Mortgage Default Rate Declines For First Time in Seven Months

first_img The Best Markets For Residential Property Investors 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago March 17, 2015 993 Views The first mortgage default rate declined by two basis points from January to February, marking the first month-over-month decrease since July 2014, according to the S&P Dow Jones Indices and S&P/Experian Consumer Credit Default Indices for February 2015 released Tuesday.According to February’s first mortgage default index, the rate ticked downward to 1.00 percent in February from 1.02 percent in January after seven months of increases since falling to its lowest level of 0.88 in July 2014. February’s first mortgage default rate represents a decline of 23 basis points from February 2014 (1.23 percent). The rate recently experienced its largest increase in the previous 15 months (five basis points) from November to December 2014.”Mortgage default rates, the largest component in the national index, held steady and prevented a rise in the national numbers,” said David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “A true test of consumer credit quality and the prospects for future default rates will come in the second half of 2015 by which time the Fed will most likely have begun to raise interest rates. Given current low levels of default rates and low debt service burdens, there are no concerns of a consumer credit crisis any time soon.”The second mortgage default index, meanwhile, increased month-over-month in February by two basis points up to 0.66 percent. Year-over-year, however, this index dropped by three basis points from the 0.69 percent that was reported in February 2014.The national composite default index, which includes first and second mortgage defaults as well as those on bank cards and auto loans, stayed flat from January to February at 1.12 percent. The national composite index was down by 18 basis points year-over-year in February (from 1.30 percent reported in February 2014). The bank card default rate and the auto default rate increased by 23 basis points and three basis points month-over-month, respectively. Blitzer said all signs point to an improving economy, combined with the Bureau of Labor Statistics Employment Summary for February which reported job gains of 294,000 nationwide for the month and a drop in unemployment rate down to 5.5 percent, its lowest level in nearly seven years.”The combination of a strong February employment report and continued low oil prices all point to a buoyant economy with optimistic consumers,” Blitzer said. “The recent, though modest, increases in default rates for bank cards and auto loans suggest that consumers are becoming more free-spending.” First Mortgage Default Index S&P/Experian Consumer Credit Default Indices S&P 2015-03-17 Brian Honea Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Survey: Investors Still Prefer Flipping Despite Rising Rents, Low Vacancy Rates Next: Report: JPMorgan Chase to Buy $45 Billion in Agency Performing Loans From Ocwen Mortgage Default Rate Declines For First Time in Seven Months Subscribe in Daily Dose, Featured, Market Studies, News Home / Daily Dose / Mortgage Default Rate Declines For First Time in Seven Months Sign up for DS News Daily Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Tagged with: First Mortgage Default Index S&P/Experian Consumer Credit Default Indices S&P Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea 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 agolast_img read more

‘Future Of Thousands Of Students At Stake As They Have To Appear In Two Tests Instead Of One’ : NLU Consortium Files Affidavit In SC Against NLAT For NLSIU

first_imgTop Stories’Future Of Thousands Of Students At Stake As They Have To Appear In Two Tests Instead Of One’ : NLU Consortium Files Affidavit In SC Against NLAT For NLSIU LIVELAW NEWS NETWORK9 Sep 2020 6:49 AMShare This – xVice-Chancellor of NALSAR Prof. Faizan Mustafa, has filed a reply affidavit before the Supreme Court, in the plea against NLAT, supporting cancellation of separate admission test to NLSIU. In the affidavit filed in the capacity as the Secretary-in-Charge of the Consortium of NLUs, Prof. Mustafa has submitted that there is no provision either in the MoU signed by the NLUs or in…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginVice-Chancellor of NALSAR Prof. Faizan Mustafa, has filed a reply affidavit before the Supreme Court, in the plea against NLAT, supporting cancellation of separate admission test to NLSIU. In the affidavit filed in the capacity as the Secretary-in-Charge of the Consortium of NLUs, Prof. Mustafa has submitted that there is no provision either in the MoU signed by the NLUs or in the Consortium Bye- laws which permits a member of Consortium to conduct its own admission test. He has clarified that the decision to postpone CLAT was taken in the interest of students’ health however the exam will not be postponed any further as latest Unlock Guidelines do not permit any state to announce their own Lockdown. The submission has come in the plea challenging NLAT 2020, filed by former Vice Chancellor of NLSIU, Prof. (Dr.) R. Venkata Rao and an aggrieved parent of a CLAT aspirant.”Attempt To Make NLSIU From Island Of Excellence To Island of Exclusion”: Former NLSIU VC Venkata Rao Moves SC Challenging NLAT 2020 Responding on behalf of the Consortium, in discharge of his duties of Secretary-in-charge, Prof. Mustafa informed the Top Court that during Consortium deliberations on CLAT schedule, the Executive Committee did discuss the difficulties which NLSIU may face due to its trimester system but the NLSIU VC did not express any dissent. He has pointed out that various Consortium meetings were held during the month of August however, NLSIU VC did not inform them about their internal meetings dated August 6, August 12 and August 18 whereby the had resolved to conduct a separate exam. “It is submitted that being a member of the Consortium, more so its Secretary and Treasurer, it was expected that the Vice-Chancellor, NLSIU, would disclose/inform to the Executive Committee of the Consortium, of which he was a part, in its meeting dated 27.08.2020that about the decision of the Executive Council and Faculty of NLSIU to conduct a separate examination for admission. It may be noted that the faculty arrived at a decision to conduct a separate examination on 06.08.2020, the Executive Council had approved of this decision in its meetings on 12.08.2020 and 18.08.2020. Yet, the Consortium was kept in the dark about these happenings in its meetings,” the affidavit states.”…students were under the legitimate expectation that through CLAT they will be entitled to admission to all NLUs including NLSIU. The future of thousands of students are at stake as they are under tremendous mental pressure and have to appear in two tests instead of one for admission to NLUs”, he stated.”…thousands of lives have been jeopardized due to the arbitrary, irrational and fanciful notification issued by the NLSIU”, he said in the affidavit urging the court to stay the NLAT notification to “mitigate the damage caused to students”. Other grounds raised by prof. Mustafa are as below: NLSIU has gone against the Memorandum of Association and Bye-Laws of the Consortium provide that the Consortium shall be the sole entity which conducts the admission test viz., the CLAT, for its members. NLSIU has gone against the core values of the Consortium and policies and decisions of Governing Body, and has undermined the very basis of Legal education in the country.Students were under the legitimate expectation that through CLAT they will be entitled to admission to all NLUs including NLSIU. The future of thousands of students is at stake as they have to appear in two tests instead of one for admission to NLUs.Impugned Admission Notice clearly states that the approval of the Executive Council was received on 12.08.2020 and 18.08.2020. However, under the scheme of the NLSIU Act, 1986, the Executive Council was not empowered to amend the mode of admission of students except with the prior concurrence of the Academic Council. Updated Technical/ System requirements notified by NLSIU for candidates to appear for NLAT 2020 is “vice of discrimination”.The purpose stated for the decision to conduct the NLAT i.e. to avoid a “zero year” is baseless, irrational and arbitrary. Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Forced prostitution raises risk of HIV/AIDS infection

first_imgWomen in India who are forced into prostitution or sex trafficking are almost three times more likely to be HIV-infected than those who joined the industry voluntarily, according to Kathleen Wirth, ScD ’11, research fellow in the Department of Epidemiology at Harvard School of Public Health (HSPH) and the Botswana Harvard AIDS Institute Partnership in Gaborone, Botswana.“Involuntary sex work is not only a human rights crisis, but also exacts a devastating toll on health,” Wirth wrote in a November 28, 2013 online opinion piece in the New York Times. Read Full Storylast_img read more

Seven Shows Happening Outside NYC this Summer

first_imgHunter Foster, Santino Fontana, Lindsay Mendez, Marisa Tomei, Kyle Dean Massey, Will Swenson, Janet Dacal, Paul Alexander Nolan & Kelli Barrett(Photos: Bruce Glikas, Emilio Madrid-Kuser & Jeremy Daniel) Sure, there’s nothing like summer in the city, but sometimes we just need a break from off-brand Times Square Elmos, hot dog water and pedicabs. So hop in the Broadway.com-mobile with us and check out these intriguing theatrical events happening outside the concrete jungle. We’re making stops in the Berkshires, Sag Harbor, the Cape and more for all sorts of great shows, so let’s hit the road!The Rose TattooNow through July 17Williamstown Theatre Festival (Williamstown, MA: 3 hours from NYC)Oscar winner Marisa Tomei will head to the Berkshires to headline the 1951 Tennessee Williams play about an Italian-American widow in Louisiana who gets her groove back thanks to a hot-blooded trucker. And if that weren’t enough, Broadway beltress Lindsay Mendez is playing a Sicilian folk singer who provides musical interludes—which is precisely what we’ve been saying every play needs this whole time.Also at Williamstown Theatre Festival: Romance Novels for Dummies, An American Daughter, Cost of Living, The Chinese Room, Poster Boy and And No More Shall We Part.Buddy: The Buddy Holly StoryNow through July 16Bucks County Playhouse (New Hope, PA: 1 1/2 hours from NYC)Hunter Foster returns to Bucks County Playhouse to direct the show about the guy behind such songs as “Peggy Sue,” “That’ll Be the Day” and “Oh Boy.” We’ve seen Foster on Broadway plenty of times, but Pennsylvania’s the place to be if you want to see what he can do on the other side of the stage. Joining him on the creative team is Lorin Latarro, the Broadway gypsy-turned-choreographer who’s bringing sweet moves to Waitress.Also at Bucks County Playhouse: The Divine Sister and Cake OffBye Bye BirdieNow through September 4Goodspeed Musicals (East Haddam, CT: 2 1/2 hours from NYC)Gray skies are gonna clear up this summer at the Goodspeed. The riverside opera house will play host to Charles Strouse, Lee Adams and Michael Stewart’s musical about a rock star heading off to boot camp, and the fangirls after his heart. (The show is loosely inspired by our collective relationship with Aaron Tveit.) Among the cast is Broadway alum Janet Dacal, who you may know from such shows as In the Heights and Wonderland.Also at Goodspeed: A Sign of the TimesThe Music ManJuly 5 through 23The Cape Playhouse (Dennis, MA: 4 1/2 hours from NYC)What better way to chase your Fourth of July than with this American classic? The Cape’s got trouble this summer as Meredith Wilson’s musical about a conman, a librarian and kids who frankly aren’t great musicians takes the stage, marking the largest production the Playhouse has put on its 90-year history. The cast is full of Broadway alums, and a Broadway.com favorite is playing Marcellus: resident artist Justin “Squigs” Robertson! All together, now: Shipoopi!Also at The Cape Playhouse: Talley’s Folly, The May Queen, Cabaret and The MousetrapThe Roar of the Greasepaint – The Smell of the CrowdJuly 7 through 9Vassar & New York Stage and Film’s Powerhouse Theater (Poughkeepsie, NY: 1 1/2 hours from NYC)Santino Fontana is a man of many talents, and this summer, he’s showing off a few of them simultaneously. The Crazy Ex-Girlfriend star will star in a workshop presentation of Leslie Bricusse and Anthony Newley’s musical, featuring a book adapted by Fontana himself. You never know where a Vassar project will go, so if it turns into a cultural phenomenon, you’ll have bragging rights for a lifetime.Also at Vassar: Transfers, The Wolves and Another Word for BeautyThe Pirates of PenzanceJuly 15 through August 13Barrington Stage Company (Pittsield, MA: 3 hours from NYC)Calling all models of a modern major general: Pirates are taking over Massachusetts. Following their Tony-nominated revival of On the Town (which also started at Barrington), director John Rando and choreographer Joshua Bergasse are reuniting to present Gilbert and Sullivan’s show about swashbucklers, poor wandering ones and a whole lot of patter songs. The cast features several stage favorites, including Will Swenson, Kyle Dean Massey and Scarlett Strallen.Also at Barrington Stage Company: Kimberly Akimbo, American Son, Broadway Bounty Hunter and TribesMy Fair LadyAugust 2 through 28Bay Street Theater (Sag Harbor, NY: 2 1/2 hours from NYC)Here’s a reason to leave the street where you live. This August, Michael Arden will follow up his Tony-nominated turn directing Spring Awakening by helming My Fair Lady. The cast is led by two Broadway favorites: Paul Alexander Nolan (Bright Star) as Henry Higgins and Kelli Barrett (Doctor Zhivago) as Eliza Doolittle, and the intimate staging will feature a two-piano arrangement of the score. Wouldn’t a day trip to Sag Harbor be loverly?Also at Bay Street Theater: The Last Night of Ballyhoo and Absolute Brightness of Leonard Pelkey View Commentslast_img read more

PODCAST: Heroes in action

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » Credit Union Magazine’s 2019 Credit Union Heroes include a former teacher who’s still displaying class as a financial educator, an ex-banker who’s now preaching the credit union gospel, a financial counselor with a passion for outreach, and a self-described “bridge” to the community who has a penchant for collaboration.While each hero has her own journey, they share a commitment to community and a selfless desire to improve the lives of society’s most vulnerable.In this episode of the CUNA News Podcast, we talk to the four 2019 Credit Union Heroes—those who relentlessly promote credit union philosophy, dedicate themselves to credit union principles, and make sustainable differences in their communities:last_img read more