Gaps in Mortgage Payment Ability

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Gaps in Mortgage Payment Ability 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. in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Previous: Veteran Owned Financial Services Company Launches Next: CFPB Releases LIBOR Transition Rules Tagged with: default HOUSING Race The Best Markets For Residential Property Investors 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Gaps in Mortgage Payment Ability Related Articles default HOUSING Race 2020-06-04 Seth Welborncenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily About Author: Seth Welborn The Week Ahead: Nearing the Forbearance Exit 2 days ago Analyzing data from the Census Bureau Household Pulse Survey, the Urban Institute identified how black homeowners were more likely to miss or defer mortgage payments in May and reported higher uncertainty for June payments.The Pulse survey also reveals significant differences in ability to pay mortgages this month and who expects to be able to pay next month. Among people with mortgages, 28% of Black homeowners did not pay or deferred their mortgage in May, compared with only 9% of white homeowners. Latino and Asian American homeowners with mortgages paid this month at rates of 15% and 11%, respectively.The prospects for June look a bit different, Urban notes. Black and latino homeowners with mortgages expressed similar rates of concern about paying their mortgages—27% and 25%, respectively, had slight or no confidence—compared with only 10 percent of whites. Asian American homeowners were more concerned about paying their mortgages than a month ago: 18 percent had slight or no confidence.”As these data suggest, the policy and programmatic responses to the COVID-19 crisis and its impact on housing stability cannot take a one-size-fits-all approach; rather we need race-conscious interventions that address the needs of renters and homeowners of color. In addition, policy solutions should focus on meeting the needs of lower-income renters who faced housing instability before the crisis began and now face the greatest risk of eviction,” said Urban researchers.Urban researchers suggest dramatically scaling up housing counseling, mediation, and loss mitigation programs to ensure borrowers have safe and affordable options for exiting those forbearance plans and do not face penalties or adverse outcomes as they work to get back on solid financial footing. Programs must remain focused on keeping people in their homes and avoiding a new wave of defaults and foreclosures, which would create a housing market crash a few months from now. Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago June 4, 2020 1,242 Views The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

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Industry views sought on bakery apprenticeships

first_imgThe National Bakery School at London South Bank University is consulting with the industry on new apprenticeship standards.The university wants to find out from employers whether there is demand for a new apprenticeship standard for ‘Baker’ (Level 2) and ‘Advanced Baker’ (Level 3) to help address the industry skills shortage.David Hall, managing director of The London Bread & Cake Company, said employers in the sector were spending more than £6m a year, mainly on recruitment, in an effort to combat the problem.Hall, who supports the new apprenticeship standards, said these would be part of a solution to the skills gap problem, by helping employers reduce spend in the long-term and providing support for recruiting new talent to the sector.Founded in 1894, The National Bakery School is described as the oldest bakery school in the world and is celebrating its 125th anniversary this year.“LSBU’s National School of Bakery is an institution with a proud 125-year history of training bakers for the baking and hospitality sector, while working with employers to seek their views on shaping the delivery of bakery standards/programmes,” said National Bakery School course director Elaine Thomson.“We are keen to sound out the sector’s views, to establish the likely level of demand for these standards while obtaining industry guidance concerning the best delivery method available.”Businesses can give their views on the apprenticeship standards here.Last year, Cornish businesses partnered with Truro and Penwith College to design the Craft Baker (Level 2) Apprenticeship Standard.last_img read more

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