31 May

First Multi-Servicer NPL Sale Announced by Freddie Mac

first_imgSign up for DS News Daily Freddie Mac multi-servicer non-performing loan sale 2016-09-09 Kendall Baer Home / Daily Dose / First Multi-Servicer NPL Sale Announced by Freddie Mac Freddie Mac announced a $1.1 billion non-performing loan transaction, an auction of seasoned non-performing residential whole loans held in Freddie Mac’s mortgage investment portfolio, according to a recent report from the GSE. The non-performing loans are currently serviced by either Wells Fargo Bank, N.A. or Ditech Financial LLC.The report says that the non-performing loans are being marketed via five pools. These pools include four Standard Pool Offerings as well as one Extended Timeline Pool Offering which targets participation by smaller investors, including non-profits and minority and women-owned businesses.Freddie Mac states that the bids are due from qualified bidders by September 29, 2016 for the Standard Pool Offerings, and the bids are due by October 13, 2016 for the Extended Timeline Pool Offering. Freddie Mac says that these sales are expected to settle in December 2016.Freddie Mac makes note that all eligible bidders, including private investors, minority and women-owned businesses, non-profits and neighborhood advocacy funds are encouraged to bid. The also share that the winning bidder will be determined on the basis of economics, subject to meeting Freddie Mac’s internal reserve levels. The GSE also says that in order to participate, all potential bidders are required to be approved by Freddie Mac to access the secure data room containing information about the non-performing loans and to be able to bid on the non-performing loan pool.Advisors to Freddie Mac on this transaction are Wells Fargo Securities, LLC as well as First Financial Network, Inc., which is a woman-owned business.Through the first half of 2016, Freddie Mac reports that it has sold $5.3 billion in non-performing loans as part of its strategy to reduce the less liquid assets in its mortgage investment portfolio. Requirements guiding the servicing of these transactions are focused on improving borrower outcomes and stabilizing communities. Additionally, Freddie Mac notes that in April 2016, Freddie Mac’s regulator, the Federal Housing Finance Agency, announced enhanced requirements for non-performing loan sales. First Multi-Servicer NPL Sale Announced by Freddie Mac in Daily Dose, Featured, News The Best Markets For Residential Property Investors 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Tagged with: Freddie Mac multi-servicer non-performing loan sale About Author: Kendall Baer The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Previous: Agencies Take a Hard Look at Banking Activities Next: The Week Ahead: Five Star Conference Gathers Industry Leaders Data Provider Black Knight to Acquire Top of Mind 2 days ago September 9, 2016 1,507 Views Subscribe  Print This Post 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 Servicers Navigate the Post-Pandemic World 2 days ago Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

31 May

The Week Ahead: What Will We See in the Federal Budget?

first_imgSubscribe Sign up for DS News Daily On Wednesday, the U.S. Treasury will release its Federal Budget Statement. Each month, the Bureau of Fiscal Service releases a report of the monthly receipts/outlays and deficits/surplus of the United States.This comes on the heels of President Trump’s budget cut announcement in March. The president’s “America First” 2018 budget blueprint announced plans to reduce spending  in nearly every department, including the Department of Housing and Urban Development, and move the difference into defense spending. HUD specifically will see a $6.2 billion budget cut on 2018, a 13.2 percent decrease from the 2017 annualized CR level.The discretionary budget plan released today by President Trump aligns with Agency plans to provide rental assistance to low-income and vulnerable households and to help families achieve self-sufficiency,” said HUD Secretary Ben Carson in a statement. “The budget also promotes fiscal responsibility at HUD by promoting better efficiencies and leveraging IT modernization. I look forward to working with the President and remain keenly focused on HUD’s mission and core values.”The proposed plan will cut funding for the Community Development Block program, an estimated $3 billion. The Federal Government has spent over $150 billion on the program since its inception in 1974. Reasoning behind the cut is that the program is not well-targeted to the poorest populations, and has not yielded results. Other low-priority HUD programs slated to be cut are the HOME Investment Partnerships Program, Choice Neighborhoods, and the Self-help Homeownership Opportunity Program, saving $1.1 billion.This Week’s ScheduleLenders One Cooperative: Mortgage Lenders Maintain Positive Sentiment for 2017, Tuesday, 9 a.m. ESTNeel Kashkari Speaks at meeting of the Minnesota Business Partnership, Tuesday, 1:45 p.m. ESTMBA Mortage Applications, Wednesday 7 a.m. ESTFreddie Mac Weekly Mortgage Survey, Thursday, 10 a.m. EST Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post About Author: Seth Welborn Previous: Most Improved Markets in Portland and Charlotte Next: Lenders Preferred Refinancing Over New Purchases Post-Crisis The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Government, News Tagged with: Treasury Week Ahead April 9, 2017 1,398 Views The Week Ahead: What Will We See in the Federal Budget? Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer. Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img 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 tweet Related Articles Home / Daily Dose / The Week Ahead: What Will We See in the Federal Budget? Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Treasury Week Ahead 2017-04-09 Seth Welborn The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

31 May

Report: Investors Not Buying Into Housing Market

first_img Previous: The State of Fannie Mae’s Portfolio Next: Measuring RMBS Transactions July 1, 2019 1,680 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Housing Market 2019 Investor Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Report: Investors Not Buying Into Housing Market About Author: Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Although the housing market is booming and mortgage applications increasing by 40% to a three-year high, insight from Forbes found investors may still be wary of investing in housing. “I understand why no one wants to hear about housing. But you should want to hear about housing, because the evidence is overwhelming,” the article states. Rebounding from the housing crash of 2008, Forbes states that 2018 was also a “terrible year for housing,” as mortgage rates rose for the first time in five years, and the U.S. Home Construction ETF dropped 32%. The report, however, states that the market is nowhere near a bust, and that housing is still affordable for most Americans. Unisom’s 2019 Home Affordability Report, however, stated it now takes 14 years for those making a median income to save for a 20% down payment on a median-price homes, meaning many prospective millennial homebuyers won’t achieve homeownership until their 40s.The report states that the monthly payment needed to support a home purchase with a down payment of 20% grew by 12% between 2017 and 2018, far outpacing the growth of income during that period of 6%.The Forbes report also downplayed the notion that millennials will not enter the housing market. “Census Bureau figures show the number of households in America just hit an all-time high at 122 million,” the Forbes report stated. A survey from SunTrust found that more millennials are focusing on homeownership before marriage, as the survey found that among more than 2,000 U.S. adults, nearly half of millennials (aged 22-38) who have been married say they and/or their spouse owned a home before marriage (48%), compared to only 35% of baby boomers (ages 55-73).”People are choosing from many different paths and reaching common life milestones at a wider age span than before, changing when they decide to purchase a home,” said Sherry Graziano, Mortgage Transformation Officer at SunTrust.The survey also found that an increasing number of couples are entering marriage where both individuals own a home. According to the survey, 25% of unmarried women and 21% of unmarried men said, if faced with this decision, they would prefer to sell both places and buy a new one after getting married.  Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Sign up for DS News Daily in Daily Dose, Featured, Investment, Newscenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Report: Investors Not Buying Into Housing Market Demand Propels Home Prices Upward 2 days ago Related Articles Share Save Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Housing Market 2019 Investor 2019-07-01 Mike Albanese  Print This Post Subscribelast_img read more

31 May

Freddie Mac Appoints New CFO

first_img Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Freddie Mac Appoints New CFO Previous: Florida Governor Extends Foreclosure Moratorium Next: FHFA Updates GSE Non-Performing Loan Sales Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Freddie Mac Appoints New CFO CFO Freddie Mac 2020-06-02 Seth Welborn Freddie Mac has announced the appointment of Christian M. Lown as EVP and CFO, effective June 15. Lown was previously EVP and CFO at Navient Corporation. He succeeds Donald F. Kish, who has served as Interim CFO since December 2019. Kish will continue serving as SVP, Corporate Controller and Principal Accounting Officer.“We welcome Chris Lown to Freddie Mac. His demonstrated success as a chief financial officer and strong background in the debt and equity capital markets and in mergers and acquisitions will be invaluable as we prepare our company to exit conservatorship,” said Freddie Mac CEO David Brickman. “I want to thank Donnie Kish for his steady and selfless leadership of our finance function during this transition.”At Navient, Lown was responsible for the accounting, corporate development, financial planning and analysis, investor relations, procurement, treasury, and vendor management functions.“I am excited to join Freddie Mac as the company prepares for its next chapter and I look forward to working with such a talented management team and innovative company,” said Chris Lown.Prior to joining Navient in 2017, Lown was Managing Director, Financial Institutions Group at Morgan Stanley, where he co-led the Global FinTech and North America Banks and Diversified Finance investment banking practices.Lown holds an MBA from The University of Virginia’s Darden Graduate School of Business Administration, and a Bachelor of Arts from Lynchburg College.center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: CFO Freddie Mac Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago About Author: Seth Welborn 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. in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago June 2, 2020 1,535 Views Subscribelast_img read more

31 May

Emergency Notarization Order Crafted

first_imgHome / Daily Dose / Emergency Notarization Order Crafted  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: RON Technology July 6, 2020 1,366 Views Servicers Navigate the Post-Pandemic World 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Mike Albanese Emergency Notarization Order Crafted Subscribe Demand Propels Home Prices Upward 2 days agocenter_img Sign up for DS News Daily RON Technology 2020-07-06 Mike Albanese Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Mortgage Delinquencies Rise 20% in May Next: Risks for Homeowners Outside FEMA Flood Zones Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News, Technology The Mortgage Bankers Association (MBA), American Land and Title Association (ALTA), and the National Association of Realtors (NAR) collaborated to craft a draft model emergency notarization order.A release from ALTA stated that the model is designed to create “uniformity” and provide legal certainty for use of remote notarizations in states promoting social distancing measures.Paul Anselmo, CEO, Evolve Mortgage Services, said COVID-19 emphasized the need for standardization amongst all vertical sin the mortgage process.“The efforts made by every lender, settlement provider, and realtor to assure a safe, transparent process for the consumer were challenging when every state had different rules around Remote Online Notarization,” Anselmo said. “It is important that the process is one that assures each transaction was performed with the integrity, consistency, and security necessary to assure the asset is sellable and enforceable.”He added: “When lenders move forward in their support of RON, the only way transactions can scale is to have that standardization in every state. Without standardization, it is impossible to adopt and embrace 50 different ways to conduct business and maintain any resemblance of control. Every vendor should be operating using the proper security protocols as outlined by the MISMO RON Standards even if a state has adopted more formal rules and regulations around RON or offers a remote ink-signed notarization alternative.”The release added that “State advocates are encouraged to use the model order, draft request letter, and one-pager as appropriate in their state.”“A home is a basic need and real estate finance is an essential service supporting that need. During any current or future periods of state or local shelter-in-place orders, this essential business infrastructure must be able to continue to operate,” the release from ALTA stated. “Indeed, freezing this part of the economy is not an option for consumers, and can have a multibillion-dollar impact on the American marketplace.”ALTA added the inability to purchase or sells a home could have a punishing financial effect on consumers.“Home sellers should not have to take their homes off the market when they need to sell it in order to fulfill their contractual obligations to purchase another home and a potential home buyer who needs to move for job a change cannot pause that activity without significant financial consequences,” ALTA said.According to ALTA, laws for Remote Online Notarization (RON) have been enacted in over 25 states. Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articleslast_img read more

31 May

Zillow Will Use In-House Agents for iBuying

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Zillow, which heretofore has turned to brokerage partners to represent it in home purchases, has announced it will begin using its own agents in the booming iBuying department. In streamlining this operation by way of Zillow Offers, Zillow promises to make homebuying transactions smoother.Zillow said it will implement the new practice in January for its clients in Atlanta, Phoenix, and Tuscon.”Zillow-owned homes in these markets will be listed for sale by licensed Zillow Homes employees,” the firm said in a press release. “The company expects to expand these services to additional Zillow Offers markets later in 2021.”Zillow’s Errol Samuelson, Chief Industry Development Officer, in a video, said Zillow will encourage its existing employees to secure a license. “Let me address one thing right off the bat,” Samuelson said. “We are not recruiting agents from other brokerages.”Jeremy Wacksman, President of Zillow said he is excited to improve the Zillow Offers transaction chain.”At Zillow, our mission is to give people the power to unlock life’s next chapter and we want to help them on their journey home through a range of services that meet their preferences–whether through Zillow Offers or through a trusted Zillow Premier Agent partner,” he said.Reporter E.B. Solomont at RealDeal.com further explains the significance of the change, “Zillow, which historically made money by selling ads through its Premier Agent program, has bet big on iBuying since 2018, when CEO Rich Barton called instant home-buying a ‘moon shot’ opportunity. In general, iBuyers like Zillow, Opendoor and others make cash offers for homes for a fee, and aim to resell at a profit after making modest repairs.”The RealDeal added that “Zillow has denied plans to operate a traditional brokerage. Rather, it says some of its offerings require licensing, such as its Flex program, which gives agents qualified buyer leads. Agents pay no upfront costs but get a ‘success fee’ akin to a referral fee if they close a deal.”Zillow reported that the homes it owns will be listed in MLSs, “with commissions paid to agents representing buyers. The company will also continue to invest in and expand its Premier Agent business and partnerships, including connecting other interested buyers and sellers to Zillow Premier Agents, which is expected to be the preference of the majority of Zillow’s customers.””We look forward to working more closely with our agent, industry and MLS partners to efficiently serve our mutual customers,” added Wacksman. “Together, we will push to keep the real estate industry moving forward, and adapt to changing consumer preferences and virtual technologies.” in Daily Dose, Featured, Market Studies, News Home / Daily Dose / Zillow Will Use In-House Agents for iBuying Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Zillow Will Use In-House Agents for iBuying September 23, 2020 962 Views 2020-09-23 Christina Hughes Babb Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Previous: McMichael Taylor Gray Names Christine Cotton COO Next: FHFA Updates Collection of Mortgage-Acquisition Data Sign up for DS News Daily center_img The Week Ahead: Nearing the Forbearance Exit 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 Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Subscribelast_img read more

31 May

DS5: Residential Real Estate Investment Landscape Insights

first_img Share Save  Print This Post Sign up for DS News Daily in Daily Dose, Featured, Media, News, Webcasts September 25, 2020 1,800 Views Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Christina Hughes Babb 2020-09-25 Christina Hughes Babb The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / DS5: Residential Real Estate Investment Landscape Insights In this week’s episode of DS5: Inside the Industry, the show is joined by William Tessar, President of Civic Financial Services, whose insight is backed by more than 30 years of retail mortgage experience. Before joining Civic in 2017, he founded and served as President of three lending companies.Tessar discusses some of the challenges faced by real estate investors, and the advantages of investor real estate financing for the broker and the originator. Very quick closes, minimal documentation, and multiple transaction opportunities, he said, are among the benefits that brokers and originators experience.See the full broadcast below: The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Previous: FHFA Releases Latest Mortgage Relief Numbers Next: The Week Ahead: The First Presidential Debate DS5: Residential Real Estate Investment Landscape Insights Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

27 May

Council invites applications for community tourism grants

first_imgHomepage BannerNews Facebook WhatsApp WhatsApp NPHET ‘positive’ on easing restrictions – Donnelly Google+ Council invites applications for community tourism grants Facebook By admin – February 20, 2016 Applications are being invited for the Community Tourism Diaspora Initiative 2016.It is the last year of the initiative which is open to Community based Festivals and Events in Donegal.The festivals funded last year included the Mary from Dungloe International Festival and the International Six Nations Sheep Shearing Competition.Although it’s a national scheme, it is being administered locally by Donegal County Council – Barney Mc Laughlin says the cut off for applications is the 11th of March………..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/02/barne10web.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter Pinterestcenter_img Nine Til Noon Show – Listen back to Wednesday’s Programme Google+ Twitter RELATED ARTICLESMORE FROM AUTHOR 448 new cases of Covid 19 reported today Previous articleWoman tells rape trial she asked to withdraw complaint but found the strength to continueNext articleFirst Minister visits Tyrone Orange Hall after two attacks this week admin Help sought in search for missing 27 year old in Letterkenny News, Sport and Obituaries on Wednesday May 26th Pinterest Three factors driving Donegal housing market – Robinson last_img read more

27 May

Public urged to report racist or sectarian incidents

first_img Pinterest A campaign has been launched encouraging the public to report racist and sectarian incidents they may encounter.The scheme is independent and confidential and aims to support people who have witnessed or experienced a racist or sectarian incident.Dr. Karin White, Cultural Diversity Officer with Donegal County Council, says there is a problem with racism and she has experienced incidents herself – she spoke earlier on the Shaun Doherty Show:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/07/gerr1pmracism.mp3[/podcast] Facebook Guidelines for reopening of hospitality sector published Newsx Adverts Public urged to report racist or sectarian incidents Google+ Facebook RELATED ARTICLESMORE FROM AUTHOR Twitter LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Google+center_img NPHET ‘positive’ on easing restrictions – Donnelly Twitter By News Highland – July 9, 2012 Three factors driving Donegal housing market – Robinson WhatsApp WhatsApp Calls for maternity restrictions to be lifted at LUH Previous articleDonegal homes that have paid the Household charge sent remindersNext article41% drop in new buildings recorded in Donegal News Highland Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

27 May

Council to decide on whether or not to cut property tax valuation

first_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Council to decide on whether or not to cut property tax valuation Almost 10,000 appointments cancelled in Saolta Hospital Group this week Donegal County Council will decide this week on whether or not to cut property tax valuation.From next year, councillors can vary the property tax up or down by up to 15 per cent.Donegal has about 69,000 houses registered for the tax, but because of lower property values here, it collected just €8.7 million to the middle of this year.Council boss Seamus Neely has warned that public services could suffer as a result of the reduction in tax.Despite this, Sinn Fein have confirmed they will be seeking a reduction of 15%, with party whip Cllr Mick Quinn saying the current situation is proof of the extent to which Donegal has lost out over the years……Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/09/mick.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. GAA decision not sitting well with Donegal – Mick McGrath Google+ WhatsApp Previous articleJohn McNulty to meet with senior Labour politicians todayNext articleThousands of pounds worth of damage caused to Strabane bridge work site News Highland WhatsApp Pinterest Twitter Guidelines for reopening of hospitality sector published center_img By News Highland – September 25, 2014 Facebook Pinterest Twitter Calls for maternity restrictions to be lifted at LUH Homepage BannerNews Facebook Google+ Nine Til Noon Show – Listen back to Wednesday’s Programme RELATED ARTICLESMORE FROM AUTHORlast_img read more