Mortgage Delinquencies Experience Seasonal Rise in April

first_img in Daily Dose, Featured, Foreclosure, News Tagged with: Black Knight Financial Services First Look at Mortgage Data Foreclosure Inventory Foreclosure Starts Mortgage Delinquencies Mortgage Delinquencies Experience Seasonal Rise in April Black Knight Financial Services First Look at Mortgage Data Foreclosure Inventory Foreclosure Starts Mortgage Delinquencies 2015-05-22 Brian Honea 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 Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: DS News Webcast: Friday 5/22/2015 Next: Senate Banking Committee Approves Financial Regulatory Relief Bill While foreclosure starts have experienced a couple of seasonal increases in recent months, Black Knight Financial Services reported in its “First Look” at April 2015 mortgage data that it was delinquencies that ticked slightly upward to due seasonality.The Black Knight report released Friday revealed that delinquencies in April slightly increased by 1.46 percent, pushing the national rate up to 4.77 percent – still a low number by post-crisis standards. The 4.77 percent represented a total of 2.41 million single-family residential properties, while the increase of 1.46 percent represented a jump of about 35,000. Year-over-year, there was a decline of about 15 percent (about 406,000 properties) in the number of delinquent properties.Meanwhile, foreclosure inventory – the total number of mortgage loans in some state of foreclosure – continued its decline toward pre-crisis levels in April by falling 25.5 percent year-over-year down to 1.51 percent, about 764,000 properties. It is the lowest level for foreclosure inventory since January 2008 right at the beginning of the recession.Foreclosure starts totaled 73,500 for April, a decline of 22 percent from March and from 7 percent from April 2014. The monthly prepayment rate, which is generally a good indicator of refinance activity, were up by more than 60 percent year-over-year in April up to 1.39 percent despite a month-over-month decline of 14.5 percent.Foreclosure starts have totaled less than 100,000 every month since January 2014 but have largely been up and down from month-to-month in the last three years, according to Black Knight data. In January, they totaled 94,300; in February, the fell down to 79,700; in March, they rose back up to 94,100; and back down to 73,500 for April.Florida had the largest six-month rate of improvement for non-current loans among states in April with a 17.4 percent decline, according to Black Knight. Florida’s non-current loan rate of 8.40 percent for April was nearly two full percentage points ahead of the state with the second-largest six-month improvement (Illinois, which experienced a 15.14 percent decline down to 6.45 percent). Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily center_img May 22, 2015 1,504 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Demand Propels Home Prices Upward 2 days ago Related Articles Home / Daily Dose / Mortgage Delinquencies Experience Seasonal Rise in April The Best Markets For Residential Property Investors 2 days ago  Print This Post Subscribelast_img read more

Howard Dean supports aide’s new memoir with public appearances

first_imgLongtime aide Kate O’Connor’s new book, “Do The Impossible: My Crash Course on Presidential Politics Inside the Howard Dean Campaign,” is sparking headlines in her home state of Vermont – and a series of joint public appearances with the former candidate.O’Connor and Dean are scheduled to hold the first of a series of book appearances Friday, Jan. 20, at 6 p.m. at Manchester, Vt.’s Northshire Bookstore – an affiliate of the memoir’s publisher, Shires Press.The 482-page paperback offers an insider’s view of the unlikely juggernaut that captivated grassroots voters and confounded the Democratic political establishment in 2004. Starting with the bid’s humble beginnings, the day-to-day account chronicles the highs and lows as Dean and his staffers learn how to deal with the press, other politicians and the double-edged nature of popularity.Vermont’s Rutland Herald newspaper says: “For political junkies craving an inside look at the infamous dysfunctionality of the Dean campaign, O’Connor delivers.”The state’s Associated Press bureau adds: “The memoir provides a wealth of insight about the state of political coverage by the U.S. media in the early 21st century, a sense of the frenetic and exhausting pace of commuting daily from Vermont to far-flung cities around the country, the fact that presidential campaigns aren’t friendly to someone trying to keep a healthy diet, and, in the case of the infamous ‘Dean scream’ in Iowa, how things often appear different on TV than they did at the scene.”O’Connor served as an aide to Dean from his swearing-in as Vermont governor in 1991 to the last day of his presidential candidacy in 2004.last_img read more

Syntrus Achmea saga ends as furnishing sector scheme opts for TKP

first_imgThe €3.2bn pension fund for the furnishing sector (Wonen) plans to transfer its pensions administration from Syntrus Achmea Pensioenbeheer to TKP Pensioen.If the statement of intent is approved by its accountability body, Wonen will become the last of the 22 industry-wide pension funds to leave Syntrus Achmea since the administrator announced in November that its IT system could not cope with large sector schemes.Pieter Verhoog, chairman of Wonen, said his pension fund had opted for TKP because of its competitive offer, as well as the fact it already serviced the €19.4bn sector scheme for the retail (Detailhandel).“TKP has ample experience with many participants coming and going,” he said. Verhoog also praised TKP’s pension planner service for scheme participants. Wonen’s chairman also said that long-running discussions between employers and unions to merge pensions and collective labour agreements for the furnishing and retail sectors had also played a role in choosing TKP.Since 2014, two efforts to merge the two pension funds have failed because a funding difference could not be bridged.At June-end, the coverage ratio of Wonen was 102%, while funding of Detailhandel stood at 109%.Verhoog said that there were no new plans for a merger, but he added that this could change if new legislation enabled mandatory sector schemes to merge with ring-fenced assets. This could could happen as soon as next year.At year-end, Wonen had 29,000 active participants, 14,000 pensioners and 96,000 deferred members.Its pension assets will remain with Achmea Investment Management, after it extended the contract at the start of 2016.Last April, Wonen transferred its board support from Syntrus Achmea to Rosmalen-based provider ABB voor Pensioenfondsen.Wonen is the second industry-wide scheme that moved to TKP Pensioen. The €1.4bn pension fund for private security (Particuliere Beveiliging) took the same step in October.last_img read more

DR Congo FA President Arrested on Fraud Charges

first_imgHe said the four were “currently being heard” over the use of public funds in the organisation of matches in African competitions involving national sides as well as clubs.Alain Makengo, a lawyer for the four men, told AFP they are suspected of embezzling $1.0 million (800,000 euros) earmarked for four matches.Omari is also vice president of the Confederation of African Football (CAF) and a member of the executive committee of FIFA.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The Head of the Democratic Republic of Congo’s football association has been taken into custody as part of a probe into embezzlement, an investigating magistrate said on Wednesday.FECOFA President Constant Omari has been held along with Sports Ministry Secretary General Barthelemy Okito and two FECOFA vice presidents — Roger Bondembe and Theobad Binamungu — since Tuesday evening, the magistrate told AFP.last_img read more