Report: Highest Percentage of Seriously Underwater Loans in Q3 Originated During Housing Boom

first_img in Daily Dose, Featured, Market Studies, News Home / Daily Dose / Report: Highest Percentage of Seriously Underwater Loans in Q3 Originated During Housing Boom  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago The highest percentage of residential mortgage loans that were seriously underwater in this year’s third quarter were originated during the housing bubble between 2004 and 2008, according to RealtyTrac’s U.S. Home Equity & Underwater Report for Q3 2014.RealtyTrac reported that about 15 percent of all residential properties with a mortgage in the U.S. were seriously underwater in Q3, meaning the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market value. About 40 percent of the mortgage loans originated in 2006 were seriously underwater in Q3 2014, the highest percentage for any year after 2004, according to RealtyTrac.The number of Q3’s seriously underwater mortgages that were originated in the years following 2006 has declined steadily with each year before inching back up in the last two years. The percentage of seriously underwater mortgages in Q3 originated in 2007 was 35 percent; in 2008, it was 25 percent; and for every year, it declined until hitting a low of 7 percent in 2012. The percentage of mortgage loans originated in 2014 that were seriously underwater in Q3 was 10 percent.Meanwhile, the highest percentage of equity-rich homeowners, which are those with at least 50 percent equity in their properties, were those who bought or refinanced their homes between 1994 and 1998, according to RealtyTrac.The highest percentage of seriously underwater homeowners in Q3, according to RealtyTrac, were those that owned homes that were worth less than $200,000. About 55 percent of homes worth less than $50,000 were seriously underwater in Q3, while only 10 percent of homes in that price range were equity rich. About 34 percent of homes in the price range of $50,000 to $100,000 were seriously underwater, while 13 percent were equity rich.Homes worth more than $200,000 had lower percentages of seriously underwater homeowners and higher percentages of equity rich homeowners in Q3, according to RealtyTrac. For example, about 6 percent of homeowners with homes worth between $500,000 and $750,000 were seriously underwater, while 31 percent of homeowners with homes in that price range were equity rich. Servicers Navigate the Post-Pandemic World 2 days ago October 27, 2014 908 Views Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: equity rich properties RealtyTrac Seriously Underwater Mortgages About Author: Brian Honea 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 Best Markets For Residential Property Investors 2 days ago Previous: Optimism Among Home Sellers Declines in Q3 Next: DS News Webcast: Tuesday 10/28/2014 equity rich properties RealtyTrac Seriously Underwater Mortgages 2014-10-27 Brian Honea Share Save 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 Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Report: Highest Percentage of Seriously Underwater Loans in Q3 Originated During Housing Boom Subscribelast_img read more

Justice Department, CFPB Settle With California Lender To Resolve Discrimination Claims

first_img in Daily Dose, Featured, Government, News May 28, 2015 868 Views Justice Department, CFPB Settle With California Lender To Resolve Discrimination Claims Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: California Consumer Financial Protection Bureau Department of Justice Provident Funding Associates Settlements About Author: Brian Honea Previous: Representative Waters Asks HUD For More Transparency For Non-Borrowing Spouses on HECMs Next: DS News Webcast: Friday 5/29/2015 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe  Print This Post 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. Related Articles The Best Markets For Residential Property Investors 2 days ago California Consumer Financial Protection Bureau Department of Justice Provident Funding Associates Settlements 2015-05-28 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago The U.S. Department of Justice and the Consumer Financial Protection Bureau (CFPB) have reached a settlement resolving allegations of discriminatory lending based on race on the part of California-based Provident Funding Associates, according to a joint announcement from the two government agencies.The settlement, filed in conjunction with the agencies’ complaint in the U.S. District Court for the Northern District of California, is subject to court approval. The complaint accuses Provident of violating the Fair Housing Act by charging thousands of African-American and Hispanic borrowers higher fees based on their race or national origin rather than on borrower risk.”Consumers should never be charged higher fees because of their race or national origin,” said Consumer Financial Protection Bureau Director Richard Cordray. “We will continue to root out illegal and discriminatory lending practices in the marketplace. I look forward to working closely with our partners at the Department of Justice to ensure consumers are treated fairly.”The suit resulted from a 2011 referral by the Federal Trade Commission to the Justice Department’s Civil Rights Division. The CFPB joined the investigation in 2012. According to the announcement, Provident fully cooperated with the investigation and agreed to settle the allegations without contested litigation.”The law is clear: access to mortgage loans may not be made more difficult because of an applicant’s race or national origin,” said U.S. Attorney Melinda Haag of the Northern District of California. “We are glad that Provident has agreed to put an end to this practice without engaging in protracted litigation.”The proposed settlement calls for Provident to pay $9 million into a fund for the victims of the alleged discriminatory lending. Payments will be dispersed by an independent administrator to borrowers identified by the agencies as victims in the case under the terms of the settlement. Provident will pay all expenses related to the use of the independent administrator.To view a copy of the government agencies’ complaint against Provident, click here. To view a copy of the consent order filed by the government agencies, click here. Home / Daily Dose / Justice Department, CFPB Settle With California Lender To Resolve Discrimination Claims Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Insuring Against Collapse

first_img Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: ‘A Strong Shift In Housing Demand’ Next: Homeownership Gets a Boost from Young Americans 2018-07-26 Kristina Brewer Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Headlines, Print Features  Print This Post Demetrius Gray is the CEO and Founder of WeatherCheck, the only company making premise-specific damage assessments and sending pre- and post-event weather alerts to trigger specific actions. Gray, a third-generation entrepreneur, started WeatherCheck after experience in the finance, roofing, and reconstruction industries helped him realize that key processes were ripe for authentic disruption. He recognized an opportunity to automate damage detection and speed claims processing and repairs after weather damage. About Author: Demetrius Gray The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles July 26, 2018 2,188 Views Editor’s note: This feature originally appeared in the July issue of DS News.The lender-placed insurance (LPI) market may be about to change radically. After six years of discussion, the National Association of Insurance Commissioners (NAIC) is expected to approve new model law guidelines this fall. Carriers may soon thereafter face new regulation. According to NAIC, lender-placed insurance is placed on a home by a bank or mortgage servicer when the homeowner does not maintain valid or sufficient insurance based on the terms of the mortgage agreement. If a homeowner’s insurance policy lapses and is not replaced, many mortgage agreements allow the lender to purchase insurance on the home and require the borrower to pay the premiums. Following the 2008 real estate market crash, consumer groups and regulators raised concerns over the often high premiums and limited coverage provided under lender-placed insurance, as well as the perceived lack of incentives for lenders to select the best policies for the borrowers. Following a 2012 NAIC public hearing on the subject, a Working Group was formed to draft a new model law to address these issues.The Scope of the ProblemThe industry’s movement to self-correct followed public, widespread difficulties in critical segments that brought to light shortcoming in LPI practices. In 2011, practices in New York led to multi-million dollar penalties against insurers and lenders and restitution for property owners. Regulators discovered cases of “reverse commission” wherein insurers providing the coverage had created incentives to push premiums higher, which allowed lenders and mortgage servicers to share in the profits from the higher rates, and far lower usage. And more recently, QBE and Assurant, which between them at one time dominated the market with 99.7 percent of policies written, reached a settlement with dozens of states regarding lender-placed property. A 2012 Government Accountability Office report highlighted a lack of comprehensive data at the state and national levels, limiting effective oversight of the LPI industry. For example, the report says, regulators lack reliable data that would allow them to evaluate the cost of LPI or the appropriateness of its use.The report also called out incomplete and missing data within NAIC-required state annual reports, calling on NAIC members to develop policies and procedures “sufficient for ensuring their reliability.” These criticisms are directly addressed in the new model guidelines. Industry officials explained in testimony before the Working Group that factors in the cost of LPI premium factors include: All risks taken, as LPI policies are written for portfolios, not individual propertiesAutomatic issuance commitment to servicer and investorFannie/Freddie Servicing Guides require “continuous coverage”Residential insurer of last resort in all states80-90 percent of LPI policies are properly placedResidual markets generally have underwriting restrictionsNearly 60 percent of exposure is in hurricane-prone statesA heavy percentage of properties are vacant, and there are no coverage restrictions if property vacantMany properties have poor loss history or in high physical risk areas and cannot be insured by standard or residual marketsIncreased risk makes LPI more expensive than standard coverageNational average is less than twice the prior standard premiumCommonly, lenders engage third parties to monitor insurance for the portfolio to leverage economies of scale and expertise, and to streamline the monitoring process in insurance matters. Typically, three or more notices are given to borrowers before LPI becomes an option: when a policy has been allowed to expire or be canceled; 30 days later; and 60 days after the second notice.Setting a Course CorrectionFlorida insurance commissioner David Altmaier is the chair of the Lender-Placed Insurance Model Act Working Group, formed from members of the NAIC’s Property and Casualty Insurance Committee. He is the lead writer for the new model law.The model draft states that its purpose is manifold: To promote the public welfare by regulating lender-placed insurance on real property; to create a legal framework within which lender-placed insurance on real property may be written in this state; to help maintain the separation between lenders/servicers, and insurers/insurance producers; to minimize the possibilities of unfair competitive practices in the sale, placement, solicitation, and negotiation of lender-placed insurance; to address the problems arising from reverse competition in lender-placed insurance markets; and ensure that the lender or servicer has no financial interest in the placement of lender-placed insurance other than the protection of the property serving as collateral for the loan.Its scope describes nearly all LPI policies. It defines when LPI may become effective, and when it should terminate. It prohibits:Issuance of lender-placed insurance on mortgaged property that is owned or serviced by the insurer or insurance producer or an affiliate of the insurer or insurance producer;compensation of a lender, insurer, investor or servicer (including through the payment of commissions) on lender-placed property insurance policies issued by the insurer; sharing of lender-placed insurance premium or risk with the lender, investor, or servicer that obtained the lender-placed insurance; offers contingent commissions, profit sharing, or other payments dependent on profitability or loss ratios to any person affiliated with a servicer or the insurer in connection with lender-placed insurance; free or below-cost outsourced services to lenders, investors, or servicers and will not outsource its own functions to lenders, insurance producers, investors, or servicers on an above-cost basis; and payments, including but not limited to the payment of expenses, to a lender, insurer, investor, or servicer for the purpose of securing lender-placed insurance business or related outsourced services.The new model law also restates how LPI insurance is placed and how policyholders are notified, calling for a copy of the individual policy, certificate of insurance, or other evidence of insurance coverage to be mailed first class mail or delivered in person to the last known address of the mortgagor. It called on carriers to report their actual loss ratio annually, earned premium, any aggregate schedule rating debit/credit to earned premium, itemized expenses, paid losses, loss reserves, case reserves and incurred but not reported losses.Except for lender-placed flood insurance, the new guidelines call for any insurer that experiences an annual loss ratio of less than 35 percent in any line of lender-placed property insurance for two consecutive years to submit a rate filing (either adjusting its rates or supporting their continuance) to the commissioner. The draft addresses most of the main points raised by consumer-advocate groups. To help curb rates, carriers issuing collateral protection policies on real estate would have to re-file relevant rates at least once every four years. To gather more data for further research, insurers would have to file the more extensive annual reports. Also, an insurer in the market with a loss ratio of less than 35 percent for two consecutive years would have to make a rate filing within 90 days of reporting the back-to-back years with under 35 percent loss ratios.The NAIC acts as a forum for the creation of model laws and regulations. Each state may or may not pass each NAIC model law or regulation. States may delete or modify certain sections if the substance of it already exists in state law. The NAIC comprises the insurance commissioners of each state, Washington D.C., and the five U.S. territories. On the whole, the models are widely, if irregularly, adopted.When asked why it has taken so long to develop the new model law guidelines, Altmaier has said: “This is a complex issue. State regulators have diverse approaches to addressing the issue.” The NAIC working group drafting the rule “wanted to take all viewpoints into account” in the deliberative process, he said.According to a published report, Altmaier went on to note that the investigations into Assurant and QBE took years to complete and the regulators wanted to incorporate what they learned. LPI fills a small but vital role in the mortgage servicing industry. It is not “forced” on the borrower, but comes into play when there is a lapse in part of the agreement between the borrower and the lender. It is always the coverage of last resort, affecting 1-2 percent of mortgage holders annually. As the expected roll-out date for the new guidelines nears, lenders and servicers should pay close attention to how the proposed LPI guidelines will impact their business. Home / Daily Dose / Insuring Against Collapse The Best Markets For Residential Property Investors 2 days ago Share Save Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Insuring Against Collapse The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

Over 100 people attend Letterkenny protest against Israeli offensive in Gaza

first_img By News Highland – July 18, 2014 News LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter Facebook Google+ Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Calls for maternity restrictions to be lifted at LUH Almost 10,000 appointments cancelled in Saolta Hospital Group this week Over 100 people attend Letterkenny protest against Israeli offensive in Gaza Guidelines for reopening of hospitality sector published WhatsAppcenter_img Google+ Twitter Facebook Previous articleStrabane accused of attack on man who has not regained consciousness in Derry refused variation on bailNext articleHistoric Herdmans Mill site bought by Strabane Euromillions winner News Highland Over 100 people gathered at Market Square in Letterkenny today at lunchtime to protest at the escalation in Israel’s offensive in Gaza, which has seen up to 250 Palestinians killed, dozens of them children.The situation intensified last evening when a ground offensive began, despite UN calls for the situation to be defused.Today’s Letterkenny protest was organised by Sinn Fein – Donegal North East TD Padraig Mac Lochlainn says this and other events around the world send an important message of solidarity to people in Gaza………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/07/podgaza.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. RELATED ARTICLESMORE FROM AUTHOR WhatsApp Pinterest Three factors driving Donegal housing market – Robinson Pinterestlast_img read more

Sectarianism is no different to racism or homophobia – Mc Guinness

first_img Previous articleSenior garda admits he wouldn’t like to walk alone in Bundoran at 3amNext articleGovernment putting banks before people – Doherty News Highland RELATED ARTICLESMORE FROM AUTHOR By News Highland – February 8, 2014 Facebook Pinterest Twitter News Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Calls for maternity restrictions to be lifted at LUH Facebook WhatsApp The North’s deputy first Minister’s described sectarianism as being no different to racism or homophobia.Martin McGuinness has appealed to civic society to make their voices heard now.He says no longer can voices be drowned out by rejectionists.Mr McGuinness told the Sinn Fein Ard Fheis in Wexford today that compromise, as envisaged in the Haass talks proposals, must be the way forward………..[podcast]http://www.highlandradio.com/wp-content/uploads/2014/02/martysectarianism.mp3[/podcast]center_img Google+ Google+ WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Almost 10,000 appointments cancelled in Saolta Hospital Group this week Guidelines for reopening of hospitality sector published Pinterest Twitter Sectarianism is no different to racism or homophobia – Mc Guinness Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

Donegals Jason Quigley going for gold in World Championships this morning

first_img By News Highland – October 26, 2013 LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Calls for maternity restrictions to be lifted at LUH Facebook Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey RELATED ARTICLESMORE FROM AUTHOR Google+ Guidelines for reopening of hospitality sector published Facebook Donegals Jason Quigley going for gold in World Championships this morning Need for issues with Mica redress scheme to be addressed raised in Seanad also Donegals Jason Quigley will be going for gold in the boxing world championships in Kazaksthan this morning.The 22-year-old will take on the home nations Zhanibek Alimkhanuly for the Middleweight World Title.The bout will be on RTE 1 and the BBC red button for 1050am onwards. The fight is also being shown live on a big screen in the Finn Valley Centre.And Patsy McGonagle is calling on everyone in the local area to come along and cheer on Jason:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/10/patsy.mp3[/podcast]center_img Pinterest News Previous articleBusiness Innovation Boot Camp at Highland RadioNext articleMan reported missing in Ballybofey located safe and well News Highland Twitter Pinterest Twitter WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApp Google+last_img read more

Durkan stepping down as SDLP leader this afternoon

first_imgNewsx Adverts PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Facebook Durkan stepping down as SDLP leader this afternoon By News Highland – February 6, 2010 Previous articleMc Ginley renews call for action on employmentNext articleMargaret Richie replaces Mark Durkan at the helm of the SDLP News Highland Pinterest WhatsApp 365 additional cases of Covid-19 in Republic Facebook Dail to vote later on extending emergency Covid powers Twittercenter_img Man arrested in Derry on suspicion of drugs and criminal property offences released RELATED ARTICLESMORE FROM AUTHOR Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp Pinterest Twitter Google+ Google+ Foyle MP Mark Durkan steps down as the leader of the SDLP today, after a decade at the helm.The 49 year old delivers his final address at the party conference in Newcastle, Co Down this afternoon.The outcome of a leadership battle between Social Development Minister Margaret Ritchie and South Belfast MP Alasdair McDonnell will be known tomorrow.Mid-Ulster MLA Patsy McGlone will be confirmed as Deputy Leader after emerging as the only candidate for the post. HSE warns of ‘widespread cancellations’ of appointments next week last_img read more

Students claim they are being denied vote in by-election by government

first_img Twitter Main Evening News, Sport and Obituaries Tuesday May 25th Pinterest Facebook Twitter By News Highland – November 10, 2010 Newsx Adverts 365 additional cases of Covid-19 in Republic Facebook WhatsApp RELATED ARTICLESMORE FROM AUTHOR Students have claimed that the government has deliberately attempted to exclude them from the Donegal South West election.There have been complaints that thousands of students from the constituency may be without a ballot.Students are claiming the government deliberately fixed a Thursday for the by-election so they couldn’t leave their studies and get home to vote and they wouldn’t have time to apply for postal votes.Under law, those entitled to a postal vote have to complete their forms within 48 hours.Donegal County Council said as the 48 hours would have ended on a Saturday when there was no post they accepted applications until Monday.A spokesperson said students and others entitled to vote by post could have downloaded their application forms, completed them and posted them by land as they had to have the original college verification confirmation that they couldn’t get away from their studies.Independent candidate Thomas Pringle said it was a deliberate plan by the government to leave so little time because they know the student vote will go against them.He wondered why wasn’t the bye-election fixed for a Friday when students away at college could return home in time to vote.Union of Students in Ireland President Gary Redmond said his organisation had been trying for a long time to get voting on Saturdays when most students could return to their constituencies to vote. He added that with feared increases in fees, as well as other educational issues, most students were likely to vote against the government.One student without his first-time vote for a Dail seat will be 19-year-old Alan Cunningham, from St John’s Point, Dunkineely.He is a bio-medical science student at DIT in Kevin Street, Dublin. He said he will be unable to travel home for the Thursday vote because he has two compulsory laboratory sessions that day in college.He said he phoned Donegal council on Monday and was told that unless he could get his application in on that day he would be without a vote. He couldn’t get it in as he didn’t even have time to travel from Dublin with it.center_img Students claim they are being denied vote in by-election by government Pinterest Previous articleYoung driver who’s partner and daughter were killed in crash spared jailNext articleReplica firearm was found in car stopped by Gardai in Letterkenny News Highland Further drop in people receiving PUP in Donegal Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp Google+ Google+ 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan firelast_img read more

Gardai probe possible link between Muff and Buncrana robberies

first_imgNewsx Adverts Man arrested on suspicion of drugs and criminal property offences in Derry Pinterest Gardai continue to investigate Kilmacrennan fire WhatsApp Previous articleOver 900 people diagnosed with cancer in Donegal last yearNext articleFamily of Garda killed in Donegal feel justice system let them down News Highland Gardai in Inishowen believe there may be a link between a robbery at a fashion store in Buncrana at quarter to four yesterday afternoon, and a similar incident in a chip shop in Muff on Monday night last.In both instances, three people entered the premises, tied the hands of the woman behind the counter with cable ties and made off with an amount of cash.In the Buncrana incident, the woman has told gardai she believes her attackers were foreign-nationals.Gardai are examining CCTV footage, and are urging anyone with information to come forward.Superintendent Kevin English told Highland Radio’s Shaun Doherty Show that the Buncrana incident yesterday was very similar to what happened in Muff. he’s been outlining how the Buncrana robbery unfolded:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/03/keng1pm.mp3[/podcast] Main Evening News, Sport and Obituaries Tuesday May 25th Google+ Twitter Further drop in people receiving PUP in Donegal Pinterestcenter_img Facebook Gardai probe possible link between Muff and Buncrana robberies WhatsApp Twitter Facebook 75 positive cases of Covid confirmed in North Google+ RELATED ARTICLESMORE FROM AUTHOR 365 additional cases of Covid-19 in Republic By News Highland – March 23, 2012 last_img read more

North’s First Minister threatens to quit over John Downey non-prosecution

first_imgNews Google+ Pinterest 365 additional cases of Covid-19 in Republic Twitter Facebook Google+ Previous articleGardai given permission to destroy paedophile Ferry’s gunNext articleBritish Prime Minister says the collapse of case against John Downey was down to a “dreadful mistake” News Highland North’s First Minister threatens to quit over John Downey non-prosecution Gardai continue to investigate Kilmacrennan fire 75 positive cases of Covid confirmed in North Facebookcenter_img Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp The North’s First Minister has threatened to resign unless the decision to drop prosecution in the Hyde Park bomb case is reviewed.The DUP leader said he was not prepared to remain as first minister in a power-sharing administration that is being kept in the dark about such an important matter.Mr Robinson said he would discuss this with the Northern Ireland Secretary Theresa Villiers at a meeting later.He was speaking to the BBC after the trial of Donegal man John Downey collapsed…..[podcast]http://www.highlandradio.com/wp-content/uploads/2014/02/robinson.mp3[/podcast] WhatsApp Twitter Main Evening News, Sport and Obituaries Tuesday May 25th By News Highland – February 26, 2014 RELATED ARTICLESMORE FROM AUTHOR Further drop in people receiving PUP in Donegal last_img read more