Report Reflects a ‘Troubling Slowdown’ for Forbearance Improvement

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly,, Dallas Observer, Edible, and the Dallas Morning News, among others. Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Christina Hughes Babb Previous: Migration, Low Rates Make Homeownership Attainable Next: The Week Ahead: Webinars on Mortgage-Servicing Rights, Home Appraisals Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago January 8, 2021 1,340 Views The percentage of mortgage loans in forbearance programs dipped by -3%, or 92,000 actual loans, for the week ending January 5, according to a weekly report from Black Knight. That is the largest weekly drop since early November, Black Knight researchers say, adding that the decline was driven by the large volume of quarterly forbearance plan expirations at the end of December, many of which were reaching the 9-month mark.Despite the decline, Black Knight reported, “this week’s numbers reflect a troubling slowdown in the rate of improvement.””The 3% decline in the first week of January fell starkly short of the 9% we saw at the start of July, during the first quarterly wave of expirations,” the researchers noted. “And it pales in comparison to the 18% reduction in the first week of October when plans began to reach 6-month expirations.”While the monthly rate of decline has varied over the past seven months due to fluctuations in scheduled expiration activity, the report showed the population improved by an average rate of -1% month-over-month over the past 30 days. That’s down from -7.5% monthly on average from June through November.December marked the last significant wave of quarterly expirations before the first plans begin to reach their 12-month points at the end of March.”As such, it’s likely we’ll see only modest improvement in overall forbearance volumes between now and then,” Black Knight reported.Overall, as of January 5, 5.2% of all mortgages (2.74 million) are in forbearance. Together, they represent $547 billion in unpaid principal.All investor classes showed some improvement—FHA/VA forbearances fell 33,000 (-2.8%), a 32,000 decline among GSE-backed loans, a 27,000, or -3.9%, reduction of private-label securities or banks’ portfolio loans.About 3.3% of all GSE-backed loans and 9.3% of all FHA/VA loans are in forbearance plans. An additional 5.2% of loans in private-label securities or banks’ portfolios are also in forbearance.Forbearance plan starts fell again this week, Black Knight reported, “with both new starts and total starts hitting their lowest levels since the early stages of the pandemic, and restarts at their lowest since early October.”The report showed the largest weekly volume of forbearance removals, 146,000, since early November.Still, just 35% of loans in expiring plans were removed from forbearance in the first week of January as compared to more than 60% on average in the first week of each of the previous three months.”This decline in removals appears to be the largest contributing factor to the slowing rate of improvement in active forbearance plans,” Black Knight reported. 2021-01-08 Christina Hughes Babb Home / Daily Dose / Report Reflects a ‘Troubling Slowdown’ for Forbearance Improvement in Daily Dose, Featured, Market Studies, News Related Articles Report Reflects a ‘Troubling Slowdown’ for Forbearance Improvement Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Drinking costs firms dear

first_imgRelated posts:No related photos. Comments are closed. Previous Article Next Article Despite the massive cost of alcohol-related illness to business most arefailing to tackle the problemAlcohol-related illnesses are costing British businesses £2bn a year, yet 43per cent of firms do not have a workplace alcohol and drugs policy in place, areport has suggested. The research by the London Chamber of Commerce also estimated that 14million working days are being lost through alcohol-related illnesses, while 25per cent of workplace accidents are related to alcohol. Of particular concern was the increasing numbers of women developing drinkproblems, said the LCC. Piers Merchant, director of campaigns at the LCC, said firms needed todevise properly thought-out policies on how to tackle the problem. “As part of their overall approach, some companies might considermeasures such as a complete ban on drinking during working hours or randomalcohol or drugs tests,” he said. The LCC report also found that workplace problems often resulted from staffgetting drunk or taking drugs outside office hours. Workers were more likely toadmit to a drink problem if they felt it would be dealt with as a healthproblem. One in eight workers feared a random alcohol test would put them over thelimit. People with substance abuse problems were between two and eight timesmore likely to be absent from work for more than a week than other workers,said Merchant. Kevin Cairns, OH adviser manager at Marks & Spencer and a member of thesteering committee of the Nursing Council on Alcohol, agreed discipliningworkers with drink problems was not the answer. “OH has a vital part to play in early intervention even if it is justfor five minutes. But it needs to be treated as a health issue, not as adisciplinary one.” Drinking costs firms dearOn 1 Aug 2001 in Personnel Todaylast_img read more

Have the Ultimate Fourth of July Party with’s BBQ Playlist

first_imgFor theater nerds like us, there’s no better way to spend the summer than hanging out in the sun and rocking out to showtunes all day long—preferably in the pool. No Fourth of July barbecue is complete without a great playlist, so has created a lineup of fun, summery songs from Spring Awakening, Jersey Boys, Kinky Boots and more to fuel your celebration. Log in to Spotify to stream the songs below and have a great weekend! View Commentslast_img

Ag Hall of Fame

first_imgBy Chowning JohnsonUniversity of GeorgiaStephen J. Brannen and William L. Lanier Sr. were inducted intothe GeorgiaAgricultural Hall of Fame Sept. 17 at the University ofGeorgia in Athens, Ga.The two were honored during the UGA College of Agricultural andEnvironmental Sciences Agricultural Alumni Association dinner.Their portraits will be displayed in the CAES Activity Center onthe UGA campus in Athens.Since 1972, the CAES alumni have honored Georgians who havegreatly contributed to agriculture by inducting them into theGeorgia Agricultural Hall of Fame. This year’s event alsorecognized the alumni association’s 50th anniversary.Georgia Commissioner of Agriculture Tommy Irvin and Georgia FarmBureau President Wayne Dollar were also honored during the event.Steve BrannenBrannen earned bachelor’s and master’s degrees from UGA and aPh.D. in agricultural economics at North Carolina State. Hereturned to UGA as an assistant county agent. He became anExtension economist, farm management specialist and Extensioneconomics department head. In 1967, he received the agriculturalalumni outstanding teacher award.For more than 27 years, Brannen chaired the UGA division ofagricultural economics. Under his leadership, the division waspresented Farm Credit Banks of Columbia’s Medallion Award. Hereceived a special Georgia Farm Bureau award for hiscontributions to agricultural marketing.Brannen founded the Georgia Agribusiness Council and the GeorgiaSociety of Farm Managers and Appraisers. He published “FarmEconomic Briefs” and contributed to Georgia’s Farm Record Bookand the Farm Income Tax Guide.He was a consultant and advisor for the U.S. Department ofAgriculture, Coastal Plains Regional Commission, Opekasit Inc.,Commodity Credit Corporation, Financial Services Inc. and FarmCredit Banks of Columbia.Brannen is a member of Gamma Sigma Delta, AGHON, AmericanAgricultural Economics Association and International Associationfor Agricultural Economists. He is a charter member and formersecretary, treasurer and president of the Georgia Society of FarmManagers and Rural Appraisers.Bill LanierLanier grew up in Candler County, Ga. He graduated from AbrahamBaldwin Agricultural College and UGA with a bachelor’s degree inagronomy. He was twice named “Who’s Who Among Students inAmerican Universities and Colleges.”As a member of the Georgia Legislature, Lanier wrote more farmand consumer protection legislation than anyone else in Georgia’shistory. He chaired the House Agriculture Committee in 1954-1958and drafted many amendments and legislative acts that have helpedimprove Georgia’s agriculture.Lanier was appointed to the U.S. President’s Consumer AdvisorBoard.He served on advisory boards and in other roles for C&S NationalBank, Southern Boosters, Agriculture Public Relations Committee,Cotton Inc., Tobacco Stabilization Corporation, American FarmBureau, Altamaha-Georgia Southern Area Planning and DevelopmentCommission, Eterna Club, U.S./U.S.S.R. Exchange Team, Boy Scoutsof America, National Cotton Council, Pineland State Bank, CandlerCounty Hospital and the CAES Alumni Association.Lanier was awarded Man of the Year in Georgia Agriculture byProgressive Farmer Magazine. He earned many other honor,including “Mr. Baldwin,” “Georgia Tree Farmer of the Year,””Citizen of the Year” and “Conservation Man of the Year.”Irvin, DollarCAES dean and director Gale Buchanan presented engraved crystaloctagons to Irvin and Dollar to commemorate their distinguishedservice to Georgia agriculture.”Commissioner Irvin and President Dollar have not onlyorchestrated dollars to enhance our teaching, research andextension mission of the college, they have supported our statebudget and legislative requests,” Buchanan said. “And they haveworked behind the scenes to ensure that we remain a productiveland-grant institution.”Buchanan attributed the success of the CAES to the strongpartnership among the college, Farm Bureau and the Department ofAgriculture.Irvin and his wife Bernice fund the Tommy Irvin Scholarship.Through the Department of Agriculture and Georgia SeedDevelopment Commission, he also helped fund an eminent scholar inbiotechnology and seed development. He is already a member of theGeorgia Agricultural Hall of Fame.Through Dollar’s leadership, the Georgia Farm Bureau hassponsored and supported student activities such as Georgia 4-Hand many CAES events.(Chowning Johnson is a student writer with the University ofGeorgia College of Agricultural and Environmental Sciences.)last_img read more

Triathlon training at Pattana

first_imgGet some expert coaching at Pattana Golf Club & Resort’s Triathlon Weekend Training.Pattana Golf Club & Resort will hold a Triathlon Weekend Training weekend on June 23-24. Improve your skills in swimming, cycling and running by Coach Chang, a well-known Thailand triathlete who will share you the tips of each skill for triathlon.Attendants will also learn about the nutrition for athletes and how to prepare for a race. The fee is 4,500 Baht per person and includes accommodation, 1 breakfast, 1 lunch and 3 breaks. For further information or booking, call 038 318 999 ext. 11212 or 61015.last_img

Not Just a Preschool: Eastside Cooperative Preschool’s Commitment to Community

first_imgFacebook76Tweet0Pin0Submitted by Eastisde Cooperative PreschoolThe Eastside Cooperative Preschool, or ECP, has been a fixture in the Olympia community since 1962. With a commitment to quality early childhood education through play and social interactions, they provide a program that gives children a strong foundation on which to build a love for learning. We thrive when our community does, and the families who commit to the cooperative model receive so much more than a typical preschool.With a strong and integral relationship with South Puget Sound Community College, families involved in ECP also receive parenting support from a Parent Educator, which includes virtual discussions, monthly articles, and resources to aid every age and stage. ECP isn’t just a preschool, it’s a supportive community for children and their caregivers.The commitment to supporting families in their parenting journeys, and providing fun and imaginative play for children has not changed. Even as we face a tumultuous and changing landscape of virtual learning and social distancing, ECP continues to work tirelessly to solve problems, and maintain the community connection that makes ECP great.ECP’s board and membership have put in a lot of hours to solve the issues that arise in these uncertain times with a focus on supporting the needs of the community. Members of ECP have supported one another through virtual meet-ups, drive-by parades, and porch drop-and-dashes. They have also taken an unwavering stance on providing the financial stability that their Teachers depend on. These are some of the ways in which ECP continues to shine above the rest.In March we were all forced to participate in an educational experiment in remote learning with very mixed results.  We all know that a virtual classroom can not replace all the benefits of an in-person preschool experience.  But we have discovered that a virtual classroom can still meet several essential needs of our young children during this chaotic time.Children need relationships with warm and nurturing adults outside of their nuclear family. Students at ECP continue to benefit from loving, supportive relationships with their teachers, even if those relationships are virtual for the time being.  Children also need predictable rhythms and routines in order to feel safe and secure, particularly when they sense that their outside world is unstable.  Thus, participating in a virtual program with a predictable schedule and activities can provide stability for children during this tumultuous period in history. ECP is committed to nurturing children and meeting their needs despite the external circumstances that are outside of their immediate control.The feelings of isolation we struggle with grow every day as our physical proximity needs go unmet. This is precisely why finding support and creating community are so important – not just for our children, but for all of the exhausted and frazzled caregivers too.  ECP continues to think outside the box to ensure that its membership stays connected.  Parenting is an exceptionally hard job, and no one should have to do it alone.Technology-based programs open up a wealth of potential pitfalls, and will continue to create challenges for us to puzzle through, but with a deeply devoted membership, ECP continues to create a fun and engaging landscape for children and families amidst an array of underwhelming virtual learning platforms.On August 1, ECP will be holding a by-appointment Virtual Meet The Teacher Event to fill remaining spaces in their 2020-2021 class rosters.ECP’s Virtual Pilot Program will include:Teacher led Virtual Circle Times twice a weekYouTube videos from our TeachersMonthly activities and Parent check-insTeacher prepared supplies and Koala CratesParent Support from our SPSCC Parent EducatorGuaranteed spot for in-person instruction when a return to the classroom is feasibleTo sign up for a time slot, please contact their Membership Chair.last_img read more