DS News Webcast: Tuesday 3/5/2013

first_imgHome / Featured / DS News Webcast: Tuesday 3/5/2013 Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Featured, Media, Webcasts March 5, 2013 613 Views Demand Propels Home Prices Upward 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Previous: Asking Prices Rise in February; Inventory Falls Next: Interest Shortfall – Growing Risk In Securitized Trades – Mar 06,2013  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago DS News Webcast: Tuesday 3/5/2013center_img The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 2013-03-05 DSNews Servicers Navigate the Post-Pandemic World 2 days ago Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: DSNews Coverage:- Report: Quarterly Gain in February Shows Recovery Has ‘Legs’- Fiserv Projects Increases into 2017Visit www.DSNews.com for all of your relevant Default Servicing Newslast_img read more

Total Home Sales and Prices Tick Slightly Upward in March

first_imgHome / Daily Dose / Total Home Sales and Prices Tick Slightly Upward in March  Print This Post Total Home Sales and Prices Tick Slightly Upward in March Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Distressed Sales Home Prices Home Sales Investors RealtyTrac Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. Related Articles About Author: Colin Robins According to RealtyTrac’s latest Residential and Foreclosure Sales Report for March and Q1 2014, U.S. residential properties sold at an estimated annual pace of roughly 5.2 million homes in March, a .4 percent increase from February, and up 8 percent from the previous year.The median sales price for both distressed and non-distressed properties increased to $164,500, a 1 percent increase from February and a 10 percent increase from March 2013. The upward swing in sales price reflected the 24th consecutive month where U.S. median home prices increased on an annual basis.The 10 percent increase was the biggest annual percentage increase in that 24-month span.”The housing market showed signs of coming out of hibernation in March after a sluggish fall and winter,” said Daren Blomquist, VP at RealtyTrac. “Median home prices increased on a monthly basis following six consecutive months where they were flat or declining, and increased on an annual basis by the biggest percentage since hitting bottom in March 2012.”Blomquist continued, “Sales volume also increased slightly from March to February following four consecutive monthly decreases, but both annual sales volume and median prices are still below their recent peaks in October and August respectively.”According to RealtyTrac, 34 percent of all U.S. residential property sales were to buyers with different mailing addresses than their primary property address. RealtyTrac opines that these buyers are more than likely investors or second-home buyers. Additionally, 7 percent of all sales in March were multi-parcel transactions, a situation where multiple properties are sold on the same date and recorded on the same sales deed.Despite the annual increase in residential sales volume nationally, six states and 21 of the nation’s 50 largest metros saw declines. States with decreasing sales volume compared to a year ago were Massachusetts, Rhode Island, California, Connecticut, Nevada, and Arizona.Distressed sales also experienced a hike. Short sales and distressed sales accounted for 16.4 percent of all sales in Q1, up from 14.5 percent from the previous quarter. However, the first quarter figure was down from 18.5 percent in the first quarter of 2013.Short sales nationally made up 5.6 percent of all sales in the first quarter, a .4 percent increase from 5.2 percent of all sales in the fourth quarter of 2013. Metros with the highest percentage of short sales in the first quarter included Orlando, Florida (16.6 percent), Tampa, Florida (14.6 percent), Las Vegas, Nevada (14.1 percent), Miami, Florida (13.7 percent), Jacksonville, Florida (13.7 percent), and Memphis, Tennessee (12.7 percent).”Meanwhile, the distressed share of sales increased from the fourth quarter to the first quarter nationwide and in 38 states, which—along with many non-distressed homeowners regaining enough equity to list their homes for sale—is helping to ease low inventory conditions in some markets,” Blomquist noted.REO properties made up 9.6 percent of all sales in the first quarter, and public foreclosure actions accounted for 1.2 percent of all sales nationwide. April 24, 2014 544 Views center_img in Daily Dose, Featured, Headlines, Market Studies, News Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: CFPB: Consumers ‘Fraught with Anxiety’ Closing Mortgages Next: DS News Webcast: Thursday 4/24/2014 The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Distressed Sales Home Prices Home Sales Investors RealtyTrac 2014-04-24 Colin Robins Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agolast_img read more

Women in Housing List Recognized in MReport’s September Issue

first_imgHome / Daily Dose / Women in Housing List Recognized in MReport’s September Issue Data Provider Black Knight to Acquire Top of Mind 2 days ago September 4, 2017 2,093 Views Related Articles The Best Markets For Residential Property Investors 2 days ago Subscribe Sign up for DS News Daily Tagged with: HOUSING mortgage MReport women Servicers Navigate the Post-Pandemic World 2 days ago Previous: The Week Ahead: Senate Committee Vote on Comptroller of the Currency Next: The Single Refiling Rule Reconsidered About Author: Nicole Casperson Data Provider Black Knight to Acquire Top of Mind 2 days ago Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img HOUSING mortgage MReport women 2017-09-04 Nicole Casperson The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Women in Housing List Recognized in MReport’s September Issue Out of hundreds of nominations from across the mortgage industry, MReport—the sister publication of DS News—released its 2017 Women in Housing List, featuring a number of well-established female leaders that have made names for themselves and been recognized by their peers.There is a common thread between those that have been selected, as their careers have been shaped by experience, confidence, and perseverance. From young developing leaders to seasoned executives with 30-plus years of experience, the industry is filled with impactful women who are using their voice to promote diversity and inclusion.The Women of Housing list is divided into three categories: Power Players, which honors nine C-suite and executive-level women; Leading Ladies, recognizing top female executives and managers; and Emerging Leaders, which features up-and-coming talents who are 35-years of age or younger as of September 1, 2017.As a featured Power Player, Ann Thorn serves as the Executive of Mortgage and Vehicle Servicing Operations for Bank of America. Thorn attributes her success to simply having self-confidence, a quality she also teaches to young women.“They can’t hold back. They have to be brave enough and have the courage to take that next step,” Thorn said. “There’s an enormous amount of unbelievable women, whether they’re sitting in an executive or they have a line-level job, it doesn’t matter. They still have the power at whatever position they’re in in the workforce to make a difference.”One of MReport’s Emerging Leaders is Shasta Patton, VP of Customer Experience at Mr. Cooper (Nationstar Mortgage Holdings). At 29-years-old, Patton represents a diverse group of young and motivational leaders.“As an industry, we have a challenge in promoting minority women, and Shasta is a great example of what the next wave of female leaders can look like,” said Dana Dillard, EVP of Mr. Cooper.MReport’s Women in Housing is a special issue published annually, and the women will be recognized at the Five Star Conference’s Women in Housing Leadership Forum. The forum will be held on Wednesday, September 20th at 2 p.m. at the Hyatt Regency in Dallas, Texas.During the forum, some of the industry’s most accomplished women will speak on promoting diversity and inclusion throughout the industry. The Women in Housing Leadership Forum presents the following speakers:Karen Bellezza, Chief Administrative Officer, Selene FinanceKathy Cummings, SVP of Home Ownership Solutions and Affordable Housing Programs, Bank of AmericaCourtney Ehinger, SVP, Core Servicing, Mr. Cooper (Nationstar Mortgage Holdings)Yvette Gilmore, VP Single-Family Service Performance Management, Freddie MacAli Haralson, EVP, Client Management, Auction.comKimberly Neff, Principal – Financial Services, Ernst and YoungCaroline Patane, VP – Customer Compliance and Evaluations, Fannie Mae Demand Propels Home Prices Upward 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save in Daily Dose, Featured, Newslast_img read more

The Industry Pulse: Updates on Ocwen, Auction.com, and More

first_img Tagged with: Auction.com Company News First American lereta Ocwen ServiceLink The Industry Pulse Think Realty Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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] Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe April 26, 2018 2,222 Views Home / Daily Dose / The Industry Pulse: Updates on Ocwen, Auction.com, and More About Author: David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Auction.com Company News First American lereta Ocwen ServiceLink The Industry Pulse Think Realty 2018-04-26 David Wharton Related Articles From rewards and recognition to new appointments and initiatives,get the buzz on the industry’s latest news in this weekly update. The Industry Pulse: Updates on Ocwen, Auction.com, and More Previous: Ocwen Awarded Top Servicing Performance Rating from Fannie Mae Next: How Many Homeowners Plan on Remaining in Their Homes? Ocwen Financial Corporation, a financial services holding company based in West Palm Beach, Florida, has announced that the company was named a Fannie Mae Servicer Total Achievement and Rewards (STAR) Performer for 2017. The STAR Program recognition is reserved for top performing servicers within one or more of three STAR Performer categories: general servicing, solution delivery, and timeline management. For the 2017 STAR Program year, Ocwen received a STAR Performer for general servicing, solution delivery, and timeline management.“We are extremely proud to receive the STAR award from Fannie Mae across all three categories,” said Scott Anderson, EVP and Chief Servicing Officer of Ocwen. “This recognition is another proof point of our team members’ high standards, accountability, and commitment to service excellence as well as the company’s focus on continuous improvement in our systems and processes.”________________________________________________________________________________Think Realty Radio, a national radio show airing daily on Wall Street Radio, has secured a partnership agreement with California-based Auction.com, an online real estate marketplace focused exclusively on the sale of residential bank-owned and foreclosure properties. Auction.com sponsors the Think Realty Radio show on Thursdays.“We are excited to connect with Think Realty’s national audience of investors and help them find properties that fit their individual and personal investment criteria,” said Colleen Lambros, CMO from Auction.com. “We look forward to a long and fruitful partnership with Think Realty.”________________________________________________________________________________California-based First American Financial Corporation, a global provider of title insurance settlement services and risk solutions for real estate transactions, today announced financial results for the first quarter ended March 31, 2018. Total revenue for Q1 2018 was $1.3 billion, a decline of 1 percent relative to Q1 2017. Net income in the current quarter was $76.2 million, compared with net income of $58.3 million in Q1 2017. Net realized investment losses in the current quarter were $5.7 million, compared with net realized losses of $0.1 million last year.“The year is off to a strong start, with the company achieving a pretax title margin of 8.6 percent in the first quarter,” said Dennis J. Gilmore, CEO at First American Financial Corporation. “Revenue growth in our purchase and commercial businesses largely offset the impact of the downward trend in refinance transactions. We benefited from our continued focus on operating efficiency and from higher investment income driven by the rise in short-term interest rates.”________________________________________________________________________________LERETA, a leading national real estate tax and flood service provider, announced that William Theisinger has joined the executive team as CTO. Theisinger has an established career building and leading solutions programs and will play a pivotal role in bringing technology to the forefront for LERETA and its customers. Theisinger has 20 years of experience leveraging technology and delivering solutions to businesses across numerous verticals. In his role at LERETA, Theisinger is focused on creating business platforms that allow for greater efficiencies both internally and for the company’s customers.“Developing advanced technology is in my DNA,” Theisinger said. “LERETA has given me the opportunity to create unique offerings, and I am looking forward to the team creating revolutionary solutions for our clients.”Prior to LERETA, Theisinger worked at YP.com (The Real Yellow Pages) for five years, building big data platforms and the infrastructure to support them. He segued into owning his own business, Snipvue, that is focused on the evolution of technology opportunities in the genetics space. Theisinger also worked at tech incubator, IdeaLab in Pasadena, Calif. and GoTo.com, which was eventually bought by Yahoo!.________________________________________________________________________________ServiceLink, the Pittsburgh-based national provider of transaction services for the mortgage and finance industries, has hired Sean Galaise as a national sales executive of default services. Galaise comes to ServiceLink with more than 15 years of experience managing sales and operations within the lending and loan servicing mortgage default industry.Galaise has worked with several companies such as EMC Mortgage, JP Morgan Chase, Caliber Home Loans and The Five Star Institute. Galaise brings ServiceLink particular strength in the field services sales area, as he has spent the last three years representing a nationwide asset management and field service provider. He will also focus on ServiceLink’s auction sales strategy leveraging his experience managing auction activity and high-risk assets for EMC/Bear Stearns, JP Morgan Chase, and Caliber Home Loans. Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily in Daily Dose, Featured, News, Servicinglast_img read more

The Industry Pulse: The Latest Buzz in Financial Services

first_img in Daily Dose, Featured, News The Best Markets For Residential Property Investors 2 days ago About Author: Radhika Ojha Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / The Industry Pulse: The Latest Buzz in Financial Services Blue Water Financial Technologies Ellie Mae LOGS Servicing Technology Trulia 2019-01-31 Radhika Ojha Subscribe Tagged with: Blue Water Financial Technologies Ellie Mae LOGS Servicing Technology Trulia January 31, 2019 1,567 Views Previous: Economist to Today’s Teens: “Start Saving Now” Next: Senior Leadership Changes at CFPB The Industry Pulse: The Latest Buzz in Financial Services 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Postcenter_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles From rewards and recognition to new appointments, learn what’s happening in the industry in this weekly update.The LOGS Network announced the appointment of Jason Shapiro Esq. as Chief Revenue Officer. In this role, Shapiro will be responsible for the management and oversight of the national sales, marketing, and business development efforts for all LOGS Network law firms, title companies, and affiliated entities.”It is with great pleasure and personal pride that I am announcing the addition of Jason Shapiro to the LOGS Network executive team,” said Gerry Shapiro, Chairman, LOGS. “As we continue to position our enterprise for the future, it is of paramount importance that we focus on the next generation of our leadership.”Shapiro, along with Kay Schinker (COO), Jaqueline Comeau (Chief Compliance Officer), Jamie Zelvin (General Counsel), and the LOGS partners across the country will form the foundation that carries the LOGS Network forward.”My partner, David Kreisman, and I are proud of what we have accomplished over the last 40 years and are excited to watch our partners and operational leaders carry on the tradition of performance excellence that has been the focal point of our management style and the secret to our success,” Gerry Shapiro said.______________________________________________________________In a recent announcement, California-based Trulia, a home listing portal, named Issi Romem its new Chief Economist. “Finding a new home and neighborhood is no easy task, especially as the real estate market continues to shift over time. With our housing research, Trulia has always strived to help people understand what trends and policy changes they need to consider during their home search,” the company statement reads.At Trulia, Romem will spearhead economic research and use Trulia’s neighborhood-level data to provide timely industry insights on both national and local housing market trends, demographic shifts and economic policies that matter most to buyers and renters. “In the coming weeks, you can expect to see more research and data analysis from Issi and the team, and we look forward to sharing his insights on the housing market,” Trulia said. The company also stated that they are extremely excited to announce the appointment of Romem.______________________________________________________________Ellie Mae, a California-headquartered cloud-based platform provider for the mortgage finance industry has announced the 2019 Ellie Mae Hall of Fame award winners and finalists. These awards honor mortgage lenders who have distinguished themselves with their innovative use of Ellie Mae technology.Winners will be honored at Ellie Mae Experience 2019 User Conference, March 10-13, 2019 at Moscone West in San Francisco, California. “Congratulations to our 2019 Ellie Mae Hall of Fame award winners and finalists,” said Jonathan Corr, President and CEO of Ellie Mae. “We are honored to induct these great companies into the Ellie Mae Hall of Fame where they join prior winners who have helped shape the mortgage market. Our winners are delivering on the promise of a true digital mortgage through their use of innovative technologies and a platform approach to lending. We look forward to honoring them at our Experience User Conference.”______________________________________________________________Blue Water Financial Technologies (BWFT) announced it has added to its growing executive team and hired Travis LaMar as Managing Director, Head of Capital Markets.As Managing Director, LaMar joins a strong data science and analytics team and brings 20 years of experience in mortgage secondary and capital markets to BWFT. LaMar will work out of BWFT’s headquarters in Minneapolis where he will focus on MSR brokerage, structuring solutions for MSR, and hedging solutions.Prior to joining Blue Water, LaMar ran Mortgage Secondary Markets for Bank of Oklahoma following his role as a Managing Director at Incenter, where he was responsible for all aspects of pricing, hedging and loan, MBS and MSR sales. Earlier in his career, LaMar held Senior Trading roles at US Bank and GMAC-RFC, where he hedged a large MSR portfolio and ran a non-agency ARM desk, respectively. The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agolast_img read more

Checking the Books With Goldman Sachs and CitiGroup

first_img  Print This Post About Author: Seth Welborn Home / Daily Dose / Checking the Books With Goldman Sachs and CitiGroup in Daily Dose, Featured, Market Studies, News, Secondary Market Share Save The Best Markets For Residential Property Investors 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Citigroup Financial Results Goldman Sachs Q1 Demand Propels Home Prices Upward 2 days ago Citigroup Financial Results Goldman Sachs Q1 2019-04-15 Seth Welborn April 15, 2019 1,873 Views The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Checking the Books With Goldman Sachs and CitiGroup On Monday, Goldman Sachs and CitiGroup released their earnings reports for Q1 2019. CitiGroup’s profits rose 2% year over year, while Goldman Sachs saw a 13% decline, below analyst’s expectations.“We are pleased with our performance in the first quarter, especially in the context of a muted start to the year,” Goldman CEO David Solomon said in the release. “Our core businesses generated solid results driven by our strong franchise positions. We are focused on new opportunities to grow and diversify our business mix and serve a broader range of clients globally.”Goldman Sachs’ real estate lending declined from Q4 2018, but increased year over year in Q1 2019. Meanwhile, CitiGroup reported a slight increase in mortgage lending, both year over year and quarter over quarter in Q1 2019.“Our earnings reflect the progress we are making to improve our return on and return of capital,” said Citi CEO Michael Corbat in a statement. “Both our consumer and institutional businesses performed well and we saw good momentum in those areas where we have been investing, such as U.S. Branded Cards, Treasury and Trade Solutions, and Investment Banking. Importantly, our strategy in North America consumer banking is showing good early results as we introduce new products and engage with a broader range of customers, through digital channels.”Wells Fargo and JPMorgan Chase released their respective Q1 2019 earnings on Friday, with both banks exceeding expectations.“In the first quarter of 2019, we had record revenue and net income, strong performance across each of our major businesses and a more constructive environment,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase in a statement. “Even amid some global geopolitical uncertainty, the U.S. economy continues to grow, employment and wages are going up, inflation is moderate, financial markets are healthy and consumer and business confidence remains strong.”JPMorgan Chase’s home lending net revenue was $1.3 billion, up from the previous quarter by down 11% year over year, driven by lower net servicing revenue. Wells Fargo’s mortgage banking income was $708 million, up from $467 million in fourth quarter 2018, and the production margin on residential held-for-sale mortgage loan originations increased to 1.05%, from 0.89% in the fourth quarter. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 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 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. Sign up for DS News Daily Previous: When Housing Coincides With Transit in La-La Land Next: Ginnie Mae’s MBS Balance Continues to Climb Subscribelast_img read more

The Rise of the Mid-Size Single Family-Rental Investor

first_imgHome / Daily Dose / The Rise of the Mid-Size Single Family-Rental Investor Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago with nature background. A sustainable investment.Commentary by Forbes says that the rise of technology is making single-family rental investments and management easier, leading to the rise of the midsize investor. Forbes adds that less than 2% of single-family homes are owned by institutional investors, while 87% are owned by investors with fewer than 10 units. “The biggest increase in market share over the past year has come among investors owning six to 10 single-family rentals, followed by those owning between 11 and 100 rentals,” said Daren Blomquist, SVP at ATTOM Data Solutions. “These smaller to mid-tier investors are benefiting from newfound efficiencies in acquisition, financing and property management that allow them to buy outside their backyard in areas with higher potential returns, and to leverage their money to buy more properties.”Areas best suited for smaller-level investors are often labeled up-and-coming are “ideal locations” for single-family rental investors. “For one thing, the price-to-rent ratios are often much more attractive, while yields tend to be higher,” the report states. “Properties in less densely populated areas are also better insulated against a downturn in the housing market as well. Meanwhile, properties in saturated markets are currently performing the worst.”The markets labeled up-and-coming include: Charleston, South Carolina; Columbus, Ohio; Tempe, Arizona; Evanston, Illinois; Decatur, Georgia; Alpharetta, Georgia; Boise, Idaho; and Jacksonville, Florida. Additionally, investors are advised to look for low-risk, high-return counties, with potential yields of at least 10%. Up-and-coming markets include markets with property taxes lower than 1% and vacancy rates of no more than 5%. According to realtor.com, investors are using the popularity of single-family rental to their advantage. Real estate investors purchased 7.7% of all homes in the second quarter of 2019, up 0.6% year-over-year, the most speculation the market has seen 2013. St. Louis is considered the most appealing destination for both flippers and landlords, with 18.8% of sales as investment properties. “Twenty years ago, [real estate investors] were all locals,” says St. Louis broker and landlord Dennis Norman of MORE Realtors. Now, “we have a lot of investors from California, from Colorado, and even international investors.” Previous: What Drives Early-Stage Delinquency Rates? Next: How Europe’s Example Could Help Address America’s Housing Crisis Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago single family investment Single Family Rental 2019-11-04 Mike Albanese in Daily Dose, Featured, News, Secondary Market Tagged with: single family investment Single Family Rental Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img The Rise of the Mid-Size Single Family-Rental Investor Servicers Navigate the Post-Pandemic World 2 days ago About Author: Mike Albanese Data Provider Black Knight to Acquire Top of Mind 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. Share Save  Print This Post The Best Markets For Residential Property Investors 2 days ago November 4, 2019 2,682 Views Related Articles Sign up for DS News Daily Subscribelast_img read more

DS5: Preparing Homeowners for the End of Forbearance

first_imgHome / Daily Dose / DS5: Preparing Homeowners for the End of Forbearance Related Articles Demand Propels Home Prices Upward 2 days ago October 7, 2020 1,368 Views  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago 2020-10-07 Christina Hughes Babb in Daily Dose, Featured, Media, News, Webcasts 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. About Author: Christina Hughes Babb Sign up for DS News Daily Previous: Freddie Mac Update: A Look at Non-Performing Loans Next: HUD Awards $4 Million for Disabled Veterans’ Residences Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago DS5: Preparing Homeowners for the End of Forbearance Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 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 The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago This week’s DS5 installment features Steve Bailey, Senior Managing Director and Chief Mortgage Operations Officer for PennyMac Financial Services. He discusses how the industry is preparing for homeowners to begin coming out of forbearance, as well as what other top challenges he anticipates for next year.Baily says that communication and attention to nuance are going to be key components of successfully shepherding borrowers out of forbearance.”In order to have the right answers for your homeowners, you have to be connected,” he said. “You do everything you can do—email, text, messages on your website, standard letter—making sure people understand to deliberately ask for more time if they need it.”Hear Bailey’s suggestions in full, plus a summary of last week’s news, here: Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Donegal teens in the running Foróige Entrepreneurs award

first_img Guidelines for reopening of hospitality sector published By News Highland – April 24, 2012 Help sought in search for missing 27 year old in Letterkenny Facebook Google+ WhatsApp RELATED ARTICLESMORE FROM AUTHOR Facebook Two teenagers from Donegal are in the running to be named Youth Entrepreneurs of the Year 2012.14-year-olds Aoibhinn and Ria Gallagher from Ballyshannon are among six finalists who will have their businesses judged in Dublin on Thursday.The girls produce a pre-packed baking mixture which they sell to local businesses.The manager of the Foróige operated Network for Teaching Entrepreneurship is Maria Doherty:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/04/faroige.mp3[/podcast] NPHET ‘positive’ on easing restrictions – Donnelly 448 new cases of Covid 19 reported today Google+center_img Twitter WhatsApp Previous articleParents reminded of the warning signs of meningitisNext articleSenator calls for action to help those in serious mortgage difficulty News Highland Pinterest Calls for maternity restrictions to be lifted at LUH Donegal teens in the running Foróige Entrepreneurs award Pinterest Three factors driving Donegal housing market – Robinson Twitter Newsx Advertslast_img read more

“New Beginning” welcomes successful outcome to Donegal insolvency case

first_img Pinterest Twitter WhatsApp Three factors driving Donegal housing market – Robinson Almost 10,000 appointments cancelled in Saolta Hospital Group this week “New Beginning” welcomes successful outcome to Donegal insolvency case News By News Highland – November 26, 2013 LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Previous articleCavanagh named Tyrone CaptainNext articleHarley calls for changes to EU road contract rules News Highland Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Guidelines for reopening of hospitality sector published center_img Pinterest WhatsApp Google+ Personal debt campaigners say hundreds of more people will soon benefit from the new insolvency regime.It’s after a Donegal HSE worker last night became the first person to enter an arrangement under the Act – which will see 70 per cent of their debt written off.The Donegal borrower was a partner in a business that failed, and the collapse of the business left the individual with a residual debt they could not pay.The agreement was reached at a meeting organised with the help of the New Beginning group.Its founder Vincent P Martin says the deal is a landmark moment for struggling borrowers……….[podcast]http://www.highlandradio.com/wp-content/uploads/2013/11/martininsolvency.mp3[/podcast] RELATED ARTICLESMORE FROM AUTHOR Calls for maternity restrictions to be lifted at LUH Twitter Facebook Google+ Facebooklast_img read more