Driven By Increasing Equity Trend, Total Value of Mortgage Market Hits $22 Trillion

first_img Governmental Measures Target Expanded Access to Affordable Housing 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 Best Markets For Residential Property Investors 2 days ago Previous: Third-Party Servicing Portfolios for Big Banks Continue Drastic Decline Next: FORCE Members Convene For Rally at Five Star Conference Data Provider Black Knight to Acquire Top of Mind 2 days ago Driven by a a trend of increasing household equity, the total value of the residential housing market nationwide rose to $22.7 trillion as of the end of Q2 2015, according to the Urban Institute’s Housing Finance at a Glance report for September 2015 released Friday.Household equity has increased each quarter for the last two years, including a 3.4 percent jump in Q2 up to $12.76 trillion, according to the report. Total debt and mortgages also ticked up slightly in Q2 to $9.90 trillion; combined with household equity, those two categories make up the $22.7 trillion mortgage market.The findings of the Urban Institute on homes regaining equity were in line with CoreLogic’s household Homeowner Equity report for Q2 2015 released in mid-September. Corelogic fond that more than three-quarters of a million residential properties regained equity in Q2, bringing the nationwide total of mortgaged residential properties with equity up to 45.9 million (91 percent). Meanwhile, the number of residential properties with negative equity declined to about 8.7 percent, or 4.4 million properties (a drop of about 1 million from a year earlier).CoreLogic found that nearly one-third of the country’s negative equity (31.7 percent) as of the end of Q2 was concentrated in five states (Nevada, Florida, Arizona, Rhode Island, and Illinois). The continued decline in homes with negative equity prompted CoreLogic president and CEO Anand Nallathambi to declare that “the negative equity epidemic is lifting” for much of the country.”The biggest reason for this improvement has been the relentless rise in home prices over the past three years which reflects increasing money flows into housing and a lack of housing stock in many markets,” Nallathambi said. “CoreLogic predicts home prices to rise an additional 4.7 percent over the next year, and if this happens, 800,000 homeowners could regain positive equity by July 2016.”According to the Urban Institute, agency mortgage-backed securities (those with a guarantee from a government agency such as Fannie Mae or Freddie Mac) comprised about $5.7 trillion of the residential mortgage market at the end of Q2. Unsecured first liens accounted for $2.9 trillion, while private label securities and second liens accounted for about $0.7 trillion each. Household Equity Housing Finance Mortgage-Backed Securities Urban Institute Value of Mortgage Market 2015-09-26 Brian Honea Demand Propels Home Prices Upward 2 days ago Tagged with: Household Equity Housing Finance Mortgage-Backed Securities Urban Institute Value of Mortgage Market Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago September 26, 2015 1,158 Views Related Articles Sign up for DS News Daily center_img  Print This Post 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 in Daily Dose, Featured, Government, News Driven By Increasing Equity Trend, Total Value of Mortgage Market Hits $22 Trillion Share Save Home / Daily Dose / Driven By Increasing Equity Trend, Total Value of Mortgage Market Hits $22 Trillion About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more

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Assessing the Full Impact of Principal Reduction

first_img The Best Markets For Residential Property Investors 2 days ago Share Save Subscribe Tagged with: avoiding foreclosure FHFA Principal Reduction The Best Markets For Residential Property Investors 2 days ago April 21, 2016 1,300 Views Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago About Author: Xhevrije Westcenter_img in Daily Dose, Featured, Loss Mitigation, News Assessing the Full Impact of Principal Reduction avoiding foreclosure FHFA Principal Reduction 2016-04-21 Brian Honea Previous: Is Securitization All It’s Cracked Up To Be? Next: Castro Calls Out Trump for ‘Prejudice’ The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Assessing the Full Impact of Principal Reduction Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Federal Housing Finance Agency’s (FHFA’s) recent announcement about the new Principal Reduction Modification program brought both praise and concern from the industry, just as the Agency expected.According to an announcement from the FHFA, Fannie Mae and Freddie Mac will soon be required to offer principal reduction to certain seriously delinquent, underwater borrowers that are grappling with the after effects of the crisis.FHFA Director Mel Watt stated, “This plan will no doubt be viewed by some as too small and too late and viewed by others as too large and unnecessary. However, the plan is consistent with FHFA’s statutory obligation to ‘maximize assistance for homeowners’ by providing some borrowers what could well be their final opportunity to avoid foreclosure. It is also consistent with our statutory obligation to provide this assistance in ways that we reasonably expect will not have adverse economic consequences for the Enterprises. By meeting both of these statutory obligations, the program satisfies my commitment to implement a principal reduction plan only if we could structure one that would be a ‘win-win’ for both borrowers and the Enterprises.”Elyse Cherry, CEO of Boston Community Capital, sat down with DS News to voice concerns and pitfalls within the FHFA’s Principal Reduction Modification program and how the Agency should address them.DS News: How effective will the FHFA’s principal reduction program be in reducing foreclosures? What can be done, in your opinion, to further efforts from the FHFA?Cherry: We have believed and have been talking for many years about the fact that we think the only way to get a number of homes that are currently underwater and have mortgages and default back into regular payment is through principal reduction. The reason is because income has been flat in many parts of the country for a very long time now. Now that income has been reconnected to mortgage size, unless it goes up in pretty dramatic ways, its hard to see that mortgages and therefore it’s hard to see that house prices can go up.The idea that we are going to get out of the underwater situation, as a result of substantial appreciation over time is magical thinking. It doesn’t have any relationship to either what we’ve seen over last four to five years or what anybody is projecting with respect to income appreciation and therefore larger mortgages and therefore the potential to buy homes at a higher price. A 2013 study from the U.S. Congressional Budget Office showed that principal reduction was a more cost effective way to deal with underwater homeowners or are in default or foreclosure on their mortgage loans, and in the end would cost taxpayer less. So there’s solid support for the FHFA doing that.The challenge is while we’re delighted that the FHFA is doing something, the idea that it’s limited to 33,000 loans is just really a drop in the bucket, Depending on what source you look at, there are somewhere between four and six million loans in this country that are still underwater. Some substantial number of those may be in foreclosure or at risk of foreclosure. Even though I understand that a lot of these loans may not be Fannie Mae of Freddie Mac loans, nonetheless, the GSEs are in a position in which they could take a real leadership position in the mortgage loan industry and be far more aggressive in terms of sorting out their own loans that are in default or foreclosure.Principal reduction is absolutely key to sorting out the rest of the foreclosure crisis. The country has moved on in terms of our focus and interest, but in fact, this crisis continues to play out, particularly in lower-income communities, and I would like to see the FHFA be far more aggressive in terms of their approach to principal reduction.DS News: What effect will this program have on others in the industry? How will it affect the GSEs bottom line?Cherry: The 2013 survey from the U.S. Congressional Budget Office concludes that principal reduction is a more cost-effective approach than foreclosure. The core problem here is of you have a home that’s worth $200,000 and a mortgage for $400,000, no one is going to pay $400,000 to pay up that mortgage. I don’t care who you sell it to, you can put up for auction  or sell it in the ordinary course, no one is going to pay anything but the current market price for the home.Those losses are baked in. The only way to get out from under it is to have so much appreciation in the home that it then comes back up to roughly the size of the mortgage. We are not seeing that in low-income communities due to incomes not rising. The other thing to think about is that low-income people as a rule pay a much higher percentage of their income for housing expenses. They don’t have a lot of room to go up. If we’re talking about someone in a wealthy suburb that has a mortgage at 20 percent of the overall value of the home and it’s a small percentage of their overall income, there is plenty of room for the home price to appreciate. But if people are already paying 40 percent and more of their income, there’s no room and they can’t afford to pay anymore. The question that I would ask is how anyone thinks that we’re actually going to obtain full value on home in which the mortgage is substantially higher than the market price. If someone really wants to say that the way we’re going to obtain full value is waiting for that home to appreciate, I would really like to see some numbers because everything I have seen so far suggests that we will not see that form of appreciation for many, many years, if ever. This is the problem that exists.DS News: The principal reduction program does have limitations for the size of the mortgage? Does this pose an added issue for the program?Cherry: The mortgage size limitations pose another issue. The challenger is that the mortgages that are on default or foreclosure often have nothing to do with the actual current market value of the home. So limiting people by the size of the mortgage seems to me would be the wrong approach. It would make much more sense if they need to put a limit in this to limit the value of the home. You might have someone that is completely eligible, but the fact that the mortgage is so much more would render them ineligible. Essentially, it will be very hard to apply this program to communities that have the biggest run up in price and then the biggest drop subsequent to the bubble. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Postlast_img read more

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CFPB Asks Appeals Court to Rehear PHH Case

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago  Print This Post About Author: Brian Honea Demand Propels Home Prices Upward 2 days ago The Consumer Financial Protection Bureau has filed an en banc petition with the U.S. Court of Appeals for the District of Columbia over the court’s ruling last month that the Bureau’s structure is “unconstitutional” in the PHH Corp. lawsuit.PHH Corp., a New Jersey-based mortgage lender, had challenged a $109 million penalty handed down by CFPB Director Richard Cordray, becoming the first organization to challenge an enforcement action handed down by the CFPB. On October 11, a three-judge panel made the ruling in the D.C. court. The court’s ruling gave the President power to remove the CFPB’s director at will.The en banc petition filed by the CFPB means that the Bureau is seeking to have the entire court rehear the case.“This decision conflicts with Humphrey’s Executor v. United States, 295 U.S. 602 (1935), which has long been understood to “bless Congress’s creation of the so-called ‘independent’ agencies where at least one individual is appointed by the President to a full-time, fixed-term position with the advice and consent of the Senate and has protection against summary removal by some form of ‘for cause’ restriction on the President’s authority,” the petition said.Click here to read the CFPB’s en banc petition. Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: CFPB PHH Corp. Share Save Sign up for DS News Daily Home / Featured / CFPB Asks Appeals Court to Rehear PHH Case Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: New Name Thrown Into Ring as Possible HUD Secretary Next: The Week Ahead: Prices for GSE Guaranteed Homes Rise Higher The Best Markets For Residential Property Investors 2 days agocenter_img CFPB PHH Corp. 2016-11-19 Brian Honea in Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago CFPB Asks Appeals Court to Rehear PHH Case Demand Propels Home Prices Upward 2 days ago November 19, 2016 1,249 Views Servicers Navigate the Post-Pandemic World 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Subscribelast_img read more

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HUD Reaches Settlement with Housing Providers

first_img  Print This Post About Author: Mike Albanese The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The U.S. Department of Housing and Urban Development reached an agreement with housing providers in San Diego, Sacramento, and Oceanside, California, over allegations they violated the Fair Housing Act, among other laws, dealing with elderly tenants with disabilities. According to the settlement, a complaint was filed on August 21, 2019, with HUD, alleging the complainants were injured as a result of possible violations of the Fair Housing Act, the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990. The Fair Housing Act prohibits housing providers from denying or limiting housing to people with disabilities. Also, Section 504 of the Rehabilitation Act of 1973 prohibits discrimination on the basis of disability in programs and activities receiving federal financial assistance, including “refusing to make reasonable accommodations.”“The smallest accommodations mean a lot to individuals with disabilities,” said Anna María Farías, HUD’s Assistant Secretary for Fair Housing and Equal Opportunity. “We welcome today’s settlement and hope that it reminds housing providers everywhere of the importance of meeting their obligation to comply with the nation’s fair housing laws.”The victims—a married couple with disabilities living in HUD-subsidized housing—allege the owner and property manager refused to install safety equipment in the bathroom and “retaliated against them” for making the request. The couple claimed they were then issued a notice accusing them of having created a noise disturbance. The housing providers denied discriminating against the couple but agreed to settle their complaint, HUD says. Mission Cove Seniors Housing Associates will pay $23,228 to the Legal Aid Society of San Diego, Inc. ($3,576 to cover the cost of legal services it provided and $19,652 for the complainants) and will rescind the noise complaint that was issued against the couple. ConAm Management also agreed to notify all residents at the property that it would install safety equipment in their bathroom at no cost. Additionally, management staff will receive fair housing training. Earlier this year, HUD announced that is was charging Facebook with violating the Fair Housing Act by allowing landlords and home sellers to use its advertising platform to engage in housing discrimination. HUD claims Facebook enables advertisers to control which users receive housing-related ads based upon the recipient’s race, color, religion, sex, familial status, national origin, disability, and/or ZIP code. HUD alleges that Facebook then invites advertisers to express unlawful preferences by offering discriminatory options, allowing them to effectively limit housing options for these protected classes under the guise of “targeted advertising. Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Fair Housing Act HUD The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News 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. Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agocenter_img Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Share Save November 15, 2019 1,325 Views Home / Daily Dose / HUD Reaches Settlement with Housing Providers Previous: From Key Executive Changes to New Tech Next: Where Mortgage Delinquency Rates Are Improving Most Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles HUD Reaches Settlement with Housing Providers Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Fair Housing Act HUD 2019-11-15 Mike Albaneselast_img read more

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Homeowners Feeling Extra Financial Stress

first_img Share Save About Author: Seth Welborn  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago June 12, 2020 1,297 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. Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Homeowners Feeling Extra Financial Stress Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agocenter_img Financial Stress 2020-06-12 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Financial Stress Many homeowners are still feeling some concern about their ability to pay their mortgage, according to a survey by Clever. According to the survey, 2020 home buyers are more than twice as likely to report feelings of anxiety and stress than home buyers who bought in the last five years, and they’re less likely to report feelings of comfort, security, happiness, and pride.Roughly 75% of 2020 home buyers reported feeling concerned about paying their mortgage due to COVID-19-related financial hardships. These recent home buyers have had very different experiences than those who purchased their homes before the pandemic. Most notably, they experienced more negative affect related to homeownership, higher levels of buyer’s remorse, and more concerns about finances than those who bought between 2015 and 2019.Over half of the homeowners surveyed said that at least one person who typically contributes to housing costs had lost their job since purchasing their home, leaving many with a new mortgage and far less money coming in. Pre-pandemic buyers who purchased before the WHO declared COVID-19 a pandemic were slightly more likely to be affected by those widespread job losses with nearly 60% of homeowners losing one income compared to 50% of those who purchased since MarchAdditionally, 63% of home buyers who bought in the beginning of 2020 reported being concerned about their home going underwater compared to 53% of people who bought during the pandemic. Homeowners overall are feeling more anxious about homeownership than before. More specifically, 2020 home buyers are more than 2x as likely to report feelings of anxiety, 1.6x as likely to report stress, and nearly half as likely to say homeownership makes them feel comfortable and secure than those who bought in the last 5 years.However, in spite of COVID-19 fears, it’s still a seller’s market. 42% of homeowners who bought during the pandemic reported entering a bidding war. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Homeowners Feeling Extra Financial Stress in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Maxine Waters: OCC Rushed Out ‘Harmful Rule’ For CRA Next: Managing the Post-COVID Surge in Default Servicing The Best Markets For Residential Property Investors 2 days agolast_img read more

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Fitch: Remote Work Will Not Affect RMBS Rating

first_img Data Provider Black Knight to Acquire Top of Mind 1 day ago The Best Markets For Residential Property Investors 2 days ago  Print This Post About Author: Christina Hughes Babb October 8, 2020 1,011 Views in Daily Dose, Featured, Market Studies, News Home / Daily Dose / Fitch: Remote Work Will Not Affect RMBS Rating Data Provider Black Knight to Acquire Top of Mind 1 day ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 1 day ago Credit-rating agency Fitch recognized that remote working patterns across America are influencing homebuying trends, but the company concluded this will not affect residential mortgage-backed securities (RMBS) ratings.”Remote working in the U.S. accelerated as a result of the coronavirus pandemic, and is reducing the importance of proximity to offices and causing migration from urban to suburban and exurban areas. As more people seek larger spaces for home offices and families, home prices in high-density areas are softening, and those in lower density areas are increasing,” said Fitch. “We do not expect this shift in housing demand to have material effect on the credit quality of Fitch-rated US RMBS pools, because they are typically geographically diversified, and ratings reflect stress scenarios that apply severe home-price declines to all properties in the portfolios.”Furthermore, Fitch predicted the work-from-home trend will become permanent, as it “has proved to be viable and efficient for a large percentage of jobs in developed economies.”However, Fitch added, even for those working from home, proximity to their employers home base will remain important.”We expect a large number of people working from home will do so on a part-time basis over the long term … As a result, housing prices in areas that are still within commuting distance to urban commercial districts have seen the greatest increase and are expected to remain elevated relative to pre-pandemic levels,” Fitch reported.Home purchase activity data supports this, Fitch said.”Over the last decade, the urban-core of the US has accounted for over 75% of all home purchase activity, but this has declined since the onset of the pandemic, which we expect to settle into a longer term trend.”Fitch additionally looked at REALTOR.com data overlaid with U.S. Census density data.”Looking at the 10 most populated core-based statistical area (CBSA), the least dense areas show a dramatic uptick in listing views by prospective buyers,” Fitch said. “The least dense areas show the highest median price increases based on property size. Homebuilding has accordingly increased in the last six months to meet this new demand.” Fitch said that while it has observed “early indications of home price changes based on density,” it predicts home price changes in most areas “to be curbed in the long run by the effects of the global recession and potential related credit tightening. This will weigh on the households’ ability to transform changed housing preferences into actual home purchases, in spite of the positive influence of low interest rates on affordability.”Fitch-rated RMBS pools in the U.S. predominately are made up of suburban properties. Thus, performance should be bolstered by strong demand for these areas.Less than 5% of the Fitch-rated RMBS portfolio contains “any notable geographic concentrations.” Furthermore, Fitch reported, “only two metropolitan statistical areas account for more than 4% of the rated mortgage portfolio.”For its analysis, Fitch assumed “a scenario where pools are 100% concentrated in areas that are expected to see home price declines.”They continue, “The stresses we apply to all properties range from a minimum decline of 10% to an average housing stress of 40% for the ‘AAA’ rating stress. These compare with the 27% price decline observed during the 2008 financial crisis. If there is outsized exposure to any one geographical area, Fitch applies geographic and loan-concentration penalties at a mortgage pool level.”For a full report and methodology, see Fitch Ratings’ research. Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. 2020-10-08 Christina Hughes Babb Demand Propels Home Prices Upward 1 day ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: States at Highest Risk of Economic Strain From COVID-19 Next: Chase Devotes $30B to Underserved Communities’ Financial Wellbeing Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Fitch: Remote Work Will Not Affect RMBS Rating Share Save Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

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Journalist killed in Dublin to be buried in Fahan

first_imgNewsx Adverts WhatsApp Facebook Twitter Twitter The removal will take place this evening of journalist Eugene Moloney, who died after being assaulted in Dublin City Centre.The 55 year old was attacked on Camden Street as he made his way home after a night out in the early hours of Sunday, June 24th.21 year old Gary Burch of Kennington Close, Templeogue has been charged with manslaughter.Mr. Moloney’s remains will arrive at the Church of Our Lady Queen of Peace on Merrion Road in Dublin, this evening at 5.30pm.His funeral mass will take place tomorrow morning, and his body will be brought to his native Donegal for burial in Fahan on Wednesday. RELATED ARTICLESMORE FROM AUTHOR Google+ Journalist killed in Dublin to be buried in Fahan Pinterest PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Google+center_img WhatsApp Dail to vote later on extending emergency Covid powers Previous articleDaffodil Centre to be developed at Letterkenny General HospitalNext articleFile to be sent to DPP following civil servant arrest in February News Highland Pinterest By News Highland – July 2, 2012 Man arrested in Derry on suspicion of drugs and criminal property offences released Dail hears questions over design, funding and operation of Mica redress scheme HSE warns of ‘widespread cancellations’ of appointments next week Facebook Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more

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Derry Councillor says cutbacks may affect deployment of crucial fire appliance

first_imgHomepage BannerNews RELATED ARTICLESMORE FROM AUTHOR Previous articleIBAL Litter Survey ranks Letterkenny 36th out of 40 towns surveyedNext articleMan of the match Thompson happy with debut admin Derry Councillor says cutbacks may affect deployment of crucial fire appliance Facebook PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Further drop in people receiving PUP in Donegal A Derry councillor is calling for more resources for the Fire Service after a weekend fire at a wood chip storage facility in Culmore.The store is owned by John Gilliland, who has business interests in wood energy and recycling.Cllr Angela Dobbins has commended the Fire & Rescue Service for their swift and effective response to the blaze on Saturday morning.The resources deployed to the fire included a ‘Vema’ appliance which has an aerial ladder used to combat large area fires, but Cllr Dobbins says due to financial cut backs, there may not be sufficient personnel on duty to ensure the VEMA can be used………..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/01/angelamon.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. 365 additional cases of Covid-19 in Republic Google+ Google+ Twittercenter_img WhatsApp Pinterest By admin – January 4, 2016 Main Evening News, Sport and Obituaries Tuesday May 25th Pinterest Twitter Facebook Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp 75 positive cases of Covid confirmed in Northlast_img read more

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Another elderly couples home targeted in robbery in Kilross

first_img Twitter WhatsApp Further drop in people receiving PUP in Donegal Twitter WhatsApp News Pinterest 75 positive cases of Covid confirmed in North Previous articleAmerican tourist rescued from Slieve LeagueNext articleGweedore Community Creche saved from closure News Highland 365 additional cases of Covid-19 in Republic Facebook Another elderly couples home targeted in robbery in Kilrosscenter_img Pinterest Main Evening News, Sport and Obituaries Tuesday May 25th Gardai continue to investigate Kilmacrennan fire Facebook Man arrested on suspicion of drugs and criminal property offences in Derry By News Highland – July 12, 2013 The home of an elderly couple in Kilross just outside Ballybofey has become the latest target of a robbery in the county.An elderly couples home on the busy Kilross junction was targeted in the early hours of yesterday morning.A number of men entered their home at around 130am and demanded money. They made off with a small amount.Gardai are appealing to anyone who may have saw anything suspicious in the area to contact them immediatley.Local Cllr Martin Harley, said tougher sentences are the only way to deal with the people involved in these robberies:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/07/harraw.mp3[/podcast] Google+ RELATED ARTICLESMORE FROM AUTHOR Google+last_img read more

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Failte Ireland boss says latest tourism survey findings are very encouraging

first_img Main Evening News, Sport and Obituaries Tuesday May 25th Twitter WhatsApp Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/04/quinn1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. RELATED ARTICLESMORE FROM AUTHOR 75 positive cases of Covid confirmed in North 365 additional cases of Covid-19 in Republic Pinterest A new tourism survey finds that 44% of visitors to Ireland reported that their trip exceeded their expectations, while 55% had their expectations met.The list of reasons for exceeding expectations was topped by the friendliness of the people, followed by irish people, Scenery, hiostory and culture, and the weather being better than anticipated.Value for money was also found to be important, with over half those surveyed saying it was good or better.Sean Quinn is Chief Executive of Failte Ireland – He says these are significant findings…………. Previous articleCouncil calls for moratorium on windfarm developments pending new guidelinesNext articleNo jobbridge participants gain full time employment with Donegal County Council admin Failte Ireland boss says latest tourism survey findings are very encouraging Google+ Twitter Facebook Facebook Pinterest Homepage BannerNews Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp Further drop in people receiving PUP in Donegal By admin – April 13, 2015 Google+ Gardai continue to investigate Kilmacrennan firelast_img read more

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