The Week Ahead: Positive Trends Signal Drop in Forbearances

first_img Demand Propels Home Prices Upward 2 days ago About Author: Eric C. Peck Monday afternoon marks the release of the latest Forbearance and Call Volume Survey from the Mortgage Bankers Association (MBA), and with a steady decline in forbearance volume, will the trend continue?There are currently an estimated 2.1 million homeowners in forbearance plans, a number that has dropped weekly for 11 consecutive weeks. Last week, 4.22% of servicers’ portfolio volume represented loans in forbearance, down 14 basis points from the previous week’s share of 4.36%.”The opening of the economy, as the successful vaccination effort continues, should lead to further reductions in the forbearance share,” said Mike Fratantoni, MBA’s SVP and Chief Economist. “However, many homeowners continue to struggle. Borrowers who are reaching the end of their forbearance term should reach out to their servicer to review their options.”With more and more Americans returning to the workforce and regaining their financial footing after the pandemic, will that number of homeowners in forbearance plans continue to plummet?This week, the U.S. Department of Labor reported the number of initial unemployment claims was initial claims was 444,000, a decline of 34,000 from the previous week’s revised level, marking the lowest level for initial claims since March 14, 2020 when unemployment claims stood at 256,000.That number, combined with the MBA’s total mortgage application volume rising 1.2% week-over-week, are two key spots that could signal economic strength in the near term.Here’s what else is happening in The Week Ahead:Senate Banking Committee Remote Hearing: The Semiannual Testimony on the Federal Reserve’s Supervision and Regulation of the Financial System (Tuesday)House Subcommittee on Oversight and Investigations Virtual Hearing-Consumer Credit Reporting: Assessing Accuracy and Compliance (Wednesday)Senate Banking Committee Remote Hearing: Annual Oversight of Wall Street Firms (Wednesday)MBA Weekly Applications Survey (Wednesday) Weekly Housing Market Recap (Wednesday)Terner Center for Housing Innovation at the University of California at Berkeley Webinar “Reducing the Complexity of Funding Affordable Housing: What Works?” (Thursday)House Financial Services Committee Virtual Hearing-Holding Megabanks Accountable: An Update on Banking Practices, Programs and Policies (Thursday)Freddie Mac Primary Mortgage Market Survey (Thursday)Senate Housing, Transportation, and Community Development Remote Hearing-Housing for Native Americans: Review of Federal Programs, Barriers, and Opportunities (Thursday)U.S. Department of Labor’s Unemployment Insurance Weekly Claims Report (Thursday)Black Knight weekly forbearance data (Friday) Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Forbearance and Call Volume Survey Mike Fratantoni Mortgage Bankers Association (MBA) U.S. Department of Labor 2021-05-21 Eric C. Peck Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 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 The Week Ahead: Positive Trends Signal Drop in Forbearances Previous: FHFA Paper Challenges Assumptions About 2008 Financial Crisis Next: 2021 Five Star Conference Welcomes Home the Industry Home / Daily Dose / The Week Ahead: Positive Trends Signal Drop in Forbearances Sign up for DS News Daily center_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago 9 days ago 594 Views Tagged with: Forbearance and Call Volume Survey Mike Fratantoni Mortgage Bankers Association (MBA) U.S. Department of Labor  Print This Post Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Foreclosure, Journal, News Related Articles Subscribelast_img read more

Wednesday people roundup

first_imgNational Employment Savings Trust, Candriam Investors Group, Hermes Investment Management, Ortec Finance, Mirae Asset Global Investments, Legal & General Investment Management, Ambienta SGR, Indexx Markets, Barnett Waddingham, Aberdeen Asset ManagementNational Employment Savings Trust (NEST) – Chief executive Tim Jones is to stand down at the end of the year after eight years in charge of the auto-enrolment vehicle. Jones was appointed in October 2007 as head of the Personal Accounts Delivery Authority (PADA), the government body charged with delivering NEST – an auto-enrolment master trust. PADA was renamed NEST in the build-up to auto-enrolment. The organisation said it was commencing its recruitment drive for a successor immediately and hoped to have someone in place by the time Jones steps down.Candriam Investors Group – Matthieu David has been appointed head of Italy, responsible for consolidating the asset manager’s presence in the pension fund and institutional mandates sector. He joins from BNP Paribas Investment Partners, where he was the director of external distribution in Italy. Before then, he held the position of senior client relationship manager at Fortis Investments Management Italia and, prior to that, spent more than 10 years with AXA Group in Italy.Hermes Investment Management – Eoin Murray has been appointed head of Hermes Investment Office, responsible for issuing the ‘kitemark’ given to all new investment strategies. He joins from GSA Capital Partners and previously served as CIO at Old Mutual. He has also held senior positions at Callanish Capital Partners LLP and Northern Trust Global Investments. Ortec Finance – Twan Possen has started at Ortec Finance as a senior consultant on pensions and insurance risk management. Previously, he worked at Aegon Asset Management as a senior consultant for investment solutions for three years, after working for a similar period at Ortec Finance as asset-liability specialist for insurers.Mirae Asset Global Investments – Sander van Ouwerkerk has been appointed head of Benelux and Nordic sales. Based in London, he will target a range of institutional, wealth management, fund of fund and private bank clients. Van Ouwerkerk joined Acadian Asset Management in 2011 as vice-president and director of business development. Before then, he worked at Dimensional Fund Advisers, where he was an institutional client manager.Legal & General Investment Management – Omar Saeed has been appointed senior portfolio manager within the global fixed income team. He joins from Zurich-based Swisscanto Asset Management, where he managed high-yield funds and absolute return portfolios. Before then, he held positions at Western Asset Management, F&C Asset Management, Standard & Poor’s and Habib Bank.Ambienta SGR – Nico Helling has been appointed a partner in Germany. He joins from Vorndran Mannheims Capital Advisors, a European mid-market fund, where he was a partner. Before then, he spent 10 years at Montagu Private Equity, where he was responsible for the investment business in Germany, Austria and Switzerland, as well as Poland and Eastern Europe.Indexx Markets – The managed indices provider has appointed Steve Thomas and Simon Brickles as non-executive directors. They join the board with immediate effect. Thomas is professor of finance at Cass Business School, while Brickles was head of AIM at the London Stock Exchange from 1994 until 2003.Barnett Waddingham – Pete Smith has been appointed to the investment consulting team as the company expands in Scotland. Based in Glasgow, he joins from Aon Hewitt’s investment consulting business.Aberdeen Asset Management – Mike Brooks has been appointed co-head of Diversified Growth along with Mike Turner. Brooks joins from Baillie Gifford, where he was the co-founder and an investment manager on the Baillie Gifford Diversified Growth Fund.last_img read more

‘Rohr will Give QPR’s Eze Eagles’ Invitation at the Right Time’

first_imgThe Nigeria Football Federation (NFF) has disclosed that the technical crew are keeping a close tab on Queens Park Rangers (QPR) midfielder, Ebere Eze and will soon extend an invitation to him to the Super Eagles.Eze, who has been the cynosure of all eyes in England Championship due to his sublime skills and pace for his club in recent games, was at his best in QPR’s 2-2 draw against Reading last weekend.There are growing fears that the NFF may lose the England youth international to the Three Lions of England just like Chelsea duo of Tammy Abraham and Fikayo Tomori if he’s not invited to the Super Eagles squad. Gernot Rohr However, an NFF top source told in an interview that the England youth international remains in the watchful eyes of technical crew and urged him to maintain his impressive form in the Championship.“Yes Ebere Eze is doing very well for Queens Park Rangers (QPR) in the Championship in England and it’s good news for us. Besides, he has come to the Super Eagles camp before when we went to play in London. Our scout knows him very well. Nigerians should not be too anxious and put him under undue pressure.” the top source told“There is always space for a good player in a team, most especially like the team we are building at the moment. So the scouts are monitoring him, he’s known to us and we see how it goes. But you know a lot of young players have come into the team of late and it’s an ongoing thing. If you are good enough and you can bring something extraordinary to the team, we can always give you a chance.“So we are very happy that Ebere Eze is doing well and believe that at the right time he will be giving the chance to play for the Super Eagles.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Just 9 games in, Syracuse players notice stronger midfield presence

first_imgThis year is just different for Eileen Finn. The senior defender senses something more about this year’s Syracuse women’s lacrosse team.The midfield is stronger. The defense is peskier. The attack has a multitude of scoring options.It all adds up to the fact that Finn feels the ninth-ranked Orange has a more balanced team than it has in years past.But even with all of that, Finn realizes something else. In her last go-round, if the Orange is to make a serious push for the final four, there is one more thing it has to do. Rather, one more thing it can’t do. Syracuse can’t afford to be stagnant on one side of the ball and expect to win.‘Everything has bumped up a notch this year,’ Finn said. ‘But definitely our defense in terms of communication has really taken it upon itself to talk to each other. And the attackers haven’t necessarily gotten better but have balanced out so that you can’t pinpoint one or two people on our attack anymore. All seven people are a threat to score every time.’AdvertisementThis is placeholder textThe Syracuse attack has been its clear-cut strength over the last several years. With ex-Syracuse star and current volunteer assistant Katie Rowan complimenting senior attack Halley Quillinan and senior midfielder Christina Dove, the Orange in the last few seasons were never hard-pressed to put goals on the board. But at times, the defense and midfield struggled, exposing weaknesses that ended SU’s seasons prematurely.Such weaknesses, despite the loss of senior defender Lindsay Rogers, seem to be less of an issue this season.‘To be honest I don’t think that our midfield has been what it is this year,’ Quillinan said. ‘Our midfield has been doing a great job off the draw controls and off the ground balls. We have improved in both of those categories. And I think defensively we are a more senior-led defense this year, which is rare in reference to years past. All over the field we’ve really stepped our game up, including the attack.’Much of Syracuse’s newfound balance, the team says, is attributed to personal dedication and a renewed sense of motivation.Despite three highly successful seasons, this current crop of seniors has endured three consecutive early exits in the NCAA tournament.Perhaps the most heartbreaking end to a season came in 2008, when the 18-2 Orange fell to No. 1 Northwestern in the final four.Realizing that it is the group’s last chance to achieve the highest level of NCAA glory, the upperclassmen say they trained harder in the offseason. They fine-tuned their games. After three seasons, these players are fully aware of what they need to do in order to become complete players.‘I think a lot of people coming into this season were obviously disappointed with the past few years and want to keep going further,’ Finn said. ‘So everyone took it upon themselves to improve their personal game in the offseason. They came back ready to go. So I think that each person individually raising their level has made us an all-around great team.’For Syracuse to be dangerous both offensively and defensively, it is imperative that the players take that extra step in their workout and practice regimens. Finn and the other seniors have attempted to ingrain that.But the seniors also acknowledge that it also takes more than that. It takes a certain kind of mentality – a core philosophy that must go beyond flashy passes and dynamic goals.‘We focus on all areas of the game,’ Gait said. ‘The difference is that we have a lot more seniors and upperclassmen playing on the defensive end of the field, and I think that’s really helped us.’[email protected] Comments Published on April 7, 2010 at 12:00 pmcenter_img Facebook Twitter Google+last_img read more