About Author: Eric C. Peck Related Articles The Week Ahead: Analyzing the Fed’s Pandemic Response March 19, 2021 904 Views The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago CARES act COVID-19 House Financial Services Committee Janet L. Yellen Jerome H. Powell pandemic 2021-03-19 Eric C. Peck Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. Home / Daily Dose / The Week Ahead: Analyzing the Fed’s Pandemic Response Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Journal, News The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: CARES act COVID-19 House Financial Services Committee Janet L. Yellen Jerome H. Powell pandemic Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago This week, the House Financial Services Committee will host a virtual hearing, “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response,” scheduled for Tuesday, March 23 at noon EST.In response to the pandemic, Congress enacted a series of laws, including the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which was signed into law last March. Under the CARES Act, the Secretary of the Department of the Treasury and the Chair of the Board of Governors of the Federal Reserve System are required to testify quarterly regarding their obligations and transactions made under the Act.Scheduled to provide testimony on Tuesday are Janet L. Yellen, Secretary of the U.S. Department of the Treasury, and Jerome H. Powell, Chair of the Board of Governors of the Federal Reserve System. This is the Committee’s fourth hearing fulfilling this statutory requirement.The virtual hearing will discuss the many ways in which Congress, through emergency relief measures for small businesses and other acutely affected industries, assisted struggling Americans through this past year. Section 4027 of the CARES Act appropriated $500 billion to the Exchange Stabilization Fund (ESF) for use by the Treasury Secretary, and Section 4003 allocated up to $46 billion for Treasury to provide direct loans and loan guarantees to businesses critical to maintaining national security, and at least $454 billion for Treasury to support Fed emergency lending programs. The Treasury approved nearly $22 billion in loans to 35 recipients.Click here for an overview of the hearing or click here to tune into the webcast.Here’s what else is happening in The Week Ahead:MBA Forbearance and Call Volume Survey (Monday)MBA Weekly Applications Survey (Wednesday)Realtor.com Weekly Housing Market Recap (Wednesday)U.S. Census Bureau New Residential Sales report (Wednesday)Senate Banking Committee Hearing: The Quarterly CARES Act Report to Congress (Wednesday)Realtor.com’s Housing Market Recovery Index (Thursday)Realtor.com’s Weekly Housing Trends View (Thursday)Freddie Mac Primary Mortgage Market Survey (Thursday)U.S. Department of Labor’s Unemployment Insurance Weekly Claims Report (Thursday)Senate Banking Committee Hearing: American Rescue Plan … Shots in Arms and Money in Pockets (Thursday)Black Knight weekly forbearance data (Friday) Previous: HUD Secretary: Annual Homelessness Assessment Results Are ‘Startling’ Next: The Recession’s Effect on Black and Latinx Homeowners Servicers Navigate the Post-Pandemic World 2 days ago Share Save Subscribe
About Author: Eric C. Peck Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: CoreLogic Daryl Fairweather Doug Duncan Fannie Mae Frank Martell Home Purchase Sentiment Index (HPSI) Redfin in Daily Dose, Featured, Journal, News Demand Propels Home Prices Upward 2 days ago Related Articles Share Save Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Fannie Mae’s latest Home Purchase Sentiment Index (HPSI) was optimistic for March, as signs continue to point to an improvement in the economy a year into the pandemic. The HPSI rose in March by 5.2 points to 81.7, with four of the HPSI’s six components increasing month-over-month, including the components related to homebuying and home-selling conditions, household income, and home prices. The outlook on mortgage rates remains skeptical, as only 6% of consumers believe that rates will drop over the next 12 months.“The significant increase in the HPSI in March reflects consumer optimism toward the housing market and larger economy as vaccinations continue to roll out, a third round of stimulus checks was distributed, and the spring homebuying season began–perhaps with even more intensity this year, since 2020’s spring homebuying season was limited by virus-related lockdowns,” said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist. “Home-selling sentiment experienced positive momentum across most consumer segments–nearly reaching pre-pandemic levels and generally indicative of a strong seller’s market. Consumers once again cited high home prices and tight inventory as primary reasons why it’s a good time to sell. Alternatively, while the net ‘good time to buy’ component increased month-over-month, it has not recovered to pre-pandemic levels, as the homebuying experience continues to prove difficult for many of the same reasons, namely high prices and a lack of supply.”The percentage of respondents who felt it was a good time to buy a home increased from 48% to 53%, while the percentage who say it is a bad time to buy decreased from 43% to 40%. As a result, the net share of those who say it is a good time to buy increased eight percentage points month-over-month.“Homebuyers are experiencing the most competitive housing market we’ve seen since the Great Recession,” said Frank Martell, President and CEO of CoreLogic, in a recent report.The percentage of respondents who said it was a good time to sell increased from 55% to 61%, while the percentage who say it’s a bad time to sell decreased from 35% to 28%. As a result, the net share of those who say it is a good time to sell increased 13 percentage points month-over-month.And just why is it a good time to sell?Redfin has reported that as the median home-sale price increased 16% year-over-year to an all-time high of $331,590, 39% of homes sold above their list price, also an all-time high and 15 percentage points higher than the same period a year earlier.According to the HPSI, the percentage of respondents who felt home prices will rise in the next year increased from 47% to 50%, while the percentage who say home prices will go down decreased from 18% to 14%. The share who think home prices will stay the same remained unchanged at 29%.Tight inventory and heated bidding wars are contributing to this rise in home prices as many Americans are simply being priced out of the market at this stage. Nationwide, 60.9% of home offers written by Redfin agents in February faced competition, up slightly from 59.3% in January—marking 10 consecutive months where more than half of Redfin offers encountered competition.”The uptick in mortgage rates is likely fueling more bidding wars in the short term because house hunters are rushing to buy homes before rates rise even further,” recently said Redfin Chief Economist Daryl Fairweather. “If mortgage rates move significantly higher, we’ll likely see some buyers move to the sidelines, which will curb competition in the long run.”Click here to read more on Fannie Mae’s latest Home Purchase Sentiment Index (HPSI). Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago CoreLogic Daryl Fairweather Doug Duncan Fannie Mae Frank Martell Home Purchase Sentiment Index (HPSI) Redfin 2021-04-07 Eric C. Peck Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Optimism Fuels Housing Market Sentiment The Best Markets For Residential Property Investors 2 days ago April 7, 2021 6,829 Views Servicers Navigate the Post-Pandemic World 2 days ago Print This Post Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Optimism Fuels Housing Market Sentiment Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Previous: Americans Redefine the Purpose of Homeownership Next: How Financially Literate Are Today’s Consumers?
Indonesia’s second-largest Islamic organization has officially entered the national battle against the coronavirus by establishing the Muhammadiyah COVID-19 Command Center (MCCC) and putting an aptly named physician, Corona Rintawan, in charge.The organization has dedicated all of its facilities and wings under the Muhammadiyah Philanthropic Initiative (AUM) to help the government fight the spread of the COVID-19 coronavirus.Indonesian physician, Corona Rintawan (right), is in-charge for the Muhammadiyah COVID-19 Command Center, which is aimed helping the government fight the spread of the COVID-19 coronavirus. (Kompas.com/Sania Mashabi)“The concept is prevention, early detection and early handling.”All of the AUM [outlets] will move massively and in an integrated way to provide strategic mitigation against the spread of the virus,” MCCC head Corona told a press conference at the Muhammadiyah Dakwah Center in Jakarta, as quoted by the organization’s official website, muhammadiyah.or.id, on Tuesday.Muhammadiyah has designated 20 top-tier hospitals on Java and Sumatra and in Kalimantan for the coronavirus fight. These hospitals are now listed as government referral centers for COVID-19 cases. Muhammadiyah said the 20 hospitals are ready to apply standard procedures to handle cases, as well as conduct decontamination and contingency actions. Read also: Indonesia reports first death from COVID-19The Islamic organization also prepared about 30,000 AUM outlets to disseminate information on COVID-19 and its prevention.Corona, a physician himself, said that MCCC has two dedicated programs for the COVID-19 battle: “Safari”, which is about raising the awareness of risk factors, and, “Gemes”, which involves donating face masks. The Safari program encourages people to educate themselves about COVID-19, so they are aware of any risks from the disease. The program also suggests people self-quarantine whenever necessary. Read also: Indonesia confirms first possible COVID-19 community transmission as cases rise to 27Meanwhile, the Gemes program encourages people to help others by giving face masks to those with the flu. The program raises the awareness of the importance of helping others and eradicating selfish acts. Muhammadiyah also optimizes the role of takmir (mosque management) in educating the congregation by encouraging them to bring their own sajadah (praying mats) to mosques to prevent infection, conduct ablution thoroughly and pray at home if they are sick. (gis) Topics :
‘She hugged me to remind me how much she cares and that I am loved. What am I meant to do – push her away? I then travelled to my parents’ house to pick up some home-cooked meals. Again it’s been an extremely tough couple of months for them: everything I’ve gone through in my life they have gone through with me. ‘What have my parents and sister done to deserve their privacy being invaded by photographers following me to their homes? ‘I constantly feel as though I’m being followed. I don’t even feel safe in the confines of my own home – why should they have to feel like that too? Who deserves that? ‘I am in a privileged position as a role model and a professional athlete, and can assure you from my upbringing I do not take it for granted. But, at what stage do my feelings get taken into consideration? Loading… Manchester City and England defender Kyle Walker has released a statement in an attempt to explain why he broke the lockdown rules three times in 24 hours this week – having already been in trouble with his club for a previous breach of the regulations just a few weeks ago. Man City and England defender Kyle Walker has opened up on his mental health anguish The Sun reported that the 29-year-old had flouted Government guidelines during the coronavirus pandemic just weeks after he apologised for holding a sex party with two escorts. The outlet claimed Walker travelled from his house in Prestbury, Cheshire, for a party at his sister’s house in Rotherham, South Yorkshire, and then went to his parents’ home in Sheffield. The following day he reportedly went out cycling with a friend from his rented property in Hale. Walker released a statement on his social media platforms late on Thursday night following the revelations, opening up on his mental health. It read: ‘I feel as though I have stayed silent for long enough. ‘In light of the most recent article published about me and my family, I feel as though I have no choice but to address things publicly. ‘I have recently gone through one of the toughest periods of my life, which I take full responsibility for. However, I now feel as though I am being harassed. ‘This is no longer solely affecting me, but affecting the health of my family and my young children too. In relation to the events on Wednesday, I travelled to Sheffield to give my sister a birthday card and present, but also to speak to one of the few people I believe I can trust in my life. Promoted ContentCulkin Cracks Up The Web With His Own Version Of ‘Home Alone’7 Ways To Understand Your Girlfriend Better10 Risky Jobs Some Women Do2020 Tattoo Trends: Here’s What You’ll See This Year6 Ridiculous Health Myths That Are Actually True7 Of The Wealthiest Universities In The WorldBest Car Manufacturers In The World9 Facts You Should Know Before Getting A TattooThe Highest Paid Football Players In The World5 Of The World’s Most Unique Theme Parks10 Inventions That Make Our Lives Much EasierThe Best Cars Of All Time ‘My family has been torn apart, this has been dragged through the press, and I ask: when is enough enough? ‘At a time when the focus is understandably on Covid-19, at what point does mental health get taken into consideration, an illness which affects every sufferer differently? ‘I am a human being, with feelings of pain and upset just like everybody else. Being in the public eye as a professional athlete does not make you immune to this. ‘It is sad, but I feel as though my life is being scrutinised without any context. I understand if people are upset or angry with me, but it was important for people to have a better understanding of my life. ‘Thank you for taking the time to hear my feelings.’ The full-back breached lockdown instructions at the beginning of April and apologised for his actions. It emerged the pair of escorts — who it is claimed were paid £2,200 — had been invited to Walker’s rented Cheshire property. It had been reported that the 29-year-old had flouted Government guidelines earlier this week Read Also: EPL stars cautioned over cars as clubs prepare strict COVID-19 protocols Walker said last month: ‘I want to take this opportunity to issue a public apology for the choices I made last week. ‘I understand my position as a professional footballer brings the responsibility of being a role model. ‘As such, I want to apologise to my family, friends, football club, supporters and the public for letting them down.’ FacebookTwitterWhatsAppEmail分享