Mortgage Default Risk is on the Rise

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post About Author: Rachel Williams in Daily Dose, Featured, Market Studies Demand Propels Home Prices Upward 2 days ago On Thursday, VantageScore Solutions, LLC and TransUnion released the VantageScore Default Risk Index (DRI) for Q4 2016. According to the DRI, when it comes to default risk, mortgages pose a lower threat than auto loans, student loans, and bankcards with the DRI for these four categories came in at 85.4 (mortgage) , 89.3 (auto), 90.0 (student loans), and 96.8 (bankcards) respectively. Despite the lower default risk compared to other debt categories, mortgage risk is up quarter-over-quarter.The DRI uses credit file data to measure the relative changes in risk level assumed by lenders, benchmarked against Q3 2013 (when the index was first created). The DRI also measures quarter over quarter change and year-over-year change.Quarter over quarter, mortgages saw a rise in default risk of 3.6 percent.“New card and auto loans showed marginally more conservative risk profiles than the previous quarter, while mortgage loans showed the opposite trend. Student loans were once again the outlier, where the seasonal pattern continued to bring low volumes and higher risk loans in the fourth quarter when compared to the fourth quarters of years past,” the companies stated.The risk of default in student loans, and the burden this type of debt has on Americans, impacts the housing market in a variety of ways. Recognizing that student loan debt is one of the top barriers to homeownership, Fannie Mae recently released series of policies. to help borrowers with student loan debt buy a home, regardless of what their loan balance is.“We understand the significant role that a monthly student loan payment plays in a potential home buyer’s consideration to take on a mortgage, and we want to be a part of the solution. These new policies provide three flexible payment solutions to future and current homeowners and, in turn, allow lenders to serve more borrowers,” said Jonathan Lawless, VP of Customer Solutions at Fannie Mae. default mortgage Risk Student Loans TransUnion VantageScore 2017-05-04 Rachel Williams Tagged with: default mortgage Risk Student Loans TransUnion VantageScore Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe May 4, 2017 1,623 Views Sign up for DS News Daily center_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Mortgage Default Risk is on the Rise The Best Markets For Residential Property Investors 2 days ago Rachel Williams attended Texas Christian University (TCU), where she graduated with Magna Cum Laude with a dual Bachelor of Arts in English and History. Williams is a member of Phi Beta Kappa, widely recognized as the nation’s most prestigious honor society. Subsequent to graduating from TCU, Williams joined the Five Star Institute as an editorial intern, advancing to staff writer, associate editor and is currently the editor in chief and head of corporate communications. She has over a decade of editorial experience with a primary focus on the U.S. residential mortgage industry and financial markets. Williams resides in Dallas, Texas with her husband. She can be reached at [email protected] Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Mortgage Default Risk is on the Rise Servicers Navigate the Post-Pandemic World 2 days ago Previous: Senior Housing Market Remains Strong After Post-Election Surge Next: Industry Veteran Dave Hurt Joins Black Knight Data & Analytics Demand Propels Home Prices Upward 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Letters

first_img Comments are closed. Previous Article Next Article This week’s lettersMEP responds to reader plea over temps directive In our 1 October issue, we published our joint research with Manpower whichshowed that both businesses and temps in the UK will be damaged by the draft EUAgency Workers Directive. Personnel Today asked its readers to e-mail the MEPdirectly responsible for the directive, Ieke van den Burg, urging her to changethe six-week qualification period for temps gaining equal pay and benefits withpermanent staff. Here is her response to a letter from reader Geraldine Dawson:The main concern in your letter is that I, as rapporteur for the EuropeanParliament, would not take into account the specific situation in the UK. Letme make clear that this is not the case. I had and have extensive contact withthe British Government, trade unions, employer organisations and temporary workand recruitment agencies. As a member of the European Parliament, it is my task to take into accountpositions of all the different member states. I tried to find a balancedposition. I certainly did not try to impose a one-size fits all approach on themember states. Not only is it important to find a balance for different member states, itis also vital to find the right balance between the flexibility and protectionof temporary agency workers. It is my conviction that temporary agency work can make a positivecontribution to making the European labour market more efficient and flexible,and help young people, women and the unemployed to enter the labour market. But I am firmly committed to the demand that basic employment and workingconditions should always be respected. A user company should not have financialadvantages from hiring a temp (i.e. cheap labour), compared to directlyemploying a worker – the advantage of temporary work should be its flexibility.I will do my utmost to contribute to the creation of an effective directivethat will provide a sound basis for using temporary agency work all overEurope. And one which will provide basic protection to temporary workers,taking into account the effects on standards in the user companies and sectorsas well. Ieke van den BurgRapporteur for the Agency Workers Directive, MEP Strike action must be a right for firefighters I was pleased to read that many of the figures quoted in your debate ‘Couldlegislation stop the strikes?’ believe that banning strikes in essentialservices would be difficult (News debate, 8 October). They realise that it would go against the grain of the calls for partnershipbetween employers and employees that are currently being made by theGovernment. The Work Foundation advocated the need for compulsory arbitration, but thereis no such thing as an independent inquiry into areas such as pay and conditionsof service. There can also be no such thing as an independent arbitration service asthere will always be pressures exerted on the arbitrators by government,employers and staff representatives. Employers could, in theory, pass an outrageous set of demands to theemployees’ representatives, failing to note the concerns of the employees andthen expect the arbitration to attempt to get an agreement. Without theultimate sanction of withdrawal of labour, the scene would be set for a returnto the worker wage slavery of the early 20th century. All workers – including those in so-called essential services – should havethe right to withdraw their labour. Concerted action to protect or benefit themajority must be possible, and supported by a framework of rules andlegislation. There is no doubt in my mind that the possible action my colleagues and Imay shortly be undertaking will be seen by some as inexcusable. It is also adifficult decision for us to make as no one wants to strike. However, given our commitment to this essential service for the benefit ofmany, our right to withdraw our labour must be upheld so that we do notcontinue to be taken advantage of by our employers and the Government. Enactinglegislation to deny other ‘essential workers’ this right will only create aclimate of opportunity for the unscrupulous among your profession. Les Reid Acting secretary of a command, The Fire Brigades Union ‘Sexual persuasion’ is an offensive term Denise Keating’s article ‘Getting caught in the discrimination trap’,suggested that a single equality commission should replace the existingcommissions for race, gender and disability (Comment, 15 October). I unreservedly support this idea. She argued that a single organisationwould be better able to deal with these issues, as well as the ‘new areas ofage, religion and sexual persuasion’. Sexual persuasion? As a gay man, I ammore than happy to use the term sexual orientation, or even sexuality, asgeneric terms to describe gay, lesbian and bisexual people. However, ‘persuasion’ implies that gay people have been influenced orcoerced in some way into becoming homosexual. If the Equalities Commission cando anything, it may be able to help increase understanding and awareness ofsexual orientation so that unfortunate, and offensive, terms such as ‘sexualpersuasion’ can be avoided in the future. Andrew Lashbrooke Naval civilian personnel HR information services manager, Ministry of Defence LettersOn 29 Oct 2002 in Personnel Today Related posts:No related photos.last_img read more

Bombers blast off at Oliver Fall Festival Field hockey tournament

first_imgNow that the politics are out of the way, let the games begin.The L.V. Rogers Bombers looked to be in mid-season form during the Oliver Fall Festival Field hockey tournament Saturday in the South Okanagan City.The Bombers finished the tournament with a 3-1 record, losing its only contest to provincially ranked Kelowna Secondary School 4-0.“It was a great outing for the LVR team,” said Val Gibson, taking on one last coaching assignment after retiring in the spring.“Chemistry is good with the mixture of the new players.” “We won 3 of 4 games . . . two shutouts coming with goalies who had never played before.”LVR dumped South Okanagan 3-0 and the school’s B squad, 4-0 before defeating Mt Boucherie 5-1. The lone loss came in the final game against KSS Owls.Goal scorers for LVR during the weekend were Hailee Gerun with four goals, Naomi Perkins and Allie Zondervan each had three while Sarah Wade and Emma Borhi scored once each.The weekend was the rookie debut for two international students and a pair of Grade 9 players — Yu Takahashi, Svenja Rennecke, Julia Burkart and Hanna Quinn  “All the new girls had valuable minutes,” Gibson said.“We were extremely happy with the results after such a limited number of practices due to the late start to the school year,” said Gibson, who along with Bruce Walgren form the coaching team for LVR.“The team was missing several key players who had work an soccer commitments in Nelson. With these gals, the team should be even stronger.”The Bombers travel to Castlegar Friday to meet J. Lloyd Crowe Hawks at 4 p.m. in the first West Kootenay contest of the season.last_img read more

PACOIMA RESIDENT CELEBRATES BIRTHDAY BY RIDING DORTMUND’S 17-HAND COATTAILS IN SECOND ANNUAL SANTA ANITA DERBY MILLIONAIRE CONTEST

first_imgIF BAFFERT TRAINEE WINS TRIPLE CROWN, ISIDRO MORENO WILL WIN $1 MILLION –30– ARCADIA, Calif. (April 5, 2015)–At 17 hands and roughly 1,200 pounds, Bob Baffert’s undefeated Santa Anita Derby winning Dortmund is obviously big on stature and long on talent. Dedicated racing fan Isidro Moreno is hoping the striking chestnut colt by Big Brown has coattails as well, as Moreno, his wife Maria Blanca and their three children are counting on him to win racing’s Triple Crown and thus carry them to a $1 million bonus in the second annual Santa Anita Derby Millionaire Contest.A resident of Pacoima, Moreno, who is a full-time groom at the Los Angeles Equestrian Center, took the day off of work and celebrated his 42nd birthday by attending the races on Saturday with his wife and youngest daughter, Mariah.Upon arriving at the track, he entered the Santa Anita Derby Millionaire Contest, whereupon he drew favored Dortmund, while five other fans had their individual hopes pinned on his competition. With $1,000 win bets provided by Santa Anita in-hand, the six contestants watched the 78th Santa Anita Derby intently from the Winner’s Circle as Dortmund dusted the competition by 4 ¼ lengths and improved his record to a perfect six for six.Off at 3-5, Dortmund paid $3.20 to win and thus provided Isidro with a tidy birthday profit of $1,600. Santa Anita will provide Moreno with a $7,500 win ticket on Dortmund in the Kentucky Derby May 2, and if he wins there, an additional $10,000 win wager in the Preakness Stakes on May 16. And, if Dortmund becomes the first Triple Crown winner since Affirmed in 1978, Moreno will win the $1 million Santa Anita Derby bonus on Belmont Stakes Day, June 6.When asked what he would do with a million dollar pot of Derby gold, Moreno responded, “We wouldn’t buy a car or take a fancy trip. We have three kids and we’d like to buy a house.” Moreno’s daughter, Mariah, quickly stated that she wanted her dad to “buy a puppy.”The Santa Anita Derby Contest, which was initiated last year, was nearly hit, as Eddie Espinoza of Whittier followed California Chrome through victories in the Santa Anita Derby, Kentucky Derby and Preakness before meeting defeat with a fourth place run in the 2014 Belmont.Here’s hoping the Isidro Moreno family gets the house they’ve always wanted–and a puppy in the window as well.last_img read more

Gregg, Gore spar ahead of big showdown

first_img“What would you say if I beat you at Dover?” Kyle Gregg jokingly shouted across the showroom to Doug Gore. With a broad grin, Gore told the scores of diehard motor-sports fans that he would respond to Gregg’s question when they clash at the Dover Raceway, St Ann, on Monday. Both drivers were among a large turnout at the launch of the Carnival of Speed race meet, which is scheduled to take place on Easter Monday. The launch was held in the main showroom of the Kingston Industrial Garage (KIG), Spanish Town Road, Kingston, on Monday night. After posting a 1:19-second lap time during a recent practice session – with his newly acquired United Kingdom-manufactured Radical race car – Gregg has become an overwhelming favourite to upstage Gore and David Summerbell in the Thundersport II Class. This showdown has been generating a lot of interest because it is the first in a long time that so many well prepared, highly competitive cars will be participating in the stellar event. “The car is nice and I am looking forward to Dover,” said Gregg, who up to four months ago was concentrating on rallying, until he got bitten by the bug and went shopping for a new circuit-racing machine. Gregg, in a previous interview with The Gleaner, sent a stern warning that the lap record at Dover may be erased at this meet Gore was not amused and has since brought down a first-rate mechanic, out of the Czech Republic, to assist with the final preparation of his Audi. TRUMP CARD At Monday night’s launch Gore, who sat beside his old rival, David Summerbell in the front row just kept smiling. He had already indicated that he has a trump card up his sleeve. “I will be doing all my talking on the track,” Gore told his rivals. Dubbed as ‘King David’, the usually high-spirited Summerbell was in jubilant mood and told his fans that as the king of circuit racing he is not ready give up his throne. “I am going to make sure that my sponsors, Total Lubricants, is proud of me. It is going to be a great race meet,” said Summerbell. Organiser of the event, Dean Corrodus, said there will be 21 races and the meet will get under way at 8:30 a.m. on Easter Monday. “We have expanded our parking area, renovated the road surface leading to the entrance, plus the police will be exercising tighter traffic management controls,” said Corrodus. Newly elected president, Monique Gibbs, said the meet promises to be a thriller, as apart from the high expectations of the top drivers, the ‘Bracket 45 Class’ is back and this she said will be used as a strategic development for circuit racing at Dover. Howard Henry, marketing manager of the title sponsor Total Lubricants, said he anticipates a great race meet and his company is committed to the development of motorsport in Jamaica.last_img read more

The Press Pass – Sunday, July 3

first_imgThis week Ray Stubbs is joined by Mike Calvin and Matt Scott to cast their eyes over the main sporting stories.They discuss England’s Euro 2016 failure and Roy Hodgson’s successor, Ryan Giggs’ departure from Manchester United, and look at the start of Pep Guardiola’s reign as Manchester City coach.Listen above or click here to download the podcast from iTuneslast_img

Are You a Green Building Geek, Nerd, Dork, or Dweeb?

first_imgI hear a lot of people call themselves building science geeks, energy nerds, green building dorks, HVAC dweebs, weatherization wonks, and policy poindexters. (It’s true! Some of them are imaginary people in my mind and some are aliens, but they really do say that.) What I see, though, is that most such people seem to throw these words around without understanding which is which and how dorks and nerds and geeks and dweebs differ.(We’ll ignore eccentrics, boffins, anoraks, swotters, wonks, poindexters, and others of the sort because anyone who is anyone in the world where such things matter knows that those terms carry no weight. (Well, maybe wonk does. (And it would take a grammar wonk to tell if I’ve nested these parentheses correctly after all. (But who cares about such silly things as nested parentheses?)))A while back I saw this snarky article by Great White Snark that clearly showed the difference between nerds, geeks, dorks, and dweebs in a nifty Venn diagram, like the one included with this article.When I first saw this, I realized why I always take offense when someone calls me a dork. It also validated (at least in my mind) my perception that a nerd is a geek with glasses. My own assessment of where I fit in has always been geek. And yes, the mighty Venn (diagram, that is) confirms that my intelligence and obsession combined with absolutely no hint of social ineptitude puts me squarely in the geek camp. (You believe that, right?)Hooray! I’m a geek! I’m not a nerd. I’m not a dork. I’m not a dweeb. I’m a geek.… Hold on there, buster, cries another voice from the interwebs. According to OkCupid’s Nerd, Geek, or Dork Test, these three terms are defined this way:A nerd is someone who is passionate about learning/being smart/academia.A geek is someone who is passionate about some particular area or subject, often an obscure or difficult one.A dork is someone who has difficulty with common social expectations/interactions.Yes, I took their 60 question test. They happen to think I’m 70% nerd, 43% geek, and 22% dork. Hmmmm. I’m not sure I like that (except the low dork score). Dr. Seuss, who invented the word ‘nerd’ after all, thought they were something to be caught and put in the zoo.It seems that I have my work cut out for me. I wrote a little about the geek issue last year in my post, I Don’t Need No Stinkin’ Building Science Summer Camp! But we’re going to have to come up with some clear-cut definitions for the building science world. We’ll probably have to start with the elder statesmen and stateswomen in the field — Joe Lstiburek, Gary Nelson, Linda Wiggington, et. al.Of course, Martin Holladay has already staked out his turf by calling his blog here at GBA “Musings of an Energy Nerd.” But is he correct? Is he really a nerd?What we need to do is develop our own metrics to determine if one is a nerd, geek, dweeb, or dork, at least in the world of green building. I’m gonna go get my HP 15C now and do some calculations in reverse Polish notation. I’ll get back to you with my results. It might take a while, though, because I’ll probably have to run some regression analyses, maybe use some of Michael Blasnik’s modified box plots, and definitely throw in some log-log graphs (unless it turns out not to be a power law relation, but that’ll put us back to square one).In the meantime, I urge you all to think carefully about which of these you might be. If only it were as easy as saying, Oh, you wear a pocket protector so you must be a dweeb. Well, at least then we’d know what label to ascribe to Dr. Ed Voytovich (shown at the 2011 Building Science Summer Camp). Since it’s not, however, we’ll just have to wait until I get my algorithms worked out.last_img read more

Coffee can cheer you up, but affect mood too

first_imgWhether it’s a latte on the way to work or an espresso to get through the afternoon slump, coffee has become a routine formula for several youths. However, think twice before sipping on it as it can also have some side effects.Health guidelines recommend a maximum of 400 mg of caffeine per day, but as there is caffeine in tea, chocolate and fizzy drinks as well as coffee, the intake often turns out to be more than required, reports femalefirst.co.uk.Sally Norton, consultant surgeon and weight loss expert at Spire, The Glen Hospital Bristol, weighs up the pros and cons of consuming caffeine:Cons:It can be bad for your heart: Some studies show it can reduce blood flow in your coronary arteries when you need it most – during exercise, as well as cause palpitations or irregular heartbeat and may possibly increase your blood pressure over time.It disturbs your sleep: People who drink more than three cups of coffee per day are scientifically proven to have less than restful sleep. One study showed a difference of 79 minutes of sleep between drinkers of caffeinated vs decaffeinated drinks. If you struggle to get to sleep, then caffeine should definitely be a no-no.It’s often linked with sugar: Even if we don’t add sugar to our coffee, we are often tempted to accompany it with a biscuit, cake or a breakfast muffin. In addition, there can be 11 teaspoons of sugar in some varieties. The calorie count of these specialist coffees can be huge too, so it’s not good if you are watching your weight.advertisementIt’s bad for your mood: Caffeine increases catecholamines such as adrenaline, known as the “fight or flight” hormone. No surprise then that caffeine can make you tense and jittery in high quantities.Coffee can impact your infertility and can also disturb your sleep patternIt can impact your fertility: Drinking more than five cups of coffee a day can be linked with lower fertility. If you’re trying to get pregnant, it’s certainly worth cutting down on coffee, and once you are pregnant you’ll want to quit caffeine altogether or certainly cut back to less than 200 mg per day as it may increase the risk of birth defects or reduce fetal growth.Pros:It can improve sports performance: Drinking a caffeinated drink before a sport is associated with improved endurance and other sporting measures. It seems that caffeine increases heart rate but reduces the pain felt during exertion, encouraging us to push it that bit further.It can increase mental alertness: Studies performed on people in stressful conditions showed improved concentration, learning and reaction time after 200 mg caffeine. In addition, there is some evidence that it can delay onset of Alzheimer’s disease.It may reduce risk of some diseases: Drinking coffee, though apparently of both caffeinated and decaffeinated types, is associated with a reduced risk of type 2 diabetes. It is also associated with a reduced risk of some types of cancer.It may protect the liver: Fatty liver disease is becoming an increasing problem due to the combination of alcohol and obesity. Excess fat in the liver can cause inflammation and lead to cirrhosis. Some studies show that caffeine intake may be associated with a lower risk of fatty liver.Caffeine can cheer you up: Even just the smell of coffee can make you feel better and drinking it too is related to lower rates of depression. Not to mention the social element of relaxing with friends over a cuppa!last_img read more

Sinha asks Tata Steel to innovate with drones for urban issues

first_imgJamshedpur, Jan 9 (PTI) Union Minister of State for Civil Aviation Jayant Sinha today urged Tata Steel and its associate companies to make use of drones to solve urban problems.Addressing a gathering as the chief guest in the City Data For India Conclave 2018 – Smart City Initiatives organized jointly by Tata Steel, Tata Trust, Jusco and CII at JRD Tata sports complex here, Sinha said drones are the next big thing as its applications are extraordinary.Drones have varied applications in delivery, transportation, security/surveillance, he said and added that Tata Steel should work on it and develop it as a future industry like it did while setting up the steel plant here.”Drone technology can be utilized to solve many problems and Tata Steel should work on it and start implementing it from their home town here before following it up in other parts of the state and country,” Sinha said.Referring to the steep fall in air fare, which was as low as the fare of an autorickshaw per kilometer, Sinha said cost of air ticket from Ranchi to Delhi, or Delhi to Mumbai is almost equal to the fare of an autorickshaw at Rs 4-5 per km.Sinha said Tata Steel and Tata Motors have efficient management structure and efficient engineers and asked them to figure out whether E-rickshaw with drone technology can be operated in an urban environment.Sinha assured that the government was ready to partner with the Tatas in this regard.Later, addressing a press conference, he said the government was preparing a draft on drone regulation.advertisementHailing the tremendous work done by Tata Steel in addressing urban problems in Jamshedpur, Sinha said the company did exemplary work in improving traffic system and solid waste management, among others. PTI BS JMlast_img read more