Mortgage Industry Shifting Its Credit Standards

first_imgHome / Daily Dose / Mortgage Industry Shifting Its Credit Standards Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn in Daily Dose, Featured, Market Studies, News, Secondary Market Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily  Print This Post Subscribe Share Save Previous: Unemployment Rate Skyrockets to 14.7% Next: 7.7% of Mortgage Now in Forbearance Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: credit Mortgage Forbearance Servicing Related Articles Mortgage Industry Shifting Its Credit Standardscenter_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago May 8, 2020 2,386 Views The Best Markets For Residential Property Investors 2 days ago 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. The Week Ahead: Nearing the Forbearance Exit 2 days ago Mortgage rates are at record lows, but borrowers hoping to take advantage are running into the toughest loan-approval standards in years, Bloomberg reportsThe triggers, industry executives say, include lenders becoming risk-averse during the coronavirus crisis, knock-on effects of Congress allowing millions of borrowers to delay their monthly payments, and policies implemented amid the pandemic by mortgage giants Fannie Mae and Freddie Mac. The impact has been dramatic, with one model showing mortgage credit availability has plunged by more than 25% since the U.S. outbreak of the virus.In March, riskier borrowers “could get a mortgage but just pay a higher price than other people,” said Michael Neal, a senior research associate at the Urban Institute Housing Finance Policy Center. “Now, some people are just not going to get mortgages.”JPMorgan Chase & Co. tightened its standards last month, requiring borrowers to have minimum credit scores of 700 and to make down payments of 20% of the home price on most mortgages, including refinances if the bank didn’t already manage the loan.Wells Fargo & Co. increased its minimum credit score to 680 for government loans that it buys from smaller lenders before aggregating them into mortgage bonds.In the secondary market, industry executives say the tighter underwriting is partly in response to policies put in place by Fannie and Freddie that make it expensive or risky to make certain kinds of mortgages. For instance, Fannie and Freddie said last month they would buy mortgages where the borrower had already entered forbearance.However, mortgage-finance companies excluded cash-out refinances. Mortgage Bankers Association Chief Economist Michael Fratantoni said that prompted many lenders to limit issuance of those products.Fannie, Freddie and government agencies such as the Federal Housing Administration set standards for the mortgages they’re willing to back. For example, the FHA will insure loans where the borrower has a credit score of as low as 580 with a 3.5% down payment. Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago credit Mortgage Forbearance Servicing 2020-05-08 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Film – Adjunct

first_imgPosition TitleFilm – Adjunct Teaching Responsibilities State and Federal law permit California Baptist University todiscriminate on the basis of religion in order to fulfill itspurpose. The University does not discriminate contrary to eitherState or Federal law. * Do you attend church regularly?YesNo A terminal degree in the field, or closely related discipline, ispreferred. Candidates working toward a terminal degree, or who havesignificant experience in the field, may be considered. Candidatesmust embrace the mission of California Baptist University, andevidence a clear understanding of, and commitment to, excellence inteaching through the integration of Christian faith. Successfulcandidates will have a history of quality University teachingexperience or significant professional engagement in the field, anddemonstrated relational skills. * Are you a Christian?YesNo Position Summary Quick Link to Posting Teaching responsibilities in the undergraduate Film program.Specific course assignments will be dependent upon applicantqualifications.center_img Qualifications If no, please explain (required):(Open Ended Question)* Are you both familiar with and not in conflict with thefundamental doctrines and practices of the California SouthernBaptist Convention as stated in the Baptist Faith and Message datedJune 14, 2000? (Please see above link for more information)Yes (I am familiar and not in conflict)No (I am in conflict or not familiar) The College of Architecture, Visual Art, and Design ( CAVAD ) atCalifornia Baptist University invites applications for adjunctfaculty positions in the Department of Film. Review of applicationsis conducted in an ongoing manner according to need. Posting Details Nondiscrimination Statement Supplemental QuestionsRequired fields are indicated with an asterisk (*). Applicant DocumentsRequired DocumentsChristian Experience EssayCover LetterCurriculum VitaeOptional DocumentsLetter of Reference 1Letter of Reference 2Unofficial Transcriptlast_img read more

IS IT TRUE JUNE 29, 2017

first_img EDITORS FOOTNOTES:  If you would like to advertise or submit and article in the CCO please contact us City-County [email protected] .Any comments posted in this column do not represent the views or opinions of our advertisers. IS IT TRUE that it’s being alleged that Deaconess Hospital-Evansville recently signed a “Letter of Intent” with Henderson Methodist Community Hospital agreeing that both entities would cooperate in the sharing of physicians and other hospital services?IS IT TRUE that it’s also being alleged that Deaconess Hospital-Evansville may be considering a move to help secure a bond debt owed by Henderson’s Methodist Community Hospital to the tune of $25 to $30 million dollars?  …if this is true it would seemingly allow Deaconess Hospital-Evansville to secure some financial and operative controls over Henderson’s Methodist Community Hospital?IS IT TRUE we have been told that the Methodist church of Kentucky may have some legitimate interest in the finances of Henderson Methodist Community Hospital?  … that the Henderson Methodist Community Hospital Board of Directors should be concerned about how the Methodist Church of Kentucky will look at any contractual agreement with Deaconess Hospital-Evansville?IS IT TRUE we wonder why members of the main stream has been so quiet about the Henderson’s Methodist Community Hospital and Deaconess Hospital-Evansville issue?IS IT TRUE we highly recommend that the Henderson’s Methodist Community Hospital Board of Director pay special attention to the concerns of their 1600 plus employees concerning any contractural agreements that may effect their employment status?IS IT TRUE that Teamsters Local 215 Awards $210,000 In Scholarship Funds for 2017?  …we will be publishing a detailed list of the winners next week?IS IT TRUE that earlier this week County Commissioner Ben Shoulders had a car wreck?  …he is doing fine?IS IT TRUE we still can’t believe the way City Councilwoman Mercer verbally insulted veteran Councilwoman Connie Robinson during the last Council meeting? …Councilwoman Mercer would do herself justice if she would attack the deficit spending habits of the Mayor and not fellow Councilwoman Robinson? EDITORS FOOTNOTES: “READERS POLL” question is: If the election were held today for Democratic party nomination for Mayor of Evansville who would you vote for? FacebookTwitterCopy LinkEmailSharelast_img read more

NACTA Conference

first_imgFor more information about NACTA, please visit in 1859, the College of Agricultural and Environmental Sciences at the University of Georgia is the state’s home for cutting-edge research, student-focused instruction and Cooperative Extension public service and outreach programs. On three campuses across Georgia – in Athens, Griffin and Tifton – CAES offers courses of study in 22 majors, 18 minors and 28 graduate programs that cover the breadth of agricultural, environmental and food sciences. In each field, students are able to work directly with world-class researchers who are finding answers to tomorrow’s food supply and environmental questions. For more information, visit More than 300 faculty and graduate students from agricultural colleges across the nation will gather at the University of Georgia this week to learn about the latest research in teaching and mentoring students in agricultural, food and environmental sciences. The North American Colleges and Teachers of Agriculture (NACTA), a professional society that focuses on the scholarship of teaching and learning agriculture and related disciplines, is conducting its 2015 annual conference at UGA. The UGA College of Agricultural and Environmental Sciences (CAES), home to several nationally recognized instructors, is hosting the event. “At CAES, we strive to provide engaging, challenging instruction that prepares our students to become the next leaders in the world of agriculture and environmental sciences,” said Jean Bertrand, assistant dean for academic affairs at the college and chair of the 2015 NACTA conference planning committee. “Participating in the NACTA conference gives instructors the tools needed to lift their teaching effectiveness to the next level and keep an eye on the developments of the future.” Over the five days that NACTA members are at UGA, they will cover best practices for teaching agricultural sciences through skill-sharing presentations. Topics to be discussed range from curriculum for undergraduate research methods to teaching international extension programs through service-learning. Presentations will focus on service-learning strategies, curriculum development, student recruitment, experiential learning and other topics facing higher education instructors across the country. In addition to sharing oral and poster research presentations, the conference will include tours of UGArden, the UGA Campus Arboretum, The Trial Gardens at UGA and the State Botanical Garden of Georgia as well as local farms, historic sites and culinary landmarks. last_img read more

Champlain College President Finney, Martha Heath, Bennington College honored by NEBHE

first_imgThe New England Board of Higher Education (NEBHE) honored Champlain College President David F Finney, Vermont State Rep. Martha P. Heath and the Quantum Leap program at Bennington College at its 2010 New England Higher Education Excellence Awards earlier this month.Each year, NEBHE presents Regional Excellence Awards to individuals and organizations that have shown exceptional leadership on behalf of higher education and the advancement of educational opportunity. The organization also presents State Merit Awards to honor the innovative work of organizations, institutions or individuals in each New England state. The awards were presented March 5 at The New England Higher Education Excellence Awards dinner at Boston’s Longwharf Marriott Hotel.David F. Finney, president of Champlain College received the Robert J. McKenna Award for program achievement. The award is named for the former Rhode Island state senator and Newport mayor. Under Finney’s leadership, Champlain College has committed to keeping the Vermont economy robust, establishing the Bring Your Own Business (BYOBiz) program to attract entrepreneurs in 2006 as well creating the New Americans Scholarship program to reach Vermont refugee students and the Vermont First Scholarship program to serve first-generation college-goers.Rep. Martha P. Heath, chair of the Vermont House Appropriations committee, and former University of Vermont trustee received the David C. Knapp award for trusteeship, named for the former University of Massachusetts president. As chair of the Vermont House Appropriations Committee, Heath has advocated for the value of higher education and consistently supported efforts to increase educational awareness and aspirations beyond high school.The Quantum Leap program at Bennington College, led by directors Daniel Michaelson and Susan Sgorbati, received the Vermont State Merit Award. The Quantum Leap program helps children who seem least likely to succeed—who often come from chaotic home lives, extreme poverty and traumatic histories—to return to school and discover a love for learning.NEBHE President and CEO, Michael K. Thomas commented, “President Finney and Rep. Heath are truly distinguished leaders, their work on behalf of Vermont’s students, its economy and the region is exemplary. The Quantum Leap program’s innovative approach to turning around the future of young Vermonters has become a respected model for schools across the state, and the nation. NEBHE is proud to honor these winners.”Additional information about NEBHE’s New England Higher Education Excellence Awards is available online at is external)Champlain College President David F. Finney, left, is joined by University of Vermont President Daniel Fogel as he receives the Robert J. McKenna Award for program achievement from New England Board of Higher Education President Michael K. Thomas at the annual New England Higher Education Excellence Awards held March 5 in Boston. (Photo courtesy of NEBHE)Champlain CollegeA private, residential college founded in 1878, Champlain College in Burlington, Vermont, has a long tradition of educating professionals for leadership roles by providing a high-quality, career-oriented education. Champlain’s distinctive educational approach embodies the notion that true learning only occurs when information and experience come together to create knowledge. Champlain was named a “Top-Up-and-Coming School” by U.S. News & World Report’s America’s Best Colleges 2010. To learn more about Champlain College, is external).New England Board of Higher EducationNEBHE is a nonprofit, congressionally authorized agency whose mission is to promote greater educational opportunities and services for the residents of New England. NEBHE programs are principally focused on the relationship between New England higher education and regional economic development.Source: Champlain College. 3.16.2010last_img read more

Bolivia Intensifies Anti-Drug Fight Following Police Chief’s Fall

first_imgBy Dialogo July 21, 2011 Bolivia has succeeded in striking a series of blows against drug trafficking in the last month, including the destruction of almost three hundred drug factories, following the fall of a powerful former anti-drug chief who pleaded guilty to exporting cocaine in a U.S. court. The destruction of the factories and the arrest of a Colombian crime boss also coincided with the start of a new Bolivian campaign in favor of the decriminalization of traditional uses of coca leaf, the raw material for the drug. “In recent days, there have been several very significant events working against this plague (drug trafficking),” Interior Minister Sacha Llorenti said at a press conference Monday, upon presenting a summary of recent police operations that he described as a “crushing blow” against drugs. An official report emphasized that a “mega-operation” in the eastern department of Santa Cruz over the weekend led to the destruction of 281 small cocaine factories and the seizure of significant amounts of drugs and cash. “It’s one of the most severe blows that drug trafficking has suffered (in Bolivia), not only in recent years, but in recent decades, and we’re going to continue,” Llorenti added, emphasizing that since the departure of the DEA, President Evo Morales’s administration is seeking to strengthen cooperation with the police of neighboring countries such as Brazil, Peru, and Chile. The minister avoided confirming whether the recent anti-drug successes of Morales’s administration were related to the fall of the former head of the Special Force for the Fight against Drug Trafficking, retired police general René Sanabria. Sanabria, who was a member of an elite state intelligence group when he was detained early this year in Panama, pleaded guilty to drug trafficking in June, avoiding a trial in which he might have been sentenced to life in prison. Pleading guilty in a U.S. court is generally part of an agreement with the public prosecutor’s office to reduce the sentence in exchange for information that may help to convict others, local media have indicated in recent days. Among the police operations of the last month, Llorenti highlighted the arrest of the Colombian Carlos Noel Buitrago Vega, alias “Porremacho,” an alleged leading drug trafficker who was deported at the end of June, to his country of origin, where he is expected to face “fifty trials for various offenses.”last_img read more

Time is called on six pub freeholds

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Over 120 artists break ground at Art on the Bay

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisFor its 42nd year, the Thunder Bay Arts Council selected over 120 original artists for the Art on the Bay craft show. Check out the thousands of hand-made pieces.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious Unearthing history at Evergreen CemeteryNext Wine down with new flavors at beverage tasting eventlast_img

Italy down Belgium, Pique bails out Spain

first_imgSweden fightbackIreland and Sweden remain in the fight to make the last 16 after Ciaran Clark’s own goal cancelled out Wes Hoolahan’s brilliant finish for the Irish in Paris.Hoolahan met Seamus Coleman’s flighted ball with a controlled first-time strike three minutes into the second-half at the Stade de France to give Ireland a lead they fully deserved.However, having been kept quiet for long spells by the Irish defence, Sweden captain Zlatan Ibrahimovic created the equaliser in the 71st minute when his cutback was turned into his own net by Aston Villa defender Clark.“Of course the goal deflates you and there is disappointment in the dressing room, but I don’t think the players should be downhearted with their performance,” said Ireland manager Martin O’Neill“I think they should be absolutely thrilled with the way we played.”By contrast, Sweden boss Erik Hamren admitted his side need to improve drastically if they are to reach the knockout stages.“Even though we managed to come back and equalise, I am disappointed. We will need to play at 300 percent to get through,” he said.Share on: WhatsApp Pique to the rescueSpain’s quest to win an unprecedented third consecutive European championship got off to a winning start as Barcelona defender Gerard Pique overcame dogged Czech defence to seal a 1-0 win in Toulouse. Emanuele Giaccherini’s strike just after the half hour put future Chelsea manager Antonio Conte’s men in front before Southampton striker Pelle sealed the win with a thumping finish from Antonio Candreva’s cross.Belgium now face a crucial clash with Ireland on Saturday in Bordeaux if they are to avoid an embarrassing early exit.A star-studded Belgian attack containing Eden Hazard, Kevin de Bruyne and Romelu Lukaku were frustrated throughout by Italy’s ‘BBC’ defence of Andre Barzagli, Leonardo Bonucci and Giorgio Chiellini.“The defence was fantastic, I think we have the best back line in the competition, they made the difference,” said goalscorer GiaccheriniAt the other end, the Belgians were exposed when Bonucci’s long floated pass found Giaccherini in behind the Belgium defence to stroke his shot past the exposed Thibaut Courtois.Belgium upped the intensity after the break and twice came close when Lukaku clipped the post before his replacement Divock Origi headed over when unmarked from close range.But Italy continued to pose a threat on the counter-attack and sealed a massive three points when Pelle volleyed into an unguarded goal from Candreva’s unselfish cross. Pique, a target of abuse from Spain fans this season due to unflattering comments about Barca’s rivals Real Madrid, was the unlikely hero as he powered home man-of-the-match Andres Iniesta’s cross at the far post three minutes from time.“It is very important to start well,” said Pique.“We played well, controlled the game, created chances, but the ball didn’t want to go in. In the end I had the luck to score the goal.”Spain’s build-up to the tournament was rocked by reports last week claiming goalkeeper David de Gea had been involved in a sex scandal.But coach Vicente del Bosque kept faith in the Manchester United shot-stopper by handing him the gloves ahead of the legendary Iker Casillas.De Gea’s opposite number was much busier. Arsenal’s Petr Cech kept the European champions at bay with fine saves to deny Alvaro Morata, Jordi Alba and David Silva.Cech’s resistence was finally broken in uncharacteristic fashion when Pique was on hand to turn home Iniesta’s inch-perfect cross at the back post.However, there was still time for De Gea to justify his inclusion as he parried Vladimir Darida’s thunderous volley to safety. Belgium 0 Italy 2Spain 1 Czech 0Paris, France | AFP |Graziano Pelle sealed a stunning start to Euro 2016 for Italy as the Azzurri condemned highly-fancied Belgium to a 2-0 defeat on Monday.The Red Devils are the highest ranked side on show in France, but were punished by a ruthless Italian performance despite dominating for long spells of the Group E clash in Lyon.last_img read more

Wenger ‘amazed’ at speculation over Arsenal future

first_img“My position is my position. Honestly, that’s the last worry I have at the moment. My worry is to focus, to get the team ready for tomorrow’s game.”The Frenchman defended the performance of his players at Wembley, where several were labelled as “spineless” and a “disgrace” by match commentator Neville as they were shown walking when out of possession.“You can always get out pictures from a game that justifies what you think, you find in every single game, on both sides, moments where a player doesn’t track,” he said.“After you have to analyse why, has he made two runs before to go in behind and was exhausted, or did he not track because he didn’t want to? That is different.“I believe we have to live with that criticism and respond together like we always do.“We didn’t play against a poor team in the semi-final, we played against Chelsea and we have shown that we can fight. You have to acknowledge as well that Man City are a quality team.”Wenger’s hopes of avenging the Wembley defeat have been further hit by the announcement that Nacho Monreal will miss the game through injury.The 32-year-old defender had been one of Arsenal’s better performers this season before a back injury forced him off less than half an hour into Sunday’s final.Share on: WhatsApp London, United Kingdom | AFP | Arsene Wenger on Wednesday said he was “amazed” at fresh speculation over his future as he prepares his team to face Manchester City just days after Arsenal’s League Cup final humiliation against Pep Guardiola’s men.The Frenchman has come under sustained fire since an abject display in Sunday’s 3-0 hammering at Wembley but must now lift his team to take on the Premier League leaders on Thursday.Arsenal’s season is threatening to unravel — they are 10 points behind fourth-placed Tottenham Hotspur in the Premier League table and look set to miss out on Champions League football for a second consecutive year.They are out of the FA Cup and will face Italian giants AC Milan in the last 16 of the Europa League, which is their only remaining chance of winning a trophy this season.Arsenal’s limp display led to stinging criticism from former Manchester United and England defender Gary Neville as well as former Gunners Ian Wright and Thierry Henry.But Wenger, speaking at his pre-match press conference, responded with apparent shock when asked if the result meant his long tenure was now under increased threat.“I am just amazed that I have to always answer things that are exactly the same,” said the 68-year-old.“I am here for 21 years, I turned the whole world down to respect my contracts. So I am still amazed that I still have to answer these types of questions.last_img read more