Delinquencies Hit Seasonal Uptick

first_img Tagged with: Delinquency About Author: Seth Welborn October 24, 2019 1,316 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save September saw a slight seasonal uptick in delinquencies, up by 2% from August, but according to the First Look at September mortgage performance data from Black Knight, the national delinquency rate was still down 11% from this time last year, reflecting on ongoing decline in delinquencies.The seasonal uptick means the total non-current inventory has increased by around 40,000, but that inventory is down 211,000 from last year. The lowest non-current rates, including delinquencies plus active foreclosures) can be found in Western states, including Colorado, Oregon, Washington, Idaho, and California. Additionally, Black Knight notes that the number of loans in active foreclosure continues to decline as well, while the active foreclosure inventory has fallen to its lowest level since late 2005. Prepayment activity (SMM) rose by 3% from August despite facing headwinds from the typical seasonal decline in home sale-related prepayments, and prepays are now up 121% from the same time last year as falling rates continue to spur refinance activity.As delinquencies have slipped in recent months, home prices have stayed relatively flat. In August, home price growth sat at 3.8%, after rising for the first time in 17 months in July. June’s annual home price growth rate of 3.7% was the smallest in almost seven years before trending upward. “It remains to be seen if this is merely a lull in what could be a reheating housing market, or a sign that low interest rates and stronger affordability may not be enough to muster another meaningful rise in home price growth across the U.S,” said Black Knight Data & Analytics President Ben Graboske. “That the strongest gains in—and strongest levels of—affordability were in August and early September could bode well for September/October housing numbers. As such, we’ll be keeping a close eye on the numbers coming out of the Black Knight Home Price Index over the coming months.”  Print This Post Previous: The Mortgage Customer Connection Next: Supreme Court Appoints Former Solicitor General to Defend CFPB Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Delinquencies Hit Seasonal Uptick The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Delinquency 2019-10-24 Seth Welborn 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. The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Delinquencies Hit Seasonal Uptick Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more


USC Athletics announces coronavirus precautions

first_imgUSC joins a select list of other collegiate athletic departments that have decided to restrict spectator attendance at home athletic events due to coronavirus concerns. UCLA’s athletic department announced similar protocols Tuesday. (Daily Trojan file photo) Spring football practices, which are scheduled to begin Wednesday, will also fall under these guidelines. Spring practices are traditionally open to fans for the entirety of the spring session, culminating in the annual Spring Showcase. The status of audiences allowed at the showcase remains the same for now. The event is still scheduled for April 11 at noon.   All fans who have purchased tickets to the impacted events have been referred to the USC Ticket Office for questions or concerns. Uncertainty remains for those who have already purchased single- and multi-game ticket packages for impacted games. The office was closed and did not answer calls for comment before publication. USC Women’s Tennis also announced Monday the cancellation of a women’s tennis matchup with North Carolina State scheduled for Friday. Harvard Men’s Volleyball announced Sunday that its three-game West Coast trip, which included visits to Malibu and Irvine along with a trip to USC Saturday, had been canceled.  USC Women’s Lacrosse announced in a statement earlier Tuesday afternoon it had reached a joint agreement with Stony Brook Women’s Lacrosse to cancel their scheduled Sunday contest in an abundance of caution.  Game and practice schedules remain mostly unchanged and all home USC athletic events are set to continue as planned. Games will be televised and streamed as scheduled on the Pac-12 Networks and USC’s official athletics website despite the absence of fans in attendance.   The University of Southern California issued a statement Tuesday evening announcing new attendance protocols for home athletic events in response to developments related to coronavirus. Three visiting teams had already announced the cancellation of scheduled contests in Los Angeles to play the Trojans.  Starting Wednesday and continuing through March 29, nonessential spectators will not be allowed to attend home USC athletic events. Those allowed to attend games include team personnel, game officials, families of student athletes, potential recruits and media. USC will continue all away travel for athletic events as originally scheduled and is prepared to make accommodations for team personnel who do not feel comfortable traveling to or participating in team activities.  None of the cancellation announcements have included plans for rescheduling the impacted games.  Despite there being no confirmed cases of coronavirus on the USC campus, athletics staff will continue to implement “enhanced cleaning measures and public hygiene practices” in campus athletic facilities, according to the statement.last_img read more


Etihad Airways to support Virgin Australia capital raising

first_imgGulf airline Etihad Airways has confirmed its continued support for Virgin Australia and will maintain its 21.8 per cent stake in the Australian carrier and a seat on its board.Etihad confirmed on Wednesday that its board had endorsed a proposal to take up its pro-rata entitlement in Virgin’s $852 million capital raising due to close at 5pm the same night.Estimates are that this will see it stump up as much as A$186m in cash.“Etihad Airways is a long-term strategic investor and commercial partner to Virgin Australia, and remains fully committed to the partnership as a shareholder.’’ the airline said in a statement announcing it was taking up its pro-rata entitlement in the non-renounceable offer at 21c per share.“As a result, the airline will retain its 21.8 per cent shareholding in Virgin Australia and its seat on the board of directors.“Our comprehensive 10-year commercial agreement, which runs until 2020, is further evidence of our confidence in and support for Virgin Australia, and our commitment to the airline and Australia.’’The capital raising, cost-cutting and fleet rationalisation at Virgin are part of a move to repair the airline’s balance sheet after an expensive restructure aimed at making it a serious competitor to Qantas.Shareholders Singapore Airlines, Virgin Group, HNA and Nanshan Group have committed to the raising.last_img read more


Bovine tuberculosis diagnosed in Indiana white-tailed deer

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Last week the Indiana Board of Animal Health announced the  diagnoses of bovine tuberculosis (TB) in a wild white-tailed deer in Franklin County, Indiana.Bovine tuberculosis (TB) has been diagnosed in a white-tailed deer in Franklin County, Ind. This marks the first time the disease (more formally known as Mycobacterium bovis) has been found in a wild animal in Indiana. This finding means significant changes in disease monitoring requirements for cattle owners and deer hunters in the area.The Indiana State Board of Animal Health (BOAH) has been working with the Indiana Department of Natural Resources (DNR) to test wildlife on a Franklin County cattle farm where TB was diagnosed in April. The 2-year-old doe that tested positive for TB was culled as part of the surveillance effort on the cattle farm.Under federal requirements, finding TB in a free-ranging wild animal means testing of all cattle must expand from 3 miles to 10 miles and surveillance in hunter-harvested deer will intensify.For cattle owners in Franklin County and portions of some adjoining counties, BOAH staff will be reaching out to determine if cattle in the 10-mile circle are test-eligible and, if so, schedule herd testing. BOAH’s premises registration program has approximately 400 farms registered in the 10-mile testing zone.For deer hunters in the region, that means whitetails harvested in a specific zone must be sampled for laboratory testing. DNR will be providing more information to hunters in the coming weeks.“This is an enormous undertaking that cannot be completed overnight,” said Bret D. Marsh, Indiana State Veterinarian. “Farmers and hunters in this area have been extremely cooperative and supportive of our efforts over the years. We need their help now more than ever as we widen our surveillance efforts. If this disease is out there — either on farms or in the wild — we need to find it. Our status as a TB-free state is critical to our growing and thriving cattle and dairy industries in this state.”Indiana has officially held a bovine tuberculosis-free status since 1984 with the U.S. Department of Agriculture. Under federal guidelines, that status remains. BOAH has found four individual cases of TB in three cattle herds and a cervid farm in this region between 2008 and 2016.Bovine tuberculosis is a chronic bacterial disease that affects primarily cattle, but can be transmitted to any warm-blooded animal. TB is difficult to diagnose through clinical signs alone. In the early stages of the disease, clinical signs are not visible. Later, signs may include: emaciation, lethargy, weakness, anorexia, low-grade fever and pneumonia with a chronic, moist cough. Lymph node enlargement may also be present. Cattle owners who notice these signs in their livestock should contact their private veterinarian.Hunters should take precautions to protect themselves, including wearing gloves when field dressing animals and fully cooking all meat. Deer can be infected without noticeable signs of disease, like the positive 2-year-old doe. Hunters who notice signs of TB in wildlife should contact the DNR at 812-334-3795. Hunters who see signs of bovine TB while processing wildlife should contact BOAH at: 317-544-2405.More information about the disease and the investigation, as it develops, will be available on the BOAH website at: www.in.gov/boah/2396.htm. Site visitors may subscribe to email updates about the current TB situation by visiting the webpage.​last_img read more


Consumers Find Mobile Web Disappointing, Slow to Load

first_imgRole of Mobile App Analytics In-App Engagement The Rise and Rise of Mobile Payment Technology Tags:#mobile#Trends#web Why IoT Apps are Eating Device Interfaces When encountering these slow loading sites, half of consumers reported that they were only willing to wait 6-10 seconds or less for the site to load. Longer than that, and they’ll give up, move on, and probably won’t ever return. Sixty-one percent said it’s unlikely that they would ever visit that site again from their mobile device while another forty percent said they would seek out a competitor’s site that provided a similar service. sarah perez No Mobile Web Presence is Bad for BusinessFor businesses who maintain a web presence, the survey’s findings highlight the potential consequences of ignoring the mobile web. There are more people surfing mobile sites than ever before – 56.9 million as of July, according to Nielsen. Companies who haven’t given consideration to their mobile websites aren’t just losing customers for that initial attempted transaction that goes bad – they’re possibly losing those customers for good seeing as how many of those frustrated users claim they won’t ever return to the site in question.    Although the survey sample size was relatively small (just 1001 total respondents) and the company behind this wants to sell web optimization services, the findings seem to be believable. Anyone who’s spent a good amount of time on the mobile web can assure you that it truly is in its infancy. So many sites are slow, aren’t optimized for viewing from mobile handsets, and it is frustrating when you encounter them. Hopefully, businesses will begin to realize that if they want to compete with the next generation of web surfers, a “web presence” alone isn’t enough. Today, you need a “mobile web presence” too. An independent study by Equation Research found that today’s consumers are disappointed with the performance of the mobile web. Despite the proliferation of smartphones with their full-featured web browsers, the majority of mobile web surfers have encountered issues with accessing websites via their handsets over the past year. The number one issue reported involves websites that are too slow to load, frustrating users to the point that over half said they would never return to the site in question.Mobile Web Disappoints The research study was commissioned by Gomez, Inc., a company that helps organizations optimize the performance of their web and mobile applications. Obviously, that means you have to take these findings with a grain of salt as the company clearly has a vested interest in making the mobile web sound worse off than actually is. That being said, in reading through the findings, you’ll probably find yourself agreeing with much of what’s being said. For example, the study found that the majority of mobile phone users said they expected sites to load as quickly, nearly as quickly, or even faster on their mobile phones as compared to their PC. While intellectually, most of us know that’s not going to be the case – broadband connections at home or work are generally much faster than accessing the web via a mobile handset – there’s still a feeling of wanting the phone to perform the way we’ve become accustomed to…that is to say, FAST. Waiting for a non-mobilized site to load up in the phone’s browser reminds us too much of the painful days of dial-up connections. It feels like we’ve regressed to an earlier time…like there’s something wrong with the site. While slow speeds were the number one complaint, with 73% reporting having issues in the past year, other complaints pointed to a lack of well-designed and stable mobile-ready sites. 51% percent complained of sites that crashed, froze, or received an error and another 48% reported the formatting of the site made it difficult to read. Clearly, there is overlap in these numbers as the survey respondents reported multiple complaints. Overall, though, 60% of mobile users reported having one or more issues accessing a site from their mobile phones. What it Takes to Build a Highly Secure FinTech … Related Posts last_img read more