Senator Sherrod Brown Presses Regulators to Protect Taxpayers from Banks’ Risk-Taking

first_img Sherrod BrownU.S. Senator Sherrod Brown (D-Ohio) recently exhorted the heads of three government regulatory agencies (the Federal Reserve, OCC, and FDIC) to protect the rules that require the largest financial institutions to hold more capital, thus limiting the same risk-taking the led to the financial crisis of seven years ago, according to an announcement on Brown’s website.Brown wrote a letter urging Fed Chairman Janet Yellen, FDIC Chairman Martin Gruenberg, and Comptroller of the Currency Thomas Curry to resist the clamoring of Wall Street banks to weaken those minimum capital requirement rules, which Brown believes would expose taxpayers to more bailouts similar to those that occurred in 2008.In the letter, Brown stressed the importance of the rules required by the Wall Street Reform Act including the enhanced supplementary leverage ratio (SLR) for the largest financial institutions and the margin rules for derivatives transactions.“I write out of concern with the arguments made by large Wall Street banks and their allies that these rules—particularly the treatment of margin for cleared derivatives and rules governing trades among affiliates—should be watered down,” Brown wrote in his letter. “I urge you to reject these calls and maintain adequate taxpayer protections.”The margin rules for derivatives transactions were finalized by regulators in October in order to prevent risky trading by financial institutions that precipitated the financial crisis in 2008. The Fed, OCC, and FDIC approved a final SLR of 6 percent for the largest federally insured depository institutions in April 2014. The 6 percent SLR requires large banks to increase the amount of capital they use to fund all of the assets on their books instead of just the risky assets.“I urge you to reject these calls and maintain adequate taxpayer protections.”Senator Sherrod Brown“Enhancing capital and limiting leverage at the largest financial firms will help ensure that risky, complex, opaque financial transactions never again threaten the entire U.S. financial system and broader economy,” Brown wrote. “As we have seen repeatedly, better capitalized firms are in a stronger—not weaker—position to continue lending and take on risk throughout the credit cycle, including stepping in to assume others’ positions.”Click here to read the complete text of Brown’s letter. Senator Sherrod Brown Presses Regulators to Protect Taxpayers from Banks’ Risk-Taking The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Servicers Navigate the Post-Pandemic World 2 days ago Large Banks Senator Sherrod Brown Wall Street Reform 2015-11-27 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago November 27, 2015 1,260 Views About Author: Brian Honea 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: HARP Refi Numbers Dwindling Despite FHFA’s Efforts Next: Freddie Mac: ‘Vast Majority’ of Housing Markets Still Trying to Get Back to ‘Normal’ Related Articles The Best Markets For Residential Property Investors 2 days ago Share Savecenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Large Banks Senator Sherrod Brown Wall Street Reform  Print This Post Demand Propels Home Prices Upward 2 days ago 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 Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Senator Sherrod Brown Presses Regulators to Protect Taxpayers from Banks’ Risk-Taking Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Primary Residential Mortgage Expands Footprint in Utah

first_img About Author: Xhevrije West Primary Residential Mortgage, Inc. (PRMI), headquartered in Salt Lake City, Utah, recently announced it has expanded its footprint in Utah with the opening of a new branch in Orem.The new office location will be under the management of Jim Hoggan, Christopher Jensen, and Julie Crow. The addition of this branch makes it the 14th location in Utah.“We are thrilled to be opening up this branch in our own backyard,” said Dave Zitting, President and CEO of PRMI. “This management team has more than 60 years of experience between them, they are experts in our industry and we are pleased they have joined our PRMI team to help our neighbors achieve home ownership.”PRMI plans to continue expanding its presence nationwide with a goal of 15 new branch openings over the next three months. As with its nearly 300 other branches located in 49 states across the nation, this PRMI branch will offer a wide variety of mortgage lending services including reverse mortgages, government lending, purchase, and refinance, as well as commercial and residential.PRMI was founded in 1998 by Dave Zitting, Jeff Zitting, and Steve Chapman. PRMI has evolved into a nationwide, multi-billion dollar operation with over 1,800 employees working in more than 250 branches. The company is licensed in 49 states and serves all segments of the market. PRMI is a privately held, debt-free company that focuses primarily on traditional residential loan products. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Related Articles February 8, 2016 1,023 Views Tagged with: Primary Residential Mortgage Utah Demand Propels Home Prices Upward 2 days ago Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Chronos Solutions Acquires Commerce Title and Closing Services Next: OCC Recaps Proposals for Regulatory Reliefcenter_img Home / Featured / Primary Residential Mortgage Expands Footprint in Utah Is Rise in Forbearance Volume Cause for Concern? 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Primary Residential Mortgage Utah 2016-02-08 Brian Honea in Featured, News Primary Residential Mortgage Expands Footprint in Utah 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 Subscribelast_img read more

Putting Communities First

first_img Previous: For Sale: Freddie’s Largest RPLs Next: Cordray vs. Hensarling Demand Propels Home Prices Upward 2 days ago Putting Communities First The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Headlines Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago August 30, 2017 1,227 Views  Print This Post Tagged with: CRA OCC Related Articles Home / Daily Dose / Putting Communities First Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Share Save About Author: Joey Pizzolato The Week Ahead: Nearing the Forbearance Exit 2 days ago CRA OCC 2017-08-30 Joey Pizzolato Subscribe 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 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] The Office of the Comptroller of the Currency released its schedule for Community Reinvestment Act (CRA) evaluations at national banks and federal savings associations. The evaluations will be conducted in the fourth quarter of 2017 and the first quarter of 2018.According to the Federal Reserve, CRA is meant to provide for the credit needs of the communities they serve, including low- and moderate-income areas while still maintaining responsible lending practices. The CRA was enacted by Congress in 1977 during the Carter administration in response to worsening economic and housing conditions in urban cities. The CRA has since been reformed numerous times in subsequent administrations.In its evaluations, the OCC encourages comments from the public that the banks are supposed to serve, and takes into account said comments at the next evaluation. Evaluations have direct effect on institution’s request for deposit facilities.Evaluations will begin in October of 2017 and stretch into March of 2018. You can find the full schedule here.last_img read more

Freddie Mac Speaks: G-Fees and CRT

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Brianna Gilpin Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News, Secondary Market 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] September 5, 2017 1,821 Views Credit Risk Transfer Guarantee Fees 2017-09-05 Brianna Gilpin  Print This Post 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 Previous: 115th Congress: Fall Legislative Agenda Next: Cordray Skirts the Question Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Freddie Mac announced Tuesday that it is now making all available pricing and deal terms for their Agency Credit Insurance Structure and Whole Loan Securities transactions, which are important offerings in its credit risk transfer (CRT) program, open to the public to further transparency for investors. Both build on similar disclosures for Freddie Mac’s Structured Agency Credit Risk (STACR) program.In a corresponding Freddie Mac Perspectives blog, Kevin Palmer, SVP of Single-Family Credit Risk Transfer, explained how CRTs are indicating whether Freddie’s Guarantee fees (G-fees) are in line with what the private market would charge.G-fees are a retained amount of payments received on mortgages sold to Freddie Mac by banks and other sellers. In return, Freddie guarantees payment of principal and interest on the pass-through securities that they issue to their customers, or Gold PCs.“The G-fee essentially covers the cost of providing the credit guarantee—both the non-credit costs, such as administrative costs, and credit costs, which are the expected costs plus the cost of unexpected losses,” Palmer said.Though the G-fee normally would be for costs Freddie Mac could incur if they retained all the credit risk related to loans in their mortgage securities, the last four years they have been transferring a significant portion to the private market through their Single-Family CRT program.To calculate the G-fee, Freddie analyzes the cost of the past years Structured Agency Credit Risk (STACR) transactions and determines the market-implied G-fee for the lower range of what the private sector would be willing to pay to operate a credit guarantee business like Freddie Mac’s.According to Palmer, “CRT is not only shifting risk away from taxpayers and creating new asset classes for investors, it is a key benchmark for policy discussions by providing information about what the private capital markets would charge for absorbing the credit risk generated by the credit guarantee business of a GSE.” Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Tagged with: Credit Risk Transfer Guarantee Fees Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Freddie Mac Speaks: G-Fees and CRT Share Save Home / Daily Dose / Freddie Mac Speaks: G-Fees and CRT The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

What’s Driving the MSR and RMBS Markets?

first_img 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. Sign up for DS News Daily What’s Driving the MSR and RMBS Markets? Previous: Public Policy Institute Asserts its Recommendations for FHFA Next: Location, Location, Location… November 19, 2018 2,533 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Related Articles in Daily Dose, Featured, News, Secondary Market Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / What’s Driving the MSR and RMBS Markets? The rising mortgage rates are driving a strong demand for Mortgage Servicing Rights (MSRs) even as the issuance of reverse mortgage-backed securities (RMBS) remains healthy, according to the Kroll Bond Rating Agency (KBRA).In an update highlighting the performance of companies active in the U.S. residential mortgage industry, KBRA revealed that during the second quarter around $97.1 billion in UPB of bulk MSR sales were completed bringing the volumes in the first half of the year close to around $193.3 billion. This high demand, the report said, continued to support valuations and market liquidity leading banks to provide more credit secured by MSRs.Pointing to Ginnie Mae’s recent announcement of a three year strategic plan to realign its counterparty risk management framework that will allow additional financing for MSRs, the report said: ” In addition to banks, GSEs are slowly building support for MSRs as a financeable asset, an effort that will benefit non-bank financial institutions who lack deposit funding.”Apart from rising GSE interest in MSRs, the report also indicated capital relief for MSRs thanks to a simplification to capital rules released by the Federal Deposit Insurance Corporation (FDIC) during its semiannual regulatory agenda. The FDIC proposal raises the cap on MSRs allowable in Tier 1 capital from 10 percent to 25 percent and increases the risk weighting exposure for these rights above the cap from 100 percent to 250 percent. The report said that if passed, the proposal would remove a significant capital constraint on FDIC-supervised small banks that specialize in mortgage servicing and “make it less likely that a small bank would exit or reduce its activity in that space.”Looking at RMBS, the report indicated that despite a slight pullback from the highs of the second quarter, the issuance of RMBS ended the third quarter as the highest post-crisis issuance quarter behind Q2. The data also pointed to an increased risk privatization even though a very small portion of this market, dominated by the GSEs, has non-agency RMBS players. The total issuance in prime, nonprime and CRT sectors was projected to end the third quarter at just above $10.2 billion, the report indicated. “Through mid-September 2018, $33.4 billion has been issued, surpassing the FY 2017 post-crisis record of $29.2 billion. 3Q18 included new issuers in the Non-Prime or Expanded Prime sectors.”The KBRA report, which also looked at the overall housing market revealed that despite some softness, the economic environment remained strong for housing. Giving an analysis of individual performances of bank and nonbank mortgage lenders and servicers, KBRA said that while Citi had exited the servicing business thanks to the competitive environment, Bank of America saw a decrease in its mortgage banking revenue over the last year and due to “limited reporting disclosures, the company’s mortgage strategy is somewhat a mystery.”Overall though, the report said that the industry remained highly fragmented with many smaller, independent operators enjoying robust refi volumes and high margins over the last several years. Giving a comparison, KBRA said that in 2013, the top five producers represented 48 percent of the market versus 28 percent today. “Clearly, the industry has already transitioned to a higher-rate, purchased-focused market driving consolidation and some corporate restructuring,” the report indicated. “In October, JPM announced it is laying off 400 home-lending jobs (JPM cut 7,900 in 2014) and WFC cut 650 mortgage jobs in August. Other high-profile companies announcing layoffs include USAA, Guaranteed Rate, and Movement Mortgage.”Click here for a more detailed profile of the lenders and servicers covered in the KBRA report. Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Bank of America Citi FDIC HOUSING JP Morgan Kroll Bond Rating loans mortgage MSR nonprime Prime RMBS Wells Fargo 2018-11-19 Radhika Ojha 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 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Bank of America Citi FDIC HOUSING JP Morgan Kroll Bond Rating loans mortgage MSR nonprime Prime RMBS Wells Fargo Demand Propels Home Prices Upward 2 days ago About Author: Radhika Ojhalast_img read more

The Case for Outsourcing in Property Preservation

first_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Case for Outsourcing in Property Preservation in Commentary, Daily Dose, Featured, News, REO July 5, 2019 11,661 Views You can pretty much guarantee that when anyone establishes a property preservation company, the first thing they focus on is the core part of the business, the actual inspection work. Of course, this is the right thing to do as, without success in this area, there simply is no business.But, then a frustrating thing happens. More work generates an admin burden that can soon overwhelm any thriving business.It’s at this point that a property preservation business has to make a critical choice, do you and your team focus your expertise and energies on the core business activities and ask the outsourcing experts to carry out the other activities like quality check and bid creation?The clever answer is yes. That’s because, property preservation data entry is the most pertinent admin job and any mistakes in this area can carry serious consequences, which can have a long-term impact on not only the property preservation company but their client also.By outsourcing to experts, property preservation companies can ensure that all their data entry needs are met in one single place by a dedicated data entry outsourcing company, allowing them to grow their business and do what they do best: attract more clients.And the reasons don’t stop there. Property preservation companies should outsource their data entry because by working with the right data entry outsourcing partner they also gain:Experience: The right data entry outsourcing partner will have USA property inspection and preservation data experience. Guaranteed compliance: The right partner will be compliant with industry regulations.Added value: The right outsourcing company will provide insights, solutions, and best practice processes drawn from years of experience managing the complex data entry demands of global clients. Cost savings: They will help property preservation companies achieve cost savings, compared to having an in-house service.Scalability: With the partner, property preservation companies have the immediate option of increasing or decreasing their data entry outsourcing team.Quality: The right data entry outsourcing partner will provide increased data quality and accuracy.Speed: They offer a fast turnaround with a 365/24/7 operation.The highest standards of communication and service: They will prioritize communication and see how it ultimately defines the success of the relationship.Advanced Security Protocols: The right partner will have full office and workstation CCTV camera monitoring, secure data transfer, and biometric password protected data access.In-house Training Center: They will have a comprehensive training program designed with the help of leading industry experts. Above all else, the right data entry outsourcing partner will be the complete solution to a property preservation companies’ admin burden and will allow them to focus on growing their business, at their pace. Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Commentary / The Case for Outsourcing in Property Preservation data entry Property Preservation real estate REO 2019-07-05 Radhika Ojha Subscribe  Print This Post Mit Somaiya is a graduate from the EBS Business School, Germany. He has a rich experience in consulting for Social Business in Europe and Asia on the topics of Operational Excellence and Minimum Quality Standards. Somaiya’s core specializations include strategic planning, operational benchmarking, optimizing workforce efficiency and foraying into newer business markets. For the Offshore Property Preservation division at IMS People, Somaiya is responsible for foraying into the U.S. REO market, making allied partnerships and overseeing operations to ensure quality services to clients. The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Related Articles Sign up for DS News Daily Previous: Parts of a Whole in Default Servicing Next: Better Data, Stronger Performance Servicers Navigate the Post-Pandemic World 2 days ago About Author: Mit Somaiya Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: data entry Property Preservation real estate REO The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Zombie Homes: The ‘Post-Housing Crisis Hangover’

first_img October 18, 2019 1,429 Views Previous: CFPB’s Constitutionality at Stake Next: The Week Ahead: Examining Mortgage Data Privacy Servicers Navigate the Post-Pandemic World 2 days ago Defaults Foreclosure zombie homes 2019-10-18 Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Sign up for DS News Daily Zombie Homes: The ‘Post-Housing Crisis Hangover’ Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn Cleveland’s Ward 8 is filled with zombie homes, which many have called a “post-housing crisis hangover,” WBUR reports. “You can see a great deal of demolition, but it’s not enough,” said Cleveland City Councilman Michael Polensek. Polensek says Cleveland now spends about $2 million a year just cutting grass on abandoned properties.Part of the problem, Polensek adds, is tax collection.““The county has done a terrible job at collecting taxes. We have the worst collection record in the state,” he says. “So you had predatory lending, then you had absentee landlords. And then the county, where we could have saved these structures, had there been a reasonable foreclosure process. These properties went on for years and years.”Another issue is redlining: the illegal practice of denying loans to minority applicants who then can’t get the funds they need to keep up their payments or improve their properties, but what’s happening in Cleveland is not necessarily the traditional type of redlining.“I believe it’s redlining by community, by ZIP code,” Polensek says. “Does racial consideration factor in some cases? Without a doubt.”Nationally, over 1.5 million (1,530,563) U.S. single-family homes and condos are vacant, representing 1.6% of all homes, according to a new report from ATTOM Data Solutions. Ohio holds one of the highest rates of zombie homes in the country, with a total of around 891 in the state. Around half of these vacant homes are in the Cleveland-Elyria metro area, with 431 homes. Additionally, the top two zip codes nationwide with the highest number of zombie properties (with at least 100 properties in pre-foreclosure) are 44105 (57) and 44108 (54).Another reason for these high number of vacant and abandoned homes caused by foreclosure is the high number of jobs lost in the Cleveland area. The city of Cleveland, Polensek says, has lost between 20,000 and 25,000 manufacturing jobs. Residents lose their homes after being unable to make payments, and eventually just abandon it. The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribecenter_img The Best Markets For Residential Property Investors 2 days ago Tagged with: Defaults Foreclosure zombie homes 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. The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Zombie Homes: The ‘Post-Housing Crisis Hangover’ Share Save in Daily Dose, Featured, Foreclosure, News Demand Propels Home Prices Upward 2 days agolast_img read more

Donegal one of the highest claiming countys over cold snap

first_img Facebook Pinterest Donegal was one of the highest insurance claiming counties for burst pipes caused to commercial and residential property during the big freeze over the new year.Figures released today by the Irish Insurance federation show that between residential and commercial property there was a total of 1,230 claims for burst pipes.1,100 of those were household claims, the fourth highest level in the country. Twitter Facebook WhatsApp RELATED ARTICLESMORE FROM AUTHOR News Pinterest Twitter 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 center_img Google+ Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Google+ By News Highland – February 25, 2010 Previous articleConcern that Carn could be targetted if garda levels are cutNext articleDeputy McDaid says the public want a Cabinet reshuffle News Highland WhatsApp Guidelines for reopening of hospitality sector published Donegal one of the highest claiming countys over cold snap Calls for maternity restrictions to be lifted at LUH Three factors driving Donegal housing market – Robinson last_img read more

Calls for Derry rail line upgrade after cyclist beats train to Belfast

first_img Pinterest PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal WhatsApp WhatsApp RELATED ARTICLESMORE FROM AUTHOR Calls for Derry rail line upgrade after cyclist beats train to Belfast Pinterest Facebook 365 additional cases of Covid-19 in Republic Google+ Facebook Dail to vote later on extending emergency Covid powers center_img News Twitter Previous article‘Frozen’ star Bell pregnant againNext articleRamsey and Durkan meet minister to discuss future funding for Magee News Highland HSE warns of ‘widespread cancellations’ of appointments next week Twitter Google+ Man arrested in Derry on suspicion of drugs and criminal property offences released Man arrested on suspicion of drugs and criminal property offences in Derry By News Highland – June 24, 2014 An East Derry MLA says the need for an upgrade of the Derry to Belfast rail service has been highlighted after a Coleraine cyclist made the journey between the two cities faster than the train.On Sunday, John Madden completed the journey in 2 hours and 37 minutes, and Sinn Fein MLA says the fact that the train is slower means the Northern Ireland rail service is at risk of becoming the laughing stock of Europe.He says this highlights the need to bring the second phase of the upgrade of the Derry Belfast line forward, to start as quickly as possible…………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/06/cathaltrain.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Picture of John Madden’s historic cycle by Alicja Cernák from Cycling Ulster website.last_img read more

Anti-VRT campaigner says increase in tax huge mistake by Government

first_img Pinterest Google+ By News Highland – August 24, 2012 Twitter Twitter With fuel hitting €1.80 a litre, motor tax increases on the way and a hike in VRT likely –  the government is lost for viable solutions to the economic crisis.That is according to anti- VRT campaigner Ryan Stewart who says rural Ireland will be crippled by these new measures.He says those who live in rural Ireland wont be able to afford to run their cars, or buy new ones.And he says the Government increasing VRT is a massive mistake:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/08/stew.mp3[/podcast] Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp Facebook WhatsApp Facebook Main Evening News, Sport and Obituaries Tuesday May 25th center_img Anti-VRT campaigner says increase in tax huge mistake by Government Google+ 365 additional cases of Covid-19 in Republic Previous articleDonegal farming in worst crisis in living memoryNext article2nd medal for Donegal man at the European Transplant and Dialysis Games News Highland RELATED ARTICLESMORE FROM AUTHOR Gardai continue to investigate Kilmacrennan fire 75 positive cases of Covid confirmed in North Further drop in people receiving PUP in Donegal Pinterest Newslast_img read more