Report Predicts Big Year for Housing in 2015 Based on Recent Government Actions

first_img Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News, Secondary Market Data Provider Black Knight to Acquire Top of Mind 2 days ago Credit Availability Fannie Mae FHA FHFA Fitch Ratings Freddie Mac 2015-01-12 Tory Barringer Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Credit Availability Fannie Mae FHA FHFA Fitch Ratings Freddie Mac Demand Propels Home Prices Upward 2 days ago With 2015 less than two weeks underway, Fitch Ratings is the latest forecaster predicting great things for housing in the coming year. However, unlike other commentators, whose projections were based on encouraging market trends, the ratings agency says it’s a combination of recent government actions that reinforces its view.In a report released Monday morning, Fitch outlined five big events—all of which have taken place in the past few months—that, taken together, “could have a relatively meaningful impact on home buyer psychology, pent-up demand and housing trends in 2015 and beyond,” the company says.The Federal Housing Administration’s (FHA) announcement that it will lower insurance premiums to 0.85 percent annually: Historically considered one of the top resources for low-income and first-time homebuyers, FHA has fallen off in the past few years as it’s been forced to raise premiums and require life-of-loan payments to help shore up its capital reserves. As a result of the changes, Fitch estimates that FHA’s share of the new housing finance market through Q3 2014 was down to 11.9 percent from 15.6 percent in all of 2013 and 20.4 percent in 2012. With premiums set to come down by the end of January—a move the White House estimates will save the average FHA borrower $900 annually—the agency expects FHA-insured loans may become a more attractive option again.Fannie and Freddie’s move to lower down payment requirements: In another action to open up mortgage lending, the Federal Housing Finance Agency (FHFA) announced in December that it has directed Fannie Mae and Freddie Mac to introduce programs offering down payments as low as 3 percent to qualified homebuyers. To minimize risk, FHFA said the programs will take into account compensating factors to prove creditworthiness and will feature homeownership counseling.FHFA’s clarified rep and warrant framework designed to reduce lender confusion: Taking notice of FHFA’s pursuit of certain originators over loans they sold to the GSEs, many lenders have set up stricter credit overlays (often worse than the GSEs’ minimum requirements) in order to mitigate putback risk. To reassure lenders, both Fannie and Freddie updated their frameworks in November to better define what they consider to be a misrepresentation, a step that will hopefully spur originators to expand their lending criteria.Regulators’ finalizing of the qualified residential mortgage (QRM) rule: FHFA, the Fed, the Comptroller of the Currency, and other financial regulators finalized in October a rule requiring banks to hold on to a portion of loans they sell, cutting out an exemption for low-risk mortgages. The final rule did away with an earlier provision requiring a 20 percent down payment for low-risk loans after mortgage bankers and trade groups voiced concerns about how such a requirement would restrict credit.A welcome decline in oil (and fuel) prices: An oversupply of oil has brought costs down by more than half, slashing costs at the pump considerably (in an interview with USA Today, Saudi businessman Prince Alwaleed bin Talal said he doesn’t expect to see oil prices climb to $100 per barrel again.) The decline has left American drivers with more disposable income, opening up affordable housing options for those who were worried about their commute. The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Report Predicts Big Year for Housing in 2015 Based on Recent Government Actions Demand Propels Home Prices Upward 2 days agocenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Tory Barringer Subscribe  Print This Post Home / Daily Dose / Report Predicts Big Year for Housing in 2015 Based on Recent Government Actions Sign up for DS News Daily Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Rogers Townsend & Thomas Elects Two Shareholders Next: ARMCO Announces New COO January 12, 2015 4,811 Views last_img read more

Dodgers will continue to pay team employees through May

first_imgLOS ANGELES — The Dodgers have notified non-playing team employees that they will continue to be paid through May even as the sport’s return remains a mystery.The Dodgers join the majority of major-league teams – including the Angels – in assuring team employees that they will be paid through May. The San Diego Padres have taken it a step farther, telling employees they will be paid for the entire 2020 season although some paycuts might be necessary.MLB suspended spring training on March 12 in response to the coronavirus pandemic and have postponed the start of the 2020 season indefinitely. Teams have set up funds to help game-day workers, with the Dodgers distributing $1.3 million and the Angels $1.2 million.But MLB commissioner Rob Manfred on Monday notified teams that the Uniform Employees Contract would be suspended as a result of the pandemic. Suspension of the UEC allows clubs to furlough team employees or institute paycuts. Since then, about two-thirds of the 30 teams have notified employees they would continue to be paid through May, though some senior staff have taken paycuts. Newsroom GuidelinesNews TipsContact UsReport an Error MLB has continued to explore ways to play a compressed and modified schedule of games in 2020, but no decisions have been made.last_img read more

Learner drivers told to apply for tests as average wait time is 7 weeks

first_imgThe average waiting time for learner drivers to sit their tests in Co. Donegal is now 7 weeks, according to new figures from the Road Safety Authority.Buncrana Test Centre has the longest waiting time in the county, with applicants waiting an average of 7 and a half weeks for tests.The longest time that learners have has to wait is 9 weeks in both Buncrana and Donegal Town. The times are expected to rise next month. The average waiting time in Letterkenny and Donegal Town is 6.7 weeks.The RSA has forecast that the waiting time in Letterkenny will drop to 5.3 weeks in September.Multiple learner permit holders who are eligible to sit a driving test are being called on to apply for one without delay. There are 41,316 people in Ireland who are on their fourth or subsequent learner permit.Moyagh Murdock RSA CEO said: “While we have seen an 11% decrease in the number of people holding a fourth or more learner permit this year, it’s simply not enough. The practice of people continuing to drive on learner permits without ever taking a test is unacceptable and unnecessary in today’s circumstances, where the national average waiting time to take a test is just over six weeks. “We want to assure learner permit holders that if you’ve been waiting to take your driving test and are eligible to take one, there’s never been a better time than now to book it. Waiting times have been reduced to just over six weeks nationally and the RSA will prioritise any urgent requests for a test. Passing your test could mean lower insurance costs in the order of 20-30%, and, more importantly, make you a better, safer driver, so no more excuses!”The RSA has created an easy-to-use online resource passthetest.ie to support learner drivers with information on how to access the driving test service and prepare for the test.Learner drivers told to apply for tests as average wait time is 7 weeks was last modified: August 27th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Fishing the North Coast: Fisheries roundtable to be held this Saturday

first_imgCongressman Jared Huffman (D-San Rafael), Chair of the House Subcommittee on Water, Oceans, and Wildlife, announced last Saturday that his first two fisheries roundtable discussions will be held in Northern California; the first this Saturday, October 5th, from 2:30-4:30 p.m. in Arcata, and the second on Monday, October 7th, at 1:00 p.m. in San Francisco. These are the initial stops on a nationwide listening tour on federal fisheries management designed to engage diverse perspectives, …last_img read more

SA, Ghana ‘poised to deepen cooperation’

first_img28 November 2013 South Africa President Jacob Zuma returned from a two-day state visit to Ghana on Wednesday, saying it was a highly successful trip which had “yielded very important results which will see our bilateral relations moving to a higher level”. Zuma was accompanied by a high-level government and business delegation on his trip, during which he held talks with Ghanaian President John Dramani Mahama and addressed a session of the South Africa-Ghana Business Forum. The signing of a bilateral air services agreement as well as memoranda of understanding in transport and energy “highlight the level of cooperation between our two countries, and we have agreed that these instruments should translate into concrete projects,” Zuma said in a statement on Wednesday. Both Zuma and Mahama encouraged businesses to take advantage of the two countries’ strong relations, and Africa’s positive economic growth prospects, to increase trade and investment. Addressing the South Africa-Ghana Business Forum on Tuesday, Zuma said the two countries were “poised to deepen our cooperation further in the fields of tourism, communication, energy, oil and gas, manufacturing, mining, agriculture as well as science and technology”. He noted that the recently launched Saldanha Bay industrial development zone on South Africa’s south-western coast “provides a vehicle for partnership for upstream exploration and production service companies operating in the oil and gas fields of sub-Saharan Africa”. A feasibility study conducted ahead of the launch found that Saldanha Bay is strategically located to serve as a service, maintenance, fabrication and supply hub for Africa’s booming oil and gas sector, due to the increasing number of oil rigs requiring maintenance, and their traffic flow passing from the west to the east coast of Africa. In October, German company Oiltanking GmbH entered a joint venture with a number of South African companies to build a commercial crude oil storage and blending terminal at the port of Saldanha. The company said that Saldanha was an excellent location for a crude oil hub, “as it is close to strategic tanker routes from key oil-producing regions to major oil-consuming markets”. According to The Presidency, South Africa’s imports from Ghana – the bulk of which was crude oil – amounted to R1.9-billion in 2012, while its exports to Ghana stood at an estimated R5-billion. South Africa is the 14th largest investor in Ghana, with investments adding up to more than R64-billion in the decade between 2003 and April 2013. There are more than 80 South African multinational and small-scale companies registered in Ghana. SAinfo reporterlast_img read more

To Prevent Fraud, Healthcare Organizations Must Streamline Their Data Processes

first_imgSuresh YannamaniPresident at Exela Technologies Tags:#data and security#fraud#health data How Data Analytics Can Save Lives How Myia Health’s Partnership with Mercy Virtua… Leveraging Big Data that Data Websites Should T… In 2018, Venmo suffered from a high volume of fraudulent transactions. Instead of taking measures to tightly control its data, the company responded by simply eliminating certain features. Only 2 percent of customers conducted transactions via the Venmo website, but the website accounted for 15 percent of net losses. Moving forward, the peer-to-peer payments company will only allow transfers via its mobile app.This is the type of fraudulent activity we often hear about in the news — large tech companies mishandling their customers’ data. But it’s nowhere near the most damaging or the most prevalent form of data fraud.Consider healthcare. In the past two years alone, 89 percent of healthcare organizations experienced some loss of control over their data, creating enormous costs. Across all industries, the average cost per compromised record is $148, but healthcare must contend with a staggering $408 per loss. That’s nearly three times higher than the average, and it’s the highest cost of any industry for the eighth consecutive year.The nature of the healthcare industry is what makes it particularly susceptible to fraud, waste, and abuse. Three key pillars within it (patients, hospital staff, and data management personnel) are often siloed. Even though they manage and interact with the same highly confidential data — sometimes via personal devices — they do not share a common communication platform, which increases the likelihood of a data security breach.When poor data management processes go unchecked, fraud has an opportunity to slip right through the cracks.Figuring Out FraudTraditionally, when we think about healthcare fraud, a practice known as “phantom billing” comes to mind.For example, an anesthesiologist could claim to administer more units of anesthesia than he or she actually did, then pass fraudulent billing onto the insurance companies. Similarly, a dentist could write multiple insurance claims for X-rays that patients never received. It’s unrealistic to expect insurance companies to reach out to patients and confirm that they got X-rays. Instead, they foot the bill, fund the fraud, and ultimately pass the costs on to patients.Another more insidious form of healthcare fraud occurs largely because of sloppy data management, miscommunication, and inefficient business practices. To illustrate, let’s say a patient stays in the hospital for 20 days and incurs a total bill of $100,000. If the hospital makes a mistake and submits the bill without key information, it can cause delays that add significant costs into the system.In this case, the insurance company will hold the bill for around 15 days while it tries to unsuccessfully process it, at which point it goes back to the hospital with a request for more information. When the back-and-forth process drags out for 60-plus days, thousands of dollars are wasted on administrative fees. Furthermore, the $100,000 bill becomes vulnerable to fraudulent practices such as balance billing, which occurs when hospitals illegally bill patients for outstanding balances after insurance companies submit their portion of the bill.This fraud may not have been carried out by individuals with bad intentions, but that distinction matters very little to those who suffer the consequences.The Future of Fraud DetectionThe pace at which fraud techniques advance and evolve means that we need to stay two steps ahead at all times. At its core, limiting fraud is about controlling information, whether it’s customer or corporate data. More specifically, prevention and detection require a mix of stricter internal data management policies and better data management systems.Efficiency is an enemy of fraud. With a seamless and comprehensive data management system that integrates data from multiple sources (e.g., patient to doctor, doctor to data management system, data management system to insurance company), time-intensive mistakes can be kept to a minimum and fraud can become easier to prevent.Organizations are also starting to tap machine learning solutions. Algorithms can comb both structured and unstructured data to look for and flag anomalies. Healthcare organizations can then rely on the experience of just a few staff to verify fraudulent transactions that might otherwise have remained buried beneath the surface. The power of artificial intelligence enables fraud to be detected and remedied much earlier in the process, saving the healthcare industry and its customers a lot of money.While the incorporation of machine learning and artificial intelligence into the fraud-detection process is exciting, the reality is that many healthcare organizations are too reliant on legacy platforms to immediately take advantage of these technologies. To step into the future of fraud detection, these organizations need to migrate to modern platforms that support intelligent data management.For organizations that do, fighting fraud will be easier than ever, and more than that, they will gain a competitive advantage through cost savings and improved patient experience. The business case is clear; it’s time to bring healthcare fraud detection into the 21st century. Related Posts AI: How it’s Impacting Surveillance Data Storage Suresh Yannamani serves as president of Exela Technologies, a global business process automation leader. last_img read more

Pumaren, GlobalPort brace for top seed Ginebra

first_imgRobredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Palace: Duterte to hear out security execs on alleged China control of NGCP Lacson: SEA Games fund put in foundation like ‘Napoles case’ Pagasa: Storm intensifies as it nears PAR View comments Every 18 seconds someone is diagnosed with HIV Star blasts Rain or Shine, moves one win away from semis MOST READ BREAKING: Cop killed, 11 hurt in Misamis Oriental grenade blast LATEST STORIES Cayetano dares Lacson, Drilon to take lie-detector test: Wala akong kinita sa SEA Games BSP survey: PH banks see bright horizon amid dark global recession clouds Don’t miss out on the latest news and information. “I think Ginebra is really peaking right. Their team has been there for the longest time, while us, we’re still in the process of trying to feel each other,” said GlobalPort head coach Franz Pumaren.“Starting in our San Miguel game, my mindset is we need three games to go to the next level. We got one against Alaska now, but we still need to wins against a tough Ginebra team,” he said.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSMalditas save PH from shutoutThe Batang Pier barely escaped the Aces, 107-106, and they will have to survive a couple more knockout games against the Gin Kings to make the semifinals.“Hopefully, we can match up. We got a one day preparation. Last Friday, we just played a hard game against San Miguel. Hopefully, we can pull it through. It’s hard playing the best team, but it’s nice playing against Tim Cone. We will learn a lot.” BREAKING: Cop killed, 11 hurt in Misamis Oriental grenade blast Sports Related Videospowered by AdSparcRead Next Photo by Tristan Tamayo/ INQUIRER.netAfter surviving Alaska in a do-or-die for the last playoff slot in the 2017 PBA Commissioner’s Cup, GlobalPort now finds itself in an unenviable position as it braces for top-seed Ginebra in the quarterfinals.The Gin Kings have won their last four games going into the playoffs, while the Batang Pier have been on a resurgence winning three of their last four outings.ADVERTISEMENTlast_img read more

a month agoSouness blasts Arsenal: Proper teams don’t play like that

first_imgSouness blasts Arsenal: Proper teams don’t play like thatby Paul Vegasa month agoSend to a friendShare the loveLiverpool legend Graeme Souness rapped Arsenal for their collapse at Watford.Arsenal stormed into a two-goal lead at Vicarage Road as Pierre-Emerick Aubameyang took advantage of his team-mates carving the Hornets apart to net twice.But a Sokratis mistake before half time saw Arsenal’s lead halved and Watford went for the jugular after the break.Roberto Pereyra had the final say in the game when he scored from the penalty spot nine minutes before the end. And it was Watford who came closest to winning the contest too through Abdoulaye Doucoure.”If you are an Arsenal supporter watching that you must be scratching your head,” said Souness. “It was as if this is the first team in the first half and then the second team in the second half, they capitulated.”Proper teams don’t play like that. Proper teams don’t have a half like that in the first and then play like that in the second half. Proper teams just don’t do that.”They bring on some kids – we were questioning them bringing on kids. That was a game that at 2-1 it was time to dig in and regroup and make sure they weren’t going to lose the game and they should have lost the game in the second half.”When the kids came on they were all over the place, it was like a game of basketball, and I think if you’re an Arsenal supporter that must deeply worry you.” About the authorPaul VegasShare the loveHave your saylast_img read more

Dan Mullen Receives Extremely Kind Letter From Conn. Resident Who Stayed In Same Hotel As Miss. St. During Orange Bowl

first_imgDan Mullen recieves letter from other hotel resident complimenting the teams behavior.Mississippi State Football LetterMost college kids are rowdy. College football players are college kids, so you would expect many of them to be rowdy, too, especially when they’re staying in a hotel. Mississippi State’s football players are apparently not, though. Bulldogs’ coach Dan Mullen recently received a letter from a Connecticut resident who stayed in the same Miami hotel as MSU during the Orange Bowl. It reflects extremely well on the Mississippi State football program. I was copied on this letter from a Conn. resident who stayed at @HailStateFB hotel during @OrangeBowl. #HailState pic.twitter.com/lGBKO0TDuL— Scott Stricklin (@stricklinMSU) June 26, 2015Mullen has to love receiving a letter like that.last_img read more