Fannie Mae’s Gross Mortgage Portfolio Takes Another Tumble in December

first_img Tagged with: Fannie Mae Gross Mortgage Portfolio Monthly Summary Mortgage-Backed Securities Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News, Secondary Market Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Fannie Mae’s gross mortgage portfolio continued its downward trend in December, falling at a compound annualized rate of 26.4 percent, according to Fannie Mae’s December 2014 Monthly Summary released recently.The value of Fannie Mae’s mortgage portfolio fell from $424 billion in November down to $413 billion in December. Since the end of June 2010, when the value of the portfolio stood at $818 billion, its compound annualized rate has declined in 53 of the last 54 months. The only month during that time when the portfolio grew was in December 2012, when it increased by 1 percent.For the entire year of 2014, the average compound annualized rate for the enterprises’s gross mortgage portfolio was 15.8 percent. In four different months during 2014, it declined at a compound annualized rate of more than 20 percent, including a high of 28.9 percent from October to November. The 2014 average compound annualized monthly decline rate of 15.8 percent is still an improvement from 2013, when the average monthly decrease was 22.5 percent.December’s compound annualized rate decline of 26.4 percent for the gross mortgage portfolio was the eighth-highest rate for any one month since the FHFA’s conservatorship of Fannie Mae began in September 2008. The highest rate of decline occurred in January 2010, when it dropped by 44.8 percent.”As per the Senior Preferred Stock Purchase Agreement with Treasury, Fannie Mae was required to reduce the size of its gross mortgage portfolio to $469.6 billion by December 31, 2014,” Fannie Mae spokeswoman Katherine Constantinou said. “In October 2014, FHFA requested an additional annual reduction of 10 percent, which revised the portfolio cap to $422.7 billion for the year ended 2014.”Despite the large dropoff in Fannie Mae’s gross mortgage portfolio in December, other components propelled the overall Book of Business to a compound annualized rate increase of 1.6 percent from November, according to the summary. It was the third time in the last four months the overall Book of Business has grown following eight straight months of decline to begin 2014.Monthly increases in new business acquisitions and total Fannie Mae mortgage-backed securities and other guarantees pushed the value of the Big Book of Business up to $3.124 trillion in December, up from $3.119 trillion in November.Also in December, the serious delinquency rate on Fannie Mae’s conventional single-family mortgage loans declined by two basis points from November down to 1.89 percent. December marked the 37th month in a row the serious delinquency rate declined at least one basis point month-over-month; the last time the rate did not decline was when it held steady at 4.0 percent from October to November 2011.”As a result of home retention solutions, foreclosure alternatives, and completed foreclosures, as well as the company’s acquisition of loans with stronger credit profiles since the beginning of 2009, Fannie Mae’s single-family serious delinquency rate has declined each quarter since the first quarter of 2010,” Constantinou said.The value of Fannie Mae’s mortgage-backed securities and other guarantees totaled $2.803 trillion in December, representing an annualized compound rate month-over-month increase of 5.5 percent – marking the fourth time in the last sixth months the total value of Fannie Mae MBS has expanded after starting 2014 with six straight months of decline. For the entire year of 2014, the value of Fannie Mae’s MBS and other guarantees remained nearly unchanged from its value at the end of the previous year – $2.083564 trillion in 2014 compared to $2.083849 trillion at the end of 2013.The number of loan modifications Fannie Mae completed in December (8,951) also increased from November (7,417), giving the enterprise 122,823 loan mods for the entire year of 2014 – an average of 10,235 per month.  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Brian Honea Home / Daily Dose / Fannie Mae’s Gross Mortgage Portfolio Takes Another Tumble in December February 2, 2015 947 Views Related Articles 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: HUD Provides Guidance for Use of Housing Trust Fund Allocations Next: Servicers Name Property Preservation as Biggest Challenge With FHA Loans The Best Markets For Residential Property Investors 2 days ago Fannie Mae Gross Mortgage Portfolio Monthly Summary Mortgage-Backed Securities 2015-02-02 Brian Honea Fannie Mae’s Gross Mortgage Portfolio Takes Another Tumble in December Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Representative Plans to Consider Different Approach to Passing Regulatory Relief

first_img Servicers Navigate the Post-Pandemic World 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago About Author: Samantha Guzman Samantha Guzman is an award-winning visual journalist and graduate of the University of North Texas Mayborn School of Journalism. She specializes in visual storytelling and has skills in video, audio and photography, in addition to news writing. She has traveled to Mexico and Bosnia as an assistant for multiple multimedia projects and taught news writing, photojournalism, and narrative storytelling in the past. Representative Mike Fitzpatrick (R-Pennsylvania) said he will be exploring a change in strategy in order to get some regulatory relief passed, after a bill that would address 12 separate fixes to the Dodd-Frank Act was thwarted by the Senate. Fitzpatrick, a member of the House Financial Services Committee, has introduced a bill that would give banks an additional two years to dispose of collateralized loan obligations as required by the Volcker Rule, on two separate occasions, according to a report.In January, the house passed the bill by a vote of 271 to 154, with 29 Democrats voting in favor of it. However, Senate Democrats led by Senator Elizabeth Warren (D-Massachusetts) vowed to fight the bill and it failed to pass. Democrats, including Warren, have said they worry that bills that claim to be aimed at relieving regulatory burdens for small banks are being used to roll back Dodd-Frank for the benefit of the largest financial institutions.Fitzpatrick noted Tuesday that each of the individual bills included in his legislation, the “Promoting Job Creation and Reducing Small Business Burden Act,” had bipartisan support when they either passed the full House or his committee. But when packaged together, they have drawn the ire of more liberal Democrats.“These are the bipartisan ideas,” Fitzpatrick said following an appearance in New York. “You package them together and put them on the floor. Then [Senator Elizabeth Warren] comes out against one of the 12, and all of a sudden we lose all our support.”The Pennsylvania Republican said that he may have to consider a new approach to getting some regulatory relief done, including possibly lifting the asset threshold, that banks used to be determined systemically important financial institutions, from the $50 billion where it currently stands and providing regulatory relief for small banks. Congressman Mike Fitzpatrick Dodd-Frank Reform Act Pennsylvania 2015-03-12 Samantha Guzman Home / Daily Dose / Representative Plans to Consider Different Approach to Passing Regulatory Relief The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Representative Plans to Consider Different Approach to Passing Regulatory Relief Related Articles Previous: Large Financial Firms Intend to Raise Dividends Following Fed’s Approval of Capital Plans Next: Judge Approves $69 Million MBS Settlement for Bank of America, U.S. Bank March 12, 2015 875 Views Tagged with: Congressman Mike Fitzpatrick Dodd-Frank Reform Act Pennsylvania in Daily Dose, Featured, Government, News 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 Subscribe Demand Propels Home Prices Upward 2 days ago 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 Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

After Hurricane Michael’s Landfall …

first_img Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / After Hurricane Michael’s Landfall … The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News October 12, 2018 2,745 Views The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Hurricane Michael, which made landfall on the Florida coast on Wednesday as a Category 4 storm has left a trail of destruction in its wake. The preliminary numbers from CoreLogic estimate that the total damage to insured residential and commercial property due to wind and storm surge after the hurricane’s landfall stood at $3 billion to $5 billion. Around $0.5 billion to $1 billion is estimated from losses due to storm surge and includes properties covered by the National Flood Insurance Program.With the estimated damage to properties rising, the U.S. Department of Housing and Urban Development (HUD) announced on Friday that it would speed federal disaster assistance to Florida by providing support to homeowners and low-income renters affected by the hurricane. In particular, HUD said that it was offering foreclosure relief and other assistance to families living in Bay, Franklin, Gulf, Taylor, and Wakulla counties, where a major disaster declaration was issued by President Trump recently.HUD plans to provide immediate foreclosure relief for homeowners with an FHA loan facing foreclosure due to the disaster in these counties. Additionally, HUD said that its Section 203(h) program provided FHA insurance to disaster victims whose homes were destroyed or damaged to such an extent that reconstruction or replacement is necessary “and are facing the daunting task of rebuilding or buying another home. Borrowers from participating FHA-approved lenders are eligible for 100 percent financing, including closing costs.”For homeowners who have lost their homes, HUD said that its Section 203(k) loan program enabled such homeowners to finance the purchase or refinance of a house along with its repair through a single mortgage. “It also allows homeowners who have damaged houses to finance the rehabilitation of their existing single-family home,” HUD said.While Florida was the hardest hit with $2.5 billion to $4 billion estimate in wind and storm surge damage, the destruction in Alabama and Georgia was estimated at $0.5 billion to $1 billion.Read more about the assistance being offered by other agencies:The Mortgage Industry Braces Itself for Hurricane Michael Previous: Q3 Mortgage Revenue Drivers Next: Former Amazon Economist Joins Redfin Team Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily After Hurricane Michael’s Landfall … Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. About Author: Radhika Ojha Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles  Print This Post Assistance CoreLogic Disaster Foreclosure HUD Hurricane mortgage relief 2018-10-12 Radhika Ojha Tagged with: Assistance CoreLogic Disaster Foreclosure HUD Hurricane mortgage relief Subscribelast_img read more

Don’t Worry About Cash-out Refis Just Yet

first_img Servicers Navigate the Post-Pandemic World 2 days ago Don’t Worry About Cash-out Refis Just Yet The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News, Secondary Market  Print This Post About Author: Radhika Ojha October 30, 2018 2,863 Views Cash-out Home Equity Homeowners loans mortgage Refinance Urban Institute 2018-10-30 Radhika Ojha Cash-out refinancing is rising, but the Urban Institute gives three reasons why the growing share is no reason for concern just yet.According to a blog by Urban Institute’s Housing and Finance Policy Center, the share of refinance loans where borrowers increase their loan balance to extract equity from their home has reached the highest point since 2008 and stood at 77 percent of total refinances in the second quarter of 2018. However, the volume of home equity cashed out was still below crisis peak totaling $15.8 billion during the quarter far below the highs between $75 billion and $85 billion during the pre-crisis years.Apart from the low volume, the report gave three additional reasons as to why it wasn’t time yet to ring the alarm bells.First, cash-out refinance share was strongly correlated with home price appreciation and rising interest rates. This meant that homeowners typically chose to refinance their mortgage to lower their monthly payment by obtaining a lower interest rate or to extract equity from their home. The current environment of rising rates and strong home price appreciation, the report pointed out, was driving the higher cash-out refinance share and as homes increased in value, borrowers got an added incentive to refinance their loans and tap into their mounting equity.According to the Urban Institute, the second reason was that the share of cash-out refinance to total production was in line with historic trends. Putting the numbers in context, the report said that Over the past few months, the overall refinance share of total mortgage loans was at or near the lowest point in years, largely because rising interest rates made rate refinances unattractive to most mortgage holders. “Refinance loans make up such a small share of total loan production—currently below 30 percent for Freddie Mac—so the cash-out refinance share of all loans is still within a reasonable range and below the dangerous levels of the crisis years,” the Urban Institute said in its blog.Lastly, the report revealed that borrowers were extracting less equity than they did during the financial crisis. Giving a historical perspective, the report said that in 2006, cash-out dollars as a share of refinanced originations peaked at 31 percent, meaning that borrowers then were extracting a significant portion of their equity. “Today, cash-out dollars as a share of all refinanced originations is 21 percent and has averaged just below 8 percent since the crisis. Part of this reflects the fact that Fannie Mae, Freddie Mac, and the Federal Housing Administration have lowered the maximum loan-to-value ratio for cash-out refinances, reducing the amount of cash that can be extracted,” the report said. Demand Propels Home Prices Upward 2 days ago Tagged with: Cash-out Home Equity Homeowners loans mortgage Refinance Urban Institute Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Sign up for DS News Daily Previous: A Comeback With A Twist Next: Scaring Up Home Values The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Home / Daily Dose / Don’t Worry About Cash-out Refis Just Yet Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articleslast_img read more

Ask the Economist with Skylar Olsen

first_img The Best Markets For Residential Property Investors 2 days ago  Print This Post Previous: HUD Approves $8.2B Puerto Rico Recovery Plan Next: The Week Ahead: CFPB Director Headed for Capitol Hill Demand Propels Home Prices Upward 2 days ago About Author: Donna Joseph Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Ask the Economist with Skylar Olsen in Daily Dose, Featured, Print Features Affordability Ask the Economist Homeownership Skylar Olsen Student Debt Zillow 2019-03-01 Donna Joseph Related Articles The Week Ahead: Nearing the Forbearance Exit 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] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Ask the Economist with Skylar Olsencenter_img Subscribe Servicers Navigate the Post-Pandemic World 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 Tagged with: Affordability Ask the Economist Homeownership Skylar Olsen Student Debt Zillow Editor’s note: This feature originally appeared in the March issue of DS News, out now.Skylar Olsen is the Director of Economic Research and Outreach at Zillow. She investigates housing markets all across the country and the importance of place in economic outcomes. Olsen is also dedicated to sharing housing data with policymakers as well as academic and nonprofit researchers to further understanding on a whole host of issues. She holds a Ph.D. in economics from the University of Washington, specializing in econometrics and environmental economics and was honored for teaching excellence by the University of Washington. Olsen spoke to DS News about the trends in the housing markets, the homelessness crisis, and what she loves most about being an economist.What does your day-to-day role look like as Director of Economic Research and Outreach? As a housing economist at Zillow, I and my team have access to the richest housing and consumer dataset in the world. With that dataset at our fingertips, we keep an eye on economic and policy developments in the news, and through the grapevine, and perform analyses to comment on those rising issues. But we also are constantly brainstorming deeper and more complicated questions we can explore, such as, how do rising rents impact homelessness or what impact do land use regulations have on home prices and our ability to build. We have a sense of humor too though looking at the best places to move for love or hot markets for dogs. Personally, I spend some of my time playing in the data, some of it managing and guiding others, a small chunk of it vision setting, and a fair share simply talking about all the insights we’ve explored, whether on a stage or on the phone with a reporter.What are some of the markets poised for homeownership growth this year?I expect to see homeownership rates rise in places where housing is still affordable, but have good job prospects. Southern markets like Dallas and Atlanta still have fairly affordable homes, but really strong job markets–so people are earning enough to buy a home, and the homes themselves are within their reach.With properties getting more expensive, it’s taking longer for consumers to save for a down payment. How will this trend play out for millennials who are struggling to become homeowners? Millennials are facing the one-two punch of rising housing costs and record levels of student debt. We just saw a Fed report that about 400,000 young Americans didn’t buy a home because of student debt. The homeownership rate for young people, despite a recent turnaround, is far from reaching the level it was at in the early 2000s, before the housing bubble. Home values are still growing faster than incomes, and our research shows that the median household income often isn’t enough to break into the housing market. So, already you need to be at a higher income bracket than the average household. Another challenge is that lower-priced inventory is in higher demand, so while the more expensive price range is less competitive, there’s still plenty of competition for affordable homes. This could mean multiple bids, escalation clauses, and a lot of stress for first-time buyers, though with the market cooling down this means buyers should be able to make a calmer more considered decision. The best thing first-time buyers can do is to be super educated about the market and their own finances and work with great professionals who can help guide them through the process.What are the major barriers to homeownership in the current housing market?Affordability is the number one challenge, and it comes from a few different angles. Home prices are outpacing income gains, and that puts homeownership further out of reach for hopeful buyers. Rents have essentially leveled off or even dipped slightly, but they’re at or close to record highs, which makes it harder to set aside money to save a down payment. There is a bit of a positive though, in that mortgage rates have come down from the heights they reached late last year, so once you get a home, your monthly costs won’t be as high. Low inventory, especially at lower price points, is keeping upward pressure on the housing market, too. Some of the most inventory deprived markets–like Seattle–have seen a recent resurgence in the number of homes for sale, which has slowed the frenetic pace of sales. If this trend spreads across the country, buyers will have more breathing room.What is the most rewarding aspect of your job? The most rewarding aspect of my job changes from day to day. I love working with my team supporting their career development and imagining what we together can be or do. I like it when research we’ve done starts spreading through the media and the community or when someone I meet outside of work tells me about something interesting that they’ve heard or read, and it’s the work we did. If we can take a complicated topic, such as housing vouchers and affordable housing supply, and break it down into clear parts, policymakers can work with that to inform changes. Sometimes they do, and I can see it happen. The Best Markets For Residential Property Investors 2 days ago Share Save Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago March 1, 2019 1,816 Views Demand Propels Home Prices Upward 2 days agolast_img read more

Talking Property Preservation and Diversity

first_img Diversity Property Preservation Video Spotlight VRM 2019-09-24 Seth Welborn  Print This Post Subscribe Home / Daily Dose / Talking Property Preservation and Diversity Related Articles Previous: Examining the Single-Family Rental Market Next: The Geographic “Flip-Flop” in Home Price Growth About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Tagged with: Diversity Property Preservation Video Spotlight VRM in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago In this Video Spotlight, Cheryl Travis-Johnson, COO, VRM Mortgage Services discusses the biggest challenges confronting property preservation. Travis-Johnson also sat down with DS News to discuss how companies can promote diversity and inclusion. 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. center_img Demand Propels Home Prices Upward 2 days ago September 24, 2019 1,313 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Talking Property Preservation and Diversity 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 Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Share Savelast_img read more

Mr. Cooper Promotes Kurt Johnson to Lead Compliance

first_img April 16, 2021 1,094 Views Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Tagged with: CARES act Home Affordable Modification Program (HAMP) Jay Bray Kurt Johnson Mr. Cooper Group Inc. Steve Covington The Best Markets For Residential Property Investors 2 days ago About Author: Eric C. Peck Related Articles Demand Propels Home Prices Upward 2 days ago Home / Featured / Mr. Cooper Promotes Kurt Johnson to Lead Compliance Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago CARES act Home Affordable Modification Program (HAMP) Jay Bray Kurt Johnson Mr. Cooper Group Inc. Steve Covington 2021-04-16 Eric C. Peck  Print This Post Share Save Servicers Navigate the Post-Pandemic World 2 days ago Mr. Cooper Promotes Kurt Johnson to Lead Compliance Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: FinLocker Partners with EPM on Financial Wellbeing App Next: Next Stage of Economic Recovery Will Be ‘Unprecedented’ Kurt Johnson has been promoted to EVP, and Chief Risk and Compliance Officer for Mr. Cooper Group Inc. Johnson has been with the company for five years, most recently serving as Chief Credit Officer, and has 20 years of experience in the industry.Most recently, he led the charge within the company and the industry on the mortgage relief options included in the CARES Act, working with government agencies to advocate for homeowners and ensure Mr. Cooper customers had solutions during the pandemic.Johnson will replace Steve Covington, who has been with the company for nearly six years and recently served as Chief Risk and Compliance Officer, as he transitions into retirement in June. Johnson and Covington will work together to ensure a smooth transition over the coming months.“Kurt is one of the most credible risk and policy experts in our industry, and I am confident he will continue to build upon the relationships the team has established with regulators and government officials in his expanded role,” said Jay Bray, Chairman and CEO of Mr. Cooper Group. “I would like to thank Steve for his leadership in building a best-in-class risk and compliance organization, which is a pillar strength for Mr. Cooper, and wish him the best in his well-deserved retirement.”Prior to joining Mr. Cooper Group, Johnson spent six years as EVP at OneWest Bank. Earlier in his career, Johnson helped develop a streamline modification program that served as the template for the Home Affordable Modification Program (HAMP). The Week Ahead: Nearing the Forbearance Exit 2 days ago in Featured, Journal, News Is Rise in Forbearance Volume Cause for Concern? 2 days agolast_img read more

LK Gardai uncover massive haul of stolen goods including a fitted kitchen

first_img Pinterest Pinterest RELATED ARTICLESMORE FROM AUTHOR LK Gardai uncover massive haul of stolen goods including a fitted kitchen LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Calls for maternity restrictions to be lifted at LUH Twitter Two youths have been questioned after a garda search in Letterkenny uncovered thousands of euro worth of stolen electrical equipment and other items including a fitted kitchenThe operation involved armed gardai from the Regional Support Unit, local detectives and uniformed gardaí.Gardai say the recovered items included 16 mobile phones, PlayStation consoles,  DVD players, XBoxs, Televisions, Sky boxes, laptops a and a microwave oven.A number of power tools were also recovered.In the past month alone there have been 28 burglaries in the Letterkenny area.Two local youths have been questioned and a file is being prepared for the Director of Public Prosecutions. Facebook Three factors driving Donegal housing market – Robinson Google+center_img Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week Previous articleMary Coughlan’s time as Health Minister proves forgettableNext articleUpdated: Man dies in overnight house fire in Downings News Highland By News Highland – July 7, 2011 Guidelines for reopening of hospitality sector published WhatsApp Newsx Adverts Twitter Facebook Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

61% reduction in those on trolleys at Letterkenny General Hospital

first_imgNews Pinterest Facebook Google+ WhatsApp RELATED ARTICLESMORE FROM AUTHOR 61% reduction in those on trolleys at Letterkenny General Hospital WhatsApp Guidelines for reopening of hospitality sector published Facebook Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Calls for maternity restrictions to be lifted at LUH center_img 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 Previous articleCant Pay Wont Pay want an apology from organisers of Sligo rallyNext articleGAA – O’Neill Penalty Gives Tyrone Back To Back Victories News Highland Letterkenny General Hospital has reduced the number of patients on trolleys from January this year compared to January 2012 by 61%.The length of stay was also reduced from 8.6 days to 5.3 days at Letterkenny General in 2012.Nationally the number of patients on trolleys fell by 32%.Donegal North-East Deputy, Joe McHugh says although the figures are welcome, there is still room for improvement….[podcast]http://www.highlandradio.com/wp-content/uploads/2013/02/joemc1pm.mp3[/podcast] Twitter Pinterest Twitter By News Highland – February 11, 2013 Google+ Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

Donegal could lose 70 primary school teachers due to Government cuts

first_img Dail hears questions over design, funding and operation of Mica redress scheme News By News Highland – January 31, 2012 Twitter Facebook Google+ Pinterest Previous articleJury sworn in for Arranmore Island murder trialNext articleTwin Towns to become sports capital of Donegal News Highland It’s claimed at least 70 primary school teachers will be lost in Donegal due to government cuts.Donegal County Council has joined the INTO in calling on the Government’s planned cuts to small primary schools be reversed.It’s feared that funding cuts and a change in staffing schedules for small schools will mean less teachers and bigger classes.Both Councillors Seamus O’Domhnaill and Marie Therese Gallagher raised the issue at Donegal County Council’s monthly meeting.Councillor O’Domhnail says the cuts will hit some schools more than others:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/01/seam830.mp3[/podcast] Man arrested in Derry on suspicion of drugs and criminal property offences released Need for issues with Mica redress scheme to be addressed raised in Seanad also Google+center_img WhatsApp WhatsApp Pinterest Donegal could lose 70 primary school teachers due to Government cuts Facebook Minister McConalogue says he is working to improve fishing quota 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Dail to vote later on extending emergency Covid powers Twitter RELATED ARTICLESMORE FROM AUTHORlast_img read more