Despite Predicted Rate Hike, RMBS Outlook Remains Strong

first_img Share Save 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  Print This Post Subscribe in Daily Dose, Featured, Headlines, Market Studies, News Related Articles Tagged with: RMBS The Kroll Bond Rating Agency released a report predicting the effects on residential mortgage-backed securities in light of the looming Fed rate hike, which now has a predicted probability of 46.7 percent, an increase from last week’s prediction of 26.9 percent. Kroll does believe that the effects from Hurricane Harvey and Hurricane Irma will have temporary effects on the RMBS market.Rising rates, however, will have an effect on the housing market. The report predicts that increased interest rates will lower the number of mortgage originations, as well as mortgage refinancing, as higher rates make both the former and the ladder less attractive for potential and current consumers. Mortgage originations have fallen 9 percent year-over-year, according to data released by the MBA. Refinances have also declined 33 percent year-over-year.Yet, even with fewer originations, issues of RMBS will continue to rise, according to the report. Through August, total RMBS accounts for $19.6 billion, which is an increase of 54 percent year-over-year. They expect—given outstanding deals that are not yet finalized—an additional $9.1 billion to be added to that figure by year’s end.If Kroll’s outlook proves to be correct, the company says 2017 will be the most lucrative year since the housing crisis in 2008, surpassing 2015’s record.  The report says, “despite our expectations for constrained mortgage production to continue next year, primary market activity should remain healthy, led by a rise in private label securitization (PLS) issuance.”Further, PLS will be driven by positive pricing in securitization. Some institutions are shifting their focus away from exclusivity with non-conforming loans to jumbo and high-balance conforming loans, which aid in the growth of the market. The report expects a similar situation going into 2018, so long as the market stays its course.You can read report in its entirety, here. Previous: The Week Ahead: The Five Star Conference and Expo Next: Mortgage Contracting Services Celebrates 5-Year Anniversary in Ruston, Louisiana Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img Home / Daily Dose / Despite Predicted Rate Hike, RMBS Outlook Remains Strong RMBS 2017-09-18 Joey Pizzolato The Best Markets For Residential Property Investors 2 days ago About Author: Joey Pizzolato The Week Ahead: Nearing the Forbearance Exit 2 days ago Despite Predicted Rate Hike, RMBS Outlook Remains Strong Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago September 18, 2017 1,575 Views Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Fannie Mae on What Could Derail Spring Homebuyers

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Fannie Mae on What Could Derail Spring Homebuyers Data Provider Black Knight to Acquire Top of Mind 2 days ago March 20, 2019 1,994 Views Subscribe The Best Markets For Residential Property Investors 2 days ago Previous: Fitch Addresses PHH, Ocwen Next: Experts Sound Off on Fed Rate Decision  Print This Post About Author: Donna Joseph Doug Duncan Economic and Strategic Research Group Fannie Mae 2019-03-20 Donna Joseph Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Doug Duncan Economic and Strategic Research Group Fannie Mae Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Fannie Mae on What Could Derail Spring Homebuyers The Best Markets For Residential Property Investors 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 in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Related Articles According to the Fannie Mae Economic and Strategic Research (ESR) Group’s March outlook, full-year real GDP growth is estimated to come in at 2.2 percent in 2019, unchanged from the prior forecast but down markedly from 2018’s 3.1 percent. The researchers attributed the expected deceleration in growth to the “fading fiscal impact from the Tax Cuts and Jobs Act, as well as continued sluggishness in business investment and consumer spending.” Speaking of housing, Doug Duncan, Chief Economist at Fannie Mae said, “We continue to expect another year of steady home sales in 2019. While inventory has improved, it remains low by historical standards—particularly among existing homes—and threatens to derail the spring homebuying season, though a recent jump in single-family starts suggests that new supply is on the way. Considering the general inventory shortage and strong demand for housing, affordability remains a key challenge facing the industry, particularly in the conforming space.”However, affordability has improved by slowing house price appreciation and more attractive mortgage rates and purchase mortgage originations are expected to expand in 2019 while refinancings contract, the research revealed. The ESR also noted that the economic growth in the first quarter of 2019 is forecasted to slow to 1.3 percent in part due to consumer caution following significant volatility in households’ financial assets in the fourth quarter. Duncan expects headline growth in the first quarter of 2019 to fall to 1.3 percent annualized–the slowest quarterly growth in over three years. “ As we weigh the downside risks to the economy–including moderating international growth and trade uncertainty–we now project that the Fed will wait until the fourth quarter to raise rates, if at all.”In its previous report, Fannie Mae indicated that the Fed’s pause on rate hikes is likely to help the housing market as well as the broader economy. It noted that the Fed’s “patience” on raising rates “has led to easing financial conditions, while the expanding labor pool suggests minimal wage pressures, which together server as potential growth offsets to the opposite direction.” last_img read more

Fannie Mae Reevaluates Economic Growth

first_imgSubscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Economic Fannie Mae 2019-06-17 Seth Welborn June 17, 2019 1,838 Views Related Articles Previous: Homeowners Impacted by Sandy Face Uncertainty Next: Fed to Cut Interest Rates in 2019? About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Fannie Mae Reevaluates Economic Growth Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Fannie Mae’s Economic and Strategic Research Group (ESR) predicts full-year 2019 and 2020 U.S. economic growth of 1.5%, down from Fannie Mae’s previous prediction of 2.1%. The GSE cites expected weakness in business fixed investment and softening global economic conditions for the decline.“This month, escalating trade tensions and concerns about weakening global growth led us to revise lower our full-year 2019 and 2020 forecasts of real GDP growth to 2.1 percent and 1.5 percent, respectively,” said Fannie Mae SVP and Chief Economist Doug Duncan. “Despite a strong start to the year, we expect growth to slow beginning in the second quarter as macro-level uncertainty disincentivizes business fixed investment and starts to weigh on consumer spending. In order to sustain the longest expansion in more than 70 years, we expect the Fed to once again begin easing monetary policy and to cut its interest rate target by 25 basis points in September.”Fannie Mae’s (ESR) projects that the Federal Reserve will cut the federal funds rate by 25 basis points at the September meeting of its Federal Open Market Committee to fend off greater deceleration in domestic growth. Fannie notes that prices may rise as international trade tensions rise, which may also impact the job market.This week, the Federal Reserve Chair Jerome Powell will hold a press conference following Tuesday and Wednesday’s Federal Open Market Committee Conference.Earlier this year, the Federal Reserve announced that it will be keeping the federal funds rate at 2.25 to 2.50%. The Fed statement announced that The Board of Governors of the Federal Reserve System voted unanimously to set the interest rate paid on required and excess reserve balances at 2.35%.“We expect housing to add to growth for the foreseeable future, and our projection of a 1.0 percent year-over-year increase in home sales in 2019 remains unchanged,” Duncan continued. “Moderating home price appreciation and attractive mortgage rates continue to support affordability, particularly as home builders are now paying more attention to the entry-level portion of the housing market.” The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post 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. Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Government, Market Studies, News Tagged with: Economic Fannie Mae The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Fannie Mae Reevaluates Economic Growthlast_img read more

House Committee Proposes Debt Collection Prevention

first_img House Committee Proposes Debt Collection Prevention  Print This Post 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 debt Debt Collection Foreclosure Senate 2020-05-07 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: debt Debt Collection Foreclosure Senate Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. in Daily Dose, Featured, Foreclosure, Government, News Share Savecenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / House Committee Proposes Debt Collection Prevention Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Previous: 3.1M More Americans File for Unemployment Next: White Paper: Self-Governance Critical for PLS Industry May 7, 2020 1,521 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Congresswoman Maxine Waters, Chairwoman of the House Committee on Financial Services, led Committee Democrats in releasing the Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act, legislation to provide a comprehensive stimulus and public policy response to the coronavirus pandemic. Included in the bill are provisions to prevent debt collection, led by Congressman Al Lawson.“In light of the global coronavirus pandemic, and the economic hardship it will bring, my bill would suspend debt collections activity for 120 days to allow families and businesses an opportunity to get back on their feet,” said Lawson. “This would give working Americans, small business and non-profits another tool in the recovery process.”Also included in the bill is Chairwoman Waters’ bill to provide monthly direct payments of up to $2,000 per eligible adult (who makes less than $115,000, or $230,000 for joint filers) and $1,000 per child for as long as the crisis and potential recession may last, and mandating funds be made available to consumers as quickly as possible. The bill will also give the unbanked access to their funds through a new digital wallet they can open at a financial institution.Additionally, Rep. Jesus “Chuy” Garcia included a bill to ban all evictions and foreclosures during the pandemic.“The House Financial Services Committee has been working around the clock to provide a bold fiscal stimulus and public policy response to the COVID-19 crisis,” said Chairwoman Waters. “Last week, we outlined a comprehensive plan to address the needs of hardworking and vulnerable Americans who may face financial hardship as a result of this devastating pandemic. Today, I am proud to lead my colleagues in releasing a package of more than 40 bills to implement this plan, including my legislation to provide up to $2,000 a month for most adults and $1,000 for each of their children during the pandemic”These lawmakers have also turned their eye to servicers. Bloomberg reports that several Democrats with the U.S. House and Senate are requesting Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell to provide funds to mortgage servicers.“The Fed and Treasury should use powers given to them under recent stimulus measures to provide liquidity to servicers facing shortfalls,” Chairwoman Waters and Sherrod Brown, the top Democrat on the Senate Banking Committee, said in a letter Wednesday.Steps that government-sponsored Ginnie Mae has taken may not be enough, the lawmakers wrote.“Mortgage servicers are expected to face increased strain as millions of homeowners and renters lose jobs, are furloughed, or see reduced hours, all of which will keep them from making mortgage and rent payments, as a result of this public health crisis,” the letter states. “We must not allow the pandemic to destabilize critical markets, including our housing market.” Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

Over 30,000 people in Donegal are victims of fuel deprivation – Unite

first_img 448 new cases of Covid 19 reported today Over 30,000 people in Donegal are victims of fuel deprivation – Unite RELATED ARTICLESMORE FROM AUTHOR Pinterest WhatsApp An estimated 30,700 people in Donegal are suffering from fuel deprivation according to the trade union Unite.The union has published a report this morning under the title “A Cold Christmas”, showing what it says is a very serious nationwide problem.The report says Donegal has the highest level of fuel deprivation, consistent with being the lowest-income county. The national average is 15.7% fuel poverty, with Donegal coming in at 19.5%.Unite Regional Secretary Jimmy Kelly says the report’s findings are based on CSO figures derived from a very simple question “Have you been unable to heat your home because you can’t afford fuel at any point over the past 12 months?”.He says the answers received show action is needed………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/12/uniteweb.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.The report in full can be read here Google+ Google+ Twitter By admin – December 14, 2015 Facebook Previous articleDonegal Councillor calls for walk-out at next meeting if O’Donnell refuses to resignNext articleGAA: Support for catchment players ruling and Centre of Excellence admin center_img Pinterest Help sought in search for missing 27 year old in Letterkenny NPHET ‘positive’ on easing restrictions – Donnelly News, Sport and Obituaries on Wednesday May 26th Facebook Homepage BannerNews WhatsApp Three factors driving Donegal housing market – Robinson Twitter Nine Til Noon Show – Listen back to Wednesday’s Programmelast_img read more

Calls for new Education Minister to defer junior cert reform

first_imgNews Google+ By News Highland – July 14, 2014 Previous articleDonegal case leads to warning of the dangers of pointing lasers at aircraftNext articleCity thump Bray as good form continues News Highland Facebook Help sought in search for missing 27 year old in Letterkenny Calls for new Education Minister to defer junior cert reform Guidelines for reopening of hospitality sector published WhatsApp RELATED ARTICLESMORE FROM AUTHOR Pinterest Pinterestcenter_img Twitter WhatsApp Facebook Three factors driving Donegal housing market – Robinson 448 new cases of Covid 19 reported today Google+ A Donegal Deputy has called on the new Education Minister to defer reform of the Junior Cert for one year to allow for meaningful consultation with secondary school teachers.Deputy Charlie McConalogue says the new Education Minister Jan O’Sullivan needs to make a clean break from the policy of her predecessor.The main opposition from teachers relates to the proposed move from students being marked by the State Examinations Commission to teachers assessing their own students.Charlie McConalogue says the minister needs to address those concerns:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/07/charrawJUN.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter Calls for maternity restrictions to be lifted at LUH NPHET ‘positive’ on easing restrictions – Donnelly last_img read more

Four seperate assaults reported in Derry

first_img Twitter NPHET ‘positive’ on easing restrictions – Donnelly Pinterest RELATED ARTICLESMORE FROM AUTHOR WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Calls for maternity restrictions to be lifted at LUH By News Highland – December 12, 2009 Facebook Google+ WhatsApp Previous articlePolice attacked after Derry “punishment shootings”Next articleGaa – Ardara take League Title News Highland center_img Pinterest Three factors driving Donegal housing market – Robinson Guidelines for reopening of hospitality sector published Facebook Twitter Four men have been assaulted in separate attacks in Derry.A man was dragged from his van by three men in the Fountain area shortly after 9pm on Friday and his hand broken in the door of the van.In the early hourd of Saturday , a 20-year-old man was attacked outside a shop on Lone Moor Road by two men armed with hammers.In the third incident, two men were attacked in the car park at the rear of Clooney Terrace.None of the victims are believed to have sustained life-threatening injuries. Four seperate assaults reported in Derry News Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

Father of accused man gives evidence in Mauritius trial

first_img Google+ RELATED ARTICLESMORE FROM AUTHOR Guidelines for reopening of hospitality sector published By News Highland – July 2, 2012 Pinterest Need for issues with Mica redress scheme to be addressed raised in Seanad also Previous articleST journalist believes Gallagher is “sincere” in his regretNext articleChair of NI Housing Executive resigns News Highland Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Pinterest WhatsApp Twittercenter_img The father of one of the two men accused of murdering Michaela McAreavey has said he loves his son and “has to get him out of this situation”.32 year old Avinash Treebhoowoon and 42 year old Sandip Moneea deny the killing.Sooriedeo Treebhoowoon told the court in Mauritius that when he visited his son two days after his arrest, he said he had been beaten by police. A prosecutor put it to him that he had made this up to protect his son. The 52-year-old labourer denied this.The trial at the Supreme Court in Mauritius has entered its seventh week. Facebook Father of accused man gives evidence in Mauritius trial Google+ Calls for maternity restrictions to be lifted at LUH WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Newsx Advertslast_img read more

Councillors concerned over impact new rules may have on CDP

first_img Need for issues with Mica redress scheme to be addressed raised in Seanad also WhatsApp Facebook Pinterest Twitter Fianna Fail Councillors are seeking an urgent meeting to discuss what impact new EU and National directives will have on the County Development Plan.The Party’s whip, Ciaran Brogan, says that the new rules are not contained in the CDP and could have serious implications for anyone wishing to build a home in some areas of the county.Councillor Brogan says that while there is not much building activity in Donegal at the moment, people may well encounter problems in to the future, and the public needs to be informed:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/11/brog1pmplanning.mp3[/podcast] By News Highland – November 8, 2011 Newsx Adverts Previous articleDerry to host Michael D Higgins first offical visit to the northNext articleSenator O’Domhnaill seeks septic tank charge debate for a 2nd time News Highland 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Councillors concerned over impact new rules may have on CDP Google+center_img Man arrested in Derry on suspicion of drugs and criminal property offences released Twitter Google+ Pinterest Dail to vote later on extending emergency Covid powers Minister McConalogue says he is working to improve fishing quota RELATED ARTICLESMORE FROM AUTHOR WhatsApp Facebook Dail hears questions over design, funding and operation of Mica redress scheme last_img read more

Police discover bomb in Derry – 4 men arrested

first_img Police discover bomb in Derry – 4 men arrested WhatsApp Dail hears questions over design, funding and operation of Mica redress scheme Facebook A bomb has been found in a car stopped by police in Derry overnight.The car was stopped in Westway in the Creggan area – four men, all aged in their 40s, were arrested.Some residents were forced to leave their homes while the Army dealt with the bomb, which was described as a viable improvised explosive device.Police said the arrests were made as part of an investigation into ongoing dissident republican activity.Foyle MLA Pat Ramsey says that while it is welcome the device was intercepted, more disruption has been caused to the people of Derry:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/12/ramraBOMB.mp3[/podcast] Twitter Facebook WhatsApp By News Highland – December 7, 2012 Man arrested in Derry on suspicion of drugs and criminal property offences released Twitter Pinterestcenter_img Dail to vote later on extending emergency Covid powers Google+ Watch: The Nine Til Noon Show LIVE Google+ News Previous articleBudget 2013 protest in Letterkenny on SaturdayNext articleCouncil still waiting for meeting with Taoiseach on A5 funding News Highland Pinterest RELATED ARTICLESMORE FROM AUTHOR HSE warns of ‘widespread cancellations’ of appointments next week PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegallast_img read more