Freddie Mac CEO Says Future Is Bright Despite No Plans to End Conservatorship

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Brian Honea Related Articles Home / Daily Dose / Freddie Mac CEO Says Future Is Bright Despite No Plans to End Conservatorship Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News, Secondary Market Tagged with: Conservatorship Freddie Mac Secondary Mortgage Market Sign up for DS News Daily On making the system better for the taxpayer, Freddie Mac has become aggressive in the field of credit risk transfer in the last two years in order to reduce taxpayer exposure to mortgage risk.“Depending upon how you measure it, in single-family, we are selling off in the range of 2/3 or 3/4 of the non-catastrophic risk,” Layton said. “Single-family risk transfer was zero a few years ago by comparison. Now it’s a fast-moving field.”Layton said Freddie Mac has perhaps accomplished more in the last few years than in the last decade with the push to achieve the three missions he spoke of in the commentary.“But we’re not resting on our laurels,” he said. “We’re laser-focused on getting better as a company and aggressively improving ourselves. And, with FHFA taking the lead, on making the entire housing finance system better.” 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. October 22, 2015 4,939 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Previous: Mortgage Industry Harmed by Increased Regulation, Survey Finds Next: Wells Fargo Cuts Nearly 500 Mortgage Jobs Due to Distressed Inventory Reduction Freddie Mac CEO Says Future Is Bright Despite No Plans to End Conservatorship Servicers Navigate the Post-Pandemic World 2 days ago Possibly in response to several top government officials in the housing space publicly stating this week that the FHFA’s 7-year-old conservatorships of Fannie Mae and Freddie Mac would not end during the Obama Administration, Freddie Mac CEO Donald Layton published a commentary on the GSE’s website Thursday outlining “Freddie Mac’s Plans for the Future.”Government officials such as Michael Stegman, President Obama’s top adviser on housing policy, and Antonio Weiss, Counselor to the Treasury Secretary, have both stated this week that the conservatorships would continue for at least another year and four months until the next president takes office. Layton made it clear in his commentary, however, that he is focused on making a better mortgage market for the customer and making the system better for the U.S. taxpayer through more credit risk transfer.Layton said Freddie Mac had moved on from the “early-years conservatorship mindset,” which saw the Enterprise being hesitant to take action while it waited for instructions from the government. Now, Layton said, “[w]e’re firmly facing the future, not the past.”Freddie Mac’s charter says the Enterprise’s mission is to help families by being a great market participant in the U.S. mortgage markets dedicated to the “liquidity, stability, and affordability” of those markets, and to be innovative in doing it—helping families whether they rent or own, according to Layton.“In the past, our ‘affordability’ mission was focused mainly on meeting the narrowly-defined affordable goals set by the government,” Layton said. “Now, we view the ‘affordability’ clause in our Charter very broadly, in fact as a ‘community mission,’ This covers classic affordability as well as other things like broad access to credit, foreclosure alternatives (which hardly existed pre-2008), and other community-focused priorities.”Layton cited as an example of this the 97-percent LTV product offered by Freddie Mac that allows buyers to purchase mortgages with 3 percent down payments—and it has been done responsibly and with acceptable credit quality, he said. As a result, the Enterprise has done thousands of loans—more than expected—with this product. Layton also cited Freddie Mac’s partnership with Quicken Loans, announced earlier this week, which is aimed at developing products aimed at satisfying the housing needs of low- to moderate-income borrowers, first-time homebuyers, and millennials.“We’re laser-focused on getting better as a company and aggressively improving ourselves. And, with FHFA taking the lead, on making the entire housing finance system better.”—Donald LaytonAs for the mission of helping the customer, Layton credits the efforts of Dave Lowman, head of Single-Family Business at Freddie Mac, and his team with increasing customer satisfaction. In 2008, only 16 percent of Freddie Mac’s single-family business came from lenders outside the top 10 in the country. But that has changed in the last few years.“We rolled up our sleeves and began to focus on middle-sized and smaller customers,” Layton said. “We added salespeople and newer service models because one size does not fit all. Today, aided of course by market trends favoring smaller lenders, we’ve tripled that 16 percent to about 50 percent.” Subscribe The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Conservatorship Freddie Mac Secondary Mortgage Market 2015-10-22 Brian Honea Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Clayton Holdings Hires EVP of Sales & Marketing

first_img Servicers Navigate the Post-Pandemic World 2 days ago About Author: Xhevrije West Demand Propels Home Prices Upward 2 days ago Previous: ‘Too Big to Fail’ is in Fed’s Crosshairs Next: Foreclosure Sales Are Way Down—But So Are Solutions Tagged with: Clayton Holdings Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Mark HughesClayton Holdings LLC, recently announced the hiring of Mark Hughes as EVP of sales and marketing. The company provides of loan due diligence, surveillance, REO management, and consulting services to the mortgage industry.Hughes will oversee the sales, business development, and marketing for Clayton and its subsidiaries, which include Green River Capital, Red Bell Real Estate, ValuAmerica, and Clayton Euro Risk.According to Clayton Holdings, Hughes has more than 25 years of experience in operational and business development within financial services.“Mark’s dynamic background—with deep experience on both the sales and operational sides of the business—make him a fantastic fit to lead Clayton’s sales and marketing efforts,” said Joseph D’Urso, president of Clayton. “He has an excellent reputation within the securities and lending communities and is recognized as a thought leader in due diligence and private-label securitization.”Prior to his new role, he served as LenderLive’s president of the due diligence division, which provides a broad range of diligence and underwriting services to lenders and investors. Before LenderLive, Hughes was VP of due diligence solutions at CoreLogic.In addition, Hughes spent nine years with the Bohan Group, where he ended up becoming president and COO. He also was a VP at Salomon Brothers, which is now Citigroup. Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post 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 Clayton Holdings Hires EVP of Sales & Marketingcenter_img Related Articles The Best Markets For Residential Property Investors 2 days ago Clayton Holdings 2015-11-30 Brian Honea The Best Markets For Residential Property Investors 2 days ago in Featured, News Servicers Navigate the Post-Pandemic World 2 days ago Home / Featured / Clayton Holdings Hires EVP of Sales & Marketing Demand Propels Home Prices Upward 2 days ago Share Save Is Rise in Forbearance Volume Cause for Concern? 2 days ago November 30, 2015 1,199 Views Subscribelast_img read more

Settlement Monitor Gives SunTrust Thumbs Up

first_img The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post May 19, 2016 1,329 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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. Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Settlement Monitor Gives SunTrust Thumbs Up Share Save Previous: DS News Webcast: Thursday 5/19/2016 Next: Five Years In, a CFPB Progress Report Servicers Navigate the Post-Pandemic World 2 days agocenter_img Related Articles An independent monitor for the 2012 National Mortgage Settlement (NMS) has issued a report that Atlanta-based servicer SunTrust has fulfilled nearly 70 percent of consumer relief obligation and was in compliance with all borrower treatment tests for the second half of 2015.NMS Monitor Joseph A. Smith Jr. reported to the US. District Court of the District of Columbia that through the first half of 2015, SunTrust has provided 16,921 borrowers with slightly more than $370 million under the terms of the settlement.The NMS requires SunTrust to provide $475 million in consumer relief to distressed borrowers by September 30, 2017. SunTrust is also required as part of the NMS to establish a mortgage origination program and to provide $25 million in consumer relief credit by refinancing mortgages for borrowers who otherwise would not have qualified for refinancing.“SunTrust has completed 69 percent of its consumer relief obligation and did not fail any of its tests on borrower treatment during the second half of 2015,” Smith said. “I will continue to monitor SunTrust’s compliance with the NMS and I will report my findings to the Court and the public later this year.”Smith’s Secondary Professional Firm (SPF) assigned to SunTrust, Crowe Chizek, LLP, tested SunTrust’s Internal Review Group’s work on 31 borrower treatment metrics during the third and fourth quarters 2015 and determined that SunTrust passed all metrics. The metrics included complaint response timeliness, incorrect modification denial, foreclosure sale in error, and loan modification document collection timeline compliance.The NMS was originally finalized in April 2012 between 49 states and the District of Columbia, the federal government, and five banks and/or mortgage servicers (Bank of America, Citi, JPMorgan Chase, Ally/GMAC, and Wells Fargo). As part of the agreement, the five servicers were required to provide $20 billion in consumer relief and $5 billion in other payments.SunTrust became party to the NMS in June 2014 when it settled with the DOJ for $968 million to resolve claims that the bank engaged in improper mortgage origination practices as well as servicing and foreclosure abuses.Click here to view Smith’s report filed with the D.C. District Court, which includes a summary of consumer relief provided by SunTrust through the first half of 2015 and SunTrust’s compliance with the NMS through the second half of 2015. Home / Daily Dose / Settlement Monitor Gives SunTrust Thumbs Up Compliance National Mortgage Settlement SunTrust 2016-05-19 Brian Honea The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Compliance National Mortgage Settlement SunTrust Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Brian Honea Sign up for DS News Daily Subscribelast_img read more

Powell Promises ‘Thorough’ Review of BB&T, SunTrust Merger

first_img Banking BB&T CRA Federal Reserve Financial Services Committee Jerome Powell mortgage Senate Banking Committee SunTrust 2019-02-27 Radhika Ojha The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Government, News 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 Related Articles Share Save 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. Jerome Powell, Chairman of the Federal Reserve told the Senate Banking Committee on Tuesday that the Fed would carry out “thorough and transparent” review of the recent BB&T/SunTrust merger before giving it a go-ahead. On Wednesday, during his semi-annual testimony before the House Financial Services Committee, Powell explained, just what that review would entail.Earlier in February, BB&T and SunTrust announced a merger valued at $66 billion that would create the sixth-largest U.S. bank based on assets and deposits, making it the biggest bank deal since the 2007-2009 financial crisis. The merger, which is expected to get completed by the end of the fourth quarter will create an entity whose footprint will cover the East Coast with new corporate headquarters in Charlotte, North Carolina. In terms of its revenue from the mortgage business, the banks projected the combined fee income of the merged entity at $88 billion with 7 percent coming in through residential mortgage banking.Answering a question on the criteria for evaluating bank merger applications, he said that a section of law under the Federal Reserve Act laid out plenty of guidance and detail on the issue. Some of the factors that the Fed considered while evaluating such mergers included, competitive and banking community factors, managerial resources, compliance with consumer fair lending laws and the Community Reinvestment Act (CRA), as well as the combined financials of both the companies.”We also invite public comment. We have a pretty thoroughly worked out process to work through the merger and then we make a decision,” Powell told the committee while pointing out that the number of mergers between banks was the lowest “in at least 15 years” in 2018.Answering a question on how the Fed would look at the BB&T/SunTrust merger during his testimony before the Senate Banking Committee on Tuesday, Powell had said that the process for evaluation was set forth in great detail. “We will go through that process carefully, fairly, thoroughly, and with a lot of transparency,” he said answering a question on the merger from Ranking Member Sen. Sherrod Brown while acknowledging that the Fed had still not received the merger application.He also replied to a question on how the Fed would evaluate the merger based on the banks’ individual CRA ratings given by the Office of the Comptroller of Currency (OCC). “We haven’t changed our policy [on studying recent and past CRA violations] and we do consider the law under convenience and needs of the communities served and that includes consumer compliance and fair lending records and the record of performance under the CRA,” Powell said.Additionally, he said that the Fed would also consider public comments and the full range of information given to them. “Any information that’s presented to us, we’ll also consider,” he said. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Banking BB&T CRA Federal Reserve Financial Services Committee Jerome Powell mortgage Senate Banking Committee SunTrust February 27, 2019 2,051 Views Powell Promises ‘Thorough’ Review of BB&T, SunTrust Merger  Print This Post Previous: Ocwen Leadership Highlights Progress With Q4 Report Next: Will Entry-Level Homes Catch a Cold This Spring? About Author: Radhika Ojha Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Home / Daily Dose / Powell Promises ‘Thorough’ Review of BB&T, SunTrust Merger Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Recognizing Excellence in Default Servicing Law

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Freddie Mac Finalizes $369M NPL Sale Next: Study Recognizes Platform of eMortgage Company  Print This Post Potestivo & Associates, P.C., a legal services provider to the default servicing industry, has been selected for the seventh year in a row as one of “The Best and Brightest Companies to Work For” in the Metro Detroit area for the 2019 state-wide competition.The firm will be honored at an upcoming ceremony, where a representative from the firm will accept the award.“We are very proud to once again be named among the Best & Brightest Companies. It is truly an honor to be the recipient of this award for the seventh year in a row. This award recognizes the high standard that we set for ourselves, to create and maintain a positive work environment,” President and Managing Attorney, Brian Potestivo.The “Best and Brightest Companies to Work For” competition identifies and honors organizations located throughout specific regions. The organizations must display a commitment to excellence in their human resource practices and employee enrichment._____SLK Global Solutions announced its property search solution, SmartProp, is now integrated with the Black Knight ExchangeSM platform. This integration is currently being used by more than 100 title and tax agents to make their property ownership search reporting faster and cost-effective.The Exchange platform is Black Knight’s vendor aggregation software that enables lenders and their service providers to connect and conduct business securely. Lenders using Exchange can now easily place and track orders for title searches using SmartProp®, a web-based property search platform for ownership and lien reports that provides complete visibility into their production system.“This integration with the Black Knight Exchange platform will help us deliver a superior user experience for our clients. We are very excited to have this integration in place because it gives a whole new dynamic for getting title searches completed seamlessly through the SmartProp platform,” said Timothy Moreland, SVP of business development for title insurance solutions at SLK Global Solutions._____Auction.com, the nation’s largest real estate transaction marketplace, has announced the addition of Mikhail Gaushkin as its CMO. In his new role, Gaushkin will lead Auction.com’s marketing organization and continue to drive expansion in buyer markets. His marketing efforts will support Auction.com’s relentless focus towards technological innovation and operational excellence. He will report directly to Min Alexander, General Manager and COO of Auction.com.“I’m very pleased to welcome Mikhail to Auction.com at this time of significant growth and innovation for the organization,” Alexander said. “We are in the midst of unleashing our next generation of Auction Interact technologies, which is revolutionizing real estate sales experiences in real-time. Mikhail’s track record of success creating data-empowered marketing organizations—coupled with his entrepreneurial grit—will help us further advance our position as the nation’s leading real estate marketplace.”Prior to Auction.com, Gaushkin recently held the role of Chief Revenue Officer for JetSmarter, where he was responsible for global go-to-market efforts. His previous roles include Global VP of Marketing and Revenue Growth at GoDaddy.com and several leadership roles within MGM Resorts, Caesars, and Hard Rock Seminole Gaming. Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News, Technology Indsutry pulse 2019-11-07 Seth Welborn Subscribe Demand Propels Home Prices Upward 2 days ago November 7, 2019 1,331 Views 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. Servicers Navigate the Post-Pandemic World 2 days ago Related Articlescenter_img Demand Propels Home Prices Upward 2 days ago Tagged with: Indsutry pulse The Best Markets For Residential Property Investors 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Home / Daily Dose / Recognizing Excellence in Default Servicing Law About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Recognizing Excellence in Default Servicing Lawlast_img read more

Althnagelvin Radiotherapy Unit on track for 2016

first_img Facebook Althnagelvin Radiotherapy Unit on track for 2016 By News Highland – November 22, 2012 Facebook Google+ Previous articleAgrilculture Minister to delay regulations for farmers sharing commonageNext articleGroups have until the end of this month to apply for funding for Gathering News Highland Pinterest Twitter It has been confirmed at the North South Ministerial Council meeting in Armagh that the establishment of a radiotherapy unit at Altnagelvin is still on time.The meeting was told the unit remains on track for a 2016 opening.Delegates at the North South Ministerial Council meeting were told that the business planning process is at the further advanced stage for the establishment of a radiotherapy unit at Altnagelvin.This mean the timeframe for establishment of a radiotherapy unit at Altnagelvin is still on track with a view to the unit being operational by 2016.The location of the radiotherapy unit at Altnagelvin will save patients from Derry, Donegal and Strabane of having to travel hundreds of miles for what is often a short period of treatment.Supporters says It will reduce the impact such journeys have on patients physically and emotionally and lessen the financial hardships it places on families.Welcoming the confirmation that the unit should be open in 2016 – Raymond McCartney MLA said the new facility will make a dramatic impact on the lives of cancer sufferers as it will mean that the vast majority of patients will be able to receive radiotherapy treatment within one hour travelling distance of their homes. Google+ News Twittercenter_img WhatsApp WhatsApp Pinterest RELATED ARTICLESMORE FROM AUTHOR NPHET ‘positive’ on easing restrictions – Donnelly Help sought in search for missing 27 year old in Letterkenny 448 new cases of Covid 19 reported today Three factors driving Donegal housing market – Robinson Calls for maternity restrictions to be lifted at LUH Guidelines for reopening of hospitality sector publishedlast_img read more

Letterkenny included in plans for new 1 gigabit broadband service

first_img 448 new cases of Covid 19 reported today Pinterest Three factors driving Donegal housing market – Robinson NPHET ‘positive’ on easing restrictions – Donnelly WhatsApp Twitter Facebook Facebook By News Highland – May 14, 2015 News, Sport and Obituaries on Wednesday May 26th Google+ Letterkenny included in plans for new 1 gigabit broadband servicecenter_img Homepage BannerNews Twitter RELATED ARTICLESMORE FROM AUTHOR WhatsApp Pinterest Google+ Help sought in search for missing 27 year old in Letterkenny Previous articleFuneral director says Letterkenny running out graveyard spaceNext articleFianna Fail deny reports that they approached GAA star to run in General Election News Highland Letterkenny is one of 50 towns included in the first phase of a new initiative which will see the delivery of internet speeds of up to 1 gigabite.60 jobs and a further 200 in construction have also been announced in the building of the new high-speed broadband network around the country.The ESB and Vodafone are coming together to create SIRO (Sy-Ro) which will invest 450 million euro to initially deliver high speed broadband to fifty towns around Ireland.300 more smaller towns around the country likely to get the service in phase two.But CEO Seán Atkinson says as demand requires this will be increased:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/05/12atkin.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Nine Til Noon Show – Listen back to Wednesday’s Programmelast_img read more

Politicians condemn trouble during olympic torch relay through Derry

first_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Politicians condemn trouble during olympic torch relay through Derry Previous articleMarginal increase in Donegal planning applicationsNext articleStar witness takes to stand for second time today in Michaela McAreavey case News Highland Facebook By News Highland – June 5, 2012 Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey WhatsApp Pinterest Google+ Guidelines for reopening of hospitality sector published Facebook RELATED ARTICLESMORE FROM AUTHORcenter_img Pinterest Politicians have condemned the trouble which erupted in Derry as the Olympic torch was carried through the city.Scuffles broke out after dissident republican protesters blocked the torch’s planned route near the Guildhall.It was forced to go a different way in order to reach the Peace Bridge.The police said they believed a number of dissident republicans were involved. One person was arrested.It was the first time the relay route was disrupted since it arrived in the UK.The dissidents were protesting against policing on day 17 of the relay.Foyle MLA Mark H Durkan said those respsonsible yesterday, abused their right to peaceful protest….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/06/markh1pm.mp3[/podcast] Twitter WhatsApp Calls for maternity restrictions to be lifted at LUH News Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitter Google+ Three factors driving Donegal housing market – Robinson last_img read more

Mixed Reaction to Mc Daid’s resignation

first_imgNewsx Adverts WhatsApp Twitter Calls for maternity restrictions to be lifted at LUH Previous articleDr James McDaid comments exclusively on his resignationNext articleSearch for missing fisherman suspended News Highland The resignation of Donegal North East TD Dr James Mc Daid continues to dominate news both locally and nationally this evening following this morning’s shock announcement. Today’s events moved speedily. Rumours began circulating this morning that Dr James Mc Daid was resigning from Dail Eireann, and just after half past two this afternoon, Ceann Comhairle Seamus Kirk made it official.Dr Mc Daid says he hopes his resignation will expedite a general election. In a letter to the Taoiseach Brian Cowen last week, Dr McDaid called for an election before the budget, saying he believes a strong government with a large majority is needed. That’s a point he echoed on today’s Shaun Doherty Show.Tanaiste and Donegal South West Deputy Mary Coughlan says while she and the government regret Dr Mc Daid’s decision, they don’t accept his assertion that an immediate election is necessary.Ms Coughlan says Dr Mc Daid’s aspiration of a government with a 20 to 30 seat majority is not achievable.Meanwhile, Chief Whip John Curran says the govenrment has enough support to get the budget passed, and was not relying on Dr Mc Daid. He says while Dr Mc Daid has supported the government, his vote was not taken for granted.One of the first politicians to pay tribute to Dr Mc Daid this morning was Donegal North East Fianna Fail Deputy Niall Blaney, whose relationship with Dr Mc Daid has been strained since the amalgamation of Fianna Fail and Independent Fianna Fail.Deputy Blaney admits they have not always seen eye to eye, but says he has always respected the contribution that James Mc Daid has made to politics in Donegal.The other TD in Donegal North East is Fine Gael’s Joe Mc Hugh – He says having attended a meeting with Dr.McDaid last night, he’s shocked at today’s announcement.Inevitable, this decision will raise questions about a By-Election in Donegal North East, and who may represent Fianna Fail in a future poll.One possible candidate will be Senator Cecilia Keavney, who lost her Dail seat in 2007.However, she’s declining to comment on whether she will seek a nomination, saying today is a day to reflect on Dr Mc Daid’s achievements. She says she was first elected to the Dail in a By-Election in 1996, and Dr Mc Daid was instrumental in securing her election.Report by Donal Kavanagh[podcast]http://www.highlandradio.com/wp-content/uploads/2010/11/donal530.mp3[/podcast] Facebook Google+ Twitter RELATED ARTICLESMORE FROM AUTHOR By News Highland – November 2, 2010 Pinterestcenter_img Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Pinterest Guidelines for reopening of hospitality sector published Facebook Mixed Reaction to Mc Daid’s resignation Almost 10,000 appointments cancelled in Saolta Hospital Group this week Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

PSNI confirm two police officers were injured in Derry blast

first_img Facebook Pinterest PSNI confirm two police officers were injured in Derry blast Pinterest Twitter Dail to vote later on extending emergency Covid powers RELATED ARTICLESMORE FROM AUTHOR News A journalist who recently interviewed members of the Real IRA says he’s not surprised Monday night’s bomb in Derry exploded close to a bank.Yesterday police revealed that two officers were injured in the blast on the Culmore Road generated by 200 pounds of explosives packed into a Vauxhall Corsa.The Guardian’s Ireland Correspondant, Henry McDonald spoke to the terror group last month – when they told him they could start attacking banks.He says the dissidents have a range of targets……….[podcast]http://www.highlandradio.com/wp-content/uploads/2010/10/rira830.mp3[/podcast]Meanwhile, it’s expected that British Prime Minister David Cameron will today strongly condemn the Derry attack and other incidents during his speech to the Conservative conference.He’s also expected address the issue of Bloody Sunday, and explain why he believes it was right to apologise to the families of the dead. Facebook Man arrested in Derry on suspicion of drugs and criminal property offences released WhatsAppcenter_img Google+ Google+ Previous articleFormer senator claimed almost €150,000 after Donegal moveNext articleDoherty calls for retention of flight subsidy for cancer patients News Highland HSE warns of ‘widespread cancellations’ of appointments next week WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derry 365 additional cases of Covid-19 in Republic By News Highland – October 6, 2010 PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Twitterlast_img read more