Foreclosures, Delinquencies Drop Year-Over-Year

first_img April 11, 2017 1,320 Views  Print This Post The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Foreclosures, Delinquencies Drop Year-Over-Year On Tuesday, CoreLogic released its monthly Loan Performance Insights Report for January 2017, which analyzes rates of delinquency and foreclosure. Overall, delinquency rates saw steady drops year-over-year. In January 2017, 5.3 percent of mortgages were delinquent by 30 days or more, a 1.1 percent percentage point decline in the overall delinquency rate year-over-year.“The 30-plus delinquency rate, the most comprehensive measure of mortgage performance, is at a 10-year low and rapidly declining,” said Frank Martell, president and CEO of CoreLogic. “While late-stage delinquencies remain in the pipeline in selected markets, early-stage delinquency performance is stellar and the lowest it’s been in two decades. The continued improvement in mortgage performance bodes well for the health of the market in 2017.”The foreclosure inventory rate in January 2017 dropped year-over-year as well, from 1.1 percent in January 2016 to 0.8 percent in January 2017. Additionally, the serious delinquency rate, or loans 90 days or more past due, dropped from 2.4 percent to 2.1 percent year-over-year.Another drop was seen in early-stage delinquencies, or those that are 30-59 days past due. Early stage delinquencies dropped year-over-year from January 2016’s 1.2 percent to 0.9 percent“Steady job and income growth, combined with full-doc underwriting, has led to low early-stage delinquencies,” said Dr. Frank Nothaft, Chief Economist for CoreLogic. “January’s 0.9 percent transition rate for current to 30 days late is lower than a year ago and much lower than the 1.5 percent average from 2000 and 2001, during which the foreclosure rate was, conversely, lower than it is today.”CoreLogic additionally analyzed transition rates, as it states “early-stage delinquencies can be volatile.” 0.9 percent of mortagges went from current to 30 days past due in January 2017, another year-over-year drop, as that rate was 1.2 percent in January 2016. The transition rate previously peaked in November 2008 at 2 percent.Read more from CoreLogic’s report here. Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Delinquency Foreclosure Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Wells Fargo Reclaims $75 Million from Execs Next: Consumers Slowly Getting Savvier About Finances in Daily Dose, Featured, Foreclosure, News About Author: Seth Welborn Foreclosures, Delinquencies Drop Year-Over-Year Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer. The Best Markets For Residential Property Investors 2 days ago Delinquency Foreclosure 2017-04-11 Seth Welbornlast_img read more

Vermont Farm Viability Program awards $65,000 to five Ag-related businesses

first_imgThe Vermont Housing and Conservation Board announced today grant awards made by the Farm Viability Program to five meat, poultry and grain processing businesses totaling $65,000. Secretary of Agriculture Roger Allbee said, “With producers all over Vermont raising more grain, poultry and meat in response to the increasing demand for local foods, processing facilities are stretched to the limit. These grants will enable businesses in Westfield, Sharon, Bridport, West Glover and Morrisville to purchase equipment, expand facilities and increase capacity, enhancing the processing infrastructure of Vermont’s food system.”Vermont Rabbitry in West Glover has marketed high quality fresh rabbit meat throughout Vermont and New England since 1987. In 1992, Brown’s Custom Meats was established, adding services including butchering and packaging of beef, pork, veal, lamb and goat. With a $15,500 grant matched with his own investment and a bank loan, operator Phil Brown anticipates doubling his capacity to process rabbits and significantly increasing his capacity to process other locally raised meats. Equipment will be upgraded, allowing him to offer vacuum packaging of custom meat and a wider variety of products including rabbit sausages and ground rabbit to be sold in meat cases across the state.In Bridport, Gleason Grains is an organic milling facility on a small farm operated operated by Ben and Theresa Gleason. The largest operation of its kind in Vermont, the mill facility was built in 1988. The Gleasons raise soybeans, black beans, seed clover, hay and wheat on 100 acres of land. They process the wheat to provide whole wheat flour, pastry flour and wheat berries to customers including bakeries, food co-ops, health food stores, an internet business, a brewery, CSAs, schools and restaurants. In 2010, the Gleasons expect to double the amount of wheat they are processing through a collaboration with three Addison County farmers. In order to process the increased yield, Gleason Grains will use a $15,500 grant from the Farm Viability program to expand and upgrade the current mill facility, storage and drying facilities.Butterworks Farm in Westfield is a farm and milk processing business, producing bottled heavy cream and yogurt and raising corn, soybeans, sunflowers, barley, oats, wheat and peas on 200 acres of owned and leased land. A $14,000 Farm Viability grant will be matched by Anne and Jack Lazor to purchase equipment for hulling whole oats and spelt grain and producing rolled oats and spelt flour to be sold through Vermont Food Coops. Butterworks Farm will offer grain processing services to area farmers to encourage more farmers to raise grains in order to meet a growing demand for locally grown foods.Darryl and Brenda Potter will purchase a cryovac wrapping machine for vacuum packaging at their slaughterhouse, Sharon Beef, where they process beef, lamb, pork and bison for farmers and producers in the agricultural communities of Vermont and New Hampshire. A $15,500 grant, matched with a construction loan and in-kind labor will allow the Potters to make structural and lighting improvements to their facility and install the new machinery. Offering cryovac packaging will increase processing business for commercial customers that are looking for a professional presentation of meat for retail sales. The Potters plan to maintain their current slaughter capacity but to increase the number of customers using their processing services who currently take their meat elsewhere for packaging.In Morrisville, Spring Hill Poultry Processing began operating in the summer of 2009, leasing a mobile processing unit outfitted by the Vermont Agency of Agriculture in response to the scarcity of poultry processing facilities. Operator George Eisenhardt will make improvements to the mobile facility to accommodate a doubling of demand for his services. With a $4,500 grant he will add refrigeration capacity, improving services and reducing costs of the mobile poultry processing.The Vermont Farm Viability Program offers business planning and technical support to Vermont farmers. Farmers and ag-related businesses that complete business plans with the program are eligible to apply for implementation grants. The program aims to support and enhance the viability of agriculture in Vermont. The Farm Viability Program is operated by the Vermont Housing & Conservation Board, in collaboration with the Vermont Agency of Agriculture, Food & Markets. For more information, please contact Director Ela Chapin at 828-2117 or see www.vhcb.org/viability.html(link is external)Source: VHCB. 5.12.2010– end —last_img read more

Colombian Government Gives Green Light For Rebel Hostage Release

first_imgBy Dialogo November 25, 2009 The Colombian government has authorized the International Committee of the Red Cross and the Catholic Church to make “the necessary contacts” with leftist rebels for the release of two soldiers the guerrillas said they are prepared to free unilaterally. That news coincided with rumors that one of the prisoners due to be released, army Cpl. Pablo Emilio Moncayo, had managed to escape from the Revolutionary Armed Forces of Colombia, or FARC. “The government will provide the necessary guarantees and reiterates its readiness and willingness for this process to be completed as soon as possible,” President Alvaro Uribe’s administration said in a statement announcing the authorizations. FARC commanders said months ago that they were willing to unilaterally free Moncayo and Pvt. Josue Daniel Calvo and deliver the body of police Maj. Julian Ernesto Guevara, who died while in captivity. Until last week, Uribe had been insisting that the rebels hand over all 25 of the soldiers and police they are holding, but the FARC wants to trade 23 of those captives for some 500 jailed guerrillas, a few of whom have been extradited to the United States. The Colombian government has agreed to the FARC’s request that opposition Sen. Piedad Cordoba – instrumental in earlier prisoner releases – join Red Cross and church representatives on the mission to receive the soldiers. Cpl. Moncayo was captured on Dec. 21, 1997, in a rebel attack on the southern town of Cerro Patascoy and is one of the two soldiers who have spent the most time in captivity. His father, teacher Gustavo Moncayo, said Tuesday that a person he declined to identify had told him authorities had indications his son escaped from the insurgents. “Last night I received a call that a guerrilla communication was possibly intercepted in which they say Pablo Emilio escaped,” the elder Moncayo told Caracol Radio. Gustavo Moncayo has become known as the “peace walker” for trekking long distances on foot while wearing chains around his neck to call attention to the plight of his son and the other hostages. Uribe and the FARC accuse each other of having no real interest in negotiations and the president has instead favored rescue operations to free the hostages. One such mission last year, in which Colombian troops disguised as Red Cross workers freed former presidential candidate Ingrid Betancourt, three U.S. military contractors and 11 others, was a resounding success. Yet hostage families say the risks are too great, pointing to the deaths of 11 lawmakers during a clash several years ago between the rebels and army soldiers.last_img read more

Ilog local arrested for ‘acts of lasciviousness’

first_imgThe court recommended a P180,000 bail bond for his acts of lasciviousness case while no bail bond was recommended for his rape case./PN The suspect was detained in the lockup cell of the Ilog municipal police station. Baylon’s apprehension was staged on the strength of an arrest warrant issued by Judge Rodney Magbanua of the Regional Trial Court Branch 61 in Kabankalan City dated June 8, 2020. BACOLOD City – Police arrested a man facing acts of lasciviousness and rape charges in Barangay Dancalan, Ilog, Negros Occidental. Resident Pablito Baylon Jr., 40, was caught on the strength of an arrest warrant around 9 a.m. on June 30, a police report showed.last_img read more