Fed Economists to Lead Public Discussion in Flint, Michigan, on January 22

first_img in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago January 19, 2015 911 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: HARP Modifications Dwindle; Overall Refi Activity Way Down Next: DS News Webcast: Tuesday 1/20/2015 Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Federal Reserve Bank of Chicago Federal Reserve Economists Flint Michigan Federal Reserve About Author: Brian Honea Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Two economists from the Detroit branch of the Federal Reserve Bank of Chicago will lead an economic forecast discussion on Thursday, January 22, in Flint, Michigan, according to an announcement from Baker College of Flint Center for Business.Senior economist Paul Traub and business economist Martin Lavelle, both of the Detroit branch of Chicago’s Fed Bank, will lead the discussion, which will take place from 6 to 8 p.m. at Baker College in Flint on Thursday. Expected discussion topics will be slow wage growth and employment at both the state and national levels. Attendance for the event is free.The U.S. Bureau of Labor Statistics reported earlier this month that the nation’s unemployment rate had fallen to 5.6 percent, its lowest level in six and a half years. According to BLS, Michigan’s unemployment rate as of November 2014 was 6.7 percent, a full percentage point higher than the national average, but the rate in Michigan did experience a decline of 0.4 percentage points from October to November and by 1.8 percentage points from November 2013 to November 2o14.In November 2014, according to BLS, Michigan gained 39,300 jobs from the previous November and 11,100 jobs from October 2014. According to the latest national data from BLS, job gains totaled 252,000 nationwide in December as the number of unemployed persons declined by 383,000.While the unemployment rate has been on the way down, wages to not appear to be on the way up. In a report released on January 16, the Bureau said that real hourly wages expanded nationwide by just 0.1 percent from November to December in 2014 and by 1.0 percent from December 2013 to December 2014.A mid-January consumer confidence reading by University of Michigan/Thomson Reuters showed that confidence was at its highest level in more than a decade, brought on by improved economic conditions – in particular, lower gas prices.  Print This Postcenter_img Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fed Economists to Lead Public Discussion in Flint, Michigan, on January 22 The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Home / Daily Dose / Fed Economists to Lead Public Discussion in Flint, Michigan, on January 22 Federal Reserve Bank of Chicago Federal Reserve Economists Flint Michigan Federal Reserve 2015-01-19 Brian Honea Subscribe Demand Propels Home Prices Upward 2 days agolast_img read more

Foreclosures and the Year Ahead

first_img Distressed Home Sales Foreclosure Housing News Report REO 2017-02-28 Staff Writer 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 Daren Blomquist, SVP of ATTOM Data Solutions, recently wrote in Housing News Report, ATTOM’s monthly newsletter of industry news, on the distressed property crisis in areas of the country most affected by foreclosure. Citing the ATTOM Solutions 2016 Year-End Foreclosure Market Report, Blomquist noted that New York properties foreclosed in Q4 2016 have taken an average of 3.5 years to process, and that 31,838 loans actively in foreclosure originated between 2004 and 2008.Six total New York counties were in the list of top 20 counties with the biggest backlogs of loans from this era. Blomquist spoke to Luana Malavolta, a real estate broker with Exit Reality Search in Bronx, New York, which ranks at number 18 on the list.“There is less and less inventory coming on the market that is purchasable for mortgage products,” said Malavolta. “I feel it is because the financial institutions do not move fast enough on foreclosures and short sales, letting the properties stay in distress much longer. The longer the property is in distress, the less marketable it is for first time homebuyers utilizing mortgage products.”Cash buyers are 41 percent of the distressed market, due to the mortgage product users being pushed out. Malavolta mentions these “predatory” cash buyers: “The cash buyer purchases [the property] and barely cleans it and puts it back on the market at a tremendous markup,” Malavolta continued. “Because inventory is so low you have fewer people buying, but at higher prices.”Looking at ATTOM Data Solutions Year-End 2016 Home Sales Report, Blomquist mentions that in 2016, all-cash buyers made up 41 percent of residential property purchases in New York, well above the national average of 28 percent, and 15.9 percent of all residential property sales were bank-owned, foreclosure auction, or short sales.Though New York continues to struggle, foreclosures nationally are at a 10-year low. With ATTOM data, Blomquist notes the decrease in foreclosure starts on a year-over-year basis in New Jersey, which had the highest state foreclosure rate in 2016. In addition, New Jersey has the highest property tax rate. According to Rob Lyszczarz, President of RE/MAX Properties Unlimited, high property taxes are making it difficult to liquidate distressed properties and will hinder New Jersey’s home price recovery. Additionally, New Jersey is experiencing some of the slowest appreciation rates in the country, with the media price of $270,000 for a single-family home remaining unchanged between 2015 and 2016.In New Jersey and elsewhere, long stalled foreclosures are finally starting to be pushed through. Ed Kirn, a foreclosure attorney with Powers Kirn Law Firm, believes that “…it will be the beginning of a recovery period for our housing market. …Urban blight is going to decrease. Zombie properties are going to decrease … it’s better for everybody.”Read the full article in Housing News Report by Daren Blomquist here. In addition, read Ten-X CMO Rick Sharga’s article on Ten-X’s online real estate marketplaces. Share Save Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 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 February 28, 2017 1,991 Views Foreclosures and the Year Ahead in Daily Dose, Featured, Foreclosure, News, REO Previous: What are the Top and Bottom CBSAs? Next: Illinois Appellate Court Holds that the Statute of Limitations for TILA Counterclaims to Debt Collection Actions is not Indefinite Tagged with: Distressed Home Sales Foreclosure Housing News Report REO Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Foreclosures and the Year Ahead About Author: Staff Writer Subscribelast_img read more

Montgomery: Outgoing Cabinet Members, Political Appointees Deserve ‘Gratitude’

first_img Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Christina Hughes Babb Previous: GSE-Treasury Agreement Revisions and Implications Next: Housing Market Momentum to Carry Into 2021 Montgomery: Outgoing Cabinet Members, Political Appointees Deserve ‘Gratitude’ in Daily Dose, Featured, Government, News 2021-01-25 Christina Hughes Babb Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago January 25, 2021 666 Views Related Articles Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Montgomery: Outgoing Cabinet Members, Political Appointees Deserve ‘Gratitude’ Share Save Sign up for DS News Daily 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  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Political appointees who have driven important policy and program changes during the past months should be counted among the Americans—including front-line workers, first responders, military personnel, and others—who have worked tirelessly and put themselves at risk for the benefit of others during a national health crisis.They too deserve recognition, says outgoing Assistant Secretary of Housing and Urban Development Brian Montgomery via an op-ed in Government Executive magazine, which he penned just prior to exiting his post on January 20.”As our government has responded to the crisis, a smaller subset of people have worked tirelessly behind the scenes … A number of these individuals will soon lose their jobs with the change in presidential administrations, and I believe it fitting and proper they receive some recognition,” Montgomery wrote. “I’m speaking of my fellow Cabinet and independent agency political appointees who worked alongside tens of thousands of talented and dedicated career staff who similarly deserve our gratitude.”Montgomery acknowledges partisan struggles that might have made their jobs even more difficult.”Some have been ridiculed and even threatened for simply being appointed by President Trump. Yet through it all remained on the job—steadfast and resolute in their duty–most working every day from their headquarters or field offices, not remotely or from home, and all dedicated to making our government of, by, and for the people function, for all the right reasons,” he noted.The Health and Human Services Department, for example, worked overtime to push out $178 billion in CARES Act Provider Relief Funds to hospitals and other health care providers on the front lines of the COVID-19 effort, he pointed out.The Small Business Administration and Treasury staffers worked to deploy the Paycheck Protection Program and are working overtime to deploy round two.HUD, he notes, worked countless days to help the more than 1 million Federal Housing Administration households who requested mortgage forbearance or needed a foreclosure moratorium to remain in their homes. More HUD personnel helped to ensure property owners and HUD-subsidized households had needed funding and information … still others helped deliver $9 billion in grants to suffering cities, states, and tribal nations.”Examples of their professionalism and hard work abound and resist any partisan label,” Montgomery noted.He goes on to address incoming political appointees at various domestic-policy agencies.”You will soon have time to dig in, work with dedicated career professionals, and begin to address many of the same issues we have been facing for months. You will have an opportunity to examine first-hand why the previous team did what they did,” he wrote. “I am hopeful that when you do, you will understand the magnitude of the effort put forth, of the workload that grew exponentially during the pandemic, and of the tools employed to do our duty effectively and efficiently.”He calls on members of both the outgoing and incoming administrations to “recognize and appreciate what it means to serve the public, regardless of party affiliation.””While our policy differences remain,” he concluded, “I wish our new team of public servants the best and hope we can tip our hats to those who are on the way out.” The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more

Deputy Doherty supports Dublin Fianna Fail Councillors challenge to household charge

first_img Guidelines for reopening of hospitality sector published Deputy Doherty supports Dublin Fianna Fail Councillors challenge to household charge A Fianna Fáil Councillor has won the right to legally challenge the Household charge, because it’s not published in Irish.The High Court granted the right to Dublin City Councillor Thomas Brabazon, who is a full-time Irish speaker.It will come before the High Court again in two weeks time.Donegal South West Deputy Pearse Doherty, has backed the legal challenge……….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/03/pear1pm.mp3[/podcast] Facebook Three factors driving Donegal housing market – Robinson Facebook Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton News Google+ Calls for maternity restrictions to be lifted at LUH NPHET ‘positive’ on easing restrictions – Donnelly center_img Previous articleStrabane man charged over paramilitary style shooting to appear in court todayNext articleMayor refutes Fianna Fail claims and defends his record News Highland Google+ WhatsApp RELATED ARTICLESMORE FROM AUTHOR WhatsApp Twitter Pinterest By News Highland – March 15, 2012 Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

Up to 200 new jobs confirmed for Letterkenny

first_img RELATED ARTICLESMORE FROM AUTHOR Facebook Guidelines for reopening of hospitality sector published Calls for maternity restrictions to be lifted at LUH Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Up to 200 new jobs confirmed for Letterkenny Three factors driving Donegal housing market – Robinson The US health insurer UnitedHealth Group is to expand its operation in Letterkenny with the creation of 200 new jobs.The announcement, made this morning, is supported by the Irish Government with the aid of IDA.The Minneapolis-based health insurer currently employs 340 people in IT and medical claims processing at its Letterkenny site.Managing Director of UnitedHealth, Pádraig Monaghan says today’s announcement is a testimony to the quality of staff already employed by the company:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/07/JOBSpadm1p1.mp3[/podcast]Joe McHugh heads up the IDA in Donegal – he says foreign companies are performing very will in County Donegal:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/07/JOBSmchug1pm.mp3[/podcast]Tanaiste Mary Couglan attended today’s launch – the Minister for Education says improved infrastructure and access to the northwest is key to announcements like today’s:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/07/JOBSmary1pm.mp3[/podcast] LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter WhatsAppcenter_img NPHET ‘positive’ on easing restrictions – Donnelly Pinterest By News Highland – July 15, 2010 Twitter Previous articleSwitzerland motorcycle crash victim namedNext articlePriest warns of fragility of life as funerals continue in Inishowen News Highland WhatsApp Google+ Google+ Pinterest Newsx Advertslast_img read more

O’Domhnaill to raise more NAMA concerns in Seanad

first_img By News Highland – December 17, 2012 Almost 10,000 appointments cancelled in Saolta Hospital Group this week Google+ Three factors driving Donegal housing market – Robinson Pinterest News RELATED ARTICLESMORE FROM AUTHOR Guidelines for reopening of hospitality sector published Donegal Senator Brian O’Domhnaill has said he will have more to say about NAMA in the Seanad tomorrow.It’s after the agency wrote to him asking him to either substantiate or withdraw comments he made in the house last Wedneday.Senator O’Domhnaill accused Nama of acting disgracefully, and said it is time it was fully investigated. Previous article44-year-old Derry man jailed for 13 years for PSNI station bomb attemptNext articleFewer people calling the fire service – 2013 costs revealed News Highland LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest He called on Finance Minister Michael Noonan to come into the Seanad and address mounting concerns about the levels of transparency at Nama.Senator O’Domhnaill claimed two former senior officials that were involved in HSBC, a bank which violated anti-money laundering rules in the US are now employed by Nama.However, in its letter to Senator O’Domhnaill, Nama says this is “totally incorrect”. The letter also rejects claims that a former official now works for a company he had dealings with while employed by the agency.At the weekend, Mr O Domhnaill told the Sunday Independent he rejects what he termed Nama’s “aggressive” letter and likened it to an attempted gagging order.He not only would he be ignoring the demands to substantiate or withdraw, he would be “going on the attack” when the Seanad resumes tomorrow. Twitter Google+ WhatsApp Facebook Facebook Twitter Calls for maternity restrictions to be lifted at LUH WhatsApp O’Domhnaill to raise more NAMA concerns in Seanad Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

Donegal TD and Senator raise concerns over education of children with Down Syndrome

first_img Facebook Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Google+ WhatsApp News Previous articleGweebarra fishing row back before the courtsNext articleAllstate Northern Ireland Managing Director not ruling out expanding premises at new Strabane Business Park News Highland A Donegal Deputy and Senator have spoken in the houses of the Oireachtas on the issue of resource hours for children with Down Syndrome.40% of children with Down Syndrome in the main stream school system are not allocated resource hours to assist in their education because Down Syndrome is not listed as a ‘complex low instance disorder’ by the education department.82 of those children are in County Donegal.The  issue is currently being reviewed by the National Council for Special Education with a report due later this week.Deputy Pearse Doherty spoke on the matter in the Dail while Senator Brian O’Domhnaill raised the issue in the Seanad:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/05/downsam.mp3[/podcast]Senator O’Domhnaill was told in the Seanad by the Junior Education Minister Ciaran Cannon that the matter is under review by the NCSE and any recommendations will be acted on:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/05/respam.mp3[/podcast] Facebook Pinterest Google+ Three factors driving Donegal housing market – Robinson Donegal TD and Senator raise concerns over education of children with Down Syndromecenter_img Guidelines for reopening of hospitality sector published Pinterest Twitter By News Highland – May 15, 2013 WhatsApp Calls for maternity restrictions to be lifted at LUH Twitter 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 RELATED ARTICLESMORE FROM AUTHORlast_img read more

Update on Bundoran Treatment Plant

first_img Calls for maternity restrictions to be lifted at LUH Facebook Google+ Facebook WhatsApp GAA decision not sitting well with Donegal – Mick McGrath Pinterest Nine Til Noon Show – Listen back to Wednesday’s Programme Update on Bundoran Treatment Plant LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton RELATED ARTICLESMORE FROM AUTHOR Previous article‘Best Hidden Gem’ award for Letterkenny Golf ClubNext articleMary Cullen to run Finn Valley St Stephen’s Day 5k admin center_img Pinterest By admin – December 9, 2015 Twitter WhatsApp Three factors driving Donegal housing market – Robinson Google+ Twitter Homepage BannerNews Guidelines for reopening of hospitality sector published National Utility approach by Irish Water has allowed for temporary emergency water supply from neighbouring counties including County Fermanagh through co-operation with Northern Ireland Water.Irish Water and Donegal County Council continue to implement their major incident plan following the major flooding of the Bundoran Water Treatment Plant which still remains non-operational. Irish water would like to assure all customers that the situation at the treatment plant is under constant review considering the current weather conditions where further intense rainfall is expected over the next number of days.Irish Water can confirm that the flood waters at the Bundoran Water Treatment Plant have been pumped off site and that the temporary flood defence wall has been reinforced. Further to these works a clean-up operation is currently underway to facilitate an assessment by engineering staff on the condition of key process treatment plant and equipment affected by flood waters.Operational changes to the network have been undertaken as part of this major incident plan to keep customers in supply where possible. These temporary changes are under constant review to maintain normal standards of service to the vast majority of customers who are normally served from the Bundoran Water Treatment Plant. However, customers in the following areas may experience intermittent/no-supply during peak periods of demand;last_img read more

Former Anglo Chief appears in court on 16 fraud charges

first_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Three factors driving Donegal housing market – Robinson Google+ Facebook RELATED ARTICLESMORE FROM AUTHOR Guidelines for reopening of hospitality sector published Almost 10,000 appointments cancelled in Saolta Hospital Group this week News The former chairman of Anglo Irish Bank, Sean Fitzpatrick has appeared in court following his arrest at Dublin airport this morning.The 64 year old of Whitshed Road, Greystones, Co. Wicklow has been charged with 16 offences as part of an investigation into fraud at the bank.Dressed in chinos, loafers a navy jacket, blue shirt and pink tie a tanned Sean Fitzpatrick greeted the judge with a ‘good morning’ on entering the court.The 64 year was arrested by arrangement at Dublin Airport at 5.37 this morning having stepped off a flight from Atlanta.Sgt Brian Mahon of the Garda fraud bureau said he was conveyed to the Bridewell and replied ‘no comment’ when charged just after 8am with 16 offences under company law.It’s alleged that in 2008 he provided unlawful financial assistance to members of the Quinn family and the so called Maple Ten of Irish investors to enable them to buy shares in Anglo.2 former Anglo directors were charged with the same offences yesterday.Sean Fitzpatrick has been granted bail on condition he stays at his address, signs on weekly at Irishtown Garda Station and gives gardai 48 hours notice if he plans to leave the jurisdiction.He’s to appear in court again on October 8th. Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey WhatsApp Previous articleOlympics – Chloe Excited Ahead Of Her Second GamesNext articleDonegal Deputy Pearse Doherty welcomes Anglo arrests News Highland center_img Former Anglo Chief appears in court on 16 fraud charges Facebook Pinterest Google+ WhatsApp Calls for maternity restrictions to be lifted at LUH Twitter Pinterest By News Highland – July 24, 2012 Twitterlast_img read more

Road projects set to be scrapped

first_img Plans to progress some of the Country’s major roads projects look set to be axed.According to reports this morning, forty major road and rail projects are being suspended. The scrapped roads include most outstanding road projects in Donegal, with the exception of the A5 tie in element of the Letterkenny to Lifford Road.The list, published in this morning’s Irish Independent, does say the Atlantic Corridor linking Letterkenny and Waterford, but doesn’t specify where along the route the works will take place.Plans for nine new motorway rest areas have also been shelved. Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey By News Highland – July 6, 2010 LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector published Pinterest Pinterest Google+ Road projects set to be scrapped Twittercenter_img RELATED ARTICLESMORE FROM AUTHOR Twitter Previous articleMan handed suspended sentance for sexual assault on 12 year oldNext articleCross border radiotherapy unit still on track News Highland WhatsApp Facebook Newsx Adverts Facebook Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more