Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Industry Pulse: Compliance Technology Advancements and New Office Expansions Next: ‘Online Buyers’ Contribute to Growing Home Sales The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Fannie Mae Foreclosure Prevention Freddie Mac 2020-08-20 Christina Hughes Babb in Daily Dose, Featured, News Phil Hall is a former United Nations-based reporter for Fairchild Broadcast News, the author of nine books, the host of the award-winning SoundCloud podcast “The Online Movie Show,” co-host of the award-winning WAPJ-FM talk show “Nutmeg Chatter” and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill’s Congress Blog and Profit Confidential. His real estate finance writing has been published in the ABA Banking Journal, Secondary Marketing Executive, Servicing Management, MortgageOrb, Progress in Lending, National Mortgage Professional, Mortgage Professional America, Canadian Mortgage Professional, Mortgage Professional News, Mortgage Broker News and HousingWire. Servicers Navigate the Post-Pandemic World 2 days ago Share Save About Author: Phil Hall Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago August 20, 2020 1,288 Views Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily FHFA: Forbearance Plans Dominated May Foreclosure-Prevention Actions Tagged with: Fannie Mae Foreclosure Prevention Freddie Mac The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / FHFA: Forbearance Plans Dominated May Foreclosure-Prevention Actions The government-sponsored enterprises (GSEs) completed 83,756 foreclosure prevention actions during May, according to new data released by the Federal Housing Finance Agency (FHFA).The overwhelming majority of the GSEs’ actions in May were forbearance plans—77,218, up from 9,749 in April—while 4,577 were loan modifications, 1,598 were repayment plans, and 77 were charge-offs-in-lieu.The FHFA reported that initiated forbearance plans declined from 989,594 in April to 392,338 in May. The total number of loans in forbearance plans at the end of May was 1,450,557, which represented slightly more than 5% of the total loans serviced by the GSEs.The GSEs also completed 286 home forfeiture actions in May, which consisted of 218 short sales and 68 deeds-in-lieu.Furthermore, the FHFA revealed that the GSEs’ 30-59 days delinquency rate fell to 2.53% in May but the serious delinquency rate inched up by less than a quarter-percentage point to 0.86%. Third-party and foreclosure sales totaled 344, down from 260 in April, and the decline was attributed to the GSEs’ suspension of foreclosures in response to the COVID-19 pandemic. As a result of foreclosures being suspended, foreclosure starts fell from 3,229 in April to 2,316 in May.Elsewhere in May, the FHFA determined the GSEs’ total refinance volume rose to their highest levels in seven years as mortgage rates tumbled—the average interest rate on a 30-year fixed rate mortgage slid from 3.31% in April to 3.23% in May. During May, 14 refinances were completed through the High LTV Refinance Option, bringing total refinances through this channel to 46 since its inception earlier in the year. The percentage of cash-out refinances dipped from 30% in April to 28% in May.Fannie Mae and Freddie Mac have completed 4,534,370 since they were put into federal conservatorship in September 2008, with more than half of these actions consisting of permanent loan modifications. Demand Propels Home Prices Upward 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 Subscribe
As Harvard celebrates its 375th anniversary, the Gazette is examining key moments and developments over the University’s broad and compelling history.In 1849, New England’s growing railroads faced a deadly problem. The rails were getting busier, and the number of wrecks was climbing. The crashes killed people, and the public was grumbling that the railroads were cutting corners. To the railroads, though, the problem wasn’t money, but time.There were too many time standards: Boston time, Worcester time, Springfield time.Train conductors of the day set their clocks by the time at their main departure station, found locally by marking the stars or the sun’s passage in the sky. That meant time differed for trains originating in towns to their east or west. The further away the towns were, the bigger the time difference in clocks aboard the trains.With many lines having just a single track, the trains traveled in both directions. Knowing where another train was, and when it would pass, allowed conductors and engineers to pull their train onto a siding to avoid colliding. But the proliferation of trains and times made train wrecks more common, with 97 between 1831 and 1853.The railroads decided they needed to run according to a single standard time. That need drew a Boston clockmaker, William Cranch Bond, and the Harvard College Observatory into the business of standardizing time. Starting in 1849 and for the next 43 years, a time signal originating in the Harvard College Observatory not only let New England’s trains run more safely, but also created what was in effect the first American time zone.People today may not think of a clock as an important scientific instrument, but in the mid-1800s, the ability to build increasingly precise clocks was opening new scientific frontiers, according to Peter Galison, Pellegrino University Professor and faculty director of Harvard’s Collection of Historical Scientific Instruments.Researchers were beginning to measure things once believed to be instantaneous, such as the speed of thought. They were marking the time it took for a visual cue to run through the brain and cause a reaction, like a subject pressing a key that generated an electric signal.Precise timekeeping was also important in astronomy, Galison said. It was used in finding longitude and in understanding the solar system. Venus’ periodic transits across the face of the sun were eagerly observed and timed, providing important information that astronomers used to calculate the Earth’s distance from the sun.Boston’s best clockmaker in 1849 was also the head of the Harvard College Observatory. William Bond’s clocks had a reputation for precision, so the railroads agreed that they would use the time kept at William Bond & Sons’ Boston shop, plus two minutes. The firm’s most accurate clock, today on display in the Putnam Gallery in Harvard’s Science Center, was at the Harvard observatory, where it informed the work of astronomers.Sara Schechner, the David P. Wheatland Curator of the Collection of Historical Scientific Instruments, said that initially, the proper time was communicated from the observatory to the Bond & Sons’ shop by setting a chronometer at the observatory and physically transporting it into Boston. In 1851, Bond established the world’s first public time service in which time signals were sent via telegraph lines and the Observatory’s electrical ticktock became the synchronizing signal that traveled to Boston.That first voluntary time agreement among the railroads became mandatory a few years later, after an 1853 wreck occurred outside Pawtucket, R.I., on a blind curve known as the “Boston Switch.” The collision, which killed 14 people, was due to a “reckless conductor and a faulty watch,” Schechner said. “He thought he could make it.”After that, railroad time was mandated along the region’s tracks. From there, the synchronization of time spread. People and businesses relying on trains became tired of needing to keep track of both local time and railway time.“Towns started to say, ‘We don’t want 10:56 as town time and 11 a.m. as railway time, so let’s just use railway time,’ ” Galison said.The spread of a single standard time was abetted by the telegraph, which soon carried the observatory time signal to fire alarm call boxes all around the city, ringing bells at noon, and thereby giving all of Boston a time cue.By the 1870s, the observatory even began selling time, sending hourly signals over the fire alarm system and working with Western Union to distribute time across the region. The observatory’s time signal even went to ships in Boston Harbor through a time ball — like the one dropped in Times Square on New Year’s Eve — that fell daily from the Equitable Life Insurance Building as a visual signal so mariners could set their clocks.The result of all this, said Galison and Schechner, was America’s first time zone, albeit one that was oddly shaped. Instead of covering the large geographic swaths we’re familiar with today, that first zone followed the rail lines, creating a spider web of towns across the region whose clocks were all synchronized to the observatory.Harvard did all right with its time business, Schechner said. The observatory earned $2,400 a year through the 1870s and about $3,000 in 1892, the year when time distribution was taken over by the U.S. Naval Observatory. Schechner said the money helped to defray costs, but added that Bond and the observatory directors were more interested in having the public understand that astronomy could provide an important public value.Of course, not everyone was happy with the adoption of a standard time. Though Americans today are surrounded by devices that keep time, the ability to find time has become something of a lost art.“If you live at the edge of a time zone when it’s noon, the sun is not in the highest point in the sky. We don’t know or even care about that anymore, but they knew it good and well when all this was happening,” Galison said. “Many people didn’t like it at all. They didn’t like being told by New York or Boston that it was noon when they could see that it wasn’t noon.”Still, Galison said, the installation and wiring of public clocks in town centers synchronized to the time of a big city became exciting affairs that people gathered to watch. “It was a sign of modernity,” Galison said. “As trains, time zones, and markets demanded simultaneity, we were willing to give up this idea of noon being when the sun is highest in the sky.”
The Castlegar Vikings realized its better to get results at the end of the season than at the beginning.The Vikes, bottom feeders for most of the 2012 season, scored early and often en route to a 33-14 pasting of Nelson’s Our Glass in the final of the West Kootenay Men’s Flag Football League Sunday at Mount Sentinel Field.The title is the sixth in the past seven years for the Sunflower City squad.Castlegar struggled for most of the season as the club had difficulty getting a full contingent of players on a weekly basis.However, with the playoffs on the horizon the Vikes began to roll. Sunday, Castlegar completed the run by riding the hot hand of quarterback Steve Mota as the scrambling pivot tossed four touchdown passes for the Vikings.The field general tossed first half scores to Paul Laratta and Jay Trower to give Castlegar a 19-7 lead going into the second half.John Lloyd intercepted a Dan Farden pass in the first quarter to put the winners on the board early.Mota then connected with Jaime Simpson and Trower, on a beautiful catch at the edge of the end zone, to put the game away.Farden passed for a major score and ran in for a touchdown to lead Our Glass.The Vikes, finishing fourth in the regular season standings, advanced to the final by knocking off defending champion Dam Inn Mates.Hour Glass got past a short staffed Brewers team in the other semi final.
1 A first-half brace from Alexis Sanchez helped Arsenal to victory against West Brom, as the Gunners tightened their grasp on the top four.Heading into the game wary that Manchester United were just one point behind the North London side, the Chilean attacker eased the pressure after six minutes with his opening strike, adding a second before the end of the first-half.The course of the game was set early on, with Sanchez’s goal the perfect way for Arsenal to exert their control on the game.Picking up the ball just out of the West Brom penalty area, the attacker turned his defender whilst keeping possession, driving forward before firing a powerful shot low past Ben Foster in the Baggies goal.The Gunners were clearly the better team, dominating play in the West Brom half.However, they struggled to create any more clear cut chances, and it was the visitors who came closest to scoring the next goal.Some breaks into the Arsenal box brought around a series of corners, and from one such set piece, Gareth McAuley hit the woodwork.James McClean curled a left-footed delivery to the near post, and the Northern Irish international met the ball, heading onto the bar.The hosts then came close to doubling their lead, with Foster almost gifting a goal.Mesut Ozil hit a weak shot straight at the keeper, who let it pass through his legs. However, Craig Dawson was well placed on the post, and he cleared the ball off the line to keep the defecit to just one.But Arsenal grabbed their well deserved second not long after, with Sanchez grabbing his second seven minutes before half-time.He converted a free-kick from the edge of the box, curling it away from Foster, who was wrong footed by the perfect set-piece.Tony Pulis changed his approach at the start of the second period, bringing on Salomon Rondon to play two strikers upfront, but it was Arsenal who had the first chance of the half, Olivier Giroud firing weakly at Foster.There were signs that the Baggies were looking to get back into the game, with McClean having a weak header saved by Petr Cech, and Rondon causing some trouble to the host’s defensive line.However, it was Arsenal who again started to control the game, and they had a number of chances to extend the lead.Foster saved well from Ozil, Aaron Ramsey fired over when he should have hit the target, and there were two shouts for penalties turned down by Jon Moss.As the game moved towards its close, it was clear that neither team were too fussed about attacking, playing a game comprised largely in the middle of the park.The Gunners had the three points sewn up early, and they were content to play out a meandering second half in front of a sparse Emirates crowd, securing three easy points to move back into third place. Alexis Sanchez celebrates scoring for Arsenal
Barcelona forward Lionel Messi celebrates after scoring his side’s third goal during the Spanish La Liga soccer match between Villarreal and FC Barcelona at the Ceramica stadium in Villarreal, Spain, Tuesday, April 2, 2019.(AP Photo/Alberto Saiz)BARCELONA, Spain— Lionel Messi and Luis Suarez came to Barcelona’s rescue Tuesday, scoring late goals to salvage a 4-4 draw at 10-man Villarreal in a thrilling seesaw match that saw both teams give up a two-goal lead.Messi rifled in a free kick off the upright to make it 4-3 in the 90th minute, and Suarez then shot through the legs of a defender to snatch a point with the last kick of the match.ADVERTISEMENT SEA Games hosting troubles anger Duterte Cayetano: Senate, Drilon to be blamed for SEA Games mess Don’t miss out on the latest news and information. DA eyes importing ‘galunggong’ anew Hontiveros presses for security audit of national power grid PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss LATEST STORIES The draw narrowed Barcelona’s lead of the Spanish league to eight points ahead of Atletico Madrid, which beat Girona 2-0 also on Tuesday and visits Camp Nou this weekend.“Luis is a player who is always in the right place at the right time, and he appeared at the last second to pull out a match that was not going our way,” Barcelona coach Ernesto Valverde said. “And Messi, he is a specialist (at free kicks.)”FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsMessi was on the bench for the first hour but Barcelona still took a quick 2-0 lead.However, relegation-threatened Villarreal roared back with 19-year-old Samuel Chukwueze leading the way and produced four unanswered goals to come agonizingly close to pulling off the upset. Barcelona’s comeback then came after Alvaro Gonzalez was sent off for a second booking in the 86th. Diego Godin and Antoine Griezmann finally put Atletico past a pesky Girona.Godin’s headed goal in the 76th was initially ruled offside by the referee, but a video review overruled that decision.Griezmann added a second goal deep in stoppage time with Girona throwing everyone forward in search of an equalizer. The goal ended his seven-match scoring drought.Also, fourth-place Getafe drew 1-1 at Espanyol.Sports Related Videospowered by AdSparcRead Next “This was a crazy game,” Valverde said. “There were stretches when it looked like we would win easily, then there was a stretch when it looked like they would. Then we managed to turn it around.”Messi’s goal was his league-leading 32nd of the season and his sixth from a free kick. He has now scored from free kicks in three consecutive matches after converting set pieces against Real Betis and Espanyol.SHOOTOUT AT THE CERAMICAValverde gave Messi some rest before Saturday’s match against Atletico and next week’s trip to Manchester United for the first leg of their Champions League quarterfinals.And at first it seemed Barcelona would stroll to another win at the Estadio de la Ceramica, as the little-used Malcom set up Philippe Coutinho for his first league goal since October. Malcom then headed in a pass from Arturo Vidal to double the lead before Coutinho went close to getting another goal when he hit the post.ADVERTISEMENT Philippine Arena Interchange inaugurated MOST READ Jiu-jitsu champ Meggie Ochoa battles Philippines’ sex abuse scourge Panelo: Duterte ‘angry’ with SEA Games hosting hassles Duterte wants probe of SEA Games mess But Barcelona ended up missing center back Gerard Pique — who was rested to avoid any risk of picking up a fifth yellow card that would suspend him for the Atletico visit — more than Messi.Chukwueze and Toko Ekambi used their speed to torment center backs Samuel Umtiti and Clement Lenglet throughout the game.Chukwueze pulled one back in the 23rd and his long pass led to Ekambi leveling in the 50th.Messi came on in the 61st, but a minute later Vicente Iborra put the hosts ahead after Umtiti had left the back line.Barcelona goalkeeper Marc-Andre ter Stegen made several excellent saves, but none was better than when he got his fingers on Chukwueze’s powerful strike and pushed it onto the bar.Ter Stegen could do nothing to stop substitute Carlos Bacca from scoring the hosts’ fourth with 10 minutes left when Santi Cazorla spotted him running clear behind a struggling Umtiti.Gonzalez left Villarreal a man down when he got his second yellow card for a senseless foul on Suarez. That cost Villarreal dearly when the team was without a defender in the final moments and failed to stop the double blow dealt by Messi and Suarez, keeping Barcelona unbeaten in 18 straight league games.Villarreal, which had conceded a 2-0 lead to lose 3-2 at Celta Vigo last round, was left two points clear of the drop zone.“I don’t think we are going down,” said Villarreal coach Javier Calleja. “We are going to stay in the top flight playing like we did against Barcelona.”ATLETICO WINS View comments Private companies step in to help SEA Games hosting
Australia has taken out all three divisions, and all nine games at the 2017 Trans Tasman Test Series.This is the second-time Australia has completed a clean sweep of the whole series in Trans Tasman history.Stay tuned to the website and our social media channels for highlights from the 2017 Trans Tasman series.Congratulations to team Australia on the clean sweep.Mixed OpenGame One: Australia (9) defeated New Zealand (6)Australia 9 (Opie-Lukins 2, Benbow 2, Blackwood, Costello, Nicholas, Mortimer, Pryde touchdowns) defeated New Zealand 6 (Morgan-Puterangi 2, Rauwhero, Ashworth, Drummond, Haugh touchdowns)Game Two: Australia (14) defeated New Zealand (7)Australia 14 (Mortimer 2, Pryde 2, Nicholas 2, Lang 2, Blackwood, Costello, Townson, Benbow, Parker, Singh touchdowns) defeated New Zealand 7 (Hodson 2, Takerei 2, Drummond, Rauwhero, Morgan-Puterangi touchdowns)Game Three: Australia (11) defeated New Zealand (10)Australia 11 (Glazebrook 2, Singh 2, Nicholas, Mortimer, Costello, Opie-Lukins, Pryde, Lang, Percy touchdowns) defeated New Zealand 10 (Parsons 3, Gardiner, Stephens, Rollinson, Waudby, Morgan-Puterangi, Jones, Takerei touchdowns)Womenâ€™s OpenGame One: Australia (10) defeated New Zealand (3)Australia 10 (Upton 3, D. Davis 2, Peattie 2, R. Davis, Kearney, Rodgers touchdowns) defeated New Zealand 3 (Engler, Day, Paul touchdowns)Game Two: Australia (9) defeated New Zealand (6)Australia 9 (Watego 2, Peattie 2, Rodgers 2, Kearney, Upton, Dyball touchdowns) defeated New Zealand 6 (Tainui-McIntyre 2, Hopcroft, Mohi, Mahar, Engler touchdowns)Game Three: Australia (14) defeated New Zealand (3)Australia 14 (Watego 2, Peattie 2, Rodgers 2, Michaelopolous 2, McCall, Sargent, Maddick, R. Davis, Upton, Crowe touchdowns) defeated New Zealand 3 (Hotham, Mahar, Evison touchdowns) Menâ€™s OpenGame One: Australia (9) defeated New Zealand (4)Australia 9 (Marshall King 2, Prowse 2, Buckley 2, Norman, Brisby, Springfield touchdowns) defeated New Zealand 4 (Loloselo, Soutar-Finch, Law, Pamatatau touchdowns)Game Two: Australia (7) defeated New Zealand (6)Australia 7 (Prowse, Norman, Good, Brierty, Toner, Francis, Green touchdowns) defeated New Zealand 6 (Cavanagh, Soutar-Finch, Stone, Robinson, Rhind-Rogers, Kake touchdowns)Game Three: Australia (7) defeated New Zealand (3)Australia 7 (Green 2, Hoch, Prowse, Good, Norman, Francis touchdowns) defeated New Zealand 3 (Soutar-Finch 2, Quinn 2, Robinson, Graham touchdowns)Related LinksTT Results
Malik Zaire Ankle InjuryNotre Dame is currently in a dog fight with Virginia, but the outcome of today’s game may not currently be top of mind for Fighting Irish fans. Starting quarterback Malik Zaire appeared to severely injure his ankle late in the third quarter of the team’s contest against the Cavaliers. He was carried off of the field and taken to the locker room by cart.Warning – the below video is a bit graphic. Watch at your own discretion.As the cart comes over, ABC announcers say #NotreDame QB Malik Zaire will be taken off the field for an X-ray.— Carl Deffenbaugh (@CarlDeff) September 12, 2015Notre Dame leads Virginia 19-14. We’ll keep you updated on Zaire’s status.
cordavien suggs top 10Three-star offensive tackle Cordavien Suggs, a 6-foot-6, 260-product of Neptune Beach, Florida, has announced his top 10 schools. Suggs, who is a class of 2017 player, has four SEC programs on his list – along with three ACC schools. He has an interesting mix of programs – from Florida to FAU.Suggs’ list is not in order – and he joked after that he should have presented it in alphabetical order. Check it out:My current Top 10 #Hailstate #Swamp17 #VolNation #Gamecocks #TarHeels #OwlsUp #Wazzu #StripeEmUp #GoCardinals #GT pic.twitter.com/1JpkakxukP— Cordavien Suggs (@_73era) May 18, 2016I really should’ve did that list in alphabetical order— Cordavien Suggs (@_73era) May 18, 2016Suggs is crystal-balled to Mississippi State, according to 247 Sports.
GRAND FORKS, B.C. – The majority of residents in British Columbia’s Boundary region who were forced from their homes by catastrophic floods are free to return home.The Regional District of Kootenay Boundary said evacuation orders have been lifted for about 1,400 properties, leaving about 326 addresses to go by Monday afternoon.Emergency operations centre co-ordinator Chris Marsh said the evacuation orders have been downgraded to evacuation alerts as a precautionary move, but that more flooding of the catastrophic scale already seen isn’t anticipated.“(The alerts are) simply to allow us a bit of time to make sure the hot weather we’re having this weekend and will continue to have this week does not threaten any homes with continued high water,” Marsh said.A few of the more damaged communities — including the neighbourhood of North Ruckle in Grand Forks — are taking longer to assess, as they require inspections from Interior Health before they can be deemed safe, he said.Twenty pairs of firefighters fanned out across the region this weekend, assessing damage at each property and assigning it a coloured placard based on what they find.While officials say they’ve been happy to find the majority of properties have been deemed safe, some residents will return to find yellow or red placards on their doors, indicating the need for a certified inspection or that the building has been deemed unsafe to occupy.Homes that were placed on evacuation order because of lost road access, rather than safety on the property, will not have placards.Members of the Canadian Armed Forces remain in the province to assist in flood protection preparations. While about 100 were stationed at Grand Forks, they are being redeployed to other parts of the province that might still be faced with flooding.Military personnel continue to bolster a large gabion and sandbag wall to protect residences in the Twin Lakes area, the regional district of Okanagan-Similkameen said Monday.The regional district issued evacuation orders to four properties six kilometres west of Keremeos, due to the threat to life and safety, on Monday.A map posted by the Fraser River Regional District website that shows locations where evacuation orders are in place indicated the most recent being 18 properties around undiked areas around Nicomen Island and nine properties next to Harrison Bay.