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Covid-19 is forcing mortgage and rent delays

Mortgage and rent payments for the month of May are now due. CNBC's Diana Olick reports on how many Americans are unable to pay as the coronavirus crisis continues.




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I just refinanced my mortgage, despite coronavirus. Here's what I learned

Two months after applying for a new loan, I closed on April 27. The process was painless, but some things were worth noting for those exploring an online mortgage or refinance during coronavirus.




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Weekly mortgage applications show real recovery in homebuying, as interest rates set another record low

Homebuyers appear to be heading slowly back into the market, as the coronavirus-stricken economy begins to reopen.




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Struggling to pay your mortgage? Here's how to get help

If you have been financially impacted by Covid-19 and are worried about paying your mortgage, you could consider applying for forbearance. Under the Cares Act, struggling homeowners can either reduce or pause payments on a federally backed mortgage loan. Many private lenders are also offering relief.




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Mortgage bailout swells to 4.1 million borrowers, but demand is slowing

In the past week, 225,000 more borrowers took advantage of government and bank mortgage forbearance programs, according to data firm Black Knight.




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Mortgage holidays: a break is tempting, but it will cost you

About 2m Britons have paused payments in the coronavirus crisis. Readers share their concerns

Almost one in five UK mortgage holders have now been granted a payment holiday, it was estimated this week – but people’s experiences of the process have been very different. Some struggled to get a holiday while others say it was almost too easy. And while for some it will add just a few pounds to their monthly mortgage bill, others say their outlay will rise by a lot more.

The Guardian asked readers who had applied for a mortgage payment holiday, or help with other debts, how they got on. Almost 200 people contacted us to tell us their stories.

Continue reading...




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Mortal remains of Army Major killed in Jammu and Kashmir reaches Thane

Thane: Thousands of people, including grieving family members and friends, in Thane on Thursday received the mortal remains of Major Kaustubh P. Rane who was killed in a gun battle in Jammu and Kashmir. Rane was among the four Army personnel killed in a gunfight with terrorists near the Line of Control (LoC) in Bandipura district on Tuesday. His body reached his home in Mira Road town early on Thursday, an official said.

Late on Wednesday, the coffin, draped in the national Tricolour, arrived in Mumbai where it was solemnly received by Rane's grieving family members, Army and civilian officials. Early on Thursday, decked with flowers the coffin was brought to his hometown in a military truck for the last rites which will be performed with full military honours later in the day.

Thousands of emotional onlookers lined the roads on both sides or from building tops and terraces as they showered flowers on the coffin, raising slogans of "Major Kaustubh Rane, Amar Rahe" and "Bharat Mata Ki Jai", waving the Indian flag. Many women could be seen weeping.

Since Tuesday, the Mira Road township has been in mourning over the death of their hero, who lived over 25 years in Sheetal Nagar area, barely five km north of Mumbai. Rane, 29, is survived by his aged parents Prakash and Jyoti Rane, sister Kashyapi, wife Kanika and a two-and-half-year-old son Agastya.

His father had retired from a Tata Group company, while his mother is a former Assistant Headmistress of Utkarsh Mandir High School in Malad, Mumbai. The only son of his parents, Rane fulfilled his childhood dreams of joining the armed forces by completing his military training from Pune and was later commissioned as an officer from the elite Officers Training Academy, Chennai in 2011.

The Major had visited Mira Road town in April for a brief period before returning to the front. It was a proud moment for the family when Rane was decorated with the Sena Gallantry Medal by President Ram Nath Kovind on the 69th Republic Day celebrations this year.

Also read: Mumbai: Mira Road family mourns 29-year-old martyred Major

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

Edited by mid-day online desk with inputs from IANS





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Coronavirus outbreak: Maharashtra's mortality rate due to coronavirus is 4.24 percent, says Health Department

The mortality rate in Maharashtra due to coronavirus is 4.24 per cent said the State Health Department on Monday. "With 440 new COVID-19 cases, the total number of cases in Maharashtra has mounted to 8,068. Besides, the total number of deaths has reached 342 after 19 new deaths were reported," said an official statement from the Health Department.

The statement also said, "While India's mortality rate is 3.13%, the mortality rate in Maharashtra due to coronavirus is at 4.24 per cent."

According to the latest update by the Ministry of Health and Family Welfare, the total number of coronavirus cases in the country stands at 27,892, of which 6185 have recovered/migrated and 872 patients have succumbed to the disease.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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India's COVID-19 mortality rate lowest in world, over 10,000 patients discharged, says Harsh Vardhan

Union Health and Family Welfare Minister Dr Harsh Vardhan on Sunday said that India's COVID-19 mortality rate of 3.2 per cent is the lowest in the world and over 10,000 coronavirus patients have been discharged from hospitals after recovering from the disease so far.

"Today more than 10,000 COVID-19 patients have been discharged. Those still admitted at hospitals are on the road to recovery. If in last 14 days doubling rate was 10.5 days, then today it is around 12 days," the Minister told ANI after visiting Lady Hardinge Hospital.

"Our mortality rate of 3.2 per cent is the lowest in the world," he said. With 2,644 more COVID-19 cases and 83 deaths in the last 24 hours, the number of people infected from coronavirus in the country has reached 39,980 including 1,301 deaths, said the Union Ministry of Health and Family Welfare on Sunday.

Currently, there are 28,046 active cases while 10,633 COVID-19 positive patients have been cured/discharged.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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Due to Nursing Staff Shortfalls, Risk of Hospital Patient Mortality Increases

Nurses are the front-line caregivers to hospital patients, coordinating and providing direct care and delivering it safely and reliably. The goal for




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Nurse to Patient Ratio Influences Patient Mortality Rates in the UK

Patient mortality rates are significantly lesser among nurses who take care of six patients than nurses who take care of more than ten, revealed a new study.




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Research Unearths Publicly Funded Pregnancy-related Programs Can Improve Maternal Mortality Rates

The study conducted by FAU College of Business faculty members Patrick Bernet, Ph.D., Gulcin Gumus, Ph.D., and Sharmila Vishwasrao, Ph.D., and recently




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Rick and Morty: Chris Parnell Gives Update on Season 5

"It's not a big leap for me to play Jerry." Chris Parnell appeared on the latest WFH Theater to give an update on the status of Rick and Morty: Season 5 and talk about the challenges of playing Jerry Smith.




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Telephonic Interviews For/Pre Underwriting/US Mortgage Call/whatsapp HR SUZAN@ 9538987000 Sal 5L

Company: Job Shop
Experience: 1 to 9
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Summary: Here's an awesome opportunity for the Residential/Pre Underwriting/Loan processing/Closing/Retail Processing/Wholesale Closing(US Mortgage).Call/whatsapp HR SUZAN@ 9538987000 Sal 5L




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Kajal Aggarwal to be immortalised as wax statue at Madame Tussauds in Singapore

Kajal Aggarwal has become the first South Indian actress to get her wax statue at the Madame Tussauds in Singapore.




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Legal –Retail Banking –Commercial Banking-MORTGAGES for a BANK in Hyderabad

Company: One March India
Qualification: Bachelors of Law (B.L/L.L.B)
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Summary: The Code- Legal –Retail Banking –Commercial Banking”” • Location – Hyderbad • Present Salary/CTC (Fixed+ Variables) •....




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United Kingdom Mortgage Approvals

Mortgage Approvals in the United Kingdom decreased to 56.16 Thousand in March from 73.67 Thousand in February of 2020. Mortgage Approvals in the United Kingdom averaged 83.91 Thousand from 1986 until 2020, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.36 Thousand in November of 2008. Mortgage approvals for house purchase refers to the firm offers of lenders to advance credit secured on specific dwellings to their customers. It covers approvals that are fully secured on residential property by a first mortgage. It includes existing borrowers transferring their existing mortgage to another property, lending to first-time purchasers and lending for buy-to-let purposes. This page provides the latest reported value for - United Kingdom Mortgage Approvals - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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OECD forecasts during and after the financial crisis: a post mortem

This note discusses OECD forecast performance over the period 2007 12. It focuses on the lessons that can be learned from cross-country differences in growth forecast errors and the changes to forecasting models and procedures that have been prompted by the experience of the crisis.




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United States MBA Mortgage Applications

Mortgage Application in the United States increased by 0.10 percent in the week ending May 1 of 2020 over the previous week. Mortgage Applications in the United States averaged 0.57 percent from 2007 until 2020, reaching an all time high of 55.40 percent in March of 2020 and a record low of -38.80 percent in January of 2009. In the US, the MBA Weekly Mortgage Application Survey is a comprehensive overview of the nationwide mortgage market and covers all types of mortgage originators, including commercial banks, thrift institutions and mortgage banking companies. The entire market is represented by the Market Index which covers all mortgage applications during the week, whether for a purchase or to refinance. This page provides - United States MBA Mortgage Applications - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Oman Mortgage Approvals

Mortgage Approvals in Oman increased to 1348 in February from 1087 in January of 2020. Mortgage Approvals in Oman averaged 1485.61 from 2011 until 2020, reaching an all time high of 2595 in March of 2016 and a record low of 139 in July of 2017. This page provides - Oman Mortgage Approvals- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Spain Mortgage Approvals

Mortgage Approvals in Spain decreased to 36050 Units in February from 39314 Units in January of 2020. Mortgage Approvals in Spain averaged 52140.30 Units from 2003 until 2020, reaching an all time high of 129128 Units in September of 2005 and a record low of 12146 Units in August of 2013. This page provides - Spain Mortgage Approvals- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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BingeWatch: Rick and Morty is space comedy fuelled by booze and snark

With new episodes launching today, now is the perfect time to revel in the cruel humour of the hit cartoon




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UK mortgage market, Indian banks and UBS leadership

Patrick Jenkins and guests discuss the outlook for the UK mortgage market, the reform of India's state-owned banks and leadership changes at UBS. With special guest Darren Cook, Mortgage Analytics Manager at Moneyfacts.


Contributors: Patrick Jenkins, financial editor, Nicholas Megaw, retail banking correspondent, Benjamin Parkin, Mumbai correspondent, Alice Ross, wealth correspondent, and Stephen Morris, European banking correspondent. Producer: Fiona Symon

 

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How to find a financial adviser, general election planning for your finances and the rise of the 40 year mortgage

How to find a financial adviser - a relationship with an adviser you can trust is something that FT readers often tell us is hard to come by. FT Money editor Claer Barrett talks to Damian Fantato, deputy editor of FT Adviser about the solution. Plus, with less than a month to go until the general election, financial advisers tell us they are getting calls from a lot of worried clients - we discuss what's troubling them. And finally, the rise of the 40-year mortgage - Paul Lewis, presenter of BBC Moneybox is here to share his own worries about extra long hours.

 

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Split mortgages, scams, and free money for childcare

Do you want to find out how to do the splits on your mortgage? FT Money Show presenter Claer Barrett is not talking about stretching yourself, but instead, how thousands of borrowers are finding their mortgage lender is flexible enough to give them more than one type of mortgage. Next up, nearly a million people reported scam calls, texts or emails from criminals posing as UK tax authority HMRC last year - we tell you how to protect yourself. And finally, despite the rising cost of childcare, statistics show a million parents are not claiming for the tax free childcare they are entitled to - are you one of them?

 

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Nationwide pulls tracker mortgages after historic base rate cut 

Mortgage products tracking base rate vanish as ‘the numbers no longer stack up’ 




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Fed buys more mortgage bonds as rates rise above 4%

US central bank accelerates purchases to stabilise market for securities backed by home loans




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Lenders sound warning on mortgage holidays

Households urged to consider options such as reduced payments instead of delaying debt




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Banks say Fed rescue threatens mortgage hedging strategies 

Regulatory action sought to prevent intervention from having unintended consequences




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US mortgage lenders face liquidity crunch

Non-bank lenders put on downgrade watch as sector braces for wave of borrowers not paying




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£1m-plus mortgage borrowers pay over the odds

Interest rate disparity could add nearly £2,500 per month to the cost of servicing a £5m mortgage 




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Home improvers hit by remortgage problems

Dig downs and loft extensions may increase the value of a home, but it’s hard to borrow against this




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Yorkshire Building Society’s tracker-to-fixed mortgages

Fixed rate that applies in years three to five has been cut




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Chelsea’s five-year fixed-rate mortgage

3.19 per cent deal comes with a fee of £1,495




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Cashback for Santander mortgage customers

1% cashback for mortgage customers with 123 account




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Why US mortgage rates should be even lower

Uncertainty over loan forbearance prevents savings being passed on




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Bonus restrictions hamper City mortgage borrowers

Lenders reluctant to count payments as affordability checks tighten




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Exclusive: Shake Shack CEO talks bailout failings; climate chaos ahead for mortgage market; EU green plans charge forward




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Can I cut our mortgage costs by negotiating a lower rate? 

Our household income has been hit hard by the coronavirus pandemic




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Michelle Keegan is mortified after her dog Phoebe causes chaos during Brassic livestream

The actress, 32, was forced to briefly exit the live stream after someone set off her doorbell causing Phoebe to bark incessantly.




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Where to find the best mortgage deals as home loans are hit by Trump's election win

The cost to banks of funding mortgages has leapt since Mr Trump's surprise win, and experts expect these rises to be passed on to homeowners.




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Mortgage broker accused of paying Filipino nanny just $2 an HOUR to work in his Sydney apartment

The nanny was allegedly hired from the Philippines by agents for Tony Lam and lived with him and his wife and their two children in the Sydney CBD.




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Family faces agonising wait after eight-hour post-mortem fails to reveal how Nora Quoirin's died

Police in Malaysia said Nora Quoirin's family would have to wait until at least today for the results of tests that may unravel the mystery of her death. Her body was found in the jungle on Tuesday.




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Paul Ince's bizarre managerial methods revealed by Blackburn legend Morten Gamst Pedersen

Blackburn Rovers legend Morten Gamst Pedersen has given a rare insight into the wild days under Paul Ince at Ewood Park, in which the players were pushed to the edge by the ex-midfield general.




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Real Housewives Of New York City: Tinsley Mortimer and mother Dale Mercer cry backstage at NYFW

The 44-year-old reality star cried along with her mother Dale Mercer as the former 'It girl' regained her 'spark' on Thursday's episode of The Real Housewives Of New York City.




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Charlie Sheen 'trying to sell Beverly Hills mansion for $8.5m after defaulting on mortgage'

Charlie Sheen has been hit with a further blow since the actor, 53, could lose his Beverly Hills mansion after reportedly defaulting on his mortgage, according to The Blast .




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Gal Gadot shows she's a mortal human as she gasps for air during hike with husband Yaron Varsano

Gal Gadot shows she's a mere mortal human as she gasps for air during a rigorous hike with husband Yaron Varsano and their pet pooch in Los Angeles on Tuesday.




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Rhonda Burchmore recalls the mortifying moment she fell over while performing for Princess Diana 

Rhonda Burchmore has recalled the embarrassing moment she slipped over on stage while performing for Princess Diana in the early '90s.




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Commercial mortgage market on 'brink of COVID-19 collapse'

Tom Barrack, who is the CEO and chairman of Colony Capital Inc., has warned that the US commercial mortgage market is on the brink of collapse due to the coronavirus.




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Birmingham airport could become a temporary mortuary for up to 12,000 bodies

Birmingham airport could become a temporary mortuary for up to 12,000 bodies, in a worst-case scenario, as construction begins on another emergency morgue in Upminster, Essex.