How Many Americans Cite Housing as Primary Debt Driver?

first_img February 26, 2020 1,195 Views The Best Markets For Residential Property Investors 2 days ago 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 About Author: Krista F. Brock Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. How Many Americans Cite Housing as Primary Debt Driver? in Daily Dose, Featured, Market Studies, News housing debt 2020-02-26 Mike Albanese Related Articlescenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Home / Daily Dose / How Many Americans Cite Housing as Primary Debt Driver? The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Tagged with: housing debt Data Provider Black Knight to Acquire Top of Mind 2 days ago Only about 11% of Americans have no consumer debt, which encompasses credit card debt and medical bills, according to a survey from Discover. This does not factor in mortgage debt or auto loan debt. Another 10% have less than $1,000. While mortgage debt specifically is not counted as “consumer debt,” about 14% of survey respondents said buying a home, leasing a home, or repairing their home was their No. 1 reason for acquiring consumer debt. Nearly 50% of Americans carry between $1,000 and $20,000 in consumer debt. When asked what was the No. 1 reason for acquiring debt, medical expenses took the lead with 23.5% of survey respondents citing this as their top reason. Student loans were the next highest culprit with 15.3% of respondents saying this was the No. 1 reason for their debt. While a majority of Americans carry debt, a large percentage of them report feeling burdened by their debt, according to a recent article in MReport. About 60% of Americans feel burdened by their debt, but only 12.4% said their mortgage debt was their biggest burden, according to a survey from LendingTree. Instead of worrying about mortgage debt, which consumers view as contributing to their financial future, consumers tended to worry about credit card debt. That’s despite the fact that mortgage debt tends to make up the largest percentage of debt for Americans. This concern may be founded. Credit card delinquencies “have steadily risen since 2016, notably among younger borrowers,” said Wilbert Van Der Klaauw, SVP of the New York Fed earlier this month with the release of the New York Fed’s quarterly Household Debt and Credit Report. Almost 14% of survey respondents told Discover they believe they will be debt-free in less than one year, and the majority—nearly 60%—believe they will be out of debt in at most five years. The New York Fed reported that household debt has been on the rise for 27 consecutive quarters, rising to $14.15 trillion in Q4 2019. However, about 17% of people feel their debt is seemingly hopeless, telling Discover they don’t think they’ll ever get out of debt. Mortgage originations rose 42% in Q4 2019, reaching $752 billion, which the New York Fed reported as the highest mortgage loan origination volume reported since Q4 2005.  Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: A Look Back at Real Estate Performance Next: Top Markets for REO ‘Fix-and-Flip’ Buyerslast_img read more

Allahabad High Court Seeks Response Of UP Govt & NHAI On Compensation Of Trees Cut For Road Development Activities

first_imgNews UpdatesAllahabad High Court Seeks Response Of UP Govt & NHAI On Compensation Of Trees Cut For Road Development Activities Akshita Saxena20 Jan 2021 1:54 AMShare This – xThe Allahabad High Court has sought the responses of the UP Government and the National Highways Authority of India (NHAI) on a PIL seeking minimum cutting of trees during development activities being carried out in the State’s capital and nearby cities. A Division Bench comprising of Chief Justice Govind Mathur and Justice Saurabh Shyam Shamshery was presiding over a PIL filed by…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Allahabad High Court has sought the responses of the UP Government and the National Highways Authority of India (NHAI) on a PIL seeking minimum cutting of trees during development activities being carried out in the State’s capital and nearby cities. A Division Bench comprising of Chief Justice Govind Mathur and Justice Saurabh Shyam Shamshery was presiding over a PIL filed by some law students, stating that for development in the city of Prayagraj and nearby areas, trees coming in the way of widening of road and development of area are being cut. The matter assumes significance in context of the recent remarks made by the Chief Justice of India SA Bobde in another case pertaining to the UP Government, that instead of felling trees in the name of development, roads should be designed to turn around the trees. “The only effect that is likely if the trees are retained would be roads which may not be straight and therefore capable of high-speed traffic. Such an effect may not necessarily be deleterious since high-speeds on highways are known to cause accidents”, the CJI contemplated. ‘Why Can’t Road Take A Turn Around A Tree?’ Asks CJI On Plea To Cut Trees For Road Development He also told the authorities to evaluate the value of trees by taking into account the amount of oxygen that the trees would have produced in their remaining life span. In the case at hand, the Petitioners had urged the Court to direct that the District Magistrate may not grant permission to cut the trees until preparation of a proper scheme. They sought that the trees coming in the way of such roads be replanted by applying the technique. Inter alia, they sought compliance of the Supreme Court’s directions in TN Godavarman Thirumulpad v. Union of India & Ors., (2013)11 SCC 466, for plantation of twice the number of trees, for every tree uprooted or cut. In December last year, the High Court had directed the Respondents to submit a detailed report of all the roads going from Prayagraj to other cities. “Whether it is National Highway or the State Highway to indicate as to how many plants/trees have been planted both side of the road or the plants on the divider because with the development, the compliance of the judgment is mandatory to maintain the ecology in the area,” the High Court had observed. When the matter was taken up on Tuesday, the Bench allowed some more time to the State Government and the NHAI to satisfy the Court about execution of the directions. The Government also assured the Court that no permission shall be granted to NHAI to execute any project in the State, until complete plan for plantation of trees, as per the norms applicable to compensate the trees which are to be unplanted, is submitted. The matter is now listed for hearing on February 3, 2021. Case Title: Ayush Kumar Srivastava & Ors. v. State of UP & Ors. Click Here To Download Order Dated December 17, 2020 Click Here To Download Order Dated January 19, 2021Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Gianaris: State should buy, convert distressed hotels and offices

first_imgREBNY told the Journal that it supports creating more affordable housing through various ways, but issued a statement that seemed to take a dim view of the bill from the Queens senator, who has been a thorn in the industry’s side for years. REBNY backed Cuomo’s January proposal, which the governor said would create affordable housing but which Gianaris claims might result in purely market-rate buildings.“New York City will remain a global commercial hub by creating more dynamic central business districts through strengthened retail and small business sectors and producing much needed housing, including affordable units,” James Whelan, president of the industry group, said in the statement.[WSJ] — Sasha JonesContact Sasha Jones Message* Email Address* Andrew CuomoHotelsnew york state senateoffice market Tags Sen. Michael Gianaris (iStock, Getty)Hotels and offices have seen their values drop. Now a state senator wants New York to buy and convert some into affordable housing.A bill introduced by Sen. Michael Gianaris this week would let the state buy such distressed properties to house low-income and homeless people. Gov. Andrew Cuomo proposed an office-conversion bill in January, but it did not call for public acquisitions.In the Gianaris bill, the state could use federal money such as Covid-19 relief to buy and renovate the properties. Housing nonprofits and other organizations would then operate the properties.Only hotels with fewer than 150 units would be eligible, and most Manhattan hotels would be excluded.Read moreState proposes zoning override for commercial-to-resi conversionsREBNY pitches turning empty Manhattan offices into housingMayor calls Cuomo’s office-to-resi plan “giveaway” to real estate Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink Full Name*last_img read more

Epstein-Barr Virus implicated as a cause of MS

first_imgResearchers from the Harvard School of Public Health, Walter Reed ArmyInstitute of Research, and a team of collaborators have observed forthe first time that the risk of multiple sclerosis (MS) increases bymany folds following infection with the Epstein-Barr virus (EBV). Thisfinding implicates EBV as a contributory cause to multiple sclerosis.The study was published in an advance online edition of the journal Annalsof Neurology and will appear in a later print edition.Hundred of thousands of individuals not infected with EBV werefollowed up for several years through repeated blood samplescollections. Researchers were then able to determine the time whenindividuals developed an EBV infection and its relation to MS onset.“The recruitment of individuals before they were infected with EBV andfollowing up with them for several years is the critical methodologicalaspect that makes this study qualitatively different from all previouswork,” said AlbertoAscherio, senior author of the study and professor of epidemiologyand nutrition at Harvard School of Public Health and professor ofmedicine at Harvard Medical School.MS is a chronic degenerative disease of the central nervous system.Women are more likely than men to get the disease and it is the mostcommon neurologically disabling disease in young adults. Althoughgenetic predisposition plays an important role in determiningsusceptibility, past studies have shown that environmental factors areequally important.EBV is a herpes virus and one of the most common human virusesworldwide. Infection in early childhood is common and usuallyasymptomatic. Late age at infection, however, often causes infectiousmononucleosis. In the U.S., upwards of 95% of adults are infected withthe virus, but free of symptoms. EBV has been associated with some typesof cancer and can cause serious complications when the immune system issuppressed, for example, in transplant recipients. There is noeffective treatment for EBV.This is the first study based on the longitudinal follow-up ofseveral thousand individuals who were not infected with EBV at the timeof recruitment. The study population was made up of active-duty US Army,Navy, and Marines personnel who have at least one blood sample in theDepartment of Defense Serum Repository. The electronic databases of thePhysical Disability Agencies of the US Army and Navy were then searchedfor individuals whose records indicated a possible diagnosis of MSreported between 1992 and 2004.The researchers selected 305 individuals diagnosed with MS and whohad blood specimens collected before the date of their diagnosis. Twocontrols for each case were then selected from the serum database andmatched by branch of service, sex, date of blood collection, and age attime of blood collection.The study found that MS risk is extremely low amongindividuals not infected with EBV, but it increases sharply in the sameindividuals following EBV infection.“The observation that MS occurred only after EBV is a big stepforward,” said Alberto Ascherio. “Until now we knew that virtually allMS patients are infected with EBV, but we could not exclude twonon-causal explanations for this finding: that EBV infection is aconsequence rather than a cause of MS, and that individuals who are EBVnegative could be genetically resistant to MS. Both of theseexplanations are inconsistent with the present findings,” said Ascherio.“The evidence is now sufficiently compelling to justify theallocation of more resources to the development of interventionstargeting EBV infection, or the immune response to EBV infection, asthese may contribute to MS prevention,” he said.The study was supported by a grant from the National Institute ofNeurological Disorders and Stroke.last_img read more

SA online retail sales up 30% in 2010

first_img“Last year there were 3.6-million people who had been online for five years or more. By 2015, that figure will be 6.8-million – almost double the potential e-commerce market of today.” Online retail in South Africa has entered a phase of sustained acceleration, according to research recently released by World Wide Worx. SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo material Internationally, according to global online retail data analysed in the report, growth slowed in most regions during the global financial crisis, but did not turn negative: total sales never fell anywhere in the world. 10 August 2011 Online retailers are even more bullish about 2011, with the industry consensus pointing to 40% growth this year. This will represent the highest rate of growth for online retail in South Africa in almost a decade. “This dramatic rise in online retail comes in the wake of an ongoing increase in the number of experienced Internet users in South Africa,” World Wide Worx MD Arthur Goldstuck said in a statement this week. In 2010, traditional, physical retail in South Africa reached R561-billion, according to Statistics South Africa. This means that online retail still makes up less than half a percent of total retail in SA: a mere 0.36%. At the same time, however, the growth rate of online retail in South Africa in 2010 was four times that of physical retail: 30% versus 7%.center_img The figures indicate that, globally as in South Africa, online retail is recession-proof for now, while it still makes up a small proportion of total retail worldwide. International online retail Industry estimates for the total value of global online retail in 2010 come to an average of about US$545-billion, up from $469-billion in 2009. “This shows us that online retail growth represents not a rise in shopping activity, but rather a shift in shopping activity, from the physical space to the online space,” said Goldstuck. Highest growth in a decade The Online Retail in SA 2011 study shows that the total spent on online retail goods in South Africa in 2010 passed the R2-billion mark for the first time. It reached R2.028-billion, growing at 30% over the previous year.last_img read more

South Africa’s social grant clean-up saves billions

first_img7 February 2014 South Africa’s move to modernise its administration of social grants, involving the live certification and re-registration of grant beneficiaries and the introduction of a biometric card payment system, is saving the country hundreds of millions of rands annually, says South Africa Social Security Agency (Sassa) CEO Virginia Peterson. Presenting the agency’s 2012/13 annual report to the National Council of Provinces’ (NCOP’s) select committee on social services in Cape Town on Thursday, Peterson said that over 150 000 grants had been voluntarily cancelled between June 2012, when the re-registration process began, and June 2013, amounting to an annual saving of R150-million. The number of voluntary grant cancellations had since increased to 299 837, she said. Interviewed by Business Day following the NCOP briefing, Peterson said that in total more than 650 000 social grant recipients had been removed from the grants register, saving the fiscus almost R2-billion, while an additional R800-million in service fees had been saved in this financial year alone.Electronic grant payments, biometric cards Sassa’s new system aims to minimise fraudulent grant applications and collections and reduce administration costs by distributing grant payments electronically. It involves the mass collection of data of existing and new beneficiaries, children receiving grants, and procurators. The Sassa grant card’s biometric functionality identifies grant recipients using unique identifiers such as fingerprints, voice and other personal information, which means that the cards cannot be used by any person other than the approved beneficiary. “A total of 18.9-million people were successfully re-registered onto the new system by end of the financial year,” Peterson told the NCOP committee. “The number has since increased to 20.7-million.” She noted that the biometric payment cards allowed beneficiaries to access their grants through various payment gateways, including ATMs, pay point stations and retail points of sale – effectively incorporating beneficiaries, many of whom were previously “unbanked”, into the country’s banking community. At the same time, she said, the new payment system almost halved the cost to the agency of each transaction, from an average of R30 to R16.44 per transaction – while giving Sassa, for the first time, automated intelligence on all payment activities. Sassa is currently paying approximately 16-million social grant benefits monthly to approximately 9.5-million recipients.Fraud: focus shifts to agency staff Peterson told the committee that, in its fight against fraud, Sassa’s focus had shifted from grant beneficiaries to agency staff members who colluded with beneficiaries and crime syndicates to defraud the system. Against a target of investigating at least 50% of fraud cases identified, she said, 78% of cases identified to date had been investigated, with 98% of suspicious grants verified as valid. “Efforts to clamp down on corruption in specific regions resulted in arrests and convictions of 10 current agency officials, three former agency officials and 15 agents,” Petersen said. “Fifty-two Sassa officials were suspended from duty, 25 dismissed, and seven resigned prior to the completion of their disciplinary cases. The monetary value related to cases finalised amounts to R59.4-million.” Other successes, she said, included the arrest of 50 individuals in the Mahlabathini area within the Ulundi District who were found to be in possession of 127 unregistered Sassa cards, three CPS registration machines and R47 000 in cash. Five of these suspects remain in custody. Petersen said that money lending had also became a focus, with 29 individuals arrested and 1 008 agency cards and R82 156 in cash confiscated. She acknowledged that the implementation of its fraud management strategy was one of the challenges facing Sassa, adding that the agency had had to “close-out some offices due to the number of officials that were implicated in fraudulent activities.” SAnews.gov.za and SAinfo reporterlast_img read more

Set of 30 Brown Tones Thin Hair Elastics Bobbles Hair Bands, Rather thin and think they may break quite easily but we shall see

first_imgAlright but have metallic joins which can rip hair.Overpriced but i realized that when i purchased them. It truly is challenging tho to obtain particular colours in the stores.Bought these for the reason that my 3 12 months previous has genuinely fantastic hair and i wished something that would blend in. I purchased these mainly because my 3 12 months outdated has seriously high-quality hair and i required anything that would mix in with her hair color so they are great.Key specs for Set of 30 Brown Tones Thin Hair Elastics Bobbles Hair Bands:Pack of 30Thin Brown Tone Hair ElasticsA Great Basic for your Hair WardrobeSuitable for all Hair TypesComments from buyers” bought these because my 3 year old has really fine hair and i wanted something that would blend in , Rather thin and think they may break quite easily but we shall see, Great value and do the job, Good quality and plent of them”Swift shipping and delivery and pretty pleased with the hair ties.Significantly much better top quality than some i have experimented with, really stretchy and soft, no snagging on hair.Not a great deal to say – they were as described.These are good good quality and benefit and do the task, a good option of neutral colors.Quite content with the products. Appears to be like the same as in the photograph.Good good quality and plent of them. Possibly you should not require so several but i eliminate so a lot of of them this measurement is pleasant to have.Thin tiny elastic hairbands that arrived quickly.My wife was happy with these and claimed that they didn’t split or fall out like some models, so they do what they’re meant to.Can take a whole lot to extend or break them.Arrived speedily and it just like on the photo. Have purchased this brand in advance of, do propose~.They do the work great, i would like they have been in blue tones as very well ).Relatively thin and imagine they may split fairly very easily but we shall see. Instead thin and consider they may well break rather simply but we shall see. Not certain i would acquire again nevertheless. The supply and packaging have been very good.Very good quality and wonderful color.Fantastic top quality and attractive colors.Good worth, pretty happy thanks.Fantastic benefit rapid shipping and delivery thanks.Good very little bands primarily for a person with thin hair.last_img read more

USDA summer food program helps put safety net under Ohio children

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Celina Gardens Apartments is partnering with the U.S. Department of Agriculture and the Ohio Department of Education to provide free meals to low-income children here during summer vacation.“Kids still need access to healthy food, even when school is out,” said Tony Logan, Ohio Rural Development State Director during a site visit. “For four decades now, USDA has worked to ensure children in low-income communities have a strong safety net against hunger beneath them. We’re delighted that one of our outstanding multi-family housing complexes here in Celina has volunteered to host a summer feeding site. Public-private partnerships like this one are helping us combat hunger among our most vulnerable – our children.”More than 26 million American children eat school lunch every day when school is in session, with about half getting their meals free or at a reduced price. USDA’s Summer Food Service Program provides continuity during school vacations. Last summer, Ohio served 3.8 million meals at more than 1,600 sites operated by 191 sponsoring organizations.This year, USDA Rural Development has made a concentrated effort to help expand the program, collaborating with the Ohio Department of Education to match Rural Development-financed properties with school districts and other sponsors. Nationwide, the program is anticipated to serve more than 200 million free meals to children ages 18 and younger this summer.For more information or to become a site sponsor, call Ohio Rural Development Multi-Family Housing Specialist Vera Howard at 614-255-2418.last_img read more

How long do we have for late planted soybeans to mature?

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Dusty Sonnenberg, CCA, Ohio Field LeaderIn a typical year, by the time Farm Science Review rolls around, many of the soybeans in the state of Ohio have started to turn a bright fall yellow color and are quickly drying down. Some fields in the southern regions have even been harvested. But it has not been a typical year. In the southern part of the state much of the crop is on schedule, and the yield has already been determined. In the northern regions, many beans are still very green and filling pods. Soybeans found in the R4 to R5 growth stage are not uncommon in much of northern Ohio. The question among many growers is, “How long do we have to complete the grain fill period?”According to the University of Missouri and Missouri Soybean Center, soybean yield is a product of the number of days of seed fill and rate at which the seeds fill. The vegetative growth that occurs before and after flowering builds the photosynthetic factory and creates a greater rate of seed fill. Later maturing varieties will produce more leaves before flowering starts and will also have a greater number of days for seed filling. These soybeans may have a faster rate of fill for more days, so they may yield more. Soybeans planted very late will be induced to flower almost immediately after emergence.David Holshouser, an agronomist with Virginia Cooperative Extension, said soybean plants sense changes in night length and initiate flowering only after the night is longer (and days grow shorter) than a critical length.“This is the concept of photo determinism. The length of the day, and thus the length of the photo period available ties directly to the summer solstice. The 2019 summer solstice in the Northern Hemisphere was Friday, June 21. Every day after this date has fewer hours and minutes of sunlight. Although technically incorrect, such plants are termed short-day plants. The length of required dark period depends on the species and variety of species,” Holshouser said. “Soybeans are a short-day crop and their development is determined largely by variety-specific daylength requirements that initiate floral development. In other words, as the days grow shorter, soybeans will flower and enter into reproductive development stages. Due to this photoperiod requirement, days from planting until maturity cannot be accurately estimated for soybeans due to variation in planting date and other environmental variations.”This, however, changes once the soybeans flower.“After flowering, temperature drives development and the days until maturity can be estimated. The number of days from floral initiation at R1 until physiological maturity at R7 is usually independent of variety, but will vary slightly from year to year due to temperature differences between years,” he said. “Late planted soybeans initiate flowering during a warmer time of the year; therefore, post-flower development speeds up.”With this in mind, the concerns about frost limiting soybean potential in northern Ohio this year are warranted, said Greg LaBarge, Ohio State University Extension field crops specialist.“Soybeans need both a certain number of days and temperature in order to mature,” LaBarge said. “Typically, in northern Ohio it takes soybeans that are at the R4 growth stage approximately 45 days to reach physiological maturity at R7. Soybeans that are at R5 will take about 35 days. Given that we are past the middle of September, this will push development into early November. That could be a challenge for many of the fields.”The Ohio Agronomy Guide, using data from 1980-2010, lists a median climatological date (50% chance of the first freeze at 32 degrees F), occurring between Oct. 1 and Oct. 20. The Old Farmer’s Almanac has determined Oct. 13, 2019 as the date that has a 30% probability of frost, based on 1981-2010 climate norms.Ohio Field Leader is a project of the Ohio Soybean Council. For more, visit ohiofieldleader.com.last_img read more