Application Defect Rate Up Amidst Seller’s Market defect rate First American Sellers Market 2017-04-28 Aly J. Yale The rate of defects, fraud, and misrepresentation in mortgage applications is up nearly 4 percent over February, according to the Loan Application Defect Index released by First American on Friday.The Index, which estimates the frequency of defects in information submitted in mortgage applications, shows that defects, misrepresentation, and fraudulence rose 3.9 percent from February to March, as well as over the year. This was the fourth consecutive month the Defect Index has increased.According to Mark Fleming, Chief Economist at First American, the inventory-strapped seller’s market is likely to blame for rising defects.“We are experiencing one of the strongest sellers’ markets in recent memory,” Fleming said, “and the ‘speed-buying’ that is required for home buyers to make an offer and win a bid for homes they like may be contributing to the increase in defect, misrepresentation, and fraud risk that we are observing.”The Defect Index was up for the month on both refinance and purchase loans, rising 3.3 percent and 2.4 percent, respectively. Over the year, defects were down 4.5 percent on refinance transactions and up 3.6 percent on purchase ones.Defects varied greatly at the local level. According to the report, the markets with the highest risk of defects were in the Southern part of the U.S., with the top five including McAllen, Texas; Charleston, South Carolina; Tampa, Florida; Knoxville, Tennessee; and Baton Rouge, Louisiana.“Defect, fraud and misrepresentation risk is increasingly becoming a regional phenomenon,” Fleming said. “The risk is concentrating in attractive local markets where housing demand is the strongest, primarily in the South,” said Fleming. “The South may not be so charming anymore if you manage loan fraud and misrepresentation risk.”According to Fleming, this falls in line with the “seller’s market” causation theory.“The South is also one of the strongest regions of the country for housing demand,” Fleming said. “According to the most recent National Association of Realtors’ existing-home sales release, the rate of existing-home sales increased 8.5 percent in March compared to a year ago. Additionally, the median price in the South was up 8.6 percent compared to a year ago.”Markets in the Northeastern part of the country have a much lower rate of defect. Scranton, Pennsylvania; Toledo, Ohio; Rochester, New York; Albany, New York; and Harrisburg, Pennsylvania, had the lowest levels of defect and fraud in the nation. Share in Daily Dose, Data, Headlines, News April 28, 2017 653 Views
TR4 confirmed in Colombia as country declares “nat … February 13 , 2019 Sigatoka risk greatly increased by climate change, … You might also be interested in “2018 was a complex year for Colombian agricultural exports, but the banana sector grew by 2.52% compared to 2017,” said Juan Camilo Restrepo Gómez.”The year was influenced by climatological factors like the El Niño Phenomenon and the high amount of wind in the production areas, which reduced fruit production during some months of the year.”He added in 2019 it will be fundamental to advance on the implementation of a country-wide label or a denomination of origin to help grow in markets and open new destinations.In late December Augura warned producers to prepare for a dry spell expected to last over the first few months of this year. The Colombian banana industry closed 2018 with a production of a little over 100 million boxes, marking nearly 3% year-on-year growth despite some weather-related challenges.Industry association Augura, whose members represent 78% of the total volume, said the country’s crop was equivalent in value to US$859 million.Bananas remain Colombia’s third-largest agricultural export after coffee and flowers. U.S. judge denies Chiquita’s request to be let out … Australia: Queensland govt boosts TR4 funding, cal …
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by Shawn Marsh, The Associated Press Posted Jul 9, 2018 7:42 am PDT Last Updated Jul 9, 2018 at 11:20 am PDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Actor Tab Hunter, star of ‘Damn Yankees’ movie, dies age 86 Tab Hunter, the blond actor and singer who was a heartthrob for millions of teenagers in the 1950s with such films as “Battle Cry” and “Damn Yankees” and received new attention decades later when he revealed that he was gay, has died. He was 86.Producer and spouse Allan Glaser said Hunter died Sunday of a blood clot in his leg that caused cardiac arrest. Glaser called the death “sudden and unexpected.”Hunter was a star for several years. In addition to his hit movies, his recording of “Young Love” topped the Billboard pop chart in 1957.But in his 2005 memoir, “Tab Hunter Confidential: The Making of a Movie Star,” Hunter recounted the stresses of being a love object to millions of young women when he was, in reality, a gay man.“I believed, wholeheartedly — still do — that a person’s happiness depends on being true to themselves,” he wrote. “The dilemma, of course, that was being true to myself — and I’m talking sexually now — was impossible in 1953.”Among those stars honouring Hunter on Monday included Harvey Fierstein, who called Hunter a “gay icon” and a “true gentleman” on Twitter, adding, “We shared some good laughs back in the 80’s. I was always fond of this dear man.”Zachary Quinto on Instagram also cheered Hunter’s “vital and generous nature” and called him a “pioneer of self-acceptance” who moved through the world “with authenticity as his guide.” GLAAD tweeted “Our hearts are with Tab’s loved ones.”Born Arthur Andrew Kelm, his screen tab (slang for “name” at the time) was fabricated by Henry Willson, the same talent agent who came up with the names Rock Hudson and Rory Calhoun.The legend goes that Willson said to the young man: “We’ve got to find something to tab you with. Do you have any hobbies?” His client answered, “I ride horses. Hunters.” Agent: “That’s it! We’ll call you Tab Hunter.”With no dramatic training, Hunter was cast in a minor role in the 1950 drama, “The Lawless.” The fuss over the young actor began two years later when he appeared bare-chested opposite Linda Darnell in the British-made “Island of Desire.” Soon his handsome face and muscular build appeared on magazine covers. Warner Bros., alert to the increasingly important youth market, signed him to a contract.Hunter made a flurry of movies in the latter half of the 1950s, aimed at capitalizing on his popularity with young girls. The films included such war dramas as “Battle Cry” (with Van Heflin) and “Lafayette Escadrille” (Clint Eastwood in a small role). He made the Westerns “The Burning Hills” (Natalie Wood) and “They Came to Cordura” (Gary Cooper, Rita Hayworth). And he made romantic comedies like “The Pleasure of His Company” (Fred Astaire, Debbie Reynolds.)A highlight was the 1958 “Damn Yankees,” an adaptation of the hit Broadway musical with Gwen Verdon and Ray Walston in their Tony-winning New York roles and the original director, George Abbott, sharing direction with Stanley Donen. The New York Times’ critic noted that Hunter “has the clean, naive look of a lad breaking into the big leagues and into the magical company of a first-rate star.”Besides the movies, he displayed his athletic skills — he had been a figure skater as well as horseman — in a TV special, “Hans Brinker, or the Silver Skates.”As with so many pop idols, his fans grew up and a new generation sought other favourites. His slide followed the classic pattern: to a television series (“The Tab Hunter Show,” on NBC, 1960-62); European films (“The Golden Arrow”) and cheap kid flicks (“Ride the Wild Surf.”) In his memoir, he took pains to note that “Ride the Wild Surf” was his only beach-party movie; his “Operation Bikini,” despite its title, was “yet another war movie.”Over the years, he also played small roles in “The Loved One,” ”The Life and Times of Judge Roy Bean” and “Grease 2.”In the 1980s, he won new fans by appearing in cult movies with Divine, the 300-pound drag performer, notably John Waters’ 1981 “Polyester” and Paul Bartel’s 1985 “Lust in the Dust,” co-produced by Hunter himself.Of “Polyester,” Hunter wrote: “Everybody got the joke. … For both John and me, our collaboration paid huge dividends: I’d helped ‘legitimize’ his brand of movie, and he made me ‘hip’ overnight.”Hunter appeared on Broadway in 1964 in Tennessee Williams’ “The Milk Train Doesn’t Stop Here Anymore” opposite the formidable Tallulah Bankhead. The play closed within days, and he said it was “completely buried under Tallulah’s offhanded trademark campiness.”Hunter was born in 1931 in New York City, the second son of a mechanic and his German immigrant wife. His father left the family two years later and the boy took his mother’s name, Gelien. Young Arthur Gelien grew up in San Francisco and Long Beach, California, and joined the Coast Guard at 15, lying about his age.While in New York, he saw Broadway plays and became interested in acting. Back in California, Willson arranged for a two-word role in a small Western, “The Lawless.” He got $500 and a new name.In his memoir, he said that his career flourished despite some innuendo and smear articles in the scandal sheets — “clear evidence that despite its self-righteous claims, ‘Confidential’ magazine did not influence the taste and opinions of mainstream America.”Writing the book was difficult, he told The Associated Press in 2005, “because I’m a really private person. I grew up full of denial. I just didn’t like any suggestions or questioning of my sexuality.”In 1960, Hunter’s boy-next-door reputation did take a hit when he was charged with cruelty for allegedly beating his dog. (He was acquitted.) In recent years, Hunter appeared in dinner theatres and organized film projects. After living on a ranch in New Mexico for a time, he took a home in Montecito in Santa Barbara County with Glaser.He didn’t dwell on his Hollywood career or regret losing it. “I had my fling, and I was very fortunate,” he remarked. “But that’s all in my past.”___The late AP Entertainment Writer Bob Thomas contributed to this report. FILE – This July 27, 1959 file photo shows actor Tab Hunter, left, with actress Tuesday Weld at a dinner reception in Los Angeles. Hunter, the blond actor and singer who was the heartthrob of millions of teenage girls in the 1950s, and received new attention decades later when he revealed that he was gay, died on Sunday, July 8, 2018. He was 86. (AP Photo/File)
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