Year In Review: Market Studies News

first_img 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.  Print This Post Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago As the new year rolls in, DS News is taking a look back at some of the biggest market studies headlines and stories of 2014:1. Freddie Mac Predicts Biggest Year for Home Sales Since ’07 –  Freddie Mac predicted that 2015 will see the highest level of home sales in the U.S. since 2007 in its December 2014 U.S. Economic and Housing Market Outlook.2. Millennials Expected to Power Housing Market in 2015 –  The year 2015 is gearing up to be a stronger, more expensive housing market powered for the first time by new millennial buyers, according to the Realtor.com 2015 Housing Forecast.3. Survey: Many Still Believe Housing Recovery Still Three to Five Years Away –  Nearly a third of panelists took a more optimistic view, predicting the market will stabilize one to two years from now, while one in five responded that housing has either already returned to normal or will within the next 12 months.4. Report: Housing in U.S. Not Set Up to Handle Aging Population – The U.S. is not prepared to accommodate its aging population where housing needs are concerned, according to a report released by Harvard Joint Center for Housing Studies and AARP Foundation.5. Survey: Americans Say Student Loan Debt Burden Delays Homeownership – A survey commissioned by NeighborWorks America, a Washington, D.C.-based non-profit community development corporation, revealed that nearly one out of four Americans knows someone who has delayed buying a home because of student loan debt. Is Rise in Forbearance Volume Cause for Concern? 2 days ago Share Save Home / Featured / Year In Review: Market Studies News The Best Markets For Residential Property Investors 2 days ago 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 2014-12-26 Brian Honea Year In Review: Market Studies News Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Featured, Market Studies, News Related Articles Previous: DS News Webcast: Friday 12/26/2014 Next: Year In Review: Foreclosure News December 26, 2014 918 Views Subscribelast_img read more

Digging Deeper Into the Declining Homeownership Rate

The Best Markets For Residential Property Investors 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Digging Deeper Into the Declining Homeownership Rate Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Homeownership Rate St. Louis Fed Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago March 28, 2016 3,161 Views 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.  Print This Post Demand Propels Home Prices Upward 2 days ago Related Articles Homeownership Rate St. Louis Fed 2016-03-28 Brian Honea The Best Markets For Residential Property Investors 2 days ago Digging Deeper Into the Declining Homeownership Rate Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea While many housing fundamentals have been nearing their pre-recession levels for months or even years in some cases, the nationwide homeownership rate sank to a 48-year low of 63.4 percent in the second quarter of 2015.By the end of the year in 2015, the homeownership rate had clawed its way back up to 63.8 percent, but the full year of 2015 still represented the 11th consecutive year of decline since hitting an all-time peak of 69 percent in 2004.Why does the homeownership remain low while other housing fundamentals continue to improve? An analysis from the Federal Reserve Bank of St. Louis titled “If Housing Markets Are Recovering, Why is the Homeownership Rate Still Falling?” provides some of the answers. According to one explanation, the sharp increase in homeownership during the 10-year period prior to 2004 played a role.“Perhaps this period represented an unsustainable shift of many financially weaker families out of rental housing into homeownership, which subsequently reversed with the bursting of the housing bubble and the onset of the Great Recession,” said Bill Emmons, Assistant VP and Economist with the St. Louis Fed.From 1968 until the late 1990s, the homeownership rate fluctuated between 63 and 66 percent over the three decades, which is likely the range to expect in the future, according to Emmons.“Evidence supporting the return-to-normal hypothesis includes greater-than-average declines since 2004 in the homeownership rates of younger, less-educated and nonwhite families—precisely the financially weaker groups that moved into homeownership most rapidly during the housing boom,” Emmons said.Still another explanation is that homeownership today is not as attractive as it has been in past decades because of fluctuations in home values, the tightened standards for obtaining a mortgage loan, and the fact that many millennials consider the prospect of being “tied down” to a house and the obligations that come with it less attractive than previous generations.While it is possible the homeownership rate could decline further and even dip below 60 percent under the “retreat-from-homeownership interpretation of recent experience,” it is still too early to determine if the homeownership rate is on the path to “normalization” or if is in the midst of retreating, Emmons said, but one thing is certain—that the homeowership rate is not likely to approach its peak of 69 percent in the near future. Previous: Just How Far Has REO Fallen? Next: Positive Pending Homes Sales Data Comes With Caveat in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago Subscribe read more

eMortgage Logic Announces New Director of Sales

first_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Home / Featured / eMortgage Logic Announces New Director of Sales April 29, 2016 1,242 Views Previous: Assurant Field Asset Services Welcomes VP of Supply Chain Operations Next: StreetLinks Lender Solutions Hires VP of Operations and Quality Control Governmental Measures Target Expanded Access to Affordable Housing 2 days ago eMortgage Logic (EML), a unit of Assurant Mortgage Solutions, recently announced Anthony Di Staulo as its new Director of Sales.Di Staulo’s focus is to establish new client relationships and foster existing client relationships with mortgage lenders and servicers on a national basis.Prior to joining EML, Di Staulo served as VP of Business Development at Claims Recovery Financial Services, LLC for five years and was AVP of Client Relations at ServiceLink, a Black Knight Company and was business development manager for the Prudential Financial Company of America.Di Staulo joined EML in October 2015 as Director of Sales and has extensive experience in the default mortgage space working with various banks, servicers, and mortgage companies. Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. eMortgage Logic Announces New Director of Sales Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Assurant Mortgage Solutions eMortgage Logic Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Subscribe Is Rise in Forbearance Volume Cause for Concern? 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Featured, News Assurant Mortgage Solutions eMortgage Logic 2016-04-29 Brian Honea About Author: Xhevrije West The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Sign up for DS News Daily last_img read more

LoanScorecard Hires New Managing Director of Capital Markets

first_imgHome / Featured / LoanScorecard Hires New Managing Director of Capital Markets Related Articles Sign up for DS News Daily About Author: Rachel Williams Demand Propels Home Prices Upward 2 days ago LoanScorecard announced that Gerald Casey has joined the company as Managing Director, Capital Markets.In this position, Casey will be responsible for identifying and pursuing LoanScorecard opportunities with originators, aggregators, and issuers of non-agency assets, as well as developing and executing strategies to maximize revenues of non-agency capital market participants and investors. He will report to Ben Wu, Executive Director of LoanScorecard.Casey brings more than 30 years of experience in the financial services industry as a fixed income, residential whole loan trading and technology professional to LoanScorecard with over $60 billion UPB of non-agency whole loans acquired and managed to-date. Most recently, he held the position of Managing Director with Hudson Advisors/Lone Star Funds. In this position, he was responsible for residential non-performing whole loan acquisitions and he acquired, underwrote and directed the default servicing at Caliber Home Loans, a wholly-owned operating company of Lone Star Funds, on over $29 billion UPB for Lone Star Funds’ investors.Prior to Hudson Advisors/Lone Star Funds, Casey was a Portfolio Manager at Westport Capital Partners, an investment management company focused exclusively on opportunistic and distressed real estate investments. His career has also included senior trading, asset management and technology positions as a Principal at The Winter Group, a vertically integrated real estate investment management company, and as Director of Fixed Income Trading and Chief Technology Officer at Beacon Hill Asset Management, a hedge fund specializing in investing and trading mortgage-backed securities. Casey began his career in financial services providing technology solutions to Lipper Analytical Services, now Thomson Reuters Lipper, and Barron Funds.“LoanScorecard is committed to supporting capital and secondary market players as they expand their non-agency and portfolio offerings,” said Wu. “Adding a leader with Gerald’s experience will allow us to better serve our clients by providing strategic solutions that make their businesses more efficient and effective.”  Print This Post Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Featured, News, Technology Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago HOUSING LoanScoreCard mortgage 2017-10-23 rachelwilliamscenter_img October 23, 2017 1,079 Views The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Is Rise in Forbearance Volume Cause for Concern? 2 days ago Previous: First American Introduces New Valuation for Appraisal Process Next: Metro-West Appoints VP of Appraiser Advancement Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: HOUSING LoanScoreCard mortgage The Best Markets For Residential Property Investors 2 days ago Share Save LoanScorecard Hires New Managing Director of Capital Markets Rachel Williams attended Texas Christian University (TCU), where she graduated with Magna Cum Laude with a dual Bachelor of Arts in English and History. Williams is a member of Phi Beta Kappa, widely recognized as the nation’s most prestigious honor society. Subsequent to graduating from TCU, Williams joined the Five Star Institute as an editorial intern, advancing to staff writer, associate editor and is currently the editor in chief and head of corporate communications. She has over a decade of editorial experience with a primary focus on the U.S. residential mortgage industry and financial markets. Williams resides in Dallas, Texas with her husband. She can be reached at [email protected] last_img read more

Keeping Up With Home Sales

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Top 3 Barriers to Homeownership Next: Tallying the Foreclosure Damage in Daily Dose, Featured, Headlines, Market Studies, News Home Sales HOUSING market update mortgage 2017-11-17 Nicole Casperson Tagged with: Home Sales HOUSING market update mortgage Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The November RE/MAX National Housing Report recently released, reporting that October home sales increased 2.5 percent year-over-year—keeping 2017 prices ahead of 2016.In terms of inventory, the report found that October’s supply decreased to 3.3 percent, representing the lowest for any October since the housing report began tracking data nine years ago.Median sales prices are now $224,000, which is an increase of 3.3 percent compared to October 2016.According to Adam Contos, RE/MAX Co-CEO, the housing market is steady and at least somewhat predictable with record-low inventory and increasing prices in markets across the country.“With job growth and increased household formation, buyers will struggle and may even be priced out of the market until homebuilding catches up,” Contos said.Thirty-seven of the 53 metro areas RE/MAX tracks experienced increases in sales year-over-year. Meanwhile, the average number of home sales for all metros decreased to 3.4 percent in October compared to the previous month. However, home sales increased 2.5 percent compared to October of last year.The report also noted significant changes in the most recent data. Days on the market increased by two days, from 49 in September to 51 in October—but decreased by seven days from October 2016.In addition, the month’s supply of inventory experienced a decrease of 6.3 percent from September 2017, and dropped 13.4 percent from October 2016.Based on the rate of home sales in October, the Months Supply of Inventory decreased to 3.3 from September 2017 at 3.6, compared to October 2016 at 3.9.According to RE/MAX, a 6.0-months supply indicates a market balanced equally between buyers and sellers. In October 2017, 50 of the 53 metro areas surveyed reported a months supply at or less than 6.0, which is typically considered a seller’s market.View the full report by clicking here. November 17, 2017 1,343 Views The Best Markets For Residential Property Investors 2 days agocenter_img 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] Related Articles Sign up for DS News Daily Keeping Up With Home Sales Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Keeping Up With Home Sales Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Nicole Casperson Share Save Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

Less Than 10 Percent of Los Angeles Homes Considered Affordable

first_imgHome / Daily Dose / Less Than 10 Percent of Los Angeles Homes Considered Affordable The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Identifying Housing Bubbles Next: Tapping Into Home Equity in Daily Dose, Featured, Market Studies, News According to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released on Thursday, the nation’s least affordable housing market of the past five years, San Francisco, was just replaced by Los Angeles.In the Los Angeles-Long Beach-Glendale market only 9.1 percent of new and existing houses are considered affordable to families earning the area’s median income of $64,300. Overall, California is also home to five of the nation’s least affordable small housing markets.According to the NAHB/Wells Fargo Housing Opportunity Index (HOI), across the nation, the amount of new and existing homes affordable to families earning the U.S. median income of $68,000 is at 58.3 percent for Q3 2017, which is down from 59.4 percent from Q2 2017. The NAHB numbers indicate an overall national trend of homes becoming less affordable for families.The NAHB also reports that the national median home price of $256,000 in the Q2 jumped to $260,000 in Q3. Mortgage rates for the Q3 are also up 2 basis points to 4.1 percent from 4.08 percent in Q2.During the quarter, three of the top 10 most affordable large metros were located in the Northeast, six in the Midwest, and one in the South. While the West wasn’t able to break into the top 10 for affordability, nine of the top 10 most unaffordable large metros were in the West, with one in the Northeast. In terms of small metros, all 10 of the top 10 most unaffordable small metros were in the West.This quarter, Youngstown-Warren-Boardman, Ohio-Pennsylvania led the nation’s large housing markets in terms of affordability with 90.1 percent of new and existing houses being affordable to families earning the area’s median income of $54,600. Related Articles Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home Prices HOUSING mortgage NAHB Wells Fargo 2017-11-09 rachelwilliams Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 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 Tagged with: Home Prices HOUSING mortgage NAHB Wells Fargo November 9, 2017 1,700 Views Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Less Than 10 Percent of Los Angeles Homes Considered Affordable Subscribelast_img read more

“It Just Appealed to Me”: Robert Klein’s Property Preservation Legacy

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Abandoned Property Clear Boarding Property Preservation Robert Klein Safeguard Properties Vacant and Abandoned Homes zombie homes “It Just Appealed to Me”: Robert Klein’s Property Preservation Legacy in Daily Dose, Featured, News, REO, Servicing Sign up for DS News Daily 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 May 9, 2018 3,681 Views Previous: How Much Home Can a Teacher Afford? Next: Industry Groups Petition FCC for Autodialer Clarification Demand Propels Home Prices Upward 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] Demand Propels Home Prices Upward 2 days ago About Author: David Whartoncenter_img Abandoned Property Clear Boarding Property Preservation Robert Klein Safeguard Properties Vacant and Abandoned Homes zombie homes 2018-05-09 David Wharton Subscribe The Best Markets For Residential Property Investors 2 days ago Last week, DS News was sad to report the death of industry icon Robert Klein, Founder and Chairman of Safeguard Properties. Under Klein’s stewardship, Safeguard grew from its humble beginnings as a two-man operation in a basement office into a national mortgage field services business worth millions of dollars and employing hundreds of professionals. Klein was also Founder and Chairman of SecureView, Founder and Chairman of Community Blight Solutions, and Founder and Chairman of RIK Enterprises.After his death, DS News reached out to several of Klein’s colleagues who knew him as both a consummate professional and a generous friend. You can read those reminiscences here, but today DS News looks back at Klein’s legacy within the industry.Back in 2015, as Safeguard Properties was celebrating its 25th anniversary, Klein sat down with DS News for a cover-story feature profile (which you can read here). Looking back at Safeguard’s beginnings, Klein couldn’t quite explain why he’d become interested enough in property preservation to actually start a company dedicated to it. “I can’t really tell you why: it just appealed to me,” Klein told DS News. “I just liked the concept of doing property inspections for mortgage companies.”That interest served him well. In the days before the housing crisis, however, inspections of vacant properties were not necessarily given the attention they would come to receive. “The field service industry in those years did not have a good reputation, and it was my job to change that reputation.”Klein began to work toward that goal in several ways, including requiring that his inspectors actually perform complete visual inspections of the properties—contrary to the trend of “drive-by inspections” that were commonplace at the time. Klein reached out to HUD representatives to inform them of the changes. When HUD asked why he was committed to going the extra mile, Klein told them, “We’re going to go inside the property to see it, so that we can save you millions of dollars in damages.”HUD soon made Klein’s monthly full inspection approach policy, informing inspectors that if they did not comply, they would be held responsible for any subsequent damage. Klein helped establish the industry standard for property inspections.“The whole concept of looking out for the industry and not just Safeguard was my goal,” Klein told DS News in 2015. “It was the right thing to do.”Klein continued to build relationships with the federal agencies tasked with overseeing the housing and mortgage industries, but he didn’t stop there. In 2004, he launched the industry’s first property preservation conference, bringing together various competing companies to ensure collaboration toward best practices across the board. When industry-impacting events such as Hurricane Katrina happened, Klein would often arrange conference calls to hash out the challenges being faced and the lessons learned.In September 2016, DS News again interviewed Klein, at that point serving as Chairman and Co-Founder of SecureView and a passionate advocate against community blight and zombie homes. Klein was a strong proponent of replacing plywood with polycarbonate clear boarding—another change that is well on its way to becoming an industry standard.“This product has all the benefits of what we need in the industry to secure vacant properties,” Klein said at the time. “This is what I have been focusing on in the past two years, and I’m not trying to brag, but I am right.” Many agreed—Fannie Mae banned the use of plywood to secure vacant properties in March 2017, and many local governments have since followed suit.During his 2016 DS News interview, Klein highlighted another major challenge within the field of property preservation: fast-tracking vacant properties so they can get back on the market. Again, this issue is something many in the industry are working to address.DS News tips its hat to the life and legacy of Robert Klein, and offers its condolences to his friends and family. He was a true industry icon, gone too soon. The Best Markets For Residential Property Investors 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / “It Just Appealed to Me”: Robert Klein’s Property Preservation Legacy Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

BofA CEO Talks Response to COVID-19

first_img Tagged with: Bank of America coroanvirus Mortgage Forbearance Related Articles Share Save Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Brian Moynihan, CEO of Bank of America, told CNBC on Friday that his bank has helped nearly half a million customers defer their mortgage payments. “What we mean by that is for our mortgage customers, if you have your mortgage with us, we just tack it on at the end. So, if it’s 28 years left on your mortgage, somewhere out there, 28 years from now if you don’t move, you don’t pay off your mortgage, or something like that doesn’t go on, you’ll have to make up the three payments that you made up in the summer here,” Moynihan said. He added the idea of deferring the payment is to “defer the impact.” He also said the main key of the recently-passed $2.2 trillion CARES Act is to make sure money stays in the hands of people so they live and continue paying their bills. “The other question is, I think incumbent upon employers like us, is keep the people employed, keep paying them—they should be able to pay their bills,” he said. Moynihan put the half a million homeowners helped into perspective, saying Bank of America has 66 million customers. However, he noted there are still many people working and able to pay their bills. “They’re still working, and they should pay their bills, would be my advice to the people, not only to a policy question but also the fiscal management question. So, we’re working with people who are losing their jobs. We have to preserve the ability to have cash flow,” Moynihan said. The U.S. Department of Housing and Urban Development (HUD) announced a tailored set of mortgage relief options for homeowners with FHA-insured mortgages who have been impacted by COVID-19. HUD states, effective immediately for those who cannot make mortgage payments due to the virus, servicers must extend deferred or reduced mortgage payment options for up to six and also provide an additional six months of forbearance if requested by the borrower. This measure implements provisions contained in the CARES Act signed by President Donald Trump on March 27. “The last thing any of us wants is for Americans to lose their homes unnecessarily while we continue to fight this invisible enemy. If you’re struggling, immediate help is now available. The FHA will continue to work with stakeholders to ensure that the loss mitigation options that are offered for both forward and reverse borrowers are appropriately tailored for the present situation,” said Dr. Benjamin Carson, Secretary of HUD.  Home / Daily Dose / BofA CEO Talks Response to COVID-19 Bank of America coroanvirus Mortgage Forbearance 2020-04-03 Mike Albanese Sign up for DS News Daily About Author: Mike Albanese in Daily Dose, Featured, Market Studies, News 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.  Print This Post Demand Propels Home Prices Upward 2 days agocenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Industry Responds to Record Unemployment Next: Mortgage Leaders to Discuss Pandemic Response Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago April 3, 2020 1,666 Views BofA CEO Talks Response to COVID-19 Subscribelast_img read more

Increasing Productivity for Mortgage Servicers

first_img Servicers Navigate the Post-Pandemic World 2 days ago Increasing Productivity for Mortgage Servicers The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago June 26, 2020 886 Views Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Mortgage Servicers Technology 2020-06-26 Mike Albanese About Author: Brian Majeska in Daily Dose, Featured, News, Technology Related Articles Tagged with: Mortgage Servicers Technology Data Provider Black Knight to Acquire Top of Mind 2 days ago Brian Majeska has more than two decades of IT experience including managing large server clusters with millions of customers, managing petabytes of data, building scalable service infrastructures and managing systems operations teams. He has been instrumental in reducing LERETA’s cloud expenditure by more than 50%. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save As more servicers look for ways to trim costs and increase productivity, they should take a closer look at Single Sign-On (SSO), which does just that as well as reduce IT costs. What is SSO?  It is an authentication process allowing employees to use the same username and password to access multiple applications. Basically, employees login one time for all applications they have access to and this eliminates further password prompts as they switch between applications. Businesses everywhere including large and small servicing shops are adopting online, web, or cloud-based tools at an increasing pace. In order to maintain some order as this happens, SSO solutions can be configured to work for a mix of both in-house and online web tools.  SSO can also help your business by increasing employee productivity. The average business employee must keep track of 20+ usernames and passwords, according to an article written by Gary Davis, Chief Consumer Security Evangelist at McAfee. Their daily routines will become more efficient as business applications and tools are converted to SSO; there will be fewer usernames and passwords to manage for each application, which streamlines processes and workflows. Less time being locked out of applications and waiting for password resets equates to less idle time that could be spent being productive. While this may sound insignificant, employees that login to many websites, tools, or applications daily with different usernames and passwords will think otherwise.  Lowering the cost of doing business is important to most companies, especially as rates remain low and consumers consider refinancing more and more. Adopting SSO can help with that. Consider this:  password resets make up 20% to 50% of average Help Desk requests, according to a 2018 white paper on the topic from Okta, a public company that provides an identity for enterprise and enables organizations to securely connect people with the technology they need when they need it.   According to the whitepaper, “The average company has over 80 apps, and even when accessed through SSO, it’s inevitable that users will occasionally forget their one password. A forgotten password usually results in a password reset process, which can create challenges and inefficiencies for both the end-user as well as the IT department.”  Needless to say, fewer passwords for employees to remember means fewer resets, which in turn means calls and tickets to your Helpdesk and IT staff for password resets will be reduced. Being able to free Helpdesk and IT resources enables those individuals to focus on their primary responsibilities, helping other parts of your business run smoother.  Home / Daily Dose / Increasing Productivity for Mortgage Servicers Protecting Data Security is also an area that can be improved by using SSO with multi-factor authentication. Multi-factor authentication usually requires a password and a one-time token often generated by a mobile application or hardware key. According to the findings of a 2019 survey from the Ponemon Institute, few people actually take advantage of this added security.  The study also found with SSO that each application will have a smaller security footprint since the need to store usernames and passwords for users will be minimized. Employees will no longer need to write down passwords reducing the risk of their credentials being compromised. Onboarding and offboarding employee accounts will be simpler with one location to add or remove employee accounts. You and your auditors will be happy! The road to SSO can be longer depending on how many applications your company is currently using. It is also possible some of those older applications are not compatible with SSO as of yet.  However, over time applications and tools will be upgraded, and being prepared to configure them for SSO will make your employee’s lives easier, your IT staff happy and your business more secure.  Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: DS5: Protecting Homeowners From Fraud Next: Forbearances Rise After Three Weeks of Declines The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

Donegal reps happy with American and British tour operators meeting

first_img Three factors driving Donegal housing market – Robinson News RELATED ARTICLESMORE FROM AUTHOR Donegal reps happy with American and British tour operators meeting Twitter By News Highland – September 14, 2012 Pinterest WhatsApp Google+ Guidelines for reopening of hospitality sector published Previous articleWarning over bogus callers in Donegal and DerryNext articleFuture of Donegal town councils should be known next week News Highland WhatsAppcenter_img Facebook Pinterest Calls for maternity restrictions to be lifted at LUH Google+ 448 new cases of Covid 19 reported today Help sought in search for missing 27 year old in Letterkenny Representatives of Donegal’s tourism industry have this week met with over 60 American and Canadian top tour operators with the hope of boosting tourist numbers from the two countries next year.The operators were briefed on The Gathering 2013 and how they can work next year’s festivities into their itineraries.The meetings come as the tour operators make final decisions about what packages to offer their customers during 2013.Failte Ireland’s Martina Bromley says the tour operators have the potential to deliver significant amounts of visitors to Ireland with Donegal getting its fair share:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/09/martrawTOUTISTS.mp3[/podcast] Twitter NPHET ‘positive’ on easing restrictions – Donnelly Facebooklast_img read more