This Factor Is Keeping Many Homeowners From Moving

first_img Alison Rich has a long-time tenure in the writing and editing realm, touting an impressive body of work that has been featured in local and national consumer and trade publications spanning industries and audiences. She has worked for DS News and MReport magazines—both in print and online—since they launched. Home / Daily Dose / This Factor Is Keeping Many Homeowners From Moving Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago About Author: Alison Rich Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Share Savecenter_img in Daily Dose, Featured, Journal, Market Studies, News Related Articles Homebuyers Homeowners Homeownership Moving SpareFoot 2018-04-27 Alison Rich  Print This Post April 27, 2018 1,585 Views Previous: The Worst Home Markets for Millennials Next: Can Tiny Homes Help Combat Affordability Issues? Tagged with: Homebuyers Homeowners Homeownership Moving SpareFoot Servicers Navigate the Post-Pandemic World 2 days ago From the aggravation of purging and packing to the annoyance of scheduling and transporting belongings from point A to B, the process of moving can sometimes be rife with frustrations. According to a survey conducted by SpareFoot, an online self-storage marketplace, nearly two-thirds of those surveyed said they would consider moving if not for the hassles involved.The company surveyed more than 1,000 Americans adults to gauge a clearer understanding of how and why consumers are moving. Although 46 percent said they had moved recently or planned on moving in the next year, 67 percent said they would definitely or probably move if the process were easier and less anxiety-ridden, SpareFoot reported.Additional data serves to underscore that sentiment: The headaches associated with a move have left 66 percent of respondents feeling stuck in a home they don’t like, while 49 percent have reported tolerating a bad roommate simply to avoid a move. Millennials and Gen Z’ers are less likely to turn the other cheek, however, with nearly one-third, or 32 percent, saying they have moved in the past year, compared with a mere 15 percent of the general populace.As for why people have moved, the reasons vary. Thirty-seven percent reported moving in order to find more affordable housing, 28 percent said they had moved for a job, 19 percent cited a desire to flee an undesirable neighbor, and 13 percent reported moving in search of a home that could better accommodate their pets, SpareFoot says. A majority said the best thing about moving was having a “fresh clean space,” the company noted.Of course, there is more than just inconvenience and anxiety compelling some homeowners to stay put where they are. The housing market has been defined in recent months by skyrocketing home prices, insufficient housing inventory, and gradually increasing interest rates. While homebuyer demand remains strong, finding that dream home can definitely be more complicated these days.Echoing the SpareFoot survey results, a recent Bankrate survey found that 62 percent of surveyed homeowners said they had no plans to move out of their current home, whereas 30 percent said they planned to move sometime within a decade. Breaking it down further, 21 percent said they planned to move within 0-5 years, 14 percent said they planned to move within 6-20 years, and just 3 percent said they planned to move, but not for more than 20 years. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago This Factor Is Keeping Many Homeowners From Moving Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Gender Gap in Homeownership

first_img About Author: Donna Joseph Home / Daily Dose / Gender Gap in Homeownership in Daily Dose, Featured, Market Studies, News, Servicing  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Previous: State of the Foreclosure Market Next: Another Look at GSE Credit Score Models The Best Markets For Residential Property Investors 2 days ago Share Save Sign up for DS News Daily December 13, 2018 1,626 Views Gender Gap in Homeownership Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Homeownership LendingTree 2018-12-13 Donna Joseph LendingTree’s report titled, ‘A Different Kind of Gender Gap: Homeownership Is More Common Among Single Women Than Single Men,’ revealed that single women are outpacing single men as homeowners. Despite the wage gap prevalent across the nation, wherein a woman earns only  80% of what the average man does, this is a surprising trend, it noted. According to the report, single women own over 820,000 homes in the New York metropolitan area. Los Angeles recorded 460,000 homes owned by single women. Compare this to single men, the number is considerably low at 435,000 homes in the New York area and about 260,000 homes in the Los Angeles area—both cases revealing that single women own nearly twice as many homes than single men do. It also pointed out that the trend remains the same in all of the 50 largest metropolitan areas surveyed. On average, single women own over 70,000 more homes in metro areas than single men do, which is 22 percent of homes, while single men own less than 13 percent of homes.To determine the number of single homeowners in each metro area, LendingTree analyzed data from the 2017 American Community Survey. It defined single homeowners as single men or women who live in owner-occupied homes.The largest share of homes owned by single men is in Oklahoma City at 16 percent. However, the report indicated that they still own fewer homes than single women, who own 24 percent of residential properties in the area. Single women own the largest share of owner-occupied homes in New Orleans metropolitan area. In this area, single women own nearly twice as many homes than single men do: 27 percent compared with 15 percent.New Orleans and Las Vegas were among metros with the largest share of single-men homeowners. Miami; Birmingham, Alabama; and Richmond, Virginia; featured in the list of metros with the widest gender gap between single homeowners. Read the full report here. Demand Propels Home Prices Upward 2 days ago Tagged with: Homeownership LendingTree The Best Markets For Residential Property Investors 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

The ‘Three Cs’ of a Balanced Mortgage Servicing Industry

first_imgHow does technology make things easier when a borrower is approaching default? Consumers can apply for loss mitigation online, and they can check the status of their loss mitigation online via a mobile app. Intuitively, that feels like that should make it easier. However, we are a very data-driven organization, and right now, we don’t have the data to prove that intuition as yet. But intuitively, if I’m making it easier, I’m making the conversation easier for the consumer. They can check the status whenever they want. How do you make the process more frictionless? We are making it easier for the consumer to interact with us to pay their mortgage. in Daily Dose, Featured, News, Print Features  Print This Post 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 “Servicing is effectively what I call a ‘needle in a haystack’ problem. If you service 100,000 loans, you know that most of your risk lies in the 20 or 50 loans where something wrong may have happened. Most servicers are running at a level of quality where 99% of the loans are working just fine. It is the last 1% that causes issues.” How can servicers control and mitigate costs? Servicing is effectively the manufacturing part of the business, so there are lessons that can be taken away from the manufacturing business. We can look at the manufacturers who’ve been doing it for over 100 years and ask, “What lessons can be learned?” There are three key things that every servicer should be thinking about. One is the whole category of digital. A second is what I call “lean manufacturing.” How can we bring lean manufacturing process philosophy into servicing? Finally, servicers need to look at the global delivery model. Every manufacturer in every other industry uses a global delivery model. Every service company has to use the global delivery model.One of the things that we feel particularly proud of at BSI is our view that servicing is effectively what I call a “needle in a haystack” problem. If you service 100,000 loans, you know that most of your risk lies in the 20 or 50 loans where something wrong may have happened. Most servicers are running at a level of quality where 99% of the loans are working just fine. It is the last 1% that causes issues. What we have spent a lot of time, effort, and money on is in using technology to identify those high-risk assets and then put corrective measures in place. If somebody or some process made a mistake on the loan, if we look at the data on the loan, we should be able to identify a large number of exceptions, whether that is in the escrow process, the loan-boarding process, or the default process—everywhere in the process. It’s just about making the best use of the data you have. What are the key challenges facing lenders and servicers, and how do you see them changing this year? As a servicer, you have the “Three Cs.” There is the customer experience, there is compliance, and there is cost. It was probably true 30 years ago, and it’ll be true 30 years from now as well. Servicers have to look at all of those things. From there, then you get more into questions such as, “What is the economy doing, and what does that do to us as servicers?” Similar things can be said about the lending segment. What are the things that impact the performance of the portfolio? Rates have a huge impact. Natural disasters have a huge impact. Credit quality has a huge impact. Those are three things that jump up to the top of my mind. Depending on where we are in the economic cycle, what may be happening to the economy, those three things—or natural disasters, we can’t forecast those. The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 2020-02-10 Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago Previous: Seaside National Bank Selects BSI Loan Servicing Tech Next: Fintech Innovation vs. Cybersecurity Concerns 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 agocenter_img Related Articles February 10, 2020 1,498 Views Share Save The ‘Three Cs’ of a Balanced Mortgage Servicing Industry Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / The ‘Three Cs’ of a Balanced Mortgage Servicing Industry The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Mike Albanese Is it harder to drive innovation on the servicing side of the industry? Innovation is to a company what eating healthy and doing exercise is to a human being. You always need to eat healthy and do exercise. A doctor may say, when somebody is really sick, “There’s an emergency reason to do it.” But for the long-term health of the person, they always have to eat healthy and exercise. I would argue that the same thing applies to innovation within companies. We always need to be innovating. Instead, it becomes a question of, in what area should they focus their efforts? As a company, we’ve said, the customer experience is becoming much more digital and mobile. We’ve made the determination as a company that we need to focus on the customer experience, and so we over-invested in technology in order to build those proprietary tools. A decent chunk of our businesses is made up of multiple-property investors. We are actually one of the largest servicers in the industry of that product. So as far as the mobile technology in all this, the one portal, what are the needs of your customer base? How do those change when you’re talking about the investor side of things as opposed to the needs of a typical homebuyer? In the traditional homebuyer case, many consumers want to put their mortgage on autopilot. In the investor case, they’re taking new loans because they may buy a new property; then they may rent it out, or they may want to fix it and sell it and then they buy another new property. So that tends to be much more high-touch. The investor loan product is also high touch, but it is high-touch in a different way. Historically, the industry has defined hightouch to mean default, but high-touch doesn’t have to mean default. High-touch really just means the customer wants to talk to us. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Editor’s note: This feature originally appeared in the February issue of DS NewsGagan Sharma acquired BSI Financial Services from a bank in 2006. Prior to BSI, Sharma founded a global outsourcing company serving the financial services and technology industries. He raised institutional equity financing and increased the company’s labor force to more than 1,200 people before selling it. Before that, Sharma was a consultant with Deloitte, advising clients on matters of strategy and operations in the financial services and high-tech industries. He was recently a finalist in the EY Entrepreneur of the Year for the Southwest Region. Sharma has an MBA from the Wharton School at the University of Pennsylvania and a B Tech from the Indian Institute of Technology, Delhi. While speaking with DS News, Sharma said that embracing innovation in 2020 will require learning critical lessons from 2019 and knowing how to grow amidst the ongoing low default environment. An industry expert on technology within mortgage servicing, Sharma spoke with DS News about his “Three C’s” of balancing servicing, and how his company is utilizing the latest digital tech to improve. Subscribelast_img read more

For Housing Assistance to Work, Communication Must Improve

first_img in Daily Dose, Featured, News Share Save March 10, 2021 913 Views Home / Daily Dose / For Housing Assistance to Work, Communication Must Improve 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. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Examining Mortgage Liens and ‘Equitable Subrogation’ Next: Climbing the Ladder of Housing Opportunity The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles 2021-03-10 Christina Hughes Babb For Housing Assistance to Work, Communication Must Improve In the year or so since the coronavirus pandemic crippled the U.S. economy and sent unemployment rates through the roof, the federal government and government-controlled agencies have put provisions in place for struggling homeowners as well as renters and their property owners. From the national eviction moratorium to emergency rental assistance, these programs are working to keep people housed, however, according to researchers, the effectiveness of these tools depends on understanding and communication.”For these protections to work, landlords and tenants must take certain steps,” note Urban Institute research associates Laurie Goodman and Jung Hyun Choi.For example, the rental assistance program passed in December requires landlords, on behalf of a tenant, or tenants themselves to apply for assistance. The eviction moratorium requires both the landlord and the tenant to know the moratorium is in place.”We fear that these policies will not be as effective as they could be because too few mom-and-pop landlords and their tenants are aware of them,” Goodman and Choi wrote.A co-study by Urban Institute and Avail, a platform that periodically surveys its landlords and tenants, validated that concern. The results show that out of the 1,200 landlords and 2,500 tenants who responded, most landlords and tenants that Avail serves—who own or live in one-to-four-unit rental properties—were unaware of rental assistance, and most tenants do not know about the eviction moratorium extension.While landlords reported a higher level of awareness than tenants, but even for those property owners, the report showed, “awareness was modest.”Almost half (48%) of landlords knew about government-sponsored rental assistance, while 31% of tenants understood that assistance is available.Higher earning tenants ($100,000 a year) had somewhat higher awareness about programs—38%—than those with lower incomes.Responses indicated that information is not reaching the tenants who are in most need, the researchers said.”Landlords who have experienced rental income losses were more likely to know about the assistance, but tenants with challenges paying rent were less likely to know about the assistance.”Even among those who know about and who have sought assistance, misgivings abound, the study showed.”Landlords and tenants who applied expressed that finding assistance and uncertainty about whether they would receive assistance were major barriers. The lack of awareness of the program plus the lack of applications on the part of eligible landlords and tenants indicates adequate funding may not reach those in need.As for the recently extended nationwide foreclosure and eviction moratorium, most landlords know about it, while fewer than half of renters surveyed were informed.The researchers call some of their findings— low overall awareness and low application rates even among those who see themselves as eligible, for example—”disturbing.””It is especially concerning that the tenants most in need are less aware of both rental assistance and the eviction moratorium extension, which increases their possibility of eviction without having an opportunity to exercise their rights. More outreach is critical to ensure that both renters and landlords are aware of their options.”Read the full study at urban.org.  Print This Post Sign up for DS News Daily Subscribelast_img read more

Highland’s Farming News – Thursday 4th August

first_img Google+ Twitter Previous articleMajor changes proposed for All Ireland football championshipNext articleMan detained in Letterkenny in connection with Denis Donaldson murder admin News 448 new cases of Covid 19 reported today Google+ By admin – August 4, 2016 RELATED ARTICLESMORE FROM AUTHOR Pinterest Twitter Facebook Three factors driving Donegal housing market – Robinson center_img Highland’s Farming News – Thursday 4th August Help sought in search for missing 27 year old in Letterkenny WhatsApp Facebook NPHET ‘positive’ on easing restrictions – Donnelly A 15 Minute Programme presented by Chris Ashmore every Thursday at 7.05pm highlighting all that’s happening in the farming community.Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/08/Farming1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest WhatsApp Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector publishedlast_img read more

Calls made for an all-Ireland market for electricity and water

first_img Guidelines for reopening of hospitality sector published Twitter News Pinterest Help sought in search for missing 27 year old in Letterkenny Google+ WhatsApp WhatsApp Calls are being made for an all-Ireland market for electricity and water.SDLP Fermanagh and South Tyrone MLA Tommy Gallagher has asked regulators on both sides of the border to sort out the provision.One of his constituents, who lives close to the Donegal border, was turned down by ESB, as the company cannot connect to new customers in the North.Mr Gallagher says that cross-border connections have been used for a long time, and should be allowed continue.[podcast]http://www.highlandradio.com/wp-content/uploads/2010/03/tommyg.mp3[/podcast] 448 new cases of Covid 19 reported today Calls for maternity restrictions to be lifted at LUH Pinterestcenter_img Facebook RELATED ARTICLESMORE FROM AUTHOR Three factors driving Donegal housing market – Robinson Facebook Google+ NPHET ‘positive’ on easing restrictions – Donnelly By News Highland – March 25, 2010 Previous articleMinister for Health must reverse decision to slash home help hours in DonegalNext article23-year-old accused of punching elderly women in face, remanded in custody News Highland Calls made for an all-Ireland market for electricity and water Twitterlast_img read more

Injuries board pays out €5.5m to Donegal claimants

first_img Facebook Almost 10,000 appointments cancelled in Saolta Hospital Group this week Guidelines for reopening of hospitality sector published Pinterest Twitter Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Injuries board pays out €5.5m to Donegal claimants WhatsApp Google+ Facebook Twitter WhatsAppcenter_img RELATED ARTICLESMORE FROM AUTHOR Google+ News By News Highland – March 14, 2012 Previous articleNorthwest MEP says HSE are re-hiring retired staffNext articleInishowen clean-up to take place next month News Highland Figures from the injuries board for last year show that there was a significant increase in compensation paid out to Donegal people compared to 2010.Last year compensation for claimants in Donegal totaled €5.5m.Last year injuries board dot ie made 224 awards to claimants in Donegal in 2011 – this compared to 233 in 2010.The amount of compensation for claimants in the county totaled €5.5m last year, that is up on the 4.7 million awarded in 2010.Donegal had one of the highest levels of cases dealt with by the board outside of the main population centres.Nationally, over three quarters of awards were for injuries from road traffic accidents while the remainder were split between workplace (8.4%) and public place (15.1%) accidents.The board was established by the government in 2004 – It is claimed that as a result motor insurance premiums have dropped over its life time and cases that took years to resolve are being dealt with within months. LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest Calls for maternity restrictions to be lifted at LUH Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

British Irish Parliamentary meeting ends in Letterkenny

first_img The 46th plenary session of the British-Irish Parliamentary Assembly has concluded at Letterkenny Institute of Technology.The inter-parliamentary group of public representatives heard from a variety of speakers on the theme of ‘Energy across Borders – Delivering the Economic Opportunities”.Assembly members heard that energy policy and energy cooperation is an element which goes to the core of the British Irish economic relationship.Assembly Co-Chair Deputy Joe Mc Hugh says a number of important agreements were made………..[podcast]http://www.highlandradio.com/wp-content/uploads/2013/03/joemc530.mp3[/podcast] Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Previous articleFourth arrest in Derry mortar investigationNext articleFive Donegal names on latest tax defaulters list News Highland News By News Highland – March 5, 2013 LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton RELATED ARTICLESMORE FROM AUTHOR Facebook Twitter Google+center_img Twitter WhatsApp Guidelines for reopening of hospitality sector published Pinterest Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Calls for maternity restrictions to be lifted at LUH WhatsApp Google+ British Irish Parliamentary meeting ends in Letterkenny Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

Strabane Councillor wants improvement to Bridge Street traffic

first_img Pinterest Previous articleBoxing – Victory For Quigley On World Series DebutNext article1991 RUC probe into Buchanan and Howell deaths was flawed – Ombudsman News Highland Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApp Google+ Newsx Adverts A Strabane Councillor is calling on the Roads Service to take a close look at Bridge Street in the town. Cllr Patsy Kelly says there is serious traffic congestion on the street and also on the bridge itself.Cllr Kelly believes there is potential to widen the road, and says at a time when every effort is being made to attract people into the town, it’s vital that everything is done to impriove traffic flow.He wants an immediate study of Bridge Street to establish the extent of the problem………. LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton By News Highland – December 6, 2011 Pinterest Facebook WhatsAppcenter_img RELATED ARTICLESMORE FROM AUTHOR Facebook Twitter Google+ Twitter Minister McConalogue says he is working to improve fishing quota Need for issues with Mica redress scheme to be addressed raised in Seanad also Strabane Councillor wants improvement to Bridge Street traffic 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Dail hears questions over design, funding and operation of Mica redress schemelast_img read more

Cable thieves leave several households without phone lines

first_img Twitter Cable thieves leave several households without phone lines 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 RELATED ARTICLESMORE FROM AUTHOR Twitter WhatsApp Minister McConalogue says he is working to improve fishing quota Previous articleConcern in Strabane after Adria tyre fireNext articleCalls on owners of old Adria factory in Strabane to secure sight News Highland There are reports that several people are without telephone coverage at present because thieves have stolen the copper telephone wires. It’s the latest in a series of such thefts, which have been concentrated in the Fanad area over the past two years.Tirconaill Tribune Editor John Mc Ateer has been writing about this phenomenon, and told Shan Doherty this morning that many people believe they know who is behind these thefts……….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/08/cable530.mp3[/podcast] News By News Highland – August 9, 2012 center_img Facebook WhatsApp Pinterest Pinterest Man arrested in Derry on suspicion of drugs and criminal property offences released Need for issues with Mica redress scheme to be addressed raised in Seanad also Facebook Google+ Google+ Dail to vote later on extending emergency Covid powerslast_img read more