Watt Scheduled to Testify Before House Financial Services Committee on Tuesday

first_img Watt Scheduled to Testify Before House Financial Services Committee on Tuesday Servicers Navigate the Post-Pandemic World 2 days ago January 26, 2015 1,303 Views Home / Daily Dose / Watt Scheduled to Testify Before House Financial Services Committee on Tuesday  Print This Post Share Save Federal Housing Finance Agency (FHFA) Director Mel Watt is scheduled to testify before the House Financial Services Committee on Tuesday in a hearing entitled “Sustainable Housing Finance: An Update from the Director of the Federal Housing Finance Agency.”In his testimony, Watt is expected to defend last month’s decision to lift the suspension of the allocation of Fannie Mae and Freddie Mac funds into the Housing Trust Fund and the Capital Magnet Fund. The suspension was enacted in November 2008, two months after the government seized control of Fannie Mae and Freddie Mac – which required a combined $188 billion government bailout at the time to continue operations. They have since returned to profitability.The decision to lift the suspension of the allocation of GSE funds to the housing groups was widely praised by progressives as a path for Americans to achieve homeownership.”Affordable housing is about opportunity,” HUD Secretary Julián Castro said when the decision was announced last month. “That’s why today represents important progress for the American people.  The Federal Housing Finance Agency’s decision to release resources for the Housing Trust Fund will help people across the nation secure a decent place to call home.  This effort will assist individuals from all backgrounds—including low-income families and those experiencing homelessness—in building better lives.”However, the decision was just as widely criticized by members of the GOP,  including HFS Committee Chairman Jeb Hensarling (R-Texas) and Representative Ed Royce (R-California), a senior member of the HFS Committee. Critics of the decision say it puts taxpayers at risk. Hensarling and Royce wrote a letter to Watt in April 2014 urging him to continue suspension of the allocation of the GSE funds to the housing groups.”Contrary to what Fannie and Freddie apologists claim, the GSEs have yet to repay any of the taxpayer-funded bailout funds they received, which makes today’s announcement by the FHFA outrageous,” Royce said. “Money coming in from the GSEs should go to the taxpayers instead of a slush fund for ideological housing groups to play around with.”Watt will also likely address such topics as the recent  lowering of the FHA mortgage insurance premiums—another move that Hensarling and other Republicans have criticized—and Watt’s proposed amending of the Federal Home Loan Bank membership rules.The hearing is scheduled to begin at 10 a.m. Eastern Standard Time on Tuesday morning. This will be the second time that Watt, who has been FHFA director for exactly one year, has testified before Congress. He went before the Senate Committee on Banking, Housing, and Urban Affairs on November 19. Previous: Freddie Mac Chief Economist Departs for CoreLogic Next: Existing-Home Sales Expected to Inch Upward in January Subscribe The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Brian Honeacenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 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. The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Federal Housing Finance Agency House Financial Services Committee Mel Watt 2015-01-26 Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Government, News Tagged with: Federal Housing Finance Agency House Financial Services Committee Mel Watt Sign up for DS News Daily last_img read more

NCUA: Different Roles, Different Oversight

first_img 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 in Daily Dose, Featured, Government, Headlines, News July 6, 2017 1,326 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Tagged with: CFPB NCUA About Author: Brianna Gilpin Previous: Dear HUD; Love, Senators Next: Homeowners Associations: The Robin Hood of Foreclosure The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles CFPB NCUA 2017-07-06 Brianna Gilpin Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Mark McWatters, Chairman of the National Credit Union Administration (NCUA), recently sent a letter to the Consumer Financial Protection Bureau (CFPB) Director Richard Cordray asking that federally insured credit unions be exempted from CFPB oversight.McWatters argues that the credit unions, as not-for-profit, and consumer-owned financial institutions, have a different role than for-profit, investor controlled financial institutions.McWatters also says that the punitive fines that the CFPB uses for enforcement is “particularly inequitable when compared to the impact such fines have on investor-owned, for-profit financial institutions…the imposition of aggressive punitive fines on the very FICU credit union consumers that the CFPB is tasked with protecting ‘for the benefit of consumers’ is tantamount to imposing a ‘the beatings will continue until morale improves’ approach to consumer protection enforcement.”The NCUA already regulates credit unions, McWatters adds, and has more enforcement tools at its disposal than does the CFPB, with the ability to go after affiliated parties, not just federally insured credit unions. He also explained that exempting federally-insured credit unions from the bureau’s jurisdiction would allow the NCUA to “act as the primary agency responsible for the examination and enforcement of consumer financial protection laws for only six additional FICUs,” which, he added, would free up resources for the CFPB.The National Association of Federal Credit Unions (NAFCU) applauded McWatters’ letter.“NAFCU – from the bureau’s inception – was against the CFPB having direct oversight over credit unions and was the only financial services trade association to take that stance,” said NAFCU President and CEO Dan Berger, in a prepared statement. “NAFCU and its members thank Chairman McWatters for making this request directly to Director Cordray.”In the event that Cordray does not want to move forward with exempting federally insured credit unions from the bureau’s oversight, McWatters requested that the two agencies work together to conduct all examinations of those institutions jointly. Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago NCUA: Different Roles, Different Oversight Home / Daily Dose / NCUA: Different Roles, Different Oversight The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

Big Banks and FinTech: Do American Consumers Want Both?

first_imgHome / Daily Dose / Big Banks and FinTech: Do American Consumers Want Both? Demand Propels Home Prices Upward 2 days ago Big Banks and FinTech: Do American Consumers Want Both? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Nicole Casperson FinTech HOUSING mortgage 2017-10-11 Nicole Casperson Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] The Best Markets For Residential Property Investors 2 days ago Tagged with: FinTech HOUSING mortgage Previous: Wildfire Impact to Cost Billions in Housing Damages Next: High Tax Assessments Possible Cause for Growing Foreclosure Rate in Daily Dose, Featured, Headlinescenter_img  Print This Post Related Articles October 11, 2017 1,654 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Financial technology (FinTech) is steadily gaining traction in today’s technology-driven market, and according to Blumberg Capital’s Annual FinTech Survey, over two-thirds of Americans are looking for banks to provide new fintech solutions.The survey, released Wednesday, examines attitudes of American consumers toward traditional banking institutions, fintech startups, and new financial technologies, including blockchain and cryptocurrency.The survey discovered that 57 percent of respondents have a positive view of fintech startups—while 57 percent also believe that the days of going into a physical financial institution for any reason are coming to an end.According to David Blumberg, Founder and Managing Partner of Blumberg Capital, previously in the financial industry, capital, reputational trust and regulations were the only barriers to entry.“Technology is changing the game,” Blumberg said. “Large financial institutions need to build or buy innovation to maintain and extend their leadership positions. As consumers demand the new technologies, we will see increased adoption or acquisition of fintech by banks to serve consumers.”In addition, Blumberg believes the fintech revolution is expanding the market, thereby positioning some pure play fintech startups to become large financial institutions of the future.However, the survey notes that with major breaches in security at large established financial institutions, like Equifax, Americans are worried of new financial technologies and are skeptical if institutions are trustworthy—76 percent of respondents worry about security with some of the new online banking and payment services. According to the survey, this increased from 72 percent in 2016.Blumberg continued to explain that while the average consumer may hesitate to change from traditional banking to emerging fintech products and services, the potential benefits might become too valuable to ignore.”These results indicate that for fintech startups to scale and thrive, they need to provide a product or service that is substantially better, not just incrementally better than traditional banks. At the same time, if banks don’t adapt and adopt new technologies they risk losing the next generation of customers,” Blumberg said.To view the full report, click here. The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Demand Propels Home Prices Upward 2 days agolast_img read more

GSE Credit Risk Transfer Loss Expectations Trend Lower

first_img GSE Credit Risk Transfer Loss Expectations Trend Lower Subscribe in Daily Dose, Featured, Journal, News, Secondary Market The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Home / Daily Dose / GSE Credit Risk Transfer Loss Expectations Trend Lower Related Articles Share Save Tagged with: Credit Risk Transfer Fitch Ratings GSE GSE Credit Risk Transfer Loss Projections Report hurricane harvey Hurricane Irma loss projections Fitch Ratings has released a new installment of its GSE Credit Risk Transfer (CRT) Loss Projections Report, which is published every six months, in January and June. The report  “details Fitch Ratings’ projections for future credit events and losses on mortgage loan pools referenced by GSE credit risk transfer transactions.” The report spotlights several important takeaways, including loss projections trending downward and the impact of last year’s hurricanes.Fitch reports that their reference pool loss projections have lowered on every transaction compared to their previous review in June 2017. Fitch’s report reads, “At the ‘BBBsf’ rating stress level, projected losses were revised downward by an average of 23 basis points (bps) as a percentage of the remaining pool balance, reflecting strong collateral performance, increased home price appreciation and a shorter term to maturity.”Fitch’s Projections Report shows continuing strong performance for transactions with “at least 12 months’ seasoning,” with the average 60+ day delinquency percentage for 60 percent to 80 percent loan-to-value (LTV) reference pools standing at 20 bps. The highest percentage reported is 43 bps. The average increases to 38 bps for 81 percent to 97 percent LTV reference pools, with the largest percentage for this group at 67 bps.With home prices rising nationwide, it’s no surprise that Fitch found home prices in the pools examined to have increased by an average of 20 percent. Fitch’s report adds that “Consequently, the lower mark-to-market LTV ratios of the reference pools have driven current loss expectations lower relative to deal closing.”Fitch found that strong home price appreciation had driven voluntary mortgage insurance cancellations higher than expected. “For borrowers who are eligible to cancel but have not yet done so,” the report reads, “Fitch increased the haircut to the MI benefit to reflect the possibility that they could cancel sooner than the model currently expects.”Fitch reports that the delinquency percentage for loans in areas affected by Hurricanes Harvey and Irma increased from 1.0 percent to 5.6 percent between October and December 2017. However, delinquency for the entire mortgage pool increased only 16 bps, on average. According to the report, “Fitch expects loan losses from the 2017 hurricanes to be immaterial to the credit risk of the rated classes.”You can read the full Fitch GSE CRT Loss Projections report, in PDF form, by clicking here. Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: David Wharton Credit Risk Transfer Fitch Ratings GSE GSE Credit Risk Transfer Loss Projections Report hurricane harvey Hurricane Irma loss projections 2018-01-15 David Wharton January 15, 2018 2,352 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Homebuyers Seek Innovation From Mortgage Lenders Next: Inventory Shortages & Affordability Leading Some Homeowners to Renovate Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days agolast_img read more

Industry Pulse: Updates on AMDC, Arch MI, and More

first_img February 8, 2018 1,856 Views Previous: FHFA Report: GSEs’ Total Foreclosure Prevention Actions Cross 4M Next: Home Values Hit a Low in Suburban U.S. in Daily Dose, Featured, News Home / Daily Dose / Industry Pulse: Updates on AMDC, Arch MI, and More Tagged with: AMDC Credit Risk Diversity industry Lenders mortgage platform Technology Governmental Measures Target Expanded Access to Affordable Housing 2 days ago AMDC Credit Risk Diversity industry Lenders mortgage platform Technology 2018-02-08 Radhika Ojha The Best Markets For Residential Property Investors 2 days ago Related Articles  Print This Post Get the latest on new servicing technology, people movements, and changes in this weekly update.North Carolina headquartered private mortgage insurance company, Arch Mortgage Insurance Company (“Arch MI”), has announced the completion of a new integration with Cloudvirga, developer of mortgage point-of-sale (POS) platforms. Cloudvirga’s lender customers now have direct, real-time access to Arch MI RateStar. RateStar evaluates a wide variety of loan characteristics to more precisely match Arch MI rates to individual loan risk. Cloudvirga’s Consumer POS and Enterprise POS platforms now seamlessly connect with Arch MI to return precise MI pricing in seconds, eliminating the need to rekey data on websites outside Cloudvirga and ensuring accurate disclosure data. All RateStar quotes come with a 90-Day Promise to honor the quote as long as there is no change to the submitted loan information.___________________________________________________________________________The American Mortgage Diversity Council (AMDC) has taken another step to promote inclusion with the recent addition of Charmaine Brown, Director of the Office of Diversity and Inclusion at Fannie Mae, to serve the council as Vice Chair. Partnering with Chair Kathy Cummings of Bank of America, Brown will assist with the implementation of an aggressive agenda for the AMDC this year, working to equip the industry with the education and advocacy tools needed for fostering an industry-wide culture of diversity and inclusion. “I am honored to have the opportunity to serve as Vice Chair of the AMDC with Kathy Cummings at such an extraordinary time in our industry,” Brown said. “The role fits with my passion for inclusion and commitment to increasing access to safe, decent, affordable housing, helping minority, women-owned, disabled-owned, suppliers to grow their business, and amplifying the benefits of diversity and inclusion to achieve better outcomes.”_____________________________________________________________________________Northsight Management LLC, a thriving mortgage field services provider offering a full array of default property management services, announced the finalization of its merger with Truly Noble Services, a well-respected Texas-based full-service general contractor. According to Josh Sarchet and Steve Johnson, Northsight principals, “We are confident this fusion of organizations will add significant expertise and strength to Northsight. The team at Truly Noble has a solid reputation within the REO repair space which will fortify Northsight’s service offerings, as well as further support and expand its current client base.”____________________________________________________________________________CoreLogic, a global property information, analytics, and data-enabled solutions provider, announced it is redistributing credit risk transfer (CRT) loan-level data from Fannie Mae and Freddie Mac. The CRT redistribution will include Fannie Mae’s Connecticut Avenue Securities (CAS) data and Freddie Mac’s Structured Agency Credit Risk (STACR), STACR SPISM, Whole Loan Securities (WLSSM), and Seasoned Credit Risk Transfer Trust (SCRT) data. CoreLogic is providing this data from both GSEs to new and existing CoreLogic Non-Agency RMBS clients at no additional charge. In addition, the industry-leading RiskModel by CoreLogic is being enhanced to seamlessly integrate the reference pool data for Freddie Mac’s STACR and Fannie Mae’s CAS programs. This will streamline RiskModel risk analysis capabilities for participants in both programs.__________________________________________________________________________Home Point Financial Corporation (Home Point), a national, multi-channel mortgage originator and servicer recently announced that it has named Richard Bradfield as Enterprise CFO (ECFO) and Bill Shuler as CIO. Both will report directly to Willie Newman, Home Point Financial President and CEO. Prior to joining Home Point, Bradfield spent more than 25 years at PHH Corporation, most recently in the role of SVP, Head of Originations, Financial Institutions Group. He is an accomplished and seasoned financial executive. Schuler previously served as President of WPS Advisors, LLC, and prior to that, as COO at Genesis Pure.  He has nearly twenty years’ experience leading business and information technology divisions. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Savecenter_img Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 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 Industry Pulse: Updates on AMDC, Arch MI, and More The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

Breaking Down Consumer Debt Collection Complaints

first_imgHome / Daily Dose / Breaking Down Consumer Debt Collection Complaints The Bureau of Consumer Financial Protection (formerly the Consumer Financial Protection Bureau) has released a new Complaint Snapshot, exploring consumer complaints regarding modern debt-collection practices. The Bureau has received approximately 400,500 debt collection complaints since July 2011, amounting to 27 percent of the total complaints the bureau has received during that time period.The most complained-about category in March 2018 was “credit or consumer reporting,” accounting for 37 percent of the 30,300 complaints received during that month. Debt collection came in second, accounting for 27 percent of total complaints. Mortgage complaints came in third at around 10 percent of total complaints.Credit or consumer reporting, debt collection, and mortgage were the top three most complained-about consumer financial products and services, collectively representing approximately 74 percent of complaints submitted in March 2018, according to the BCFP.The BCFP registered a total of 8,265 debt collection complaints in March 2018, up 14 percent month-over-month. The rolling 24-month average for debt collection complaints was 7,236. BCFP mortgage complaints in March totaled 2,804, an 11 percent month-over-month increase. The rolling 24-month average for mortgage complaints was 3,444.States with the greatest complaint volume percentage increase from January 2017 – March 2017 to January 2018 – March 2018 were Mississippi (30 percent), Alaska (29 percent), and Louisiana (18 percent). The states showing the greatest decrease in complaint volume during those time periods were  South Dakota (-53 percent), North Dakota (-47 percent), and Maine (-41 percent).During that window of time, Florida had the greatest complaint volume percentage increase of the five most populated states, coming in at 11 percent. Pennsylvania showcased the biggest decrease at -9 percent.When it comes to the types of debt collection practices consumers complain about most, the BCFP reports that “attempts to collect a debt not owed” leads the pack at 39 percent. Seventeen percent of complaints involved issues about written notifications of debt, or not receiving such. “Communication tactics” also accounted for 17 percent of complaints, followed by “took of threatened to take negative or legal action” at 11 percent, “false statements or representation” at 10 percent, and “threatened to contact someone or share information improperly” at 6 percent.To read the full BCFP Complaint Snapshot, click here. Subscribe  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago BCFP CFPB Consumer Debt debt Debt Collection 2018-06-02 David Wharton The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago June 2, 2018 2,100 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 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] Share Save Breaking Down Consumer Debt Collection Complaintscenter_img Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, Journal, Market Studies, News Previous: Wells Fargo Grants Support Sustainable Housing for Veterans Next: Tech Hubs Attract Employee Migration Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago About Author: David Wharton Tagged with: BCFP CFPB Consumer Debt debt Debt Collection Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Extending the Fair Housing Act to the LGBTQ Community

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post 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 Related Articles Demand Propels Home Prices Upward 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Previous: Taxes, Disasters Among Factors Impacting Homebuyer Migration Next: Sunny Days for Housing Market, But Challenges Remain Discrimination Fair Housing Act LGBT LGBTQ 2019-05-06 Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborncenter_img Maine Senators Susan Collins and Angus King joined with Virginia Senator Tim Kaine in promoting the Fair and Equal Housing Act of 2019. The senators are introducing legislation intended to add gender identity and sexual orientation to the classes that are protected from discrimination by the Fair Housing Act.“All Americans deserve a fair and equal opportunity in the sale, rental, or financing of housing,” said Senator Collins.  “Throughout my Senate service, I have worked to end discrimination against LGBTQ Americans, and it is time we ensure that all people have full access to housing regardless of their sexual orientation or gender identity.  I urge our colleagues to join us in supporting this important legislation.”“Safe and affordable housing is the basic building block for all Americans seeking to achieve economic, educational, and personal success,” said Senator King. “No one should be denied access to this vital resource because of who they are – but unfortunately, under current law there are no protections from discrimination based on sexual orientation or gender identity. This is wrong, plain and simple. We need this legislation to make sure LGBTQ Americans have the same access to housing as anyone else.”This is not the first time the Fair Housing Act has been applied to the LGBTQ community. In August 2018, the U.S. Court of Appeals for the Seventh Circuit ruled that landlords could be held liable for discrimination if they failed to respond to harassment faced by tenants who belong to a protected class.In its ruling, the three-member panel of judges said that not only did the Fair Housing Act create liability when a landlord intentionally discriminated against a tenant based on a protected characteristic, but “it also creates liability against a landlord that has actual notice of tenant‐on‐tenant harassment based on a protected status, yet chooses not to take any reasonable steps within its control to stop that harassment.”Recognizing the need for the mortgage industry to conduct further outreach to the LGBTQ community for the purpose of educating on current opportunities for homeownership and being educated on emerging issues and concerns, the American Mortgage Diversity Council (AMDC) conducted a series of four discussions in strategically selected locations across the country. Each meeting was attended by approximately ten mortgage industry executives and approximately 10 senior leaders from local advocacy organizations provide services for the LGBTQ communities within their respective communities. These discussions provided an opportunity for these leaders to have a frank discussion in an open setting regarding issues affecting the LGBTQ community, both from a homeownership and workplace inclusion perspective. A report on concerns that were brought to light within the series of meetings and proposed remedial measures addressing the current issues can be found here.Want to learn more about diversity in your business? Register for the 2019 Five Star Diversity Symposium, May 8, 2019 at the Adolphus Hotel in Dallas. Featuring powerful presentations and collaborative roundtable discussions, the 2019 Five Star Diversity Symposium will serve as a platform for industry leaders to advance the diversity dialogue and promote truly inclusive business practices to the benefit of individuals, their organizations, and the industry. Register online here. Tagged with: Discrimination Fair Housing Act LGBT LGBTQ May 6, 2019 1,339 Views Sign up for DS News Daily Extending the Fair Housing Act to the LGBTQ Community The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Extending the Fair Housing Act to the LGBTQ Community The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Savelast_img read more

HUD Secretary Fudge: ‘I Can’t Wait to Get Started’

first_img 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago HUD Secretary Fudge: ‘I Can’t Wait to Get Started’ Home / Daily Dose / HUD Secretary Fudge: ‘I Can’t Wait to Get Started’ Previous: March’s DS News: Forbearance, Technology, Legal Matters, and More Next: Homeowners Gained $1.5 Trillion+ in Equity About Author: Christina Hughes Babb Marcia L. Fudge on Wednesday was sworn in as the eighteenth Secretary of Housing and Urban Development (HUD).The Senate on Wednesday afternoon confirmed President Biden’s nominee in a 66-34 vote.”As Secretary of Housing and Urban Development, Fudge now leads a federal department with wide reach throughout the United States, including the Offices of Housing, Community Planning and Development, Federal Housing Administration, Public and Indian Housing, Fair Housing and Equal Opportunity, Policy Development and Research, Field Policy and Management, Government National Mortgage Association (Ginnie Mae), Lead Hazard Control and Healthy Homes, and Faith-Based and Neighborhood Partnerships,” according to HUD.She delivered an introductory message:Video remarks as delivered:A good home shapes nearly every part of our lives. It’s where we start and end each day. It’s where we raise our families and come together in times of joy. It’s where we find shelter and comfort during times of hardship.The past year has reminded us just how important it is to have a safe and stable place to call home. But, right now—for millions of Americans—that sense of security and peace of mind is out of reach.Our country has an immense responsibility—and profound opportunity—to address the housing crisis facing so many people.To provide relief for those struggling to pay their rent or mortgage as a result of the pandemic.To ensure every American experiencing homelessness has a roof over their head.To revitalize our communities—and help more Americans achieve their dream of homeownership. To break down the barriers of injustice that still limit the futures of far too many young people.Every community faces unique challenges that require its own unique solutions.We all want and deserve the same basic things: a safe place to live and an opportunity to succeed with dignity, with grace, and with hope.I’m Marcia Fudge—and I’m honored to serve as the 18th Secretary of Housing and Urban Development.I am proud to join a group of public servants who work with compassion and determination to change the lives of those in need. And I can’t wait to get started. The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Savecenter_img Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago March 11, 2021 1,375 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Media, News  Print This Post 2021-03-11 Christina Hughes Babb Subscribelast_img read more

Donegal South-West by-election will cost taxpayer more than €300,000

first_imgNewsx Adverts Twitter By News Highland – November 8, 2010 Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector published Three factors driving Donegal housing market – Robinson Facebook NPHET ‘positive’ on easing restrictions – Donnelly Facebook Google+ Donegal South-West by-election will cost taxpayer more than €300,000 Google+center_img WhatsApp Pinterest Previous articleEfforts to remove 33 pilot whales found dead of Rutland Island will be made todayNext articleCalls for parking restrictions in Strabane to be relaxed News Highland LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter Pinterest It’s been claimed the imminent by-election in Donegal is set to turn into a very costly affair for the taxpayer and come with a final bill of more than €300,000.The recent Dublin South by-election cost €212,136, according to newly published figures from the Department of Finance.The by-election in Donegal South West will come with a similar price tag to the Dublin South by-election, on top of the legal costs arising from the court case taken by Sinn Fein to get the election held.Experts estimate the legal bill could be between €100,000 and €150,000 but it is likely to rise further because the Cabinet decided to appeal the decision to the Supreme Court.Fine Gael’s claiming that there would be a huge saving to the taxpayer if all four by-elections were held on the same day.The Government has been forced to hold the long-awaited by-election on November 25 after a damning High Court ruling.It means the Government will have to focus on campaigning for the Donegal South West by-election just before the crucial December 7 Budget — although there will be fewer ministerial visits than normal to the constituency. WhatsApp RELATED ARTICLESMORE FROM AUTHOR Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

Friday’s GAA Championship finals postponed until Saturday

first_imgNews Calls for maternity restrictions to be lifted at LUH Almost 10,000 appointments cancelled in Saolta Hospital Group this week Google+ Twitter Friday’s GAA Championship finals postponed until Saturday WhatsApp Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton RELATED ARTICLESMORE FROM AUTHOR By News Highland – November 2, 2012 Pinterestcenter_img Pinterest Google+ Twitter Three factors driving Donegal housing market – Robinson Facebook The two Donegal GAA Championship final matches scheduled for MacCumhaill park this (Friday) evening have been rescheduled.The matches will now take place in Tir Chonaill Park, Donegal Town tomorrow (Saturday).Aodh Ruadh versus Buncrana in the Intermediate Reserve Final will throw in at 1pm.Aodh Ruadh versus Termon in the Intermediate Final will get under at 2.30pm. Guidelines for reopening of hospitality sector published WhatsApp Previous articleEast Derry MP calls for more protection for prison officers in the NorthNext articleLetterkenny Chamber defends Pramerica’s JobBridge record News Highland Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more