Low Foreclosure Rates May Obscure ‘Market Reality’

first_img The Best Markets For Residential Property Investors 2 days ago February 11, 2021 1,944 Views Previous: Millennial and Gen Z Savings Priorities Next: Decreased Delinquencies Only Tell ‘Part of the Story’  Print This Post Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago 2021-02-11 Christina Hughes Babb Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles About Author: Veronica Bradley Low Foreclosure Rates May Obscure ‘Market Reality’ Subscribe The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Low Foreclosure Rates May Obscure ‘Market Reality’ Veronica Bradley has covered the consumer packaged goods industry, the tech industry, the healthcare industry, and a few other industries that impact people’s daily lives. When she isn’t researching and writing, she moonlights as an amateur accountant and bookkeeper for a small family brewpub, because unlike most writers, she isn’t afraid of numbers. Low numbers are attributed to CARES Act protections, but some states have reported an increase in foreclosure starts.Foreclosure activity is down—way down—but market perception isn’t market reality given the factors that currently prevent completed foreclosures (REOs), according to the January 2021 U.S. Foreclosure Market Report from ATTOM Data Solutions.At the time of the report, default notices, scheduled auctions, and bank repossessions—all types of foreclosure filings—were down 11% from December 2020 and down 80% from January 2020.One of the major reasons foreclosure numbers are low is the continuation of the CARES Act mortgage forbearance program and the moratorium on government-backed loans.”January foreclosure activity declined at least in part due to the Biden Administration’s decision to continue the foreclosure moratorium on government-backed loans through the end of March,” said Rick Sharga, RealtyTrac EVP. “The moratorium and CARES Act mortgage forbearance program have effectively prevented millions of seriously delinquent loans from entering the foreclosure process. But it’s important to remember that the number of foreclosures we’re seeing right now doesn’t reflect market reality—and that’s something we’ll need to deal with once these government programs expire.”Foreclosure completions are also on the decline. In January 2021, REOs were down 28% from the previous month. And compared to the previous January, REOs dropped 83%, which continued a 13-year trend of declining annual REOs.Looking at the 220 metropolitan statistical areas with at least 200,000 people and at least 100 foreclosure starts in January 2021, double-digit annual declined were reported in Chicago (down 87%); New York (down 85%); Los Angeles (down 80%); Dallas (down 77%); and Houston (down 69%).Of course, not every city or state saw a decline. Washington, Virginia, North Carolina, Massachusetts, and Ohio all countered the national trend with increases in foreclosure starts. Seventeen states in total reported increases.Read the report by ATTOM Data Solutions for more information. Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agolast_img read more

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Shooting at the Military World Games

first_imgBy Dialogo July 15, 2011 In the sport of shooting, there are three different categories, which are subdivided into various events. These are the pistol category (25m, 50m, air, rapid fire, standard, and center fire), the carbine or rifle category (three-position, prone, and air carbine; three-position, prone, and air standard rifle), and the shotgun category (skeet, Olympic trap, and double trap). In all events, the objective is to hit the greatest number of targets in order to score the most points. In military competitions, there are two other events: military rapid fire pistol, for men and women, and military rapid rifle, in which only men compete. At the 5th Military World Games, there will be sixteen events, eight in the pistol category, four in the rifle category, and four in the carbine category. Men will compete in center fire pistol and military rapid fire pistol, in addition to military rapid rifle and three-position standard rifle, and women will compete in military rapid fire pistol and 25m pistol, in addition to three-position carbine and prone carbine. There will be individual and team competitions in each event. In team competition, the results of three athletes from each country are added together. There will not be any shotgun events.last_img read more

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Hempstead Shooting Leaves Boy, 16, Dead

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 16-year-old boy was shot to death in Hempstead late Friday night about two miles across town from the scene of a recent double murder that remains unsolved, Nassau County police said.Hempstead village police officers responded to a 911 call made from outside of a home on Bennett Avenue near the corner of Amherst Street, where they found Robert Brown of Westbury suffering from a gunshot wound shortly before midnight, police said.The victim was taken to a local hospital, where he was pronounced dead two hours later.Homicide Squad detectives are continuing the investigation.Detectives request anyone with information regarding this crime to contact Nassau County Crime Stoppers at 1-800-244-TIPS.  All callers will remain anonymous.last_img read more

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Escrowing for flood insurance post-merger

first_imgHappy Monday, compliance friends! We’re only 10 days out from turkey day, so start stocking up on gravy and dinner rolls!In the meantime, let’s talk about flood insurance and mergers. We have received a few calls from credit unions shortly after a merger. Imagine a scenario where one credit union met the small lender exception and therefore did not escrow for flood insurance, but was then acquired by a larger credit union that never qualified for the small lender exception. The newly merged credit unions have asked if they are required to begin escrowing flood insurance premiums for the loans that were made while the small lender exception applied. The answer to this question is a bit unclear, but this blog will try to gleam some guidance from NCUA’s flood insurance rules.NCUA’s flood insurance rule requires credit unions, and their servicers, to escrow premiums and fees for flood insurance when making, increasing, extending, or renewing a designated loan unless the credit union or a loan meets one of the exceptions in the rule. See, 12 CFR § 760.5(a)(1). Although there are multiple exceptions to the rule, we’ll focus on the small lender exception. Section 760.5(c)(1) of NCUA’s rules creates the small lender exception to the escrow requirements and section 760.5(c)(2) creates the “change in status” rule that applies after a credit union is no longer considered a small lender.As with plenty of rules, there is not much guidance on how a merger affects the requirements for loans made under the small lender exception as outlined in section 760.5(c)(1). This is probably because not many credit unions met the small lender exception, and therefore this has not been a common question. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

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Samsung Galaxy M31s Getting One UI 2.5 Update in India With November 2020 Security Patch: Report

first_img– Advertisement – Last week, Samsung brought One UI 2.5 to the Galaxy M31. The company also released One UI 2.5 Core for the Galaxy M21 a few days back.Is this the end of the Samsung Galaxy Note series as we know it? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below. The next notable change that the latest software update brings to the Galaxy M31s is the Alt Z Life feature. It brings a secure folder and helps users quickly switch between private and public modes of apps including Camera, Gallery, and WhatsApp by double pressing the side key. The update also includes AI-based content suggestions to secure sensitive content.Samsung hasn’t made any changes to the operating system version of the Galaxy M31s that’s still Android 10. You can also expect some interface-level changes that were initially provided to flagship phones including the Galaxy S20 series earlier this month.The update is rolled out in stages, so it may take some time to reach all Samsung Galaxy M31s handsets. However, you can check its availability manually from the settings menu.- Advertisement – As per the official changelog, the update brings software build number M317FXXU2BTK1 and comes along with the November Android security patch. There is an improved Always On Display functionality with support for Bitmoji stickers. Samsung has also updated its keyboard with the ability to split it into two parts when using the landscape mode. The search function on the keyboard has been updated to let users easily find keyboard input languages.The new software update also brings an improved camera experience to Samsung Galaxy M31s. There are features including Pro video, AR Emoji, AR Doodle, Scene optimiser, and SmartScan.Samsung has also updated its Messages app. It now carries a feature to let users call a pre-configured SOS contact in case of an emergency. Users can also send SOS location-sharing messages every 30 minutes for 24 hours.- Advertisement – Samsung Galaxy M31s has started receiving One UI 2.5 update in India, according to a report. The new software update comes along with the November 2020 security patch. Samsung has also provided the privacy-focussed Alt Z Life feature that was initially launched on the Galaxy A51 and Galaxy A71 with a password-protected folder. The Galaxy M31s was launched as an upgrade to the Galaxy M31 in July. The smartphone comes with quad rear cameras as well as a 6,000mAh battery.The One UI 2.5 update for the Samsung Galaxy M31s is 748MB in size, according to a report by TizenHelp. Samsung’s official website carries the changelog of the latest update, though it doesn’t provide any details about the One UI version.- Advertisement –last_img read more

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Moore to captain GB&I Jacques Leglise team

first_img England boy international Bradley Moore will captain the GB&I team to face the Continent of Europe in the Jacques Leglise Trophy match at Royal Dornoch on August 28 and 29. Moore (Image © Leaderboard Photography) is one of three England players selected for the boys’ match by the R&A, alongside Will Enefer and Marco Penge. Enefer, 17, (Wrekin) was runner-up in the German boys’ open and tied third in the Sir Henry Cooper Junior Master. Moore, 17, (Kedleston Park) won the Carris Trophy recently and has topped the England Golf boys’ order of merit for the past two years. Penge, 17, (Golf at Goodwood) reached the semi-finals of the Boys’ Amateur Championship at Royal Birkdale and has notched up three wins this season, including the Scottish stroke play. Moore and Penge were both members of the team which won the Jacques Leglise Trophy last year, with a 12½ – 11½ triumph at Barsebäck in Sweden. It was GB&I’s 37th win overall compared to ten for the Continent of Europe. The format for the match is four foursomes ties each morning, eight singles matches on the afternoon of Friday 28 August and nine singles matches on the afternoon of Saturday 29 August. The full team is: Ben Chamberlain (18), Padeswood & Buckley, Wales William Enefer (17), Wrekin, England Calum Fyfe (18), Cawder, Scotland Tim Harry (18), Vale Resort, Wales Bradley Moore (17) (Captain), Kedleston Park, England Thomas Mulligan (16), Co Louth, Ireland Marco Penge (17), Golf at Goodwood, England Sandy Scott (17), Nairn, Scotland Thomas Williams (17), Wrexham, Wales For more information on the Jacques Leglise Trophy visit the R&A website. 19 Aug 2015 Moore to captain GB&I Jacques Leglise team last_img read more

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RB Reorganizes ‘Historic, Diverse Council’

first_imgMayor Pasquale Menna administers the oath of office to Fire Chief John SandersU.S. Rep. Frank Pallone administers the oath of office to Councilwoman Juanita LewisRED BANK — Consistency certainly seemed to be the tone of the day as borough officials met on Sunday to conduct the annual reorganization meeting.On New Year’s Day, Democratic Council members Edward Zipprich and Juanita Lewis took their oaths of office, which were administered by U.S. Representative Frank Pallone Jr. (D-NJ). Both the council members were incumbents who won re-election last year for their three-year terms, allowing the six-member council to remain all Democrats with a Democratic mayor.“I am proud to be part of this historic, diverse council,” said Lewis upon taking her second term, referencing a council that is comprised of two African Americans, three women and one gay member.“”We are continuing our commitment to the entire Red Bank community,” offered Zipprich in his comments after being sworn in.Along with the council remaining constant, the appointment of professionals followed suit, with all of them remaining for 2012. The council approved unanimously the reappointment of its borough attorney, Daniel J. O’Hern Jr.; engineer Christine Ballard with the T&M Associates firm; Philip A. Norcross as bond counsel; and Gene J. Anthony, Andrew Walsh and James L. Plosia Jr. to continue to serve as rent level board, construction board of appeals and labor counsels, respectively; David Kaplan as borough auditor; James Butler as municipal prosecutor; and Kevin P. Wigeton as public defender. Along with the professional appointments, the council approved the reappointment of the entirety of other administrative positions, from its administrator, Stanley Sickels, to Police Chief Stephen G. McCarthy and so on.Councilwoman Ed Zipprich is sworn in as his family looks on.The council went on the vote unanimously to rename Councilman Arthur V. Murphy III to be council president, having him preside in the mayor’s absence.“When you do spend so much time together you do become an extended family,” Mayor Pasquale Menna observed about the governing body and professionals who lend their support.In his remarks Menna offered his thanks to the public employees noting some elected officials have taken to “pick on public employees” but he offered his support, noting 2011 was something of a rough and tumble year being with heavy snow in late 2009 and continuing with a hurricane and even an earthquake. “I don’t know if we could have went through anything else,” he said.Overall, though, “I think the year was extremely positive,” Menna observed looking back at 2010. He noted there are development projects in the works that demonstrate interest in the community; and he pointed to rock star Jon Bon Jovi’s opening of Soul Kitchen, a philanthropic effort, that brought international media attention to the borough.Mayor Pasquale Menna administers the oath of office to Fire Chief John SandersFor the coming year, the mayor said there will be efforts to move forward with a progressive initiative to address the chronic parking shortfall; the naming of “a suitable public space” in honor of the late Katharine Elkus White, onetime mayor and U.S. ambassador to Denmark, “A legendary figure,” he said; the naming an “innovative program” in the near future (without offering any details): and plans to continue to lobby state legislators to address what local officials see as the inequity of providing services for an inordinate amount of tax exempt properties owned by not for profits, which they say places an additional burden on taxpayers.“I will do what I can to keep on moving forward,” Menna told the audience.last_img read more

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New Huddy’s Inn Set For Summer Debut

first_img– Story and photos By Laura D.C. Kolnoski COLTS NECK – The double glass doors leading to a sizeable waiting room are about to swing open at the all-new location of Huddy’s Inn at the corner of Routes 34 and 537. After more than 26 years tucked in a cozy, if low-profile, location at the Colts Neck Shopping Center off Route 34, the popular pub is moving to its new digs less than a mile away, with a formal opening planned for September.Colts Neck Business Association members will get a preview during a networking event scheduled for Tuesday, August 18. Hosting them will be owners Salvatore Asaro and Raymond Longobardi, who have been working for more than five years to get their new establishment up and running. Longobardi, who owns the adjacent Pebble Creek Golf Course, acquired the township’s former Atlantic School next door in 2008. He and his Huddy’s partner, Asaro, began work on the building, which included dividing sections and removing some portions. It didn’t take long to lease office space in the front portion. Making the restaurant reality has taken considerably longer.A sensitive stream runs along the other side of Route 537, monitored by the New Jersey Department of Environmental Protection (DEP). In 2010, Longobardi was seeking approvals to build his own, more than $500,000 state-of-the-art water treatment facility for the new Huddy’s. Simultaneously, the DEP was adopting new regulations on regional water management plans. Local and county officials worked with Longobardi on his DEP applications, but his project got caught up in a lengthy review and approval process with others statewide. Then storms Irene and Sandy hit. Contractors, including power company staff working on utilities at Huddy’s, were needed elsewhere. Progress stalled repeatedly. The owners reduced the size of their plans at one point to expedite DEP approvals.“This project has been like a Rubik’s Cube,” Longobardi said. “You shift one part and the whole thing moves. I’m just so happy it’s almost done and so eager to welcome all our regular customers as well as new ones who will now be able to see us as they pass by.” The high-profile corner, one of the county’s busiest, is slated for widening and improvements that have languished on the state’s drawing boards for decades but County Engineer Joseph Ettore says design work is now advancing.Locals call the original Huddy’s their version of television’s “Cheers,” but the cramped three-room tavern has suffered from age, overcrowding, and roof leaks. Tight bar quarters caused cessation of live music. New Huddy’s expansive 25-seat bar with additional high-top table seating will host live bands and dancing every weekend, Asaro said, adding that the entertainment variety will include rock and roll, cabaret, jazz, and country. A large grill has been installed behind the main bar, where a dedicated chef will continue to turn out Huddy’s burgers and roasted clams; bartenders will no longer be cooking while serving drinks.The facility also has two dining rooms, a banquet room with its own bar and private outdoor space, and a large covered wrap-around outdoor porch with a third bar and restrooms. Guests can enjoy the seven-acre property and partake in bocce ball, corn hole, and horseshoes. Large televisions inside and out include an 80-inch screen wired for meetings and presentations. The inside will seat about 150, with seating for another 60 – 80 patrons outside. Free parking is available for 150 cars, with the Pebble Creek Golf Course parking lot affording more spaces when the course is closed.The owners were adamant about retaining Huddy’s historic-rustic-horse country ambiance at their new locale. To recreate the original’s wood booths, the old booths were measured and replicated to exacting specifications. In addition to Tiffany-style lamps, wall sconces, and stained glass accents, floors feature porcelain tiles and the rooms are decorated in warm tones of tan and brown. In the dining room, a floor-to-ceiling stone gas fireplace is the focal point.“We view this campus not just as a restaurant, but as an interactive experience where people have something to do inside and out,” Asaro said. “The new Huddy’s is larger, but eerily similar in décor to the old. We will still be about the food and the value. People want to be entertained, so we plan to have something for everyone.” Asaro said current Huddy’s staff, including 20-plus year General Manager Ned Haberstroh, are moving to the new location. He estimates doubling the size of his staff and has begun interviewing.Huddy’s crowd-drawing events will continue at the new location. Management is anxious to stage their two biggest the annual Chili Cook-off and St. Patrick’s Day celebrations – in spacious comfort. Both will be more festive, Asaro said, with music, entertainment, and surprises.last_img read more

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Fat Tire Festival brings in the bikers to celebrate cycling in Heritage City

first_imgNineteen and counting. Nelson’s Fat Tire Festival went off like a bang as cycling enthusiasts flocked to mountains and streets of the Heritage City to participate in the event in memory of Cam Alexander, a friend and avid cyclist who lost his life tragically while riding his bike 19 years ago. The three-day event started with the bike clinics and the Kootenay Krawl Friday, took to the hills for Kootenay Kasino Day before concluding at the former Morning Mountain Ski Hill for Cross Country racing.Here are the results from the weekend:Kootenay Krawl:5 and under:  Jack Denny6-8 year olds:  Wyatt Atkins9-13 year olds:  Liam Lazier”Grown-ups”:  Travis Hauck (for the 2nd year)Last Wheelie Standing:Under 18:  Nate AtkinsOver 18:  Dude! (for the 2nd year!)Double Up Cross Country RaceSane Open Women:  Jennifer Ross (solo)Sane Open Men:  1st:  “AK Clueless”  Alexander McKenzie and Kevin Cornics                           2nd:  “Slow Roller”  CJ Reinecke and Matt PeschklSane Open Mixed:  1st:  “Get awesome or die trying”  Rachel MacCowie & Levon Schmidt     2nd:  “McOlsen”  Jenn McLean and Karl Olsen3rd:  “Cherry Pickers” Tobi Ridge and Travis HauckSane Juniors:  1st:  Arlo Henderson and Ira McKimmSane 80+ Mixed:  1st:  “Cycle-eye” Nicola Kuhn and Ryan Kuhn                           2nd:  “S&M”  Sue D and Mark DSane Over/Under:  1st:  “Team Awesome”  Mike Lazier and Liam Lazier                             2nd: “Can Kiwi”  Wendy Horning and Damian Horning                             3rd: “100 Pounds of Bikes” Jim Jamieson & Coda Punchard                             4th: “Team Green” Tracy Punchard and Oso Punchard                            5th: “Maley Madness”  Anthony Maley and Imogen Maley                            6th: “Unicorn Cruzers”  Blair Weston and Jordan WestonInsane Open Mixed:  “Kiwi Kruisers”  Nik Bernhard and Will Young (From NZ!)Insane Open  Women:  1st:  “New Bike-itis”  Kristi Crowe & Jessica DeMars                                   1st:  “Team V”  Jeannie Dwyer and Neeva MarechalInsane Open Men:  1st:  “Last Minute”  Shane Keyser and Nelson Rocha                             2nd:  “RossGar”  Gerry Heacock and Dave Sutton                             3rd: “Mighty Manitoba”  Mike Hood and Remi Champagne                             4th: “Uphill Battle”  Mark Weigeldt and Sylvain Turgeon                             5th: “Johnstones”  Luk Jansma and Sasha Kalabais                             6th:  “Star Trekies” Adam Coyle and Patrick Walker                             7th:  “Speed Demons”  Jackson Giroux and Robbie KalabaisInsane Open 80+  Mixed:  1st:  “Peddle, Dang It!”  Sue and Kelly Robertson                                         2nd:  (no team name)  Candace English and Rudy                                         3rd:  “Sollidos”  Allison Lutz and Eric Sollid                                         4th:  “Diamond Duo” Con and Martine DiamondInsane 80+  Men:  1st:  “Screaming J’s”   John Boulanger and Jakob Dulisse                             2nd:  “Expo 86”  Graeme Marshall and Joel McBurney                             3rd: “Moose Knuckles” Lucas Meyers and Dylan Henderson                            4th: “C&C”  Con Diamond and Case Grypma                            5th:  “R & B”  Randy Lall and Bruce GardueInsane 100+:  50/50:  Laura Lundy and Thierry BrionneKids X-C 2-3 Girls:  1st Sahara, 2nd Elise, 3rd Taya, 4th Stella, 5th Julia2-3 Boys:  1st Tristan, 2nd Jasper, 3rd Liam, 4th Cole, 5th Romi4-5 Girls:  1st Molly, 2nd Jersey, 3rd Winter, 4th Naiya, 5th Savanah4-5 Boys:  1st Liam, 2nd Dylan, 3rd Aiden, 4th Ceder, 5th Parker6-8 Girls:  1st Ruby, 2nd Anouk, 3rd Rowan, 4th Sasha, 5th Lauren6-8 Boys:  1st Lachlan, 2nd Marco, 3rd Aiden, 4th Cole, 5th Evan9-12 Girls:  1st Cayenne, 2nd Maggie, 3rd Imogen, 4th Maika9-12 Boys:  1st Mason, 2nd Aidan, 3rd Tayton, 4th JoeDownhillUnder 13 Girls:    1st: Cayenne Caney         5:08.20                           2nd:  Neeva Marechal       5:29.33                           3rd:  Imogen Maley           6:54.74                           4th:  Macy Weston              Under 13 Boys:  1st:  Nate Atkins                 3:40.68                          2nd:  Bodhi Kuhn                3:47.63                          3rd:  Adam Kuch                3:59.70                         4th:  Nova Schiewe              4:09.86                         5th:  Liam Lazier                 4:10.16          13-15 Boys:        1st:  Jona Caney                3:23.26                           2nd:  Kalob Jensen            3:30.26                          3rd:  Evan Merritt                3:30.4916-18 Boys:     1st: Sam Kuch                       3:19.45                        2nd: Conrad Wekwert             3:21.66                       3rd: Christopher DeVuono        3:30.50                     16-18 Girls:       1st:  Devin Knox:                    4:01.43Open Women:  1st:  Michelle Griffiths              3:17.40                         2nd:  Gaby Cote                    3:41.38                         3rd:  Tara Carr                       3:50.76                         4th:  Helen Miles                   3:51.25Novice Women:  1st:  Kerry Greenley            4:32:95                         2nd:  Lynda Dechief            4:36.45                         3rd:  Cassie Leclair             5:19:15Open Men:    1st:  Mark Talbot                    2:59.93                     2nd:  Levon Schmidt               3:05.62                     3rd:  Seb Lutz                        3:06.10                     4th:  Russ Fountain                3:10.62                    5th:  Eric Wahn                    3:11.60Master Women:  1st:  Sheila Street            4:01.17                          2nd:  Nicola Kuhn             4:14.75                          3rd:  Tracy PunchardMaster Men:  1st:  Ryan Kuhn                      3:12.15                    2nd:  Sean Marechel                3:14:86                    3rd: Ric Schneider                   3:16.77                    4th:  Dylan Henderson              3:37.95                    5th:  Mike Lazier                      3:45.92CAM SLAM:  Coda Punchard and Jackson Girouxlast_img read more

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Humboldt State opens Super Regionals against Dixie State seeking second straight West Region title

first_imgArcata >> For some, a trip to Super Regionals might be uncharted territory.For the Humboldt State softball team, they’re hoping it’s just another stop along their annual postseason journey.Just as was the case a year ago, the West Region champion will be decided on the HSU Softball Field, with Humboldt State hosting Dixie State in the best-of-three NCAA Division II Softball Championships West Super Regional starting at 3 p.m. today in Arcata.After so many weeks on the road, so many games …last_img read more

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