Housing Outlook Maybe Not as ‘Rosy’ as it Seems

first_img Demand Propels Home Prices Upward 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Housing Outlook Maybe Not as ‘Rosy’ as it Seems Previous: How Real Estate Professionals’ Lives Are Changing Next: ‘Slow and Steady Decrease’: Shifts in Mortgage Forbearance Rates Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Loss Mitigation, News, REO The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago October 6, 2020 1,695 Views 2020-10-06 Christina Hughes Babb Share Save About Author: Christina Hughes Babb Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post In 2021, America will experience a shift in the housing market, as millions of borrowers will emerge from forbearance plans.  RealtyBid and parent company Covius Tuesday hosted a webinar entitled “A 2021 Housing and REO Outlook: What to Expect and How to Prepare.”The presentation featured a panel of industry veterans who discussed how to think ahead to and prepare for this development, what macro-economic factors will influence the 2021 housing market, appreciating and depreciating MSAs, how to consider modeling for borrower in-flows and out-flows, needed operational capacity, and best practices to test now for 2021 REO inventory.The panel included Allan Weiss, founder of Case-Shiller Weiss and of Weiss Analytics; Sean Ryan, founder and CEO of Aspen Grove Solutions; Joe Chappell EVP at Covius; and Pete Pannes, Chief Business Officer of Covius.The housing outlook might seem “rosy,” Weiss began, but tracking particular data—namely interest rates, forbearance numbers, and stimulus developments—”will give people a better sense of the news.”Weiss, shared macro-economic factors likely to influence the 2021 housing market and discussed how servicers and investors can evaluate properties for underlying appreciating or depreciating indicators. He has lived through and tracked a few major housing market disruptions in his career, and he says this “shock” is like no other.Rates are remarkably low, especially in relation to inflation, he said, but warned, “If and when rates adjust, the party will be over.”He used the term “forbearance,” he said, to describe all the things banks do to impact homeowners. He went on to note that, while loan mitigation has the potential to help situations for homeowners, “help prevent worst case scenarios,” certain actions by banks can cause homeowners who are “facing a liquidity crisis” to “throw in the towel.” Something like that, happening in bulk, and across the nation, would lead to the risk of prices falling and, worst case scenario, America could experience a $450 billion loss, he said.”Any sort of price reducing meltdown could set off a chain of events that needs to be managed now and not later,” he said. The course of COVID-19 and related stimulus provisions to Americans, he said, would “inextricably” correlate with the housing market’s trajectory.An in-depth interview with Weiss about the current recession can be read at Millionacres.com.Ryan also led off with the direct ties that bind the path of a pandemic to developments in housing and default servicing, an industry in which he has served 20 years.He agrees with Weiss, saying that “Covid 19’s impact on the mortgage servicing industry is unlike anything we have seen before, not just in the magnitude of the economic downturn but also in its suddenness.”Ryan quoted and backed Federal Reserve Bank of St. Louis President James Bullard, who said in September, “Simple mortality risk-mitigation strategies hold the promise of delivering higher household incomes along with lower fatalities from Covid-19, thus improving outcomes along both dimensions. The downside risk remains substantial and continued execution of a granular, risk-based health policy will be critical in the months ahead.”White Papers penned by Ryan in April, July and September—on modeling default projections and measures that servicers might take to prepare—were widely recognized for their cogency.He co-authored “Mastering the Hard Part: Creating Positive Forbearance Outcomes From COVID-19,” in which he helps “evaluate current trends and asses a likely range of outcomes using a novel approach based on forward-looking market segmentation, outlines how servicers can leverage technology to address these segments … and offers a new baseline trajectory given updated assumptions on the progress of efforts against the disease and the level of government unemployment support.”He’s also penned papers on “Digital Borrower Engagement” and contributed to “Forbearance in the CARES Act: A Review of Issues, Impact, and Mitigation Strategies,” to name a few.His papers can be read in full on Aspen Grove Solutions’ website.Chappell who said, the pandemic is driving the “need for ongoing calibration” inside the industry,  took an operator’s view of designing processes and modeling capacity to assist borrowers exiting forbearance, using leading borrower indicators as well as external data, including MBA data, and models like Aspen Grove’s.Pannes said that while REO inventory is at historic lows, now is the time to test the readiness of teams, tactics, and strategies.Learn more about the contact of this webinar at Covius.com. 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Full Cast Set for Broadway-Aimed SpongeBob Musical

first_img Related Shows View Comments SpongeBob SquarePants ‘SpongeBob Musical’center_img We now know all the occupants of Bikini Bottom! Full casting has been announced for the Broadway-aimed The SpongeBob Musical. Main Stem alum Carlos Lopez (Man of La Mancha) will play Mr. Krabs in a company that already includes Ethan Slater and Lilli Cooper. Co-conceived and directed by Tina Landau, with a book by Kyle Jarrow and music supervision by Tom Kitt, the production is scheduled to make its world premiere on June 7 at Broadway in Chicago’s Oriental Theatre.We are most definitely not making any comments about Mr. Krabs hanging out in Bikini Bottom. Oh no.Along with Slater as SpongeBob SquarePants and Cooper as Sandy Cheeks, the cast will also include Gavin Lee as Squidward, Nick Blaemire as Plankton, Danny Skinner as Patrick, Gaelen Gilliland, Juliane Godfrey, Curtis Holbrook, Stephanie Hsu, Jesse JP Johnson, L’ogan J’ones, Emmy Raver-Lampman, Mark Ledbetter, Kelvin Moon Loh, Lauralyn McClelland, Vasthy Mompoint, JC Schuster, Allysa Shorte, Jacob Smith, Abby C. Smith, Jason Michael Snow and Allan K. Washington.Stakes are higher than ever before as SpongeBob and all of Bikini Bottom face the total annihilation of their undersea world. Chaos erupts. Lives hang in the balance. And just when all hope seems lost, a most unexpected hero rises up and takes center stage. Get ready to dive to all-new depths of theatrical innovation at The SpongeBob Musical, where the power of optimism really can save the world!The SpongeBob Musical will feature original songs by Yolanda Adams, Steven Tyler and Joe Perry of Aerosmith, Sara Bareilles, Jonathan Coulton, Dirty Projectors, Alex Ebert of Edward Sharpe & The Magnetic Zeros, The Flaming Lips, John Legend, Lady Antebellum, Cyndi Lauper, Panic! At the Disco, Plain White T’s, They Might Be Giants and T.I., and a song by David Bowie with additional lyrics by Jonathan Coulton.The characters will be human and are not set to don puppet type outfits as seen in Times Square. “The DNA is the same but the form is so radically different, we’re not approaching it literally,” Landau told EW. “We’re not trying to take the cartoon and put it onstage. We’re trying to create a live theatrical event.” Show Closed This production ended its run on Sept. 16, 2018last_img read more

Pulis praises Rodgers and Gerrard

first_img Liverpool’s primary aim at the start of the season was to qualify for the Champions League but Pulis says the Reds’ impressive title bid has come as no surprise. “It’s not a surprise – not with [Daniel] Sturridge and [Luis] Suarez and the quality they have there,” Pulis said. “There’s been a lot investment in Liverpool, I think people forget that. “Kenny Dalglish spent good money bringing in the likes of Suarez and Jordan Henderson who have obviously really blossomed. “And then Brendan has come in and spent decent money as well. “The biggest bonus for Liverpool is not having any cup competitions or Europe to worry about so they can focus on the league week to week, that helps as well.” The Reds recorded 11 consecutive league victories from February to April before a 2-0 defeat at home to Chelsea last Sunday. Suarez and Sturridge have spearheaded Liverpool’s title bid with 53 goals between them but Pulis believes Steven Gerrard has been at the heart of the club’s success. “Gerrard has been absolutely outstanding,” Pulis said. “He’s led by example, he’s been a wonderful, wonderful player for England and for Liverpool. “And the forward line is exceptional, you only have to look at the two centre forwards and the number of goals they’ve scored between them to know they’ll be a threat.” Pulis added: “The two of them have formed a great partnership so it will be tough on Monday but it will great for the supporters to see top, top players like that as well.” Before taking over at Palace in November, Pulis spent seven years at Stoke where his teams were renowned for their commitment and defensive resilience. Pulis was quick to praise Rodgers for the job he has done at Anfield but says he has been particularly impressed with the way the former Swansea boss has imposed his own identity on the club. “He’s done a smashing job, a wonderful job,” Pulis said. “He’s put his identity on the football club which I always enjoy – I always like it when a manager goes in somewhere and you can see their identity. “Brendan served his apprenticeship at the lower levels which is nice to see and he’s a British manager as well which is a bonus.” Palace’s surge up the Premier League table since Pulis took over has been based on teamwork and a mean defence that has kept 12 clean sheets under his stewardship. Rodgers made reference to the Eagles’ tactics at Anfield last weekend, suggesting Chelsea’s defensive display would be ideal preparation for Palace’s “long balls forward” and “long throw-ins”. Pulis believes his team’s attacking threat has been undervalued and insists he will be making no changes to his side’s style of play for the match on Monday. “We’ll the play the way we play and do what we’ve always done – it’s been very successful with the group we’ve got,” he said. “We’re very, very pleased the way the players have been playing over the past three or four months and I don’t see any reason to change it.” Press Association Crystal Palace manager Tony Pulis insists he is not surprised by Liverpool’s title challenge given the amount of money the Reds have spent and the number of games they have played this season. Palace have achieved their objective of Barclays Premier League survival already but can derail Liverpool’s title bid by avoiding defeat at Selhurst Park on Monday. Brendan Rodgers’ side are currently top of the table, three points ahead of Manchester City, who have a superior goal difference and have played a game less. last_img read more

Serena Secures Straight-sets Win in 67mins to Reach 3rd Round

first_imgFRENCH OPEN Osaka survives Azarenka scareSerena Williams cruising into the third round of the French Open yesterday with a 6-3, 6-1 defeat of Japan’s Kurumi Nara. Serena William is having easy run at the ongoing 2019 French Open at Roland Garros Shortly after, the American tennis star opened up on a moment when she reached out to comfort a player 20 years her junior.Amanda Anisimova, the 17-year-old American who joined Williams in the third round by upsetting No 11 seed Arnya Sabalenka, said after her match: “She’s a huge inspiration to me and I really look up to her.“When I had a tough loss at Miami Open – it was a really long match and I was super upset in the locker room – Serena actually came up to me and we shared a little bit of a chat. That was really nice of her, and I’ll remember it forever.”Alao yesterday, world number one Naomi Osaka survived another early scare to reach the third round of the French Open.Japan’s Osaka, 21, overcame a poor start to beat two-time Grand Slam champion Victoria Azarenka 4-6 7-5 6-3.Osaka is chasing her third successive Grand Slam title having won the 2018 US Open and the Australian Open earlier this year.She will play the Czech Republic’s Katerina Siniakova in the next round after she beat Greece’s Maria Sakkari.“I was lucky enough to play her (Azarenka) twice before this and I knew she was playing really well,” said Osaka.“It was unfortunate that this was a second-round match but I am happy I won.”Asked if she is as calm on the inside as she looks on court, she added: “No. I choked on this side (at 5-1) and almost choked on the other side (at 5-3). I am very emotional.”Osaka struggled in the early stages against world number 43 Azarenka, of Belarus, just as she did in the first round against Anna Karolina Schmiedlova when she failed to register a game.She hit 15 unforced errors in the opening set on Lenglen court as Azarenka, 29, dominated to go 5-1 up.From there, Osaka – who reached the third round at Roland Garros 12 months ago – started to find her rhythm, breaking Azarenka’s serve to move within one game of her opponent but Azarenka coolly served out the first set.The second set proved a much closer affair, taking until the fifth game for a serve to be broken as Azarenka went 3-2 up. That came after Osaka had scuppered three break points in the fourth game.Azarenka went on to go 4-2 up but Osaka was able to claw the set back, taking it 7-5 on her fourth set point.Former world number one Azarenka took an 11-minute break before the deciding set commenced, but it proved little help as Osaka raced into a 5-1 lead, her performance a far cry from that of the first set.Azarenka mounted her own comeback, winning the next two games, but Osaka was able to capitalise on her second match point to seal victory.In the men’s category, World number one Novak Djokovic claimed a routine win over ‘lucky loser’ Henri Laaksonen to move into the third round of the French Open at Roland Garros.Djokovic who won the 2016 competition, secured a 6-1 6-4 6-3 victory on Court Suzanne Lenglen in Paris.He is aiming for his second Grand Slam title of 2019 after winning the Australian Open in January.All of the top 10 seeded players in the men’s singles are into the third round after wins for six of them on Thursday.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Why the Giants asked a Gold Glove-caliber defender to switch positions

first_imgSAN FRANCISCO–Three Giants infielders have won Gold Gloves, but the one starter who hasn’t isn’t exactly a defensive liability.First baseman Brandon Belt is considered one of the game’s top defenders at the position and even though he missed 50 games due to injury last year, Belt ranked second among all major league first baseman with 13 defensive runs saved in 2018.Evan Longoria, Brandon Crawford and Joe Panik all have hardware on their shelves to celebrate elite defensive seasons, and while …last_img read more

Pan South African Language Board

first_imgThe Pan South African Language Board promotes multilingualism in South Africa by fostering the development of all 11 official languages, while encouraging the use of the many other languages spoken in the country.PanSALB is mandated by law to investigate complaints about language rights violations from any individual, organisation or institution.PanSALB conducts hearings at which complainants and respondents are present, and depending on its findings may recommend steps to be taken by the department or institution concerned.In May 2004, PanSALB launched a campaign to raise the public’s awareness of their right to be served in their own language at government institutions.Speaking at the launch of the campaign in Pretoria, PanSALB chief executive Cynthia Marivate said the public should complain to PanSALB if public servants refused to serve them in their language.“This is not only limited to written information”, Marivate said. “Even verbal information should be communicated through the language citizens best understand.”She said it was the responsibility of government to get interpreters of all official languages at its key delivery service points.Language policy and lawPanSALB worked closely with the Department of Arts and Culture on its national policy for language use in government in higher education, launched in 2003, as well as on the South African Languages Bill and a number of initiatives to ensure that South Africa has the human resources needed to implement the Bill when it becomes law.These initiatives, announced in March 2004, include a government bursary scheme for postgraduate studies in language, interpreting and translation, and the setting up of language research and development centres to focus on nine of SA’s 11 indigenous languages: seSotho sa Lebowa, seSotho, seTswana, siSwati, Tshivenda, Xitsonga, isiNdebele, isiXhosa and isiZulu.Lexicography and terminology developmentAnother of PanSALB’s focus areas is that of lexicography and terminology development.Nine National Lexicography Units were registered in 2001, their task being to compile monolingual explanatory dictionaries and other products to help with language development.The Afrikaans, English, isiZulu, and isiXhosa units have published a number of volumes of their monolingual dictionaries.The Tshivenda Lexicography Unit, based at the University of Venda, launched the world’s first Tshivenda dictionary in July 2004, and said it expected to publish the final draft in 2006 or 2007.The lexicography units are based at tertiary institutions throughout South Africa. Each unit is managed by a board of directors and registered as a Section 21 (not-for-profit) company, which allows the unit autonomy to raise funds to carry on its work.Electronic translationPanSALB has also established an electronic translation programme in conjunction with Afrilingo, a company that has translated English computer programmes into isiZulu, isiXhosa, seTswana, Sesotho and Afrikaans.Afrilingo marketing and programme developer Thami Olivier said in May 2004 that the programme had been introduced at the Motheo and Mangaung district municipalities in the Free State, and that Afrilingo was working on translations into the five other South African languages.“By typing a word, you will get its translation in your preferred language, and when you click the volume icon box you will hear how it is pronounced”, Olivier said.“Our aim is to break down language barriers”, he said, adding that copies of the programme had been distributed to South Africa’s embassies in the United States.“This helps tourists to know the basics of language before they arrive in South Africa.”Khoi and San National Language BodyThis body was established in 1999 to promote and develop the Khoi and San languages. The body has been conducting surveys in communities where the Khoi and San languages are spoken, in order to record and standardise terminology.The Khoi and San languages were spoken by the earlier inhabitants of the southern part of Africa.Commission for the Promotion and Protection of Cultural, Religious and Linguistic CommunitiesThe commission’s main purpose is to promote respect for the rights and interests of South Africa’s various cultural, religious and linguistic communities.The 17-member commission has the power to:Monitor, investigate, research, educate, lobby, advise and report on any issue concerning the rights of cultural, religious and linguistic communities.Facilitate the resolution of conflicts or friction between any such community and an organ of state.Receive and deal with complaints and requests by cultural, religious or linguistic communities.Convene a yearly national conference of delegates from the various religious, cultural and linguistic communities and governmental and non-governmental role players.Source: SouthAfrica.infolast_img read more

“Northern pike!”

first_imgShare Facebook Twitter Google + LinkedIn Pinterest “Northern pike!”I opened up my eyes to my six-year-old’s gruff voice with his face about an inch away from mine on the first morning of a recent trip to my family’s cabin on a lake in southern Michigan. I looked across the room to the clock: 6:40 a.m.He had been up until nearly midnight the previous evening and I figured my son would sleep in for a while as result. Not the case. By the time I had poured a cup of coffee he had his fishing pole in hand and was headed to the dock.Leading up to the trip, we had talked about the various fish species we could possibly catch in the lake, but the one of most interest was clearly the northern pike. We spent several days researching the fish online to see what baits could work best, the preferred habitats and its habits.Since my childhood, my brothers and I have shared a similar affinity for the allure of the elusive “fish of a thousands casts.” Each morning around 7 a.m. or so, there is surface water movement near the dock of the cabin in the adjacent shallows that indicates something very large is looming just below. We have long assumed that it had to be a pike and have had many broken fishing lines — but no actual fish — to ever show for it. Even after decades of trying, my brothers, father and I have never caught a northern pike on that lake. Inevitably, legendary fish tales have evolved through years about the supposed near misses we have had with this monstrous beast of the lake that remained just beyond the reach of our fishing nets.It was a crisp morning and a thin mist rose up from the warm, still waters through the slanted rays of the eastern sun. Between my son and I, we had three poles in the water. We were focused on the task at hand when, almost on cue at 7 a.m., there was a violent splash to the left of the dock, over near the lilies growing in the shallows. We missed the surfacing of the beast but clearly saw the wake that remained.My son’s eyebrows raised: “Northern pike?”Indeed.We fished on that morning and over the course of the next couple of days. We caught a score of bluegill, a couple catfish, a few rock bass and a large-mouth or two. As expected, no pike.Later in the week a friend of mine brought his bass boat and two teenage sons with him for a couple days of fishing. My son and I loaded in the boat with them and cruised over to a neighboring attached lake. The fishing was fairly slow, though we did catch a beautiful red-ear sunfish. My son was quickly losing interest in fishing for the day, and for the week. He was more enamored with the bass boat and the new tackle box full of lures it held. He was also quite fond of the bag of pretzels we’d brought along.We dropped anchor over a narrow strip of shallow water with heavy weed growth. Our fishing hadn’t improved much. We reeled in the lines, all but one with a pink lure that was left dangling over the side of the boat. My friend’s son jigged the line a couple of times when a violent commotion stirred the weeds below. Something hit the line HARD. There was a flash of a tail under water. Bass? Maybe…no. Not a bass.After what seemed to be an eternity, the catch was netted. It was not trophy sized, by any means, but was definitely worthy of a quick few photos on my phone and a flurry of social media torment to my father and brothers who were not present. After flailing his torpedo-like body around in the net, the fish grew still and glared at us from his new, foreign surroundings.My son looked at me with a question in his eyes.“Wow,” I nodded and smiled in somber reverence. “Northern pike.”last_img read more

The Antidote to Hope is Action

first_imgHope. The very word suggests that one believes what they want is out of their control. Something unavailable to them without divine intervention. It suggests passivity and waiting. Hope and waiting are the twin diseases of the disempowered, those who believe they lack agency.Of all the strategies one might choose to produce better results, hope should not be one of them, least of all the reliance on a luck, or chance, or circumstances to unfold in a way that is favorable to you. Any strategy that requires that one do nothing but wish for what they want is to believe that reality in some way resembles a fairy tale.The antidote for the infection or the disease called hope is massive action. Hope indicates that you know what you want, and that is an excellent place to start – something many people haven’t yet figured out. Hope suggests that you have a goal of some sort, some sort of future state that finds you in a better position than the one in which you find yourself now. In the long history of success, hope’s role has been to disappoint those who rely on it for help.If there is something that you want, it is certain someone already has it. And because someone already has what you want, the strategies, tactics, and actions necessary to create it are well-known (and with equal certainty, books and courses are available to you). To hope is to ignore the strategies and tactics, and refuse to take the actions necessary to bring what you want in life. The energy you expel hoping, and being disappointed, is better spent doing what is necessary to have whatever it is you want.Good things don’t happen to you. They happen because of you. If you want to increase the chances that Fortune occasionally smiles on you, let her see you working like you don’t need her help. Get the Free eBook! Learn how to sell without a sales manager. Download my free eBook! You need to make sales. You need help now. We’ve got you covered. This eBook will help you Seize Your Sales Destiny, with or without a manager. Download Nowlast_img read more