Cycle in aid of Ger memorial scholarship

first_imgFacebook Email Linkedin Print Twitter Previous articleLaw Link, defence to debt collection proceedingsNext articleForget strapless – get ‘Glamorous Bra Straps’ admincenter_img ON this Saturday, a group of 10 cyclists will commemorate K2 mountaineer Ger McDonnell by cycling 112kms from Kilcornan in Limerick to Doolin in Clare, passing through Askeaton, the Tarbert Ferry, Kilrush, Ennistymon, Lahinch and Lisdoonvarna.They hope to raise funds for the Ger McDonnell Memorial Scholarship Fund at DCU, where Ger studied Electronic Engineering.Sign up for the weekly Limerick Post newsletter Sign Up Ger came to world attention in August 2008 when he became the first Irish person to scale K2 and was subsequently killed in the single worst accident to have taken place on K2.In a memorial service shortly after the accident, his brother JJ recounted how Ger once cycled from his native Kilcornan in Co. Limerick to Doolin in Co. Clare to post a letter. This summer Ger’s university classmates will recreate this epic cycle as part of a fund-raising drive. Their aim is to raise 50,000 euro to fund a scholarship in Ger’s name for students from disadvantaged backgrounds who wish to study engineering at DCU. Advertisement NewsLocal NewsCycle in aid of Ger memorial scholarshipBy admin – July 15, 2009 731 WhatsApplast_img read more

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

It’s not my problem…

first_img 16SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Denise Wymore Denise started her credit union career over 30 years ago as a Teller for Pacific NW Federal Credit Union in Portland, Oregon. She moved up and around the org. chart … Web: www.nacuso.org Details Last month I got elected to the Town Assembly of Cochiti Lake, New Mexico. I never dreamed I would get involved in politics. In fact, I hate politics. So what compelled me to run? I care about this little town and in the 10 years I’ve owned a home here have watched it slowly decline. Cochiti Lake has the distinction of being the only town of its kind in all of the United States.It was a new concept, unprecedented anywhere in Indian Country – a private investment for development of a town on reservation land, with its own government. The residents would agree to a 99-year land lease that began in the late 1970’s. Although the original plan was for a population of 40,000, the company that was hired to develop it went bankrupt and the “project” was discontinued with the Town of Cochiti Lake having a population around 500 people.We live 30 miles from the nearest grocery store (Santa Fe) but we have a gas station, golf course, library, Volunteer FIRE/EMS, a campground, lake and abundant hiking trails. The nickname is “Heaven with a Zip Code.” But it has stopped looking so heavenly.The town was built to be a “retirement community” consequently the average age of a resident is around 60. No one will likely ever say they were born and raised in Cochiti Lake. And therein lies the problem. As we are now on the backside of the 99-year lease and many residents are retired and seeing their own end of the road, many have stopped caring. The Town Hall is crumbling, the Community Garden neglected and of course, no one wants to raise the town tax to pay for improvements. That’s why I’m volunteering some time to convince the residents that there is a future here and we owe it to the next residents to keep this a wonderful place to live. It’s going to mean some cooperation and collaboration.Credit unions are 108 years into their story and I’m seeing an eerily similar situation. There’s an inordinate amount of CEOs retiring in the next 5 years and I see many that have stopped caring. They are not grooming the next generation to take over, but rather merging their credit unions and in some cases getting very large retirement payouts as a reward for merging.I began working full time with NACUSO one year ago and in that time have met the “cool kids.” The credit union CEOs with a cooperative heart and a great business mind. There is no better combination in my opinion. Rather than trying to be all things to all people, CUSO contributors get that there is power in collaboration. You can act like a big credit union without the expense or operational headaches. You can gain economies of scale without going through the disruption of a merger.This year at the NACUSO Network Conference we honored some of the best examples of Innovation and Collaboration.The winner of the CU of the Year Collaboration & Innovation Award were two credit unions, who despite being competitors located just a mile from each other in the same market, serving the same membership, decided to collaborate for the benefit of all of their members, and are delivering exceptional value to their members … the two credit unions are ORNL FCU and Y-12 FCU.  The winner of the CU of the Year Leading Edge Innovation Award was recognized for investing in and leading innovation for their members and the industry – Denali FCU has been a true leader in developing innovative new CUSO collaborations that not only benefit their members but the entire industry, through such collaborative innovation as OnApproach and Deep Future Analytics.And finally $30 million Element Federal Credit Union, Charleston, W.Va., received the 2017 Credit Union of the Year CUSO Leverage Award for setting the bar on how to use CUSO collaborations to lower costs; provide expanded products and services it would be difficult for the CU to provide on its own; and create value for members through collaboration. CEO and Chief Innovator Linda Bodie uses 7 CUSOs and in our spotlight interview earlier this year said,“You can’t look at running a credit union like it’s 1980. Small credit unions could kick some serious butt with a new model. Consolidate all the back office, compliance and other standard business functions. Allow a centralized management team to oversee multiple credit unions. You’ll have the expertise, the uniqueness, the pooling of resources, the fun and everything you need to serve your members and to serve them in a very custom way. Today, there is no reason for any credit union to merge if they don’t want to merge.”When I was “campaigning” to be on the assembly, we had one Town Hall “meet the candidates” event. I had to give a speech and my closing remark was “You know how you never wash a rental car? I think many residents look at this town as a rental car. But it’s sacred land and we are honored guests and I for one am going to continue to work hard to restore “Heaven with a Zip Code” as the mantra for the town I am proud to call my home.Credit unions have been “my work family” for 37 years now, and I’m proud at this stage in my career to work alongside the folks at NACUSO.Credit unions and the Town of Cochiti Lake are not going down on my watch. last_img read more