Engaging the American Homefront

Engaging the American Homefront Servicers Navigate the Post-Pandemic World 2 days ago Share Save Previous: The State of Refinance at Fannie and Freddie Next: Carrington Adds New Member to its Correspondent Lending Team Demand Propels Home Prices Upward 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post About Author: Donna Joseph Subscribe Home / Daily Dose / Engaging the American Homefront Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago <span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span> The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily This video spotlight looks back at The 2018 Five Star Conference and Expo—an integral source of information, collaboration, and progression for the housing and mortgage industry. Heading into 2019, The Five Star Institute (FSI) looks forward to serving professionals across the mortgage servicing industry with more opportunities to expand their network and enhance their expertise.FSI also thanks all its numerous sponsors, exhibitors, companies, and professionals who participated in 2018 Five Star Conference and Expo and recognizes the active engagement of an entire industry that makes the Five Star possible. 2019 will be the Year of the Deal for 2019 as FSI ups its ante to maximize client connections and ROIs across specialized events, more exhibits, new academics with industry authorities, and much more.Aimed at celebrating industry achievements, honoring national heroes, and uniting an industry through the convergence of thousands to engage the American homefront, The 2019 Five Star Conference and Expo will be held between September 23-25, 2019 at Hyatt Regency in Dallas, Texas. Click through to learn more. February 15, 2019 3,390 Views The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 2019 Five Star Conference and Expo 2019-02-15 Donna Joseph in Daily Dose, Featured, Media Tagged with: 2019 Five Star Conference and Expo read more

Credit Invisibility: A Barrier to Homeownership

first_img The Best Markets For Residential Property Investors 2 days ago Credit Invisibility: A Barrier to Homeownership 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. The Week Ahead: Nearing the Forbearance Exit 2 days ago March 4, 2021 927 Views Previous: Winter Storms Contribute to Dearth of Housing Inventory Next: ‘Right to Housing’ Motion Prioritizes Ending Homelessness in Daily Dose, Featured, Market Studies, News  Print This Post Home / Daily Dose / Credit Invisibility: A Barrier to Homeownership Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Related Articles Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago It is well established that there exists a direct relationship between credit security—that is, having a strong credit history and structural access to offers of credit—and higher rates of homeownership, however, a Zillow study found that about one in 10 American adults are “credit invisible,” meaning they have zero credit history and that the share of credit invisibility is disproportionately higher for those who are Black or Latinx.According to Zillow, poor or nonexistent credit history is the most-common reason mortgage applications are denied to Black applicants.”Lower homeownership is just one of many negative results borne out of poor credit health in communities nationwide,” said Nicole Bachaud, an economic data analyst at Zillow. “For many, walking into a bank or going online to apply for a loan or open a new credit card is simple. But for those excluded from the formal credit market in this country, it is a far more daunting task, and Black and Latinx households are especially vulnerable. A shift in credit reporting might be a first step to reducing the systemic barriers into homeownership and the financial market overall.”The Zillow report comes around the same time as another report from the Urban Institute, whose researchers recently pointed out that credit data used to approve or deny potential borrowers “cannot capture the experiences of about one in 10 U.S. adults who do not have a credit file, a disproportionate amount of whom are people of color,” adding that “although credit health appears to have improved for all groups during the pandemic, racial gaps have not narrowed.”The Biden administration has proposed restructuring the current credit system to accept non-traditional credit barometers such as rental payment records and utility bills as an alternative path to establishing a credit history.”The goal of such a restructuring would be to bring many credit invisible individuals into the system they are currently locked out of,” Zillow reported.Not only are Black and Latinx individuals more prone to being credit invisible, but they are also more highly concentrated in counties with higher credit insecurity, the researchers added.Specifically, some one in 10 Black households (9.7%) and 7.9% of Latinx households reportedly live in counties considered credit insecure, compared to 2.7% of White households and 3.5% of Asian households.The full report is available on Zillow.com. The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Christina Hughes Babb Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 2021-03-04 Christina Hughes Babb Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

Dad of missing pregnant postal worker: ‘I just want my baby to come home’

first_imgWLS-TV(CHICAGO) — The father of a pregnant Chicago postal service worker who vanished nine months ago believes his daughter is alive and is pleading for the public to help. “I just want my baby to come home, along with my grandbaby that I never got to meet,” Joseph Coles said at a news conference on Monday.Coles’ daughter, Kierra Coles, a 26-year-old employee of the U.S. Postal Service, vanished on Oct. 2, 2018. She was about three months pregnant at the time. Chicago police said in October that they suspected possible foul play.Joseph Coles on Monday suggested his daughter may be being held captive in a vacant home. But he said the police are out of leads. “Somebody knows something,” he said. “If you’ve got any information, please come forward. I’m the father and I will not be going anywhere no time soon.” “I will continue to keep looking,” Joseph Coles said. “I will keep pushing this information until she is brought home safely to me.”Chicago police said Tuesday that no one is in custody in the Kierra Coles case, calling it an active investigation. Joseph Coles said he also wanted to draw attention to the others currently missing in Chicago. “We need to bring them home to their families safely,” he said. He encouraged anyone with a missing loved one who needs help securing resources to contact him. Among the other speakers Monday was Norma Peterson, sister-in-law of Stacy Peterson, who vanished in Bolingbrook, Illinois, nearly 12 years ago. “We still search for her every day,” Norma Peterson said. “We just want them home,” she said, her voice shaking.Copyright © 2019, ABC Radio. All rights reserved.last_img read more

Out-of-state multifamily buyers eye South Florida

first_img Tags Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink 1031 exchangesHollywoodMiami BeachMultifamily MarketYtech Parc StationWhen JLL’s Maurice Habif brought a 336-unit Hollywood apartment complex to market just before Labor Day, he noticed more than the regular crop of institutional investors active in South Florida paying attention.Habif saw unfamiliar private investors, family offices from outside Florida, even a group financed by 1031 exchange deferred capital gains money.The Parc Station complex, a garden-style apartment community at 2301 North 29th Avenue, eventually sold to Atlanta-based Cortland Partners for $91.7 million, marking the private investor’s third deal in the past 18 months. But the increased interest in the region from a newer crop of investors helped drive up bids.That appetite for Florida multifamily assets has brokers anticipating a deluge of deals in 2021. Multifamily investors, sensing that bargains were at hand, rushed into the market, while landlords, hoping that rent collections would stabilize, held onto assets, South Florida brokers said. ADVERTISEMENTThe gridlock resulted in a slowdown by some measures. Market-rate multifamily sales above $25 million in Palm Beach, Broward and Miami-Dade counties dropped from 39 sales in 2019 to 31 sales in 2020, said Hampton Beebe, a vice chairman out of Newmark’s Boca Raton office.Yet a flurry of deals at the end of the year were a promising sign of what’s to come. Dollar volume of $20 million-plus sales in South Florida was $2.8 billion in 2020, up 17 percent year-over-year from $2.4 billion, according to JLL.And despite a spike in unemployment — Miami Beach-Kendall metropolitan area’s unemployment rate rose to 7 percent in December 2020 from 1.5 percent in January 2020, according to the U.S. Bureau of Labor Statistics — landlords did not see rents drop. Apartment rents for the Miami metropolitan area stayed flat year-over-year — a 0.2 percent growth from December 2019 to December 2020, according to Yardi.Meanwhile, the buyer pool in South Florida’s multifamily market could be changing. Real estate investment trusts accounted for just 3.2 percent of multifamily deals in 2020 compared to 12.8 percent the year prior, according to Brandon Isner, a Miami-based researcher at CBRE. Private buyers’ share of apartment investment sales fell to 45.2 percent last year from 47.5 percent in 2019, Isner said. And institutional investors took on a far bigger share of deals, accounting for 46.3 percent of transactions in 2020 compared to 32 percent in 2019.Those changes were in contrast to nationwide trends. Across the U.S., private capital accounted for 66.6 percent of 2020 deals compared to 64.9 percent in 2019, while institutional capital’s share rose to 24.6 percent in 2020, up from 22 percent in 2019. South Florida multifamily cap rates remained unchanged last year, despite Covid-19, with rates at about 4.5 percent in the summer of 2020, similar to cap rates in the second half of 2019, CBRE data show.Those rates put South Florida in line with such places as Los Angeles, Atlanta and Chicago. South Florida multifamily cap rates were below the 5.8 percent rate of New York City and the 5.3 percent high of Orlando and Philadelphia, according to CBRE.More interest in South Florida means cap rates will compress further. Beebe said his team is already seeing that in the first quarter of this year.Private and institutional investors that bet on bigger assets are looking to hold them for up to 10 years, and South Florida’s rebound after the Great Recession has been a selling point.“Miami is always underestimated for recovery,” Beebe said. Collections for South Florida Class A multifamily assets are above 95 percent, with Miami-Dade lagging Broward — and Broward lagging Palm Beach County. Class B and C assets are still above 90 percent, according to Cushman & Wakefield data.The region’s perceived stability is why Yamal Yidios’ Miami-based real estate company, Ytech, didn’t accept lesser offers for Ocean House, a 186-unit garden-style multifamily property at 7780-7810 Tatum Waterway Drive in Miami Beach’s North Beach area. Ytech listed the property for $50 million in the summer, and Yidios is content to hold out for that price. “When the timing is right, we will sell Ocean House,” he said.In December, Ytech sold a 491-unit multifamily complex in Miami Gardens to private investor Greenstone Property Group for $78 million. Ytech bought the property for $14.4 million in 2012.Sellers and their brokers say out-of-state buyers are clearly showing more interest. Yidios said that among the 460 confidentiality agreements he received for Ocean House in Miami Beach, 35 percent came from the New York or Los Angeles area.Joseph Thomas and his team at Marcus & Millichap usually work with properties between 10 and 200 units that don’t typically capture institutional interest. The more stabilized properties see cap rates of 5 percent or higher, he said.Although market conditions such as Covid-19 can push landlords to sell, personal circumstances are usually the catalyst, Thomas said. Maybe a landlord is ready for retirement. Maybe his or her family doesn’t want to take over the business. Maybe a loan is coming due.In South Florida, 210 properties of between eight and 100 units sold in 2020, down 19 percent from 258 deals in 2019, Thomas said.At the same time, he said that out-of-state inquiries doubled from 2019 — 25 percent of 2019 inquiries came from out of state compared to half of 2020’s. Other states’ shutdowns, high state and local taxes, and rent controls have driven up demand in Florida and other low-tax states. “March and April were relatively slow and scary,” Thomas said. “Then investors started to re-emerge. Collections came in better than originally anticipated. Business started to pick up in May, and we’ve never looked back.” Share via Shortlinklast_img read more

Plankton functional types in a new generation of biogeochemical models. Integration of plankton abundance data for the evaluation of marine biogeochemical models, Cambridge, UK, October 2008. (Meeting report)

first_imgIt has long been recognized that biological activity has a large influence on biogeochemical cycles in the ocean. However, the recognition that the ecosystem composition may also be significant is more recent. The newest generation of biogeochemical models used to study climate-ocean interactions represents the diversity of planktonic ecosystems by grouping similar species into “plankton functional types” (PFTs). These models can thus include specific biogeochemical processes mediated by distinct PFTs, such as the ballasting effect of mineral shells, the aggregation effect of some organic material, and the packaging effect of grazing by large zooplankton.last_img read more

Marine ice formation in a suture zone on the Larsen C Ice Shelf and its influence on ice shelf dynamics

first_imgAntarctic ice shelves are fed primarily by the glaciers flowing into them. Downstream of promontories separating these glaciers, supercooled water can rise and freeze into suture zones, leading to the accretion of marine ice. Marine ice bodies have been found in several Antarctic ice shelves, but little is known about their detailed geometry, rate of accretion, or influence on ice dynamics. In this study, we investigate marine ice in a suture zone downstream of the Joerg Peninsula in the southern part of the Larsen C Ice Shelf, Antarctic Peninsula. We present ground penetrating radar data from which we infer the base of the meteoric ice and, in combination with GPS data and assuming hydrostatic equilibrium, estimate marine ice thickness within a suture zone. We show that the Joerg Peninsula suture zone contains marine ice layer, which is increasing in thickness along flow from ~140 m to 180 m over 20 km, implying an average basal accretion rate of ~0.5 m a−1 in our study area. We examined the impact of this inferred marine ice on ice shelf dynamics by modeling the suture zone within an ice flow model. The results, which replicate observed surface velocities and strain rates, show that the warmer and thus softer ice of the suture zone serves to channel shear deformation. This enables decoupling of neighboring flow units with different flow velocities, while maintaining the structural integrity of the ice shelf.last_img read more

Republic of Korea Navy receives second LST-II landing ship

first_img August 1, 2017 The Republic of Korea Navy received its new landing ship on August 1, according to an announcement from the country’s arms procurement agency DAPA.The Hyundai Heavy Industries-built ship is named ‘Cheon Ja Bong’ and is the second of overall four LST ships to be delivered to the Republic of Korea Navy.Cheon Wang Bong, the lead ship in the class, was delivered in 2014. The new class of ships, also referred to as LST-II ships, will complement the country’s existing Go Jun Bong-class (LST-I) ships.According to DAPA, the new LST-II ships displace 4,500 tons and travel at speeds of up to 23 knots. They are capable of carrying 300 landing troops, three landing craft, two tanks and eight amphibious assault vehicles. The agency added that the ship is capable of operating two helicopters.Cheon Ja Bong started construction in 2013 and was delivered to the navy after completing sea trials. It will now be boarded by its future crew which will prepare to operate the ship once it is commissioned at the end of the year. View post tag: DAPA Authorities Back to overview,Home naval-today Republic of Korea Navy receives second LST-II landing ship ‘Cheon Ja Bong’ View post tag: HHIcenter_img View post tag: ROK Navy View post tag: ROKS Cheon Ja Bong Republic of Korea Navy receives second LST-II landing ship ‘Cheon Ja Bong’ Share this articlelast_img read more

John Mayer Is Attending Phish’s Halloween Show Tonight In Las Vegas

first_imgPhish is wrapping up their four-night run at the MGM Grand Garden Arena tonight in Las Vegas. The highly anticipated Halloween show will include three sets, a bevy of surprises, and at least one unexpected member of the audience. John Mayer posted an Instagram saying that he will be attending Phish tonight and Kanye West tomorrow. Of course, it’s not completely random – with guitarists Trey Anastasio and Mayer sharing similar roles in the Grateful Dead world.But he did make this graphic, depicting the words of “You Enjoy Myself” in the same style as Kanye’s tour t-shirt for Saint Pablo. The creative combination is telling of the pop-gone-jam star’s 2016 interests, and only further thickens the plot for what’s in store this evening. Over the years, Phish has performed albums such as The Beatles‘ White Album, Talking Heads‘ Remain in Light, as well as 2014’s performance of Disney’s Chilling, Thrilling Sounds of the Haunted House. What do you think Phish will do tonight for their annual Halloween stunt?last_img read more

Eric Clapton Kicks Off Final Tour At MSG With Gary Clark Jr. & Jimmie Vaughan [Videos]

first_imgEdit this setlist | More Eric Clapton setlists[cover photo via @eric_clapton_italia] Eric Clapton will play 11 shows in 2017, including two nights at Madison Square Garden in NYC and two nights at The Forum in Los Angeles this month, and again in September due to popular demand. He will also play three shows at London’s Royal Albert Hall in May. Last night opened the book to what is perhaps Clapton’s final chapter in live concerts, as he’s expressed in the past. The tour’s live band includes keyboardists Walt Richmond and Chris Stainton, drummer Steve Gadd, bassist Nathan East and vocalists Sharon White and Michelle John, with Gary Clark Jr. and Jimmie Vaughan as special guests.When announced, these shows were somewhat of a surprise after Slowhand had expressed his retirement in the program for his run of blow-out 70th birthday shows, with Derek Trucks, John Mayer, and more in 2015. “I swear this is it, no more,” he wrote. “I know I’ve been threatening retirement for the last 50 years, but I didn’t think I’d ever really want to stop. I love what I do and always have done, but over the last few decades I’ve found what I was always really looking for, a loving family who love me just the way I am, which means I can relax and rest when I need to, and more and more I treasure the beauty of that.”With all this, Clapton stepped forward and delivered one of his final rock concerts last night at Madison Square Garden. Fans in New York were lucky to see the 71-year-old legend perform a special mix of originals and covers, from “Badge” by Cream, to “I Shot the Sheriff” by The Wailers to songs by Robert Johnson and J.J. Cale, switching between electric and acoustic guitars throughout the night. Iconic originals like “Tears in Heaven,” “Layla,” “Wonderful Tonight,” and “Sunshine of Your Love” all found there way to the spotlight, as Clapton delivered a career-spanning setlist on the first night of his final tour.The show goes on tonight, then heads to the West Coast on March 25 & 26. Clapton will return to NYC on September 7 & 8. For more information on upcoming shows, head to Clapton’s website.Thanks to YouTube user SGibson818, you can watch the entire concert below:Key To The Highway, Charles SegarBadge, CreamI’m Your Hoochie Coochie Man, Willie DixonI Shot The Sheriff, The WailersDriftin’ Blues, Johnny Moore’s Three BlazersNobody Knows When You’re Down & Out, Jimmy CoxTears In HeavenLayla, Derek & The DominoesSomebody’s Knocking, J.J. CaleWonderful TonightCrossroads, Robert JohnsonLittle Queen of Spades, Robert JohnsonCocaine, J. J. CaleSunshine Of Your Love, CreamBefore You Accuse Me feat. Gary Clark Jr. & Jimmy Vaughn, Bo Diddleylast_img read more

The Lonely Island Releases ‘The Unauthorized Bash Brothers Experience’ Netflix Special & Companion Album

first_imgOn Thursday, The Lonely Island, the musical comedy trio comprised of Andy Samberg, Jorma Taccone, and Akiva Schaffer, released their new The Unauthorized Bash Brothers Experience Netflix special and album. The 27-minute “visual poem” creates a hilarious scenario in 1988 where baseball home run sluggers Jose Canseco and Mark McGwire, commonly referred to as the Bash Brothers, record a rap album, and includes special guests HAIM, Sia, Maya Rudolph, Jenny Slate, and more.The special stars Andy Samberg as Canseco and Akiva Schaffer as McGwire, which was directed by Schaffer and Mike Diva. The Unauthorized Bash Brothers Experience was conceived in honor of the 30th anniversary of the Oakland Athletics‘ 1989 championship season. Following retirement, Canseco and McGwire both admitted to taking performance-enhancing drugs throughout their careers, adding an additional element of comedy for Samberg and Schaffer to toy around with. The film is now streaming on Netflix.Fans can stream the companion soundtrack, which is available on all major streaming platforms, as well as watch videos of “Uniform On” and “Oakland Nights” below:The Lonely Island – The Unauthorized Bash Brothers ExperienceThe Lonely Island – “Uniform On”[Video: thelonelyisland]The Lonely Island ft. Sia – “Oakland Nights”[Video: thelonelyisland]The Lonely Island is heading out on their first-ever tour of the east coast and midwest this summer. Following a festival appearance at Bonnaroo on June 15th, the trio will make their way to Washington, D.C.’s The Anthem on June 18th and Philadelphia, PA’s newly renovated and reopened The Met on June 19th. From there, The Lonely Island will make an as-yet unspecified stop in Manhattan on June 21st followed by a performance at Brooklyn’s Kings Theatre on June 22nd. The tour will close out with performances in Boston, MA (6/24); Detroit, MI (6/26); and Minneapolis, MN (6/29).Head to The Lonely Island’s website for more information.last_img read more