Massachusetts Court Rules in Favor of MERS

first_imgSubscribe  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles in Daily Dose, Featured, News 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 Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save The Appeals Court of Massachusetts became the latest court to uphold the validity of the assignment of a mortgage by Mortgage Electronic Registration System (MERS) on Friday, according to an announcement from MERSCORP Holdings, parent company of MERS.The borrowers in the case of Hoyt v. BAC Home Loan Servicing had previously challenged a lower court’s ruling that MERS’ assignment of a mortgage was valid. The Appeals Court ruled that under Massachusetts law, a mortgage’s legal interest may be separated from the beneficial interest in the debt it secures.The court also ruled that the assignment of the mortgage by MERS was valid, and because MERS held the record legal interest in the mortgage when it executed the assignment, the assignment conveyed legal interest in the mortgage to the foreclosing entity. The Appeals Court went on to rule that the foreclosing entity (assignee of the mortgage) had the legal right to foreclose on the property because a foreclosing entity was not legally required to hold the mortgage note at the time the foreclosure was initiated.Moreover, the Appeals Court ruled that the lower court was not in error with its judgment that the borrower lacked standing to challenge MERS’ assignment of the mortgage.”MERS has legal authority to execute mortgage assignments,” MERSCORP Holdings VP for Corporate Communications, Janis Smith said. “This authority is granted by plain language in the mortgage document signed at closing by the borrower.”MERS has won victories in courts in many states in the last two years over borrowers facing foreclosure who challenged the company’s authority to act as mortgagee or assign the deed of trust, including Illinois, Massachusetts, Rhode Island, Ohio, New Hampshire, Montana, Idaho, Arkansas, and Texas. The latest such decision occurred in the U.S. Ninth Circuit Court of Appeals in late March. April 17, 2015 996 Views center_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: CFPB Amends Guidelines For Providing Lists of Housing Counseling Organizations Next: https://youtube.com/devicesupport Home / Daily Dose / Massachusetts Court Rules in Favor of MERS Massachusetts Court Rules in Favor of MERS Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Brian Honea Foreclosure MERS Mortgage Assignment 2015-04-17 Brian Honea Tagged with: Foreclosure MERS Mortgage Assignment The Best Markets For Residential Property Investors 2 days agolast_img read more

"Massachusetts Court Rules in Favor of MERS"

Overseas Real Estate Investors are Net Sellers

first_img For the first time since 2012, overseas investors became net sellers of U.S. real estate, and in this Video Spotlight, CNBC’s Diana Olick discusses the $21.3 billion in direct acquisitions and $21.4 billion sold by investors in Q2 2019.“Prices in the U.S. are at record highs, and the returns are low, so its just hard for investors to put money to work in the U.S.,” said Olick.Investor confidence is slipping as market conditions remain volatile, according to a new study from Wells Fargo. According to the Wells Fargo/Gallup Investor Optimism Index, U.S. investor optimism fell to its lowest point since the fourth quarter of 2016 as investor confidence weakened in the 12-month outlook for the stock market and U.S. employment.The Q3 2019 Wells Fargo/Gallup Investor and Retirement Optimism Index is now 72, down 13 points from 85 in the second quarter and well below the post-recession high of 117 reached in the fourth quarter of 2017,  the largest quarterly drop for the index in more than three years.“Even before the volatility of the past two weeks, investors were rattled by the market decline at the start of the month, including a nearly 800-point drop in the Dow at the start of the survey period,” said Andy Byer, head of Client Service and Advice for Wells Fargo Advisors on Business Wire. Overseas Real Estate Investors are Net Sellers Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Investment Overseas sellers 2019-09-02 Seth Welborn September 2, 2019 3,070 Views The Best Markets For Residential Property Investors 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News  Print This Post 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago About Author: Seth Welborn Home / Daily Dose / Overseas Real Estate Investors are Net Sellers Subscribe Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 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 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Hurricane Dorian Causing Havoc in the Atlantic Next: Fannie Mae Reports Shifts in Delinquency Rates Tagged with: Investment Overseas sellerslast_img read more

"Overseas Real Estate Investors are Net Sellers"

Retirees and Household Debt

first_img 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 Save Retirees and Household Debt About Author: Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: debt retirement Sales debt retirement Sales 2019-08-30 Seth Welborn Household debt among retired people has increased in recent years, according to data from Next Avenue. Around 60% of 65+ households carried debt in 2016, up markedly from about 42% in 1992. Credit card debt and student loans have increased as well.One of the most stressful debt type for older Americans is second mortgages. However, dollar for dollar, reverse mortgages are less stressful than regular mortgages.“Debt-related stress is a growing concern, given the growing amount of debt held by older adults as they enter retirement,” wrote the authors of Debt Stress and Mortgage Borrowing in Older Age: Implications for Economic Security in Retirement, a paper just presented at the Retirement and Disability Research Consortium, in Washington, D.C.Despite the increased risk of debt among older Americans, homebuilders are feeling positive about this segment of the market. Builder confidence in the single-family 55+ housing market remained solid in the second quarter with a reading of 71, edging down one point from the previous quarter due to softness in traffic of prospective buyers, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) released earlier this month.For the three index components of the 55+ single-family HMI, present sales remained even at 76, expected sales for the next six months increased one point to 78 and traffic of prospective buyers fell five points to 56.“Although the single-family HMI fell slightly, builder sentiment still remains strong for this segment of the market,” said Karen Schroeder, chair of NAHB’s 55+ Housing Industry Council and vice president of Mayberry Homes in East Lansing, Mich. “In fact, the reading of 71 is just one point off from the all-time high of 72 from the previous quarter. We expect the 55+ housing market to continue on a positive path moving forward.” Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily center_img in Daily Dose, Featured, Investment, News, Secondary Market 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 ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles August 30, 2019 1,123 Views Home / Daily Dose / Retirees and Household Debt The Best Markets For Residential Property Investors 2 days ago Previous: EAST COAST BRACES FOR DORIAN Next: The Week Ahead: Economic Conditions and Real Estate’s Role Subscribelast_img read more

"Retirees and Household Debt"

Finance Minister urged to defer changes to Credit Unions

first_img Pinterest By News Highland – June 10, 2010 Almost 10,000 appointments cancelled in Saolta Hospital Group this week NPHET ‘positive’ on easing restrictions – Donnelly Pinterest Google+ Facebook Newsx Adverts North West MEP Pat the Cope Gallagher is urging Finance Minister Brian Lenihan to consider deferring the introduction of proposed changes to the lending abilities of Credit Unions.At present, the Creduit Union must have 20% of it’s debts in reserve, but the new Central Bank Reform Bill includes a clause which would oblige the credit union to provide 100% in the event of a member defaulting on a rescheduled loan.Mr Gallagher says this will hamper the credit union’s flexibility.[podcast]http://www.highlandradio.com/wp-content/uploads/2010/06/cope530.mp3[/podcast] Google+ Three factors driving Donegal housing market – Robinson Previous articleThree men admit sex assaults on schoolgirlNext articleDerry residents lives being “made a misery” by gangs of youths News Highland center_img RELATED ARTICLESMORE FROM AUTHOR WhatsApp Facebook WhatsApp Twitter Guidelines for reopening of hospitality sector published Calls for maternity restrictions to be lifted at LUH LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Finance Minister urged to defer changes to Credit Unions Twitterlast_img read more

"Finance Minister urged to defer changes to Credit Unions"

Senior Minister rejects reports that pension will be cut in the next budget

first_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton News By News Highland – August 12, 2013 NPHET ‘positive’ on easing restrictions – Donnelly WhatsApp RELATED ARTICLESMORE FROM AUTHOR Senior Minister rejects reports that pension will be cut in the next budget Facebook Twitter Pinterest   A Senior Government Minister is dismissing reports that pensions will be cut in the next budget.The Agriculture Minister Simon Coveney was responding to newspaper reports that the Government is looking at cutting the old-age pension by around 10 euro a week, to make savings of up to 300 million euro.The government needs to meet a 3.1 billion euro budget day target.At present, more than half a- million pensioners receive payments of up to 230 euro’s a week, with a total cost to the government of around 5.3 billion euro a year.Minister Simon Coveney is reassuing pensioners that there are no plans to cut pensions at the moment:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/08/08covPENS.mp3[/podcast] Three factors driving Donegal housing market – Robinson center_img Google+ Twitter Previous articleBoyles win Dunlop national rally championship – comprehensive report insideNext articleTyrone woman faces up to 25 years in Peru jail if found guilty of drug smuggling News Highland Calls for maternity restrictions to be lifted at LUH Facebook Guidelines for reopening of hospitality sector published Google+ WhatsApp Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

"Senior Minister rejects reports that pension will be cut in the next budget"

Fianna Fail Councillors seek 3% cut in Letterkenny commercial rates

first_img Google+ Dail to vote later on extending emergency Covid powers Pinterest Letterkenny Town Council has instructed officials to write a 3% reduction in the commercial rate into the budget for next year, but only after Mayor Cllr Tadhg Culbert used his casting vote.The motion was moved by Cllr Dessie Larkin, and supported by his Fianna Fail colleagues.The other members in the chamber said they would like to see a decrease, but would need to see the figures in the budget book before deciding on a 3% reduction when the budget meeting takes place on December 22nd.The meeting was told each 1% drop in rates represents a €50,000 droop in income.Cllr Larkin says if the 3% decrease isn’t written into the estimates before the budget meeting, then programmes would have to be cut to secure a decrease.He’s surprised he didn’t secure wider support.[podcast]http://www.highlandradio.com/wp-content/uploads/2010/10/dlark830.mp3[/podcast] Dail hears questions over design, funding and operation of Mica redress scheme Google+ Pinterest WhatsApp Fianna Fail Councillors seek 3% cut in Letterkenny commercial rates RELATED ARTICLESMORE FROM AUTHOR Twitter Newsx Advertscenter_img By News Highland – October 12, 2010 Facebook Need for issues with Mica redress scheme to be addressed raised in Seanad also 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Facebook Minister McConalogue says he is working to improve fishing quota Twitter WhatsApp Man arrested in Derry on suspicion of drugs and criminal property offences released Previous articleCCTV cameras to be installed at litter blackspotsNext articleCouncil to withdraw water supply if bills aren’t paid News Highland last_img read more

"Fianna Fail Councillors seek 3% cut in Letterkenny commercial rates"

Ninth Count – Donegal North East – CONCLUDED

first_img Facebook HSE warns of ‘widespread cancellations’ of appointments next week By News Highland – February 27, 2011 Man arrested in Derry on suspicion of drugs and criminal property offences released Google+ Dail hears questions over design, funding and operation of Mica redress scheme RELATED ARTICLESMORE FROM AUTHOR Previous articleEighth Count – Donegal North EastNext articleMc Conalogue’s election completes Donegal’s election counts News Highland PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Twitter Facebook Dail to vote later on extending emergency Covid powers center_img Pinterest Google+ WhatsApp WhatsApp News Pinterest Twitter Ninth Count – Donegal North East – CONCLUDED Distribution of Joe Mc Hugh’s surplusJimmy Harte                      Lab      +1088              7219Charlie Mc Conalogue     FF     +731                   8976Mc Conalogue deemed elected without reaching the quota Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more

"Ninth Count – Donegal North East – CONCLUDED"

Seafood package is major boost to Donegal – McGinley

first_img WhatsApp Man arrested in Derry on suspicion of drugs and criminal property offences released Twitter PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Dail to vote later on extending emergency Covid powers Homepage BannerNews HSE warns of ‘widespread cancellations’ of appointments next week Google+ Twitter By admin – March 28, 2015 Facebook Man arrested on suspicion of drugs and criminal property offences in Derrycenter_img Google+ Facebook Previous articleDeputy Doherty to table questions identified in Údarás na Gaeltachta’s reportNext article454 drivers detected speeding during Operation ‘Slow Down’ admin RELATED ARTICLESMORE FROM AUTHOR Dail hears questions over design, funding and operation of Mica redress scheme Pinterest Pinterest Seafood package is major boost to Donegal – McGinley A Donegal South West TD is hoping that the latest development package for the Irish seafood sector announced by Minister Simon Coveney will see substantial investment in Donegal.241 million euro is being pumped into the industry by the government, backed by substantial private sector investment.Minister Coveney says it will provide capital to assist seafood enterprises to grow their production, and add value to seafood exports.Deputy Dinny Mc Ginley says Donegal is well placed to benefit:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/03/dinnysat.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApplast_img read more

"Seafood package is major boost to Donegal – McGinley"

PSNI attacked in Derry during security alert

first_img WhatsApp Google+ By admin – August 13, 2016 Homepage BannerNews Facebook WhatsApp Pinterest Gardai continue to investigate Kilmacrennan fire Google+ Facebook PSNI attacked in Derry during security alert Further drop in people receiving PUP in Donegal center_img Twitter Man arrested on suspicion of drugs and criminal property offences in Derry Previous articleGarry Jennings tests revised Mirage ahead of Ulster RallyNext articleMartin Harley’s good form continued with a double at Nottingham on Friday admin Twitter 75 positive cases of Covid confirmed in North Police in Derry were attacked last night during a security alert.The PSNI was alerted to a suspect device last night in Butcher Gate which was later declared a hoax and has now been removed for further examination.A Police spokesperson said that during the clearance operation a number of fireworks and petrol bombs were thrown at police by youths in the Fahan Street shortly after midnight.There were no injuries reported and the operation ended shortly before 2.30am this morning.The incident occurred just before The Apprentice Boys of Derry march was to take place in the city today. RELATED ARTICLESMORE FROM AUTHOR Pinterest Main Evening News, Sport and Obituaries Tuesday May 25th 365 additional cases of Covid-19 in Republic last_img read more

"PSNI attacked in Derry during security alert"

Nursing home outbreak : No risk to public

first_img Google+ Nursing home outbreak : No risk to public By News Highland – April 3, 2012 RELATED ARTICLESMORE FROM AUTHOR Further drop in people receiving PUP in Donegal 365 additional cases of Covid-19 in Republic Facebook Man arrested on suspicion of drugs and criminal property offences in Derry Google+ Main Evening News, Sport and Obituaries Tuesday May 25th WhatsApp Twittercenter_img Pinterest 75 positive cases of Covid confirmed in North Facebook Twitter WhatsApp The general public have no need to fear the current infection outbreak at Nazareth House, Fahan, a top health official has stressed.Dr Peter Wright, Director of Public Health at HSE North West, said while the body were still awaiting test results – which he said they expected this evening – it was likely to be a strain of flu, and only harmful to “risk groups” such as the elderly.He said full infection control procedures were in place at the home and the risk of the as yet unknown illness spreading to the public was “unlikely.”Speaking to Greg Hughes on today’s Shaun Doherty Show, Dr Wright also revealed only 11, not 27, residents were now showing signs of infection:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/04/wright.mp3[/podcast] Pinterest Previous articleGovernment will punish local authorities over non-payment of household chargeNext article“Donegal will not be lectured to on wind energy obligations” – O’Domhnaill News Highland News Gardai continue to investigate Kilmacrennan firelast_img read more

"Nursing home outbreak : No risk to public"