Why Reverse Mortgages Keep Moving Forward

first_img Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post March 18, 2019 3,933 Views For many older homeowners, reverse mortgages are an easy way to tap into their home’s equity. Despite many misconceptions about reverse mortgages, they may not even be as risky as many believe, according to experts, as more and more homeowners take advantage of the product.An article from Bloomberg explores the recent movement to reverse mortgages. Despite the risk, such as taxes, insurance, maintenance, and utilities as well as a risk of foreclosure, reverse mortgages are still a viable equity alternative to selling and moving. Tightening rules after 2008, including requiring homeowners to show they can afford tax and insurance payments, has reduced the risks involved with reverse mortgages since then. However, some still note the risks involved“The profits are significant, the oversight is minimal, and greed could work to the disadvantage of seniors who should be protected by government programs and not targeted as prey,” said Dave Stevens, CEO of the Mortgage Bankers Association on Bloomberg.DS News reported earlier that, according to LendingTree and data from the Federal Housing Authority’s Home Equity Conversion Mortgage (HECM) program, HECMs originated in the 100 studied cities at an average rate of 7.1 loans per 1,000 homeowners over the age of 60 between 2012 and 2017. The top city, Virginia Beach, boasted a rate of 13.8 loans per 1,000 homeowners over the age of 60.Government-back loans as a whole have seen a resurgence. Kroll Bond Ratings Agency reported 63 percent increase in residential mortgage-backed securities (RMBS) issued in 2018 over 2017. The report indicated that if the U.S. GDP was to grow at the steady pace it has this year, until July 2019, the year could see “another robust issuance year in 2019.” However, factors such as higher interest rates, home price moderation, and widening spreads that have been experienced by the market in the last few weeks are likely headwinds that might pull down the performance of RMBS next year, the report revealed.”Given the potential downside risks, we aren’t forecasting issuance growth in 2019, but believe issuance will be comparable to 2018 levels,” KBRA stated in the outlook. Bloomberg HECM Kroll Bond Rating LendingTree Reverse Mortgages RMBS 2019-03-18 Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Bloomberg HECM Kroll Bond Rating LendingTree Reverse Mortgages RMBS About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Why Reverse Mortgages Keep Moving Forwardcenter_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Investment, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Demand Propels Home Prices Upward 2 days ago Share Save Home / Daily Dose / Why Reverse Mortgages Keep Moving Forward Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Previous: Court Approves $13.8M Wells Fargo Settlement Next: Fair Warning: State Supreme Court Rules on Foreclosure Notices Subscribelast_img read more

SAP Health, Dell EMC and Virtustream Make Digital Transformation Real

first_imgFrom the Point of Care to the Data Center to the CloudExperience your choice of SAP Health – as off-premises managed cloud or on-premises in your data center (described below) LIVE at HIMSS18 in the Dell EMC booth #3613 or SAP booth #4821Driven by current and future value from business processes and enterprise software, organizations across all industries are realizing the need for flexible IT consumption models. Here cloud computing is becoming more and more important. Cloud computing adds higher flexibility and agility and can help to lower cost in terms of hardware, people and maintenance. This gives a wider array of business model options to the customer. At the same time, not all business processes can be transferred into a cloud system at equal speed. Some processes are more complex than others e.g. a full-blown SCM vs. a simple leave request, and some customers may have concerns about data security, as is the case with e.g. personal or health data.At the same time, healthcare is undergoing a great revolution, due to several factors. This includes the emergence of AI/IoT-based analytics platforms, and the growth of data, especially in medical imaging and genomics. Evidence resides in areas like whole genome or population DNA sequencing, which used to take months at high costs, and which now can be done in a matter of days, if not hours. Our children will look at us in disbelief when we tell them that genetic screening for major risk factors was not available in our time. So, on the one hand, there is a great pull for making the most out of health data, yet on the other hand data handling and security constraints must be resolved.The solutions provided by SAP Health rely on the SAP Cloud Platform to deliver on these promises. In that light, SAP works with the best partners in the cloud area, one of which is Virtustream, a Dell Technologies business. Virtustream and SAP are partners for a long time, both for cloud services and for technical innovations. The Virtustream Enterprise Cloud is built on a Dell EMC infrastructure foundation. In 2016, Virtustream announced the first S/4HANA customer running in the cloud. SAP and Virtustream work closely on new innovations, and this also encompasses partnering on SAP Health. The Virtustream Enterprise Cloud is purpose-built for mission-critical applications, with managed services that deliver the highest standards in availability, security, and compliance, addressing many of the data concerns that exist especially in the healthcare space. The Virtustream Enterprise Cloud applies to healthcare systems of record, such as SAP S/4HANA and EMRs, and systems of insight, such as SAP Health services, that require application performance and availability service level agreements for running 24×7 operations. This also encompasses compliance with regulatory frameworks such as HIPAA and HiTECH to protect patient data, and strong business continuity design – all with a cost-effective utility-based infrastructure service. Virtustream also meets data residency requirements, by region and even by country. Virtustream has hosting locations in the US, UK, France, Germany, and the Netherlands, all of which are equipped to support such data residency requirements. In addition, Dell EMC, which is also a Dell Technologies business, is one of the leading providers of infrastructure services for healthcare globally. Dell EMC supports both providers and payers, using the same architectures available in the Virtustream cloud. In partnering with SAP Health, Virtustream adds its compliance, scale, and cloud efficiencies to the already existing Health partnership between Dell EMC and SAP. Customers can quickly enhance their on-premise infrastructure with pay-for-use as-they-grow environment, and be confident that their patient data is fully protected. Thus, this joint approach can fully support the cloud-based solutions of SAP’s Health offer. These posts from our Direct2DellEMC blog provide some additional context and background on our existing engagement with SAP:21st Century Computing: Dell EMC, Intel and SAP power better patient outcomesPartners in Personalized Medicine: Dell, SAP and Intel team up to provide optimized patient resultsEnabling Precision Medicine in the Era of the Genome with SAP Health and Dell EMC Isilon Data Lake in a Hadoop environmentThe combination of Virtustream, Dell EMC and SAP Health supports next-generation precision medicine to provide personalized, best-in-class patient care. As healthcare customers look to launch new systems of actionable insight, like delivered by the SAP Health solutions, they need a trusted partner that can support on the intersection of data analysis and large-yet-secure data lakes, nourished from disparate data sources. It is crucial to deliver a robust infrastructure solution that addresses any concerns.Want to learn more? Just visit us LIVE at HIMSS18 in the Dell EMC booth #3613. Dr. Marten Neubauer, our SAP Healthcare & Lifesciences expert with Dell EMC’s Global SAP Center of Excellence, will be there for you.last_img read more

Liking a lie-in in people’s genes, researchers say

first_img Share 10 Views   no discussions Sharing is caring! Share Sharecenter_img HealthLifestyle Liking a lie-in in people’s genes, researchers say by: – December 5, 2011 Tweet The study involved more than 10,000 people in a number of European countriesPeople who like a lie-in may now have an excuse – it is at least partly down to their genes, according to experts.Experts, who studied more than 10,000 people across Europe, found those with the gene ABCC9 need around 30 minutes more sleep per night than those without the gene.The gene is carried by one in five Europeans, they say in their study, published in Molecular Psychiatry.The researchers said the finding could help explain “sleep behaviour”.Over 10,000 people took part, each reporting how long they slept and providing a blood sample for DNA analysis.People’s sleep needs can differ significantly.At the extreme, Margaret Thatcher managed on four hours of sleep a night while Albert Einstein needed 11.Fruit fliesPeople from the Orkney Isles, Croatia, the Netherlands, Italy, Estonia and Germany took part in the study.All were asked about their sleep patterns on “free” days, when people did not need to get up for work the next day, take sleeping pills or work shifts. When the researchers from the University of Edinburgh and Ludwig Maximilians University in Munich compared these figures with the results of the genetic analysis, they found those with a variation of a gene known as ABCC9 needed more sleep than the eight-hour average.They then looked at how the gene works in fruit flies, who also have it and found flies without ABCC9 slept for three hours less than normal.The gene ABCC9 is involved in sensing energy levels of cells in the body. They say this opens up a new line of research in sleep studies, and it is hoped that future work could establish exactly how this gene variant regulates how long people sleep for.Dr Jim Wilson, from the University of Edinburgh’s centre for population health sciences, said: “Humans sleep for approximately one-third of their lifetime. “A tendency to sleep for longer or shorter periods often runs in families despite the fact that the amount of sleep people need can be influenced by age, latitude, season and circadian rhythms. “These insights into the biology of sleep will be important in unravelling the health effects of sleep behaviour.”Sleep expert Neil Stanley said around half a dozen genes had been linked to sleep patterns.He added: “It’s interesting to know about these genes, but in a way our genes are an irrelevance unless you were actually to obey them – but none of us do that.”BBC Newslast_img read more