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

WWE: Charlotte Flair eager to fight champion Asuka

first_imgWWE women division’s star Charlotte Flair hopes to fight the champion Asuka, Billie Kay and Peyton Royce very soon, she said in a conversation with the Metro.Charlotte has recently made a shift from Monday Night Raw to SmackDown Live in the Superstar Shake-Up post WrestleMania 33.The Queen, in the most recent episode of Smackdown Live, challenged Naomi for the women’s championship but couldn’t win the game due to interference.Still to face a few stars in her WWE career, Charlotte said, “There’s three girls that I really hope come up soon. Obviously the champion Asuka, but personally I know Billie Kay and Peyton Royce really well and I think they’re ready and would make a great addition.”WWE has recently made an announcement that they will be holding a women’s tournament later in the year.last_img read more

a month agoOxford boss Robinson delighted with Cup rout of West Ham

first_imgOxford boss Robinson delighted with Cup rout of West Hamby Paul Vegasa month agoSend to a friendShare the loveOxford United boss Karl Robinson was delighted with their 4-0 Carabao Cup rout of West Ham.During his tenure as MK Dons boss, the 39-year-old knocked out Blackpool and Norwich when they were in the Premier League before recording a famous 4-0 win over Manchester United in the third round five years ago.Robinson also triumphed over QPR – when they were in the top flight – in the FA Cup, but played down his cup exploits.”I just like winning football matches, no matter who you play against. I think one thing my teams always do is show tremendous respect for the opposition, but we never change our style,” Oxford’s manager said.”We almost in a stupid way match them at their own game and sometimes it doesn’t work.”I’ve been battered 6-0 in this competition by Southampton. I’ve also been beaten 5-1 by Chelsea in the FA Cup, so there have been a few hidings, but these are the ones you remember for the rest of your life.”Before the game I said I think I have some Premier League youngsters in my team and if you look at our age, we were younger than West Ham.”We don’t only have an older group of players who want to run around, but we have a young team with tremendous growth thanks to the academy and the players we have brought in so I can’t ask for any more from my players.” About the authorPaul VegasShare the loveHave your saylast_img read more

25 days agoPogba calls Man Utd crisis meeting

first_imgPogba calls Man Utd crisis meetingby Paul Vegas25 days agoSend to a friendShare the loveManchester United star Paul Pogba reportedly called a team meeting during training last week.He urged his team-mates to “stick together” amid their miserable start to the season.United have made an indifferent start to the campaign with only two wins from their opening six Premier League fixtures ahead of the visit of Arsenal to Old Trafford on Monday.In fact, the Red Devils have won only five of the 17 matches played since Ole Gunnar Solskjaer was given the managerial job on a full-time basis in March.An Old Trafford source told The Sun: “Paul got all the players together and has been speaking to them about sticking together.“He has been in good spirits of late and is still pulling for Ole. He initiated a sort of rallying call to the boys. He knows he has a lot of responsibility and trying to inspire the younger guys around him.“The backroom staff are impressed and been appreciated while he has been out injured.” About the authorPaul VegasShare the loveHave your saylast_img read more

Photo: Arkansas Football Graduates Will Wear This Patch On Their Uniform

first_imgArkansas’ football program is honoring its graduates with a special patch.The Razorbacks who have already graduated will be wearing an “SEC Graduate” patch on their uniform this fall.Here’s the patch, via Arkansas’ official website.ArkansasArkansasArkansasArkansas AD Jeff Long said this about the patch:“Our mission is to develop student-athletes to their fullest potential through intercollegiate athletics, including empowering them to attain the ultimate goal of graduation,” he told the school’s website. “More and more, our student-athletes are achieving that goal even before their athletic eligibility has expired. In recognition of this extraordinary achievement, we have developed a patch to be worn on their respective jerseys by all those student-athletes who have earned their college degree. It is a great reminder that these talented young men and women have already achieved something truly special that will impact them the rest of their lives.”Arkansas has eight players who will be wearing the patch. The Razorbacks open their 2016 season on Sept. 3 against Louisiana Tech.last_img read more

AltaCorp Capital founder oil and gas financier George Gosbee dies suddenly

first_imgCALGARY – Investment firm AltaCorp Capital Inc. says its founder and CEO, Calgary oil and gas financier George Gosbee, died suddenly on Sunday.Gosbee was a former governor of the National Hockey League and, in 2013, led a group to purchase the Arizona Coyotes and restructure the team. Current team owner Andrew Barroway tweeted he was “deeply saddened” by the news.Gosbee, 48, founded AltaCorp Capital in 2010 and struck a deal to partner it with ATB Financial, an Alberta government-owned lender.In 2000, he helped found Tristone Capital Global Inc., an energy investment firm which he and his partners sold in 2009 to Australia’s Macquarie Group for about $130 million.Gosbee served as vice-chairman of Alberta Investment Management Co., which manages $90 billion in provincial government pension funds, for eight years.AltaCorp says president Paul Sarachman will assume the role of CEO.last_img read more

Global markets rise on further signs of US economic growth Italian concessions

first_imgTORONTO – Further signs of U.S. economic growth and budget concessions in Italy drove global markets higher as crude prices returned to a near four-year high.U.S. private payroll data released Wednesday showed potential for a strong upcoming jobs report while the ISM non-manufacturing index for September beat expectations, said Anish Chopra, managing director with Portfolio Management Corp.The index, which measures economic activity, registered 61.6 per cent for the highest level since the index was created in 2008.Market concern was alleviated when Italy gave signs that if would cut its budget deficit and tackle its debt in the coming years.The S&P/TSX composite index closed up 54.82 points to 16,072.05, after hitting a high of 16,082.26 on 223.2 million shares traded.The increase was led by a nearly five per cent gain in the health-care sector, which includes some of the biggest names in the marijuana business, and the important energy sector, which was up 1.9 per cent.“There’s been a strong move in the price of oil over the last number of weeks and months and that continues today,” Chopra said in an interview. “The price of natural gas has been up the last number of days and you can see that in the performance of the energy sector.”The November crude contract was up $1.18 at US$76.41 per barrel, hitting its highest level since November 2014. The November natural gas contract was up 6.4 cents at US$3.23 per mmBTU.Chopra said energy prices rose on the back of stronger demand because of a growing U.S. economy and supply issues related to impending U.S. sanctions on Iran that will constrain oil supplies.Meanwhile, gold and utilities were lower because interest rates are creeping up, uncertainty in Canada is lessening following the announcement of a new NAFTA deal and Canadian government bond yields are climbing.“As yields rise you tend to see utility prices fall in sympathy with government bond yields rising,” he said.In New York, the Dow Jones industrial average reached another new high, gaining 54.45 points to close at 26,828.39. The S&P 500 index rose 2.08 points to 2,925.51, while the Nasdaq composite was up 25.54 points at 8,025.08.The Canadian dollar traded at an average of 77.93 cents US compared with an average of 78.02 cents US on Tuesday.The December gold contract was down US$4.10 at US$1,202.90 an ounce and the December copper contract was up 2.75 cents at US$2.83 a pound.last_img read more

Saudi Arabian crude oil imports to Canada easy to replace says energy

first_img“A rise in tensions puts Canadian bids to win major healthcare projects, education projects, transportation projects, on an increasingly shaky footing,” said Allam, a former Canadian diplomat and head of Allam Advisory Group.“What you’re seeing is that Riyadh’s hard line against Ottawa is going to result in substantial harm to the Canadian economy in general.”He said the recall of 12,000 to 15,000 Saudi students from Canada, and accompanying relatives, is going to remove as much as $2 billion in annual investment in the Canadian economy.The cancelling of flights between the two countries means Canada loses an important link not only with Saudi Arabia but with numerous Saudi allies such as the United Arab Emirates, which was quick to declare its support for the measures against Canada, he said. CALGARY, A.B. – Canada can easily replace the oil it imports from Saudi Arabia should relations with the Middle Eastern kingdom deteriorate to the point that trade in crude is halted, says an energy economist.But this week’s trade tension escalation means Canada will be on the sidelines as the Saudis try to diversify their economy away from its dependence on oil and gas, said Omar Allam, a Canadian consultant who specializes in advice on doing business in Saudi Arabia.Eastern Canadian refineries import about 75,000 to 80,000 barrels per day of Saudi Arabian crude, said Judith Dwarkin, chief economist with RS Energy Group in Calgary, on Tuesday. According to the Canadian Trade Commissioner Service, Canada exported $1.45 billion worth of products to Saudi Arabia in 2017, with about half in the category of vehicles and equipment at $760 million.The federal office says Canada imported $2.6 billion worth of goods from Saudi Arabia, with $2.5 billion of that in mineral production.A handful of Canadian companies operate in Saudi Arabia and could potentially be affected by the ongoing trade battle.Precision Drilling Corp. of Calgary has about 900 employees working between Kuwait, where it has five active rigs, and Saudi Arabia, where three of its four rigs in the country are currently active, the company confirmed, without offering further comment.SNC-Lavalin Group Inc. says on its website it has had a 24-year relationship with Saudi Aramco, the national Saudi Arabian oil company, providing general engineering services for its oil and gas facilities.Armoured tanks and personnel carriers have been Canada’s biggest recent export to the kingdom. A London, Ont.-based firm called General Dynamics Land Systems signed a $15-billion deal with Saudi Arabia in 2014 to export its light-armoured vehicles to the kingdom.By Dan HealingTHE CANADIAN PRESScenter_img That’s less than 10 per cent of total imports and amounts to a “drop in the bucket” compared with the United States, she said, which accounts for two-thirds of imports and could easily cover Saudi’s share thanks to growing domestic production.It is also dwarfed by the 3.5 million barrels per day of Canadian oil that Canada exports mainly to the U.S.“The Saudis, if they choose to supply less to Canada, will divert those barrels, possibly to China, and U.S. barrels that would have gone to China, but are uncompetitive under Chinese tariffs, come to Canada,” Dwarkin said.“Basically, the cupboard gets rearranged.”Saudi Arabia declared a freeze on new trade with Canada and recalled thousands of students attending Canadian universities following a tweet last week from Global Affairs Canada that expressed concerns about the arrest of activists in the kingdom.The Saudi foreign ministry has also ordered Canada’s ambassador, Dennis Horak, to leave the country.last_img read more

Jail sentence handed down in 2016 Attempt Murder and Kidnapping Investigation

first_imgDAWSON CREEK, B.C. – On Thursday, January 10, 2019, Brandon MacDonald, 32-years-old, and Robert Clarke, 34-years-old, pleaded guilty to charges in Supreme Court in Dawson Creek in relation to a 2016 investigation.MacDonald, a resident of Chetwynd entered a guilty plea to the following charges:Attempt Murder with a firearm (Section 239(1) (a.1) CCC)Kidnapping (Section 279(1)(1) CCC)Uttering Threats (Section 264.1(1) CCC)MacDonald was sentenced to just under 8 years with a lifetime firearm prohibition. Clarke, a resident of P.E.I. entered a guilty plea to Aggravated Assault (Sec 268(2) CCC) and was sentenced to 1.5 years in jail with a lifetime firearm prohibition.Clarke was arrested on February 23, 2017, in Nova Scotia.last_img read more

7phase polls from April 11

first_imgNew Delhi: The suspense over the announcement of dates for Lok Sabha elections came to an end on Sunday as Chief Election Commissioner unveiled the poll dates. As per Chief Election Commissioner (CEC) Sunil Arora, the election would be held in seven phases starting from April 11 and ending on May 19 followed by counting of votes on May 23 for all the 543 Lok Sabha seats.Following the repeated demands of opposition parties, the Election Commission will use Voter Verifiable Paper Audit Trail (VVPATs) in all polling stations along with EVMs. As many as 17.4 lakh VVPAT machines will be deployed for the Lok Sabha and simultaneous assembly elections, Arora said, adding that in new SOPs issued, vehicles installed with GPS trackers and mobile-based tracking system for transportation of reserve EVMs and VVPATs will be used. Also Read – Squadrons which participated in Balakot air strike awarded citations on IAF Day”There will be very stringent security norms for storage, handling of VVPATs. After incidents, fresh SOPS have been issued for last mile transportation, including monitoring by GPS, including reserve too,” the CEC said. In a first, the Election Commission has decided to introduce candidates’ photos on the voting machines, in addition to the party name and symbol. “This would eliminate confusion in the minds of voters,” Arora said. However, the Election Commission that ‘failed’ to conduct bypoll for Anantnag parliamentary seat is still not in ‘position’ to hold assembly election in Jammu & Kashmir along with the Lok Sabha poll schedule. There are six parliamentary seats in J&K and elections for all six Lok Sabha seats will be held in 5-phases. Also Read – SC declines Oil Min request to stay sharing of documents on Reliance penaltyAccording to the CEC, assembly polls in Andhra Pradesh, Arunachal, Odisha and Sikkim will also be held simultaneously. While announcing the election dates, Arora said, “The model code of conduct would come into immediate effect from Sunday. This time, 10 lakh polling stations would be set as against about nine lakh in 2014 and nearly 90 crore voters would be eligible to vote for 543 Lok Sabha constituencies across the country.” “The first phase will be held on April 11, second on April 18, third on April 23, fourth on April 29, fifth on May 6, sixth on May 12 and seventh phase on May 19. The counting of votes will be on May 23,” Arora said, adding that in the first phase, 91 constituencies will go for polls, 97 constituencies in the second phase, 115 constituencies in third phase, 71 in fourth phase, 51 in fifth phase, 59 in sixth and 59 in the seventh phase. Polling for Lok Sabha seats in the states of Bihar (40), Uttar Pradesh (80) and West Bengal (42) will conclude in seven phases, while there will be single phase polling in 22 states/UTs and the states of Jharkhand, Madhya Pradesh, Maharashtra and Odisha will witness four-phase elections. In reply to a question on monitoring contents/political advertisements on social media such as Facebook, Twitter, WhatsApp, the CEC said, “We would set up control rooms to monitor the contents. There is a case pending in Bombay High Court over the issue. The observation of the HC in the case would bring more clarity. We have also asked candidates to submit their social media details.” Replying to a question on the provision of making arrangements to deposit mobile phones at the polling stations, the CEC said, “There is work in progress and a decision in this regard would be taken very soon.” The assembly elections in Arunachal Pradesh, Sikkim and Andhra Pradesh will be held on April 11, while assembly poll in Odisha will be held in four phases starting from April 11.last_img read more