A Major Factor Behind Mortgage Delinquencies

first_img A Major Factor Behind Mortgage Delinquencies The Best Markets For Residential Property Investors 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Foreclosure, Market Studies, News CoreLogic Delinquency Employment Foreclosure Jobs 2019-11-19 Seth Welborn Home / Daily Dose / A Major Factor Behind Mortgage Delinquencies The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: CoreLogic Delinquency Employment Foreclosure Jobs The Best Markets For Residential Property Investors 2 days ago  Print This Postcenter_img In the states with the biggest gains in delinquency, job loss was a contributing factor, according to the latest Loan Performance Insights Reports from CoreLogic. While the nation’s overall delinquency remains near the lowest level since at least 1999, five states posted small annual increases in overall delinquency rates in August: Iowa (0.2 percentage points), Minnesota (0.1 percentage points), Nebraska (0.1 percentage points), Wisconsin (0.1 percentage points) and Rhode Island (0.1 percentage points).“Job loss can trigger a loan delinquency, especially for families with limited savings,” said Dr. Frank Nothaft Chief Economist for CoreLogic. “The rise in overall delinquency in Iowa, Minnesota, Nebraska and Wisconsin coincided with a rise in state unemployment rates between August 2018 and August 2019.”Additionally, Minnesota, Iowa, Nebraska, North Dakota, Montana, New Hampshire, and Utah all saw increases in serious delinquency rates, or loans 90 days or more past due including loans in foreclosure.On a smaller scale, 47 metropolitan areas recorded small annual increases in overall delinquency rates in August. Some of the highest gains were in the Midwest and Southeast. Metros with the largest increases were Dubuque, Iowa (2.2 percentage points), Pine Bluff, Arkansas (1.1 percentage points), Goldsboro, North Carolina (0.6 percentage points) and Panama City, Florida (0.5 percentage points).Additionally, 19 metropolitan areas recorded small annual increases in their serious delinquency rates. Metros with the largest increases were Panama City, Florida (0.9 percentage points), Jacksonville, North Carolina (0.2 percentage points), Wilmington, North Carolina (0.2 percentage points) and Goldsboro, North Carolina (0.2 percentage points). The remaining 15 metro areas logged annual increases of 0.1 percentage point.“Delinquency rates are at 14-year lows, reflecting a decade of tight underwriting standards, the benefits of prolonged low interest rates and the improved balance sheets of many households across the country,” said Frank Martell President and CEO of CoreLogic. “Despite this month’s near record-low serious delinquency rate, several metros in hurricane-ravaged areas of the Southeast have experienced higher delinquency rates of late.  We expect to see these metros to return to pre-disaster delinquency rates over the next several months.” Demand Propels Home Prices Upward 2 days ago November 19, 2019 1,975 Views About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Mortgage Servicing: A “People Business” Next: Rising Rates for Minority Homeownership Data Provider Black Knight to Acquire Top of Mind 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 Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Money and millennials

first_img 20SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr “Millennials are perfectly positioned to grow a lot of wealth and perhaps retire early—or to make big financial mistakes that they might regret for decades,” according to The Motley Fool.The article cites the three worst money habits of millennials: Failure to save for retirement, burdensome student loan debt, and excessive credit card debt.“Millennials… [have] decades ahead of them in which they can work and save money in order to make their futures financially secure and comfortable. It’s important to not make game-changing mistakes along the way, though,” the article notes.This week, an investigation of investment choices and other financial decisions millennials make.How do these financial preferences and tendencies impact future security for this group? Are they making game-changing mistakes or sound decisions? continue reading »last_img read more

Youth empowerment and development major focus area for Laplaine Consituency.

first_imgLocalNews Youth empowerment and development major focus area for Laplaine Consituency. by: – July 12, 2011 Sharing is caring! 20 Views   no discussions Share Tweetcenter_img Share Share Hon. Petter St. Jean, Member of Parliament for the Laplaine ConstituencyWhile access into the the Laplaine Constituency remains a challenge for the constituency, Member of Parliament for the area, Honourable Petter St. Jean says youth empowerment and development is a major focus area for him.“Another key area is that of youth empowerment and development and in that respect we are looking seriously at the whole issue of the development of sporting facilities but the task continues. This year we will seek to address the hardcourt in Delices to effect the fencing and lighting of the hardcourt and at the Laplaine playing field in conjunction with the Dominica Football Association. Additionally under the community based project we will address the stands and dress room area in Laplaine” he said during an exclusive interview with Dominica Vibes News.A major success of the constituency Honourable St. Jean notes, is the provison of water supply to the village of Delices, which has been extended to Boetica.“I need to speak here of one of our major achievements within the constituency; that is the provision of a 2.8 million dollar water project for the village of Delices and in recent times we have actually extended this service to village of Boetica. Boetica had an inherrent water problem and we have sought to address this by extending the project into Boetica. That has been completed the people are now taking full advantage of the new water system and pretty soon we will have the commissioning of that system” he said.Mr. St. Jean says as a result of the global economic situation the projects may not be moving at the pace that one would anticipate but much is happening within the constituency.Dominica Vibes Newslast_img read more

30 cops linked to drugs

first_imgOf the 30 Western Visayas policemen,four were Police Commissioned Officers and 26 were Police Non-CommissionedOfficers, said Malong, and all are in active service. Their names were in the list ofDirector General Oscar Albayalde of the Philippine National Police, accordingto Police Lieutenant Joem Malong, PRO-6 spokesperson. The PRO-6 adjudication board under theRegional Intelligence Division will be handling this matter. ILOILO City – Thirty police officersunder the Police Regional Office 6 (PRO-6) were linked to illegal drugs eitheras protectors or traffickers. “They will be dismissed from theservice if they are found guilty,” said Malong./PNcenter_img “They will be given time to cleartheir names through adjudication,” Malong said. These police officers hold the ranksof lieutenant colonel and patrolman, Malong added. Albayalde’s drug list contained thenames of 391 policemen across the country.last_img read more

After toying with him on the field, 49ers trash Baker Mayfield in postgame comments

first_imgWe know what you’re thinking, Mr. and Mrs. Cleveland Browns Fan. Christmas is right around the corner and you’re stuck for a stocking stuffer for Baker Mayfield.Gotcha covered:How to Win Friends and Influence People https://t.co/88VgOfQn2p pic.twitter.com/AKXTryGjMN— Comparebucks (@comparebucks) September 29, 2019 If he didn’t need the Dale Carnegie page-turner before messing the bed against the 49ers on Monday night, he could sure use it now. In fact, why wait for …last_img read more

Report: Online Ad Revenue Will Soon Surpass Print

first_imgWe are all aware of the floundering print industry that has seen a steady decline in revenues over the last several years. Newspapers that once thrived on the cash-cows that were classifieds and print advertising have had their lunch eaten by the disruptive forces of Craigslist and online advertising, which have slowly chipped away at print ad sales. Soon, however, according to a report from PricewaterhouseCoopers (PwC), Internet advertising revenues will surpass those of print advertising to become the second largest segment of advertising in the U.S. behind television. 8 Best WordPress Hosting Solutions on the Market Related Posts A Web Developer’s New Best Friend is the AI Wai… Top Reasons to Go With Managed WordPress Hosting Why Tech Companies Need Simpler Terms of Servic… chris cameron “Over the next five years digital technologies will progressively increase their impact across all segments of entertainment and media … It is clear that the consumer is firmly in the driving seat of these changes.”– PricewaterhouseCoopers ReportAs reported by the Wall Street Journal, The PwC report found that in 2009, online ad revenues continued to climb to $24.2 billion, while print ads fell 28.6% to $24.8 billion. Online ads are expected to rake in $34.4 billion by 2014, which means print ads should dip below their online counterparts in a matter of months. PwC’s figures for online revenues don’t include mobile advertisements, which they believe will nearly quadruple in the next four years from $414 million to $1.6 billion.“Over the next five years digital technologies will progressively increase their impact across all segments of entertainment and media (E&M) as digital transformation continues to expand and escalate,” a press release from PwC said Tuesday. “The uncertain economic background has done nothing to slow the pace of change, which has been far quicker than predicted 12 months ago. It is clear that the consumer is firmly in the driving seat of these changes.”According to the report, increased access to broadband has played a large role in helping boost online ad revenues. The Wall Street Journal reports that broadband penetration in the U.S. nearly doubled from 34% in 2005 to 64% in 2010 thanks partly to $7.2 billion in federal stimulus money put towards expanding broadband access. Additionally, PricewaterhouseCoopers expects that global consumer spending on Internet access will increase from $228 billion 2009 to $351 billion in 2014.It was only a matter of time until online ad sales outpaced those of print, and once they do, they will only continue to gain momentum. Legacy media are driven by numbers and are slow to change their ways, and thus have not thrown their entire weight behind online initiatives. When the scales tip over to online advertising in the next year, those that have been reluctant to embrace new and online media will be forced to allocate additional resources to the winning market.The ultimate demise of print media is still many years away, but it is pretty clear that ad revenues are slowly dropping away. It will take one of the predominant newspapers ceasing to print physical copies to set off the domino effect that will likely follow, but it is unlikely to happen any time soon. While newspaper ad revenues have been falling, they’ve been leveling out, and a balance between print and online is likely to exist for several years before print entirely fades away. Tags:#advertising#web last_img read more

Do Earth Tubes Make Any Sense?

first_imgAll About Earth Tubes Belgian Passivhaus is Rendered Uninhabitable by Bad Indoor AirUsing a Glycol Ground Loop to Condition Ventilation Air Reassessing Passive Solar Design PrinciplesMy Earth Tube StoryEarth Tube Ventilation Systems — Applicability in the Canadian Climate Daniel McKinney is reaching four decades into the past for two important features of a new house he plans to build. Both notions were mostly discarded after early attempts at energy efficiency led builders in new directions, but McKinney thinks they may still have some merit.“OK, here’s the basic idea,” he writes at Green Building Advisor’s Q&A forum. “I would like to use an earth tube system to bring fresh air into a very tightly sealed home. I’m also designing the home with a ‘solar stairwell,’ a stairwell that’s exposed to the sun with big windows, with the back wall of the stairwell being made of dark-colored cast concrete.“During cold months,” McKinney continues, “the concrete wall acts as thermal mass, gathering heat during the day and shedding it during the night. Exterior louvered shades above the big windows would keep this wall from getting direct sunlight during the summer. So, the question is this: Would it make sense to duct the earth tube air vertically through the concrete wall?”An earth tube, which is simply a pipe buried in the ground, alters the temperature of incoming air because soil temperatures well below grade don’t change much seasonally. Incoming air is warmed in winter and cooled during the summer. The other part of McKinney’s plan, a heat absorbing, high-mass Trombe wall, was a common feature of many early passive solar homes. The appeal of both of these ideas lies in their simplicity, but many builders and designers now think their flaws outweigh any potential benefit. RELATED ARTICLES Taking necessary precautionsThe idea has obvious appeal, McKinney adds. Fresh air at a temperature that has been moderated by the earth looks a lot better than ambient air when it’s 10°F below zero.“I don’t think that the requirement that a system be designed well should disqualify the idea out of hand,” he says. “A poorly designed and constructed roof can spell disaster for a new home, but does that mean that the idea of a roof is a bad one?”Excavation costs, an argument against earth tubes, will be lower because he plans on doing the work himself, and he can make the earth tube trenches do double duty by using them for utility and water lines as well as earth tubes.Further, he could use a material that’s more thermally conductive than plastic, and design the system so that condensed moisture can’t collect or cause mold growth.“Obviously, the pipe must be pitched at an angle that will allow condensation to flow and not puddle, and that condensate must be able to drain at one end or the other,” McKinney adds. “I’ve seen designs where the tube pitches down toward the building and the condensate drain is in the basement. This seems like a good idea, allowing for that line to be cleaned, and allowing access directly to the earth tube, as long as the desired depth can be achieved and still have the end of the tube accessible inside the basement.”Installing ultraviolet lights at one end of the tube would be another hedge against the contamination of income air by mold, bacteria and fungus, he says.“I am quite fond of more than a few ideas that were born in the ’70s,” he says. “That decade did generate some useful stuff.” Early inspiration from CanadaMcKinney isn’t alone in his interest in earth tubes. Brad Hardie also was intrigued by the technology as he designed a net-zero energy house in New Hampshire. Hardie points to a 2014 guest blog at GBA by Malcolm Isaacs, a Passivhaus pioneer in Canada, who installed earth tubes at his own house.In researching the topic, Hardie wrote to Isaacs to ask whether he’d changed his mind about earth tubes since he installed them, and whether Hardie should incorporate earth tubes in his own design. His plan was to use the tempered incoming air to lower energy demands by piping the earth tubes directly into a Zehnder heat-recovery ventilator instead of installing a Zehnder ComfoFond to moderate outdoor air temperatures.“I have been considering the Zehnder ComfoFond as an add-on to the HRV, but have to admit the idea of using earth tubes has me so much more excited,” he told Isaacs. “Is there anything you would change, add, or omit if you could do it all over again? Some other info: I’ve got a fairly level site, with well draining sandy soil, and I will be doing the excavation myself.”The short answer was, no, Isaacs said. Earth tubes still look like a good idea.“A couple of colleagues have built much more high-end earth tubes than mine recently, with ‘proper’ components,” Isaacs replied, “but I feel that if you’re vigilant and careful then you don’t need custom products to do this — the [earth tube] approach is remarkably resilient. I did everything ‘wrong’ but it still works very well, so I might use a better quality [polyethylene] pipe, but otherwise not much would change next time.”That view is shared by Jason Morosko, a certified Passive House consultant who has been living with an earth tube system for four years. From his experience, McKinney might be able to gain between 500 and 3,500 BTU/h of “free energy” from earth tubes. He invested less than $1,200 in his system of two 8-inch pipes 100 feet long.“Are they worth it?” he asks. “Well, in my climate my [energy recovery ventilator] would require preheat to ventilate at cold outside conditions (times below 12°F). Hence, I would have need of some type of duct heater to keep incoming air warm during cold snaps. Hence, the duct heater is generally an electric resistive device, meaning large instant amp draw for short pulses. Not a lot of energy — but if you are looking at an off-grid house with solar electricity, you do not want spikes of energy use, which are bad for batteries and storage capacity. The load happens at the worse condition (climate timing speaking).“So that is something to consider,” he continues. “Given my cost and experience of four years thus far — yes, it was worth it. Financially, maybe break even at year 4?” Try it, and then let us knowMcKinney seems confident that earth tubes are still relevant, and seems unwilling to let go of the idea. With that in mind, Holladay suggests he just give it a try.“Here’s my advice: go ahead and install an earth tube,” he says. “Keep track of how much it costs to install the earth tube (including an estimate of excavation costs, backfilling costs, and landscaping costs). Install some monitoring equipment for temperature and relative humidity [RH]. You want to measure the temperature and RH of the air right before it enters the HRV. Ideally, you also want to log outdoor temperature and outdoor RH.“After you live in your house for two years, write a blog for GBA about the experience,” he continues. “And remember — if you have mold problems, you can always cut off the earth tube in your basement with a hacksaw and cap it. Then you can install an air intake for your HRV somewhere else.” Who’s right? That’s the topic for this Q&A Spotlight.center_img Making the right choice for the type of pipeMcKinney has been considering a type of pipe called PCD, or polyvinyl coated ductwork, which is a G-90 galvanized steel pipe primed with epoxy and finished with a 4-mil polyvinyl coating. If buried above the water table, McKinney says, it would provide much more thermal conductivity than PVC pipe.It’s not the thermal conductivity of the duct itself isn’t the limiting factor in heat transfer, writes Charlie Sullivan, but the thermal conductivity of the dirt and the thermal transfer between the air the earth tube.“And in other resects,” he says, “the PVC/galvanized steel sounds like the worst possible combination to me: the steel will eventually rust out, and in the meantime, the PVC will outgas into your ‘fresh’ air. I would want a smooth-walled seamless polyethylene tube. (Polyethylene is hard to glue, and so regular HDPE drain pipe would not be ideal — the joints could leak soil gas into the system.)”For these reasons, Sullivan suggests a smaller-diameter buried line in which a glycol mixture is circulated, eliminating the potential for mold that comes with an air system.“Then you spend less money on pipe and take advantage of the better heat transfer with the liquid, which you then connect to a liquid-to-air heat exchanger,” Sullivan says. “It’s pretty clear that that’s not cost-effective, but if you are wanting to do a DIY system and you aren’t too concerned about cost effectiveness, you could probably DIY one of those for less than the Zehnder system.”It’s true, Holladay adds, that a glycol loop brings with it a lower risk of low indoor air quality. But the bottom line is that neither a glycol loop nor an earth tube approach is cost-effective. “They both cost more to install than can ever be justified by future energy savings.” No, this is the wrong approachEarth tubes and Trombe walls are dated concepts, says GBA senior editor Martin Holladay. Don’t bother.“You are entertaining two ideas from the 1970s,” he says. “Both ideas have been substantially discredited, but, like the walking dead, it seems that it takes more than a stake through the heart and a bunch of garlic to keep these ideas where they belong.“Briefly, the added cost to build a Trombe wall or install an earth tube are so high that there is no way that any conceivable future energy savings will ever be enough to justify the investment,” Holladay continues. “In the case of a Trombe wall, the details you describe may actually increase rather than decrease the annual energy load of the house. Earth tubes are expensive to do right — you need a very large diameter duct, buried very deeply, in a very long trench — and are subject to problems with condensation and mold. They don’t save much energy.”Stephen Sheehy wonders why McKinney would consider installing earth tubes when he already is considering mechanical ventilation. Further, there is the prospect of a decline in air quality over time.“I guess what scares me most is that the tube is pretty much impossible to clean, so over time the ‘fresh’ air is likely to get less fresh,” Sheehy writes. Our expert’s opinionGBA technical director Peter Yost added this:I must admit that my building science background creates an almost knee-jerk reaction against earth tubes: To what gain would you intentionally run your fresh air system through underground ducts? And certainly early work with earth tubes was rife with indoor air quality problems, either from the get-go or over time.But there are fully-engineered earth tube systems, such as those being designed by George Sullivan of Net Zero Analysis & Design Corp and by Jason Morosko of UltimateAir that I think should not be dismissed out of hand.Sullivan has done more than a half-dozen earth tube designs, tempering the air exchange in his ERVs with tubes running through 55°F soil temperatures. “In Climate Zone 5 and colder zones, it’s worth it because of the combined heat and cooling effect,” says Sullivan. “In really cold climates, the defrost cycle avoidance is a big plus.” Sullivan has developed his own modeling program to design and predict his earth tube systems.Another consideration is the defrost cycle associated with ERVs and HRVs, which vary by device. For example, the graph shown in Image #2, below, shows the energy associated with defrost cycles from BuildingGreen founder Alex Wilson’s Zehnder’s ERV system.Finally, a word about PVC and CPVC outgassing: While it’s true that both PVC and CPVC pipe outgas, these “rigid” plastic pipe products should not be confused with PVC shower curtains, PVC vinyl siding, etc. These more flexible PVC products contain plasticizers, such as phthalates, which are much more volatile and of much greater concern. [Editor’s note: In an earlier version of this article, GBA published an inaccurate report of energy savings data from an earth tube installation. The error was mine. GBA regrets the error. — Martin Holladay.]last_img read more

Coutinho scores as Barcelona reaches 5th straight Copa final

first_imgView comments Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:59Sports venues to be ready in time for SEA Games01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City Valencia posed a tough challenge for Barcelona, creating some significant scoring chances at Mestalla Stadium, but the visitors opened the scoring in the 49th minute after Luis Suarez raced past a defender inside the area before crossing the ball to Coutinho. The Brazilian playmaker, Barcelona’s most expensive signing, slid to reach the ball and sent it toward the far corner.Coutinho, making his fifth appearance since being signed in January, had only entered the match at halftime.“It’s a special moment for me,” Coutinho said. “I had been trying to score this first goal. I finally got it today and it helped the team advance to the final.”Suarez also set up the second goal, finding Rakitic for an easy shot from inside the area after a breakaway in the 82nd minute.Valencia forward Rodrigo hit the woodwork early in the match.ADVERTISEMENT NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers MOST READ Slow and steady hope for near-extinct Bangladesh tortoises Read Next John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding FC Barcelona’s Philippe Coutinho celebrates after scoring against Valencia during the Spanish Copa del Rey, semifinal, second leg, soccer match between FC Barcelona and Valencia at the Mestalla stadium in Valencia, Spain, Thursday Feb. 8, 2018. (AP Photo/Alberto Saiz)MADRID — Another year, another Copa del Rey final for Barcelona.Philippe Coutinho scored his first goal since leaving Liverpool as Barcelona defeated Valencia 2-0 Thursday to reach the Copa final for the fifth straight season.ADVERTISEMENT Brace for potentially devastating typhoon approaching PH – NDRRMC AFP official booed out of forum Ivan Rakitic also scored in the second leg of the semifinals, giving Barcelona a 3-0 win on aggregate after a 1-0 victory in the opener at Camp Nou Stadium.The three-time defending champions next face Sevilla in a repeat of the 2016 final.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutSevilla eliminated Leganes 3-1 on aggregate on Wednesday.“It’s not an easy feat to make it to the final this many times in a row,” Barcelona coach Ernesto Valverde said. “We knew it wasn’t going to be easy.” Kemba Walker to replace Porzingis in NBA All-Star Game Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH Typhoon Kammuri accelerates, gains strength en route to PH Don’t miss out on the latest news and information. LATEST STORIES “We had our chances,” Valencia coach Marcelino Garcia Toral said. “But they were superior. We competed well but we are not at the same level right now.”It was the sixth straight loss for Valencia in all competitions.“It hurts because we had high expectations coming into this match,” Valencia goalkeeper Jaume Domenech said. “But it wasn’t meant to be. We need to work harder to try to turn things around.”Valencia was attempting to make it to the Copa final for the first time since 2007-08, when it won its seventh title after eliminating Barcelona in the semifinals.Barcelona, which has won the tournament a record 29 times, had eliminated Valencia in the semifinals two years ago, winning 7-0 at Camp Nou in the first leg. It then held on to a 1-1 draw at Mestalla with its second-stringers.Colombian defender Yerry Mina made his Barcelona debut on Thursday by replacing Gerard Pique late in the match. Pique had been listed as doubtful because of a knee injury. 2 ‘newbie’ drug pushers fall in Lucena stinglast_img read more