first_img Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago GSEs Foreclosure Prevention Actions: Q4 2020 Update The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / GSEs Foreclosure Prevention Actions: Q4 2020 Update The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Share Save in Daily Dose, Featured, Journal, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Black Knight Federal Housing Finance Authority (FHFA) Foreclosure Mortgage Bankers Association (MBA) 2021-03-29 Eric C. Peck Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agocenter_img  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago March 29, 2021 1,208 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. About Author: Eric C. Peck Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: How Rising Mortgage Rates Stand to Impact the Economy Next: Gateway Appoints Nick Hahn as CFO Tagged with: Black Knight Federal Housing Finance Authority (FHFA) Foreclosure Mortgage Bankers Association (MBA) According to the latest Foreclosure Prevention and Refinance Report from the Federal Housing Finance Authority (FHFA) for Q4 of 2020, Fannie Mae and Freddie Mac (GSEs) completed 362,912 foreclosure prevention actions in Q4, bringing the total to 5,588,253 since the start of conservatorship in September 2008. Of these actions, 4,886,910 have helped troubled homeowners stay in their homes, including 2,440,966 permanent loan modifications.Initiated forbearance plans dropped to 179,644 in Q4 from 230,714 in Q3. The total number of loans in forbearance plans at the end of the quarter was 804,559, representing approximately 2.8% of the total loans serviced, and 69% of the total delinquent loans.According to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey, an estimated 2.5 million homeowners are now in forbearance plans as of March 14, 2021.In Q4, 14% of modifications were modifications with principal forbearance. Modifications with extend-term only accounted for 70% of all loan modifications during Q4. There were 823 completed short sales and deeds-in-lieu during Q4, bringing the total to 701,343 since GSE conservatorship began in September 2008.In Q4, the GSEs completed 362,089 home retention actions, compared to 538,527 in Q3, including 9,347 permanent loan mods; 7,199 repayment plans; 160,262 forbearance plans; 185,112 payment deferrals; and 169 charge-offs-in-lieu, helped delinquent borrowers stay in their homes during Q4.Black Knight recently reported that after eight consecutive months of improvement, the national mortgage delinquency rate rose slightly in February from 5.85% to 6.0%.The GSEs completed 9,347 loan mods in Q4, a decrease of 13% from Q3. Fannie Mae’s permanent loan modifications decreased 13% to 5,757 and Freddie Mac’s decreased 14% to 3,590 during Q4.Foreclosure starts decreased 7.0% to 6,302, while third-party and foreclosure sales increased 8.0% to 1,933 in Q4.The FHFA also reported that total refinance volume fell in Q4, but continued in record breaking territory with mortgage rates having decreased further in December, with the average interest rate on a 30-year fixed-rate mortgage (FRM) falling to 2.68% from 2.77% in November. According to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), the 30-year FRM is currently averaging 3.17%.As rates rise, are more Americans being shut out of their opportunity to refinance?Increasing rates are “leaving potential homebuyers with less purchasing power. Unfortunately, this has disproportionately affected the low end of the market, where supply is the slimmest,” Khater said. “During the course of the pandemic, ‘home’ has become more important than ever. As a result, strong purchase demand continues—but buyers also outnumber the sellers.”Click here to view the FHFA’s Q4 Foreclosure Prevention and Refinance Report. The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

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first_imgcsfotoimages/iStock(INDIANAPOLIS) — Adhering to social distancing rules amidst the coronavirus pandemic, hundreds of police officers wearing protective masks stood next to their squad cars lining the track at the Indianapolis Motor Speedway for a final salute to a fellow officer who was gunned down while responding to a domestic violence call.Indianapolis Metropolitan Police Officer Breann “Bre” Leath, 24, was described during the service by police chaplain Patricia Holman as a “beautiful flower picked way too soon.”During the Thursday service at the speedway, home to the Indianapolis 500 race, officers watched from a safe distance or tuned in to a livestream on their laptops and cellphones. Leath’s family, including her 3-year-old son, watched the service from several luxury suites to keep a safe distance apart.“She had a way of making you think, ‘You know what? I really can do better. I want more for myself,” one of Leath’s sisters, Tiana Leath, told the mourners. “I’m going to make you proud. Most definitely.”Choking back tears, she added that Leath’s son “will get so much love and kisses and tickles that you’re going to be jealous.”Leath, who joined the Indianapolis Metropolitan Police force in December 2017, was killed on April 9 when she and other officers responded to a domestic violence call at a residence. Authorities allege that suspect Elliahs Dorsey, 27, who has been charged with murder, opened fire through a closed door striking Leath.Speaking at the funeral, Indianapolis Police Chief Randal Taylor said Leath died while she “courageously stood her post, representing what’s best in society.”“By simply putting on the uniform she made the world a better place,” Taylor said.Indiana Gov. Eric Holcomb said Leath’s death is “a stinging reminder of the risk that those who wear the uniform face every day.”Following the funeral, motorcycle police led a black hearse carrying Leath’s casket on a procession that went past police headquarters and the department’s East District headquarters, where it stopped in front of Leath’s squad car as new police recruits saluted and commemorated the place Leath served her final watch call. Copyright © 2020, ABC Audio. All rights reserved.last_img read more

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first_imgMichelin star chef Michael Deane picked Avril Armstrong’s concoction in the Masterpiece sandwich competition run by Kingsmill, and will now arrange a private cookery experience for the prize winner and her five friends. Regional winners from the province took part in a Masterchef-style cook-off at Deane’s Restaurant in Belfast; each finalist took home a sandwich grill and a year’s supply of Kingsmill bread. A sandwich of smoked cheese, pesto, roasted peppers and onions with sundried tomatoes and rocket leaves has been named as the tastiest in Northern Ireland. center_img Kingsmill general manager Peter Henry said he was impressed by the finalists’ efforts. “Our search to find Northern Ireland’s best sandwich has been a huge success and has enabled us to interact with our customers and find out how they like to enjoy the Kingsmill brand,” he said.last_img read more

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first_imgSecretary Eduardo Año said the 11 were among the 43 local officials that will be made to explain why they failed to beat deadline for the distribution on May 10. “While the vast majority of local government units were able to distribute their SAP before the deadline leading to a national payout rate of 97 percent yesterday, may ilan pa rin na naiwan. The DILG and the public deserve to know why they failed to complete their distribution,” said Año. MANILA – Eleven mayors from Western Visayas will be issued show cause orders by the Department of Interior and Local Government (DILG) for their slow distribution of the emergency cash subsidy under the Social Amelioration Program (SAP). “Mabagal ang pagbibigay ng ayuda sa kani-kanilang mga constituents,” according to Año. “Meron pa tayong three percent na mga family beneficiaries hindi pa rin nakakatanggap as of Wednesday.”center_img Around 18 million low-income families were targeted to receive the SAP cash subsidy ranging from P5,000 to P8,000 for two months as mandated by the Bayanihan to Heal as One Act (Republic Act 11469)./PN The other mayors were from the MIMAROPA (eight), Central Visayas (five), Davao Region (four), National Capital Region (four), Ilocos Region (two), Cagayan Valley (two); CALABARZON (two), Eastern Visayas (two), Northern Mindanao (two), and Central Luzon (one).last_img read more

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first_imgArsene Wenger knows his Arsenal side now must be patient and that two wins from the final two games of the Barclays Premier League season is the minimum requirement in their quest to qualify for the Champions League. By the time Wenger’s team next take to the field – against Wigan on Tuesday week – their London rivals will have each played a game more and may be in significantly stronger positions in the all-London top-four fight heading into the final day of the season. Arsenal last lost to Tottenham on March 3 and took their unbeaten run to eight games with victory at QPR, secured by Theo Walcott’s fastest goal of the Premier League season after 20 seconds. And Wenger said: “It’s very tight and it’s down to the team who makes no mistake.” He added: “I love it because it’s a lot of tension and very exciting. It’s demanding as well, because it’s not easy. We definitely have momentum, if you look at the points we have made compared to two months ago. We are going for it. “Away from home recently, we’ve won everywhere – at Fulham, at Sunderland, at Swansea and at QPR. It was a derby which was difficult to win.” Chelsea’s clash with Spurs at Stamford Bridge on Wednesday could go some way to deciding the Gunners’ Champions League fate. “Of course I want a result that goes for us, but again, it’s not because I wish something that you will get the result,” Wenger added. “A long time ago we focused on us getting the maximum points. “We have nearly done that because we dropped two points against Everton and two points against Man United (both home draws). Apart from that, we’ve won every single game (since that defeat to Spurs in early March) and we have to continue to do that.” Walcott took his tally to 20 goals for the season for the first time with his strike in the opening attack of the match at Loftus Road. Wenger cannot recall as swift a goal for his side – it was Arsenal’s quickest in the top flight, surpassing Robin van Persie’s effort against Sunderland in October 2011 – but lamented the failure to add to the goal. “Unfortunately I waited for the second goal but it never came,” Wenger said. “Going forward we can do better.” center_img Press Associationlast_img read more

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first_img Get the Free eBook! Want to master cold calling? Download my free eBook! Many would have you believe that cold calling is dead, but the successful have no fear of the phone; they use it to outproduce their competitors. Download Now It’s not easy to manage your client’s expectations. They want to buy a better outcome; they don’t normally want to buy the pain that comes along with changing enough to obtain that better outcome.Here’s how you get into trouble.Leaving Out the Ugly PartsTo win, you have to sell that you can get a better outcome. But telling your client how difficult it is to get them that outcome doesn’t make them feel good about buying from you, especially when they have to do a large part of the heavy lifting.You know that some of your competitors will suggest that they can get a better outcome—and they won’t tell your dream client how difficult it will be to get them those outcomes. Some will even tell your prospect that they can get them the outcome they seek for an amount lower than they are currently investing.You know this is true. So you leave out the ugly parts, the parts where your dream client has to spend more, to change some of the ways they do business, or to change in some other way that is difficult for them.Enter the vicious cycle.The Vicious CycleYour dream clients want to believe the fairy tale that they can have everything they want if only they choose the right partner, preferably one with the lowest price. When they hear that they can have it all, they buy the lie, only to be disappointed. They try again, only to be let down again.Then you show up with the promises they’ve heard before. Any wonder they’re skeptical? Yet, they really want to believe; it would make everything easier.Without telling your dream client what they really need to do to get the outcomes they want, you become another failure in a long line of failed partnerships. So you try managing expectations after the fact.Believing you can win the opportunity and then unveil all that it will really take to produce results is a bad idea too. Managing expectations after the fact doesn’t help you build good client relationships, especially because you are sharing information that you knew or should have known. They sometimes regret not choosing your competitor, the one that didn’t tell them about what would really have to change to get the outcome they need.And now you were dishonest. It was a lie of omission.There Is Only One Way OutThe only way out is to tell the truth. You have to manage expectations from the start. But not to worry, many of your dream clients are ready for someone to speak the truth.No, they’re not going to jump for joy when you tell them they have to invest more or make sweeping and dramatic changes. But they are going to know that you are honest, and if you prove you care, they’re going to know that you will do what you promise, and you will help them get the results they need.The way you manage expectations is by being honest and upfront from the very beginning. You don’t make difficult outcomes sound easy, you discuss your constraints and your client’s, and you talk about the investments in time and effort it will take to both of you to succeed.QuestionsHow do you manage your client’s expectations?What is the problem with making bold, audacious, and inspiring promises without explaining what it will take to make those promises a reality?Should you tell your dream client what they want to hear in order to win the deal?How do you share the reality of your client’s constraints and still win their business?last_img read more

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first_imgIt’s Australia’s captaincy which can make spin legend Shane Warne come out of retirement, claims cricketer-turned-commentator Dean Jones.The 41-year-old Warne has been offered a million dollars to come out of retirement by a group of businessmen in Melbourne creating a media frenzy around his possible return after Australia lost the second Ashes Test to be 0-1 down in the five-match series.The flamboyant leg-spinner has remained mum on the issue.”Warnie, without doubt, no joke, could actually come back,” Jones told ‘3AW’ — a radio station.”He’s the Rolls-Royce. He can do anything he really wants in that regard. He just has to get himself fit.”Earlier, former Pakistan cricket skipper Imran Khan too had questioned his fitness saying, “I have not watched Warne bowl recently, but it can’t be easy to play Test cricket again.””It is okay to play one-dayers and even easier to bowl in Twenty20, where you have to bowl only four overs. But Test cricket is different where you have to last on the field over five days.”last_img read more

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first_img Mr. Gordon will succeed Mr. Ahmad Zia Mian. His appointment follows an extensive search conducted over several months. Mr. Albert C. Gordon is to assume duties as Director General of the OUR. Mr. Albert C. Gordon is to assume duties as Director General of the Office of Utilities Regulation, OUR, on Friday, November 01, 2013.His appointment follows an extensive search conducted over several months, with the post being advertised both locally and internationally. Thereafter, interviews were conducted and a nomination made by a five-member selection panel, chaired by Dr. the Hon. Carlton Davis. The panel was established by Prime Minister, the Most Honourable Portia Simpson Miller, and on whose subsequent recommendation to the Governor-General, Mr. Gordon has been appointed.Mr. Gordon, who has been serving as President of the National Water Commission (NWC) since 2011, holds a Master’s degree in Business Administration and a Bachelor’s degree in Electrical and Computer Engineering, both from the University of the West Indies. He has also undergone specialized training in areas of Energy Planning and Policy, Photovoltaics, Power Generation Systems, Development Planning and Water Utility Tariff Setting, among others, at a number of institutions, including the University of Pennsylvania and Harvard University in the United States of America. He previously served as Vice-President for Project Administration (2009- 2010) and for Corporate and Strategic Planning (1998-2004) at the NWC, and has undertaken a number of private consultancies in the electricity and water sectors, including for the OUR, over the period 2004-2008. He has also worked in various capacities at the Jamaica Public Service Company (JPSCo) from 1987 to 1998.Mr. Gordon will succeed Mr. Ahmad Zia Mian, who served as Director General of the OUR from 2009 to 2013, and Mr. Maurice Charvis, Deputy Director General, who has been serving as Director General in the interim. Story Highlightslast_img read more

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first_imgAPTN National NewsAboriginal Affairs Minister John Duncan doesn’t testify before the Aboriginal affairs committee very often, but when he does, committee members expect answers.Some are saying that the minister’s appearance this week was less than stellar.A minister’s appearance before committee is a time to show that he is on top of the issues and their department.Did Duncan show that this week.Everyone on APTN National News’ political panel was at that meeting.last_img

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