Limerick punter wins big from 20 cent wager

first_img TAGSLimerick City and CountyNews Email NewsCommunityLimerick punter wins big from 20 cent wagerBy Staff Reporter – August 21, 2019 1649 RELATED ARTICLESMORE FROM AUTHOR Advertisement WhatsApp Limerick on Covid watch list Facebook Is Aer Lingus taking flight from Shannon? Printcenter_img A normal Tuesday evening turned out to be one to remember for a County Limerick punter after their €0.20 EuroMillions wager landed. The tiny bet defied huge odds of 33,000/1 to return a handsome four-figure amount to the customer.The anonymous Limerick native called into their local BoyleSports shop in the county on Tuesday afternoon and placed some of their loose change on four numbers to be drawn from the EuroMillions Plus draw that evening.Sign up for the weekly Limerick Post newsletter Sign Up The numbers selected were 5, 12, 15 and 18. In a matter of minutes, all four numbers rolled out of the machine meaning the ambitious bet had come in, resulting in the punter walking off with a stunning €6,600.20 from the €0.20 investment.Sarah Kinsella, spokesperson for BoyleSports said, “We must send huge congratulations down to our Limerick customer who only required a small €0.20 investment to take us for €6,600.20. Their ambition deserves all the rewards and we hope they have a good time spending the winnings.” Linkedin Previous articleImmigration rules are posing threat to Shannondoc serviceNext articleLimerick Junior Soccer fixtures Postponed in honour of Dave Weldrick Staff Reporterhttp://www.limerickpost.ie Local backlash over Aer Lingus threat TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type! Twitter Housing 37 Compulsory Purchase Orders issued as council takes action on derelict sites Shannon Airport braced for a devastating blow last_img read more

Fannie Mae to Sell Foreclosed Vacant Properties to Detroit Land Bank

first_img Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago November 24, 2014 1,481 Views Related Articles Fannie Mae to Sell Foreclosed Vacant Properties to Detroit Land Bank Fannie Mae announced it has agreed to sell 44 foreclosed vacant properties to the Detroit Land Bank Authority as part of a partnership to stabilize neighborhoods in the greater Detroit area, which has seen a dramatic spike on the number of foreclosures in the last two years.According to the announcement, 26 of the properties are slated for rehabilitation and 18 of them are scheduled to be demolished. Fannie Mae will also contribute funds to the demolition of those 18 properties as part of the agreement.”Vacant properties are a strain on the neighborhood and can depress property values for other homeowners,” said P.J. McCarthy, Fannie Mae’s VP of alternative dispositions and real estate asset management. “We are happy to partner with the Detroit Land Bank Authority to help transform these properties into homes for local families, or new community spaces. It is our goal to continue to work closely with local organizations to help bring life back into these neighborhoods. We look forward to additional transactions with the Detroit Land Bank.”The agreement is line with the mission of the Detroit Neighborhood Stabilization Initiative (NSI), a pilot program developed jointly by the Federal Housing Finance Agency (FHFA), Freddie Mac, and Fannie Mae and announced by the FHFA in May 2014 as a way to stabilize neighborhoods in the areas most affected by the housing crisis. One of the goals outlined in the Detroit NSI is to match distressed properties with non-profit organizations that will develop or renovate those properties.”This deal with Fannie Mae is a very important piece of the Detroit Land Bank’s larger strategy to stabilize neighborhoods through our auction program, demolition, and side lot sales,” said Kevin Simowski, executive director of the Detroit Land Bank Authority. “The Detroit Land Bank is working with multiple financial institutions on similar deals so we can address every vacant house in our target neighborhoods.”In a program similar to the Detroit NSI, Fannie Mae has partnered with the Cuyahoga Land Bank in Ohio since 2009 to help stabilize neighborhoods in Cleveland. That partnership has resulted in returning nearly 1,000 distressed properties back to productive use. Some of the properties were converted into bigger yards for neighbors, new homes, or community gardens. in Daily Dose, Featured, Foreclosure, News Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Fannie Mae to Sell Foreclosed Vacant Properties to Detroit Land Bank 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. Previous: Sentinel Field Services Welcomes New IT Manager Next: FHFA Announces Strategic Plan for GSE Conservatorship, Regulation of FHL Banks 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 Data Provider Black Knight to Acquire Top of Mind 2 days ago Detroit Land Bank Authority Fannie Mae Foreclosures Neighborhood Stabilization Vacancies 2014-11-24 Brian Honea The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Tagged with: Detroit Land Bank Authority Fannie Mae Foreclosures Neighborhood Stabilization Vacancies About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily last_img read more

CFPB Dispels Myths Surrounding New Servicing Rules and QM Rule

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea CFPB Credit Union National Association Mortgage Servicing Rules QM Rule Richard Cordray 2016-02-23 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago The Consumer Financial Protection Bureau (CFPB)’s regulatory changes to the mortgage industry, namely the qualified mortgage (QM) rule and the new mortgage servicing rules adopted in January 2014, were met with a wave of criticism.Those criticisms were unfounded, according to CFPB Director Richard Cordray in an address given Tuesday at the Credit Union National Association (CUNA). The relationship between CUNA and the CFPB has been a rocky one, with CUNA claiming that credit unions should not fall under the CFPB’s oversight because they did not play a role in the 2008 financial crisis. Credit unions have complained that the CFPB’s oversight has resulted in higher compliance costs which in turn has resulted in fewer financial products available to their consumers.During his speech, Cordray defended the Bureau’s oversight of credit unions in addition to dispelling several myths surrounding the mortgage-related regulatory changes enacted by the CFPB since the Bureau’s inception four and a half years ago.In particular, he stated that the QM rule, or the “ability to repay” rule, was derided by many who called it the “quitting mortgage” rule and claimed that volume would plummet while mortgage costs would double. Critics of the QM rule claimed that no one would make any non-QM loans because of the risk of litigation, Cordray said. Still others claimed that smaller lenders would be unable to offer mortgage loans under the new regulatory environment.“We know change is hard and we understood the concerns, but at the Consumer Bureau, we never bought into the prophecies of doom and gloom,” Cordray said. “And as it turns out, we were right. The first set of mortgage rules have been in place for more than two years, and none of those pessimistic forecasts came to pass. In 2014, year one of our new rules, home purchase mortgages went up 4.6 percent, according to the authoritative HMDA (Home Mortgage Disclosure Act) data, and for jumbo loans, which are often non-QM loans, the increase was even higher. Even more relevant to this audience, the credit unions have thrived in this new and improved mortgage market. In fact, credit unions originated 39 percent more mortgage loans for home purchases in the first nine months of 2015 than the same period of 2014, according to the latest CUNA Mutual Group Report, which is prepared by CUNA’s own economists.”Richard CordrayCordray noted that the share of mortgage lending by credit unions is growing and that those institutions that have focused on compliance burdens have “overlooked the positive benefits of the rules.” Since the CFPB has build out a vigorous supervision program over non-bank lenders nad mortgage servicers, credit unions are being put on a level playing field for the first time, Cordray said.“Instead of attacking or resisting the CFPB, you should be supporting and speaking up for what it is doing for the best and most responsible financial institutions such as credit unions, that compete based on personal focus and strong customer service,” he said.Also, a “cottage industry” of lawyers and consultants expressed fear that widespread litigation against lenders would result from the passage of the QM rule, according to Cordray.“But now, more than two years later, so far as we can tell, not a single case has been brought against a mortgage lender for making a non-QM loan,” Cordray said.Click here to view Cordray’s entire speech. in Daily Dose, Featured, Government, News The Best Markets For Residential Property Investors 2 days ago Related Articles Share Save 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. The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Previous: Fed: Banks Beginning to Ease Lending Standards Next: Collection Records Show Many Who are Evicted are Repeat Offenders Demand Propels Home Prices Upward 2 days ago Tagged with: CFPB Credit Union National Association Mortgage Servicing Rules QM Rule Richard Cordray Demand Propels Home Prices Upward 2 days ago February 23, 2016 1,632 Views Home / Daily Dose / CFPB Dispels Myths Surrounding New Servicing Rules and QM Rule Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago CFPB Dispels Myths Surrounding New Servicing Rules and QM Rule The Best Markets For Residential Property Investors 2 days ago  Print This Postlast_img read more