 20, 2020 6,197 Views Previous: The Industry Pulse: Stern & Eisenberg Adds New Attorney Next: Built-For-Rent Volumes Decline Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, News Servicers Navigate the Post-Pandemic World 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. The Best Markets For Residential Property Investors 2 days ago Subscribecenter_img Tagged with: Donald Trump federal housing commissioner White House Demand Propels Home Prices Upward 2 days ago Donald Trump federal housing commissioner White House 2020-02-20 Mike Albanese Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Home / Daily Dose / Former Housing Commissioner Picked to Succeed Montgomery The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

DS5: COVID-19’s Impact on Migration Patterns

first_img July 10, 2020 21,562 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Coronavirus 2020-07-10 Mike Albanese Sign up for DS News Daily About Author: Mike Albanese  Print This Post Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Home / Daily Dose / DS5: COVID-19’s Impact on Migration Patternscenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago DS5: COVID-19’s Impact on Migration Patterns Previous: Benefits of Updates to CWCOT Program Next: The Week Ahead: Financial Service’s Hearing on CARES Act Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The latest episode of DS5: Inside the Industry features Ed Pinto, Director, Senior Fellow, the AEI Housing Center.Pinto discusses with DS5 the impact COVID-19 has had on homeowners and the decisions they make when moving and deciding where to live.You8 can view the full video at the embed below or at the following link. Share 2Save Tagged with: Coronavirus in Daily Dose, Featured, Media, News, Webcastslast_img read more

Mortgage Forbearance Pandemic Trends—Six Things to Know

first_img Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Mortgage Forbearance Urban Institute The Best Markets For Residential Property Investors 2 days ago Mortgage Forbearance Urban Institute 2020-08-19 Christina Hughes Babb  Print This Post Share Save Related Articles About Author: Christina Hughes Babb 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. Home / Daily Dose / Mortgage Forbearance Pandemic Trends—Six Things to Know The mortgage forbearance option in the March 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act  offered relief to millions of homeowners during the COVID-19 pandemic. The 33.4 million with federally backed mortgages can request from their servicers a forbearance plan (with far less documentation of financial hardship than is usually required) allowing them to delay their mortgage payments for up to 180 days, with another 180-day extension available after the first forbearance period ends. As previously reported, some 14.6 million borrowers whose mortgages are in bank portfolios or private-label securities (PLS) are not covered by the CARES Act, but these borrowers have the highest share of loans in forbearance.  A survey of PLS servicers conducted by the Structured Finance Association found each servicer was offering initial forbearance requests with minimal documentation requirements and without burdensome repayment plans, such as lump-sum payments, immediately following forbearance expiration, reports Jung Hyun Choi, Research Fellow at the Urban Institute. Upon collecting data from the Mortgage Bankers Association (MBA), Black Knight, and the US Census Bureau, Choi published six important facts about mortgage forbearance, adding that if policymakers are to better understand how to support all homeowners during this crisis, more data is essential. The facts, as she reported them, are as follows: 1. MBA data showed 7.44% of mortgages in forbearance. The share of loans in forbearance was the highest for loans in PLS and portfolio loans (10.12%), followed by Ginnie Mae loans (10.06%) and government-sponsored enterprise loans (5.19%). 2. The rates have dropped since June. Early last month, the share of loans in forbearance was 8.6% according to MBA’s survey of servicers and 8.9% according to Black Knight’s loan-level data. The share has dropped continuously since June as some homeowners in 90-day forbearance plans have come out of their plans without asking for an extension. Black Knight’s loan delinquency rates, which include loans in forbearance and not in forbearance, show a slight drop in the 30-day delinquency rate, from 7.8% in May to 7.6% in June. 3. Minority homeowners have been hit hardest. The US Census Bureau’s Household Pulse Survey reveals large differences by race and ethnicity, with Black and Hispanic households significantly more likely to miss or defer monthly mortgage payments and experience uncertainty about making next month’s payment than white households. According to the most recent survey, conducted from July 16 to 21, nearly 21% of both Black and Hispanic homeowners missed or deferred the previous month’s mortgage payment, compared with 10% of white homeowners and about 13% of all homeowners with payments due. This gap persisted over the duration of all survey weeks, as Black and Hispanic homeowners continue to be disproportionately burdened by the pandemic’s impact on employment and financial stability. 4. Homeowners are worried. As federal unemployment insurance payments established by the CARES Act were set to expire at the end of July, the share of households expressing “no confidence” in their ability to make their August mortgage payment reached almost 6%, its highest since the Household Pulse Survey began. That 6% includes 16% of Hispanic households and 8% of Black households but just 3 percent of white households. 5. More than 1 million households in forbearance are still paying their mortgage. Both MBA and Black Knight (PDF) show that about a quarter of households in active forbearance plans are still making their mortgage payments. We don’t know much about these households, including why they are still paying their mortgages despite their forbearance status, but more information could help policymakers. 6. More than 700,000 went delinquent despite forbearance options. Of greater concern, 530,000 homeowners who became delinquent after the pandemic began did not take advantage of forbearance, despite being eligible to ask for the plan. According to a recent National Housing Resource Center survey (PDF) of housing counselors, the two most common reasons are as follows: 1. Fear of making a lump-sum payment at the end of the period (69.9%) 2. Not knowing about the program (56.6%) These responses reflect a need to provide better information to all homeowners. (Lump-sum payment is not the only repayment option.) Although these survey results are valuable, they don’t reveal who these people are, which makes it difficult to develop outreach strategies. Additionally, 205,000 homeowners who did not extend their forbearance after its term ended in June or July became delinquent on their loans. We need to examine who these people are and why are they not extending their option.   Choi goes on to add details about the need for more data, and includes graphic information related to the above numbers.  center_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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 Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: ‘Clouds on the Horizon’ for Mortgage Delinquencies Next: FHA to Extend Foreclosure & Eviction Ban August 19, 2020 2,567 Views Mortgage Forbearance Pandemic Trends—Six Things to Know Sign up for DS News Daily Subscribelast_img read more

Family hold vigil to mark Buncrana murder victim’s birthday

first_imgNewsx Adverts Family hold vigil to mark Buncrana murder victim’s birthday RELATED ARTICLESMORE FROM AUTHOR Three factors driving Donegal housing market – Robinson Facebook WhatsApp Calls for maternity restrictions to be lifted at LUH Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter Google+ Facebookcenter_img Pinterest Twitter WhatsApp The family of a Derry man murdered in Buncrana last month have held a candlelit vigil in Derry to mark what would have been his 25th birthday.Father-of-two, Andrew Allen who was originally from Derry, was shot dead at his home near Buncrana in February.The vigilante group Republican Action Against Drugs later said it carried out the murder.Speaking to the BBC Mr Allen’s sister Michelle said the support of the community in Top of the Hill was a big comfort to the family. By News Highland – March 6, 2012 Google+ Previous articleEmergency services called to Letterkenny RTCNext articleGovernment shows ‘lack of commitment’ on radiotherapy centre running costs News Highland Guidelines for reopening of hospitality sector published NPHET ‘positive’ on easing restrictions – Donnelly Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

European fund could provide multi million euro jobs boost for Donegal

first_imgNews WhatsApp 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 By News Highland – April 8, 2013 Calls for maternity restrictions to be lifted at LUH Facebook Pinterest Facebook NPHET ‘positive’ on easing restrictions – Donnelly Google+ WhatsAppcenter_img Guidelines for reopening of hospitality sector published European fund could provide multi million euro jobs boost for Donegal Google+ Twitter Three factors driving Donegal housing market – Robinson Twitter Pinterest RELATED ARTICLESMORE FROM AUTHOR A northwest MEP has welcomed a new multi-million Euro Youth Employment Initiative for BMW Region but is seeking more detail on how jobs will actually be created.The Youth Employment Initiative could translate to as much as €20 million for the BMW region with largest proportions of the funding being directed to areas with over 25 per cent youth unemployment.MEP Jim Higgins says that while this could be a major boost to County Donegal which has a large percentage of youth un-employment, there are few details of how it will actually work:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/04/jimjob.mp3[/podcast] Previous articleGAA – McGuinness outraged as Donegal go down.Next articleNo overcrowding problem at Letterkenny General Hospital – INMO News Highland last_img read more

SF / Independent government would be a “political freakshow” – Kenny

first_img Facebook Twitter Calls for maternity restrictions to be lifted at LUH Facebook Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApp Previous articleListen back to live music chat and features on the Weekend EditionNext articleGalway auction sees three Donegal properties sell for a total of €140,000 admin By admin – July 25, 2015 center_img Google+ SF / Independent government would be a “political freakshow” – Kenny Twitter GAA decision not sitting well with Donegal – Mick McGrath Nine Til Noon Show – Listen back to Wednesday’s Programme Guidelines for reopening of hospitality sector published Homepage BannerNews Sinn Fein has rejected the Taoiseach’s comments labelling a possible Sinn Fein and Independents government as a ‘political freak show’.Enda Kenny made the remark at the McGill Summer School in Co. Donegal last night, during a discussion on the next General Election.Responding to the comments, Sinn Fein’s Enterprise Spokesperson Peadar Toibin says he believes the next election will be between Sinn Fein and Fine Gael.And he says the current government has caused instability to many Irish citizens………….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/07/toibin12.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. RELATED ARTICLESMORE FROM AUTHOR Google+last_img read more

19 jobs set to go in Coleraine

first_img Need for issues with Mica redress scheme to be addressed raised in Seanad also Guidelines for reopening of hospitality sector published Google+ Pinterest Facebook RELATED ARTICLESMORE FROM AUTHOR Pinterest WhatsApp Newsx Adverts WhatsApp Facebook Google+center_img Twitter Minister McConalogue says he is working to improve fishing quota 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 There are fears that 19 jobs are to go at Spanboard in Coleraine, after the chipboard manufacturer announced it’s consulting with workers.Local MLA John Dallat says it’s just over three years since 90 employees got their P45s and now the gates are likely to close on the remaining few.He says Coleraine and the wider East Derry area have experienced economic devastation……[podcast]http://www.highlandradio.com/wp-content/uploads/2012/06/jdall530.mp3[/podcast] Previous articleNephew of woman murdered 70 years ago “knows who main suspect is”Next articleSoccer – Packie Bonner Looks Forward To Euro 2012 News Highland Twitter By News Highland – June 7, 2012 19 jobs set to go in Coleraine 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Reportlast_img read more

Funding announced for 38 new units of social housing in Donegal

first_imgHomepage BannerNews Funding announced for 38 new units of social housing in Donegal RELATED ARTICLESMORE FROM AUTHOR Facebook Pinterest Google+ Dail hears questions over design, funding and operation of Mica redress scheme Facebook HSE warns of ‘widespread cancellations’ of appointments next week By News Highland – May 5, 2015 Twitter Google+center_img 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Man arrested in Derry on suspicion of drugs and criminal property offences released WhatsApp Previous articleCOMREG blamed for delay in Donegal town centre eFibre rolloutNext articlePlans unveiled to transform former Castlederg High School into business park News Highland Pinterest PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal WhatsApp Dail to vote later on extending emergency Covid powers 38 new housing projects are to begin in Donegal with a total investment of € 5,800,000 as part of the first phase of the Government’s Social Housing Strategy.8 Units are to be constructed in Ardara, 24 units in Drumrooske, Donegal Town and 8 units in Newtowncunningham.Nationally, 312 million euro is being spent building 17 hundred new homes around the country.Donegal Deputy Dinny McGinley says its a welcome investment but agrees in is only the tip of the iceberg in addressing Donegal’s housing waiting list:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/05/dinny1HOUSING.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitterlast_img read more

Derry electricity substation fire was started deliberately

first_img Previous articleCastlefinn Partnership awarded funding for White House garden projectNext articleGovernments urged to fund all year round Foyle Ferry service News Highland News Further drop in people receiving PUP in Donegal WhatsApp Google+ Gardai continue to investigate Kilmacrennan fire Pinterest Derry electricity substation fire was started deliberately Main Evening News, Sport and Obituaries Tuesday May 25th By News Highland – July 21, 2012 Twitter Facebookcenter_img Twitter 365 additional cases of Covid-19 in Republic WhatsApp Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry RELATED ARTICLESMORE FROM AUTHOR Facebook A fire at an electricity substation in Derry was started deliberately.The blaze was reported at about 6.45 on Friday evening at the substation on the Ferndale Road in the Galliagh area .The fire  caused power cuts for up to 3,000 homes – 150 homes are still without power.The Northern Ireland Fire and Rescue Service said youths had stored bonfire material close to the substation and this had been set on fire. 75 positive cases of Covid confirmed in North Google+last_img read more

Heartless thieves rob homes in Glendad as owners attend family wedding

first_img By News Highland – January 5, 2015 365 additional cases of Covid-19 in Republic Previous articleIBAL says Letterkenny is “Cleaner than European Norms”Next articleFionnuala Rabbitt is new MD of Highland Radio as Shaun Doherty steps down to focus on show News Highland Facebook Twitter Facebook Google+ Further drop in people receiving PUP in Donegal 75 positive cases of Covid confirmed in North Heartless thieves rob homes in Glendad as owners attend family wedding Thieves have targeted the homes of two families who were attending the same wedding at the weekend.The houses were broken into between the hours of 4.30pm and 10.30pm on Friday night in the Glengad area of Malin.Jewelry and other expensive items were taken from the home of the mother of the groom and his brother’s home as were items said to be of great sentimental value.Councillor Martin McDermott is a relation of those who were robbed – he made this appeal for information:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/01/wedd1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Main Evening News, Sport and Obituaries Tuesday May 25th center_img Pinterest Google+ WhatsApp WhatsApp Pinterest Twitter RELATED ARTICLESMORE FROM AUTHOR Man arrested on suspicion of drugs and criminal property offences in Derry Homepage BannerNews Gardai continue to investigate Kilmacrennan firelast_img read more