North Carolina Borrowers Receive Foreclosure Relief Money from SunTrust Settlement

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago North Carolina Borrowers Receive Foreclosure Relief Money from SunTrust Settlement December 7, 2015 1,259 Views Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Foreclosure Settlements North Carolina SunTrust Mortgage 2015-12-07 Brian Honea in Daily Dose, Featured, Foreclosure, News Tagged with: Foreclosure Settlements North Carolina SunTrust Mortgage Subscribe About Author: Kerri Panchuk Kerri Panchuk is an attorney and financial writer with more than a decade of experience covering real estate, default servicing, residential mortgage-backed securities, retail, macroeconomics, and commercial real estate. Panchuk graduated from the Southern Methodist University Dedman School of Law and texas Tech University, Panchuk previously served DSNews.com as online managing editor/producer and webcast anchor. In April, she rejoined the Fiver Star Institute as executive director of member groups, overseeing the development and growth of the National Appraisal Congress and Title and Closing Coalition. Panchuk is a member of the State Bar of Texas. Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save “Through these agreements we’re holding banks accountable for past problems and preventing future ones.”Roy Cooper, North Carolina Attorney GeneralThe deal was made after allegations from attorneys generals surfaced, claiming the bank violated foreclosure, servicing or loan modification practices, harming borrowers who were already in distress and who may have had other relief options available at the time.“This is welcome relief for North Carolina families who suffered foreclosures done wrong,” said AG Roy Cooper. “Through these agreements we’re holding banks accountable for past problems and preventing future ones.”Cooper’s office says the AG’s settlement with SunTrust is based on the National Mortgage Settlement negotiated back in 2012 with the country’s largest mortgage servicers—Ally/GMAC, Bank of America, JPMorgan Chase, Citi and Wells Fargo.Cooper previously negotiated a $26-million settlement with Ocwen Financial as part of a larger $2.1 billion deal covering national mortgage servicing issues. Previous: Expanded Loan-Level Dataset Aimed at Helping Investors Support Credit Risk Offerings Next: Merging Landlords See Growing Profit in Single Family Rentals North Carolina residents harmed by mishandled or suspect foreclosures in the aftermath of the financial crisis are set to receive $2 million in cash payments from SunTrust Mortgage as part of a larger $550 million settlement, the state’s Attorney General confirmed in a press statement.North Carolina Attorney General Roy Cooper announced Friday that $23.5 million in financial relief will be distributed to roughly 1,400 North Carolina homeowners who had mortgages serviced by SunTrust and who faced foreclosures during the time period running from Jan. 1, 2008, through Dec. 31, 2013.As part of the deal with SunTrust, the bank has forgiven $2.8 million in first liens and approximately $2 million in first and second liens to facilitate short-sale transactions for impacted homeowners.The $2 million payout will provide cash to North Carolina consumers who lost their homes and who alleged misconduct on the part of SunTrust for either unauthorized foreclosures or violations of servicing and foreclosure practices.The North Carolina settlement is part of a much larger $550 million deal that SunTrust struck with 49 states, the District of Columbia and federal authorities. Home / Daily Dose / North Carolina Borrowers Receive Foreclosure Relief Money from SunTrust Settlement Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Postlast_img read more

Journeys cause the most stress

first_imgJourneys cause the most stressOn 1 Dec 2000 in Personnel Today Old technology causes more stress than new technology, according to a majorreport by the International Stress Management Association. The report found that 19th century machines, such as trains and cars, werethe big culprits, especially during recent transport problems. Only 20 per cent of respondents said new technology caused informationoverload and stress, and 52 per cent strongly disagreed with that suggestion. Commuting to work was considered more stressful than anything else by 45 percent of respondents. Carole Spiers, OH consultant and chair of the NationalStress Awareness Day committee, said the occupational health damage caused bylong journeys to work had been underestimated. Comments are closed. Related posts:No related photos. Previous Article Next Articlelast_img read more

Professors react to Pope’s remarks

first_imgPope Francis made headlines worldwide when a lengthy interview with Italian Jesuit journal “La Civiltà Cattolica” published last Thursday suggested his leadership would alter the Catholic Church’s focus on social issues. Notre Dame theology experts said it is clear that Francis’ statements provide a potential perspective change but not a radical upending of Church teaching. Pope Francis’s words on abortion, same-sex marriage and contraception generated controversy. “It is not necessary to talk about these issues all the time,” Pope Francis said in the interview. “The dogmatic and moral teachings of the Church are not all equivalent. The Church’s pastoral ministry cannot be obsessed with the transmission of a disjointed multitude of doctrines to be imposed insistently.” Theology professor Fr. Brian Daley, a member of the Jesuit order like Pope Francis, said he does not find Francis’ ideas revolutionary but rather just a demonstration of different style and points of emphasis. “As [Pope Francis] has said, what he’s saying has been there in the Catechism, it’s been there in the teaching of the Church, but people perhaps haven’t realized it,” Daley said. “Part of it is the way the media picks it up and spins it. But I do think the style of the Pope is distinct, and it’s very much his own. And to a great extent, I think it comes out of his Jesuit spiritual background and the Jesuit way of approaching pastoral issues.” Daley said the Jesuit tradition has been to be at the service of the Church, training the members of the order intellectually “in the highest standards of the day,” but also to be deeply rooted spiritually in prayer, contemplation and the Gospels. “I think the basic instinct of the Jesuits and modern Ignatian spirituality in general is a pastoral one,” Daley said. “It’s a matter of asking what can we do to help people come into contact with Christ and follow him. “And as Francis says, it’s not that the rules that the Church presents us with are false or irrelevant, but the Church is not basically there to announce rules. It’s there to pronounce God’s love to people.” John Cavadini, theology professor and director of the Institute for Church Life at Notre Dame, said he sees Francis’ statements as a continuation of Pope Emeritus Benedict XVI’s reminder to focus on the essentials of Catholicism. “What [Pope Francis] has been saying is very much in keeping with Pope Benedict,” Cavadini said. “I think people see there being this division between them, but remember that Pope Benedict published his first papal encyclical on love, called ‘God Is Love.’ I don’t think you can get more essential than that.” Benedict’s next two encyclicals were on hope and faith, respectively, and Cavadini said Francis’ statement last week highlights the same focus on these essentials in a different way. “Pope Francis has a very distinctive pastoral application of this emphasis on the essentials,” Cavadini said. “What he’s basically saying is that you don’t attract people to the faith and you don’t keep people in the faith by concentrating all the time on things that aren’t part of the essential proclamation. “And so what you end up doing, maybe, is making people forget what the essentials are if you’re always talking about other things and you have what he called a kind of ‘fragmented message.’ I think there is a very fundamental continuity with Pope Benedict’s emphasis on the basics, but I think there is a difference in style and a difference in pastoral application.” Pope Francis said the Church must find a new balance or else its moral edifice would be in danger of “[falling] like a house of cards.” Cavadini said Francis is trying to steer the attention to the most essential parts of Catholicism that make the faith vibrant to believers. “The whole point is to convey the beauty of the whole so the more difficult teachings don’t seem like just isolated invitations to desolations, but part of a larger piece and part of a Church that cares about everybody,” Cavadini said. “If the Church shows itself to be a caring communion, then it’s easier for people because there’s something lifted in their lives all the sudden if someone is willing to help them.” This “pastoral framework” for approaching people could transform the whole communion of the Church without altering any of its moral teachings, he said. Pope Francis’ new approach to these teachings partially stems from his different background compared to that of Pope Benedict. “Pope Benedict was a professor … and he became a bishop not out of a pastoral parish experience as much as from a professorial experience,” Cavadini said. “I don’t like people saying Benedict is bad and Francis is good; I think that’s just very superficial because Pope Benedict was a very loving person, a very smart person, but a professor. “He focused on the essentials but spun it as saying ‘these are our foundations, and that keeps us from succumbing to cultural relativism.’ I think Francis, taking the same emphasis on the essentials, says ‘how do we translate this into a way of pastoring or shepherding?’ I think Francis thinks that it translates into a pastoral care of warmth and presence … carries those essentials of the Gospel with them.” Daley said he sees Pope Francis as “an intellectual but not an academic,” especially taking into account his background in Argentina and his appreciation for world culture. “I think [Francis] operates on a fairly imaginative level,” Daley said. “And Benedict does too, but Benedict is the shyer person; he’s kind of an introvert, I think. And he’s a first-class intellectual theologian … where Francis is much more of an extrovert, a charismatic personality. “I think what he’s doing is a typically Jesuit approach, training himself as well as possible in human culture and human understanding … I think he’s really someone who tries to think in contact with the present time, but the reason for this is always to do the work of God and bring the Gospel to people.” Cavadini said viewing these issues as part of the larger context of the essentials of faith makes it clear that the Church’s mission goes beyond rule-making and finger-pointing. “These are pastoral issues before they’re political issues,” he said. “I think that makes a big difference to people’s lives. With this new approach, you create new possibilities with that warmth and presence and a willingness to bear people’s burdens with them.”last_img read more

2020 Hay Contest Winners

first_imgDespite the challenges of the pandemic, 370 entries were submitted in the 2020 Southeastern Hay Contest (SEHC), just below the record-setting number of submissions for 2019. More states submitted samples to the contest than ever before, with nine represented.The grand prize was awarded to Brian Johnson of McKenney, Virginia, for his alfalfa hay sample. Johnson received $1,000 from Massey Ferguson and the choice of a new Massey Ferguson DM Series disc mower or RK Series rotary rake to use for next year’s hay production season. The top three entries in each category received cash prizes of $150, $100 and $50, respectively.All of the winners were announced Jan. 5 at the American Forage and Grassland Council annual conference in Savannah, Georgia.The contest is a collaborative partnership between the thirteen university Cooperative Extension programs in the southeast. Entries were judged by the UGA Feed and Environmental Water Lab using near-infrared reflectance spectroscopy testing procedures. The sample with the highest relative forage quality (RFQ) score wins. The RFQ score rates the forage quality based on protein, energy and fiber digestibility.This year’s winners in each category are as follows:Warm Season Perennial Grass Hay:Eddy Turner Farm; Tennille, GeorgiaJeff Bacon; Dudley, GeorgiaJ & R Farms; Edge Hill, GeorgiaAlfalfa Hay:Brian Johnson; McKenney, VirginiaStegall Farms, LLC; Peachland, North CarolinaBucky Malcolm; Madison, GeorgiaPerennial Peanut Hay:Bill Conrad; Malone, FloridaMcGehee Farms; High Springs, FloridaWilliams Farm; Graceville, FloridaCool Season Perennial Grass Hay:B & B Farm Services; Thomaston, GeorgiaOak Ridge Ranch, LLC; Dahlonega, GeorgiaSeldom Rest Farm; Pulaski, TennesseeMixed, Annual Grass or other Hay:Pittman Farms (Jerry Pittman); Nicholson, GeorgiaR+A Farm; Brodnax, VirginiaThousand Hills Farm LLC; Philomont, VirginiaGrass Baleage:Walters Farm; Barnesville, GeorgiaSSS Farms; Thomaston, GeorgiaKenneth D. McMichael; Monticello, GeorgiaLegume Baleage:Walters Farm; Barnesville, GeorgiaSewell Farms; Chipley, FloridaRob Woods; Vernon, FloridaThe contest is open to any hay or baleage producer from Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, or Virginia, as well as parts of Oklahoma and Texas.All entries for the 2021 contest must be received by Sept. 1, and winners will be notified by Oct. 1. Awards will be presented during the Sunbelt Agricultural Expo on Oct. 19.More information on how to enter the contest can be found at www.sehaycontest.com or by following on the Facebook page @SEHayContest.last_img read more