Forbearances Continue Slow and Steady Improvement

first_img The Best Markets For Residential Property Investors 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Black Knight Forbearance Foreclosure Foreclosure Moratorium Mortgage delinquency Subscribe Sign up for DS News Daily About Author: Eric C. Peck in Daily Dose, Featured, Journal, News March 5, 2021 828 Views Forbearances Continue Slow and Steady Improvement The Week Ahead: Nearing the Forbearance Exit 2 days ago According to Black Knight’s latest forbearance data analysis, a common trend continued as the number of active forbearances fell this week, driven by month-end expiration activity.Nationwide, the number of U.S. homeowners with forbearance plans stood at approximately 2.69 million as of March 2, or 5.1% of American homeowners, falling by 22,000 from last week, and a decline of -0.8%. Of that total, FHA/VA forbearances comprised 9.2% of that share, which fell by 13,000; GSE forbearances comprised 3.2% of that total, which declined by 8,000; and portfolio/PLS forbearances accounted for 5.2% of all forbearance plans, which fell by just 1,000 this week.Black Knight recently reported that in January 2021, the national mortgage delinquency rate fell to 5.9%, a 0.9% monthly dip from December 2020’s total of 6.08%.Come early April, nearly 1.1 million homeowners with forbearance plans scheduled to expire at the end of March (just over 600,000 of that total are 12-month expirations) are set to exit their plans.Despite the weekly decline in outstanding forbearance plans, the month-over-month rate of improvement has slowed, falling from -2% to -1.3%.Recent forbearance and foreclosure moratorium extensions taken by the Biden Administration have reduced near-term risk, but may also lengthen the recovery period and a return to normalcy. Black Knight recently reported that at the current rate of improvement, 1.8 million mortgages will still be seriously delinquent at the end of June when foreclosure moratoriums on government-backed loans are currently slated to lift. Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Black Knight Forbearance Foreclosure Foreclosure Moratorium Mortgage delinquency 2021-03-05 Eric C. Peck Related Articles Home / Daily Dose / Forbearances Continue Slow and Steady Improvement Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Residential Leasebacks: A Tool Against Future Foreclosure Crises? Next: The Rate of AVM Error in Majority-Black Neighborhoods Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. last_img read more

African American Read-In continues at Troy Public Library

first_img Published 3:00 am Wednesday, February 21, 2018 Sponsored Content February is African-American History Month and, as part of the National Council of Teachers of English reading initiative, Dr. Patricia Waters’ Young Adult Literature Class at Troy University is conducting read-ins at the Troy Public Library.The read-ins began last week and will continue today and Thursday beginning at 3:30 p.m. Children of all ages are invited. Waters said the university students read aloud selections of their choice and these readings are a connection to the African American culture. The children also have opportunities to read if they so choose. Some members of the Young Adult Literature Class plan to go into education and the read-in is a hands-on learning experience for them.Teresa Colvin, TPL children and young adult librarian, said she displays books by African American authors throughout the month of February. Penny Hoarder Issues “Urgent” Alert: 6 Companies Are… Troy falls to No. 13 Clemson Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthRemember Them? I’m Sure Their New Net Worth Will Leave You SpeechlessbradofoThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel You Might Like Remember America’s heroes on Memorial Day 12PrevNextStartStop Book Nook to reopen Plans underway for historic Pike County celebrationcenter_img “The annual National African American Read-In is a long running program of 27 years or more,” Waters said. “The books read are by African-American authors and illustrators. The interaction between the university students and the kids, whether the students read or the kids, fosters deeper learning and understanding of the text.”Waters said goal of the read-in is to make the celebration of African American literacy a part of Black History Month Activities.“The Troy Public Library has a large selection of African American literature for children of all ages,” Waters said, adding that the read-in is a learning experience for members of the Young Adult Literature Class as they are introduced to authors and illustrators they might not have known otherwise. Email the author By Jaine Treadwell African American Read-In continues at Troy Public Library Latest Stories Print Article By The Penny Hoarder Pike County sheriffs to charge man with kidnapping, assault 4:07 p.m. UPDATE: Sheriff Russell Thomas says Latty will also be charged with robbery in addition to kidnapping and assault… read more “There are many outstanding African American authors and illustrators and the read-in is a wonderful way to present them to children and the university students as well,” she said. “We have parents that have come to the read-ins and we welcome them.“Thursday is the last day for the read-in but we have a large selection of books by African American authors for all ages,” Colvin said. “These books are available throughout the year. We encourage people of all ages to visit the Troy Public Library, where we strive to be a total information and resource center for our community.” Pike County Sheriff’s Office offering community child ID kitslast_img read more