Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Jordan Funderburk in Featured, Media, Webcasts Home / Featured / DS News Webcast: Monday 9/29/2014 More than 91 percent of borrowers nationwide who received mortgage loan modifications in the second quarter of 2014 had their monthly principal and interest payments reduced, while 56.1 percent of borrowers lowered their monthly payments by 20 percent or more, according to a report released earlier this week by the Office of the Comptroller of the Currency regarding first-lien mortgages at large national and federal savings banks. The OCC Mortgage Metrics Report, Second Quarter 2014 found that borrowers had their monthly mortgage payments reduced by an average of $252.From January 1, 2008, to March 31, 2014, servicers implemented more than 3.5 million loan modifications. About 59 percent of those loan modifications, or 2.1 million, were active at the end of the second quarter in 2014. The remaining 41 percent were no longer in the portfolios of their respective lenders due to having paid their mortgage in full, having been involuntarily liquidated, or having their loans transferred to non-reporting institutions. OCC reported that about 69 percent of the nearly 2.1 million loan modifications that were active at the end of Q2 were performing, while 25 percent were delinquent and 6 percent were in the process of foreclosure.The newest revised estimate from the Commerce Department shows economic growth expanded even more than previously thought in the second quarter, reflecting a sharp turnaround from the year’s opening months. In its third estimate, the Bureau of Economic Analysis reported Friday that gross domestic product increased at an annualized rate of 4.6 percent in the second quarter. The figure marks a step up from the bureau’s last estimate of 4.2 percent growth, which in turn was up from an advance guess of 4.0 percent. The Best Markets For Residential Property Investors 2 days ago 2014-09-28 Jordan Funderburk The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Previous: Report: Distressed Property Valuations No Longer Driven By Foreclosures, REOs Next: September Consumer Confidence Rises to Highest Post-Recession Level The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Is Rise in Forbearance Volume Cause for Concern? 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago September 28, 2014 677 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago DS News Webcast: Monday 9/29/2014 Subscribe
University of GeorgiaTo help landscapers better bid on and estimate the costs of their jobs, the University of Georgia is holding a workshop March 12-13 in Athens, Ga. UGA specialists will discuss landscape installation, maintenance and software programs they’ve developed to make running a landscape business easier.Participants will learn how to use Excel-based cost estimating and bidding spreadsheets developed by UGA faculty. Day one will focus on landscape installation cost estimating using Hort Scape software. Day two will focus on landscape maintenance cost estimating using Hort Management software. The daylong workshops will start at 8:30 a.m. each day in Conner Hall room 202 on the UGA Athens campus. The cost is $150 for both days or $100 for either day. The fee includes breaks, lunch, handouts and copies of the software. For more information, call (706) 542-2861 or visit www.hort.uga.edu/extension/programs/CEJBW/index.html.
continue reading » A common technique among internet and email scammers is to take advantage of public concerns and fears. Today, that means that scammers are capitalizing on the fear surrounding the emergence of the coronavirus (COVID-19) – from health and safety concerns to apprehension around financial market impacts. During this critical time, a proactive focus on the safety and security of our credit union members is more important than ever. Below are helpful tips that can be shared with your members to safeguard against coronavirus-related fraud.Beware of Bogus Products and InvestmentsAs scammers prey on coronavirus fears, we’re witnessing an uptick in the sale of bogus products like masks, immune system boosters and sanitizers. If you aren’t able to find a hand sanitizer at your local store, it doesn’t make sense that a random source on the internet would have an unlimited supply for sale. When an offer sounds “too good to be true,” verifying product credibility through research is key.Also, be wary of “investment opportunities” related to the coronavirus. The U.S. Securities and Exchange Commission (SEC) is warning people about online promotions, including through social media, claiming that the products or services of publicly-traded companies can prevent, detect or cure coronavirus. Don’t get caught in a stock scam; always seek professional advice. 60SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr