FHFA Increases Actions to Prevent Home Loss

first_img Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / FHFA Increases Actions to Prevent Home Loss FHFA Increases Actions to Prevent Home Loss Data Provider Black Knight to Acquire Top of Mind 2 days ago 2021-02-15 Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago Previous: Metros With Increasing Foreclosure Activity Next:  Single-Family Rental Rates Accelerated at 2020’s End   Share Save Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Chuck Green has contributed to the Wall Street Journal, Washington Post, Los Angeles Times, San Francisco Chronicle, Chicago Tribune and others covering various industries, including real estate, business and banking, technology, and sports. About Author: Chuck Green The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago February 15, 2021 1,286 Views Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Foreclosure prevention actions are mounting, according to the Federal Housing Finance Agency.  A total of 107,609 were completed by the Enterprises in November—with the total hitting 5,499,159 since September 2008. It marked the start of the conservatorships. Meantime, permanent loan modifications have accounted for about 44% of these actions. In November, there were 2,624 permanent loan modification since the conservatorships began in September 2008, that brought the total to 2,437,133.  The same month, 14% of modifications were those with principal forbearance, whose modifications with extend-term only accounted for just 68% of all loan modifications. There was a bounce from 83,404 in October to 57,133 in November in the number of borrowers on the receiving end of payment deferrals after wrapping up a COVID-19 related forbearance plan. There was only a modest uptick on initiated forbearance plans in November, from 58,516 in October to 59,203. Conversely, the total number of loans dipped from 922,589 at the end of October to 841,977 at the end of November. That was around 2.90% of the total loans serviced, and 69% of the total delinquent loans. As mortgage rates continued to fall through October, last November, total refinance volume parachuted, sustaining a record-breaking pace.  There was a modest jump, to 1.02%, in the 30-59 days delinquency rate. Meanwhile, the serious delinquency rate spiraled from 2.99% at the end of October to 2.88% as November wound down.  Following a similar course, there was a trail off of 19% to 602 in third-party foreclosure sales. In November, foreclosure starts descended 38% to 1,540 in November. The million-dollar questions that everyone in the industry is asking right now are: “What are foreclosures going to look like once the foreclosure moratoria and forbearance programs come to end?  And will we see all those borrowers in forbearance end up in default?” The short answer is “there probably won’t be a foreclosure tsunami.” But mortgage servicers and other default servicing professionals should prepare themselves nonetheless. Some industry analysts have predicted a huge wave of foreclosures once the forbearance program comes to an end. Popular opinion at the start of the pandemic was if there were 4 million people in forbearance, we’d ultimately have 4 million people in foreclosure. But the way the program has worked so far suggests that’s simply not the case. The Federal Reserve Bank of St. Louis estimated that 500,000 borrowers avoided foreclosure during the fourth quarter of 2020 due to coordinated relief efforts, which makes the CARES Act forbearance program is one of the best examples we’ve ever seen of the government and the industry working hand-in-hand to accomplish such a positive outcome. The program has done exactly what it was supposed to do: allowed millions of people to get through the pandemic and recession without losing their homes while giving them time to get back on their feet financially once COVID-19 is under control. But there are still millions of borrowers in the forbearance program. What will happen to them as they exit, and how will the industry handle the high volume of borrower requests for repayment plans?  Related Articles  Print This Post Subscribelast_img read more

Governor Wolf’s Middle Class Task Force Hears From North Central Pennsylvania

first_imgGovernor Wolf’s Middle Class Task Force Hears From North Central Pennsylvania October 13, 2017 Economy,  Government That Works,  Press Release Harrisburg, PA – Governor Tom Wolf’s Middle Class Task Force stopped in Kersey, Elk County today for the second of six regional meetings across the commonwealth. The panel of business, labor, education and workforce development experts is listening to residents about how to improve the lives of middle class families and make policy recommendations to the governor.“Pennsylvania is a diverse state with large cities and rural communities, and it is important that we listen to employers, workers, educators, and students in each region about supporting and growing the middle class,” said Governor Wolf. “Already we have made historic investments in education and expanded workforce training and economic development to make Pennsylvania an attractive place to live and do business, but we must do more.“This diverse panel will listen to Pennsylvanians about the challenges facing middle class families and I look forward to hearing their recommendations to create a workforce and economy that will thrive for years to come.”The task force is led by four chairpersons appointed by the governor: Pennsylvania Chamber of Business and Industry President and CEO Gene Barr, Pennsylvania AFL-CIO President Rick Bloomingdale, Pennsylvania State System of Higher Education Assistant Vice Chancellor Dr. Sue Mukherjee, and Pennsylvania Workforce Development Association Chairperson Susie Snelick.Local leaders from these diverse constituencies participate in each task force meeting to engage in a conversation and provide the perspective of that region.Pennsylvania’s middle class and economy are changing for workers and businesses. Near full employment has created a tight labor market in some communities while other employers cannot find skilled workers for available jobs.Representing the Wolf administration on the task force are Department of Education Secretary Pedro Rivera, Department of Community and Economic Development Secretary Dennis Davin, Acting Department of Labor and Industry Secretary Jerry Oleksiak.The task force will present recommendations to the governor later this year.center_img SHARE Email Facebook Twitterlast_img read more

Maxima opens Barcelona office to accelerate Complitech commercial capacity

first_imgShare Maxima Compliance appoints Francesco Bianchi as technical lead June 15, 2020 StumbleUpon Maxima Compliance – ‘Mastering technical compliance to grow your global footprint’ June 9, 2020 Related Articles Providing further commercial support for its recently launched ‘Complitech‘ database, industry full-service compliance agency Maxima Compliance (Maxima) has opened a new office in Barcelona.Maxima details that it has established a further office in Barcelona, as the company seeks to accelerate the commercial capacity of Complitech and further future products under current development.Launched during Q1 trading, Complitech provides industry leadership with an instantly updated database solution providing the most accurate information on all technical requirements needed for operators to launch product to new markets..Maxima opens its third office in Barcelona, joining its London headquarters and a technical compliance hub in Conwy, North Wales.Antonio Zanghi, founder and managing director of Maxima Compliance, said: “A third office has quickly become essential for Maxima Compliance given our rapid growth over the past few months.“Since we launched Complitech earlier this year, demand for both the product and our services has increased significantly. This office is part of a wider expansion and we will be adding some world-class expertise to our team in the coming months to ensure we maintain our position as the industry’s go-to compliance specialists.” David Lampitt, Sportradar: F1 presents betting’s most sizeable opportunity August 14, 2020 Submit Sharelast_img read more

McKennie and Adams start vs full-strength France

first_imgFrance v United States France vs USA team news: McKennie and Adams start for USMNT Ben Valentine 02:13 6/10/18 FacebookTwitterRedditcopy Comments(0) Weston McKennie USMNT 2 05282018 Bill Streitcher France v United States United States Friendlies France The teenage duo will face a tough test as they have been handed the start against one of the World Cup favorites Weston McKennie and Tyler Adams will pair together in the midfield as a youthful U.S. national team closes out its summer friendlies against France in Lyon.The teenage duo will begin in a midfield trio with Wil Trapp of the Columbus Crew captaining the side and sitting deepest of the three.Dave Sarachan will play three center backs in the contest, with Matt Miazga, Cameron Carter-Vickers getting the start alongside Tim Parker. Article continues below Editors’ Picks Out of his depth! Emery on borrowed time after another abysmal Arsenal display Diving, tactical fouls & the emerging war of words between Guardiola & Klopp Sorry, Cristiano! Pjanic is Juventus’ most important player right now Arsenal would be selling their soul with Mourinho move Parker receives his first ever senior start, as does Levante right-back Shaq Moore, who comes in for DeAndre Yedlin. Everton’s Antonee Robinson, who started against Bolivia, returns to the XI for a much sterner test against France as he lines up on the left.Up top, Bobby Wood, who scored the lone USMNT goal against the Republic of Ireland, will pair with Julian Green. It is Green’s first start for the national team since October 2016.Teenagers Tim Weah and Josh Sargent start the game on the bench.The USMNT will play in front of Crew goalkeeper Zack Steffen who makes his second start for the senior team, coming in after Bill Hamid went the distance against Ireland.Meanwhile, France have gone with a full-strength side against the USMNT as Hugo Lloris, Samuel Umtiti, Paul Pogba, N’Golo Kante, Kylian Mbappe and Antoine Griezmann all start for Les Blues.The Stars and Stripes take Lyon. Meet our starting XI for #FRAvUSA.Lineup notes » https://t.co/vi41TGF6zR pic.twitter.com/HOGwsSBthj— U.S. Soccer MNT (@ussoccer_mnt) June 9, 2018USA XI: Steffen; Moore, Carter-Vickers, Miazga, Parker, Robinson; Trapp, Adams, McKennie; Green, WoodFrance XI: Lloris; Sidibe, Varane, Umtiti, Mendy; Pogba, Kante, Matuidi; Mbappe, Griezmann, Giroudlast_img read more

The Cubs Arent Just The BryantRizzo Show Anymore

Since their incredible World Series run in 2016, the Chicago Cubs haven’t always lived up to the grand expectations set forth for their young core. The 2017 version never really clicked, even before the Los Angeles Dodgers dispatched them in the National League Championship Series, and this year’s club spent almost all of the first half trailing the upstart Milwaukee Brewers in the NL Central race. And yet, the Cubs’ empire hasn’t crumbled yet. They recently fought their way back into first place, having won 15 of their past 20 games through Sunday’s win over visiting St. Louis, and our projection model has them tipped as the NL favorites.Unlike the 2016 Cubs, who enjoyed a historically effective pitching staff, Chicago’s primary weapon this season has been a dominant offense that is averaging an NL-best 5.2 runs per game. At a glance, that might not be too surprising for a team with Kris Bryant and Anthony Rizzo penciled in the lineup every day. But the driving forces behind this year’s offensive performance aren’t the leading names we’ve come to expect — and it remains to be seen whether this new configuration is sustainable as the team moves away from the All-Star break.From 2015 through 2017, there essentially wasn’t a better 1-2 offensive punch in baseball than Bryant and Rizzo. Together, the pair was responsible for 712 weighted runs created (according to FanGraphs.com) — the most by any two teammates over that span — and they generated 30.5 percent of the Cubs’ total runs — which, among duos, ranked second to the Los Angeles Angels’ Mike Trout-Kole Calhoun tandem.1Also known as “Trout plus whoever happened to log enough at-bats to finish a distant second on the team in wRC.” To the extent that Chicago was a legitimately great offensive team during those seasons, that was mainly the doing of the Cubs’ top two bats. A. Russell7.1– B. Zobrist6.4– D. Fowler7.5– PlayerShare of Cubs’ wRCPlayerShare of Cubs’ wRC K. Bryant15.2– A. Rizzo10.2– 2015-17 seasons2018 K. Bryant11.0– W. Contreras10.4– The Cubs are getting help from more placesTop five Chicago Cubs players by share of weighted runs created (wRC), through July 21, 2018 A. Rizzo15.3%– J. Baez11.8%– This season, however, Chicago’s hitters have spread the contributions around. Through Saturday’s games, Bryant and Rizzo had generated only 21.2 percent of the Cubs’ weighted runs created, with an even greater share turned in by other tandems on the roster — such as Javier Baez and Willson Contreras (22.2 percent).For Rizzo, it has been an outright disappointing year. Going into the season, FanGraphs projected a weighted on-base average (wOBA) of .389, but through Saturday he had only managed to deliver a .337 mark, which is barely better than league average and represents his worst output since 2013. Rizzo’s power numbers are mostly to blame; he’s on pace for just 20 home runs after averaging 32 over the previous four seasons. Although StatCast indicators such as exit velocity suggest that Rizzo has been hitting the ball plenty hard, his swing has flattened out into more of a line-drive stroke, which has resulted in many fewer balls hit in the sweet spot for power and launch angle.Bryant has been much better than Rizzo, with a solid .371 wOBA that ranked 26th in baseball. But even that comes off as slightly unsatisfying after a 2017 season in which Bryant was a top-10 hitter and set career highs in batting average and on-base percentage. At 26, Bryant was supposed to be on an upward trajectory toward peak production, but this season has been a step backward — particularly given that his rates of hard-hit balls also have been trending in the wrong direction.Luckily for the Cubs, others have stepped in to pick up the slack. Baez is enjoying easily the best campaign of his career, and he has the potential to flirt with 30 homers before season’s end. Contreras, too, is tracking for his finest season (thanks especially to an uptick in playing time), and Albert Almora Jr. and Kyle Schwarber had a combined .351 wOBA after going for a .333 mark last season. Even Jason Heyward, whose struggles at the plate have held him back when compared with his star reputation in the field, boasted an above-average .337 wOBA. Not every Cubs player is having an outstanding year with the bat — sorry, Addison Russell — but most of them are: Of Chicago’s top 10 batters by plate appearances, nine (all but Russell) are above the league average in wOBA.2In terms of having a weighted runs created plus above 100.Naturally, the Cubs would love for their lesser stars to keep raking while Bryant and Rizzo revert to their previous form, although underperformers don’t appear any more likely to progress upward to their previous means than overperformers are to slide back downward. At least, that’s according to a quick and dirty study I did of qualified hitters3Specifically, players between the ages of 25 and 30 who had at least 250 plate appearances in a given season, had at least 1,000 career plate appearances going into that season and had at least 250 plate appearances the following season. since 1950. The 20 percent of players who overachieved most (in terms of wOBA, compared with that of their career previously) tended to give about 61 percent of their gains back the following season. Meanwhile, the 20 percent who underachieved most tended to regain about 67 percent of their previous form the next year. The difference wasn’t quite statistically significant — and that’s before considering that the sample is somewhat biased for underachieving players to bounce back. (Remember, they needed 250 plate appearances the next season to be considered.) So the Cubs should be prepared to take the good with the bad when it comes to which players revert to their previous standards of performance.Either way, Chicago will need to keep scoring runs. As Craig Edwards of FanGraphs wrote a few days ago, the Cubs’ starting pitching has been so bad that it’s on pace to accrue the fewest wins above replacement in recent franchise history. Chicago’s bullpen has been reliable enough to salvage some victories, and its defense is very good, per usual. But barring some kind of major trade to shore up the rotation, the Cubs will continue to ride their offense-first philosophy into the postseason and hope whatever regression comes is of the positive variety — such as Rizzo and Bryant turning into the team’s dominant combination of old — rather than the negative.Check out our latest MLB predictions. K. Schwarber10.2– Source: FanGraphs read more

PM Tables Sexual Harassment Bill

first_img Recommended for you Jamaica’s Senate Begins debate on National Identification and Registration Bill Facebook Twitter Google+LinkedInPinterestWhatsApp Two boys die, bicycle and van collide in St. Catherine, Jamaica Facebook Twitter Google+LinkedInPinterestWhatsAppKINGSTON, Dec. 9 (JIS): Prime Minister, the Most. Hon. Portia Simpson Miller, tabled the Sexual Harassment Bill in the House of Representatives on Tuesday (December 8).The legislation provides a framework for addressing the issue of sexual harassment in Jamaica. Specifically, it outlines sexual harassment in the home, workplace and institutions, and the actions that can be taken against persons, who commit such offences.Speaking at the Jamaica House press briefing today (December 9), Information Minister, Senator the Hon. Sandrea Falconer, said the legislation was shaped from the CARICOM Model Bill on Sexual Harassment, taking into account local cultural norms.“Importantly too, under the Act, victims of sexual harassment will be able to seek redress in the Resident Magistrate’s Court or at a special division of the Industrial Disputes Tribunal, which will be established for this purpose,” Senator Falconer informed.Following debate and passage in the Lower House, the Bill will go before the Senate for its deliberation. Bahamas DPM Turnquest, as IDB Governor, Talks Technology and Climate Change Resilience at IDB Conclave Related Items:bill, jamaica, sexual harassment billlast_img read more

Homelessness in San Diego

first_img Categories: Local San Diego News Tags: Homelessness FacebookTwitter January 9, 2018 KUSI Newsroom, Homelessness in San Diego KUSI Newsroom 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsAlthough many steps have been taken to try and improve the homeless issue in San Diego, it continues to be a topic of concern.KUSI was joined by founder of Homelessness News San Diego, Michael McConnell, with more on the problem the city is facing. Posted: January 9, 2018last_img read more

Dutch study suggests WiFi possibly harmful to trees

first_img More information: Wageningen University original (Dutch): www.wageningenuniversity.nl/NL … euws/Bomen101120.htm (PhysOrg.com) — A new study carried out in the Netherlands suggests radiation from Wi-Fi networks may be damaging trees and affecting the growth of other plants near routers. Image: Wikipedia. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Citation: Dutch study suggests Wi-Fi possibly harmful to trees (2010, November 24) retrieved 18 August 2019 from https://phys.org/news/2010-11-dutch-wi-fi-possibly-trees.html © 2010 PhysOrg.com Shade trees fight global warming in Calif. Explore further Scientists from Wageningen University were asked to carry out the study five years ago after local officials in Alphen aan den Rijn noted that ash trees planted near a wireless router were suffering from bleeding bark, cracks, lumps, discolorations, and their leaves were dying. No bacterial or viral infection could be identified in the trees.The researchers, led by Dr. A.A.M. van Lammeren, exposed small ash trees and other plants to six sources of radiation at frequencies varying from 2412 to 2472 MHz and a capacity of 100 mW EIRP, the range common for Wi-Fi. The plants were placed at distances varying from 50 to 300 cm for a period of more than three months. The results revealed that in trees closest to the Wi-Fi source the upper and lower epidermis (skin) of the leaves developed a metallic luster and began to die off. A survey of trees in urban areas in the Netherlands showed 70 percent of all deciduous trees had similar symptoms, compared to only 10 percent five years ago, while in wooded areas away from urban centers trees were unaffected.Reports on the study may inflame concerns in some over locating wireless routers in schools and fears radiation from them may affect humans as well as trees, but the scientists concerned stress the findings are preliminary and no far-reaching conclusions can be made. The researchers say larger scale research is needed over a longer period to confirm the findings. It is unclear whether the experiments ruled out other possible factors such as the presence of more pollution in urban areas than forests. The study also acknowledges that other research carried out elsewhere has shown Wi-Fi radiation has no detrimental effects.The study will be the subject of a conference in the Netherlands in February next year.last_img read more

Bengal to push for GST exemption up to Rs 50 lakh Mitra

first_imgKolkata: West Bengal would try to prevail upon the GST Council for giving exemption to businesses having an annual turnover of up to Rs 50 lakh, the state’s Finance Minister Amit Mitra said today. At present, the exemption limit for GST is for businesses having an annual turnover of Rs 20 lakh or less. “Let the GST stabilise first. It has not yet stabilised as matching of invoices with vouchers was being done manually,” Mitra said at a meeting of garment manufacturers and traders here. Also Read – Speeding Jaguar crashes into Merc, 2 B’deshi bystanders killed He said the implementation of the new tax regime was done in a hurry, and the GST network had not been able to upload the GSTR2 form online yet for matching vouchers with invoices done through the GSTR1 (already uploaded online). “The exemption limit can be raised gradually,” he said. Mitra also announced that requirement of e-way bills for workers within the state was no longer needed. This, he said, would apply to the garment manufacturers in West Bengal. Also Read – Naihati: 10 councillors return to TMC from BJP “The state government will help the industry (garment) to get more organised so that better margins are realised,” the minister said. Mitra said the state had already formed a JV with the National Institute of Design (NID) of Ahmedabad for a design centre in West Bengal, and efforts would be made for designing of textiles as well. He stressed upon the need for upgradation of the quality of garments and refrain from using ‘azo-dyes’, which bar the manufacturers from exporting to European countries.last_img read more