September 1, 2021
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first_imgHome / Daily Dose / Where Homeowners Are Overleveraged Subscribe Data Provider Black Knight to Acquire Top of Mind 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 The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago March 27, 2019 1,728 Views About Author: Seth Welborn 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. Previous: Diving Deeper Into Housing Finance Reform Next: Disaster Response—Lessons Learned and Preparations Planned With mortgage rates falling and the buyer’s market in full swing, some potential homeowners might be tempted to go ahead and buy before they’re ready. This could lead to a borrower becoming overleveraged, and owing more than they should. In a report, WalletHub found which U.S. cities have the highest percentage of homeowners are currently overleveraged, by comparing the median mortgage balances against the median income and median home value in more than 2,500 cities.With a median mortgage debt of $115,499 but a median home value of $43,800, McKees Rocks, Pennsylvania is one of the most overleveraged cities in the country. Mckees Rock holds a mortgage debt-to-house value ratio of 264 percent, and a mortgage debt-to-income ratio of 351 percent.“New homeowners tend to not realize the cost of maintenance and desired upgrades, creating long run financial stress,” said Ron Throupe, Ph.D., Associate Professor, Franklin L. Burns School of Real Estate and Construction Management, University of Denver. “For any buyer overextending income ratios or counting on income increases to justify the purchase is a long run misery to avoid.”Other cities on WalletHub’s list include Kahului, Hawaii, with a debt-to-income ratio of 955 percent. The median mortgage debt in this city is $375,249, while the median income is just $39,279.Another expert WalletHub spoke to is Robert Stoll, a Certified Financial Planner and Founder of Honey Lake Advisors. According to Stoll, one of the biggest financial mistakes potential homeowners make when buying a home is simply buying too expensive of a home.“Conventional wisdom in personal finance says that you want to keep the amount of your combined mortgage payment, property taxes, and homeowners insurance to less than 28 percent of your gross, pre-tax income,” said Stoll. “Many lenders will lend you more money that pushes that ratio above 28 percent, but buyers need to keep in mind that if they pay too much for a home, they will have to sacrifice elsewhere. A lot of people who “reach” for a bit more expensive home find out they don’t have money to take vacations or eat out as much, or they don’t have any money left over to save for college or retirement.”center_img Share Save debt DTI mortgage payments WalletHub 2019-03-27 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Tagged with: debt DTI mortgage payments WalletHub The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News Where Homeowners Are Overleveragedlast_img read more

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first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Week Ahead: Senate Committee Talks Housing Reform Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Share Save Home / Daily Dose / The Week Ahead: Senate Committee Talks Housing Reform Tagged with: Banking Commitee crapo GSE Housing Reform Senate Urban Institute Sign up for DS News Daily About Author: Seth Welborn Previous: Housing Market Needs New Construction Next: Cloudvirga Partners With Ellie Mae 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 agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago On Tuesday March 27, at 10 a.m. ET, the Committee on Banking, Housing, and Urban Affairs will begin its hearing on the Committee’s Housing Reform Outline. The witnesses will be: Sue Ansel, President and CEO, Gables Residential, on behalf of The National Multifamily Housing Council; Edward J. DeMarco, President, Housing Policy Council; Greg Ugalde, Chairman of the Board, National Association of Home Builders; Mark M. Zandi, Chief Economist, Moody’s Analytics; Hilary O. Shelton, Washington Bureau Director and SVP for Advocacy and Policy, NAACP; and Adam Levitin, Professor of Law, Georgetown University Law Center.Committee Chairman Mike Crapo’s Housing Reform Outline is a short outline detailing several key changes the committee wishes to see, including ensuring Fannie Mae and Freddie Mac will be private guarantors, and reform to the FHFA.In a research brief authored by Jim Parrott, Dave Stevens, Mark M. Zandi, Urban Institute addressed some unresolved issues in the Outline.”While leaving much to be resolved, it offers a promising framework from which to begin,” the brief stated. “How this framework is filled in will be important, however, since a few critical structural choices yet to be made will have a dramatic impact on how the proposed system would work. We offer a summary of where this framework starts, three of the most important design issues left to be decided, and how these issues must be decided to ensure a viable path for the legislative reform we so badly need.”The hearing can be viewed here.Here’s what else is happening in The Week Ahead:U.S. Census Bureau New Residential Construction Report, Tuesday, 8:30 a.m. ETS&P CoreLogic Case-Shiller HPI, Tuesday, 9:00 a.m. ETFHFA House Price Index, Tuesday, 9:00 a.m. ETMBA Mortgage Applications, Wednesday, 7:00 a.m. ETNAR Pending Home Sales Index, Thursday, 10:00 a.m. ETFed Balance Sheet, Thursday, 4:30 p.m. ETNew Home Sales, Friday, 10:00 a.m. ETCensus Bureau New Residential Sales report, Friday  Print This Post 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Banking Commitee crapo GSE Housing Reform Senate Urban Institute 2019-03-22 Seth Welborn in Daily Dose, Featured, Government, Market Studies, News March 22, 2019 1,480 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

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first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Home / Daily Dose / HUD’s Dr. Benjamin Carson Delivers Opportunity Zone Update Share 2Save HUD’s Dr. Benjamin Carson Delivers Opportunity Zone Update 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. Demand Propels Home Prices Upward 2 days ago Related Articles Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days agocenter_img June 18, 2020 3,494 Views Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Disaster Response During a Challenging Summer Next: Where Renting is More Appealing Than Homeownership The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Dr. Ben Carson, Secretary of the U.S. Department of Housing and Urban Development (HUD) and Chairman of the White House Opportunity and Revitalization Council (Council), delivered a report this month to President Donald J. Trump outlining Opportunity Zone best practices and examples of revitalization occurring across the Nation. On December 12, 2018, President Trump established the Council to support the Administration’s pledge to encourage public and private investment in urban and economically distressed areas, including Opportunity Zones. Since the Council’s one-year report was issued in December of 2019, the Council has taken approximately 80 additional action items-for a total of more than 270-to promote the mission of Opportunity Zones.”On behalf of the Council, we are pleased to issue this report, which includes case studies and best practices observed by the Council across the country,” said Council leadership in the report to the President. “There are inspiring stories happening in real time, with action being taken by State governments, local governments, Qualified Opportunity Funds, public-private partnerships, and others to spur revitalizing investments in the areas of most need. This report will prove to be especially helpful and encouraging to communities as they continue to admirably fight the invisible enemy known as COVID-19.”The report identifies legislation and executive actions that States have taken to aid the Federal Opportunity Zones mission. The report further discusses the efforts of State agencies to become involved in the Opportunity Zones space, including through contests and competitions, and outlines ways that State-specific actions regarding Opportunity Zones have created certainty and stability for investors. The second section also features examples of State websites that offer a “matchmaking service” between investors and entrepreneurs in Opportunity Zones. Each State’s Opportunity Zones-related website link can be found on the homepage of the “OpportunityZones.gov” website.The report offers examples of national foundations with billions of dollars in assets that provide support to Opportunity Zone communities and investors who seek to make a positive social and economic impact. It also offers examples of charitable organizations that are focused on issues within the Council’s work streams-issues like reentry for those who have served time in prison; housing affordability for those who are cost-burdened; and mentorship for at-risk youth.The third section also highlights best practices of private financial institutions that have devoted considerable resources towards establishing unique and innovative tools that can help drive investment in Opportunity Zones and benefit communities across economically distressed areas, whether they be rural, urban, suburban, or tribal. For example, MasterCard’s Center for Inclusive Growth has developed a toolkit that reveals insights into the current state and potential for inclusive growth in Opportunity Zones across the country. Likewise, Citi has launched a data-driven platform to support Opportunity Zone investments by aggregating key social information about different Opportunity Zones. The report also references the teams that competed in the Opportunity Zones component of the 2019 Opportunity Project sprints, an initiative of the U.S. Census Bureau. HUD Opportunity Zones 2020-06-18 Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: HUD Opportunity Zones in Daily Dose, Featured, Newslast_img read more

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first_img While house prices are rising in a robust market, low interest rates are making homeownership more affordable than it was 20 years ago, according to the winter edition of “The Housing and Mortgage Market Review (HaMMR),” released Thursday by Arch Mortgage Insurance Company (Arch MI).The review—created by Arch MI’s Chief Global Economist Ralf DeFranco, SVP Rob Hardie, Senior Writer Jo Fleischer, and Senior Graphic Designer Jordan Yuen—focuses on affordability and its impact on the rate of homebuilding across the nation. It also examines how historically low mortgage rates are contributing to increased affordability for median income buyers across the nation. Additionally, the authors look at the potential impact Biden’s administration will have on housing policy and detail trends in the nation’s Five Most Affordable Cities with growing job markets (Indianapolis, IN; Atlanta, GA; Raleigh, NC; Columbus, OH; Nashville, TN).”Home prices have been rising steadily, but historically low mortgage rates are contributing to increased affordability for median-income homebuyers in large parts of the country,” Hardie said. “Another factor is that many potential homebuyers are working at home and are increasingly focused on larger properties in suburbs, exurbs, and rural areas where affordability is higher. We also look at how the ability to more easily increase housing stock in a given area impacts affordability.”As for how home construction will impact both supply and affordability, researchers point to the words of Robert Shiller, who theorizes the following in his book “Irrational Exuberance:”“If ever home prices were to exceed the cost of construction, there would be an incentive for builders to supply more homes, and a steady increase in supply would continue until the extra supply depressed price back down to cost.”The Arch MI researchers noted in the review that this ability to add new supply is, “in theory, a safety valve that helps regulate housing cost in most of the country.”The authors noted that, at a national level, they expect demographics to drive continued robust housing demand as more Millennials reach the age where they will form households and buy homes, particularly in this rate environment.The aforementioned suburban migration trend is “a good thing for affordability given the lack of ability to increase housing stock easily in the downtown areas of larger cities.”They added that even with such a shift, net new demand is likely to be greater than the rate at which builders are building new homes, which they say will exacerbate the multi-year low levels of available supply.”As President-elect Joe Biden takes office, maybe he should take a page out of President Franklin D. Roosevelt’s book with a ‘Housing New Deal’ to incentivize the addition of new single-family housing stock to keep affordability in check while creating jobs in the construction sector,” the authors said.The HaMMR also explores other potential market movers such as:How the new administration could reshuffle housing policy, and, in particular, how the new capital rule will drive prices and increase risk; what the potential exits of Fannie Mae and Freddie Mac from government conservatorship will mean; and what an updated definition of qualified mortgage mean for lenders and borrowers.The full quarterly HaMMR can be accessed at mortgage.archcap.com. in Daily Dose, Featured, Government, Market Studies, News Migration, Low Rates Make Homeownership Attainable Servicers Navigate the Post-Pandemic World 2 days ago 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. Demand Propels Home Prices Upward 2 days ago 2021-01-08 Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Share Save Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Long-Term Unemployment Numbers Concern Economists Next: Report Reflects a ‘Troubling Slowdown’ for Forbearance Improvement Demand Propels Home Prices Upward 2 days ago About Author: Christina Hughes Babb Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Migration, Low Rates Make Homeownership Attainable The Best Markets For Residential Property Investors 2 days ago January 8, 2021 1,241 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Subscribelast_img read more

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first_img Facebook NPHET ‘positive’ on easing restrictions – Donnelly By News Highland – February 18, 2013 LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter Google+ Google+ Twitter A new ‘report card’ has found the government isn’t doing enough to help children suffering from child poverty.The report by the Children’s Rights Alliance – a coalition of more than 100 organisations – gave the government an F grade and they say the problem is getting worse.Tanya Ward is from the Alliance.She says the worst performing areas were child poverty and health because of the delay in the Children’s Hospital and primary health care centres.She says the cuts to child benefit in the December budget have not helped.”The problem with that cut was that most of that money was not redirected into children’s services” she said.”They need to make sure that child benefit does remain universal – but if they’re going to cut the benefit payment, they need to re-direct it into child care services, and a second-tier payment for families who are really suffering on the breadline” she added. Pinterest Guidelines for reopening of hospitality sector published Facebookcenter_img News Help sought in search for missing 27 year old in Letterkenny Pinterest WhatsApp Government gets F grade for child poverty Calls for maternity restrictions to be lifted at LUH Three factors driving Donegal housing market – Robinson RELATED ARTICLESMORE FROM AUTHOR WhatsApp Previous article1000s expected for Dublin protestNext articleMinister says leeway critical on promissory note deal News Highland last_img read more

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first_imgNewsx Adverts Pat The Cope concerned over future of IFI funding Twitter Calls for maternity restrictions to be lifted at LUH Almost 10,000 appointments cancelled in Saolta Hospital Group this week Pinterest Facebook Twitter LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Three factors driving Donegal housing market – Robinson WhatsApp RELATED ARTICLESMORE FROM AUTHORcenter_img Google+ By News Highland – February 17, 2011 Pinterest Previous articleLetterkenny Chamber to host election debateNext articleGroup calls for immediate upgrade of Derry railine – Minister responds News Highland Google+ Facebook Guidelines for reopening of hospitality sector published There are fears for the future of the International Fund for Ireland with a crucial vote due to be taken on Thursday evening.Republicans in the US House of Representatives want to withdraw their country’s government contributions, as part of a raft of money-saving proposals.The 25 year old fund was set up by the Irish and British governments, and also receives donations from within the EU, Canada, Australia and New Zealand.However a drop-off in funding from the US is seen as a major problem.The proposals will be voted on later today.Pat The Cope Gallagher MEP says representations have been made to have the fund retained and now a result of the vote is anxiously awaited:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/02/cope530IFI.mp3[/podcast] WhatsApp Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

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first_imgNews Twitter Fourteen people charged in connection with a protest at the arms manufacturing company  Raytheon in Derry will argue that their actions were justified Derry Crown Court was told on Monday.The fourteen, nine women and five men face a series of charges including burglary, assault on police obstruction, criminal damage and impersonating a police officer after a protest outside the plant last January.When they appeared at Derry Crown Court today all 14 pleaded not guilty.The court heard that the trial is expected to last three to four weeks.Mr. Brian McCartney QC said that the defence would be justification and that evidence from a Raytheon executive in a previous trial would form part of the defence. He said that this included the effect damage to the Raytheon plant had n the supply of weapons to the Israeli Defence forces.A trial date was set for March 8 and the Recorder, Judge Des Marrinan said some thought would need to be given to how al 14 defendants and their counsel could be accommodated Need for issues with Mica redress scheme to be addressed raised in Seanad also Raytheon 14 to argue their actions were justified Twitter Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week By News Highland – January 11, 2010 WhatsApp Google+ Google+center_img Facebook WhatsApp Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey RELATED ARTICLESMORE FROM AUTHOR Previous articleRoads still dangerous despite thawNext articleMayor facing no confidence motion as dispute gets personal News Highland Guidelines for reopening of hospitality sector published Pinterest Calls for maternity restrictions to be lifted at LUH last_img read more

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first_imgHomepage BannerNews Previous articlePringle says new report on Post Office network is little more than an election gimmickNext articleRuaille Buaille le Colm Feireater 19/01/16 admin Dail to vote later on extending emergency Covid powers PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Pinterest 365 additional cases of Covid-19 in Republic Facebook Facebook Twitter 42% of urology patients waiting a year for Day Surgery at LUH Serious concern has been raised following the revelation that over 42% of Urology patients at Letterkenny University Hospital are waiting a year or more for a Day Surgery appointment.The figures, which have been provided by the National Treatment Purchase Fund, show that there are fifty people waiting twelve months or more.Earlier this month, the HSE revealed 328 patients have been waiting over a year for outpatient appointments.Donegal Deputy Padraig Mac Lochlainn says it’s a scandal………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/01/padraigurology.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsAppcenter_img Google+ Pinterest Twitter Google+ Man arrested in Derry on suspicion of drugs and criminal property offences released By admin – January 21, 2016 HSE warns of ‘widespread cancellations’ of appointments next week RELATED ARTICLESMORE FROM AUTHOR Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApplast_img read more

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first_imgHomepage BannerNews Three Towns in Donegal to become Gaeltacht Service Areas Joe McHughMinister of State for Gaeltacht Affairs, Joe McHugh has named Letterkenny, Dungloe and Donegal Town under the Gaeltacht Act 2012.The move means that the three towns will act as Gaeltacht service areas for the county, providing visitors with information about irish speaking areas in Donegal.Minister McHugh says the plan will encourage the use and interest of the Irish language in Donegal:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/12/joemch1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Facebook Man arrested on suspicion of drugs and criminal property offences in Derry Google+ Pinterest WhatsApp WhatsApp RELATED ARTICLESMORE FROM AUTHOR Facebook Twittercenter_img Main Evening News, Sport and Obituaries Tuesday May 25th Twitter Previous articleCampbell Warns to Examine Independent Cllrs Policies before VotingNext articleFormer Bank Manager who Admitted Fraud Receives Suspended Sentence News Highland 75 positive cases of Covid confirmed in North By News Highland – December 20, 2014 365 additional cases of Covid-19 in Republic Pinterest Google+ Further drop in people receiving PUP in Donegal Gardai continue to investigate Kilmacrennan firelast_img read more

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first_imgNews The impact of the recession on people with disability is being discussed at a workshop in the Ramada Encore hotel in Letterkenny this afternoon.Today is International Day of People with a Disability, and the campaign group People with Disabilities in Ireland is hosting the event, which all disabled people and their families are being urged to attend.Organiser Eddie Crawford says between the threat of cuts next week’s budget and the ongoing cutbacks in health and education services, people’s quality of life is being compromised. Mr Crawford is warning that will not be tolerated, and the days when disabled people sat quietly in the corner are gone. Twitter Man arrested on suspicion of drugs and criminal property offences in Derry By News Highland – December 3, 2009 Facebook People with disabilities to outline impact of recession Pinterest 75 positive cases of Covid confirmed in North WhatsApp Twitter Google+center_img WhatsApp 365 additional cases of Covid-19 in Republic Facebook Further drop in people receiving PUP in Donegal RELATED ARTICLESMORE FROM AUTHOR Previous articleCoughlan’s Swiss expenses in the spotlightNext articleDoherty calls for retention of CDPs News Highland Main Evening News, Sport and Obituaries Tuesday May 25th Pinterest Gardai continue to investigate Kilmacrennan fire Google+last_img read more

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