first_img The Federal Reserve has instructed Bank of America to revise its capital plan by September 30 to address weaknesses in the bank’s capital planning process, according a press release on Wednesday.Bank of America stated that the company’s Board of Directors authorized a $4 billion common stock repurchase program and that the Fed had completed its 2015 Comprehensive Capital Analysis and Review and informed the Charlotte, North Carolina-based megabank that the Fed did not object to the bank’s capital plan for the period of Q2 2015 through Q2 2016. Under that plan, the common stock dividend rate would be maintained at 5 cents per share per quarter.Due to certain weaknesses in Bank of America’s capital planning process the Fed located in its recent annual stress test, however, the central bank asked Bank of America to submit a revised plan by September 30, 2015. The Fed may restrict Bank of America’s capital distributions if the bank does not make any material progress in addressing the weaknesses that were found. If the Fed accepts the revised plan, Bank of America will be able to pay out higher dividends or buy back stock.”Over the last few years we have simplified the company, sharpened our focus on serving customers and we are returning capital to our shareholders,” Bank of America CEO Brian Moynihan said. “We believe that this year’s planned repurchase program is the best way to continue to drive value for our shareholders. We are committed to meeting the requirements in the time frame the Fed has established.”The Fed considers both quantitative and qualitative factors when examining a firm’s capital plan. Specifically, the Fed measures a firm’s projected capital ratios under a hypothetical scenario of severe economic stress and the strength of the capital planning process. The Fed may reject an institution’s capital plan based on either qualitative or quantitative factors.”Our capital plan review helps ensure that the capital distribution plans of large banks will not compromise their ability to continue lending to businesses and households even during a period of serious financial stress,” Federal Reserve Governor Daniel K. Tarullo said. “It also provides a structured assessment of their risk management capacities.”The Fed announced the results of its annual stress tests of 31 large banks last week. Two foreign banks, Deutsche Bank and Santander Holdings, failed the test due to widespread deficiencies in their capital planning processes, according to the Fed. The Fed accepted the capital plans of the 28 other financial institutions that took the test, among which were JPMorgan Chase, Citigroup, Morgan Stanley, Goldman Sachs, and Wells Fargo.  Print This Post 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. in Daily Dose, Featured, Government, News Home / Daily Dose / Fed Requests Changes in Bank of America’s Capital Plan 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 About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fed Requests Changes in Bank of America’s Capital Plan Servicers Navigate the Post-Pandemic World 2 days ago Bank of America Capital Plan Common Stock Repurchase Program Federal Reserve 2015-03-11 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Previous: Freddie Mac Economist Expects Best Year for Housing Since ’07 Next: Real Estate Capital Firm Provides Online Information on Bulk REO Properties for Investors Demand Propels Home Prices Upward 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago March 11, 2015 1,201 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Tagged with: Bank of America Capital Plan Common Stock Repurchase Program Federal Reserve Sign up for DS News Daily Share Savelast_img read more


first_img Tagged with: Fannie Mae FHFA Foreclosure Prevention Report Freddie Mac Home Retention Actions Serious Delinquencies Governmental Measures Target Expanded Access to Affordable Housing 2 days ago GSE Serious Delinquency Rate is Lowest Since Start of Conservatorships Governmental Measures Target Expanded Access to Affordable Housing 2 days ago February 9, 2016 1,214 Views Previous: Judge to Bank of America: Hold Off Paying Investors in RMBS Settlement Next: DS News Webcast: Wednesday 2/10/2016 Home / Daily Dose / GSE Serious Delinquency Rate is Lowest Since Start of Conservatorships Subscribe The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brian Honea Sign up for DS News Daily As a sign that mortgages backed by Fannie Mae and Freddie Mac are performing better is the consistent decline in the serious delinquency rate on residential loans insured by the GSEs, which is now at a level comparable to what it was in September 2008 at the start of the conservatorships.According to the Federal Housing Finance Agency (FHFA)’s November 2015 Foreclosure Report released Tuesday, 1.50 percent of mortgages backed by the GSEs were seriously delinquent as of the end of November 2015, which is the lowest level since the conservatorships began. The rate for both Fannie Mae- and Freddie Mac-backed loan has been steadily declining since 2010.“What we’re seeing is that fewer loans are going 90 days or more delinquent,” said Naa Awaa Tagoe, Sr. Associate Director, Division of Housing Mission & Goals at FHFA. “There are always a certain number of people who are one payment behind, or maybe two, but the number of loans that are three or more months delinquent is coming down. That is partly because of improvements in the economy in the last several years. Unemployment is going down and house prices are going up. House prices are actually a big one, because all other things equal, people will have life events, such as a divorce or a death in the family. When that happens and somebody has to sell their home, if they’re above water and they have equity in their home, they can just sell the house and move on. If they’re underwater, it becomes a problem and they can’t sell the house.”A decline in serious delinquencies for GSE-backed mortgage loans is concurrent with all the other declines in default-related metrics experienced by Fannie Mae and Freddie Mac in November. The GSEs completed 13,891 foreclosure prevention actions in November compared to 17,121 in October. Foreclosure prevention actions by the GSEs include loan modifications, repayment plans, forbearance plans, and charge-offs-in-lieu of foreclosure. The largest portion of those (8,569) were permanent loan modifications.Foreclosure prevention actions have been on the steady decline for the last four years, concurrent with the decline of foreclosure sales and foreclosure inventory. The totals of foreclosure prevention actions on GSE-backed mortgage loans for the last four years are as follows: 541,219 in 2012; 447,728 in 2013; 307,218 in 2014; and 215,309 in 2015 through the end of November. This number includes home forfeiture actions, such as deeds-in-lieu of foreclosure and short sales as well as home retention actions.“Fannie and Freddie over the last few years have really made more efficient their foreclosure prevention actions and the options provided to the borrower,” Tagoe said. “One of the main lessons they learned from the crisis is that early intervention is key. The earlier they can get to that borrower and offer them a solution, the more likely it is that the borrower will become current. Fannie and Freddie released a streamlined loan modification a couple of years ago. What that does is as soon as a borrower goes 90 days delinquent, they are solicited by their servicer, and their servicer sends them the terms of a loan modification. All they have to do is send in that first payment and they’re in a trial loan mod. When they make three payments, that’s converted to a permanent loan modification. So once loans become 90 days delinquent, you’re not seeing as many loans transitioning to later stages of delinquency.”Another factor in the decline in serious delinquencies has been improved credit quality of the loans acquired by the GSEs since 2009 combined with a decline in the amount of serious delinquencies in the legacy portfolio, which consists of loans acquired before 2009, Tagoe said. The time it takes a loan to go into delinquency is also a factor—loans typically do not become delinquent until at least three years into the life of the loan.As of the end of 2015, the GSEs are only 10,000 and change away from completing three million home retention actions since the star of 2009; the exact total of home retention actions completed is 2,989,126; the number of foreclosure prevention actions since 2009, including home forfeiture actions, was 3,626,692 as of the end of November 2015.Click here to view the FHFA’s November 2015 Foreclosure Prevention Report. 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. center_img The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Share Save Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Foreclosure, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Fannie Mae FHFA Foreclosure Prevention Report Freddie Mac Home Retention Actions Serious Delinquencies 2016-02-09 Brian Honealast_img read more


first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Brian Honea Related Articles in Daily Dose, Featured, News Share Save Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Ed Delgado Five Star Institute Vacant and Abandoned Properties Previous: DS News Webcast: Friday 2/19/2016 Next: Lawmakers Petition NCUA Chair for Regulatory Relief for Credit Unions February 18, 2016 3,438 Views Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Ed Delgado Five Star Institute Vacant and Abandoned Properties 2016-02-18 Brian Honeacenter_img Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post The Best Markets For Residential Property Investors 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. Vacant and Abandoned Properties: An ‘Issue of National Concern’ Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Vacant and Abandoned Properties: An ‘Issue of National Concern’ 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 Building on the momentum of a meeting with HUD Secretary Julián Castro last week, Five Star Institute President and CEO Ed Delgado moderated an important industry panel on Thursday entitled Transforming Blighted Communities, addressing what he has called an “issue of national concern.”Eliminating blight by accelerating the foreclosure process on vacant and abandoned properties—thus reducing the amount of time the properties are vacant—has been a goal of Delgado and the Five Star Institute for four years. Vacant properties can potentially have a devastating effect on their surrounding community because they often become magnets for vandalism, squatting, and violent crime. In extreme cases, blighted properties have even led to the tragic loss of life.”Michaela Diemer, Mary Ellen Gutierrez, Jasmine Trotter, Anith Jones, Ahlyja Pinson … the list of names goes on,” Delgado said. “These are just a few of the hundreds of women have been raped or murdered in or near a vacant and abandoned property. They’re ordinary people. People that were mothers, wives, sisters, and daughters. The issue of vacant properties has become more than the expedient treatment of a distressed residential property. These shells have become a bastion for weapons, drugs, gangs, molestations and violent assaults. How many more must be harmed or tragically lose their life before a policy of common sense comes into play?”Last week when he met with Castro, Delgado asked the HUD Secretary to consider opening up a dialogue with the servicing industry to talk about vacant and abandoned properties. Castro promised to look over the proposal when it reached his desk.The panel moderated by Delgado on Thursday included Robert Klein, chairman and co-founder of SecureView and chairman of Safeguard Properties; Richard Monocchio, executive director, Cook County Housing Authority; Gina Metrakas, director of urban revitalization, Rock Ventures; and James F. Taylor, SVP, asset management and preservation, Wells Fargo Home Mortgage. The panel discussed such topics as the extent of the blight problem in the country and what threat that blighted properties pose to the communities in which they are located; the problems with using plywood to board windows in vacant and abandoned homes and whether servicers are on board with using clear board; what states and local municipalities are doing to address the blight issue; and what progress can be expected on eliminating blight in neighborhoods nationwide.last_img read more


first_img  Print This Post Sign up for DS News Daily Senators Unveil Task Force to Combat Zombie Properties Tagged with: Home Values HOUSING mortgage October 26, 2017 2,349 Views Servicers Navigate the Post-Pandemic World 2 days ago Home Values HOUSING mortgage 2017-10-26 Dean Terrell Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago In a report from the New York State Senate released by Senators Jeff Klein (D-NY) and Jamaal Bailey (D-NY), a new task force called the “Nightmare Neighbor Task Force” was unveiled to address the effects of abandoned properties owned by banks in local New York communities. In the investigative report, titled “Nightmare Neighbors: How Badly Maintained Homes Damage Neighborhoods,” New York officials detailed how abandoned properties lower the value of surrounding homes.   “The foreclosure crisis continues to negatively impact neighborhoods in Mount Vernon. We have made great strides in eliminating zombie properties and holding financial institutions liable for the properties they own, however there is still more to do. This joint task force and legislation will help Mount Vernon home owners maintain their home values and quality of life,” said Senator Klein.New York’s senators aren’t the only ones feeling the pressure of foreclosed and abandoned houses driving down home values; it’s a problem across the entire country. In DS News’ upcoming November feature “Getting A Head Start,” Brian A. Lee interviews Founder and Chairman of Community Blight Solutions Robert Klein on the benefit of fast-tracking the foreclosure process to address the issue of “zombie” properties. “Fast-tracking enables the mortgage servicer to get possession of property before it deteriorates,’ Klein said. “This directly leads to on-time conveyance and faster rehab and sale.” So far the only two states that have passed fast-track foreclosure laws are Ohio and Maryland.  Based on the findings from the “Nightmare Neighbors” report, 21 bank-owned properties in Mount Vernon caused a total depreciation value of $3.5 million to 764 surrounding homes. Out of those bank-owned properties, 10 were considered abandoned or “zombie,” which means they are vacant and have no known owner. These properties affected 296 nearby homes and caused a combined depreciation of $1.7 million in value. Six of the homes were considered abandoned and accounted for a total loss of $1.04 million, according to the report.The task force keeps better track of vacant homes throughout the city and allows citizens to contact the offices of the officials to report a home they believe has been abandoned. “Our task force, along with residents and leaders of this community will be vitally important in highlighting these properties and restoring these homes and neighborhoods accordingly.” Senator Bailey said. “With new legislation, we will be able to hold banks even more accountable for properties they own, and most importantly, held accountable in the communities that they do business in.”Additional comments were made by Mount Vernon’s Mayor Richard Thomas. “We know how dangerous these buildings can be but as Senator Klein and Bailey clearly show, the effect on our property values is unacceptable” said Thomas. He goes on to say the new legislation is “a recipe for revitalization” and that it “will provide an essential ingredient for neighborhood transformation.” Read the full press release from the New York State Senate here. About Author: Dean Terrell Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Existing Home Sales: Owners Aren’t Budging Next: Treasury Reports Regulation Improvements The Best Markets For Residential Property Investors 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Headlines Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Senators Unveil Task Force to Combat Zombie Properties Subscribelast_img read more


first_imgHome / Daily Dose / Fed’s Kashkari on Interest Rates and Cryptocurrencies  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, recently participated in a town hall in Pierre, South Dakota, attended by a little over 100 legislators and business leaders. The town hall was moderated by Laura Schoen Carbonneau, CEO of the Pierre Area Chamber of Commerce.During the hour-long town hall, Kashkari delved into the usual topics, discussing the Federal Reserve’s dual mandates of juggling inflation and maximum employment, weighing in on the likely impacts of tax reform, and pointing out that he was the lone “no” vote on all three of the Fed’s 2017 interest rate increases (since the inflation rate had been sticking around 1.5 percent, Kashkari said he didn’t see the need to attempt to adjust things via the interest rate hikes).Kashkari also didn’t mince words when it came to the topic of Bitcoin, the hot-topic cryptocurrency that could be either a revolutionary new form of currency or a fad, depending on who is expounding on the subject. There’s even been speculation that, at some point in the not-too-distant future, Bitcoin could be used to purchase a home. Kashkari, however, dismissed the cryptocurrency, saying, “If you live in any modern advanced economy, I would stick with the dollar, I would stick with the yen and leave bitcoin for the, you know, toy collectors.” He added that he views Bitcoin more as a “novelty,” and explained that “the problem is the barrier for entry for anybody creating another version of Bitcoin is zero.”You can watch the full town hall meeting with Neel Kashkari below. bitcoin cryptocurrency Fed Federal Reserve Federal Reserve Bank of Minneapolis Neel Kashkari 2018-02-13 David Wharton Tagged with: bitcoin cryptocurrency Fed Federal Reserve Federal Reserve Bank of Minneapolis Neel Kashkari Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Quickening Mortgage Innovation in an Industry Slow to Change Next: High Prices Collide With Dwindling Inventory About Author: David Wharton Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Fed’s Kashkari on Interest Rates and Cryptocurrencies The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, Headlines, Media, News February 13, 2018 5,331 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more


first_img in Daily Dose, Featured, Journal, Market Studies, News 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] May 16, 2018 1,818 Views The Best Markets For Residential Property Investors 2 days ago Annual Percentage Rate Credit Scores Mortgage Payments Mortgage Rates Zillow 2018-05-16 David Wharton A “fair” credit score between 640 and 679 could cost a borrower around $720 a year in extra mortgage payments than a borrower with an “excellent” score, according to a new Zillow study.Zillow analyzed Annual Percentage Rate (APR) terms offered to borrowers on Zillow Mortgages and found that “a borrower with a fair score will pay 7 percent more over the life of a 30-year mortgage for the same home as an otherwise identical borrower with a credit score above 760.” To put that in clearer numbers, that 7 percent would add up to nearly an extra $21,000 during the life of that mortgage. Or, as Zillow puts it to provide context, “roughly equal to one year’s tuition costs for an out-of-state student at a public university, or the cost of a new car.”Breaking things down further, Zillow posited a hypothetical “ buyer with an excellent credit score in Los Angeles earning the area’s median income and purchasing the typical L.A. home.” That buyer could likely expect to be offered an average APR of 4.50 percent. With a standard 20 percent down payment, that borrower would pay around $31,000 a year on a $645,000 home, eventually totaling $942,000.Were that borrower’s credit score to be 80 points lower, firmly in “fair” territory, and received a commensurate APR of 5.12 percent, it would cost the borrower an extra $2,300 per year—or nearly $70,000 more over the life of the loan.“Under these same assumptions, the total additional costs over the life of a 30-year loan on a typical local home for those with fair credit compared to excellent credit range from $129,000 in San Jose to around $9,000 in Pittsburgh among the larger metros,” stated the Zillow report.To read Zillow’s full report on the impact of low credit scores, including full details of their study’s methodology, click here. About Author: David Wharton Share Save Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Goldman Sachs Mortgage Relief Settlement Actions Near $1B Next: Mortgage Diversity Group Elects New Advisory Council for 2018 Low Credit Scores Add Up Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Annual Percentage Rate Credit Scores Mortgage Payments Mortgage Rates Zillow The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Home / Daily Dose / Low Credit Scores Add Up Subscribelast_img read more


first_img Servicers Navigate the Post-Pandemic World 2 days ago Which cities across the U.S. have residents spending more than the median ceiling of household income to own or rent? Ten cities make the list of places where the gap is widest between what people earn and what they pay for housing, according to a study by Realtor.com.For the study, realtor.com looked at the median monthly housing costs in approximately 500 metros to pinpoint the markets where residents are spending the most on their homes by dividing the median monthly costs for renters and homeowners by the median monthly household income. The study limited its rankings to one metro per state.With a median price list of $895,800 and  30 percent share of the median household income of $73,663 going towards housing for the average household, Santa Cruz in California topped the study’s ranking as the most unaffordable city in the country. However, there might be hope for buyers still looking to enter this market. The study pointed out that despite the large gap in home prices versus average household income, over the past 12 months the prices in this seaside city have remained flat with inventory rising 45 percent.If the West Coast has the most unaffordable city in the country, the East Coast is not far behind, with Miami, Florida taking the second spot on the rankings for the most unaffordable housing markets. A household earning a median income of $51,758 pays 29.7 percent of its income towards housing in this city where the median list price is slightly more than $385,000.Grants Pass, Oregon was third in terms of unaffordability with 27.1 percent of a median household income of $40,705 going towards housing. Home prices in this city, the study revealed stood at $334,000.Though Atlantic City, New Jersey is a relative bargain compared to most of the North East for retirees, according to the study, home prices here have been rising 6 percent year over year. With 26.9 percent of a median income of $57,514 going towards housing and a median list price at around $240,000, it is no surprise that the city was ranked fourth in this list.New York, New York with a median list price of $515,100 and 26.4 percent of the median household income going towards housing, rounded off the Top 5 on this list.Click here to read the complete list of the most unaffordable housing markets. Sign up for DS News Daily in Daily Dose, Featured, Market Studies, News Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago California Home Home Prices Homebuyers HOUSING migration Realtor.com 2019-02-11 Radhika Ojha About Author: Radhika Ojha Home / Daily Dose / The Most Unaffordable Housing Market Is … Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: California Home Home Prices Homebuyers HOUSING migration Realtor.comcenter_img 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 Subscribe Related Articles Previous: Ocwen Files New Fraud Claims Against FIS Next: Homebuyers: Should I Stay or Should I Go Now  Print This Post The Most Unaffordable Housing Market Is … The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago February 11, 2019 2,016 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more


first_imgSign up for DS News Daily  Print This Post May 22, 2019 1,543 Views The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Legal Trends, Challenges in the Servicing Industry Next: HUD Secretary Carson Responds to REO Controversy Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Short-term rentals (STR), such as those through Airbnb and VRBO are gaining significant traction in the rental investment market, and according to Homerun Offer CEO Ryan Pineda on Forbes, early adoption of this emerging market could maximize your return.Overall, Americans are recognizing the benefit of investing in real estate, including single family rentals and STR. According to a Gallup poll, it’s real estate, not stocks, that are considered to be the best investment. The poll indicates that 35% of Americans believe real estate to be the superior long-term financial investment, compared to 27% who say stocks are the better investment.Understanding STRAccording to Pineda, the biggest benefits of STR investments are higher returns, personal use, and diversified risk. In the right market, short-term rentals are producing much higher returns than traditional rental investments. Even with higher management fees considered, the net is usually going to be higher than if you rented the unit long-term.Additionally, with short-term tenants, STRs are normally less risky. There is little risk of a single renter suddenly stop paying rent, with no course of action except eviction, and a risk of damage fees. WIth multiple tenants each month, there is little risk of not getting a check each month, and many STR providers offer insurance in case of damages by renters.When picking a market for STR, consider location, ROI, and local legislation. Many metro areas are considering, or have already, banned STRs. Pineda asks, “Is the market STR friendly? Is there any upcoming legislation that could change the dynamic and put your investment at risk?”“Clearly, I’m a big believer in STRs,” Pineda Said. “I think they will continue to gain even more market share as time goes on. There will be more regulations as it becomes a bigger business, but the early adopters can cash in on some great opportunities.” in Daily Dose, Featured, Investment, News Tagged with: Investment Rentals Sales short term rentals About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles 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 Investment Rentals Sales short term rentals 2019-05-22 Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Demand Propels Home Prices Upward 2 days ago Share Save Home / Daily Dose / Investing in Short-Term Rentals Investing in Short-Term Rentals Subscribelast_img read more


first_img Twitter Facebook RELATED ARTICLESMORE FROM AUTHOR WhatsApp Family of Ronan Kerr seek justice one year on from his death Google+ Pinterest Google+ The family of murdered PSNI officer Ronan Kerr are preparing to mark the first anniversary of his death.The 25 year old died when a booby trap car bomb exploded under his car in Omagh in April last year.A splinter group claiming it was made up of former members of the Provisional IRA claimed responsibility for the attack.Ronan’s mother Nuala says the family want justice for Ronan:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/03/08nual.mp3[/podcast] Facebook Previous articleCounty Council pleas with people to pay Household ChargeNext articleGardai liase with PSNI following discovery of human remains News Highland Newsx Advertscenter_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApp Calls for maternity restrictions to be lifted at LUH Twitter By News Highland – March 28, 2012 Guidelines for reopening of hospitality sector published Three factors driving Donegal housing market – Robinson Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more


first_img RELATED ARTICLESMORE FROM AUTHOR Seven men charged by PSNI in dissident probe By News Highland – November 17, 2014 Facebook Twitter Twitter In the North, seven men have been charged with terrorism offences, by police investigating violent dissident republican activity.They were among 12 men held in Newry last Monday during a probe into the Continuity IRA.It’s believed some of those are from the Republic.The 7 accused – aged between 30 and 75 – are due in court this morning.Five others were released pending report to the Public Prosecution Service.Gardai are continuing to question two men over dissident republican activity in Dublin.The men – both aged in their 50s – were arrested on Saturday, after five guns were seized during a garda raid on a house in East Wall.They’re being held at Mountjoy and Coolock Garda StationsSeparate searches were carried out yesterday in Ballymun, East Wall and Cloughran, where semi automatic pistols, a sawn-off shotgun and an AK 47 assault rifle were all seized.Gardaí also discovered bomb making material at one of the locations. Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Google+center_img Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Previous articleRebecca Ferguson reveals partner heartbreakNext articleFire service treating fatal Derry fire as accidental News Highland Homepage BannerNews Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector published GAA decision not sitting well with Donegal – Mick McGrath Pinterest WhatsApp WhatsApplast_img read more

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