Oak House / Kennedy Nolan

first_imgArchDaily Architects: Kennedy Nolan Area Area of this architecture project “COPY” Oak House / Kennedy NolanSave this projectSaveOak House / Kennedy NolanSave this picture!© Derek Swalwell+ 21Curated by Paula Pintos Share Year:  Projects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/923124/oak-house-kennedy-nolan Clipboard Oak House / Kennedy Nolan Patrick Kennedy, Rachel Nolan, Victoria Reeves, Peter Cole, Adriana Hanna CopyHouses•Melbourne, Australia 2019 Houses ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/923124/oak-house-kennedy-nolan Clipboard Area:  354 m² Year Completion year of this architecture project Lead Architects: Photographs CopyAbout this officeKennedy NolanOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesMelbourneAustraliaPublished on August 19, 2019Cite: “Oak House / Kennedy Nolan ” 19 Aug 2019. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodSiding Façade SystemWindowsMitrexSolar WindowMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialMetal PanelsDri-DesignMetal Panels – CopperIn architectureSikaBuilding Envelope SystemsExterior DeckingLunawoodThermowood DeckingMembranesEffisusFaçade Protection – Breather+Metal PanelsPure + FreeFormCustom Metal Cladding – Legacy Fund 1 BuildingWood Boards / HPL PanelsInvestwoodWood Fiber Partition Walls – ValchromatDoorsLinvisibileLinvisibile FILO 10 Vertical Pivot Door | BrezzaSkylightsFAKROEnergy-efficient roof window FTT ThermoToilets / BidetsBritexToilets – Accessible Centurion PanMore products »Save想阅读文章的中文版本吗?橡木小屋 / Kennedy Nolan是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream “COPY” Australia Engineering:Webb ConsultLandscape:Amanda OliverCity:MelbourneCountry:AustraliaMore SpecsLess SpecsSave this picture!© Derek SwalwellRecommended ProductsDoorsAir-LuxPivoting DoorWoodParklex International S.L.Wood cladding – FacadeWoodEGGERLaminatesDoorsVitrocsaGlass Technology in Hotel BeaulacText description provided by the architects. A project in the venerable tradition of alterations and additions to heritage houses – a testing ground for Architect’s ideas.  This adaptive re-use of a double fronted Victorian house incorporates a re-working of the existing house, a new pavilion forming a central court yard, a garage and workshop building to the rear laneway and a small swimming pool.  The house is distinctive for its mature Oak tree which towers above the garden and a red steel brise-soleil which performs many functions, including that of sun-shading.Save this picture!© Derek SwalwellWe began with the elements that make a domestic environment functional and dignified; zoning, acoustics, privacy, aspect and comfort.  In this instance the site and existing dwelling suggested a courtyard arrangement.  The courtyard is bounded by sitting rooms at either end with the long edge incorporating the kitchen and dining room. Save this picture!© Derek SwalwellIn this way the family can be apart but always feel proximate and all rooms have garden aspects.  The first floor faces north and provides accommodation for two children.  The elevation of this element provides a backdrop to the central courtyard and thus provides the dominant architectural expression of the house. Save this picture!© Derek SwalwellAs such it needed to form a cohesive and singular backdrop but also accommodate complex, ventilated glazing for a variety of rooms and provide sun shading and privacy from below and above.  The brise-soleil was able to effectively perform all these duties whilst also having visual depth and providing texture and complexity.Save this picture!Save this picture!Within the conventional parameters of this type of project, we look to be progressive in an approach to visual qualities.  Our Clients were enthusiastic about colour and so we developed a palette which could inform all of our design decisions.  We chose an oxidised red colour for the steel elements, including the large format sliding doors and fixed glazing as well as the brise-soleil to the first floor. Save this picture!© Derek SwalwellAccompanying this are terra cotta tiles and Douglas Fir, both of which complement the warm, earthy red of the steel.  The interiors range from the dramatic to the tranquil using concentrations of colour in varying intensities.  The garden, devised with Amanda Oliver, consists of areas to the front and rear of the house as well as a courtyard and a roof garden so that a living aspect is always available.Save this picture!© Derek SwalwellWe investigated how the familiar spatial arrangements of the back-yard addition could be enlivened without falling into an uncomfortably over-expressive architecture, or mullet architecture (business in the front with a party out the back). Save this picture!© Derek SwalwellWe proposed elements with a large-scale graphic quality which could sit comfortably alongside the austere Victorian forms; the sculptural free-standing chimney, the enigmatic symbols of the window and door mullions, the muscular concrete roof form and most especially the grid of the brise-soleil.  Unexpected visual variety emerges everywhere in this house, from floor finishes to joinery. Save this picture!© Derek SwalwellThere is a concerted effort to restrain expressive excess, maintain formal and material cohesion throughout the house, resist conventional lifestyle architecture blandness and amplify a sense of joyousness and delight.Save this picture!© Derek SwalwellProject gallerySee allShow lessWeflow Hostel / JH-AtelierSelected ProjectsPoint Roadknight Holiday House / Atelier WagnerSelected Projects Share Photographs:  Derek Swalwelllast_img read more

Wells Fargo Settles for $1.2 Billion Over ‘Shoddy’ Mortgage Practices

first_img The Best Markets For Residential Property Investors 2 days ago Subscribe Share Save Department of Justice FHA HUD Settlements Wells Fargo 2016-04-08 Brian Honea The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Texas Courts Validate MERS Assignments Next: The Week Ahead: Here Come the Q1 Earnings Statements Sign up for DS News Daily 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, Newscenter_img Wells Fargo has agreed to pay $1.2 billion to settle civil mortgage fraud claims against the bank and Wells Fargo executive Kurt Lofrano, according to an announcement from the Department of Justice on Friday.According to the announcement, Wells Fargo agreed to pay $1.2 billion and admitted, acknowledged, and accepted responsibility for certifying that certain residential home mortgage loans were eligible for FHA insurance when they were not. As a result, according to the announcement, when some of those loans defaulted, the government had to pay the FHA insurance claims.“This Administration remains committed to holding lenders accountable for their lending practices,” HUD Secretary Julián Castro said. “The $1.2 billion settlement with Wells Fargo is the largest recovery for loan origination violations in FHA’s history. Yet, this monetary figure can never truly make up for the countless families that lost homes as a result of poor lending practices.”The settlement stems from Wells Fargo’s participation in the Direct Endorsement Lender program, a federal program administered by the Federal Housing Administration. Wells Fargo has the authority to originate, underwrite, and certify mortgages for FHA insurance based on the bank’s status as a Direct Endorsement Lender. If a loan that has been approved for FHA insurance later defaults, the mortgagee may submit an insurance claim to HUD for the balance of the loan, which HUD must pay.The DOJ said that between May 2001 and October 2005, Wells Fargo—the largest HUD-approved residential mortgage lender— engaged in a “regular practice of reckless origination and underwriting of its FHA retail loans, all the while knowing that it would not be responsible when the defective loans went into default.” The DOJ said that the bank hired temporary staff that was not properly trained in order to increase the volume of these loans and also applied pressure on its underwriters to approve more FHA loans.“Predictably, as a result, Wells Fargo’s loan volume and profits soared, but the quality of its loans declined significantly,” the DOJ said.“Wells Fargo has helped millions of people buy homes and we will continue to meet the financing needs of the customers and communities the FHA program is intended to serve.”Franklin Codel, Wells FargoAccording to the DOJ, Wells Fargo then failed to self-report to HUD the bad loans that it was originating. The DOJ said that Lofrano, in his capacity as VP of Credit Risk-Quality Assurance, executed annual certifications required by HUD for the bank’s participation in the Direct Endorsement Lender program on Wells Fargo’s behalf for the years in question.“Today, Wells Fargo, one of the biggest mortgage lenders in the world, has been held responsible for years of reckless underwriting, while relying on government insurance to deal with the damage,” said U.S. Attorney Preet Bharara for the Southern District of New York. “Wells Fargo has long taken advantage of the FHA mortgage insurance program, designed to help millions of Americans realize the dream of home ownership, to write thousands and thousands of faulty loans. Driven to maximize profits, Wells Fargo employed shoddy underwriting practices to drive up loan volume, at the expense of loan quality. Even though Wells Fargo identified through internal quality assurance reviews thousands of problematic loans, the bank decided not to report them to HUD. As a result, while Wells Fargo enjoyed huge profits from its FHA loan business, the government was left holding the bag when the bad loans went bust. With today’s settlement, Wells Fargo has finally resolved the years-long litigation, adding to the list of large financial institutions against which this office has successfully pursued civil fraud prosecutions.”In a press release, President of Wells Fargo Home Lending Franklin Codel said, “Today’s court filing details a previously announced agreement in principle that resolves not only the pending lawsuit filed by the U.S. Attorney for the Southern District of New York, but also a number of other potential claims going back as far as 15 years in some cases. It allows us to put the legal process behind us, and to focus our resources and energy on what we do best—serving the needs of the nation’s homeowners.”Codel continued, “We are dedicated to providing access to credit to a broad range of customers through offerings that exist today as well as new products and programs on the horizon. Wells Fargo has helped millions of people buy homes and we will continue to meet the financing needs of the customers and communities the FHA program is intended to serve.”Click here to view the announcement from the Department of Justice. Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Department of Justice FHA HUD Settlements Wells Fargo Home / Daily Dose / Wells Fargo Settles for $1.2 Billion Over ‘Shoddy’ Mortgage Practices Wells Fargo Settles for $1.2 Billion Over ‘Shoddy’ Mortgage Practices About Author: Brian Honea Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago April 8, 2016 1,303 Views last_img read more

Mortgage Debt Hits New Highs

first_imgMortgage debt hit a record $15.8 trillion in Q3 2019, according to data from LearnBonds.com. According to the data, this is the highest amount since the 2008 economic crisis which stood at $14.7 trillion.The home mortgage sector rates showed a steady decline in recent years to hit a low of $13.3 trillion in the third quarter of 2013, and from the 2013 Q3, the debt has increased in a steady trajectory to hit the latest figures recorded in 2019. From the data, there was $401 billion in newly originated mortgage debt in 2018 Q4.“Generally, the mortgage is among the largest component of household debt across the United States,” LearnBonds notes. “However, the mortgage rates have been low since the last quarter of 2018. The Federal Reserve Bank resorted to lowering the rates in the wake of trade uncertainty which affected the global economic growth.”Additionally, debt-to-income (DTI) ratios are on the decline, loan-to-value (LTV) ratios are on the rise, and average credit scores for conventional conforming home loans ticked up as of Q3 2019, according to data from CoreLogic.The average DTI for conventional conforming loans was 36% for Q3 2019, down one point from a year earlier. CoreLogic noted that this shift may be a result of a “relaxing of affordability pressures” as mortgage rates eased in 2019.Mortgage rates declined over the first three quarters of the year and were down 1 percentage point on an annual basis in the third quarter of the year.CoreLogic noted that “credit-risk attributes of borrowers have shown dramatic variation in the last 20 years,” but that while DTI and LTV ratios have relaxed overall, “there has been no change in credit score standards.”Also, the high DTI and LTV loans tend to be fully documented “and thus are different than the pre-housing crash high DTI and LTV loans,” many of which were low or no-documentation loans.Over the past few years, new policies loosening credit standards for the GSEs have helped push average DTI and LTV ratios up for conventional conforming home loans.  Print This Post 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. in Daily Dose, Featured, Market Studies, News Related Articles About Author: Seth Welborn Home / Daily Dose / Mortgage Debt Hits New Highs Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: HUD: Affirmatively Furthering Fair Housing Rule ‘Ineffective’ Next: Mortgage Relief Scam Defendants to Pay $18.5M Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Mortgage Debt Hits New Highs Crisis debt Income mortgage 2020-01-07 Seth Welborncenter_img Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago January 7, 2020 1,657 Views Tagged with: Crisis debt Income mortgage The Best Markets For Residential Property Investors 2 days agolast_img read more