first_imgDublin GAA legend Barney Rock has said Michael Murphy was born to captain Ireland.Michael MurphyThe Glenswilly man has been named captain of the Irish compromise rules term to face Australia shortly.And Rock says that manager Paul Earley could not have made a better choice. “Murphy is the right man for the job for a number of reasons, but the most important is that he is built to thrive in the compromise game.“He has the size, the power and the ability to be Ireland best player over the two Tests,” said Rock.And the former All-Ireland winner says that Murphy would almost certainly have been a huge star if he had chosen to go Down Under and play Aussie Rules when given the opportunity a few years ago.“Physically and skill-set wise he is such a good fit for this, it was no surprise as a teenager that he was a top target of the AFL clubs. “You sense that if he had taken up that option he would have almost certainly have made it in that game.”Earley paid tribute to Jim McGuinness for sticking with Murphy and putting such responsibility on his young shoulders. MURPHY WAS BORN TO CAPTAIN IRELAND – DUBS LEGEND ROCK was last modified: October 5th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Barney RockCompromise RulesMichael Murphylast_img read more

Gauging Mortgage Performance

first_img in Daily Dose, Featured, News, Servicing Some of the biggest banks in the U.S. reported an improvement in the overall mortgage performance in Q3 according to the Office of the Comptroller of Currency’s (OCC’s) Mortgage Metrics report.The report revealed that as of September 30, 2018, the reporting banks had serviced 17.2 million first-lien mortgage loans with $3.26 trillion in unpaid principal balances indicating 32 percent of all residential mortgage debt outstanding in the U.S. This indicated that 95.4 percent mortgages were current and performing compared with 94.8 percent a year ago.Looking at loan modifications in Q3, the report indicated that servicers completed 25,701 modifications, a decrease of 21.3 percent over the last quarter. Of these, 21,766 were combination modifications that included “multiple actions affecting affordability and sustainability of the loan, such as an interest rate reduction and a term extension.”Among the 21,766 completed combination modifications, the report said, 96.6 percent included capitalization of delinquent interest and fees, 43.4 percent included an interest rate reduction or freeze, 96 percent included a term extension, 1.2 percent a principal reduction, and 13.5 percent included principal deferral.The report also said that of the 23,427 modifications that were completed during the first quarter of 2018, “servicers reported 3,580, or 15.3 percent, were 60 or more days past due or in the process of foreclosure at the end of the month that they became six months old.”Servicers also initiated 28,508 new foreclosures during the third quarter of 2018, according to This marked a 3.7 percent quarter-over-quarter decrease and a 16.8 percent decline from a year ago.Home forfeiture actions during the quarter that included completed foreclosure sales, short sales, and deed-in-lieu-of-foreclosure action, decreased 30.4 percent from last year to 15,506.The report is based on data collected on first-lien residential mortgage loans serviced by seven national banks with large mortgage servicing portfolios. They include Bank of America, Citibank, HSBC, JPMorgan Chase, PNC Bank, U.S. Bank, and Wells Fargo. The report excludes mortgage loans like junior liens, home equity lines of credit (HELOC), and reverse mortgages.Click here to read the full report. December 13, 2018 652 Views Bank of America CitiBank Foreclosure HSBC JPMorgan Chase Loan Modification mortgage Mortgage Performance OCC PNC Bank U.S. Bank Wells Fargo 2018-12-13 Radhika Ojhacenter_img Gauging Mortgage Performance Sharelast_img read more