Rents in Limerick average €688 per month

first_imgEmail Previous article‘Campaign of intimidation’ leads to two jailed for five yearsNext articleTractor drove too slow on motorway admin RENTS in Limerick fell by 3.2% to an average of €688 per month, according to a recent survey by property website, Daft.ie.Nationwide they fell by just over half a percent (0.6%), over the course of 2010.The fall compares with a drop of 15% during 2009. The average rent nationwide now stands at €830, 27% below the 2007 peak.Sign up for the weekly Limerick Post newsletter Sign Up Advertisement Twitter WhatsApp Facebook Linkedin In Cork and Galway, rents were largely unchanged over the year. In Waterford and Limerick cities, rents fell by between 3% and 4% over the course of 2010.In Munster, rents fell by an average of 1.9% in the final three months of the year, having fallen by 1.1% between June and September.The average rent in Limerick city in the third quarter of 2010 was €690, a fall of €230 from peak levels in 2007. In the rest of the county,  rents are €615 on average, down €185 from the peak.Average rents in the cities, Q4 2010Dublin: €1080, up 0.3% during 2010Cork: €824, down 1.9% during 2010Galway: €804, down 0.3% during 2010Waterford: €645, down 4.1% during 2010 Print NewsLocal NewsRents in Limerick average €688 per monthBy admin – February 9, 2011 550 last_img read more

Avoiding Foreclosure at All Costs

first_img Share Save About Author: Krista F. Brock Previous: McCalla Raymer Leibert Pierce Expands Into Washington, Oregon, Texas Next: Loan Denial Rates Decline The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: FHA Foreclosure HUD Subscribe  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Foreclosure, News Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Avoiding Foreclosure at All Costs The Best Markets For Residential Property Investors 2 days ago FHA Foreclosure HUD 2020-07-02 Mike Albanese Avoiding Foreclosure at All Costs Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily As policymakers continue to discuss how to react to the current economic disruption, new research aims to highlight lessons from the last major economic crisis. In a series of briefs, Harvard University’s Joint Center for Housing Studies (JCHS) and the Federal Reserve Bank of Boston highlight alleged shortcomings at the Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) during the Great Recession and revisits the potential for principal reductions on FHA-insured loans.The briefs are written from the premise that foreclosures have far-reaching negative impacts, and thus any and all practical steps to avoid foreclosure should be taken.“The literature on foreclosure is unequivocal: foreclosure is detrimental to households, to neighborhoods, and to the municipalities in which the homes are located,” wrote Rachel Bratt, author of the research briefs published this week.Bratt studied the policies of HUD and the FHA leading into and during the Great Recession and offered several areas for the agencies to explore moving forward in order to prevent foreclosures and their negative impacts.She proposes HUD consider the option of principal debt forgiveness, which is currently forbidden at the agency and has been debated in the past for its moral hazard. Bratt said HUD could offer a partial-payment option, in which the department covers a portion of a borrower’s principal.Acknowledging that the FHA’s Mutual Mortgage Insurance (MMIF) is currently sound, Bratt suggests the agency could do more to help borrowers in need.“Going forward, the fund must continue to function in a financially sound manner, but HUD also should be willing to draw on the fund to help homeowners remain in their homes,” she wrote.When borrowers become delinquent, it is common practice for HUD to sell those loans into the private market. Bratt calls on HUD to monitor those private entities to ensure they take appropriate steps in foreclosure prevention.In some areas, Bratt calls for “more consistent and better enforcement” of existing rules and policies at HUD. For example, “the requirement that the lender offer a face-to-face interview to the mortgageor prior to foreclosure, represents a case of lender/servicer noncompliance and HUD enforcement failure,” she wrote.The research is particularly timely as the economy faces another recession and “we will likely soon be facing an increase in loan defaults and foreclosures, as significant numbers of people are unable to make their mortgage payments,” according to the research. The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles July 2, 2020 1,244 Views last_img read more