Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, TX. Born and raised in Texas, Kendall now works as the online editor for DS News. Previous: GSEs Would Need Another Bailout According to Stress Test Next: Write-Off Rates Return to Pre-Crisis Levels Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles In Donald Trump’s recent speech at the Detroit Economic Club, Trump called for a temporary moratorium on new financial regulations. According to Collingwood Group, this could mean a boom to the housing and mortgage markets.“Regulations imposed after the financial meltdown have meant increased costs for lenders and borrowers, the tightest credit box in my 25-year career, and all of which have contributed to what now is the lowest homeownership rate in 51-years,” says the Collingwood Group Chairman Tim Rood.Trump’s speech argues that his background as a real estate developer makes him a qualified candidate to lead the United States economy.”We don’t know about all that,” says Rood, “but that background clearly will be helpful since he understands the housing, commercial real estate and maybe the mortgage business as well.”Trump’s speech announced his plan to lower individual income-tax rates, taking the top rate to 33-percent. Despite the fact that this is higher than the 25-percent top rate Trump had initially proposed, it is still a decrease from the current top rate of 39.6 percent and would me more money in the hands of the consumer.“Under Trump we hope he opens housing markets to first-time buyers and millennials alike by reducing their taxes and giving them more disposable income,” says Collingwood Groups’ Rood. “In addition we hope he cuts regulations that prevent foreigners from using cash to buy homes, after all.” ‘As Senator Clinton promised 200,000 jobs in Upstate New York – her efforts fell flat.’ https://t.co/I2WqZb5N8P pic.twitter.com/i5S3mtJWpe— Donald J. Trump (@realDonaldTrump) August 8, 2016Trump’s speech follows his previous announcement given last week of his economic advisory council. Members of that council include financiers John Paulson, Andy Beal, and Stephen Feinberg, as well as energy executive Harold Hamm.“Relative to housing, I hope the impressive group of economic advisors Trump chose highlight for him the tight credit market and its negative impact on the ability of middle class families to buy a home in particular minority homebuyers,” says the Collingwood Group Vice Chairman Brian Montgomery, former Assistant Secretary of HUD and FHA Commissioner. “I would also add to the list soaring apartment rental rates especially in urban markets making it nearly impossible for lower income families to live there, a regulatory environment that has driven the cost to originate a mortgage loan to record high levels, and finally how to begin extracting the full faith and credit of the U.S. government from a $6 trillion housing market and bring back private capital.” in Daily Dose, Featured, Government, News The Best Markets For Residential Property Investors 2 days ago Tagged with: Collingwood Group Donald Trump Housing Market Regulations Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Home / Daily Dose / Trump’s Moratorium Could Spell Changes to the Housing Market The Week Ahead: Nearing the Forbearance Exit 2 days ago August 8, 2016 1,389 Views Servicers Navigate the Post-Pandemic World 2 days ago Subscribe About Author: Kendall Baer Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Collingwood Group Donald Trump Housing Market Regulations 2016-08-08 Kendall Baer Trump’s Moratorium Could Spell Changes to the Housing Market Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago
Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Print This Post 2020-10-23 Christina Hughes Babb Servicers Navigate the Post-Pandemic World 2 days ago Forbearance Volumes Down From Peak Share Save The Best Markets For Residential Property Investors 2 days ago Previous: A Confluence of Events Next: The Week Ahead: The State of Property Preservation Demand Propels Home Prices Upward 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Christina Hughes Babb October 23, 2020 1,211 Views Home / Daily Dose / Forbearance Volumes Down From Peak 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. Forbearances continued to decline, modestly, from May’s pandemic-related peak, according to data from Black Knight’s McDash Flash Forbearance Tracker, which showed forbearance volumes fell by 11,000 from the prior week.”This was the result of larger declines among GSE loans (14,000) and portfolio-held and privately securitized loans (2,000) being offset by an increase of 5,000 in FHA/VA loans in forbearance,” Black Knight reported Friday.Almost 3 million borrowers, as of October 20, remain in active COVID-19 forbearance plans—that represents 5.6% of first lien mortgages.According to Black Knight, “This is a noticeable reduction from the market’s peak of 4.76 million in late May. More than 80% of remaining forbearance plans have had their terms extended with their servicer.”The following chart shows how this week compares to the past months:The report continues, “Despite the muted improvement seen this week, overall forbearance volumes are down 623K month-over-month, driven by the large reduction in loans in active forbearance plans at the beginning of the month. This marks a 17% decline from September, showing sustained downward movement in forbearance volumes … overall, active forbearance numbers are heading in the right direction, though the COVID-19 pandemic continues to present unique and unprecedented market conditions.”For Black Knight’s weekly forbearance report, visit the Black Knight website. Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago
1Buzz Points analytics, 20152Wall Street Journal, “Consumers Say More Rewards Is Their Top Demand From Banks,” 20143EY, “EY Global Consumer Banking Survey,” 2014 26SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Dante Dominick Danté Dominick is an award-winning content and marketing strategist with specialized knowledge for the financial services industry. He has helped over a hundred community financial institutions improve their image, creative … Web: www.buzzpoints.com Details The 2015 Debit Issuer Study is here. The annual report commissioned by PULSE® has been a bellwether for card issuers for the past ten years, providing key measurements, trends, and invaluable insights.This year’s study delivers more qualitative and quantitative data derived from meticulous primary research (conducted by Oliver Wyman). Here we’ll take a look at just a few of the data points, and how they can inform a credit union’s growth strategy when considered with more industry analysis.Numbers geeks…..get ready to have some fun. But if you’re the type to get lost in a narrative of numbers….you can probably just skim the headlines and still get the full picture.Debit Increasingly Integral to DDA Growth, ProfitabilityA good starting point is some baseline metrics, then we’ll dive deeper. Most key performance indicators (KPIs) stayed constant, with a little growth in others. Average transactions per active card per month rose 5% up to 20.2, driving an increase in annual spend per active card from $8,875 to $9,291.Perhaps it’s no surprise that penetration rates are higher among new accounts (83%) than overall (76%). Given that the overall figure includes the new accounts as well, the disparity is even greater than this seems. This makes sense as most issuers now make linking a debit card part of the process to open a checking account, and more new accounts are being opened by younger generations.This gets interesting when attrition is also considered. Overall financial institutions (FIs) are losing accounts as fast as they’re gaining them. But community banks are struggling more than most FIs, losing significantly more than they’re gaining, while credit unions are performing the best. But as the study points out, even for credit unions “It is very difficult to grow when facing the headwind of so much churn.”Average DDA acquisition and attrition ratesDebit Rewards Key to Combatting AttritionPutting a halt to all this churn should be a top priority for long-term profitability. Given the continued rise in debit usage among Americans and importance of the accompanying non-interest income, the debit card is a great place to start.In one measure of nearly a half million cardholders, those enrolled in the rewards program offered by their FI had a 46% lower churn rate than those not enrolled in the rewards program.1 This real-world data echoes the sentiment delivered in consumer surveys. Among the eye-openers, 88% of Americans say rewards are a top priority in choosing where they bank (ranking higher than anywhere/anytime access)2 and 65% are willing to increase their wallet share with an FI that offers rewards.3Looking at the attrition problem from every angle, we see that:Debit rewards are critical to attract new account holders,They’ll lead to greater wallet share (i.e., interchange revenue)Cardholders active in a rewards program have much lower attrition ratesEMV Increasing Expenses and Fraud Loss, Especially on Signature TransactionsEMV is on everyone’s agenda. Literally. With 100% of FIs in the 2015 Debit Issuer Study reporting they have either already begun or plan to begin issuing EMV chip cards.While this isn’t exactly news, the various points of increased costs are to some issuers. Starting with the plastic itself, which comes in at a 100% estimated cost increase per EMV debit card over magnetic-stripe cards.Additionally, financial institution executives echo industry analyst predictions that the EMV rollout will create a significant uptick in fraud loss rates. Irony aside, this needs to be accounted for in projections and growth strategies. Interestingly, the greatest threat of increased fraud – and the accompanying expense – is on signature-based transactions.Citing migration to card-not-present transactions following EMV adoption, nearly half (47%) of issuers expect an increase in fraud loss rate for signature transactions, compared to just 25% expecting an increase in PIN fraud loss rates. This is even more monumental when considering credit unions’ fraud loss rate on signature transactions is already 13X greater than PIN transactions.Issuers’ Expectations for Fraud Over the Next Two YearsDebit Rewards Mitigate Increased EMV CostsMore transactions and larger tickets generated by debit rewards programs yield more revenue, which becomes even more important considering the increased costs of chip cards. In “A New Idea for Stronger, Cost-effective EMV Rollout,” we see how a well-timed rollout can increase enrollment and magnify the revenue impact of a rewards program.An old-school philosophy was to structure such a program toward signature-only transactions. The economics of this hasn’t made sense in years, with signature-only programs underperforming (more on that in “Rewards Come Roaring Back…with a New Twist”). The PIN/signature fraud projections outlined above add more fuel to the more successful strategy of providing rewards on all purchases, PIN and signature.A (Missed?) Opportunity for 2015Tucked away on the last page of data in the 2015 Debit Issuer Study is a look at what banking executives consider to be key challenges and opportunities. Among exempt FIs, 29% view debit card rewards as a key opportunity for 2015.This may seem strong at first, given that it represents nearly a third of all community financial institutions. But considering the insights and impacts of rewards programs outlined in this article – profitability growth, consumer demand, reduced churn, EMV cost mitigation – it seems 71% of community financial institutions are missing this gift horse that’s hiding in plain sight. Unless otherwise noted, all data from “2015 Debit Issuer Study,” commissioned by PULSE.
Tweet Sharing is caring! BRIDGETOWN, Barbados (BGIS) — Leptospirosis is of great concern to the Ministry of Health in Barbados. According to Chief Medical Officer (CMO), Dr Joy St John, at a press briefing, there is more than one strain of leptospirosis and the bacteria is not only spread by rats and mice but can be transmitted through other animals such as lizards, monkeys, dogs, mosquitoes, toads, mice, goats, sheep, cattle and pigs, among others.She added: “The risk factors associated with leptospirosis are all dependent on the level of exposure… We realised from our information that a high risk of exposure is usually directly related to your occupation, the environment you live in or your lifestyle.” She noted that the main occupational groups at risk included farm and agricultural workers, pet shop workers, veterinarians, sewer workers, abattoir workers, meat handlers and the military.St John explained that the potentially serious bacterial illness could enter the body through broken skin or through ingestion. She indicated that it was characterised by fever, headache, chills, nausea and vomiting and eye inflammation. Moreover, she said in severe cases, the illness could cause yellowing of the skin and whites of the eyes, which is indicative of liver damage caused by jaundice. Persons could also experience kidney failure and internal bleeding, she noted.The CMO, therefore, encouraged individuals experiencing these symptoms to seek medical attention immediately. St John stated that since the last reported case of leptospirosis, there had been two more deaths, in quick succession, due to the illness.The CMO further advised persons that hospitalisation would be necessary if there were signs of low blood pressure, decreased urine output, yellowing of the skin and eyes, spitting blood, breathlessness, irregular pulse and altered levels of consciousness.The Ministry of Health has urged members of the public to take care of their surroundings and to exercise care when in high risk areas.By Alyson HolderCaribbean News Now 13 Views no discussions Share Share NewsRegional Leptospirosis a growing concern in Barbados by: – December 22, 2011 Share
Peak Milk, the number one diary brand in Nigeria and major sponsor of the Nigerian para-powerlifting team – The Unstoppables, has congratulated the team for clinching all the 20 gold medals at stake at the 2019 Lagos International Para-powerlifting Competition which ended on Wednesday night.Nigeria topped the medals table at the end of the competition, with 20 gold, 15 silver and 7 bronze medals.According to Chris Wulff-Caesar, Marketing Director, Friesland Campina Wamco Nigeria plc, producers of Peak milk: “We are very delighted that the Unstoppables were able to clinch all the gold medals. “It is not just a matter of Corporate Social Responsibility but the brand purpose of Peak milk, is to enable all Nigerians reach their peak everyday. To achieve this goal, the Peak brand provides quality nourishment for stronger bodies and sharper minds,” stressed the Peak official.Wulff-Caesar said: “Peak recognizes a remarkable set of people who achieved ground breaking success against all odds, that’s why we call them ‘The Unstoppables’. Our decision to partner the team is in line with the brand’s promise to enable and empower its teeming consumers to reach their Peak, regardless of any limitations.“The Unstoppables have always demonstrated their determination to make the country and the continent proud in all competitions”.The World Para-powerlifting Competition, the first of its kind in Nigeria, featured six visiting African countries with 15 International Para-powerlifting Committee (IPC) officials from 10 countries.It would be recalled that Peak milk, in 2016, launched ‘The Unstoppables’ campaign to recognize the world acclaimed accomplishments of Nigeria’s special sports athletes who have done the country proud in several continental and global meets such as the All Africa Games, the Commonwealth Games and the Peak of it all – the Olympics.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram
Cranbrook’s Tom Shypitka stopped the bleeding his Kootenay rink was experiencing during Thursday’s action at the Tim Horton’s BC Senior Men’s Curling Championships Thursday in Trail.Shypitka, third Fred Thomson of Nelson, second Don Freschi of Trail and Bill King of Fruitvale, broke open a close game with a combined five points in the fifth and sixth ends to double Kelowna’s Garry Gelowitz 8-4 during Draw six.The win hallted a two-game losing streak and powered Shypitka into a two-way tie for second with Mel Steffin of the Royal City Curling Club at the eight-team Championship. Both rinks are 4-2.Craig Lepine of Langley leads the field with a 5-1 record after dumping Rick Pughe of New Westminster 7-3.Myran Nichol of Castlegar, the other Kootenay rink entered, also managed to bounce back into the win column with an 8-4 victory over winless Ken Teskey of Williams Lake.Nichol, third Rick Brown, second Terry Kryzcka and lead Rob Babiarz, at 3-3, is locked in a three-way tie for fourth. The final round robin draw goes Friday at 9 a.m. with Shypitka facing Teskey and Nichol up against Gelowitz.Lepine battles Steffin while the two New Westminster rinks, Wes Craig and Rick Pughe, play in the other match.Playoffs follow with the first round set for 2 p.m. and 7 p.m. Friday.The Teresa Hiram rink of Grand Forks lost both games Thursday to sit at 1-5 in the Tim Horton’s B.C. Senior Women’s Curling Championships at the Trail Club.Hiram, third Rhonda Lee Bedard, second Rose Beauchamp and lead indy Pettapiece lost 12-3 to Brenda Ridgeway of Nanaimo and 9-4 to Wendy Cseke of Salmon Arm Thursday.Hiram meets winless Cheryl Wyatt of Terrace Friday.Karen Lepine of Langley leads the women’s standings with a 6-0 mark.Ridgeway is 5-1 while Debbie Jones-Walker of Nanaimo is third at 4-2.
Was it, or wasn’t it? Was it or wasn’t it a bad call, or was it or wasn’t it a great game.The 2014 Grey Cup delivered it’s share of glitz and glimmer and, at the same time, some controversy as the Calgary Stampeders hung on to clip the Hamilton Tiger Cats 20-16 Sunday before 52,000 plus fans of Canadian Football at BC Place in Vancouver.This time your’s truly got to experience the game from the fans point of view, sitting at the 50-yard line behind the Stamp bench after getting the media treatment during previous Grey Cups in Vancouver.But even before fans watching on television saw crazy spectators in action in the stands, those, including myself, witnessed craziness on the streets outside BC Place.Fans from throughout the CFL lined up to attend the tailgate party next to the Terry Fox statue and the Plaza of Nations.Cheerleaders from Calgary, Hamilton and BC, along with live bands, entertained the fans who began streaming into the stadium the moment the doors opened.Dressed in their favourite team colours, and yes there were even Lions faithful donning the painted faces and kooky costumes, fans joined in with the traditional “Fan Parade” complete with the Grey Cup, on Robson Street.The scene was reminiscent of what I experienced in 2010 during the Winter Olympics.”Bought our tickets back in December,” a dressed up Hans from Saskatchewan in Rider garb said from the Plaza of Nations tailgate party.”I’ve been to the last four Cups. I enjoy meeting the people and having fun,” Hans said when asked about if he’s disappointed the Riders didn’t make it back to defend the Cup won in 2013 in Regina. Inside the game was, well, a little boring as Calgary toyed with the Tiger Cats through the first half.And whoever organized the halftime show had better give their heads a shake.While the Imagine Dragons, an American Indie rock band from Las Vegas, rocked BC Place, only a third of the fans — not including me — got a chance to see the act live as the stage blocked out most of the people in the seats.Gotta love organizers catering to the television audience instead of the people who paid big bucks to see the game live.Back to the game, Hamilton somehow made it a game, moving the ball down the field and rallying from a 17-7 halftime deficit.However, instead of touchdowns all the Cats could materialize were field goals.Then with time running out, and Calgary punting the ball to the Tiger Cats spark plug Brandon Banks, the unthinkable happened.Like he did in the Eastern Final to Montreal, Banks took the ball from deep in his territory, first broke to his left before reversing the field and running the ball some 90-plus yards into the end zone.However, it was all for not as Hamilton’s Taylor Reed was whistled for a holding penalty on the play.Hamilton fans experienced first hand what Roughrider fans felt in 2009 when an Illegal substitution resulted in too many men on the field, for Saskatchewan.David Duval had missed his field goal attempt on the play but got another chance, and nailed it, to give Montreal the championship.The game, at that point, was for all intense and purpose, over.Zach Collaros tried to initiate a late-game rally, but the Hamilton quarterback was a sacks twice, the final play resulting his “Hail-Mary” pass being deflected out of his hands. “We left too many points on the field,” said a Hamilton fan during a Global TV interview from outside BC Place. “Too many points.”And one too many holding calls.
ARCADIA, Calif. (Oct. 6, 2016)–With the temporary rail set at 30 feet, Hillhouse High broke alertly from her number two post position and cruised to a front-running one length win under Santiago Gonzalez in Thursday’s $55,000 allowance feature at Santa Anita. Trained by Richard Baltas, the 5-year-old Kentucky-bred mare by Exchange Rate got a flat mile on turf in 1:33.96.Based in New York prior to shipping west to Baltas this past summer at Del Mar, Hillhouse High ran a big second in her Southern California debut going one mile on grass Aug. 20.The (Richard) Mandella filly (Into The Mystic) that beat her down there is a nice horse and she only got beat a head,” said Baltas. “This is a nice mare and I’ve always thought that. Today, with her speed and the rail being out, I thought she would be very tough.”Off at 7-2 in a field of seven fillies and mares three and up, Hillhouse High paid $9.20, $4.40 and $2.60.Owned by Golden Eagle Farm Investment, L.P. she picked up $33,000 for the win, increasing her earnings to $268,487. She improved her overall mark to 19-3-6-4.Fifth and on the move leaving the three furlong pole, runner-up Amboseli cut to the rail and was moving well at the wire as she finished 2 ¼ lengths in front of favored Barleysugar. Ridden by Mike Smith, Amboseli was off at 2-1 and paid $3.20 and $2.60.Irish-bred Barleysugar, ridden by Gary Stevens, rallied three-wide turning for home but was no match for the top two. Off at 9-5, she paid $2.40 to show.Fractions on the race were 23.43, 47.09, 1:10.35 and 1:22.01.First post time on Friday at Santa Anita for an eight-race card is at 1 p.m. Admission gates open at 11 a.m.
0Shares0000Leicester’s Premier League clash at Cardiff will go ahead despite the tragic death of owner Vichai Srivaddhanaprabha © AFP / Paul ELLISLONDON, United Kingdom, Oct 30 – Leicester have confirmed their Premier League clash at Cardiff will go ahead on Saturday following the tragic death of owner Vichai Srivaddhanaprabha.Thai billionaire Vichai was among five people killed when his helicopter crashed outside Leicester’s King Power Stadium following Saturday’s match against West Ham. With mourners flocking to the stadium and the crash site cordoned off as investigators picked through the wreckage, Leicester had already postponed Tuesday’s scheduled home League Cup tie against Southampton.But the club announced on Tuesday that they will make the trip to south Wales to face Cardiff this weekend.A minute’s silence will be observed before kick-off at the Cardiff City Stadium and players will wear black armbands in Vichai’s honour.“Leicester City’s Premier League fixture at Cardiff City this Saturday will go ahead as scheduled, as the club continues its tributes to its late chairman, Vichai Srivaddhanaprabha,” a statement read.“An announcement on the rearrangement of the club’s League Cup fourth round tie against Southampton, postponed earlier this week, will be made in due course.”Cardiff chief executive Ken Choo was respectful of Leicester’s wish to return to action seven days after the horrific accident.“Following Saturday evening’s terrible events at King Power Stadium, the thoughts and feelings of Leicester City FC are at the forefront of our minds,” Choo said.“As such, we will be offering our support to Leicester City in any way necessary in respect of this weekend’s fixture.”The death of the charismatic Vichai has stunned the football world, with tributes pouring in from around the globe.Vichai’s heavy investment after buying Leicester in 2010 transformed the unglamourous club into shock Premier League champions as 5,000-1 outsiders in 2016.The 60-year-old was widely admired in Leicester for his charitable donations to the local community.That warmth was reflected in the outpouring of grief following the news of Vichai’s death.Vichai’s son Aiyawatt and widow Aimon walked through a sea of tributes from fans outside the stadium on Monday, including flowers, football scarves and Buddhist statues.Vichai’s son is chief executive of his father’s duty-free empire King Power and also vice-chairman of Leicester.Aiyawatt was joined by the Leicester team, including striker Jamie Vardy, centre-back Harry Maguire and keeper Kasper Schmeichel, with the group pausing in reflection in front of the flowers.Leicester have also opened a book of condolence in memory of Vichai in a marquee at the stadium, while the City Hall and County Hall will light up in blue this week to honour Vichai.The Air Accidents Investigation Branch (AAIB) are still conducting their investigation into what caused Saturday’s tragedy.0Shares0000(Visited 1 times, 1 visits today)