Royal Bank of Scotland Loses Bid to Have FHFA’s MBS Suit Dismissed

first_imgHome / Daily Dose / Royal Bank of Scotland Loses Bid to Have FHFA’s MBS Suit Dismissed The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago August 25, 2015 2,044 Views in Daily Dose, Featured, News, Secondary Market Tagged with: FHFA Lawsuits Mortgage-Backed Securities Royal Bank of Scotland Demand Propels Home Prices Upward 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. The Week Ahead: Nearing the Forbearance Exit 2 days ago FHFA Lawsuits Mortgage-Backed Securities Royal Bank of Scotland 2015-08-25 Brian Honea Royal Bank of Scotland Loses Bid to Have FHFA’s MBS Suit Dismissed About Author: Brian Honea A federal judge in Connecticut has denied a bid by the Royal Bank of Scotland (RBS) to dismiss a lawsuit filed by the FHFA accusing the bank of misleading Fannie Mae and Freddie Mac in the sale of $32 billion worth of residential mortgage-backed securities before the financial crisis, according to media reports.FHFA claims that Fannie Mae and Freddie Mac relied on false and misleading statements made by RBS when purchasing the mortgage-backed securities, causing the GSEs to suffer massive losses. Reports surfaced in early July that the FHFA, conservator of Fannie Mae and Freddie Mac since 2008, is seeking up to $13 billion in damages from RBS in the lawsuit.RBS attempted to have the lawsuit dismissed on the grounds that the FHFA waited too long to sue. The suit was filed in 2011, three years after the financial crisis. U.S. District Judge Alvin Thompson in the U.S. District Court, District of Connecticut ruled that the time limit for filing the suit had been extended by a law passed in the wake of the financial crisis, according to a report from Reuters.The FHFA said in an email to DS News that it would not be commenting on the judge’s ruling or the case. A spokesperson from RBS could not immediately be reached for comment.RBS was one of 18 lenders sued by the FHFA in 2011 to recoup U.S. taxpayer costs following the government’s $187.5 billion bailout of Fannie Mae and Freddie Mac in 2008. Out of the 18 lenders the FHFA sued, 16 of them settled for a combined total of about $17 billion. Nomura Holdings took FHFA to trial in March for a case in which RBS was also a defendant. Nomura was found liable for deceiving the GSEs in the sale of $2 billion worth of mortgage-backed securities and was ordered to pay $806 million to the FHFA. 2008. The bank has appealed the verdict. The case against RBS is the last of the FHFA’s 18 lawsuits that has not either been settled or completed a trial.In June 2014, RBS agreed to pay $99.5 million to settle a separate FHFA suit claiming that the bank sold more than $2 billion worth of faulty mortgage-backed securities to Fannie Mae and Freddie Mac between 2005 and 2007, the years of the “housing bubble” in the U.S.center_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 Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Previous: PRIA Awards Two Ernst Publishing-Sponsored Scholarships Next: Are Single-Family Property Renters More Likely to Buy a Home Than Those in Apartments?  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Subscribelast_img read more

Foreign Central Banks Cutting Back on U.S. Mortgage-Backed Securities

first_img Demand Propels Home Prices Upward 2 days ago Global market turbulence has caused foreign central banks to cut back holdings of U.S. agency and mortgage-backed securities and Treasuries, according to media reports on Tuesday.Last week, data from the Federal Reserve indicated that foreign central banks had reduced holdings of agency debt and MBS at the Fed to their lowest level since early May ($285.21 billion), according to a report from Reuters. It was the sixth straight week the foreign central banks had reduced their holdings with the U.S. central bank. Last week, they experienced their largest decline ($10 billion) in more than three years.The foreign central banks’ recent sales of U.S. agency MBS and Treasuries may have been prompted by a weakening Chinese economy and fears over a federal funds target rate increase by the Fed later in the year, according to the report. Reaction from Fed policy makers on the recent U.S. stock market turbulence has been mixed; while New York Fed President Bill Dudley stated last week that a rake hike now seems “less compelling” after recent stock market declines, St. Louis Fed President James Bullard has said that the U.S. central bank is in “good shape” to raise rates and that the chances of such an increase are greater than 50 percent – and that the recent stock market volatility does not change that outlook.It is speculated among some traders that worries over a weakening global economy are driving the recent sales of U.S. Treasuries by foreign central banks that are trying to defend their currencies in anticipation of the outflow of private capital; such declines in currency would make the importing of goods such as oil and food more expensive.While some traders speculated the weakening global economy drove the foreign banks’ shedding of U.S. Treasuries and mortgage-backed securities (namely those issued by Fannie Mae, Freddie Mac, and the Federal Home Loan Banks), the recent cuts were downplayed by other traders who say the foreign central banks have a tendency to reduce their U.S. mortgage debt-related holdings when the stock market is turbulent. The skeptics pointed out that the foreign central banks shed even more U.S. Treasuries and MBS during the European debt crisis in 2012.The reports stated that if the trend of foreign banks selling off U.S. mortgage-related debt continues, and expands, however, it will result in an in increase in costs for refinancing homes.The next meeting of the Federal Reserve Open Market Committee to determine if the Fed will raise interest rates will be September 16 an 17, after which the FOMC will have two remaining meetings in 2015. The rates have been at or near zero for a record nine years.As of August 26, foreign central bank ownership of U.S. Treasuries was $3.018 trillion, which was an increase of $5.6 billion from the week before, according to Reuters. The amount of U.S. Treasuries held by the foreign central banks is considerably larger than the amount of agency MBS they hold ($285 billion). Subscribe in Daily Dose, Featured, Government, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Federal Reserve Foreign Central Banks Mortgage-Backed Securities 2015-09-02 Brian Honea Share Save Previous: HUD Secretary Castro Praises Nation’s Progress Made Toward Fair Housing Next: DS News Webcast: Wednesday 9/1/2015 Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 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 Demand Propels Home Prices Upward 2 days ago Tagged with: Federal Reserve Foreign Central Banks Mortgage-Backed Securitiescenter_img September 2, 2015 799 Views Home / Daily Dose / Foreign Central Banks Cutting Back on U.S. Mortgage-Backed Securities Sign up for DS News Daily Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Foreign Central Banks Cutting Back on U.S. Mortgage-Backed Securities Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago 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. About Author: Brian Honea  Print This Postlast_img read more

Homeownership Re-enters Political Discussions

first_imgHome / Daily Dose / Homeownership Re-enters Political Discussions Governmental Measures Target Expanded Access to Affordable Housing 2 days ago While the two major party presidential candidates have not said much about housing policy in the months leading up to their parties’ respective national conventions, housing is suddenly moving up on the priority list of lawmakers and industry stakeholders.A group of lawmakers, policymakers, and thought leaders gathered in Philadelphia at the Democratic National Convention to discuss housing policy choices facing the next Congress and administration in an event titled “Under Construction: How Will the Next President Remodel Home Lending?” The group included two U.S. Congressmen, Rep. Brad Sherman (D-California) and Rep. Michael Capuano (D-Massachusetts); Anne Fadullon, Director of Planning & Development, City of Philadelphia; and Susan Wachter, Albert Sussman Professor of Real Estate, Professor of Finance, The Wharton School; Co-Director, Penn Institute for Urban Research, University of Pennsylvania.Increasing the U.S. homeownership rate, which is near a five-decade low, was a focal point of the discussion. Wachter tweeted, “24% of 18-24 yr olds are owners & an almost equal % are living at home w their parents..an historic high” and “We don’t have the option of doing nothing. . . Fannie and Freddie are on a timeline to closing.” The capital buffer for Fannie Mae and Freddie Mac is required to be reduced to zero by January 1, 2018, at which point taxpayers will be on the hook for any losses they may incur if they are still under conservatorship of FHFA. in Daily Dose, Featured, Government, News In order to encourage more first-time buyers to enter the housing market, Sen. Ron Wyden (R-Oregon) earlier this month that would provide first-time buyers with a refundable tax credit equal to 2.5 percent of the home’s purchase price for homes purchased for less than $600,000 (maximum credit of $10,000).Participants in the discussion were skeptical of this, however. Sherman tweeted about Wyden’s proposal, “To GOP ‘Tax credit to accomplish the same goal is a smaller sin’ than ‘spending money to help people.’” Nevertheless, he said, increasing the homeownership rate is critical, because “The way into the middle class for many people, including me, is homeownership.” Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Subscribe Homeownership Housing Policy 2016-07-26 Kendall Baer Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Homeownership Housing Policy Previous: First-Time Foreclosure Starts Lunge to Lowest Levels Next: Land Records Research Webinar Offered By Nationwide Title Clearing Demand Propels Home Prices Upward 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 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. Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Mortgage rates hovering above record low levels are helping the homeownership rate somewhat, but housing has been constrained by consistently low inventory. Not only that, the low rates are encouraging many who are already homeowners to refinance rather than move and buy another house. Still, “Anything that keeps interest rates on mortgages lower…that’s a salient political issue for homeowners,” Capuano tweeted.Homeownership remains an impossibility for some families for a variety of reasons, chief among them inability to save for a downpayment or bad credit (or no credit). Fadullon tweeted, “Huge % of our pop. for which homeownership is completely out of reach & they just want a place to call home” and “We have…an affordability issue combined w a poverty/income issue in Philly.” Servicers Navigate the Post-Pandemic World 2 days ago Share Save Homeownership Re-enters Political Discussions About Author: Kendall Baer July 26, 2016 1,038 Views last_img read more

Ask the Economist: A Debriefing on the Future of Housing

first_imgSign up for DS News Daily November 14, 2016 1,306 Views About Author: Kendall Baer Demand Propels Home Prices Upward 2 days ago Nela Richardson, Chieif Economist for Refin, joined Redfin from Bloomberg LP, where she was a Senior Economist with Bloomberg Government. She has also held research economist positions at the Commodity Futures Trading Commission, Harvard University’s Joint Center for Housing Studies and Freddie Mac. Nela leads the Redfin research team and is a frequent guest expert on housing and economic issues for local and national mediaRichardson recent spoke with DS News on what she anticipates for the housing market in 2017.With the election results in, what do you think the new administration should do with housing policy? It’s clear that they have a ground flow of support from people that have been left out particularly in middle of the country. When we talk about housing affordability, we are usually talking about superstar cities such as Seattle, San Francisco, Austin, and Dallas which are expensive markets with low supply, but we have also discussed the Rust Belt (middle of the country) where the issue isn’t a housing boom in prices, but it is about job loss. There, homeownership, affordability, and the opportunity for homeownership rings just as true as the coastal regions just for different reasons. I think what the administration should do is really focus on homeownership because the people who voted didn’t say housing was a big voting issue and it wasn’t discussed on the campaign trail very much, but when they write out their bills every month, the rental check or mortgage check is increasingly eating more of their income especially in our cities that are in the middle of the country where wages have not risen very much.Trump will be our first real estate mogul president and so connecting opportunity with housing is a really important thing for him to do to meet the need that has been highlighted in election results.In comparison to what you think the administration should do with housing policy, what do you think the actual impact will look like?I think is is really blurry right now because this is an issue where I think there would be a big gap between what a real estate mogul who was brought into presidency by a working class population would do to help housing and homeownership compared to what some in the Republican party have been advocating. The Republican stance has been to shrink Freddie Mac and Fannie Mae, to reform FHA, and to reduce the government footprint in housing. I think it is very unclear how Trump reacts to both the needs of the voters and the platform of the Republican party when it comes to housing.How will this new administration will influence the housing market?The impact will not be right away. The fundamentals of the housing market have not changed. We are still in the same housing market that we were last week. We have low supplies in some places, too much supply in other places with no one wanting to buy, and it is still very hard to get a mortgage for most people with less than stellar credit scores. None of this has changed and I think the market will march on unless there is big policy disruption. What we have learned is markets move really fast and policies move really slow, and I don’t expect that to change anytime soon. For the rest of the year into 2017, I don’t see any changes.Now the way buyer react to the administration might change. Some homeowners particularly in luxury markets might be pausing. Luxury buyers are fickle in the first place because they don’t have to buy and they don’t have the same motivations as the traditional buyer. That is the market to watch to see if it will have an impact from a Trump presidency. Ask the Economist: A Debriefing on the Future of Housing The Week Ahead: Nearing the Forbearance Exit 2 days ago in Commentary, Daily Dose, Featured Tagged with: Nela Richardson Redfin Subscribe Home / Commentary / Ask the Economist: A Debriefing on the Future of Housing The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Nela Richardson Redfin 2016-11-14 Kendall Baer 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, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: The 5 People That Could Be Considered for HUD Secretary Next: Industry Insight: Streamlining the Foreclosure Process  Print This Postlast_img read more

Another Housing Bubble Ahead?

first_img Demand Propels Home Prices Upward 2 days ago Previous: Fannie Mae Survey Reports Near-Record High in Purchase Sentiment Next: The Future of a Career in Appraisals Another Housing Bubble Ahead? Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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 Tagged with: Bubble Home Prices Homeowners Houisng mortgage About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago 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. center_img Bubble Home Prices Homeowners Houisng mortgage 2019-06-07 Seth Welborn Research from the Black Knight indicates that the current demand for houses is largely driven by families seeking to purchase homes and not by speculators, which, according to the Urban Institute, means that we are at less risk of entering a housing bubble.Urban Institute’s analysis of Black Knight’s house price index (HPI) reveals that home prices appear to be losing momentum. In comparison that during the last housing bubble, growth in the investment component of HPI was substantially larger, “reflecting reckless lending and speculative homebuying,” said Andrew M. Neal, Urban Institute Senior Research Associate.“Investment-driven demand for housing returned in 2012 as buyers with strong credit profiles and deep pockets snapped up millions of foreclosed homes at rock-bottom prices,” Neal said. “Not surprisingly, peak growth of the investment component in 2013 (4.2%) far outpaced the consumption component (2.2%), although to a lesser extent than during the bubble.”Home prices slowed from 6.8% year over year growth in February 2018 to 3.6% in March, while home prices have hit historic highs in nominal terms. This means the return for investment for homeowners has been small, and a family buying a home at today’s prices will do slightly better than inflation, however, they shouldn’t expect outsize equity gains. Neal notes that with these trends in mind, potential homeowners making the move to ownership need to consider the absolute cost of owning versus renting, including maintenance costs, taxes and insurance, and foregone interest on the down payment. They should also consider that homeownership provides a hedge against future housing inflation or rent increases.“More importantly, these data should comfort those worried about another housing market crash,” said Neal. “Compared with the 2005–2007 bubble, when the HPI was driven mostly by speculative buying, the HPI today is driven mostly by families wanting to buy homes to live in.”Find the full release from the Urban Institute here. Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Another Housing Bubble Ahead? Share 2Save Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post June 7, 2019 4,581 Views Sign up for DS News Daily in Daily Dose, Featured, Market Studies, Newslast_img read more

Law Professionals Discuss Safety Measures for Servicers

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Home / Daily Dose / Law Professionals Discuss Safety Measures for Servicers Data Provider Black Knight to Acquire Top of Mind 2 days ago Law Professionals Discuss Safety Measures for Servicers Related Articles Demand Propels Home Prices Upward 2 days ago  Print This Post 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. Subscribe Previous: Re-Evaluating the Payroll Protection Program Next: Pace of Loans Entering Forbearance Slows Tagged with: Legal League in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Industry leaders converged digitally to unpack the latest critical regulatory changes, COVID-19 updates, and proactive strategies at the Legal League 100’s Virtual Servicer Summit. “The Legal League team has done a tremendous job putting this Summit together,” said Roy Diaz, Managing Shareholder, Diaz Anselmo Lindberg, P.A. in his opening remarks. “This has been a tremendous challenge, as you can imagine, and they’ve done a great job bringing everybody together and I’m really excited about the prospect of doing our summit on time and virtually.”Participating panelists included Christopher L. Carman, Litigation and Compliance Counsel, BSI Financial Services; Candace Russell, VP Post-Sale, Carrington Mortgage; Ryan Bourgeois, General Counsel—Partner, BDF Law Group; and John A. Dunnery, VP, Government Loan Servicing, Bayview Loan Servicing, LLC.In a Q&A with Stephen Hladik, Partner, Hladik, Onorato & Federman, LLP; and Gagan Sharma, President and CEO, BSI Financial Services, Inc discussed forbearance issues and how servicers can prepare.“As we think about what the post-forbearance scenario looks like, ramping up and preparing for that becomes important,” said Sharma. “We know that there are going to be a significant number of borrowers who are going to need that help and assistance. Trying to do as much as we can ahead of time is going to be important”Also, William R. Emmons, Lead Economist, Federal Reserve Bank of St. Louis, provided the afternoon keynote, discussing the state of the economy and what it will take to end the COVID-19 crisis.“Very few of the economic sectors will be spared in this recession,” Emmons notes. “In fact, some, I think, will be devastated.”Emmons notes that the U.S. is still “miles away” from herd immunity, meaning the economy may be closed again. Despite the Fed’s best efforts, he notes, real estate markets are still being hit.“I expect real estate values to decline,” he states, adding that large scale mortgage forbearance delays the inevitable.“Now more than ever it is vital that leaders within the mortgage servicing industry come together to not only discuss the challenges but more importantly, solutions during these trying times,” said Lindsay Wolf, Director of Membership Operations for Five Star Global. May 14, 2020 1,047 Views About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Legal League 2020-05-14 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days agolast_img read more

Robert Howard to be called as witness in Arlene Arkinson inquest

first_img The senior coroner in Northern Ireland said he plans to call a convicted child killer as a witness at the inquest into the death of a Castlederg teenager.Robert Howard was acquitted of killing 15-year-old Arlene Arkinson at a trial in 2005.Last December, he lost a High Court challenge to the Arkinson inquest being held – his lawyers claimed it was a move to undermine his acquittal.Today, it was revealed Howard is appealing the High Court ruling.The Arkinson family lawyer told the preliminary hearing they want to have the inquest heard as soon as possible and were anxious to keep to the provisional date of 11 September.They also urged a speedy resolution of the Howard appeal.Coroner John Leckey said he felt the Court of Appeal would give full weight to what he called “the dreadful position” the Arkinson family had been left in.Arlene Arkinson went missing after attending a disco in Bundoran, in 1994. Her body has never been found.Mr Leckey also said it was his intention to call Robert Howard as a witness so the inquest would need to be held in a room secure enough to deal with a category A prisoner giving evidence.Howard is serving life for raping and killing 14-year-old Hanna Williams from Deptford, south London.Her body was found in a cement works in Northfleet, Kent, in March 2002. Guidelines for reopening of hospitality sector published News Facebook Calls for maternity restrictions to be lifted at LUH Three factors driving Donegal housing market – Robinson Pinterest Previous articleFormer Derry Councillor admits sexually assaulting 11 year old girlNext articleStrabane residents to see significant increase in council rates News Highland Facebook By News Highland – February 13, 2012 Twitter Google+center_img Pinterest Robert Howard to be called as witness in Arlene Arkinson inquest WhatsApp Help sought in search for missing 27 year old in Letterkenny Google+ RELATED ARTICLESMORE FROM AUTHOR NPHET ‘positive’ on easing restrictions – Donnelly WhatsApp Twitter 448 new cases of Covid 19 reported today last_img read more

Public urged to pay Household Charge to avoid Council funding cuts

first_img Public urged to pay Household Charge to avoid Council funding cuts Previous articleCounty Council rejects gay marriage rights motionNext articleSearch of body of Tyrone teenager to resume in Monaghan today News Highland Pinterest WhatsApp Twitter Pinterest Need for issues with Mica redress scheme to be addressed raised in Seanad also LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Calls for maternity restrictions to be lifted at LUH Twitter By News Highland – September 18, 2012 Google+center_img Google+ Facebook WhatsApp Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey News RELATED ARTICLESMORE FROM AUTHOR Almost 10,000 appointments cancelled in Saolta Hospital Group this week Guidelines for reopening of hospitality sector published Facebook Fine Gael says the lack of discussion on the impact local government funding cuts may have on Donegal at this weeks meeting of the council means all Councillors recognise the importance of people paying the Household charge.It was anticipated that a debate would take place at the meeting on a report from the county manager on the impact a potential cut of 4 million euro would have on council services.After the county manager warned that cuts have already taken place, services most likely would be effected and budgets for the next five years could be reduced only Councillor Barry O’Neill spoke urging the public to pay the household charge.The official compliance rate in Donegal is 51% – if that doesn’t improve over 4 million euro will be lost from the budget.Councillor O’Neill drew this conclusion from the lack of input from other councillors:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/09/boneill.mp3[/podcast]Councillor Mick Quinn leads Sinn Fein on the council, he says his party never wanted this budget adopted in the first place:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/09/quinn.mp3[/podcast]last_img read more

Man arrested in Derry on suspicion of dissident activity

first_imgNews Twitter Google+ Dail hears questions over design, funding and operation of Mica redress scheme Google+ Previous articlePearse Doherty TD says bailout debt deal attemps are a ‘sideshow’Next articleExclusion zone around site of Derry fire News Highland Almost 10,000 appointments cancelled in Saolta Hospital Group this week Need for issues with Mica redress scheme to be addressed raised in Seanad also Facebook 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report By News Highland – January 22, 2013 A man has been arrested in Derry by detectives from the PSNI Serious Crime Branch as part of an ongoing investigation into dissident terrorist activity.The 50 year old was arrested in the city this afternoon, and has been taken to Antrim police station for questioning.A house in Circular Road in Derry was also searched as part of today’s operation.center_img Pinterest WhatsApp Minister McConalogue says he is working to improve fishing quota WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter RELATED ARTICLESMORE FROM AUTHOR Pinterest Man arrested in Derry on suspicion of dissident activity Facebooklast_img read more

Donegal councillor calls for review of housing policy

first_img RELATED ARTICLESMORE FROM AUTHOR Donegal councillor calls for review of housing policy Need for issues with Mica redress scheme to be addressed raised in Seanad also Facebook WhatsApp Google+ 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Minister McConalogue says he is working to improve fishing quota A Donegal County Councillor says  the Council needs to review it’s housing policy.Councillor Marie Therese Gallagher says that certain sections of society cannot get on the social housing list in Donegal.To get the social housing list for example, a single person must prove that they do not have suitable, alternative accommodation.Cllr Gallagher says the current housing policy is discriminatory……..[podcast]http://www.highlandradio.com/wp-content/uploads/2013/02/mtg1pm.mp3[/podcast] Twitter Pinterest Newscenter_img Google+ Dail to vote later on extending emergency Covid powers Previous article200 people will lose their jobs in Clonmel in Co TipperaryNext articleDissidents claim PSNI attacked Lumen Christi white line protest News Highland Pinterest WhatsApp By News Highland – February 22, 2013 Twitter 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 Facebooklast_img read more