Parts of Donegal are already experiencing strong winds as Ophelia makes her way to the county.Councillor Niamh Kennedy, says Killybegs has seen gusts carrying debris and instances of high tides earlier this afternoon.She is advising people to adhere to the warnings that have been issued by the local authorities:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2017/10/kennedy5pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. By News Highland – October 16, 2017 Google+ Facebook Nine til Noon Show – Listen back to Monday’s Programme Google+ Arranmore progress and potential flagged as population grows Publicans in Republic watching closely as North reopens further WhatsApp RELATED ARTICLESMORE FROM AUTHOR Twitter Community Enhancement Programme open for applications Homepage BannerNews Loganair’s new Derry – Liverpool air service takes off from CODA Previous articleRenewed appeal for information on disappearance of Omagh woman, missing for 5 yearsNext articleStorm Ophelia – live updates – live tracking – schools closed Tuesday News Highland Facebook Important message for people attending LUH’s INR clinic Pinterest Areas in Donegal experiencing strong winds as Ophelia makes her way to the county Pinterest Twitter WhatsApp
Share Save 2017-06-21 Denis Brosnan Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Government, News Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Denis Brosnan is the President and CEO of Dallas-based DIMONT, a provider of specialty insurance and loan administration services for the residential and commercial financial industries in the United States. Additional information is available at www.dimont.com. About Author: Denis Brosnan Print This Post Despite the fact that many of the nation’s largest banks saw lower profits in the first quarter—compared to the fourth quarter of 2016—and that mortgage demand fell during the same period, industry surveys show lender confidence is high that 2017 will be a good year for home finance.Setting the StagePart of the uptick in lender confidence may be due to the overall better performance they saw last year. According to a Mortgage Bankers Association (MBA) survey, independent mortgage banks and mortgage subsidiaries of chartered banks made $1,346 per loan on average in 2016, up from $1,189 per loan in 2015. While that’s still less than what banks were earning before the crash, the trend is positive.On the servicing side, the trends are mixed. First, loans at least 30 days delinquent ticked down slightly in January, and seriously delinquent loans—90 days or more overdue—have fallen to just 2.5 percent of all loans. On the negative side, the cost to service seriously delinquent loans has skyrocketed, and servicers are warned not to consider shortcuts. In its most recent Fair Lending Report to Congress, the Consumer Financial Protection Bureau (CFPB) indicated that it will continue to scrutinize mortgage servicers.In its report, the CFPB told legislators it would watch to see if delinquent borrowers were being discriminated against due to their race, ethnicity, age, or gender as they sought a workout solution with their servicer.Finally—and this impacts both lenders and servicers—the cost of hiring and training expert personnel required in the mortgage industry has risen. The MBA found that personnel expenses averaged $4,801 per loan in 2016, up from $4,699 per loan in 2015. While the industry seems confident that we’re seeing a strong recovery, even the most successful servicers are still working to increase efficiencies and margins while controlling costs. To that end, servicers may want to pursue a strategy that bundles previously disaggregated solutions—particularly collateral disposition, investor claims, and loss analysis. The Costs of a Post-crisis EnvironmentEvery analysis of industry operating costs and performance over the past decade revealed the same significant costs. These include the costs of acquiring servicing rights, personnel, technology, support costs (risk, finance, compliance, HR), overhead (occupancy, office of the CEO), as well as a small portion of the budget dedicated to ancillary services (primarily vendor payments and professional fees). But since the crash, compliance costs have taken a much larger share of the servicer’s budget, and the costs of ancillary services—those functions typically outsourced to third-party vendors—have risen significantly.A large list of new regulatory and investor requirements post-crash has contributed to the increase in compliance costs. The cost of noncompliance has risen so steeply and the regulator focus on the industry has been so intense, that servicers have been forced to spend more money in this area.On the vendor side, once the CFPB made it clear that the servicer would be responsible for any compliance violation allegedly perpetrated by any of its vendors, the cost of vendor management went through the roof. One area in which vendor mistakes can seriously impact the servicer’s compliance risk exposure is the collateral disposition or “conveyance” process. This currently disaggregated basket of services includes property inspection and preservation, hazard claims adjustment, and investor claims processing. Fortunately for servicers, these unique functions, which are generally outsourced by the servicer to a variety of vendors, can now become part of an aggregated specialty services strategy.A New Kind of Bundled ServiceThe mortgage industry was introduced to bundled services decades ago when the industry’s largest title companies began offering menus of component back-office and field services generally tied to title and other products. Many offered these services in discounted bundles for servicers that committed to title or technology purchases. During the height of the foreclosure crisis, buying bundled default-related services helped lenders save money at a time when they were spending more on these services than ever before.Unfortunately, not every servicer was satisfied with the quality of the underlying services, enabling smaller specialty providers to continue to do well despite intense competition from the large title company-based outsourcers. Finally, as regulatory scrutiny and the cost of service for these outsourcers began to climb—against an overall drop in default volumes post-crisis, to boot—the economics of these arrangements became less appealing. A specialty services supplier, in contrast, focuses on quality first, differentiating itself from a categorical outsourcer. The larger specialty providers have also responded to the erosion of quality and price concessions on the part of title company-based outsourcers by offering suites of services that complement each other without the requirement that the lender purchase a complete bundle in order to achieve cost savings. Rather than holding servicers hostage for lower costs, specialty service providers build synergies that provide greater efficiencies to servicers without compromising quality standards. The Perfect FitTraditionally, servicers have worked with a variety of vendors as loans moved through the default process into foreclosure and then for REO disposition or conveyance. While some functions made sense to bundle, most were handled by individual specialists. The notable exception was asset management, where a single large firm would handle property preservation, REO valuation, marketing, and disposition.It has now become possible for servicers to pursue a combined-services approach for a number of functions in the conveyance process to effectuate “collateral loss mitigation.” These services include:Hazard Claims ProcessingFiling claims with hazard insurance carriers may seem straightforward—and can be—unless the property has a government-insured mortgage loan attached to it, in which case it becomes specialized work. This requires a well-trained staff, advanced technology, and the ability to collaborate closely with servicers and their other service providers, such as property preservation companies. When performed properly, servicers can reduce their loss severity significantly by filing hazard claims properly and resolving claims within statutory timeframes. This work also requires the company to employ licensed public adjusters, which puts it beyond the reach of most servicers and is therefore often outsourced.Investor ClaimsLosses that the servicer incurs during the servicing of FHA-insured loans can be claimed from HUD, reimbursing the servicer for certain expenses and reducing overall loss severity. This can mean reimbursements for title fees, attorney fees, property preservation costs, and unpaid principal balance, but only if the party filing the claims knows how much can be claimed and does so within the required timelines.Fannie Mae and Freddie Mac also offer a claims process to servicers which can return funds to the services as long as they file the claims within stipulated guidelines.Servicers who choose to handle their own investor claims process encounter significant technology and staffing expenses, making this area a prime candidate for outsourcing to a specialty services provider. Private Mortgage Insurance ClaimsThe vendor that the servicer chooses to file investor claims will also likely provide assistance with filing claims with private mortgage insurance companies. These firms have strict requirements that can cost servicers money if they fail to follow the guidelines when filing.The Benefits of BundlingA combined collateral loss mitigation strategy offers all of the benefits that servicers have come to associate with bundled services while ensuring consistent, high-quality outcomes throughout: Faster processingBy combining the processing of a number of related services on the same, advanced technology platform, a specialty service provider can provide quality outcomes faster than a multisiloed approach. For example, although specific results will vary by servicer, we have seen a significant reduction in processing time when combining aspects of the hazard claims adjustment and investor claims management processes. In some cases, as many as 10 days are shaved off the overall claims process, saving clients hundreds of dollars per property on portfolios of several thousand loans, while also decreasing their risk of interest curtailments and other negative outcomes.Lower vendor management costsThe costs of finding a vendor and performing due diligence on the proposed partner are significant and can add up to a large expense even before a service is ordered. Managing the vendor on a day-to-day basis, scoring the vendor’s performance, and then performing periodic audits of the vendor’s operation are time consuming and expensive for the servicer. Every additional function that can be performed by an existing vendor reduces the overall vendor management costs.As servicers continue to formulate their responses to the post-crisis business environment, the imperative to reduce costs while ensuring quality outcomes remains top of mind. Due to the changing landscape, servicers now find that opportunities exist to outsource complementary services to specialty service providers, thereby enjoying the economic benefits of a multiline relationship without compromising quality. Particularly in the area of conveyance-related services, servicers have the opportunity to save money while improving effectiveness by partnering with a provider that can bundle hazard claims adjustment with investor and private mortgage insurance claims services. June 21, 2017 1,264 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Come Together Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Agencies Release CRA-Eligible List Next: How do Mortgage Industry CEOs Stack Up Against Others? 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Google+ By News Highland – July 17, 2020 RELATED ARTICLESMORE FROM AUTHOR Derry draw with Pats: Higgins & Thomson Reaction Google+ Twitter Harps come back to win in Waterford Journey home will be easier – Paul Hegarty Pinterest News, Sport and Obituaries on Monday May 24th Twitter Facebook Donegal company Gartan Technologies is increasing its workforce in response to a growing demand for its products and services because of Covid-19.The company, which employs 24 people, specialises in rostering, payroll and competency management software for the Emergency Services, with clients in Ireland, Australia, and the UK.CEO Malachi Eastwood says they have been working in the sector for over 20 years, but in these extraordinary times, Gartan’s software has been playing an increasingly key role………….Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/07/malachi1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Gartan Technology expanding workforce as Covid 19 creates demand Previous articleThe Score – 16/07/20Next articleDonegal councillor proposes Gaeltacht Civil Rights movement News Highland WhatsApp AudioHomepage BannerNews WhatsApp FT Report: Derry City 2 St Pats 2 Facebook DL Debate – 24/05/21 Pinterest
iStock(NEW YORK) — The persons of interest connected with the murders of a New Hampshire couple in Texas have been captured in Mexico, according to authorities.Adam Curtis Williams, 33, who was considered armed and dangerous, and the passenger he was traveling with, Amanda Noverr, were wanted in connection with the deaths of James and Michelle Butler, whose bodies were discovered in a shallow grave on Padre Island in Texas last week.A felony theft arrest warrant was issued for Williams on Tuesday, authorities said. The circumstances surrounding their capture is unclear.Police said Williams was the man seen driving the Butlers’ RV across a checkpoint in Mexico in surveillance footage from Oct. 21. Noverr is the passenger seen in the footage, authorities said.The surveillance footage had been released before Williams and Noverr were identified.“Thankfully they have two individuals who have been identified. They were chasing a ghost a few days ago, but I know the U.S. Marshals have teamed up with Mexican authorities and they are utilizing all their resources at this point,” Lenny DePaul, a former chief inspector with the U.S. Marshals, told ABC News.The remains of the Butlers were found on Oct. 28, one day after deputies, following up on a lead, noticed a bra covered in sand sticking out of the side of a dune, Kleberg County Sheriff’s Lt. David Mendoza said Monday.The New Hampshire couple was on a cross-country RV road trip and were last seen on Oct. 15 as they left the Padre Balli Park, Mendoza said. The next day, Michelle Butler posted to social media that they had “just arrived at their new home for the next couple of weeks” before they were to set out to Florida, Mendoza said.“I think with the way the timeline played out, these two victims were missing for a couple of weeks. It’s not a straight-up carjacking,” said DePaul. “And the million dollar question at this point — what the motive was. No one seems to know that.”Williams has not been charged for the Butlers’ deaths and no arrest warrant has been issued for Noverr, authorities said Tuesday. Both are believed to be from the Utah area, authorities said.Anyone with information about the case is asked to call the Kleberg County Sheriff’s Office at 361-595-8500.Copyright © 2019, ABC Audio. All rights reserved.
Amy Shircel(NEW YORK) — Amy Shircel thought she had a nasty cold.The 22-year-old is healthy, active and well below the age considered high risk for novel coronavirus.Then, Shircel’s fever shot up to 102. She began vomiting. She lost her energy. She couldn’t make it to her refrigerator without losing her breath.Her symptoms began on March 15, she said. Initially, she just had a cough and felt weaker than usual.The next morning, she developed a fever. Shircel, a resident of Kenosha, Wisconsin, opted to get tested for coronavirus as a precaution, but said she didn’t think she actually had the disease.The Centers for Disease Control and Prevention warned that older adults (65 and older) and people of any age who have serious underlying medical conditions may be at higher risk for more severe complications. However, there have been a number of younger Americans, including those without underlying conditions, who have become seriously ill or died and officials increasingly warn that it can strike anyone.Yet, as she waited to receive her test results, her condition worsened.Days later, on March 19, her results came back. Test results provided to ABC News by Shircel showed a positive result.Coronavirus, has infected more than 962,000 people around the world, according to data by Johns Hopkins University. In the U.S., there are at least 216,768 cases in all 50 states, the District of Columbia and Puerto Rico.“I think the worst of it was I was so weak I couldn’t walk. … I had no energy. I hadn’t eaten in nine days. I was so dehydrated,” she said.“I thought if I fell asleep, I wouldn’t wake up,” Shircel added.Shircel said she went to the emergency room twice, each time being admitted overnight before being sent home the next day.At one point, she said her parents had trouble waking her up and they became so worried that they called for an ambulance.“I woke up to EMS pounding on my door just because they were so scared for me,” she said.Shircel shared her story last week on Twitter. She said she did so after seeing some of her followers and friends who still weren’t following the necessary measures to stop the spread, like social distancing and staying home as much as possible.“I had friends who just got back from Miami. I had friends who were literally in Florida at the time on their spring break,” she said.She called it “frustrating” to see, especially as she was dealing with her illness and said even if people aren’t concerned for themselves, they should take the guidelines seriously for others.Shircel stressed “the importance of quarantine and actually being quarantined and not just having your boyfriend over. That’s not what it means to be in quarantine. … It’s important to not be selfish and be greedy. Just be patient.”She hopes her story encourages other young people to take the virus seriously.“I definitely thought as a 22-year-old I was invincible,” she said. “I think that’s the overwhelming opinion.”She said she is thankfully feeling better now. It has been more than 72 hours since her last symptom, which she said is the timeframe her doctor gave her before she could really consider herself coronavirus free.“I can definitely tell I’ve been sick for a long time. I’m a little more weak than normal but I have my energy, my appetite,” Shircel said. “Honestly, for a while, I forgot what it’s like to feel healthy, so it’s been really nice.”Copyright © 2020, ABC Audio. All rights reserved.