FED: Payment Agreement on Track

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Home / Daily Dose / FED: Payment Agreement on Track FED: Payment Agreement on Track Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago July 7, 2014 978 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Derek Templeton is an attorney based in Dallas, Texas. He practices in the areas of real estate, financial services, and general corporate transactional law. His experience includes time as an Attorney Adviser for the U.S. Small Business Administration and as General Counsel for a nonprofit organization in Dallas. A self-avowed “policy junkie,” he has a keen interest in the effect that evolving federal policy has on the mortgage, default servicing, and greater housing industries. in Daily Dose, Featured, Government, Headlines, News Share Save The Best Markets For Residential Property Investors 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Federal Reserve Board published a report Monday defending and showing the progress of the Independent Foreclosure Review (IFR) and subsequent Payment Agreement between the board and 15 large mortgage servicers.Between April 2011 and April 2012, the Office of the Comptroller of the Currency (OCC) and the Federal Reserve issued enforcement actions against 16 mortgage loan servicers for inadequate foreclosure and mortgage loan servicing practices.The actions compelled the servicers to hire independent consultants to conduct individual file reviews to determine if borrowers had suffered unwarranted financial damage and were eligible to be compensated.After nearly two years of the consultants combing through each individual file, concerns began be raised that compensation was not going to reach borrowers who had been damaged because the review was taking too long.Because of the length of time the review was taking and because the files that had been reviewed did not present a pattern systematic malfeasance, the OCC and the Federal Reserve Board entered into a settlement with fifteen of the sixteen servicers under investigation.The Payment Agreement required large mortgage servicers to provide approximately $10 billion in cash payments to eligible borrowers and other foreclosure prevention assistance. The servicers agreed to provide $3.9 billion in direct cash payments to borrowers and approximately $6.1 billion in foreclosure prevention assistance.The Report defended the Federal Reserve’s approach to making sure that injured borrowers are compensated as quickly as possible.“The Payment Agreement provides the greatest benefit to consumers in a timelier manner than would have occurred under the IFR and ensures that servicers cannot ask or require borrowers to waive any legal claims against their servicer as a condition of payment.”But the suspension of the IFR and institution of the Payment Agreement has come under fire from lawmakers in recent weeks. In April Congressman Elijah Cummings (D-Md.), ranking Democrat on the powerful House Committee on Oversight and Government Reform, sent a letter to committee chairman Darrell Issa (R-Calif.)requesting a hearing on the matter.“It is unclear why the regulators believed it was in the best interests of borrowers to end the IFR when high error rates were identified during preliminary reviews, and more detailed reviews had been prepared to identify the full extent of harm,” Cummings wrote.The Payment Agreement has resulted in the largest total cash payout of any federal banking regulatory foreclosure-related action to date. Tagged with: Federal Reserve Independent Foreclosure Review Settlement Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Previous: Housing Confidence Up but there is Room to Grow Next: House Sets Hearing on Federal Reserve Demand Propels Home Prices Upward 2 days ago About Author: Derek Templeton Federal Reserve Independent Foreclosure Review Settlement 2014-07-07 Derek Templeton Subscribelast_img read more

"FED: Payment Agreement on Track"

GSEs Surpass FHFA’s Expectations for Risk Transfer

first_img Tagged with: Conservatorship Credit Risk Transfer Fannie Mae FHFA Freddie Mac Risk-Sharing Transactions About Author: Brian Honea Conservatorship Credit Risk Transfer Fannie Mae FHFA Freddie Mac Risk-Sharing Transactions 2016-04-27 Brian Honea Home / Daily Dose / GSEs Surpass FHFA’s Expectations for Risk Transfer  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe 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 Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img GSEs Surpass FHFA’s Expectations for Risk Transfer The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Ocwen Stung by First Quarter Loss Next: A2Z Field Services Celebrates Milestone Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Since 2013, Fannie Mae and Freddie Mac have participated in back-end credit risk transfer initiatives on single-family mortgage loans in order to encourage more participation of private capital investors and reduce risk to taxpayers.Fannie Mae’s main credit risk transfer initiative has been the Connecticut Avenue Securities (CAS) series, while Freddie Mac’s has been the Structured Agency Credit Risk (STACR) program. The FHFA’s 2015 conservatorship scorecard required Fannie Mae to lay off $150 billion in credit risk and Freddie Mac to lay off $120 in credit risk during 2015—and both GSEs not only met but exceeded that goal, according to Urban Institute’s March 2016 Chartbook.Fannie Mae laid off $187 billion in credit risk during 2015, exceeding the goal by $37 billion, while Freddie Mac laid off $210 billion in credit risk, exceeding its goal by $90 billion.According to the Urban Institute’s April 2016 Chartbook released this week, the FHFA’s 2016 scorecard calls for the GSEs to target 90 percent of newly-acquired single-family mortgages for transfer.According to the April Chartbook, CAS issuances by Fannie Mae now cover more than 20 percent of its outstanding single-family mortgage guarantees (covering 12 CAS offerings, through April 2016). Freddie Mac’s 19 STACR offerings through March 2016 cover more than 27 percent of its single-family mortgage guarantees.“We’re seeing a positive response from investors, who see strong fundamentals in mortgage credit risk and Fannie Mae mortgage credit risk in particular. The CAS program provides investors with consistent opportunities to benefit from Fannie Mae’s innovative and industry-leading credit risk management approach while gaining exposure to the U.S. housing market,” said Laurel Davis, VP of credit risk transfer, Fannie Mae. “One of our primary areas of focus is to continue to work to expand the investor base, and with this deal we continued to see new investors come into the program.”Last week, Freddie Mac announced its intention to sell its 20th STACR debt notes offering, worth $916 million and containing a pool of recently-acquired single-family mortgages with an unpaid principal balance (UPB) of approximately $30 billion.“For Freddie Mac, credit risk transfer is not a ‘pilot’ anymore. It is integrated into our entire business model,” Freddie Mac CEO Donald Layton said late last year. “Depending upon how you measure it, in Single-Family, we are selling off in the range of 2/3 or 3/4 of the non-catastrophic risk. Single-family risk transfer was zero a few years ago by comparison. Now it’s a fast-moving field. The instruments we use are growing and evolving. We’re also doing this with sound economics. It’s very exciting.” in Daily Dose, Featured, News, Secondary Market April 27, 2016 1,337 Views Sign up for DS News Daily last_img read more

"GSEs Surpass FHFA’s Expectations for Risk Transfer"

Credit Unions See Widespread Growth

first_imgHome / Daily Dose / Credit Unions See Widespread Growth Previous: January Housing Demand Hits 4-year Peak Next: Morgan Stanley Questions Early Rate-hike Signals  Print This Post Credit Unions See Widespread Growth Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago March 6, 2017 1,159 Views Credit unions are growing—both in membership and in deposits, according to recent data from the National Credit Union Administration (NCUA).NCUA’s Q4 2016 data, released this morning, shows deposits up 7.5 percent over the year, up to $1.09 trillion. Membership was also up for the year, jumping 4.1 percent from Q4 2015. Total membership in federally insured credit unions is now up to 106.9 million.Total credit union lending and member business lending both increased as well, jumping 10.4 percent (to $869.1 billion) and 14.3 percent (up $62.4 billion) respectively. Total lending was just $787 billion in 2015.Real estate loans, in particular, saw growth amongst credit union lenders. They rose 8.6 percent over the year, totaling $431.1 billion for the quarter. Auto loans rose 14 percent, and student loans increased by 9 percent.Other important statistics noted in NCUA’s data report include:Total credit union assets rose 7.3 percent, up to $1.29 trillion from 2015’s $1.2 trillion.The industry’s loan-to-share ratio rose to 79.5 percent, a jump of 2.1 percentage points over the year.Net income grew 10.6 percent, reaching $9.6 billion for the entire year—a $0.9 billion-dollar jump over 2015.Delinquency across credit unions remained steady at 83 basis points—just 2 points above 2015’s Q4 numbers. The net charge-off ratio rose from 48 basis points to 55.The return on average assets was 77 basis points, up 2 points from 2015. Credit unions designated as low-income rose from 2,297 to 2,491.According to Dan Berger, President and CEO of the National Association of Federally Insured Credit Unions, the NCUA’s data proves credit unions are doing their job right.“The year-end figures demonstrate credit unions’ solid commitment to providing excellent products and services to their members,” Berger said. “This data shows credit unions are maintaining healthy growth by doing what they do better than any other providers: focusing on the financial needs of their member-owners and keeping members’ interests as their top concern.”One of the few statistics to decline, according to the NCUA’s data, was the number of federally insured credit unions, which dropped from 6,021 to 5,785 year-over-year. To view the full data report, visit NCUA.gov. The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: credit Credit Unions NCUA Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago credit Credit Unions NCUA 2017-03-06 Staff Writer Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Staff Writer Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

"Credit Unions See Widespread Growth"

Middle America Best for Middle-Income Households

first_imgHome / Daily Dose / Middle America Best for Middle-Income Households Servicers Navigate the Post-Pandemic World 2 days ago A recent GoBankingRates study identified the best and worst states for middle-class families by analyzing factors such as average median income in each state and the cost of higher education and housing. GoBankingRates based its study off of Pew Research Center’s definition of “middle-income households” as those with an income that is two-thirds to double the U.S. median household income.When it comes to the best states for middle-income earners, middle America takes the lead. Four out of five of the top states for this income bracket are located in this region with Iowa taking the lead followed by South Dakota (No.2), Nebraska (No. 4), and North Dakota (No. 5). Only West Virginia at No. 4 manages to break up this Midwest block.According to the study, in Iowa the median household income of middle-class families is $75,000 while in-state tuition and fees clock in at $8,270 and the average monthly mortgage payment at $787.The rest of the top five hover around these stats, with the lowest average monthly mortgage payment occurring in West Virginia ($718). West Virginia also has the highest percent increase in the proportion of households earning middle-class incomes. Mississippi, Oklahoma, and South Dakota also saw an uptick in their proportion of middle-income earners.Unsurprisingly, some well-known pricey locales make up GoBankingRates top five worst states for middle-class families to live. Coming in as worst of the worst is Hawaii, followed by Massachusetts, California, New York, and New Jersey.In Hawaii the median household income for middle-class families is $74,529 with in-state tuition and fees coming in at $10,670 and the average monthly mortgage payment reaching $2,594.Despite it coming in second on the worst list due in part to its high tuitions costs ($12,280), Massachusetts has the highest graduation rate in the county. However, it will be interesting to see if that holds true, as GoBankingRates found that the middle class is shrinking faster in this state than any other.To learn more, click here. in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago GoBankingRates Income middle America mortgage Pew 2017-11-07 rachelwilliams Sign up for DS News Daily Rachel Williams attended Texas Christian University (TCU), where she graduated with Magna Cum Laude with a dual Bachelor of Arts in English and History. Williams is a member of Phi Beta Kappa, widely recognized as the nation’s most prestigious honor society. Subsequent to graduating from TCU, Williams joined the Five Star Institute as an editorial intern, advancing to staff writer, associate editor and is currently the editor in chief and head of corporate communications. She has over a decade of editorial experience with a primary focus on the U.S. residential mortgage industry and financial markets. Williams resides in Dallas, Texas with her husband. She can be reached at [email protected] Tagged with: GoBankingRates Income middle America mortgage Pew Related Articles The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img  Print This Post The Best Markets For Residential Property Investors 2 days ago About Author: Rachel Williams Share Save Middle America Best for Middle-Income Households Governmental Measures Target Expanded Access to Affordable Housing 2 days ago November 7, 2017 1,391 Views Demand Propels Home Prices Upward 2 days ago Previous: Borrowers Look to Borrow More Time from GSEs Next: JPMorgan Settles 401(k) Suit Tied to MBS Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

"Middle America Best for Middle-Income Households"

Addressing the Widening Housing Gap

first_imgHome / Daily Dose / Addressing the Widening Housing Gap The Best Markets For Residential Property Investors 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago HOUSING 2020-06-10 Seth Welborn Tagged with: HOUSING Related Articles Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe June 10, 2020 1,226 Views center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The COVID-19 has widened the housing gap, the Brookings Institute reports, as cost-burdened households are at higher risk of contracting the virus. According to the report, housing costs “are a major financial stressor for low-income households, who typically devote between a third and a half of their incomes to housing. Cost-burdened households are at risk of losing their homes to eviction or foreclosure, especially during economic downturns. These households are also unable to accumulate savings that could help them weather temporary income losses like so many have seen during the pandemic.”In order to avoid future struggles, Brookings researchers propose increasing access to affordable housing, whether through increasing the supply of long-term affordable rental housing or by supporting affordable housing projects.The report notes that, in response to foreclosure risks, the federal government created the Neighborhood Stabilization Program (NSP) to mitigate the impact of concentrated foreclosures in low-income neighborhoods during the 2007-2009 housing crisis. HUD allocated nearly $7 billion over three rounds of funding to local and state governments and nonprofit organizations. Funds could be spent on various activities intended to reclaim and reutilize vacant properties; in practice, most grantees used NSP funds either to acquire and rehabilitate properties or demolish vacant structures. The program initially targeted single-family homes, which accounted for most foreclosures.Researchers from the Urban Institute also indicated that prices for low-priced homes have appreciated faster than higher-priced homes.As low-price home prices rise, would-be homebuyers with low incomes have trouble finding affordable homes, so they remain in the rental market, drive up rents, and increase the demand for and price of rental properties, Urban notes. As a result, the cost for both owning and renting has gone up substantially for low-income households, while their income growth has not kept pace with that of high-income households.“A closer look at 285 metropolitan statistical areas (MSAs) suggests that rapid employment growth combined with increased supply constraints from zoning and other regulations contributed to this disproportionate price growth for low-price homes,” said Urban researchers. “If left unaddressed, these same supply constraints will hamper the ability of low-income households to prosper as we emerge from the crisis and will exacerbate income inequality.” in Daily Dose, Featured, Foreclosure, News Previous: CFPB Issues CARES Act Forbearance Guidance Next: Preparing for the Future of Foreclosure Litigation The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save 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. Addressing the Widening Housing Gap Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welbornlast_img read more

"Addressing the Widening Housing Gap"

Bus Eireann rejects claim that fares are to cheap to Donegal

first_imgNewsx Adverts Bus Eireann rejects claim that fares are to cheap to Donegal Previous article3rd robbery reported in Derry CityNext articleLatest figures show that house prices continue to fall News Highland A Fine Gael Senator from Dublin has complained that Bus Eireann fares to Letterkenny are to cheap compared to other areas of the country.Catherine Noone is a Fine Gael Senator for Dublin South East and claims there are serious discrepancies in the price commuter belt customers are being charged to travel to and from Dublin.She says someone travelling to Navan from Dublin is charged 22 cents a kilometre but if there are going to Letterkenny, the cost is just 8 cents per kilometre.The Senator is accusing Bus Eireann of leading some commuters up the garden path – that is a charge rejected by Andrew McLindon, PR Manager at Bus Eireann:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/12/andr1pmbus.mp3[/podcast] Twitter RELATED ARTICLESMORE FROM AUTHOR Need for issues with Mica redress scheme to be addressed raised in Seanad also Guidelines for reopening of hospitality sector published WhatsApp Google+ By News Highland – December 20, 2011 Pinterestcenter_img Facebook WhatsApp Google+ 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 Twitter Calls for maternity restrictions to be lifted at LUH Facebook Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Pinterestlast_img read more

"Bus Eireann rejects claim that fares are to cheap to Donegal"

PARC call for action on learner drivers on foot new serious collision statistics

first_img The Road Safety Group PARC is calling for more specific figures after statistics released by the government this month showed that on average, three unaccompanied learner drivers are involved in serious road crashes every month. These are defined as crashes involving death or very serious injury.The statistics were compiled by the Department of Justice on foot of Dail questions table by Deputy Tommy Broughan on behalf of PARC.Since February 2009, 45 unaccompanied learner drivers were involved in fatal crashes, while 74 serious injury crashes over the same period.PARC’s Inishowen based founder Susan Grey says more specific information is needed……….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/06/susan1pm.mp3[/podcast] Minister McConalogue says he is working to improve fishing quota Google+ Need for issues with Mica redress scheme to be addressed raised in Seanad also Newsx Adverts 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report RELATED ARTICLESMORE FROM AUTHOR PARC call for action on learner drivers on foot new serious collision statistics Facebook Twitter WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week center_img Pinterest Twitter Previous articleGAA – Tyrone Hurlers Win Lory Meagher CupNext articleSoccer – Can Ireland Bounce Back Against Spain News Highland Facebook WhatsApp Pinterest By News Highland – June 11, 2012 Google+ Dail hears questions over design, funding and operation of Mica redress scheme Man arrested in Derry on suspicion of drugs and criminal property offences releasedlast_img read more

"PARC call for action on learner drivers on foot new serious collision statistics"

American Chamber of Commerce says the NW must demonstrate competiveness

first_img WhatsApp By News Highland – March 16, 2010 Twitter Facebook Man arrested in Derry on suspicion of drugs and criminal property offences released Previous articleLetterkenny properties owned by rogue solicitor repossessedNext articleLetterkenny footballers caught up in Fiji cyclone News Highland Pinterest WhatsApp Dail hears questions over design, funding and operation of Mica redress scheme The American Chamber of Commerce has said that the Northwest must demonstrate competiveness if it is to attract new investment to the region.The group, which includes Pramerica , Solis Lough Eske Castle and Letterekenny IT amongst its members has also called for infrastructural investment to be carried in the region by government.In a statement Fergal Broder, Chairman of the American Chamber of Commerce in Ireland said that Ireland need to align our salary structures to the EU normsWage costs for manufacturing workers in Ireland exceed that of the OECD average and the US by approximately 20% and this is not sustainable he said.Pointing to the long term presence of leading global companies such as Abbott, Lotus, Pramerica and Bank of American/MBNA in the region, Mr. Broder said that multinational companies were important to the economic prosperity of the region.He said Its important that we enhance infrastructural supports in the region in order to encourage more investment.He said local electricity transmission infrastructure is particularly poor in the North West and needs to be greatly enhanced.The chamber is also calling for transport corridors to be developed highlighted the N14 (Lifford-Letterkenny) as a route that should be prioritised. News Facebookcenter_img Google+ Dail to vote later on extending emergency Covid powers Need for issues with Mica redress scheme to be addressed raised in Seanad also 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Google+ Minister McConalogue says he is working to improve fishing quota Pinterest American Chamber of Commerce says the NW must demonstrate competiveness Twitter RELATED ARTICLESMORE FROM AUTHORlast_img read more

"American Chamber of Commerce says the NW must demonstrate competiveness"

Two men charged following major Derry drug seizure

first_img 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Google+ Twitter Dail hears questions over design, funding and operation of Mica redress scheme Homepage BannerNews Minister McConalogue says he is working to improve fishing quota Pinterest Google+ Facebook Derry Magistrates CourtTwo men aged 28 and 30 have been charged following a major drug seizure in Derry on Monday.The men are due at Derry Magistrates Court today, charged with with possession of a Class B drug with intent to supply, and fraudulently importing a Class B drugThey are due to appear at Londonderry Magistrates Court late today.It follows an operation on Monday evening, during which police seized suspected cannabis with an estimated value of £240,000. The suspected drugs were found in a car on Victoria Road. RELATED ARTICLESMORE FROM AUTHOR Dail to vote later on extending emergency Covid powers center_img Twitter WhatsApp Previous articleDanny Mooney wins St Patrick’s Day 5k in LetterkennyNext articleCouncil tenants names and addresses to be handed over to Irish Water News Highland WhatsApp Facebook Pinterest Two men charged following major Derry drug seizure Man arrested in Derry on suspicion of drugs and criminal property offences released By News Highland – March 18, 2015 HSE warns of ‘widespread cancellations’ of appointments next weeklast_img read more

"Two men charged following major Derry drug seizure"

Man convicted of sex offences at a Donegal school to be sentenced today

first_img By News Highland – July 18, 2011 A caretaker who sexually abused a child at a Donegal school and then returned to the job where he went on to molest and rape four more boys at summer school, is to be sentenced today.The 55 year old pleaded guilty at the Central Criminal Court to 38 sample charges which included oral and anal rapes, sex assaults, one indecent assault and two charges of production of child pornography on dates between 1990 and 2005.The 55 year old sexually abused the boys, who were aged between 10 and 17 years old on an almost weekly basis.The court heard he made them watch pornography and groomed then by supplying them with alcohol, cigarettes and money.The accused had earlier been convicted in a District Court in Donegal for two incidents of indecent assault at the same school in 1985 and 1986, but he was not identified in the local papers at the time and he returned to work in the same school where the abuse continued.The court heard each of his victims, now aged between 24 and 30, had turned to alcohol, drug and solvent abuse as a means of escape and many of them stated that they had tried to take their own lives.The 55 year old who’s to be sentenced today was arrested in June last year after one of the men reported the abuse to his GP. Man arrested in Derry on suspicion of drugs and criminal property offences released Twitter Google+ HSE warns of ‘widespread cancellations’ of appointments next week Google+ WhatsApp RELATED ARTICLESMORE FROM AUTHOR Pinterest Man convicted of sex offences at a Donegal school to be sentenced today Previous articleWeather conditions continue to hamper Rathmullen searchNext articleMan dies in Beaumont Hospital a week after Letterkenny bike fall News Highland center_img Facebook 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Dail hears questions over design, funding and operation of Mica redress scheme Dail to vote later on extending emergency Covid powers WhatsApp Facebook News Twitter PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Pinterestlast_img read more

"Man convicted of sex offences at a Donegal school to be sentenced today"