Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe August 12, 2019 1,728 Views Servicers Navigate the Post-Pandemic World 2 days ago About Author: Mike Albanese Housing Market Student Loan Debt 2019-08-12 Mike Albanese Sign up for DS News Daily in Daily Dose, Featured, Loss Mitigation Previous: Citadel Servicing Corporation Announces $3B Servicing Portfolio Next: Are Negative Interest Rates Possible in the U.S.? Data Provider Black Knight to Acquire Top of Mind 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Housing Market Student Loan Debt The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Print This Post The Fastest Growing Household Debt for Borrowers J.P. Morgan Chase reports that student debt has doubled in the past 10 years to $1.5 trillion in 2018—second only to mortgage debt—and impacts 45 million borrowers. “Although the financial returns from a higher education degree over a lifetime typically exceed the costs, roughly 22% of student loan borrowers are in default,” the report said. “As a result, some have framed the ‘student loan crisis’ as a crisis of student loan repayment rather than student loan debt.” Among the findings by J.P. Morgan Chase was that the average family pays a median of $179 per month in loans of take-home income in months with positive payments. Nearly a quarter of families spend more than 11% of their income on student loans. While noting younger borrowers, those between 18 and 24-years-old, collectively have the most student debt, it is those within lower-income families that have the most trouble making consistent payments. The study revealed that 44% of homebuyers who earn less than $50,000 annually make positive payments to their loan. That number increases to 52% for those earning between $50,000-$1000, and 63% for borrowers who make more than $100,000.Also, families with multiple loans pay their student loan bill more inconsistently than they do their mortgage or auto loan. The report states that families who pay their loans between 90-100% of the time, make payments on their student loan debt 54% of the time, compared to 64% for their mortgage. Those borrowers also pay their auto loan 62% of the time, and just 56% pay their student loan bill consistently. Reports show that student loan debt has already been impacting the housing market, including a report out of Dallas and WFAA, which delves into how growing debt is making it harder for borrowers to buy a home. “From a practical perspective, somebody coming out of school with heavy student loan debt may simply not qualify for a conventional loan,” said Rick Sharga, founder, President and CEO of CJ Patrick Co., a California-based real estate and financial services consulting firm.Sharga added that millennials came into the market after the Great Recession, many of which had record levels of student-loan debt, and into a market with no jobs.“The notion of them being able to pay back that student loan debt in any reasonable period of time was pretty much a fantasy,” Shagra said. Share Save Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / The Fastest Growing Household Debt for Borrowers Governmental Measures Target Expanded Access to Affordable Housing 2 days ago
AUGUSTHighest temp: 93 degrees (8/4/2015)Lowest temp: 55 degrees (8/29/2015)Avg. high temp: 86.8 degrees (3.1 degrees above normal)Avg. low temp: 64.7 degrees (0.5 degrees below normal)Rainfall: 1.25 inches (2.86 inches below normal)Number of days fair: 23Number of days partly cloudy: 6Number of days cloudy: 2 August 2015 included above-average high temperatures, below-average rainfall and an ocean temperature that never dipped below 70 degrees. Tuesday is the final day of summer 2015, and in a beach town that lives and dies by the weather, it was a pretty good season. (See O.C. Breaks Record for Beach Tag Revenue, Owners Call Summer a Success.)Summer 2015 had its surfable days but zero swell from tropical storms.No tropical storm came anywhere close to Ocean City during the summer, and the weather got drier through the season.After a June that saw 8.36 inches of rain (more than 5 inches above normal), August had just 1.25 inches of rain (2.86 inches below normal). Even in July (which saw above-average rainfall), not a single day was categorized by the National Weather Service as “cloudy.” Most of the month’s rain came in the form of brief and heavy thunderstorms.Here’s the tale of the tape in numbers: July had plenty of rain but mostly in quick bursts.JULYHighest temp: 94 degrees (7/20/2015)Lowest temp: 58 degrees (7/17/2015)Avg. high temp: 84.6 degrees (0.9 degrees below normal)Avg. low temp: 68.2 degrees (1.3 degrees above normal)Rainfall: 6.59 inches (2.87 inches above normal … total include 3.02 inches from July 14-15 alone)Number of days fair: 19Number of days partly cloudy: 12Number of days cloudy: 0 JUNEHighest temp: 94 degrees (6/23/2015)Lowest temp: 50 degrees (6/7/2015)Avg. high temp: 80.5 degrees (0.1 degrees below normal)Avg. low temp: 63.3 degrees (2.1 degrees above normal)Rainfall: 8.36 inches (5.25 inches above normal)Number of days fair: 14Number of days partly cloudy: 10Number of days cloudy: 6
ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » In an op-ed published in American Banker, NAFCU President and CEO Dan Berger called on lawmakers to ensure fintech firms are subject to the same data security and consumer protection standards as credit unions.“While this new and budding industry presents opportunities and innovations, ill-supervised and under-regulated industries can present sizeable risks for consumers and the financial marketplace as a whole,” wrote Berger.Berger noted that while fintechs have greatly increased their footprint in our society, their data security standards are less rigorous than traditional financial institutions nor are they supervised in the same manner. On the other hand, he argued that credit unions go to great lengths to ensure their products are in compliance with the law, meet all supervisory guidelines and adhere to necessary consumer protections.
Only one person from each family will be allowed to go out once a day to purchase necessities such as food and medicine, the county’s epidemic prevention task force said in a statement.The move comes after another 14 cases of the virus were reported in the past 24 hours in Beijing, taking the total to 311 since mid-June and spurring the testing of millions of residents.The outbreak was first detected in Beijing’s sprawling Xinfadi wholesale food market, which supplies much of the city’s fresh produce, sparking concerns over the safety of the food supply chain.Nearly a third of the cases so far have been linked to one beef and mutton section in the market, where workers are being made to quarantine for a month, city officials said Sunday. China imposed a strict lockdown on nearly half a million people in a province surrounding the capital to contain a fresh coronavirus cluster on Sunday, as authorities warned the outbreak was still “severe and complicated.”After China largely brought the virus under control, hundreds have been infected in Beijing and cases have emerged in neighboring Hebei province in recent weeks.Health officials said Sunday that Anxin county — about 150 kilometers from Beijing — will be “fully enclosed and controlled”, the same strict measures imposed at the height of the pandemic in the city of Wuhan earlier this year. Businesses in Anxin county had supplied freshwater fish to the Xinfadi market, state news agency Xinhua reported.Some 12 cases of the novel coronavirus were found in the county — including 11 linked to Xinfadi, the state-run Global Times reported.The new cases in Beijing have prompted fears of a resurgence of the virus in China.The capital has mass-tested wholesale market workers, restaurant workers, residents of medium and high-risk neighborhoods and delivery couriers over the past two weeks. At a press conference on Sunday, officials said 8.3 million samples have been collected so far, of which 7.7 million have already been tested.Testing has now expanded to include all employees of the city’s beauty parlours and hair salons, the Global Times said.Beijing city official Xu Hejian told reporters Sunday that “the epidemic situation in the capital is severe and complicated,” warning that the city needed to continue tracing the spread of the virus.City officials have urged people not to leave Beijing, closed schools again and locked down dozens of residential compounds to stamp out the virus.But Wu Zunyou, chief epidemiology expert at the Chinese Center for Disease Control and Prevention, told reporters last week the new outbreak had been “brought under control”, and officials lifted a weeks-long lockdown imposed on seven Beijing communities on Friday.Topics :
The full England team was Jake Burnage (Saunton, Devon); Yorkshire’s Dan Brown (Masham), David Hague (Malton & Norton) and Will Whiteoak (Shipley); Todd Clements (Braintree, Essex); Staffordshire’s Jack Gaunt (Drayton Park) and Gian-Marco Petrozzi (Trentham); Somerset’s Josh Hilleard (Farrington Park) and Tom Sloman (Taunton & Pickeridge); Matthew Jordan (Royal Liverpool, Cheshire) and Bradley Moore (Kedleston Park, Derbyshire). Sloman was injured on the eve of the championship and was unable to play. Tags: Ireland, Men’s Home Internationals For Ireland it was the signal for celebrations with team captain Tony Goode, bowing out on a high after his three years in office. Not only is this the first time that Ireland has successfully won the trophy four years in a row, but he believes he is the first captain to amass three consecutive wins. The final day drama was played out on a cold and blustery day, with frequent heavy rain showers in the morning – but the quality of the golf provided plenty of sparkle for the spectators. “It’s historic, an amateur record,” he commented, as he paid tribute to his team. “The boys at the front led as I expect them to and the boys at the back did exceptionally well. It was an absolutely great performance.” In the play-off for third place Wales beat Scotland 9.5-5.5. Team captain Kevin Tucker remarked: “I’m incredibly proud of my team, they were underdogs and they nearly pulled it off. They were great.” Images copyright Leaderboard Photography After 36 holes of ups and downs, drama and suspense, they halved their match with 7.5 points apiece. But, over the three days, Ireland had won 26.5 games to England’s 26 – and, once again, the Raymond Trophy will be travelling home with them. There was still hope. If England could win the last three games the title would be theirs and Josh Hilleard, Bradley Moore and Jake Burnage were all up after 12 holes. Hilleard was taken to the 16th and Moore to the 17th before they secured their points and, as the pressure grew, Burnage dropped one behind on 17 with a bogey after his tee shot was bunkered. Dan Brown (pictured) and Will Whiteoak put their winning points on the board and Matthew Jordan squeezed a half out of the top game. But Ireland were also making ground with the wins of Conor O’Rourke, Caolan Rafferty and Colin Fairweather and a half from Alex Gleeson – and it became clear that the match would go down to the wire. It was the end of England’s chances, but he won the 18th with a solid par after Colm Campbell went out of bounds, halving his game and the overall scoreline. For the record, Burnage is playing at this level for the first time while Colm Campbell has been Ireland’s anchorman for the last three years and has lost just once in that time. As the singles unfolded, it was England who had the upper hand for much of the afternoon. Although Ireland led in the top two games the rest were going England’s way and a narrow win looked in sight. 18 Aug 2017 Ireland make history with narrow win For England, there was huge disappointment once again. They lost this championship last year on the last putt on the last green. They lost the gold medal in the European team championships a few weeks ago on the last putt on the last green. Today, they were denied victory when they were within touching distance of claiming the prize. Click here for full scores. Ireland cast the first blow in the foursomes, which they won 3-2 after the final game of the morning was decided by stunning golf between the England partnership of Jake Burnage and Bradley Moore and their opponents, Colm Campbell and John Ross Galbraith. Ireland birdied 15, England birdied 16, both pairs birdied 17, but Ireland went up the last 1up and held on to their advantage. Ireland won the Men’s Home internationals for an historic fourth year in a row as they snatched victory over England today by just a half game point. The teams had each won their earlier two matches against Scotland and Wales and they met in a title showdown on the final day of the championship at Moortown, Yorkshire.