September 19, 2021

JPMorgan Earnings Report Mixed

first_imgHome / Daily Dose / JPMorgan Earnings Report Mixed  Print This Post in Daily Dose, Featured, Headlines, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Earnings Preview: Major Banks give Insight into Economic Health Next: Yellen Delivers Policy Report to Senate Committee Related Articles JPMorgan mortgage Quarterly Earnings 2014-07-15 Tory Barringer Share Save Servicers Navigate the Post-Pandemic World 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily center_img Demand Propels Home Prices Upward 2 days ago Tagged with: JPMorgan mortgage Quarterly Earnings Data Provider Black Knight to Acquire Top of Mind 2 days ago Second-quarter profits at JPMorgan Chase dipped nearly 8 percent year-over-year as the bank continued to work with a diminished mortgage market.JPMorgan’s latest earnings report, released Tuesday, shows the megabank earned $6.0 billion in profits over the latest three months, putting its performance somewhere between the $5.3 billion reported in the first quarter and $6.5 billion a year ago.Revenues were down 2 percent compared to the year-ago period, coming in at $25.3 billion.Despite the year’s setbacks so far—particularly in the bank’s mortgage segment—chairman and CEO Jamie Dimon said “the firm has continued to deliver strong underlying performance.”JPMorgan’s mortgage originations last quarter were $16.8 billion, down two-thirds from last year and 1 percent from the first quarter.Meanwhile, application volumes were $30.1 billion, down more than half from a year ago but up 15 percent from Q1.While housing activity in the first quarter was lackluster, analysts had expected the market to pick back up for a busier spring season. Sales and construction have indeed recovered to a livelier pace, but origination levels remain anemic. In a recent analysis, investment firm FBR Capital Markets maintained its prediction that year-end originations will total below $1 trillion.Overall, JPMorgan reported mortgage banking net income of $709 million, a decline of $433 million compared to a year before as the bank experience lower net revenue and a lower benefit from its credit loss provision.Still, Dimon remained optimistic in his comments.”Toward the end of the second quarter, we saw encouraging signs across our businesses including an uptick in wholesale utilization, strengthening pipelines in our commercial and business banking segments, and some improvements in markets activity,” he said. “While it is too early to assume that this momentum will continue, we have confidence in the long-term growth of the economy.” Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago July 15, 2014 1,293 Views JPMorgan Earnings Report Mixed Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Posted in ohduqveiTagged ,,,,,,,,,,,,,,Leave a Comment on JPMorgan Earnings Report Mixed

Congressman Pittenger Says Excessive Regulation Slows Economic Growth, Hurts Entrepreneurs

first_imgHome / Daily Dose / Congressman Pittenger Says Excessive Regulation Slows Economic Growth, Hurts Entrepreneurs The Best Markets For Residential Property Investors 2 days ago Previous: REO Share Still Way Above ‘Normal’ Levels in Many Metros Next: DS News Webcast: Tuesday 5/26/2015 The Best Markets For Residential Property Investors 2 days ago Share Save 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. Community Banks Congressman Robert Pittenger Consumer Financial Protection Bureau Regulatory Relief 2015-05-22 Brian Honea Subscribe in Daily Dose, Featured, Government, News  Print This Post Sign up for DS News Daily Republican politicians have made a greater push in the last few months to ease the regulatory burden on smaller banks, and one of the central figures in favor of relief from regulation has been U.S. Congressman Robert Pittenger (R-North Carolina).Pittenger, a member of the House Financial Services Committee, said in an interview co-authored the Bureau of Consumer Financial Protection Advisory Boards Act (H.R. 1195), which passed in the House last month largely along party lines (235 to 183) and is awaiting a vote in the Senate. Pittenger has been a vocal critic of the Consumer Financial Protection Bureau (CFPB); in February 2014, Pittenger called for more transparency and accountability from the CFPB as he denounced the “tsunami of regulations” coming from Washington, D.C.Earlier this week, in an interview with the Charlotte Observer in his home district, Pittenger said that the pendulum has swung too far in the other direction and that the regulations intended to protect consumers are now having the opposite effect. It is the entrepreneur who gets hurt by the excessive regulations, he said, because the cost of compliance on the smaller banks who tend to make the loans to start-up businesses forces those banks to restrict their lending. Pittenger cited as evidence of this the failure of hundreds of banks since the financial crisis and the merger of several others.Pittenger said he believes there are so many regulations in place that they could potentially cause another economic downturn, and he pointed to current slow economic growth (an annual 2.2 percent) as evidence that regulations are hurting the economy and preventing job growth.“The CFPB continues to issue new regulations designed for massive, ‘systemic-risk’ financial institutions without considering how those same rules harm small businesses, community banks, and credit unions,” Pittenger said last month after H.R. 1195 passed in the House. “Small businesses create jobs. Community banks and credit unions support local businesses. Most bureaucrats just support new rules. This bipartisan legislation will give small businesses, credit unions, and community banks a voice in proposed regulations, allowing for adjustments that protect consumers while giving small businesses the freedom to grow and create good paying jobs.”He has said he does not believe the CFPB should be eliminated altogether, just that it should be run by a five-member board instead of a single director and should be more accountable and transparent, and that it should enact fewer regulations.The White House has threatened to veto H.R. 1195 if it passes in the Senate. The bill would create a small business advisory board to advise the CFPB during the rule-making process, and it would make permanent two advisory boards for community banks that are currently comprised of volunteers and could be eliminated at any time by the Director of the CFPB. A last-minute amendment to the bill proposed by House Financial Services Committee Jeb Hensarling (R-Texas) calls for a reduction in the amount of money the CFPB director can request for funding by less than 1 percent, Pittenger said. Nevertheless, the late amendment to the bill drove its co-author, Denny Heck (D-Washington), to vote against it and encourage others to do the same. Heck claimed that Hensarling “put the torch” to his bill.Similar legislation is moving through the Senate; earlier this week, the Senate Banking Committee approved the Financial Regulatory Improvement Act of 2015 by a party line vote of 12 to 10. The bill is aimed at providing regulatory relief for community and regional banks and credit unions, and proposing “moderate” changes that would increase the transparency of the Federal Reserve.Pittenger told the Observer that he plans to introduce legislation later this year that would eliminate duplicative or inconsistent financial regulations. Related Articles May 22, 2015 951 Views center_img Demand Propels Home Prices Upward 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 Tagged with: Community Banks Congressman Robert Pittenger Consumer Financial Protection Bureau Regulatory Relief About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Congressman Pittenger Says Excessive Regulation Slows Economic Growth, Hurts Entrepreneurs Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Posted in scjetjalTagged ,,,,,,,,,,,,,,Leave a Comment on Congressman Pittenger Says Excessive Regulation Slows Economic Growth, Hurts Entrepreneurs

Fannie Mae’s Mortgage Portfolio Kicks Off 2016 With Rare Expansion

first_img Servicers Navigate the Post-Pandemic World 2 days ago 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. Subscribe Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Fannie Mae Gross Mortgage Portfolio Monthly Volume Summary 2016-03-01 Brian Honea Tagged with: Fannie Mae Gross Mortgage Portfolio Monthly Volume Summary Fannie Mae’s Mortgage Portfolio Kicks Off 2016 With Rare Expansion About Author: Brian Honea  Print This Post Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Fannie Mae’s Mortgage Portfolio Kicks Off 2016 With Rare Expansion The first monthly volume summary of 2016, Fannie Mae’s gross mortgage portfolio experienced a rare month of expansion, increasing at a compound annualized rate of 5 percent for January.The increase amounted to about $1.4 billion, raising the amount of unpaid principal balance (UPB) of loans in the portfolio up to approximately $346.5 billion. January’s increase ended nine consecutive months of contraction for the portfolio and followed a full year in which the portfolio contracted at a rate of 16.5 percent.January marked only the fourth month out of the last 66 since June 2010 for Fannie Mae’s gross mortgage portfolio (March 2015, January 2015, and December 2012 were the other three months). At the beginning of that stretch in June 2010, the amount of UPB of the loans in the portfolio was $818 billion. Despite having contracted in only four months in the last five and a half years, it has expanded for two consecutive Januarys.With January’s expansion, the value of UPB of the loans in the portfolio remained slightly higher than the 2016 cap, which is $339.4 billion.Fannie Mae’s total book of business, which includes the gross mortgage portfolio plus total Fannie Mae mortgage-backed securities and other guarantees minus Fannie Mae MBS in the portfolio, declined at a compound annualized rate of 0.9 percent in January down to a value of about $3.097 trillion. The book of business contracted in eight of 12 months in 2015 at a rate of 0.8 percent for the year, according to Fannie Mae.The serious delinquency rate on single-family loans backed by Fannie Mae held steady from December to January at 1.55 percent, which is consistent with the level reported in September 2008, the month during which Fannie Mae was taken into conservatorship by the FHFA.The number of loan modifications completed by Fannie Mae was nearly unchanged from December to January at 6,451 (compared to 6,599). The monthly average of loan modifications completed by Fannie Mae has been on the steady decline; for 2014, the monthly average was 10,235. For 2015, the monthly average declined to 7,851.Click here to view Fannie Mae’s entire January 2016 Monthly Volume Summary. Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 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 The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News, Secondary Market Previous: Castro Defends Proposed HUD Budget Increase for FY2017 Next: The Results are In: How Did the Presidential Candidates Fare on Super Tuesday? March 1, 2016 1,102 Views last_img read more

Posted in hiioqruqTagged ,,,,,,,,,,,,,,Leave a Comment on Fannie Mae’s Mortgage Portfolio Kicks Off 2016 With Rare Expansion

HUD Provides Snapshot of Housing Market Health

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe HUD Provides Snapshot of Housing Market Health Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago Share Save Related Articles Previous: Auction.com Welcomes New SVP of Auction Portfolio Operations Next: CoreLogic Appoints SVP of Government and Industry Relations Home / Daily Dose / HUD Provides Snapshot of Housing Market Health Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily  Print This Postcenter_img Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. About Author: Kendall Baer The U.S. Department of Housing and Urban Development’s (HUD) latest housing scorecard provides a snapshot of the recovery of our nation’s housing market during August, according to a recent report from the agency. HUD states that as they look back, the agency has witnessed notable progress among key indicators. These include a surge in new home sales, increasing home values, and a continued decline in foreclosure starts and completions. HUD states that although this scorecard notes that the housing market is on a healthy trajectory, they believe that the industry must still stay committed to helping American families and homeowners.HUD dives deeper into these indicators so further assess the health of the housing market first noting that July purchases of new homes surged to the fastest pace since October 2007. The report states that additionally, new single-family home sales rose 12.4 percent in July to 654,000 (SAAR) and were up 31.3 percent over a year earlier.The report also examines the indicator of increasing home values by noting that home prices were up again in June with annual house price changes remaining fairly stable in a 5- to 6-percent range. HUD cites that the Federal Housing Finance Agency (FHFA) seasonally adjusted purchase-only house price index for June estimated that home values rose 0.2 percent over the previous month and 5.6 percent over the previous year. This was a slight decrease from an annual gain of 5.7 percent in May. In addition, the report states that the FHFA index shows that U.S. home values are now 3.5 percent above their previous peak set in March 2007 and stand 30.8 percent above the low point reached in March 2011.The final key indicator that HUD explores is foreclosure starts and completions. The report notes that these rates continue to fall specifically citing how lenders started the public foreclosure process on 36,863 U.S. properties in July, and stating that this is a decrease of 5 percent from June and 19 percent from a year earlier. Likewise, HUD notes that newly initiated foreclosures have declined for the last four consecutive months and have been below the pre-crisis (2005 and 2006) monthly average of 52,280 since March 2015. The scorecard also shows that lenders completed the foreclosure process (bank repossessions or REOs) on 27,907 U.S. properties in July, which was a decrease of 8 percent from the previous month and 41 percent from a year ago. The report says that this is the fifth consecutive annual decline in foreclosure completions.The report also takes the time to mention that the Administration’s programs continue to help struggling homeowners with nearly 10.8 million mortgage modifications and other forms of mortgage assistance arrangements completed between April 2009 and the end of July 2016. The report states that additionally, nearly 2.7 million homeowner assistance actions have taken place through the Making Home Affordable Program. This includes more than 1.6 million permanent modifications through the Home Affordable Modification Program (HAMP), while the Federal Housing Administration (FHA) has offered nearly 3.3 million loss mitigation and early delinquency interventions through July. HUD states that they believe these Administration programs continue to encourage improved standards and processes in the industry, with lenders offering families and individuals nearly 4.8 million proprietary modifications through June.The report shares that while this reflects good news overall, they want to mention that the Administration remains committed to helping more Americans realize their dream of home ownership through an improving economy and new programs that will provide greater access to credit. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: FHFA Foreclosure Starts Home Prices HUD scorecard Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago FHFA Foreclosure Starts Home Prices HUD scorecard 2016-09-19 Kendall Baer September 19, 2016 1,566 Views last_img read more

Posted in iogzhkgqTagged ,,,,,,,,,,,,,,Leave a Comment on HUD Provides Snapshot of Housing Market Health

Senate Confirms Paul Compton as HUD General Counsel

first_img Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: David Wharton Tagged with: Department of Housing and Urban Development HUD hud general counsel paul compton Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 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] The Best Markets For Residential Property Investors 2 days ago Previous: Puerto Rico Is Heading for a Foreclosure Epidemic Next: Housing Confidence High as 2017 Winds Down On Monday evening, the United States Senate confirmed J. Paul Compton, Jr. to serve as General Counsel of the U.S. Department of Housing and Urban Development (HUD). HUD Secretary Ben Carson said that Compton’s confirmation comes at a critical time as the Department continues to deal with the aftermath of Hurricanes Harvey, Irma, and Maria, as well as other natural disasters such as the California wildfires.Secretary Carson said, “Paul’s extensive background in real estate and housing finance will be a tremendous asset to this Department as we continue to support our nation’s housing markets and our state and local partners recovering from recent disasters. I look forward to adding Paul’s expertise to our highly experienced senior team.”Paul Compton has extensive legal expertise in the areas of multifamily affordable housing finance, tax credit transactions, and residential mortgage securitization. According to the press release, Compton is “a former partner of the Birmingham-based law firm of Bradley Arant Boult Cummings, LLP, Compton is listed by Chambers USA as one of America’s leading business lawyers on issues related to banking, finance and regulatory matters.” Compton served as a legal advisor to the Alabama Affordable Housing Association (AAHA), “a trade organization for developers, property managers, lenders, investors and service providers for affordable housing.” Share Save December 19, 2017 3,804 Views Department of Housing and Urban Development HUD hud general counsel paul compton 2017-12-19 David Wharton Related Articles in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Senate Confirms Paul Compton as HUD General Counsel Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Senate Confirms Paul Compton as HUD General Counsel Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days agolast_img read more

Posted in ynizilcnTagged ,,,,,,,,,,,,,,Leave a Comment on Senate Confirms Paul Compton as HUD General Counsel

5 Reasons for Housing Concerns in Florida

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 5 Reasons for Housing Concerns in Florida Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / 5 Reasons for Housing Concerns in Florida Tagged with: Affordability Amy Martinez Florida Florida Trend HOUSING median home values Sign up for DS News Daily Previous: Why CWCOT Is Good for Homeowners Next: Best Places to Retire?  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles in Daily Dose, Featured, Market Studies, Media, News, Servicing Share Save The Best Markets For Residential Property Investors 2 days ago About Author: Donna Joseph Demand Propels Home Prices Upward 2 days ago Affordability Amy Martinez Florida Florida Trend HOUSING median home values 2018-11-26 Donna Joseph The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago November 26, 2018 5,425 Views Floridians are spending more than the recommended 30 percent of their income on housing. In South Florida and Orlando, housing affordability for low- and moderate-income workers is a bigger issue than ever, writes Amy Martinez, Associate Editor at Florida Trend. According to the report, the top reasons for the shortage of workforce housing, an issue faced by several communities in Florida, are as follows:Increasing PopulationWith the state adding about 335,000 people every year, the rate at which the population of Florida has grown resulted in a higher demand for housing of all types. The population is expected to grow further at 6.5 percent to 21.5 million in 2020.Rising Interest RatesRising interest rates have further increased the monthly costs of purchasing a home. Low- and moderate-income workers are especially affected by the rise in interests and remain cost-burdened. According to the Florida Policy Institute, 36 percent of Florida households are paying more than 30 percent of their incomes for housing, including mortgage or rent, utilities, taxes, insurance, and neighborhood or condo association fees. Nearly 20 percent of Floridians are spending more than half of their incomes on housing.Surging Median Home ValuesMedian home values are far outpacing the rent rates due to the increased demand from new residents. This upward trend has a far-reaching impact on affordability for low-wage workers, making it difficult for them to own a home and driving demand for affordable rental housing.Only 31 affordable rental units are available for every 100 renters who make less than 30% of the median income in their area, the report indicated. Declining lower-cost housing UnitsRestrictions on local land-use and impact fees have led to an increase in construction costs,  preventing the development of smaller, lower-cost housing units, such as apartments, mobile homes, and mother-in-law suites.The sample Fair Market Rent for a modest two-bedroom apartment is $1,351 in Miami, $1,387 in  Fort Lauderdale and $1,422 in West Palm Beach, the report stated. Top Five Most-Expensive Areas in Florida Based on Hourly Wage (needed to afford an average two-bedroom apartment)Monroe County – $29.12 West Palm Beach -$27.35 Fort Lauderdale p-$26.67 Miami – $25.98 Naples -$23.46 Read the full report here. Subscribelast_img read more

Posted in yojuojfzTagged ,,,,,,,,,,,,,,Leave a Comment on 5 Reasons for Housing Concerns in Florida

Real Estate Investment Trusts: Safe Bet in a Recession?

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Housing is needed no matter the economic conditions, making residential real estate a relatively safe real estate investment trusts (REIT) a safe investment, NuWire Investor notes. Real estate overall is largely safe in a recession compared to other investments.“Real estate is protected from volatility by factors like location, scarcity, and plot size,” NuWire states. “But unlike tangible property, which is expensive to buy and tough to sell, REITs can be traded on many investing apps. Because they come in single shares, even low-budget investors can diversify their REIT holdings.”The risk, NuWire notes, is that residential REITs are “notoriously local,” leading many investors to add investments outside the U.S., keeping their portfolio safe in the event of a large-scale national downturn.REITs can be reliable and well-managed stocks, according to Forbes Real Estate Investor editor Brad Thomas, and interest in these stocks are growing rapidly. In a piece on Forbes, Thomas discussed the benefits of the REIT, noting the larger dividends, despite how slow REIT investments tend to be.“That last quality gives investors their choice between keeping that additional income or reinvesting the money back into their positions,” Thomas said.“Those are the good sides to real estate investment trusts. The downside, you could say, is that they’re not exactly going to make you rich overnight.”Shopping for the right REIT takes time, and buying them takes faith, according to Thomas, but the returns can be high. Real-estate investment trusts that buy residential home loans increased their mortgage-bond portfolios by almost 28% to $308 billion over the 12 months through March, according to The Wall Street Journal’s Ben Eisen.Though these firms are small compared to the mortgage market as a whole, Eisen notes that some analysts express concern that they are putting more of the mortgage market into the hands of leveraged firms with minimal oversight, noting that some risky REITs went bust during the last financial crisis. However, some suggest that REITs make up an optimal backbone for the mortgage market, leveraging less risk than before the financial crisis and able to quickly raise and deploy money when they see an opportunity.“If you want to have more private capital in the market, you need to manage the risks,” Calvin Schnure, SVP for Research and Economic Analysis at Nareit, told the Journal. “Mortgage REITs hedge all of those risks.” The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Investment real estate Recession REIT 2019-12-02 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Real Estate Investment Trusts: Safe Bet in a Recession? 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. About Author: Seth Welborn Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago December 2, 2019 2,397 Views Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Investment, News, Secondary Market Share Save Tagged with: Investment real estate Recession REIT Subscribe Sign up for DS News Daily Home / Daily Dose / Real Estate Investment Trusts: Safe Bet in a Recession? Previous: Better Predicting Mortgage Default Next: Fighting Fraud in Default Servicing Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Posted in taekwnzmTagged ,,,,,,,,,,,,,,Leave a Comment on Real Estate Investment Trusts: Safe Bet in a Recession?

South Beach Blues: Miami’s Delinquency Rate Nears 6%

first_imgSign 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 in Daily Dose, Featured, Market Studies, News Delinquency Rate Foreclosures mortgage 2020-02-11 Mike Albanese South Beach Blues: Miami’s Delinquency Rate Nears 6% Tagged with: Delinquency Rate Foreclosures mortgage Share Save The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Fed Chair Discusses Recession, Economic Expansion Next: Measuring the Effectiveness of Foreclosure Assistance Programs Demand Propels Home Prices Upward 2 days ago CoreLogic found that the nation’s overall delinquency was 3.9% in November 2019, which is a marginal decline from last year’s 4%. November’s reading was the lowest reading for November in more than 20 years. The share of delinquent mortgages in November historically peaked in 2009 at 11.5%. Since March 2018, the overall delinquency rate each month has been lower than the pre-crisis period from 2000 to 2006. The rate averaged 4.7% during that time. The serious delinquency rate—those more than 90 days past due, including those in foreclosure—was 1.3% for the month. This represents a slight decline for November 2018’s 1.5%. CoreLogic says the serious delinquency rate has remained at 1.3% since April 2019. The share of mortgages in some stage of the foreclosure process was 0.4%, which is unchanged from last year. Mortgages that were 30-59 days past due, or those considered early-stage delinquencies, was 2% in November—up from 1.9% in November 2018.Mississippi had the highest share of mortgage 30 days or more delinquent for the month at 7.6%. Oregon and Colorado had the lowest at 1.9%. North Carolina was found to have the largest decline at 0.7%.Of the 10 largest metropolitan areas, Miami had the highest delinquency rate for the 30-plus day past-due rate at 5.4%. San Francisco had the lowest rate at 1.2%. The largest annual increases were found in rural areas. Pine Bluff, Arkansas (1.4%); Enid, Oklahoma (0.9%); Dalton, Georgia (0.6%); and Dubuque, Iowa (0.5%).Black Knight revealed in February that delinquencies fell by 3.75% month-over-month in December, while the foreclosure rates fell 1.57%. Year-over-year, delinquencies declined by over 12%.Additionally, Black Knight found that there are now 2.05 million loans in some stage of delinquency, including active foreclosures down 236,000 from the same time last year and the lowest year-end volume since the turn of the century. The strongest declines were primarily in the east and southern portions of the country and in areas heavily impacted by the 2017 and 2018 hurricane seasons.Southern states including Mississippi, Louisiana, Alabama, and Arkansas held some of the largest volumes of non-current loans in the country. As of December 2019, Mississippi holds the highest volume at 9.99%, though this is a month-over-month decline from November’s 10.44%, and a 0.93% decline year-over-year.center_img The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / South Beach Blues: Miami’s Delinquency Rate Nears 6% 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. Subscribe Demand Propels Home Prices Upward 2 days ago February 11, 2020 1,138 Views Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post About Author: Mike Albanese Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

Posted in pukfatdxTagged ,,,,,,,,,,,,,,Leave a Comment on South Beach Blues: Miami’s Delinquency Rate Nears 6%

Rev Jesse Jackson in Derry

first_img Human Rights activist Rev. Jesse Jackson is making a one day visit to Derry at the invitation of the  Pat Finucane Centre and the Bloody Sunday Trust.While in the city he will visit the Museum of Free Derry.  At 4 pm, there will be an open session in the Guildhall where the Rev. Jackson will take part in a discussion and answer questions from the public.Following this he will present the inaugural Henry Cunningham Human Rights Award to the winning school.   The essay was based on the theme ‘Defending the rights of minorities in Ireland.’ WhatsApp Twitter Twitter Rev Jesse Jackson in Derry Google+ RELATED ARTICLESMORE FROM AUTHOR By News Highland – March 20, 2011 WhatsApp NPHET ‘positive’ on easing restrictions – Donnelly Facebook Google+center_img Pinterest Calls for maternity restrictions to be lifted at LUH News Pinterest Facebook Help sought in search for missing 27 year old in Letterkenny Three factors driving Donegal housing market – Robinson 448 new cases of Covid 19 reported today Previous articleWW1 Irish dead to be commemorated at Letterkenny ServiceNext articleMagee lecturers taking strike action today over revised pension arrangements News Highland Guidelines for reopening of hospitality sector publishedlast_img read more

Posted in scjetjalTagged ,,,,,,,,,,,,,,Leave a Comment on Rev Jesse Jackson in Derry

Highland’s Farming News – Thursday 9th July

first_img WhatsApp Facebook Calls for maternity restrictions to be lifted at LUH Pinterest Facebook Guidelines for reopening of hospitality sector published Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Previous articlePolice in Strabane issue warning after young girl approached onlineNext articleMeath make two changes for Healy Park visit admin Google+ Three factors driving Donegal housing market – Robinson Google+center_img Twitter NewsPlayback RELATED ARTICLESMORE FROM AUTHOR A 15 Minute Programme presented by Chris Ashmore every Thursday at 7.05pm highlighting all that’s happening in the farming community.Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/07/Farming-35.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Highland’s Farming News – Thursday 9th July WhatsApp Twitter Nine Til Noon Show – Listen back to Wednesday’s Programme By admin – July 10, 2015 Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

Posted in hiioqruqTagged ,,,,,,,,,,,,,,Leave a Comment on Highland’s Farming News – Thursday 9th July