Beige Book: Economic Conditions Improved Since Q1 2014

first_imgHome / Daily Dose / Beige Book: Economic Conditions Improved Since Q1 2014  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Beige Book Federal Reserve Home Prices Mortgage Lending 2014-06-04 Tory Barringer The Best Markets For Residential Property Investors 2 days ago A survey of activity across the United States finds economic conditions have largely improved since the end of the slower first quarter.In its latest Beige Book, released Wednesday, the Federal Reserve noted economic activity has expanded in recent months, with the pace of growth “characterized as moderate in the Boston, New York, Richmond, Chicago, Minneapolis, Dallas, and San Francisco Districts, and modest in the remaining regions.”Compared to the last report, released in mid-April, growth picked up in the Cleveland and St. Louis districts but slowed in the Kansas City district, the Fed reported.Wednesday’s summary reinforces comments offered by Fed Chair Janet Yellen recently in which she forecast a faster pace of expansion as “financial conditions remain supportive of growth in economic activity and employment.” The report will be one of the factors in consideration when Yellen and the other voting members of the Federal Open Market Committee meet in two weeks to decide how to proceed with the Fed’s shrinking stimulus efforts.The central bank reported mixed news in residential real estate, “with some reports of low inventories constraining sales,” particularly in the Boston, New York, and Kansas City districts. Activity also softened in the Philadelphia, St. Louis, Minneapolis, and San Francisco regions, the latter of which attributing part of the weakness to “severe weather.”Meanwhile, home prices maintained their upward trend across most of the country, with only Boston reporting slight pullback in prices of single-family homes.Mortgage lending activity was similarly mixed. The Fed observed increases in residential real estate lending in the regions of Chicago, Kansas City, and Dallas, while activity held steady in Atlanta and San Francisco. On the other hand, Cleveland saw a slight weakening in lending, as did Richmond, thanks to a decline in refinancing. June 4, 2014 813 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Beige Book Federal Reserve Home Prices Mortgage Lending Related Articles Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Government, Headlines, Newscenter_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Beige Book: Economic Conditions Improved Since Q1 2014 Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Millennials Use ‘Bank of Mom and Dad’ for Down Payment Help Next: New Hampshire Foreclosure Outlook Largely Positive Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

One State Takes Mortgage Relief a Step Further

first_img January 27, 2016 2,275 Views In December, President Obama signed into law the omnibus bill that included a provision allowing homeowners to exclude forgiven mortgage debt from their gross income when filing federal tax returns.More than a month later, California State Senator Cathleen Galgiani (D-Stockton) has introduced a bill that would extend tax relief on forgiven mortgage debt for homeowners when filing their state income tax returns. Senate Bill 907 would allow California homeowners who have either sold their home in a short sale or received some type of forbearance on their mortgage payments to exclude forgiven or cancelled mortgage debt from their state income tax forms when listing their income. Without legislation, both the California state and federal government would require homeowners to list cancelled mortgage debt as income.California has been one of the states hardest hit by the housing crisis. In January 2009, distressed residential property sales in the state peaked at 67 percent—meaning REO sales and short sales accounted for approximately two-thirds of all residential home sales in the state during the month, according to data released by CoreLogic on Tuesday. By November 2015, the distressed sales share had fallen to slightly more than 8 percent in California, according to CoreLogic—but the state still ranked fourth in completed foreclosures for the 12-month period ending in November 2015 with 24,000. Not only that, but financial troubles have still persisted in the state. For example, in 2015, more than 80,000 consumers filed for bankruptcy in the state of California—tops among states and more than 24,000 more than second-place Illinois, according to AACER bankruptcy data reported by Epiq Systems.Galgiani’s bill would provide much-needed state income tax relief to borrowers who cannot afford to pay taxes on money which was counted as income but money that they never actually received.“This is a common-sense measure to avoid additional fiscal burdens on those who are facing financial uncertainty as a result of the economic crisis and often unemployment,” said Galgiani. “Taxpayers who have lost their homes could face an additional income tax liability of thousands of dollars or more.”The exclusion of forgiven mortgage debt provision for federal income tax that was signed into law by President Obama in December is an extension of the Mortgage Forgiveness Debt Relief Act of 2007, originally signed into law by President George W. Bush. The original act relieved distressed homeowners from having to pay taxes on forgiven mortgage debt for the three calendar years of 2007 through 2009. That tax exemption was extended three more years until the end of 2012 with the Emergency Economic Stabilization Act of 2008, and it was extended until the end of 2013 with the American Taxpayer Relief Act of 2012. In December 2014, president Obama extended the tax exemption for forgiven mortgage debt until the end of 2014. Last month, it was extended until the end of 2017.“We want to make sure that families who are trying to stay on their feet aren’t kicked while they are down,” said U.S. Rep. Tom Reed (R-New York), sponsor of the standalone proposal included in the omnibus bill. “Many times they have tried to do everything right, but still run up against tough financial times and the Federal government shouldn’t add insult to injury by levying a tax bill that could cost their homes.” One State Takes Mortgage Relief a Step Further Previous: What’s Driving the Growth of the Housing Market? Next: DS News Webcast: Thursday 1/28/2016 Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: California Forbearance Mortgage Forgiveness Debt Relief Act Shot Sales Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Home / Daily Dose / One State Takes Mortgage Relief a Step Further California Forbearance Mortgage Forgiveness Debt Relief Act Shot Sales 2016-01-27 Brian Honeacenter_img in Daily Dose, Featured, Loss Mitigation, News  Print This Post The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Subscribelast_img read more

Mini adventure on the Isle of Wight

first_imgHose Rhodes Dickson has seven offices on the Isle of Wight, making it the largest independent agency on the island. They have recently taken delivery of 13 new Minis from Snows Mini, through their Isle of Wight dealership.Matthew White, Partner at Hose Rhodes Dickson, says, “The Minis will be used by our staff, travelling between the many desirable properties across the island.”To celebrate the smart new Minis, the agency (with Snows Mini) has launched a public competition to win a Mini for the weekend, complete with a stay at the Balmer Lawn Hotel in the New Forest.To win the prize, people have to spot the Mini that is number 13 – clues to its whereabouts are being released on the Hose Rhodes Dickson Facebook page and on Twitter. Once spotted, entrants need to take a selfie with the Mini and post it on facebook, Twitter or Instagram, using the hashtag #iowMINIhunt – and tag Hose Rhodes Dickson (@HRDiw) and Snows MINI (@SnowsMINI).Isle of Whight Minis Hose Rhodes Dickson August 20, 2016The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Marketing » Mini adventure on the Isle of Wight previous nextMarketingMini adventure on the Isle of WightThe Negotiator20th August 20160643 Viewslast_img read more

Airports recorded an increase in traffic

first_imgThe total number of aircraft landings and take-offs at airports in February 2019 was 4, which is an increase of 442% compared to February 2018. The largest passenger traffic was generated by Zagreb Airport with 179 thousand passengers (an increase of 5,8% compared to February 2018), followed by Dubrovnik Airport with 34 thousand passengers (an increase of 39,0% compared to February 2018) and the airport Split with 33 thousand passengers (an increase of 13,7% compared to February 2018). In February 2019, Croatian airports recorded 252 thousand passengers or 9,9% more than in the same month last year, according to data from the Central Bureau of Statistics (CBS). center_img The most significant international passenger traffic was realized with German airports, 72 thousand passengers, which is an increase of 17,9% compared to the same period last year.last_img read more

Lakers execs take to Twitter to voice support for Luke Walton as rumors swirl

first_img Newsroom GuidelinesNews TipsContact UsReport an Error DALLAS – After six days of speculation were met with silence from the top members of the Lakers organization, executives finally rallied around coach Luke Walton on Saturday.It started when Lakers owner Jeanie Buss tweeted during the first quarter of the Lakers 107-101 win over Dallas that she en route to Memphis for the Lakers game on Martin Luther King Jr. Day and included the hashtag “#InLukeWeTrust.”Shortly after the game, Magic Johnson tweeted: “Coach Luke Walton has the Lakers playing some of their best basketball of the season.”The social media posts were the first public displays of support since LaVar Ball told ESPN last weekend that Walton had lost control of the locker room. Those missives, paired with the Lakers silence, fueled speculation that the organization was divided on Walton’s future and even that they might look to hire former Grizzlies coach David Fizdale as a replacement. “There’s a sanctity to the coaching profession that’s important,” Carlisle said Saturday. “Our (coaches’) association has been around a long time and we’re a group that needs to protect each other.”Walton said he reached out to Carlisle after the Mavericks coach, who is also president of the NBA Coaches’ Association, released a statement.“The whole NBA world is a tight community,” Walton said, “then within that there’s obviously different groups. But I knew the coaches all stick together.”center_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersWalton has maintained throughout the curious ordeal that he had received private assurances from the Lakers that his job was safe.“Jeanie’s always been great,” he said Saturday. “So there’s no doubt that they support me. I haven’t seen the tweet but, again, I don’t have Twitter. So, if you want to send it to me later I’ll take a look, but I know they support me.”The Lakers won their fourth straight game against the Mavericks. Forward Brandon Ingram, who suffered a sprained ankle in the loss, said the external chatter did not infiltrate the locker room, but when asked about Walton, said, “Whatever he’s doing right now is working.”Buss had used the same hashtag, #InLukeWeTrust, on New Year’s Eve. But the Lakers lost their first game of the new year by 37 points, and their losing streak eventually reached nine games, sparking Ball’s criticisms.It was fitting that the Lakers were in Dallas on the day of Buss’s tweet. While it took the Lakers nearly a week to find their voice, Mavericks coach Rick Carlisle led a chorus of head coaches who out in support of Walton and criticize ESPN for giving Ball a platform.last_img read more

Thurston County Solid Waste Releases Six-Month Plastic Bag Ban Report

first_imgSubmitted by Thurston Solid WasteFewer plastic bags are floating around Thurston County as litter or contaminating our recycling and compost programs. This is largely due to the plastic bag bans adopted by Lacey, Olympia, Tumwater, and the unincorporated areas of Thurston County in 2014.The Solid Waste Division of the Public Works Department conducted a waste sort shortly after the ban took effect last year. A 53% decrease was seen even while some stores and residents were using up supplies they had. “The main reason for the ban was the negative environmental impacts of the approximately 90 million single-use plastic shopping bags used in Thurston County each year. So that large of a decrease, that quickly, shows it is working,” said Terri Thomas, Waste Reduction Specialist with Thurston County.Six months into the ban, Thurston County Solid Waste conducted a survey soliciting feedback of residents and local businesses and has now posted those results online. “We were glad to see that over 7,300 residents took the survey but disappointed that we received only 65 business responses,” said Thomas. The countywide survey results, with comments, is 819 pages so best read online. The results are also broken down by jurisdiction. Only 3% of residents report carrying out their purchases in single-use plastic bags as opposed to 63% before the ban. Use of reusable bags has gone from 20% to 53%. Forty-six percent of the residents and 51% of verified businesses that took the survey feel the ban should be kept in place or expanded to other jurisdictions.The Solid Waste Division will conduct another survey of residents and businesses on the plastic bag ban ordinance in July 2016. Those interested in reading the six-month report and survey results can visit www.ThurstonSolidWaste.org/plastics.The website also lists the ordinances, tips to remember to bring your bags, guidelines for safe use of reusable bags, and downloadable signs for retailers. For more information, contact Terri Thomas at [email protected] or (360) 867-2279. Facebook368Tweet0Pin0last_img read more

First giants clash of the season as Vipers SC host SC Villa

first_imgVipers SC players in a recent training session. Photo by Shaban Lubega.Azam Uganda Premier leagueVipers SC vs SC VillaSt.Marys stadium, Kitende4:00pmFOOTBALL–All eyes will be on Tadeo Lwanga this evening as the Viper’s midfielder takes on his former side Villa for the very first time since completing his summer move.The fomer SC Villa captain was responsible for one of Vipers’ losses to the Jogoos last season when he inspired his fomer team to a hard fought 2-1 victory away to his current employers, scoring the winner in the process.“It is a big game for us as a team but more so for me as an individual because I’m playing against my former club,” he said.“Of course, I am thankful to them because they gave me a chance to showcase my talent, but football is a job and right now that’s history, all my focus is to help Vipers win,” he added.Miguel Da Costa, Vipers SC coach in an interview with PML Daily, said today’s game is important because his team will be playing a great opponent that challenges for the same targets like them.“We are at home, well prepared and we shall try to play our best and this means winning,” he said.On the other hand, Paul Mutakabala, the SC Villa assistant coach, said: “For us we are going in the game expecting positive results and despite playing one of the title favorites, we shall play our game and expect the best after 90 minutes.”“In our last game in the league, we wasted a lot of chances and later lost concentration and conceded in the late minutes. We have since learnt from our mistakes,” he said.Key statisticsLast season, SC Villa managed a double over Vipers SC, winning 2-1 at Nakivubo stadium and 1-0 at Masaka recreational grounds.Before Villa registered the double over Vipers last season, they had gone 14 matches without registering a win over the Venoms.The encounter tomorrow will be the 25th between the two sides, with Vipers Sc having a better head to head winning 9, losing 5, drawing 10 and scoring 31 while conceding 26.Vipers have lost only one of thier last five league games (W3 D2). The loss was inflicted by today’s opponents SC Villa late last season.The Venoms have not lost any of their last 11 home games in the league (W8 D3).For Villa, they head into the encounter having not lost in any of their last seven league games (W4 D3).Away from home, Villa have worryingly won only three of their last 11 league fixtures (D5 L3)SC Villa have scored atleast a goal in all of their last five games away to Vipers in the top flight.Other fixtures today.UPDF FC vs Express FC @BomboKirinya JSS vs BUL FC @JinjaCommentslast_img read more

Product Verification – Are We SAVED?

first_imgFollowing up on my comments on green product verification – One More Thing to Worry About– I recently learned about ICC ES-SAVE (Sustainable Attributes Verification and Evaluation), yet another program to verify the sustainability of products.While still new, at first glance, this program appears to get it right. They have rigorous criteria, including on-site inspections of factories, providing end users with assurance that a company’s claims of sustainability are true. Their goal is to provide “technically accurate product information that can be helpful to those seeking to qualify for points under major green rating systems (U.S. Green Building Council’s LEED, Green Building Initiative’s (GBI) Green Globes, or the proposed National Green Building Standardâ„¢).”Nine Faces of SustainabilitySAVE has nine criteria under which products can be certified:• Biobased Material Content• Solar Reflectance, Thermal Emittance And Solar Reflective Index Of Roof Covering Materials• Regionally Extracted, Harvested Or Manufactured Materials Or Products• Volatile Organic Compound (Voc) Content And Emissions Of Adhesives And Sealants• Volatile Organic Compound (Voc) Content And Emissions Of Paints And Coatings• Volatile Organic Compound (Voc) Content And Emissions Of Floor Covering Products• Formaldehyde Emissions Of Composite Wood And Engineered Wood Products• Certified Wood And Certified Wood Content In ProductsProducts that meet their criteria are issued a Verification of Attributes Report or VAR (they seem to be slightly acronym obsessed, but I’ll forgive them), confirming that their claims are true. The first, and thus far only, VAR issued is for bio based content in the new Icynene spray foam. It is short and sweet, simply stating the fact that they have 8% bio based content in their product (with +/- 3% variation – is that 3% of 8% or 3% of 100%? I could use an explanation).Washing our Hands of GreenwashingCertifying buildings under the various green programs thus far has relied on manufacturer’s statements that products meet the various requirements for recycled, local, bio-based content, and other related criteria. This method, with little if any oversight, is wide-open to greenwashing. By providing independent third-party verification, the ICC should raise the bar for all programs, eventually eliminating the potential for incorrect or unsubstantiated claims. It should also help provide credibility that some of the industry created and managed programs may lack. As this program develops, we may see program points for sustainable products requiring ICC-SAVE, or equivalent, certification.Marking Their TerritoryI am sure that there will be plenty of fussing over which certification is better, or even acceptable. It would be a shame if every “certification” program is accepted by all the green building programs. It is likely, however, that the more rigorous programs will accept only a higher level third-party certification, while others will be less restrictive. Just as we are seeing NAHB, LEED, Energy Star, and other local and regional programs out there marking their territory, I expect that the various product certifications will do the same. Think dogs and fire hydrants. It will be interesting to watch.last_img read more

Affordable Adobe Creative Cloud Pricing for Photographers

first_imgFor a limited time Adobe is making Creative Cloud more affordable for professional photographers.When Adobe announced it’s Creative Cloud subscription model earlier this year, the news marked a major shift in the way creative professionals will pay for their software. Since then other software developers have followed suit with similar subscription models.The $50/month price tag for Creative Cloud gives access to constantly updated versions of Adobe’s powerful creative applications.  But if you only need two apps from the suite the price might seem a bit hard to justify. This is the feedback that Adobe heard from many pro photographers who only need Photoshop and Lightroom in their post workflows.  So, Adobe has responded with new pricing:Get Photoshop CC, Lightroom, 20 GB of online story and a membership to Adobe’s Behance portfolio site for a total of $9.99/month.This will come as great news to the photography crowd, the only catch being that you must own a copy of CS3 or higher to quality for this special pricing. For those that don’t have a CS3 copy, RevellPhotography.com suggests looking on eBay for a copy (you’ll have to pony up a bit more up front but will be cheaper than a full Creative Cloud membership in the long run).The offer should be available to the public by October and will run through the end of December 2013.last_img read more

10 months agoEx-Real Madrid fitness coach Mauri: Ancelotti would’ve kept winning

first_imgEx-Real Madrid fitness coach Mauri: Ancelotti would’ve kept winningby Carlos Volcano10 months agoSend to a friendShare the loveGiovanni Mauri, Carlo Ancelotti’s long-time fitness coach, has spoken of their demise at Real Madrid.Mauri only ended his association with Ancelotti this season at Napoli, though his son is now part of the staff.On Real Madrid, Mauri told TuttoNapoli: “Not only did we win the Decima, but also a Copa del Rey, a Super Cup, a World Cup … The memory is beautiful, despite the end.”I went from being defined as a ‘hidden genius’ to being regarded as ‘the designated one’, and all for reasons of the Merengues leadership.”Yes, those seasons were the best of my career, a pity that it would end like that, we could have continued to win as my friend (Zinedine) Zidane did later.”They said that the defeat with Juve was the fault of our athletic preparation, which they defined as soft, but it was a lie: we know very well what was behind that year. We achieved the club’s record of consecutive victories, 22, and that says it all.” TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your saylast_img read more