Ocwen Views Recent Settlement as Vindication from Investor’s Allegations of Default

first_img  Print This Post Ocwen Views Recent Settlement as Vindication from Investor’s Allegations of Default About Author: Brian Honea Related Articles Demand Propels Home Prices Upward 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Ocwen Financial Corporation views the agreement between Home Loan Servicing Solutions (HLSS) and Deutsche Bank announced earlier this week as a chance to dismiss a private investment firm’s accusations of default against Ocwen, according to an announcement from Ocwen.New York-based private investment firm BlueMountain Capital, a purported holder of notes issued by HLSS Servicer Advance Receivables Trust (HSART) wrote a letter last month accusing Ocwen, the largest non-bank mortgage servicer in the United States, of breach of contract and default on certain notes serviced by HLSS.  Ocwen subsequently issued a statement vowing to “vigorously defend itself” against BlueMountain’s accusations.Earlier this week, HLSS announced an agreement with Deutsche Bank, the indenture trustee for HSART, regarding similar claims of default by BlueMountain. The parties agreed they would not initiate any judiciary proceedings with regards to the merit of BlueMountain’s allegations, and HLSS agreed to allow Deutsche Bank to withhold excess funds that would otherwise be eligible for distribution from the HSART trust to HLSS, according to an announcement from HLSS.Ocwen announced that it consented to the agreement between the parties, believing that the agreement gave the servicer and the involved parties to dispel “false accusations of a default under the HSART Indenture,” according to Ocwen.”Ocwen refutes BlueMountain’s allegations and believes no event of default has occurred under the HSART Indenture,” Ocwen said in the statement issued Wednesday.  “As previously stated, Ocwen will continue to vigorously defend against BlueMountain’s campaign, as a short seller of Ocwen stock, to undermine Ocwen’s share price and financial position through misleading and inaccurate press releases.”One of the largest HLSS shareholders, New York-based investor Mangrove Partners, wrote two letters to the HLSS Board of Directors earlier this month requesting that HLSS terminate its relationship with Ocwen due to the embattled Atlanta-based servicer’s much-publicized regulatory troubles in the last year. Last week, a Los Angeles law firm announced a class action lawsuit against HLSS over its relationship with Ocwen. Tagged with: BlueMountain Capital Deutsche Bank Home Loan Servicing Solutions Non-Bank Servicers Ocwen Financial Corporation Sign up for DS News Daily center_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Ocwen Views Recent Settlement as Vindication from Investor’s Allegations of Default Governmental Measures Target Expanded Access to Affordable Housing 2 days ago BlueMountain Capital Deutsche Bank Home Loan Servicing Solutions Non-Bank Servicers Ocwen Financial Corporation 2015-02-19 Brian Honea in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Previous: Study: Household Formations Have Returned to Pre-Recession Levels Next: DS News Webcast: Friday 2/20/2015 February 19, 2015 1,183 Views Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

Pressing Topics at the Fed

first_img Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Fed 2017-10-06 Brianna Gilpin Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Government, Headlines, News Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: HUD: Establishing Equal Opportunities Next: The Week Ahead: Q3 2017 Bank Earnings Tagged with: The Fed Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Brianna Gilpin October 6, 2017 1,013 Views Subscribe Share Save  Print This Post The Federal Reserve, who is a little over four months out from needing a new or reinstated leader, announced it purchased $7.029 billion in agency mortgage-backed securities, which is compared to $6.937 billion the week prior. This week’s purchase did not include securities guaranteed by either GSE, the Government National Mortgage Association, or Ginnie Mae.In September, the Fed announced it would leave rates unchanged and begin a gradual shrinking of its balance sheet, which sits at $4.5 trillion due to purchases of Treasury bonds and mortgage-backed securities in the aftermath of the financial crisis, according to CNBC.However, despite the decision to leave rates alone last month, Atlanta Fed President Raphael Bostic said he believe the U.S. central bank should raise interest rates again by the end of the year.”We, in our forecasts of movements for the year, had said we expected three hikes in the course of 2017. I am still in that space,” said Bostic in an interview by Reuters on the sidelines of a Fed conference in Austin, Texas while adding that he isn’t, “wedded to anything.”Regarding the expiration of Janet Yellen’s term in February 2018, President Donald Trump has interviewed four candidates for the job. According to Reuters, the nomination could come within weeks.“He faces a choice between two continuity candidates, current Chair Janet Yellen and Governor Jerome Powell, and two outsiders, Gary Cohn, currently his top economic adviser, and former Fed Governor Kevin Warsh,” the report said.Yellen was rumored to step down last year if now President Trump was elected, but now almost a year later, many wonder if she is up for another term if asked.”I have said that I intend to serve out my term as chair and that I’m really not going to comment on my intentions beyond that,” CNBC cited Yellen telling reporters following the Fed’s two-day policy meeting in September. “I will say that I have not had a further meeting with President Trump. I met with him early in my term and I’ve not had a further meeting with him.” Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Pressing Topics at the Fed Pressing Topics at the Fedlast_img read more

Puerto Rico Receives Mixed Messages From Treasury, FHA

first_img The U.S. Treasury cut a disaster relief loan to Puerto Rico by over 50 percent this week, according to the island’s Gov. Ricardo Rossello. This relief fund of $4.7 billion was provided in October, during the aftermath of Hurricane Maria, and has now been reduced to $2 billion. An official statement from the Treasury said that the move was made in an attempt to safeguard the investment of federal taxpayers, according to CBS News.In a letter asking Congress to intervene, Rossello said the loan reduction will put the island in a “dangerous financial dilemma” and cautioned that the diminished funds could force Puerto Rico to cut some essential services. “Any material interruption to Puerto Rico’s public services will only exacerbate outmigration of its population to the mainland and further deepen and prolong Puerto Rico’s decade-old fiscal and economic crisis,” Rossello said.Congress originally approved the community disaster loan as part of a larger relief package designed to aid recovery from Hurricane Maria as well as the earlier Hurricanes Harvey and Irma. Puerto Rico still has not received the loan funds, and Rossello criticized the new restrictions the Treasury is seeking to apply to the loan, saying they will make it “extremely difficult for Puerto Rico to access these funds when it needs federal assistance the most.” Rossello added that Treasury officials had indicated they did not intend to forgive the loan. (According to former Treasury officials cited by Bloomberg, “about 90 to 95 percent” of community disaster loans are eventually forgiven.)CBS News reports that Treasury Department and FEMA told Puerto Rican officials in January that the loan was being temporarily withheld due to concerns that the Puerto Rican government was not actually “facing a cash shortage as it had previously warned.” Allegedly, the loan funds would be disbursed via the Community Disaster Loan Program once Puerto Rican’s funds drop below a certain amount. In his letter to Congress, Rossello chastised the “misguided delay and policy decisions contrary to Congressional intent.”In addition to the physical damages caused by the storms, Puerto Rico is also facing a potential foreclosure epidemic. The New York Times in December reported that one-third of Puerto Rico’s 425,000 homeowners were behind on their mortgage payments, with around 90,000 borrowers having become delinquent as a result of Hurricane Maria. In early February, HUD announced a $1.5 billion grant to Puerto Rico, designed to “support long-term recovery of seriously damaged housing and local businesses in Puerto Rico.”To provide further relief to the victims of Hurricane Maria, the Federal Housing Administration (FHA) on Thursday declared a 60-day extension to the foreclosure moratoriums implemented after the storm. This extension has been announced for the Presidentially declared disaster areas, according to a media statement. The extension is also available for those directly affected by the disaster or unable to make mortgage payments as a consequence of the disaster.This news comes after FHA last week introduced the Disaster Standalone Partial Claim, which will enable lenders to secure an interest-free second loan on the mortgage to help cover up to 12 months’ worth of missed payments.  The loan is payable when the borrower sells their home or refinances their mortgage.  Print This Post Puerto Rico Receives Mixed Messages From Treasury, FHA The Best Markets For Residential Property Investors 2 days ago About Author: Staff Writer Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Foreclosure, Government, Headlines, Journal, News Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: The Housing Market’s Long March to Recovery Next: The Best and Worst States for Property Taxes The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago March 1, 2018 1,769 Views Department of the Treasury Disaster Relief Federal Housing Administration FHA Hurricane Maria hurricanes Natural Disasters Puerto Rico 2018-03-01 Staff Writer Tagged with: Department of the Treasury Disaster Relief Federal Housing Administration FHA Hurricane Maria hurricanes Natural Disasters Puerto Rico Home / Daily Dose / Puerto Rico Receives Mixed Messages From Treasury, FHAlast_img read more

Is the Housing Market Over-leveraged?

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: debt Delinquency Home Homeowners household HOUSING mortgage New York Fed The Week Ahead: Nearing the Forbearance Exit 2 days ago Is the Housing Market Over-leveraged? July 2, 2018 3,348 Views  Print This Post Share 2Save debt Delinquency Home Homeowners household HOUSING mortgage New York Fed 2018-07-02 Krista Franks Brock While some economists are starting to predict another housing crisis, opining on when and how it will happen, the New York Fed seeks to answer the question, “Are we prepared for another housing crisis—or even just a slump in home prices?”The answer, according to New York Fed: “The household sector is still vulnerable to severe house-price declines, although it has become steadily less risky in recent years.” This is the opinion of New York Fed researchers Andreas Fuster, Benedict Guttman-Kenney, and Andrew Haughwout in their report, “Tracking and Stress-Testing U.S. Household Leverage.”The researchers track household leverage, the ratio of housing debt to home values, noting that there is a “strong correlation between a borrower’s leverage and their propensity to become seriously delinquent.” In fact, the researchers assert, “High household debt is widely considered one of the main causes of the Great Recession and the slow recovery that followed.”As of the first quarter of 2017, 3 percent of borrowers are underwater and 78 percent have a combined loan-to-value ratio lower than 80 percent. (The combined LTV rate takes second liens into account in addition to first mortgage loans.)If national home prices slip to their levels of just two years ago, the underwater ratio rises to 9 percent. If prices fall to their level recorded four years ago, the tide rises, resulting in a 21 percent negative equity rate. In a more dramatic “stress test,” the New York Fed predicts a 38 percent negative equity rate in the case of a “peak-to-trough house price drop” mimicking that of the Great Recession. At this point, just 38 percent of homeowners would have a combined LTV rate below 80. “Unsurprisingly, this outcome would be worse than at the height of the bust, since, in many areas of the country, house prices have not yet recovered to the same peaks from which they previously fell,” the New York Fed study stated. The “sand states” that fared poorly during the last housing crisis would again flounder. The rate of underwater homeowners in Nevada would be near 50 percent. In Florida, the rate would be 35 percent; in Arizona, 31 percent; and in California, 23 percent. The New York Fed conducted similar “stress tests” to determine the seriously delinquency rates in cases of pricing downturns. Were housing prices to remain steady, the researchers predict a 4.2 percent serious delinquency rate over the following 24 months, starting with the first quarter of 2017. If housing prices drop to their levels of two years ago, that rate would rise by just one percentage point. If prices fall to their four-year-ago levels, the serious delinquency rate would be 67 percent above the base, reaching 7.0 percent. In a crisis “peak-to-trough” scenario, serious delinquencies would rise to a substantial 9.9 percent of all outstanding mortgages. Again, the most severe rates would be seen in the “sand states.” The New York Fed also compared leveraging among types of loans, saying, “Unsurprisingly, since the GSE and portfolio loans are the least levered, they have the lowest projected delinquency rates across scenarios.” In fact, projected serious delinquency rates in a crisis similar to the last would be twice as high for government loans as for GSE and portfolio loans. The New York Fed conducted its stress test at the county level to reveal the varying impact on different markets. As can be expected, “The scenario proves to be especially harsh for regions where house prices have not recovered from their troughs.” Sign up for DS News Daily Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Is the Housing Market Over-leveraged? Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: The Impact of Credit Easing on Homebuyers Next: The State of Re-Performing Loans Data Provider Black Knight to Acquire Top of Mind 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 The Best Markets For Residential Property Investors 2 days ago About Author: Krista Franks Brock 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 Subscribelast_img read more

‘Relentless’ Storm Season Puts 300,000 More Homes in Danger

first_img Previous: Outreach Could Help 400,000 ‘Needlessly Delinquent’ Borrowers Next: States at Highest Risk of Economic Strain From COVID-19 Home / Daily Dose / ‘Relentless’ Storm Season Puts 300,000 More Homes in Danger The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago October 8, 2020 1,048 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 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 Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Hundreds of thousands of homes are at risk of storm surge destruction by Hurricane Delta. That is based on information coming in Wednesday evening from the National Hurricane Center, which projected Category 2 status at landfall, and data from CoreLogic, a property data and analysis firm.CoreLogic’s Risk Analysis estimated 293,685 single-family and multifamily homes across Louisiana and the U.S. Gulf Coast with a reconstruction cost value (RCV) of approximately $62.85 billion are at potential risk from this hurricane. For many, the damage could compound storm-related devastation that not long ago struck the same region.“After battering the Yucatán Peninsula near Cancún, Mexico, Hurricane Delta is headed for the Gulf Coast just weeks after Hurricane Laura brought significant wind and storm surge damage to the Texas and Louisiana coastlines,” said Curtis McDonald, meteorologist and senior product manager of CoreLogic. “Residents in these coastal areas are already trying to recover from their losses and are now faced with a second substantial storm. This season has been relentless, and Louisianans should be prepared for the long recovery road ahead.”Note: This is a swiftly changing forecast. As it nears the Gulf, Delta’s trajectory will become more clear, narrowing the potential areas of impact.CoreLogic will provide up-to-date storm surge exposure estimates at hazardhq.com.At time of publication, CoreLogic had reported that the primary threats as Hurricane Delta makes landfall in central Louisiana will be storm surge and damaging winds.”Heavy rainfall is also expected, but a fast storm speed is expected to limit catastrophic inland flooding. CoreLogic catastrophe and weather experts expect the 2020 hurricane season to continue on its above-average trend given warmer oceanic temperatures, which presents financial risk to homeowners and businesses in property services, like insurers and mortgage lenders. Hurricane-driven storm surge can cause significant property damage when high winds and low pressure cause water to amass inside the storm, releasing a powerful rush over land when the hurricane moves onshore.”For a complete view of total storm surge risk for all Atlantic and Gulf Coast metropolitan areas, as well as wildfire damage estimates, download the 2020 CoreLogic Storm Surge Report. The following chart, provided by CoreLogic, breaks down the  potential cost to cities predicted to be hit hardest, at time of publication, by Hurricane Delta:For complete methodology and more information about CoreLogic, visit the company’s website. ‘Relentless’ Storm Season Puts 300,000 More Homes in Danger Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago Subscribe  Print This Post Demand Propels Home Prices Upward 2 days ago Related Articles About Author: Christina Hughes Babb Share Save 2020-10-08 Christina Hughes Babb Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days agolast_img read more

Third arrest in Omagh murder investigation

first_img Facebook WhatsApp Twitter Google+ Police  investigating the death of a man following a night out in County Tyrone have arrested a third person.19 year old Jason McGovern died after being assaulted in Omagh town centre on Sunday.A 17-year-old youth was detained in Omagh earlier today, while a 21 year old man – arrested yesterday – has been released on bail.An 18 year old man who was also arrested yesterday remains in police custody. Previous articleConcern that new phone app could increase cyber bullyingNext articleDerry police investigate hit and run crash News Highland WhatsApp Third arrest in Omagh murder investigation Facebook Twitter Help sought in search for missing 27 year old in Letterkenny Calls for maternity restrictions to be lifted at LUH center_img Three factors driving Donegal housing market – Robinson 448 new cases of Covid 19 reported today Google+ RELATED ARTICLESMORE FROM AUTHOR By News Highland – January 3, 2013 Guidelines for reopening of hospitality sector published Pinterest Pinterest News NPHET ‘positive’ on easing restrictions – Donnelly last_img read more

No foul play in Strabane man’s death

first_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton No foul play in Strabane man’s death RELATED ARTICLESMORE FROM AUTHOR Previous articleDerry mann in court on petrol bomb chargesNext articleBunbeg NS cleared to go to construction News Highland Google+ WhatsApp Pinterest By News Highland – February 16, 2010 Calls for maternity restrictions to be lifted at LUH Twitter News Google+center_img WhatsApp Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook NPHET ‘positive’ on easing restrictions – Donnelly Facebook Twitter Guidelines for reopening of hospitality sector published Gardaí say they have completed their inquiry into the death of a Strabane man who was found dead outside his apartment in Mullingar yesterday morning.They say they are not seeking to question anyone in relation to the death following a post mortem this morning.The body of Anthony Kelly was found in the hallway outside the front door of his ground floor apartment in the Grove Court complex in the town.Mr Kelly was in his late 20s and had lived in Mullingar for several years. Three factors driving Donegal housing market – Robinson last_img read more

PSNI in Strabane concerned for safety of missing woman

first_img Google+ News Twitter Facebook Three factors driving Donegal housing market – Robinson WhatsApp Twitter Pinterest Police in Strabane are appearing for information about the whereabouts of a Strabane woman in her thirties who has been missing since Sunday.33 year old Claire Roulston from the St Johns Place area was last seen at her home around 7pm on Sunday evening 17 April.She is described as 5’6″ tall, slight build, and long brown hair. When last seen she was wearing blue jeans and a blue Adiddas top with stripes on sleeves.Police are asking Claire to contact them or her family to let them know she is safe and well. Anyone who knows of her whereabouts is asked to contact police at Strabane on 0845 600 8000. Facebook WhatsApp Google+center_img Pinterest Previous articleAGSI say Donegal gardai are under resourced while ex-AIB boss gets millionsNext articleIrish woman drowns in Australia News Highland Guidelines for reopening of hospitality sector published By News Highland – April 19, 2011 Calls for maternity restrictions to be lifted at LUH PSNI in Strabane concerned for safety of missing woman Almost 10,000 appointments cancelled in Saolta Hospital Group this week LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton RELATED ARTICLESMORE FROM AUTHOR Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

Government’s housing and mortgage policies have all failed – Doherty

first_img Pinterest Government’s housing and mortgage policies have all failed – Doherty Need for issues with Mica redress scheme to be addressed raised in Seanad also By admin – December 2, 2015 Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Google+ WhatsApp Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook WhatsApp Google+center_img Facebook RELATED ARTICLESMORE FROM AUTHOR Homepage BannerNews Pinterest Donegal Deputy Pearse Doherty says the government’s initiatives to help struggling homeowners have all been failures.He says the much anticipated mortgage to rent scheme was intended to help 3,500 families. However, he says, after three years, only 246 families have been able to avail of the scheme, just three of them in Donegal. In Galway, Longford, Monaghan and Sligo, he says, the figure is zero.Deputy Doherty says is compounded by the fact that funding for MABS, the Money Advice and Budgeting Service, has actually been cut……..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/12/pearsweb.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Guidelines for reopening of hospitality sector published Twitter Previous articlePSNI release latest men to be arrested under the O’Hara funeral investigationNext articleOne young person injured in aggravated burglary in Buncrana admin Minister McConalogue says he is working to improve fishing quotalast_img read more

Politicians in North reach talks agreement

first_imgHomepage BannerNews Facebook By News Highland – December 23, 2014 Main Evening News, Sport and Obituaries Tuesday May 25th Pinterest WhatsApp 75 positive cases of Covid confirmed in North Further drop in people receiving PUP in Donegal WhatsApp Google+ Twitter Twittercenter_img Pinterest Politicians in Northern Ireland have reached an agreement on issues following lengthy talks at Stormont in Belfast.In a statement released in the past half an hour, the Minister for Foreign Affairs Charlie Flanagan, says the agreement -in 75 sections- covers a broad range of political, social and economic issues.Minister Flanagan says the deal sets out a plan for financial and welfare reform and proposes a way forward on flags, identity, culture and tradition – through the establishment of a commission.He says it establishes a programme of institutional reform at Stormont and progresses a number of outstanding aspects of prior Agreements. RELATED ARTICLESMORE FROM AUTHOR Politicians in North reach talks agreement Google+ Previous articleDerry Chamber of Commerce calls for more university fundingNext articleMary Berry is BBC’s Absolute Favourite News Highland Facebook 365 additional cases of Covid-19 in Republic Man arrested on suspicion of drugs and criminal property offences in Derry Gardai continue to investigate Kilmacrennan firelast_img read more