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Out of Their Reach

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Alison Rich The numbers sure look rosy. To begin with, the 30-plus delinquency rate, the most comprehensive measure of mortgage performance, is near a 10-year low. In May 2016, the rate totaled 5.3 percent. By contrast, 4.5 percent of mortgages were delinquent by at least 30 days or more this May, including those in foreclosure.A 0.8-percentage-point dampening in the overall delinquency rate is clearly a step in the right direction. But there’s more to it than meets the eye, so says Frank Nothaft, Chief Economist at CoreLogic, in the company’s May 2017 Loan Performance Insights report.“Strong employment growth and home price increases have contributed to improved mortgage performance,” Nothaft said. “Early-stage delinquencies are hovering around 17-year lows, and the current-to-30-day-past-due transition rate remained low at 0.8 percent. However, the same positive economic conditions helping performance have also contributed to lack of affordable supply, creating challenges for homebuyers.”In a similar vein, a protracted period of relatively tight underwriting standards has driven down mortgage delinquencies to pre-crisis levels, said CoreLogic President and CEO Frank Martell. As of this May, the foreclosure inventory rate stood at 0.7 percent compared with 1 percent in May 2016.Defined as 90 days or more past due, including loans in foreclosure, serious delinquencies are also on a downslope. Except for Alaska and North Dakota, which both recorded increases, each of the remaining states noted a decrease in its serious delinquency rate.All that positivity comes with a caveat, Martell cautioned: “As pressure to relax underwriting standards increases, the industry needs to proceed carefully and take progressive, sensible actions that protect hard-fought improvements in mortgage performance.”Tempering aside, the numbers presage a robust future for the servicing sector, the report contends: “The continued improvement in mortgage performance bodes well for the health of the U.S. market in 2017. Servicers Navigate the Post-Pandemic World 2 days ago August 15, 2017 1,514 Views The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Out of Their Reach Tagged with: Delinquency Rates Alison Rich has a long-time tenure in the writing and editing realm, touting an impressive body of work that has been featured in local and national consumer and trade publications spanning industries and audiences. She has worked for DS News and MReport magazines—both in print and online—since they launched. Out of Their Reach Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img  Print This Post Related Articles in Daily Dose, Featured, Foreclosure, News Delinquency Rates 2017-08-15 Alison Rich Previous: SFR: How Does it Affect Homebuyers? Next: Credit Where It’s Due Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribelast_img read more

Bob Weir And Wolf Bros Announce Two Surprise NYC Club Shows

first_imgWith three days off in their touring schedule, Bob Weir and Wolf Bros have announced a pair of shows at New York City’s intimate Blue Note Jazz Club, set to go down on Monday, March 11th at 8 p.m. and 10:30 p.m. The upcoming surprise pair of performances were announced on SiriusXM’s “Tales From The Golden Road” program on Sunday. Bob Weir, Don Was, and Jay Lane are currently in the midst of their 20-date late-winter tour that spans through March 30th. Following Bob Weir and Wolf Bros upcoming intimate NYC club shows, the trio will head south for a two-night run at Red Bank, NJ’s Count Basie Theatre on Wednesday and Thursday, March 13th and 14th.Tickets for Wolf Bros’ shows at NYC’s Blue Note Jazz Club will each cost $25 respectively, with each set expected to last 75 – 90 minutes. Head here to enter a lottery for a chance to purchase non-transferable tickets. The show announcement notes that lottery requests will be accepted through 10 a.m. (EST) on Monday morning, and the winners will be picked between 12 p.m. – 3 p.m. (EST).last_img read more

Relax by the pool in luxurious resort-style cabana

first_imgThe media room at 37 Hunter Cct, Petrie.To the side of the entertainment area, there is fire pit and space for the barbecue. The home has been freshly painted and has new wardrobe doors and a carpet. The property comes with a garden shed, security screens, alarm system, ceiling fans and tinted windows. The atrium living area at 37 Hunter Cct, Petrie.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019The master bedroom has a walk-in robe, an additional built-in robe and ensuite with dual basins and a shower. The remaining bedrooms are generously sized and have built-in wardrobes.Outside, the pool area features glass fencing, landscaped surrounds and a cabana. The home at 37 Hunter Cct, Petrie.The lowset home is on a 1001 sqm block and has a light-filled atrium living space, media room and an open-plan living, dining and kitchen area. The kitchen has stainless-steel appliances, plenty of storage and work space, and a breakfast bar. A sliding door in the dining area opens to the covered entertainment space with plantation shutters, which overlooks the in-ground saltwater swimming pool. The home at 37 Hunter Cct, Petrie.THIS family home with a swimming pool, cabana and media room is on the market in the sought-after Petrie on Pine estate. Marketing agent Mark Rumsey, of David Deane Real Estate, said the property at 37 Hunter Cct, Petrie cleverly combined traditional elegance with resort-style accents. “The home showcases stylish interiors, intelligent use of space and a spectacular entertainment environment, (creating) a family and entertainer’s delight,” he said. The outdoor area at 37 Hunter Cct, Petrie.There is also a water tank and side access to the backyard. “This is one of the finest properties to come to the market in Petrie on Pine,” Mr Rumsey said. The home is in a quiet street close to walking tracks. The property is on the market for offers over $650,000.last_img read more

AFCON 2021Q: Sebastien Migne takes over as Equatorial Guinea coach

first_imgFormer Kenya head coach Sebastien Migne, has been appointed the new head coach of Equatorial Guinea.Migne takes over from Angel Lopes, who stepped down in September, just one year after taking the job.Frenchman Migne, who led Kenya to AFCON 2019, round of 16 before quitting, will supervise the ‘Nzalang Nacional’s qualifying series to AFCON 2021.Equatorial Guinea are in Group J of the qualifiers along with Tanzania, Tunisia and Libya.last_img

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