Housing Market Momentum to Carry Into 2021

first_img Data Provider Black Knight to Acquire Top of Mind 1 day ago  Print This Post Housing Market Momentum to Carry Into 2021 Share 1Save Previous: Montgomery: Outgoing Cabinet Members, Political Appointees Deserve ‘Gratitude’ Next: Renewed Regulatory Focus in 2021? Sign up for DS News Daily 2021-01-25 Christina Hughes Babb Demand Propels Home Prices Upward 1 day ago About Author: Veronica Bradley The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Related Articles The housing market should continue to be a busy place, according to First American. In fact, there are a few factors to keep the momentum of 2020 going well into the year.For 2021 predictions to make the most amount of sense, it’s necessary to recap December 2020. The year ended with a 77.1 percent increase from the potential low point reached in February 1993. The overall market potential for existing-home sales actually increased 11.9 percent compared to the previous December, which is a gain of nearly 658,628 seasonally adjusted annualized rate (SAAR).Even with such high numbers, the market failed to hit its potential by 1.2 percent or 73,142 (SAAR) sales.“In the final month of 2020, the market potential for existing-home sales reached its highest point since 2007, rising to a 6.18 million seasonally adjusted annualized rate (SAAR) of sales,” said Mark Fleming, chief economist at First American. “While the winter months are traditionally real estate’s slow season, the housing market had one more surprise for us in 2020, as our measure of the market potential for existing-home sales showed the housing market again broke with traditional seasonal patterns during this unprecedented year.”So, what’s going to drive the market in 2021? Mostly millennials driven by low mortgage rates. The older portion of this generation is on the hunt for upgraded homes, and since 90 percent of homes on the market are existing-home sales, their desire to move will add inventory.Because of the pandemic, many potential sellers stayed put in 2020, actually increasing the average tenure length of owning a single home. A year ago, the average amount of time someone lived in a home was 10 years, and it has now increased to 10.5 years.The lack of for-sale homes caused by the pandemic decreased inventory by 170,200 in December 2020.“While the supply-demand imbalance will persist, existing homeowners who were hesitant to sell amidst the worst of the pandemic may be encouraged to bring their homes to market, relieving some of the supply shortage,” Fleming said. “Swelling demand and the potential for greater supply means housing market potential in 2021 is likely to remain strong and build off a historic 2020.”Low mortgage rates will also entice first-time buyers to enter the market. The Best Markets For Residential Property Investors 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Veronica Bradley has covered the consumer packaged goods industry, the tech industry, the healthcare industry, and a few other industries that impact people’s daily lives. When she isn’t researching and writing, she moonlights as an amateur accountant and bookkeeper for a small family brewpub, because unlike most writers, she isn’t afraid of numbers. The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News Demand Propels Home Prices Upward 1 day ago Servicers Navigate the Post-Pandemic World 2 days ago January 25, 2021 1,085 Views Home / Daily Dose / Housing Market Momentum to Carry Into 2021 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 1 day agolast_img read more

The Industry Pulse: Providers and Firms Announce Additions

first_img 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.  Print This Post The Industry Pulse: Providers and Firms Announce Additions Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Headlines, News Home / Daily Dose / The Industry Pulse: Providers and Firms Announce Additions The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago BSI Financial Services, a mortgage-centric financial services company, announced today that it has hired Michael Bugbee as VP of Client Success. He will lead the company’s broader strategy to better align the delivery of its robust and client-centric focus with the expanding needs of BSI’s growing primary and specialty servicer client base.”Michael’s depth of knowledge and expertise in the agency and specialty servicing space is consistent with our core value of providing a world-class client experience,” said Allen Price, SVP of sales and marketing at BSI Financial. “We’re excited to have Michael join the BSI team.” April 9, 2021 1,459 Views Servicers Navigate the Post-Pandemic World 2 days agocenter_img About Author: Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago “It is exciting to grow our leadership team as we continue to focus on our primary and specialty servicing clients,” Lawrence said.Bugbee replaces Mike Whitfield, who will transition into a senior project management role to focus on several key initiatives throughout the company. To ensure client success continuity and a smooth transition, Whitfield will continue to work with Bugbee over the next several weeks.With nearly 20 years of experience, Bugbee worked for more than a decade at Mr. Cooper/Nationstar Mortgage, where he held a variety of roles but more recently leading a team of client managers responsible for portfolios totaling 300,000 units with a UPB of $86 billion. Before that, he worked for over seven years at Freddie Mac as a portfolio manager.”I’m delighted to lead BSI’s client success delivery model and look forward to further enhancing the client management experience,” Bugbee said. “I believe my mortgage background in operations, client and portfolio management makes me well suited for this critical role.”_____________________________________________________________________________________Codilis & Associates, P.C. (C&A), an end-to-end creditors’ rights and real estate law firm established to serve the needs of mortgage lenders and servicers, is pleased to announce the addition of Michael Anselmo as Managing Attorney of Real Estate.Prior to joining Codilis, Anselmo was an attorney with the Illinois office of Diaz Anselmo & Associates P.A., a multi-state creditor’s rights firm, and brings with him nine years of default servicing experience. Anselmo practices in the areas of real estate law, including REO closings and title. In his new role, Anselmo will serve as Managing Attorney of Real Estate out of the Burr Ridge, Illinois, office location of the Codilis Family of Firms.On joining the Codilis Family of Firms, Anselmo stated, “I am extremely pleased to be joining a firm with such a resoundingly positive reputation, and for having the opportunity to take part in this dynamic teams’ solidarity. I look forward to incorporating my experience to only enhance Codilis’ real estate department’s successes.”Adam Codilis, President of Codilis & Associates, P.C., stated, “Michael will make a great addition to the Codilis team with his fresh perspectives and established industry know-how—we know he’ll become an asset to the Codilis firms, and we’re excited to add him to our ranks.”____________________________________________________________________________________Mortgage Connect LP, a national mortgage services provider for the nation’s largest financial institutions, investors, servicers, and GSEs, announced Ian Morgan as Chief Information Security Officer. Morgan comes to Mortgage Connect with a robust amount of mortgage and financial services experience. With over 24 years’ experience working in Information Technology, Morgan brings diverse and unique expertise to the company.“Ian’s extensive knowledge coupled with his ‘roll your sleeves up and jump in mentality’ makes him a perfect fit for our organization,” said Gabe Minton, EVP, Chief Information Officer, Mortgage Connect. “Ian believes value is achieved through meaningful interaction with others and promoting leadership by example.”Morgan comes to Mortgage Connect from Covius Holdings, where he served as Chief Information Security Officer. He brings a differentiating resume in I.T., focused on a diverse mixture of network and system engineering, systems administration, development, and architecting secure information systems.Morgan embraces the ever-changing world of technology, consistently working to stay ahead of the curve. He holds CISSP and CSSLP certifications from ISC2, along with other notable certifications including ITIL, MCSE, CCNA, AWS Foundations and is a certified Scrum Master. Morgan, who has a B.S. in Business Administration and an M.S. in Information Technology Management with Cybersecurity Specialty from Colorado State University. He is also a United States Marine Corps Veteran. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: BSI Financial’s New VP of Client Success Next: The Importance of Single-Family Green Mortgage-Backed Securities Sign up for DS News Daily 2021-04-09 Christina Hughes Babb Related Articles Subscribelast_img read more

Competition Bites The Dust in Face-off with Dell EMC VMAX All Flash

first_imgAs the General Manager of the Dell EMC VMAX business unit, I interact with a variety of customers on a daily basis. It is very clear to me that today’s IT practitioners are increasingly relying on All-Flash storage to consolidate their ever-increasing, performance-hungry workloads amid the explosive growth of data. Given the adoption rate, we expect that over half of all data centers will use only All-Flash arrays for primary data storage within the next three to five years. While there are many All-Flash solutions out there in the market, clearly all are not created equal!We have architected Dell EMC VMAX All Flash arrays to solve the CIO challenge of embracing a modernized flash-centric datacenter for mission-critical applications while simultaneously simplifying, automating, and consolidating IT operations. VMAX All Flash combines the best of new high-density flash technologies with a proven set of rich data services required to build a modern data center. Simultaneously, it continues to deliver the reliability and mission-critical availability that VMAX customers have relied on for more than two decades.Earlier this month, we sat down with 12 independent storage industry experts at a Storage Field Day event and discussed the core architectural tenets of VMAX All Flash that are helping 94% of Fortune 50 companies, 18 out of 20 top banks, 9 out of 10 top life insurance companies and thousands of other customers to manage data growth, reduce data center sprawl, deliver extreme performance and availability while meeting their business SLAs day in and day out. Needless to say, they were impressed! Check out the entire set of VMAX All Flash video recordings at the Storage Field Day 14 site.Figure 1: VMAX All Flash Architectural Details (Video from Storage Field Day)And we are not afraid of going head-to-head against our competition in a public setting!Recently, Principled Technologies evaluated VMAX 250F All Flash and HPE 3PAR 8450 side-by-side with an eye towards how these arrays can handle mixed workloads in a modern data center as well as deliver business continuity in the event of an interruption. Both the arrays were configured with the same number of controllers and similar number of disks/capacity to make it an apples-to-apples comparison.The tests started with performance testing for Oracle Database 12c transactional workloads. Next, a data mart workload was added to determine how the arrays handle this mixed workload. Data marts are a convenient way to move chunks of data from multiple departments to one centralized location that’s easy to access. Businesses rely on the smooth flow of data mart information for reporting, analysis, trending, presentations, and database backups. Ability to consolidate transactional workloads as well as data warehouse sequential workloads on the same platform is a cornerstone of an All-Flash array to serve as the core primary storage platform in today’s data centers.Figure 2: VMAX 250F and 3PAR 8450 IOPS Before and During Data Mart Load AdditionPrincipled Technologies determined that the VMAX 250F handled 39.5% more IOPS on average than the 3PAR 8450 during the data mart load. The VMAX solution handled both reads and writes much faster than the 3PAR solution during the data mart load – up to 145% faster reads and 1,973% faster writes than the HPE solution! The 3PAR 8450 storage array experienced lengthy delays when processing reads and writes at the same time with the added data mart load – read latency increased 129% while write latency increased 2,133%!Figure 3: VMAX 250F and 3PAR 8450 Latency Before and During Data Mart Load AdditionSo what does this mean for you? With the VMAX 250F, you can run your production workloads while always meeting your SLAs and never worry about whether adding an analytics workload, compiling large amounts of data from multiple sources, or performing an extensive backup would affect the performance. With 3PAR 8450, it’s not the same story – long wait times on accessing data when you run mixed workloads will surely frustrate your users and hamper your business.VMAX All Flash SRDF: The Gold Standard for Remote ReplicationThe second phase of Principled Technologies’ comparison of the Dell EMC and HPE 3PAR All-Flash storage involved remote replication and disaster recovery. For the Dell EMC solution, they used Unisphere for VMAX to set up two VMAX 250F arrays with active-active SRDF/Metro remote replication. For the HPE 3PAR solution, they set up one 3PAR 8450 array and one 3PAR 8400 array with Remote Copy and Peer Persistence (which is only available as active-passive at the LUN level) enabled.When Principled Technologies initiated a lost host connection to both the local arrays, the entire workload on the VMAX 250F solution continued to run with no downtime following the outage and all I/O shifting immediately to the remote VMAX 250F. In contrast, the application workload on the 3PAR solution needed to transfer 100% of the I/O to the secondary (passive) site and stopped until they restarted the VM. SRDF/Metro is a true active-active solution, which ensured consistent data access during their site failure. HPE’s Peer Persistence is active-passive at the LUN level. So, during their local storage failure simulation, all the paths were inaccessible until the standby paths to the remote array became active or they restored the connection to the local system and failback occurred. This means the difference between having consistent data access during a site failure or not.Check out all the details of the Principled Technologies testing and their findings.In the end, Principled Technologies discerned that Dell EMC VMAX 250F All Flash storage array lived up to its promises better than the HPE 3PAR 8450 storage array did. We are not surprised – thousands of customers reach the same conclusion day in and day out not only when compared against HPE 3PAR but also against all of our All-Flash enterprise storage competition!Learn more about VMAX All Flash.last_img read more

GRFU trials set for this weekend

first_imgFOLLOWING two XV simulation games over the last two weekends at the National Park, Guyana’s Green Machine will switch their focus back to the Sevens game with trials this weekend. According to correspondence from the Guyana Rugby Football Union (GRFU), they will host Saturday’s session from 15:30hrs.Rondel MacArthur, Avery Corbin, Rockford Cummings, Sean Phillips, Ryan Gonsalves, Peabo Hamilton, Godfrey Broomes, Claudius Butts, Patrick King, Dwayne Schroeder and Elwin Chase are among some of the names called.Also called to trials are: Jamal Angus, Osei McKenzie, Lancelot Adonis, O’Neil Charles, Ryan Dey, Troyton Braithwaite, Kevon David, Akeem Fraser, Akieno James, Daniel DeAbreu, Kevin Wills, Lloyd Anderson, Rashad Butcher, Glenroy Poole, Quacy Kendall, Kesto Mars and Michael Barrow.In an invited comment recently, head coach Kenneth Grant-Stuart had called for an earlier squad selection in order to build cohesiveness in the unit heading to Hong Kong.“It is for the union to put together the team earlier, bring all the players who have to come in early so we can have that togetherness. We are basically doing fitness. Mr Barrington Brown is taking them through mostly strength and conditioning.”Grant-Stuart is also of the view that the squad requires more robust players.“What I’ve encountered in December in Trinidad and Tobago … we realised that our game has to be more robust, more physical, going into Hong Kong because it’s a higher level of competition,” he commented.The Cathay Pacific/HSBC Hong Kong Sevens series will take place from April 7 to 9. (Stephan Sookram)last_img read more

Help wanted: Field Appraiser for Appraiser’s Office

first_imgField Appraiser  I, -Appraiser’s Office, $7.96 – $13.06 per Hour part time/non-exemptPerforms duties relating to the maintenance and gathering of statistical data utilized in arriving at real property values.  Position would be responsible for the accurate gathering of necessary information and for becoming familiar with and understanding Kansas’ property guidelines.  Strong analytical, documentation, organizational and mathematical skills, be able to work outdoors in varying weather conditions.  General office skills are a plus.  Must have valid Kansas Drivers License.Apply online at www.HRePartners.com  Applications close November 30, 2014. If any questions, contact the Sumner Co. Clerk’s Office, ph 620-326-3395 Job description available. EOE.last_img