Home Purchase Loans Are Becoming Less Risky

first_img Credit Access Index Default Risk HCAI Home Purchase Loans Mortgage Credit Access Urban Institute Housing Policy Finance Center 2016-01-12 Brian Honea  Print This Post Home / Daily Dose / Home Purchase Loans Are Becoming Less Risky Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago January 12, 2016 1,329 Views Previous: Fannie Mae Offers Largest Delinquent Loan Sale to Date Next: Home Prices Slip on the Oil Slide Demand Propels Home Prices Upward 2 days ago Tagged with: Credit Access Index Default Risk HCAI Home Purchase Loans Mortgage Credit Access Urban Institute Housing Policy Finance Center Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago 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. About Author: Brian Honea According to the Urban Institute Housing Policy Finance Center’s latest credit availability index (HCAI), which is a measure of the percentage of home purchase loans that are likely to default, home purchase loans became less risky over the third quarter of 2015 as lenders have become less willing to tolerate defaults, continuing a trend from over the last four quarters.The HCAI dropped from 5.3 in Q2 down to 5.0 in Q3 2015, drawing closer to the record low of 4.6 from the third quarter of 2013. A lower HCAI indicates that lenders have imposed tighter lending standards due to an unwillingness to tolerate defaults, and therefore mortgage credit access is tighter; a higher HCAI indicates that lenders are willing to tolerate more risks and have looser lending standards, thus making mortgage credit more available.Mortgage credit availability in the GSE channel, which includes Fannie Mae and Freddie Mac, has expanded at a faster rate than the government (FVR) channel recently. Since the second quarter of 2011, when the downward trend of mortgage credit availability in the GSE channel reversed, the total risk taken in that channel has leaped from 1.4 percent to 2.1 percent—an increase of 50 percent.For the government channel (FVR), comprised of the Federal Housing Administration, the Department of Veterans Affairs, and the Department of Agriculture Rural Development Program, mortgage credit availability has gone in the opposite direction. The risk of default that the government loan channel was willing to take on was reported at 9.8 percent in Q3 2015. While still slightly above its record low of 9.6 set in 2013, the last four quarters have seen a decrease in credit availability in the FVR channel.The total default risk for the portfolio and private-label securities (PP) channel for Q3 2015, which was reported at 2.4 percent, matching its record low, although this market took much higher product risk than the FVR and GSE channels during the housing bubble.The decline in overall HCAI from Q2 to Q3 from 5.3 to 5.0 means that mortgage credit quality has improved. Two reasons are responsible for this, according to Housing Policy Finance Center senior research associate Wei Li.“On the supply side, lenders could be taking less default risk than the previous quarter when they originate loans, either through stricter underwriting standards or through offering less risky product,” Li said. “On the demand side, there could be more high-quality borrowers applying for mortgages than low-quality borrowers; or same group of borrowers demand more safe loan products than risky products.”Overall, researchers determined based on the HCAI that mortgage credit availability is very tight.“Significant space remains to safely expand the credit box,” the report stated. “If the current default risk was doubled across all channels, risk would still be well within the precrisis standard of 12.5 percent in 2001–03 for the whole mortgage market.”Click here to view the methodology behind the HCAI.Click here to view a FAQ on the HCAI. Home Purchase Loans Are Becoming Less Risky The Best Markets For Residential Property Investors 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Savelast_img read more

Cleveland Federal Reserve: Be Careful with Rate Hikes

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago September 8, 2017 1,228 Views Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Fed of Cleveland Interest rates The President of the Cleveland Federal Reserve, Loretta Mester, cautions the central bank’s policy on rate hikes, according to a report by CNBC.One of the Federal Reserve’s mandates is to keep inflation hovering around the 2 percent mark—it is currently sitting at 1.4 percent, just below their goal. As a result, the Fed has been hesitant to raise interest rates, but Mester believes this to be a mistake, due to the fact that low inflation might delay purchases and increase debt.According the Mester in prepared remarks published on the Cleveland Federal Reserve’s website, monetary policy “takes some time … to work itself through the economy, we can’t wait until these policy goals are fully met to act. We need to assess what incoming information is telling us about where the economy is going over the medium run, and the risks around that medium-run outlook, and set policy appropriately.”Mester however does agree with the central bank’s viewpoint that the economy is normalizing, but she did issue a word of advice on the proper course to take concerning monetary policy.“Policy needs to remain systematic in how it reacts to incoming information relevant to the outlook, but not be dogmatic should the outlook indeed materially change.”In terms of the overall economic outlook, Mester links oil prices and the “modest” depreciation of the dollar in the beginning of 2017 to increased manufacturing, adding “business sentiment remains at high levels and supportive of continued spending, but some of my business contacts report that mounting political and fiscal policy uncertainty has begun to temper some of that optimism.”You can read her full statement here. Fed of Cleveland Interest rates 2017-09-08 Joey Pizzolato Share Save Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] Demand Propels Home Prices Upward 2 days ago Subscribe Cleveland Federal Reserve: Be Careful with Rate Hikes Related Articles Previous: NOLA Mismanaging HUD Funds Next: Freddie Mac: Unaffordability Everywherecenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Joey Pizzolato Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, Headlines, News Demand Propels Home Prices Upward 2 days ago  Print This Post Home / Daily Dose / Cleveland Federal Reserve: Be Careful with Rate Hikes The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Quicken Rocketing Toward E-Lending Expansion

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Rachel Williams attended Texas Christian University (TCU), where she graduated with Magna Cum Laude with a dual Bachelor of Arts in English and History. Williams is a member of Phi Beta Kappa, widely recognized as the nation’s most prestigious honor society. Subsequent to graduating from TCU, Williams joined the Five Star Institute as an editorial intern, advancing to staff writer, associate editor and is currently the editor in chief and head of corporate communications. She has over a decade of editorial experience with a primary focus on the U.S. residential mortgage industry and financial markets. Williams resides in Dallas, Texas with her husband. She can be reached at [email protected] About Author: Rachel Williams in Daily Dose, Featured, Headlines The Best Markets For Residential Property Investors 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 Demand Propels Home Prices Upward 2 days ago data HOUSING mortgage quickenloans 2017-10-17 rachelwilliams October 17, 2017 2,081 Views Quicken Loans, the company that first made waves on the national stage for its online mortgage platform during the 2016 Super Bowl ad, announced to that it has struck a partnership that will expand online mortgage lending.The deal will allow the nonbank lender to utilize technology provided by eOriginal—a provider of digital transaction management solutions—to incorporate an electronic note into Rocket Mortgage and store it as an authoritative copy through the eVault. An authoritative copy is considered the electronic original copy.“Quicken Loans has worked diligently to provide clients a completely online mortgage experience from application to closing. The next step in this evolution is to digitally move the note to the industry stakeholders who need it,” said Jay Farner, Quicken Loans CEO. “Taking the mortgage process online provides home buyers with accuracy, clarity and transparency–in addition to speed and convenience.”According to data released by NerdWallet, Quicken was recently ranked the third most commonly used mortgage lender nationwide, with Wells Fargo coming in first and Bank of America coming in third.“eOriginal’s Digital Mortgage technology provides Quicken Loans the ability to create an industry-leading SMARTDoc® eNote for an eClosing, followed by eVaulting capabilities to support servicing of the mortgage and the accelerated movement of the asset to the secondary market,” said eOriginal General Manager of Digital Mortgage Simon Moir. Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily center_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 Tagged with: data HOUSING mortgage quickenloans Related Articles Home / Daily Dose / Quicken Rocketing Toward E-Lending Expansion The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Acting Comptroller of the Currency Addresses Amendments to HMDA Next: Mortgage Veteran Robert Caruso Announces Retirement From ServiceLink  Print This Post Quicken Rocketing Toward E-Lending Expansion Subscribelast_img read more

RMBS in 2019

first_imgHome / Daily Dose / RMBS in 2019 The issuance of residential mortgage-backed securities (RMBS) is likely to end 2018 with an increase of 63 percent over 2017, according to an outlook on RMBS released by Kroll Bond Ratings Agency (KBRA).The outlook reviewed and presented updates to issuance volume trends and forecasts, spreads, and collateral performance trends. It also recapped some of the highlights of the 2018 RMBS market and the themes that would shape it over the next year.The report pegged the Q4 RMBS volume in excess of $10 billion, down from a post-crisis high of over $15 billion in the second quarter of the year, “but still well above recent years’ volume.”The report indicated that if the U.S. GDP was to grow at the steady pace it has this year, until July 2019, the year could see “another robust issuance year in 2019.” However, factors such as higher interest rates, home price moderation, and widening spreads that have been experienced by the market in the last few weeks are likely headwinds that might pull down the performance of RMBS next year, the report revealed.”Given the potential downside risks, we aren’t forecasting issuance growth in 2019, but believe issuance will be comparable to 2018 levels,” KBRA said in the outlook.Breaking up RMBS issuances, KBRA said that while each issuance segment grew year over year, the gains were primarily driven by prime transaction issuance, which grew by $10.7 billion, nearly doubling from 2017. Non-prime issuance also added to the gains and was expected to end the year at just under $10 billion. Credit Risk Transfer (CRT) issuance remained mostly flat at around $15 billion, KBRA reported, showing a 5 percent increase over last year.Though Prime issuance doubled in size, nearly 75 percent of the increase was attributable to Prime sub-types which had contributed only 20 percent of 2017’s Prime issuance volume. These sub-types include agency-eligible loans (both investor occupancy and noninvestor occupancy) and expanded prime loans.KBRA projected expanded prime sub-types to have the most upside for issuance volume in 2019. However, the rating agency said that it also expected them to be affected by similar dynamics that have been impacting non-prime issuance.The outlook also expected non-prime issuance to expand modestly in 2019 due to a number of factors that would increase the origination volume and related issuance volume. “In particular, increased attention to the space as compared with the past few years of relatively high coupon lending and tighter spreads have caused originators tofocus on alternative loan product offerings, process, and technology to increase profitability,” KBRA projected. “Positive early performance of Non-Prime loans and a favorable economic environment have also encouraged originators to continue expanding products, increasing loan supply.Click here to read the detailed outlook on RMBS. The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, News, Secondary Market Tagged with: Agency Issuance Kroll Bond Rating loans mortgage Non-agency Non-Prime Prime Residential RMBS Securities 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. Demand Propels Home Prices Upward 2 days ago Previous: The Default Rates for GSE Loans Next: The Housing Market in the Year Ahead The Best Markets For Residential Property Investors 2 days ago Related Articles Agency Issuance Kroll Bond Rating loans mortgage Non-agency Non-Prime Prime Residential RMBS Securities 2018-12-03 Radhika Ojha December 3, 2018 3,163 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Radhika Ojhacenter_img Demand Propels Home Prices Upward 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 Share Save Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post RMBS in 2019 Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Subscribelast_img read more

The Benefits of Opportunity Zones

first_img California is facing a housing shortage and affordability crisis, but Opportunity Zones may serve to alleviate these concerns. In a post on Forbes, Ridaa Murad, founder of BREAKFORM | RE. and Co-Founder of BEDROCK | Group discusses the pros of investing in any of the 879 federally designated Opportunity Zones (the most in the country).According to a report from ATTOM Data Solutions earlier this year, homes in Opportunity Zones are cheaper than the average home.The report found that roughly 80% of these zones had median home prices in the Q2 2019 that were below the national figure of $266,000, and that half had median prices of less than $150,000.Additionally, compared to the surrounding regions, median Q2 2019 prices in about one in four zones were less than 50% of the typical value in the Metropolitan Statistical Areas where they exist. Within Opportunity Zones, 86% had median Q2 2019 sales prices that were less than the median sales price for the surrounding Metropolitan Statistical Area (MSA). Roughly 26% had median sales prices less than half the figure for the MSA. Only 14% had median sales prices that were equal to or above the median sales price in the MSA.“As investors, we always want to maximize our return, and as humans, we want to do good and make a positive impact in our communities,” Murad said. “Opportunity zones give investors the chance to do well financially while also contributing to the betterment of local communities that desperately need economic improvement.”Murad covered the social impact of opportunity zone investment, including a long-term hold strategy associated with Opportunity Zones, as the investment must be held for a period of 10 years. Additionally, Zones force developers to secure land for communities where there is a demand, and the alternative building processes are cost-friendlier.Another bonus for investors and homebuyers is that the nontaxed exit gains eliminates price-gauging.“When the profit isn’t taxed, it removes the need to squeeze every last penny out of the buyer on the front end,” Murad said. “The opportunity exists to create a business that doesn’t have to price-gauge because back-end profits remain intact.”Find Murad’s complete commentary here. The Benefits of Opportunity Zones Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Investment, News 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 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / The Benefits of Opportunity Zones About Author: Seth Welborn Demand Propels Home Prices Upward 2 days agocenter_img Previous: Analytics Tool Launched by Mortgage Company Next: Freddie Mac Finalizes $369M NPL Sale California Investment Opportunity Zones 2019-11-07 Seth Welborn Share Save Tagged with: California Investment Opportunity Zones The Week Ahead: Nearing the Forbearance Exit 2 days ago 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. Related Articles Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily November 7, 2019 955 Views last_img read more

Seaside National Bank Selects BSI Loan Servicing Tech

first_imgHome / Featured / Seaside National Bank Selects BSI Loan Servicing Tech Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Tagged with: BSI Seaside Servicers Navigate the Post-Pandemic World 2 days ago in Featured, Headlines, News Related Articles Share Save Seaside National Bank Selects BSI Loan Servicing Tech Demand Propels Home Prices Upward 2 days ago Previous: Hyland Acquires Learning Machine Next: The ‘Three Cs’ of a Balanced Mortgage Servicing Industry Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe BSI Seaside 2020-02-07 Seth Welborncenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post BSI Financial Services, a mortgage-centric financial services company, announced that Seaside National Bank has chosen its technology to enhance its loan servicing delivery. Seaside will use BSI Financial Services’ loan servicing platform powered by BSI ASSET360TM, an advanced analytics and reporting technology that provides daily quality assurance reporting on 100 percent of the loans in Seaside’s portfolio.Seaside is a nationally chartered commercial bank headquartered in Orlando, Florida with offices throughout Florida. The company provides a complete array of private banking and commercial products and services as well as wealth management and insurance solutions.“We’re thrilled to be providing Seaside’s customers reliable and responsive service enabled by our Asset360 loan servicing technology while also giving the bank daily, real-time visibility into loan status and performance,” said Allen Price, BSI Financial’s senior vice president for sales and business development. “We look forward to a long and successful relationship.”BSI ASSET360 reviews each loan using more than 600 business rules developed in collaboration with clients, investors and regulators. Loan exceptions are immediately reported to servicing teams for research and remediation. According to company officials, the technology has demonstrated cost savings and loan quality assurance improvements that have yielded significant reductions in error rates in loan boarding and in borrower and regulatory complaints.“We needed a boutique sub-servicer that has a great reputation and is willing to grow with us,” said David Robinson, Seaside’s chief credit officer. “We found that in BSI Financial and its advanced reporting technology, which provides us with complete life-of-loan management as well as the ability to lower costs and stay compliant.” 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. About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago February 7, 2020 1,652 Views Demand Propels Home Prices Upward 2 days agolast_img read more

Delinquencies Could ‘Jump Significantly’ with Rising Unemployment

first_imgAt the start of the year, just 3.5% of mortgage loans were in some stage of delinquency, according to the CoreLogic Loan Performance Insight Report released Tuesday. That’s down from 4.0% a year earlier, marking a 21-year low for the report. Just 1.2% of loans were seriously delinquent—90 or more days past due—which is down slightly from 1.4% last year and the lowest level recorded since April 2000. The percentage of loans in foreclosure was 0.4% in January, matching the rate from a year ago. Early-stage delinquencies—those between 30 and 59 days past due—accounted for 1.7% of loans, which is down slightly from 1.9% a year earlier. After noting that “home loan delinquency and foreclosure rates were the lowest in a generation before the COVID-19 pandemic hit,” Frank Nothaft, Chief Economist at CoreLogic, went on to say, “recession-induced job losses will fuel delinquencies.”Recent CoreLogic research found that homeowners have an average of $177,000 in home equity. This equity and the forbearance programs available to homeowners will serve as a “buffer,” preventing “wide-spread foreclosures,” Nothaft said. However, even with these buffers, Frank Martell, President and CEO of CoreLogic, expects “delinquency rates to jump significantly throughout the year as the economic toll from COVID-19 becomes more evident.” He predicts regions with economies steeped in energy, transportation, and media and entertainment will fare the worst. “The ultimate extent of the higher delinquencies will depend on how quickly the broader economy opens up again and employment levels rebound – both of these factors are uncertain at this time,” Martell said. Meanwhile, Black Knight Financial Services said in its latest Mortgage Monitor Report that if unemployment reaches 15%, 3.5 million more mortgages could fall into delinquency if the relationship between unemployment and delinquency follows a similar pattern as the Great Recession. Luckily, delinquency rates across the nation were low leading into the crisis. The state with the highest percentage of delinquent loans was Mississippi with a rate of 6.9%. The state with the lowest delinquency rate was Colorado with a rate of 1.5%No state experienced an increase of serious delinquencies in January. The highest serious delinquency rates were recorded in Mississippi and New York, where 2.4% of loans were seriously delinquent in January. Louisiana trailed them with a 2.3% serious delinquency rate. The list of top 10 states for serious delinquencies were rounded out by Maine, Maryland, New Jersey, Alabama, Arkansas, Connecticut, and Delaware, all of which had rates of 1.8% or 1.7%. When comparing the 10 largest metros in the nation, CoreLogic found that Miami had the highest overall delinquency rate at 4.8%, while San Francisco ranked lowest at 1.1%. In terms of serious delinquencies, 11 major metros experienced an increase, while 43 metros experienced no change in their serious delinquency rate. At a national level, the share of loans that transitioned from current to 30 days past due was 0.8% in January. Meanwhile, 14.9% of loans that started out 30 days past due in January transitioned to 60 days past due, and 24.9% of those that were 60 days past due transitioned on to being 90 days past due or in serious delinquency status.   in Daily Dose, Featured, Foreclosure, News Sign up for DS News Daily  Print This Post April 14, 2020 2,430 Views Demand Propels Home Prices Upward 2 days ago About Author: Krista F. Brock Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Delinqiency Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Delinqiency 2020-04-14 Mike Albanese The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img Servicers Navigate the Post-Pandemic World 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 Related Articles Subscribe Share Save Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Delinquencies Could ‘Jump Significantly’ with Rising Unemployment Previous: 3.5 Million New Mortgage Delinquencies Possible Next: GSEs Report 4.42M Preventive Actions Since Conservatorship Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Delinquencies Could ‘Jump Significantly’ with Rising Unemployment Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Security operation continues after Derry explosion

first_img Dail to vote later on extending emergency Covid powers RELATED ARTICLESMORE FROM AUTHOR Pinterest WhatsApp Previous articleBrad?! What happened your face?Next articleMan escapes prison after admitting abusing police at Altnagelvin Hospital admin Twitter HSE warns of ‘widespread cancellations’ of appointments next week A security operation is continuing in Derry following an explosion in Crawford Square last night.The blast was reported just before 11 o’clock. No-one was injured, and [olice and army experts remain at the scene while another suspicious object is examined.A number of residents have been moved from their homes. Facebook Man arrested on suspicion of drugs and criminal property offences in Derry 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 center_img Pinterest WhatsApp Homepage BannerNews Google+ Facebook Security operation continues after Derry explosion Twitter Dail hears questions over design, funding and operation of Mica redress scheme Google+ By admin – April 28, 2015 last_img read more

New market opening up to inshore fishermen in Inishowen

first_img Twitter WhatsApp Google+ Watch: The Nine Til Noon Show LIVE HSE warns of ‘widespread cancellations’ of appointments next week Facebook Pinterest WhatsApp By News Highland – November 9, 2012 Google+ New market opening up to inshore fishermen in Inishowen Twittercenter_img Facebook News Previous articleSF want Alcorn to withdraw Udaras nominationNext articleMc Guinness expected to take Celtic job while staying with Donegal News Highland RELATED ARTICLESMORE FROM AUTHOR Dail hears questions over design, funding and operation of Mica redress scheme Man arrested in Derry on suspicion of drugs and criminal property offences released Dail to vote later on extending emergency Covid powers Pinterest Inshore fishermen in Inishowen mayhave a new market opened to them if an agreement reached last night is given EU council and parliament approval.Minister Simon Coveney has agreed terms with the commission to open up the Lesser Spotted Dogfish market from January 1st, subject to certain conditions.Deputy Joe Mc Hugh says the species, known locally as ‘sand dog’, is not edible to humans but is used extensively as bait.He’s confident the agreement will be ratified quickly………..[podcast]http://www.highlandradio.com/wp-content/uploads/2012/11/zzjoemc.mp3[/podcast] PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegallast_img read more

Police appeal for information after man produces knife in bar

first_img Google+ Police appeal for information after man produces knife in bar WhatsApp Facebook Pinterest PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal WhatsApp HSE warns of ‘widespread cancellations’ of appointments next week Dail hears questions over design, funding and operation of Mica redress scheme By admin – March 26, 2016 Man arrested in Derry on suspicion of drugs and criminal property offences released Twittercenter_img Previous articleQuigley wins tenth fight with another knockoutNext articleIrish Citizens Army remembered in Donegal as Starry Plough flag flies for 2016 admin Police are appealing for information following an incident that occurred in commercial premises in the Spencer Road area of Derry.The incident happened on the evening of Wednesday 16 March but details are only emerging now.At approximately 7.55pm, police received a report that a man had entered a bar and threatened another man. It is reported that the man pulled out a knife before he left and got into a blue car as a passenger.No-one was injured in the incident.Just after 8.20pm, police arrested a 42 year old man and a 21 year old man in the Manorwood area on suspicion of possession of an offensive weapon.The 21 year old man was also arrested on suspicion of obstructing police. A knife was found in the car that they were in and it was seized. The two men were later released on police bail pending further enquiries.Any witnesses to this incident are asked to contact police at Strand Road Police Station on the non-emergency number 101. Facebook Dail to vote later on extending emergency Covid powers Man arrested on suspicion of drugs and criminal property offences in Derry Twitter Homepage BannerNews Pinterest Google+ RELATED ARTICLESMORE FROM AUTHORlast_img read more