Freddie Mac Continues Transferring Credit Risk to Private Investors

first_img Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, News, Secondary Market  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Freddie Mac Continues Transferring Credit Risk to Private Investors Share Save About Author: Brian Honea Previous: VRM Mortgage Services Awards Grant to U.S. Air Force Veteran Next: DS News Webcast: Thursday 11/5/2015 Demand Propels Home Prices Upward 2 days ago Subscribe Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago Credit Risk Transfer Freddie Mac Structured Agency Credit Risk 2015-11-04 Brian Honea The Best Markets For Residential Property Investors 2 days ago Freddie Mac Continues Transferring Credit Risk to Private Investors Freddie Mac has continued its successful credit risk transfer initiatives with another Structured Agency Credit Risk (STACR) Offering priced at more than $1 billion, according to an announcement from Freddie Mac.This debt notes transaction, STACR Series 2015-DNA3, is Freddie Mac’s seventh of the year and is a continuation of Freddie Mac’s efforts to reduce its exposure to credit risk and at the same time bring private investors back into the single-family market.“We have demonstrated our ability to execute credit risk transactions on a regular basis with a standard structure and have been transparent in our disclosures,” said Mike Reynolds, Freddie Mac vice president of Credit Risk Transfer. “Our loans are subject to Freddie Mac’s underwriting standards, internal fraud prevention and quality control review process. We are finding with each issuance that STACR is more diverse, liquid and durable.”The loans in the reference pool comprising STACR Series 2015-DNA3 are single-family mortgages acquired by Freddie Mac from December 2014 through March 2015. The loans in the reference pool have an aggregate unpaid principal balance (UPB) of more than $34.7 million. Freddie Mac holds the senior loss risk in the reference pool and a portion of the risk associated with Class M-1, M-2, and M-3, and the first loss Class B tranche.Freddie Mac’s risk-sharing initiatives include 16 STACR debt note offerings (including this one) and 11 Agency Credit Insurance Structure (ACIS) transactions since becoming the first agency to market credit risk transfer transactions with STACR and ACIS in the middle of 2013. Since then, Freddie Mac has grown its investor base to more than 170 unique investors, including reinsurers. The Enterprise has laid off a substantial portion of credit risk on single-family mortgages totaling $367 billion in UPB.This transaction is the fourth in the STACR program out of the 16 transactions that provides coverage on an actual loss basis, according to Freddie Mac. Servicers Navigate the Post-Pandemic World 2 days ago 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. Tagged with: Credit Risk Transfer Freddie Mac Structured Agency Credit Risk Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago November 4, 2015 974 Views last_img read more

Two Years In, Overall Performance of SFR Securitizations Remains Strong

first_img The Best Markets For Residential Property Investors 2 days ago  Print This Post Morningstar Credit Ratings Single-Family Rental Securitizations 2015-11-30 Brian Honea Share Save Servicers Navigate the Post-Pandemic World 2 days ago Previous: Foreclosure Sales Are Way Down—But So Are Solutions Next: The Collingwood Group Chairman Debates Fed Rate Hike November 30, 2015 1,376 Views Home / Daily Dose / Two Years In, Overall Performance of SFR Securitizations Remains Strong Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Morningstar Credit Ratings Single-Family Rental Securitizations 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. Related Articles About Author: Brian Honea 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 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Two Years In, Overall Performance of SFR Securitizations Remains Strong in Daily Dose, Featured, Market Studies, News Sign up for DS News Daily The vacancy and delinquency rates generally remain low and stable across 22 single-family rental (SFR) securitizations through the end of October, Morningstar Credit Ratings’ November 2015 Performance Summary Covering All Morningstar-Related Securitizations released Monday.The low delinquency rates and vacancy rates suggest that the overall performance of SFR securitizations is strong two years after the first transaction, IH 2013-SFR1 (Invitation Homes), in the asset class closed, according to Morningstar.Through the end of October, only two of the 22 transactions in Morningstar’s summary had a vacancy rate above 7 percent and only eight out of the 22 had a delinquency rate higher than 1 percent. In addition, the retention rates across the securitizations remained stable and within Morningstar’s expectations during October.“The percentage of month-to-month tenants remains in line with recent history, but Morningstar notes that 16.7 percent of properties in TAH 2015-SFR1 (Tricon American Homes) are occupied by MTM (month-to-month) tenants,” the report stated. “The TAH transaction has historically had the highest percentage among all deals, but this is an increase.”For most transactions covered in the summary, vacancy rates remained under 6 percent in October. The highest vacancy rate for the month went to AH4R 2015-SFR1 (American Homes for Rent) with 8.3 percent, the same as it was in September. However, 60 percent of the 4,661 properties in that transaction had leases expire over the past five months; and properties that have more leases expiring in a given month will generally have a higher vacancy rate. One example of that is the PRD 2015-SFR2 (Progressive Residential), which experienced a vacancy rate increase for the fourth consecutive month in October. This transaction saw 20.1 percent of leases expire in September and October combined, which resulted in an increase in vacancy rate from 3.3 percent in August up to 4.6 percent in September and 6.3 percent in October.The vacancy rate for the ARP 2014-SFR1 (American Residential Properties) deal has also been on the rise, albeit at a slower rate than that of PRD 2015-SFR2. For ARP 2014-SFR1, the vacancy rate has jumped from 6.3 percent in August to 6.9 percent in September to 7.2 percent in October, the second-highest vacancy rate for the month among the 22 transactions behind only AH4R 2015-SFR1.The transaction with the lowest vacancy rate among the 22 securitizations in October was IH 2013-SFR1, which in October 2013 became the very first SFR securitization closed. In October, the vacancy rate for that deal was 3.1 percent.Morningstar’s monthly summary has been developed to give SFR market participants detailed property level information for each securitization, given the limited amount of historical data available for the relatively new asset class. Click here to see the complete summary. The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Young People Buying Homes Earlier but for Similar Reasons

first_imgHome / Daily Dose / Young People Buying Homes Earlier but for Similar Reasons  Print This Post Share Save in Daily Dose, Featured, Headlines, News The Best Markets For Residential Property Investors 2 days ago June 6, 2017 1,694 Views Servicers Navigate the Post-Pandemic World 2 days ago Previous: Patenaude Has Nomination Hearing, Rumors of Otting’s Nomination Confirmed Next: DIMONT Promotes Tom Stover to Chief Solutions Officer First American Financial Corporation First-Time Homebuyers Mark Fleming Millennials Real Estate Sentiment Index 2017-06-06 Staff Writer Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Young People Buying Homes Earlier but for Similar Reasons Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Independent title agents and real estate professionals are confident that transaction volume, purchase transactions, and refinance transactions will grow during the next 12 months, according to the second quarter Real Estate Sentiment Index (RESI) released Tuesday by the First American Financial Corporation. The RESI, which polls industry professionals across the country to gain their unique insight about the future of the housing market, compiles data gathered each quarter to create a composite of national and region-specific information from those on the front lines of the industry. In the realm of volume on a national scale, expectation in residential purchases rose from 71.57 to 77.98, or 8.96 percent from Q1 to Q2. Comparatively, that number is 6.25 percent lower than it was last year. Residential refinances also have higher sentiment than they did during Q1, rising from 39 to 45.76, a gain of 17.33 percent. Year-over-year, that number is down 24.06 percent. There are states, however, in which industry professionals confidence in residential purchase transactions volume increased year-over-year. These states include: Louisiana (24.1 percent), Texas (15.6 percent), New York (12.9 percent), Missouri (11.4 percent), and Tennessee (9.7 percent). Independent title agents and real estate professionals did not have quite as much confidence in the forecast for price growth. In Q1, 3.89 percent of those surveyed believed prices would increase in the coming year; and, in Q2, that number only rose to 4.19 percent. Five states in which professionals predicted the highest residential price increases were: Kentucky (8.6 percent), Washington (8.0 percent), Michigan (6.1 percent), Maryland (6.0 percent), and New York (5.8 percent). The RESI also asked industry professionals about their experience working with first time homebuyers. According to those surveyed, 55.3 percent of first time home buyers were between the ages of 26-30, while 31.5 percent were from the ages of 31-35. Aged 36 and older only accounted for a combined 3.7 percent of first time home buyers, compared to 8.8 percent aged 21-25, indicating that a staggering majority are millennials. Of those first time home buyers, 41.4 percent’s motivation for buying a home was financial investment. 25.2 percent cited having kids/starting a family, and 23.3 percent indicated their reason was due to acquiring a new job and/or receiving increased income. Only 10.0 percent said they wanted to buy a home because they got married. According to First American Financial Corporation chief economist Mark Fleming, the obstacles to buying a home haven’t changed much. “In contrast to the perception that Millennials are eschewing homeownership for the ease and flexibility of renting, this quarter’s survey provided more evidence that millennials are increasingly participating in the housing market … [l]ike generations before them, saving for the down payment is the biggest obstacle. When millennials buy a home may be different, but why Millennials buy homes is arguably the same as it’s always been.” Thirty-seven-point-nine percent of people stated that saving the downpayment was the largest obstacle, with overall affordability being the second largest obstacle (30.8 percent), followed by a limited inventory of likable homes (19.0 percent), and limited access to credit (12.3 percent). Methodology: The First American Real Estate Sentiment Index (RESI) measures title agent sentiment on purchase and refinance transaction volume and price changes across multiple property types, as well as title agent sentiment on current industry issues. The RESI is calculated for each question as the sum of the positive responses minus the sum of the negative responses divided by two and times the total number of responses plus 50, resulting in an index that varies from 0 (all negative sentiment) to 50 (neutral sentiment) to 100 (all positive sentiment). A RESI value above 50 indicates increasingly positive sentiment and a RESI value below 50 indicates increasingly negative sentiment. Aggregated purchase and refinance sentiment indices are created by using a property-type, stock-weighted average of each underlying sentiment index.The overall national sentiment index is a loan purpose market share-weighted average of the aggregate purchase and refinance sentiment indices. Aggregated national price expectations are property-type, state stock weighted. Results are only reported when a sufficient number of survey responses are available to produce valid results. Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Staff Writer Tagged with: First American Financial Corporation First-Time Homebuyers Mark Fleming Millennials Real Estate Sentiment Index Subscribelast_img read more

First Steps to Tax Reform

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post First Steps to Tax Reform Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] The Best Markets For Residential Property Investors 2 days ago Previous: Ocwen on the Rebound Next: Credit Score Facelift Demand Propels Home Prices Upward 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / First Steps to Tax Reform Sign up for DS News Daily Affordable Housing Senate Committee on Finance 2017-08-02 Joey Pizzolatocenter_img About Author: Joey Pizzolato Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, Headlines, News Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The United States Senate Committee on Finance recently held a full committee hearing to discuss ways to increase access for affordable housing across the country; the hearing is part of the committee’s larger endeavor to reform the tax code.Five expert witnesses were invited to testify before the committee, including: Daniel Garcia-Diaz, Director of Financial Markets and Community Investments at the U.S. Government Accountability Office; Grant S. Whitaker, President of the National Council of State Housing Agencies; The Honorable Katherine M. O’Regan, PhD, Faculty Director and Professor of Public Policy at New York University; Kirk McClure, PhD, Professor of the Urban Planning Program at University of Kansas; and Granger MacDonald, Chairman of the Board at the National Association of Home Builders.According Senator Ron Wyden’s (D-Oregon) opening comments, these experts were invited to help brainstorm ways in which the industry could increase supply, a key challenge to the housing market, as well as find ways to incentivize home starts near schools, public transit, parks, and retail establishments. Senator Wyden was also quick to point out that this reform is a bipartisan effort—and was confident if the two sides continued to work together tax reform would likely be “on the horizon.”Daniel Garcia-Diaz’s testimony, of the U.S. Government Accountability Office, focused on how agencies implement federal requirements when awarding Low-Income Housing Tax Credits (LIHTC) while still assessing property costs and monitor compliance, along with the IRS’s oversight of the LIHTC Program. The testimony used reports from the past three years in outlining a suggested route forward. Grant Whitaker also discussed LIHTC, along with Housing Finance Agencies, which work to issue both Housing Credits and Housing Bonds on a state and local level. Katherine O’Regan presented statistics and the eventual backlash of high housing costs and the economic fallout.The main goal of the testimonies for all participants was to discuss ways of eventually lowering housing costs, either by increasing inventory or finding ways for affordable, government subsidies that are sustainable long-term. Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Affordable Housing Senate Committee on Finance August 2, 2017 1,082 Views last_img read more

Fannie Offers $10M for Affordable Housing Solutions

first_img December 19, 2017 2,030 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Fannie Mae is offering $10 million for solutions to the country’s affordable housing issues.  The government-sponsored enterprise issued its Sustainable Communities Innovation Challenge earlier this week.As part of the Challenge, Fannie Mae is requesting proposals from the public, private, and nonprofit sectors for “promising ideas that will help it address the nation’s affordable housing issues,” the GSE reported.According to Jeffery Hayward, EVP and Head of Multifamily at Fannie Mae, the Challenge is part of the GSE’s overall mission to serve the American consumer.“The Challenge is a responsible way for Fannie Mae to uncover and explore innovative solutions to help address the affordable housing crisis in America,” Hayward said. “It supports our broad mission to increase housing opportunities across the country that are safe, sustainable, and affordable. We are excited to collaborate with new partners to source innovative ideas from other sectors.”There will be three parts to the Challenge. The first will focus on the research, design, and development of solutions, and proposals will be accepted through February 23, 2018. Specifically, Fannie is looking for ideas that “expand access to affordable housing in sustainable communities where strong employment opportunities are typically accompanied by high housing costs and improve access to quality employment opportunities for residents of existing affordable housing, while making sure housing is affordable to more people.”The Challenge is just one part of Fannie’s overall Sustainable Communities Partnership and Innovation initiative, which aims to develop “safe, stable, and thriving communities that provide residents with integrated access to quality affordable housing and opportunities for employment, health and wellness, and education.”According to Marie Evans, VP of the Sustainable Communities Partnership and Innovation initiative, the Challenge is designed to tap resources across sectors and industries.“Housing is inextricably linked to the broader community,” Evans said. “Accordingly, we recognize that in order to affect systemic change, affordable housing must be approached holistically, by focusing on where it intersects with key components of a sustainable community. With The Challenge, we are looking for new concepts, designs, and ways of solving our nation’s affordable housing issues from innovators who are working inside and outside of the traditional housing industry. Great ideas can come from anywhere.”To learn more about the Challenge, click here. Tagged with: Affordable Housing Fannie Mae GSE Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Affordable Housing Fannie Mae GSE 2017-12-19 Aly J. Yale 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 Aly J. Yale is a longtime writer and editor from Texas. Her resume boasts positions with The Dallas Morning News, NBC, PBS, and various other regional and national publications. She has also worked with both the Five Star Institute and REO Red Book, as well as various other mortgage industry clients on content strategy, blogging, marketing, and more. Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agocenter_img Home / Daily Dose / Fannie Offers $10M for Affordable Housing Solutions Share Save The Best Markets For Residential Property Investors 2 days ago About Author: Aly J. Yale Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Fannie Offers $10M for Affordable Housing Solutions Related Articles in Daily Dose, Featured, Government, News Previous: Property Taxes a Struggle for Northeast Homeowners Next: Remapping the DNA Subscribelast_img read more

CDC-Issued Eviction/Foreclosure Moratorium Targeted by Lawsuits

first_img  Print This Post CDC-Issued Eviction/Foreclosure Moratorium Targeted by Lawsuits Sign up for DS News Daily Early this month the CDC ordered a halt on foreclosures and evictions through the end of 2020. At the time, some pundits predicted resistance, which is occurring in the form of lawsuits, reported the Davis Brown Law Firm on its blog.According to the site, the legality of the CDC’s order has been in question since the September 4 announcement, and by September 8, a Virginia landlord had filed suit against the CDC.”The suit was filed in U.S. District Court for the Northern District of Georgia where the CDC is headquartered. The landlord claims ‘CDC’s actions are not authorized by statute or regulation … and are an affront to core constitutional limits on federal power.'”Forbes reported that the New Civil Liberties Alliance (NCLA) has since challenged the legality of the federal agency’s order. The National Apartment Association (NAA) has just joined that suit.The organizations have argued that the CDC “encroached on private property rights” and that “federal agencies do not have powers to waive state laws,” according to Forbes.Members of the rental housing industry told the news outlet that the moratorium “undermines obligations to provide safe and affordable housing.” They added that many providers of rental homes are unable to pay taxes, mortgages, insurance, and utilities due to residents’ non-payment of rent.The Davis Brown Law Firm noted that court decisions could roll in as early as a few weeks or as long as a few months. “Unless and until the court grants this request for a temporary injunction order, the CDC order remains in effect,” the lawyers wrote.”Landlords should continue following the order as it stands, as discussed in our prior blog,” they added. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago About Author: Christina Hughes Babb The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe September 21, 2020 2,361 Views Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 2020-09-21 Christina Hughes Babb Home / Daily Dose / CDC-Issued Eviction/Foreclosure Moratorium Targeted by Lawsuits The Best Markets For Residential Property Investors 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Previous: Fannie Mae Report Details Housing’s ‘V-Shaped’ Recovery Next: Study: How the Pandemic Is Impacting Mortgage Delinquencies The Best Markets For Residential Property Investors 2 days ago 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. Demand Propels Home Prices Upward 2 days agolast_img read more

Jury due to retire in Michaela McAreavey murder trial

first_img Guidelines for reopening of hospitality sector published Pinterest The jury in the trial of two men accused of murdering Michaela McAreavey in Mauritius last year is expected to retire today.Closing arguments were heard in the case on Monday – and the judge took two days to consider the evidence before the court.He is due to deliver his address to the jurors today before asking them to commence their deliberations.Michaelas’s widower John McAreavey has been in Mauritius throughout the course of the trial, accompanied by family members. Google+ Previous articleAlgae Bloom causing financial hardship for Donegal farmersNext articleMan drowns in Creggan reservoir News Highland WhatsApp Twitter Three factors driving Donegal housing market – Robinson Pinterest Jury due to retire in Michaela McAreavey murder trial Facebook Twittercenter_img Google+ NPHET ‘positive’ on easing restrictions – Donnelly Facebook RELATED ARTICLESMORE FROM AUTHOR Calls for maternity restrictions to be lifted at LUH WhatsApp By News Highland – July 12, 2012 News LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

Police appeal after man approaches children in Derry

first_img Police appeal after man approaches children in Derry RELATED ARTICLESMORE FROM AUTHOR Calls for maternity restrictions to be lifted at LUH Facebook WhatsApp Police are appealing for information following a suspicious approach in the Glenview Avenue in Shantallow yesterday afternoon, Tuesday 12th June.At around 4pm as three children were playing in the street, a man approached them who was driving a black coloured vehicle.It is believed the vehicle had a taxi sign on the roof and the man is described as being middle aged, with grey hair and was wearing a blue shirt and black trousers.Anyone who may have witnessed the incident, saw the vehicle in the area or has any information is asked to contact Police at Strand Road Guidelines for reopening of hospitality sector published Pinterest Pinterest By News Highland – June 13, 2012 Google+ Twittercenter_img Google+ Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week NPHET ‘positive’ on easing restrictions – Donnelly Previous articleSix Donegal inclusions on latest Revenue defaulters list.Next articleDiscipline for PSNI in relation to suspect sham wedding doesn’t go far enough News Highland Three factors driving Donegal housing market – Robinson Facebook WhatsApp Newsx Adverts LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton last_img read more

Donegal Deputy says new rules introduced by Government will hinder Credit Unions

first_imgHomepage BannerNews Man arrested in Derry on suspicion of drugs and criminal property offences released Donegal Deputy says new rules introduced by Government will hinder Credit Unions A Donegal Deputy is claiming that new rules set to come into effect from January show that Fine Gael favour banks over credit unions and will make sure that credit unions are hindered in every way.Minister for Finance, Michael Noonan has signed regulations that it’s believed, will restrict the size of deposits that can be held by credit unions in a blatant attempt to move savers to the commercial banks.Donegal Deputy Thomas Pringle says the setting up of the Credit Union Advisory Committee to review the changes move is an Election stunt that will in effect, do nothing:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/12/thomasp1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. HSE warns of ‘widespread cancellations’ of appointments next week Google+ Previous articlePolice appeal for information following a man being set alight in DerryNext articleAppeal for information following burglary and attempted burglary in Derry admin WhatsApp Facebook Twitter Twitter By admin – December 29, 2015 center_img Pinterest Google+ Minister McConalogue says he is working to improve fishing quota Dail to vote later on extending emergency Covid powers WhatsApp RELATED ARTICLESMORE FROM AUTHOR Pinterest 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Dail hears questions over design, funding and operation of Mica redress scheme Facebooklast_img read more

Forecast of rain may ease water crisis

first_img Twitter Further drop in people receiving PUP in Donegal By News Highland – June 25, 2010 Gardai continue to investigate Kilmacrennan fire Google+ WhatsApp 75 positive cases of Covid confirmed in North WhatsApp Pinterest Pinterest Facebook Google+center_img Main Evening News, Sport and Obituaries Tuesday May 25th Twitter Previous articleNew consultants for Letterkenny General HospitalNext articleSenator Keaveney slams controversial Mosquito device News Highland RELATED ARTICLESMORE FROM AUTHOR Man arrested on suspicion of drugs and criminal property offences in Derry Newsx Adverts Water should be returning to most homes shortly affected by the latest outage enforced by Donegal County Council to head conserve low stocks.Once again the lough Mourne Water Supply was switched off affecting a number of areas including Lifford, Raphoe and the Twin Towns.Greencastle supply was also switched off affecting all of Greencastle and Shrove.The outages are expected to continue for the foreseeable future and may be extended across the county. Council updates are available herePat Clarke of Met Eireann says there may be some increase in rainfall in the coming days:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/06/pat1pm.mp3[/podcast] Forecast of rain may ease water crisis 365 additional cases of Covid-19 in Republic Facebooklast_img read more