Mortgage report shows modest gain despite 7.39 million troubled loans

Posted On Jan 1 2021 by

first_imgThe Mortgage Monitor report released today by Lender Processing Services, Inc. (NYSE: LPS), a leading provider of mortgage performance data and analytics, showed mixed results with the nation’s home loan market. Modest improvements in the number of loans curing to current and reductions in total new delinquencies are still overshadowed by a large pool (7.39 million) of non-current and REO loans. The report is based on data as of March 2010 month-end. Vermont ranked among states with the fewest troubled loans.Several of the nation’s largest states by population, including Florida, Nevada, New Jersey, Arizona, California, Illinois, Indianaand Ohio showed foreclosure inventories at a higher percentage than the average national foreclosure rate of 3.27 percent. Overall, the number of non-current loans across the nation has declined over the past six months, but 16 states showed an increase in the number of non-current loans. Total delinquencies, excluding foreclosures, decreased 10.3 percent from February to March 2010, however, the total represents a year-over-year increase of 15.7 percent. Similarly, March’s foreclosure rate stands at 3.27 percent, representing a month-over-month decrease of 1.2 percent but a year-over-year increase of 32.9 percent. The number of loans moving from seriously delinquent into foreclosure rose in March, after hitting historic lows in February.The impact from the federal government’s Home Affordable Modification Program (HAMP) is evident in the improved level of loan cure rates as trial modifications are converted to official loan modifications. Elevated levels of early-stage cures (loans 30-  to 60-days delinquent) indicate a higher rate of self-cures.Other key results from LPS’ latest Mortgage Monitor report include:Total U.S. loan delinquency rate:9.12 percentTotal U.S. foreclosure inventory rate:3.27 percentTotal U.S. non-current* loan rate:12.39 percentStates with most non-current* loans:Florida, Nevada, Mississippi, Arizona, Georgia, California, Illinois, Rhode Island, New Jersey and MichiganStates with fewest non-current* loans:North Dakota, South Dakota, Alaska, Wyoming, Montana, Nebraska, Vermont, Colorado, Iowa and Minnesota*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.Note: Totals based on LPS Applied Analytics’ loan-level database of mortgage assets.LPS manages the nation’s leading repository of loan-level residential mortgage data and performance information from approximately 40 million loans across the spectrum of credit products. The company’s research experts carefully analyze this data to produce dozens of charts and graphs that reflect trend and point-in-time observations for LPS’ monthly Mortgage Monitor Report.To review the full report, listen to a presentation of the report or access an executive summary, visithttp://www.lpsvcs.com/NEWSROOM/INDUSTRYDATA/Pages/default.aspx(link is external).About Lender Processing ServicesLender Processing Services, Inc. (LPS) is a leading provider of integrated technology and services to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, workflow automation (Desktop), portfolio retention and default, augmented by the company’s award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages by dollar volume are serviced using LPS’ Mortgage Servicing Package (MSP). LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, visit www.lpsvcs.com(link is external).SOURCE Lender Processing Services, Inc. 4.29.2010. JACKSONVILLE, Fla., /PRNewswire-FirstCall/last_img read more


9 months agoBournemouth fullback Clyne: I didn’t intend to hurt Warnock

Posted On Oct 28 2019 by

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Bournemouth fullback Clyne: I didn’t intend to hurt Warnockby Paul Vegas9 months agoSend to a friendShare the loveBournemouth fullback Nathaniel Clyne insists he didn’t seek to insult Cardiff City boss Neil Warnock when leaving Liverpool for Dean Court.The 70-year-old Warnock branded Liverpool a ‘disgrace’ and said they lacked class, while he was unhappy not to receive a phone call from the player.”My intention wasn’t to hurt anyone. It’s down to footballing reasons,” said Clyne as he explained his decision at a Bournemouth press conference.”Me and Neil Warnock have a good relationship.”I enjoyed working with him at Crystal Palace and I have a lot of respect for the man.” last_img read more


21 days ago​Man Utd fullback Dalot slams AZ Alkmaar pitch

Posted On Oct 28 2019 by

first_imgAbout the authorFreddie TaylorShare the loveHave your say ​Man Utd fullback Dalot slams AZ Alkmaar pitchby Freddie Taylor21 days agoSend to a friendShare the loveManchester United full back Diogo Dalot was less than impressed with the state of the pitch against AZ Alkmaar.United had to endure a poor quality artificial turf in their Europa League group stages game on Thursday.They emerged with a 0-0 draw, and Dalot spoke about the condition of the pitch after the game.”It’s a lot easier for them because they’re used to playing on these types of pitches,” Dalot told MUTV.”We’re Man United though and we need to be ready for any challenge and we don’t use that as an excuse but it is of course a difficulty that we need to get through.”I think we did OK today and we defended well and we kept the clean sheet and that’s important.”We trained well yesterday on this pitch. Today we tried to do our best and we did a good job and we created chances as well.”If we’d have scored some more goals as well… but like I said, at the end we need to keep the positives, look to what we did bad and improve that.” last_img read more


Ranking The Top 15 Active Coaches In College Football

Posted On Oct 27 2019 by

first_imgTuesday morning’s edition of SportsCenter brought up the “Who is the best active coach in sports?” discussion. ESPN college basketball analyst had an Ohio State-themed answer.  Screen Shot 2015-02-10 at 12.53.12 PMAre Meyer and Saban clearly the top 2 coaches in CFB?With college football’s recruiting season over and the offseason in full effect, we thought this would be a decent time to talk about the “best coach” topic, but limit it strictly to the collegiate gridiron.     Who is the best active coach in college football?              Is it now Urban Meyer, following his national championship at Ohio State with his third-string quarterback? Or is it still Nick Saban, whose Alabama dynasty likely won’t be falling any time soon. Is there an argument to be made for someone else? While Meyer and Saban are almost unanimously thought of as the top two coaches in the country, in some order, it’s tough ranking the coaches after them. Who’s No. 3? No. 4? No. 5? There are probably 10 coaches who have resumes worthy of those spots. Taking into account their championships, overall record, player development ability, recruiting prowess and more, we’ve decided to rank the top active coaches in the sport. Presenting College Spun’s ranking of the top 15 active coaches in college football. Start with No. 15 – Virginia Tech’s Frank Beamer >>>Pages: Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16last_img read more


Florida State “Garnet Skies” Hype Video Will Get Fans Pumped For The 2015 Campaign

Posted On Oct 27 2019 by

first_imgFlorida State's logo on a wall in its facility.Over the past three years, Florida State has compiled a record of 39-3, won three ACC titles, qualified for a College Football Playoff, and won a national championship. But as we enter the 2015 campaign, FSU certainly has its doubters. Many believe that Clemson is now the team to beat in-conference, and that the Seminoles might be a big “overrated” in the rankings.A Florida State fan who goes by Covas131 (we’ve written about him before) produced an amazing three-minute hype video to celebrate the upcoming season. It’s titled “Garnet Skies.” It’s a very high-quality clip.FSU opens with Texas State on Saturday, September 5.last_img read more


Jamaica Moves Toward Becoming a Digital Economy – PM Holness

Posted On Oct 24 2019 by

first_img The Government of Jamaica is taking steps to transform the Jamaican economy into a digital economy.Speaking this morning (June 21), at the 9th Annual Mona School of Business Management (MSBM) Roundtable CEO Breakfast Forum at the Mona Visitors Lodge, Prime Minister Andrew Holness underscored that the Government has taken several steps and will now see the results.“The government is taking the very first step towards preparing and creating the opportunities for Jamaicans to participate in this inevitable, imminent digital society. We have passed a legislation to create a national identification system. That is a good example of digital leadership; the determination, the effort, the energy to get it done, inspite of,” said Prime Minister Holness.In his address, the Prime Minister pointed out that the Government will create the environment that every Jamaican citizen can participate in the digital world.“The government has to ensure that every citizen can transact in a digital society and the transaction has to be secure, we have to ensure security and integrity. We have to ensure transparency and to do that, you also have to ensure identity,” stated Prime Minister Holness.The Prime Minister noted that Jamaica must build significant platforms to get to a fully digitized space that is transparent and secure.“The new thinking has to be, how do we build institutions to protect the knowledge that we will have of our citizens, because I want you to consider that within your firms, you are all using software either by google, apple, Microsoft and every day you are giving your private information,” stated Mr. HolnessThe Government has secured a $64 million-dollar loan from the International Development Bank (IDB), a sum of which will be used to establish a platform for all data that will be digitized.“Only a very small portion is for the National Identification System (NIDS), the larger portion of the loan is to establish the digital platform to put in place the servers, the networks, the cloud services to enable us to place all that data that we are converting digitally, to put it at the disposal of Government and the public,” said Prime Minister Holness.In the meantime, Prime Minister Holness noted the Government’s commitment to embracing new technologies and strategically ensure that Jamaica has a better place in the future. Story Highlights “The government is taking the very first step towards preparing and creating the opportunities for Jamaicans to participate in this inevitable, imminent digital society. We have passed a legislation to create a national identification system. That is a good example of digital leadership; the determination, the effort, the energy to get it done, inspite of,” said Prime Minister Holness. The Government of Jamaica is taking steps to transform the Jamaican economy into a digital economy. Speaking this morning (June 21), at the 9th Annual Mona School of Business Management (MSBM) Roundtable CEO Breakfast Forum at the Mona Visitors Lodge, Prime Minister Andrew Holness underscored that the Government has taken several steps and will now see the results.last_img read more


Bank of Canada head underlines potential of Quebec child care for entire

Posted On Oct 13 2019 by

first_imgOTTAWA – The head of the Bank of Canada is pointing to Quebec’s child-care policies as possible tools to boost the entire Canadian economy, thanks to their potential to unlock the greatest untapped resource in the labour force: women.Bank governor Stephen Poloz dedicated part of a speech Tuesday in Kingston, Ont., to spotlight Quebec’s affordable child-care model as well as its extended parental-leave provisions.He showed he’s put some thought into the possible benefits of a comparable pan-Canadian approach.Poloz credited the province’s subsidized programs for raising prime-age female workforce participation to about 87 per cent, up from 74 per cent 20 years ago. In comparison, he said about 83 per cent of prime-age women participate in the national workforce.“The provincial government identified barriers that were keeping women out of the workforce and they acted to reduce them,” Poloz said in his address at Queen’s University.“If we could simply bring the participation rate of prime-age women in the rest of Canada up to the level that they have in Quebec, that would add almost 300,000 people to our country’s workforce.”Poloz added that the central bank has no role in implementing specific policies designed to break down labour-force obstacles. Governments, not the bank, are responsible for such policies.He noted the federal government’s budget last month made commitments aimed at increasing the labour-force participation of women.Finance Minister Bill Morneau’s budget announced an option that will give new parents the ability to share either five or eight additional weeks of leave following the birth of a child, provided they also share the job of caring for the baby. The measure is expected to cost $1.2 billion over five years.However, some economists and critics have said while the budget moved in the right direction when it comes to raising female labour-force participation, its failure to announce steps towards national affordable child care likely means a significant number of women will remain out of the workforce.The Liberal government made promises in previous budgets to spend $7.5 billion over 11 years to help ease the burden of child-care costs. Part of the goal of the funding was to create 40,000 new, subsidized daycare spaces countrywide over three years.But child-care advocates have said it’s not enough. Before the budget, they asked Ottawa to raise its spending to $1 billion annually to match what the Paul Martin Liberals promised more than 10 years ago.In his address, Poloz pointed to other under-represented demographic groups that could help the economy. He said encouraging more of these people into the workforce would enable Canada to permanently raise its growth capacity without generating higher inflation.Combined with women, he said assisting more young people, Indigenous peoples, recent immigrants and Canadians living with disabilities to enter the job market could help the labour force expand by half a million people. By his estimate, that kind of workforce injection could raise the country’s output by $30 billion per year or 1.5 per cent.“That’s equal to a permanent increase in output of almost $1,000 per Canadian every year, and that’s even before you factor in the possible investment and productivity gains that would come with such an increase in labour supply,” he said.“Clearly, that’s a prize worth pursuing.”When it comes to the potential of Quebec-style child care, a 2012 academic study on the provincial system estimated it had allowed 70,000 more mothers with children under the age of 14 to hold jobs in 2008 than would have otherwise been the case. The estimated four-per-cent increase in the province’s female labour force gave the provincial economy a 1.7 per cent boost.Internal federal analyses, previously obtained by The Canadian Press under the access to information law, have suggested a similar effect could be had nationally, particularly during a period of strong economic growth that would increase labour demand.New Democrat Leader Jagmeet Singh weighed in on Poloz’s remarks.“The cost of child care traps many parents in a financial straitjacket,” Singh said in a statement Tuesday to The Canadian Press. “Parents are forced to choose between giving up a source of income or paying as much as $2,000 a month for child care.”Singh said the government has chosen a “timid” approach that is not universal, fails to lower costs significantly and delays funding ten years down the line.Follow @AndyBlatchford on Twitter— with a file from Jordan Presslast_img read more


Regulators report unlikely to settle Trans Mountain pipeline expansion battle

Posted On Oct 13 2019 by

first_imgThe group had asked the board to apply the same standard to the project as it did with the cancelled Energy East pipeline before it submits its final report to the federal government.But the federal regulator said Stand.earth’s proposal missed its deadlines and repeated requests made by several other parties that had already been denied.Meantime, cabinet is under immense pressure to decide the fate of the pipeline before the federal election in the fall.There is also pressure to get the expansion built because Ottawa bought the existing pipeline from Kinder Morgan for $4.5 billion last August, after political opposition to the expansion left the company’s shareholders reluctant to proceed. Vanessa Adams, spokeswoman for Sohi, wouldn’t comment on Thursday on whether a cabinet ruling could be delayed.But she said in an email the federal government wants to “achieve the required public trust” to help move resources to market by first addressing environmental, Indigenous and local concerns.She said a 60-member consultation team in British Columbia and Alberta has met with more than 85 of 117 Indigenous groups impacted by TMX and more meetings are taking place daily.On Tuesday, the NEB rejected a motion by Stand.earth filed on Jan. 21 demanding it add consideration of the project’s upstream and downstream greenhouse gas emissions to its review of marine shipping issues. CALGARY, A.B. – An environmental group that tried to widen the scope of the National Energy Board’s reconsideration of the Trans Mountain pipeline expansion says it fully expects the board to endorse the project again in its ruling today.“I think the NEB has a long record of siding with industry over communities and other concerns … so we have every expectation that they’re going to recommend the project go ahead despite the serious problems with it,” said Sven Biggs, climate campaigner for Stand.earth, a Vancouver environmental group formerly called ForestEthics.Opponents of the project are already planning their response, which will include legal challenges, he said on Thursday.center_img “It’s likely there are going to be more lawsuits and more delays because of them, and if the cabinet decides to go ahead and restart construction, you’ll see protests in the streets and along the pipeline route,” he said.The federal regulator is scheduled to release its recommendations today but the restart of construction of the controversial crude conduit from Edmonton to Burnaby, B.C., still faces hurdles.The NEB’s 2016 approval of the project was set aside last summer by the Federal Court of Appeal which found that the regulator had not properly considered how southern resident killer whales would be affected by additional tanker traffic because of the increase in crude oil flows.The court also found there was insufficient consultation by the federal government with Indigenous communities.In response, Ottawa ordered the NEB to reopen its review process to fill in the gap on marine life and Natural Resources Minister Amarjeet Sohi ordered a new round of consultations with affected Indigenous groups.The NEB report’s delivery will start the clock on a 90-day deadline for cabinet to decide whether the project should proceed, but officials in Sohi’s office have said a final decision won’t be made until consultations are complete, which means delays are possible.last_img read more


SC refuses to stay 10 quota next hearing on March 28

Posted On Oct 12 2019 by

first_imgNew Delhi: The Supreme Court on Monday said it is not in favour of passing an order at this stage to refer the issue of 10 per cent quota for economically weaker sections across all classes to a Constitution bench.A bench, headed by Chief Justice Ranjan Gogoi, said it will hear the plea on March 28 and will consider whether the matter is required to be referred to a Constitution bench. The bench, also comprising Justices Deepak Gupta and Sanjiv Khanna, asked senior advocate Rajeev Dhavan, who was appearing for the petitioner, to file a short note of the points which they have raised in their application. Also Read – How a psychopath killer hid behind the mask of a devout laity!The apex court had earlier refused to stay the Centre’s decision to grant 10 per cent quota in jobs and admissions to poor candidates in the general category. However, the court had agreed to examine the validity of the law and issued a notice to the Centre on the plea filed by businessman and Congress supporter Tehseen Poonawalla. Dhavan, appearing for Poonawalla, had told the bench that his only grievance at this stage was that this quota should not breach the ceiling of 50 per cent as mandated by the apex court. Also Read – Encounter under way in Pulwama, militant killedThe top court had earlier issued a notice to the Centre on similar petitions and ordered tagging of the fresh plea of Poonawalla with pending ones. Petitions have been filed by parties, including ‘Janhit Abhiyan’ and NGO ‘Youth For Equality’, challenging the Centre’s decision. The petition, filed by Youth For Equality through its president Kaushal Kant Mishra, has sought the quashing of the Constitution (103 Amendment) Act, 2019, saying economic criterion cannot be the sole basis for reservation. It said the bill violates the basic feature of the Constitution as reservation on economic grounds cannot be limited to the general category and the overall 50 per cent ceiling limit cannot be breached. In the present form, the upper limit of quota goes up to 60 per cent which violates the decisions of the apex court, the plea claimed. Referring to the nine-judge bench decision of the apex court in the landmark 1992 Indira Sawhney case, the petition said the latest amendment completely violated the Constitutional norm that economic criterion cannot be the only basis of reservation. It also said the amendments fail to consider that articles 14 and 16 form the basic feature of equality, and that they have been violated with the doing away of the restraints that were imposed on the reservation policy, that is the 50 per cent ceiling limit and the exclusion of economic status as a sole criterion.The plea filed by businessman Poonawalla had sought quashing of the Constitution (103 Amendment) Bill, 2019, saying that backwardness for the purpose of reservation cannot be defined by “economic status alone”. The top court had earlier refused to stay the Modi government’s decision to grant the reservation but agreed to examine the validity of the constitutional amendment which paved the way for this quota. In poll year, the Modi government has come out with the constitutional amendment bill giving quota benefits to the poor among general category candidates. The Lok Sabha and the Rajya Sabha cleared the bill on January 8 and 9 respectively, and has been signed by President Ram Nath Kovind. The quota will be over and above the existing 50 per cent reservation to SCs, STs and Other Backward Classes (OBCs).last_img read more


Coconut More than just a fruit

Posted On Oct 12 2019 by

first_imgWhat is that one fruit/vegetable which comes to your mind, when someone utters the word ‘mutli-purpose’? Is it ‘coconut’, because yes it is that fruit which can probably fit in all shoes and solve different purposes.Majorly grown in tropical regions, you can witness its presence almost everywhere, in every house and resort you see. Therefore, it won’t be wrong to say that the lives of people there kind of revolves around coconut. From the food, they eat to the beverages they drink. Household utensils, baskets, cooking oil, furniture, and cosmetics all come from the coconut tree. Also Read – An income drop can harm brainTo put it in simple words, there are as many coconut trees present in that region, which even is not the count of members in a family. Coconut as foodThough there might be many spices or ingredients in a dish that keeps it intact, there are a few which are meant to stand out, and sometimes be the ‘core’ ingredient for a recipe itself. Unlike coriander or salt, which just enhance the taste of our food, there is an ingredient called ‘coconut’, which not only compliments its co-existing elements in a dish if needed, but also can take up the lead role. Also Read – Shallu Jindal honoured with Mahatma AwardMajorly used in the South region, coconut is known to be the ‘hero’ ingredient of any dish. Let us see what all can we cook, to please our taste buds with coconut: Coconut rice: If you have ever had a trip to the Southern region of India, or you frequently visit a South Indian restaurant, you might have tried this cuisine at least once. Subtle in taste, crunchy in texture – this is the most common dish in South Indian households. Coconut chutney: Often had with Idly and Vada, this is a cuisinyou probably might have not missed by now, but if you have then please eat it right away. Coconut ladoo: Like you eat those yellow big ladoos, coconut replaces besan and motichoor in South India. Being used in prayers, to distribute when sharing good news – this dessert is the most favourite one of people living in that region. Coconut muffins: Just like everyone giving a contemporary twist to old ingredients, even coconut got a makeover when infused in a muffin. Before thinking of how it tastes, just go for it and discover yourself. Coconut curry: As we Indians are very fond of making a curry out of everything, coconut even is no exception. So apart from all the different uses of this fruit, it is also made as a very basic curry served with rice. I am sure it might not taste like rajma or butter chicken, but it is a delicious meal to try. Coconut milk: Not that common in North Indian households, but yes this highly nutritious type of milk also exists.Coconut as water How many times have you been ill, and been asked to drink coconut water? So, it is a very commonly found beverage even on the streets of North India. It has a long list of benefits and a very refreshing taste. People say it is best to fight dehydration. And, apart from its very basic nature, it can also be amalgamated with different things and transformed into a cocktail or mocktail. I am sure such drinks are being served in South Indian bars playing Rajnikanth music, have you been there?Coconut as oil Not only does it taste well when used in food, or gives a refreshing after taste when sipped with straw – experts say that coconut ‘oil’ benefits are healthier than that of mustard oil, and also helps to digest food faster. Among the health and other benefits of the oil, aids you in managing your weight, supports your immune system health, promotes a healthy metabolism, keeps your skin healthy and youthful-looking supports proper functioning of your thyroid gland. Changing food habits have led to many benefit health problems. According to experts, coconut oil can help avoid such complications. Also, coconut oil is beneficial as an immediate source of energy, and is light on the liver as well. It is considered very healthy due to the high fiber and nutritional contents. Also, it has anti-microbial properties, which help prevent indigestion. Helps fight diabetes, manage and balance blood sugar, and is effective for eliminating cravings. Nourishing for the brain improves cognitive function, and stalls or even reverses neurodegenerative diseases in their early stages, such as Alzheimer’s disease. Also, it reduces the risk of heart disease. Apart from the health benefits, coconut oil is also a perfect moisturiser, makeup remover, massage oil, deep hair conditioner, bug repellent, sunscreen, and great for wrinkles and aged skin. For medical purposes, it helps in healing antidote for burns, scrapes, cuts, eczema, psoriasis, and dermatitis.last_img read more