4 Jun

Common sense would light up Croom

first_imgTwitter Facebook Previous articleListen: The Last Post News Roundup April 13, 2019Next articleNo sex assault unit in Limerick despite rise in number of victims Alan Jacqueshttp://www.limerickpost.ie Call to extend Patrickswell public sewer line Email €110,700 for four Limerick Projects under Town and Village Renewal Scheme Richard O’Donoghue, Independent. Photo: Cian ReinhardtINDEPENDENT councillor Richard O’Donoghue has urged Limerick City and County Council to use “common sense” and light up the public road in front of apartments off High Street in Croom.He maintains that the area has suffered a number of ongoing issues because of the lack of public lighting,Sign up for the weekly Limerick Post newsletter Sign Up “This is a public area serviced by a public road. The ongoing issues are anti-social behaviour, especially at holiday time, constant break-ins in the area, with two more house break-ins and one break-in to a car again this week,” he told the Limerick Post.“The lights are there, wired and working, as agreed with Limerick City and County Council at the time that the apartments were built. Residents signed a petition to block off a roadway at the back of High Street and a light was erected to light the public roadway and agreed with the Council.“Thousands upon thousands have been wasted on investigations by the Council and others when hundreds will fix this. Lives and properties can be saved if common sense is used.“I have made countless representations on this matter. I have met on-site with Gardaí due to anti-social behaviour in the area. Countless man-hours have been wasted in an attempt to resolve this issue and my representations are going around in circles.”Cllr O’Donoghue met on-site last week with residents and the owner of the apartments.“Three poles were erected in the area to light up the public road. I discovered yesterday that the power at the main pillar box at High Street, feeding these three poles, has been disconnected,” he said.He is now calling on the local authority to restore, without any further delay, the power to the three poles lighting this public roadway.“The resources of the Gardaí and the Council can be better spent. Common sense must be used in this instance. For an outlay of little more than €200 per annum this public area could be lit and made safe,” Cllr O’Donoghue declared.There was no response from Limerick City and County Council at the time of going to print. Linkedin Heartbroken publicans call time on their Covid lockdown Printcenter_img Advertisement Patrickswell women get to the heart of the matter Limerick people will have their say on ‘bigger picture’ issues WhatsApp NewsLocal NewsPoliticsCommon sense would light up CroomBy Alan Jacques – April 11, 2019 779 TAGSCroomIndependentLimerick CountyLocal Elections 2019local newsNewspoliticsRichard O’Donoghue RELATED ARTICLESMORE FROM AUTHOR Limerick cafe owner calls for injection centres to tackle on-street drug use last_img read more

31 May

Cash-Strapped Consumers Putting Mortgages First

first_imgHome / Daily Dose / Cash-Strapped Consumers Putting Mortgages First Subscribe  Print This Post Tagged with: Credit Score Delinquencies HOUSING Matt Komos pandemic TransUnion About Author: Eric C. Peck in Daily Dose, Featured, Journal, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. Credit Score Delinquencies HOUSING Matt Komos pandemic TransUnion 2021-04-14 Eric C. Peck Previous: Housing Supply to Rise in Second Half of 2021 Next: Challenges Facing Mortgage Loan Borrowers of Color April 14, 2021 5,881 Views Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articlescenter_img 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 The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago In times of financial duress, a new TransUnion study has found that consumers are prioritizing their mortgage loan payments over auto loans and credit cards.TransUnion conducted a payment hierarchy study focusing on the three most popular credit products in the country: mortgages, auto loans, and credit cards. Approximately 27.8 million consumers held all three loans as of Q3 2020, and mortgages were clearly prioritized over the other credit products.The pandemic has caused even greater prioritization of mortgages over the other credit products as remote work situations forced Americans to stay in place and work from home.For those consumers possessing auto loans, credit cards, and mortgages, the 30+ days past due delinquency rate at 12 months following observation was lowest for mortgages, at 0.75%, as of Q3 2020. Auto loans had the second lowest delinquency rate at 1.13%, followed by credit cards at 1.95%. This is very likely connected to the growth in home prices over the last several years, as housing markets across the country have remained strong, and consumers’ desire to protect the equity in their homes. As well, as lockdowns and the shift to work/school from home permeated during the pandemic, keeping current on home loan payments took on increased importance in 2020.“Mortgage is once again the clear priority for U.S. borrowers,” said Matt Komos, TransUnion’s Head of Research and Consulting in the U.S. “The mantra, ‘you can’t drive your home to work’ doesn’t have the same effect when millions of Americans are waking up, showering, eating breakfast, and taking only a few steps to their home office.”In addition to more people working from home and rising home values, mortgage loan performance is likely benefitting from thousands of mortgage borrowers entering accommodation programs soon after the onset of the pandemic. The study points to both subprime and near prime credit risk mortgage borrowers benefitting the most from these programs as they were able to delay payments and maintain their accounts.“TransUnion has tracked payment hierarchy dynamics for more than a decade, including how these patterns changed in the U.S. following the Great Recession and in many other countries when they have encountered localized financial challenges,” said Charlie Wise, head of global research and consulting at TransUnion. “This study is unique in that it highlights how and why payment dynamics changed in different countries as a result of the COVID-19 pandemic—a global crisis that has impacted consumers worldwide. These insights will better equip both financial institutions and consumers, fostering more trustworthy interactions between them as the world begins to normalize and recover from the pandemic.”According to the study, the negative implication of a missed payment to a credit score was understood most by credit card and personal loan holders, as approximately 68% of credit card holders and 65% of consumers with personal loans said a consequence of a missed payment would result in a lower credit score. Comparatively, consumers with auto loans (55%) and mortgages (57%) were not as aware of this consequence.Click here to read more about TransUnion’s Global Payment Hierarchy study. Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Cash-Strapped Consumers Putting Mortgages Firstlast_img read more