The Rise of Unconventional Loans

first_imgSign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 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. Servicers Navigate the Post-Pandemic World 2 days ago loans mortgage Sales 2019-08-21 Seth Welborn Previous: Mortgage Debt on the Rise, Volume of Mortgages Falling Next: Ask the Economist: Millennial Demand and Affordability Issues August 21, 2019 1,383 Views Tagged with: loans mortgage Sales Demand Propels Home Prices Upward 2 days ago Home buyers with low credit scores or high debt levels as well as those lacking traditional employment are finding it easier to get credit as strict lending requirements put in place following the financial crisis are beginning to erode, according to the Wall Street Journal.WSJ states that risky lending is making a return, as subprime and Alt-A mortgages are rebranded into non-qualified loans. Borrowers took out a record number of these loans in 2018, at $45 billion, the most in a decade, and are likely to take out more in 2019. Proponents state that mortgages became too hard to get post-2008, and unconventional loans, such as non-QM loans, could open the housing market to sound borrowers who had been shut out of it. “There are some weakening standards and weakening practices,” said Eric Kaplan, Director of the Housing Finance Program at the Milken Institute on Wall Street Journal. “It doesn’t rise to the same level yet, to my knowledge, of some of the things taking place just prior to the crisis. But we have to be vigilant.”Nonbank lenders are largely the ones extending non-traditional loans, but big banks such as JPMorgan Chase & Co., Credit Suisse Group AG and Citigroup Inc. have recently been arranging mortgage bonds backed by unconventional loans.Big banks’ mortgage arms are still avoiding riskier borrowers, leaving them to nonbank lenders. Despite the rise in unconventional loans, the market for unconventional home loans is still smallcompared with the rest of the mortgage market, as well as its precrisis past, when unconventional borrowing peaked at more than $1 trillion. “Still, the increase in unconventional loans shows that lenders are looking farther afield for customers,” WSJ’s Ben Eisen states. “As the U.S. economic expansion ages and home prices rise faster than incomes for most Americans, the mortgage industry is finding that there is a limited number of cream-of-the-crop borrowers.” About Author: Seth Welborn  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Investment, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Rise of Unconventional Loans Home / Daily Dose / The Rise of Unconventional Loans 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 Share Save Subscribelast_img read more

Can You Answer Last Night’s Jeopardy! Question About Thundercat? [Video]

first_imgYou can video of Thundercat and Michael McDonald’s collaboration at Coachella below, plus read more about the surprise sit-in here.[Video: wyatt case][H/T Pitchfork; Photo: J-Remy] After the episode aired, Thundercat took to Twitter to express his excitement over the Jeopardy! shoutout. Last night, the iconic game show Jeopardy! asked its contestants a question referencing the Grammy Award-winning bassist Thundercat. Under the category of “Musical Guest Performers” for $1,600, the statement read, “At Coachella in 2017, Thundercat did a version of ‘What a Fool Believes’ with this Doobie Brother.”last_img read more

Governor Wolf Praises State, Federal Law Enforcement For ISIL-Related Arrest in Pennsylvania

first_imgGovernor Wolf Praises State, Federal Law Enforcement For ISIL-Related Arrest in Pennsylvania SHARE Email Facebook Twitter December 17, 2015center_img National Issues,  Statement Harrisburg, PA – Governor Tom Wolf released the following statement on the arrest of Jalil Ibn Ameer Aziz in Harrisburg:“I commend the FBI, U.S. Attorney’s Office and the Pennsylvania State Police, along with local law enforcement and other members of the Joint Terrorism Task Force, for their efforts in apprehending this individual for his alleged efforts to aid ISIL. We understand that this individual is a U.S. citizen and his arrest is a reminder that we must remain vigilant, strong and focused on anyone here in the state who may seek to harm Pennsylvanians. I am proud of PSP’s ongoing efforts to protect Pennsylvania citizens. My administration is in constant communication with our law enforcement partners and will continue to assist in any way possible. ”# # #Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolflast_img read more

Bajrang Punia wins gold in Bulgaria, dedicates medal to Abhinandan Varthaman

first_img Press Trust Of India 1 year ago “Hardly a challenge to catch Rahul Gandhi lying,” says Col Rathore after accepting General VK Singh’s #RahulGandhiLieChallenge India may add to their gold tally as Vinesh Phogat is scheduled to play her final in the 53kg against China’s Qianyu Pang of China. Vinesh beat World Championships silver medallist Sarah Hildebrandt in the semifinals on Saturday. This is Vinesh’s first tournament since moving to 53kg from 50kg. Punia, a World Championship silver medallist, overpowered Jordan Oliver of USA 12-3 in the 65kg freestyle final to begin the season on a resounding note in the Bulgarian city. The Indian also secured the maximum ranking points from the tournament. FOLLOW US Sarita Mor won a silver in women’s 59kg though she lost to her compatriot Dhanda.READ | Bajrang Punia Becomes First Indian To Get World Championship Seeding WE RECOMMEND “I want to dedicate my gold to Wing Commander Abhinandan Varthaman. He has inspired me. I want to meet him one day and also shake hands with him,” Punia tweeted after his victory. Written By The IAF pilot Varthaman returned to India from captivity in Pakistan on March 1 night after a suspenseful wait lasting hours, which is being seen as a major step towards defusing a near-war situation triggered by India’s retaliation following the Pulwama terror attack on February 14. First Published: 3rd March, 2019 18:03 IST India’s star wrestler Bajrang Punia has won the gold medal at the Dan Kolov-Nikola Petrov tournament in Ruse, Bulgaria and dedicated the victory to Indian Air Force (IAF) Wing Commander Abhinandan Varthaman. SUBSCRIBE TO US WATCH US LIVE 1 year ago AK-203 is latest derivative of legendary AK-47 rifle COMMENT READ | Bajrang Punia Unlikely To Move Court After Mentor Yogeshwar Dutt’s Timely AdvisePunia, who bagged the top prize at the Commonwealth Games and the Asian Games last year, has won four gold medals and one silver in the last five tournaments.This was Punia’s 10th medal in as many international tournaments since failing to finish at the podium in the 2017 World Championships in Paris.Earlier, Pooja Dhanda claimed the gold in 59 kg while Sakshi Malik won silver in 65 kg women’s freestyle.In the men’s freestyle events, Sandeep Tomar had to be content with a silver in 61kg. LIVE TV Last Updated: 3rd March, 2019 18:03 IST Bajrang Punia Wins Gold In Bulgaria, Dedicates Medal To Abhinandan Varthaman India’s star wrestler Bajrang Punia has won the gold medal at the Dan Kolov-Nikola Petrov tournament in Ruse, Bulgaria and dedicated the victory to Indian Air Force (IAF) Wing Commander Abhinandan Varthaman. 1 year ago Opposition should not have made these three statements…, writes Arun Jaitley, over politicisation of India’s strike against Pakistani support for terror 1 year ago PML-N chief Shehbaz Sharif meets Nawaz Sharif; briefs him on Indo-Pak tensionslast_img read more

Girls’ golf set for a celebration in Hampshire

first_img Girls’ golf will be in for a great celebration next week when 144 leading young players head to Blackmoor Golf Club, Hampshire, in search of national titles.The English U16 and U14 girls’ championships will be played from Tuesday to Thursday, August 8-10, and have attracted an international entry from 15 countries.The players include girl international Annabell Fuller, pictured, (Roehampton, Surrey), who has just helped England win the team championship at the European Young Masters. Meanwhile, the host club will be represented by Olivia Ripiner, from England Golf’s South regional U16 squad.Blackmoor is regarded as one of the best courses in Hampshire. It was originally laid out by renowned golf architect Harry Colt, and consists of two loops of nine holes created from heathland, with fairways surrounded by heather, pine, birch and oak trees.The curtain raiser to the week will turn the focus on handicap golf when 22 young players compete in the Abraham Trophy to find England’s most improved girl golfer.They’ve all qualified on the basis of handicap reduction and will play off for the national title on Monday, August 7.Between them the Abraham Trophy finalists represent 13 counties:Buckinghamshire – Olivia Lee of Gerrards Cross; Amelia Curtis of Stoke Park.Derbyshire – Hannah Morrison of Chapel-en-le-Frith.Dorset – Sienna Birch, Louise Burke and Chloe Haesler of Broadstone.Hampshire – Ellie Mans of Barton-on-Sea; Hannah Dymott of Meon Valley.Hertfordshire – Hallie Copping-jones of Bishops Stortford.Lancashire – Emily James of Royal Lytham & St Annes.Lincolnshire – Tilly Garfoot of Spalding.Middlesex – Lucy Handley of Pinner Hill.Norfolk – Hope Neild of Royal Norwich.Northamptonshire – Ashleigh Critchley of Kettering.Surrey – Sasha Crockett of Burhill; Lottie Woad of Farnham; Alexandra Jakins and Sarah Mardani of Windlesham.Worcestershire – Lucy Buckley of Bromsgrove; Kacey Haynes and Lili Rose Hunt of Gaudet Luce.Yorkshire – Jessica Hosking of Huddersfield.Click here for more information on the Abraham TrophyClick here for more information on the English U16 and U14 girls’ championshipsImage copyright Stills Photography 3 Aug 2017 Girls’ golf set for a celebration in Hampshire last_img read more

APNU got what it wanted from AFC – political analyst

first_img…says decision to go solo will test AFC’s electoral worthBy Samuel SukhnandanPolitical Analyst Dr David Hinds feels the Alliance for Change (AFC) had little, if any, option but to go solo at the upcoming Local Government Elections (LGE), and this decision will prove more than ever how the party stands in the view of citizens across communities countrywide.Dr David HindsDr Hinds told Guyana Times on Tuesday that he was not surprised by the AFC’s decision to enter the elections on its own. According to him, the only other choice the AFC had was to not contest the LGE at all; and that, to him, would have been an admission of defeat by the party.“In effect, the APNU (A Partnership for National Unity) got what it wanted. It forced the AFC to go out and prove its electoral worth in circumstances that are not favourable to the latter. The not-so-veiled message to the AFC was clear: ‘Contest on your own, or contest with us on APNU terms’,” he opined.The outspoken political analyst said he feels it all came down to leverage, where the AFC did not have any bargaining power. Unlike in 2015, when the AFC was able to use its performance at the 2011 election to strike a hard bargain in the Cummingsburg Accord, this time around, it did not have that asset, Dr Hinds opined.Dr Hinds said the votes at the 2015 election were combined, so the AFC couldn’t accurately pinpoint its share. Further, he said if it is true that the AFC wanted 40 percent of the seat allocation, that was not the smartest demand to make, especially since it badly wanted to go into the election as a Coalition.He said this present situation gives the APNU the chance to say, “We tried to accommodate you, but your demands were unreasonable.” Perhaps a 20 percent request, Dr. Hinds reasoned, would have swayed the APNU.“But 40 percent demand was dead on arrival simply because the AFC could not demonstrate that it has that amount of electoral support, particularly in the Indian Guyanese community,” he told Guyana Times.He explained that had the AFC, from 2015 onwards, cultivated and consolidated its Indian Guyanese support base, it would have been in a stronger position to make the demands it sought.ExposedDr Hinds went further, stating that the AFC’s decision to go alone leaves that party in an exposed position. He said the party must now prove whether its electoral support is intact or has vanished. And it has to do so in an election in which the turnout is likely to be very low. He reminded that this is the first time since 2011 that the AFC would be facing the electorate on its own.“My sense is that the PPP (People’s Progressive Party) would make it extremely difficult for the AFC to even campaign in the Indian Guyanese communities. This would leave the party with having to compete with the APNU for African Guyanese votes. The optics of the latter scenario will be interesting to watch: two coalition partners fighting each other for votes,” he said.In the final analysis, Dr Hinds thinks this LGE will tell Guyana two things about the AFC. First, it will tell the people whether the party is still a significant electoral force; and secondly, how well the AFC does will tell people what bargaining power it will have when the Cummingsburg Accord comes up for renewal.“I think the voter turnout among those who voted for the Coalition in 2015 will be very low, and this would hurt the AFC’s chances of doing well. Those who bother to vote will most likely vote for the APNU, which has the machinery to bring out some voters. So my sense is that the AFC would come out of this much weaker than (it) was in 2015. But as the say, political behaviour is unpredictable. I may be proven wrong,” Dr Hinds declared.Finally, the political analyst noted that despite all the positive spin and talks being peddled by the AFC and President David Granger about the good health of the Coalition relative to the 2020 election, the fact that they could not reach an understanding on the LGE suggests the total opposite.“Despite the positive rhetoric, the entrenched culture of party hegemony, particularly from the big partner, continues to trump the letter and spirit of coalition-building. Coalition-building requires enlightened leadership; constant meaningful consultation and mutual respect among partners; democratic decision-making and the willingness of the big partner to concede ground in the interest of the collective. I think the coalition has come up short in that regard,” he added.last_img read more

Comparing Preferences for Pain or Gain

first_imgA group of researchers published in the Journal of Political Economy introduced the idea economic loss and gain incentives are innate, not learned.  To demonstrate this concept, the researchers presented capuchin monkeys two opportunities leading to two different outcomes for the monkey: pain or gain.  The capuchin monkeys had a tendency to choose the opportunity leading to gain.  The report was summarized in Science Daily.1    This demonstrates loss-averse behavior which is the very basis for economic decisions.  Since the monkeys have not previous had exposure to human economics, this must be instinctual choice, according to the researchers.  The author concludes the article listing the qualifications of the research team and foundation in order to qualify the opinions from the study.1“New Study Finds Similarities Between Monkey Business and Human Business,” Science Daily.  Source: Journal of Political Economy, University of Chicago Press Journals.In nature, animals act according to greatest benefit.  For example, when wolves hunt elk, they do not tend to attack those which are strongest and largest.  This is dangerous, and could lead to the escape of the elk, wasted vital energy of the wolves, and even death of the wolves.  So what do researchers observe?  Wolves tend to attack those old, straggling elk; or they attack those males who expended too much energy in mating season.  For what reason?  This is more beneficial to the wolves.    If choosing a more beneficial option, such as living, eating and breathing, is an economic principle, then even protozoa have economic choice in choosing to eat.  Indeed, this seems to be far more deeply rooted than anticipated!  In fact, ecologists study animal behavior according to an “energy budget.”  This refers to their only having a limited amount of energy to expend when performing various vital activities.  Does this budgeting reflect economic choice?  No.  The animals act according to instinct to increase their own fitness, to survive day to day.  This is not analysis and reasoning.    Evolutionists see humans as a higher evolutionary form.  Yet for decades the evolution of the human mind, analysis, etc., have presented a major gap to the evolutionary theory.  This study attempts to close this gap by “demonstrating” human reasoning, as put forth in the hypothesis of making economic decisions, is innate to animals in a lower form.  But this cannot be so.  Mankind is created in the image of God, able to make decisions, able to rule, able to appreciate and marvel at God’s creation.  This is not stated for any other creature.  Man stands alone with his intellectual capacity and reasoning.—Rebekah E.(Visited 6 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Soccer changes HIV perceptions among South African youth

first_imgThe love for football is widespread in South Africa, and Africaid Trust is harnessing the sport’s potential to educate young people about HIV/Aids and how to prevent its spread.Africaid’s WhizzKids United’s website says the programme aims to “strengthen community responses to adolescent health and development through the power of football”.Founded in 2005 by HIV nurse specialist Marcus McGilvray, WhizzKids United is based in Durban, South Africa, and has benefitted more than 40 000 children and adolescents.Winner of the Juggle a thon competition hosted by WhizzKids United on World Peace DayInitially developed in response to the increasing number of HIV infections among young people in Kwa-Zulu Natal (KZN) province – said to be the epicentre of the HIV/Aids crisis nationally and globally – the programme is now used in African countries such as Ghana and Uganda. The bulk of operations is in KZN.According to the organisation’s website, “The HIV prevalence rate in KwaZulu-Natal is estimated at 16.5%* with ante-natal clinics, in some areas, reporting prevalence rates above 60%.”The organisation considers soccer, or football, an effective learning tool as it appeals to children – it gives them a dynamic, engaging and goal-orientated way to learn crucial information; it also transcends culture, gender and background because it is so universal.“Football enables the kids to unite and forget about discrimination,” says Mlungisi Khumalo, media coordinator at Africaid for WhizzKids United. “They unite under the banner of football; those that are living with the virus and those without the virus.”DEVELOPMENT PROJECTSThe WhizzKids United Health Academy offers KZN youth health services such as HIV/Aids counselling and testing; an Orphans and Vulnerable Children (OVC) support and feeding scheme; one-on-one sexual health counselling; psychological support for HIV-positive youth; and sexual assault crisis referral. The academy also provides antiretroviral treatment.Established in June 2010, the Health Academy had more than 8 000 beneficiaries register in its first year of operations, with some 1 000 individuals receiving healthcare or counselling.The academy has become an integral part of the community, serving as a venue for the WhizzKids Mixed Gender Soccer League. The league is held after school hours, filling the time between children going home and their parents returning from work. This unsupervised time, according to the website, is said to be a contributing factor in young people turning to drugs and alcohol.The league teams each have two captains; a boy and a girl, and play by Fifa Fair Play rules, without a referee. Gender inclusive rules, such as allowing only girls to take free kicks, help promote gender equality.A number of government departments want to replicate the project in provinces across the country to drive youth development and help lessen the impact of HIV/Aids on young people.“This is arguably one of the most exciting jobs or voluntary venture that one has to do on a daily basis,” says Khumalo. “It’s personally rewarding that one has the opportunity of bringing change in a community in need but most importantly, it’s waking up every morning and conquering a new challenge.”ON THE BALL Charlize Theron with WhizzKids United CEO Marcus Mcgilvray, the Mayor of Pietermaritzburg Chris Ndlela and Edendal Hospital CEO Zanele Ndwandwe.On the Ball intends to develop an understanding of life skills using football as “an extended metaphor”. The project links how players fit into the team dynamic with how young people define themselves in an ever-changing society.It also links anticipating and overcoming obstacles with getting to know an opponent to win a match; and shows how protecting goal posts and safety on the field is similar to protecting personal health.The game’s tactical aspect shows the need to think things through when planning a future and hones decision-making skills by linking them to consequences.By linking life skills to the skills necessary to be a good football player, WhizzKids United has managed to change the way the children view health issues, and bust myths surrounding HIV/Aids.“In this type of project, it is paramount for us to equip the kids with the necessary skills that will enable them to spread the message about HIV/Aids and to teach communities about the disease,” says Khumalo, commenting on the long-term impact the organisation aims to make in young people’s lives.HOW TO PLAY YOUR PARTTo volunteer or get involved with the Africaid WhizzKids United programme, visit the get involved page on the website, email the organisation or call 031 201 5866.Donations can be made via PayPal by clicking the donate link on every page of the website and following the instructions. Corporations looking to partner with the organisation can visit the partnership page or email chief executive officer, Marcus McGilvray.last_img read more

Android Honeycomb: The First Few Apps For Businesses

first_imgGoogle officially unveiled Honeycomb – version 3.0 of its Android operating system – earlier today, and there are already tablet-optimized business apps lined up for the brand new OS. Of course, apps designed for previous versions of Android should work just fine in Honeycomb, so current users won’t lose their favorite productivity tools. Here are a few tablet-specific apps just announced today. Fuze Meeting: HD Video Conferencing john paul titlow Web meeting and collaboration app Fuze Meeting will be the first app of its kind on Honeycomb. Competitors like WebEx and GoToMeeting have long been available on Apple’s iPad, but have yet to join Fuze Meeting in making the jump to Android. The new version Fuze Meeting features 1080p HD multi-party video conferencing and the ability to initiate and host meetings directly from the device, rather than scheduling them from a desktop computer, which is often required by such apps. GoPayment: Mobile Payments GoPayment is Intuit’s version of the much buzzed-about Square credit card reader, and it’s ready for Honeycomb. GoPayment already supports Blackberry, iPhone, iPad and previous versions of Android so it’s only natural that they’d be quick to get in on the Android tablet action. The Honeycomb version of the GoPayment app lets small businesses sell products and accept credit card payments directly from an Android tablet, and the app includes a Web shopping cart-style interface, complete with product photos (which can be snapped using the device’s camera). Solutions like GoPayment, Square and others are huge for smaller businesses, who often forgo the ability to accept credit cards in traditional ways due to the burdensome costs.Would you consider using an Android tablet for business productivity? What are some must-have apps you’ve seen or are otherwise waiting on? Let us know your thoughts in the comments. Tags:#biz#Software Guides 8 Best WordPress Hosting Solutions on the Marketcenter_img Related Posts Why Tech Companies Need Simpler Terms of Servic… A Web Developer’s New Best Friend is the AI Wai… Top Reasons to Go With Managed WordPress Hostinglast_img read more

The Cloud Gets Big Credit for Intel’s Record Results

first_imgTop Reasons to Go With Managed WordPress Hosting Tags:#cloud#news Related Posts alex williams A Web Developer’s New Best Friend is the AI Wai…center_img Intel posted whopping results today. The cloud, and data centers in particular, are accounting for the steep increase.In its quarterly earnings call today, Intel executives pointed to increased Internet usage, smart phones and tablets as contributing factors for the increased demand.Year over year, its Data Center Group revenue was up 32%, with particular demand for high-end servers for the enterprise and the data center.The New York Times had this to say:This market for so-called “cloud computing” helped Intel weather the forces that are slowing other parts of the computer market — mounting pressure from low-priced tablet computers, and continuing economic uncertainty.Overall, Intel posted revenues of $12.9 billion, $1.3 billion higher than Wall Street’s expectation of $11.6 billion. Revenues were up 25% compared to a year ago and overall 12% higher compared to the previous quarter.Intel CEO Paul Otellini said that Intel expects high demand for its server technology to continue over the next several years.Intel has room to catch up in the mobile space. But its focus on technology for the data center is paying off in a substantial way.Disclosure: Intel is a ReadWriteWeb sponsor. 8 Best WordPress Hosting Solutions on the Market Why Tech Companies Need Simpler Terms of Servic…last_img read more