Fannie Mae’s Gross Mortgage Portfolio Dips Below $400 Billion

first_img in Daily Dose, Featured, News, Secondary Market Demand Propels Home Prices Upward 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Brian Honea  Print This Post Previous: Average Guarantee Fees on GSE Loans Are Two and a Half Times Their 2009 Level Next: CFPB Director Cordray to Testify In Full Senate Banking Committee Hearing July 15 The Week Ahead: Nearing the Forbearance Exit 2 days ago Fannie Mae Gross Mortgage Portfolio Monthly Volume Summary 2015-06-30 Brian Honea Related Articles Fannie Mae’s Gross Mortgage Portfolio Dips Below $400 Billioncenter_img June 30, 2015 800 Views Tagged with: Fannie Mae Gross Mortgage Portfolio Monthly Volume Summary Home / Daily Dose / Fannie Mae’s Gross Mortgage Portfolio Dips Below $400 Billion Fannie Mae’s gross mortgage portfolio experienced its second consecutive month of double-digit contraction as its value fell below $400 billion, according to Fannie Mae’s May 2015 Monthly Volume Summary released Tuesday.In May, the GSE’s gross mortgage portfolio shrank at a compound annualized rate of 25.9 percent, from $405.1 billion down to $395.1 billion.  It was the first time since before the conservatorship began in September 2008 that the value of the gross mortgage portfolio dipped below $400 billion. In April, the portfolio contracted at an annualized rate of 17.4 percent after March’s expansion of 7.8 percent. March’s expansion was a rare one for Fannie Mae’s gross mortgage portfolio in the last five years; the portfolio has expanded only three times in the last 59 months dating back to June 2010 (March 2015, January 2015, and December 2012).The gross mortgage portfolio’s value for May ($395.1 billion) is less than half of what it was in June 2010 ($818 billion). The portfolio’s value has declined by more than $16 billion just since March 2015, when it totaled $411.7 billion.Fannie Mae’s Book of Business also declined in May, decreasing at a compound annualized rate of 2.6 percent for the month. The value of the Book of Business was $3.110 trillion following the May contraction. The Book of Business, which includes the gross mortgage portfolio plus the total Fannie Mae mortgage-backed securities and other guarantees less the Fannie Mae mortgage-backed securities in the portfolio, has contracted in four of the first five months of this year and has decreased at an average compound annualized rate of 1.1 percent this year.The total value of Fannie Mae’s mortgage-backed securities and other guarantees for May was $2.8099 trillion, a slight decline from April’s level of $2.8105 trillion. The value of mortgage-backed securities in the portfolio as of May 31, 2015, was $94.990 billion, down from $98.693 billion in April.The single-family serious delinquency rate for Fannie Mae in May fell another three basis points down to 1.70 percent, its lowest point since before the recession. The single-family serious delinquency rate has declined every quarter since Q1 2010 for Fannie Mae.Also according to May’s monthly volume summary, Fannie Mae completed 8,597 loan modifications in May, a decline from the 9,297 loan mods completed in April. Fannie Mae has completed 44,558 loan mods for the first five months of 2015, an average of 8,911 per month. For the full year of 2014, Fannie Mae completed 122,823 loan mods, a monthly average of 10,235. The Best Markets For Residential Property Investors 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 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Share Save Subscribelast_img read more

Market Update: Home Sales’ Status

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Market Update: Home Sales’ Status HOUSING mortgage 2017-10-16 Nicole Casperson Servicers Navigate the Post-Pandemic World 2 days ago On Monday, the October RE/MAX National Housing Report released, revealing that September marked the fifth month in 2017 to post a decline in home sales. Additionally, the reported noted that this marks the 71st consecutive month of rising sale prices year-over-year.The data shows that joining February, April, July, August, and September data, home sales dropped 4.2 percent year-over-year in the report’s monthly analysis of housing data in 54 metro areas—whilst median sales prices increased to $225,000.Although, “the lowest price since March, it was 2.3 percent higher than September 2016.” In addition, the report revealed that the last month home prices didn’t increase year-over-year was October 2011.According to Adam Contos, RE/MAX Co-CEO, the market is not seeing any relief from the nationwide housing shortage as the typically slower fall and winter selling seasons approach.“Plain and simple, we need more homes, particularly at the entry-level price point,” Contos said. “Until then, it will most likely continue to be a seller’s market with homes going from listed to sold quickly.”The report also noted significant changes in the most recent data. Days on the market declined by one week, from 56 in September 2016 to 49 in September 2017. In addition, the month’s supply of inventory is the lowest—at 3.6—compared to any September in the report’s history.Based on the rate of home sales in September, the Months Supply of Inventory increased to 3.6 from August 2017 at 3.1, compared to September 2016 at 3.9.According to RE/MAX, a 6.0-months supply indicates a market balanced equally between buyers and sellers. In September 2017, 51 of the 54 metro areas surveyed reported a months supply of less than 6.0, which is typically considered a seller’s market.Year-over-year, inventory dropped 14.1 percent—with 46 metro areas seeing fewer homes for sale. An alarming fact from the data is that “year-over-year, inventory has declined every month since November 2008.”Click here to view the full report. Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Market Update: Home Sales’ Status Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: The Risk of Low Interest Rates Next: Keeping Up With Compliance Trends The Best Markets For Residential Property Investors 2 days ago Tagged with: HOUSING mortgage About Author: Nicole Casperson  Print This Postcenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Headlines Share Save Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago October 16, 2017 1,258 Views The Best Markets For Residential Property Investors 2 days ago 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] Subscribelast_img read more

Mitigating Risks Through Technology

first_img Demand Propels Home Prices Upward 2 days ago Tagged with: Fannie Mae FinTech Foreclosure Investment Risk Safeguard Technology Servicers Navigate the Post-Pandemic World 2 days ago Related Articles March 28, 2019 2,049 Views Mitigating Risks Through Technology Fannie Mae FinTech Foreclosure Investment Risk Safeguard Technology 2019-03-28 Seth Welborn Share Save Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Seth Welborn Home / Daily Dose / Mitigating Risks Through Technology in Daily Dose, Featured, Foreclosure, Investment, Market Studies, News, Secondary Market Previous: Wells Fargo, After Sloan Next: The Best Day to List a Homecenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 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 Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. On Thursday, April 11, from 1–2 p.m. EDT, DS News will host a webinar to explore the increased risks facing servicers and mortgage professionals. The webinar, titled “Risky Business: Using Data and Analytics to Protect Properties,” is presented by Safeguard Properties and will include insights from Tim Rath, AVP, Business Development, Safeguard Properties; Jason Heckman, AVP, Mobile and Analytics, Safeguard Properties; and John Thibaudeau, Director, Single-Family Real Estate, Fannie Mae.Managing foreclosed properties can be a challenge without proper procedures in place. With the help of technology, the risks can be efficiently targeted, helping to identify solutions and significantly lower costs. Our panel of experts will discuss the latest property management innovations and how they can protect your investment.Discussing how industry professionals can mitigate risks, Heckman told DS News,  “Analyzing the property data reported from the field helps the mortgage servicing industry make informed business decisions that benefit their bottom line. By providing insight into trends, we can detect potential risks and help mitigate some of the biggest challenges threatening our clients’ assets.”By utilizing it effectively and safely, technology can be a vital asset to your business.”Data and technology are so powerful in helping me manage my business,” Thibaudeau said. “It helps my team make better decisions, reduces costs, and enables my team to conduct business more quickly in providing a better experience for our customers.”While you’ll have to register and tune in to see how the full discussion unfolds on April 11, Rath offers some questions to consider:What has been the evolution of technology in the servicing space?How can data and analytics be utilized to manage risks to properties such as crime, vandalism, and emergency preparedness?What are the challenges and benefits of incorporating new technology into existing systems?Concerning cost and ROI, what is the value of investing in technology now?What future innovations in technology in the servicing space are on the horizon?Dive deeper into these questions and more—register for the webinar here. Subscribelast_img read more

Earthquakes and California MBS

first_img Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles in Daily Dose, Featured, Investment, News, Secondary Market California CMBS Disaster RMBS 2019-07-11 Seth Welborn Share Save July 11, 2019 1,081 Views Home / Daily Dose / Earthquakes and California MBS The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago According to Fitch Ratings, recent California earthquakes should have no impact on the ratings of Residential Mortgage Backed Securities (RMBS). Fitch notes that less than 1% of Fitch-rated RMBS pools have exposure to the areas affected by the earthquakes. Fitch states that less than 1% of Fitch-rated RMBS pools have exposure to the areas affected by the earthquakes, noting that the multiple earthquakes in California last week were in sparsely populated areas.Within the affected areas, Fitch does expects the impact on residential mortgage performance to be modest, and according to Fitch’s data, natural disasters since 1990 have only had a temporary influence on borrower behavior, with delinquency typically returning to pre-disaster levels within 12-18 months.According to Fitch, future natural disasters may bring about more risks, and may impact mortgages more drastically moving forward.“The relatively limited amount of time residential borrowers have been affected by natural disasters in recent decades was mitigated by private insurance, federal disaster funding and stimulus to the economy driven by the recovery, such as construction and repair work,” Fitch states. “Fitch recognizes that future natural disasters may be more severe than those experienced over the past 30 years, potentially resulting in a longer, and more significant, impact on borrower mortgage performance.”Fitch also covered Commercial Mortgage Backed Securities (CMBS). Unlike residential properties, commercial properties do not typically include earthquakes in their insurance coverage. According to Fitch, CMBS exposure in Southern California consists of approximately $34 billion on 2,377 properties, but no negative rating actions are expected for Fitch-rated CMBS with exposure to properties in the region, given servicer advancing, insurance coverage typically required of CMBS loans and strong sponsorship among the larger affected properties. Fitch ratings expects to receive Significant Insurance Event Reports from CMBS master servicers within two to three weeks of events. Demand Propels Home Prices Upward 2 days ago  Print This Post Earthquakes and California MBS Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: State of Emergency Declared For Louisiana Next: Technology Being Used to Battle Affordability Concerns About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: California CMBS Disaster RMBS 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. Sign up for DS News Daily Subscribelast_img read more

Delinquency Report Reflects ‘Critical Situation’

first_img Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Phil Hall Phil Hall is a former United Nations-based reporter for Fairchild Broadcast News, the author of nine books, the host of the award-winning SoundCloud podcast “The Online Movie Show,” co-host of the award-winning WAPJ-FM talk show “Nutmeg Chatter” and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill’s Congress Blog and Profit Confidential. His real estate finance writing has been published in the ABA Banking Journal, Secondary Marketing Executive, Servicing Management, MortgageOrb, Progress in Lending, National Mortgage Professional, Mortgage Professional America, Canadian Mortgage Professional, Mortgage Professional News, Mortgage Broker News and HousingWire. Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Delinquency Report Reflects ‘Critical Situation’ Servicers Navigate the Post-Pandemic World 2 days ago Related Articles 2020-12-21 Christina Hughes Babb December 21, 2020 2,241 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago The latest First Look mortgage loan performance data report from Black Knight Inc. on the state of mortgage delinquencies offered glimmers of hope mixed with statistics that point to continued problems across the housing market.First, the good news: mortgage delinquencies in November totaled 6.33%, down from 6.44% in October. November marked the sixth consecutive month of improvements in mortgage delinquency rates. And the national delinquency rate fell 1.5 percentage points from its peak of 7.8% in May.Furthermore, November saw a total of 4,400 foreclosure starts and 176,000 loans in active foreclosure—both levels are the lowest that Black Knight reported began it began tracking these in 2000. There was also a positive breakthrough with early-stage delinquencies, which have fallen below pre-pandemic levels.However, not all of the news is copacetic. Black Knight also noted that the national delinquency rate is a full three percentage points above pre-pandemic levels while seriously past-due mortgages remain 1.8 million above pre-pandemic levels.Black Knight also noted that prepayments fell 11% from October’s 16-year high, adding that prepay activity will likely remain elevated for the near future due to record-low interest rates and a refinance incentive at an all-time high.Michael Sklarz, who leads Black Knight Data and Analytics’ Collateral Analytics team, predicted that many homeowners facing the expiration of their forbearance plans under the CARES Act might put their properties up for sale rather than face mortgage delinquency.“There are millions of homeowners currently in forbearance across the country who will lose those protections throughout next year and—depending upon their ability to return to performing status—who may find themselves facing foreclosure,” Sklarz wrote on the Black Knight blog. “This is of course assuming a Biden administration doesn’t extend the moratoriums currently in place. Regardless, we may very well see a meaningful increase in the number of homes listed for sale as these borrowers choose to sell at what is arguably an intermediate top in the market and downsize to more affordable homes rather than face foreclosure.”Sklarz added that this scenario, which would suddenly pump housing inventory levels higher, could result in home prices going down with equal speed.“Combined with overbuilding of new housing units, this could create a situation not unlike that seen following the housing crash in 2007-2008, which took many years to resolve itself, and where we saw inland U.S. real estate market prices move sideways for an extended period of time,” he said. “While there are still too many uncertain factors at play to outright declare a real estate bubble, we do see the potential for correction in markets both inland and coastal. It’s a critical situation that will require highly accurate data and experienced insight to analyze in the coming months.” in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Sign up for DS News Daily Delinquency Report Reflects ‘Critical Situation’ Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Where Americans Are Most At Risk of Losing Homes Next: Housing Advocates Applaud Stimulus Deal The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

Millions May Lose Their Homes When Moratoria Expire

first_img in Daily Dose, Featured, Foreclosure, Market Studies, News About Author: Christina Hughes Babb Related Articles December 17, 2020 2,473 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Previous: Attorneys Explain the CFPB’s Final Rule on Debt Collection Next: ‘Unusual Circumstances’ for the Home-Flipping Business 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. Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save 2020-12-17 Christina Hughes Babb Millions May Lose Their Homes When Moratoria Expire The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Millions May Lose Their Homes When Moratoria Expire The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Despite federal and local efforts to halt foreclosures and evictions during a global health crisis, losing a home has become a real threat facing millions of Americans, especially as preventative moratoria expire in December and January.  Several reports and publications have examined the implications and possible solutions.An article by USA Today’s N’dea Yancey-Bragg, for example, examines the state of Americans’ mortgage loans and rent, credit and debt, employment, homelessness, housing policy, and the status of a possible stimulus package. Additionally, the reporter reveals how some minority households suffer disproportionately.”Black and Latino people are the most likely to be evicted and also the most likely to be hospitalized and die of COVID-19,” Emily Benfer, a Wake Forest professor and co-creator of the Eviction Lab COVID-19 Housing Policy Scoreboard, a dataset of evictions, told Yancey-Bragg.A $908 billion stimulus proposal is working its way through lawmakers, but negotiations could continue through the holidays, USA Today reported. One study by Credello showed that the first round of stimulus checks went largely toward Americans’ rents and mortgages.”If the federal government and the CDC allow the mortarium to lapse in the new year I think we are in for the most terrifying segment of the pandemic experience and that we will see any effort to mitigate the spread of COVID-19 fail, setting us up for decades if not generations of recovery due to the devastating outcome of such widespread eviction,” Benfer told the paper.To suggest how many evictions and foreclosures could occur if the protections lapsed, Benfer pointed out that “when CARES Act protection lapsed for two weeks earlier this year, evictions spiked as high as 395% above historic levels.”Even extensions of foreclosure moratoria, more stimulus, and increased crisis-related unemployment benefits would not necessarily stave off pending problems, according to Business Insider’s Taylor Borden, who wrote, “Experts have said that even if moratoriums are extended and unemployment benefits continue, that could simply be kicking the can down the road, delaying a wave of homelessness.”The USA Today piece points to another report by Stout, a global investment bank and advisory firm, which shows that some “14 million American households today are at risk of eviction and have amassed an estimated $25 billion in rental debt. … 4.9 million of them are likely to receive eviction notices in January, Stout found.”A separate report by FICO showed almost a quarter of study participants said they were not at all or not very confident about their finances remaining stable in the next three months. In fact, 42% of consumers said they had to contact one of their financial services providers to help manage repayment of existing credit commitments since the start of COVID-19. The FICO study concludes that working with a lender is the best way to avoid the eventual loss of property.”2020 has been a challenge for all, with a large percentage of consumers struggling to pay their bills. Banks and financial service providers play a critical role in helping their customers navigate these uncertain times,” said Michael Magaard, VP, Customer Communication Services at FICO.Another cause for friction and confusion, Benfer told USA Today, is that the CDC’s federal moratorium lacked consistent implementation, technical advice from the federal government and education of tenants, so some landlords have continued to evict non-paying tenants.Many property owners are feeling fiscal pressure due to tenants’ inability to pay full or partial rent.A study by Avail (landlord and tenant data analysis) showed that the months ahead will be critical: “more financial support is needed for renters, either through increases and extensions in unemployment insurance or through direct rental assistance,” reported the researchers. “A lack of financial support would affect both renters and their landlords, potentially forcing many individual landlords to sell their properties and leaving renters with even fewer affordable housing options.”A group of homebuilders is among those that have taken legal action against the CDC moratorium. The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Delay in delivery of high speed broadband unacceptable – McConalogue

first_img Previous articleConsultation on Dunlewey Post Office nearing completionNext article18 people awaiting admission to Letterkenny University Hospital this lunchtime admin Twitter Pinterest Guidelines for reopening of hospitality sector published WhatsApp By admin – November 9, 2016 Facebook Twitter Pinterest Nine Til Noon Show – Listen back to Wednesday’s Programme Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton center_img Calls for maternity restrictions to be lifted at LUH Delay in delivery of high speed broadband unacceptable – McConalogue GAA decision not sitting well with Donegal – Mick McGrath RELATED ARTICLESMORE FROM AUTHOR Facebook Almost 10,000 appointments cancelled in Saolta Hospital Group this week A Donegal Deputy is urging the Government to speed up the delivery of high speed broadband as a matter of urgency. A total of €15 million has been earmarked to provide the service to rural areas as part of Budget 2017 with the latest pledge by Government to have it provided to all rural households by 2022.However, Donegal Deputy Charlie McConalogue says that’s not quick enough.He says many homes and businesses in the county are already severely affected due to the delays in the rollout:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/11/charliebroadband.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApp Google+ Homepage BannerNewslast_img read more

Roads treacherous across Donegal

first_img Roads treacherous across Donegal Facebook Roads across Donegal are in a very dangerous condition tonight, as snow continues to fall in the county.The Back of Errigal and Carndonagh / Drumfries Roads are closed, with problems also reported on the Lifford Castlefinn Road as well.Gardai and council officials are urging people to travel only if absolutely necessary. LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Facebook Twitter By News Highland – December 17, 2010 Google+ Calls for maternity restrictions to be lifted at LUH Pinterest Previous articleFurther restrictions on Lough Mourne supplyNext articleDerry man walks into police station with knife twice this week Court hears News Highland Pinterestcenter_img Twitter WhatsApp Newsx Adverts Need for issues with Mica redress scheme to be addressed raised in Seanad also WhatsApp Google+ Guidelines for reopening of hospitality sector published Almost 10,000 appointments cancelled in Saolta Hospital Group this week Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey RELATED ARTICLESMORE FROM AUTHORlast_img read more

Irish Water says upgrade in Finn Valley will benefit 1700 customers

first_img Man arrested in Derry on suspicion of drugs and criminal property offences released Homepage BannerNews Need for issues with Mica redress scheme to be addressed raised in Seanad also Irish Water says upgrade in Finn Valley will benefit 1700 customers Facebook Twitter Pinterest Google+ Irish Water says it has now completed a much needed upgrade of watermains on the Lough Mourne Water Supply Scheme which serves 1,700 customers in the Finn Valley.The section of pipeline along the N15 National Road that links Ballybofey to Lifford, was identified as being in poor condition in the Council’s Water Conservation Rehabilitation Needs Report in February 2012.Irish Water says 9 bursts occurred on the 1.6km section of watermains in the past 2 years alone, causing unacceptable supply disruptions for customers.Local Councillor Patrick McGowan says that while the work is welcome, it represents only the tip of the iceberg:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/05/patw530.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApp Minister McConalogue says he is working to improve fishing quota Pinterestcenter_img RELATED ARTICLESMORE FROM AUTHOR WhatsApp Previous articleDerry look to bounce back in Longford on SaturdayNext articleWoman arrested in Derry as part of dissident republican investigation News Highland Google+ Twitter By News Highland – May 1, 2015 Dail hears questions over design, funding and operation of Mica redress scheme Facebook 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Dail to vote later on extending emergency Covid powerslast_img read more

MacGill : Hogan says he will cut number of councils and councillors

first_imgNews Facebook WhatsApp Facebook Twitter Watch: The Nine Til Noon Show LIVE Pinterest Previous articleMinister Phil Hogan met by up to 150 protesters in GlentiesNext articleMan appeared under the influence of drugs in Glenties court News Highland PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal MacGill : Hogan says he will cut number of councils and councillors Twitter Enivronment Minister Phil Hogan has confirmed he’s to cut the number of councils and councillors under local government reforms.Speaking at the Macgill Summer School in Glenties yesterday evening the Minister said the property tax, and other reforms, will go ahead.Details of local government reforms were due to be agreed at this weeks cabinet meeting – the last before the summer recess. An announcement had been anticipated today on the reform of the town council structure.However, Minister Hogan told journalists in Glenties last evening that the discussion was postponed until the autumn, because it was felt there wasn’t sufficient time to explore the plans fullycenter_img Google+ WhatsApp Google+ Dail to vote later on extending emergency Covid powers HSE warns of ‘widespread cancellations’ of appointments next week By News Highland – July 26, 2012 Man arrested in Derry on suspicion of drugs and criminal property offences released RELATED ARTICLESMORE FROM AUTHOR Pinterest Dail hears questions over design, funding and operation of Mica redress scheme last_img read more

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