Fed: Mortgage Lending Standards Hold Steady Despite Weakening Demand

first_img Banks Demand Federal Reserve Mortgage Credit Standards Senior Loan Officer Opinion Survey 2014-11-05 Tory Barringer  Print This Post Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Fed: Mortgage Lending Standards Hold Steady Despite Weakening Demand The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Previous: Private Sector Employment Expands by 230,000 Jobs in October Next: Alabama Senator Expected to Take Over As Chair of Senate Banking Committee in Featured, Government, News About Author: Tory Barringer Tagged with: Banks Demand Federal Reserve Mortgage Credit Standards Senior Loan Officer Opinion Survey Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Mortgage credit standards remained largely unchanged over the past three months as demand weakened overall, according to a report from the Federal Reserve.The Fed’s Senior Loan Officer Opinion Survey, which covers a three-month period ending in October, shows credit standards on prime mortgages remained basically steady at 83 percent of reporting banks over the last few months. Of the nearly 14 percent that reported easing their lending criteria somewhat, the vast majority were large banks with assets of $20 billion or more, with only one smaller institution dialing down its standards.Only about 3 percent of banks indicated tighter criteria compared to the last survey, all of which were classified as smaller companies.The numbers were largely the same for subprime and jumbo/non-traditional mortgages. Of the handful of banks that currently originate subprime loans, two-thirds said they kept credit standards unchanged, while the remainder were split between somewhat tighter and somewhat weaker criteria.The survey’s results reinforce a frequently cited challenge in the current mortgage market, which analysts say caters mostly to borrowers with near-pristine credit and excludes those with fair or even good profiles.On net, demand for all mortgage types weakened, though changes were mixed in each category. For prime loans, 19.4 percent reported moderately stronger demand, while 20.8 percent saw demand weaken moderately. Notably, the majority of banks experiencing increased demand for mortgages were smaller institutions, leaving larger banks fighting over a smaller share of business.The remaining 59.7 percent of surveyed banks reported no significant change in demand.For subprime mortgages, 83.3 percent of banks said they saw no change in demand, while one reported a slight weakening. Likewise, more than a quarter of banks said demand for non-traditional mortgages weakened, with only about 6 percent saying demand was moderately stronger. Is Rise in Forbearance Volume Cause for Concern? 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago November 5, 2014 851 Views Home / Featured / Fed: Mortgage Lending Standards Hold Steady Despite Weakening Demand The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more

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DS5: The Shifting Housing Landscape and Remote-Working Challenges

first_img Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago April 13, 2020 1,375 Views in Daily Dose, Featured, Media, News, Webcasts Tagged with: DS5 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The newest episode of DS5: Inside the Industry features exclusive interviews with Robert Senko, President of ACC Mortgage, and Sharron Levine, Director, Office of Minority and Women Inclusion, the Federal Housing Finance Agency (FHFA). Senko discusses recent actions by the Federal Reserve and how they could impact mortgage rates, as well as how certain cities and states are working to combat housing shortages with increased housing density. Levine spoke of the challenges brought on by remote working and what the FHFA, and the industry as a whole, is doing to make sure employees are engaged during these uncertain times. You can watch the full episode here or via the embed below. Home / Daily Dose / DS5: The Shifting Housing Landscape and Remote-Working Challenges 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img DS5 2020-04-13 Mike Albanese DS5: The Shifting Housing Landscape and Remote-Working Challenges Previous: Homeowner Relief Could Lead to Servicer Strain Next: 3.5 Million New Mortgage Delinquencies Possible Sign up for DS News Daily Related Articles About Author: Mike Albanese  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Share 2Save Subscribelast_img read more

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CFPB Proposes Extending Mandatory Compliance Date for QM Loans

first_img The Best Markets For Residential Property Investors 2 days ago  Print This Post 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 March 3, 2021 10,695 Views The Consumer Financial Protection Bureau (CFPB) is among the government agencies aiming to help those struggling during this unprecedented pandemic-prompted recession. A move by the CFPB Wednesday will help maintain affordability in mortgages and keep people in their homes, officials say.The CFPB moves to delay the mandatory compliance date of the general qualified mortgage initially slated for July 1 to October 1.The office says the extension would ensure homeowners struggling with the financial impacts of the COVID-19 pandemic have the options they need.“At a time when so many consumers are struggling and at risk of losing ground, particularly Black and Hispanic consumers, we need to do all we can to help people stay in their homes and to ensure the availability of responsible, affordable mortgages,” said Bureau Acting Director David Uejio. “In proposing to extend the date by which lenders must comply with the CFPB’s new General QM definition, we are working to provide needed options for both homeowners and lenders during a time of uncertainty and hardship.”The general QM final rule is part of the CFPB’s work to protect homeowners from debt traps and unaffordable, irresponsible mortgage loans, according to the bureau.”Under the statute, QM loans are presumed to be made based on the lender’s reasonable determination of the homeowner’s ability to repay the loan,” according to the CFPB. “Extending the mandatory compliance date of the general QM final rule would allow lenders more time to offer QM loans based on the homeowners’ debt-to-income ratio, and not solely based on a pricing cut-off. Extending the compliance date of the General QM final rule would also give lenders more time to use the GSE Patch, which provides QM status to loans that are eligible for sale to Fannie Mae or Freddie Mac.”In its press release, the CFPB refers to its first analysis earlier this week of the impacts of the COVID-19 pandemic on housing.Bureau administrators say actions taken by both the public and private sector have, so far, prevented a devastating number of foreclosures during the height of the public health crisis. However, according to CFBP, as legal protections expire in the months ahead, more than 11 million families or almost 10% of U.S. households are at risk of eviction and foreclosure.The CFPB said it believes that an extension of the mandatory compliance date may help ensure stability and access to affordable, responsible credit in the mortgage market.If this NPRM is finalized as proposed, the old, DTI-based General QM definition; the new, price-based General QM definition; and the GSE Patch (unless the GSEs exit conservatorship prior to October 1, 2022) would all remain available as long as the lender received the consumer’s application prior to October 1, 2022,” reported the CFPB.Comments on the NPRM are due on or before April 5. CFPB Proposes Extending Mandatory Compliance Date for QM Loans Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago 2021-03-03 Christina Hughes Babb Home / Daily Dose / CFPB Proposes Extending Mandatory Compliance Date for QM Loans Previous: Manufactured Housing: The Low Inventory Solution? Next: Is it Time to Reevaluate Your Approach to Customer Service? Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save About Author: Christina Hughes Babb Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Subscribelast_img read more

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FHFA Publishes GSE Goals for Market Improvements

first_img Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Affordable Housing Duty to Serve (DTS) program Fannie Mae Federal Housing Enterprises Financial Safety and Soundness Act of 1992 Federal Housing Finance Agency (FHFA) Freddie Mac government-sponsored enterprises (GSEs) Housing and Economic Recovery Act of 2008 Manufactured Housing rural housing Underserved Markets Plans FHFA Publishes GSE Goals for Market Improvements The Federal Housing Finance Agency (FHFA) has published its proposed 2022-2024 Underserved Markets Plans, submitted by Fannie Mae and Freddie Mac under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2022-December 31, 2024.The Housing and Economic Recovery Act of 2008 amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish a duty for the government-sponsored enterprises (GSEs) to serve three specified underserved markets–manufactured housing, affordable housing preservation, and rural housing–by advancing the liquidity of mortgage investments, and improving the distribution of investment capital available to facilitate a secondary market for residential financing for very low-, low-, and moderate-income families in those underserved markets.The DTS regulation, which implements the statutory provisions, requires the GSEs to prepare Plans detailing the specific objectives and activities they plan to implement to fulfill the DTS mandate. This request seeks public input on activities and objectives proposed by the GSEs to be implemented under their 2022-2024 Plans. The DTS regulation requires FHFA to post proposed Plans on its website as soon as practical after submission to FHFA for review, with public input pursuant to the timeframe and procedures established by FHFA.Click here to view Fannie Mae’s “Duty to Serve Underserved Markets Plan for the Manufactured Housing, Affordable Housing Preservation and Rural Housing Markets,” and click here to view Freddie Mac’s “Duty to Serve Manufactured Housing, Rural Housing and Affordable Housing Preservation.”FHFA will accept public input on the proposed Plans during a 60-day public input period beginning May 18. The public can review the request for input and submit comments through links on the DTS webpage. FHFA also plans to hold three listening sessions to review the proposed Plans on July 12, 13, and 14. The three virtual Listening Sessions will each focus on a different underserved market:Session 1 will focus on Rural Housing: July 12, 2021Session 2 will focus on Affordable Housing Preservation: July 13, 2021Session 3 will focus on Manufactured Housing: July 14, 2021Each session will begin at 1:00 p.m. EDT and conclude by 4:00 p.m. EDTThe activities outlined by the GSEs to achieve proposed Plan objectives will remain subject to FHFA review and approval to ensure compliance with the GSEs’ Charter Acts, safety and soundness measures, and other conservatorship and regulatory requirements. Previous: DS5: Overcoming Obstacles to Fair Housing Next: Savvy Homeowners Aim to Profit in Strong Sellers’ Market in Daily Dose, Featured, Government, Journal, News Affordable Housing Duty to Serve (DTS) program Fannie Mae Federal Housing Enterprises Financial Safety and Soundness Act of 1992 Federal Housing Finance Agency (FHFA) Freddie Mac government-sponsored enterprises (GSEs) Housing and Economic Recovery Act of 2008 Manufactured Housing rural housing Underserved Markets Plans 2021-05-19 Eric C. Peck Demand Propels Home Prices Upward 2 days ago Related Articles About Author: Eric C. Peck 11 days ago 563 Views Share 1Save 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. Sign up for DS News Daily center_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post 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 Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / FHFA Publishes GSE Goals for Market Improvementslast_img read more

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Details of Clooney education campus unveiled in Derry

first_img Almost 10,000 appointments cancelled in Saolta Hospital Group this week NPHET ‘positive’ on easing restrictions – Donnelly Twitter By News Highland – February 18, 2010 Facebook Facebook RELATED ARTICLESMORE FROM AUTHOR WhatsApp Details of Clooney education campus unveiled in Derry Calls for maternity restrictions to be lifted at LUH Twitter Google+center_img Previous article75 jobs to go at Donegal MeatsNext articleIn patient services to end at St Conal’s Hospital News Highland Pinterest Newsx Adverts Google+ Three factors driving Donegal housing market – Robinson Detailed plans have been published in Derry today for the development of a new shared education campus on former military lands at Clooney.At a function in the city this morning, Social Development Minister Margaret Ritchie and Education Minister Caitríona Ruane today confimed the lands will house new, purpose built facilities for Foyle and Londonderry College and Ebrington Primary School. Margaret Ritchie told today’s function that the transfer of the site is a major element of her department’s regeneration masterplan for the Clooney lands. Caitríona Ruane said education is central to addressing social inequalities, and this will help children in Derry reach their full potential. The investment in the two new schools will be just over £35 million. The relocation of Foyle and Londonderry College to Clooney means the college’s current Northland Road site can be used by the University of Ulster for the future expansion of its Magee campus. Meanwhile, Minister Richie also announced that the Department has also reached agreement, in principle, that Derry City Council will construct the proposed new greenway link for cyclists and pedestrians, subject to statutory approvals and the outcome of public consultation. Pinterest Guidelines for reopening of hospitality sector published WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton last_img read more

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Man released in Denis Donaldson murder probe

first_img WhatsApp News Google+ RELATED ARTICLESMORE FROM AUTHOR Twitter Leading Derry dissident republican Gary Donnelly who had been held by the Gardai in Monaghan in connection with the death of Denis Donaldson has been released without charge.Mr. Donnelly was arrested in County Monaghan on Saturday as he made his way back to Derry from Dublin.It is believed he was questioned about the 2006 killing of Mr. Donaldson.Denis Donaldson had been a prominent member of Sinn Fein for more than twenty years and in 2006 had admitted he was a British informer.Following this he moved out of Belfast and several months later he was shot dead at a remote cottage in the Glenties area of County Donegal.No one claimed responsibility for the shooting at the time but later the Real IRA said they had carried out the attack.Despite a widespread investigation by the Gardai no one has ever been made amenable for the killing. Earlier this year two men were arrested in connection with the shooting but they were later released.Gardai had until Monday afternoon to question Gary Donnelly and then they would have had to release him or apply for an extension.Gary Donnelly is prominent in the 32 County Sovereignty Movement and has run for election Need for issues with Mica redress scheme to be addressed raised in Seanad also Pinterest Google+ By News Highland – September 12, 2011 Previous articleMan has lucky escape from Mulroy BayNext articleCounty manager says Letterkenny has excellent water quality News Highland Pinterestcenter_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Facebook Dail hears questions over design, funding and operation of Mica redress scheme Man released in Denis Donaldson murder probe Minister McConalogue says he is working to improve fishing quota Twitterlast_img read more

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Tanaiste rules out water charges for next January

first_img Dail hears questions over design, funding and operation of Mica redress scheme Twitter HSE warns of ‘widespread cancellations’ of appointments next week WhatsApp Pinterest Google+ Previous articleFull inquest into the death of Savitta gets underway in GalwayNext articleSoccer – Hutton frustrated with draw in Ballybofey. News Highland Google+ The Tanaiste and the Junior Finance Minister have indicated that water charges will not come into effect next January.It’s understood ministers are concerned about a possible backlash from the public about the new tax coming so soon after the introduction of the controversial property tax.But Eamon Gilmore and Brian Hayes say the metering system will not be in place by next January – and therefore it’s unlikely water charges will be implemented by then.This is in contrast to what the Environment Minister Phil Hogan said last week. By News Highland – April 8, 2013 Man arrested on suspicion of drugs and criminal property offences in Derry WhatsAppcenter_img RELATED ARTICLESMORE FROM AUTHOR PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Dail to vote later on extending emergency Covid powers Pinterest News Man arrested in Derry on suspicion of drugs and criminal property offences released Facebook Facebook Tanaiste rules out water charges for next January Twitterlast_img read more

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Sinn Fein Councillor says Donegal will face worst cuts to services in the country

first_img Donegal will be the worst hit county in Ireland by cuts to services, according to a Sinn Fein County Cllr.Cllr Jack Murray has slammed the decision by Minister Phil Hogan to cut a further €4million from Donegal County Council’s Local Government Fund, stating that the authority will be no longer able to provide services to the people of the county.Just 47% of householders in the county have paid the household tax – so central government is cutting funds to that accord.Cllr Jack Murray has said the charge is deeply unfair, and that these cuts will undoubtedly lead to more protests….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/08/jack1.mp3[/podcast] Google+ News WhatsApp Twitter 365 additional cases of Covid-19 in Republic RELATED ARTICLESMORE FROM AUTHOR WhatsApp Previous articleClaudy bomb victim wants to meet with Martin McGuinnessNext articleDonegal Cancer groups at odds again News Highland 75 positive cases of Covid confirmed in North Facebook Sinn Fein Councillor says Donegal will face worst cuts to services in the countrycenter_img Pinterest Facebook Pinterest By News Highland – August 1, 2012 Further drop in people receiving PUP in Donegal Google+ Main Evening News, Sport and Obituaries Tuesday May 25th Gardai continue to investigate Kilmacrennan fire Twitter Man arrested on suspicion of drugs and criminal property offences in Derry last_img read more

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Update: Rory Gallagher and Maxi Curran will not be part of Donegal’s 2014 management…

first_imgNews Update: Rory Gallagher and Maxi Curran will not be part of Donegal’s 2014 management team Previous articleOmagh meeting to try and find solution to growing number of assaultsNext articlePARC angered by Inishowen Councillor’s Speed Camera criticism News Highland Main Evening News, Sport and Obituaries Tuesday May 25th 75 positive cases of Covid confirmed in North Twitter RELATED ARTICLESMORE FROM AUTHOR Gardai continue to investigate Kilmacrennan fire Further drop in people receiving PUP in Donegal Pinterest WhatsApp Facebookcenter_img Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry By News Highland – September 17, 2013 Twitter Both Rory Gallagher and Maxi Curran will not be part of the Donegal Senior Football team management set-up for the 2014 season.Francie Friel will also not feature – It is not yet clear if the trio chose to or were asked to leave.Rory Gallagher is already being linked with a move to take over the manager’s vacancy with his native Fermanagh.The news has come as a surprise as speaking to Highland Radio Sport just last Sunday, Donegal Manager Jim McGuinness gave no indication that fans could expect any changes to his backroom team for the 2014 campaign – he was asked the question by Oisin Kelly:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/09/jim530CHANGES.mp3[/podcast] 365 additional cases of Covid-19 in Republic WhatsApp Google+ Facebook Google+last_img read more

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NRA will spend 18.6 million euro in Donegal in 2015

first_imgHomepage BannerNews NRA will spend 18.6 million euro in Donegal in 2015 Google+ 18.6 million euro has been allocated for national road improvement and maintenance works in Donegal next year.Welcoming the allocation, Deputy Dinny Mc GInley said Donegal’s national road network is a key asset as the economy moves towards recovery and growth.He says this allocation will ensure that the standard of our national road network is preserved and will help the ongoing efforts to improve safety, reduce congestion and increase economic output. Pinterest Previous articleCPWP say Anti Water Charges march in Dungloe should be a festive occasionNext articleSIPO sends its report on former councillor Dessie Larkin to the DPP News Highland Main Evening News, Sport and Obituaries Tuesday May 25th 75 positive cases of Covid confirmed in North Twitter Gardai continue to investigate Kilmacrennan fire Facebook By News Highland – December 19, 2014 center_img Twitter WhatsApp Facebook Pinterest Google+ Further drop in people receiving PUP in Donegal WhatsApp 365 additional cases of Covid-19 in Republic Man arrested on suspicion of drugs and criminal property offences in Derry RELATED ARTICLESMORE FROM AUTHORlast_img read more

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