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Three States Account for Nearly One-Third of the Country’s Negative Equity

first_img Previous: Economic Improvement Predicted for the Rest of 2015 Despite Market Volatility Next: Fed Keeps Federal Funds Target Rate At Zero to 1/4 Percent Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago 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 Tagged with: CoreLogic Negative Equity Underater Mortgages Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brian Honea Three states accounted for nearly one-third of the nation’s negative equity in single-family residential mortgages, according to data released this week by CoreLogic.CoreLogic’s Equity Report for the Second Quarter of 2015 found that Nevada, Florida, and Arizona combined accounted for about 31.7 percent of the nation’s negative equity. This means that out of the 4.4 million mortgaged properties nationwide with negative equity as of the end of Q2, about 1.39 million of them were located in those three states.Nevada had the highest share of residential properties in negative equity (commonly referred to as “underwater” or “upside down”) in Q2 with 20.6 percent, followed by Florida, Arizona, Rhode Island, and Illinois, according to CoreLogic. The state with the highest percentage of homes with equity as of the end of Q2 was Colorado at 96.7 percent, followed by Montana, Hawaii, Alaska, and Texas.Only 14 states had a higher negative equity share than the national average in Q2, which was 8.7 percent, according to CoreLogic. The nationwide equity share for Q2 was 91.3 percent.Out of the top five metros (taken from the largest 25 metros in the nation) with the highest share of homes with equity, two of them were located in Texas. The metro area with the highest share of homes with equity was Houston, with 98.1 percent, followed by Portland, Anaheim, Dallas, and Denver. The metro area with the highest share of residential homes with negative equity was Tampa, with 20.2 percent, followed by Phoenix, Chicago, Riverside, and Warren (Michigan), according to CoreLogic.The 4.4 million properties with negative equity represented about 10.9 percent of all residential mortgages nationwide (50.2 million), according to CoreLogic. It was a decline of about 1 million properties from the same quarter in 2014. September 17, 2015 885 Views  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 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 The Best Markets For Residential Property Investors 2 days ago CoreLogic Negative Equity Underater Mortgages 2015-09-17 Brian Honea Share Save Home / Daily Dose / Three States Account for Nearly One-Third of the Country’s Negative Equity Related Articles Three States Account for Nearly One-Third of the Country’s Negative Equity Subscribelast_img read more

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CFPB: Compliance Management Deficiencies Linger

first_img Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles in Daily Dose, Featured, Government, News Previous: DS News Webcast: Tuesday 7/5/2016 Next: Watchdog Calls on Treasury to Fix Blight Elimination Program The Best Markets For Residential Property Investors 2 days ago Tagged with: CFPB Compliance Management Mortgage Industry Demand Propels Home Prices Upward 2 days ago Share Save The Consumer Financial Protection Bureau (CFPB) recently released its report on supervisory actions in the first four months of the year and found that while mortgage lenders generally are in compliance with federal consumer financial laws, many entities continue to have deficiencies in their compliance management systems.Violations were relatively small, but significant enough for the CFPB to require corrective action. According to the report, some institutions incorrectly calculated the amount financed on loans with discount credits, and subsequently incorrectly calculated the finance charge on the same loans. Others violated RESPA Section 8 rules prohibiting referrals in exchange for money or business.The CFPB also found some instances in which lenders did not inform clients proper notice of credit denials on applications, and occasional failure to properly disclose interest on interest-only loans.The bureau also found that at some institutions, a weak compliance management system allowed violations of Regulations V, X, and Z to occur.“The Bureau’s supervisors continue to perform more and better oversight of these financial markets, and their report gives the industry an opportunity to reflect on their practices before consumers are made to suffer harm.”Richard Cordray, CFPB Director“For example, one or more supervised institutions had weak oversight of automated systems, including inadequate testing of codes that calculate the finance charge and the amount financed when originating residential loans to consumers,” the report stated. “In addition, one or more supervised entities failed to monitor for changes that would require updated disclosures to comply with applicable Federal consumer financial laws.”The report also noted that its examiners uncovered illegal activities in auto finance and payments that led to approximately $24.5 million in restitution to more than 257,000 consumers.“This report highlights our ongoing work to address violations of the law and slipshod practices that endanger consumers,” said CFPB Director Richard Cordray. “The Bureau’s supervisors continue to perform more and better oversight of these financial markets, and their report gives the industry an opportunity to reflect on their practices before consumers are made to suffer harm.” Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img July 5, 2016 1,481 Views About Author: Scott Morgan Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / CFPB: Compliance Management Deficiencies Linger CFPB Compliance Management Mortgage Industry 2016-07-05 Brian Honea The Best Markets For Residential Property Investors 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago CFPB: Compliance Management Deficiencies Lingerlast_img read more

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Unraveling the Equifax Data Breach

first_img October 3, 2017 1,559 Views Share Save Tagged with: data breach Equifax HOUSING mortgage Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tuesday morning, Former Equifax CEO Richard E. Smith testified before the U.S. House Committee on Energy and Commerce. Smith served as the Chairman and CEO of Equifax for the last 12 years. He stepped down on September 25, in the wake of the data breach.During the hearing, Smith opened with remarks from his prepared testimony, where he took full responsibility as former CEO of what happened on his watch.“Equifax was entrusted with Americans’ private data and we let them down,” Smith said. “To each and every person affected by this breach, I am deeply sorry that this occurred.”Smith continued, “The people affected by this are not numbers in a database. They are my friends, my family, members of my church, the members of my community, my neighbors.”Despite his apologetic nature, the committee before him wasn’t merciful. During the hearing, Janice Schakowsky (D-Ill.) said that Equifax deserved to be shamed. In addition, Rep. Greg Walden (R-Ore.) said, “we’re here today to do what Equifax hasn’t done the last few months, and that’s put their customers first.”Smith’s testimony notes that the breach occurred because of both “human error and technology failures.” In response, Walden said, “I don’t think we can pass a law that, excuse me for saying this, fixes stupid.”Rep. Joe Barton (R-Texas) was also skeptical of Smith, as he said that a law should be set that would fine Equifax for every consumer who’s been affected by the breach.”You’re really just required to notify everybody and say, so sorry, so sad,” Barton said to Smith. “It seems to me you might pay a little more attention to security if Equifax were required to pay every consumer who was affected several thousand dollars.””We could have this hearing every year, from now on, if we don’t do something to change the current system,” Barton said.Congress also questioned Smith on why three Equifax executives sold company stock shortly after the data breach, why it took so long for the company to inform the public, and what the company plans to do to better the future.To view the all the takeaways from Tuesday’s hearing, click here. The Best Markets For Residential Property Investors 2 days ago Related Articles in Daily Dose, Featured, Headlines About Author: Nicole Casperson The Week Ahead: Nearing the Forbearance Exit 2 days ago Unraveling the Equifax Data Breach Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Previous: Charting the Path Forward Next: Freddie Mac: What’s Influencing Housing Affordability Now? data breach Equifax HOUSING mortgage 2017-10-03 Nicole Casperson The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Unraveling the Equifax Data Breach Sign up for DS News Daily Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

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Mortgage Delinquencies Up, Still Below 15-Year Averages

first_imgSign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Two different reports show small increases in loan delinquencies in the back half of 2017, but the percentages remain comparatively low and bode well for the state of the economy in 2018.The American Bankers Association Consumer Credit Delinquency Bulletin tracks delinquencies in eight closed-end installment loan categories and three open-end loan categories. The composite ratio rose 12 basis points to 1.68 percent of all accounts in Q3 2017, but remains well below the 15-year average of 2.15 percent. The ABA considers any late payment that is 30 days or more overdue to be a delinquency.The ABA tracks delinquencies on eight types of closed-end loans: home equity loans, marine loans, mobile home loans, indirect auto loans, direct auto loans, personal loans, property improvement loans, and RV loans. The ABA also tracks three types of open-end loans: bank cards, non-card revolving loans, and home equity lines of credit.“Delinquencies remained remarkably low for this late in the economic cycle,” said James Chessen, ABA’s Chief Economist. “The very modest increase in closed-end loan delinquencies reflects a slow movement back toward more normal levels. Jobs remain plentiful and incomes continue to rise, which has helped boost consumer confidence. The bottom line is that consumers are feeling comfortable with their finances and have a proven record of successfully meeting their financial obligations over the last several years.”Home equity loan delinquencies were down 8 basis points (bps) to 2.42 percent of all accounts. For comparison’s sake, the 15-year average is 2.93 percent.HELOC delinquencies increased by 1 bps to 1.08 percent of all accounts, still below the 15-year average of 1.18 percent.  Property improvement loan delinquencies increased by 13 bps to 1.08 percent of all accounts, but this increase is still also below the 15-year average of 1.32 percent.“Home-related delinquencies continue to show overall improvement as the housing market gains strength,” said Chessen. “With higher property values and greater home equity, people are well-positioned and motivated to ensure their loan payments remain current.”S&P Dow Jones Indices and Experian also released S&P/Experian Consumer Credit Default Indices data covering up through December 2017. According to the release, “The indices represent a comprehensive measure of changes in consumer credit defaults.” The indices track data in three different categories: auto loans, bank cards, and first mortgage defaults. The indices show that first mortgage default rates increased by two bps in December, settling in at 0.68 percent. It was at 0.71 percent in December 2016.”The data are also showing some changes among the five cities tracked in this release,” said said David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “Chicago has now experienced the highest consumer credit default rate for three months running. For a long time, Miami’s default rate was the highest across the five cities. The first mortgage default data dominate the city-level default indices. During the financial crisis, Miami experienced large declines in home prices which led to an increase in the mortgage defaults. As Miami home prices have recovered, its overall consumer credit default rate is no longer an outlier.” January 16, 2018 3,181 Views Related Articles The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Home / Daily Dose / Mortgage Delinquencies Up, Still Below 15-Year Averages American Bankers Association Consumer Credit Default Indices Consumer Credit Delinquency Bulletin Delinquencies Delinquency Rates Experian HELOC S&P Dow Jones Indices 2018-01-16 David Wharton Tagged with: American Bankers Association Consumer Credit Default Indices Consumer Credit Delinquency Bulletin Delinquencies Delinquency Rates Experian HELOC S&P Dow Jones Indices Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Mortgage Delinquencies Up, Still Below 15-Year Averages The Best Markets For Residential Property Investors 2 days ago About Author: David Wharton Previous: Supreme Court Case Could Shift Future of CFPB Next: Ranking Home Renovation Resale Values in Daily Dose, Featured, Journal, Market Studies, Newslast_img read more

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The Week Ahead: Spotlight on the GSEs

first_img Fannie Mae Federal Housing Finance Agency FHFA Freddie Mac The U.S Senate Committee 2018-12-02 Donna Joseph Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Spotlight on the GSEs Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Home / Daily Dose / The Week Ahead: Spotlight on the GSEs Census Bureau Construction Spending Report, Monday, 10 a.m. ESTCoreLogic Home Price Insight Report, Tuesday, 9 a.m. ESTMBA Mortgage Applications, Wednesday, 7 a.m. ESTFed Beige Book, Wednesday, 2 p.m. ESTEllie Mae Millennial Tracker, Wednesday, 9 a.m. ESTFreddie Mac Primary Mortgage Market Survey, Thursday, 9 a.m. ESTCensus Bureau Employment Situation Report, Friday, 8:30 a.m. EST Share Save Tagged with: Fannie Mae Federal Housing Finance Agency FHFA Freddie Mac The U.S Senate Committee in Daily Dose, Featured, News, Servicing Subscribe Previous: Keeping Up With the Joneses Next: Genworth Launches Proprietary Pricing Solution December 2, 2018 1,105 Views The U.S Senate Committee on banking, housing, and urban affairs is scheduled to conduct a hearing titled, “Oversight of Pilot Programs at Fannie Mae and Freddie Mac,” in its open session. Sandra Thompson, Deputy Director, Division of Housing Mission and Goals, Federal Housing Finance Agency; Hugh R. Frater, Interim Chief Executive Officer, Fannie Mae; and Donald H. Layton, Chief Executive Officer, Freddie Mac, will be witnesses to the session. The hearings, scheduled on Wednesday, December 5, 2018, will be webcast live. Recently, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac would be discontinuing their single-family rental (SFR) pilot programs. While making this announcement, FHFA Director Melvin Watt had said that what was learned as a result of the pilots was that “the larger single-family rental investor market continues to perform successfully without the liquidity provided by the Enterprises.”Here’s what else is coming in The Week Ahead: The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles  Print This Post About Author: Donna Joseph 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 The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

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Industry Reacts to Volcker Rule Revision

first_imgSign up for DS News Daily Industry Reacts to Volcker Rule Revision 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. About Author: Seth Welborn Tagged with: Banking Volcker Rule Banking Volcker Rule 2019-10-09 Seth Welborn October 9, 2019 1,267 Views Home / Daily Dose / Industry Reacts to Volcker Rule Revision in Daily Dose, Featured, Government, News  Print This Post The Federal financial regulatory agencies recently announced that they finalized revisions to simplify compliance requirements relating to the “Volcker rule.”Under the revised rule, firms that do not have significant trading activities will have simplified and streamlined compliance requirements, while firms with significant trading activity will have more stringent compliance requirements. Community banks generally are exempt from the Volcker rule by statute. The revisions continue to prohibit proprietary trading, while providing greater clarity and certainty for activities allowed under the law. With the changes, the agencies expect that the universe of trades that are considered prohibited proprietary trading will remain generally the same as under the agencies’ 2013 rule.“The Federal Reserve, FDIC, OCC, SEC and CFTC have all appropriately simplified the Volcker Rule to reduce compliance burdens and provide certainty for markets,” said Mike Crapo, Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs in a statement. “I continue to encourage the agencies to consider further revisions to the ‘covered funds’ definition’s overly-broad application to venture capital, other long-term investments and loan creation, which are necessary to improve market liquidity and preserve access to diverse sources of capital for businesses.”Earlier this year, some banks complained that the Volcker Rule’s provision which forced banks to prove that their short-term trades, were allowable under the law was burdensome and restricted legitimate trading, and is now scrapped.The changes have been supported by the banking industry, MarketWatch reports, but the rule’s namesake, former Fed Chairman Paul Volcker, opposed the changes.“The new rule amplifies risk in the financial system, increases moral hazard and erodes protections against conflicts of interest that were so glaringly on display during the last crisis,” Volcker wrote in a letter to Fed Chairman Jerome Powell in August.The rules will be effective on January 1, 2020, with a compliance date of January 1, 2021. Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Previous: More than $400M Refunded to Veterans Next: Reinventing Policy for Affordable Housing Related Articles Subscribelast_img read more

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Mortgage Contracting Services Announces New Ownership

first_img About Author: Christina Hughes Babb  Print This Post 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. 2020-10-05 Christina Hughes Babb Servicers Navigate the Post-Pandemic World 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Lewisville, Texas-based Mortgage Contracting Services (MCS), which provides specialized services to financial institutions, announced Monday that it has completed a recapitalization of the company.The company’s representatives say that, under new leadership, it will “recapitalize its balance sheet through substantial reduction in debt, obtain new long-term financing to facilitate growth, and execute strategy as high-quality service provider to financial, real estate sectors.”The company’s new ownership is made up of an investor group led by Littlejohn & Co., LLC, Lynstone SSF Holdings Sàrl, funds advised by Neuberger Berman Alternatives Advisers, and Crescent Capital Group.“We remain 100% focused on delivering the best customer experience while providing the market with a comprehensive service offering,” said MCS CEO Caroline Reaves. “MCS is a strong business because of our employees, our customer relationships, our sound business model, and strong leadership team. We are excited to partner with our new owners to further strengthen our operations and remain the industry’s provider of choice.”Weil, Gotshal & Manges LLP served as legal counsel, and Houlihan Lokey and Portage Point Partners served as financial advisors to the company in connection with the transaction. Wachtell, Lipton, Rosen & Katz served as legal counsel and MAEVA Group served as financial advisors to an ad hoc group of its existing lenders.”MCS provides critical specialized services to mortgage servicers and other financial institutions,” according to a company press release. “The company provides field services such as inspections and property preservation for mortgages in default and real estate owned (REO). MCS utilizes an asset-light model, delivering its services through a network of independent vendors by leveraging its proprietary technology platform to efficiently automate workflow and ensure regulatory compliant solutions.” The Best Markets For Residential Property Investors 2 days ago Mortgage Contracting Services Announces New Ownership Home / Daily Dose / Mortgage Contracting Services Announces New Ownership Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago October 5, 2020 10,533 Views 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 Previous: Economic Analysis Points to Recovery Next: How Real Estate Professionals’ Lives Are Changing Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

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Calls for scrap metal dealers to be regulated and licenced

first_imgNews By News Highland – November 20, 2012 A public meeting of the County Donegal Joint Policing Committee has heard calls for the introduction of new laws to regulate and licence scrap metal dealers.It follows a significant increase in thefts of copper, lead and other metals across the county, with empty houses now the latest target.In some instances, this has led to serious damage.The meeting was told that metals can be sold on for cash, and that needs to be addressed.The chair of the Donegal JPC is Cllr Patrick Mc Gowan………..[podcast]http://www.highlandradio.com/wp-content/uploads/2012/11/pmgow10.mp3[/podcast] WhatsApp Pinterest WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitter Calls for scrap metal dealers to be regulated and licenced Google+ Guidelines for reopening of hospitality sector published Facebookcenter_img RELATED ARTICLESMORE FROM AUTHOR Pinterest Calls for maternity restrictions to be lifted at LUH Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Previous articleLetterkenny Councillors have no confidence in HoganNext articleAlcorn’s ratification deferred as new Udaras board is announced News Highland Twitter Facebook Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

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Finance Minister opens budget speech by criticising FF government

first_img Previous articlePublic meeting regarding the retention of Lifford Hospital taking place on FridayNext articlePart two of Budget 2012 – as it happens News Highland 75 positive cases of Covid confirmed in North By News Highland – December 6, 2011 WhatsApp Main Evening News, Sport and Obituaries Tuesday May 25th Finance Minister opens budget speech by criticising FF government Twitter Google+ Google+ RELATED ARTICLESMORE FROM AUTHOR Man arrested on suspicion of drugs and criminal property offences in Derry Pinterestcenter_img 365 additional cases of Covid-19 in Republic Facebook WhatsApp Facebook Pinterest Twitter Finance Minister Michael Noonan is currently delivering part two of Budget 2012 to the Dail.Among the measures expected to be announced are a 2 per cent rise in VAT and hikes in road tax and carbon tax.The Minister is also expected to announce changes to the universal social charge for low earners and help for people who bought property during the boom years.In the last few minutes Mr Noonan opened his budget speech by criticising the years of Fianna Fail Governments….[podcast]http://www.highlandradio.com/wp-content/uploads/2011/12/noon4pm.mp3[podcast] Further drop in people receiving PUP in Donegal News Gardai continue to investigate Kilmacrennan firelast_img read more

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Fewer people calling the fire service – 2013 costs revealed

first_imgNews Fewer people calling the fire service – 2013 costs revealed By News Highland – December 17, 2012 Further drop in people receiving PUP in Donegal Pinterest Facebook Twitter There has been a significant reduction in the number of fire service call-outs in Donegal. In the year to November 19th there were 875 call-outs compared to 1148 the previous year.According to Donegal County Council’s Draft Budget for 2013, there were 83 less domestic fires and 171 fewer gorse fires.The council says that all incidents were dealt with using normal fire service resources with the exception of a gorse fire in Glengesh in May which required the assistance of the Air Corp Helicopter.Meanwhile the council says it continues to seek Departmental approval for new fire stations in Bundoran, Ballyshannon and Glencolumcille.As it relates to call-out charges, the council says it continues to try and strike the balance between recouping costs but not to the extent that it acts as a deterrent to people calling the fire service in the event of a fire.With that in mind, a call-out to a chimney fire will cost a minimum of 250 euro while other domestic fires will cost at least 500 euro. Those that have only Social Welfare as an income will not have pay.The council estimates these charges, along with other call-outs and inspections, will raise revenue in 2013 of 812  thousand euro. Twitter WhatsApp Google+ Google+center_img Pinterest 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan fire RELATED ARTICLESMORE FROM AUTHOR Man arrested on suspicion of drugs and criminal property offences in Derry 365 additional cases of Covid-19 in Republic Previous articleO’Domhnaill to raise more NAMA concerns in SeanadNext articleSenator Jimmy Harte to back Social Welfare Bill in the Seanad News Highland Facebook WhatsApp Main Evening News, Sport and Obituaries Tuesday May 25th last_img read more