Serious Delinquencies Elevated Compared to Pre-Crisis

first_img About Author: Brian Honea Previous: Fed Rate Hike May Come More Sooner than Later Next: DS News Webcast: Friday 5/27/2016 The decline in the number of foreclosures and seriously delinquent mortgages over the last six years has been well-documented. That decline has been steady and sustained and is considered by housing market analysts and economists to be the symbol of a healing housing market, the level of serious delinquencies remains elevated compared to their early 2000s level, according to data released on Thursday by the Urban Institute.The Urban Institute’s May 2016 Chartbook reported that the share of residential mortgage loans either 90-plus days overdue or in active foreclosure was 3.4 percent as of the end of the fourth quarter in 2015. Although down from 4.5 percent from the same quarter a year earlier, it was up from the 2 percent level which it hovered in the six years prior to the crisis. It peaked at close to 10 percent in the second half of 2009.Urban Institute’s data was consistent with the numbers reported by CoreLogic in the latest national foreclosure report, which covered through the end of March 2016. CoreLogic reported 36,000 completed foreclosures during March, which is down by 23 percent over-the-year but still way above the pre-crisis monthly average of 21,000 from 200o to 2006.”Longer term, as loans made since 2009 account for a larger share of outstanding debt, we anticipate that the serious delinquency rate will have further substantive declines,” said Anand Nallathambi, president and CEO of CoreLogic.According to Urban Institute, the percentage of residential loans in foreclosure was 1.8 percent as of the end of the fourth quarter, compared with a rate that hovered between about 1 percent and 1.3 percent from the six year-period from 2000 to 2006. The percentage of loans 90 days delinquent was 1.7 percent as of the end of Q4, according to Urban Institute, after staying at or near 1 percent in the six years pre-crisis.Click here to view the complete May 2016 Chartbook from Urban Institute. Subscribe Foreclosures Pre-Crisis Serious Delinquencies 2016-05-26 Brian Honea The Best Markets For Residential Property Investors 2 days ago May 26, 2016 1,355 Views Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Serious Delinquencies Elevated Compared to Pre-Crisis Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Foreclosures Pre-Crisis Serious Delinquenciescenter_img 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.  Print This Post Share Save The Week Ahead: Nearing the Forbearance Exit 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 The Best Markets For Residential Property Investors 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 / Serious Delinquencies Elevated Compared to Pre-Crisis Sign up for DS News Daily in Daily Dose, Featured, Foreclosure, Newslast_img read more

President Trump Comments on Fed’s Interest Rate Stance

first_img The Best Markets For Residential Property Investors 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, News President Trump Comments on Fed’s Interest Rate Stance Related Articles Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Bifurcated Appraisals: Insights Into an Evolving Industry Next: Affordability Increases on the West Coast Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Fed Interest rates President Trump Demand Propels Home Prices Upward 2 days agocenter_img June 24, 2019 1,264 Views About Author: Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / President Trump Comments on Fed’s Interest Rate Stance Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Fed Interest rates President Trump 2019-06-24 Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. A report by Bloomberg states that President Donald Trump has accused the Federal Reserve of behaving like a “stubborn child” as it decided to not lower interest rates. “Now they stick, like a stubborn child, when we need rates cuts, and easing, to make up for what other countries are doing against us. Blew it!,” the president said in a tweet on Monday.Bloomberg states that Trump has previously criticized Fed Chairman Jerome Powell for raising interest rates over the past year, and in Trump’s viewpoint, too far and too fast. The report continues, by saying Trump criticized European Central Bank President Mario Draghi on June 18, after Draghi noted more monetary stimulus may be on the way.  There is an expectation, according to Bloomberg, that the Fed is set to cut rates, possibly as soon as its July 30-31 meeting. WalletHub released results of a survey earlier this month that showed the likelihood the Fed will slash interest rates increased as 2019 continues. The chances of an increase grow to 97% by September 18.The Fed has increased interest rates nine times, with no decreases, since December 2015.The survey stated that 76% of people support a rate cut, and around the same amount said it would be good for the economy.“The Fed held rates steady today as it navigated a challenging balancing act between the easing of global central banks, investor speculation that cuts are necessary to combat slowing economic growth, and the futures markets pricing a high likelihood of a rate cut by July,” said Danielle Hale, Chief Economist for realtor.com. “The Fed ditched the previous ‘patient’ language it used and instead pledged to ‘closely monitor’ the data and ‘act as appropriate to sustain the expansion.’ This language shift opens up the possibility of a rate cut as soon as July if incoming data suggests weaker growth on the horizon.”Hale said the Fed has two goals: maximize employment and stable prices. While the May Jobs report was below expectations, unemployment remains at record lows. Subscribelast_img read more

Altisource Celebrates 10 Years of Providing Asset Management Services

first_img Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago September 26, 2019 2,666 Views Home / Daily Dose / Altisource Celebrates 10 Years of Providing Asset Management Services  Print This Post Altisource Company News 2019-09-26 David Wharton Demand Propels Home Prices Upward 2 days ago Tagged with: Altisource Company News Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: David Wharton The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Altisource Celebrates 10 Years of Providing Asset Management Services Servicers Navigate the Post-Pandemic World 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Altisource Portfolio Solutions, a provider of real estate, mortgage, and technology services, announced that August 2019 marked 10 years of providing innovative residential real estate asset management solutions.Altisource provides leading financial institutions with a full suite of technology-enabled, residential real estate management services, helping to improve efficiencies while maximizing client performance. These customizable solutions include REO and short sale management, real estate brokerage, online real estate auction, property inspection and preservation, valuations, and title and settlement services. Since its inception in 2009, Altisource has facilitated the sale of over 248,000 properties with the vast majority sold via the Hubzu® online marketing and auction platform. With Hubzu, prospective buyers have the opportunity to bid on an average of 4,000 properties marketed for sale across the U.S. and Puerto Rico at any time. Hubzu has attracted 1.7 million prospective buyers and real estate agents—with approximately 4.5 million bids placed on the platform since 2009.Key highlights include:2009: Launched its asset management services with a focus on residential REO asset management.2009: Launched online auction marketing of residential REO properties, offering customers the opportunity to bid on servicer and bank-owned properties through the Hubzu platform.2012: Sold 50,000 properties through Hubzu.2013: Acquired Equator and its integrated workflow automation to coordinate REO processes from file referral and marketing through the REO sale.2014: Achieved $10 billion in property sales through Hubzu.2016: Sold 150,000 properties through Hubzu.2017: Achieved $20 billion in property sales through Hubzu.2018: Sold 200,000 properties through Hubzu.2019: Launched the Equator FHA Modeling Tool, a proprietary FHA model that leverages data feeds and workflows to help servicers accurately project costs and determine marketing strategy to reduce losses on properties.2019: Reached 1.7 million registered users on Hubzu, further establishing its leading market position.“We are proud of Altisource’s industry leadership and success in developing its asset management and online auction business over the last 10 years,” said John A. Vella, Chief Revenue Officer, Altisource. “We have a unique ability to offer our customers asset management and workflow solutions, as a bundle or as component services. The team remains committed to continuously enhancing our solutions and providing best in class service and performance. I am extremely proud of the team and we look forward to aggressively creating more innovative solutions for our clients and the market over the next decade.” in Daily Dose, Featured, Headlines, News, REO, Technology The Best Markets For Residential Property Investors 2 days ago Subscribe 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 Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Previous: CFPB Announces Additions to Executive Team Next: ServiceMac Implements Collateral Loss-Mitigation Solution From DIMONTlast_img read more

Bracing for Household Debt Spikes

first_img Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago By Q4 2019, the US household debt per capita hit the all-time high of $42,935.13 after a steady increase from Q3 2013, according to LearnBonds.  Mortgage debt, specifically, hit $9.56 trillion, a record high.Additionally, just 0.89% of all loans were non-performing in Q4, but according to the AEI Housing Center, with many homeonwers entering forbearance, the housing industry may need to brace for a delinquency spike.AEI said delinquencies could soar in a steep recession, even with forbearance. The report also said there could be a drop in loan originations in both the present and long term.The drop may be attributed to the reduced demand, the difficulty to close on home sales and mortgage transactions, extended timelines, and reduced capacity brought on by growing forbearance calls.Additionally, potential borrowers may have lower credit scores, debt-to-income ratios, and down payments. AEI also said many originators and servicers “will fail or close up shop.”The report also projects the Non-Qm market to recover slowly, as many Non-QM originators have already stopped taking in new applications.AEI noted that 93% of single-family mortgages are held by federal agencies, 64% are guaranteed by the GSEs and Ginnie Mae and covered by the CARES Act, and 29% consists of loans held by banks and credit unions. The remaining 8% of single-family loans are held by a variety of servicers and are not covered by the CARES Act.Ginnie Mae announced the issuance of its mortgage-backed securities (MBS) totaled $55.21 billion in March and provides financing for more than 211,000 homeowners and renters.The total outstanding principal balance for Ginnie Mae loans was $2.14 trillion—an increase from March 2019’s $2.05 trillion.AEI’s report revealed 4.31% of Ginnie Mae loans were in forbearance, compared to 1.69% of loans serviced by the GSEs.The analysis states that as of April 7, these shares have continued to increase and that it is “reasonable to project” that by the end of April, nearly 10-15% of Ginnie Mae loans and 4-8% of GSE loans will be in forbearance. The Best Markets For Residential Property Investors 2 days ago April 28, 2020 1,283 Views debt Delinquency 2020-04-28 Seth Welborn About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago Share Save Bracing for Household Debt Spikes Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Log In Virtually For the LL100 Servicer Summit Next: The Future of Auction Salescenter_img 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 / Bracing for Household Debt Spikes in Daily Dose, Featured, Investment, News Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: debt Delinquency Related Articles Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily 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.  Print This Post Subscribelast_img read more

How COVID-19 Impacts Underwriting Standards

first_img Servicers Navigate the Post-Pandemic World 2 days ago 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. Tagged with: CoreLogic DTI LTV in Daily Dose, Featured, News Related Articles Mortgage interest rates are at record lows and purchase loan application data indicates tremendous demand for homebuying, according to the data analysts at CoreLogic. In an article published Wednesday, CoreLogic compared the credit attributes for conventional conforming loans in Q2 of 2020 to the same quarter last year. What did they find?”Loan application volume, mortgage rates, and lenders underwriting standards have been impacted by the COVID-19 pandemic,” noted the report’s authors. “Lenders may have changed their underwriting standards in response to these trends and economic uncertainty.”The researchers go on to say that “average debt-to-income (DTI) ratios for conventional conforming home-purchase loans dropped during the second quarter of 2020 from the same quarter in 2019. In contrast, the average loan-to-value (LTV) ratios during this time rose.”Additionally, the average credit score rose. On net, the drop in DTI ratios may reflect the relaxing of affordability pressures for homebuyers in the face of declining mortgage rates in 2020.”Dramatic variation in the credit-risk attributes of borrowers has been seen over the past 20 years, CoreLogic reports. “DTI and LTV ratios, along with credit scores, are three important factors in mortgage underwriting. Since 2014, credit-loosening policies by the Government-Sponsored Enterprises (GSEs) have helped boost higher DTI and LTV ratios.” (To expand the “credit box” to borrowers, Fannie Mae began accepting mortgages with LTV ratios up to 97% in December 2014. Freddie Mac began accepting them in March 2015. To further expand access to credit, Fannie Mae raised its DTI ratio level from 45 to 50% in July 2017.)As shown in the graph below:The share of new conventional conforming home-purchase loans with a DTI ratio above 45% rose sharply after Fannie Mae put its new policy into effect. The share, holding steady between 5% to 7% from early 2012 up to Fannie Mae’s announcement, had reached its peak of 21% in the fourth quarter of 2018 and started dropping in early 2019 and was 13% in second quarter of 2020. The average DTI ratio for conventional conforming home-purchase loans dipped by one point to 35% from the second quarter of 2019 to the second quarter of 2020.CoreLogicAs evidenced in the next graph, the share of new conventional conforming home-purchase loans with an LTV ratio above 95% started to rise in early 2015 following the GSEs’ announcement. The share was less than 2% in 2014 but rose gradually and reached 12% in the second quarter of 2019 and was the highest since 2008. The share started to drop in third quarter of 2019 but rose again in the second quarter of 2020 to 10%. The average LTV ratio for home-purchase loans in the second quarter of 2020 was 84 percent, up by one point from the same quarter of 2019.CoreLogic 2020DTI and LTV standards have loosened in the past few years, yet there has been no change in credit score standards, the report showed, and proceeded to detail the following:”During the second quarter of 2020, the average credit scores for the homebuyers with conventional conforming home-purchase loans rose by three points from the same quarter in 2019. The average credit score was much higher than the pre-housing crisis level. For example, the average credit score of homebuyers was 705 in 2001, but dramatically rose during the Great Recession in 2008, and was 757 the second quarter of 2020. In addition to high credit score standards, those high DTI and LTV loans in 2020 were fully documented and are thus different than the pre-housing crash high DTI and LTV loans, in which many of the latter were low/no documentation loans.”Borrowers with a credit score below 640 as well as the “low/no documentation loan share” both dipped compared to the 2001-2002 benchmark level, CoreLogic added.”In contrast, the share of new loans with an LTV ratio higher than 95% was 66% higher than the benchmark level. Share of new loans with a DTI ratio above 45% was 12% lower than the benchmark level. The condo/co-op share was just 2% lower than the benchmark level, and the investor-owned share was 38% lower than the benchmark level.”The researchers at CoreLogic attributed the decline in share of loans with a DTI ratio above 45% to the “improving affordability attributed to low mortgage interest rate throughout the year.”Access the report in full here.  Print This Post Share Save Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Previous: Industry Leaders Address Racial Inequalities, Refi Fees, and Technology Next: Housing Activity Heats Up as Weather Cools Home / Daily Dose / How COVID-19 Impacts Underwriting Standards October 21, 2020 1,695 Views Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago CoreLogic DTI LTV 2020-10-21 Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago How COVID-19 Impacts Underwriting Standards About Author: Christina Hughes Babblast_img read more

COVID-19 Exacerbates Low-Income Households’ Cost Burdens

first_imgHome / Daily Dose / COVID-19 Exacerbates Low-Income Households’ Cost Burdens  Print This Post The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago COVID-19 is having an especially pronounced impact on the affordability of housing among low-income individuals, according to a survey from Harvard University’s Joint Center for Housing Studies.The newly released American Community Survey shows an ongoing downshift in cost burdens in 2019. While the share of all cost-burdened homeowners–which are those spending more than 30% of their income for housing fell significantly in the decade preceding COVID-19, the cost burdens for low-income homeowners fell only slightly. A particular concern induced by these longer-term trends: since the onset of the pandemic, it’s considerably more likely for low-income households to have lost jobs or had their work curtailed.In 2019, the overall cost burden rate for homeowners nosedived, dropping from 30% to 21% since 2010. That marked the lowest levels since 2000. Higher-income cost burdens receded by more than half while low-income households didn’t fare quite as well, with declines in that category dropping off only slightly.Larger bounces in incomes and declines in monthly cost among high-income homeowners compared to low-income homeowners are significantly fueling the unequal distribution of the decelerating cost. There also were wide disparities in the age, race, education, and location of low-income homeowners, according to the data. Data shows that low-income homeowners are “more likely to be older, live in the South, be people of color,” and less likely to have a college education.Homeowners of color with household incomes dipping below $30,000 were disproportionately impacted by COVID-19 challenges. 27% of Native American homeowners had household incomes under $30,000 compared to 22% of Black homeowners and 16% of Hispanic homeowners. The Harvard survey also reports that “cost-burdened households are more likely to be low-income and work retail and service jobs,” which not only puts them at higher risk of exposure to COVID-19 but also makes them more vulnerable to losing their jobs or having reduced hours due to the pandemic.Then there’s the age card. Low-income homeowners are significantly more likely to be at least 65. Last year, 55% of housing with incomes of less than $30,000 also fell under that category while only 22% of homeowners earning at least $75,000 were a minimum of 65. On the other hand, the degree of cost burden wasn’t as harsh among older households; the duress among homeowners at least 65 dipped by 4% from 2010-2019. Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago COVID-19 Exacerbates Low-Income Households’ Cost Burdens Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Previous: Shumate Tapped to Oversee Title Support at SLK Global Next: Paladino to Lead North America Structured Finance at Fitch Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Chuck Green The Week Ahead: Nearing the Forbearance Exit 2 days ago November 25, 2020 984 Views Chuck Green has contributed to the Wall Street Journal, Washington Post, Los Angeles Times, San Francisco Chronicle, Chicago Tribune and others covering various industries, including real estate, business and banking, technology, and sports. Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 2020-11-25 Cristin Espinosa Demand Propels Home Prices Upward 2 days agolast_img read more

Donegal TDs Claim over 1 Million Euro in Expenses

first_img Facebook Previous articleDonegal Co.Co. Passes Motion for Scrapping of Water ChargesNext articleDerry Couple who Admit to Drug Charges Avoid Prison News Highland By News Highland – November 15, 2014 GAA decision not sitting well with Donegal – Mick McGrath NPHET ‘positive’ on easing restrictions – Donnelly Google+ Three factors driving Donegal housing market – Robinson Nine Til Noon Show – Listen back to Wednesday’s Programme RELATED ARTICLESMORE FROM AUTHOR WhatsApp Google+ Calls for maternity restrictions to be lifted at LUH center_img Homepage BannerNews Facebook Donegal TDs Claim over 1 Million Euro in Expenses Twitter WhatsApp Pinterest Twitter Donegal TDs have earned over 1 million euro collectively in expenses since the General Election.In total, expenses to TDs have cost 24.4 million euro since the last General Election.It works out at an average of 147 thousand euro per TD since March 2011.The Irish Independent is reporting this morning that just one in ten have to provide receipts for their expenses.With more here is Donal Kavanagh:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/11/donal10.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Guidelines for reopening of hospitality sector published Pinterestlast_img read more

Magee lecturers taking strike action today over revised pension arrangements

first_img Magee lecturers taking strike action today over revised pension arrangements Twitter Three factors driving Donegal housing market – Robinson Twitter Facebook Google+ Previous articleRev Jesse Jackson in DerryNext articleAccess to walks and beaches impeded by fences in Donegal, says group News Highland LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest Calls for maternity restrictions to be lifted at LUH By News Highland – March 21, 2011 Google+center_img Guidelines for reopening of hospitality sector published Pinterest WhatsApp RELATED ARTICLESMORE FROM AUTHOR Lecturers at the Magee campus of the University of Ulster and Queens University in Belfast are taking strike action today in protest against revised pension arrangements.The dispute centres on attempts to increase pension contributions for staff, raise the retirement age and end the final salary element of the scheme.Further protests are planned for Thursday at universities in England, Scotland, Wales and Northern Ireland. WhatsApp NPHET ‘positive’ on easing restrictions – Donnelly News Facebook Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

New impetus in Mc Cauley assault case five years after vicious attack

first_img Pinterest Guidelines for reopening of hospitality sector published By News Highland – July 15, 2011 Google+ Google+ Three factors driving Donegal housing market – Robinson Pinterest Facebook On the fifth anniversary of a sectarian assault in Derry, which left 34-year-old Paul McCauley in a vegetative state, police are renewing their appeal for information.Following an internal review, detectives from Serious Crime Branch are now re-investigating the assault, which took place on open ground at the back of a house in Chapel Road in the early hours of 16 July 2006.Police say they have new information, and they are now going back into the community in a bid to obtain more, with house-to-house enquiries over the coming days and a leaflet drop in the Irish Street area and the Fountain estate.Paul Mc Cauley was attending a summer barbeque at the rear of a house in Chapel Road on 15 July 2006.Only three people remained whenh, at 3.20am.  group of up to 15 people came from out of the bushes and attacked Paul and two of his friends. After the assault the group made off in the direction of Irish Street.One man is currently serving a 12-year sentence for his part in the assault.The renewed appeal has been made with the backing of Paul’s father, Jim, who said the family was still waiting for answers and for justice.He says Paul remains in a minimally responsive state, unable to move or communicate. He says it’s  heart-breaking for the family, particularly when most of those involved in the attack are still walking about. Facebook Twitter WhatsAppcenter_img Twitter News Previous articleGAA – Mulligan quits Tyrone panelNext articleNew twist in saga of IDA Letterkenny office News Highland RELATED ARTICLESMORE FROM AUTHOR Almost 10,000 appointments cancelled in Saolta Hospital Group this week Calls for maternity restrictions to be lifted at LUH WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton New impetus in Mc Cauley assault case five years after vicious attack Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

Credit Union movement hugely important in Donegal – Mc Hugh

first_img Facebook WhatsApp Facebook Previous articleConcern expressed over seal deaths in DonegalNext articleRemains of garden shed dumped on Castlderg Cemetery News Highland WhatsApp Minister McConalogue says he is working to improve fishing quota Twitter Donegal North East Deputy Joe Mc Hugh had told the Dail that the community focus of the Credit Union movement must be kept in mind when new legislation is being considered.Deputy Mc Hugh was speaking during a debate on a number of amendments to the provisions for Credit Unions in the new Central Bank and Credit Institutions Bill which is currently at report stage in the Dail.Speaking during the session which was chaired by Donegal North east Deputy Charlie Mc Conalogue, Deputy Mc Hugh said the credit union movement is in a healthy financial position, and its importance must be recognised…………[podcast]http://www.highlandradio.com/wp-content/uploads/2011/10/mchug4pm.mp3[/podcast] Credit Union movement hugely important in Donegal – Mc Hugh Newsx Adverts Pinterest Pinterestcenter_img Need for issues with Mica redress scheme to be addressed raised in Seanad also Google+ Twitter RELATED ARTICLESMORE FROM AUTHOR Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton By News Highland – October 12, 2011 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Dail hears questions over design, funding and operation of Mica redress schemelast_img read more