Many Consumers Still Weighed Down by Mortgage Debt

first_imgSign up for DS News Daily 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 Home / Daily Dose / Many Consumers Still Weighed Down by Mortgage Debt Demand Propels Home Prices Upward 2 days ago Many Americans are still struggling with mortgage debt, which is the third most-popular form of debt in the nation. Much of this debt stems from borrowing at the wrong time and for the wrong purpose, preventing consumers from achieving financial stability.An Urban Institute report titled, “Americans’ Debt Styles by Age and over Time” released recently found that 54.5 percent of those ages 18-22 are debt free, while 39.2 percent of those ages 23-27 are debt free. However, as borrowers age, that number drops drastically to 18.1 percent for the 63-67 age group, but rises for those over 77 at 36.1 percent.”Consumers tend to borrow and consume less than predicted early in their lifetimes. Second, they also tend to consume more and save less than predicted in middle age, when they have their highest earnings; consequently they do not have enough savings to maintain their consumption levels in retirement,” the report explained.In 2014, mortgage debt was the third-highest form of debt among consumers, with 28 percent holding some form of housing-related debt, the report showed. The highest percentage of consumers have mortgage debt in their late 30s through their early 60s. For borrowers with mortgages, debt balances averaged $160,000 in 2014, up from $150,000 in 2010.”These debt patterns reflect lifestyle changes as consumers get older: they finish their higher education and largely pay off the associated debt in their 20s and 30s, finance and become auto and homeowners in their 30s through their 60s, and accumulate enough equity on their homes to finance other spending against that equity in their late 40s through late 60s,” the report said.The Urban Institute research showed that those without debt tend to have lower Vantage scores within each age group.  The 39.2 percent of 23–27-year-olds with no debt have a median Vantage score of 524, compared to 669 for those who have debt. For older consumers age 77 and over, the median Vantage score is 675, compared to 805 for consumers with debt. The median Vantage score for consumers 30 or younger is no more than 650; but it is more than 780 for consumers 68 or older.”This suggests that those who have no debt have not built the credit history necessary to obtain debt, rather than the alternative, that they have no need for debt,” the report stated. “Across age groups, younger consumers tend to have much lower credit scores than older consumers.”Click here to view the full report. Related Articles Tagged with: Consumer Debt Mortgage Debt Urban Institute Previous: Fed Chairman Yellen Urges Congress to Reject Fed Reform Bill Next: Borrower Outreach Events Proving Successful at Preventing Foreclosures About Author: Xhevrije West Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University.  Print This Postcenter_img Servicers Navigate the Post-Pandemic World 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Market Studies, News November 17, 2015 3,149 Views The Best Markets For Residential Property Investors 2 days ago Many Consumers Still Weighed Down by Mortgage Debt The Best Markets For Residential Property Investors 2 days ago Subscribe Consumer Debt Mortgage Debt Urban Institute 2015-11-17 Brian Honealast_img read more

A Vote of Confidence for Bank of America

first_img Share Save The Best Markets For Residential Property Investors 2 days ago Previous: CFPB Clears the Way for Class-Action Lawsuits Next: CFPB Names Advisory Board Members in Daily Dose, Featured, Headlines, News Related Articles Bank of America will be getting a new investor soon, according to a press release—and that investor’s name is Warren Buffet, Chairman and CEO of Berkshire Hathaway.The company, who’s 2011, $5 billion deal on preferred stock with Bank of America, also included warrants to purchase 700 million shares of common stock. Buffet shared in a letter to his stockholders that he intends on capitalizing on these warrants.Bank of America’s stock currently trades at $24.88, as of July 10, 2017; however, Berkshire Hathaway’s warrants allow the company to purchase Bank of America stock at $7.14 per share. With Bank of America recently increasing their dividends to $0.12 per share in response to The Fed’s stress test results last month, 700 million shares amounts to nearly $336 million in dividend payouts over the course of the year.This isn’t the first time Berkshire Hathaway has invested in a bank. They’ve held American Express since the 60s, and also have positions in Well Fargo, U.S. Bancorp, and Bank of New York Mellon.The bank stands to benefit from the long-term investment that Buffet is known for, particularly from the vote of confidence that such an investment holds in the market. Bank of America’s stock has been struggling since the housing bubble burst, when it had peaked at around $55 a share. By 2009, the stock was as low as $5 per share. Since that time, Bank of America has been struggling with legal expenses, elevated operating costs as a result of industry mandated regulations, and loan charge-offs. It is estimated that the bank has incurred expenses of close to $200 billion. Since the 2009, the bank’s stock has slowly been climbing back, but still remains 46.6 percent lower than its highest point.aBerkshire Hathaway’s investment in Bank of America will make the conglomerate the bank’s largest shareholder. About Author: Joey Pizzolato Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Bank of American Investment Warren Buffet A Vote of Confidence for Bank of America Home / Daily Dose / A Vote of Confidence for Bank of America Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] Bank of American Investment Warren Buffet 2017-07-10 Joey Pizzolato Sign up for DS News Daily center_img July 10, 2017 1,313 Views 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 The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more

State of the SFR Investment Market

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago State of the SFR Investment Market 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. Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Investment, News October 31, 2018 3,320 Views Guardian Residential Homes HOUSING Properties SFR 2018-10-31 Radhika Ojha Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago About Author: Radhika Ojha Home / Daily Dose / State of the SFR Investment Market Related Articles  Print This Postcenter_img Servicers Navigate the Post-Pandemic World 2 days ago Previous: Parental Opportunities Next: The Work From Home Effect Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Guardian Residential Homes HOUSING Properties SFR Share Save The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Dennis Cisterna, Founder and CEO of Guardian Residential guides the firm’s investment strategy and growth. A keynote speaker at the Five Star Conference’s Single-family Rental Roundtable this year, Cisterna spoke with DS News on the factors that are impacting the single-family rental (SFR) investment market and what investors looking at entering this market segment should be aware of.What are your key takeaways on the SFR investment market?The single-family rental investment sector has continued to mature. There’s a tremendous amount of opportunities out there as prices and rents continue to increase, and investors look to create added value whether that is build-to-rent, finding better financing options, doing deeper renovations, or exploring new markets. Opportunistic investments such as investing in foreclosed or heavily distressed properties are declining as a majority of that inventory has burned off and we’re now in a much more stable investing environment. The smart investors are the ones who are looking at how they can either find or create value through new channels.What trends do you see for SFR investments in 2019?One of the big opportunities that I see growing is the trend of build-to-rent as people look for high-quality assets that produce attractive yields. New construction as rentals works well, especially with homes in the $150,000 to $250,000 price range. Build-to-rent has the capacity to expand well beyond the current footprint. It’s a win-win for both the builder and the investor because the builder is selling additional inventory or they’re typically selling it faster, and for the investor, it’s obviously a pipeline to a product they didn’t have.Do you see the inventory crunch impacting this market segment?To understand the inventory crunch you need to first see where supply comes from—it’s either new construction where we are building homes today at the same rate we did in 1961 even though there are 150 million more people in the U.S. or you look at existing homes, where people are staying in their houses longer than they have historically. Both of these factors are reducing the amount of available inventory. Lastly, you can consider the distressed property market, which has essentially dried up. Most of the distressed assets that are coming through the pipeline are those with a pre-recession vintage. But if you look at the overall credit risk right now of both the borrower and the type of loan products, we’re originating conservative loans to the overqualified borrower, and because of the factors I just mentioned, it just means that it’s an extremely tight market. Investors have to work a little bit harder for a good opportunity.What would be your advice to investors looking to enter the SFR market?Always know why you invest and where you invest. Many people—I like to call it the HGTV trend—get brought in by the allure of how easy it is to flip a property or find an investment property and become a landlord. But in reality, this is hard work. Any investor needs to conduct diligence in terms of the market they’re in, understand the asset’s performance, and execute the strategy to accomplish what they want with that property. People don’t think enough about their long-term goals, what they actually want out of a property several years down the line. Another simple piece of advice would be to set aside capital for reserves because bad things occasionally happen and if you’re one of those investors who takes every penny off the table, you’re left without cash to carry out any type of deferred maintenance or capital expenditure. At this stage, such investors can run the risk of moving into slum lord territory and find that the quality of that property goes down, rents decline, and put the investor on the way to distress and default.Click here to view the presentation given by Cisterna during his keynote address at the Single-family Rental Roundtable. Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

The Impact of Forbearance on the RMBS Market

first_imgHome / Daily Dose / The Impact of Forbearance on the RMBS Market  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Market Studies, News Related Articles Demand Propels Home Prices Upward 2 days ago Previous: DS5: Challenges in Property Preservation Next: Re-Evaluating the Payroll Protection Program Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save The Impact of Forbearance on the RMBS Market Demand Propels Home Prices Upward 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Forbearance MBS mortgage 2020-05-14 Seth Welborn About Author: Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The coronavirus pandemic is triggering widespread use of forbearance plans or “payment holidays” in the U.S. mortgage market. A new report by Fitch Ratings, “What Investors Want to Know: Coronavirus-related Forbearance Plans in U.S.,” describes the various programs and potential impact on RMBS ratings.RMBS documentation is likely to be silent on the treatment of COVID-19 related forbearance plans. Often the only reference to forbearance in the transaction documentation will be limited to treatment of forborne principal as a result of loss mitigation efforts of a servicer. Payment forbearance, or a “payment holiday”, has a different meaning and treatment in RMBS.Missed payments as part of payment forbearance plan that are deferred as a lump sum payment due at maturity may be deemed a modification by the servicer in PLS transactions. Once modified, the servicer may reimburse it principal and interest (P&I) advances from the principal portion of collections, which could result in permanent write-downs to the bonds to the extent excess spread is not available. The impact on the deals will depend on the number of borrowers needing forbearance, the length of time of the forbearance period, the proportion of borrowers that require loan modification or other loss mitigation and RMBS transaction structural mitigants that limit the impact of advance reimbursement.Fitch announced its intention to apply new delinquency timing stresses, increased loss expectations, and the potential impact on U.S. RMBS ratings in the exposure draft report, U.S. RMBS Coronavirus-Related Analytical Assumptions. Heavy utilization of COVID-19 related forbearance plans may skew some RMBS performance-related triggers. Additionally, Fitch may adjust its analytical assumptions as more information becomes available.Originators are increasingly bypassing traditional interior property inspections and looking to new guidance provided by government regulators and the GSEs offering temporary alternatives for new loans. Fitch believes that it is appropriate during this period to continue to perform more outside-the-box pre-close appraisals for loans designated to be included in PLS. Fitch believes that exterior-only inspections can be effectively used during the coronavirus outbreak without introducing material additional credit risk in many purchase and rate-term refinance transactions.Fitch has observed that many originators have updated their non-conforming loan guidelines to reflect the March guidance from the GSEs. Mortgage originators are likely to apply this policy for the duration of the coronavirus outbreak; new loan closings are expected to reflect the revised approach over the coming months. Sign up for DS News Daily Tagged with: Forbearance MBS mortgage Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago May 14, 2020 1,416 Views 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. Subscribelast_img read more

Building a More Diverse Future for Housing

first_imgHome / Daily Dose / Building a More Diverse Future for Housing Demand Propels Home Prices Upward 2 days ago Building a More Diverse Future for Housing  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Diversity Inclusion 2020-09-15 David Wharton The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: David Wharton September 15, 2020 1,263 Views Continuing an annual tradition, our September issue of DS News is once again our Diversity issue, focused on exploring the business case for diversity and inclusion, as well as practical takeaways and best practices from those working in the space. We encourage you to read the full digital issue online, and to check out the American Mortgage Diversity Council to learn more about the initiatives they are championing.In the meantime, we continue that exploration here with a conversation with several members of Radian’s Inclusion & Diversity Council.Why is I&D important to the mortgage industry?Eric Ray, Senior EVP, Chief Digital Officer, and Co-Head of Real Estate: As a mortgage and real estate services company, our primary purpose at Radian is to ensure the American dream of homeownership responsibly and sustainably. We provide mortgage insurance and a comprehensive suite of mortgage, risk, real estate, and title services to customers across the U.S., which is becoming more racially, ethnically, and culturally diverse. These demographic changes, particularly in today’s housing market, have implications for our business, including the need to understand how inclusion and diversity, and changes in population, impact our industry, our customers, and our colleagues.Eric RayAnita Scott, EVP, Chief Human Resources Officer: The success of our company relies on its workforce. A workforce that is intentional with its inclusive culture and diverse population is proven to be more successful, especially in representing the communities in which they serve. Simply put, it makes good business sense, internally and externally with our business partners.MJ Watkins, Director, Corporate Relations: I believe Inclusion and Diversity is important to every industry. Specific to the mortgage industry, U.S. households are becoming more racially and ethnically diverse and millennials getting ready to form new households are roughly 50% diverse. To be best positioned to address the changing demographics of the mortgage industry, an organization will need a defined strategy focused on I&D to stay current, stay relevant and meet the needs of prospective homebuyers.Dave McCormick, SVP, Inside Sales: The foundation of the mortgage and housing industry is comprised on the broadly diverse consumer base that participates in it and drives it every day. Our customers serve the entirety of the homeownership community, and as their partner, Radian strives to support those efforts by being an industry leader on the I&D front. In doing so, we grow stronger as an organization as we create an environment that not only champions diversity, but one that draws out the best from our diverse and talented workforce by embracing a culture of inclusion so that the best ideas and innovations can be brought to bear for the betterment of our company, our customers, and our industry as a whole.Dana Keyser, VP, HR Business Partner: In my opinion, I&D is important to all industries and businesses. As a mortgage and real estate services company, our primary purpose at Radian is to ensure the American dream of homeownership responsibly and sustainably. We do this inclusively for all and recognize the power of a talented, diverse workforce driving our business to succeed. Our employees at Radian are encouraged to share ideas and engage in collaborative problem solving, ultimately making Radian better for customers, colleagues, and shareholders.Anita ScottKatie Brewer, SVP, Valuation Services Operations: The mortgage industry is massive and employs a substantial number of people across multiple segments. We also serve a very diverse population, and our workforce should be representative of the market we serve. Our people make the difference, and it takes diverse viewpoints, perspectives, thinking styles and backgrounds to have a rounded and meaningful vision and overall successful business. Having an inclusive and diverse workforce ensures we incorporate these perspectives into our business and the industry as a whole.What does it mean to have a commitment to inclusion and diversity?Ray: We launched our Inclusion & Diversity (I&D) program in 2019 with the goal of embracing a more inclusive and diverse Radian. We purposely decided to flip the order to lead with inclusion, rather than diversity, because we realize our strengths lie in the differences and the uniqueness of who we are, our thoughts and experiences, and how we approach issues. In order to truly leverage our diversity, we must be inclusive. We stand by our thinking that without inclusion, there is no diversity.Scott: Having a commitment to inclusion and diversity is much more than checking a box or saying that you can say you have a commitment on paper. It means creating a culture of inclusion first. I believe that if you do not see people who look like you at work or who share some of your diverse characteristics you are less likely to stay engaged or less likely to pursue career growth opportunities. Having I&D as one of our strategic priorities, and setting actionable and measurable goals throughout our journey, is an important way to show our commitment and progress to the organization and our external partners.MJ WatkinsWatkins: Having a commitment to Inclusion and Diversity is everything to me as an employee and council member. Knowing that my experiences, my ethnicity and my culture is valued, appreciated and leveraged to help the company succeedMcCormick: It means that as an organization, we are taking I&D beyond a mission statement, beyond a core value, and weaving into how we think, recruit, and operate daily. It means understanding and embracing that we always have more to learn and can always improve. It means engaging in a dialogue that runs through our organization over time, leading us down a road of continuous improvement. It results in an organization that reflects our diverse customer base and places a high value on the fact that everyone has a voice that should be heard in a continuous pursuit to reach our full potential.Keyser: A commitment to inclusion and diversity is more than a tagline. It’s a commitment to ongoing dialogue, examining our practices to continually improve, and empowering our employees to take action in support of our inclusive culture. It means celebrating what makes each of us unique and creating an environment where all are encouraged to participate and contribute.Brewer: Demonstrating a commitment to inclusion and diversity means leading by example in all aspects of our business. Building a diverse team, seeking out other perspectives, and including others with different experiences and backgrounds is key. By promoting an inclusive workplace environment, we leverage our entire team, which is full of diverse people, talent and ideas. It is an important part of who we are as a company, how we operate, and our long-term success.What are your goals and what successes have you had with I&D initiatives?Dave McCormickRay: The Council has developed the near-term goal to strengthen our workforce through diversity of thought and perspectives in the workplace—to be achieved through talent acquisition (sourcing from a diverse slate, hiring manager training, Employee Resource Group referrals) and talent retention and mobility (developing and advancing internal talent). The Council is charged with developing the framework for implementing and impacting inclusive initiatives, programs, policies, and processes.In addition, our near-term goal is to broaden awareness of the issues and challenges through readings, videos, ERG formations, and creating an environment for penalty free discussions. We’ve made great progress on this. Our longer-term goal is to further sponsor, foster, and develop our I&D culture by creating a new set of cultural norms.Scott: Our goal for the Council is around strengthening Radian by increasing diversity within our workforce and fostering an inclusive culture. Our supporting priorities revolve around furthering our partnerships with diverse talent suppliers to increase our hiring pipeline and engaging the organization in our ERG network.Dana KeyserOur successes are in the progress we’ve made in setting up our I&D council as well as having an overwhelming response from our organization around our impromptu “listening sessions” in response to recent community events. We have created an employee resource page on our internal portal dedicated to Inclusion and Diversity, streaming all communications, webinars, external resources for our employees to access at their interest level. I&D continues to be a strategic priority at the top of the house and the engagement from the employee base is just as strong.Watkins: As an I&D council member, my goal is to support relevant strategies that will help Radian be a more inclusive and diverse organization. In response to the social injustice events occurring this year, the I&D council hosted two employee forums to discuss the Black Lives Matter movement. These forums were a success, allowing employees to share their personal experiences as well as enlightening colleagues about bias.McCormick: Personally, I want to be very self-aware, and strive to be a model of inclusion and diversity when I look at my own business unit. I want to ensure that the members of my team feel heard and feel like they play an active part in in where we are going as a department and as a company. We have made a conscious effort to pull together a team that comes from varying backgrounds and experiences so that we can benefit from diversity of thought. We need to continue down that path.Katie BrewerKeyser: Fostering an inclusive culture is a primary goal of our I&D Council. We have seen success in our efforts to educate our workforce on diversity topics and raise awareness of other’s experiences. We’ve published a series of diversity stories on our internal Intranet site, created the corporate citizenship employee spotlight to celebrate the great work our employees are doing within the community, and recently our Council has begun hosting open discussions with our employees on diversity topics. Our employees are engaged in the discussions and openly share ideas in support of our commitment to inclusion and diversity.Brewer: My goals are to ensure that Radian emerges as an I&D leader in the industry and sets a precedent for other businesses. Radian has always promoted a very inclusive culture and has a diverse workforce, while partnering with various trade groups that represent important diverse industry segments. This year we’ve been focusing on training for all of our team members, roundtables focusing on I&D, and creating employee resource groups for additional support and collaboration. We’ve already received lots of positive feedback and I’m looking forward to continuing to grow our efforts and focus. Servicers Navigate the Post-Pandemic World 2 days ago Previous: Working Toward a More Diverse Industry Next: Hurricane Sally Brings ‘Extensive’ Damages to Gulf Coast in Daily Dose, Featured, Journal, Newscenter_img The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Tagged with: Diversity Inclusion Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Subscribelast_img read more

81 jobs secured in Rivermedia restructuring

first_img Google+ 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 HSE warns of ‘widespread cancellations’ of appointments next week Facebook 81 jobs secured in Rivermedia restructuring Twitter Pinterest A major restructuring programme has been confirmed by River Media Newspapers, which the company says will save 81 jobs. Six titles are owned by the company, four in the republic and two in the North.As part of the package, a receiver to the group’s four papers in the Republic and an administrator to its two titles in the North.The company says it had been trading profitably over the past year but was hampered by a very large historic debt burden.There will be no effect on the company’s papers, all of which will continue to publish as normal.They are the Letterkenny Post, Inish Times, Donegal Post and Kildare Post in the republic, and the Derry News and County Derry Post in the North. Dail to vote later on extending emergency Covid powers Man arrested on suspicion of drugs and criminal property offences in Derry Google+center_img By News Highland – September 6, 2011 Previous articleReports suggest Donegal Creameries and Connaught Gold are close to final dealNext articleLetterkenny charity shop advised by Judge to consider piano refund News Highland Man arrested in Derry on suspicion of drugs and criminal property offences released RELATED ARTICLESMORE FROM AUTHOR Newsx Adverts WhatsApp WhatsApp Pinterest Facebook Twitterlast_img read more

Gardai appeal for information after 12 year-old was approached by man on way home…

first_img WhatsApp Further drop in people receiving PUP in Donegal Google+ WhatsApp Gardai appeal for information after 12 year-old was approached by man on way home from school Google+ Pinterest 365 additional cases of Covid-19 in Republic Pinterest Twitter Main Evening News, Sport and Obituaries Tuesday May 25th Facebookcenter_img 75 positive cases of Covid confirmed in North By admin – November 11, 2016 Previous articleRental hike in Donegal causes surge in investors in buy-to-let propertiesNext articleHard Drugs being sold in Letterkenny and old issue – Anti-Drug Campaigner admin Gardai are investigating an incident which occurred yesterday afternoon in Dunloe.At approximately 3pm a 12 year-old boy was walking home from school when he was approached by a male who is believed to be carrying a knife.Gardai are appealing to anyone that has any information to contact Dunloe or Milford Garda Station.Superintendent David Kelly said the young male is very distressed about what had happened …Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/11/dunloe1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Homepage BannerNews Twitter Man arrested on suspicion of drugs and criminal property offences in Derry Facebook RELATED ARTICLESMORE FROM AUTHOR Gardai continue to investigate Kilmacrennan firelast_img read more

CSO reports a substantial fall in most crimes across Donegal

first_img Gardai continue to investigate Kilmacrennan fire Twitter Jimmy Harte LABA Donegal Senator has welcomed the substantial decrease in crime in the Donegal Garda DivisionCSO figures released yesterday show that in the second quarter of 2013 crime has dropped substanially in the county.Burglaries, public order offences, assaults, cases of drink driving and damage to property and the environment were all down.But sexual offences and the number of rape and sexual assaults recorded slight increases.Labour Senator Jimmy Harte has welcomed the figures:[podcast] http://www.highlandradio.com/wp-content/uploads/2013/09/jimhcrimefigs1.mp3[/podcast] Facebook CSO reports a substantial fall in most crimes across Donegal Twitter 365 additional cases of Covid-19 in Republic Further drop in people receiving PUP in Donegal Previous articleNew traffic lights outside LYIT now permanently switched onNext articleTaoiseach says government yet to decide on whether Omagh Inquiry is necessary News Highland Google+ Facebook WhatsAppcenter_img Pinterest By News Highland – September 25, 2013 Main Evening News, Sport and Obituaries Tuesday May 25th Google+ Man arrested on suspicion of drugs and criminal property offences in Derry 75 positive cases of Covid confirmed in North RELATED ARTICLESMORE FROM AUTHOR WhatsApp Pinterest Newslast_img read more

Former FF candidate to take Labour seat on council

first_img 365 additional cases of Covid-19 in Republic Google+ By News Highland – May 27, 2011 Twitter 75 positive cases of Covid confirmed in North Facebook A former Fianna Fail candidate will be Labour’s countyv council replacement for Senator Jimmy Harte.We understand Michael Mc Bride from Kilnacrennan, a former close ally of the Blaney organisation, was approached within the past week, and has agreed to take the position.Mr M Bride, who got over 1,400 first preferences in the last local election will be coopted onto the council on Monday. Previous articlePSNI escalate search today for missing 22-year-oldNext articleHarps cleared to draw down €125,000 News Highland Pinterest Facebook Newsx Adverts Google+center_img Former FF candidate to take Labour seat on council RELATED ARTICLESMORE FROM AUTHOR WhatsApp Main Evening News, Sport and Obituaries Tuesday May 25th Pinterest Twitter Man arrested on suspicion of drugs and criminal property offences in Derry Further drop in people receiving PUP in Donegal WhatsApp Gardai continue to investigate Kilmacrennan firelast_img read more

Auditors express concern at the level of Donegal County Council’s deficit

first_imgHomepage BannerNews WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derry Main Evening News, Sport and Obituaries Tuesday May 25th Twitter An Overview of the work of Local Government Auditors has expressed grave concern at the deficit run by Donegal County Council.At the end of 2013, the council’s deficit was over 17 million euro, the second highest in the country.The report also found that at the same time, the council had a land bank valued at over 32 million euro.In its analysis of the report, the Irish Independent reports the financial position of some councils is “deteriorating”, with 20 technically insolvent as of the end of 2013, the most recent year for which figures are available.Of these, nine have a deficit of more than €2m each, with particular concerns expressed about Sligo and Donegal, which are running deficits of €21.7m and €17.7m respectively.The overview of the workl of local government auditors shows 58% of commercial rates owed were collected by Donegal County Council in 2013, 88% of housing rent due was paid, while the collection rate for commercial water rates was 42%, the fourth lowest collection rate in the country. Pinterest Gardai continue to investigate Kilmacrennan fire Previous article“Ruaille Buaille” catchup – 07/04/15Next articleDoherty publishes bill which will be used to scrap Irish Water if SF end up in government admin Auditors express concern at the level of Donegal County Council’s deficit Twitter Google+center_img 75 positive cases of Covid confirmed in North Further drop in people receiving PUP in Donegal 365 additional cases of Covid-19 in Republic WhatsApp Facebook By admin – April 8, 2015 Facebook RELATED ARTICLESMORE FROM AUTHOR Google+ Pinterestlast_img read more