first_img About Author: Seth Welborn  Print This Post Home / Daily Dose / Ask the Economist: First-Time Buyer Misconceptions and the Global Economy 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. July 25, 2019 1,989 Views in Daily Dose, Featured, Market Studies, News, Print Features Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Mark Palim manages the team responsible for Fannie Mae’s macroeconomic and housing forecast and its survey unit. A frequent speaker at industry events and conferences, Palim’s insights have appeared in various media outlets. Before joining Fannie Mae, Palim worked as an economic consultant for PricewaterhouseCoopers and for LECG. He began his career as a fixed-income manager. Palim recently spoke with DS News about the economic factors impacting the U.S. housing and mortgage markets and what we can expect this year.What are some misconceptions first-time buyers may have about the homebuying process?It’s a failure on our part as an overall industry to better educate people. It is an infrequent transaction, in that it is an opaque transaction and a high-value part of consumer’s balance sheet, so you have those competing tensions. However, first-time homebuyers face the same knowledge challenges in getting ready to own and knowing what it takes to qualify. How have student loans and other debts impacted home purchasing power for millennials and other first-time buyers?What we’ve seen in that data over the years is that there’s this substantial number of people who attain homeownership and have student debts, so what appears to be going on is that it delays your ability to transition. Some households start out with student loans but are able to make sufficient income to carry that debt. They then also use debt to buy cars and are more likely to have a lower down payment when it comes time to buy, but they do attain home ownership. The key thing here is, are you actually improving your market skills through the debt and education you take on?What can we expect throughout the rest of the year, from a macroeconomic perspective?If you step back on our forecast, last year we were at 3% growth, and we’re forecasting 2.3% for this year, and a slowdown in 2020 to 1.8%. The key things to be watching for on the macro side is what’s happening with business confidence and investment, and then on the consumer side, consumer confidence and consumer spending.That’s something we are always watching for, but in this case, you have mixed policies, a dynamic affecting the economy. On the one hand, you have the Fed, which has paused its rate hikes, and we’re waiting to see what the lagged effects are for the interest rate increases that have already occurred. The most notable example of that would be car sales, which have been flat and are now going sideways. That’s an interest-rate-sensitive component of consumer spending. You’ve seen some deterioration in credit performance, so we’ll be watching closely to see what happens there.We’re also watching the housing sector closely, where the rise in mortgage rates has had a big impact last year on affordability. You’ve now had a substantial decline in mortgage rates, and we’re hopeful that will help continue to spur a recovery in the housing market during this spring and into the summer, given how weak it was over the winter. We also have some policy tension going on. On the one hand, you’ve got the Fed pausing; on the other hand, you have all the concerns around trade negotiations, growth outside the U.S., and what impact trade policy is having on growth around the world. What’s going on with various crises in Europe, what’s going on with growth in Asia, and are central banks around the world able to respond—by and large, they are not, because they already have negative interest rates. The global policy perspective is, along with the trade issue, a down-side risks for the outlook.How will the global economy impact the U.S. housing market?Contrast with where we were in the beginning of 2018, where we had pretty coordinated increases in growth across the globe, to where we are now, where we’ve seen over the winter months, and the second half of last year and into the winter, where we saw substantial slowdown in economic activity around the world. You even had a negative quarter in Germany, you saw softness in Italy, and you had Brexit, which continues to hang over the European outlook.Last year we were talking about, “Wow, when would other central banks follow the Fed and start tightening policy, or at least stop expanding their balance sheets.” By this spring, it had become a different world, and the European Central Bank has moved away from any loosening or any tightening. You still have negative rates across many bond markets, and in the short term, a number of central banks with negative interest rates. They are finding that that’s not stimulating growth in Japan or in Europe the way they’d hoped for. The U.S. economy has been, by far, the bright star in the global economy.How does that play back into the U.S. housing market? Part of the reason we’ve had the decline in mortgage rates since October is the global slowdown meant that the yield on 10-year government bond rates around the world have come down. The U.S. remains the highest yielding of all the major bond markets. So, as rates decline around the world, the U.S. bond market becomes very attractive and rates follow the rest of the world down. The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Related Articles Servicers Navigate the Post-Pandemic World 2 days agocenter_img Ask the Economist Economist Economy 2019-07-25 Seth Welborn Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: The Industry Pulse: Updates on Optimal Blue, LenderClose, and More Next: The Week Ahead: Will the Fed Reduce Rates? Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Ask the Economist: First-Time Buyer Misconceptions and the Global Economy The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Ask the Economist Economist Economy Subscribelast_img read more

first_imgPlaying in their second national championship game in as many years, the Notre Dame women’s basketball team ended their otherwise stellar season with a disappointing 80-61 loss to Baylor in Denver on Tuesday evening. To rally student and community support for the Irish, the Student Activities Office, the Leprechaun Legion and the Athletics Department hosted a game watch at Purcell Pavilion. Leprechaun Legion president Matthew Cunningham said the goal of the event was to show support for the team even though the game took place halfway across the country. “Our whole goal [as an organization] is to get people to go to games and support the teams, so this event helped support the team because not many people could make it to Denver,” he said. Legion executive vice president Kristen Stoutenburgh said the student turnout was impressive. Joyce Center officials said 1,038 people attended the game watch in Purcell. “We are so pleased with the turnout,” Stoutenburgh said. “We really didn’t know what to expect, especially with the short amount of time.” At last year’s national championship game in Indianapolis, Saint Mary’s junior Heidi Ryan accompanied the team as a member of the band’s drumline. She said attending the game watch in Purcell was much different from attending the actual game in person. “The crowd was more lively in Indianapolis, but we were actually there with the players,” she said. “With us not being there, they can’t hear the fans and they can’t see us supporting them. I just with I could tell them we’re behind the team.” Despite the Irish loss, Ryan said she would not have missed the game watch for anything. “I have so much work to do, but I though this was a really good idea and a way to experience the game that was better than just being in my room alone and screaming like a maniac,” she said. Sophomore Tom McGuire said the Irish women still had a great season, even though it ended on a note of defeat. “It was rough coming in [and then losing], hoping to win the national title, especially after last year,” he said. “They were a tough team to beat, but we still had a fantastic season.” South Bend resident and Irish fan Cathy Hall said she heard about the Purcell game watch on Facebook and decided to attend to unite with the Notre Dame fan community in support of the team. “I’m a huge fan and I have been for 14 years,” she said. “I have so much respect for this team and it has been a joy to watch them this year.” Hall said she is proud of the team’s efforts throughout the entire season. “I am so grateful they are all such wonderful human beings, besides such great athletes,” she said. Sophomore Tim Kenney said he was disappointed by the game’s outcome but still took pride in the team’s accomplishments this season. “We tried hard and we got into foul trouble early, and [Baylor center] Brittney Griner is a great athlete,” he said. ” But I’m still proud of our success; we have talents as a team and [Irish coach] Muffet [McGraw] really knows how to coach.” Sophomore Brian Scully said he was also saddened by the loss, but he focused more on Notre Dame’s excellent run in the NCAA tournament. “Really, we need to look at how we got here,” he said. “It’s still been a great trip and tonight’s event reminded me of how much community Notre Dame really has. It was great support tonight.”last_img read more

first_img Economy,  Español,  Press Release A medida que los residentes de Pennsylvania continúan su lucha contra los riesgos para la salud debido a la COVID-19, el Gobernador Tom Wolf hace un llamamiento a la Asamblea General para que apruebe una legislación sobre licencia por enfermedad y licencia familiar pagadas para los trabajadores que necesitan faltar al trabajo por enfermedad o para cuidar a un ser querido.“Los habitantes de Pennsylvania trabajan duro, especialmente durante esta pandemia, y no deberían tener que elegir entre perder un día de paga o ir a trabajar enfermos”, dijo el Gobernador Wolf. “Es hora de que la Asamblea General defienda a los trabajadores de Pennsylvania y proteja la salud de todos los habitantes del estado”.La licencia por enfermedad pagada se puede usar para recuperarse de una enfermedad, como de la COVID-19, para acudir a consultas médicas, para cuidar a un integrante de la familia o para buscar ayuda en caso de abuso o violencia.“Los trabajadores de Pennsylvania han esperado demasiado y la pandemia ha hecho que la necesidad de contar con una licencia por enfermedad pagada sea más urgente”, dijo el Gobernador Wolf. “Todos los empleados deben tener lugares de trabajo saludables y seguros. Hay muchos proyectos de ley sobre licencia por enfermedad y licencia familiar pagadas en la legislatura, y estoy comprometido a trabajar con la Asamblea General para que finalmente los trabajadores obtengan la licencia pagada que se merecen”.La promulgación de una ley de licencia por enfermedad pagada ayudaría estimativamente a unos 400,000 habitantes de Pennsylvania, en particular a los trabajadores con salarios bajos que se ven forzados a trabajar cuando están enfermos, poniendo en riesgo su salud y la de los empleados y clientes que los rodean. La licencia por enfermedad pagada mejoraría la salud pública y ayudaría a evitar que más personas se enfermen.El Gobernador participó en una conferencia de prensa en “andculture”, una empresa de diseño de Harrisburg que apoya la licencia por enfermedad pagada, y fue acompañado por los Senadores Vincent Hughes, Maria Collett y Pam Iovino y los Representantes Mike Schlossberg y Steve Malagari.“Los trabajadores merecen una licencia por enfermedad pagada por el empleador para que puedan ocuparse de la salud y el bienestar de ellos mismos o de sus familias cuando sea necesario”, dijo el Senador Vincent Hughes. “Ya sea que estemos en una pandemia o trabajemos de manera normal, la falta de licencia por enfermedad pagada es un factor de estrés tremendo para nuestros trabajadores de bajos ingresos, nuestro sistema de atención médica y la salud pública en general. La licencia por enfermedad pagada por el empleador ya está funcionando en Philadelphia y Pittsburgh. La Asamblea General debe priorizar la protección de cientos de miles de residentes de Pennsylvania de bajos ingresos que se benefician de la adopción de la licencia por enfermedad pagada en todo el estado”.“Incluso antes del impacto de la COVID-19, las familias de Pennsylvania estaban en problemas”, dijo la Senadora Maria Collett. “Como patrocinadora principal del Proyecto de ley 580 del Senado, la Ley de Cuidado Familiar, me dolía saber que más del 80% de los arduos trabajadores de Pennsylvania no tenían ningún tipo de licencia pagada para cuidar de ellos mismos o de un ser querido enfermo sin temor a perder sus trabajos. Durante los últimos meses, hemos estado colocando banditas en las heridas de bala para ayudar a las familias y las pequeñas empresas a intentar sobrevivir. Pero se requieren cambios más grandes y sistémicos, y me alegra ver que el Gobernador Wolf refuerza y apoya programas como las licencias pagadas que cuentan con un amplio apoyo y están muy demoradas”.El Representante Mike Schlossberg agregó: “Hemos oído hablar mucho sobre los trabajadores esenciales en los últimos seis meses. Quienes se oponen a la licencia por enfermedad sostendrán que todo trabajador es esencial. Se trata de un argumento perfectamente válido si está respaldado por una política. No se puede decirle a un trabajador que es esencial y luego decirle que su salud es irrelevante”.“Ningún empleado debería tener que elegir entre cuidar a un familiar enfermo y mantener su trabajo; y ningún empleador debería tener que elegir entre la salud de su empresa y la lealtad hacia sus trabajadores”, dijo la Senadora Pam Iovino. “Eso era cierto antes de la pandemia, pero ahora, mientras las familias trabajadoras y las empresas en mi distrito y en todo Pennsylvania perseveran en este reto, la licencia familiar pagada se ha convertido en una necesidad absoluta para la salud de nuestras familias y nuestra economía. Estoy comprometido a trabajar con mis colegas para elaborar un proyecto de ley bipartidista que llegue al escritorio del Gobernador Wolf”.“La licencia familiar y por enfermedad pagada brinda estabilidad y tranquilidad tanto a las empresas como a las familias trabajadoras, especialmente en momentos de incertidumbre”, dijo el Representante Steve Malagari. “La licencia pagada reduce la rotación de personal y tiene sentido financiero para las empresas. Si realmente quiere apoyar los valores de la familia, y si quiere apoyar nuestra economía, entonces necesita apoyar la licencia pagada para nuestras familias trabajadoras”.Ocho estados y Washington D.C. han aprobado legislación para crear programas de seguro de licencia familiar y médica pagadas. La pérdida de la productividad en la economía de los Estados Unidos debido a enfermedades en el lugar de trabajo es de $160 mil millones de dólares anuales, principalmente debido a que los empleados van a trabajar cuando están enfermos, indica Main Street Alliance. Se estima que se gastan $1 mil millones de dólares en costos de atención médica debido a la falta de días pagados de licencia por enfermedad, concluyó Alliance.Hoy, el Gobernador también anunció que la nueva política de licencia familiar pagada del estado entrará en vigencia el 15 de octubre. Los empleados del estado serán elegibles para gozar de hasta seis semanas de licencia familiar remunerada para cuidar a un niño después del nacimiento, la adopción o colocación en cuidado tutelar. Esta nueva política está separada de cualquier otra licencia acumulada por enfermedad o licencia pagada que el empleado pueda haber tenido.Ampliar las oportunidades para que los nuevos padres pasen tiempo con sus hijos después del nacimiento, la adopción o el cuidado tutelar ayuda a desarrollar conexiones y fortalecer a las familias, lo cual es crucial para la salud y el desarrollo.La licencia familiar también ayuda a cerrar la brecha con los programas de cuidado infantil que a menudo requieren que los recién nacidos tengan al menos seis semanas para inscribirse. Si los padres tienen licencia familiar pagada, pueden pasar tiempo con su bebé sin tener que preocuparse por el cheque de pago. La licencia familiar pagada también es un beneficio valioso para atraer nuevos empleados y alentar a los empleados con experiencia a regresar al trabajo y retomar sus carreras luego de la llegada de un nuevo hijo a la familia.View this information in English. SHARE Email Facebook Twitter August 31, 2020center_img El Gobernador Wolf pide licencia por enfermedad y licencia familiar pagadas para los trabajadoreslast_img read more

first_img Share StumbleUpon Alberto Alfieri: Leading the way for Gamingtec’s B2C growth August 25, 2020 Related Articles Winamax maintains Granada CF sponsorship despite bleak Spanish outlook August 19, 2020 Andrea Vota – Jdigital’s challenge of Spanish restrictions is led by logic and rationale August 13, 2020 Submit Share In defiance of the increasingly stern orders from the Spanish government, the campaign for a Catalonian independence referendum continues to gather momentum. Located in the northeast of Spain with a population of 7.5 million and accounting for roughly 20% 0f Spain’s current GDP, the Catalonia province not only has its own language and culture, but it also has a longstanding history of campaigning to become an independent state. Led by Catalonia President Carles Puigdemont, the province plans to host a self-determination referendum on 1 October.In spite of Spanish Prime Minister Mariano Rajoy stating that he will “do whatever is needed, without relinquishing power” to stop the referendum taking place, separatist campaigners have persisted to give out ballot papers, remaining defiant that the referendum will go ahead on Sunday.The Spanish government and High Court judges have ruled that the Catalan government has breached its national constitution by calling a referendum. Whatever the outcome (should voting go ahead) Spain will veto the referendum’s decision.Currently, the ‘uncertainty’ around the vote and ‘what conditions it will take place under’ mean the referendum isn’t anticipated to be a major betting event. However, Ladbrokes and Coral have priced up the outcome of the controversial ballot, should it take place. Matthew Shaddick head of political betting at Ladbrokes told SBC: “When we first issued odds back in July, we made a YES vote the 2/5 favourite, which implied it would have about a 75% chance of passing. YES is now a 1/16 shot, making it more like a 95% chance of winning. So, it doesn’t look all that competitive.”last_img read more

first_imgRED BANK – Monmouth County will begin on or about April 1 a project to replace the bridge deck on the Newman Springs Road bridge (S-16) over the Swimming River just east of the Garden State Parkway.The bridge will remain open to vehicular traffic throughout the project, but motorists should expect delays and plan alternate routes.To complete the repair work and to continue to accommodate vehicle traffic on the busy stretch of road, the twin two-lane bridges will be reduced to two lanes, one westbound and one eastbound, during the entire eight month construction period. There will also be no access for pedestrians on the bridge during the eight-month project.“Deterioration of the bridge surface over the past four decades has significantly advanced to the point that the entire deck needs to be replaced,” Freeholder Director Thomas A. Arnone said. “While the work is critical, we know that it is not practical to take this bridge out of use or create an effective detour.”The existing concrete decks on both bridges will be completely removed and in their places will be new concrete decks of the same dimensions. Work will also be completed on each of the bridge approaches as well as the curbs and the sidewalks. When finished, all work will meet current design standards.The project is expected to conclude in late November, weather permitting.“The replacement work will extend the usable life of this 42-year-old bridge,” Arnone said. “This bridge is an important link that connects Red Bank and Tinton Falls to Middletown.”The work will be conducted by Rencor, Inc. of Somerville for a total contract amount of $2,114,109. The state’s Transportation Trust Fund is providing the funding for the project.last_img read more

first_imgNelson Youth Soccer will be holding its Annual General Meeting at 7 p.m. Wednesday (October 12) at the Baker Street Best Western. This is a great chance for coaches and parents to shape the future of Nelson Youth Soccer.The season recently concluded with the final set of playoffs in the house leagues.For more information contact Sveta Tisma, executive director, at 250-551-6972All members of the public are welcome to attend, but only members will have voting rights.last_img

first_imgA bandit is now in Police custody after he was caught by residents of Uitvlugt, West Coast Demerara (WCD) while attempting to burglarise the home of an elderly couple.The man was caught around 21:30h attempting to enter the house of Edward and Cheryl Jones.Reports reaching Guyana Times indicate that the suspect entered the elderly couple’s house through the back door, which was left opened.However, unaware that the couple, who lived alone, had a visitor, the man sneaked in but was confronted by the couple’s grandson.The grandson, Nigel Jones, 23, raised an alarm alerting residents to the thief.Neighbours, who heard the commotion, responded and caught the bandit as he was attempting to run out of the elderly couple’s yard. Residents gave him a sound thrashing before calling the Police.According to Jones, he was making a late night snack when he saw the back door to the house being opened.“So I got frighten because I didn’t know if it was like a gang with guns and so I hide but I could still see the door, by the time duh I see he face. I know he from long, since I used to live here (Uitvlugt), so I just confront he and he run but I call out quick and so neighbour them come out and attack he,” the couple’s grandson stated.He recounted that he was relieved that he spent the night at his grandparents’ house since the situation could have been a tragedy had he not been there.“He know them live here alone so he probably think that he could have come in steal and get out but my grandfather is a man he would’ve confronted him and something bad could have happened, so I feel good that I was over here,” Jones explained.The suspect is presently in Police custody and being processed for court.last_img read more

first_imgBank delays are affecting many people who were expecting wages and social welfare payments in their accounts today.The reason for the delay has been pinned on the May Day bank holiday in Europe yesterday. While the 1st of May was not a bank holiday in Ireland this year, it was in many other countries across the continent. As a result, electronic Euro payments were stopped for the day. Thousands of Irish people were left wondering about their payments this morning, but banks have assured customers that the transactions will be processed later in the day.Bank of Ireland issued a statement on social media saying: “Wednesday the 1st of May 2019 is a European Bank holiday known as May Day. No Euro payments can be made between banks on this day. SEPA Direct Debits will not be processed on May 1st, they will be processed on May 2nd after all credits have applied to customer accounts.”Due to the European Bank Holiday yesterday, there is a slight delay in incoming payments this morning. Any payments due into customers’ accounts will be applied throughout the day. Please continue to monitor your account. Thanks for your patience— AIB Customer Support (@AskAIB) May 2, 2019Ulster Bank said they are aware of the delays and expect the payments to credit at some stage this morning. They tweeted: “We’re aware of some delays with credits being received due to the bank holiday and expect these to credit this morning.”Another customer was told after 10am: “We’ve had confirmation that all credits have now been applied now so any that were due to credit today have now credited.”Thousands hit by wages and social welfare payment delays was last modified: May 2nd, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

first_imgThe head-shaking saga of the Marinovich family is reaching its concluding chapters. And it’s predictably depressing.A short primer: Marv Marinovich, a two-way lineman at USC in the early 1960s who played one game for the Oakland Raiders in 1965, set about building son Todd into the ultimate athlete, a perfectly engineered quarterback. A trainer (Marv worked for the Raiders after his cameo as a player), he combined his vast expertise and radical practices and turned Todd into what some called a …last_img read more

first_imgShare Facebook Twitter Google + LinkedIn Pinterest It seems that over the past few years when it comes to the corn and soybean crops, Ohio has been no stranger to variation. Bill Mullen with Seed Consultants says that variation will also be seen within the field this year and much of it will depend on soil types and hybrid selection. He suggests that farmers need to check out their fields to see if an early harvest will be necessary.last_img