Simon Community gets £192,000 Christmas cheque

first_img  25 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 23 December 2010 | News As the Simon Community Northern Ireland received a Christmas boost with a donation of £192,000 from a local construction and building supplies company, the latest accounts show that the charity’s income fell from £7.6 million to £7.2 million between 2008 and 2009.Northstone NI, which is one of the CRH group of companies, made the donation as part of its Simon Safety Challenge. The Safety Challenge has raised around €2.5 million throughout Ireland for Simon Communities since it was launched in 2007.Accounts for 2009 show Simon’s general drop in income was due mostly to a decline in voluntary income which was £1.5 million in 2008 and £1.25 million in 2009.Within voluntary income the most dramatic decline was in grants which fell from £969,969 to £382,160. Gifts and donations increased from £456,998 to £589,348 while legacies jumped from £77,507 to £275,792.Shops income was £168,148 while shop expenses were £130,633. Fundraising expenses increased from £199,926 in 2008 to £292,473 in 2009.Despite the drop in income Simon showed a surplus in 2009 of £322,432, up from £305,978. Net assets also increased to £3.1 million.www.simoncommunity.org Tagged with: corporate Ireland Simon Community gets £192,000 Christmas cheque AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 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 GoodJobs.org.uk. Researching massive growth in giving.last_img read more

‘Slow Down in Exits’ Means Increased Overall Forbearance Activity

first_img ‘Slow Down in Exits’ Means Increased Overall Forbearance Activity Data Provider Black Knight to Acquire Top of Mind 1 day ago Demand Propels Home Prices Upward 1 day ago About Author: Phil Hall Share Save The total number of loans in forbearance took a slight uptick in the latest data from the MortgageBankers Association’s (MBA) Forbearance and Call Volume Survey.As of Nov. 15, loans in forbearance accounted for 5.48% of servicers’ portfolio volume, up from5.47% one week earlier. The MBA estimated 2.7 million homeowners are currently inforbearance plans.By investor type, the share of Ginnie Mae loans in forbearance increased relative to the prior week from 7.70% to 7.73%. while the share of Fannie Mae and Freddie Mac loans in forbearance decreased over the same period from 3.36% to 3.35%—this marked the 24th consecutive week that the government-sponsored enterprises’ share of loans in forbearance declined.The share of other loans in forbearance, including portfolio loans and private-label securities(PLS), rose from 8.38% to 8.48%, and the percentage of loans in forbearance for independentmortgage bank servicers remained unchanged at 5.94% while the percentage of loans inforbearance for depository servicers inched up by a single 1 basis point from the previous weekto 5.44%.“A marked slowdown in forbearance exits, as well as a slight rise in the share of Ginnie Mae,portfolio, and PLS loans in forbearance, led to an overall increase for the first time since earlyJune,” said MBA SVP and Chief Economist Mike Fratantoni. “The decline in exits in the priorweek follows a flurry of them last month, when many borrowers reached the six-month point intheir forbearance terms.”When measured by stage, 21.32% of total loans in forbearance were in the initial forbearanceplan stage as of Nov. 15 while 76.76% were in a forbearance extension and the remaining 1.92%were forbearance re-entries. Total weekly forbearance requests as a percent of servicing portfoliovolume increased relative to the prior week saw a scant increase from 0.08% to 0.09%.Of the cumulative forbearance exits for the period from June 1 through Nov. 15, 2020, the MBAdetermined that 30.5% represented borrowers who continued to make their monthly paymentsduring their forbearance period, 24% resulted in a loan deferral/partial claim and 16.8% resultedin reinstatements in which past-due amounts are paid back when exiting forbearance.The MBA also found 12.9% of forbearance exits were due to borrowers who did not make all oftheir monthly payments and exited without a loss mitigation plan in place yet, while 7.1% ofexits resulted in loans paid off through either a refinance or by selling the home, 6.8% resulted ina loan modification and 1.9% resulted in repayment plans, short sales, deed-in-lieus or otherreasons.Weekly servicer call center volume remained unchanged during this period at 8.3% while theaverage speed to answer decreased from 2.4 minutes to 2.3 minutes. Abandonment ratesdecreased from 6.3% to 5.4% and the average call length dipped slightly from 8 minutes to 7.8minutes.“Incoming housing market data remain quite strong, with existing-home sales in Octoberreaching their fastest pace since 2005, and the inventory of homes on the market hitting a recordlow,” Fratantoni added. “However, renewed weakness in the latest job market data indicate thatmany homeowners are continuing to experience severe hardships due to the pandemic and stillneed the support that forbearance provides.” Phil Hall is a former United Nations-based reporter for Fairchild Broadcast News, the author of nine books, the host of the award-winning SoundCloud podcast “The Online Movie Show,” co-host of the award-winning WAPJ-FM talk show “Nutmeg Chatter” and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill’s Congress Blog and Profit Confidential. His real estate finance writing has been published in the ABA Banking Journal, Secondary Marketing Executive, Servicing Management, MortgageOrb, Progress in Lending, National Mortgage Professional, Mortgage Professional America, Canadian Mortgage Professional, Mortgage Professional News, Mortgage Broker News and HousingWire. Data Provider Black Knight to Acquire Top of Mind 1 day ago The Best Markets For Residential Property Investors 2 days ago Previous: The Suburbs’ Changing Demographics Next: Foreclosure Moratoria and the Distressed Auction Market The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago November 24, 2020 927 Views Related Articles Sign up for DS News Daily in Daily Dose, Featured, News Home / Daily Dose / ‘Slow Down in Exits’ Means Increased Overall Forbearance Activity Servicers Navigate the Post-Pandemic World 2 days ago 2020-11-24 Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 1 day agolast_img read more