COVID-19’s Impact on Homeowner Payment Ability

first_imgHome / Daily Dose / COVID-19’s Impact on Homeowner Payment Ability Governmental Measures Target Expanded Access to Affordable Housing 2 days ago COVID-19’s Impact on Homeowner Payment Ability Data Provider Black Knight to Acquire Top of Mind 2 days ago March 31, 2020 1,556 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Millions of homeowners and renters alike are at risk of losing their jobs in the wake of COVID-19, with around 13 million Americans reliant on wages from at-risk jobs, according to the Harvard Joint Center for Housing Studies (JCHS). JCHS notes that many of these households were more likely to be cost-burdened than those relying on income from other industries even before losing work.The JCHS’s research indicates that renter households are even more likely to be burdened with COVID-19 layoffs, as renter households relying on wages from at-risk jobs had a cost burden rate of 53% while 35% of renter households in other jobs were burdened.“The loss of service jobs would undoubtedly worsen affordability for households who already must spend an outsized portion of their incomes on rent each month,” Whitney Airgood-Obrycki, Research Associate, JCHS said.Forty percent of households (5.2 million) whose wages came exclusively from at-risk jobs were cost-burdened as compared to 22% of households (13.1 million) whose income came only from other jobs.While it is difficult to know what a COVID-19 recession will mean for housing markets, the ongoing affordability crisis will only worsen in coming months. Federal Housing Finance Administration Director Mark Calabria notes that mortgage rates and sales are expected to recover after the crisis, as it is now disrupting both the primary and secondary mortgage markets. Additionally, Calabria stated that the slowdown in economic activity will increase the number of homeowners who struggle to make their mortgage payments.However, recently, there have been low rates of serious delinquency.”In the secondary market, Agency MBS liquidity has decreased as investors pull back, especially REITs, money market funds, and some banks,” Calabria said. “Also, the Agency debt market has dislocated as a result of economic uncertainty, investor aversion to long-term debt, and a market-wide flight to cash.”The federal government announced a temporary moratorium on public housing evictions and foreclosures of mortgages backed by Fannie Mae, Freddie Mac, and the Federal Housing Administration. State and local governments are similarly implementing eviction protections for renters, though these delay but do not forgive rent payments.“While these measures are a needed stopgap to help households with reduced incomes now, continued efforts and assistance will be necessary to ensure that those who do lose major sources of income will still be able to afford housing,” added Airgood-Obrycki. Share 2Save Demand Propels Home Prices Upward 2 days ago Tagged with: Coronavirus Homeowners Renters Subscribe The Best Markets For Residential Property Investors 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Coronavirus Homeowners Renters 2020-03-31 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Investment, Market Studies, News  Print This Post Previous: DS5: How Servicers, Vendors Can be Better Prepared Next: Activists Push for Further Eviction Moratoriums Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Demand Propels Home Prices Upward 2 days agolast_img read more

Weinstein prosecutors increased chance of guilty verdict: Cosby trial attorney

first_imgiStock(NEW YORK) — After four days of deliberating, jurors in the Harvey Weinstein trial have yet to return a verdict and are recessed for the weekend.On Friday, jurors asked Manhattan Supreme Court Judge James Burke about returning a partial verdict on the five counts against Weinstein.“We the jury request to understand if we can be hung on [counts] one and or three and unanimous on the other charges,” they said on Friday afternoon. Counts one and three are the two top charges of predatory sexual assault.The jurors were sent back to deliberate after the prosecution refused to accept a partial verdict, a smart move that may increase the likelihood of Weinstein being found guilty on all counts, Stewart Ryan, a former Montgomery County, Pennsylvania, prosecutor in both Bill Cosby trials, told ABC News.“I think the logical conclusion, assuming [the jurors] are talking about counts one and three, is they have guilty verdicts on two, four and five, and some compromise is being struck,” said Ryan, now with the Philadelphia-based firm Laffey, Bucci & Kent, LLP.He called the prosecution’s refusal to accept a partial verdict a “smart move.”“From a legal perspective, it made sense to send them back,” Ryan continued, “but I think it can ultimately benefit them to give the jury the weekend. Sending them home increases the likelihood they come back with a full guilty verdict.”However, he cautioned, “You never know what a jury is thinking.”For attorney Lara Yeretsian, the jury’s question about a partial verdict may indicate it’s deadlocked on the two charges of predatory sexual assault, which could be good news for the defense.“It would be cause for celebration by the defense attorneys if he was acquitted on those charges or if it was a hung jury,” Yeretsian, who has represented celebrities including Michael Jackson and Scott Peterson, said in a statement.“This is a good sign for Weinstein,” she added, “because it means the jury can’t agree on the most serious charges, the ones that could be a life sentence. It also means they’re not unanimous on at least one of the accusers or possibly both of them.“If he’s lucky, they’ll acquit him on at least one of the women’s charges, likely Jessica Mann. If they believed even one of the accusers’ stories, they wouldn’t have a hung jury — unless it turned out to be Anabella Sciorra, the strongest witness, whose story they didn’t believe. In any event, this looks like good news for the defense.”Weinstein has been charged with five counts of sexual assault related-crimes including predatory sexual assault and rape in the first degree, stemming from two women’s allegations. He has pleaded not guilty to all charges and claims all sexual encounters were consensual.The trial is scheduled to continue on Monday.Copyright © 2020, ABC Audio. All rights reserved.last_img read more

Students, patients, clinicians gather to raise rare disease awareness

first_imgThis weekend at the Morris Inn, the Boler-Parseghian Center for Rare & Neglected Diseases hosted the 11th annual conference on advancing rare disease research, therapy and patient advocacy. The event aligned with the global World Rare Disease Day and was chosen to fall on Feb. 29 in order raise awareness for people living with rare diseases on the “rarest day of the year,” according to the website. The center’s director, Kasturi Haldar, explained why the organization holds the conference in tandem with World Rare Disease Day each year. “We need to raise awareness for these diseases because individual diseases affect a small number of patients,” Haldar said. “The more awareness that you can raise, the faster you will be able to draw attention.”While 30 million Americans suffer from rare diseases, Haldar said drawing attention to these diseases is very important with respect to human health.The conference began as a small meeting in 2009 as a lunch between colleagues at the Morris Inn to celebrate World Rare Disease Day, where each participant brought a friend who knew nothing about rare diseases. The conference has since then grown from a lunch to a two-day conference with attendees from all over the country. Outreach coordinator Barbara Calhoun said the theme for this year’s conference was rare disease patient advocacy. “We wanted to focus on how the University has many entities that collaborate together to assist rare disease patients,” Calhoun said. “Our goal is to be rare disease patient advocates through the clinical research we do, the laboratory research we do, drug discovery and through our students working with patients.”Calhoun said the conference’s purpose is to provide a setting for patients, their families, service organizations and professionals in the health field to gather in discussions.“The purpose of this conference is to provide patients with a forum for which they can share their experiences with the disease, whether it be from the perspective of their personal day-to-day life, their work with a patient service organization that they’ve developed and how that has helped their disease, and also we are looking at how our community, specifically South Bend, cares for those patients,” Calhoun said. The center offers a class open to juniors and seniors who play a role in the conference, Calhoun said.“We partner patient families with students in our rare disease class,” Calhoun said. “The students in the rare disease class learn all they can about one particular disease, and then they get to meet the patient family that has the disease.”Calhoun said the students also have the opportunity to work with clinicians who treat patients with the disease the students are studying, as well as researchers at Notre Dame who are working to develop treatments and therapies for the rare diseases. Haldar emphasized the importance of the family unit in treating and understanding a rare disease. “The families know a lot about their disease because they might see a doctor once a year or twice a year, but they live with their disease, and since the disease is quite unique, often clinicians don’t really know a lot about that disease,” Haldar said. Haldar said the families serve as a “repository” for information, and they want to share that information to raise awareness. While the first day of the conference consisted of keynote speakers, awards and a dinner, the second day of the conference included a number of panels discussions regarding what it’s like to live with a rare disease, clinical care models and patient advocacy at Notre Dame — among others — in addition to research sessions. The students in the rare disease class also presented posters on the diseases they studied.Calhoun said two awards were given at the conference to current Notre Dame undergraduate students. Senior Danielle Terek received the John M. and Mary Jo Boler Rare Disease Research Award.Calhoun said this award is given to an undergraduate student who has made a significant contribution in an area of research for a rare disease.Terek developed the first NORD summary for a disease called spinal muscular atrophy with respiratory distress (SMARD), Calhoun said.  Saint May’s senior Elena Kolarevic, who has a rare disease called Diamond-Blackfan anemia, received the Megan K. Crowley Award for Patient Advocacy. “She has worked with multiple patient service organizations and clinics to help other patients with rare diseases,” Calhoun said. “She is an integral part of what we look for in patients that are advocating for others.”Tags: rare disease day, research, The Boler-Parseghian Center for Rare and Neglected Diseaseslast_img read more

Defending Champions, Cote d’Ivoire, Qualify

first_imgAfrican champions Cote d’Ivoire ensured they will defend their title at next year’s Africa Cup of Nations after drawing 1-1 at home to Sierra Leone. Needing a point to qualify, an acrobatic goal from Jonathan Kodjia after 37 minutes calmed home nerves. But after Kei Kamara equalised midway through the second half, the tension was palpable.Another away goal would have knocked the 2015 Nations Cup winners out but they held on despite a nervy finish. Salomon Kalou was a surprise starter for the Elephants as he had been expected to miss out following the recent deaths of both his father and aunt. However, the Hertha Berlin striker was involved in the build-up to the goal as Kodjia, a recent signing for Aston Villa, hooked the ball over the goalkeeper from near the penalty spot.It was looking good for coach Michel Dussuyer’s side but Sierra Leone had aspirations of a first Nations Cup qualification since 1996 when Kamara, back in the team after ending a self-imposed 10-month exile, drew the visitors level.Nonetheless, it was the hosts who came closest to the game’s third goal as Serge N’Guessan hit the bar late on, with the final whistle following shortly after.Elsewhere, Senegal beat Namibia 2-0 to become the only team to qualify with a 100% record for January’s finals in host nation Gabon. Goals from Diao Balde Keita and a penalty from Famara Diedhiou, either side of a missed spot-kick by Mame Biram Diouf, gave the Teranga Lions a perfect record in Group K.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Wimbledon: Unstoppable Federer, Tearful Cilic

first_imgRoger Federer have won a-record 8th Wimbledon title by defeating Croatia’s Marin Cilic, 6-3 6-1 6-4, at the All England Club.The 35-year-old Swiss, who did not drop a single set all tournament, dispatched 7th seed Marin Cilic in 1hr and 41 minutes to claim his 19th Grand Slam title, becoming the oldest man to win Wimbledon in the open era.#19 tastes great pic.twitter.com/3Hv3lM5Rk9— Roger Federer (@rogerfederer) July 16, 2017“This tournament I’ve played, not dropping a set and holding the trophy – it’s magical. It’s too much really,”“It’s cruel sometimes but [Marin] fought well and he’s a hero. Congrats on a wonderful tournament.” said the 19th time Grand Slam Champion.“I’ll be gone again for the next six months if it keeps working out this fantastic when I come back!”– @rogerfederer #Wimbledon pic.twitter.com/XsReiwReBI— Wimbledon (@Wimbledon) July 16, 201728-year-old Marin Cilic, struggled to match Federer’s brilliance and broke into tears during the game after suffering an injury on his left foot. An injury that required extended medical break, with the fans hoping not to witness the first Wimbledon final retirement in men’s singles since 1911.The Croatia’s only victory over Roger Federer was en route winning his only Grand Slam title at the US Open three years ago.“I never give up in a match. I gave it my best – it’s all I can do,” Cilic said.It was an amazing journey on this year’s @Wimbledon! Congratulations to @rogerfederer and a HUGE #ThankYou to my #TeamCilic! #NeverGiveUp pic.twitter.com/eVhRf9OySm— Marin Cilic (@cilic_marin) July 16, 2017He continued: “It was tough emotionally because I know how much went into the preparation in the past few months.”“It was just a feeling that I knew that I cannot give my best on the court, that I cannot give my best game and my best tennis, especially at this stage of my career, at such a big match.” RelatedWimbledon: Nadal Crashes Out, Murray and Federer Progress into Quarter FinalsJuly 11, 2017In “Sports”Wimbledon Roundup: Murray Crashes Out, Djokovic Retires As Federer Marches OnJuly 13, 2017In “Sports”Ageless Federer To Face Cilic In Wimbledon Open Final After Berdych WinJuly 14, 2017In “Sports”last_img read more

Chelsea have ‘problems’ but Conte doesn’t want sympathy

first_imgLondon, United Kingdom | AFP | Antonio Conte insists he isn’t looking for sympathy despite admitting Chelsea are facing problems at the start of their Premier League title defence.Conte has been frustrated by Chelsea’s failure to land his top transfer targets while the champions’ title rivals embarked on multi-million pound spending sprees.The Chelsea manager’s public complaints about the size of his squad have grown louder since his club’s decision to sanction the sale of Nemanja Matic to Manchester United.Asked about Conte’s grumbling, Arsenal boss Arsene Wenger aimed a jibe at the Italian this week, pointing to Chelsea sending numerous players out on loan in recent weeks.With Conte also having fallen out with star striker Diego Costa during the close-season, former England captain Alan Shearer has said there is “something brewing which isn’t nice” at Stamford Bridge.Now Conte has conceded it hasn’t been plain sailing for Chelsea as they prepare for their Premier League opener at home to Burnley on Saturday.“We are facing different problems. But we must be ready to try to do our best tomorrow,” he told reporters on Friday. But despite Chelsea’s troubles, the former Juventus coach claimed he doesn’t care what anyone thinks about his club’s predicament.“I’m not looking for sympathy of any coaches for this situation. This is my message,” Conte said.“The situation is clear. If the club decide to send on loan players for their development it’s because these players are not ready to play for Chelsea.“It’s simple. I think I’m the coach of this team. My aim is to try to improve my players, to try to improve my team.“I repeat: my only task is to focus on the pitch, what happens on the pitch, during the training session to work with my players. This must be my focus during this period.“The club knows very well what is my opinion. And then I repeat: the club is trying to do their best on the transfer market.”Share on: WhatsApp Pages: 1 2last_img read more

See which Indian pacer has passed a late fitness test and will play in…

first_imgAdvertisement b4sgNBA Finals | Brooklyn Vs86isWingsuit rodeo📽Sindre E30( IG: @_aubreyfisher @imraino ) 1t6joWould you ever consider trying this?😱l48zCan your students do this? 🌚yr6Roller skating! Powered by Firework Indian pacer Ishant Sharma has passed his fitness test at the National Cricket Academy (NCA) and has been given the nod to join the national team in New Zealand for the upcoming two match Test series, much to the relief of skipper Virat Kohli and head-coach Ravi Shastri. On Saturday, India’s senior fast bowler thanked the NCA and their head Ashish Kaushik for his help during his rehab via social media while the Men in Blues look poised to test the Kiwis after their dismal performance in the recently concluded ODI series. Advertisement Picture Credit: India.com“It was a roller coaster ride for me after the injury on my ankle on the 20th January but with the help of Ashish Kaushik I managed to pull it off! Scans were a little scary, but today I am happy that I am fit ! Thanks Ashish Kaushik!  #recoverymode #recovery #postinjury,” Sharma tweeted.Advertisement The lanky pacer suffered a Grade 3 tear on his right ankle during a match between Delhi and Vidarbha at the Arun Jaitley Stadium in a Ranji Trophy game last month as medical tests confirmed that the fast bowler was out of the Test series against New Zealand and had been advised for six weeks of rest.“He has been advised complete rest for six weeks, so there is little chance of him playing the Test series against New Zealand next month. When he goes to the National Cricket Academy will depend on his getting into a position where he can walk properly,” DDCA director Sanjay Bhardwaj said after Ishant’s injury.The first match of the two Tests is scheduled to be played from February 21 to 25 at Wellington, while the second will start from February 29 to March 4 at Christchurch. The Indian team meanwhile, are currently playing a three-day warm-up game against New Zealand XI in Hamilton. You may also like:See which up and coming Indian batsman will replace Rohit Sharma in the NZ test seriesHere’s what Cheteshwar Pujara had to say about comparisons with Rahul Dravid Advertisementlast_img read more

Red Bank Garden Yields Produce, Community Spirit

first_imgBy John BurtonRED BANK – The rocky road to establishing a community garden has yielded a harvest of involvement and cooperation for the gardeners and community.“I think this has truly become a community effort,” said Elizabeth Seydell, who chairs the community garden committee.Elizabeth Seydell, Red Bank community garden chairperson, checks on how the season’sharvest is progressing during the community garden’s first year.Located on Marion Street, just west of Eastside Park, the garden, which is in its first year, is a 30-by-80 foot plot of a 5,281 square-foot borough-owned property. The garden has 14 plots measuring an average of 4-by-16 feet, with room for two more – though that property is being held for a possible easement for the neighboring homeowner.The plots were awarded on a first-come, first-served basis, with gardeners paying $25 for the season’s use. There is a waiting list for plots, Seydell said.Among those tending their crops are families, some with young children, singles, seniors, and the local Girl Scout troop, all who relish the opportunity to plant and sow – even in such small patches, Seydell said.“There is a great sense of community” there, said Cindy Burnham, who spearheaded the idea a couple of years ago. Burnham, who does not have a plot, said the gardeners are all working together, offering advice and help. “It really is people helping people.”Discussions about establishing a community garden, going back about two years, became startlingly heated and controversial. The debate wasn’t so much about the garden itself – all parties insisted they wanted one – but instead about location.Burnham and her allies had been advocating for using a borough-owned property at 94 West Front St., located next to the public library and overlooking the Navesink River.Mayor Pasquale Menna and the Borough Council insisted that site was inappropriate for use as a garden for a number of reasons, including not being centrally located and lack of parking. Borough officials also had reservations about using the limited amount of borough-owned open space for a small number of residents. The library’s board of trustees also worried about how use of the property would impact their facility.Proponents continued to push, quite vocally and pointedly, for the Front Street site, insisting no other borough-owned location was as good for this use.Burnham, who is now on the Republican ticket for Borough Council, also continued to allege Menna and the council, all Democrats, were planning to ultimately sell the property, which they strenuously denied.Years later the tract remains borough property.Menna eventually convened the committee to look at potential garden sites and advise the council. The council finally decided the Marion Street site was the only workable one.“Everything has been going beautifully” at the site, Burnham said last week.Seydell noted that the contentious back and forth was “worth it in the end.”A lifelong borough resident, Seydell said that as a child, she and her father, Bud Riegelman, would use Fair Haven’s community garden when space was available. She cherished those experiences. “I think a community garden is a wonderful experience for everybody,” she said.Gardeners this season are growing tomatoes, lettuce, cucumbers, zucchini, eggplant, string beans and cabbage.“We even got some corn growing,” Burnham said.About a dozen members of Girl Scout Troop 1556 are growing vegetables and flowers, including sunflowers and colorful zalias, said Jenny Rossano, a troop leader.“It’s really nice to see them out there” and enjoying the work, Rossano said. She also hopes the scouts take away a lesson. “I hope they appreciate where their food comes from,” she said.“There is something about putting something in the ground and watching it grow and then it’s available to eat, or to give to someone that is so special,” Seydell said. “It’s an amazing learning experience.”“We want this to be more than just a garden,” Burnham said. “We want it to be an educational aid.”Garden committee meetings are held at the garden on the first Tuesday of the month.last_img read more