Legal League 100 Summit: A Focus on Challenges, Forbearances

first_img Five Star Conference Five Star Virtual Conference Legal League 100 Legal League 100 Summit 2020-09-14 David Wharton Demand Propels Home Prices Upward 2 days ago Legal League 100 Summit: A Focus on Challenges, Forbearances Previous: Florida Court Rules on Foreclosure Judgement, Deficiency With Complaint Next: Five Star Virtual Conference Explores Industry Pandemic Response The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Legal League 100 Summit: A Focus on Challenges, Forbearances Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Legal issues, including compliance, defaults, and the government and service sector perspectives were the topics of discussion at the Five Star Legal League 100 Fall Summit, part of the Five Star Virtual Conference.The Summit provided top industry insights on various legal issues, including the latest details on foreclosures and forbearances, how the government is handling moratoriums, and other issues and how servicers are managing their pipelines in this unprecedented economy.The Summit kicked off with experts from the Legal League 100’s Advisory Council discussing how it represents the membership in its discussions, priorities and actions. Roy Diaz, Managing Shareholder, Diaz Anselmo Lindberg, P.A. & Chairperson, LL100; and Stephen Hladik, Partner, Hladik, Onorato & Federman, LLP discussed these items, as well as the impact foreclosure moratoriums have had on law firms. They also talked about fee parity within the industry.Following the Advisory Council’s discussion, industry economic experts provided insights on how unemployment is expected to impact foreclosure levels and how forbearance rates is expected impact bankruptcy filings, as well as other factors affecting the default market.“The economy is in a pretty bad place,” said Tendayi Kapfidze, Chief Economist, LendingTree. “During the financial crisis, the economy shrunk 4.8%. We had a decline in the second quarter [of 2020] of up to 30%. That’s not going to persist, but even if we get all but 9% of that back, that’s going to be an economy that’s about 10% smaller than it was at the beginning of the year. The question is how long will it last, and what changes are going to occur in the economy as a result of it.”“We are in a once-in-a-lifetime event,” said Lawrence Yun, Chief Economist and SVP of Research, NAR. “We may actually be in a new economy, with a large percentage of people able to work from home in the future years. Without a doubt, we plunged into a recession, with more than 50 million people applying for unemployment insurance at some point. That’s more than one third of the labor force.”But there is job creation occuring in some sectors, while there are job losses in others, Yun added. And the housing sector is actually enjoying a bounce, even as unemployment remains high.“We expect very strong activity in autumn and winter of this year,” Yun said.A session on compliance and government outlook examined how the government is handling moratoriums, timelines, and updates to compliance rules, as well as what the future will look like once moratoriums expire.The government decisions on moratoriums, foreclosures and forbearances will sharply impact servicers’ businesses, as the last panel of the day discussed.“We are seeing a lot of activity from our borrowers,” said Patrick Cox, SVP Operations, PHH Mortgage Corporation. “While we had a tremendous increase in the requests for forbearance in March and April, but we have since seen a decrease in activity in new borrowers reaching out to us. We do anticipate a lot of those borrowers who are currently on forbearance extending.“One surprising thing we found is that a lot of the borrowers who asked for forbearance in the March/April time frame actually continued to pay. We expect that behavior to continue.”Bankruptcies have fallen to half of what they were in March, Cox added.With the changes in borrower’s finances, and the foreclosure/forbearance/moratorium rules, PennyMac Loan Services is re-evaluating its financial review methodology, said Jennifer Gordon, VP Vendor Management. “We’re also taking a look at our attorney network, which I think is a very solid network. We’re taking a look to make sure we have appropriate backups in place in every space.”You can see all our Five Star Virtual Conference coverage by clicking here. Demand Propels Home Prices Upward 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily About Author: Phil Brittcenter_img The Best Markets For Residential Property Investors 2 days ago Share Save Phil Britt started covering mortgages and other financial services matters for a suburban Chicago newspaper in the mid-1980s before joining Savings Institutions magazine in 1992. When the publication moved its offices to Washington, D.C., in 1993, he started his own editorial services room and continued to cover mortgages, other financial services subjects, and technology for a variety of websites and publications. Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Five Star Conference Five Star Virtual Conference Legal League 100 Legal League 100 Summit Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Foreclosure, Government, Loss Mitigation, News, Servicing Related Articles September 14, 2020 1,155 Views Subscribelast_img read more

40 players selected for Black Starlets second justifier

first_imgFollowing the successful nationwide tour of the recruitment team of the Male National Under-17 team, the technical team of the Black Starlets has selected 40 players for the Phase Two of the selection process.The selected players are requested to report for camping at the Ghanaman Soccer Centre of Excellence in Prampram on Thursday 4th February, 2016 by 4pm.The said players must arrive in camp with two passport size pictures and training kits consisting of hose, shin guards and boots.The selected 40 players will engage in further trials with players from selected academies and selected players from Airtel Rising Stars before a final list of 35 players is selected to form the 2016/2017 National Under-17 Black Starlets squad.The intensive selection exercise in Prampram is scheduled to last two weeks.Below is the list of 40 players selected from the nationwide tour: NORTHERN REGION1. Tawfik Yahuza – Goalkeeper2. Sylvester Simba – Striker3. Abdul Aziz Yakubu – Striker4. Sandan David Abagna – MidfielderUPPER EAST REGION5. Abdul Rauf Abubakar – Striker6. Abdul Razak Yussif – Defender7. Benjamin Aloma – Defender8. Isaac Ayamga – Midfielder9. Robert A. Ayamga – Winger10. Sumaila Musah – StrikerUPPER WEST REGION11. Bukari Abdul Rafiu – GoalkeeperBRONG AHAFO REGION12. Ahmed Ramzy Yussif – Striker13. Nuhu Sule – Midfielder14. Samuel Nyarko – Striker15. Sulemana Mohammed – Midfielder16. Silas Kyeremah – MidfielderASHANTI REGION17. Abdul Abrahim – Striker18. Frederick Agyemang – Midfielder19. Rashid Ibrahim – Winger20. Hassan Seidu Salia – Midfielder21. Tigasi Matthew – Goal Keeper22. Michael Nii Armah Okai – Goal Keeper23. Osman Faisal – Defender24. Emmanuel Toku – Striker25. Faisal Adam – Midfielder WESTERN REGION26. Evans Akuteye – Defender27. Obed Yankey – Midfielder28. George Ashie – Defender29. Lawal Abubakar – Striker30. Obed Appiah – Midfielder31. Abdul Malik Alkhalifa – DefenderCENTRAL REGION32. Isaac Adu Mensah – Defender33. Kwadwo Asamoah – Midfielder34. Gideon Acquah – DefenderEASTERN REGION35. Emmanuel Sebbie – Striker36. Paul Tetteh Addour – DefenderVOLTA REGION37. Benjamin Ofori Boateng – DefenderGREATER ACCRA REGION38. Eric Ayiah – Midfielder39. Jonathan Nana Donkor – Midfielder40. Ibrahim Selly Seydou – Goal Keeper –Follow Joy Sports on Twitter: @JoyFMSports. Our hashtag is #JoySportslast_img read more