Watt: “These Conservatorships are Unsustainable”

first_img In what is being widely viewed as his last testimony as Director of the Federal Housing Finance Agency (FHFA), Melvin Watt appeared before the Senate Banking Committee to appraise them on the status of the housing finance system on Wednesday.Setting the tone of the hearing titled “Ten Years of Conservatorship: The Status of the Housing Finance System” Sen. Mike Crapo, Chairman of the Banking, Housing, and Urban Affairs Committee said that housing finance reforms remained one of his top priorities as Chairman of the committee. “The status quo is not a viable option. The government plays too big a role in the mortgage market today,” Crapo said in his opening remarks.Speaking about the recent programs of the GSEs, Crapo said that over the past couple of years FHFA, Fannie Mae, and Freddie Mac had all been busy. “Both enterprises have experimented with pilot programs that allow certain lenders to sell loans with 1 percent or even 0 percent down; Additionally Fannie and Freddie have continued to expand into other markets, such as single-family rentals,” Crapo said. “I also appreciate that Fannie’s and Freddie’s underwriting standards remain tighter than they were at the peak of the housing boom.”Despite this progress, Crapo said that the overall trends that leaned towards greater taxpayer risk and greater government presence in the mortgage market were a concern and “further demonstrate the need for Congress to turn to housing finance reform expeditiously.”Speaking on FHFA’s role as the conservator the GSEs, Watt said that FHFA’s role was unprecedented in “its scope, complexity, and duration especially when you consider Fannie and Freddie Mac’s role in supporting over $5 trillion in mortgage loans and guarantees. This is an extraordinary role for a regulatory agency also because we are obligated to fulfill both the role of supervisor and conservator at the same time.”“I have expressed this opinion, perhaps using different words on numerous occasions since then. I have also expressed repeatedly my firm belief that these conservatorships are unsustainable,” Watt told the committee adding that it was the prerogative and responsibility of Congress, not FHFA, to decide on housing finance reform.Speaking about the challenges that were compounded by conservatorship, Watt said that one of the challenges was the ability to plan and manage in the face of uncertainty about the future. “Our experience as conservator confirms that it is extremely difficult to manage the Enterprises in the present without establishing some kind of plans for the future.”Ensuring market discipline was another challenge that Watt outlined during the hearing. “Because the Enterprises have been insulated while operating in conservatorship from normal market forces that would otherwise inform their operations and business decisions, FHFA has had the responsibility for creating its own regime for market discipline,” he told the committee.  FHFA had taken several steps to address this challenge, the most important one being “to require the Enterprises to use an aligned capital framework when evaluating business decisions even though they were not able to build capital beyond the limited buffer agreed,” Watt said. The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Enterprises Fannie Mae FHFA Financial Reforms Freddie Mac GSEs Homes HOUSING Melvin Watt mortgage Sen. Crapo Senate Banking Committee Taxpayers Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Enterprises Fannie Mae FHFA Financial Reforms Freddie Mac GSEs Homes HOUSING Melvin Watt mortgage Sen. Crapo Senate Banking Committee Taxpayers 2018-05-23 Radhika Ojha May 23, 2018 2,605 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Watt: “These Conservatorships are Unsustainable” Previous: Buying vs. Renting: A Financial Perspective Next: The Changing Makeup of Consumer Debt Share Save in Daily Dose, Featured, Government, News Watt: “These Conservatorships are Unsustainable” 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. center_img  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago About Author: Radhika Ojha Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Delving Into Consumers’ Minds

first_img The Best Markets For Residential Property Investors 2 days ago Share Save About Author: Staff Writer Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Delving Into Consumers’ Minds Related Articles The Federal Reserve Bank of New York’s Center for Microeconomic Data released its September 2018 Survey of Consumer Expectations. The survey indicates there is no little to change in expectations regarding inflation in the short- or medium-term. Labor market expectations improved, however, with earnings growth expectations increasing and household fears of unemployment on the decline. But expectations about household income and spending growth are both on the decline too.   Regarding inflation, expectations for both the one-year and the three-year remain stable at 3.0 percent. Inflation expectations have been relatively flat since April 2018. The number of those expecting inflation decreased in comparison to last month, but not significantly so. Median home prices are also believed to have held steady in September at 3.6 percent. This follows a decline over the preceding two months from 4.9 percent in June, a three-year high. Uncertainty regarding home price fluctuations also held flat.Labor market expectations show growth up by 0.3 percent in September—the highest the series has yet reached since the survey began. This increase is credited to survey respondents making between $50,000 and $100,000. Mean unemployment expectations concerning the year ahead decreased 1.2 percent, to 34.1 percent and closer to the 2018 average of 34.0 percent. The mean probability of losing one’s job increased to 16.0 from 13.8 percent—the highest it has been since August 2016—but the mean perceived probability of finding a job if one’s current job is lost also increased to 59.3 percent, up from 57.8 percent in August. This brings expectations which track this metric above its 12-month average of 58.9 percent.Regarding household finance, the median expected household income growth has shrunk slightly, down a fraction (0.3) percent to 2.5 percent, its lowest level this year. The drop was most noticeable among respondents above 60 years old and possessing an annual income below $100,000. Spending growth expectations for median households continued its three-month trend of declines, falling from 3.2 percent to 2.9 percent in September to bring it below its 2018 average of 3.1 percent.Overall, those who believe their current financial situation has improved has also declined, with those feeling that they are better off than they were a year ago falling to 34.9 percent, a decrease of 2.4 percentage points—its lowest level since October 2017. Those who expect their financial situation to get worse in the coming year also increased 1.1 percent to 12.0 percent. The percentage of respondents who believe credit standards have grown laxer has also increased 0.8 percent, while those who believe it will get harder to get in the next year went up 0.6 percent. Those who fear missing a minimum debt payment in the next three months also went up 0.9 percent, hitting 13.7 percent, the survey’s high since January 2017. This rise in fears was fueled by respondents who make less than $50,000 a year and have no college degree. 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  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Consumer Expectations Consumer Income Growth Consumer Spending Expectations Federal Reserve Bank inflation rates Interest rates Unemployment 2018-10-11 Radhika Ojha October 11, 2018 896 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Why the South is Delinquency Prone Next: Helping Americans Keep Their Homes in Daily Dose, Featured, Market Studies, News Tagged with: Consumer Expectations Consumer Income Growth Consumer Spending Expectations Federal Reserve Bank inflation rates Interest rates Unemployment Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Delving Into Consumers’ Minds Subscribelast_img read more

Industry Reacts: Home Price Appreciation Is Slowing

first_img Servicers Navigate the Post-Pandemic World 2 days ago Industry Reacts: Home Price Appreciation Is Slowing 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: Appreciation Home Price Values May 28, 2019 1,814 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home price gains have continued to slow, according to the latest S&P CoreLogic Case-Shiller home price index (HPI). Nationally, home prices rose 3.7% year over year in March 2019, down from February’s 3.9% growth. The Index’s 20-City Composite posted a 2.7% year-over-year gain, down from 3.0% in the previous month.Las Vegas, Phoenix, and Tampa reported the highest year-over-year gains among the 20 cities. In March, Las Vegas led the way with an 8.2% year-over-year price increase, followed by Phoenix with a 6.1% increase, and Tampa with a 5.3% increase. Four of the 20 cities reported greater price increases in the year ending March 2019 versus the year ending February 2019.“Home price gains continue to slow,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “The patterns seen in the last year or more continue: year over year price gains in most cities are consistently shrinking. Double-digit annual gains have vanished.”Danielle Hale, Chief Economist for realtor.com, also noted the slowdown from double-digit to single-digit gains.”Case Shiller prices increased from a year ago, but at a slower pace than we saw earlier in the year,” Hale said. “Data for March showed that prices increased between 2.3% and 3.9% with the 10- and 20-city indices posting slower growth than the nationwide index, consistent with our observations of more inventory growth and diminishing buyer demand in many major housing markets. The data also shows the growing gap between asking prices, which have largely maintained momentum, and sales prices which are clearly slowing.”Hale notes that the two hottest markets are out west, and the third hottest is in the south: Las Vegas, Phoenix, and Tampa.Dr. Ralph McLaughlin, Deputy Chief Economist and Executive of Research and Insights at CoreLogic, noted what the latest HPI’s data means for the housing market.“The U.S. housing market moderation has now lasted a year, driven by considerable slowing in the nation’s most expensive markets,” McLaughlin stated. “While the slowdown is most pronounced in these areas, all of the 20-city markets are slowing, suggesting the cooldown has broken from its confines in the West. However, with the 10-year treasury falling, we can expect mortgage rates to continue to decline this spring. This should help to take the cold edge off what has otherwise been a market slow to thaw from the winter months.” Appreciation Home Price Values 2019-05-28 Seth Welborn The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Investment, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles  Print This Post Home / Daily Dose / Industry Reacts: Home Price Appreciation Is Slowing Previous: Update in Case Regarding Alleged Price-Rigging of GSE Bonds Next: JPMorgan’s Jamie Dimon on Wells Fargo’s CEO Search Demand Propels Home Prices Upward 2 days ago 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 Demand Propels Home Prices Upward 2 days ago Share Save Subscribelast_img read more

Motor City’s Reverse Mortgage Foreclosure Problem

first_img The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Previous: First American Title Appoints VP of IT Strategy Next: Quicken Loans Reaches Agreement With U.S. Government Related Articles Detroit Foreclosure Reverse Mortgage 2019-06-14 Seth Welborn Tagged with: Detroit Foreclosure Reverse Mortgage Detroit is one of the leading cities in the nation in reverse mortgage foreclosures, according to reporting from Detroit Free Press. USA Today analysis estimates there has been around 1,884 reverse mortgage foreclosures in Detroit between 2013 and 2017, the highest number in the country.Looking at data from the Department of Housing and Urban Affairs, the Free Press found that urban, African American neighborhoods, such as those in Detroit, were hit particularly hard by reverse mortgage foreclosures. “Many were targeted by reverse mortgage brokers after the recession when money was tight in neighborhoods where credit was traditionally less accessible.”Reverse mortgage foreclosures are not the only foreclosure issues hitting Detroit, but measures are being taken to prevent these foreclosures. According to a recent study from Quicken Loans, property tax foreclosures in Detroit are at a 14-year low. In 2018, 2,920 properties faced property tax foreclosure auction, down from 6,052 in 2017, and far below the peak of 15,000 in 2015.According to the Quicken Loans, the efforts of the Quicken Loans Community Fund and its Neighbor to Neighbor partners led to 4,136 occupied homes being pulled from the Wayne County tax foreclosure auction.“Tens of thousands of Detroit residents have been displaced by property tax foreclosure, and on top of the human impact, many of these homes fall into disrepair and become blighted, perpetuating a harmful cycle that destroys vibrant communities,” said Laura Grannemann, VP of Strategic Investments for the Quicken Loans Community Fund. “By working with community partners, we are stabilizing housing in Detroit, preventing future blight and helping homeowners and occupants find sustainable, long-term solutions for their property tax burdens.”Although outreach programs have helped improve Detroit’s tax foreclosure issues, the city still faces other foreclosure-related challenges. According to GOBankingRates and data from Zillow, 34.4% of homes are currently underwater, and the median home value at the Detroit-Warren-Dearborn metro-area level is $161,300, far below the national median of $226,300. GOBankingRates puts Detroit second on its list of U.S. cities most likely to enter a housing crisis. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago June 14, 2019 3,079 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Postcenter_img in Daily Dose, Featured, Foreclosure, News About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago 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. Motor City’s Reverse Mortgage Foreclosure Problem Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Motor City’s Reverse Mortgage Foreclosure Problem Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

Fed Chair Discusses Recession, Economic Expansion

first_img Previous: The Inside Track on FHA Property Preservation Next: South Beach Blues: Miami’s Delinquency Rate Nears 6%  Print This Post Tagged with: Economy Fed Powell Economy Fed Powell 2020-02-11 Seth Welborn About Author: Seth Welborn Share Save The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago During the first part of Federal Reserve Chair Jerome Powell’s Monetary Policy Report, Powell reported that the U.S. Economy is currently in a “very good place,” citing the 11th consecutive year of economic expansion, as well as a moderate increase in activity and a strengthened labor market.Powell has said that he does not believe that the markets are at risk of a recession.“I don’t think so and I certainly hope not,” Powell said. “There’s no reason why the expansion can’t continue. There’s nothing about this expansion that is unstable or unsustainable.”On Monetary Policy, Powell noted that the Federal Open Market Committee (FOMC) believes that the current stance of monetary policy will support continued economic growth, a strong labor market, and inflation returning to the Committee’s symmetric 2% objective.“Taking a longer view, there has been a decline over the past quarter-century in the level of interest rates consistent with stable prices and the economy operating at its full potential,” Powell said. “This low interest rate environment may limit the ability of central banks to reduce policy interest rates enough to support the economy during a downturn. With this concern in mind, we have been conducting a review of our monetary policy strategy, tools, and communication practices.“Public engagement is at the heart of this effort,” he added.During his testimony, Powell also noted that the Fed will be “closely monitoring” the coronavirus and its impact on global economic growth. Despite the threat from the virus, he said Fed policy is well positioned after a series of rate cuts in 2019.“As long as incoming information about the economy remains broadly consistent with this outlook, the current stance of monetary policy will likely remain appropriate,” he said.Powell’s testimony will continue on Wednesday, February 12. The Best Markets For Residential Property Investors 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 Articlescenter_img Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 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 Data Provider Black Knight to Acquire Top of Mind 2 days ago Fed Chair Discusses Recession, Economic Expansion February 11, 2020 3,022 Views Sign up for DS News Daily Home / Daily Dose / Fed Chair Discusses Recession, Economic Expansionlast_img read more

FHFA Proposes New Capital Framework For GSEs

first_img Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post 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 Sign up for DS News Daily About Author: Mike Albanese FHFA Proposes New Capital Framework For GSEs in Daily Dose, Featured, Government, News The Federal Housing Finance Agency (FHFA) announced a proposed rulemaking that established a new regulatory capital framework for Fannie Mae and Freddie Mac. The proposed rule is a re-proposal of the notice of proposed rulemaking published in July 2018. Comments will be due 60 days after the notice is published in the Federal Register. The FHFA states the proposal remains the foundation of the re-proposal. The enhancements in the new proposal preserve the mortgage risk-sensitive framework of the 2018 proposal while increasing the quantity and quality of the GSEs. According to the FHFA’s proposal, the risk-based capital requirement would include requirements for credit risk, market risk, and operational risk. “The leverage ratio requirements would provide a credible backstop to the risk-based capital requirements. An Enterprise’s capital distributions and employment-based discretionary bonus payments would be subject to limits if the Enterprise does not maintain regulatory capital in excess of the prescribed capital buffer amounts,” the document states. The FHFA added that this is a “critical step toward responsibly ending the conservatorships.””This national health crisis has affirmed the importance of the Enterprises’ mission to serve the American housing market during good times and bad. When credit dries up, low- and moderate-income households are hurt most. We must chart a course for the Enterprises toward a sound capital footing so they can help all Americans in times of stress,” said FHFA Director Dr. Mark A. Calabria. “More capital means a stronger foundation on which to weather crises. The time to act is now.”Fannie Mae CEO Hugh R. Frater said the proposed regulatory capital rule marks “the start of an important new chapter” for Fannie Mae. “These next steps toward our recapitalization and release from conservatorship are more than 10 years in the making, and we thank Director Calabria for his leadership during this process,” Frater said. “The reproposal of this critical rule marks another important milestone in our path out of conservatorship. I thank Director Calabria for his leadership in moving this rule forward,” said David Brickman, CEO of Freddie Mac. “As Freddie Mac takes unprecedented steps to assist homeowners and renters adversely affected by COVID-19, we remain focused on preparing for our responsible exit from conservatorship.”Steven Mnuchin, Secretary for the U.S. Department of the Treasury, said he applauds Calabria and the FHFA for their work on this issue. He added establishing regulatory requirements for Fannie Mae and Freddie Mac is a “an important step toward bringing the conservatorships to and end.””Appropriate capitalization of the GSEs will be critical to protecting taxpayers, fostering market discipline, promoting stability in the housing finance system, and ensuring durable consumer access to mortgage credit,” Mnuchin said. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Do Forbearance Applicants Need Forbearance? Next: Staying Safe From Cyber Attacks May 20, 2020 2,006 Views Share Savecenter_img Demand Propels Home Prices Upward 2 days ago Fannie Mae FHFA Freddie Mac housing market 2020 2020-05-20 Mike Albanese Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. The Best Markets For Residential Property Investors 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / FHFA Proposes New Capital Framework For GSEs Subscribe The Best Markets For Residential Property Investors 2 days ago Tagged with: Fannie Mae FHFA Freddie Mac housing market 2020 Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

How COVID-19 Is Driving Migration Trends

first_img in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: The Industry Pulse: Changes at Five Star, ATTOM, Home Point Next: Lowest Unemployment Rate in Months, Continuing Gradual Recovery According to a recent report published by HireAHelper.com, Americans are on the move amid the uncertainty of the COVID-19 pandemic. The website’s report lays out which locations are seeing inbound migration as Americans put down new roots.It is no surprise that the arrival of COVID-19 has put a pinch on many Americans’ wallets, as well as being a catalyst for moves driven by health or economic realities. The report reveals that 15% of all moves occurring between the months of January and June of this year were directly attributed to pandemic-related pressures.Among these findings, 37% of movers were recorded as taking the plunge due to the fact that they simply could not afford to remain living in their current abodes. Regarding the areas that experienced the most migration (the most residents who chose to move to other locales), the previously trendy and popular enclaves of San Francisco and New York were among the top. Specifically, each of these metros saw 80% more people moving away than relocating to them.On the opposite end of the spectrum, the city that saw the most new residents to arrive and put down new roots within it was Scottsdale, Arizona. It was recorded that an impressive 68% more people moved to the area versus moved away.The report also studied the numbers broken down by states, with the title for top destination (according to the number of overall move-ins ) being sunny Florida and Nebraska. A noteworthy factor that most likely contributed to Nebraska’s specific draw was the fact that it is one of the few states that did not issue a statewide stay-at-home order. A final state that drew Americans to it was Idaho, which reported a staggering 194% more people moving into it versus moving out.Safety was a primary factor cited by the survey, unsurprisingly. A third of those surveyed said they had moved to shelter in place with loved ones, while 24% reported that they did not feel safe in their home prior to the move. Twenty-three percent said they were moving to a destination with fewer COVID cases.As for the study’s methodology, the report explains that “HireAHelper examined the origin, destination, and distance of each moving job since the official declaration of the COVID-19 pandemic on March 11, 2020. The study also compares year-over-year moving activity between 2020 and 2019 covering the period of March 11 to June 30. Additional data sources include PEW Research and a HireAHelper user survey carried out in July 2020.” Servicers Navigate the Post-Pandemic World 2 days ago August 13, 2020 1,580 Views COVID-19 relocating 2020-08-13 Christina Hughes Babb Demand Propels Home Prices Upward 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 About Author: Andy Beth Miller Demand Propels Home Prices Upward 2 days ago Andy Beth Miller is an experienced freelance editor and writer. Her main focus is travel writing, and when she is not typing away from her computer at her home in the Hawaiian Islands, she is regularly roaming the world as a digital nomad, and loving every minute of it. She has been published in myriad online and print magazines, is a fan of all things outdoors, and finds life (and all of its business, technological, and cultural facets) fascinating in their constant evolution. She is excited to spectate as the world changes, and have a job that allows her to bring a detailed account of those constant shifts to her readers at home and abroad. Home / Daily Dose / How COVID-19 Is Driving Migration Trendscenter_img How COVID-19 Is Driving Migration Trends  Print This Post Tagged with: COVID-19 relocating Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Share 2Save 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 Related Articles Sign up for DS News Daily Subscribelast_img read more

Fannie Mae Recognized as a Top Company for Inclusion

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save November 23, 2020 1,787 Views in Daily Dose, Featured, Headlines, News Previous: Loan Performance Report Reveals ‘Good News’ Next: Janet Yellen Is Biden’s Treasury Secretary Pick  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Home / Daily Dose / Fannie Mae Recognized as a Top Company for Inclusion Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Fannie Mae Recognized as a Top Company for Inclusion Chuck Green has contributed to the Wall Street Journal, Washington Post, Los Angeles Times, San Francisco Chronicle, Chicago Tribune and others covering various industries, including real estate, business and banking, technology, and sports. Related Articles Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Chuck Green The Best Markets For Residential Property Investors 2 days ago Fannie Mae was named a top company for inclusion by the National Business Inclusion Consortium, a coalition formed by the National LGBT Chamber of Commerce, according to Fannie Mae.This year’s fifth annual “Best-of-the-Best Corporations for Inclusion” cohort features corporations that across all communities in America are all in on diversity and inclusion. Internal, external, and supplier diversity efforts were among the categories upon which companies were evaluated.“At Fannie Mae, we are proud to foster a diverse workforce that reflects the communities we serve,” said Jeffery Hayward, EVP and chief administrative officer at Fannie Mae. “This recognition by NBIC is a great honor and we will continue our work to drive diversity and inclusion in both the workplace and the marketplace.”Fannie Mae demonstrates its commitment to diversity and inclusion by attracting, engaging, and retaining a diverse workforce; attracting, developing, and promoting opportunities for diverse suppliers, vendors, and business partners, and fostering a diverse and inclusive workplace.“The Best-of-the-Best designation honors corporations for their commitment to America’s diverse employees and business owners, which includes LGBT people, people of color, women, and people with disabilities,” said NGLCC Co-Founder and President Justin Nelson. “This designation is highly competitive and is bestowed only to corporations that we see constantly striving to strengthen and celebrate diversity. These corporations being honored are true leaders in ongoing global commitments to create a better future for all diverse communities in business.”Accenture, ADP, Altria, American Airlines, and Anthem are among some other 2020 Best-of-the-Best Corporations for Inclusion. Additionally, the NBIC celebrated the five finalists for the Best-of-the-Best Program or Initiative of the Year Award including Cummins EY, Hilton, IBM, and Sodexo.The House Financial Services Committee held a hearing earlier in the year to review data on diversity and inclusion within banking institutions in the U.S., which DS News covered.Chairwoman of the Financial Services Committee Maxine Waters (D-California) called the hearing “historic and groundbreaking.”The 44 banks who submitted data have more than $50 billion in assets, and Waters said the information provided is essential to the industry.“The information they have provided is illuminating and is something that the American public deserves to see,” she said.Waters added that she hoped the hearing brings diversity “out of the shadows and into the light.”The report found that banking institutions were 58% white in 2018, which was lower than the national average of 63%. African Americans made up 12% of the workforce populations of financial institutions, Hispanics accounted for 11%, and the Asian population was 12%. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago 2020-11-23 Cristin Espinosalast_img read more

No resolution following meeting between Church and parents in Pomeroy

first_img WhatsApp Newsx Adverts WhatsApp Twitter NPHET ‘positive’ on easing restrictions – Donnelly Pinterest Calls for maternity restrictions to be lifted at LUH Previous articleFlybe ends City of Derry routeNext articleArrest warrant issued for rape accused News Highland Facebook Facebook Help sought in search for missing 27 year old in Letterkenny Google+center_img 448 new cases of Covid 19 reported today The Catholic Church is describing as “inconclusive”, a meeting in Pomeroy last night.The meeting, involving parents and representatives of the Archdiocese of Armagh, discussed an incident involving a local priest last month.The meeting was called after indecent images were projected onto a screen during a power-point presentation that Father McVeigh was giving at a meeting for parents in preparation for First Holy Communion.Father Martin McVeigh – who was granted temporary leave by Cardinal Seán Brady at his own request – said he had no knowledge of the images.It’s understood that the PSNI has indicated no crime was committed.An initial report from the church told the parents that Fr Mc Veigh had been exonerated, and would continue in office. However, that was not accepted.A statement from the Catholic Church says a further meeting will be held at a later date. By News Highland – April 21, 2012 Google+ Pinterest RELATED ARTICLESMORE FROM AUTHOR Guidelines for reopening of hospitality sector published Twitter No resolution following meeting between Church and parents in Pomeroy Three factors driving Donegal housing market – Robinson last_img read more

Plan to be submitted for Peace 3 projects in Donegal

first_img Plan to be submitted for Peace 3 projects in Donegal Google+ By News Highland – August 26, 2010 PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Twitter WhatsApp The Donegal Peace Partnership Committee is putting the final touches to its Peace 3 spending plan, which will be submitted to the Special European Union Programmes Body next month.The draft has already been given to Pobail which acts as a go-between between the councils and the EU, and it has made a number of observations which are currently being acted on.Partnership Chairperson Cllr Dessie Larkin says it’s important that any potential issues are identified now, before the plan is submitted to the SEUPB.He’s confident the plan that goes forward next month will be an effective one……[podcast]http://www.highlandradio.com/wp-content/uploads/2010/08/dessi.mp3[/podcast] Previous articleCycling – Deignan Confirmed For SpainNext articleImpact claims last minute HSE changes have scuppered Letterkenny talks News Highland HSE warns of ‘widespread cancellations’ of appointments next week Newsx Adverts Twitter Pinterestcenter_img Pinterest Facebook WhatsApp RELATED ARTICLESMORE FROM AUTHOR Man arrested in Derry on suspicion of drugs and criminal property offences released 365 additional cases of Covid-19 in Republic Dail to vote later on extending emergency Covid powers Facebook Man arrested on suspicion of drugs and criminal property offences in Derry Google+last_img read more