Month: May 2021

The Retiree Dilemma: Rent or Own?

Is Rise in Forbearance Volume Cause for Concern? 2 days ago  Print This Post The Retiree Dilemma: Rent or Own? in Featured, Market Studies, News Previous: Pro Teck Introduces Intelligent Quality Control Solution for Appraisers Next: Servicers Must Adapt in Order to Survive March 30, 2016 1,611 Views Servicers Navigate the Post-Pandemic World 2 days ago Homeownership Renting Retirees 2016-03-30 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Tagged with: Homeownership Renting Retirees About Author: Xhevrije West 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago A question on the minds of many older Americans that are trying to find balance between their housing needs and financial situations as they prepare to retire is the decision to rent or own a home.More baby boomers are selling their homes this year in order to obtain equity that has been returned since the housing crisis, according to a report from the Wall Street Journal by Jane Hodges, home-sales data, and anecdotal evidence.”Although investors have been told for years not to think of their primary homes as investments, having a healthy chunk of home equity can make a big difference when it comes to planning retirement finances,” Hodges wrote.Hodges explained that renting presents both positives and negative aspects for retirees. Although renters are afforded a certain amount of options, flexibility, and little to no maintenance costs, increasing rents cut into fixed income with no offsetting equity.The National Association of Home Builders (NAHB) and American Community Survey data found that over 48 million households in the U.S. are headed by someone who is 55 or older, accounting for about 42 percent of all households.Senior households have been rising slowly over the decades, but this is about to change in the coming years. Urban Institute’s analysis of housing trends determined that senior households are expected to grow dramatically by 2030.The Institute found in 1990, there were 20 million households for seniors ages 65 and up. In 2010, this number had reached 25.8 million, and by 2030, the institute projects that aging baby boomer households will reach 46 million.“This dramatic growth will occur among both senior homeowners and renters, Urban Institute said. “Our research suggests that from 2010 to 2030, senior homeowners will increase from 20 million to almost 34 million, and senior renters—who include both homeowners who will shift to renting and baby boomers who already rent—will increase from 5.8 million to 12.2 million. Subscribe Home / Featured / The Retiree Dilemma: Rent or Own? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save 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 read more

Where Do Millennials Fit in the Housing Market?

first_imgHome / Daily Dose / Where Do Millennials Fit in the Housing Market? Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Survey Highlights Differences Between Rural and Urban Homeowners Next: Fitch Gives Fannie Mae’s Risk Transfer Transaction “Outlook Stable” Rating Servicers Navigate the Post-Pandemic World 2 days ago The American Dream is still attainable for the millennial generation, despite pessimistic sentiments toward the housing market. Trulia’s Housing in 2017 report revealed that millennials’ aspiration of owning a home has fallen from 80 percent to 72 percent in the past year. Approximately 83 percent of millennials are planning to purchase a home, but not in the new year; 72 percent say they will not buy a home until the end of 2018.The idea of homeownership is within reach for millennials, but multiple obstacles are discouraging potential buyers from entering homeownership. Those obstacles include saving for a down payment, poor credit history, qualifying for a mortgage, rising home prices, inability to pay debt, not having stable employment, rising mortgage rates, and limited housing inventory.Ralph McLaughlin, Chief Economist for Trulia, told DS News that despite mortgage rates being lower than they were in 2014, home buying millennials will still feel the impact when applying for a mortgage. “While we don’t think that rising mortgage rates will affect homebuyers much, rising rates will have an impact on those on the cusp of being able to qualify for a mortgage—many of which are likely to be millennials. Still, rates remain lower than they were two years ago. The higher rates then didn’t seem to affect buyers much then, so we’re not worried about rising rates,” he said.A lack of inventory has been a crippling factor in homebuying among millennials. While 2016 was a year of low inventory and high competition, 2017 is expected to show an increase in housing inventory and moderate price appreciation.McLaughlin expects to see a rise in homeowners over the next few years, and he encourages real estate agents to engage in candid dialogue with millennials when it comes to the homebuying process. “We’ll likely see a slow and steady increase in the share of all homebuyers who are that age over the next five years. Real estate professionals should focus on having honest conversations with them about whether home buying is actually a good financial investment given their personal situation,” he said. “Millennials tend to move around a lot simply because they’re young, so in some situations, it may be better for them to rent. Having honest conversations with millennials and giving them sound advice, even if it isn’t in the immediate best interest of the real estate professional, is more likely to reap benefits in the long run for both the professional and young prospective homebuyer.” The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Where Do Millennials Fit in the Housing Market?  Print This Post Mirasha Brown is a graduate of Florida A&M University and is pursuing a masters degree at Syracuse University. Born and raised in Florida, she has contributed to public relations and marketing campaigns for Rent The Runway and Billboard. She is a communications specialist with The Five Star and a contributing writer to DS News and the MReport. December 8, 2016 1,403 Views About Author: Mirasha Brown Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News Share Save Sign up for DS News Daily 2016-12-08 Kendall Baer Subscribelast_img read more

Finding the Silver Lining for Banks

first_img 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 Finding the Silver Lining for Banks Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Finding the Silver Lining for Banks About Author: Brian Honea Previous: DOJ Settles Two RBMS Suits in a Week Next: Senate Banking Committee Dems Defend Cordray Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago January 17, 2017 1,239 Views Share Save Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The recent rise in mortgage interest rates has taken a cut from the mortgage banking lines of three of the largest banks, but the news was not all negative.Overall, Bank of America, JPMorgan Chase, and Wells Fargo posted solid financial results for Q4 in their earnings statements published last week, though Wells Fargo’s net income was down by $1 billion over-the-year for the full year of 2016.As Kroll Bond Ratings Agency (KBRA) noted in a new analysis, the rise in mortgage rates over the last two months and the Fed’s December rate hike resulted in a sequential decline in the mortgage banking lines for all three.The value of the mortgage portfolios at all three banks, however, increased. For example, the asset value of Wells Fargo’s MSRs were marked up by 24 percent, up to a value of $12.959 billion, according to that bank’s earnings statement.Still, KBRA Senior Managing Director Chris Whalen noted, “lower gain on sale margins and rapidly shrinking pipelines for Q1 production were common features for all three top U.S. banks and are also in evidence at smaller institutions.”Whalen pointed out that the increased interest rates are unlikely to change banks’ fundamentals. However . . .“Gains in terms of net interest margin will be small and volatile quarter-to-quarter as the cost of funds for market sensitive money center banks also rise,” Whalen said. “Indeed, financials may suffer in the near term due to the negative impact of rising Treasury yields on the housing sector. As 2017 progresses, we expect that falling lending volumes for residential and commercial real estate will be a continued drag on volumes and earnings for financials.”Citigroup’s Q4 earnings report will be released on Wednesday, January 18.Click here to view the complete KBRA report. The Best Markets For Residential Property Investors 2 days ago Tagged with: Bank of America Banks Earnings JPMorgan Chase Profits Wells Fargo Subscribe The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Bank of America Banks Earnings JPMorgan Chase Profits Wells Fargo 2017-01-17 Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Sign up for DS News Daily last_img read more

Fed Chair Talks Economic Uncertainty

first_img Previous: The American Dream: Homeownership Still Included? Next: Does Owning a Home Affect Financial Stability?  Print This Post The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Janet Yellen,Chair of the Board of GovernorsFederal Reserve SystemDespite announcements that the Fed would certainly be spiking interest rates, Federal Reserve Chair Janet Yellen delivered a speech on Tuesday providing more clarity to the current state of inflation and interest rate uncertainty.During her speech, Yellen focused on the uncertainty with inflation and monetary policy, stating that it would be, “imprudent to keep monetary policy on hold until inflation is back to 2 percent.”Yellen admits the Fed may have misjudged the strength of the labor market and the degree to which longer-run inflation expectations are consistent with its inflation objective, or even the fundamental forces driving inflation.“In interpreting incoming data, we will need to stay alert to these possibilities and, in light of incoming information, adjust our views about inflation, the overall economy, and the stance of monetary policy best suited to promoting maximum employment and price stability,” she said.In addition, current inflation developments for both overall and core inflation have “slipped again in recent months” after moving up last year, according to Yellen.She continued to explain that sustained low inflation is undesirable because it leads to low settings of the federal funds rate in normal times, providing less scope to ease monetary policy to fight recessions.“A persistent undershoot of our stated 2 percent goal could undermine the Federal Open Market Committee’s (FOMC) credibility, causing inflation expectations to drift and actual inflation and economic activity to become more volatile,” Yellen said.Accordingly, she promised that the Fed would monitor incoming data closely and stand ready to modify its views based on what has been learned.“What are the policy implications of these uncertainties? For one, my colleagues and I must be ready to adjust our assessments of economic conditions and the outlook when new data warrant it,” she said. About Author: Nicole Casperson Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Board of Governors of the Federal Reserve System HOUSING mortgage 2017-09-26 Nicole Casperson Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Savecenter_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Fed Chair Talks Economic Uncertainty September 26, 2017 1,275 Views Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Board of Governors of the Federal Reserve System HOUSING mortgage Fed Chair Talks Economic Uncertaintylast_img read more

Home Prices Decelerating in Luxury Markets

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Home Prices Decelerating in Luxury Markets Tagged with: Affordability Home Prices HouseCanary About Author: David Wharton February 24, 2018 1,982 Views  Print This Post Since the 2008 financial crisis, predicting where the housing market is headed next has become a game with very high stakes indeed. Tracking the interactions between home prices, affordability, the impact of regulation (or deregulation), and a thousand other factors all need to be considered. In an attempt to foresee where housing is headed in 2018, HouseCanary examined all 381 metropolitan statistical areas (MSAs) in the US in terms of local affordability (and change in affordability), housing market price growth, and the pace of housing market price growth. HouseCanary VP of Analytics Alex Villacorta broke that data down into a recent post entitled “5 Housing Trends That Are Changing The Market Today.” “While we are still seeing a positive trend in growth on average,” says Villacorta in the report, “the explosive acceleration we’ve seen over the past few years is clearly softening, market by market.” Several markets that had been growing dramatically have been decelerating. Moreover, 10 of the 25 markets showing the most marked growth deceleration all happen to be in Florida.What’s causing the deceleration? HouseCanary’s report cites several possible factors, including “an affordability crisis in many rapidly appreciating markets, waning home sales volume and prices in specific price segments, a likely increase to mortgage rates, implications of the recently passed tax law, and general uncertainty about the future.”The 10 MSAs that have shown the strongest home price growth so far in 2018 versus 2017 include Scranton, Pennsylvania; Stamford, Connecticut; Hartford, Connecticut; Philadelphia, Pennsylvania; Harrisburg, Pennsylvania; Syracuse, New York; Norfolk, Virginia; New York, New York; Louisville, Kentucky; and Indianapolis, Indiana.HouseCanary also found notable softening in the luxury segment of several markets, which the report says is “typical of mid-to-late cycle behavior where exceedingly high prices in most desirable areas drive buyers further out in search of relative affordability.”The 10 MSA showing this “luxury lag” the strongest include Las Vegas-Henderson-Paradise, Nevada (-7 percent); Orlando-Kissimmee-Sanford, Florida (-7 percent); Palm Bay-Melbourne-Titusville, Florida (-7 percent); Tampa-St. Petersburg-Clearwater, Florida (-6 percent); Stockton-Lodi, California (-6 percent); Lakeland-Winter Haven, Florida (-6 percent); Miami-Ft. Lauderdale-West Palm Beach, Florida (-6 percent); Dallas-Fort Worth-Arlington, Texas (-6 percent); Deltona-Daytona Beach-Ormond Beach, Florida (-6 percent); and Jacksonville, Florida (-5 percent)You can read HouseCanary’s full report by clicking here. Previous: Can Online Lending Decrease Risk? Next: Old Republic Title Partners with Pavaso for eClosing in Daily Dose, Featured, Headlines, Journal, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Home Prices Decelerating in Luxury Markets Affordability Home Prices HouseCanary 2018-02-24 David Wharton The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribelast_img read more

10 Cities With the Best and Worst Credit Scores

first_imgHome / Daily Dose / 10 Cities With the Best and Worst Credit Scores March 23, 2018 4,282 Views 10 Cities With the Best and Worst Credit Scores Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Previous: Homebuyers, Fixed-income Families Brace for Impact of Rising Prices Next: FHFA: Fannie, Freddie Foreclosure Preventions Top 4M in Q4 Sign up for DS News Daily Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Scott Morgan Demand Propels Home Prices Upward 2 days ago Cities Credit Scores Median Scores Residents WalletHub 2018-03-23 Radhika Ojha Related Articles Tagged with: Cities Credit Scores Median Scores Residents WalletHubcenter_img Demand Propels Home Prices Upward 2 days ago A new report by WalletHub shows that when it comes to solid credit, residents of several cities in Florida and California have the edge on the rest of the country.The firm compared the median credit scores of residents in 2,572 U.S. cities, small medium, and large, and found a steady stretch of 700-plus credit ratings among residents almost all the way up the Atlantic coast. The cluster was especially thick in the southern Atlantic states, namely Florida and Georgia, and in metros known to be retirement hotspots.Overall, The Villages, Florida, had the top median credit score in the United States. Its median score of 807 was, in fact, the only one above 800. Nearby Sun Center, Florida, finished second on the list, with a median credit rating of 789.While two cities in Arizona (Sun City West and Green Valley) placed third and fourth, California saw seven towns in the top 25, more than any other state. Three cities in New York and Massachusetts also made the top 25.The median credit rating for cities in the 99th percentile was around 770.While California has the most cities in the 99th percentile (eight overall), few of the state’s metros are along the Pacific coast. The largest clusters of California cities with high median credit scores are more inland. Coastal cities in California tended towards the bottom third percentile.And while large clusters of Georgia proved to have high median scores, Georgia recorded the most metros—seven—in the bottom 1 percentile for credit scores. New Jersey saw five cities in the bottom 1 percentile and is home to the city with the country’s worst median credit score. Camden posted a median score of 541. The city, along with East St. Louis, Illinois, are the only two cities in the United States with median credit scores below 550.Among major cities, San Jose placed highest, but its placement (620th on the list) suggests that small and medium-sized cities are by far more likely to house residents with top-tier credit scores. That said, San Jose’s median score was 722. That’s about the median U.S. credit rating, judging by WalletHub’s figures. Altogether, 1,075 cities had median credit scores above 700.Detroit, at 552, was the major city with the lowest median rating. That’s a tie for third-worst overall, with Chester, Pennsylvania, and Harvey, Illinois. Fifty-four cities had median scores below 600; Detroit was the only major city in that category. The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post in Daily Dose, Featured, Journal, Market Studies, News The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Ginnie Mae Reports MBS Issuance For December

first_img Ginnie Mae Reports MBS Issuance For December Tagged with: Ginnie Mae MBS issuance Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Government, News January 27, 2020 2,452 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Mike Albanese The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Ginnie Mae announced that issuance of its mortgage-back securities (MBS) was $54.74 billion in December, which provided financing for more than 214,999 homeowners and renters. Of the $54.74 billion, $2.56 billion—including $2.18 billion for multi-family housing—was Ginnie Mae I MBS with the remainder being Ginnie Mae II MBS. The reported outstanding principal balance is $2.11 trillion, which is an increase from December 2018’s $2.04 trillion. Issuances in Ginnie Mae I MBS for single-family housing in December 2019 were $380 million—more than double December 2018’s $148 million. Ginnie Mae announced the issuance of MBS for November 2019 totaling $56.09 billion. Between December 19 and December 24, the Federal Reserve bought $825 million of agency mortgage-backed securities, compared to $1.806 billion purchased the previous week, Reuters reports.None of the mortgages purchased in the week and guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae have been sold, after it sold $200 million the previous week, according to the Federal Reserve Bank of New York.The Fed has been using funds from principal payments on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in agency MBS since 2011.  Print This Post Previous: Inheriting an Underwater Home Next: Spotlight on Financial Services Law Firms Continued Servicers Navigate the Post-Pandemic World 2 days ago Ginnie Mae MBS issuance 2020-01-27 Mike Albanese Related Articles Share Save Sign up for DS News Daily Home / Daily Dose / Ginnie Mae Reports MBS Issuance For December The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

Taoiseach claims water charges will save taxpayers money

first_img RELATED ARTICLESMORE FROM AUTHOR Facebook By News Highland – April 28, 2014 Facebook Three factors driving Donegal housing market – Robinson Previous articleDonegal IFA president backs calls for ‘Primary Produce Price’ legislationNext articleCurran denies claim that supporting addiction centre could reduce Udaras’ job creation budget News Highland Pinterest WhatsApp Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Taoiseach claims water charges will save taxpayers money Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week center_img Guidelines for reopening of hospitality sector published WhatsApp Google+ The Taoiseach has promised that the upcoming water charges will be fair and affordable.The coalition’s due to decide this week on what tariffs will be imposed on the public. The charge kicks in this October, with the first bill arriving in the post in January.Speaking in Co. Wicklow last night, Enda Kenny said in the long run water charges would actually save the taxpayer money, by identifying and fixing leaks.He also said it’ll be the last austerity measure implemented by the Government………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/04/endawater.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter Google+ Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Calls for maternity restrictions to be lifted at LUH Newslast_img read more

JCB sought after serious damage to Lackagh Bridge

first_img PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal HSE warns of ‘widespread cancellations’ of appointments next week Dail to vote later on extending emergency Covid powers RELATED ARTICLESMORE FROM AUTHOR WhatsApp Gardai are investigating what they believe to be a serious act of vandalism on the Lackagh Bridge, near Doe Castle.Over 10,000 euro of damage was caused to the bridge on the main road between Creeselough and Carrigart by a person driving a digger last Friday.As well as significant damage to the bridge, a 6 metre section of the stone wall was  also knocked over and road signs were also damaged in the incident.Sergeant Christy Galligan from Carrigart Garda Station, says a JCB has been seen on CCTV on the morning of the incident:[podcast]http://www.highlandradio.com/wp-content/uploads/2010/12/cgall.mp3[/podcast] Facebook Man arrested in Derry on suspicion of drugs and criminal property offences released By News Highland – December 1, 2010 Pinterest WhatsApp Twittercenter_img Newsx Adverts Facebook Previous articlePublic art piece vandalised on Barnesmore GapNext articleFINAL UPDATE – School Closures confirmed for Thursday December 2nd News Highland Dail hears questions over design, funding and operation of Mica redress scheme Twitter Man arrested on suspicion of drugs and criminal property offences in Derry Google+ Google+ JCB sought after serious damage to Lackagh Bridge Pinterestlast_img read more

Man due in court in Derry on firearms charges

first_img Google+ Previous articleVaradkar pays surprise visit to Malin Coastguard StationNext articlePSNI to reinvestigate killing of Daniel Hegarty in Creggan 40 years ago News Highland Pinterest Facebook By News Highland – July 27, 2012 WhatsApp Dail to vote later on extending emergency Covid powers Pinterest A 26 year old man arrested in Derry is due in court today charged with possession of a firearm with intent to endanger life, possession of a firearm in suspicious circumstances and possession of articles likely to be of use to terrorists.It’s believed the charge relates to a major Operation in the Derry area on 12 July when a number of searches were carried out and a number of suspected firearms recovered. Man arrested in Derry on suspicion of drugs and criminal property offences released RELATED ARTICLESMORE FROM AUTHOR Google+center_img Man due in court in Derry on firearms charges Twitter HSE warns of ‘widespread cancellations’ of appointments next week Twitter PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Facebook News WhatsApp Dail hears questions over design, funding and operation of Mica redress scheme Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more