Mortgage Interest on the Decline for Second Straight Month

first_img May 30, 2017 1,400 Views  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Federal Housing Finance Agency (FHFA) has conducted its monthly interest rate survey for 4,437 loans closed during the last five business days in April across 17 lenders, and has reported a decline by over 10 basis points across in all mortgage interest rates. Interest rates have been falling since February 2017.The largest drop in interest rates from March to April was to 30-year fixed rates for homes costing less than $424,100, which fell 20 basis points from 4.24 percent to 4.04 percent. Factoring in other types of mortgages other than a 30-year fixed, the average interest rate on all mortgages showed the smallest drop, down 14 basis to 3.98 percent from a previous 4.12 percent.The National Average Contract Mortgage Rate for Previously Occupied Homes Index, which calculates interest rates on homes with at least one previous owner, dropped to 3.97 percent from 4.12 percent (15 basis points), and is currently the lowest interest rate reported by the institutions surveyed. Similarly, the average effective interest rate on all loans also declined 15 basis points from 4.25 percent to 4.10 percent, which is good news for homeowners but less fortunate for lenders.In keeping with April’s trend, the average loan amount also fell slightly from $312,700 to $311,600, a nominal difference of $1,100 in comparison to March’s $11,100 mean increase.It’s worth noting that all reports, with the exception of the specified 30-year fixed, can include 15-year mortgages and adjustable-rate mortgages. The survey, however, does not include mortgages that were refinanced from another mortgage or balloon mortgages. Nor does it include mortgages that are insured or guaranteed by the Federal Housing Administration or the United States Department of Veteran Affairs, multi-family loans, or loans on mobile homes.While the FHFA does not name the 17 lenders surveyed for the report specifically, it does specify that they include an array of commercial banks, mortgage companies, savings associations, and mutual savings banks.May’s index values will be released on Thursday, June 29. You can find previous months’ index reports here. Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 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 Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Appraisal Software Now a New Mobile Application Next: Carson: The Right Mindset Can Overcome Mortgage Interest on the Decline for Second Straight Month The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Mortgage Interest on the Decline for Second Straight Month in Daily Dose, Featured, Government, News Subscribe Demand Propels Home Prices Upward 2 days ago Tagged with: FHFA Mortgage Interest Rates Share Save FHFA Mortgage Interest Rates 2017-05-30 Staff Writer About Author: Staff Writerlast_img read more

Rebuilding and Repaying After Storms

first_imgHome / Daily Dose / Rebuilding and Repaying After Storms Tagged with: Conventional Loans Delinquency FHA Foreclosure HOUSING hurricane florence MBA mortgage VA Sign up for DS News Daily in Daily Dose, Featured, Foreclosure, News Subscribe Conventional Loans Delinquency FHA Foreclosure HOUSING hurricane florence MBA mortgage VA 2018-11-09 Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Rebuilding and Repaying After Storms Previous: AHP Servicing Unveils New $50 Million Regulation A Offering Next: MCT Moves to Secure Sensitive Borrower Data 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Related Articles November 9, 2018 1,130 Views Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Recent natural disasters have pushed mortgage delinquencies up slightly, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The report states that the delinquency rate rose to a seasonally adjusted rate of 4.47 percent of all loans outstanding at the end of Q3 2018.“Despite the small uptick this quarter, the healthy economy is overall supporting low mortgage delinquencies and foreclosure inventories,” said Marina Walsh, VP of Industry Analysis at MBA. “Unemployment is at its lowest level since 1969, wages have grown 3.1 percent year-over-year—the biggest jump in almost a decade—and job growth is averaging over 212,000 jobs per month thus far.”Though delinquencies were up 11 basis point over the previous quarter, MBA notes that the rate is down 41 basis points year-over-year. The national uptick may be due in part to the significant increases in delinquency in states that were impacted by Hurricane Florence and Tropical Storm Gordon, such as North Carolina, South Carolina, Mississippi, Arkansas, and Alabama.These states all saw increases in non-seasonally-adjusted mortgage delinquency rates over the previous quarter by 50 basis points or more, with North Carolina increasing by 80 basis points.Walsh notes that Hurricane Michael made landfall after the survey reporting period, and its impact will not be reflected until at least the fourth quarter survey. Additionally, she notes it may take several more quarters for the impact of the more recent storms to fully dissipate.“The impact of the August and September 2017 hurricanes on several states, particularly Texas and Florida, continues to retreat,” said Walsh. “Primarily because of the declining effects of last fall’s hurricane-related spike, the overall mortgage delinquency rate in the third quarter was down 41 basis points on a year-over-year basis.”Across all loan types, delinquencies have dropped year-over-year, with conventional loans dropped by 41 basis points and FHA and VA delinquency rates dropped 44 basis points and 8 basis points, respectively.More information can be found here. Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Leadership Changes Announced at Ginnie Mae

first_imgHome / Daily Dose / Leadership Changes Announced at Ginnie Mae in Daily Dose, Featured, Government, Headlines, News Leadership Changes Announced at Ginnie Mae 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. Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Ginnie Mae 2019-05-16 Mike Albanese The Best Markets For Residential Property Investors 2 days ago Tagged with: Ginnie Mae 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 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Savecenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Appraisals in the Wake of Disaster Next: Revisiting California’s Camp Wildfire: The Long-Term Housing Impact  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago May 16, 2019 930 Views Adetokunbo LofinmakinGinnie Mae announced Adetokunbo Lofinmakin was appointed to the Senior Executive Service and named CFO and Thomas Young was named the new Director of Counterparty Risk Management. Lofinmakin was serving as the acting CFO since January 2018. She will continue to report to Acting President Maren Kasper and Young will report Greg Keith, SVP and Chief Risk Officer. “Both [Lofinmakin] and Greg bring deep expertise to Ginnie Mae in their respective fields,” Kasper said. “Each will serve in a role that is critical to maintaining the sound financial foundation of our mortgage-backed securities (MBS) program. As we continue to evolve to meet the challenges of today’s operating environment, we look forward to their leadership contributions to the agency.” Thomas YoungAs CFO, Lofinmakin oversees the preparation of financial reports in accordance with the standards of the Federal Accounting Standards Advisory Board (FASAB), Financial Accounting Standards Board (FASB), Generally Accepted Accounting Principles (GAAP), and Office of Management and Budget (OMB) Circulars. In addition, she manages all accounting operations for Ginnie Mae’s $2.0 trillion MBS portfolio, including applying financial management policies and procedures, preparation of the annual budget, accounting systems oversight, cash management, investment services, audit readiness, and enhancing internal controls over financial reporting.Lofinmakin joined Ginnie Mae in 2015 as Controller and was responsible for directing operational accounting transactions for the various aspects of Ginnie Mae in compliance with accounting policies and best practices. Young is responsible for the initiation of counterparty policy changes, approval of counterparties that enter into business relationships with Ginnie Mae, collaborative monitoring of counterparties, formulation of mitigants to counterparty risk presented, and for the development or enhancement of analytical or process tools to improve the effectiveness of counterparty risk management activities. With 24 years of experience with the Goldman Sachs Group, including as the Chief Risk Officer of the Goldman Sachs Bank USA, Young brings a wealth of risk management experience to his new role. Young has served in a variety of risk management positions throughout his career with Goldman Sachs, including Global Head of Credit in Goldman Sachs Group’s Investment Management Division, Head of Credit Risk Management in Asia, and Head of Global Hedge Fund Counterparty Risk. Mr. Young was made a Managing Director of Goldman Sachs in 2005. Related Articles About Author: Mike Albanese Subscribelast_img read more

Harkin calls for special measures to address drop in Donegal farmer payments

first_img Help sought in search for missing 27 year old in Letterkenny Twitter Google+ Guidelines for reopening of hospitality sector published Twitter Google+ Pinterest By News Highland – June 8, 2012 Pinterest WhatsApp Facebook 448 new cases of Covid 19 reported today center_img Harkin calls for special measures to address drop in Donegal farmer payments North West MEP Marian Harkin says special measures must be taken to address discrepancies between payments to farmers in Donegal compared to other areas of the country.Figures published by the Department of Agriculture show that since 2008, payments per farmer in Donegal has reduced by an average of €1,186 resulting in a total loss of €10.8 million to the county in that period.The figures show the average payment to farmers in Kilkenny was €21,373, while in Donegal, it was €9,847.She says the case for special measures for the more disadvantaged areas is very strong. Previous articleSoccer – Shay Takes Part In Full Irish Training SessionNext articlePSNI launches new initiative against paramilitary attacks News Highland WhatsApp Calls for maternity restrictions to be lifted at LUH Newsx Adverts NPHET ‘positive’ on easing restrictions – Donnelly RELATED ARTICLESMORE FROM AUTHOR Three factors driving Donegal housing market – Robinson Facebooklast_img read more

Altan named as “musicians in residence” at seven West Donegal secondary schools

first_img Twitter Guidelines for reopening of hospitality sector published By News Highland – February 18, 2010 Calls for maternity restrictions to be lifted at LUH Three factors driving Donegal housing market – Robinson Google+ Facebook WhatsApp Donegal’s Public Arts Office has announced a unique six month programme to promote traditional music among young people in West Donegal.Altan, who are celebrating their 25th Anniversary, have been appointed “musicians in residence” at second level schools in the Glenties Electoral Area from now until July.Altan will perform and talk to students at the secondary schools in Falcarragh, Gaoth Dohhair, Dungloe, Glenties, Ballinamore, Arainn Mhor and Tory. A series of master classes will then be held with selected students from each school, who will then join the band on stage during a special concert at the Earigail Arts Festival over the summer.Donegal’s Public Arts Officer Terre Duffy says it’s an exciting new departure. Twitter Facebook Google+center_img Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Altan named as “musicians in residence” at seven West Donegal secondary schools Newsx Adverts LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Previous articleDerry and Strabane continue to top NI unemployment tableNext article75 jobs to go at Donegal Meats News Highland RELATED ARTICLESMORE FROM AUTHOR Pinterest WhatsApp Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

Police in Derry investigating an assault incident appeal for information

first_img Nine Til Noon Show – Listen back to Wednesday’s Programme Facebook RELATED ARTICLESMORE FROM AUTHOR Police in Derry investigating an assault incident appeal for information Twitter Previous articleUpdate: victim of fatal road traffic crash in Donegal namedNext articleTwo fishermen rushed to Letterkenny General Hospital following incident at Killybegs pier News Highland Google+ Homepage BannerNews Pinterest Guidelines for reopening of hospitality sector published LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton GAA decision not sitting well with Donegal – Mick McGrath center_img Facebook Google+ WhatsApp By News Highland – August 24, 2015 Three factors driving Donegal housing market – Robinson Twitter Pinterest Calls for maternity restrictions to be lifted at LUH WhatsApp Police in Derry are appealing for information about an assault incident.In the early hours of Saturday, police were called to an incident at Derryview in the Old Strabane Road area.Detectives say a party had been taking place and at about 3am a man knocked on the door.When a woman opened it, he grabbed her and threatened her with a stick.He also assaulted several other people in the house and was, in turn, struck over the head.The man then left the house.Anyone who can assist in identifying him is asked to contact police.Information can be given on the police non-emergency number, 101, or by calling the Crimestoppers Charity anonymously on 0800 555 111.last_img read more

Donegal Council again seeks meeting with Transport Minister on A5

first_img Dail hears questions over design, funding and operation of Mica redress scheme Pinterest Donegal Council again seeks meeting with Transport Minister on A5 Dail to vote later on extending emergency Covid powers Donegal County Council is once again seeking a meeting with Taoiseach Enda Kenny and Transport Minister Leo Varadkar to discuss the A5, and specifically, the road between the Manorcunningham Roundabout and Lifford.Moving the motion, Cllr Ciaran Brogan said that recent comments by Minister Varadkar make him concerned that the government is rowing back on the commitment to part fund the new A5.He says it’s time that the government’s commitment was backed with action, and that should start with funding for the road between Letterkenny and the A5:[podcast]http://www.highlandradio.com/wp-content/uploads/2014/02/cbrog830A5.mp3[/podcast] Twitter Man arrested in Derry on suspicion of drugs and criminal property offences released By News Highland – February 25, 2014 Twitter Pinterest Facebook WhatsAppcenter_img News 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Previous articleDonegal County Council meeting adjourned again as Cllrs clashNext articleUnanimous support for Cllr McBrearty motion calling for Independent policing inquiry News Highland RELATED ARTICLESMORE FROM AUTHOR Need for issues with Mica redress scheme to be addressed raised in Seanad also Google+ Minister McConalogue says he is working to improve fishing quota Google+ Facebook WhatsApplast_img read more

Donegal Travel Agent in Mauritius holiday boycott

first_img Dail hears questions over design, funding and operation of Mica redress scheme News Twitter Facebook WhatsApp RELATED ARTICLESMORE FROM AUTHOR Donegal Travel Agent in Mauritius holiday boycott 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Google+ Twitter Facebook Man arrested in Derry on suspicion of drugs and criminal property offences released center_img Pinterest Google+ Previous articleHugh Green’s contribution to LGH recognised by Clinical Research AcademyNext articleSpeer’s Lane reopens as investigation continues into alleged rape News Highland HSE warns of ‘widespread cancellations’ of appointments next week Dail to vote later on extending emergency Covid powers A Donegal travel agents has stopped selling holidays to Mauritiusfollowing the murder of Michaela McAreavey.Liberty Travel says it has taken the decision due to ‘a problem withpolicing on the island’ and in solidarity with the McAreavey and Hartefamilies.Speaking on the Shaun Doherty Show, Carolyn Davis says that if anyone looks to book a holiday to Mauritius, they are sent to another travel agent:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/07/hols1pm.mp3[/podcast] Pinterest By News Highland – July 16, 2012 WhatsApp PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegallast_img read more

Another security alert in Derry

first_img Man arrested in Derry on suspicion of drugs and criminal property offences released Another security alert in Derry Twitter Google+ Facebook Google+ PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal For the second time in less than a week, Bishop Street in Derry is closed because of a bomb alert. This morning, a motorist reported a suspect device to a carpark attendant, who alerted the police. It’s the same car park in which a viable 50kg bomb was found on Sunday evening last.Police have cordoned off an area Bishop’s Gate and Society Street, as well as a section of the city walls.A number of buildings, including the courthouse, have been evacuated, with all court proceedings have been suspended until Monday. WhatsApp Dail hears questions over design, funding and operation of Mica redress scheme RELATED ARTICLESMORE FROM AUTHOR Dail to vote later on extending emergency Covid powers center_img Pinterest Pinterest News Twitter HSE warns of ‘widespread cancellations’ of appointments next week Previous articleOld Letterkenny Garda Station number no longer validNext articleThose responsible for security alert are anti-Derry says Foyle MP News Highland WhatsApp By News Highland – April 1, 2011 Facebook Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more

LEADER projects should start kicking in by the early autumn – Mc Hugh

first_img Previous articleGAA President Aogán Ó Fearghaill pays tribute to Séamus Mac ÉidighNext articleDeclan Boyle on an important few weeks for Finn Harps admin LEADER projects should start kicking in by the early autumn – Mc Hugh Facebook PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Pinterest Facebook Google+ WhatsApp 365 additional cases of Covid-19 in Republic Man arrested in Derry on suspicion of drugs and criminal property offences released WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derry center_img Pinterest Dail to vote later on extending emergency Covid powers By admin – July 8, 2016 RELATED ARTICLESMORE FROM AUTHOR Twitter Homepage BannerNews HSE warns of ‘widespread cancellations’ of appointments next week Google+ Twitter The first batch of Funding Agreements under the LEADER Programme have been signed today, with local funding expected to begin kicking in in the early autumn.Donegal will just over €12.9 million funding as part of the Rural Development Programme package.Diaspora Minister Joe Mc Hugh acknowledges that the figure is down, but he expects extra money to become available, and says the local LEADER companies are well equipped to avail of any extra resources which become available……….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/07/joeleader1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.last_img read more