How Mortgage Default Rates Are Trending Print This Post Tagged with: default The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Subscribe December 17, 2019 2,781 Views Previous: Low-End Rentals Propping Up Investment Growth Next: Wells Fargo Commits $10M to Philadelphia Home / Daily Dose / How Mortgage Default Rates Are Trending in Daily Dose, Featured, Market Studies, News The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago default 2019-12-17 Seth Welborn The Week Ahead: Nearing the Forbearance Exit 2 days ago While first mortgage default stayed the same overall in November 2019, the most recent S&P/Experian Consumer Credit Default Indices revealed that default increased year over year, from 0.64% in November 2018 to 0.77% in November 2019.Four of the five major metropolitan statistical areas showed higher default rates compared to the previous month. Miami showed the largest increase, up 22 basis points to 1.53%. The default rate for Los Angeles rose 12 basis points to 0.77%, while the rate for New York climbed seven basis points to 1.14%. The level for Dallas rose four basis points to 1.01%, while the rate for Chicago was three basis points lower at 1.14%.The composite default rate, composed of first mortgage, bank card, and auto loan defaults, rose one basis point in November 2019 from 0.93% to 0.94%, and up year over year from 0.83%.The previous release from S&P/Experian Consumer Credit Default Indices saw default rates rise for first time mortgages rose for the third month in a row.Despite October’s rise in mortgage defaults, the indices shows that the composite rate was unchanged at 0.93%, as other forms of credit fell that month. The bank card default rate fell 44 basis points to 2.88%. The auto loan default rate was down two basis points to 1.03%, and the first mortgage default rate increased four basis points to 0.77%.In an effort to further reduce future defaults on FHA-insured mortgages, the Federal Housing Administration (FHA) has signaled that it may tighten credit, noting that the debt-to-income (DTI) ratio for FHA-insured loans has been consistently increasing for six years. In a new report, Urban Institute examined how important DTI ratios in predicting a borrower’s ability to make on-time mortgage payments, and how debt burden impacts ability to repay FHA mortgages.According to Urban, DTI ratios are much less significant predictors of loan performance than FICO scores and that many high-DTI loans have strong FICO scores. Additionally, Urban’s analysis found that higher-DTI loans do not always have higher serious delinquency rates, and 5.6% of loans with DTI ratios ranging from 0 to 35% have been seriously delinquent at 60 months of age, compared with 7.6% of loans with DTI ratios of 35–45. But for loans with DTI ratios greater than 50, the D90+ rate at 60 months is 6.9%, lower than those with DTI ratios of 35–45. Data Provider Black Knight to Acquire Top of Mind 2 days ago
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The 30-year-old posted a picture on social media from his hospital bed to say the surgery had gone well and he will now begin a rehabilitation process. Valencia was kicked on the foot during the first half of United’s goalless draw against Manchester City on October 25 but played on until late in the game before being replaced by Matteo Darmian. The Ecuador international had just ousted summer arrival Darmian as Louis van Gaal’s first-choice right-back but now faces an unspecified time on the sidelines having gone under the knife. “#mufc can confirm @Anto_V25 has had an operation on his foot,” the club posted on their official Twitter feed. Valencia then followed up with a picture of himself just after the procedure. “Thank God came out well from the operation. Now think about my recovery,” he wrote. In Valencia’s absence, both Darmian and Ashley Young have started two games apiece at right-back as Van Gaal’s Red Devils continue to boast the best defensive record in the Barclays Premier League. Saturday’s 2-0 win over West Brom was enough to see United close to within two points of the top of the table heading into the international break. Valencia joins fellow full-back Luke Shaw on the injured list, with the England international sidelined for the coming months after suffering a double leg-break during United’s 2-1 Champions League defeat at PSV Eindhoven in September. Press Association Manchester United winger Antonio Valencia has undergone an operation on a foot injury he suffered in last month’s derby, the club have confirmed.
MASON CITY — With another snow event, cities and counties are starting to look at their snow budget numbers.Mayor Bill Schickel, during today’s “Ask the Mayor” program on KGLO, said Mason City has used about three-quarters of what was budgeted for this fiscal year. “We’ve used quite a bit of our snow budget so far, better than 70%, but like I mentioned before, spring is right around the corner.”Schickel says it’s always tough to figure out the right number to budget for snow removal. “We use historical data on this. There’s really no good way to predict exactly how much for example salt we’ll have to put out…we’ve put out about 800 tons so far. Same thing with sand, we’ve put out about 2400 tons of sand. Along with the manpower, the workforce that we need to put in operation to keep the streets safe and clear. It’s a priority and we’ll make sure it gets done.”Schickel praises the efforts of the city’s snow removal crews. “I’m very proud of our crews. You know I have a chance to travel to other communities, and when I come back to Mason City, I’m usually very impressed with what good shape the streets are in, especially compared to some other communities.”You can hear more of Schickel’s comments from today’s “Ask the Mayor” program via the audio player below
Jazz maestro Themba Mkhize’s band will pay tribute to South Africa’s late music icons. Zulu Boy is hoping to find artists to collaborate with in France. Da Les’s crew Jozi takes its “energy and swagger” to the Midem festival in France. (Images: Bongani Nkosi) MEDIA CONTACTS • Mack Lewele Communications Director Department of Arts and Culture +27 (12) 441 3084 or +27 82 450 5076 [email protected] RELATED ARTICLES • South African music • African music goes digital • Awards honour SA musicians • The White Zulu on stage in SA • Mambazo win their third Grammy • SA musicians sing for peaceBongani NkosiZulu Boy, a South African rap artist, has hatched his own style of music and for that he’s being sent to Cannes, France, with other hot local talent to represent the country.The rapper, whose real name is Mgingqeni Majozi, will be part of a culturally diverse group of performers who will participate in the 2010 Marché International du Disque et de l’Edition Musicale (Midem) that runs from 24 to 27 January.The event, which has been staged in France since 1966, is the world’s largest music industry trade fair and enables musicians from across the globe to meet face-to-face to network, analyse trends and build partnerships. South Africa is the 2010 Midem country of honour.Zulu Boy was chosen for his unique sound, which fuses Maskandi – a Zulu music genre – and hip hop. These were both types of music that the lad from eNtuzuma, in KwaZulu-Natal province, grew up listening to, so he’s combined the names and called his creation Skandi Hop.“My audience in France will listen to a type of hip hop that they have never heard before,” said Zulu Boy. “I know the overseas market is willing to learn about different cultures and music.”With such a creative blend of influences, Zulu Boy is no typical rap artist. Instead of urban boom bap hip hop beats and rehashed sounds, he introduces the string guitar and lyrics rapped in his mother tongue, isiZulu, and in some songs he fuses this with English.“My music has identity. We are Africans and we have to sound African,” he said.The artist, who’s signed with traditional music label Native Rhythms, promises to deliver an explosive performance in Cannes with a live band. His repertoire will include songs from his second album Inqolobane, released in 2008, and his latest offering, Igoda.He sees going to France as a chance to “network, learn and share knowledge”. “It’s an opportunity to take part in the global community,” he said.Although Zulu Boy has collaborated with international artists in the past – including Colombian rapper Alvaro ‘Ephniko’ Cuello and Ninthe, a female vocalist from the Netherlands – he’s aiming to find French artists to work with while in France.“I know for sure that I will find someone in France to collaborate with, either we will record there or we will do it over the internet,” he said. “If we share common experiences with the world, people in South Africa will learn that we are the same as people in other countries.”SA talent set to wow FranceZulu Boy is not the only local hip hop act at Cannes that will showcase the diversity of South African music. Jozi, a two-man outfit put on the map by their distinct African sound, is also set to wow audiences there.Jozi member Da Les (real name Lesley Mampe) said they are taking their “energy and swagger” to the European country. “We have a different sound compared to everybody else. It’s a fusion of traditional South African music and urban hip hop,” he said.Jozi combines the talents of rapper Da Les and evergreen singer Ishmael Morabe.There will be a rich mix of South African musicians who will perform on the opening night on the 24th and at the Tribute to Miriam Makeba Show on the 26th. The shows will fuse young, but established talents with that of old bucks who have influenced the country’s music over the years.Jazz maestro Themba Mkhize has assembled an eight-member live band that will pay tribute to South Africa’s late musical sensations. The band will perform hot tracks from yesteryear, including Brenda Fassie’s Weekend Special, Solomon Linda’s Mbube and Jabu Khanyile and Bayete’s Mbombela, among others. Slain reggae icon Lucky Dube will also be honoured.“We have been known for our struggle songs for years, now we have an opportunity to showcase who we are in terms of music. We are a people with lots of love and we express that in our music,” said Mkhize. “The festival is an opportunity for us to sample a bit of our music for the world, ranging from the 1950s to today.”The Themba Mkhize band will be key to the South African musicians, playing alongside most of them. It will perform with Zulu Boy, Afrikaans singer Kurt Darren, the queen of Ndebele music Nothembi Mkhwebane and world-renowned flautist Wouter Kellerman.Performances with Xhosa music diva Thandiswa Mazwai, Makeba’s granddaughter Zenzi Lee and veteran Vusi Mahlasela are also scheduled.The South African line-up will also feature talent from elsewhere on the continent. Benin superstar Angelique Kidjo will join other local acts on stage to pay tribute to Makeba, while Kellerman’s performance will be spiced up by Senegalese prodigy Lamine Sonko.Sonko is based in Melborne, Australia, and is a singer, dancer and a percussionist whose style is an eclectic blend of jazz, reggae and West African music. “Our performance in France will be a surprise to the audience. But they will enjoy it,” Sonko said.Critically acclaimed outfit The Parlotones will play the best of South African rock, and award-winning soul singer Lira promises to perform all her chart-topping numbers as well. Other acts to set the stage alight are Tidal Wave, a popular reggae crew, and Maletangwao Cultural Troupe. Dance music disc jockeys Black Coffee, DJ Christos and DJ Static Plastic are set to play 100% home-grown music at the two events in Cannes.“The most important thing is that when we leave that place people must have a sense of what South African music is all about,” said Sipho Sithole of the Department of Arts and Culture advisory committee. “It must be a true reflection of South African music.”Mazwai, who’s known for her socially and politically conscious songs, appreciates the funding and organising by government which has made the French trip possible. “It’s a great thing that the government has done. It should happen again next year.”
Share Facebook Twitter Google + LinkedIn Pinterest In an effort organized by the National Milk Producers Federation and the U.S. Dairy Export Council, 70 dairy companies, farmer-owned cooperatives, and associations today sent a letter to the United States Trade Representative and the U.S. Secretary of Agriculture asking the U.S. government to capitalize on the conclusion of Japan’s national elections and quickly finalize a strong trade deal with Japan in order to secure critical market access for the dairy industry here at home.“Given that Japan is an established market with a growing demand for dairy products, the successful negotiation of a robust trade agreement with Japan will bring a much-needed boost to the economic health of the U.S. dairy industry and set our industry up on a path to compete effectively there moving forward. Securing robust dairy export opportunities into this overseas market will be critical to restoring confidence for our dairy farmers and processors across the country,” they wrote.The continued success of the U.S. dairy industry relies on stable export opportunities to markets abroad and Japan represents a major opportunity to expand growth. However, the Japan-EU agreement and the Comprehensive and Progressive Agreement for Trans- Pacific Partnership (CPTPP) have allowed the European Union, New Zealand and Australia to position themselves to seize sales from the U.S. dairy industry. Swift negotiation of a trade deal with Japan that builds upon the best components of the Japan-EU agreement and the CPTPP is urgently necessary for America’s dairy farmers and processors.“Eroding dairy competitiveness in Japan is at a critical point. The time to re-level the tariff and access playing field is right now,” said Stan Ryan, President and CEO of Darigold. “Today Darigold supplies over 50% of the US American-style cheese exports to Japan. Those sales will soon be lost as competitor trade deals take effect.”The U.S. exported $270 million in dairy products to Japan in 2018 with room for further growth. However, without a strong U.S.-Japan trade agreement, half of U.S. dairy sales to Japan will be wrested by competitors, mounting to a toll of $5.4 billion in lost export sales when Japan’s deals with the EU and CPTPP are fully phased in.“Japan has been a very important market for Leprino Foods Company’s US-produced products for years,” said Sue Taylor, Vice President of Dairy Policy and Procurement for Leprino Foods Company. “We invested heavily in developing lactose and whey protein exports several decades ago and, more recently, mozzarella exports into this important market and believe that the market has significant further growth potential. We risk losing these sales and growth opportunities to competitors who recently finalized preferential trade agreements unless the US negotiates a strong agreement. We are very supportive of the administration’s efforts to secure an agreement that allows us to retain and grow this important market.”
SharePrint Related5 Tipps für die Planung Deines nächsten Urlaubs mit GeocachingMay 22, 2015In “Deutsch”Nie alleine cachen: Geocaching-Gruppen und -OrganisationenAugust 20, 2019In “Deutsch”Schau Dir an diesem Wochenende die Geocaching-Filme an und erhalte dafür ein neues Souvenir.October 30, 2015In “Deutsch” Die Feiertage sind optimal zum GeocachenFamilie und Freunde über die Feiertage zu besuchen, ist großartig – und mit Geocaching kann es sogar zauberhaft werden: Du könntest die Kiddies mitnehmen auf ein aufregendes und lustiges Abenteuer oder den anderen damit eine neue Variante aufzeigen, nach draußen zu gehen und sich zu bewegen. Außerdem ist Geocaching natürlich auch eine super Möglichkeit, die Kalorien eines umfangreichen Festessens wieder loszuwerden.Reisen über die Feiertage beinhalten auch die Möglichkeit, neue Geocacher aus anderen Regionen zu treffen. Schau doch einmal nach, ob es Events in der Nähe gibt – oder veranstalte doch einfach selbst eines!Für weitere Anregungen zum Geocaching während Eurer Feiertagsreisen schaut einfach in den Geocaching-Blog.Und solltet Ihr noch Anregungen für Geocaching-Geschenke benötigen, findet Ihr gewiss im Online-Shop so einige.Share with your Friends:More
3 Areas of Your Business that Need Tech Now IT + Project Management: A Love Affair markhachman Cognitive Automation is the Immediate Future of… Tags:#BYOD#cloud computing#dell#PCs#Server Virtualization#servers#Windows 8 Massive Non-Desk Workforce is an Opportunity fo… Related Posts On Tuesday, Dell faced Wall Street analysts for what could be the last time, as Michael Dell and a collection of investors prepare to take the company private. And though Dell Inc. reportedly exceeded Wall Street’s expectations, the results were disappointing overall. And in some ways, that’s a good thing.Dell revenues fell 11% to $14.3 billion. Profits were down, too: 31% to $534 million. Dell’s consumer business fell by a whopping 24% to $2.8 billion; The slogan “Dude, you’re getting a Dell” is now a distant memory.The earnings call is a unique event in American business; although chief executives occasionally deign to hear questions from business reporters, rarely do they sit down with their upper management and submit to questions about their past and future financial and operational performance. Calls following quarters in which a business dramatically exceeds expectations, taking a drink each time an analyst congratulates execs (“Great quarter, guys!”) will usually result in a long nap under one’s desk.After a lousy quarter, on the other hand, analysts feel unusually liberated to ask the pointed questions that should always be asked. And – hurray! – some of them did their jobs on Tuesday.Here are the five questions that Dell will need to answer going forward:1. Does Dell Belong In The PC Market?In many ways, this is the same question that Hewlett-Packard faced in the wake of Leo Apotheker’s decision to shop the PC business, Meg Whitman’s decision to retain it, and then the ultimate reorganization into a combined printer/PC business. With very little room for adding value besides bundling a printer with a PC, adding the crapware software that users hate, and striking out into relatively untested waters such as ultraportables and tablets, the answer seems to be: “Yes, but barely.”Dell’s strengths are its XPS tier and its Latitude line of business PCs. But as Dell chief financial officer Brian Gladden noted, the growth continues to be in tablets and in the low-value desktop and notebook space – both areas where Dell, seeking higher profits, has consciously avoided.2. Is There An Opportunity To Refresh Older Corporate PCs?Yes, definitely. And that’s the primary reason Dell won’t bail out of the PC market any time soon – it has established longstanding ties with corporate America. This was one of the most telling quotes of the call:“I think that’s really tough to get at, but the data that we’ve seen would suggest there’s still somewhere in the range of 40% of the corporate installed base for PCs that is XP or Vista that needs to be upgraded,” Gladden said. “So that’s, I think, pretty consistent with the data that we see for our installed base, and for what we hear from our corporate customers.”Corporate IT departments rarely, if ever, update a PC operating system without refreshing the hardware, too. Microsoft may have to worry about corporate customers turning to Windows 7 rather than 8, but Dell doesn’t care either way. And with support ending for Windows XP in April 2014, Dell knows there’s a windfall ahead.“All the data that we’ve seen, all the conversations we’ve had with customers, would lead us to believe that there’s still a significant refresh activity that has to happen in the next 12-14 months,” Gladden said.3. Is BYOD (Bring Your Own Device) The Answer?Yes. Or it was in December, when Michael Dell said exactly that. “And in the customer conversations that we’ve been having, the interest in Windows 8 is quite high, even with commercial customers, who would normally wait a few releases to adopt the new versions,” Dell said. “What we’re seeing here is really an immediate need, because CIOs are worried about the ramifications of a BYOD world. With Windows 8 products… we’re pleased with the incredible experience that they expect, while you get the security and versatility and reliability that your enterprise really requires.”Since then, Microsoft has reported terrific Windows 8 numbers, although there has been some suspicion that the company hid behind previouslysold Windows 8 licenses. Still, Dell and the rest of the PC industry will certainly help try and make Windows 8 a success. Ultimately, however, Michael Dell has bet his farm on Windows, while other hardware makers, like Samsung, have diversified into Android and phones. Time will tell who made the right choice.4.) Will Server Customers Keep Buying From Dell, Or Roll Their Own?If you’re not following the datacenter market that runs the cloud services we use and love, you’re may be unaware that Facebook has pioneered an industry-wide program called Open Compute, which publishes detailed specifications on building your own servers via components from no-name manufacturers. Facebook recently said that a major European datacenter would be constructed entirely from these “white box” servers, and companies like Rackspace have also signed on.Revenue-wise, Dell’s Server and Networking Business unit grew 11% in the last quarter, to $9.3 billion. But ISI Group‘s Brian Marshall asked one of the key questions: given the Open Compute model, will the trend continue? Gladden waved off the question.“It is relatively isolated to a few number of large-scale customers who can make the economics work, and given that, we’re still seeing strong growth in that business, and significant opportunities to continue to grow the hyperscale business,” Gladden said. “So I don’t think it’s a new dynamic.”Gladden’s right; most companies are not going to exert the time and effort to design their own servers, Open Compute or no. But over time, this may eat into the server businesses of Dell and others.5.) What Effects Will Virtualization, Consolidation and the Cloud Have On Servers?Virtualization, where a number of “virtual servers” can share computing resources, helps effectively consume underutilized servers, especially older hardware. Some of the older hardware can be retired, as data centers “consolidate” their hardware and run virtual machines on top of them to maximize their use. At the same time, as more cloud services are deployed, the number of servers they require goes up. Unfortunately, analysts have reported that the number of servers sold has flattened – the trends of consolidation and virtualization are holding down sales, and revenues are actually decreasing.For a long time, notebooks became the escape route out of the quicksand of commoditization that has dragged the industry down. Then servers were the answer. Now, they’re apparently sinking into the mud, too.Dell may in fact continue to provide updates to Wall Street as it goes private; it hinted as much when it talked about a fiscal first-quarter earnings release. But as the company moves into the financial shadows, away from public scrutiny, it did not provide any guidance for the future. One can wonder whether its outlook is equally cloudy.
Candidates who appear and are shortlisted in the IBPS examination will be called for a common interview to be conducted by participating organisations and coordinated by nodal bank with the help of IBPS.Depending on the vacancies to be filled in during the financial year 2015-16 based on the business needs of the participating organisations and as reported to IBPS, candidates shortlisted will be provisionally allotted to one of the participating organisations keeping in view the spirit of government guidelines on reservation policy, administrative convenience, etc.Participating banks are as follows:Allahabad Bank Canara Bank Indian Bank Syndicate Bank Andhra Bank Central Bank of IndiaIndian Overseas BankUCO Bank Bank of Baroda Corporation Bank Oriental Bank of Commerce Union Bank of India Bank of India Dena Bank Punjab National Bank United Bank of India Bank of Maharashtra ECGC Punjab & Sind Bank Vijaya Bank Bharatiya Mahila Bank IDBI BankGraduates in any discipline from recognised university and aged between 20 an 30 can appear for the IBPS online test. Prospective candidates will have to apply to IBPS after carefully reading the advertisement regarding the process of examination, interview and provisional allotment, eligibility criteria, online registration processes payment of prescribed application fee / intimation charges, pattern of examination, issuance of call letters etc. and ensure that they fulfill the stipulated criteria and follow the prescribed processes.
Excuses have been given an entirely new dimension by the Board of Control for Cricket in India (BCCI). If allowing girlfriend Anushka Sharma to stay with Virat Kohli in England for the first two Tests wasn’t enough to raise eyebrows, the pretext BCCI used to convince the team management is mind-boggling.BCCI told the management that the duo will get married very soon.Speaking to Mail Today, a BCCI official said that while there was a bit of a dilemma as to how the touring Indian media would react, the Board told the officials travelling with the team that it was just a matter of time before the duo ties the nuptial knot.”The team management was slightly taken aback when the BCCI approved Kohli’s plea of letting Anushka stay with him. But they were told there was no reason to worry as the two were planning to get married. And this isn’t the first time such a thing was happening. A captain’s girlfriend had travelled with the team in the past as well,” he said.In fact, the BCCI also told them that Kohli was smart enough to handle the situation and the media wouldn’t even get to know of Anushka’s presence -a definite error of judgment.”When the management enquired on how to handle the media if they questioned her presence with the vice-captain, they were told that Kohli can handle the media attention and wouldn’t let the cat out of the bag,” he said.On the view that Anushka’s presence had nothing to do with Kohli’s poor form, the official said: “Unlike football, Test cricket is played for eight hours. And when the mind is on picking and dropping friends, the result will be visible on the field itself. Off-field activities definitely play on the mind.”advertisementBut another official said that the sole reason behind the ruckus is the relationship status. “If the duo was married, nobody would have said a word. We all know how Indian culture is. And the lack of form ended up serving as fodder for the media. If he had scored runs, they would have ignored the whole issue,” he said.