Month: May 2021

DS News Webcast: Friday 11/15/2013

first_img Related Articles Subscribe DS News Webcast: Friday 11/15/2013 Sign up for DS News Daily Is Rise in Forbearance Volume Cause for Concern? 2 days ago Home / Featured / DS News Webcast: Friday 11/15/2013 The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: DSNews in Featured, Media, Webcasts Governmental Measures Target Expanded Access to Affordable Housing 2 days ago November 15, 2013 550 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 2013-11-15 DSNews Demand Propels Home Prices Upward 2 days ago  Print This Post Share Save Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 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: Clayton Holdings Announces New VP of Regulatory Compliance Next: California Foreclosures Tick Up but Remain Lower Than Last Yearlast_img read more

They’ve Come a Long Way: FHFA Details Progress of Non-Performing Loan Sales

first_img The Best Markets For Residential Property Investors 2 days ago  Print This Post Fannie Mae FHFA Freddie Mac Non-Performing Loan Sales 2016-03-03 Brian Honea About Author: Brian Honea Sign up for DS News Daily Freddie Mac conducted an initial pilot sale in August 2014 covering $596 in unpaid principal balance (UPB) and another one in March 2015 covering $349 in UPB. Also that month, the FHFA issued enhanced guidelines for the GSEs’ NPL sales programs aimed at further reducing the Enterprises’ losses and improving borrower and neighborhood outcomes. Under the new guidelines, bidders in the NPL auctions must show evidence that they have the experience and capability to help borrowers avoid foreclosure; they must identify their servicing partners and demonstrate a successful track record of loan resolution through foreclosure alternatives; apply a “waterfall of resolution tactics,” using foreclosure only as a last resort; market to owner-occupants and non-profits first when an NPL results in an REO property; increase transparency of the sale process and post-sale borrower outcomes by increasing pre-sale and post-sale disclosures; and encourage bids from non-profits who have the objective of stabilizing neighborhoods through offering smaller pools.After the requirements were issued, Freddie Mac conducted eight more NPL sales covering 24,372 loans in 24 pools. Fannie Mae conducted a pilot sale in June 2015 covering 2,477 loans, after which the Enterprise received the go-ahead to conduct more sales. Later in 2015, Fannie Mae conducted two more NPL sales; in all, the transactions included six pools of collateral covering 7,965 loans.“Both Enterprises developed pages related to NPL sales on their web sites to educate and assist interested bidders,” the FHFA said. “In an effort to encourage more nonprofit bidders, both also hosted one-day NPL seminars featuring overviews of bidder-qualification, eligibility, and data-room-access requirements, and bidding, funding, closing, and servicing processes.”The GSEs worked to strengthen existing relationships with diverse broker-dealers to ensure more diversity and inclusion in the NPL sales, according to FHFA. Fannie Mae and Freddie Mac engaged diverse broker-dealer firms to help market NPL sales to non-profits and small investors for each NPL transaction.“The Enterprises and FHFA will assess borrower outcomes of NPL sales going forward,” FHFA said. “Because of the time it takes to transfer sold loans to a new servicer, evaluate borrowers for foreclosure prevention actions and complete trial periods for loan modifications, it requires six to twelve months after the date of an NPL sale to receive meaningful data on borrower outcomes. FHFA plans the first public release of NPL sales data in 2016.”Click here to view the FHFA’s complete 2015 Scorecard Progress Report. They’ve Come a Long Way: FHFA Details Progress of Non-Performing Loan Sales Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles The Best Markets For Residential Property Investors 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. in Daily Dose, Featured, News, Secondary Market Fannie Mae and Freddie Mac officially launched their non-performing loan (NPL) sales programs in 2015 after their conservator, the Federal Housing Finance Agency (FHFA), issued enhanced guidelines for those programs in March.On Thursday, the FHFA provided an annual update on the progress of Fannie Mae’s and Freddie Mac’s non-performing loan sales programs as well as other GSE programs in the FHFA’s 2015 Scorecard Progress Report.The purpose of the Scorecard Progress report is to summarize the major activities of Fannie Mae and Freddie Mac that contributed to achieving the FHFA’s three objectives as conservator of the GSEs as set forth in the 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac, which was published in May 2014. Those three objectives are: Maintain foreclosure prevention activities and credit availability for new and refinanced mortgages to foster national housing markets that are liquid, efficient, competitive, and resilient; Reduce risk to taxpayers by increasing the role of private capital in the mortgage market; and build a new single-family securitization infrastructure for the GSEs to use and for other secondary market participants to use in the future.“This Progress Report underscores our commitment to accomplishing our goals of fostering liquidity and efficiency in the housing finance markets, reducing risk to taxpayers, and building a new mortgage securitization infrastructure, and our commitment to doing so in a safe and sound manner,” FHFA Director Melvin L. Watt said.  “Working collaboratively with Fannie Mae and Freddie Mac, we have accomplished a tremendous amount over the past year and we look forward to building on this success in 2016.”Under the objective of foreclosure prevention, the 2015 scorecard called for the GSEs to reduce the number of severely delinquent loans in their single-family portfolios. The purchaser’s final interest, according to FHFA, is helping the borrowers avoid foreclosure and re-perform on their loans.“Purchasers typically transfer loan servicing to a specialty servicer skilled at working with borrowers to achieve a mutually beneficial outcome,” FHFA said in the report. “Thus, an NPL sale can increase the potential for a borrower to benefit from foreclosure avoidance actions, such as a HAMP or proprietary modification, forbearance, a short sale, or a deed-in-lieu transaction.” Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img March 3, 2016 1,218 Views Tagged with: Fannie Mae FHFA Freddie Mac Non-Performing Loan Sales Previous: AACER: Bankruptcy Filings Remain Virtually Unchanged Over-the-Year Next: Treasury Issues First Guidance on Termination of Making Home Affordable Program Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / They’ve Come a Long Way: FHFA Details Progress of Non-Performing Loan Sales Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago “Working collaboratively with Fannie Mae and Freddie Mac, we have accomplished a tremendous amount over the past year and we look forward to building on this success in 2016.”FHFA Director Mel Watt Subscribelast_img read more

Fannie and Freddie Announce Holiday Eviction Moratoriums

first_img The Best Markets For Residential Property Investors 2 days ago Home / Featured / Fannie and Freddie Announce Holiday Eviction Moratoriums Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Both Fannie Mae and Freddie Mac today announced eviction moratoriums for the holidays, designed to help buy struggling homeowners time to explore their options.Fannie Mae will suspend evictions of foreclosed single-family properties during the holiday season from December 18, 2017, through January 2, 2018. This suspension applies to single-family and 2-4 unit properties. The moratorium doesn’t stop legal and administrative proceedings for evictions, but families will be allowed to stay in their homes during the process.”We’re taking steps to support families and to extend the timeline of help for struggling borrowers during the holidays,” said Jacob Williamson, VP of Single-Family Distressed Assets at Fannie Mae. “We also encourage homeowners who may be struggling with their mortgage to reach out to Fannie Mae or their servicer to get help. Options are available to avoid foreclosure, and we want to help pursue those options whenever possible.”Homeowners can visit www.knowyouroptions.com for resources on how to prevent foreclosure, including how to find out if Fannie Mae owns their loan. Homeowners also can contact Fannie Mae at 1-800-232-6643 for more information.On the Freddie Mac side of things, Freddie announced a nationwide suspension of eviction lock-outs during that same window of December 18, 2017, through January 2, 2018. The moratorium applies to all foreclosed, occupied homes owned by Freddie Mac.Yvette Gilmore, Freddie Mac’s VP of Single-Family Servicer Performance Management, said in a statement, “As we have done in past years, we are suspending evictions over the holidays. For borrowers who may be experiencing financial challenges we strongly urge them to contact their mortgage servicer to explore one of the Freddie Mac workout options.”Freddie also confirmed that it has “suspended all foreclosure sales in eligible disaster areas impacted by Hurricanes Harvey, Irma and Maria.” Subscribe Related Articles The Best Markets For Residential Property Investors 2 days ago Tagged with: eviction moratorium Evictions Fannie Mae Freddie Mac Previous: First American to Acquire Bank of America’s Lien Release Business Next: What’s on the Horizon for Housing Affordability? About Author: David Wharton David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img in Featured, Foreclosure, Journal, News Fannie and Freddie Announce Holiday Eviction Moratoriums Governmental Measures Target Expanded Access to Affordable Housing 2 days ago eviction moratorium Evictions Fannie Mae Freddie Mac 2017-12-11 David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily  Print This Post December 11, 2017 2,303 Views last_img read more

How REO Sales Impact Home Prices

first_img Previous: Barclays Settles RMBS Suit Next: HUD’s Carson: Proud to “Move Others up the Ladder”  Print This Post Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Foreclosure, Journal, Market Studies, News, REO With markets across the country suffering from pronounced inventory shortages, it would seem that anything that puts more homes on the market would be a good thing. A new report by Pro Teck Valuation Services found delved into that thesis, with an influx of foreclosed properties and REO sales causing very different results in two studied markets.The latest installment of Pro Teck’s Home Value Forecast (HVF) examined the state of the market in both Newark and Jersey City, New Jersey. Citing a recent Wall Street Journal piece entitled “Why New Jersey’s Soaring Foreclosures Are Good for the Housing Market,” Pro Teck set out to test the WSJ’s thesis that New Jersey’s skyrocketing foreclosure rate would help offset the Garden State’s housing inventory shortages and generally be good for the state’s housing market.For Newark, Pro Tech’s study found that the local market would not see much benefit from the high foreclosure rates. Foreclosures in Newark are at an all-time high, surpassing the 2010 volume. Pro Teck’s report explains that “In times of a ‘hot’ market, like in 2006 and 2012, the difference in price between REO and Regular sales begins to tighten, as the REO discount shrinks.” However, the REO discount has been on the upswing in recent years in Newark, which is depressing local home sale prices.In contrast, Pro Teck found that Jersey City, while also seeing increases in REO sales in recent years, REO sales have averaged less than 10 percent of total sales, thus having less of an impact on Jersey City’s home sale values. In fact, Pro Teck notes that Jersey City’s home prices surpassed the local pre-crash highs more than three years ago.According to a 2017 CoreLogic report entitled “United States Residential Foreclosure Crisis: Ten Years Later,” foreclosure inventory in New Jersey peaked at 89,000 in September 2012. Between 2007-2016, CoreLogic reported that New Jersey ranked third among the ten states with the highest peak foreclosure rate, coming in behind Florida and Nevada, respectively. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago April 2, 2018 3,766 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img How REO Sales Impact Home Prices Home / Daily Dose / How REO Sales Impact Home Prices Sign up for DS News Daily Share Save Tagged with: Foreclosure Pro Teck Pro Teck Valuation Services REO sales David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] About Author: David Wharton Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Foreclosure Pro Teck Pro Teck Valuation Services REO sales 2018-04-02 David Wharton Subscribelast_img read more

Delgado & HUD’s Carson Discuss Housing Industry Challenges

first_img Demand Propels Home Prices Upward 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, Journal, News, Servicing 2019 Five Star Government Forum Ben Carson Five Star Government Forum FSGF HUD 2019-04-23 Radhika Ojha Leaders from the mortgage industry are engaging in an open dialogue with their government peers during the annual Five Star Government Forum in Washington, D.C., today. The gathering involves leaders from both sides of the industry engaging in a frank dialogue about the most pressing issues facing the mortgage and housing industries, while charting the way forward to tackle those issues.The day-long event kicked off with a morning Keynote Address by Dr. Benjamin S. Carson, Secretary, U.S. Department of Housing and Urban Development (HUD), will include sessions discussing common-sense policy reforms, the state of the economy and the housing market, and updates on policies and regulations.During their discussion, Five Star Global President & CEO Ed Delgado spoke with Carson about topics ranging from HUD’s role in the housing market to their recent actions against Facebook, their role in disaster recovery initiatives, and more.Ed Delgado, president & CEO of Five Star Global, met with U.S. Secretary of Housing and Urban Development, Dr. Ben Carson during the 2019 Five Star Government Forum in Washington D.C.“We are proud to host The Five Star Government Forum,” Delgado told DS News. “The open dialogue between government officials and industry stakeholders during this event  is an important step towards ensuring progress across the industry.”Today’s speakers also include The Hon. Brian D. Montgomery, Acting Deputy Secretary and Assistant Secretary for Housing-Federal Housing Commissioner, HUD; Danielle Johnson-Kutch, Director, Office of Financial Stability, U.S. Department of the Treasury; Mark McArdle, Assistant Director, Mortgage Markets, Consumer Financial Protection Bureau; Mark Palim, VP and Deputy Chief Economist, Fannie Mae; Leslie Meaux Pordzik, Acting SVP, Office of Issuer and Portfolio Management, Ginnie Mae; and Sandra Thompson, Deputy Director, Division of Housing Mission and Goals, Federal Housing Finance Agency.The event also saw Auction.com continuing a tradition by delivering a $50,000 check to Operation Homefront, a national 501(c)(3) nonprofit “whose mission is to build strong, stable, and secure military families.” The check was the first of a two-part commitment, with the second to be delivered at this year’s Five Star Conference in September.”The Five Star Government Forum represents a rare—and invaluable—opportunity for government and industry leaders to share ideas and insights,” said Marcel Bryar, Founder, Housing Gears, LLC. “We all benefit from the Forum, and the best practices shared there improve policy and compliance.””The Five Star team has put together an all-star lineup for the 10th annual Five Star Government Forum,” said Jodi Gaines, Vice Chair, CRFS. “Simply put, the decision makers and those that can influence impactful change will be in attendance. This forum is too good to miss.”Hon. Brian D. Montgomery, Acting Deputy Secretary and Assistant Secretary for Housing-Federal Housing Commissioner, HUD, delivers his afternoon keynote address.Tim Rood, Chairman of the Collingwood Group, told DS News, “Access to adequate and affordable housing is a bipartisan issue that has reached critical mass. The issue spans socioeconomic and geographic boundaries which can no longer be ignored. The FSGF provides influencers and stakeholders in the developing affordability crisis the forum and opportunity to explore practical solutions for policy makers to consider.”“We value the Forum because it advances the conversation about housing,” said Michael Waldron, Chief Compliance Officer, Bayview Loan Servicing. “It brings together thought leaders on policy, operations, and compliance to share experiences and insight that result in actionable takeaways that add to the evolution of our industry and the manner in which we serve consumers.”The 2019 FSGF panel and discussion lineup also includes representatives from Altisource; the American Enterprise Institute; Bayview Loan Servicing; the Collingwood Group; CRFS; Experian Consumer Information Services; FICO; Finicity; FinRegLab; Housing Gears, LLC; the Milken Institute; the National Association of Realtors; Treliant, LLC; Trott Law, PC; and Urban Institute. Home / Daily Dose / Delgado & HUD’s Carson Discuss Housing Industry Challenges Related Articles Tagged with: 2019 Five Star Government Forum Ben Carson Five Star Government Forum FSGF HUD Share Save The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: David Wharton April 23, 2019 2,145 Views Sign up for DS News Daily About Author: Radhika Ojha Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Delgado & HUD’s Carson Discuss Housing Industry Challenges Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Previous: Eye on Mortgage Delinquencies Next: FHFA’s Calabria on “Meeting the Mileposts” for GSE Reform Subscribelast_img read more

Housing’s Role in Economic Success

first_img January 15, 2020 1,291 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. Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Housing’s Role in Economic Success Housing may be key to keeping the U.S. economy safe from slowing investment practices, according to Bloomberg utilizing data from the Atlanta Fed. According to Bloomberg, the stronger U.S. housing market could provide a cushion from the effect of a “derailment” in corporate spending.Economic growth, though slow, has been propped up largely by housing, according to the Fannie Mae Economic and Strategic Research (ESR) Group. The Group notes that housing should also continue to function as a positive contributor to growth in the near term, as indicated by both new and existing single-family home sales advancing in Q3, as well as pending home sales, permits, and starts. However, persistent supply and affordability constraints continue to hold back household formation, inhibiting housing market activity.According to Bloomberg, earnings announcements show order books are growing at a few builders, including Lennar Corp.“The indicators that we see and hear from our customers reflect confidence in the stability of the economy and in the job market,” Stuart Miller, Lennar’s Chairman, said on the company’s recent earnings call.Increased residential construction spending could help limit the negative effects of capital-spending weakness, despite not taking up a large segment of the economy.Additionally, more Americans are looking to buy a home, putting pressure on builders to address inventory shortages, leading to a potential for faster economic growth as the housing market gains more traction.The housing market is expected to “continue to stand firm” as home sales rise to 6.0 million for 2019 before increasing to 6.1 million for 2020 according to Freddie Mac’s November Forecast.“The economy has seen increased volatility in November as hopes for a favorable resolution to the trade dispute have recently waned,” said Sam Khater, Freddie Mac’s Chief Economist. “However, given low interest rates, modest inflation and a solid labor market, the U.S. housing market continues to stand firm, and our forecast is for the housing market to maintain momentum over the next two years.” Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: LOGS Network Expands Partnership with Janeway Law Firm Next: Foreclosure Trends, State by State 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  Print This Postcenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Related Articles in Daily Dose, Featured, Investment, News building HOUSING Investment 2020-01-15 Seth Welborn Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Housing’s Role in Economic Success Tagged with: building HOUSING Investment Subscribelast_img read more

PennyMac Reports Mortgage Finance Performance

first_img PennyMac’s pretax servicing income loss was $5.1 million in Q4 2019, down from $18.1 million in the prior quarter and pretax income of $29.3 million in the fourth quarter of 2018. The company reported net income of $152.7 million for the fourth quarter of 2019, or $1.88 per share on a diluted basis, on revenue of $490.4 million. Book value per share increased to $26.26 from $24.37 at September 30, 2019.Additionally, PennyMac’s Investment Management segment pretax income was $5.2 million, up from $5.0 million in the prior quarter and $2.5 million in the fourth quarter of 2018.“PennyMac Financial delivered outstanding performance across all of its businesses in the fourth quarter and throughout 2019,” said President and CEO David Spector. “Book value per share grew 22% for the year, driven by record profitability in our Production segment and our ability to successfully hedge the interest rate risk inherent in mortgage servicing rights in a year characterized by significant interest rate volatility. Each of our production channels grew market share this year and substantial growth in our consumer direct lending channel was a major contributor to the Company’s earnings. Further, our industry-leading correspondent channel became the largest aggregator of residential mortgage loans in the U.S., according to Inside Mortgage Finance. Our servicing portfolio also grew more than 20% for the year while our technology investments continue to drive greater operating efficiency and better service for our 1.8 million customers. With our maturing, balanced business model, the opportunity to continue capturing market share gains across our businesses and the strong foundation provided by our large and growing servicing portfolio, we expect PFSI to earn a mid-teens return on equity across different market environments; however, we expect PFSI to deliver a higher ROE in 2020.”Overall, PennyMac’s pretax income was $203.4 million, up 22% from the prior quarter and 249% from the fourth quarter of 2018. Demand Propels Home Prices Upward 2 days ago Previous: Economic Growth Exceeds Expectations in January Next: Big Apple Tax Changes Could Impact Investors in Daily Dose, Featured, Investment, News Governmental Measures Target Expanded Access to Affordable Housing 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. Tagged with: Income PennyMac Servicing The Best Markets For Residential Property Investors 2 days ago Subscribe PennyMac Reports Mortgage Finance Performance The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Home / Daily Dose / PennyMac Reports Mortgage Finance Performance Share Save Servicers Navigate the Post-Pandemic World 2 days ago February 7, 2020 1,242 Views Sign up for DS News Daily  Print This Post The Best Markets For Residential Property Investors 2 days ago Income PennyMac Servicing 2020-02-07 Seth Welbornlast_img read more

No approaches from Celtic or Liverpool says Donegal manager

first_img By News Highland – October 8, 2012 Google+ Previous articleCalls for play park for children with learning difficulties in LetterkennyNext articleTown Council to get tough on vacant property owners News Highland Pinterest News WhatsApp RELATED ARTICLESMORE FROM AUTHOR WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week Calls for maternity restrictions to be lifted at LUH Donegal manager Jim McGuinness is not ruling out a move to Celtic or Liverpool.Since Donegal’s All-Ireland Final win, McGuinness has been linked with coaching roles with Celtic and Liverpool.It was reported last week that Liverpool wanted the Glenties man as their new sports psychologist.And he has also been linked with a coaching role with Celtic.Speaking on today’s Shaun Doherty show, the Donegal manager said he has recieved no approaches, but he said if one came along, he would consider his options…[podcast]http://www.highlandradio.com/wp-content/uploads/2012/10/jim1.mp3[/podcast] Twittercenter_img Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Facebook Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Three factors driving Donegal housing market – Robinson Twitter No approaches from Celtic or Liverpool says Donegal manager Facebook Guidelines for reopening of hospitality sector published Google+last_img read more

PSNI Chief Constable pays tribute to Ronan Kerr

first_img Twitter 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton News Facebook Google+ Pinterest By News Highland – April 3, 2011 The killing of Constable Ronan Kerr has been condemned by Taoiseach Enda Kenny and Justice Minister Alan Shatter, as well as by Garda Commissioner Martin Callinan.In a statement, the Commissioner said the members of An Garda Síochána stand together with their colleagues in the Police Service of Northern Ireland. The uniforms may be woven from different cloth, he said, but the police on this island are bound together by a shared resolve and determination to bring those responsible for this crime to justice.In a press conference this morning,  the Chief Constable of the PSNI, Matt Baggott said Constable Kerr’s family were so proud of his achievements………….[podcast]http://www.highlandradio.com/wp-content/uploads/2011/04/baggt6pm.mp3[/podcast] Facebook WhatsApp PSNI Chief Constable pays tribute to Ronan Kerrcenter_img WhatsApp Twitter Google+ RELATED ARTICLESMORE FROM AUTHOR Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Guidelines for reopening of hospitality sector published Need for issues with Mica redress scheme to be addressed raised in Seanad also Minister McConalogue says he is working to improve fishing quota Previous articlePSNI step up investigation into murder of Constable Ronan Kerr in OmaghNext articleCondemnation of armed robbery at Derry bookmakers News Highland last_img read more

Government asks European court to revise ruling in ‘Hooded Men’ torture case

first_img WhatsApp WhatsApp By News Highland – December 2, 2014 Facebook Twitter Pinterest Twitter Facebook Liam ShannonThe government is to apply to the European Court of Human Rights to revisit a torture claim against the British authorities.In 1978, the Strasbourg court ruled that 14 men interned in Northern Ireland were subjected to inhuman and degrading treatment – but not torture.In the 1970s 14 men were interned in Northern Ireland and subjected to interrogation techniques such as hooding, white noise and sensory deprivation.The European Court of Human Rights ruled in 1978 that what they underwent did not amount to torture.But the survivors say new evidence has come to light that shows the British misled the court.Today the Irish Government has decided it will apply to the European Court to revisit its original ruling.The survivors had brought legal proceedings to compel the government to make this landmark decision..but they’ve now been struck out as unnecessary.One of the so called ‘hooded men’ is Liam Shannon:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/12/lshann.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Google+ Pinterest Google+center_img 365 additional cases of Covid-19 in Republic 75 positive cases of Covid confirmed in North Previous articleEnvironment Minister says Ireland doesn’t have an EU loophole to avoid water chargesNext articleIreland Captain role for Ann-Marie McGlynn News Highland Man arrested on suspicion of drugs and criminal property offences in Derry Main Evening News, Sport and Obituaries Tuesday May 25th Gardai continue to investigate Kilmacrennan fire Government asks European court to revise ruling in ‘Hooded Men’ torture case Homepage BannerNews RELATED ARTICLESMORE FROM AUTHOR Further drop in people receiving PUP in Donegal last_img read more