Mortgage Delinquencies are Down; Debt is Up

first_img Mortgage Debt Mortgage Delinquencies TransUnion 2016-02-17 Brian Honea Subscribe in Daily Dose, Featured, Market Studies, News 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 Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago February 17, 2016 1,253 Views Previous: Fannie Mae Downgrades Economic Forecast, Citing Lackluster Growth Next: Investors, Take Note: Single-Family Rental Market’s Popularity is Still Surging About Author: Brian Honea 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 Home / Daily Dose / Mortgage Delinquencies are Down; Debt is Upcenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Mortgage Debt Mortgage Delinquencies TransUnion  Print This Post Mortgage Delinquencies are Down; Debt is Up The Best Markets For Residential Property Investors 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 While the share of residential mortgages that are seriously delinquent (60 days or more overdue) took a substantial drop to close out 2015, the average level of mortgage debt per borrower rose to its highest level post-recession, according to TransUnion’s Q4 2015 Industry Insights Report released Wednesday.The delinquencies fell by nearly a full percentage point over-the-year in the fourth quarter of 2015, from 3.29 percent down to 2.37 percent, according to TransUnion. The 28 percent decline is double the amount of decline the delinquency rate experienced from Q4 2013 to Q4 2014, and it is the largest percentage of decline since 2010 when the delinquency rate began to recover.“Overall, the consumer credit markets are performing well,” said Joe Mellman, VP and mortgage business leader for TransUnion. “It is a positive sign that delinquency levels have remained relatively low despite more borrowers receiving credit. We have seen a continued rise in the proportion of non-prime borrowers in both the auto loan and credit card industries, and that is a likely driver for the uptick in delinquency among recently originated cohorts in those sectors. We also believe lower energy prices and the resulting job losses in energy-dependent markets have played some role in delinquency rates. Even so, that impact appears at this point to be localized, and mild in terms of national effect.”Meanwhile, the average amount of mortgage debt per borrower climbed by 1.4 percent over-the-year in Q4, from $187,139 to $189,707—the highest level of debt per borrower since the crisis. The number of originations (viewed one quarter in arrears) spiked by 21 percent over-the-year in Q3 2015 while all risk tiers fell within 2 percentage points of the annual growth rate.“For the first time since the ‘refi’ boom, we believe some origination activity may be attributed to ‘last chance’ refinancing to lock in a low rate before the widely-anticipated Fed Funds Rate increase in December,” Mellman said. “This sustained high level of activity is an indicator of a broadly recovering housing market.”The fact that delinquency levels have risen by a relatively small amount as more consumers (particularly subprime borrowers) have gained access to credit products, including credit cards and auto loans, indicates that consumer credit markets are performing well.“It is a positive sign that delinquency levels have remained relatively low despite more borrowers receiving credit,” said Ezra Becker, VP of research and consulting in TransUnion’s financial services business unit. “We have seen a continued rise in the proportion of non-prime borrowers in both the auto loan and credit card industries, and that is a likely driver for the uptick in delinquency among recently originated cohorts in those sectors. We also believe lower energy prices and the resulting job losses in energy-dependent markets have played some role in delinquency rates. Even so, that impact appears at this point to be localized, and mild in terms of national effect.”Click here to view TransUnion’s entire Q4 2015 Industry Insights Report. Share Save Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agolast_img read more

Mary Coughlan among those who received 5,000 euro tax break

first_img WhatsApp RELATED ARTICLESMORE FROM AUTHOR LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Pinterest Former Tanaiste Mary Coughlan has been named among eleven former government ministers who claimed almost 51 thousand euro in tax breaks for keeping second homes in Dublin.The ministers were entitled to claim tax relief on second homes in the capital, or on hotels or rented apartments, if they didn’t have a second propertyThe perk enabled ministers  to cut their tax bills by an average of €4,545.The number of ministers and junior ministers who claimed the dual abode allowance has dropped since the controversial scheme first came to public attention in recent years. Guidelines for reopening of hospitality sector published Almost 10,000 appointments cancelled in Saolta Hospital Group this week Google+ Twitter Mary Coughlan among those who received 5,000 euro tax break Google+center_img Pinterest Facebook Facebook By News Highland – March 27, 2011 Calls for maternity restrictions to be lifted at LUH Previous articleHundreds take part in Altnagelvin protest marchNext articleMajor rise in those claiming car damage from potholes News Highland News Twitter Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

PARC describes Kerry Council’s drink drive motion as ridiculous

first_img Man arrested in Derry on suspicion of drugs and criminal property offences released Pinterest A Donegal based road safety campaigner has called a Kerry County Council motion calling for rural people to be allowed to drink and drive as ridiculous.Kerry Cllr Danny Healy Rae has said that in certain circumstances people should be allowed to drink – in moderation – and then drive afterwards.He says permit holders would have to keep their speed down and stick to infrequently used roads.Cllr Healy Rae’s motion was passed at a meeting yesterday by a margin of five votes to three – the rest of the councillors were either absent or abstained.Susan Grey from PARC says there isn’t even a debate around the issue:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/01/sus1pmKERRY1.mp3[/podcast] Previous articleSinn Fein expresses concern over planned Castlederg flag protestNext articlePolice attacked and injured by Derry flag protestors News Highland Twitter Google+ WhatsApp Pinterest By News Highland – January 22, 2013 HSE warns of ‘widespread cancellations’ of appointments next week Dail hears questions over design, funding and operation of Mica redress scheme Google+center_img News Facebook PARC describes Kerry Council’s drink drive motion as ridiculous Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal WhatsApp Dail to vote later on extending emergency Covid powers Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more

Audio update: Councillor condemns overnight shooting in Derry

first_img Pinterest Google+ RELATED ARTICLESMORE FROM AUTHOR Twitter WhatsApp Pinterest Facebook WhatsApp Audio update: Councillor condemns overnight shooting in Derry Google+ Twitter PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal center_img By admin – August 27, 2015 Dail to vote later on extending emergency Covid powers Previous articleTwo cars stolen in overnight robbery in LetterkennyNext articleA collapse of the Northern Ireland Assembly could lead to more dissident republican & loyalist activity – Doherty admin Facebook Homepage BannerNews Man arrested on suspicion of drugs and criminal property offences in Derry Man arrested in Derry on suspicion of drugs and criminal property offences released HSE warns of ‘widespread cancellations’ of appointments next week Dail hears questions over design, funding and operation of Mica redress scheme A man has been shot in a paramilitary style shooting in Derry overnight.The 40 year old received a gunshot wound to the leg.The incident took place in the Corrib Court area of the city.He was taken to Altnagelvin Hospital for treatment to injuies which are not believed to be life-threatening.Police are appealing for information and it can be given by contacting the non-emergency number 101.Councillor Tony Hasson has condemned the attack:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/08/tony1pm1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.last_img read more

Strabane to be included in derry bid for 2017 Fleadh

first_imgThere has been a broad welcome to the news that Strabane is to be included in the bid for Fleadh Cheoil na h’Eireann to return to the north west in 2017.The Fleadh in Derry in 2013 was deemed a huge success with 430 thousand visitors converging on Derry over the course of the festival.Now with the establishment of the Derry and Strabane super council, the decision has been made to include Strabane in the 2017 bid.Organiser Gearoid Oh’Eara describes what’s next:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/02/fleadh10.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. RELATED ARTICLESMORE FROM AUTHOR WhatsApp Facebook Pinterest Twitter Previous articleDublin unchanged for Donegal & Mayo make five changes for Tyrone visitNext articleListen back to the latest Weekend Edition – live music from ‘Little Hours’ News Highland Dail hears questions over design, funding and operation of Mica redress scheme Man arrested on suspicion of drugs and criminal property offences in Derry Dail to vote later on extending emergency Covid powers HSE warns of ‘widespread cancellations’ of appointments next week WhatsAppcenter_img Pinterest Google+ Homepage BannerNews Twitter Google+ Man arrested in Derry on suspicion of drugs and criminal property offences released Strabane to be included in derry bid for 2017 Fleadh By News Highland – February 7, 2015 PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Facebooklast_img read more

Youth Council to collect prestigious European award for the SPARKS campaign

first_img Pinterest The Donegal Youth Council will today receive a prestigious European award for their recent campaign promoting positive mental health.The Assembly of European Regions “Most Youth Friendly European Region” Special Prize has been awarded for the youth council’s SPARKS campaign.The campaign included a Mental Health Roadshow which saw the youth council work with over 800 young people from all over the countyThe award will be presented by the council Cathoirleach Councillor John Campbell.The Chairperson of the Donegal Youth Council Shane Hegarty:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/06/shane1pmAWARD.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. HSE warns of ‘widespread cancellations’ of appointments next week WhatsApp Facebook Google+ Dail hears questions over design, funding and operation of Mica redress scheme WhatsApp By News Highland – June 25, 2014 Man arrested in Derry on suspicion of drugs and criminal property offences released Google+ Twittercenter_img News Pinterest Previous articleCarndonagh man who died in Germany following stabbings had a string of previous convictionsNext articleReilly tells Dail former WNWHG Chair had not informed board of shareholding News Highland Dail to vote later on extending emergency Covid powers Youth Council to collect prestigious European award for the SPARKS campaign RELATED ARTICLESMORE FROM AUTHOR Twitter Facebook PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more

Over 2300 homes without power in Co Donegal

first_img 75 positive cases of Covid confirmed in North The ESB’s working to restore power to over 2300 of its customers in Co Donegal this morning.High winds battered many parts of the county overnight.Meanwhile Met Eireann has weather alerts in place until 10 this morning, warning of winds with gusts of up to 130 kilometres in western coastal areas.The Road Safety Authority is advising extreme care, with motorists advised to look out for debris on roads, and take extra care around cyclists and motorcyclists. Facebook Previous articleEllie Goulding in punch scareNext articleTDs and senators to discuss challenges faces rural Ireland News Highland Further drop in people receiving PUP in Donegal Twitter Facebook Homepage BannerNews Google+ WhatsApp 365 additional cases of Covid-19 in Republic Pinterestcenter_img Twitter WhatsApp Main Evening News, Sport and Obituaries Tuesday May 25th By News Highland – February 24, 2015 Man arrested on suspicion of drugs and criminal property offences in Derry Pinterest RELATED ARTICLESMORE FROM AUTHOR Over 2300 homes without power in Co Donegal Google+ Gardai continue to investigate Kilmacrennan firelast_img read more

Mc Conalogue welcomes promotion to FF Education Spokesperson

first_img Previous articleFarmers seeking recognition of effects of adverse weatherNext articleGilmore to meet with Mauritian ambassador over photos News Highland RELATED ARTICLESMORE FROM AUTHOR Google+ Twitter Facebook Main Evening News, Sport and Obituaries Tuesday May 25th News 75 positive cases of Covid confirmed in North Google+ Pinterest WhatsApp Twittercenter_img Pinterest Fianna Fail’s new Education Spokesperson says he’ll be ensuring the plight of schools in Donegal is highlighted in Leinster House.Donegal North East Deputy Charlie Mc Conalogue was previously the party’s Spokesperson on Children.Deputy Mc Conalogue says having spent the weekend reading up on his new brief, he’s looking forward to shadowing Minister Ruari Quinn in the Dail and holding him to account………….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/07/charl830.mp3[/podcast] WhatsApp Further drop in people receiving PUP in Donegal 365 additional cases of Covid-19 in Republic By News Highland – July 16, 2012 Man arrested on suspicion of drugs and criminal property offences in Derry Mc Conalogue welcomes promotion to FF Education Spokesperson Facebook Gardai continue to investigate Kilmacrennan firelast_img read more

New Donegal charity adventure race is launched

first_imgNews Donegal is getting ready for one of the most ambitious charity sporting events this year.The Cancer Coastal Challenge takes place around Dunfanaghay on July 21st.The unique fundraiser will see people complete in a 16km run, a 45 km cycle and  a 2km kayak.The event is in aid of Action Breast Cancer, Relay for Life and the Donegal Hospice.Anyone who wants to participate in the event, can do so on www.coastalcancerchallenge.com.Boyd Robinson, from Letterkenny Rugby Club, who’s organising the event, says relay teams can enter the event as well…….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/02/boyd.mp3[/[podcast] WhatsApp New Donegal charity adventure race is launched Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp Further drop in people receiving PUP in Donegal Facebook By News Highland – February 11, 2012 Pinterest Facebook 365 additional cases of Covid-19 in Republic center_img Google+ RELATED ARTICLESMORE FROM AUTHOR Previous articleNI authorities should enfore European free movement laws – MEP Marian HarkinNext articleDonegal v Laois ‘LIVE’ Online News Highland Twitter Twitter 75 positive cases of Covid confirmed in North Main Evening News, Sport and Obituaries Tuesday May 25th Google+ Gardai continue to investigate Kilmacrennan fire Pinterestlast_img read more

Derry residents urged to be vigilant following recent spate of burglaries

first_img Pinterest Derry residents urged to be vigilant following recent spate of burglaries By News Highland – September 1, 2015 Homepage BannerNews Twitter Google+ Facebook Pinterest Police in Derry are appealing for information following four burglaries in the area in the past few days. Sometime between 5pm and 10.40pm on Saturday 29 August, a house in Hollymount Park was broken into. A sum of money and jewellery was taken. Sometime between 6pm and 10.25pm on the same day, another house in the same street was broken into.At this time, it is not believed that anything was taken. These two burglaries are being linked.Sometime between 6pm on Friday 28 August and 1pm on Saturday 29 August, a house in the Elm Close area of Derry was broken into.A television, a games console, a laptop and a pair of children’s shoes were taken.A sum of money, a set of car keys and some jewellery was taken from a house in the Mill Path area of Eglinton, sometime between Thursday 27 August and Sunday 30 August.Detectives are appealing to anyone who knows anything about these incidents, or who noticed any suspicious activity, to contact Strand Road Police Station on the non emergency number 101.They are also appealing to all householders to take steps to protect their homes:”It is important that householders take sensible precautions to deter those involved in this type of crime. Crime prevention doesn’t have to be expensive; indeed the first step costs nothing and involves nothing more than making sure that all the windows and doors are closed and properly locked, each time you leave your house-even if you’re in the back garden.”Looking after your belongings is what it is all about, and it is a good idea to keep a note of serial numbers, and to indelibly mark your property in a way that makes it unique to you. This makes it more difficult for criminals to re-sell your possessions, and it also makes it easier to identify your property, in the event it is stolen and subsequently recovered.I would also ask anyone who notices suspicious activity in their neighbourhood to call us immediately as this could prevent someone from becoming a victim of crime.” Previous articleClaims that sentencing of Donegal man over ‘Mad Dog’ murder plot is politically motivatedNext articleDerry City sign Ben Mc Laughlin News Highland WhatsApp Facebookcenter_img Gardai continue to investigate Kilmacrennan fire Man arrested on suspicion of drugs and criminal property offences in Derry Further drop in people receiving PUP in Donegal 365 additional cases of Covid-19 in Republic WhatsApp Twitter Main Evening News, Sport and Obituaries Tuesday May 25th 75 positive cases of Covid confirmed in North Google+ RELATED ARTICLESMORE FROM AUTHORlast_img read more