The People vs. Equifax

first_imgAs the aftermath of Equifax’s data breach is in full effect, the credit reporting company is quickly facing investigations.ClassAction.com has already filed a lawsuit on behalf of the estimated 143 million consumer records affected by the Equifax data breach.Attorney John Yanchunis of ClassAction.com and Morgan & Morgan filed the complaint, which noted that lead plaintiffs Jamie McGonnigal and Brian Spector individually, and on behalf of all others similarly situated, bring this class action case against Equifax for its, “gargantuan failures to secure and safeguard consumers’ personally identifiable information.”Equifax announced it had discovered the cyber security incident (data breach), yet allegedly failed to provide timely, accurate, and adequate notice to consumers until more than a month later, according to the complaint.Although Equifax has acknowledged that it discovered the breach on July 29, 2017, the lawsuit accuses three Equifax managers of selling their stock in Equifax prior to the data breach announcement.”Equifax has acknowledged that it discovered the breach on July 29th. What it hasn’t explained is why it waited so long to make an announcement that the breach had occurred,” Yunchunis said. “The profiteering before the company’s announcement is astounding.”According to the complaint, Plaintiffs seek, “statutory damages under the Fair Credit Reporting Act (“FCRA”) and state consumer protection statutes, reimbursement of out-of-pocket losses and other compensatory damages, credit monitoring services beyond Equifax’s current two-year offer, and an order requiring Equifax to improve their data security measures.”Yanchunis has served as the lead counsel for a number of data breach cases, and according to ClassAction.com, he finds Equifax’s situation shocking.”Equifax contains one of the largest databases of consumer information and they should have been better prepared for any attempt to penetrate its systems,” Yanchunis said.The Consumer Financial Protection Bureau is also looking into the data breach and Equifax’s response, Bloomberg reported. While New York’s Attorney General Eric Schneiderman has announced via Twitter that he has launched an investigation as well.I am launching a formal investigation into the #Equifax breach. Today, I sent a letter to @Equifax seeking additional information. pic.twitter.com/qlZIs8OKnO— Eric Schneiderman (@AGSchneiderman) September 8, 2017 Home / Daily Dose / The People vs. Equifax Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago September 8, 2017 2,570 Views  Print This Post Previous: Mortgage Industry Springs into Action for Irma Next: NOLA Mismanaging HUD Funds Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: data breach HOUSING mortgage Demand Propels Home Prices Upward 2 days ago About Author: Nicole Casperson Related Articles 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] center_img data breach HOUSING mortgage 2017-09-08 Nicole Casperson Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save The Best Markets For Residential Property Investors 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 People vs. Equifaxlast_img read more

The Impact of Opportunity Zones

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe August 5, 2019 1,171 Views The Best Markets For Residential Property Investors 2 days ago Affordability HOUSING Opportunity Zones Sales 2019-08-05 Seth Welborn  Print This Post Austin, Texas is making efforts to put housing in its opportunity zones. Opportunity zones were originally intended to be spur growth in economically disadvantaged areas, but according to Austin’s Planning Commission, the incentives are driving commercial development to the detriment of the city’s housing supply, Austin Monitor reports.On August 13, during the commission’s next meeting, it will consider an initiative that would amend city code so that any opportunity zone property with General Commercial Services (CS) zoning could add a vertical mixed-use designation if desired.According to the commission, added entitlements, including elimination of floor area ratio limits to reduced parking requirements, may prove enticing enough to encourage housing. Commissioner Carmen Llanes-Pulido stated that though the current opportunity zones are not helping with affordable housing in gentrifying areas, she questions whether vertical mixed-use zoning would ultimately make the problem worse.“I would really like to see more compelling evidence that (vertical mixed-use) will actually curb displacement or prevent displacement in these areas,” Llanes-Pulido said in Austin Monitor. “Because I can personally attest to blanket (vertical mixed-use) decisions causing and accelerating extreme displacement of both residents and small businesses.”Across the country, after being designated as “opportunity zones,” low-income and high-poverty areas have seen a surge in sale prices. According to the Department of Housing and Urban Development (HUD) Director Ben Carson, “opportunity Zones present tremendous promise for America’s distressed communities.”Earlier this year, HUD announced that is seeking public input on how the Department can use its existing authorities to maximize the beneficial impact of Opportunity Zones for residents and their communities. Investors, keen to receive a discount on capital gains taxes for investing within these areas, flock to these opportunity zones, according to an analysis by Zillow.According to Zillow, sale prices in all eligible areas “grew faster than prices in places that weren’t, but after opportunity zones were selected, price-growth trends diverged among eligible tracts.” Previous: Housing Affordability Hits New High Next: Fannie Mae: Increased Education Needed for Borrowers Demand Propels Home Prices Upward 2 days ago Tagged with: Affordability HOUSING Opportunity Zones Sales Related Articles in Daily Dose, Featured, Investment, Market Studies, Newscenter_img The Impact of Opportunity Zones About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / The Impact of Opportunity Zones Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 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. Share Savelast_img read more

Tracking Home Equity Growth Since 2012

first_img Tracking Home Equity Growth Since 2012 Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Home / Daily Dose / Tracking Home Equity Growth Since 2012 Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Share 1Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Mike Albanese Redfin reports that people who purchased homes in 2012 have earned $203 billion in home equity. The buyer who bought a home the year prices reached their lowest point following the Great Recession has earned $141,000, or 261%, in home equity. The average home sold in 2012 has increased $110,000 in value from a median-sale price of $210,000 in 2012 to an estimated value of $320,000 in September 2019. Redfin states that average homebuyer began with $54,000 in home equity and now has $195,000. “The opportunity to build wealth through home equity when prices hit their low point was available only to a fortunate subset of Americans who had enough cash for a down payment,” said Redfin Chief Economist Daryl Fairweather. “And now many people who weren’t able to buy into homeownership during that window of time find themselves on the other side of the housing market coin: Many areas are just plain unaffordable for people who don’t have equity built up to trade in for a new home. And those who are waiting in the wings, hoping to buy a home when the next recession hits, probably won’t be as lucky as buyers were in 2012. “Even if home prices do come down slightly, the housing market won’t be impacted nearly as much as it was during the Great Recession and home equity gains won’t be nearly as big.”The study finds that most of the equity growth can be traced backed to expensive coastal markets, mostly in California, where home values have risen by two-thirds. The average homeowners in these markets have earned more than $300,000 in equity since 2012. Los Angeles, California, had the nations’ biggest home equity gain at $15 billion. Seattle, Washington, was second at $8 billion and was followed by Oakland, California, at $7.9 billion. San Francisco, California, had the nations’ highest home equity growth in dollars at $741,000. Markets with the highest percent increase in home equity includes metros near U.S. military bases: Tacoma, Washington (1,453%); Virginia Beach, Virginia (1,333%). Home values in Tacoma have grown 76% since 2012, adding $165,000 to the homes’ value.  September 30, 2019 1,702 Views Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News, Secondary Market Previous: NFIP Extended Through November Next: The X Factor in Property Preservation 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. Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Equity home value Housing Market 2019 The Best Markets For Residential Property Investors 2 days ago Equity home value Housing Market 2019 2019-09-30 Mike Albanese Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

Illinois Delinquencies Poised to Increase

first_img June 17, 2020 1,433 Views in Daily Dose, Featured, Foreclosure, News 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. The Best Markets For Residential Property Investors 2 days ago  Print This Post Foreclosure Illinois 2020-06-17 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Foreclosure Illinois Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Previous: The Pandemic Effect of Housing Next: Disaster Response During a Challenging Summer Related Articles Home / Daily Dose / Illinois Delinquencies Poised to Increase Share Save Illinois’ housing market was one of the weakest in the nation prior to 2020, Illinois Policy reports. If the unemployment rate remains high and if demand does not continue to outpace supply in housing markets across the state, close to 130,000 households could fall behind on their mortgage payments. This means Illinois’ mortgage delinquency rate could double to nearly 9%, the highest since it peaked at 11% during the Great Recession.Illinois has had the third-lowest housing price appreciation in the United States on average since the end of the Great Recession. Weak housing appreciation is largely tied to declining demand as Illinois continues to experience population decline and more Illinoisans continue to favor renting over homeownership. Despite relatively low home prices and mortgage rates, homeownership is further discouraged by added costs such as property taxes, which are second-highest in the nation.Other than the cost of their loans, property taxes are often Illinois homeowners’ largest annual housing expense. Recent homeowners likely make the equivalent of nearly seven additional mortgage payments each year because of property taxes. he median Illinoisan with a mortgage pays $4,900 in property taxes on their $203,400 home, a property tax rate of 2.4% (the WalletHub survey includes those without a mortgage and shows Illinois’ property tax rate at 2.3%, both are second highest in the nation).  This is the third consecutive year Illinois ranked No. 2 in the property tax survey.Now that 1.5 million Illinoisans have lost their jobs and income has fallen, many families may fall behind on their mortgage payments. Using data from the Mortgage Bankers Association, the Illinois Policy Institute projection for mortgage delinquency uses the relationship between aggregate unemployment, housing price appreciation and aggregate mortgage delinquency.”With many Illinois homeowners uncertain about how they will be able to pay the bills, state lawmakers should return to Springfield for a special session to provide relief for these families or more counties should act to delay due dates,” said Illinois Policy. Illinois Delinquencies Poised to Increase Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

How the Coronavirus Will Impact Regulations

first_img  Print This Post in Daily Dose, Featured, News, Webinars How the Coronavirus Will Impact Regulations Industry leaders discussed the impact COVID-19 could have on federal regulations, foreclosure moratoriums, REO, tech, and more during DS News’ latest webinar, “The Regulatory Ripple Effects.”The webinar, sponsored by Altisource, featured Travis Britsch, VP of Auctions, Hubzu; Trevor Hall, Director of Foreclosure Auction Services, Hubzu; Candace Russell, VP of Post Sale Activities in Default Servicing, Carrington Mortgage Services; and Marrisa Yaker, Managing Attorney, Padgett Law Group.Yaker began the conversation with an overview of policies by the Federal Housing Administration (FHA) and the Federal Housing Finance Agency (FHFA). She added that the FHFA recently announced that foreclosure and eviction moratoriums have been extended until August 31, 2020.Britsch discussed the history of foreclosure sales, saying sales were normally conducted by a sheriff or a “guy in a hoodie,” with the process having little to no technologyPrior to COVID-19, he said most servicers are using on a handful of default servicing platforms and there is no single centralized system of record across the U.S.—not even from county to county—to track foreclosures.He added that since the Great Recession, several professional auction marketing companies have extended from REO into foreclosure sales. He said about half of the state now allow a professional auctioneer to market and conduct the foreclosure sale.Hall added that since the coronavirus, there are signs enforcing the 6-foot physical separation between bidders, auctioneers and bidders are wearing facial masks, there is contact-less checkout, and there are specific time slots to reduce crowds.Some of the technology that may come of the virus included simulcast auctions, electronic funds to eliminate cashiers checks, software for auctioneers, trustees, and bidders, and online only auctions.If you missed the webinar, follow the link to hear a recording of the conversation. Share Save Home / Daily Dose / How the Coronavirus Will Impact Regulations 2020-06-26 Mike Albanese The Best Markets For Residential Property Investors 2 days ago About Author: Mike Albanese Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 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 Sign up for DS News Daily June 26, 2020 1,576 Views 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. Previous: CFPB Temporarily Relaxes Some Loss Mitigation Standards Next: Industry Reacts to Supreme Court’s CFPB Ruling Related Articles The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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 agolast_img read more

An Taoiseach rejects McConalogue’s call for UK flood insurance model

first_imgHomepage BannerNews Twitter Google+ Facebook By News Highland – December 15, 2015 Nine Til Noon Show – Listen back to Wednesday’s Programme WhatsApp News, Sport and Obituaries on Wednesday May 26th WhatsApp Pinterest Help sought in search for missing 27 year old in Letterkenny The Taoiseach’s ruled out a levy on householders to deal with those who’ve been unable to get flood insurance.Hundreds of homes and businesses have been unable to get insurance because of previous flood events.Today Fianna Fail’s Charlie McConalogue called for a system to be introduced similar to the UK flood insurance model:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/12/charlifloodinsurance.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Amid those calls, Enda Kenny’s told the Dáil that can’t result in extra costs for households:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/12/16enda.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.center_img Pinterest Twitter An Taoiseach rejects McConalogue’s call for UK flood insurance model NPHET ‘positive’ on easing restrictions – Donnelly Previous articleDanger and delays as motorists speed and skip lights through N15 roadworksNext articleShauna Mc Fadden joins Nicolas Roche Performance Team News Highland Three factors driving Donegal housing market – Robinson Facebook RELATED ARTICLESMORE FROM AUTHOR Google+ 448 new cases of Covid 19 reported today last_img read more

Padraig MacLochlainn physically blocked from voting on Budget 2013

first_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter By News Highland – December 13, 2012 Pinterest Twitter Google+ Calls for maternity restrictions to be lifted at LUH Padraig MacLochlainn physically blocked from voting on Budget 2013 WhatsApp Facebook Guidelines for reopening of hospitality sector published Facebookcenter_img Google+ Pinterest Donegal TD Padraig MacLochlainn has been blocked from entering the Dail chamber to vote on Budget 2013.Despite having voted on previous aspects of the Budget, Deputy MacLochlainn says he was physically prevented from entering the Dail to vote on the full bill.He claims he was blocked by the Captain of the Guard on behalf of the Ceann Comhairle.Yesterday the Dáil’s was suspended for 45 minutes because the Donegal Deputy refused to leave after being suspended.Sinn Fein says it is now seeking legal advice over what it describes as an ‘archaic system’ RELATED ARTICLESMORE FROM AUTHOR NPHET ‘positive’ on easing restrictions – Donnelly Three factors driving Donegal housing market – Robinson WhatsApp News Previous articleVEC responds the tragic death of Finn Valley teenagerNext articleCensus figures reveal Donegal’s travel habits News Highland Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

Mary Coughlan moves to Department of Education, stays on as Tanaiste

first_img Previous articleDonegal rape trial collapses in Central Criminal CourtNext articleKillybegs based woman buys drugs boat News Highland Google+ News Facebook Facebook Google+ Pinterest Twitter WhatsApp Pinterest Need for issues with Mica redress scheme to be addressed raised in Seanad also Tanaiste Mary Coughlan has been made Minister for Education as part of a cabinet reshuffle announced by the Taoiseach this afternoon.Minister Batt O’Keeffe has moved in the opposite direction to the newly named Department of Enterprise Trade and Innovation.Minister Eamon O’Cuiv moves from the Department of Rural and Gaeltacht Affairs to the newly created Department of Social Inclusion and Family Policy – formerly known as Social and Family AffairsMinister Mary Hanafin has been moved from the former department to the Department of Arts, Sport and TourismJunior Minister Pat Carey promoted to new the new Department of Community Equality and Gaeltacht Affairs – formerly Dept of Rural and Gaeltacht Affairs, while Junior Minister Tony Killeen is promoted to the Department of Defence.Green Party TD’s Ciaran Cuffe and Mary White will be promoted to Junior Ministries, along with Fianna Fail TD Sean Connick. Details will be announced in the coming daysDrugs Minister John Curran replaces Pat Carey as Chief Whip.center_img WhatsApp Mary Coughlan moves to Department of Education, stays on as Tanaiste LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Minister McConalogue says he is working to improve fishing quota Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitter Guidelines for reopening of hospitality sector published By News Highland – March 23, 2010 Calls for maternity restrictions to be lifted at LUH RELATED ARTICLESMORE FROM AUTHORlast_img read more

Justice Minister defends use of Londonderry in Dáil speech

first_img Twitter RELATED ARTICLESMORE FROM AUTHOR LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Almost 10,000 appointments cancelled in Saolta Hospital Group this week Justice Minister defends use of Londonderry in Dáil speech By News Highland – June 13, 2012 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Previous articleGAA – Captain O’Kane Wants Derry Win In BallybofeyNext articleFresh threat to services at Cregg House in Sligo News Highland Pinterest Minister McConalogue says he is working to improve fishing quota Guidelines for reopening of hospitality sector published The Justice Minister’s defended his use of the term Londonderry in a Dáil speech earlier today.Traditionally members of the Irish Government have only ever referred to the city as Derry.Alan Shatter referred to “pipe bombs in Londonderry” when pushing through an extension of anti-terrorist laws in the Dáil.And he later came back to the issue in the chamber and defending using Londonderry:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/06/19shat.mp3[/podcast]center_img Twitter Need for issues with Mica redress scheme to be addressed raised in Seanad also Pinterest Google+ WhatsApp Google+ Facebook Facebook Newsx Adverts WhatsApplast_img read more

Jurors to consider verdict in Cuddihy case

first_imgHomepage BannerNews Facebook Pinterest HSE warns of ‘widespread cancellations’ of appointments next week Dail hears questions over design, funding and operation of Mica redress scheme Google+ Twitter WhatsApp WhatsApp Dail to vote later on extending emergency Covid powers Facebook Google+center_img Man arrested on suspicion of drugs and criminal property offences in Derry Twitter RELATED ARTICLESMORE FROM AUTHOR The jurors in the trial of a Donegal man accused of murdering his parents are due to begin their deliberations later today.Yesterday, they were told that Julian Cuddihy, from Churchtown in Carndonagh suffers from paranoid schizophrenia.James Cuddidy Jnr. found his parents’ bodies in the family home on the morning of October 23rd 2014.It later emerged that his 43-year-old brother Julian had killed them with an axe the day before.Yesterday, the court heard from two forensic psychiatrists who both concluded he was having a psychotic episode at the time.Julian has pleaded NOT guilty to murder by reason of insanity. The jury will be sent out later today to decide if he fits the criteria for the special verdict. By admin – June 9, 2016 Man arrested in Derry on suspicion of drugs and criminal property offences released PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Jurors to consider verdict in Cuddihy case Previous articleMac Giolla Easbuig claims other politicians are trying to scupper Ranafast pool projectNext articleDonegal’s Ryan McHugh is wary of Fermanagh’s hunger admin Pinterestlast_img read more