Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Freddie Mac Originations Sales 2017-03-29 Seth Welborn Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Print This Post in Daily Dose, Featured, Market Studies, News Tagged with: Freddie Mac Originations Sales Previous: FHFA Releases GSE Progress Report Next: Fannie Mae Clarifies Clear Boarding Policies March 29, 2017 1,181 Views Aly J. Yale is a freelance writer and editor based in Fort Worth, Texas. She has worked for various newspapers, magazines, and publications across the nation, including The Dallas Morning News and Addison Magazine. She has also worked with both the Five Star Institute and REO Red Book, as well as various other mortgage industry clients on content strategy, blogging, marketing, and more. Share Save Related Articles About Author: Aly J. Yale Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Freddie Mac Predicts Drop in Sales Over 2016 Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Freddie Mac Predicts Drop in Sales Over 2016 Sign up for DS News Daily Due to declining refinances and rising mortgage rates, originations will drop more than 25 percent this year, according to a recent outlook report from Freddie Mac.Released Wednesday, the outlook predicts that national growth and employment improvements won’t be enough to stifle rising interest rates in 2017, especially as the Fed hints at future rate hikes down the line.“The housing market posted strong gains in 2016,” the report stated. “Total home sales of just over 6 million units marked the largest annual growth in almost 10 years, and mortgage originations reached $2.1 trillion. However, rising mortgage rates will weigh on the market going forward, and mortgage originations will drop a little over 25 percent in 2017, almost exclusively as the result of plummeting refinances.”In Q4 2016, the nation saw a 1.9 percent jump in GDP growth, and as of February, the Consumer Price Index increased 2.7 percent over the year. Unemployment also dropped 4.7 percent, and nonfarm employment rose by more than 230,000 jobs. Despite this growth, the Fed announced a rate hike earlier this month and hinted that more may be in the future for 2017. As a result, mortgage rates are on the rise, averaging 4.3 percent by the week of March 16—about half of a percentage point higher than they were one year ago and three-quarters higher than last summer.But interest rates aren’t the only thing putting impacting housing affordability. According to Freddie Mac’s outlook, home prices are outpacing income growth significantly, and that’s putting a home purchase out of reach for many citizens.“Since January 2000, home prices have risen a bit faster than incomes, though recently home price growth has outpaced income growth by a wider margin,” the report stated. “But house prices have accelerated in recent years while per capita disposable income growth has been more stable. For example, in 2016, house prices rose 6.2 percent while per capita disposable income increased 3.4 percent.”Come spring, this disconnect could block many potential homebuyers from the market, the report stated.“As we get into the spring selling season, we expect affordability to start to bite in many markets pushing some prospective buyers to the sidelines and contributing to a modest decline in total home sales in 2017 relative to 2016.”In total, Freddie Mac predicts total 2017 home sales to hit around 5.9 million. To read the full outlook report, visit FreddieMac.com. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe
Mexican prisons have long been plaguedby violence. After the fight, one inmate wasarrested with a firearm, and three more guns were found in the prison, as wellas various knives. Further searches will be conducted at the prison to rule outthe presence of additional weapons, Public Security Minister Ismael Camberossaid. MEXICO City – Sixteen inmates werekilled and five wounded in a prison fight in the northern Mexican state ofZacatecas, authorities said. The fight broke out on Tuesdayafternoon at the Regional Center for Social Reintegration in the town ofCieneguillas, the state government said. The government has launched aninvestigation to determine those responsible for the incident and how theweapons entered the prison. Members of the Mexican National Guard stand atop a vehicle as they keep watch outside the prison after 16 inmates were killed and five were wounded in a prison fight at the Regional Center for Social Reintegration in the town of Cieneguillas, Zacatecas, Mexico on Dec. 31, 2019. REUTERS/ ARTURO CARDENA NO SALES NO ARCHIVES In 2017, at least 28 inmates werekilled when a brutal fight broke out in a prison in Acapulco.(Reuters)
Robert Hamilton. (Image: Hoosier Lottery)INDIANAPOLIS – Robert Hamilton must have some good luck on his side. The Indianapolis resident won the Hoosier lottery not once but twice within three months.He won his first $1 million in April after purchasing a scratch-off on his way to a conference an hour-an-a-half southwest of Indianapolis.Hamilton said he planned to use the winnings to pay off debts, purchase a home for him and his wife, take a vacation, buy a truck for his father and invest in his business.He bought the most recent winning ticket at a convenience store in Indianapolis. He plans to buy a motorcycle this time.Both prizes were claimed from playing the Hoosier Lottery’s $120 Million Cash Spectacular Scratch-Off.Lottery officials say the odds of winning once is one in 2.1 million.
“It happens once in 100 games. We did not deserve to go out over 180 minutes.”However, the German refused to say the officials had got the late penalty call wrong.“I think it’s a 50-50 decision. What makes it super hard is that I had the clear feeling that the shot was not on target.”United were missing Paul Pogba through suspension and nine more players were sidelined due to fitness problems.Despite that, they achieved one of their greatest European results, up there with their 3-2 win at Juventus in the 1999 semi-finals, which came after they fell two goals behind early on.– Lukaku double –Solskjaer was on the bench that night, and the Norwegian watched from the sideline here — curiously with a bib on over his jacket apparently due to a colour clash with PSG’s kit — as his side went in front inside two minutes.A dreadful back-pass attempt by PSG defender Thilo Kehrer fell to Lukaku, who rounded Buffon and scored.The hosts pulled themselves together to equalise in the 12th minute when Mbappe squared for Bernat to turn in his third Champions League goal this season.However, the visitors were gifted another goal half an hour in.Not closed down 25 yards out, Rashford tried a shot that was powerful but straight at Buffon. Yet the veteran Italian spilled the ball, and Lukaku followed in to score his sixth goal in three games.PSG — so slick in France — were wobbling again at the business end of the Champions League.Angel Di Maria had a goal ruled out for offside in the 56th minute and Mbappe then managed to fall when clean through late on, with Bernat sending the loose ball against the post. Paris, France | AFP | Manchester United manager Ole Gunnar Solskjaer said his side “can go all the way” in the Champions League after Marcus Rashford’s dramatic stoppage-time penalty gave them a stunning 3-1 win away to Paris Saint-Germain on Wednesday as they improbably reached the quarter-finals on away goals.A seriously depleted United looked to have given themselves too much to do after losing 2-0 in the first leg of their last-16 tie last month, yet a Romelu Lukaku brace in the first half at the Parc des Princes gave them hope.Even so, Juan Bernat had netted in between for PSG, and it looked as though the French side would stumble on until the drama at the death.Slovenian referee Damir Skomina awarded a spot-kick after reviewing the images when he had been alerted of a possible handball by PSG defender Presnel Kimpembe in the box.Rashford duly beat Gianluigi Buffon from 12 yards, as United won a European tie after losing the first leg at home for the first time in their history.“We always believed, that’s the thing,” an elated Solskjaer said. “The plan was to get the first goal, be in the game with five or 10 minutes to go, and we were.”Their improbable victory — following Ajax’s similarly stunning turnaround against holders Real Madrid 24 hours earlier — takes them through to the last eight for the first time since 2014.“Of course we fancy ourselves. We can go all the way, but we just have to wait for the draw and then take the game as it comes,” said the Norwegian, who has now overseen nine consecutive away wins, a club record.“We have had loads of injuries and suspensions but that was maybe a good thing today because we had a fresh team, and loads of energy.”– Groundhog day –While United celebrate, for PSG and their Qatari owners this defeat will feel like groundhog day.For the third year running they fail to make the quarter-finals, after their defeat at the hands of Real Madrid a year ago and their humiliating collapse against Barcelona in 2017.Electric at Old Trafford in the first leg, Kylian Mbappe was poor here and Neymar was again missing, watching from the stands as he recovers from injury.“If it were a league game you would wipe your mouth and go on, but today it’s horrible and cruel,” said coach Thomas Tuchel. Share on: WhatsApp Rashford stoppage-time penalty. PHOTO via @ChampionsLeague
MONMOUTH COUNTYResidents are invited to learn more about the Multi-Jurisdictional Natural Hazard Mitigation Plan at a public information session to be held from 7:30 to 9:30 p.m. Wednesday, May 22, at the Rave Movie Theater, 2821 Route 35 in Hazlet.The plan, which is currently in the process of being updated by Monmouth County and participating municipalities, is a documented evaluation of the hazards to which communities are susceptible.The public session is being hosted by the Bayshore Emergency Management Association, a consortium of emergency managers from Atlantic Highlands, Aberdeen, Hazlet, Highlands, Holmdel, Keansburg, Keyport, Matawan, Middletown, Union Beach and Sea Bright.Visit monmouthsheriff.org for more information on the plan. FAIR HAVENThere will be a spring walk through the natural area of Fair Haven Fields at 10 a.m. Saturday, May 18. Attendees will learn about the trees and plants they see walking the trails of these 40 acres of flora and fauna. The walk will be led by Jeff Dement, an American Littoral Society naturalist.The event is free and all people are welcome, but no dogs. Those attending should meet at the Ridge Road parking lot of Fair Haven Fields. RUMSONA start-of-the-summer tradition returns Saturday, June 8, when St. George’s-by-the-River hosts its annual Canterbury Fair, from 9:30 a.m. to 2:30 p.m., rain or shine.The truly old-fashioned fair appeals to all age groups. In addition to the highly anticipated white elephant sale, available for sale is jewelry, baked goods, plants and flowers and thousands of books for all ages. Treasures can also be found at the Shabby Chic display. A fabulous array of items will be up for bid at the silent auction tent. The best bargains at the Jersey Shore will be at the Canterbury Fair that day.An area will be dedicated to children’s fun. There is a petting zoo, clown, balloons, cotton candy, face painting and lots of games where the little ones can win prizes. The children’s chance auction is a favorite for the “kid set.” In response to last year’s popularity, there again will be gently used children’s clothing and toys.The food featured will include hamburgers and hot dogs cooked on an open outdoor grill. Visitors will also be able to go to the oasis of the tea garden for iced tea and delicious baked goods, and the lobster salad luncheon.Proceeds help support local outreach and charitable organizations.Chairperson Christianna Harvey is set with her committee heads to make this year’s Canterbury Fair the best yet. SHREWSBURYJust in time for Mother’s Day, the Shrewsbury Garden Club (SGC) will host its annual Gardeners Market from 8:30 a.m. to 1:30 p.m. Saturday, May 11, at the gazebo at the Borough Municipal Center, 419 Sycamore Ave.Throughout the morning, the club will be selling flats of spring annuals and perennials, hanging baskets, cut flower arrangements and a selection of herb and vegetable plants. There also will be a Green Elephant Sale featuring a host of gently used garden tools, books, containers and other outdoor treasures.Garden enthusiasts are invited to attend one of several workshops planned for the day, including flower arranging and container planting.Funds raised during the sale will help support the SGC’s gardening work in several public spaces including Patriots Isle, the gazebo, the Shrewsbury Historical Society Cottage Garden, the Greenhouse Garden and the Herb Garden at the historic Allen House.For more information about upcoming SGC events or to learn how you can become a member, visit the club’s website at www.shrewsburygc. com or its Facebook page at www.facebook.com/shrews burygardenclub. Thanks to the efforts of Matt Dell, a junior at Rumson-Fair Haven Regional High School, youngsters who lost their bikes due to Super Storm Sandy recently received a very pleasant surprise.After hearing about the bike losses suffered by local children of all ages, Matt organized and publicized a Hurricane Sandy Bike Drive. He urged RFH students and families and local residents to get their unused bikes out of garages and sheds and into the hands of deserving youngsters.Bikes were donated at three locations on April 28 – the Fair Haven Youth Center on Fisk Street, the Coldwell Banker Residential Brokerage Office on River Street in Rumson, and the Monmouth Beach Bathing Pavilion. The event was a huge success, resulting in the donation of 120 bikes in working order.The bikes were collected by volunteers, including RFH juniors Colin Heath and Enzo Lucarelli.With the help of Sandyfamilymatch, an organization dedicated to assisting Jersey Shore families impacted by Super Storm Sandy, the bikes were transported and distributed to youngsters in Monmouth Beach, Sea Bright, and Union Beach. The residents of these towns are dealing with devastating damage and loss of personal items due to the storm, which hit the area on Oct. 29.“It was amazing to see how generous people were,” said Matt. “Some of the donated bikes looked brand-new!”Matt is the son of Beth and Kevin Dell of Fair Haven. MIDDLETOWNCommunity members will soon get the opportunity to refresh their driving skills, thanks to Regal Pointe Independent Living and AARP.Regal Pointe will host a one-day AARP Safe Driver Refresher Course for defensive driving from 9 a.m. to 3:30 p.m. Wednesday, May 15, 1800 Route 35.Successful completion can result in discounts on car insurance and the elimination of one point on your license (contact your insurance agent for details). The course is available to drivers age 50 and older, who have not yet completed the initial course or who have let three years pass since taking it.The cost of the course for AARP members, with proof of membership, is $12 per person. The cost for nonmembers is $14 per person. All participants must bring their AARP membership card (if applicable) and valid driver’s license. The event includes lunch, courtesy of Regal Pointe.Seating is limited. Please register by May 13 by calling 732-957-0083. * * * * * TINTON FALLSThe Arc of Monmouth is pleased to announce that the 4th annual Edward M. Rosell Golf Classic will occur Monday, June 17, at Deal Golf and Country Club.The event supports healthcare, employment and other critical programs for more than 1,400 Monmouth County residents with Down syndrome, autism and other developmental disabilities. Funds also will be used to rebuild The Arc’s Work Opportunity Center, which was severely flooded during Super Storm Sandy.Foursomes and individual slots are now available for the event, which begins at 10 a.m. with registration and lunch. The modified scramble will start at 12:30 p.m., and includes a Million Dollar Shootout drawing, a $5,000 putting contest and a Hole-in-One car giveaway, sponsored by Schwartz Mazda.A cocktail reception begins at 5:30 p.m. and the awards dinner will occur at 6:30 p.m. Beverage carts will be on the course all day.Entry donations are $375 per person. Lead sponsors include The Anabel Foundation, Brookdale Community College, Circle Hyundai, Horizon Blue Cross Blue Shield and UBS.Registrations for golf and/or dinner, as well as the high-profile corporate packages that are available may be obtained by contacting [email protected], calling 732-493-1919, Ext. 120, or visiting www.arcofmonmouth.org/golf.Dr. Webster Trammell, the event’s immediate past chairman, will be honored at the event for his many years of dedication to The Arc of Monmouth and Brookdale Community College.“The golf classic has become one of the most important annual fundraisers for The Arc,” said Jack Privetera, co-chair of the event along with Joseph C. Roselle. “We are proud to recognize Dr. Trammell’s care and commitment at this event, while at the same time raising funds to help The Arc recover from flood damage.”The Arc of Monmouth is a 501(c)(3) nonprofit agency providing healthcare, residential services, education, employment and vocational training, recreation and other vital services to more than 1,400 individuals with autism, Down syndrome and other intellectual and developmental disabilities.To learn more, please call 732-493-1919 or visit www.arcofmonmouth.org.
OAKLAND – The Warriors lacked focus. They committed costly turnovers. They conceded too many 3’s. They played with the kind of energy they often displayed in past seasons during the NBA dog days.Yet, the Warriors finished with a 120-118 victory over the Miami Heat on Sunday at Oracle Arena for primarily the same reason they have won two consecutive NBA championships.Kevin Durant, Klay Thompson and Stephen Curry are really good at playing basketball. Durant scored 39 points on 16-of-24 …
Ireland’s Kevin O’Brien scored the fastest century of the World Cup as his team caused the biggest upset of the tournament beating England by three wickets. Score | PhotosSuch was the irony of the match that saw Ireland rise above their “minnows” tag and chase down a three hundred plus total against England in their World Cup Group B match at the M Chinnaswamy Stadium in Bangalore on Wednesday.Chasing 328, the Irish team started off as minnows losing wickets regularly even as the England bowlers made merry.Sitting on 111/5, Ireland had no hope of coming back into the game until, Kevin O’Brien along with Alex Cusack decided to turn the match on its head.The duo batted on to milk the English bowlers just the like the way the England batsmen had down to their bowlers earlier.It wasn’t as if the earlier Irish batsmen didn’t try. They did but failed even as Paul Stirling and and Ed Joyce, who had represented England in the last World Cup in 2007, scored 32 each – the highest till Kevin and Cusack came to the crease.Kevin’s brother Niall O’Brien had managed to scored 29 before England offie Graeme Swann got the better of him. In the 21st over Swann claimed him with a ball that skid through to crash against O’Brien’s stumps. He fell for 29 and Ireland slumped to 103/3.Swann hadn’t finished as yet and he made sure that Joyce didn’t stay on for long. His turner beat him and keeper Matt Prior removed the bails off from this stumps. Joyce fell for 32 and Ireland slumped to 106/4. In the 25th over, Swann struck again to send home Gary Wilson leg before as Ireland went down to 111/5.advertisementBut, the game was far from over for Ireland.Soon Kevin and Cusack came to the crease and did something no one could have imagined, attempt a revival. They charged down at the England bowlers with gusto and numbed their attack with their flurry of strokes.Kevin scored competed his half-century off just 30 balls. But he was hungry for more and went on hit more boundaries and over the fence shots even the once daunting target seemed gettable.Getting good support from his partner Alex Cusack, he Ireland cross 200-run mark.Post his fifty Kevin let loose a flurry boundaries and sixes taking up the England challenge in his stride. More drama followed when batting in the 90’s England skipper Andrew Strauss dropped him off Collingwood.Then it was Cusack’s turn to get a brush with luck as Michael Yardy dropped him off his own bowling. At this stage the England team seemed to come under pressure.It was then Kevin realised that the England had come under pressure and he upped the tempo to complete his ton and that too is impressive fashion. Scoring it off just 50 balls – the fasted in World Cup history.Unfortunately, Cusack got run out in Stuart Broad’s over, missing his half-century by 47. But, Kevin was still at the crease. With new man John Mooney, he brought the scores at par with the number of balls.Finally, he too was run out in the 49th over with an impressive 113 written against his name. His fine innings was decorated with 13 fours and six over the fence shots.The best part was that Ireland reached the target with five balls remaining.England inningsEarlier, Jonathan Trott put on 92 runs as England put on 327/8 on board. England skipper Andrew Strauss won the toss and elected to bat against the punching bags Ireland.Clearly England wanted their batsmen to get some good match-practice ahead of their big game against South Africa on Sunday.Captain Andrew Strauss and Kevin Pietersen started off with all guns blazing. Clearly, the two were having a ball at the cost of the Irish bowlers, who looked like novices in front of them.After much effort Ireland managed to break their partnership with 18-year-old George Dockrell claiming Strauss. The ball crashed into Strauss’ stumps on 34.Strangely enough, Strauss fell for 34 on his 34th birthday. England were 91/1 at this stage.With Strauss gone, the other opener Kevin Pietersen too lost his rhythm and departed. Pietersen tried to play a reverse sweep on offie Paul Stirling but failed and ended up giving a top edge to keeper Niall O’Brien on 59. An England lost their second wicket on 111/2 on the last ball of the 17th over.But England were hardly concerned, no wonder that Ireland are rank outsiders in this tournament. Soon, Jonathan Trott and Ian Bell got on with a partnership milking the opposition bowlers at ease. The two put on 167 runs for the third wicket even as the Irish bowlers lost hope of producing a breakthrough.advertisementHowever, the breakthrough did come about for Ireland when on the last ball of the 43rd over Bell went for a big hit off John Mooney’s full toss. Stirling leaped and plucked the ball mid-air and Bell was walking back on 81 with 278/3 on board.There was more in store for Ireland. An over later Trott too departed with Mooney uprooting his stumps when he was just 8 runs shy of his century. He fell for 92 and England fell to 288/4.With Trott and Bell in the pavilion, Ireland pressed further and were rewarded. First Trent Johnston claimed Prior and then Mooney scalped his third wicket of the day in the form of Paul Collingwood at death.The way England were batting earlier, a 350-plus score wasn’t far, but thanks to Mooney and Johnston, who restricted them to 327/8 in 50 overs. Money finished with a four-wicket haul.
GLENDALE, AZ – JANUARY 10: ESPN reporter Lou Holtz looks on during the Tostitos BCS National Championship Game between the Oregon Ducks and the Auburn Tigers at University of Phoenix Stadium on January 10, 2011 in Glendale, Arizona. (Photo by Kevin C. Cox/Getty Images)Texas head coach Charlie Strong served as an defensive assistant for Lou Holtz – both at Notre Dame and later at South Carolina. This week, Holtz stopped by Austin, Texas, to help out Strong and his staff ahead of the 2015 season. Holtz gave an inspiring speech to the team, and focused on what it takes to win a national championship. He also showed that he’s rather gifted when it comes to magic.Around the 3:30 mark in the below video, Holtz pulls the famed ripped newspaper magic trick on the squad. He actually does a really solid job, and the players are clearly impressed.Holtz certainly has his detractors, but it’s pretty cool that he’s willing to help out former staff members. If you’re looking to wow a crowd and learn the trick yourself, here’s a decent walkthrough.
YouTube/Right Side BroadcastingOn Tuesday night, members of the Iowa football and wrestling teams presented Republican presidential candidate Donald Trump with a Hawkeyes jersey. During the event, after inviting members of the team to the stage, Trump stated that they endorsed him.Obviously, that could just be bluster on Trump’s part, but Iowa athletes’ representation on the campaign trail could be an NCAA violation. The Daily Caller points out the language from NCAA guidelines.According to the NCAA’s Advertising and Promotional Guidelines, student athletes are not allowed to appear in any advertisement that “endorses a political candidate or party, or … advocates a viewpoint on controversial issues of public importance.”This probably won’t result in anything major, and odds are Trump and the players may be unaware of the violations here, but for college athletes, it is almost always best to avoid things like this.[The Daily Caller]
Nearly 54 per cent young women in India are not in education, employment or any kind of training, which is 15 times higher compared to young women and men worldwide, suggesting fewer opportunities for the fairer sex to enter the workforce, finds a Lancet study. The findings showed that globally, the number of 15-24-year-olds not in education, employment or training is estimated to be around three times higher for young women (175 million) than young men (63 million). Also Read – An income drop can harm brainBut, the prevalence in India is over 15 times higher in young women than in young men (nearly 54 per cent compared to 3.5 per cent). “Achieving gender equity in determinants of adolescent health and wellbeing will require action on many fronts, including employment and economic empowerment, better access to essential health care including contraception,” said Professor George Patton from the Murdoch Children’s Research Institute and University of Melbourne in Australia. Also Read – Shallu Jindal honoured with Mahatma AwardIt also includes implementation of legislative frameworks to protect girls from early marriage, and changes in community norms, Patton said. The study, which tracked recent global changes to adolescent health in 195 countries, estimated that, compared with 1990, an additional 250 million adolescents in 2016 were living in countries where they faced a triple burden of infectious disease, non-communicable diseases including obesity, and injuries – including from violence. Besides the prevalence of anaemia was found to be over 50 per cent among young women in India.