Loading...

Month: May 2021

HUD Awards New Mortgagee Compliance Manager Contract for $42 Million

first_imgHome / Daily Dose / HUD Awards New Mortgagee Compliance Manager Contract for $42 Million Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago June 16, 2015 1,799 Views Subscribe Bethsesda, Maryland-based IT and logistical support provider Information Systems & Network (ISN) Corporation has been awarded the contract to serve as Mortgagee Compliance Manager (MCM) for the U.S. Department of Housing and Urban Development (HUD).The MCM contract was awarded to ISN for the amount of $42,048,600. Neither HUD nor ISN could immediately be reached for comment on the awarding of the MCM contract.According to HUD, the MCM position was established in 2010 as a way to centralize the Department’s compliance functions into a single point of contact, and was installed as the “first phase implemented under the new M&M (Management & Marketing) III property disposition procedures.”The MCM for HUD is responsible for ensuring that lenders and loan servicers approved by the Federal Housing Administration (FHA) convey foreclosed properties to FHA in acceptable condition, according to HUD. The M&M III procedures were put in place to simplify and centralize the process of conveying foreclosed properties to FHA for FHA lenders and servicers. The M&M III procedures were also implemented to “improve communication and the dissemination of program guidance and requirements, according to HUD.In 2010, when the position was established, the MCM contract was awarded to real estate solutions provider Michaelson, Connor & Boul, based in California and Oklahoma, which held the contract for five years. in Daily Dose, Featured, Government, News  Print This Post 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. Share Save Previous: FHFA: Uncertainty Remains as to GSEs’ Financial Sustainability Next: DS News Webcast: Wednesday 6/17/2015 Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Compliance HUD Mortgagee Compliance Manager Property Preservation 2015-06-16 Brian Honea Tagged with: Compliance HUD Mortgagee Compliance Manager Property Preservation HUD Awards New Mortgagee Compliance Manager Contract for $42 Million Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Fannie Mae Nets Nearly $3 Billion in Reperforming Loan Sale

first_img Fannie Mae, in working with Citigroup Global Markets, announced on Tuesday that they have sold 13,500 loans with a cumulative unpaid principle balance (UPB) of $2.99 billion in their third reperforming loan sale.The collection of loans were divided into three groups and sold off to a single bidder: DLJ Mortgage Capital, Inc (Credit Suisse). The first and largest pool of loans was comprised of 5,179 loans with a total UPB of $1,147,189,914. Their average loan size is $221,508.00 and highest weighted loan rate of the three groups at 4.45 percent. The weighted average broker’s price opinion (BPO) loan-to-value ratio is 94.9 percent, the second riskiest acquisition of the three. The second group of loans had 5,096 in it, and a total UPB of $1,120,135,737. This pool also has the highest BPO loan-to-value ratio at 112.65 percent. Median loan size was $219,808.86 and the weighted average note rate was 4.43 percent. The smallest pool, at 3,254 loans valued at $731,116,035. Houses in this group had an average loan size of $224,682.25, and the lowest weighted note rate of 3.86 percent. This final group also had the lowest BPO, sitting at 93.19 percent. Fannie Mae expects to close on the bid of this sale July 21, and originally announced the winner of this bid back on May 10. The lender first started selling reperforming loans on October 11, 2016 to investors, nonprofits, and public sector organizations to try to reduce inventory in its retained mortgage portfolio. Fannie Mae is required by the Senior Preferred Stock Purchase Agreement with the U.S. Treasury to meet portfolio reduction targets.  Print This Post Fannie Mae Nets Nearly $3 Billion in Reperforming Loan Sale in Daily Dose, Events, Featured, Government, News, Secondary Market June 13, 2017 1,135 Views Subscribe Tagged with: Credit Suisse Fannie Mae reperforming loan Home / Daily Dose / Fannie Mae Nets Nearly $3 Billion in Reperforming Loan Sale Credit Suisse Fannie Mae reperforming loan 2017-06-13 Staff Writer Demand Propels Home Prices Upward 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 Demand Propels Home Prices Upward 2 days ago About Author: Staff Writer Previous: U.S. v. Shapiro: When is a Lie OK? Next: Florida Carries Southern Region in Domestic Migration 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 Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Related Articleslast_img read more

Chase Devotes $30B to Underserved Communities’ Financial Wellbeing

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago October 8, 2020 1,535 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Chase Devotes $30B to Underserved Communities’ Financial Wellbeing The Best Markets For Residential Property Investors 2 days ago Previous: Fitch: Remote Work Will Not Affect RMBS Rating Next: Virtual Event Helps Build Homes for Wounded Vets JPMorgan Chase this week announced its plan to commit $30 billion toward philanthropic work aimed at advancing racial equity.The announcement outlines how the company plans to distribute these funds across multiple efforts. The announcement details how the company will promote affordable housing and homeownership in underprivileged communities across the country, help grow Black- and Hispanic/Latinx-owned businesses, improve financial health and access to banking in communities of color, build a more diverse and inclusive workforce within the company, advocate for policy reform, and partake in other philanthropy.“Systemic racism is a tragic part of America’s history,” said Jamie Dimon, Chairman and CEO, JPMorgan Chase & Co. “We can do more and do better to break down systems that have propagated racism and widespread economic inequality, especially for Black and Latinx people. It’s long past time that society addresses racial inequities in a more tangible, meaningful way.”Aiding communities of color with affordable housing is one of the top priorities outlined in the JPMorgan Chase announcement. Finding affordable housing in terms of rental opportunities as well as homeownership is a major struggle for Black and Latinx communities across the country. Homeownership is 25% lower among Black and Latinx families.JPMorgan Chase aims to address this by originating an additional 40,000 home purchase loans for Black and Latinx households over the next five years by committing $8 billion in mortgages. The company also intends to “help an additional 20,000 Black and Latinx households achieve lower mortgage payments by providing up to $4 billion in refinance loans over the next five years.”JP Morgan aims to provide more educational opportunities and counseling programs to help more Black and Latinx communities achieve sustainable homeownership. The company also plans to take action from a policy perspective by working with the U.S. Department of Housing and Urban Development (HUD) and advocating for comprehensive housing reforms to increase access to homeownership.The company will finance an additional 100,000 affordable rental units over the next five years by providing “$14 billion in new loans, equity investments and other efforts to expand affordable housing in underserved communities.”JP Morgan is also committing to the growth of Black- and Latinx-owned businesses, who often face numerous challenges while developing and scaling their businesses. The firm plans to offer an additional 15,000 loans to small businesses in majority-Black and -Latinx communities by devoting $2 billion in loans over the next five years.The investment bank’s efforts towards supporting these businesses will also include launching a new program to help entrepreneurs in underserved areas gain access to coaching, technical assistance and capital. There will also be an expansion of the Entrepreneurs of Color Fund to support more Black and Latinx small business owners.The company will also be working on a digital lending product to better help small Black- and Latinx-owned businesses looking for quick access to capital. In regards to policy, JPMorgan Chase will advocate for Small Business Administration reforms and more COVID-19 aid.To help improve the overall financial health of Black and Latinx households, JPMorgan Chase will “help one million people open new low-cost checking or savings accounts” and hire 150 new community managers while opening new Community Center branches in underserved communities. The company also intends to support a federal wealth and savings agenda.The firm outlines how it will make efforts to build more diversity and inclusion in its workforce by holding executives accountable for helping improve companywide diversity. JPMorgan plans to invest in its employees by providing financial coaching and starting a new program to upskill and reskill employees, and offering paid time off to vote.The company plans to invest in start-up companies offering opportunities in underserved communities and will partner with Historically Black Colleges and Universities (HBCU).Lastly, JPMorgan Chase intends to get involved in philanthropy by providing $2 billion in philanthropic capital over the next five years. The firm’s philanthropic efforts will also include investing in research pertaining to financial and housing struggles Black and Latinx families face, supporting diverse-led non-profit organizations, and offering “low-cost loans and philanthropy to improve housing stability and affordability for Black and Latinx households.”  Print This Post Demand Propels Home Prices Upward 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Affordable Housing diverse communities JPMorgan Chase minority homeownership in Daily Dose, Featured, News Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Affordable Housing diverse communities JPMorgan Chase minority homeownership 2020-10-08 Cristin Espinosa Home / Daily Dose / Chase Devotes $30B to Underserved Communities’ Financial Wellbeing Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Cristin Espinosa is a reporter for DS News and MReport. She graduated from Southern Methodist University where she worked as an editor and later as a digital media producer for The Daily Campus. She has a broadcast background as well, serving as a producer for SMU-TV. She wrote for the food section during her fellowship at The Dallas Morning News and has also contributed to Advocate Magazine and The Dallas Observer. Share Save Sign up for DS News Daily About Author: Cristin Espinosalast_img read more

Police poised to launch Bloody Sunday murder inquiry

first_img RELATED ARTICLESMORE FROM AUTHOR NPHET ‘positive’ on easing restrictions – Donnelly By News Highland – July 5, 2012 Facebook Pinterest Newsx Adverts Previous articleDonegal child abuse victim’s High Court compensation action put on holdNext articleScrapping of ‘Donegal on Sunday’ and job losses at the Donegal Democrat News Highland Three factors driving Donegal housing market – Robinson WhatsApp Pinterest Twitter Google+center_img Police poised to launch Bloody Sunday murder inquiry The PSNI is preparing to launch a murder inquiry into the deaths of 13 people on Bloody Sunday.It follows a review of the findings of the Saville inquiry, which found that none of those killed by British soldiers in Derry in January 1972 were armed.British Prime Minster David Cameron apologised to the victims’ families, after the report was published describing the killings as “unjustified and unjustifiable.The Police Service of Northern Ireland has cautioned that its murder investigation could take four years to complete. 448 new cases of Covid 19 reported today Help sought in search for missing 27 year old in Letterkenny Calls for maternity restrictions to be lifted at LUH WhatsApp Twitter Facebook Google+ Guidelines for reopening of hospitality sector publishedlast_img read more

Irish-American businessman and singer receive honorary degrees from Magee

first_img Three factors driving Donegal housing market – Robinson Google+ Twitter Previous articleTip O’Neill Donegal Diaspora Award formally launched in BuncranaNext articleBeach restrictions at Rossnowlagh and Murvagh lifted News Highland Twitter NPHET ‘positive’ on easing restrictions – Donnelly Pinterest Google+ WhatsApp 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 Irish-American businessman and singer receive honorary degrees from Mageecenter_img WhatsApp Pinterest Facebook Calls for maternity restrictions to be lifted at LUH RELATED ARTICLESMORE FROM AUTHOR A leading Irish-American businessman has received an honorary degree from the University of Ulster this morning at the Millennium Forum in Derry for his services to peace and reconciliation.Bill Flynn, the former chairman of Mutual of America, was previously awarded a CBE in recognition for his work in the Northern Ireland peace process.Mr Flynn was one of several Irish-Americans who were pivotal in persuading the US authorites to grant a visa to Gerry Adams in 1994 which is seen as a key stage in the peace process.Gary Lightbody, the lead singer of Snow Patrol also receieved an Honoury Degree today for services to the music industry. Facebook Guidelines for reopening of hospitality sector published News By News Highland – July 10, 2012 last_img read more

Councillor predicts Budget 2014 meeting will be an unprecedented farce

first_img Twitter Google+ Need for issues with Mica redress scheme to be addressed raised in Seanad also RELATED ARTICLESMORE FROM AUTHOR News Guidelines for reopening of hospitality sector published Councillor predicts Budget 2014 meeting will be an unprecedented farce Almost 10,000 appointments cancelled in Saolta Hospital Group this week Previous article‘Concern’ at removal of Catholic Chapel at Letterkenny GeneralNext articleStrabane records to highlest level of noise complaints in NI News Highland Facebook WhatsApp Twittercenter_img Facebook Pinterest A Donegal councillor is predicting that next week’s Budget Meeting will be an unprecedented farce which will have to be adjourned.Cllr Marie Therese Gallagher was speaking after the publication of the council’s proposed 2014 budget book, which anticipates spending of just over 138 million euro next year, with rents and commercial rates being frozen.However, Cllr Gallagher says with continued uncertainty over the takeover of water services and the failure of Minister Phil Hogan to provide details of the Local Government Fund, the County Manager and Finance Department staff must work off what she says are fictional figures based on hearsay.She believes it will be impossible to reach any decisions in the absence of detailed government figures:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/12/maritrs1FARCE.mp3[/podcast] Pinterest By News Highland – December 13, 2013 Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Google+ Calls for maternity restrictions to be lifted at LUH last_img read more

Warning issued after another border carjacking

first_img WhatsApp Google+ By News Highland – February 8, 2012 Previous articleDonegal man to walk to Dublin in protest against austerity measuresNext articleRow between Killybegs fishing reps rumbles on News Highland Pinterest People, particularly women, are being urged to take extra safety precautions in the wake of an increase in carjackings.That is the message from Derry City Cllr John Boyle who has condemned those responsible for robbing a woman in the car park of a retail store in the Buncrana Road area of Derry last evening.The public is now being warned to be alert when approaching their vehicle, to try and park in well-lit busy areas and to report any suspicious activity.Councillor Boyle says it was a shocking experience for the woman involved: Facebook Warning issued after another border carjacking Twitter Facebook Twitter Need for issues with Mica redress scheme to be addressed raised in Seanad also center_img Minister McConalogue says he is working to improve fishing quota WhatsApp 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Newsx Adverts RELATED ARTICLESMORE FROM AUTHOR Pinterest Dail hears questions over design, funding and operation of Mica redress scheme Google+ Man arrested in Derry on suspicion of drugs and criminal property offences released Dail to vote later on extending emergency Covid powerslast_img read more

Elderly woman injured in Strabane attack

first_img Elderly woman injured in Strabane attack Twitter By News Highland – March 21, 2010 Pinterest WhatsApp News Man arrested in Derry on suspicion of drugs and criminal property offences released Google+ Previous articleDetailed extracts of the Pope’s letter to Irish CatholicsNext articleGAA – Donegal win but Tyrone and Derry now in relegation battle News Highland Facebook Pinterest RELATED ARTICLESMORE FROM AUTHORcenter_img HSE warns of ‘widespread cancellations’ of appointments next week WhatsApp The 67-year-old woman has been attacked a teenager in Strabane.Shehad just left her home in the Melmount Road area of the town on Saturday evening when she was attacked by the boy.Polie say he punched the woman in the face and as she fell, tried to grab her bag which was attached to a wheeled walking aid.The tenager  made off empty-handed when a number of witnesses stopped to help.The woman was treated in hospital for shock and a facial injury.Her attacker is described as 13 to 14-years-old, tall and wearing a black top. PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Twitter Dail to vote later on extending emergency Covid powers Man arrested on suspicion of drugs and criminal property offences in Derry Facebook Dail hears questions over design, funding and operation of Mica redress scheme Google+last_img read more

Donegal anti-austerity groups confirm they’ll run candidates in local elections

first_img Further drop in people receiving PUP in Donegal Facebook RELATED ARTICLESMORE FROM AUTHOR Twitter Gardai continue to investigate Kilmacrennan fire Man arrested on suspicion of drugs and criminal property offences in Derry Pinterest WhatsApp Previous articleHarps look to crack Drogs at second attemptNext articlePSNI in Strabane warn of dangers of legal highs News Highland Facebook WhatsApp 75 positive cases of Covid confirmed in North center_img Google+ Main Evening News, Sport and Obituaries Tuesday May 25th Twitter By News Highland – September 16, 2013 Donegal anti-austerity groups confirm they’ll run candidates in local elections 365 additional cases of Covid-19 in Republic Donegal Action Against Austerity and the Donegal Campaign Against Home and Water Taxes have confirmed that they will be running candidates in next years local elections.The Anti-Austerity groups are hopeful of running one running candidate in each electoral area in the county.As of yet the only person confirmed to run is Joe Murphy in Inishowen, but Owen Curran and Laurence McManus are also expected to run.Spokesperson, Owen Curran, says he believes the support is out there for them to get a number of members elected:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/09/owenc.mp3[/podcast] Pinterest News Google+last_img read more

More power and phone outages on the cards as winds pick up again

first_imgNews 75 positive cases of Covid confirmed in North Google+ Twitter Google+ Facebook Main Evening News, Sport and Obituaries Tuesday May 25th Gardai continue to investigate Kilmacrennan fire High winds and lightening have caused widespread power outages and disruption to phone and broadband services.Met Eireann has issued a Yellow weather warning for today, with high winds affecting many parts of the country.An Orange alert for the entire country has been issued for Christmas Eve.The ESB says that electiricity service has now returned to normal levels, with just 26 customers in the Milford area without power in Donegal, and 300 nationally.Meanwhile, five and a half thousand Eircom customers are currently without phone and broadband services this morning, with the North West and South East the worst affected areas.Widespread structural damage has been caused to telephone polls, as well as to customers’ in-home wiring.Customers who experience faults with the service are asked to report the problem as soon as possible. Facebook Pinterest By News Highland – December 23, 2013 center_img More power and phone outages on the cards as winds pick up again Man arrested on suspicion of drugs and criminal property offences in Derry Previous articleBundoran nightclub cancels plans to open after midnight on Christmas nightNext articleDallat says resolution of Coleraine DVA job fears would help peace process News Highland Pinterest WhatsApp Twitter WhatsApp Further drop in people receiving PUP in Donegal RELATED ARTICLESMORE FROM AUTHOR 365 additional cases of Covid-19 in Republic last_img read more