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Finding a Home in this Day and Age

May 31, 2021 | By admin | No Comments | Filed in: ercinbyyl.

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: The Industry Pulse: Updates on Black Knight, Gateway Mortgage, and More Next: Home Bank Implements Mortgage Cadence LOS Platform Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago August 9, 2018 2,275 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save 2018-08-09 Kristina Brewer Finding a Home in this Day and Age Subscribe Home / Daily Dose / Finding a Home in this Day and Age in Daily Dose, Featured, Headlines, Journal, Market Studies, News The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Kristina Brewer is the Editorial Assistant of Publications for the Five Star Institute, including DS News and MReport magazine. She is a graduate of the University of North Texas (UNT), where she received her Bachelor of Arts in English with a concentration in rhetoric and writing and a minor in global marketing. During this time, she served as Director of Philanthropy in the national women’s fraternity Zeta Tau Alpha, of which she is an alumna. Her passion for philanthropy continued after university when she was an intern at Keep Denton Beautiful, a local partner of Keep America Beautiful, where she drove membership, organized events, and led social media campaigns. Brewer honed her writing at the North Texas Daily, UNT’s student-run newspaper where she wrote about faculty, mentorship, and student life. Brewer also previously worked at Optimus Business Plans where she helped start-ups create funding proposals, risk assessments, and management plans. Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago About Author: Kristina Brewer A recent report from Trulia questions the effect of your neighbors’ age on local home price and home buying opportunities. The report states that studying the ages of the people surrounding your neighborhood—or your perspective neighborhood—can give you a sense of affordability due to one impactful factor: jobs, and the young professionals who are chasing them.“This is where age enters the picture,” the report states. “The majority of the population in growing, high-industry areas are 20- to 64-years-old. The places that have been abandoned by outmigration—so much so that they will pay you to move there—tend to skew 65 and older.” This is showing researchers that prices are skyrocketing in locations where the young and hopeful flock, and that affordable housing may prove to be more feasible where the elder nest. Analysing the top 100 metros in the country shows that the three counties with the highest “working-age population” are home to some of the most popular professions, and the most difficult to find housing. Arlington and Alexandria, Virginia are two of the most popular counties for homeowners commuting to Washington, D.C., with housing demand and home values far exceeding the median. Arlington alone shows a home value median of  $672,700, as opposed to the national average of $217,300.Next in line comes San Fransisco, California, at no one’s surprise. Due to the high numbers of tech workers in the area, and the largest population “in their wage-earning prime,” the median home value for Silicon Valley is a whopping $1,359,000.On the other side of the spectrum and the country, Baltimore, Maryland, offers monetary incentives in order to draw residents back into the city. For homeowners looking to place new roots, the grass may be greener for their prospects in locations with populations under 20 and over 64 years of age. To read the full report, click here. The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

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Court Clarifies ‘Single-Satisfaction Rule’ After Mortgage Lien Avoidance

May 31, 2021 | By admin | No Comments | Filed in: fofabvlic.

first_img Servicers Navigate the Post-Pandemic World 2 days ago Court Clarifies ‘Single-Satisfaction Rule’ After Mortgage Lien Avoidance in Daily Dose, Featured, News  Print This Post February 25, 2020 822 Views 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. Subscribe Previous: The Housing and Economic Impact of Coronavirus Next: NMSA and HUD Work to Improve CWCOT Program Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Bankruptcy Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img Bankruptcy 2020-02-25 Seth Welborn Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Court Clarifies ‘Single-Satisfaction Rule’ After Mortgage Lien Avoidance Demand Propels Home Prices Upward 2 days ago In an examination of Jones v. Brand Law Firm PA (In re Belmonte), the U.S. Court of Appeals for the Second Circuit affirmed a lower court decision that a chapter 7 trustee’s avoidance of an unauthorized postpetition mortgage lien did not amount to a “double recovery” precluding the trustee from avoiding and recovering a transfer of the loan proceeds.JD Supra reports that like the lower courts, the Second Circuit concluded that the trustee’s recovery of a portion of the loan proceeds did not constitute a double recovery in violation of section 550. Because the transfer of the loan proceeds was avoided pursuant to section 549, the court reasoned that the trustee was permitted to seek recovery of either the transferred property or its value pursuant to section 550.“In so ruling, the court rejected the trustee’s argument that the trustee had already recovered the debtor’s interest in the proceeds of the loan when it approved the settlement avoiding and preserving the second mortgage,” JD Supra reports. “Rather, the Second Circuit panel found that the settlement gave the trustee only the rights of a lien creditor with respect to the property, and the second mortgage lien carried with it only the right to foreclose on the property in the event of default.”According to JD Supra, the courts’ conclusion that only one-half of the amount received by Brand was recoverable as “estate property” is interesting.The Second Circuit was not the only court of appeals to weigh in on the scope of the single-satisfaction rule in 2019, JD Supra notes. In Whitlock v. Lowe (In re Deberry), 2019 WL 7046904 (5th Cir. Dec. 23, 2019), the U.S. Court of Appeals for the Fifth Circuit ruled that a bankruptcy trustee may not recover transfers under section 550(a) if the payments were returned by the transferee to the debtor prior to the bankruptcy petition date. Noting that every other court to consider the question has reached this conclusion, the Fifth Circuit vacated the bankruptcy court’s determination that “the single-satisfaction rule does not apply to funds that were returned prior to the petition date.” Servicers Navigate the Post-Pandemic World 2 days ago Share Save Sign up for DS News Daily Related Articleslast_img read more

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The Week Ahead: Updates on COVID-19 Challenges

May 31, 2021 | By admin | No Comments | Filed in: kkcykwsge.

first_img About Author: Seth Welborn Previous: With Your Permission: Data and Default Servicing Next: 2.9M Homeowners in Forbearance Plans Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post April 17, 2020 1,100 Views Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 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 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. The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / The Week Ahead: Updates on COVID-19 Challenges This week, tune in to the latest episodes of DS5: Inside the Industry. On Tuesday, we’ll be speaking with Sean Ryan, CEO of Aspen Grove Solutions. He joins us to discuss a new white paper by Aspen that explores pressing industry concerns stemming from COVID-19, including loan modifications and property inspections.Later in the episode, we’ll be speaking with Christopher Whalen, an investment banker, author, and Chairman of Whalen Global Advisors LLC. He’ll be diving into the government’s response to the current pandemic, including servicer liquidity concerns and the long-term impact of mortgage forbearance programs.Then on Thursday, hear from Lawrence Yun, Chief Economist, SVP Research, NAR, and Eric Lapin, FVP, Old Republic Title. They will be discussing economic recovery, liquidity issues, and other impacts on the housing industry.In the past week, DS5 featured Robert Senko, President of ACC Mortgage, Sharron Levine, Director, Office of Minority and Women Inclusion, the Federal Housing Finance Agency (FHFA), Suzy Lindblom, COO for Planet Home Lending, and ServiceMac CEO Robert Caruso.You can watch every episode of DS5: Inside the Industry here.Here’s what else is happening in The Week Ahead:NAR Existing Home Sales (April 21)NAR New Home Sales (April 22) Related Articles in Daily Dose, Featured, Government, News The Week Ahead: Updates on COVID-19 Challenges Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily 2020-04-17 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

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CRT Securities Investors Face Potential Losses

May 31, 2021 | By admin | No Comments | Filed in: tdruvkbqd.

first_img  Print This Post Home / Daily Dose / CRT Securities Investors Face Potential Losses Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago While the CARES Act let millions of homeowners off the hook for mortgage payments during the COVID-19 pandemic, it placed servicers in the position of having to advance payments on behalf of the millions of borrowers who took up the forbearance offer this spring. The Federal Housing Finance Agency (FHFA) then stepped in to help servicers, capping their repayment obligations at four months.However, servicers are not the only ones vulnerable to the effects of unpaid mortgage loans, and another impacted group is calling for FHFA to save them from financial harm as well.Credit Risk Transfer (CRT) securities, which allow private investors to absorb some of the risks of Fannie Mae and Freddie Mac in order to shield taxpayers, are now vulnerable to losses while mortgages go unpaid in the short term. Some investors are calling on the FHFA to protect them from such losses, while others say the risk was part of the deal, according to a report by Bloomberg.Investors in the GSEs’ credit risk transfer securities could lose billions due to the forbearances allowed in the federal CARES Act, Bloomberg reported.Some investors have reportedly reached out to FHFA Director Mark Calabria on the issue but thus far have not received a response.Representatives from Franklin Resources and AllianceBernstein Holding LP spoke to Bloomberg, expressing their disapproval of the current situation.“This is not supposed to be a transaction where Fannie and Freddie walk away with a windfall and do not have losses,” Michael Canter, Director of Securitized Assets and U.S. Multisector Fixed Income at AllianceBernstein told Bloomberg. He said this would be “contrary to the spirit of the economic arrangement.”Similarly, Paul Varunok, a portfolio manager at Franklin Templeton told Bloomberg that “it is indeed possible that investors take losses while the GSEs could potentially profit.”Mirroring Canter’s comments, he added, “We do not believe this was in the spirit in which the program was incepted.”According to Bloomberg, some bondholders are already threatening to stop buying CRT securities.However, some feel that if Fannie Mae and Freddie Mac save the investors who signed up to absorb some of their risk, it would defeat the purpose of the program.“If they face losses that are ultimately absorbed by Fannie and Freddie, it would undermine the purpose of issuing CRT securities in the first place, said Douglas Holtz-Eakin, president of the American Action Forum,” according to Bloomberg.He reportedly told Bloomberg, “It was a valid contract, and they should adhere to it.”“A lot of investors were hurt in a lot of ways by the CARES Act. There’s nothing special about these guys,” he added.The Mortgage Bankers Association (MBA) reported that the total number of loans in forbearance fell by 38 basis points to 7.8% for the week ending on July 12, 2020. The MBA estimated that 3.9 million homeowners are still in forbearance plans.The MBA’s prior report found 8.18% of loans were in forbearance. Its latest survey covers the period from July 6 through July 12 and represents 75% of the mortgage market or 37.3 million loans. in Daily Dose, Featured, Foreclosure, Government, News The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: How Servicers are Handling Remote Working Next: Pandemic Creating Downward Pressure on Rental Market About Author: Krista F. Brock Tagged with: Coronavirus Credit Risk Transfer FHFA GSEs July 24, 2020 1,947 Views Servicers Navigate the Post-Pandemic World 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Related Articles Share Save CRT Securities Investors Face Potential Losses The Best Markets For Residential Property Investors 2 days ago Coronavirus Credit Risk Transfer FHFA GSEs 2020-07-24 Mike Albanese Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

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Homeowners of Color Benefiting Less From Forbearance Programs

May 31, 2021 | By admin | No Comments | Filed in: kkcykwsge.

first_img Related Articles Subscribe 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.  Print This Post December 3, 2020 1,455 Views in Daily Dose, Featured, Foreclosure, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Christina Hughes Babb Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 2020-12-03 Christina Hughes Babb Homeowners of Color Benefiting Less From Forbearance Programs Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Homeowners of Color Benefiting Less From Forbearance Programs Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Distressed Property Investing in the Coming Year Next: New Challenges for Self-Employed Borrowers The Best Markets For Residential Property Investors 2 days ago American borrowers in large part are taking advantage of The Coronavirus Aid, Relief, and Economic Security (CARES) Act, which granted up to 12 months of forbearance to homeowners with federally backed mortgages.However, because the CARES Act foreclosure moratorium does not cover borrowers with non-agency mortgages, those face a higher likelihood of losing their home, unless they have entered a privately agreed–upon forbearance plan.A study by the Urban Institute explores the challenges of “unprotected homeowners,” finding that Black and Brown Americans are more likely than White borrowers to have unprotected delinquencies and to experience adverse financial consequences of the pandemic. And of all the homeowners having trouble making their mortgage payments during this national health crisis, those of color are most likely to lose their homes. Perhaps, the researchers report, public policy could reduce some of these risks.As the Institue previously reported, some 400,000 borrowers are “needlessly delinquent,” meaning that although they are eligible, they have not entered forbearance agreements. Research associates Michael Neal and Caitlin Young report that a large share of needlessly delinquent homeowners hails from predominantly Black and Hispanic neighborhoods.”Based on an analysis of credit bureau and American Community Survey (ACS) data, we find that homeowners in predominantly Black or Hispanic neighborhoods are slightly more likely to be unprotected than those in predominantly white neighborhoods,” the researchers wrote. “This analysis corroborates other research findings illustrating that across many economic indicators, the pandemic has had a worse impact on communities of color.”The most significant consequence of this situation for unprotected borrowers, of course, is the threat of foreclosure. But a second major result is the damage unprotected delinquency has on credit scores.Many Americans are delinquent on their housing payments, but only those in formal forbearance programs are protecting their credit scores.The authors point out that today’s tight credit environment further burdens unprotected borrowers.”The combination of low credit scores and tight lending standards makes it impossible for these delinquent borrowers to refinance to lower their payment or extract home equity and makes it more difficult to get a personal loan at a reasonable rate to weather this crisis,” they noted. “Coming out of the pandemic, as the economy begins to recover, these borrowers will face limited access to credit for small business investments, mortgages, and other loans that could help them increase their wealth.”The study concludes that a solution lies in targeted policies and efforts—combined outreach from servicers, consumer groups, and the government—toward predominantly Black and Hispanic neighborhoods. And information should be offered in multiple languages to reach borrowers in communities with proportionately large non-English-speaking populations.Access the full study on Urban.org. Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

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Finding Ways to Communicate with Consumers Remotely

May 31, 2021 | By admin | No Comments | Filed in: yvkwizsuw.

first_img The Best Markets For Residential Property Investors 2 days ago Subscribe Previous: Mortgage Servicing Industry Mourns Loss Next: A ‘Paradigm Shift For The Better’ in Real Estate Finding Ways to Communicate with Consumers Remotely Share Save 2020-12-18 Cristin Espinosa In the latest episode of DS5’s Inside the Industry, we speak with Candace Russell, VP of Post Sale at Carrington. She provides insight into the complexities of forbearance and how the industry has adapted to working remotely.“There’s some real opportunities to engage with consumers in the way that they want to be engaged with and on the terms that they will respond,” Russell says. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News Home / Daily Dose / Finding Ways to Communicate with Consumers Remotely Related Articles The Week Ahead: Nearing the Forbearance Exit 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. Sign up for DS News Daily center_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Cristin Espinosa Demand Propels Home Prices Upward 2 days ago 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 The Best Markets For Residential Property Investors 2 days ago December 18, 2020 1,180 Views  Print This Post Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

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$1 Billion Joint Venture Focuses on SFR Market

May 31, 2021 | By admin | No Comments | Filed in: iuxgjddtb.

first_imgSubscribe Tagged with: Atlas Real Estate DivcoWest Ryan Boykin Tony Julianelle Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save 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. Home / Daily Dose / $1 Billion Joint Venture Focuses on SFR Market About Author: Eric C. Peck $1 Billion Joint Venture Focuses on SFR Market Related Articles Atlas Real Estate has entered into a joint venture partnership with DivcoWest to invest $250 million of equity in single-family homes as rentals throughout the Western U.S. The joint venture expects to deploy $1 billion acquiring and renovating homes in areas where Atlas currently manages more than 4,200 units, including Colorado, Arizona, Idaho, Nevada, and Utah.“DivcoWest’s partnership with Atlas is a testament to our decade-plus history as an acquisition partner and the long-standing relationships we have cultivated with institutional investors since our inception,” said Ryan Boykin, Co-Founder of Atlas Real Estate. “The start of this new joint venture also points to the strength of the SFR housing sector and to the full-service real estate investment platform Atlas has created.”Founded in 2013, Atlas Real Estate specializes in investment brokerage, property management, and institutional acquisition. Established in 1993, DivcoWest is a multidisciplinary investment firm headquartered in San Francisco.“The new partnership between Atlas and DivcoWest enables us to live up to our mission as a company: ‘To Uplift Humanity Through Real Estate,’” said Tony Julianelle, CEO of Atlas Real Estate. “The joint venture will function to increase the inventory of single-family rentals in Atlas-managed markets, presenting a tangible opportunity to serve people and create a positive resident experience, while helping meet the supply demands by providing high-quality housing.”On Wednesday, May 12, the Five Star Institute will present its 2021 Single-Family Rental Summit (SFRS) at The Four Seasons Resort and Club Dallas at Las Colinas. The in-person event brings together top subject matter experts and skilled SFR practitioners who will lead discussion panels and training sessions that will answer questions and offer viable solutions related to property acquisition and management, financing, strategies for small, midcap, and large investors, and new developments related to technology and professional services.More information about the agenda, registration, and other event details are available here. Sign up for DS News Daily April 27, 2021 778 Views The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Journal, News Governmental Measures Target Expanded Access to Affordable Housing 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 Previous: Could the ‘Wealth Effect’ Mean More Homes on the Market? Next: A Breakdown of FEMA’s New Flood Insurance Rating Procedures Demand Propels Home Prices Upward 2 days ago Atlas Real Estate DivcoWest Ryan Boykin Tony Julianelle 2021-04-27 Eric C. Peck Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

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More Millennial Homeowners Experiencing Buyer’s Remorse

May 31, 2021 | By admin | No Comments | Filed in: zuwcxmlkn.

first_img 13 days ago 1,038 Views Home / Daily Dose / More Millennial Homeowners Experiencing Buyer’s Remorse Demand Propels Home Prices Upward 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. Servicers Navigate the Post-Pandemic World 2 days ago About Author: Eric C. Peck Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Servicers and Regulators Unite for Struggling Borrowers Next: Activist Legal Names Chris Pummill President of Operations Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Journal, Market Studies, News More Millennial Homeowners Experiencing Buyer’s Remorse Demand Propels Home Prices Upward 2 days agocenter_img  Print This Post Tagged with: Angelica Olmsted Baby Boomers Bankrate Mark Hamrick Millennials RE/MAX Professionals Cherry Creek Sign up for DS News Daily Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Angelica Olmsted Baby Boomers Bankrate Mark Hamrick Millennials RE/MAX Professionals Cherry Creek 2021-05-17 Eric C. Peck A new report from Bankrate has found that more and more millennials are experiencing homebuyers remorse after purchasing what was thought to be that home of their dreams.The study found that nearly two-thirds of millennial homebuyers have expressed some degree of regret. The survey found that the older the buyer, the less likely they were to have misgivings about their purchase after the fact. In all, 64% of millennial homebuyers (ages 25-40) have some regrets about their purchase, compared to just 33% of baby boomer buyers (ages 57-75).In an ever-tightening market, many homebuyers are jumping into situations that are less than ideal, as the study found homebuyer regrets primarily fell into two major categories, financial and physical.One of the biggest regrets among recent homebuyers was not being prepared for maintenance and other costs associated with homeownership. More than 20% of millennial homeowners said they felt the costs of homeownership were too high, and that number jumped to 26% among younger millennials, ages 25-31.“It can cause a rude awakening if one fails to plan for inevitable expenses,” said Mark Hamrick, Bankrate’s Senior Economic Analyst. “This is yet another reminder why making emergency savings a top priority is so important. Whether it is a roof repair stemming from age or storm damage, or the need to fix or replace heating, cooling or appliances, it isn’t a question whether such expenses arise, only when and how much they will cost.”Millennials also felt they didn’t get a good mortgage rate, or that they overpaid for property, as 12% of millennials said their rates were too high, and 13% said they agreed to overpay for their home.While financial frustrations topped the list of regrets for new homebuyers, many millennial respondents felt their new place was not an ideal fit, with 15% of those polled said they disliked their new property’s location, and 30% felt the home was not the right size.Many cite the competitive market leaving very little time to make a sound judgement on a new home, forcing buyers into quick decisions.“Because the market is so competitive, you have less time to make a decision on a homebuying purchase than you do on a laptop at Best Buy,” said Angelica Olmsted, an Agent with RE/MAX Professionals Cherry Creek in Denver. “You’ve already had, possibly, a couple of offers not accepted, you feel that pressure to make a decision and put an offer in. That is an insane amount of time to have to look at a property, see if you can live there, see if you like the neighborhood, see if a house has all the features you’re interested in. If you have 15 minutes to look at it, then trying to drive around the neighborhood at different times of the night and day to see if you want to live there, you don’t have time to do that adequate amount of homework.”Click here for more on Bankrate’s study. The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

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Visiting restrictions imposed on two wards at LGH

May 27, 2021 | By admin | No Comments | Filed in: lprxfsblu.

first_img WhatsApp Letterkenny General Hospital wishes to thank patients and the public for their cooperation and apologise for any inconvenience caused. Google+ Facebook Google+ Twitter General advice for visitors:People who are unwell or have vomiting or diarrhoea, or have had vomiting or diarrhoea in the last two days, should not visit the hospital.Children should not be brought to the hospital.Visitors will not be allowed to visit Medical 3 or Surgical 1 wards unless there is an exceptional need; this will have to be agreed with the Clinical Nurse Manager.Only essential visits should be made to the other wards in the hospital and should be confined to one person at a time.Visitors should refrain from moving from one section of the hospital to another and should avoid canteens and any other food dispensing areas.Visitors should wash their hands thoroughly before entering or leaving the inpatient area, or after a visit to the toilet.Those with a serious illness should not visit the hospital, as they may be more likely to get sick if they come in contact with the virus.People who have symptoms such as ‘upset tummy’ should not attend the hospital but contact their GP in the first instance if they have serious concerns. 448 new cases of Covid 19 reported today Twitter Visiting restrictions imposed on two wards at LGH Previous articleBlood Transfusion Service appeals for donationsNext articleHospital not declaring vomiting bug outbreak pending test results News Highland Facebook RELATED ARTICLESMORE FROM AUTHORcenter_img Visiting restrictions have been imposed on two wards at  Letterkenny General Hospital as a result of a suspected outbreak of the Winter Vomiting Bug.In a statement, the hospital says there’s been an increased incidence of diarrhoea or vomiting on the Surgical 1 and Medical 3 Wards.To help curtail the spread of this, the hospital is curtailing visiting in these two wards from today.Management is also asking people not to come to visit anyone in the hospital if you they currently have diarrhoea or vomiting or if they or anyone in their household have had such symptoms in the last two days. People are also asked  not to bring children to visit the hospital unless absolutely necessary.The statement says all appropriate infection control measures are being taken to deal with the situation at the hospital at the moment and the visiting restrictions will remain in place until the wards are free from the outbreak.The HSE statement concludes with a checklist for people intending to visit the hospital. Pinterest WhatsApp By News Highland – December 10, 2012 Pinterest NPHET ‘positive’ on easing restrictions – Donnelly Three factors driving Donegal housing market – Robinson News Calls for maternity restrictions to be lifted at LUH Help sought in search for missing 27 year old in Letterkenny Guidelines for reopening of hospitality sector publishedlast_img read more

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Security alert in Strabane ongoing following the discovery of suspicious object

May 27, 2021 | By admin | No Comments | Filed in: nibtjzsrs.

first_img Pinterest Security alert in Strabane ongoing following the discovery of suspicious object A security alert is ongoing this morning at an industrial estate in Strabane following the discovery of a suspicious object.Police were called to the Lismourne Place area last night and it’s believed a gym was evacuated at the Dublin Road site.Local Councillor Patsy Kelly:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/01/patsy.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Facebook Previous articlePost Offices can become “Rural Information Hubs” – HarteNext articleFuture of prominent Twin Towns landmark now up to An Bord Pleanala admin Google+ By admin – January 23, 2016 Nine Til Noon Show – Listen back to Wednesday’s Programme Pinterest NPHET ‘positive’ on easing restrictions – Donnelly Twitter Three factors driving Donegal housing market – Robinson center_img WhatsApp WhatsApp Google+ Help sought in search for missing 27 year old in Letterkenny Homepage BannerNews Facebook Twitter News, Sport and Obituaries on Wednesday May 26th RELATED ARTICLESMORE FROM AUTHOR GAA decision not sitting well with Donegal – Mick McGrathlast_img read more

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