Freddie Mac: Housing Market Weak But Stabilizing

first_imgHome / Daily Dose / Freddie Mac: Housing Market Weak But Stabilizing Servicers Navigate the Post-Pandemic World 2 days ago Previous: FHFA Approves Merger Application for Federal Home Loan Banks of Des Moines, Seattle Next: Mortgage Default Risk Index Hits Highest Level in Two Years Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Scott Morgan 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. Subscribe Freddie Mac’s latest Multi-Indicator Market Index (MiMi) report finds the U.S.  housing market weak but stabilizing at year’s end. The index, released Tuesday, shows that 70 markets are inching upwards, including San Jose and Pittsburgh, which have finally joined the forward momentum.The national MiMi value stands at 74.5, which is up 0.12 percent from September to October and up 0.42 percent over the past three months. Year-over-year, the national housing market has improved 4.48 percent.While still well short of the all-time MiMi high of 122.5, reached in June 2006, the national index is markedly better than it was in September 2011, when the housing market was at 60.3.”When we look at the stability of the housing market we’ve seen a modest 0.5 percent improvement since the beginning of the year in the national index,” said Frank Nothaft, Freddie Mac’s chief economist. “Housing markets continue to heal across the country with those hardest hit showing the biggest improvement.”The most improved metro areas month-over-month were Kansas City, Memphis, and Atlanta, each up more than 3 percent. Charlotte and Denver—which also improved more than 12 percent year-over-year—were close behind. Year-over-year, Las Vegas improved by nearly 24 percent, while Chicago, Miami, and Riverside, California, each improved more than 12 percent.Statewise, Colorado, Kentucky, Idaho, Maryland, and North Carolina led month-to-month improvement, each growing by a least 1 percent. Year-over-year Nevada grew 18.95 percent), while Illinois, Florida, Rhode Island, and Colorado each grew by around 10 percent.According to the index, 13 states, plus the District of Columbia, have MiMi values in a stable range (above 80). North Dakota (95.9) the District of Columbia (94.1), Montana (91.2), Wyoming (91.0), and Hawaii (89.2) made up the top five. Eight of the 50 metro areas Freddie tracks, all west of the Mississipi, have MiMi values in a stable range: San Antonio (89.9), Austin (87.0), Houston (85.3), Los Angeles (84.4), and Salt Lake City (83.1) made up the top five.According to Nothaft, the news is encouraging, but hardly a cause for champagne just yet.”Low mortgage rates have helped, but we also need better household income growth,” he said. “The employment picture needs to improve more to strengthen wage growth. The good news is we’re slowly starting to see this happen in areas like Denver, San Jose, Nashville, and Pittsburgh.”Freddie also is seeing better purchase application activity on a monthly basis in these areas, he said. December 24, 2014 1,085 Views  Print This Post Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Share Save Freddie Mac: Housing Market Weak But Stabilizing The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Freddie Mac Housing Market Multi-Indicator Market Index Freddie Mac Housing Market Multi-Indicator Market Index 2014-12-24 Scott Morganlast_img read more

GSE CEO Pay Cap: Is it Justifiable or Is It Unwarranted?

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fannie Mae Freddie Mac GSE CEO Compensation 2015-11-19 Brian Honea Previous: SouthLaw, P.C., Attorney Named to Super Lawyers Rising Star List Next: DS News Webcast: Friday 11/20/2015 Demand Propels Home Prices Upward 2 days ago November 19, 2015 1,600 Views The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago GSE CEO Pay Cap: Is it Justifiable or Is It Unwarranted? Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Fannie Mae Freddie Mac GSE CEO Compensation  Print This Post Sign up for DS News Daily Earlier this week, the U.S. House of Representatives passed S. 2036 by voice vote placing a cap on the salaries of Fannie Mae and Freddie Mac CEOs right at the original amount of $600,000 per year. Many in the mortgage industry expressed both approval and disapproval of the House’s decision when questioned about the vote.S. 2036, also known as the Equity in Government Compensation Act of 2015, is co-sponsored by Sen. David Vitter (R-Louisiana) and Sen. Elizabeth Warren (D-Massachusetts), passed unanimously in the Senate in September.The Vitter-Warren bill was modeled on H.R. 2243, which was introduced by U.S. Congressman Ed Royce (R-California) in May in response to a proposal by Mel Watt, Director of the FHFA (conservator of Fannie Mae and Freddie Mac) that could have raised their pay as high as the 25th percentile of the market, which computes to about $7.26 million per year. Royce’s bill passed in the House Financial Services Committee by a 57-1 vote on July 29.“It’s outrageous and almost unbelievable that a tax-payer-funded entity uses the dollars of hard-working Americans to line the pockets of their top CEO’s–to the tune of millions of dollars a year,” Vitter said Monday after the bill passed. “I am proud to have worked with Congressman Ed Royce on passing this legislation out of Congress so we can provide relief for the American taxpayers from the undue burden of financing the salaries of some of the top-ranking banking officials in the country.”Congressman Royce also commented, “While this is a victory for taxpayers, the real battle of winding down the GSEs and ending the government’s domination of the housing market remains. My ultimate goal is still comprehensive housing finance reform that brings private capital into the system to eliminate the boom-and-bust cycle that wreaked havoc on the American economy. This task takes on all the more urgency as Fannie and Freddie slip into the red and invite new taxpayer bailouts.”Mel Watt, an Obama appointee who could now be at odds with the Obama Administration if the Vitter-Warren bill gets signed by the President, said in a statement in July that the purpose of the pay raises was to “promote CEO retention, allow reliable succession planning, and ensure the continuity, efficiency and stability” at Fannie Mae and Freddie Mac.”Fannie Mae and Freddie Mac could stand to benefit institutionally from pay raises,” said Ed Delgado, President and CEO of the Five Star Institute. “The GSEs carry the weight of the mortgage industry and competitive compensation plans will enable them to be aggressive in terms of retaining intellectual capital.””I really just don’t regard it as a big issue, personally.”Donald Layton, CEO, Freddie MacFreddie Mac CEO Donald Layton told Wall Street Journal in an interview that he did not have a response to the House’s decision to cap his pay, but he “regards this as something that is happening inside the government. I signed up for this job personally as a public service matter so the compensation wasn’t the big attraction to me. I really just don’t regard it as a big issue, personally.”But while compensation may not be high on Layton’s list of priorities, it could present problems for his successor in the future.”I have to make it clear that while the CEO compensation symbolically is capped, we are able to pay reasonably to attract talent in the rest of the company so my subordinate usually make more money than I do,” he told the WSJ.Snapdocs CEO Aaron King applauded Freddie Mac CEO Donald Layton for “choosing to adopt a positive perspective on the Fannie and Freddie pay cap news. Rather than focusing on the fewer dollars in his own pocket, he affirmed his commitment to serving the good of the American people–a commitment that we hope to see from every public leader.”Brian Koss, EVP of Mortgage Network Inc., stated that he “looks at the return to tax payers. I am happy as long as there is direct alignment.”Tim Rood, Chairman of the Collingwood Group LLC, and a former Executive at Fannie Mae believes that the Fannie and Freddie CEOs “deserve a raise,” as they have “demonstrated their worth, stabilizing the companies and supporting market recovery.””I understand that my perspective on a rational move to raise their salaries to a level more equitable with those of their industry peers is not perceived by others in the same way. The optics are difficult, so it’s no surprise that this bill has bipartisan support,” he added.”The choice doesn’t have to be polarized, as the political positions suggest–allow the GSEs to accumulate capital, sunset their government charter, and spin them off as private companies or pull them into the Federal government entirely,” Rood explained. “But, whatever choice is made, the details around salaries and structure of the GSEs will fall into place. In this bizarre half-human half-horse arrangement, there are no easy answers. However, what is being proposed will not help taxpayers and will not help the housing market–good politics is very often bad policy.”Editor’s note: The Five Star Institute is the parent company of DS News and DSNews.com. Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / GSE CEO Pay Cap: Is it Justifiable or Is It Unwarranted? About Author: Xhevrije West Subscribe Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. in Daily Dose, Featured, News, Secondary Marketlast_img read more

Demand for Homes Outpaces Current Supply Available

first_img in Featured, Media, News Demand for Homes Outpaces Current Supply Available  Print This Post Home / Featured / Demand for Homes Outpaces Current Supply Available Tagged with: DS News Lawrence Yun National Association of Realtors Pending Home Sales Index Is Rise in Forbearance Volume Cause for Concern? 2 days ago About Author: Sandra Lane Demand Propels Home Prices Upward 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img DS News Lawrence Yun National Association of Realtors Pending Home Sales Index 2017-02-27 Sandra Lane 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 The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Pending home sales in January dipped to their lowest level in a year, according to the National Association of Realtors (NAR). This is deemed to be the result of limited inventory.In January, prospective homeowners faced numerous obstacles in their quest to buy a home, Lawrence Yun, NAR chief economist said. “The significant shortage of listings last month along with deteriorating affordability as the result of higher home prices and mortgage rates kept many would-be buyers at bay,” he said.This month, available homes are selling at a much faster rate than a year ago, he said. “Buyer traffic is easily outpacing seller traffic in several metro areas, In the West, it’s not uncommon to see a home come off the market within a month.”Yun’s comments are based on the Pending Home Sales Index, a forward-looking indicator based on contract signings. A sale is listed as pending when the contract has been signed, but the transaction has not closed, though the sale usually is finalized within one or two months of signing.This index shows that signings decreased 2.8 percent to 106.4 in January from an upwardly revised 109.5 in December 2016. Although last month’s index reading is 0.4 percent above last January, it is the lowest since then.Although interest in buying a home is the highest it has been since the Great Recession and home shoppers are feeling more confident about their financial situation, they are dealing with challenging supply shortages in many areas, resulting in higher prices. However, Yun pointed out that since job growth is strong in most of the country and the stock market has seen record gains in recent months, he thinks that these factors bode favorably for increased sales in coming months,”January’s accelerated price appreciation  is concerning because it’s more than double the pace of income growth, and mortgage rates are up considerably from six months ago,” Yun said. “Especially in the most expensive markets, prospective buyers will feel this squeeze to their budget and will likely have to come up with additional savings or compromise on home size or location.”Existing-home sales are forecast to be around 5.57 million this year, an increase of 2.2 percent from 2016 (5.45 million). The national median existing-home price this year is expected to increase around 4 percent. In 2016, existing sales increased 3.8 percent and prices rose 5.1 percent.”Sales got off to a fantastic start in January, but last month’s retreat in contract signings indicates that activity will likely be choppy in coming months as buyers compete for the meager number of listings in their price range,” Yun added.The PHSI in the Northeast rose 2.3 percent to 98.7 in January, and is now 3.6 percent above a year ago. In the Midwest, the index fell 5.0 percent to 99.5 in January and is now 3.8 percent lower than in January 2016.Pending home sales in the South inched higher (0.4 percent) to an index of 122.5 in January and are now 2.0 percent above last January. The index in the West dropped 9.8 percent in January to 94.6 and is now 0.4 percent lower than a year ago. Share Save Previous: Industry Organization Issues Requests for Proposals for Diversity Education Module Next: Fannie Mae Secures Second CIRT Transaction Sandra Lane has extensive experience covering the default servicing industry. She contributed regularly to DS News’ predecessor, REO Magazine, from 2004 to 2006, covering local market trends, the effects of macroeconomic shifts on market conditions, and “big-picture” analyses of industry-driving indicators. But her understanding of the mortgage and real estate business extends even beyond those pre-crisis days. She is a former real estate broker and grew up in what she calls “a real estate family.” A journalism graduate of the University of North Texas, she has written articles for various newspapers and trade journals, as well as company communications for several major corporations. February 27, 2017 3,085 Views Subscribelast_img read more

Mulvaney Requests Zero Funding for CFPB in Q2

first_img Demand Propels Home Prices Upward 2 days ago  Print This Post Mulvaney Requests Zero Funding for CFPB in Q2 in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago CFPB Federal Reserve Funding market mulvaney 2018-01-18 Staff Writer Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago In his first request to the Federal Reserve for funding, Mick Mulvaney, acting Director of the Consumer Financial Protection Bureau (CFPB) requested for zero dollars in funding for Q2. The Federal Reserve directly funds the consumer agency, with directors sending their requests for funding for the quarter.According to the New York Times, Mulvaney, in a letter to Federal Reserve Chair Janet Yellen, said that the bureau did not need any new funds to operate during the second quarter. The bureau has on deposit $177.1 million to cover emergencies and contingencies, which Mulvaney said were too large. He intended to spend approximately $145 million from that contingency fund.Mulvaney argued that those additional funds that the Fed would have otherwise earmarked for CFPB, could be turned over to the Treasury Department to pay down a tiny amount of the government’s debts, the Times report stated.According to political news website Politico, Richard Cordray, Former Director of CFPB had requested $217.1 million in the last quarter to fund the agency. Mulvaney said that Cordray had maintained a reserve fund in case of overruns or emergencies, but he didn’t see any reason for that since the Fed has always given the bureau the money it needed, the website said.This letter from Mulvaney comes on the heels of an announcement by the agency that it was issuing a call for evidence to ensure that the Bureau was fulfilling its proper and appropriate functions to best protect consumers. In the coming weeks, CFPB will be publishing in the Federal Register a series of Requests for Information (RFIs) seeking comment on enforcement, supervision, rulemaking, market monitoring, and education activities. These RFIs will provide an opportunity for the public to submit feedback and suggest ways to improve outcomes for both consumers and covered entities. Previous: Homeowner Needs After Wildfires Fall Short of Expectations Next: Bank of America Posts Solid Results for Q4 2017 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Related Articles The Best Markets For Residential Property Investors 2 days ago January 18, 2018 1,556 Views Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: CFPB Federal Reserve Funding market mulvaney Home / Daily Dose / Mulvaney Requests Zero Funding for CFPB in Q2 Subscribelast_img read more

Mortgage & LGBT Leaders Work Toward Diversity and Inclusion

first_imgHome / Daily Dose / Mortgage & LGBT Leaders Work Toward Diversity and Inclusion On Wednesday, March 14, 2018, the American Mortgage Diversity Council (AMDC), in partnership with Federal Home Loan Bank (FHLB) of Chicago, hosted a town hall discussion with leaders from the Chicago LGBT community. The meeting was the second in a series of town halls to be convened by the AMDC with LGBT community leaders from major cities across the nation.“This conversation was a catalyst toward a new industry-wide conversation around solutions for fairness in LGBTQ housing and mortgage finance,” said Steve Thomas, Federal Home Loan Bank of Chicago.As John Rieger, Executive Director for the American Mortgage Diversity Council, explained, “The American Mortgage Diversity Council is a membership-driven organization of companies in the financial services industry working collaboratively to advance the conversations around diversity and inclusion by focusing on challenges faced by minority- and women-owned businesses, creating solutions through advocacy, education, and training. This latest town hall, the second in a series, provided information to be used in the creation of a white paper on the subject for the financial services industry.””I’m thankful that the AMDC has stepped forward to identify and fix the barriers that LGBT individuals face in obtaining home ownership and affordable housing,” said Jerome Holston of the LGBT Chamber of Commerce.Charmaine Brown, Diversity and Inclusion Leader at Fannie Mae, said, “Discussing these issues and examining possible solutions are important steps toward equality and inclusion for the LGBT community.”“The AMDC is leading the industry in extending an olive branch to the LGBT communities across the country,” said Michelle Matteson, Senior Operations Manager at Bank of America. “I had the opportunity to attend the AMDC LGBT town hall in Dallas, Texas, and was amazed at the perspectives and stories that were brought to the table. I am proud to be a part of the AMDC LGBT events, as I am both representing Bank of America and the LGBT community. I applaud the AMDC for their efforts to get to know the LGBT community and their unwavering support as an ally.”The schedule of topics for the Chicago AMDC town hall included Homeownership and Fair Housing in the LGBT Community, Workplace Inclusion, and Gender Identity Discrimination, and LGBT Youth Homelessness.“My CEO gave me the opportunity to get involved in something that I was passionate about,” said Kim Morris, SVP, Tax Operations, Accumatch. “I looked at several different options before landing on the American Mortgage Diversity Council. Being an out, lesbian executive, it seemed like a cause I could get behind and help make a difference in my industry. My expectations have been exceeded twofold by the AMDC. When I suggested that we have a town hall to gather data about LGBT, the AMDC stepped up and not only set up a roundtable in Dallas but in three additional cities. Sitting at the first roundtable in Dallas, listening to the stories and understanding how the mortgage industry can make a difference, was simply amazing.”Participating organizations for the event included Accumatch, Associated Bank, Bank of America, Chicago House, CSH, Equality Illinois, Fannie Mae, Federal Home Loan Bank of Chicago, Flagstar Bank, Lambda Legal, LGBT Chamber of Commerce of Illinois, Milwaukee Metropolitan Community Church, Metropolitan Milwaukee Fair Housing Council, National Association of Gay and Lesbian Real Estate Professionals, National Tax Search, and Wintrust.“The partnership between the AMDC and the LGBT community is paramount to begin working towards solutions that will help build a better tomorrow,” Matteson said. “The journey is long, there is much to be done, but this is a great place to start.”For more information on the AMDC, click here to view the official website. Mortgage & LGBT Leaders Work Toward Diversity and Inclusion Previous: Fannie Offers Sixth Sale of Reperforming Loans Next: U.S. Homeownership Rates Lose Ground to Other Developed Countries The Best Markets For Residential Property Investors 2 days ago AMDC American Mortgage Diversity Council Chicago Discrimination Diversity Fair Housing LGBT Town Hall Town Hall 2018-03-14 David Wharton Demand Propels Home Prices Upward 2 days ago Share Save Tagged with: AMDC American Mortgage Diversity Council Chicago Discrimination Diversity Fair Housing LGBT Town Hall Town Hall in Daily Dose, Featured, Journal, News Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago March 14, 2018 3,129 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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 Sign up for DS News Daily Related Articles The Best Markets For Residential Property Investors 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago  Print This Postlast_img read more

Is Home Price Inequality a Good Thing?

first_img Related Articles  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Affordability Home Price Home Values Homeownership Homes HOUSING Inequality LendingTree Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Is Home Price Inequality a Good Thing? Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: BCFP Announces Director for Office of Innovation Next: Confirmation of Sale Scrutiny in Kansas About Author: Alison Rich With median-priced homes now getting too expensive for average households, tons of people are locked out of the market. Where is home price inequality the highest? LendingTree endeavored to answer that by analyzing house values in the 50 largest U.S. metros using a metric called the “GINI coefficient.” To provide a more tangible inequality measure, it included the values of the 5th and 95th percentile homes and their ratio, the company said. Which market dominates the most unequal category? The Midwest, while the West reigns supreme in the most equal category for home prices, the analysis found.The cities with the highest home price inequality: Detroit; Birmingham, Alabama; and Indianapolis, which posted an inequality level twice that of the most equal markets, the analysis indicated. On the flip side, Salt Lake City; Portland, Oregon; and Denver had the least home price inequality. Quantitatively, the analysis found that 95th percentile of home values were three times the value of the 5th percentile in these three areas, compared with more than ten times the value in the most unequal markets. Believe it or not, high home prices don’t necessarily equate to high inequality, the study found. For example, the San Jose and San Francisco metros—with the highest values for the 95th percentile of homes ($2.7 million and $2.3 million, respectively)—ranked No. 41 and No. 33 for inequality. Additionally, the metros with the most inequality tend to have very low prices for the 5th percentile of home values, the analysis reported. The most equal markets, however, were less affordable for borrowers with low incomes.After diving deep into the discovery process, LendingTree reached a conclusion that defies conventional wisdom about affordability.“Cities with more home value inequality have a wider distribution of home values, which means that families earning lower incomes may still have the opportunity to access homeownership in these cities,” it said. “The concurrent presence of high-value homes suggests that their economies are vibrant enough to support higher-earning jobs as well. Looked at in this manner, home value inequality could be beneficial.” Subscribe Affordability Home Price Home Values Homeownership Homes HOUSING Inequality LendingTree 2018-07-18 Alison Richcenter_img Share Save in Daily Dose, Featured, Market Studies, News Home / Daily Dose / Is Home Price Inequality a Good Thing? Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago July 18, 2018 1,084 Views Servicers Navigate the Post-Pandemic World 2 days ago Alison Rich has a long-time tenure in the writing and editing realm, touting an impressive body of work that has been featured in local and national consumer and trade publications spanning industries and audiences. She has worked for DS News and MReport magazines—both in print and online—since they launched. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agolast_img read more

Journalist who wrote article that published McAreavey photos arrested in Mauritius

first_img Three factors driving Donegal housing market – Robinson By News Highland – July 18, 2012 Calls for maternity restrictions to be lifted at LUH Facebook Twitter Google+ WhatsApp Facebook Pinterest News Help sought in search for missing 27 year old in Letterkenny The Prime Minister of Mauritius has told the Irish Independent, that he knows who leaked the photographs of Michaela McAreavey’s dead body to a newspaper.In an interview published in today’s paper, Navin Ramglooam says the source of the pictures did NOT come from within the police force itself, but from someone else close to the case.He says the source of the leak will be confirmed within the coming days – and that the journalist who wrote the article in last week’s Mauritian Sunday Times has been interviewed by police.Meanwhile the Prime Minister of Mauritius is to invite Gardai and the PSNI to help in the investigation into the murder of Michaela McAreavey.He’s now writing a letter to the PSNI and Gardai inviting them to help with the investigation after two men were acquitted of the killing last week.Justice Minister Alan Shatter says although the request hasn’t yet been received the response is likely to be favourable:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/07/shatt830.mp3[/podcast]center_img Google+ Guidelines for reopening of hospitality sector published Twitter Journalist who wrote article that published McAreavey photos arrested in Mauritius 448 new cases of Covid 19 reported today WhatsApp Previous articleSenator O Domnhaill says cutting subsidiary bus service escalates costsNext articleStimulus package slammed as forgetting about Donegal once again News Highland RELATED ARTICLESMORE FROM AUTHOR NPHET ‘positive’ on easing restrictions – Donnelly Pinterestlast_img read more

Home owners to face 100 euro standing charge for water before turning a tap

first_imgNews Reports today claim the standing charge facing householders on their water supply could be up to 33 per cent of their final bill.The Irish Independent says the proposal is contained in Irish Water’s submission to the Commission for Energy Regulation.With the average yearly bill expected to be about 3 hundred euro, it means water supplies could cost people 100 euro before any metering is carried out.Irish Water’s submission to the Commission for Energy Regulation does not include a view as to how much users should be charged for water – but does seek a 33 percent standing charge on the average bill.The charge – which is as low as 10 per cent in other countries – could mean that householders are charged 100 euro before they even turn on the tap.It’s understood the measure is designed to give Irish Water a guaranteed income stream – which they’ll need to borrow money to develop their infrastructure.The scale of the standing charge is likely to provoke some backlash – because it won’t act as an incentive to conserve water and – could be seen as bringing the charge more in line with a standardised tax. Pinterest Calls for maternity restrictions to be lifted at LUH Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey WhatsApp Google+ Facebook WhatsApp Guidelines for reopening of hospitality sector published Need for issues with Mica redress scheme to be addressed raised in Seanad also Google+center_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Facebook Twitter Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week By News Highland – April 14, 2014 Previous articleAGSI conference to debate Donegal motion on garda whistleblowers charterNext articleCalls for all of Letterkenny’s water to be sourced from Lough Salt News Highland RELATED ARTICLESMORE FROM AUTHOR Home owners to face 100 euro standing charge for water before turning a tap Pinterestlast_img read more

Lifford woman hits out at Council over poor drinking water

first_img Lifford woman hits out at Council over poor drinking water Need for issues with Mica redress scheme to be addressed raised in Seanad also By News Highland – May 13, 2013 Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR A Lifford woman has hit out at Donegal County Council for her continued poor water supply.Siobhan Kelly says that her family have regularly been left without a drinking water over the past six years.She says at least once a month her water supply turns a orangey brown colour.And speaking on todays Shaun Doherty Show, Ms Kelly, who lives on the Castlefin Road says she is ‘fed up’ with the responses she has received from Donegal County Council:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/05/siob1pm.mp3[/podcast] WhatsApp Google+ Pinterest Twitter Pinterestcenter_img Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton News Calls for maternity restrictions to be lifted at LUH Facebook Google+ Guidelines for reopening of hospitality sector published Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Previous articleDonal Walsh video on suicide to be distributed to all schoolsNext articleNorthern Ireland Executive reaffirms commitment to A5 News Highland last_img read more

Councillor says too much work is done behind closed doors

first_img Man arrested in Derry on suspicion of drugs and criminal property offences released Twitter Facebook RELATED ARTICLESMORE FROM AUTHOR By News Highland – December 19, 2009 Google+ WhatsApp Dail to vote later on extending emergency Covid powers News A Donegal County Councillor says that too much of the local authority’s business is conducted behind closed.Councillor Patrick McGowen says that all too often when an issue is raised in the chamber, rather than discuss it their and then, it is put off to a workshop. These are often held behind closed doors and in the absence of the local media.Councillor McGowen says this is undemocratic and change is needed. Councillor says too much work is done behind closed doors Previous articleFarmers should withdraw cattle from processorsNext articleJudge claims his sentencing powers are outdated News Highland center_img WhatsApp Pinterest Need for issues with Mica redress scheme to be addressed raised in Seanad also Google+ Minister McConalogue says he is working to improve fishing quota Facebook 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Dail hears questions over design, funding and operation of Mica redress scheme Twitter Pinterestlast_img read more