Freddie Mac Announces Second Seasoned Loan Transaction

first_imgSign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Previous: Risk of Default Jumps in Q1, Q2 Next: Distressed Properties Contribute to Low Average Market Time Freddie Mac announced Tuesday it has had its second Freddie Mac Seasoned Loan Transaction (SLST) via auction of 1,262 seasoned re-performing loans (RPL) and moderate delinquent loans serviced by Select Portfolio Servicing, Inc. Through its advisors, Freddie Mac began marketing the transaction to potential bidders May 17, 2017, and is expected to settle in July 2017.The SLST securitization program is an important part of Freddie Mac’s seasoned loan offerings initiatives meant to reduce less liquid assets in its mortgage-related investments portfolio and shed credit and market risk via economically reasonable transactions. Similar to FHFA’s requirements applicable to the sale of nonperforming loans, the servicing of the loans will be in accordance to RPL requirements, which will prioritize borrower retention options in the event of a default and promote neighborhood stability.The transaction, which is a two-step structured sale of seasoned loans, will first require a competitive bidding process, subject to a securitization term sheet. Second, the purchaser of the loans will securitize them. Freddie Mac will guarantee and purchase the senior tranche of the securitization. The first loss subordinate tranche will initially be retained by the loan purchaser. A key requirement of this transaction is that the buyer of the loans, and therefore the subordinate tranche, be an investor with substantial experience in managing both performing and moderately delinquent mortgage loans as well as securitizing mortgage loans.The collateral is comprised of fixed- and step-rate modified seasoned loans. These loans were modified to assist borrowers who were at risk of foreclosure to help them keep their homes. The aggregate pool is geographically diverse and has a loan-to-value ratio of approximately 101 percent, based on Broker Price Opinions.Unpaid Principal Balance was reported at $291.6 million with a loan count of 1,262. BPO CLTV, weighted by BPO, was 101 and the average loan balance was 231.1. The winning bidder, Towd Point Master Funding, LLC, was followed by a bid in the high $70s. The Best Markets For Residential Property Investors 2 days ago June 20, 2017 1,333 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brianna Gilpin Share Save Demand Propels Home Prices Upward 2 days agocenter_img Freddie Mac 2017-06-20 Brianna Gilpin The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Freddie Mac Announces Second Seasoned Loan Transaction Freddie Mac Announces Second Seasoned Loan Transaction in Daily Dose, Featured, News, Secondary Market Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Freddie Mac Subscribelast_img read more

Credit Score Facelift

first_img Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News, Secondary Market Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: First Steps to Tax Reform Next: Loan File Data – Truth or Fiction? Share Save Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Experian Fannie Mae FICO Freddie Mac GSE TransUnion Urban Institute 2017-08-02 Brianna Gilpin Tagged with: Experian Fannie Mae FICO Freddie Mac GSE TransUnion Urban Institute Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Sign up for DS News Daily center_img Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Credit Score Facelift Data Provider Black Knight to Acquire Top of Mind 2 days ago August 2, 2017 1,582 Views Credit Score Facelift The Best Markets For Residential Property Investors 2 days ago About Author: Brianna Gilpin Governmental Measures Target Expanded Access to Affordable Housing 2 days ago As the years go by, technology progresses. New computers and cellphones, more efficient ways of handling paperwork—but what about credit reporting? According to the Urban Institute, who has written multiple times on tightness of mortgage credit, the mortgage market is taking on less than half of the risk it was in 2001 and less than a third of the risk in 2006. This can be attributed to the current credit score model, which is outdated.FICO 4, which was created in the late 1990s, is much less granular than the more recent models, FICO 9 and VantageScore 3, which is soon to be dated compared to VantageScore 4.0 coming out in the fall. FICO has versions 2, 3, 4, 5, 8, and now 9, so why is FICO 4 still the GSE requirement for originators to use?For example, student loan debt is included in installment debt in FICO 4 and first and second mortgages are seen as the same thing. The newer models also have a better wealth of information regarding student debt, which Urban Institute says has increased exponentially since the late 1990s. At the time, student loan debt was less than $100 billion, but as of Q1 2017 that number has risen to $1.34 trillion. In FICO 4 and VantageScore 3, student loans are looked at in a way that determines how it impacts the performance of other debt. Other reasons FICO 4 is outdated include issues concerning medical debt, and the consistency of information in reporting to more closely align the three models presently used—TransUnion FICO Classic 4, Equifax Beacon 5.0, and Experian/Fair Isaac risk Model v2.In a statement about how the GSEs use the FICO 4 family of models for screening and loan level pricing adjustments, the Federal Housing Finance Agency (FHFA) said in its 2016 Scorecard for the GSEs that they continued to work with Fannie and Freddie on implementing additional or alternative credit score models with the Enterprises’ businesses.“The Enterprises have considered other credit-score-related issues that can independently improve access to credit,” the statement said. “As described above, this includes the Enterprises work to enhance their automated underwriting systems to process loans for borrowers who do not have a history of traditional credit and, therefore, lack credit scores.”According to the Urban Institute, these credit scoring models that are used by the GSEs and lenders who sell to them need to be updated.“The updated models have already been developed; its time to conclude the ongoing studies and modernize the system,” Urban Institute said in the report. “Incorporating newer models into the mortgage origination process would allow the market to serve a greater number of creditworthy borrowers seeking to purchase a home.”Urban Institute isn’t the only one with this issue on their mind. Tuesday, Senators Tim Scott (R-South Carolina) and Mark Warner (D-Virginia) introduced bipartisan legislation that has received support from 20 consumer and industry groups to get the FHFA to create processes for credit scoring models to be validated and approved for use by the GSEs when they purchase mortgages. The current credit scoring model doesn’t;t take into account rent or utility payments and therefore hurts African-Americans, Latinos, and young people who otherwise would be approved.To see the full report, click here.To see the legislation press release, click here.last_img read more

Top 3 Barriers to Homeownership

first_imgHome / Daily Dose / Top 3 Barriers to Homeownership Servicers Navigate the Post-Pandemic World 2 days ago As home prices rise and tight inventory continues, the current market has made it more challenging for American’s to reach their goals of homeownership, especially for low-to-median-income borrowers and first-time homebuyers.According to the Urban Institute’s Housing Finance Policy Center, there are three significant barriers to homeownership: saving for a down payment, accessing mortgage credit, and housing affordability.In a recent report, Urban Institute breaks down these barriers, reporting data on the latest market trends of these obstacles.One of the biggest barriers are consumers thinking they need to put more down than lenders actually require. According to the report, results show that 53 percent of renters cite saving for a down payment as an obstacle to homeownership.Meanwhile, 80 percent of consumers are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent. Additionally, 15 percent assume that lenders require a 20 percent down payment, and 30 percent believe lenders expect a 20 percent down payment.Contrary to popular belief, borrowers are not putting down 20 percent. The report notes that the national median loan-to-value (LTV) ratio is 93 percent. With entities such as the Federal Housing Administration (FHA) and U.S. Department of Veterans Affairs (VA) offering lower down payment options than the GSEs, from 0 to 3.5 percent.Although the challenging path to homeownership isn’t based on downpayment alone—credit access is historically tight, especially in during the post-crisis period. Currently, the media credit score of a new purchase mortgage origination is 779, compared with pre-crisis media of 692.National home price affordability has declined due to the growing home price appreciation, and for a mortgage with 20 percent down, mortgage payments would make up 22 percent of the median borrower’s income.According to Urban Institute, if interest rates reach 4.75 percent, national affordability will return to historical average affordability.To view the full report, click here. Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Barriers to Homeownership HOUSING mortgage Urban Institute 2017-11-17 Nicole Casperson Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Headlines, Market Studies, Newscenter_img Sign up for DS News Daily About Author: Nicole Casperson November 17, 2017 2,242 Views Previous: Market Analysis After 25-Months of Tight Inventory Next: Keeping Up With Home Sales The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Barriers to Homeownership HOUSING mortgage Urban Institute Related Articles Top 3 Barriers to Homeownership The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Postlast_img read more

Wells Fargo Gives Homebuyers a LIFT

first_img The Best Markets For Residential Property Investors 2 days ago  Print This Post Wells Fargo Gives Homebuyers a LIFT Governmental Measures Target Expanded Access to Affordable Housing 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 Sign up for DS News Daily About Author: Radhika Ojha in Daily Dose, Featured, Investment, News Tagged with: community Homebuyers Homeownership Households NeighborWorks America Property real estate Wells Fargo community Homebuyers Homeownership Households NeighborWorks America Property real estate Wells Fargo 2019-02-06 Radhika Ojha Previous: Homes of “Steel” Next: How Aging in Place Is Restricting Young Homebuyers Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save From homebuyer education to down payment assistance, Wells Fargo’s NeighborhoodLIFT program (LIFT program) in association with NeighborWorks America has invested $442 million since it began the program in 2012, creating nearly 20,000 homeowners across the U.S.The bank said that through this investment it launched 67 LIFT programs to support sustainable housing, especially for low- and moderate-income buyers. “Owning a home is a primary driver of economic security and the cornerstone of the American Dream, yet access to affordable housing is a significant challenge in communities across the country,” said Tim Sloan, CEO and President, Wells Fargo.Looking at the impact of the program, an analysis by NeighborWorks America indicated that 61 percent of LIFT homeowners represented low- and moderate-income households and that among the LIFT buyers surveyed, 42 percent paid less for housing than they did previously.“NeighborhoodLIFT is a terrific collaborative success that makes homeownership achievable and sustainable,” said Kim Smith-Moore, National LIFT programs Manager, Wells Fargo. “The program has made a real difference in the lives of nearly 20,000 people and families—with the majority of them representing underserved, low- and moderate-income households—by helping them prepare to be successful homeowners.”The analysis also indicated that 80 percent of the people who bought a home through this program state that the homebuyer education service they received through LIFT would help them manage their finances. Wells Fargo said that more than 60,000 potential homebuyers had received housing counseling from a NeighborWorks network member engaged in LIFT programs. It also indicated that from the time it had started, the program has helped with the purchase of $2 billion in real estate.“The program is helping families meet the challenge of coming up with a sufficient down payment, and the required housing counseling education classes are proven to help buyers both prepare and achieve their goals of responsible homeownership,” said Marietta Rodriguez, President and CEO of NeighborWorks America. “For families who do not currently qualify, financial education and counseling are offered to help prepare for future homeownership.”The program, which offers homebuyer education, as well as down payment assistance grants in local communities, first began in Los Angeles and Atlanta. In 2018, with a commitment of $75 million, the program expanded to Atlanta, New Mexico, Boston, Kansas City, Chicago, Des Moines, Mississippi, Charlotte, and Orlando. Wells Fargo said that the program also added special parameters to enable hundreds of teachers, military service members, veterans, and first responders to achieve homeownership.Click here to learn more about the NeigbhorhoodLIFT program. Home / Daily Dose / Wells Fargo Gives Homebuyers a LIFT Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 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 February 6, 2019 2,424 Views last_img read more

The GSEs’ Uniform Mortgage-Backed Securities: Pros and Cons

first_img Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Empire State Zombie Property Problems Next: Fannie Mae and Freddie Mac: Nearing the End of Conservatorship? Sign up for DS News Daily Share Save Related Articles Tagged with: Fannie Mae Freddie Mac MBS Securities UMBS The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 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. As Fannie Mae and Freddie Mac prepare to launch a combined bond, questions arise about if the change will negatively or positively impact the mortgage market and affordability, Bloomberg reports. This change would “virtually eliminate the distinction between bonds issued by Fannie Mae and Freddie Mac, which guarantee nearly half of U.S. residential mortgages,” with the combined security intended to help improve market market liquidity and mitigate investor risk.However, while some believe this change will lower mortgage rates, critics argue the opposite may happen. The combined security is set to launch on June 3, as the last step in a “more than five-year process to unify a roughly $4.4 trillion pile of agency MBS currently split between the two government-sponsored enterprises.”“It already was the most liquid market in the world in many respects. What are they trying to fix, exactly?” Walt Schmidt, Head of Mortgage Strategies at FTN Financial in Chicago, told Bloomberg.According to experts, the final outcome can’t be said until the combined bonds launch.“To some extent June 3 will be a bit analogous to Y2K, you don’t know if everything will be successful until after the fact,” Jay Bacow, head of Morgan Stanley’s MBS research team, told Bloomberg. He added that “the mortgage market is second to Treasuries in terms of fixed-income liquidity and it’s challenging for us to see it losing that distinction under UMBS (Uniform Mortgage Backed Securities).”In April, Freddie Mac announced that its Investor Reporting Change Initiative (IRCI) would revise single-family investor reporting requirements beginning in May 2019, including moving the investor reporting cycle from mid-month to end-of-month and updating remittance cycles.The GSE states that it is making the changes to promote alignment and industry standards for the UMBS. In March, the Federal Housing Finance Agency (FHFA) issued a final rule that requires Fannie Mae and Freddie Mac to align programs, policies, and practices that affect the cash flows of “To-Be-Announced” (TBA)-eligible Mortgage-Backed Securities. The agency statement indicated that this is a major step forward.“This rule demonstrates FHFA’s commitment to the success of the UMBS, which will promote liquidity and efficiency in the secondary mortgage market,” said Joseph Otting, FHFA Acting Director.center_img Home / Daily Dose / The GSEs’ Uniform Mortgage-Backed Securities: Pros and Cons Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News, Secondary Market May 30, 2019 3,865 Views The GSEs’ Uniform Mortgage-Backed Securities: Pros and Cons Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fannie Mae Freddie Mac MBS Securities UMBS 2019-05-30 Seth Welborn Subscribelast_img read more

The Riskiness of Real Estate

first_img Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Investment, Market Studies, News The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago HOUSING Investment real estate Risk Volatility 2019-07-15 Seth Welborn Home / Daily Dose / The Riskiness of Real Estate Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: HOUSING Investment real estate Risk Volatility Servicers Navigate the Post-Pandemic World 2 days ago Related Articles July 15, 2019 939 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Share 1Save Servicers Navigate the Post-Pandemic World 2 days ago A single home is a risky asset, according to the 2019 Unison Volatility Index. The Index includes three major insights, noting that in addition to the riskiness of homes as an asset, also notes that home risk is mostly diversifiable. Additionally, the index states that homeowner portfolios are currently too risky, as portfolios have residential real estate risk exposures “far beyond the optimum, driven by the banality of very low down payment, high-leverage mortgages.”In general, a homeowner’s perception of their portfolio volatility is below the actual volatility measured by the index. Homeowners perceive their volatility to be around 9.0%, compared to actual volatility of 21%. Unison states that the  volatility of a home is on par with that of an equity index, “especially considering that a home buyer who borrows 95% of the value of their home is taking 20x leverage on this investment.” Additionally, homeowners have the majority of their equity tied up in their home. For the typical homeowner household, a majority of their $156.4k in net worth is locked up in $95.8k of home equity. Despite the benefits of diversifying a residential real estate portfolio almost the entire stock of the $27 trillion in residential real estate value is held as undiversified assets in individual homeowner household portfolios. Unision states that diversifying this risk away, an aggregate of $3 trillion of privately held, household annual portfolio volatility can be eliminated from the U.S. economy. In a given year, the worst 10% of homeowners will lose over 15% of the value of their home, or $32k for our typical U.S. household, but with large diversified portfolios of residential real estate, the worst 10% of these well-diversified portfolios can be expected to experience a loss of just over 2.0%.“Though it isn’t practical or desirable to fully absorb all residential real estate risk into a large diversified portfolio, this thought experiment demonstrates the amount of risk that could be reduced and value that could be unlocked if thoughtful financial engineering could facilitate the absorption of at least some of this homeowner household risk into a large institutional portfolio,” Unsion states. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Sign up for DS News Daily About Author: Seth Welborn 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. Previous: Suzy Lindblom Named Planet Home Lending COO Next: Hurricane Barry Update: Impact on Louisiana Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post The Riskiness of Real Estatelast_img read more

Mortgage’s Share of Household Debt

first_img Mortgage’s Share of Household Debt Home / Daily Dose / Mortgage’s Share of Household Debt in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 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. debt Delinquency household Mortggage 2019-08-15 Seth Welborn About Author: Seth Welborn Subscribe Previous: Fannie Mae Examines Economic and Housing Trends Next: AIME Partners With Homebot  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Savecenter_img According to the latest Quarterly Report on Household Debt and Credit from the Federal Reserve Bank of New York, total household debt increased by $192 billion (1.4%) to $13.86 trillion in the second quarter of 2019. This is the 20th consecutive quarter with an increase the Fed’s Center for Microeconomic Data (CMD) notes.Specifically, the CMD report states that Mortgage balances—the largest component of household debt—rose by $162 billion in Q2 2019 to $9.4 trillion slightly higher than the previous high of $9.3 trillion from the Q3 2008. Meanwhile, non-housing balances increased by $37 billion in the second quarter, with a $17 billion increase in auto loan balances and a $20 billion increase in credit card balances offsetting an $8 billion decline in student loan balances.“While nominal mortgage balances are now slightly above the previous peak seen in the third quarter of 2008, mortgage delinquencies and the average credit profile of mortgage borrowers have continued to improve,” said Wilbert van der Klaauw, SVP at the New York Fed. “The data suggest a more nuanced picture for other forms of household debt, with credit card delinquency rates continuing to rise.”In a blog post, The New York Fed took a look at recent changes in delinquency. According to the Fed, severely derogatory balances are now half of all delinquencies.“Although the housing crisis produced a huge increase in severely derogatory mortgages, that effect has dissipated as the foreclosure pipeline has cleared out in even the slowest states,” the Fed states. “Today, auto and especially student loan balances are the interesting components: in the second quarter of this year, the outstanding severely derogatory balance is comprised of 35 percent defaulted student loans, which have grown stunningly since 2012.”Student loans have overtaken mortgage debt in severe derogatories, while auto loans are now 21 percent of the outstanding severely derogatory balance, a larger share than what we’ve seen historically as the auto loan market has expanded and auto loan delinquencies have been increasing for subprime borrowers in the past five years. Related Articles The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago August 15, 2019 1,549 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: debt Delinquency household Mortggagelast_img read more

The number of gardaí in Donegal falls 17 per cent over the last six…

first_img Calls for maternity restrictions to be lifted at LUH The number of gardaí in Donegal falls 17 per cent over the last six years By News Highland – April 15, 2014 Facebook Facebook WhatsApp Pinterest Twitter News The number of gardaí in Donegal fell 17 per cent over the last six years.The figures were revealed by Minister Alan Shatter after Pearse Doherty TD asked him a Parliamentary Question on the issue.In 2008, there were 488 gardaí in the county: by the end of 2011 that had fallen to 444 and, at the end of February 2014, the figure stood at 407.Local election candidate, John Sheamais O’Fearraigh says there is a definite link between the fall in garda numbers and the rise in robberies here:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/04/johnf.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApp Three factors driving Donegal housing market – Robinson center_img Pinterest Twitter Previous articleMan accused of building the bomb used in the Omagh atrocity arrestedNext articleUnite says time is running out to save Lough Swilly bus jobs News Highland Google+ 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 NPHET ‘positive’ on easing restrictions – Donnelly Google+ Guidelines for reopening of hospitality sector published RELATED ARTICLESMORE FROM AUTHORlast_img read more

Fourteen to face trial on Raytheon charges

first_img Twitter Three factors driving Donegal housing market – Robinson Pinterest News Google+ By News Highland – December 15, 2009 Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApp Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Facebook Twitter Guidelines for reopening of hospitality sector published center_img Facebook Pinterest RELATED ARTICLESMORE FROM AUTHOR Fourteen people, nine women and five men, have been returned for trial to Derry Crown Court charged in connection with a protest at the Raytheon arms manufacturing plant in Derry in January.The fourteen with addresses in Donegal, Derry, and Leitrim face an array of charges including criminal damage, assault on police, obstructing police and impersonating a police officer all of which were said to have occurred on January 12 last.When one of the accused, Brian McFadden of Little Diamond was being charged he interrupted and asked why a police officer who allegedly struck a woman during the protest was not in court with them.District Judge Mr.Barney McElholm said that if anyone was not happy with the way the PSNI or the PPS had handled the case there were methods of complaining. It was accepted that there was a case to answer and all of the defendants said they did not wish to call any witnesses or make any statement at this time.One of the defence solicitors Mr. Paddy MacDermott, said that his client’s defence would be that they were defending other people in the Middle Eastern conflict and trying to prevent war crimes. He applied for two counsel due to the complex legal arguments.The District Judge said there were great public interest issues and legal argument so he granted all the legal teams two counsel.All 14 are due to appear at Derry Crown Court on January 6. Calls for maternity restrictions to be lifted at LUH Google+ Fourteen to face trial on Raytheon charges LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Previous articleTaoiseach to visit Buncrana this eveningNext articleCalls for former minister to face ‘Lost at Sea’ questions News Highland last_img read more

Four temporary classrooms approved for St Eunan’s College

first_img Twitter Main Evening News, Sport and Obituaries Tuesday May 25th RELATED ARTICLESMORE FROM AUTHOR Pinterest Twitter Four new pre-fab classrooms are to be provided for St Eunan’s College in Letterkenny. The new rooms are intended to ease pressure on the school, which has applied for a comprehensive extension under the Capital Building Programme.This year, the college confirmed it is limiting its new student intake from September, an indication of the lack of space in the college at present.Deputy Niall Blaney says today’s ammouncement should not affect the application for a major extension. 365 additional cases of Covid-19 in Republic Facebook Further drop in people receiving PUP in Donegal By News Highland – April 26, 2010 Google+ Four temporary classrooms approved for St Eunan’s Collegecenter_img Pinterest Facebook Man arrested on suspicion of drugs and criminal property offences in Derry Google+ News Previous articleIBAL criticises state of approach roadsNext articleFour new members appointed to Donegal VEC News Highland 75 positive cases of Covid confirmed in North WhatsApp WhatsApp Gardai continue to investigate Kilmacrennan firelast_img read more