Mortgage Free Baby Boomers?

first_img Demand Propels Home Prices Upward 2 days ago In their latest article in the Housing Insights Series, Fannie Mae delved into which generation was most likely to carry household debt, which is a concern for the financial security of the retired homeowner.Once a widespread rite of passage, the report says, paying off a mortgage for homeowners approaching retirement has become less frequent. Studies have shown that the rise in household debt among older homeowners, but hasn’t zeroed in on Baby Boomers and how their mortgage status has changed as they get closer to the age of retirement.The oldest Boomers, who are already past retirement age, are substantially less likely to own their homes outright than their generational predecessor.“Among Baby Boomer owner-occupants aged 65 to 69 in 2015, fewer than 50 percent were mortgage-free, down 10 percentage points compared with the pre-Boomer group of homeowners who were the same age in 2000, prior to the housing bubble.”Younger Boomers, however, are more likely to have free-and-clear homeownership than homeowners of the same age in 2000. Of Boomers aged 50 to 54 in 2015, 26 percent owned their homes outright compared with 22 percent of homeowners who were the same age at the turn of the millennium.According to Fannie Mae, several economic and housing factors could have contributed to the acceleration of paid off mortgages after the housing crisis among Boomers.“Some Boomers might have adopted a more conservative stance toward housing debt in the wake of the financial crisis and, simultaneously, tighter credit markets likely constrained the ability to borrow against the home,” the report said.Additionally, the recovery in housing prices and gains in equity that followed the housing bust allowed boomers to move and downsize to lower-value homes without using mortgage financing.“Even with recently accelerated gains in free-and-clear homeownership, the oldest Baby Boomers have reached retirement age with a greater likelihood of carrying a mortgage, and younger Boomer cohorts are also expected to achieve relatively low rates of outright homeownership at retirement unless they accelerate even further the pace of extinguishing housing debt.”To read the full report, click here. Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Mortgage Free Baby Boomers? Share Save Sign up for DS News Daily About Author: Brianna Gilpin  Print This Post Home / Daily Dose / Mortgage Free Baby Boomers? in Daily Dose, Featured, Headlines, News, Secondary Market Tagged with: Baby Boomers Servicers Navigate the Post-Pandemic World 2 days ago Baby Boomers 2017-10-05 Brianna Gilpin Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Crowdfunding for a Mortgage Next: Next Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Related Articles October 5, 2017 1,626 Views Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

Former North American LCS organisation Phoenix1 rebrands to Sentinels

first_imgThe former NA LCS and current Overwatch League organisation (Los Angeles Gladiators) has announced a rebrand from Pheonix1 to Sentinels.Founded in May 2016 to compete in the NA LCS Summer Split 2016, their best finish came in 2017 when they finished 3rd, with their ADC Donghyeon “Arrow” Noh picking up the MVP of the split. The following split the organisation would sign Mike “MikeYeung” Yeung, who would go on to win Rookie of the Split and later sign for NA LCS favourite TSM in the first season of the NA LCS franchised league, in which they finished outside the top four.After selling their spot in the LCS as part of the franchising process, Phoenix1 partnered with Kroenke Sports & Entertainment Group, owners of the Los Angeles Rams, Colorado Avalanche and Arsenal FC, among others. With this partnership, the two company’s launched their Overwatch League franchise, the Los Angeles Gladiators.Speaking about the rebrand, Rob Moore, Founder of Sentinels had this to say: “The last year our priority was to build a competitive team and brand for the Overwatch league. Now that Eric Ma and the group have successfully launched the Gladiators, we have decided to relaunch our broader esports organizational brand as the Sentinels.”Speaking about the brand itself, Riley Jamison, Creative Director for Sentinels had this to say: “The goal of the rebrand is to shift the position of the organization. With Sentinels, we’re turning a brand into a network. A network of connected, vigilant gamers who can rally behind our players. Watching their games. Participating on stream and on social. The logo is a symbol representing the connected tech aesthetic of the brand. The katakana letters spell out “Sentinels” and speak to the cyberpunk, future-Tokyo visuals seen throughout our marketing.”With the rebrand and new focus, Sentinels have signed former Pheonix1 Hearthstone player Cong “StrifeCro” Shu and two new players, Josh “Impact” Graham and James “GreenSheep” Luo. The new team will look to compete at the upcoming Hearthstone Championship Tour.Speaking about the Hearthstone roster, Charlie Lipsie, Director of Esports for Sentinels added: “We moved into Hearthstone because of the tournament structure supported by Blizzard. Since we already had the exceptionally talented StrifeCro, it seemed like a natural move to enter the new Hearthstone tour. We’re also exploring new opportunities in other esports. I’ve got my eye on a few more games.”Esports Insider says: It’s great to see Phoenix1 reborn as Sentinels, the new name allows them to shed their League of Legends past and truly start afresh. Moving back into Hearthstone is also a safe first move and while we are not biased, it is great to see UK Hearthstone player GreenSheep join them.Sign up to our newsletter!last_img read more

Sumner Newscow weekly poll: The Oak Tree Inn hotel expansion question

first_imgWhat best describes your feeling about the proposal of Oak Tree Inn expansion across the street? Hooray! Any business expansion is good for Wellington I’m more happy that strip mall area could get cleaned up. I’m nervous it might hurt our chances of landing a national brand name hotel. I don’t think Wellington needs a new hotel. I’m checking my “give a darn,” pulse. I might be dead. View Results Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (7) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. 0 Vote up Vote down OneinOneout · 352 weeks ago Glad to see that the topic of cleaning up that monstrosity of a strip mall is being address and by developers at that. I was unclear though whether or not they were going to take out Penny’s as well. That would be a shame as it is the only 24 hour dining facility in town. What is everybody elses thoughts on this? Report Reply 0 replies · active 352 weeks ago +1 Vote up Vote down Larry · 352 weeks ago Penny’s diners are part of a contract with the railroad and the hotels. Penny’s is there for the railroaders and stays open 24/7 for those railroaders staying at the hotels so they have a place to eat. Report Reply 0 replies · active 352 weeks ago 0 Vote up Vote down Long Time Resident · 352 weeks ago Anybody else think this is the first step of BNF moving jobs from Wellington to Amarillo? For those not familiar with BNSF’ operations here, the run from Wellington to Amarillo is manned by both Wellington and Amarillo crews. This is called a double ended pool since there are home terminals on both ends. Over the past several years, BNSF has been consolidating a lot of doubled ended pools into single ended pools, to where there is only one home terminal and the other end is the away from home terminal. (Crews stay in hotels, like the Oak Tree, at away from home terminals.) What does this mean? If BNSF chooses to, they can move all of the jobs currently manned by Wellington crews to Amarillo. Those crews would have a choice, move to Amarillo or relocate/work somewhere else. So since engineers can only work the Wellington to Amarillo run or territory, they would most certainly be forced to move. That means that over 80 BNSF jobs, (conductors and engineers) that pay in excess of $120,000 a year each, and the families of those employees, would leave Wellington, taking their salary, buying power, support for housing prices and worse of all, good health care benefits, with them. Report Reply 1 reply · active 352 weeks ago +1 Vote up Vote down CueballSumnernewscow 94p · 352 weeks ago Yikes. Of all the comments ever uttered on this website, Long Time Resident, you may have provided the most scary comment of all. I’m praying you are wrong. Report Reply 0 Vote up Vote down Long Time Resident · 352 weeks ago Granted, some jobs will stay in Wellington, but not on the scale or pay that BNSF currently pays. Of course BNSF says that there is nothing like that in the plans right now. Yeah right. Folks, they don’t call it being railroaded for nothing! Report Reply 0 replies · active 352 weeks ago 0 Vote up Vote down Long Time Resident · 351 weeks ago So am I. Because I’ll be one of them forced to move. Report Reply 0 replies · active 351 weeks ago 0 Vote up Vote down Larry · 351 weeks ago That’s the life of a railroader. Report Reply 0 replies · active 351 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments  Loading …last_img read more