Coronavirus mortgage bailouts fall below 3 million

The number of mortgages whose payment requirements have been suspended because of the coronavirus plunged in the past week, as the first group of loans hit the end of their six-month term.

It was the largest decline since the crisis began.

Over the past week, active forbearances dropped by 649,000, or 18%, according to Black Knight, a mortgage technology and data analytics firm. That brings the total number of plans, both government and private sector, below 3 million for the first time since April. In addition, the decline was noticeably larger than the drop of 435,000 when the first wave of forbearances hit the three-month mark in early July.

As of Oct. 6, 2.97 million homeowners remain in pandemic-related forbearance plans, or 5.6% of all active mortgages, down from 6.8% the previous week. The loans represent collectively $614 billion in unpaid principal.

These plans allow borrowers to delay their monthly

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Coronavirus mortgage bailouts fall below 3 million in pandemic’s sharpest decline

  • The number of mortgages in active pandemic-related bailouts plunged as the first wave of forbearance plans hit the end of their six-month term.
  • Over the past week, active forbearances dropped by 649,000, or 18%, according to Black Knight, a mortgage technology and data analytics firm.
  • That brings the total number of plans below 3 million for the first time since April.
  • As of Oct. 6, 2.97 million homeowners remain in pandemic-related forbearance plans, or 5.6% of all active mortgages, down from 6.8% the previous week.



a large brick building with grass in front of a house: Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois.


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Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois.

The number of mortgages in active pandemic-related bailouts plunged in the past week as the first wave of forbearance plans hit the end of their six-month term.

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It was the largest decline since the crisis began.

Over the past week, active forbearances dropped by

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Australia should brace for a wave of business failures and growing mortgage stress, the RBA warns, as support measures fall away


Australia’s central bank expects the number of small business failures will “rise substantially” as income and loan pressure builds.

With income support measures and more than $200 billion in loan deferrals set to expire, the Reserve Bank of Australia (RBA) says between 10% and 15% of businesses in hard-hit sectors won’t make it as they run out of cash.

“These businesses are in a tenuous position and are particularly vulnerable to a further deterioration in trading conditions or the removal of support measures,” the RBA wrote in its Financial Stability Review published on Friday.

“Survey evidence indicates that about one-quarter of small businesses currently receiving income support would close if the support measures were removed now, before an improvement in trading conditions.”

While the RBA acknowledged there was “a high degree of uncertainty about the magnitude and timing” of those failures, the prognosis doesn’t look good.

For one, the number

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KB Home Increases Quarterly Dividend

Company Raises Quarterly Cash Dividend 67% to $.15 Per Share

KB Home (NYSE: KBH) today announced that its Board of Directors approved an increase in the Company’s quarterly cash dividend on its common stock to $.15 per share from $.09 per share. This 67% increase raises the Company’s annual dividend rate to $.60 per share from the previous rate of $.36 per share, representing a yield of approximately 1.5%, based on the closing price of the Company’s common stock on October 8, 2020.

In addition, the Board of Directors declared the next quarterly cash dividend, at the $.15 per share rate, will be payable on November 26, 2020 to stockholders of record on November 12, 2020.

“As we have become a larger and more profitable company, generating significantly higher operating cash flow, our Board approved a meaningful increase in our cash dividend for the second consecutive year. We are managing

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Smart Home Appliances Market Is Reaching A Value Worth $92.72 Billion By 2027 | Grand View Research, Inc – Press Release

“Grand View Research, Inc. – Market Research And Consulting.”

According to report published by Grand View Research, the global smart home appliances market size was valued at USD 32.30 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.1% from 2020 to 2027.

The global smart home appliances market worth USD 92.72 billion by 2027, at a CAGR of 14.1%, according to a new report by Grand View Research, Inc. Growing urbanization and demand for electrical appliances is likely to propel a huge demand in the upcoming years. In addition, increase in competition for manufacture of production of innovative home appliances is expected to play a pivotal role in shaping the market growth in the forthcoming years.

The demand for smart home appliances such as smart air purifiers, smart lights, smart washing machines, and others is likely to enhance the market growth. Rise

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My mom gave $250K to my aunt to buy a home. My aunt has a mild intellectual disability and I’m afraid someone will take advantage of her

My mom is divorced from my dad and received a substantial lump sum as a settlement. My dad was always the breadwinner and managed the majority of their finances, so my mom is not nearly as money-savvy.

Three years ago, my mom helped her sister, who is single, purchase a home. The home was $350,000, and another $50,000 was spent on renovations.

I was aware that my aunt contributed $100,000 to this purchase from the sale of her condo. My mom was covering the rest. The house was paid in full.

What I did not know was that my mom put the entire house in my aunt’s name. My aunt does have a will stating that upon her death the house will go to my mom (or her estate), and my mom is her power of attorney.

My concern is that there is no guarantee that the house returns to

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City of Longmont Ballot Question 3C: Water system improvements bonds

What it asks: Shall the City of Longmont be authorized to borrow up to $80,000,000 for the purpose of financing water system improvements, including but not limited to the Nelson Flanders Water Treatment Plant Expansion Project and replacement of aging water system infrastructure like treated water storage and raw and treated water transmission lines; and shall the borrowing be evidenced by bonds, loan agreements, or other financial obligations payable solely from the City’s water utility enterprise revenues and be issued at one time or in multiple series at a price above, below or equal to the principal amount of such borrowing and with such terms and conditions, including provisions for redemption prior to maturity with or without payment of premium, as the City may determine?

What it means: Longmont is asking voters’ authorization to sell up to $80 million in bonds — backed by a five-year schedule of water rates

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Orleans Parish property transfers, Sept. 7-11, 2020: See a list of home and other sales | Real Estate News

Below is a compilation of properties sold in Orleans Parish from Sept. 7-11. Data is compiled from public records.

New Orleans

District 1

Banks St. 4517: $355,000, Gayle Farrington and Larry Farrington to Amanda Elise Johns.

Baronne St. 339; Baronne St. 341: $1,775,000, Jon Vaccari Fleming and Stephen Fleming to Anvil South LLC.

Baudin St. 3916-18: $495,500, Pasadena Development Co. Inc. to John P. Moreci and Rebecca A. Moreci.

Baudin St. 4620: $575,000, Haley Goshert Sulser and Michael B. Sulser to David B. Akers and Rita Scheck Akers.

Coliseum St. 1765: $259,000, Louisiana Coastal VIII LLC to Joseph W. Lewis IV and Monica Stewart Lewis.

Coliseum St. 1765: $319,000, Louisiana Coastal Viii LLC to Debra M. Hensley and Phyllis M. Guedry.

Constance St. 1339 – 1341: $727,000, Lauren Ashley Owens Libby, Robert S. Libby and Russell P. Libby to Austin Durant Mozee Carr and Erica Grubbs Carr.

Magazine St. 1552-54:

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Home sales in Q3 2020 rise 2.5 times, launches surge 4.5 times: Knight Frank India



a tall building in a city: Home sales in Q3 2020 rise 2.5 times, launches surge 4.5 times: Knight Frank India


© Vandana Ramnani
Home sales in Q3 2020 rise 2.5 times, launches surge 4.5 times: Knight Frank India

Despite the COVID-19 pandemic, home sales volume jumped by 2.5 times to 33,403 units in the third quarter of 2020 compared to 9,632 in the second quarter of 2020. New residential unit launches increased by 4.5 times to 31,106 units in third quarter, compared to 5,584 units in the previous quarter, a Knight Frank India report has said.

Sales saw an uptick in the third quarter of 2020 over the preceding quarter on account of innovative schemes offered by real estate developers. These included financial benefits, discounts and easy payment options to attract buyers during the period of lockdown. Developers were also able to garner buyer interest through active usage of digital platforms during this period to engage with customers.

Lower home loan interest rate also supported pick-up in residential sales. The

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Business News | Stock and Share Market News


By

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