The Latest in Mortgage Forbearance Data

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago 2020-08-28 Christina Hughes Babb in Daily Dose, Featured, Market Studies, News Share Save The Best Markets For Residential Property Investors 2 days ago The Latest in Mortgage Forbearance Data Home / Daily Dose / The Latest in Mortgage Forbearance Data Previous: COVID-19 Drives Suburban Migration Next: Single-Family Rental Investment Amid COVID-19 Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago August 28, 2020 2,627 Views Subscribe About Author: Phil Hall Sign up for DS News Daily Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Phil Hall is a former United Nations-based reporter for Fairchild Broadcast News, the author of nine books, the host of the award-winning SoundCloud podcast “The Online Movie Show,” co-host of the award-winning WAPJ-FM talk show “Nutmeg Chatter” and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill’s Congress Blog and Profit Confidential. His real estate finance writing has been published in the ABA Banking Journal, Secondary Marketing Executive, Servicing Management, MortgageOrb, Progress in Lending, National Mortgage Professional, Mortgage Professional America, Canadian Mortgage Professional, Mortgage Professional News, Mortgage Broker News and HousingWire. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The quantity of forbearances declined by 1,000 over the past week, according to new data from Black Knight Inc.’s McDash Flash Forbearance Tracker.As of August 25, 3.9 million homeowners were in active forbearance, or 7.4% of all active mortgages, representing $828 billion in unpaid principal. This level is unchanged from the prior week. Black Knight reported that 5.3% of all GSE-backed loans, 11.6% of all FHA/VA loans, and 8.1% of loans in private label securities or banks’ portfolios are also in forbearance.Of the homeowners in forbearance, 72% had their terms extended. While 23,000 fewer GSE mortgages had an extension during this period, there was a 10,000 increase in FHA forbearances and a 12,000 increase among portfolio/PLS held loans, respectively.Over the past 30 days, Black Knight reported active forbearances have declined by 171,000 (-4%), with the greatest decrease among GSE loans (-128,000, -8%), followed by FHA/VA loans (-23,000, -2%) and private/portfolio loans (-20,000, -2%).Black Knight’s data follows last week’s announcement by the Federal Housing Finance Agency (FHFA) that Fannie Mae and Freddie Mac will extend buying qualified loans in forbearance and several loan origination flexibilities until September 30. The original expiration date was set for August 31.The extended flexibilities also include offering alternative appraisals on purchase and rate term refinance loans, alternative methods for documenting income and verifying employment before loan closing, and expanding the use of power of attorney to assist with loan closings.“Extending these COVID-19 flexibilities helps keep the mortgage market moving and borrowers safe during the pandemic,” said FHFA Director Mark Calabria.The FHFA also joined with the Department of Housing and Urban Development to extend their respective foreclosure moratoria to all GSE-backed mortgages and FHA-backed mortgages through at least December 31. The previous moratoria were set to expire on August 31. The FHFA’s moratorium only applies to GSE-backed, single-family mortgages.  Print This Post Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

moe. & Members of Turkuaz Perform “Naive Melody” On Jam Cruise [Pro-Shot Video]

first_imgThere’s nothing quite like seeing your favorite bands on a boat, in the middle of the ocean, surrounded by friends and family. The intimacy of the boat provides for a spectacular backdrop for the artists and bands to really let loose and perform within their own dream-like setting. As part of their weekly video series, Jam Cruise has shared pro-shot video of moe. and special guests from Turkuaz on the Pool Deck from the festival’s 15th installment to prove this case.Naturally, the Talking Heads cover of “Naive Melody” was the fitting music for such a marvelous time. Watch the video below, courtesy of TourGigs.moe. and Turkuaz will once again join forces at the Civic Theatre in NOLA during Jazz Fest, April 28-29. Both bands are on fire right now and these shows are sure to be next level. Get tickets here.last_img read more

Obika dashes Odoffin’s hope as Hamilton records third defeat

first_img Loading… “They scored a scrappy goal from our point of view, but I thought second half we were at them and I feel a bit aggrieved that we didn’t get anything from the game. Obika’s first-half goal all St Mirren needed to stamp their authority on the game and pocket three points. The 29-year-old striker bundled the ball in from close range in the 19th minute and the Buddies might have added to their lead before the interval. Read AlsoJonathan Obika desperate to score goals for St Mirren St Mirren manager Jim Goodwin who was not impressed by his team’s performance especially in the second half however expressed delight that victory was achieved the below par performance notwithstanding. “First half, I was really pleased; second half I was disappointed that we were sloppy in possession but at the same time over the moon that we were able to see it through.” Hamilton travel to Motherwell next Saturday, while St Mirren host Ross County. FacebookTwitterWhatsAppEmail分享 Popular saying that there is no paddy in the jungle came to the fore Saturday, as Nigeria born Jon Obika stopped fellow Nigerian descent Hakeem Odoffin from singing victory song. Obika who plies his trade with St Mirren in the Scottish Premier league scored a 19th minute goal to earn his team three points thus dashing Hamilton’s quest for the first victory in the new season. Hamilton had lost two previous matches heading into Saturday’s encounter with Odoffin expressing optimism that the home tie against St Mirren would provide ample opportunity to test victory, a dream which crashed like a pack of cards. “We go into every game at home thinking we can win it so we have to have that mindset,” he enthused just before the match. The defeat means Odoffin and his teammates will have to wait till next Saturday to see whether they can outshine Motherwell to test victory. Hamilton boss Brian Rice said: “I thought we started the game really well, the first 10-15 minutes and then St Mirren took control.Advertisement Promoted Content7 Black Hole Facts That Will Change Your View Of The UniverseIt Might Be Quentin Tarantino’s Last Movie8 Ways Drones Will Automate Our Future7 Ways To Understand Your Girlfriend Better7 Netflix Shows Cancelled Because They Don’t Get The RatingsTop 7 Best Car Manufacturers Of All TimeCouples Who Celebrated Their Union In A Unique, Unforgettable WayBirds Enjoy Living In A Gallery Space Created For ThemMost Famous Female Race Car Drivers Of All Time9 Facts You Should Know Before Getting A Tattoo11 Most Immersive Game To Play On Your Table Top6 Extreme Facts About Hurricaneslast_img read more

Bikini power: Japan’s lady bodybuilders smashing stereotypes

first_imgJapan’s lady body builder Satoko YamanouchiTokyo, Japan | AFP | Glistening with sweat, Satoko Yamanouchi’s biceps ripple and the veins in her neck throb as if about to pop as she strikes a fearsome pose at the Japan bodybuilding championships.An hour later, the pint-sized Nagoya housewife is close to tears after narrowly failing to retain her title from a field of 34 bronzed and impressively buff ladies, most of them in their fifties.“I was pathetic!” the 56-year-old Yamanouchi told AFP backstage at the close of the event earlier this week, sporting a skimpy gold bikini.“A silver medal means nothing to me,” sniffed the sinewy ex-champ, who stands just 1.58 metres (5 feet, 2in) tall and weighs 50 kilograms (110 pounds). “It just means you’re the best loser.”A self-confessed gym rat, Yamanouchi is the poster girl for Japan’s growing number of female bodybuilders, helping break down gender stereotypes in a country obsessed with the “kawaii” (cute) fluffiness of its ubiquitous pop culture.“I want to help change perceptions so that more people can appreciate the beauty of a muscular woman,” said the five-time national champion after a punishing two-hour workout a week before the competition.“When I tell people I’m a bodybuilder, it freaks them out,” added Yamanouchi, who became hooked on the sport in her late forties after looking for a way to keep fit.“My husband didn’t like it when I started either, his wife wearing a bikini in public, but he came around.”– ‘Regular housewife’ –The number of bodybuilders registered with Japan’s national federation has almost doubled over the past six years to around 3,000, with women making up 10 percent as part of a nationwide fitness boom, officials said.In ageing Japan, female bodybuilding is dominated by women in their forties and fifties, as many usually only start after their children have grown up.Yamanouchi, who takes around 10 different supplements a day to boost muscle growth and aid recovery, insists she knows where to draw the line, despite her bulging physique.“I don’t want to look like the Hulk,” she said, taking a gulp of protein shake.“I want to look beautiful and keep my femininity. I just don’t feel like a regular housewife,” added Yamanouchi. “I’m always striving to create the perfect body.”Women’s bodybuilding is a serious business.The oldest competitor at the Japan championships, 64-year-old Mariko Takamatsu, stormed off after failing to make the top 12. The eventual winner, Megumi Sawada, struck a series of eye-popping poses to the theme tune of Godzilla, stunning Yamanouchi to take the title.“It’s unbelievable I’ve won,” gasped the 56-year-old gym instructor, who used to compete in secret to avoid upsetting her mother.“I want to create the kind of body that stops people in the street,” laughed Sawada, sporting a bob hairstyle and silver nail polish.“I don’t care what people think — you can express feminine beauty with this kind of body.”– Horsemeat for breakfast –Other bodybuilding sub-genres have sprung up in Japan, including “bikini fitness” — a category that has turned Yuri Yasui into a magazine cover girl.A two-time Japan champion, the statuesque 33-year-old is another who caught the workout bug after initially wanting to lose weight.“When I started training seriously, my parents were dead against it — even my friends were,” said Yasui, a bank employee from Nagoya, a city southwest of Tokyo, who won her first national title less than a year after taking up the sport.“They didn’t want me up there in front of strangers in a bikini flashing my bottom.”“At long last women are starting to work out regularly, but Japanese men still don’t really accept muscle-bound women,” added Yasui after lifting weights at a Tokyo gym.“It’s important to change attitudes. The way to a feminine body — getting that tiny waist and a round bum — is by building muscle.”Yasui eats horsemeat for breakfast and lunch to help keep her body fat low and models her striking figure on an American feminist icon.“Ever since I was at college, I adored Wonder Woman,” said the 1.73 metre tall Yasui, who even wears a star-spangled bikini on the cover of her official video.“I wanted that hour-glass body with the tight waist, big breasts and buttocks. You can get it — you just have to work at it.”Share on: WhatsApplast_img read more

Team Kootenay unlucky not to finish in medals at BC Summer Games

first_imgNeeding a win Saturday to advance into the medal round, Team Kootenay lost a heartbreaking 2-1 decision to Fraser Valley Delta.Once again Team Kootenay had a lead on a goal by Keywood before a controversial call gave Fraser Valley Delta a penalty kick in the final minutes of the game.Team Kootenay then pushed everything forward, exposing the backline Fraser Valley Delta took advantage of by scoring the winning marker.Fraser Valley Delta finished second in the tournament, winning the silver medal.”The boys were heartbroken as we all knew we deserved more,” Spendlove said. “That made it so the highest we could finish was 5th place.”Team Kootenay was able to rebound, blasting Team Cariboo 4-1.Trailing 1-0, Team Kootenay scored four consecutive goals to pull out the victory.Hutt, with a shot from just over the half way line, Nick Jenner, Caney and Keywood scored for Team Kootenay.”(Coaching staff) were extremely proud of the professionalism in which the boys conducted themselves and of course the excellent soccer they played through the weekend,” Spendlove said, adding a thanks to Scott and Randa Hutt for organizing the team and Kootenay Smiles for providing the kit for the team.Team Kootenay, coached by Kerry Dyck of Nelson and Clemente Miranda-Trevino, placed seventh in Girls Soccer.Fraser Valley Delta finished the games with the most medals (207), edging out Vancouver Island Central Coast, which finished with 183.Team Kootenay athletes finished in sixth spot with one goal, nine silver and 13 bronze for 23 medals.The next BC Summer Games is set for 2016 in Penticton. Heiko Ihns, Fynn Keywood and Moss Caney each scored to pace Team Kootenay to a 3-1 victory over Vancouver Island in Boy’s Soccer at the BC Summer Games Sunday in Nanaimo.The win powered Team Kootenay to a fifth-place finish in the eight-team tournament.”All together it was a fantastic showing from our guys,” said Jamie Spendlove of Soccer Quest, who along with Yuro Ihns of Kootenay South Youth Soccer formed the coaching tandem for the Games.”We impressed a lot of people down there who thought we would be pushovers and I believe it is the highest a Kootenay team has ever finished in the games.”After seeing a goal being called back by the official after Oliver Arcuri rocketed a shot that appear to go into the net, Ihns scored a stunner from outside the box off the post and in to give Team Kootenay a 1-0 lead in the consolation contest Sunday.In the second half Team Kootenay put the game away with two quick goals from Keywood and Caney, both supplied by midfielder Callum Cutler, to secure the 3-1 victory.The rest of the game saw the boys do some great defending especially from the smallest boy on the field Andreas Rentke-Watkins winning challenge after challenge to finish off the island and secure 5th spot for the boys.Team Kootenay opened the tournament Friday with a pair of draws against Thompson/Okanagan (1-1) and Vancouver Island (5-5).Team Kootenay got a late goal by Hardy Hutt to draw against Thompson/Okanagan while it was a crazy game as the Island and Kootenay scored a total of 10 goals in the 5-5 tie. Linden Jones and two each by Keywood and Caney provided the goal scoring for Team Kootenay in a game Kootenay led by as many as three goals.last_img read more

Leeds boss Warnock refuses to confirm interest in signing Diouf

first_imgLeeds United manager Neil Warnock has refused to confirm he is interested in signing El-Hadji Diouf.The former QPR boss labelled Diouf a “sewer rat” after the forward was accused of taunting Jamie Mackie as the Rangers player lay on the ground after having his leg broken in an FA Cup tie at Blackburn.“I’ve said all along we’re not going to say anything about speculation,” Warnock told Sky.“I’m at Leeds United. It’s a club I’m going to do the best I can to get right players to. You’ll have to wait to see whether he’s one of them.”Click here for Thursday’s QPR quizFollow West London Sport on TwitterFind us on Facebooklast_img

Raiders place Feliciano on IR, sign two guards

first_imgALAMEDA — With both guard spots up in the air heading in to their Week 15 road game in Cincinnati, the Raiders added Cameron Hunt and Denver Kirkland Tuesday to the 53-man roster.Jon Feliciano, who started at left guard in a 24-21 win over Pittsburgh, was placed on injured reserve with a calf injury and will miss the last three games of the season. The Raiders also waived C.J. Anderson, the former Denver running back who was added to the roster last week and was not active against …last_img

How to tell a good story so the world listens

first_imgThe South African Competitiveness Forum Report tracks input from many stakeholders countrywide on South Africa’s position in the world. Already several goals set out in the original discussions on boosting the nation’s brand globally have been reached, the latest forum hears.A number of objectives set out during the inaugural South African Competitiveness Forum, held in 2013, have been achieved in a step towards giving the country a competitive edge on the global stage.This was revealed during a seminar to discuss perceptions of South Africa held by international investors. It was organised by Brand South Africa and the Wits Business School and took place on the Johannesburg campus on Wednesday, 2 April. Among those who attended were Brand South Africa chief executive Miller Matola; Brand South Africa research manager Dr Petrus de Kock; Gauteng Growth and Development Agency (GGDA) group chief executive Siphiwe Ngwenya; Dr Shima Nokaneng, also from the agency; and Tsholo Mogotsi from the city of Johannesburg’s department of economic development.Brand South Africa used the seminar as a stage to release the South African Competitiveness Forum Report, which details the discussions and the ultimate outcomes of the forum, as well as the regional consultations that were held. “Today’s seminar is part of our discharging our mandate as Brand South Africa, and this mandate revolves around two areas: firstly to build the country’s reputation or brand with a view to improving the competitiveness of the country, and secondly to get South Africans to buy into South Africa, to build civic pride, get all citizens to be ambassadors of this country, and to ensure this is a competitive country not only on the continent but globally,” said Matola.The World Economic Forum defines competitiveness as “the set of institutions, policies, and factors that determine the level of productivity of a country”. A competitive economy is one that is likely to grow faster over time, it adds.Matola said it was in this light that on 5 November 2013, the organisation hosted the first in a series of competitiveness forums at Gallagher Estate in Johannesburg with the aim of providing a strategic platform through which to consult and work with the government, business and civil society to identify the competitive and reputational strengths and challenges facing South Africa. Partners and stakeholders who attended that gathering included Trade and Investment South Africa, the Department of Trade and Industry, Productivity SA, universities and businesses. “It was a multi-stakeholder forum which was attended by Deputy President Kgalema Motlanthe.”The way forwardMatola said six objectives were set down at that forum, namely:Set up a task team to monitor implementation of agreed projects;Set up a one-stop shop to drive, consolidate and position South Africa as an attractive destination for investment and business;Consolidate country messaging to enable better coherence and a unified voice to position South Africa on the international stage;Intensify and fast-track roll-out of energy infrastructure so that delivery can meet demand for future growth as outlined in the National Development Plan;Leverage institutional capacity, skills and knowledge to drive competitiveness; and,Strengthen and amplify current initiatives to deliver quality education.“We have been able to make some advances in terms of some of the outcomes. For example, a forum working group has been established and a one-stop shop for international investors. We have also come up with a session report which we are releasing today,” said Matola.One goal that was receiving attention was soliciting input for a competitiveness index appropriate for South Africa. Matola said that at present, the indices Brand South Africa used to assess competitiveness were “external” ones. These included the World Economic Forum’s Competitiveness Index and International Institute for Management Development’s World Competitiveness Yearbook.“We do believe that there is a need for us to also develop an index that focuses on those critical areas of competence and attributes that are important for us as a country, whether they could be based on our progress towards achieving the goals of our National Development Plan.”A coherent storyAchieving global competiveness also required sending out messages about South Africa that were “common, consistent and coherent”. “This requires that we all work together to produce this kind of content – us working with business, with [the] government, with civil society to make sure that there is a consistent message about what this country stands for, where this country comes from and where this country is going.”During that initial forum, breakaway working sessions were set up to discuss five themes: foreign direct investment competitiveness; education, skills and labour; infrastructure; manufacturing and related services; and government and leadership.Consultations were also held in 2013 with business, the government and civil society in Eastern Cape, Western Cape, Gauteng and KwaZulu-Natal. Valuable insights regarding matters of regional importance were shared with the Brand South Africa teams during these discussions, said Matola.Presenting the report, De Kock said there was “lots of input” from stakeholders at the regional consultations. Based on analysis of inputs received, high level themes were noted. “At the top is ‘reputation implications of education’ which was noted as a challenge to the nation brand. We are quite aware of issues in certain education spaces so there was quite a strong call on that in terms of how we deal with this from a reputational point of view,” he said.Strength of city-regionsThere was also a call for the nation brand to focus more on city brands and their value add to the nation brand. “If you look at the structure of global GDP [gross domestic product] at this point in time, about 70% of global GDP is produced in between 600 and 700 city-regions or metropolitan regions in the global economy, which is significant.”This meant that as a nation brand organisation, Brand South Africa should be more effectively equipped to tell the story of the building blocks of the brand. Hence, part of the outcome for the organisation was to have a better relationship with organisations such as the GGDA and metro structures so that it would be able to “relate that story better on the capabilities of the country”.Labour challenges and the role of good governance were also key areas of discussion in the regional consultations, according to De Kock.“Stakeholders also brought to the fore the issue that business community stakeholders should be equipped as nation brand messengers. This is a very interesting thing that came through. Business stakeholders often say to us that when they engage with international business during their travels they want to tell stories about South Africa but they don’t have the information.”As a communications organisation, De Kock said Brand South Africa needed to have a “better connection” with business and the government to help shape the stories about the country that had to be shared.Another competitiveness forum would be held later this year, he added.last_img read more

Nov. 8 report negative for soybeans and wheat

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Doug Tenney, Leist MercantileWith rains across the Midwest during the last half of October delaying harvest, a common thread of anticipation for this report suggested both U.S. corn and soybean yields would be reduced. The Nov. 8 report was negative for soybeans and wheat. Early gains in corn of 7 cents quickly evaporated.Many traders had also expected China’s soybean imports to be reduced. Various reports in recent weeks have suggested that China would be reducing the amount of protein used in their hog rations. This potential ration change has been discussed for months, it is not new news. USDA put their soybean imports with this report at 90 million tons. Last month it was 94 million tons. The June report estimated China’s soybean imports at 103 million tons.Soybean production was 4.60 billion bushels, the yield was 52.1 bushels per acre, and ending stocks were 955 million bushels. Last month the soybean production was 4.690 billion bushels with a yield of 53.1 bushels. Soybean exports were cut 160 million bushels. Ending stocks were up 70 million bushels.USDA’s corn production was 14.626 billion bushels with a yield at 178.9. Last month it was 14.778 billion bushels and a yield of 180.7 per acre. Corn ending stocks were 1.736 billion bushels. Ending stocks last month were 1.813 billion bushels.Just prior to the noon report, corn was up 3 cents, soybeans down 3 cents, and wheat was up 1 cent. Following the report, corn was down 2 cents, soybeans down 14 cents, and wheat was down 5 cents.Ohio producers continue to fight to get their remaining corn and soybean acres harvested. Rains that came on Monday for many were heavier than expected, already adding to high frustration levels with harvest not yet wrapped up. Across Ohio more rain is expected.Earlier this week USDA estimated the U.S. corn harvest at 76%. The 5-year average is 77% completed. Last year, corn harvested was just 68%. Soybean harvest this week was 83% while the 5-year average is 89%. Last year the soybean harvest was 89% complete.While not report day driven, farmers and many others want the U.S. Farm Bill to get wrapped up as soon as possible. In this fashion, producers can know what to expect. The goal has to be for this session of Congress to complete the Farm Bill. Otherwise, you have a crop of dozens of brand new legislators to be educated on this process. That scenario only drags out the process by months and into next spring.On trade it has already been suggested that with the U.S. House of Representatives now in the hands of the Democrats, they will be equally tough on the trade issues with China.last_img read more

Calling all Weatherization Workers

first_imgThe U.S. Department of Energy (DOE) wants to standardize and professionalize the work of weatherization and home performance contractors. Towards that end, the government agency has launched a project called the “Guidelines for Home Energy Professionals” project.The project has three goals:The DOE wants to develop standard work specifications for weatherization and home performance tasks.The DOE wants to identify the elements of a curriculum for training weatherization and home performance workers.The DOE wants to develop guidelines for the professional certification of weatherization workers and home performance contractors. Looking for volunteersAs part of this ambitious project, the DOE has contracted with a PR company named Confluence Communications to interview weatherization workers, energy auditors, and home performance contractors.If you want to be interviewed as part of this project, now is your chance. Confluence Communications is recruiting volunteers in four job categories — weatherization workers, home energy industry workers, home energy industry bosses, and utility program and energy-efficiency program administrators — who want to sit down for an interview lasting 30 to 45 minutes.According to Stacy Hunt, a Confluence Communications spokesperson, the interviews will focus on “the key values, opportunities, and challenges associated with job certifications for weatherization workers and home performance contractors.”Volunteers must have worked in their field for at least three years, and must have worked in one of the following locations: Atlanta, Austin, Baltimore, Boston, Charlotte (NC), Chicago, Cleveland, Columbus (OH), Dallas, Denver, Detroit, Houston, Kansas City, Madison (WI), Milwaukee, Minneapolis, Oklahoma City, Philadelphia, Portland (OR), San Antonio, San Francisco, Seattle, St. Louis, or Tulsa.If you are interested in being interviewed, send an e-mail to Heather Stafford at heather [at] confluencec [dot] com. For more informationMore information on the Guidelines for Home Energy Professionals project can be found at this DOE website.Here’s a link to a PowerPoint presentation on the project by Ruby Nahan.last_img read more