Though Millions Remain in Forbearance, Numbers Are Decreasing

first_imgHome / Daily Dose / Though Millions Remain in Forbearance, Numbers Are Decreasing in Daily Dose, Featured, Loss Mitigation, Market Studies, News  Print This Post Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago 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. Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily March 26, 2021 1,445 Views The Best Markets For Residential Property Investors 2 days ago A week ago we saw forbearance activity drop below 2.6 million for the first time since last April, according to Black Knight’s McDash Flash Forbearance Tracker, and the decline continues this week.Active plans fell again this week, dropping by another 19,000 (-0.7%) from the previous Tuesday. In total, this puts the number of active plans down by 135,000 over the last month, or – a 5% reduction.The monthly decline represents the healthiest rate of improvement since the end of last November.Black Knight’s researchers say it is a direct result of servicers working through the 1.2 million plans that entered this month with scheduled March month-end expirations for extension and/or removal.They stress that even with such strong monthly improvement, there are still more than 46,000 active plans with March month-end expirations, which provides the potential for additional improvement in the coming weeks.As of March 23, 2.57 million homeowners remain in forbearance, representing 4.9% of all homeowners with mortgages.By type of loan:The week’s improvement was driven by decreases among both Fannie Mae/Freddie Mac-backed loans, at -21,000, and FHA/VA plans, which dropped by 10,000. Among portfolio/PLS mortgages, however, activity increased by 12,000.”Early extension activity suggests servicers continue to approach forbearance plans in three-month increments, with the bulk of would-be March expirations being extended out through June,” BK reported. “Plan extensions have accounted for 75% of all extension/removal activity in recent weeks, but removals are up simply as a result of the volume of expirations that were scheduled for this month.”The Federal Housing Finance Agency (FHFA) recently announced extensions of several measures that the agency says will align COVID-19 mortgage relief policies across the federal government. This announcement, which extends temporary measures (previously set to expire March 31) until the end of June follows the White House’s February 16 moratoria extension applied to all federally backed mortgages through the same period.Said measures include provisions for borrowers with Fannie Mae or Freddie Mac-backed mortgages who may be eligible for an additional three-month extension of COVID-19 forbearance, according to a press release. This additional three-month extension allows borrowers to be in forbearance for up to 18 months. Black Knight notes this includes the bulk of would-be March expirations.Finally, the McDash Flash Payment Tracker shows that 90.7% of observed borrowers had made their payment through March 22, up from 89.8% at the same time in February.Find the full weekly forbearance reports on Black Knight’s blog. Servicers Navigate the Post-Pandemic World 2 days ago Previous: Ex-GSE CEO Sees Hope in Toomey’s Housing Reform Plan Next: SFR Markets See Decline in Annual Profits Subscribe Though Millions Remain in Forbearance, Numbers Are Decreasing Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 2021-03-26 Christina Hughes Babb About Author: Christina Hughes Babb Share Savelast_img read more

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Shumlin ‘humbled and grateful’ wins governor’s race

first_imgRELATED:  Dubie concedes governor’s race to Shumlin Shumlin Interview http://vermontbiz.com/video/october-2010-interview-peter-shumlin-part-ihttp://vermontbiz.com/video/october-2010-interview-peter-shumlin-part-ii Senate President Peter Shumlin, a Democrat from Putney, was elected governor by a narrow margin after a long, expensive and occasionally contentious race against the Republican Lieutenant Governor Brian Dubie of Essex.‘I am extraordinarily humbled and grateful,’ Shumlin told supporters at a rally just after noon in Burlington. ‘We have hard work to do.’Dubie called Shumlin around 9:30 this morning to concede the race.‘I am so grateful to the thousands of Vermonters who supported this campaign,’ Dubie said in a statement this morning. ‘We had a tremendous outpouring of support in every corner of this state and hundreds of volunteers who worked tirelessly to share my vision of creating more opportunities for Vermonters. I want to encourage all of them to continue to be active participants in our democracy and work toward making this great state of ours an even better state. This was an extremely close race. Voters have made their choice, and it is now time for all of us to unite as Vermonters and work together to move forward.’Shumlin said, ‘I want to thank Brian Dubie for his graciousness, for his extraordinary service to this state as lieutenant governor, and for his commitment to Vermonters. I was his friend before this campaign, we’ll be friends going forward, and I thank Brian for his service to the state.’He also thanked his ‘home grown’ campaign manager Alexandra MacLean, who outside the candidate himself received the loudest cheers, and also thanked Vermont’s congressional delegation, Senators Patrick Leahy and Bernie Sanders, and Representative Peter Welch who campaigned with him in the final weeks of the race.‘But mostly I want to thank the people of this great state,’ Shumlin said, ‘who invited us into their living rooms, who talked to us on Main Street, who met us across this state and talked about their dreams and their vision for a better future. Those are the folks that I promise I will work for every single day. We do not care if you are a Democrat, a Republican, an Independent, a Progressive or any of the above. I have worked hard all my life to get tough things done. We have tough things to do and today we begin that for every single Vermonter, every single day to make your future better. That struggle starts today. ‘That challenge will begin almost immediately as Shumlin must present a balanced budget to the Legislature in January. Economists project that the state budget is facing a $100 million shortfall in revenues.In a campaign in which the term ‘ethically challenged’ became a catch phrase and $3.5 million was spent, Shumlin edged Dubie by less than 4,000 votes with nearly all the votes counted. Shumlin had survived a five-way primary last summer that was so close that runner-up state Senator Doug Racine called for a recount.WCAX-TV is reporting on its Web site (www.wcax.com(link is external)) that with 97.5 percent of the vote tallied, its unofficial total had Shumlin with 116,568 (49 percent) and Dubie at 112,787 (48 percent). The Secretary of State’s office must ratify the totals and will present the official results by next Tuesday. The five other minor party candidates in the race had a total of 6,333 votes.If no candidate gets 50 percent of the vote, the Vermont constitution essentially considers that no election has taken place and the race then goes to the Legislature with each member, House and Senate, casting his vote by secret ballot. Dubie said before the election that regardless of the outcome he would stand by the voter totals if they favored Shumlin and concede even if there were no majority. By tradition, that has been the case and it was the stance that then Lieutenant Governor Doug Racine took when he lost to Jim Douglas in 2002. In any case, the Legislature, based on the Tuesday results, will remain heavily Democratic in both chambers.Source: WCAX. Vermont Business Magazine. 11.3.2010PHOTOS: Top, Peter Shumlin campaigns in Williston Tuesday afternoon. Bottom, Lieutenant Governor Brian Dubie. Q&A: Peter Shumlin Peter Shumlin wins Democratic primary | Vermont Business Magazinelast_img read more

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Sumner-Cowley Electric Cooperative, Inc. has opening for accountant

first_imgSumner-Cowley Electric Cooperative, Inc. has an immediate opening for an accountant to work at the Wellington headquarters.Sumner-Cowley Electric Cooperative is a member owned electric utility which provides electric service to about 4,400 accounts. Our service territory consists of 2,000 miles of electric distribution lines, 43 miles of high voltage transmission facilities, 17 miles of underground distribution lines and 14 substations and metering points.This position works under the general direction of the CEO.Minimum requirements include a bachelor’s degree in accounting. Experience in public accounting of utility accounting is highly preferred.Sumner-Cowley Electric offers a competitive salary and benefits package which includes: •Medical insurance.•Long term disability.•Life insurance.•Business travel insurance.•401K Retirement plan.•Defined benefit pension.•Paid time off pay plan.•Holiday pay.Please send resume with experience and salary requirements to:Sumner-Cowley Electric Cooperative, Inc.Attn: Coni AdamsP.O. Box 220Wellington, Kans. 67152.Resumes can be sent electronically to Coni Adams at [email protected]last_img read more

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