Previous: Biden Says His Economics Team ‘Will Deliver Immediate Relief’ Next: What is Driving the Increase in Forbearance Activity? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Faced with elevated home prices and stricter credit requirements, borrowers in Q3 placed, on average, higher down payments on their mortgage loans than ever before, according to Bloomberg.Citing a report from ATTOM Data Solutions, Bloomberg reports the median down payment for single-family residences was $20,775 in the third quarter. That, reported Bloomberg, is the highest in records going back to 2000, “up 69% from $12,325 a year earlier, before record-low mortgage rates kicked the housing boom into a higher gear.”During Q3, homebuyers placed down 6.6% of the median sales price of the home they were financing, which is 4.7% higher than last year’s third quarter. It also is the highest average down payment since 2018. Median Q3 loan amounts, $275,500, were the highest since 2000, up 24% from the same period in 2019.A source from ATTOM has attributed the increased down payments to increasingly rigorous credit standards.”Down payments are rising at a time when lenders are tightening their guidelines,” said Todd Teta, Chief Product Officer at ATTOM Data Solutions. “Lenders have grown more cautious in order to protect themselves from more delinquencies.”Referring to a Freddie Mac report from late November, Bloomberg reported that mortgage companies are “raking in cash in the midst of the pandemic, earning hefty margins while consumers flood in to buy homes or refinance existing loans to take advantage of record-low mortgage rates. The average for a 30-year, fixed loan tumbled to 2.72% this week, the lowest in data going back almost 50 years.”Bloomberg reporters Prashant Gopal and Shahien Nasiripour deduce: “It’s no wonder that lenders have gotten pickier than they have been in decades … lenders including JPMorgan Chase & Co. have tightened terms for borrowers amid widespread worry about future economic growth.”They cite, for example, the fact that JPMorgan in early November told loan officers that it would “limit jumbo loans to 70% of the sale price for most co-ops and condominiums in Manhattan.”In Q3, report Gopal and Nasiripour, the average borrower had a 786 credit score—that is the highest median score since 1999. They added that last month saw the highest mortgage origination numbers since 2003 (citing the Fed). Related Articles Home / Daily Dose / Credit Scores and Down Payments Reach All-Time Highs About Author: Christina Hughes Babb Print This Post Share Save Demand Propels Home Prices Upward 2 days ago Credit Scores and Down Payments Reach All-Time Highs Servicers Navigate the Post-Pandemic World 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Credit Scores Down Payment Data Provider Black Knight to Acquire Top of Mind 2 days ago Credit Scores Down Payment 2020-11-30 Christina Hughes Babb November 30, 2020 13,082 Views The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Subscribe
Rechargeable batteries can also be dropped of at: If your batteries are leaky or corroded, the county asks you put them in a plastic bag before putting them in the drop-off container. Alkaline: AAA, AA, C, D, 9 VOLTRechargeable: Nickel-Cadmium (N-Cad), Nickel-Metal Hydride (Ni-Mh), Lithium-Ion (Li-Ion), Lead-Acid (Pb) Rather, residents should take them to the Taylor Garbage Transfer Station, located at 352 Glen Mary Drive in Owego. Apalachin Fire Chief Mike George told 12 News Monday, “We may never know the precise reason for the fire but, what we do suspect is that perhaps something like a cell phone battery or a lithium ion battery had made it’s way into the recycling stream, it got maybe damaged in the processing and then they closed the building around 4 o’clock that day and by 5 o’clock we had our fire.” Valu Home Center, OwegoHome Central, OwegoHome Depot, Johnson CityLowe’s, Vestal Tioga County Recycling says you should keep your batteries dry and tape the ends. Batteries that can be dropped off year-round include: For information on disposing of batteries in Broome County, click here. When disposing of batteries in Tioga County, Tioga County Recycling says homeowners should not put them in the recycling or trash. For information on business battery disposal, click here. TIOGA COUNTY (WBNG) — 12 News is breaking down proper battery disposal after the Apalachin Fire Chief said the likely cause of the massive Taylor Garbage Recycling Facility fire was a battery.
Romania’s interim prime minister Ludovic Orban said on Friday that he and his entire cabinet would quarantine themselves after coming into contact with a senator who was later confirmed to have the coronavirus.Liberal Party leader Orban said the senator had attended a meeting of the party’s senior figures on Monday, prior to getting tested. He added that he, his 17-member cabinet and all Liberal senators would quarantine themselves and be tested.”All government members … will do their duty and take all the measures to fight coronavirus, regardless of whether they are confirmed to have the virus or not,” Orban told reporters. He urged journalists who had covered his news conferences to seek testing as well. The quarantine could extend a political crisis that began when Orban’s cabinet was toppled in a no-confidence vote called by the main opposition party last month.Even before Orban’s quarantine announcement, Romanian President Klaus Iohannis was due to hold consultations with political parties later on Friday in the latest attempt to install a new government. With concerns growing about the spread of the new coronavirus, the presidency said Iohannis would now hold consultations with parties via teleconference.On Thursday Iohannis said he aimed to designate a new prime minister – widely expected to be Orban – who would have to be approved by a parliamentary vote next week. If successful, the premier would appoint a cabinet with full powers to fight the virus.Orban has held meetings with leaders of other political parties this week, as well as with Iohannis and other officials including the central bank governor.Romania has reported 70 cases of the coronavirus but no deaths.Topics :