President to Nominate Investment Banker for Treasury’s Senior Domestic Finance Position

first_imgHome / Daily Dose / President to Nominate Investment Banker for Treasury’s Senior Domestic Finance Position Antonio Weiss Financial Regulation U.S. Department of Treasury White House 2014-11-12 Brian Honea Related Articles President to Nominate Investment Banker for Treasury’s Senior Domestic Finance Position Share Save 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  Print This Post President Barack Obama will nominate Antonio Weiss, global head of investment banking at merger-advisory firm Lazard Ltd., for U.S. Treasury Under Secretary, the top domestic finance position with the government organization, according to a statement released by the White House.Weiss, 48, is replacing Mary Miller, who left the Treasury Under Secretary position in September. Matthew Rutherford has been serving as acting Under Secretary since Miller’s departure.The appointment of Weiss as Treasury Under Secretary must be confirmed by the U.S. Senate. As Treasury’s Under Secretary for domestic finance, Weiss will be responsible for implementing the Dodd-Frank Wall Street Reform Act and other financial regulation as well as coordinating capital markets, banking, and debt financing.Weiss has been with Lazard since 1993 and has served in various leadership positions with the company, including managing director, vice chairman of European investment banking, and global head of mergers and acquisitions. He graduated with a bachelor’s degree from Yale College and an MBA from Harvard Business School. At Harvard, Weiss was a Baker Scholar and Loeb Fellow in Finance.President Obama issued the following statement regarding the nomination of Weiss and three others to key administration posts on Wednesday:”I am confident that these experienced and hardworking individuals will help us tackle the important challenges facing America, and I am grateful for their service.  I look forward to working with them in the months and years ahead.”Lazard and Weiss have been the subject of some controversy due to the company’s alleged involvement in tax-inversion deals, which involve American companies changing their addresses to foreign countries which have more tax-friendly laws in order to avoid paying taxes imposed by the U.S. government. About Author: Brian Honea Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img 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. Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Antonio Weiss Financial Regulation U.S. Department of Treasury White House Previous: Lender Does Not Plan to Relax Mortgage Credit Standards Next: Maryland Overtakes Florida for Nation’s Highest Foreclosure Rate November 12, 2014 863 Views Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

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Appeals Court Expands Ohio Statute of Limitations Decision

first_imgHome / Daily Dose / Appeals Court Expands Ohio Statute of Limitations Decision Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Print Features Data Provider Black Knight to Acquire Top of Mind 2 days ago Editor’s note: This story was originally featured in the January issue of DS News, out now.Recently, the Ohio Eighth District Court of Appeals expanded upon the Ohio Supreme Court’s Holden decision. In Holden, the court had determined that a foreclosure plaintiff is not barred from enforcing its mortgage interest against the property when the borrower’s personal obligation to pay the mortgage loan has been discharged in bankruptcy. According to the Eighth District, Holden applies to permit the foreclosure plaintiff to enforce its mortgage interest even if the plaintiff is barred from enforcing the promissory note because the statute of limitations has expired.The facts of the Walker case at hand are a common set. The borrower has defaulted on the promissory note, but through a series of circumstances, the matter was not referred for foreclosure until after the six-year statute of limitations governing negotiable instruments has expired. These facts beg the question: Can the mortgagee pursue foreclosure even after the statute of limitations for enforcing the borrower’s obligation to pay the note expires? The Walker case answers the question in the affirmative. The Eighth District has applied the longer statutes of limitations governing contracts in writing and actions against real estate to permit mortgagees to recover on the mortgage instead of the promissory note.Under Ohio law, the statute of limitations governing negotiable instruments is six years from the acceleration date. Accordingly while a party may be entitled to enforce a promissory note, it may not be entitled to obtain a judgment on the note because the six-year statute of limitations has expired. Notwithstanding this conclusion, the mortgagee may still have the right to pursue an ejection action or foreclosure because actions on the mortgage are governed by longer statutes of limitations under Ohio law.As a result, the Ohio courts have provided a means by which mortgagees can enforce otherwise time-barred mortgage loan defaults. While this approach denies the mortgagee a personal judgment against the borrower, it solves the larger problem of permitting the mortgagee to liquidate the mortgaged property under many circumstances.You can read more legal updates in the January 2018 Black Book issue of DS News, out now. Previous: Diversity Council Drives Progress With Leadership From Fannie Mae Next: Massachusetts Supreme Court Ruling Clarifies Foreclosure Rights Sign up for DS News Daily Tagged with: Eighth District Court of Appeals Foreclosure Ohio Ohio Supreme Court time period Walden Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Appeals Court Expands Ohio Statute of Limitations Decisioncenter_img Eighth District Court of Appeals Foreclosure Ohio Ohio Supreme Court time period Walden 2018-01-30 Radhika Ojha Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago January 30, 2018 5,058 Views Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Subscribelast_img read more

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Marion McDougall Stepping Down From Caliber

first_img About Author: Radhika Ojha Demand Propels Home Prices Upward 2 days ago Previous: A Resurgence of ARMs Next: Fitch Rates Nationstar’s U.S. RMBS Governmental Measures Target Expanded Access to Affordable Housing 2 days ago November 14, 2018 2,607 Views Related Articles Caliber Home Loans Marion McDougall 2018-11-14 Radhika Ojha Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Marion McDougall Stepping Down From Caliber Tagged with: Caliber Home Loans Marion McDougall 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 Home / Daily Dose / Marion McDougall Stepping Down From Caliber Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Marion McDougall, EVP, Chief Loan Administration Officer at Caliber Home Loans will be stepping down from her current position by the first quarter of 2019, according to industry sources.An industry veteran with more than 25 years of financial services experience in the U.S. and internationally, McDougall has worked in mortgage and retail banking with a particular emphasis on mortgage servicing, business development, and post-closing. She was recently honored with the Lifetime Achievement Award at the Five Star Conference.While accepting the award, McDougall said that the industry had come a long way, battling the cyclical nature of the housing and mortgage business as well as the regulatory changes and pressure. “I challenge us all to continue to think outside of the box, and about our industry from the perspective of our customers not only from a compliance perspective,” she told the audience.McDougall had said that it was interesting to see how many of the technological advances that were envisioned 18 years ago had been realized today. “It is even more interesting, however, how many opportunities the technologies present that the mortgage industry has not yet taken advantage of,” she said during the awards ceremony. “We must continue to act like mortgage bankers and innovate by leveraging the ever-expanding toolkit available to us.”Learn more about McDougall’s career and her impact on the industry in this video: The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 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.  Print This Post in Daily Dose, Featured, News, Servicing Subscribelast_img read more

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A Decade Later: Assessing the American Dream

first_imgSign up for DS News Daily The Great Recession ended 10-years ago in June. In a new blog, Odeta Kushi, Deputy Chief Economist, First American compared the housing market trends at that time with the current numbers to analyze how far the housing market has come over the past decade.For the analysis, Kushi studied the housing demand metrics, supply metrics, and homeownership metrics. These were scaled relative to their level at the end of the Great Recession.”Today’s housing market enjoys much stronger demand than a decade ago, but housing supply has slumped,” Kushi observed. “More house-buying power and expanded access to credit, along with a demographic tailwind from millennials aging into prime home-buying age, all bode well for housing market demand. The question is whether there are enough homes for sale to meet this surging demand.”She noted that affordability has improved since the end of the Great Recession largely due to lower mortgage rates and rising household income. In fact, mortgage rates in April were 1.3% lower than those in June 2009. At the same time, consumer housebuying power has increased by 54% over the past 10 years.Similarly, credit availability has improved by 30% over this period.As reported by MReport, in a recent episode of The Exchange on CNBC, Skylar Olsen, Economic Research Director, Zillow, had also observed that the fall of mortgage rates gives many “reason to believe” that the current coolness in the market wouldn’t last long.The challenge today, according to Kushi is the lack of supply. She noted that inventory turnover has declined by 16% since June 2009.”A major reason for the lack of homes for sale is increasing tenure–the length of time a homeowner lives in their home,” Kushi said. “In the years following the recession, tenure has rapidly increased and it is currently more than 11 years, compared to just under seven years at the end of the Great Recession.”While building new homes might seem like a natural solution to solve this issue, Kushi noted that for more than a decade, “home building has not kept up with the demand for shelter.””While housing starts, a leading indicator of new home completions, have doubled since the lows reached at the end of the recession, they remain 33% below their 2000 level,” she said.According to Olsen, slowing home value appreciation was also a concern. “Home value appreciation is slowing down fairly significantly in those expensive markets. The percentage of listings that have price cuts have shot up as the housing market starts to transition.” Olsen said. Previous: Better Data, Stronger Performance Next: The Week Ahead: Fed Chair in the Spotlight Data Provider Black Knight to Acquire Top of Mind 2 days ago A Decade Later: Assessing the American Dream Demand Propels Home Prices Upward 2 days ago Related Articles About Author: Radhika Ojha Demand Propels Home Prices Upward 2 days ago 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. Share Save in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Tagged with: Demand First American Home home price appreciation HOUSING Supply Zillow Home / Daily Dose / A Decade Later: Assessing the American Dream The Best Markets For Residential Property Investors 2 days ago  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand First American Home home price appreciation HOUSING Supply Zillow 2019-07-05 Radhika Ojha July 5, 2019 1,212 Views Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more

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The Ups and Downs of Home Prices

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago August 6, 2019 840 Views Share Save Previous: When Does a Condo Owner’s Lien Liability End? Next: Impact of the Economy on Default Risks Sign up for DS News Daily Home prices across the country in the first half of 2019, grew at their slowest pace since 2011, according to an analysis of CoreLogic’s Home Price Index (HPI).The analysis indicated that homes could get more affordable especially in the lowest-tier. While home prices rose 3.4% year-over-year in June, the first-half 2019 home price increase was 2.9%. CoreLogic then analyzed four home-price tiers to determine what kind of housing had seen the most slowdown in home prices in the first six months of 2019.It found that the while all the four price tiers saw a slowing in price appreciation ranging between 2.2 to 3.4 percentage points compared with a year ago, the lowest price tier homes saw the largest slowdown. This, despite the lowest price tier increasing 5.5% year over year in June 2019, compared with 4.5% for the low- to middle-price tier, 3.8% for the middle- to moderate-price tier, and 2.8% for the high-price tier.”The overall HPI has increased on a year-over-year basis every month for seven years (since February 2012) and has gained 61.4% since hitting bottom in March 2011,” Molly Boesel, Principal, Economist, Office of the Chief Economist at CoreLogic wrote on the company’s blog. “As of June 2019, the overall HPI was 8.5% higher than its pre-crisis peak in April 2006. Adjusted for inflation, U.S. home prices increased 2.7% year over year in June 2019 and were 11.4% below their peak.”Looking at the states where home price appreciation was the highest, the analysis found that Idaho led the pack. In fact, this Midwest state has been leading home price appreciation for nine straight months and had an annual appreciation of 9.9% this June.”Prices in 40 states (including the District of Columbia) have risen above their nominal pre-crisis peaks. Of the seven states that had larger peak-to-trough declines than the national average, California, Idaho, and Michigan have surpassed their nominal pre-crisis peaks as of June 2019,” Boesel said.The only three states to show a decline in home price appreciation were South Dakota, which saw a depreciation of 4.7% followed by Connecticut (0.4%) and Delaware (0.2%). Related Articles About Author: Radhika Ojha Tagged with: Affordability Cities CoreLogic Home Prices Homes HOUSING HPI price-tiers states  Print This Post The Ups and Downs of Home Prices Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / The Ups and Downs of Home Pricescenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 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. Affordability Cities CoreLogic Home Prices Homes HOUSING HPI price-tiers states 2019-08-06 Radhika Ojha The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 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 The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more

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DS5: How Technology and the Fed are Assisting Servicers

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago DS5: How Technology and the Fed are Assisting Servicers Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago April 8, 2020 18,925 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago DS5 2020-04-08 Seth Welborn The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago In this episode of DS5: Inside the Industry, hear from Robert Caruso, CEO of ServiceMac, and Allen Price, SVP and Head of Sales for BSI Financial.Caruso will be discussing how technology is assisting servicers in navigating challenges in an unpredictable time, as well as the challenges servicers will be facing while working from home.Price will be talking about the Fed’s recent actions to assist homeowners, as he says, the Fed has been “on point” with their response for the financial community.You can watch the full episode here or via the embed below. Also find DS5’s interview with Federal Housing Finance Agency Director Mark Calabria here. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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. About Author: Seth Welborn Previous: Analyzing California’s Response to Wildfire Insurance Next: Property Taxes Increased to Over $306.4Bcenter_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Related Articles Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Media, News, Webcasts Home / Daily Dose / DS5: How Technology and the Fed are Assisting Servicers Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: DS5 Sign up for DS News Daily Subscribelast_img read more

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Donegal Deputy confirms test reports on Mica affected homes in Donegal are being reviewed

first_img Twitter Donegal Deputy confirms test reports on Mica affected homes in Donegal are being reviewed By admin – April 23, 2015 Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/04/pad530.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Homepage BannerNews GAA decision not sitting well with Donegal – Mick McGrath RELATED ARTICLESMORE FROM AUTHOR Facebook Three factors driving Donegal housing market – Robinson LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Donegal Sinn Féin TD, Pádraig Mac Lochlainn has received confirmation from the Minister of State for the Environment, Paudie Coffey that test reports on concrete blocks affected by Mica in Donegal are currently being reviewed by his department officials.A technical report is being prepared on the matter.Deputy Mc Lochlainn is welcoming the news.Speaking to Highland Radio News, Deputy Mc Lochlainn is calling for a similar approach to be made to that of the Pyrite Resolution Scheme in Dublin, in order to help the significant number of families affected by Mica in Donegal: Twitter Google+ Calls for maternity restrictions to be lifted at LUH WhatsApp Facebook Pinterest Google+ WhatsApp Nine Til Noon Show – Listen back to Wednesday’s Programme Previous articleMet Eireann say dry spell will end as rain forecasted for tomorrowNext articlePolice in Derry seeking assistance in tracing missing teenager admin Guidelines for reopening of hospitality sector published Pinterestlast_img read more

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Derryman who threatened to kill police given a five month suspended sentence

first_img Google+ Pinterest RELATED ARTICLESMORE FROM AUTHOR Guidelines for reopening of hospitality sector published Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Previous articleLyndsay Lohan to move to London permanentlyNext articleICSA says it may withdraw from the Quality Assurance scheme if prices don’t improve News Highland Derryman who threatened to kill police given a five month suspended sentence Twitter WhatsApp By News Highland – July 16, 2014 Google+center_img Facebook Three factors driving Donegal housing market – Robinson A man who shouted at police officers “I will have you shot”, has been given a five month jail sentence, suspended for 18 months.43-year-old Declan Smith, from Glenabbey Road in Derry, was arrested on Monday after he verbally abused police officers who were on patrol near his home.During a special sitting of Derry Magistrates Court yesterday, Smith admitted trying to open the door of a police car and shouting abuse at the officers.He also gave officers a false name after he was arrested.Smith, who in 2008 became the first man in Northern Ireland to have a Taser stun gun used on him by police, has 10 previous convictions. Seven of them for public order offences.His solicitor told Judge Peter King that when Smith was drunk he became angry because the stun gun incident still preyed on his mind. News Facebook Calls for maternity restrictions to be lifted at LUH Twitter Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApplast_img read more

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Campaign intensifies for new footbridge at Bunbeg

first_img Campaign intensifies for new footbridge at Bunbeg Previous articleSinger Natalie Cole laid to rest with music and laughterNext articleDonegal truck driver killed in Monaghan collision is named admin Facebook WhatsApp Google+ RELATED ARTICLESMORE FROM AUTHOR Homepage BannerNews Twitter WhatsApp Facebook By admin – January 12, 2016 Nine Til Noon Show – Listen back to Wednesday’s Programme center_img Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest Three factors driving Donegal housing market – Robinson Calls for maternity restrictions to be lifted at LUH Google+ GAA decision not sitting well with Donegal – Mick McGrath Twitter Guidelines for reopening of hospitality sector published The possibility of a proposed footbridge at Bunbeg is back on the table with Minister Joe McHugh saying his department will make official contact with Donegal County Council in the coming days to discuss the issue.It’s been claimed the bridge there poses a safety risk to both motorists and pedestrians and there have been numerous calls in the past for a footbridge to be constructed alongside it.The footbridge would cost between €120,000 and €150,000.Cllr Micheal Cholm Mac Giolla Easbuig says he’s hopeful the funding can be found, but stressed there are no guarantees…….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/01/michchbridge.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.last_img read more

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Man charged in Derry with possession of hand grenades and firearms

first_imgNews Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApp RELATED ARTICLESMORE FROM AUTHOR By News Highland – October 27, 2013 Pinterest In Derry a man has been charged with possession of hand grenades and firearmsThe 27 year-old – who was detained in Derry yesterday – is also accused of having a stun gun and CS gas spray.He’s due to appear before Derry Magistrates’ Court tomorrow. WhatsApp Calls for maternity restrictions to be lifted at LUH Facebook Three factors driving Donegal housing market – Robinson Twittercenter_img Pinterest Google+ Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Google+ Twitter Guidelines for reopening of hospitality sector published Previous article10 jobs lost as Nynes Gala Service Station shutsNext articleViable letter bomb discovered at Public Prosecution Service office in Derry News Highland Man charged in Derry with possession of hand grenades and firearms Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

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