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Foreclosure Completions, Starts on GSE Loans Continue Steady Decline

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago December 23, 2014 858 Views Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Fannie Mae FHFA foreclosure completions Foreclosure Starts Freddie Mac 2014-12-23 Brian Honea Both foreclosure completions and foreclosure starts on Fannie Mae and Freddie Mac loans continued their steady decline in the third quarter, according to the Federal Housing Finance Agency (FHFA)’s Q3 Foreclosure Prevention Report released Monday.The GSEs completed 39,100 foreclosures in Q3, down 9 percent from the 43,000 that were completed in Q2, according to the report. This number hit its peak in Q3 2010 with 138,000 and took a while to begin it steady decline, but it has decreased quarter-over-quarter every quarter since Q3 2012.Foreclosure starts declined from 86,000 in Q2 to 75,000 in Q3, a drop of 13 percent, according to the report. With only a few exceptions (Q4 2011, Q3 2012, and Q1 2013), foreclosure starts have declined quarter-over-quarter in every quarter since hitting their peak of 339,000 in Q3 2010.The number of foreclosure prevention actions for Q3, 72,700, was more than double the number of foreclosures completed, according to the report. About 59,000 of these were home retention actions, most of which (45,700) came in the form of permanent loan modifications. There were nearly 11,000 repayment plans and about 2,800 forbearance plans to keep borrowers in their homes in Q3, according to FHFA.The number of home retention actions, 59,000, was about four and a half times the total of home forfeiture actions (12,878) for the third quarter, according to the report. Home forfeiture actions during the quarter consisted of short sales, which are sales for less than the outstanding balance of a mortgage (9,200) and deeds-in-lieu of foreclosure (3,600).Home retention actions are way down from last year’s pace, however. Nearly 342,000 home retention actions were completed for GSE loans in all of 2013; for the first nine months of 2014, only 199,000 home retention actions were reported. Home forfeiture actions are on the decline as well – nearly 106,000 such actions were reported for all of 2013, compared to just 42,300 for the first nine months of 2014.The total of GSE-backed 60-day delinquent loans in Q3 was at its lowest level since the conservatorships began in September 2008, according to the report. About 666,000 such delinquent loans were reported for Q3, and the number has steadily declined every quarter since hitting a peak of 1.77 million in Q4 2009. The number of 60-day delinquent loans totaled 926,000 in Q4 2008, the first full quarter after the conservatorships began, according to the report. Share Save 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. in Daily Dose, Featured, Foreclosure, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Foreclosure Completions, Starts on GSE Loans Continue Steady Decline The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Colorado AG Files Civil Suits Against Two Law Firms For Foreclosure Fraud Next: FHFA Vows to Protect First-Lien Status of GSE-Backed Mortgages Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Tagged with: Fannie Mae FHFA foreclosure completions Foreclosure Starts Freddie Mac Foreclosure Completions, Starts on GSE Loans Continue Steady Decline Subscribelast_img read more

HHI launches final Korean Navy LST-2 tank landing ship

first_img South Korean shipbuilder Hyundai Heavy Industries launched the fourth and final Republic of Korea Navy LST-2 tank landing ship on November 2.The 4,500-ton ship was launched at HHI’s Ulsan shipyard with pennant number 689.According to an announcement from the Republic of South Korea Navy, the vessel is named Nojeokbong and will be delivered to the navy in November 2018.The 127-meter vessel is expected to be commissioned into the navy in 2019.Cheon Wang Bong, the lead ship in the class, was delivered in 2014. The new class of ships will complement the country’s existing Go Jun Bong-class (LST-I) ships.The new ships can travel at speeds of up to 23 knots and can carrying 300 landing troops, three landing craft, two tanks and eight amphibious assault vehicles. The ships are also capable of operating two helicopters.The Korean Navy has so far commissioned two ships in the class, one in 2014 and one in August 2017. Authorities View post tag: HHI November 3, 2017 HHI launches final Korean Navy LST-2 tank landing ship View post tag: ROK Navy View post tag: LST Back to overview,Home naval-today HHI launches final Korean Navy LST-2 tank landing ship Share this articlelast_img read more

USI Dental Hygiene Clinic To Offer Free Dental Cleanings For Veterans

first_imgThe University of Southern Indiana Dental Hygiene Clinic will provide free dental cleaning, fluoride and X-rays for military veterans from Monday, February 24 through Friday, February 28. Appointments are now being scheduled for this free clinic.“Over the course of the last academic year, USI students were able to serve 330 area veterans,” said Joel Matherly, assistant director of USI’s Veteran, Military & Family Resource Center. “Oral health care is a tremendous need across the area, and we appreciate how the USI Dental Hygiene Clinic has responded specifically to the needs of local veterans.”The USI Dental Hygiene Program collaborates with USI’s Veteran, Military & Family Resource Center to offer special clinic hours for veterans. USI Dental Hygiene faculty will supervise the students who will be working in the clinic.Appointments are required and can be made by calling 812-464-1706. Proof of military affiliation and picture identification is required. Veterans will need to bring photo identification and proof of military affiliation to their appointment.The USI Dental Hygiene Clinic is located on the USI campus in the Health Professions Center Room 1040, 8600 University Boulevard, Evansville, Indiana 47712.The Dental Hygiene Program at the University of Southern Indiana is accredited by the Commission on Dental Accreditation of the American Dental Association, a specialized accrediting body recognized by the Council on Postsecondary Accreditation and by the United States Department of Education.FacebookTwitterCopy LinkEmailSharelast_img read more

James Miller, 68, Osgood

first_imgJames Miller, 68, of Osgood passed away Tuesday, April 3, 2018 at 1:35am at the Manderley Health Care Center in Osgood. He was born in Napoleon on July 31, 1949 the son of Floyd and Phyllis Stone Miller. He was married to Ruth Ann Beetz on October 26, 1973 and she survives. Other survivors include one son Jared (Carrie) Miller of Holton; two daughters Rita Miller of Batesville and Brenda (Toby) Lewis also of Batesville; three grandsons Noah Lewis, Tyler Miller, and Bradlee Lewis; one brother Mark Miller of Florida; six sisters Donna Turi of Florida, Diane Moody of Nevada, Mary Stith of Michigan, Anita Chavez of Tennessee, Pattie Miller of California, and Judy Balcewicz. He was preceded in death by his parents, and his brothers Danny and Larry Miller. Mr. Miller was a driver for Billman Trucking. He was also an excellent lawn mower mechanic and enjoyed wood working. Mass of Christian Burial will be on Friday, April 6th at 10am at St. Anthony of Padua Catholic Church in Morris. Burial will be in the church cemetery. Visitation will be on Thursday from 5pm to 8pm at the Stratton-Karsteter Funeral Home in Versailles with Rosary Services beginning at 7:30pm. Memorials may be given to the St. Anthony Cemetery in care of the funeral home.last_img read more