Vacancy Rates Inch Upward

first_imgHome / Daily Dose / Vacancy Rates Inch Upward Servicers Navigate the Post-Pandemic World 2 days ago Previous: A Tough Market Means Tough Decisions Next: Homeownership is the Key to Wealth-Building, Middle Class Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Census Bureau single-family housing Vacancy Rate 2015-10-28 Brian Honea Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days agocenter_img National vacancy rates for both rental and homeowner housing inched slightly upward year-over-year in Q3, according to data released by the Department of Commerce’s Census Bureau on Tuesday.The vacancy rate for rental housing in Q3 2015 was 7.3 percent, an increase of 0.1 percentage points from the same quarter a year ago. The homeowner vacancy rate was 1.9 percent in Q3, up 0.1 percentage points both month-over-month and year-over-year.Vacancy rates in rental housing were highest outside of Metropolitan Statistical Areas at 9.2 percent and were lower in principal cities at 7.7 percent and suburbs at 6.2 percent. The homeowner vacancy rate was also highest outside MSAs at 2.5 percent and was slightly lower inside principal cities at 1.9 percent and in the suburbs at 1.7 percent.Overall in Q3, approximately 87.1 percent of single-family housing units were occupied and 12.9 percent were vacant, according to the Census Bureau. About 55.5 percent of all single-family housing units were owner-occupied in Q3, while renter-occupied units comprised bout 31.6 percent of single-family housing inventory in the third quarter.Single-family units that were vacant year-round made up about 9.7 percent of total housing units in the third quarter; 3.2 percent of vacant units were used seasonally, according to the Census Bureau. About 2.5 percent of total single-family units were for rent and 1.1 percent were for sale. Slightly less than 1 percent (0.9) of units had been sold or rented but were yet to be occupied.Out of the vacant units that were held off the market, which comprised 5.3 percent of the country’s total housing stock in Q3, “1.5 percent were for occasional use, 0.9 percent were temporarily occupied by persons with usual residence elsewhere (URE), and 2.8 percent were vacant for a variety of other reasons,” according to the Census Bureau.Also according to the Census Bureau’s report on Tuesday, the country’s overall homeownership rate climbed by 0.3 percentage points from Q2 to Q3 up to 63.7 percent; Q2’s reported rate of 63.4 percent was a 48-year low. In the third quarter of 2014, the homeownership rate was 64.4 percent. About Author: Brian Honea Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Census Bureau single-family housing Vacancy Rate Demand Propels Home Prices Upward 2 days ago Vacancy Rates Inch Upward 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 October 28, 2015 974 Views Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Ginnie Mae Passes Freddie Mac in Outstanding MBS

first_img Related Articles  Print This Post Share Save Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Ginnie Mae Passes Freddie Mac in Outstanding MBS Tagged with: Freddie Mac Ginnie Mae Residential Mortgage-backed securities RMBS Home / Daily Dose / Ginnie Mae Passes Freddie Mac in Outstanding MBS Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea in Daily Dose, Featured, Government, News 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. Freddie Mac Ginnie Mae Residential Mortgage-backed securities RMBS 2016-06-23 Brian Honea The Best Markets For Residential Property Investors 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Fed: 33 Largest Banks Pass Stress Tests Next: New Home Sales Retreat as Supply Holds Steady June 23, 2016 1,979 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Ginnie Mae’s share of outstanding mortgage-backed securities in May 2016 was 27.6 percent, just edging out Freddie Mac—marking the first time ever that Ginnie Mae has had more outstanding securities than Freddie Mac, according to data from the Urban Institute.The Urban Institute’s June 2016 Chartbook indicated that in May 2016, aggregate agency outstanding securities totaled about $5.89 trillion. The majority of these securities were guaranteed by Fannie Mae (44.6 percent). Ginnie Mae had 27.6 percent of the market; Freddie Mac, due to rounding, also had 27.6 percent.“What’s most important about this milestone is not that we have passed Freddie Mac in outstanding mortgage-backed securities, but that Ginnie Mae’s public-private partnership model assured credit access would continue for borrowers and supported the housing recovery,” Ginnie Mae president Ted Tozer said. “The strength of this partnership has enabled more than 10 million families achieve the American dream. This is a tribute to the staff at Ginnie Mae and the private sector diligently working together to expand and enhance affordable housing finance.”Debt in the private-label securitization market totaled $606 billion in April 2016, according to the Urban Institute, with the majority of the debt in Alt-A loans (42.1 percent), followed by subprime (38.6 percent) and prime (19.3 percent). Agency mortgage-backed securities made up about 58.5 percent of the total mortgage market; private-label securities made up about 5.8 percent.Unsecuritized first-liens at the GSEs, commercial banks, savings institutions, and credit unions made up 29.4 percent, while second liens comprised about 6.2 percent, according to Urban Institute.The overall value of the residential housing market as of the end of Q1 increased to $23.71 trillion due to increases in total debt and mortgages (up to $10.01 trillion) and household equity (up to $13.70 trillion).Click here to view the complete Urban Institute Chartbook for June 2016. Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Sign up for DS News Daily last_img read more

Revitalizing D.C.’s Neighborhoods

first_img  Print This Post Related Articles Subscribe October 23, 2018 1,513 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Home / Daily Dose / Revitalizing D.C.’s Neighborhoods Tagged with: amazon Homes HOUSING Urban Institute Wells Fargo The Best Markets For Residential Property Investors 2 days ago amazon Homes HOUSING Urban Institute Wells Fargo 2018-10-23 Radhika Ojha 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. Previous: BCFP Tallies Consumer Worries Next: Is History Repeating Itself? The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img On Tuesday, Wells Fargo announced an investment of $1.6 billion in lending and philanthropy to help revitalize neighborhoods in Washington, D.C. through its Where We Live program, in collaboration with the National Community Reinvestment Coalition and other local organizations.Through this program, Wells Fargo will triple its community giving and concentrate resources on affordable housing, small business growth, and job skills. Its commitment includes $6 million towards nonprofit housing initiatives like down payment assistance and development of affordable rental properties as well as a loan and equity investments totaling more than $1.5 billion to maintain or grow its commitments in home lending, small business lending and community lending and investment over five years.”The Where We Live program is rooted in two things: investments that help people live, work and thrive, and a deep understanding that neighborhoods need long-term partners,” said Tim Sloan, CEO, Wells Fargo. “It builds on Wells Fargo’s legacy of empowering residents and small businesses in our nation’s capital for the past 100 years, and our desire to create a compelling community investment model in Washington, D.C.”The Washington D.C. metropolitan area has lagged behind in growth when compared to other large U.S. metropolitan areas, according to the Urban Institute, but that’s changing. Even as Wells Fargo’s investments aimed at improving the lives of communities in some of the neighborhoods was announced, the Urban Institute analyzed what it would mean for the housing market in this area if Amazon chose Washington, D.C. for its HQ2.The study said that with healthy job growth the Washington region had also experienced a rapid growth in population, especially in the inner region. While housing production had kept pace with this growth historically, the study found that since 2010 housing production had fallen short, increasing only 3 percent per year compared to a population growth of 7 percent per year. “With the shortfall in production, housing vacancy rates have dropped for both rental and for-sale housing. As of 2012–16, the rental vacancy rate for the inner region stands at 5 percent, and the vacancy rate for for-sale housing is 1.1 percent,” Urban Institute said.It also revealed that along with the shortfall in housing production, the surge in high-income households put upward pressure on house prices and rents, making it more challenging for both low- and middle-income households to find housing they could afford.With housing prices increasing, a growing number of households paying a larger share of their income towards housing, and workers trading short commutes for affordability, the study said that the arrival of Amazon’s HQ2 would increase the pressure in the region’s housing market. “Without substantially more housing production at a wide range of rent levels and price points, the challenges of rising affordability pressures and lengthening commutes will intensify, and more households will experience hardship,” the study said. Servicers Navigate the Post-Pandemic World 2 days ago About Author: Radhika Ojha Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Investment, News Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Revitalizing D.C.’s Neighborhoods Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

Parental Opportunities

first_img Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Parental Opportunities Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Homeownership HOUSING Millennials Renters Urban Institute Demand Propels Home Prices Upward 2 days ago Homeownership HOUSING Millennials Renters Urban Institute 2018-10-31 Scott Morgan Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, News October 31, 2018 1,106 Views Previous: Ten Years of Transformation Next: State of the SFR Investment Marketcenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Parental Opportunities Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Share Save About Author: Scott Morgan Subscribe The Best Markets For Residential Property Investors 2 days ago  Print This Post Related Articles 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. Children of homeowners are more likely to become homeowners than children of renters, even as younger renters are coming late to homeownership. Such is the conclusion of a 16-year study by the Urban Institute that looks into homeownership across multiple generations.The study finds that having a homeowning parent increases a young adult’s likelihood of being a homeowner by 7 to 8 percent. Parental wealth also has an effect. According to the study, for every additional 1 percent of parents’ wealth, the chances of their children owning a home themselves ticks up as much as two-tenths of a percent. Young adults are more likely to be homeowners if their parents’ wealth is above $200,000.“The impact of parental wealth is also higher in low-cost cities where housing is more affordable,” the report stated. “Young adults in high-cost cities are also more likely to be homeowners if their parents have greater wealth.”However, a big factor in whether Millennials enter the market seems to be the financial crisis from a decade ago. According to the report, the relationship between parents who own and young adults who own weakened after the housing crisis.“The crisis may have shifted young adults’ perceptions of homeownership, especially before the economic recovery,” the report stated. “The influence of parental wealth on a young adult’s homeownership became slightly stronger post-crisis, probably reflecting the tighter borrowing constraints.”The report suggests that a parent’s wealth can be a major factor in younger homeownership, as a parent typically helps a young adult with a downpayment. Ironically, though, this dynamic might better help less wealthy parents in less expensive cities.“For the lower income group, parental wealth transfers may not be enough to help the child to obtain a mortgage. The high-income group will rely less on parental support, as they are likely to have enough financial resources to access homeownership independently.Whatever has caused it, Urban Institute found that young adults are delaying the transition to homeownership.“Millennials ages 18 and 34 are 7 to 8 percentage points less likely to be homeowners than Gen Xers and baby boomers at the same age,” the report stated.last_img read more

Trump Administration Mulls Mortgage Moratorium Plan

first_img  Print This Post Coronavirus Donald Trump housing market 2020 2020-03-17 Mike Albanese Subscribe March 17, 2020 2,634 Views Share 1Save Previous: SFR Growth Propped Up by Low End Rentals Next: GSEs Release Secondary Market Updates About Author: Mike Albanese Sign up for DS News Daily Tagged with: Coronavirus Donald Trump housing market 2020 Home / Daily Dose / Trump Administration Mulls Mortgage Moratorium Plan The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, News Servicers Navigate the Post-Pandemic World 2 days ago Bloomberg reports that the Trump administration is considering a plan to allow homeowners whose income was impacted by COVID-19 to delay mortgage payments. The report adds a mechanism for borrowers to catch up has yet to be decided. Also, the government will have to determine how to advance money to servicers so investors in mortgage-backed securities get their guaranteed payments. “It is essential for the administration to consider all options that protect the housing infrastructure—including the affected homeowners and families during this unprecedented health crisis,” said Ed Delgado, President & CEO, Five Star Global. “The industry has the tools and the protocol in place for a rapid deployment of solutions in the event of a crisis or natural disaster. There were powerful lessons learned from the 2008 housing crisis and the bevy of natural disasters encountered in the past decade, which have sharpened the execution and delivery of immediate and long-term solutions for troubled homeowners.”Michael Fratantini, Chief Economist with the Mortgage Bankers Association, said “tens of billions” of dollars in short-term financing may be needed, according to the Bloomberg report. “This is so big,” Fratantoni said in the Bloomberg report. “We’re thinking of the potential of several months of payments for a lot of homeowners.”The report continues by saying the White House has been in talks with mortgage lenders to discuss their views on policy responses, according to a government official. Bloomberg states the policy could model previous forbearance programs after natural disasters. The plan will also have to be consistent for all mortgages, including Fannie Mae, Freddie Mac, and the Federal Housing Administration. To support homeowners and address the industry impact that COVID-19 may have, under the direction of the National Mortgage Servicing Association (NMSA), leaders from across the mortgage industry are joining forces to create the COVID-19 Mortgage Industry Task Force (ITF) to coordinate on processes, procedures, and policies related to the crisis.Wes Iseley, Senior Managing Director, Carrington Mortgage Holdings, Chairman, NMSA, said, “It’s important during crises like this that our industry work together to help our customers in unison. It is our goal to work with the relevant government agencies in order to develop best practices that will enable all parties to get through this difficult period.””The industry is well-positioned to assist borrowers who are impacted by the COVID-19 virus on a case-by-case basis through well-established loss mitigation programs. Our clients can evaluate the need and provide meaningful assistance to those borrowers to preserve their ability to keep their homes,” said Roy Diaz, Managing Shareholder, Diaz Anselmo Lindberg, P.A.More than 25 mortgage banks and nonbank servicers, legal professionals, and service providers will take part in the coalition. Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 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 Demand Propels Home Prices Upward 2 days ago Trump Administration Mulls Mortgage Moratorium Planlast_img read more

DS5: Former Freddie Mac CEO Discusses Market Stabilization

first_img 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. Tagged with: Don Layton DS5 May 5, 2020 2,646 Views Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Media, News, Webcasts Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago DS5: Former Freddie Mac CEO Discusses Market Stabilization Tune in to the newest DS5: Inside the Industry for a conversation with industry veteran Don Layton, Freddie Mac CEO (2012-2019) and Harvard Joint Center for Housing Studies Senior Industry Fellow.He shares his thoughts on how the Fed has worked to stabilize the mortgage market. He’ll also touch on how the GSEs are working to address potential liquidity shortfalls brought on by mortgage forbearance programs.You can watch the full episode here or at the embed below. Home / Daily Dose / DS5: Former Freddie Mac CEO Discusses Market Stabilization Servicers Navigate the Post-Pandemic World 2 days ago Previous: Senate Weighs Federal Housing Commissioner Nominee Next: Proctor Financial Acquires Loan Protector Don Layton DS5 2020-05-05 Seth Welborn Share Save  Print This Postlast_img read more

Government deal expected to defer 3.1 billion euro payment

first_img Facebook Government deal expected to defer 3.1 billion euro payment Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Google+ WhatsApp Newsx Adverts Guidelines for reopening of hospitality sector published Three factors driving Donegal housing market – Robinson Calls for maternity restrictions to be lifted at LUH Twitter Facebook Previous articleMan denies 46 sex charges alleged to have happened in DonegalNext articleClonmany Festival issues raised in Carndonagh court News Highland center_img Pinterest WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week RELATED ARTICLESMORE FROM AUTHOR The Minister for Finance has said that the Government is involved in negotiations with the European Central Bank which is expected to defer the payment of a 3.1 million euro promissory note at the end of this month.The deal would in effective restructure the Anglo Irish Bank promissory note payment delaying it until 2025.Responding, Donegal Deputy Pearse Doherty said that it appears that what the Government has succeeded in doing is replacing a promissory note to Anglo Irish Bank with a sovereign government bond to Anglo Irish bank.He added “If this is the case it will not reduce our debt levels and we will still be liable to pay the full €31bn to Anglo Irish bank at a future date.“While this arrangement may have some short term benefits, what is needed and what Sinn Féin has consistently demanded is for this debt to be written down.“Sinn Féin will be the first to congratulate the Government if they secure a write down of this debt. However it would be premature to comment until we see the full details’ Twitter Pinterest Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton By News Highland – March 21, 2012 last_img read more

Concern for jobs as 17 Gweedore workers are put on 3 day week

first_img Previous articleThomas Pringle calls for civil disobedience on household taxNext articleManhunt underway for escaped Donegal prisoner News Highland Concern for jobs as 17 Gweedore workers are put on 3 day week Twitter Google+ HSE warns of ‘widespread cancellations’ of appointments next week Facebook RELATED ARTICLESMORE FROM AUTHOR Dail to vote later on extending emergency Covid powers Pinterest Newsx Adverts WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derrycenter_img Google+ Man arrested in Derry on suspicion of drugs and criminal property offences released WhatsApp PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Twitter Dail hears questions over design, funding and operation of Mica redress scheme Facebook Pinterest 17 workers of Sioen Ireland were told today that they will have to go on a three day week on short time work from next week onwards.The Gweedore based company produce protective clothing and equipment.Reacting to the news local Deputy Pearse Doherty said:“There is never a good time to hear this sort of news that was given to the 17 workers of Sioen Ireland in Gweedore. I am sure that many of these individuals are already struggling with the burden of new taxes and cuts that have been foisted on them by this Government. Today’s news will make an already difficult situation worse.“I am aware that the management of Sioen Ireland have through very challenging times successfully retained employment here in Donegal despite external pressures. This wouldn’t be the first time that staff were required to work short time. On a previous occasion the management were able to trade out of the difficulties and return staff to full time hours.“I can only hope that this will be the outcome on this occasion.” By News Highland – March 15, 2012 last_img read more

Councillors to help community in Churchill pay for independent water analysis

first_img Pinterest RELATED ARTICLESMORE FROM AUTHOR By News Highland – September 10, 2014 Facebook Pinterest Google+ HSE warns of ‘widespread cancellations’ of appointments next week News PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal WhatsApp Man arrested in Derry on suspicion of drugs and criminal property offences released Man arrested on suspicion of drugs and criminal property offences in Derrycenter_img WhatsApp Twitter Google+ A cross party group of six local councillors are chipping in to pay the bill for an independent laboratory to carry out tests on water in the Churchill and Glenswilly area outside Letterkenny.Frustrated residents and businesses are fed up with the discoloured nature of their water, and many have concerns about whether it is safe to drink.Now, following a local meeting in McClafferty’s Bar in Churchill, independent analysis of the water is being sought.Cllrs. Ciaran Brogan, Jimmy Kavanagh, Mick Quinn, Michael McBride, James Pat McDaid, Dessie Shiels are supporting the independent testing.Cllr Michael Mc Bride is Mayor of the Letterkenny Municipal District – He’s been outlining why he and his colleagues made this decision…………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/09/michrawwater.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Previous articleCanning warns of potential for increased break-ins over All Ireland Final weekendNext articleRecord revenue announced at Manchester United News Highland Councillors to help community in Churchill pay for independent water analysis Dail to vote later on extending emergency Covid powers Dail hears questions over design, funding and operation of Mica redress scheme Twitter Facebooklast_img read more

Derry woman disgusted at suspension of inquest into brother’s shooting

first_img PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Dail to vote later on extending emergency Covid powers Pinterest Man arrested in Derry on suspicion of drugs and criminal property offences released RELATED ARTICLESMORE FROM AUTHOR Google+ News Pinterest WhatsApp Twitter Facebook Facebookcenter_img By News Highland – November 16, 2012 The sister of a Derry youth shot dead by the British army in 1972 has said she is ‘disgusted’ at the decision by coroner John Lecky to suspend new inquests into 14 deaths that were ordered by Attorney General John Larkin.Mr. Lecky suspended the hearings and referred the matters back to the Secretary of State on the grounds that he believed the Attorney General had exceeded his powers and that there were ‘national security issues.Helen Deery, whose brother Manus was shot dead in May 1972 in the Bogside described the decision as another assassination of the victims.Manus Deery was 15-years-old when he was shot dead by a British soldier on May 19 1972.In February this year the Deery family were critical of an Historical Enquiries Team report into the death which said the soldier had been justified in firing. However in June the Attorney General ordered a fresh inquest into the death.At the time the soldiers claimed they were firing at a gunman in the rear of the Bogside Inn during the no-go area a claim supported by the HET report.However, witnesses who were in the area at the time all denied seeing any gunman.Speaking after yesterday’s hearing, Helen Deery said her brother was shot dead as he stood eating a bag of chips, asking “Where is the national security issue in that?”Calling on the Stormont Assembly to act, she added all the witnesses to Manus’ death were ready to come forward and tell their story, asking if the state is afraid of what may come out of the inquest. Dail hears questions over design, funding and operation of Mica redress scheme WhatsApp Derry woman disgusted at suspension of inquest into brother’s shooting Twitter HSE warns of ‘widespread cancellations’ of appointments next week Previous articleMajor cross border project launched in Pettigo – TullyhommonNext articleSligo drug seizure echoes last week’s find in Letterkenny News Highland Google+ Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more