Mortgage Forbearances Down by 57,000

first_imgHome / Daily Dose / Mortgage Forbearances Down by 57,000 Sign up for DS News Daily Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago 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. Related Articles Previous: DS5: Re-Evaluating the Mortgage Business Next: Housing Leaders Praise Supreme Court LGBTQ Decision in Daily Dose, Featured, Foreclosure, News The Best Markets For Residential Property Investors 2 days ago The latest data from the Black Knight McDash Flash Forbearance Tracker shows that the number of mortgages in active forbearance fell for the third week in a row. Overall, the number of active forbearance plans is down 57,000 from last week and 158,000 from the peak the week of May 22.At these levels, mortgage servicers need to advance a combined $3.4 billion a month to holders of government-backed mortgage securities on COVID-19-related forbearances. That’s on top of the $1.4 billion in T&I payments they must make on behalf of borrowers.Some 6.8% of all GSE-backed loans and 12.1% of all FHA/VA loans are currently in forbearance plans. Volumes were actually up 6,000 among non-agency loans for the week, while forbearance plans on government-backed loans were down a collective 62,000.Additionally, according to the McDash Flash Payment Tracker, just 15% of those in forbearance had remitted their June payments as of June 15. That’s compared to 46% as of the end of April and 28% as of May month-end.Forbearances are likely to continue, as the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend their single-family moratorium on foreclosures and evictions until at least August 31, 2020. The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The current moratorium was set to expire on June 30.”To protect borrowers and renters during the pandemic we are extending the Enterprises’ foreclosure and eviction moratorium. During this national health emergency no one should worry about losing their home,” said Director Mark Calabria.The FHFA previously announced that Fannie Mae and Freddie Mac would be able to buy loans in forbearance, with note dates on or before June 30, as long as they are delivered by August 31 and have missed just one mortgage payment. Additionally, the agency will be re-proposing the updated minimum financial eligibility requirements for the Enterprises. Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn Demand Propels Home Prices Upward 2 days agocenter_img  Print This Post Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Foreclosure June 19, 2020 1,898 Views Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Foreclosure 2020-06-19 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Mortgage Forbearances Down by 57,000 The Best Markets For Residential Property Investors 2 days agolast_img read more

Karen DeSalvo named national coordinator for health IT

first_img Read Full Story Department of Health & Human Services Secretary Kathleen Sebelius recently announced the appointment of HSPH alumna Karen DeSalvo, SM ’02, as the next national coordinator for health information technology starting January 13, 2014.DeSalvo will replace fellow HSPH graduate Farzad Mostashari, SM ’91, who stepped down in October.Read coverage from HealthBeat and GovernmentHealthIT.Learn more:HHS names Karen DeSalvo, SM ’02 next National Coordinator for HIT (HSPH Alumni Community)HSPH research on electronic medical records (HSPH News)last_img read more

SDHS Business Professionals of America advance to state competition

first_imgAurora, IN—The South Dearborn High School Business Professionals of America students participated in the Regional Leadership Conference held at Ivy Tech Community College, Madison, Indiana on Saturday, December 7, 2019.  These ten students competed in both team and individual business competitions and walked away winners. In the individual events, the results were as follows, first place, Kyrstin Bond, Application Interview; first place, Cassidy Carter, Fundamental Word Processing; first place, Ben Chapman, Business Law; first place, Haley Rudisell, Fundamental Desktop Publishing, second place, Riley Bamberger, Prepared Speech; second place, Rylee Thies, Extemporaneous Speech; third place, Ben Chapman, Banking and Finance.In the team events, South Dearborn High School had three teams advance to the state competition.  The Economic Research Team including team members Andrew Estanislao, Cassidy Carter and Kristen Rumsey, received first place on their presentation regarding the pros and cons of implementing a Guaranteed Annual Income (GAI) for the citizens living in the United States of America. The Global Marketing Team, consisting of Riley Bamberger, Rileigh Powell and Haley Rudisell, placed second on their presentation and recommendations for the expansion of a fictitious eco-tourism company named Grand Adventures, currently located in Jackson Hole, Wyoming. The Small Business Management Team, members Maria Townsend and Rylee Thies, also advanced to the state by placing second in their event. Both Maria and Rylee had to prepare a presentation for a graphics company that described new policies that would expand their client list and increase sales through improvements made in the company’s graphics equipment and staffing.All of these students will advance to the Business Professionals of America State Leadership Conference (SLC), Indianapolis, Indiana on Sunday, March 8 through Tuesday, March 10, 2020.  The BPA members will be accompanied by club sponsor Mrs. Kelly Pettit.  Good luck to all of these young business professionals.last_img read more

Women’s World Cup 2019: Megan Rapinoe takes aim at FIFA over prize money gap, finals scheduling

first_img“It certainly is not fair,” said Rapinoe. “We should double (the women’s prize money) now and then use that number to double it or quadruple it for the next time. That’s what I mean when I talk about, ‘Do we feel respected.'”A quote came out that I said, ‘FIFA doesn’t care about the women’s game.’ That’s what I mean. If you really care about each game in the same way, are you letting the gap grow?#LaGrandeFinale is [email protected] vs @oranjevrouwenSunday – 17:00 #USANEDYES!— FIFA Women’s World Cup (@FIFAWWC) July 3, 2019″I’m not saying the prize money is $450 million (for the women) this time or next time around. (I) understand that, for a lot of different reasons, the men’s game financially is far advanced than the women’s game.”(But) If we really care about letting the gap grow, are you scheduling three finals on the same day? No, you’re not. Are you letting federations have their teams play two games in the four years between each tournament? No, you’re not. That’s what I mean about the level of care.”We need attention and detail and the best minds that we can possibly have in the women’s game helping it grow every single day. It’s a very complex problem, complex thing to be a part of.”But the resources are there, and I think the willingness and the brain power is all there – people wanting to work in the women’s game and make it as good as it can. It’s all there, it’s just a matter of wanting to do it and caring enough about it to make it happen. … We’re making a World Cup in Qatar happen, that shows you the amount of care they have about the men’s World Cup, considering all of the issues that are happening there.”Rapinoe, like many of her American teammates, has used her platform to speak out about inequality in numerous areas of society, and once again reiterated she has no plans to attend the White House should Jill Ellis’ team retain their trophy.She is also annoyed that the Women’s World Cup final will be one of three showpiece events happening on Sunday.Focus, footy and sunscreenOne more day until #USA v #NED— U.S. Soccer WNT (@USWNT) July 6, 2019The World Cup date had been in the calendar since September 2017, long before CONCACAF revealed the date for the Gold Cup final and CONMEBOL announced plans for the Copa America showpiece.”It’s terrible scheduling for everyone,” said Rapinoe, who expects to be fit to face Netherlands despite missing the semi-final win over England with a hamstring strain.”That’s a terrible idea to put everything on the same day. In every way. There’s two other finals going on but this is the World Cup final, this is like cancel-everything day. Women’s World Cup 2019: Ex-USWNT coach thrilled former American star Sarina Wiegman leading Netherlands in final against U.S. That has irked Rapinoe, who also took aim at FIFA over the gulf in prize money available for the women’s and men’s World Cups.While FIFA president Gianni Infantino on Friday announced plans to double prize money for the 2023 Women’s World Cup from $30 million to $60 million, the pot for the men’s tournament is increasing from $400 million in 2018 to $440 million at Qatar 2022, meaning the disparity will actually grow by a further $10 million. Related News Megan Rapinoe injury update: U.S. star expects to be ‘good to go’ for World Cup finalcenter_img “The World Cup final is set so far in advance. It’s actually unbelievable. So, no, I don’t think that we feel the same level of respect, certainly that FIFA has for the men and just in general.”A FIFA spokesperson said the global governing body and the different confederations had discussed the schedule “in general to minimize any potential timing clashes.”FIFA’s statement said: “The scheduling of the different events has gone through a comprehensive consultancy process that has involved all key stakeholders and taken into account different aspects of both the women’s and men’s international match calendars.” Megan Rapinoe warmed up for Sunday’s Women’s World Cup final by blasting FIFA over this weekend’s scheduling and the growing gender gap in prize money.The 34-year-old will bid to claim her second World Cup winners’ medal when USA face Netherlands in Lyon, on the same day the Copa America and Gold Cup finals also take place.last_img read more

New balls, different spin: Roger and Rafa exchange shots

first_imgNadal: I can’t say it’s a bad ball.Melbourne, Australia | AFP | The Australian Open’s new balls this year are dividing opinion at Melbourne Park, with even the two greatest men’s Grand Slam winners of all-time failing to see eye-to-eye.Roger Federer, winner of 20 Slams, says the new Japanese-made Dunlop balls behave differently in cooler night conditions and do not allow players to “out-spin” rivals.But Rafael Nadal, the 17-time major winner renowned for his huge top-spin groundstrokes, countered: “I can’t say it’s a bad ball.”Australian John Millman reckoned “they’re a bit heavy” after losing on Wednesday night while his big-mouth countryman Bernard Tomic pulled no punches, saying they were “dead” and “really shit” before he lost in the first round.Tournament director Craig Tiley has defended the change from Wilson balls, claiming earlier in the week he had heard only “positive feedback”.He might have to change his mind after defending champion Federer offered a different opinion on Wednesday.“Well, they definitely play a touch different to the ones we’ve had the last couple years,” said the Swiss master, who is going for a third consecutive title and record seventh in all at Melbourne Park.“At night the spin is not taking off tremendously,” he added, noting that the semi-finals and final are played at night. “It’s hard to out-spin guys here. I just feel like it’s really important to have fast enough courts for night session conditions. If you keep it slow, slow, at night the ball doesn’t move.”Nadal, who is bidding to become the first man in the Open era to win each Grand Slam on two or more occasions, acknowledged the ball was different but reckons it is “fair for everyone”.“The ball is big. With colder conditions, especially during the night, the ball is bigger,” said the Spaniard, who won his lone Australian Open title in 2009.“Yes, the ball is going a little bit more slow, no? Not the high bounces that sometimes we used to have here. But the ball is what there is. it is fair enough, a good quality ball. I can’t complain.”Federer was characteristically diplomatic with his criticism. “Look, one year ago it was too far back. Honestly it’s still early in the tournament to exactly tell you how it feels exactly,” said the maestro.“I definitely have to go through a minor adjustment maybe from Perth, which was a faster court.“I still feel like you can serve your way out of trouble. It is true, you can’t out-spin a guy here. I think that’s clear.”Share on: WhatsApplast_img read more

House passes $3 trillion coronavirus stimulus plan, will include new round of payments

first_imgThe House of Representatives passed on a $3 trillion stimulus bill late Friday, which would provide funding for state and local governments, and send a second $1,200 check to most American adults.Democrats passed the bill by a small 208-199 margin despite the opposition from Donald Trump, and Republicans. According to reports, fourteen Democrats opposed the bill, and one Republican voted for the bill.“The HEROES Act is a critical $3 trillion-dollar rescue for our front line workers, cities and states, our small businesses, and it creates the kind of modern day safety net I have been fighting for with so many brave allies in and outside the U.S. Congress,” said Rep. Rosa DeLauro during floor debate on the legislation.House Minority Leader Kevin McCarthy of California called the rescue package a “Democratic political messaging bill” that had “no chance of passing the Senate.”  And the White House has threatened a veto of the bill as currently written.The bill has been criticized heavily by Republicans and declared “dead on arrival” by President Donald Trump.The bill made history as the largest relief package in U.S. history, which includes funding for state and local governments, coronavirus testing, and another distribution of payments to Americans. The rules for the $1,200 payment changed this time around. Single filers would still get $1,200 and $2,400 for joint filers, but filers would also be eligible for $1,200 per dependent, but filers can only claim three dependents for the money, according to Vox. It would also provide stimulus payments to immigrants, an idea that was opposed by the GOP and is not likely to become law.Additionally the bill will include:$200 billion for a “Heroes fund” that would provide “hazard pay” to essential employees such as front-line health care workers, $75 billion to beef up testing, $10 billion for emergency grants to small businesses through the Economic Injury Disaster Loan program,  COBRA subsidies to workers who have lost their health insurance because they’ve been laid off, extension of weekly $600 federal unemployment payments through January and $175 billion to help renters and homeowners make monthly rent, mortgage and utility payments and other housing-related cost.last_img read more