Month: May 2021

Do Demographics Play a Role in the Current Homeownership Rates?

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago After half a decade from the bottom of the housing bust, the U.S. homeownership rate still remains stuck at a current 50-year low. According to a recent report from Zillow, some attribute the low homeownership rate to more Americans delaying major life decisions that typically precede buying a home, like getting married and starting families. Still others blame rising rents and home values for making it difficult to save enough to buy a home. Zillow’s report takes a look at the demographics of those Americans that do own homes today, and those that do not, and compares the data to that of past decades.Age for Homeownership:Zillow reports that as the adult population ages longer, so do renters and homeowners. Renters in the United States in particular have steadily gotten older, and this could suggest that more Americans who turned to renting when first starting out are staying renters longer, either because of financial constraints or simply lifestyle choices that preclude the need to own a home.For typical age of a homeowner, however, Zillow reports that it stayed constant around 50 or 51 right up until the peak of the housing bubble in 2006, when the age of a typical homeowner started rising rapidly. The report shows that throughout the housing bust and subsequent recovery, those Americans that have been the most successful in buying or holding onto a home have largely been older.Zillow does note though, that at roughly the same time in 2005-2006, a notable drop in the homeownership rate among 25-to-44-year-olds began to take hold, which has continued into today. It is likely the younger members of this age group, just entering early adulthood, were naturally inclined to rent while their older peers, may have entered the housing market in the early years of the housing boom only to fall into foreclosure in later years and turn to renting as the housing bubble burst.Because this age group has been renting homes in greater numbers over the past decade, Zillow states that they have subjected themselves to both rising rents and rising home values that makes achieving homeownership more difficult. Rent values never really fell during the recession and instead have kept climbing steadily higher for years. Because of this increase in money spent on rent, less money is saved for a down payment on a future home purchase.Additionally, Zillow says this this speaks nothing to the fact that many previously foreclosed-upon homeowners are legally prohibited from purchasing a home for up to seven years after foreclosure, even if they could afford to buy another home today. This potentially locks them out of the market for years to come.Racial and Ethnic Composition in Homeownership:Despite the fact that the homeowner population has aged, the report notes that the population’s racial and ethnic composition has not changed much. According to Zillow, there is a striking gap in homeownership between whites and other races and ethnicities. The research shows that the gap is largest for blacks and Hispanics, who traditionally have had the lowest homeownership rates.While members of all racial and ethnic groups have struggled to some extent to regain a foothold in the housing market after the recession, the homeownership rate for both groups is lower today than in 2006, but the Hispanic homeownership rate is higher than it was two decades ago while the current black homeownership rate is slightly lower.Zillow states that evolving demographics can be useful in illustrating and explaining some of the changes seen in homeownership in the decade since the housing bust began. Younger adults and minorities have statistically been more inclined to rent instead of own, but it remains unclear if this is due to the fact that they prefer renting or they can’t attain homeownership. Additionally, Zillow says that while some individuals were able to break out of the rental market and buy a home during the bubble, many were subsequently foreclosed upon, and in turn, forced to re-enter the rental market. Do Demographics Play a Role in the Current Homeownership Rates? in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Share Save Home / Daily Dose / Do Demographics Play a Role in the Current Homeownership Rates? The Best Markets For Residential Property Investors 2 days ago Previous: Five Star Institute Announces Sharon Bartlett as Executive Director of Industry Relations Next: Morgan Stanley Begins to Fulfill RMBS Settlement Debt The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, TX. Born and raised in Texas, Kendall now works as the online editor for DS News. Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago August 10, 2016 1,256 Views Homeownership Rates Zillow 2016-08-10 Kendall Baer About Author: Kendall Baer Subscribe Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Tagged with: Homeownership Rates Zillow  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

Coastal Home Insurance and a Hurricane Forecast

first_img 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 Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Loss Mitigation, News Coastal Home Insurance and a Hurricane Forecast Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago July 11, 2018 3,062 Views Related Articles Tagged with: Forecast Homeowners Hurricane Insurance Kroll Bond Ratings Reinsurancecenter_img Home / Daily Dose / Coastal Home Insurance and a Hurricane Forecast Subscribe The Best Markets For Residential Property Investors 2 days ago About Author: Radhika Ojha The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Forecast Homeowners Hurricane Insurance Kroll Bond Ratings Reinsurance 2018-07-11 Radhika Ojha Previous: Which Cities are the Most and Least Affordable? Next: Providing Perspectives, Factoring Fundamentals Homeowners on the Atlantic Coast as well as home insurance companies in these areas may breathe a small sigh of relief at new hurricane predictions, and those in the insurance and reinsurance markets may find optimism in recent market trends, according to a report released this week by Kroll Bond Rating Agency (KBRA). Colorado State University (CSU), one of the leading hurricane forecasters, is predicting “below average activity” for the 2018 hurricane season, having just revised its previous forecast, according to KBRA.The CSU forecast predicts that 11 named storms will occur during this year’s hurricane season, which includes the months of June through November. Four of the 11 storms will be hurricanes, and one will be “a major hurricane,” according to CSU predictions. “With the decrease in our forecast, the probability for major hurricanes making landfall along the United States coastline and in the Caribbean has decreased as well,” KBRA quoted the CSU report, which predicts two “major hurricane days for the entire season.”However, there is a 39 percent chance of a major hurricane making landfall somewhere on the U.S. coastline, and “CSU always cautions that it only takes one hurricane making landfall to make it an active season for those residents,” according to KBRA. This is not only notable to homeowners but also insurers and reinsurers as well, KBRA noted. “Hurricane landfalls, and not just the number of named storms, is the greatest concern for property insurers, reinsurers, and homeowners,” it said. “Fortunately, the landfall probabilities for 2018 were significantly reduced from the April forecast and are well below the historical average,” the report said. The catastrophe reinsurance market, which sells insurance for insurers, entered 2017 with pricing the lowest seen in decades and availability at all-time highs, according to KBRA. While some predicted the losses incurred in 2017 would lead to price increases in the reinsurance market—as has often been the case in the past—this hasn’t quite played out. In fact, the reinsurance and insurance-linked securities markets are performing well, according to research released by JLT Re, the fourth-largest reinsurance broker in the world, at the start of the month. JLT Re noted “dedicated reinsurance capital at record levels despite biggest catastrophe loss year ever in 2017,” and characterized the reinsurance market as “awash with capacity.” last_img read more

Now Boarding: Understanding Servicer Records Onboarding Procedures

first_img The Best Markets For Residential Property Investors 2 days ago Onboarding Servicing 2019-08-30 Seth Welborn  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago August 30, 2019 2,013 Views Accurate business records are the foundation of servicing and enforcement of promissory notes and mortgages. Most of the mortgage loan servicing process involves loans originated by others. Moreover, a large portion of loans are involved in service transfers, and therefore the records have been impacted by prior mortgage loan servicers—in many cases, more than one. As a result, it is critically important that the business records maintain reliability from origination to prior servicing, and ultimately to transferring into a new servicer.Evaluating the reliability of mortgage loan records involves two aspects of focus. First are the legal requirements associated with enforcing promissory notes and mortgages, such as proper endorsements, physical possession of the collateral, and proper assignment of mortgages. The second aspect involves proper loan business records, such as loan histories, escrow histories, system notes, and correspondence such as demand letters. It is this latter portion that is impacted most by loans and servicing data that transfer from one servicing entity to another. The process created to assure proper transfer is known as the “boarding process,” or onboarding procedures.Several Florida circuit courts have recently addressed the onboarding procedures of mortgage loan servicers. Courts are more closely scrutinizing a servicer’s boarding procedures to determine whether documentary evidence created by a prior servicer, but proffered into evidence at the trial by a subsequent servicer, will be deemed admissible. Generally, if a document is not created by a party to a lawsuit, the party cannot introduce it into evidence to support their case. This is known as the “hearsay rule,” an exclusionary rule of evidence. (Hearsay is defined as “a statement, other than one made by the declarant while testifying at the trial or hearing, offered in evidence to prove the truth of the matter asserted.” § 90.801, Fla. Stat. (2017). Documents are considered “statements” for purposes of this rule.)There are several exceptions to the hearsay rule, one of which is known as “the business records exception.” [The business records exception to the hearsay rule is codified at Fla. R. Evid. 90.803(6).] Florida courts apply this exception in the foreclosure context to allow documents created by a prior servicer to be admitted into evidence by a subsequent servicer, provided the servicer proffer adequate foundational testimony.Adequate foundational testimony is the critical point in trying a case which includes prior servicer business records. Typically, this testimony includes a description of how the servicer received the transferred records, where they were stored, how they were audited, and the transition process from staging to production. As a whole, the servicer’s foundational testimony must demonstrate the records were (i) accurate, (ii) reliable, and (iii) trustworthy before they were boarded.An adequate boarding process which conclusively establishes the reliability of prior servicer records is the standard that must be established at trial. Plaintiff witnesses who have training and expertise in the boarding process provide competent testimony to establish the business records exception to the hearsay rule. If adequate testimony is not presented, the court will exclude the prior servicer’s documents, which often includes the loan payment history, loan comments and demand letters. If business records are excluded, the foreclosure case is subject to dismissal for lack of proof.It is important to emphasize that the witness who testifies to the boarding procedure on behalf of the plaintiff must have personal knowledge of the boarding procedure. The witness must be able to present testimony establishing an onboarding procedure that demonstrates records were (i) accurate, (ii) reliable, and (iii) trustworthy before they were boarded. The witness must also establish that the current plaintiff and/or its servicer relied on the foregoing accuracy. This does not create a requirement that the witness testifies to having first-hand knowledge of the prior mortgage servicer policies and procedures. What is important is having an onboarding process that verifies the accuracy, reliability, and trustworthiness of the records that were onboarded to the current servicer.Testimony regarding a servicer’s boarding procedures has become a prominent and often disputed aspect of foreclosure trials. Recently, a Florida court delved even further into the substance and veracity of testimony proffered about the boarding process.  A recent circuit court case out of Miami-Dade County, Green Tree Servicing LLC v. Marin, illustrates this trend and the serious repercussions which can result when the veracity of a witness’s testimony is tested.In Marin, the defense counsel took the deposition of a servicer employee and questioned the boarding process. The employee offered deposition testimony regarding a training manual he reviewed which included a flow chart documenting the servicer’s boarding procedures. The borrower’s counsel propounded discovery seeking the training manual. Despite a court order to produce the training manual, the servicer refused to do so claiming it was a privileged work product. The judge issued a show cause order seeking an explanation from both the servicer and its attorneys as to why they should not be held in indirect criminal contempt for their failure to comply with the court’s order. Shortly after the show cause order was issued, the servicer produced the training manual, but it did not include the referenced flow chart. This continues to be a key issue in the case as the court scheduled a criminal trial for indirect contempt of court against the plaintiff’s attorneys.The Marin case, and others like it, bring to light the critical nature of the onboarding process, the procedures related to the process, the training, and testimony regarding onboarding prior records at trial.  Witnesses must be properly trained resulting in their working knowledge of the onboarding process.A Miami-Dade Judge went as far as to refer to a plaintiff’s boarding process as a “Legal Fiction.” The Court did not accept the credibility of the servicer witness. The Court ruled that the testimony regarding the boarding process “ … appeared to be merely repeating a mantra or parroting what she learned the so-called boarding process is without being able to give specific details regarding the procedure itself.  [The witnesses] demeanor at trial although professional, was hesitant and lacking confidence … ” The Court went on to discuss the lack of detail in the onboarding process itself, to ultimately conclude that the process was inadequate and not reliable.Servicers must take proactive steps to ensure they have a well-documented, well-understood, well-trained and well-adhered to the procedure in place for boarding loans. The onboarding procedure ensures documents received from another servicer are accurate, reliable and trustworthy before they are integrated into the new servicer’s system. A servicer’s witness at a deposition or trial must be intimately familiar with these onboarding procedures, together with any and all documentation which supports or describes the process to ensure the court is presented with adequate business record evidence. Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: The Week Ahead: Economic Conditions and Real Estate’s Role Next: Fannie Mae Appoints Sheila C. Bair to Board of Directors Tagged with: Onboarding Servicing Related Articles Share Save Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, News, Secondary Market Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Now Boarding: Understanding Servicer Records Onboarding Procedures About Author: Roy Diaz Roy A. Diaz is the Managing Shareholder of Diaz, Anselmo Lindberg, P.A. The firm provides representation in Florida, Illinois, Ohio, Indiana, Kentucky, Wisconsin and Michigan. Diaz has been a member of the Florida Bar since 1988. He has concentrated his practice in the areas of real estate, litigation, and bankruptcy. He has represented lenders, servicers of both conventional and GSE loans, private investors, and real estate developers throughout his career with an emphasis on the mortgage servicing industry for over 25 years. Now Boarding: Understanding Servicer Records Onboarding Procedures Subscribelast_img read more

Forbearance Plans See Largest Drop Since Start of Pandemic

first_img Data Provider Black Knight to Acquire Top of Mind 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 in Daily Dose, Featured, Foreclosure, News July 10, 2020 1,356 Views Previous: Orlans Leadership Honored Next: Non-compliant Properties Claim $1.4 Billion in Flood Damages forbearances housing market 2020 2020-07-10 Mike Albanese Demand Propels Home Prices Upward 1 day ago Share Save Sign up for DS News Daily  Print This Post About Author: Mike Albanese Related Articles Forbearance Plans See Largest Drop Since Start of Pandemiccenter_img The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: forbearances housing market 2020 The Week Ahead: Nearing the Forbearance Exit 2 days ago Black Knight announced that active forbearance plans fell an additional 435,000 weekly—the largest drop since the onset of the pandemic.As of July 7, 4.14 million homeowners were in forbearance plans, which represents 7.8% of all active mortgages—down from the prior week’s 8.6%. This represents around $900 billion in unpaid principal.Black Knight stated that 6% of all GSE-backed loans and 11.6% of loans backed by the Federal Housing Administration and the VA are currently in forbearance plans. An additional 8.2% of loans in private-label securities (PLS) are also in forbearance.GSE loans saw the largest declines in forbearances, falling by 200,000—an 11% drop. Portfolio and PLS also fell by 11%, which is 136,000 fewer active forbearance plans.FHA and VA loans saw marginal improvements, dipping 6% for a reduction of 93,000.”This latest decline in the number of homeowners in active forbearance is an encouraging sign of continued improvement,” said Andy Walden, economist and Director of Market Research for Black Knight. “The reduction of roughly 435,000—the largest single-week drop yet—was driven at least in part by the fact that more than half of all active forbearance plans entering the month were set to expire at the end of June. While the majority of those have been extended, this week’s data suggests a significant share were not.”This report comes shortly after Black Knight reported that 4.1 million homeowners were past due on their mortgages, causing the national delinquency rate to rise to 7.76%.Delinquencies jumped 20% and 1.3 percentage points higher in May, which Black Knight noted, “would have been the worst single month ever recorded if it weren’t for the 3.1 percentage point increase the month prior.”The delinquency rate is up 4.5 percentage points from the 3.2% record low recorded back in January.While servicers have a major task now in assessing loans in forbearance, Black Knight said, “this will also provide an early look at roll rates of loans in active forbearance,” and the insight from this summer “can be used for downstream modeling on performance and the residual volume of loans in active forbearance in coming months.”The total number of loans that are either past due or in foreclosure is 4.3 million, up from 2.3 million at the end of March, according to Black Knight. However, the foreclosure rate is down by 5.8%. The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 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. Home / Daily Dose / Forbearance Plans See Largest Drop Since Start of Pandemic Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 1 day ago Subscribelast_img read more

JPC Chair wants army to be used to support “overstretched gardai”

first_img Minister McConalogue says he is working to improve fishing quota Twitter Previous articleUpdate – Hospital Manager says final cost of post flood restoration will run into millionsNext articleDallat claims unionist parties are ignoring the real issues News Highland Google+ Google+ RELATED ARTICLESMORE FROM AUTHOR Need for issues with Mica redress scheme to be addressed raised in Seanad also By News Highland – August 20, 2013 Facebook Facebook JPC Chair wants army to be used to support “overstretched gardai” 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report center_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton News Pinterest WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week Pinterest Twitter WhatsApp The Chair of Donegal’s Joint Policing Committee has called for Defence Forces support for over-stretched Donegal Gardaí.Cllr Patrick McGowan claims that the county is so understaffed that whole areas are left with just two guards on duty at night.There has been a number of high profile robberies on elderly people in Donegal over the past year.And Councillor Patrick McGowan says the army should be trained up to provide back-up when there aren’t enough guards available….[podcast]http://www.highlandradio.com/wp-content/uploads/2013/08/pmcgARMY.mp3[/podcast] Dail hears questions over design, funding and operation of Mica redress schemelast_img read more

Oireachtas committee hears Rathmullan bus plea

first_imgNews WhatsApp Pinterest WhatsApp Twitter HSE warns of ‘widespread cancellations’ of appointments next week Oireachtas committee hears Rathmullan bus plea Facebook Google+ Facebook Twitter By News Highland – October 17, 2012 center_img Pinterest Google+ Previous articleRoad safety campaigners call for more resources to address loopholesNext articleLevel of Donegal’s Garda resources to be debated in the Dáil News Highland PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Dail hears questions over design, funding and operation of Mica redress scheme The Oireachtas Joint Transport Committee has been told that there is an anomoly in Donegal where a bus route leaves Rathmullan in the morning, but doesn;t return there in the evening.The issue was raised by Deputy Joe Mc Hugh as senior Bus Eireann staff appeared before the committee to answer questions about national and regional routes.He asked if Bus Eireann would consider serving the area…………[podcast]http://www.highlandradio.com/wp-content/uploads/2012/10/jmch1pm.mp3[/podcast]Rory Leahy, North West Regional Manager of Bus Eireann stressed that the current route is not part of the Public Service Order contract, and Bus Eireann has no involvement in it.However, he said the area could be looked at in the future…………[podcast]http://www.highlandradio.com/wp-content/uploads/2012/10/leahy1pm.mp3[/podcast] Man arrested in Derry on suspicion of drugs and criminal property offences released 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report RELATED ARTICLESMORE FROM AUTHOR Dail to vote later on extending emergency Covid powers last_img read more

Pringle “not surprised” by conservation grant deadline extension

first_imgThe deadline has been extended for applications for the water conservation grant for a further two weeks.Households must now apply by Thursday October 22nd.The Environment Minister and Tánaiste says the extension is down to the high volume of calls and applications today and issues that arose concerning the postal delays earlier this week.Donegal Deputy Thomas Pringle says he’s not surprised, as it’s not the first time the deadline has been extended………..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/10/pringwater.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pringle “not surprised” by conservation grant deadline extension WhatsApp Dail to vote later on extending emergency Covid powers Pinterest Homepage BannerNews Twitter PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Google+ Facebook Previous article30 years on and Northern Ireland are back in the big timeNext articleHarkin says new laws regulating Credit Unions should not be enacted News Highland HSE warns of ‘widespread cancellations’ of appointments next week center_img Google+ RELATED ARTICLESMORE FROM AUTHOR Twitter By News Highland – October 9, 2015 Dail hears questions over design, funding and operation of Mica redress scheme Man arrested in Derry on suspicion of drugs and criminal property offences released Facebook Pinterest WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more

Audio update – Derry councillor hits out after car is burned out in Galliagh

first_img Further drop in people receiving PUP in Donegal Audio update – Derry councillor hits out after car is burned out in Galliagh By News Highland – November 6, 2014 Facebook Homepage BannerNews Facebook RELATED ARTICLESMORE FROM AUTHOR WhatsApp Twitter Pinterest 75 positive cases of Covid confirmed in North Google+center_img WhatsApp 365 additional cases of Covid-19 in Republic Previous articleINMO figures show Letterkenny General’s overcrowding crisis continuesNext articleMan arrested in Derry in connection with Syria activity News Highland Man arrested on suspicion of drugs and criminal property offences in Derry Twitter Main Evening News, Sport and Obituaries Tuesday May 25th Gardai continue to investigate Kilmacrennan fire Google+ Pinterest A Derry councillor has condemned a petrol bomb attack on a family car in Galliagh.Cllr Brian Tierney said the victims were “shocked and distraught” after their vehicle was set ablaze by three masked men at Glencaw Park last night. They were last seen heading off in the direction of Leafair Park.After visiting the family today, he says they remain shocked and distraught following the cowardly attack.Cllr Tierney says there are four young children living in the house, one of whom has disabilities and requires transport to medical appointments several times a week.He’s urging anyone with information to contact the PSNI.Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/11/briantweb.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.last_img read more

Deputy McHugh calls for Government hit banks ‘where it hurts’

first_img Twitter Google+ News 365 additional cases of Covid-19 in Republic Twitter Google+ Further drop in people receiving PUP in Donegal Pinterest Donegal Deputy Joe McHugh has called on the Government to consider paying social welfare payments into people’s Credit Union accounts instead of insisting it is paid into a bank.Deputy McHugh says it would be one way of punishing some of the larger banks responsible for the economic crisis who still pay out large salaries and pensions to some of their executives.He was speaking in the Dail during a debate on the Credit Union Bill 2012.Deputy McHugh says it is time to hurt banks in their pockets just as many of them have done to the people:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/11/McHughBANKS.mp3[/podcast] Facebook Facebook 75 positive cases of Covid confirmed in North center_img WhatsApp Gardai continue to investigate Kilmacrennan fire Deputy McHugh calls for Government hit banks ‘where it hurts’ RELATED ARTICLESMORE FROM AUTHOR Man arrested on suspicion of drugs and criminal property offences in Derry Previous articleCutliffe plan to run in local elections may create problems for LabourNext articleWorkers at Buncrana call-centre told they will receive no wages for November News Highland Pinterest Main Evening News, Sport and Obituaries Tuesday May 25th WhatsApp By News Highland – November 14, 2012 last_img read more

Update – Security alert ends on Derry’s Buncrana Road

first_img Twitter Google+ Man arrested on suspicion of drugs and criminal property offences in Derry 365 additional cases of Covid-19 in Republic Previous articleFour arrested in Derry as part of letter bomb investigationNext articleAnother title for McKillop admin Update – Security alert ends on Derry’s Buncrana Road RELATED ARTICLESMORE FROM AUTHOR Homepage BannerNews Pinterest Facebook Main Evening News, Sport and Obituaries Tuesday May 25th By admin – August 20, 2014 center_img Google+ Twitter A security alert near the Derry/Donegal border has ended.Yesterday, police sealed off an area of the road near the Branch roundabout on the Buncrana Road.The PSNI say that at around 1230pm they received a report that a lorry had been hijacked in the Galliagh area.Two masked men approached the driver as he was making a delivery at Ederowen Park, and they loaded an object onto the back of the lorry, and ordered the driver to take the vehicle to Strand Road Police Station.But the lorry driver abandoned the vehicle on the Buncrana Road.Staff were evacuated from St Columb’s College and people were also been moved from business units in the Springtown Industrial Estate.The alert ended at around 6.30 last night when the alert was declared a hoax. WhatsApp WhatsApp Gardai continue to investigate Kilmacrennan fire Pinterest Further drop in people receiving PUP in Donegal 75 positive cases of Covid confirmed in North Facebooklast_img read more