Where There’s Smoking Demand, There’s Defect Risk Fire

first_img  Print This Post The Best Markets For Residential Property Investors 2 days ago Where There’s Smoking Demand, There’s Defect Risk Fire About Author: Brianna Gilpin Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Where There’s Smoking Demand, There’s Defect Risk Fire The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago 2017-06-28 Brianna Gilpin Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago June 28, 2017 1,074 Views Related Articles The May 2017 Index reveals an increase in frequency of defects, fraudulence, and misrepresentation in the information submitted in mortgage loan applications by 2.5 percent, compared to April 2017.According to a report by First American, the index estimates the level of defects in submitted mortgage loan applications processed by the First American’s FraudGuard system. The findings are determined based on the frequency that defect indicators are identified. The Defect Index moves higher as greater numbers of defect indicators are found—increases representing a rising level of loan application defects.The Defect Index increased by 13.7 percent since last year. Refinance transactions increased by 3 percent month-over-month with a 9.7 percent increase and purchase transactions rose 11.1 percent in the same time frame.Mark Fleming, First American’s Chief Economist said the Loan Application Defect Index is now reaching levels of risk not seen since 2015.“While risk is growing in both purchase and refinance transactions,” Fleming said, “it’s important to recognize that loan application defect, fraud, and misrepresentation risk remains below the peak reached in 2013.”Fleming said the purchase transaction risk is 13 percent below the peak and refinance transaction risk is 32 percent below.”The purchase-pivot in the housing market continues to add fuel to the fire of the overall level of application, defect, and fraud risk,” Fleming said.According to Fleming, this Loan Application Defect Risk is creating a “heat wave” that is destroying several Southern markets.McAllen, Texas ranked first followed by Charleston, South Carolina; Birmingham, Alabama; Knoxville, Tennessee; and Augusta, Georgia. Fleming calls these cities “hot spots” for loan defect risk getting “hotter,” as the risk in these markets is increasing significantly.The defect risk in each market has increased by a minimum of 10 percent in the past year, and southern markets are experiencing some of the strongest growth in housing demand as people seek the lower cost of living compared to northeastern and western markets, according to Fleming.“Where there’s smoking demand, the flames of defect risk typically follow,” Fleming said.According to First American, the next release of the Loan Application Defect Index will be posted the week of July 24, 2017. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Previous: Lowest Home Appreciation in the U.S. Next: The Psychology Behind Why People Buy, And Where The Best Markets For Residential Property Investors 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribelast_img read more

Historic home on the market for the first time

first_img20 Stanton Tce, North Ward.A 1930s North Ward home has hit the market for the first time after being handed down through the same family for generations.20 Stanton Tce, North Ward, is on the side of Castle Hill and will go to auction on Tuesday, September 18.It has three bedrooms, one bathroom and a car space and is on a 1012sq m block.Carmel Store, who owns the home along with several family members, said they thought her grandfather, who was a carpenter, either built or helped build the home in the late 1930s.He lived there with his wife, Ms Store’s grandmother, before he tragically died in a railway accident in 1943. 20 Stanton Tce, North Ward.The house will be sold under the hammer on September 18 at 6pm at Keyes & Co Property, 505 Flinders St, Townsville. It will be open for inspection on Saturday from 11am-11.30am. For more details call Tess Sellwood on 0439 793 559. 20 Stanton Tce, North Ward.Ms Store said after the passing of both her parents it was decided that now was the time to sell, closing a chapter in their family history.The house is in a sought-after position and has huge potential. There is an open plan living and dining area in the middle of the home while the covered front patio has ocean views.Keyes & Co Property selling agent Tess Sellwood said the home was positioned in a capital growth location.“It has incredible potential to either redevelop the 1012sq m block or renovate the existing dwelling,” she said. “Further ocean views could also be gained from a second storey.“It’s so exciting to help a well known Townsville family close an integral chapter of their family history.”center_img Ms Store’s parents Dulcie and Ray Wilson pictured outside 20 Stanton Tce, North Ward in 1946.Eventually the home was handed down to Ms Store’s parents and she spent her childhood in the home.“It was a great place to grow up and, of course, Castle Hill was very different in those days and the house was different as well,” she said.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“It was a worker’s cottage back then and it had stairs that ran up the front of the house and there was a wood-fired stove in the kitchen.“We used to play on the hill and there was a river next to us that was really more like a creek but there were enough holes that would collect a fair bit of water so we could have a swim.“It was a very happy home.”last_img read more

As Syracuse advances deeper into the NCAA Tournament, will Syracuse win a national championship?

first_img Published on March 24, 2010 at 12:00 pm Comments Remember that time Syracuse was playing Gonzaga and the feisty Bulldog attack was supposed to expose a planet-sized hole in the Orange’s game plan after Rick Jackson committed his third foul?  Yeah, me neither.The truth is, Syracuse chugged along Saturday with its biggest weakness exposed, flapping behind it like a loose bumper on the highway, begging for the well-equipped Zags to take a stab at it. And 30 minutes later, Wes Johnson and company were still rolling, ignoring the ‘check engine’ light and plowing through their second-round matchup. It should have been a distraction, or at least a bump along the way, but the Orange ended up winning the game by 22 — the Bulldogs just another blurry vision in the rearview mirror.It has been the same story all year. We all thought Syracuse would eventually slip up. It never did. AdvertisementThis is placeholder textIt’s that kind of resilience that shows why Syracuse will win the national championship. ‘We took it amongst ourselves to go out there and play hard,’ Johnson said. ‘We’re coming off the two-game losing streak and winning the previous game with Vermont. We came here and played our game of basketball. That was the main thing we were trying to do.’ The story last Sunday was supposed to be about life without injured center Arinze Onuaku and moving on without the ‘seven-starter’ rotation that had gotten Syracuse to the Big Dance in the first place. But by day’s end, all the chatter was about how dynamic Johnson played, how freshman point guard Brandon Triche appears more confident than ever, and how Andy Rautins continues to keep his team humble and emotionally under control. The game showed that Syracuse wasn’t mired in a funk following the Big East tournament, just as it showed that SU wasn’t just a polished clunker with no horsepower like some of its conference counterparts. ‘Syracuse basketball is about being ready to play and being consistent,’ SU head coach Jim Boeheim said. ‘We’re usually ready to play.’It has gotten to the point where this isn’t really that much of a bold statement. Forget Bracketology, how Syracuse fares against mid-majors or its record west of the Mississippi.The reason Syracuse is primed for a national championship is because of moments like the ones Sunday against Gonzaga. It has been right in front of our eyes the whole time. Throughout the season, there were a million occurrences when the Orange was expected to fail and it proved everybody wrong. North Carolina was supposed to be too tall, too physical for Syracuse in November. Cornell was pegged as the quintessential trap game, the ideal opportunity for SU to come crashing back down to earth before the conference schedule started. With a banged-up Johnson, Syracuse was supposed to struggle against Villanova in front of a sold-out Dome, just like it was against Georgetown down in D.C. And when facing Gonzaga, the Orange was supposed to struggle without one half of its two-headed frontcourt monster. The team has been hearing these doubts, these second guesses since Midnight Madness, and it’s getting to the point where Syracuse deserves the benefit of the doubt. If there’s a leak in the frontcourt, it’s more than likely they’ll fix it. If the opposition has better guard play, chances are SU will be able to game plan around it. It’s the same thing the team’s been doing all year. ‘We try to play with a chip on our shoulder whenever we go out there,’ sophomore guard Scoop Jardine said. ‘It was a team that was doubted in the beginning of the year. Every time we go out there we try to take it one game at a time and play Syracuse basketball. ‘Coming into the Tournament, we had lost two games straight. People kind of turned their heads. Then we lost Arinze Onuaku. We knew it was a good team all year and we could stick together and just play basketball.’And now, as Syracuse begins the final drive toward another Final Four, there’s going to be a whole new set of doubts and concerns. What will SU do if Butler gets red hot from beyond the 3-point arc? How will it contain Kansas State’s Jacob Pullen in the Elite Eight? Will Evan Turner or John Wall take over and crush the dream in Indianapolis? At this point, we might now know a little better. Think about the last time you doubted Syracuse this season and remember what happened. Odds will say 30 out of 34 times you were better off ignoring it and trusting in the team that has defied all of our expectations. Conor Orr is the sports editor at The Daily Orange, where his column appears occasionally. He can be reached at [email protected]center_img Facebook Twitter Google+last_img read more