Bustin’ For Badges

first_img WhatsApp Pinterest By Odessa American – April 4, 2021 WhatsApp Local News Previous articleSpring cleanupNext articleLETTER TO THE EDITOR: Chris Stanley will help ECISD succeed Odessa American Bustin’ for Badges has scheduled the eighth annual Clay Shoot Fundraiser April 15-16 at Windwalker Farms Sporting Clays, 2551 County Road C2801, Stanton.This event benefits local law enforcement (Odessa Police Department, Midland PD, Ector County Sheriff’s Office and Midland CSO) and helps pay for much needed equipment.Raffle tickets are currently available for a Polaris Ranger 500 ($9,500 value), a Bergara Premier 6.5 Creedmoor Series Rifle ($1,650 value), and a Primo Oval LG 300 Ceramic Charcoal Grill ($1,160 value).The raffle tickets are $20 each or six tickets for $100.The raffle tickets can be purchased by dropping by the OPD front desk, 205 N. Grant Ave., during regular business hours or by calling 432-335-3322.To register or for more information, visit bustinforbadges.org or call 432-571-3462. Bustin’ For Badges Facebook Facebook Twitter Twitter Pinterestlast_img read more

10 Places Most Affected By Delinquencies

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago August 27, 2020 3,003 Views Demand Propels Home Prices Upward 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago A number of metros in seven states are under enhanced siege by a percolating number of FHA delinquencies, jeopardizing homeowners and neighborhoods, according the AEI.org.A cocktail of factors place them at pronounced risk. They include, a large FHA portfolio containing a high percentage of delinquent loans (>17%) or seriously delinquent loans (>10%); these percentages include loans in forbearance; and an FHA share of all purchase loans in 2019 >15%.There reportedly were 1,363,753 delinquent loans. Among FHA foreclosure rates for top 169 metro areas, the 10 most profoundly threatened by a mounting number of FHA delinquencies were Atlanta-Sandy Springs-Alpharetta, Georgia, leading the way with 52,865. Following were Houston-The Woodlands-Sugar Land, TX, 46.025; Riverside-San Bernardino-Ontario, CA, 22,788; Baltimore-Columbia-Towson, MD, 21,078; San Antonio-New Braunfels, TX, 16,764; Orlando-Kissimmee-Sanford, FL, 16,643; and Tampa-St. Petersburg-Clearwater, FL, 16,153.Over time, those delinquency percentages are expected to climb and, at some point, a significant chunk of the then delinquent loans, it’s also anticipated, would be placed on the market by owners facing distressed conditions or convert into foreclosures prior to hitting the market. Then, buyers’ markets would be expected to develop in zip codes particularly vulnerable to FHA and other high-risk lending mixed with high levels of delinquencies. Mostly low income; zips will be at about 50-90% of area median income) and contain high percentages of households of color will be among homeowners in these zip codesIn July, 17% of FHA’s approximately eight million loans were delinquent, the FHA Neighborhood Watch, which consists of loans in forbearance, reported. Furthermore, also during the month, 10.5% of FHA’s approximately eight million loans were seriously delinquent.In April, not only did the share of loans that became delinquent outpaced anything experienced during the Great Recession, it’s the highest rate on record in 21 years, according to CoreLogic’s data, as previously reported.During the month, 3.4% of mortgages went from current to 30 days past due–outpacing the 2% high recorded in late 2008.Despite the scale and suddenness of the pandemic, mortgage delinquency has yet to emerge as a major issue, thanks to government COVID-19 relief programs and other housing finance industry efforts, said Frank Martell, President and CEO of CoreLogic. “As the true impact of the economic shutdown during the second quarter of 2020 becomes clearer, we can expect to see a rise in delinquencies in the next 12-18 months—especially as forbearance periods under the CARES Act come to a close.” Share Save in Daily Dose, Featured, Foreclosure, News Tagged with: Delinquencies About Author: Chuck Green Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Subscribe The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / 10 Places Most Affected By Delinquencies Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Chuck Green has contributed to the Wall Street Journal, Washington Post, Los Angeles Times, San Francisco Chronicle, Chicago Tribune and others covering various industries, including real estate, business and banking, technology, and sports. Servicers Navigate the Post-Pandemic World 2 days ago 10 Places Most Affected By Delinquencies Delinquencies 2020-08-27 Christina Hughes Babb Previous: Fannie Mae Offers Assistance to Disaster-Impacted Servicers Next: Competition Heats Up Amid Diminishing Inventory Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more