Three key words to remember: weigh, count and measure. But why? To see what your results are from your activity, your attitude and your philosophy. If you find that the results are not to your liking, there are only three places to look. Your philosophy needs to be fine-tuned, your attitude needs to be strengthened or your disciplines need extra skill. Activity, attitude and philosophy create results.
Here are some good time frames:
2. A week. We ask for an accounting of the week so we can issue the pay. And whatever you've got coming, that's what you get—when the week is over. Now in business, there are two things to check in the course of the week: your activity count and your productivity count. Because activity leads to productivity, we need to count both to see how we're doing.
Eighteen percent of Arizona homes are seriously underwater in value giving the state the ninth worst rate in the U.S., according to new numbers from RealtyTrac. That's an improvement from the depths of the recession but still worse than 41 U.S. states.
The rest of the worst top 10 includes several Florida cities, Detroit, Cleveland and New Haven, Connecticut.
, , and the (FHFA) are reportedly close to reaching an agreement to make sure lenders can be assured they're not at risk of repurchase requests, a move that supporters hope will help jumpstart flagging mortgage activity.
Citing "people familiar with the matter," the Friday that the two GSEs and their conservator are nearing an agreement with lenders that would set clearer definitions of when a loan is considered to be in breach of GSE selling requirements. The agreement could be announced as soon as next week, according to the publication.
A spokesperson for Freddie Mac did not immediately return messages seeking comments or confirmation. Both Fannie Mae and FHFA declined to comment. Companies have been reluctant to grant loans to borrowers in the past few years as banks have been forced to buy back billions’ in mortgages that the agencies said violated their agreements.
Though FHFA has taken steps to help allay those fears with new rules, lenders have remained confused on the agency's definition of fraud. The agreement would clarify what mistakes constitute fraud, the reported. In a separate agreement the GSEs and FHFA are also reportedly considering programs that could reopen the door to guarantee some mortgages with down payments as low as 3 percent, including loans to first-time homebuyers, according to the . Fannie Mae stopped taking such loans last year, while Freddie Mac stopped guaranteeing them years ago.
If completed, the agreement would mark a departure for FHFA, which focused largely on diminishing the GSEs' presence in the mortgage market under the leadership of former Acting Director Edward DeMarco. With Director Mel Watt now in place, the agency seems more bent on expanding credit access to American borrowers who have been unable to purchase a home under today's tight credit conditions.
Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, inched upward nationwide in Q3 despite dropping to their in September, according to 's released on Thursday.
A total of 317,171 residential properties in the U.S. reported foreclosure filings in Q3, which is a decline of 16 percent from the same quarter in 2013 but an increase of 0.42 percent from Q2. It was the first quarter-over-quarter increase reported since the third quarter of 2011. RealtyTrac cited a 2 percent increase in default notices and a 7 percent jump in scheduled foreclosure auctions as the reasons for the quarterly increase in foreclosure filings. The number of bank repossessions (REOs) declined by 12 percent from Q2 to Q3.
The number of foreclosure filings in September (106,866) was down 9 percent from August and down 19 percent from September 2013. September was the 48th consecutive month in which foreclosure filings declined on a year-over-year basis. With the recent decline, foreclosure filings nationwide are at their lowest level since July 2006, a total of 98 months. "September foreclosure activity was back to pre-housing bubble levels nationwide, in large part thanks to a continued slide in bank repossessions," said Daren Blomquist. "However, a recent rise in scheduled foreclosure auctions in many markets across the country shows lenders are continuing to clean house of lingering delinquent loans. This rise in scheduled auctions foreshadows a corresponding rise in bank repossessions and auction sales to third party buyers in the coming months."
The five states with the were Florida, Maryland, New Jersey, Nevada, and Illinois. The five metropolitan statistical areas with the highest foreclosure rates were Orlando, Florida; Atlantic City, New Jersey; Macon, Georgia; Ocala, Florida; and Palm Bay-Melbourne-Titusville, Florida.
Meanwhile, the foreclosure process is taking longer nationwide. In Q3 of 2014, properties were in the foreclosure process for an average of 615 days, an increase of 7 percent from Q2 and 13 percent from Q3 2013. It is the longest average time for the foreclosure process since RealtyTrac began tracking the data in 2007. New Jersey had the longest average foreclosure time of any state at 1,064 days.
The number of default notices nationwide in Q3 increased by 2 percent from the previous quarter but declined by 11 percent from the same quarter a year ago. It was the ninth straight quarter in which default notices declined year-over-year nationwide. Ten states saw a year-over-year increase in default notices in Q3, led by Indiana (up 59 percent), Oklahoma (up 49 percent), Massachusetts (up 38 percent), New Jersey (up 19 percent), and Iowa (up 12 percent).
Scheduled foreclosure auctions in the U.S. totaled 139,721 for Q3, up 7 percent from Q2 but down by 1 percent from Q3 2013, marking the 15th straight quarter in which foreclosure auctions declined year-over-year. The number of scheduled foreclosure auctions rose on a year-over-year basis in 22 states, led by North Carolina and Oregon with an 85 percent increase each, New Jersey (66 percent), Oklahoma (58 percent), and New York (57 percent). Scheduled foreclosure auctions increased in 32 states quarter-over-quarter, led by Michigan with a 34 percent hike, followed by Maryland (up 30 percent) and California, Texas, and Arizona with a 25 percent increase each.
; in the third quarter, lenders repossessed 74,271 residential properties in the U.S. in Q3, representing a decline of 12 percent from Q2 and a drop of 38 percent from Q3 2013. It was the 16th consecutive quarter in which REO activity declined year-over-year. Still, REO activity increased in Q3 from the same period a year ago in seven states, led by Maine (up 24 percent), Maryland (up 19 percent), Oregon (up 13 percent), Georgia (up 11 percent) and New Jersey (up 5 percent).
Bi-Lo Holdings will be closing 23 Bi-Lo and Winn-Dixie stores due to poor performance. These locations, most of which will be shuttered on or before Nov. 19, represent less than 3 percent of the total store base. “With much of our attention during the last two years placed on merging 207 Bi-Lo and 480 Winn-Dixie stores, and integrating 163 acquired Delhaize America stores.
On Friday, Oct. 3, “We notified associates and local community leaders of 23 Bi-Lo and Winn-Dixie grocery stores that we have made the difficult decision to close those stores due to underperformance,” she said. “While closing underperforming stores is never easy for any retailer, we look forward to opening more than 25 new and remodeled stores during the remainder of the fourth quarter of 2014.”
The store closures are spread out across six of the eight states in which Bi-Lo Holdings operates: Alabama, Florida, Georgia, Louisiana, North Carolina and South Carolina.