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first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Under Trump or Biden, GSE Reform Path is ‘Uncertain’ Next: Resurrecting Zombie Homes 2020-10-15 Christina Hughes Babb Sign up for DS News Daily Home / Daily Dose / What Happens When Forbearance Programs Expire? Demand Propels Home Prices Upward 2 days ago October 15, 2020 2,271 Views What Happens When Forbearance Programs Expire?  Print This Post Related Articles 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. Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Moratoria and the CARES Act have effectively halted foreclosure activity—those filings are at an all-time low—but the numbers “are artificially low,” analysts say. Some predict a significant “burst” once government programs expire. ATTOM Data Solutions, which collects and analyzes foreclosure data, released its Q3 2020 U.S. Foreclosure Market Report. It revealed a total of 27,016 U.S. properties with foreclosure filings including default notices, scheduled auctions or bank repossessions, in the third quarter, down 12% from the previous quarter and down 81% from a year ago to the lowest level since it began tracking quarterly filings in the beginning of 2008.The study also indicated there were a total of 9,707 U.S. properties with foreclosure filings in September 2020, down 2% from August and 80% from September.Lenders started the foreclosure process on 15,129 properties in Q3, that’s the 21st quarter in a row to show a decrease in foreclosure starts.Nationally, one in 5,048 properties had a foreclosure filing. Those with the highest rates last quarter were South Carolina, Illinois, New Mexico, New Jersey, and Delaware.Those properties foreclosed on in Q3 spent an average of 830 days in the process. That’s up from 685 days in Q2 but down a bit from 841 last year at this time.“Foreclosure activity has, for all intents and purposes, ground to a halt due to moratoria put in place by the federal, state and local governments and the mortgage forbearance program initiated by the CARES Act,” said Rick Sharga, EVP of RealtyTrac, an ATTOM Data company. “But it’s important to remember that the numbers we’re seeing today are artificially low, even as the number of seriously delinquent loans continues to increase, and that we’ll see a significant—and probably quite sudden—burst of foreclosure activity once these various government programs expire.”Furthermore, lenders repossessed 6,076 U.S. properties through foreclosure (REO) in Q3, down 22% from the previous quarter and down 82% from a year ago to the lowest level since ATTOM began tracking.”We’ll certainly see more repossessions by lenders once the foreclosure moratoria have ended, but maybe not as many as people might expect” Sharga noted. “Given the record amount of homeowner equity—over $6.5 trillion—it seems likely that many homeowners in financial distress will opt to take advantage of strong demand among homebuyers and sell their property rather than risk losing it to a foreclosure auction.”For the full report, visit ATTOM Data Solutions. Share Save About Author: Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 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 in Daily Dose, Featured, News The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

first_img View post tag: News by topic USA: Northrop Grumman Advanced Shipboard Electronic Systems to Enter Service on New OSV View post tag: Shipboard Back to overview,Home naval-today USA: Northrop Grumman Advanced Shipboard Electronic Systems to Enter Service on New OSV View post tag: Naval View post tag: Navy View post tag: Service October 24, 2012 View post tag: enter View post tag: Grumman View post tag: OSV Northrop Grumman Corporation has provided the advanced communication, sensor and navigation systems installed on the first of two new offshore support vessels (OSVs) being procured by the U.S. Naval Sea Systems Command (NAVSEA) on behalf of the Iraqi navy.NAVSEA accepted delivery of the first 60-meter multipurpose OSV, Al Basrah (OSV 401), in July for subsequent transfer to the Iraqi navy this fall when it will enter service. Its sister vessel, Al Fayhaa (OSV 402), recently completed sea trials and is scheduled for delivery with Al Basrah.Northrop Grumman was awarded a $7.4 million contract in November 2010 by prime contractor RiverHawk Fast Sea Frames of Tampa, Fla., to provide advanced electronic systems for the two OSVs being built for the Iraqi navy. The company delivered the systems late in 2011 for installation, integration and testing during sea trials.Al Basrah will conduct maritime security operations in the Northern Arabian Gulf alongside previously delivered Iraqi naval patrol boats.“These shipboard electronic systems will improve Iraq’s ability to provide its own national security,” said Bill Hannon, vice president of Northrop Grumman’s Maritime Systems business unit. “By providing a quick-response, affordable, capable solution to RiverHawk, Northrop Grumman demonstrated its ability to deliver integrated navigation and communication solutions along with management and engineering services.”Under the contract Northrop Grumman provided its Integrated Bridge System (IBS) and Integrated Tactical Data Link System (ITDLS) for both vessels, together with communications, maritime situational awareness displays, VisionMaster™ TotalWatch™ multifunction workstations, chart radar, electronic chart display and information system, and other electronic systems. The work also included program management, design, procurement, assembly, and shipboard integration and testing.“The OSVs will play a key role in the new Iraqi Navy. These are complex, multimission ships; it took real teamwork to build in all the quality and capability into these ships, and the partnership with Northrop Grumman has proven critical to that success,” said Jake Ross, managing director of RiverHawk Fast Sea Frames.Northrop Grumman’s IBS and ITDLS are in service on 10 35-meter Iraqi patrol boats, which will conduct maritime security operations in the Northern Arabian Gulf alongside the new OSVs. Two more 35-meter boats are in production, and are expected to deliver in late 2012 and early 2013, respectively. The company has also provided the tactical data link components for the Iraqi Maritime Surveillance System (MSS). The ITDLS provides for situational awareness and sharing of tactical tracks between the MSS, the 60-meter OSVs and the 35-meter patrol boats to provide the Common Tactical Picture.Northrop Grumman is a leading global security company providing innovative systems, products and solutions in unmanned systems, cybersecurity, C4ISR, and logistics and modernization to government and commercial customers worldwide.[mappress]Naval Today Staff, October 24, 2012; Image: rhfsf View post tag: Electronic View post tag: Northrop View post tag: Advanced Industry news View post tag: New View post tag: Systems Share this articlelast_img read more

first_img Published on November 13, 2016 at 7:24 pm Contact Michael: [email protected] | @MikeJMcCleary As the ball hit the court for the final point of the second set, the gym went silent. The crowd let out a collective sigh as Florida State pounded the ball to the floor of the Women’s Building. Syracuse’s players buried their heads and proceeded to jog back to the conference room for their halftime meeting.“(I) could keep going on and on and on (about) whatever I’m saying,” Syracuse head coach Leonid Yelin said, explaining that the team suffered mental lapses. “They can hear you but they can’t focus on what you’re saying.”It was overall disappointing game for SU. The Orange (7-19, 6-10 Atlantic Coast) scored just nine points in the second set — the worst set of its season — and struggled defensively throughout the game en route to a 3-1 loss to No. 18 Florida State (20-5, 13-3) at home.FSU’s serving was a problem for the Orange all game long. The Seminoles served the ball hard and low to the net, which SU’s players had trouble judging and often had to dive for. It got bad enough to where middle blocker Leah Levert, who was standing at the front of the net, turned to her teammates in the back to yell out that FSU was “going to serve quickly.”Off one Florida State serve, Mackenzie Weaver reached down for a ball near the ground and it ricocheted off of her forearm and sideways into the court. She smacked her hand against the court in frustration following the Florida State point.AdvertisementThis is placeholder text“They are a very good serving team,” Weaver said. “That’s what we try to focus on. We try to keep it low and quick to the net so it’s hard for the defense to read.”In large part due to the serving by Florida State, the Orange recorded 73 digs and was forced to make a lot of desperation saves to stay alive in the point. Belle Sand, Syracuse’s leader in digs, as well as teammate Jalissa Trotter led the team with 18 digs each and five SU players had 11 digs or more.The digs were inflated due to the high volume of attack attempts from FSU, in addition to the Orange misreading some of the Seminoles’ serving trajectories causing them to have to make the diving saves off the initial serve attempt.“You know we have a great block. We out block a lot of teams,” said Sand, “But we can’t just rely on the block, defensively we do need to step up. Today we did step up, but obviously you can only go up from here.”Syracuse’s inability to catch on to Florida State’s serving patterns as well as the large amount of attacks from the Seminoles took the life out of the Orange defense. It led to a disastrous second set and another disappointing loss for SU.“How we played in the second set was not okay,” said Weaver, “we don’t work so hard in the gym every day to lose like that. It’s not fun.” Comments Facebook Twitter Google+last_img read more