How Is Debt Impacting Owning a Home?

first_img Demand Propels Home Prices Upward 2 days ago Share Save 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. in Daily Dose, Featured, News debt Home Ownership Housing Market 2019 2019-05-29 Mike Albanese A recent survey by Freedom Debt Relief concluded that 28% of Americans said the biggest barrier to buying a home in 2019 is the cost of a down payment.Additional barriers reported by those surveyed include a lack of savings (27%), the cost of a monthly payment (26%), and the amount of debt they had (19%).The generational gap is also evident in the survey, as 43% of respondents who are Gen Z (age 18-21) consider the lack of overall savings to be the biggest barrier. Thirty-six percent said the monthly payment was the biggest barrier and 35% said it was the down payment.While it is being reported millennials (age 22-37) are becoming more focused on homeownership, 39% said the cost of the down payment was the biggest barrier.A recent survey from SunTrust found that nearly half of millennials (48%) who have been married said they, and/or their spouse, owned a home before marriage.”People are choosing from many different paths and reaching common life milestones at a wider age span than before, changing when they decide to purchase a home,” said Sherry Graziano, Mortgage Transformation Officer at SunTrust.The Freedom Debt Relief survey also found the different generations carry different types of debt with them. Student loan debt was the biggest form of debt for Gen Z respondents at 32%. Millennials were more diverse, with 47% carrying credit card debt and 35% with student loan debt.Nearly 55% of Gen X (age 38-53) respondents said they were carrying credit card debt and 40% said they had mortgage debt.The Silent Generation (age 73 and older) had the most respondents who are carrying no debt at 45%, which is followed by Gen Z at 39%. Just 16% of millennials say they are carrying no debt, and that number falls to 13% for Gen X responders.All generations agreed that the biggest barrier to increase savings is everyday expenses, as more than 30% of each generation came to that conclusion in the survey. The Best Markets For Residential Property Investors 2 days ago Subscribe Home / Daily Dose / How Is Debt Impacting Owning a Home? Previous: The Growth of Real Estate Investment Trusts Next: Where Housing Affordability Is Improving Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Tagged with: debt Home Ownership Housing Market 2019 How Is Debt Impacting Owning a Home? Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago May 29, 2019 1,540 Views last_img read more

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Foreclosure Auctions Indicate Strong Housing Market

first_img Demand Propels Home Prices Upward 2 days ago Subscribe 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. Previous: How Americans Feel About Mortgage Debt Next: Tax Abatements and Home Loan Performance Demand Propels Home Prices Upward 2 days ago Related Articles  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Investment, News Home / Daily Dose / Foreclosure Auctions Indicate Strong Housing Market Auction.com’s January “Super Tuesday” foreclosure auction event indicated a strong housing market, according to an analysis by Auction.com. Daren Blomquist, VP, Market Economics at Auction.com notes that views on the Auction.com mobile app Foreclosure Interact feature jumped 51% on Tuesday, Jan. 7, 2020.“Super Tuesday” is a monthly event held by Auction.com on the first Tuesday of every month, with properties in Georgia and Texas up for sale.“Given that Auction.com accounts for close to 50 percent of all foreclosure auction sales nationwide, the sharp increases in views on Foreclosure Interact—which allows prospective auction buyers to engage with live foreclosure auctions from their mobile devices—certainly indicates strong demand from real estate investors and other distressed property buyers to kick off the new year,” Blomquist said.The top three markets metro areas with the most Foreclosure Interact views on Jan. 7 were all in Georgia and Texas: Atlanta, Dallas, and Austin, which Auction.com calls “unsurprising” given the event. However, six of the top 10 metro areas with the most screen views were outside of Texas, indicating an increased volume of remote buyers: New York, Phoenix, Los Angeles, San Francisco, Seattle and Chicago.Auction.com also notes that there is a strong correlation between mobile app views and the National Association of Realtors (NAR) existing home sales data, as “demand in the distressed market is also a reliable leading indicator of sales strength in the larger retail housing market.”“The out-of-state increases in Foreclosure Interact views on Super Tuesday indicates that these events are attracting interest even from real estate investors living outside the two states where Super Tuesday auctions occur,” Blomquist adds. “That’s somewhat surprising given that prospective bidders typically need to be physically present at the foreclosure auction events—or have a proxy bidder present—to bid on properties brought to auction.” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Savecenter_img Auction Foreclosure Housing Market Sales 2020-02-06 Seth Welborn About Author: Seth Welborn February 6, 2020 1,637 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Foreclosure Auctions Indicate Strong Housing Market The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Auction Foreclosure Housing Market Saleslast_img read more

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Gaps in Mortgage Payment Ability

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Gaps in Mortgage Payment Ability 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, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Previous: Veteran Owned Financial Services Company Launches Next: CFPB Releases LIBOR Transition Rules Tagged with: default HOUSING Race The Best Markets For Residential Property Investors 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Gaps in Mortgage Payment Ability Related Articles default HOUSING Race 2020-06-04 Seth Welborncenter_img 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 About Author: Seth Welborn The Week Ahead: Nearing the Forbearance Exit 2 days ago Analyzing data from the Census Bureau Household Pulse Survey, the Urban Institute identified how black homeowners were more likely to miss or defer mortgage payments in May and reported higher uncertainty for June payments.The Pulse survey also reveals significant differences in ability to pay mortgages this month and who expects to be able to pay next month. Among people with mortgages, 28% of Black homeowners did not pay or deferred their mortgage in May, compared with only 9% of white homeowners. Latino and Asian American homeowners with mortgages paid this month at rates of 15% and 11%, respectively.The prospects for June look a bit different, Urban notes. Black and latino homeowners with mortgages expressed similar rates of concern about paying their mortgages—27% and 25%, respectively, had slight or no confidence—compared with only 10 percent of whites. Asian American homeowners were more concerned about paying their mortgages than a month ago: 18 percent had slight or no confidence.”As these data suggest, the policy and programmatic responses to the COVID-19 crisis and its impact on housing stability cannot take a one-size-fits-all approach; rather we need race-conscious interventions that address the needs of renters and homeowners of color. In addition, policy solutions should focus on meeting the needs of lower-income renters who faced housing instability before the crisis began and now face the greatest risk of eviction,” said Urban researchers.Urban researchers suggest dramatically scaling up housing counseling, mediation, and loss mitigation programs to ensure borrowers have safe and affordable options for exiting those forbearance plans and do not face penalties or adverse outcomes as they work to get back on solid financial footing. Programs must remain focused on keeping people in their homes and avoiding a new wave of defaults and foreclosures, which would create a housing market crash a few months from now. Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago June 4, 2020 1,242 Views The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

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Forbearance Volume Continues to Slide

first_imgHome / Daily Dose / Forbearance Volume Continues to Slide Demand Propels Home Prices Upward 1 day ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 1 day ago Sign up for DS News Daily Forbearance Volume Continues to Slide About Author: Eric C. Peck Share Save 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 While an estimated 2.3 million homeowners are in forbearance plans, the latest Forbearance and Call Volume Survey from the Mortgage Bankers Association (MBA) has found that the number of loans now in forbearance reached 4.50%, down 16 basis points from last week’s share of 4.66% of servicers’ portfolio volume.By investor type, the share of Fannie Mae and Freddie Mac loans in forbearance decreased relative to the prior week, from 2.52% to 2.44%, and the number of Ginnie Mae loans in forbearance fell from 6.33% to 6.16%. The share of other loans (e.g., portfolio and PLS loans) in forbearance decreased relative to the prior week: from 8.65% to 8.34%. The percentage of loans in forbearance for independent mortgage bank (IMB) servicers decreased 17 basis points to 4.72%, and the percentage of loans in forbearance for depository servicers declined 13 basis points to 4.67%.“The share of loans in forbearance decreased for the seventh straight week and has now dropped 40 basis points in the last two weeks. The forbearance share decreased for all three investor categories, with the rate for portfolio and PLS loans decreasing by 31 basis points this past week—the largest drop across investor categories,” said Mike Fratantoni, MBA’s Senior Vice President and Chief Economist. “Forbearance exits increased for portfolio and PLS loans, but decreased for GSE and Ginnie Mae loans. More than 36% of borrowers in forbearance extensions have now exceeded the 12-month mark.”By stage, 13.1% of total loans in forbearance were in the initial forbearance plan stage, while 82.1% were in a forbearance extension. The remaining 4.8% are forbearance re-entries.Servicer call centers found that the percentage of calls decreased from the previous week, from 8.5% to 7.9%, with the average call time coming in at exactly eight minutes“Economic data on home construction and consumer spending in March show a strong housing market and a quickened pace of economic activity,” said Fratantoni. “Combined with the homeowner assistance and stimulus payments that many households are receiving, we expect that the forbearance numbers will continue to decline in the months ahead, as more individuals regain employment. Homeowners who are still facing hardships and need to extend their forbearance term should contact their servicers.” Previous: FHA Revises Standard Single-Family Servicing Policies Next: Servicers Keep Ahead of Potential Foreclosure Wavecenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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. The Best Markets For Residential Property Investors 2 days ago Tagged with: Forbearance Forbearance and Call Volume Survey Ginnie Mae Mike Fratantoni Mortgage Bankers Association (MBA) The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles in Daily Dose, Featured, Journal, News Servicers Navigate the Post-Pandemic World 2 days ago Forbearance Forbearance and Call Volume Survey Ginnie Mae Mike Fratantoni Mortgage Bankers Association (MBA) 2021-04-19 Eric C. Peck  Print This Post The Best Markets For Residential Property Investors 2 days ago April 19, 2021 901 Views last_img read more

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Major cross border project launched in Pettigo – Tullyhommon

first_imgNews Google+ Facebook Google+ An 8.3 million euro regeneration project on the Donegal Fermanagh border has moved to construction phase from today. The ‘Termon Project’  will see a major revitalisation and the provision of cross-community facilities in the border villages of Pettigo and Tullyhommon.It was formally launched this afternoon by Junior Minister Dinny Mc Ginley and Stormont Minister Nelson Mc Causland. Donegal County Council has been the lead partner in the development of the project, which includes the construction of a Multi purpose venue and playschool, a Youth Hub and a Riverside Park and footbridge along both sides of the Termon River.Local development committees and Fermanagh District Councils are also partners in the project.Minister Dinny Mc Ginley says it’s a significant development……….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/11/pettigo.mp3[/podcast] By News Highland – November 15, 2012 Help sought in search for missing 27 year old in Letterkenny WhatsApp Major cross border project launched in Pettigo – Tullyhommon 448 new cases of Covid 19 reported today Facebook Twittercenter_img Twitter Pinterest Previous articleDonegal woman raped by her Godfather awarded €2.8 millionNext articleDerry woman disgusted at suspension of inquest into brother’s shooting News Highland RELATED ARTICLESMORE FROM AUTHOR WhatsApp Pinterest Calls for maternity restrictions to be lifted at LUH Three factors driving Donegal housing market – Robinson NPHET ‘positive’ on easing restrictions – Donnelly Guidelines for reopening of hospitality sector publishedlast_img read more

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Wheelie bins making Letterkenny an eyesore – Cllr Kavanagh

first_img NPHET ‘positive’ on easing restrictions – Donnelly Google+ Facebook By News Highland – April 11, 2011 News Previous articleThousands turnout for Omagh peace walkNext articleEvery passenger that uses Donegal Airport costing taxpayer €69 News Highland Pinterest RELATED ARTICLESMORE FROM AUTHOR WhatsApp WhatsApp Wheelie bins making Letterkenny an eyesore – Cllr Kavanagh Calls for maternity restrictions to be lifted at LUH center_img A Letterkenny Councillor is urging residents to put their wheelie bins at the back of their houses, out of sight.Cllr Jimmy Kavanagh says he is sick of people leaving their rubbish bins at the front of their homes all week.The Fine Gael councillor is to raise a question at tonight’s town council meeting asking the council to advise residents to keep their bins out of view.Cllr Kavanagh says residents should take it upon themselves to keep their bins out of sight “except on collection day.”….[podcast]http://www.highlandradio.com/wp-content/uploads/2011/04/jkav1pm.mp3[/podcast] Three factors driving Donegal housing market – Robinson Twitter Google+ Facebook Guidelines for reopening of hospitality sector published Twitter Help sought in search for missing 27 year old in Letterkenny Pinterest 448 new cases of Covid 19 reported today last_img read more

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Donegal islands receive over €100,000 from Government in funding

first_img Twitter WhatsApp RELATED ARTICLESMORE FROM AUTHOR Donegal islands receive over €100,000 from Government in funding News Calls for maternity restrictions to be lifted at LUH LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest Google+ By News Highland – August 8, 2012 WhatsApp Guidelines for reopening of hospitality sector published center_img Twitter The Government has announced grants totalling just over 110,000 euro for Donegals islands today.81,000 euro will be sanctioned by the Department of Arts, Heritage and the Gaeltacht, while Donegal County Council will sanction the rest of the grant.The money will be spent on improvement works on Arranmore and Tory Islands on various facilities serving the islands.Minster Dinny McGinley said improvement works on the islands roads are needed….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/08/din1pm.mp3[/podcast] Previous articleStrabane’s first pedestrian bridge gets go ahead after cash boostNext article17 on trolleys in Northwest Hospitals News Highland Google+ Facebook Three factors driving Donegal housing market – Robinson Facebook Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

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Whale found at Mullaghderg to be examined this afternoon

first_img Pinterest Google+ Pinterest Facebook WhatsApp Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector published LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Three factors driving Donegal housing market – Robinson Whale found at Mullaghderg to be examined this afternoon Google+center_img Twitter RELATED ARTICLESMORE FROM AUTHOR There’s been another dead whale found on a West Donegal beach, this one at Mullaghderg close to Donegal Airport, about three miles from Rutland Island, where 33 dead pilot whales washed up a week ago.This latest whale was found yesterday by photographer John Rafferty of the Irish Skippers magazine……[podcast]http://www.highlandradio.com/wp-content/uploads/2010/11/john2pm.mp3[/podcast]The Irish Whale and Dolphin Group is due to examine the Mullaghderg carcass later today. A spokesperson has indicated the probability is the carcass is one which was washed off the beach at Rutland during Thursday’s storms, but they cannot say for certain until they have examined the carcass. News Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitter Facebook Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey By News Highland – November 13, 2010 Previous articleFG spokesperson claims major support for his health policy at LGHNext articleFianna Fail ministers told to avoid ‘posh hotels’ News Highland last_img read more

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Crisis in the gardaí “growing by the day” – Deputy MacLochlain

first_img Facebook Donegal Deputy Padraig MacLochlain has said it is now clear the the crisis in the gardaí is “growing by the day”.The Sinn Fein Justice Spokesperson was responding to the vote of no confidence in the Minister for Justice, Alan Shatter by the Garda Representative Association (GRA).The GRA passed a motion of no confidence in him yesterday.In a statement last night, Minister Shatter said “spats” occur between Justice Ministers and Garda Representatives from time to time – and he has urged both sides to get on with their jobs. Pinterest Crisis in the gardaí “growing by the day” – Deputy MacLochlain Twitter Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter Calls for maternity restrictions to be lifted at LUH Previous articleTwo arrests in Derry as part of dissident republican investigationNext articlePeople in Buncrana invited to become involved in town development plan News Highland Pinterest RELATED ARTICLESMORE FROM AUTHORcenter_img Google+ WhatsApp By News Highland – February 15, 2013 Almost 10,000 appointments cancelled in Saolta Hospital Group this week News Guidelines for reopening of hospitality sector published Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey WhatsApp Facebook Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

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Mac Lochlainn says Buncrana Education campus must be prioritised

first_img Facebook A Donegal Senator is urging the Goverment to make up for lost time and prioritise the three school campus in Buncrana.It was confirmed over the weekend that a site has been selected for the development, 11 years since the selection process began.Donegal Senator Pádraig Mac Lochlainn says he will asking the Education Minister, Richard Bruton to speed up the stages that will follow in order to bring the project to fruition:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/07/podsite1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter By admin – July 4, 2016 Homepage BannerNews Pinterest Facebook Calls for maternity restrictions to be lifted at LUH RELATED ARTICLESMORE FROM AUTHOR Nine Til Noon Show – Listen back to Wednesday’s Programme Twitter Previous articleBlaney urges high turnout at speed limit consultationNext articleOver 500 dogs impounded in Donegal last year admin center_img Guidelines for reopening of hospitality sector published Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Google+ GAA decision not sitting well with Donegal – Mick McGrath Google+ WhatsApp WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Mac Lochlainn says Buncrana Education campus must be prioritisedlast_img read more

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