How investors learned to stop worrying and bought cheap UK shares in the stock market crash

first_imgHow investors learned to stop worrying and bought cheap UK shares in the stock market crash Harvey Jones | Friday, 16th October, 2020 Simply click below to discover how you can take advantage of this. Click here to claim your free copy of this special investing report now! John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Amazon, Apple, and Tesla. The Motley Fool UK has recommended Barclays and Lloyds Banking Group and recommends the following options: short January 2022 $1940 calls on Amazon and long January 2022 $1920 calls on Amazon. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. 5 Stocks For Trying To Build Wealth After 50 Our 6 ‘Best Buys Now’ Shares Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. It may sound counterintuitive, but the best time to buy cheap UK shares is bang in the middle of a stock market crash. Your favourite companies are temporarily trading at knock-down prices, so you can pick them up on the cheap. All you need do then is wait for stock markets to recover, as history suggests they always do in the end.It isn’t easy though. You have to defy the urge to panic and sell your shares along with everybody else. That’s challenging, especially when the TV and internet are pumping out terrifying headlines about a market meltdown. Happily, new research suggests Britons are rising to that challenge.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Instead of worrying and selling UK shares when markets crash, investors have learned to buy them while they are cheap. When Covid-19 struck, the number of ordinary private investors buying company stocks spiked. Impressively, 1.5m people bought shares for the first time in their lives, according to a survey by specialist exchange-traded fund provider GraniteShares.Stock market crash is a great buying opportunityThe biggest motivation, named by 30%, was because UK shares fell dramatically, and the chance to buy cheap stocks wasn’t to be missed. They got that right, with the FTSE 100 rebounding more than 20% from its March lows.Another 25% said they wanted to take advantage of increased share price volatility. That also makes sense, because when markets are volatile you can find top UK stocks trading at dirt-cheap valuations,A further 22% bought when share prices started to rise dramatically, because they didn’t want to miss out. There’s a whiff of herd mentality about this one, but if you buy UK shares in the early stages of the recovery, it can still pay off.When shopping for cheap UK shares, always keep your eye on the long term. At The Motley Fool, we encourage people to buy and hold shares for decades, to steadily build their wealth for their retirement. Never trade in the hope of making a fast buck.Unfortunately, GraniteShares’ research shows many investors are doing exactly that. Worryingly, 11% were trading because they could no longer bet on sporting events that had been cancelled. Investing is a long-term process, not a short-term flutter. You should aim to build a balanced portfolio of FTSE 100 dividend and growth stocks, to reduce the risk if one underperforms. Making short-term trades usually backfires.Buy cheap UK shares for the long termMost alarmingly, 11% were trading because they’d been made redundant and wanted to make money. Now that really does worry me. You should never try to trade your way out of financial problems.Investors cannot resist cheap UK shares. Many are buying stricken engineering firm Rolls-Royce, GraniteShares says. Fallen banks Barclays and Lloyds Banking Group are also popular, as are troubled energy giants BP and Royal Dutch Shell. All look tempting at today’s valuations, but please, understand the risks.Others are buying US tech stocks such as electric car maker Tesla Motors, online retail giant Amazon and iPhone maker Apple.Right now, I’m targeting cheap UK shares. Thanks to the stock market crash, there are plenty of them out there. You could check out these. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Image source: Getty Images See all posts by Harvey Joneslast_img read more

Leinster and Ireland hooker Sean Cronin

first_img Downtime with… Leinster and Ireland hooker Sean CroninWhat’s the funniest thing you’ve heard in a game? I played with Mike McCarthy at Connacht and Leinster, and once he screamed out, “I have him in the mousetrap, I have him in the mousetrap” as he was making a choke tackle. It made me stand back to work out what he was saying! He’s a character.Who are the jokers in the squad? In the Leinster squad you have Fergus McFadden, Noel Reid and, probably unbeknownst to him, James Ryan! He makes jokes without realising. The other day he asked one of the boys who’d just had a baby, “How’s Jimmy getting on?” The baby’s name is Freddie, so all the boys burst out laughing.Any practical jokes you can tell us?This would be more in Ireland camp. We get our laundry back in brown bags with our name on and some get kicked about. Johnny Sexton’s and Peter O’Mahony’s get attacked the most. I think because they give out most in training, lads take it as an opportunity to get them back.Do you know who the pranksters are?Conor Murray and Keith Earls are on the wanted list, but unless CCTV is installed no one will fess up. They’d have to be caught in the act.If you could be one of your team-mates, who would it be and why?That’s a tough one. It would probably be Johnny Sexton. He’s pretty good at rugby and he’s got loads of money!Man at No 10: Johnny Sexton breaks against England (Getty Images)Do you have any nicknames?I could write a book on my nicknames! The most common is Nugget, which goes back to the 2011 World Cup. Leo Cullen, now my coach, came up with it and the thing with nicknamesis not to react. I must have reacted badly and it’s stuck. I get Barrel – to do with my body shape – and others.What really annoys you?Traffic, bad drivers, lack of punctuality. People being late grinds my gears.Do you have any phobias?I don’t like heights at all. The guys go bungee-jumping and stuff when we’re away, but I don’t have the stomach for it. I’m happy just to go for a round of golf.What’s your most embarrassing moment?I’ve had a few! I hadn’t been part of the Ireland set-up for long when we were doing the warm-up at Croke Park and I was so pumped up that I left my runners on. On the burst: Sean Cronin on a trademark attack for Ireland (Getty Images) Monikers, Iron Mike and mishaps with boots all come up in conversation with the Test No 2 This article originally appeared in the February 2019 edition of Rugby World magazine.Follow Rugby World on Facebook, Twitter and Instagram.center_img We were about to go out onto the pitch and Declan Kidney, who was the coach at the time, came up to me to say, “You’ve still got your runners on.” I had to turn around to put my boots on. It could have been worse – it could have happened in the tunnel in front of the opposition – but it was pretty embarrassing.Who would be your three dream dinner guests?I’d pick a musician – Anthony Kiedis, the lead singer of the Red Hot Chilli Peppers. Mike Tyson is a controversial character but I think he’d have some interesting stories. And I’d throw Usain Bolt in there. Again, he’s an interesting character with what he’s accomplished.Dinner entertainment: Red Hot Chili Peppers singer Anthony Kiedis (Getty Images)If you could have one superpower…Just to be able to beat the traffic, to be able to fly. From where I live, I could get to training pretty quick, and home again.Who’d you like to be stuck in a lift with?I’m into history and I think Barack Obama would be good. He’d have a lot of interesting stories to tell – and he could call the CIA to get us out of there.If your house was on fire, what would you save? People and pets are safe.I’d probably have to grab my first cap off the wall. It’s hanging up in a frame.What’s the silliest thing you’ve bought?My wife would be good at this and point out 100 things I’ve bought that are stupid. I bought a pair of Kurt Geiger boots in Australia last summer. They were pretty expensive and I’ve not taken them out of the box.You could have a race after dinner…He’s getting a bit older now. I might be able to challenge him!What’s your guilty pleasure?Pizza! A pepperoni pizza after matches is a real guilty pleasure. Chocolate too. Years ago at Munster we’d have pizzas after matches but those days are gone.What would you like to achieve outside of rugby?I’m trying to finish my degree in business, but I’d like to be a teacher so I’d go back and do a post-grad course. I’m really interested in history and would like to get into that field, to teach history. n LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALSlast_img read more

Early involvement in charity makes children more likely to give again

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Early involvement in charity makes children more likely to give again Tagged with: Giving/Philanthropy Research / statistics Volunteering About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving.  22 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img The NOP survey was conducted between September and October 2003, and surveyed 1989students.G-Week will take place from 26 June – 2 July 2004 in England and Wales and 1 – 7 June 2004 in N.Ireland and Scotland. Young people are more likely to be long-term givers when they get involved in charity at an early age, according to a survey conducted by Giving Nation.Giving Nation, the independent initiative working with secondary schools to get moreof the UK’s youth involved in charities, found that over three quarters of pupils surveyed had given to charity the last time they were asked. However, those who took part in Giving Nation’s first ‘G-Week’ (Giving Week) in July 2003, were 30% more likely to see themselves as future givers. The survey revealed that girls are significantly more likely to give than boys, with mothers being identified as the person most likely to be seen giving time or money to charity. Over half of pupils thatparticipated in G-Week in 2003 stated that by taking part they were made more aware of charities’ work and had increased confidence in the role that charities play in society, including how donations are spent. Seventy per cent agreed that “It’s cool to volunteer and help people.” Advertisement Howard Lake | 5 April 2004 | Newslast_img read more

40 Percent of Farms Managed by Multiple Operators

first_img By Hoosier Ag Today – Jan 29, 2017 40 Percent of Farms Managed by Multiple Operators SHARE Facebook Twitter New data released last week by the U.S. Department of Agriculture shows nearly 40 percent of all U.S. farms are managed by more than one operator. USDA’s Economic Research Service says in 2015, 39 percent of the more than 800,000 U.S. farms had secondary operators. USDA says commercial-sized farms often require more management and labor than an individual can provide. Also, additional operators can offer other resources, such as capital or farmland. Having a secondary operator may also provide a successor when an older principal operator phases out of farming. Because nearly all farms are family-owned, family members often serve as secondary operators and nearly two-thirds of all secondary operators were spouses of principal operators. Multiple-operator farms are most prevalent among nonfamily farms, accounting for 85 percent of that group.Some multiple-operator farms are also run by multiple generations. About 6 percent of all farms, and 16 percent of all multiple-operator farms, were multiple-generation farms, with at least 20 years’ difference between the ages of the oldest and youngest operators.Source: NAFB News Service SHARE Home Indiana Agriculture News 40 Percent of Farms Managed by Multiple Operators Facebook Twitter Previous articleRyan Martin’s Indiana Ag Forecast for January 30, 2017Next articleKnowing When To Shut Up Hoosier Ag Todaylast_img read more

Police close two community radio stations that requested official recognition

first_img Follow the news on Paraguay June 27, 2006 – Updated on January 20, 2016 Police close two community radio stations that requested official recognition ParaguayAmericas News Reporters Without Borders condemns violent police raids that were carried out on community radio stations Manantial FM and Tenondé FM on 19 June at the behest of the National Telecommunications Commission (Conatel). The organisation urges Conatel to approve the stations’ requests to be allowed to continue broadcasting on the frequencies they have been using. RSF_en News Receive email alerts February 14, 2020 Find out more News to go further ParaguayAmericas Brazilian journalist murdered at home in Paraguay Organisation Help by sharing this information News Deploring the use of violence by police who raided two community radio stations – Manantial FM in Carayaó and Tenondé FM in Coronel Oviedo – on 19 June and closed them down at the behest of the National Telecommunications Commission (Conatel), Reporters Without Borders today urged the commission to approve the stations’ requests for official recognition.“There is no justification for these absurd acts of reprisal as both radio stations have been in negotiations with Conatel with the aim of getting official permission to broadcast, which shows they want to be legal,” the press freedom organisation said.“The Paraguayan authorities, above all Conatel, should comply with international recommendations regarding free speech by allowing local communities to have the ability to express themselves that they are demanding.”According to the Paraguayan Community Communication Association (COMUNICA), the police raided Manantial FM at dawn with the aim of seizing its broadcast equipment. More than 100 people rushed to the station in response to an appeal for help which staff had time to broadcast. Anti-riot police attacked those who came to stop the station’s closure. The World Association of Community Radio Broadcasters said the police used tear-gas and that several people had to be hospitalised for treatment to their injuries.Broadcast equipment was also seized in a similar raid at 7 a.m. the same day in Coronel Oviedo on Tenondé FM, a station run by the National Peasant Organisation (ONAC).Conatel uses very disparate criteria for legalising radio stations and is much more likely to approve a request from a pirate commercial radio station than one from a community radio. Latin America’s community radio – a key service but vulnerable February 10, 2017 Find out more Reporter killed in ambush after police protection withdrawn October 20, 2014 Find out morelast_img read more

2020 RSF Press Freedom Awards : three winners selected and special prize honors Jimmy Lai, founder of Apple Daily in Hong Kong

first_img Follow the news on Middle East – North Africa Receive email alerts RSF joins Middle East and North Africa coalition to combat digital surveillance to go further RSF_en The 2020 RSF Press Freedom Awards Ceremony, which took place on 8th December in Taipei, has awarded Russian journalist Elena Milashina with the Prize for Courage, Afghan radio station Merman with the Prize for Impact, and Egyptian chief editor Lina Attalah with the Prize for Independence. A special prize was also bestowed on Hong Kong’s Apple Daily founder, Jimmy Lai. The Prize for Independence aims to award journalists, media or NGOs who have resisted financial, political, economic or religious pressure in a remarkable way. This year, it went to Lina Attalah, the editor and co-founder of the online newspaper Mada Masr, one of the few independent news outlets in Egypt. Attalah has been subjected to police raids and questioning as a result of investigations and interviews. Access to the Mada Masr site within Egypt has been blocked by the authorities for the past three years.“The RSF Press Freedom Awards laureates exemplify ideals of journalism as we see it” said Christophe Deloire, Reporters Without Borders (RSF) Secretary General. “High standards, courage, impact, and independence, all while respecting journalism ethics, are among the criteria of these awards. But beyond the recognition of the work of the laureates, the RSF Awards also intend to support all of the nominees, their work and highlight the risks they frequently must take to inform the public.”“In RSF’s World Press Freedom Index, Taiwan consistently ranks among the top in the Asian region and presents the best alternative model to the Chinese authoritarian system,” states Cédric Alviani, RSF East Asia Bureau head. The jury for this 28th edition, headed by RSF President Pierre Haski, consisted of eminent journalists and freedom of expression defenders from all over the world: Rana Ayyub, an Indian journalist and Washington Post opinion columnist;  Raphaëlle Bacqué, a leading French reporter for Le Monde; Mazen Darwish, a Syrian lawyer and president of the Syrian Centre for Media and Freedom of Expression; Zaina Erhaim, a Syrian journalist and communication manager at the Institute for War and Peace Reporting; Erick Kabendera, a Tanzanian investigative reporter; Hamid Mir, a Pakistani reporter, columnist and author; Frederik Obermaier, a German investigative journalist with Munich’s Süddeutsche Zeitung newspaper; and Mikhail Zygar, a Russian journalist and founding editor-in-chief of Dozhd, Russia’s only independent TV news channel. June 9, 2021 Find out more The Prize for Courage aims to award journalists, media or NGOs who demonstrate courage in the practice, defence or promotion of journalism. This year, it was awarded to Russian investigative reporter Elena Milashina who works for the Moscow tri-weekly Novaya Gazeta. Milashina specialises in covering Chechnya and is often the target of physical attacks, death threats and censorship. She uncompromisingly continues to write articles about the most sensitive subjects in Chechnya, an autonomous republic ruled with the iron fist of Ramzan Kadyrov. Related documents Читать на русском / Read in RussianPDF – 2.29 MB News News Considering the sharp decline in press freedom in Hong Kong due to pressure from the Chinese regime, the jury wished to provide particular support to Jimmy Lai, founder of one of the few Hong Kong media which still dares to openly criticise the Chinese regime and which widely covered last year’s pro-democracy protests. The award was received by his son, Sebastian Lai, as his father, accused of “fraud”, was arrested again last week and is in detention in Hong Kong. December 7, 2020 – Updated on December 8, 2020 2020 RSF Press Freedom Awards : three winners selected and special prize honors Jimmy Lai, founder of Apple Daily in Hong Kong center_img Help by sharing this information News Читать на русском / Read in RussianFor its 28th edition after London in 2018 and Berlin in 2019, the 2020 Press Freedom Awards ceremony was hosted on 8th December at the National Central Library in Taipei, Taiwan. During the ceremony, which was broadcasted live on social media, two journalists and a radio station were awarded. The jury also bestowed a special prize on Jimmy Lai, the founder of Apple Daily. June 8, 2021 Find out more Iran: Press freedom violations recounted in real time January 2020 EgyptAfghanistanRussiaMiddle East – North Africa Asia – PacificEurope – Central Asia Events RSF Prize WhatsApp blocks accounts of at least seven Gaza Strip journalists Organisation EgyptAfghanistanRussiaMiddle East – North Africa Asia – PacificEurope – Central Asia Events RSF Prize News The Prize for Impact aims to award journalists, media or NGOs who contributed to evident improvements in journalistic freedom, independence and pluralism, or to an increase in awareness of these matters. This year, it was awarded to Afghan radio station Merman, the first to broadcast in Kandahar with the mission of promoting the cause of women (“merman” in Pashtu) in Afghanistan. The team of 15 women also provides journalism training for women and carries out its activities despite threats from the Taliban, warnings from security services and attacks on its journalists. June 3, 2021 Find out morelast_img read more

Limerick man caught with bag of drugs outside hospital

first_imgLimerick’s National Camogie League double header to be streamed live Print Twitter Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash NewsLimerick man caught with bag of drugs outside hospitalBy Staff Reporter – November 5, 2016 1514 WhatsApp WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Limerick Ladies National Football League opener to be streamed live Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Facebookcenter_img Advertisement Previous articleIce cream vans used as cover for Limerick drug dealerNext articleRugby – Ulster Bank League Weekend Previews Staff Reporter Linkedin Predictions on the future of learning discussed at Limerick Lifelong Learning Festival RELATED ARTICLESMORE FROM AUTHOR The evidence was heard at Limerick Circuit CourtA MAN who was caught outside a hospital emergency department with more than a kilo of cannabis herb is to be sentenced next month.Padraig O’Connor (37), from St Joseph’s Park, Dromcollogher, pleaded guilty in October to drugs offences contrary to Section 15a of the Misuse of Drugs Act.Sign up for the weekly Limerick Post newsletter Sign Up During a sentence hearing at Limerick Circuit Court last week, Judge Tom O’Donnell heard that drug squad detectives saw the father-of-one acting suspiciously outside the hospital on April 29, 2014They stopped and questioned him but he ran off, only to be apprehended after a short chase.A polkadot Lidl shopping shopping bag he was carrying contained more than 1.1kg of cannabis with an estimated street value in excess of €20,000.Prosecution Counsel John O’Sullivan said O’Connor admitted he went to McDonalds in Dooradoyle and “met individuals who he picked up some weed from”.He told gardai that he “got a phone call earlier while he was in the city centre and was instructed to go to the hospital and stop outside McDonalds along the way.Two months earlier, he met the same individuals in Newcastle West when his friend wanted a smoke of weed. Other than that, he had nothing to do with.On a previous occasion he “got some weed, paid €400 for it and did nothing else only gave it to three or four of his friends”, Mr O’Sullivan said.Mr O’Connell told gardai that he subsequently bought the larger batch of drugs for €3,000 and intended keeping some before giving it back.Defence counsel Anthony Samon asked Judge O’Donnell to sanction a probation service report so as to allow a number of factors to be considered by the court.The case was adjourned until to December O’Connell was released on his own bail. Email TAGSdrugshospitallimerick last_img read more

Hispanic Homeownership Increased in 2017

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily February 27, 2018 2,686 Views  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Affordable Housing Hispanics Home Starts Homeownership Households HWP Inventory Labor NAHREP Home / Daily Dose / Hispanic Homeownership Increased in 2017 Demand Propels Home Prices Upward 2 days ago Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Previous: New Bill Addresses Reverse Mortgage Foreclosures Next: Freddie Mac Tracks Serious Delinquencies Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Homeownership in the Hispanic population increased for the third consecutive year according to a joint report by The Hispanic Wealth Project, and the National Association of Hispanic Real Estate Professionals (NAHREP).The report analyzes Hispanic labor force participation rate, household formation rate, median income and aspirational interest, to evaluate and determine the factors affecting homeownership for this group.Attributing this growth to increasing population, growth in jobs, and household formations, the report found that Hispanics increased their rate of homeownership from 46 percent to 46.2 percent, with a net increase of 167,000 new owner households. “We see from the report’s data the strong enthusiasm for homeownership within the Hispanic community,” said Daisy Lopez-Cid, President, NAHREP. “With a growing Hispanic population and the highest rate of workforce participation, Hispanics are expected to drive growth in the housing market for decades.”According to the report, overall U.S. homeownership rates increased from 63.4 percent in 2016 to 63.9 percent in 2017, with over 1.1 million owner households for all population segments. Of these, Hispanics accounted for 15 percent of the net ownership gains. In terms of household formations, the report noted that Hispanics accounted for 265,000 new household formations or, 28.6 percent of total U.S. household formations representing a modest fall from 340,000 household formations by Hispanics in 2016.Despite these gains, three main factors slowed the growth of homeownership among Hispanics, the report indicated. They included a shortage of housing inventory, natural disasters, and uncertain immigration policy. Giving examples of areas and metros that were heavily populated by Hispanics, the report indicated that affordable housing remained the main concern for the group. The report said that In Las Vegas new home starts were up 9 percent in 2017 but, only 21 percent of those were under $300,000, as compared to 42 percent in 2016. San Diego began 2017 with a surge in new homes priced at $1 million and more even as this metro continued to experience severe supply constraints at the affordable price points. Giving the example of Houston, the report said that Houston saw growth with new home starts up 5.8 percent; however, its greatest increase was for starts above $300,000, which increased by 11.1 percent. Data Provider Black Knight to Acquire Top of Mind 2 days ago Hispanic Homeownership Increased in 2017 Servicers Navigate the Post-Pandemic World 2 days ago Affordable Housing Hispanics Home Starts Homeownership Households HWP Inventory Labor NAHREP 2018-02-27 Radhika Ojha in Daily Dose, Featured, Headlines, Market Studies, News Subscribelast_img read more

How the CFPB is Helping Homeowners Struggling with Payments

first_img Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, News The Week Ahead: Nearing the Forbearance Exit 2 days ago How the CFPB is Helping Homeowners Struggling with Payments Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: CARES act CFBP COVID-19 Forbearance Servicers Navigate the Post-Pandemic World 2 days ago The pandemic, along with the economic downturn it has caused, leaves homeowners across the country struggling to meet their mortgage payments. This has put more pressure on the Consumer Financial Protection Bureau (CFPB) to find ways of helping homeowners who have been impacted by COVID-19.At this year’s MBA Convention and Expo, Kathy Kraninger, director of the CFPB responded to questions posed by Susan Stewart, 2021 MBA chairman and CEO of SWBC Mortgage. One of the biggest topics of discussion that Kraninger addressed was how the CFPB is taking measures to inform the public about what they can do if they are having trouble making their home loan payments.“It starts first and foremost with the flexibilities that the CARES Act provided,” Kraninger said. “Congress and the administration acted very swiftly in that process. And we also move swiftly from the Bureau’s standpoint, in getting that information out.”Kraninger discussed how the CFPB made informative materials like videos and blogs available online to inform the public, including videos in both English and Spanish. Much of this content focused on “what the CARES Act mortgage forbearance program was,” so that those struggling to make their home loan payments could understand their options. The videos and blogs have already reached 4 million people, according to Kraninger.“We really are reaching people,” Kraninger said. “We still know there are more people to reach as well, so we’re engaging with the mortgage servicing consortium” as well as the Urban Institute.The messaging that CFPB has put out is particularly meant to inform “individuals who have not yet extended their CARES Act forbearance” or those who have not applied but may still qualify. “You have an option here to actually stay in your home,” Kraninger said. “And that’s certainly an important message, recognizing the impacts of the pandemic.”As the CEO of a servicer, Stewart said that this is the kind of information the public needs to know.“One of the things that we now all grappling with is to make sure people know that, go ahead and be in contact,” Stewart said. “It’s better to make the call and ask for help and explain your circumstances and extend or do what you need to do.”Aside from getting forbearance information out to the public, Stewart also asked Kraninger about the CFPB’s release of a proposal for a new category of “Seasoned” Qualified Mortgage (QM).“We believe that a pricing threshold is a more holistic measure of an individual’s ability to repay than DTI [Debt-to-Income Ratio] alone,” Kraninger said. “We also knew that the 43% DTI– if that were strictly put in place, and strictly followed without the Patch [Government-Sponsored Enterprise (GSE) Patch] as a valve to let off some of that steam–would really preclude access to credit and really reduce the pay for many people”On the same day that Kraninger spoke at the virtual conference, the CFPB announced that it would be extending the GSE Patch.Looking ahead, Stewart asked Kraninger about what may happen beyond the pandemic when borrowers begin to exit the CARES Act and other loan forbearance programs and whether or not the CFPB monitor for any particular risk to consumers in the post-pandemic future.Kraninger said that the CFPB would do just that. She said the Bureau would continue to talk to servicers about what challenges they are facing and what they’re hearing from consumers. Kraninger said doing this will help with “figuring out a level playing field, figuring out issues happening across the market.” About Author: Cristin Espinosa Home / Daily Dose / How the CFPB is Helping Homeowners Struggling with Payments Related Articles October 20, 2020 1,278 Views center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Cristin Espinosa is a reporter for DS News and MReport. She graduated from Southern Methodist University where she worked as an editor and later as a digital media producer for The Daily Campus. She has a broadcast background as well, serving as a producer for SMU-TV. She wrote for the food section during her fellowship at The Dallas Morning News and has also contributed to Advocate Magazine and The Dallas Observer. Share Save Demand Propels Home Prices Upward 2 days ago Subscribe CARES act CFBP COVID-19 Forbearance 2020-10-20 Cristin Espinosa Previous: Delinquency Rate Doubles Great Recession Peak Next: Industry Leaders Address Racial Inequalities, Refi Fees, and Technology Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Postlast_img read more

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first_img Gardai continue to investigate Kilmacrennan fire Twitter By News Highland – July 25, 2015 75 positive cases of Covid confirmed in North EntertainmentHomepage BannerNews RELATED ARTICLESMORE FROM AUTHOR Further drop in people receiving PUP in Donegal Facebook Listen back to live music chat and features on the Weekend Edition 365 additional cases of Covid-19 in Republic Previous articleTwo Donegal athletes competing at Special Olympics in Los AngelesNext articleSF / Independent government would be a “political freakshow” – Kenny News Highland WhatsAppcenter_img Pinterest Pinterest Google+ Main Evening News, Sport and Obituaries Tuesday May 25th Google+ Facebook Man arrested on suspicion of drugs and criminal property offences in Derry On The Weekend Edition this week, a wedding planner to the stars explains why she thinks children should be banned from weddings, at least in the evenings.We hear renewed calls from Emmett Johnston from the Irish Basking Shark Study Group for the establishment of a Shark Park in Ireland.There is a new short film chronicling how the Irish helped build London after World War2, which chat to its director and also get the views of historian Ultan Cowley on the issue:Sally Hall lost her son last year and this week they fulfilled his wish to enter the Guinness Book of World Records. Sally joins us to relate what is a sad story but one of hopeTalented 17 year-old singer/songwriter Jack McHale from Letterkenny is in studio to perform one his tracks live live for us. And there is more live music from Snasta a group formed under the Soundwaves project. We also hear the dramatic story of a group of Scouts from Donegal who became trapped in a massive storm in Eastern France.You can contact Greg on [email protected], On Twitter or follow via Facebook.Part OneAudio Player Up/Down Arrow keys to increase or decrease volume.Part TwoAudio Player Up/Down Arrow keys to increase or decrease volume. Twitter WhatsApplast_img read more