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For First Time Since Spring, Serious-Delinquency Rates Hold Steady

first_imgSubscribe 2020-12-15 Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / For First Time Since Spring, Serious-Delinquency Rates Hold Steady  Print This Post Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. About Author: Christina Hughes Babb Sign up for DS News Daily Data for September collected by analysts at CoreLogic showed 6.3% of mortgages in the United States are in some stage of delinquency (that includes loans in foreclosure).Compared to September 2019, the delinquency rate nationwide has increased by 2.5 percentage points.“Although delinquencies remain high, it’s clear the economy has passed an initial stress test,” CoreLogic CEO Frank Martell said. “High home equity balances and structural protections put in place as a result of the Great Recession contributed to surviving this test. Housing demand remains strong, and rates low, which provides optimism that the housing market will continue to be a bright spot in this COVID-ravaged economy.”Serious delinquencies of 90+ days past due leveled out during the reporting period for the first time since April.According to CoreLogic’s report, “This is in part due to the Dodd-Frank Act, which limits consumer exposure to risky-lending practices; the CARES Act, which affords borrowers more time to seek financial stability; and a record amount of home equity fueled by rapid home price growth, which provides a buffer against foreclosure.”Chief Economist for CoreLogic, Frank Nothaft, added that the researchers’ analysis of CoreLogic’s public records shows more than half of residential mortgage loans originated since the onset of the pandemic have been no-cash-out refinance. “By reducing their mortgage rate with these types of loans, homeowners have been lowering both their interest expense and risk of delinquency,” Nothaft said.Nationwide, the severity of delinquencies during September 2020 can be broken down as such:Early-stage delinquencies (30 to 59 days past due) 1.5%, down from 1.9% in September 2019.60 to 89 days past due was 0.7%, up from 0.6% in September 2019.Serious delinquency (90 days or more past due and including loans in foreclosure) was 4.2%, up from 1.3% in September 2019 (but down slightly from 4.3% in August)As of September 2020, the foreclosure inventory rate was .3%, down from .4% in September last year.CoreLogic’s monthly loan performance reports can be accessed in full at CoreLogic.com. Data Provider Black Knight to Acquire Top of Mind 2 days ago December 15, 2020 1,423 Views Previous: Mnuchin Addresses GSEs and Conservatorship Next: A Perfect Storm Could Push Back Economic Recovery Servicers Navigate the Post-Pandemic World 2 days ago For First Time Since Spring, Serious-Delinquency Rates Hold Steady Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News Related Articleslast_img read more

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Asian Games 2018: Mamata Banerjee announces a cash award for Swapna Barman

first_imgKolkata: West Bengal Chief Minister Mamata Banerjee announced a money honor of Rs 10 lakh and a job for Swapna Barman, who won India’s first-historically speaking Asian Games gold award in a heptathlon.Bengal tourism minister Gautam Deb approached Swapna’s family in Jalpaiguri and asked her mom to talk the Chief Minister the on telephone, West Bengal Athletic Association secretary Kamal Maitra told PTI.Swapna is probably going to return around September 3-4 and the WBAA is additionally waiting to congratulate the brilliant young lady from Jalpaiguri, Maitra said.The 21-year-old from Jalpaiguri scripted history in Jakarta when she accomplished her own best score of 6026 focuses in the seven-occasion rivalry to win India a first heptathlon gold in Asian Games.Wishes poured in from all quarters including Bengal icon Sourav Ganguly, who praised Swapna on his official Twitter handle.”Congrats to Swapna Burman @Swapna_Barman96 ..for her gold ..we in India and Bengal are so upbeat and glad,” Ganguly tweeted.Swapna is yet another story in Indian Olympic games that has seen her fight destitution and physical trouble to keep running with sick fitting shoes that dependably squeeze the six toes on every one of her feet.Her dad Panchanan Barman was a rickshaw puller till a stroke constrained him to remain at home, while mother Basana Devi worked as a house keeper.Knowing about Swapna’s enthusiasm for the sport, her dad Panchanan Barman, used to settle bamboo sticks on the field in the lawn of his tin-roofed house for her to rehearseAfter coming back from school, she used to rehearse there and that is the manner by which her adventure from Jalpaiguri to Jakarta started for her.last_img read more

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