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The number of people unable to make house payments on time has reached a nine-year high, according to a recent analysis of the data.Mortgage delinquencies were at 8.22 percent of all loans for the second quarter of 2020, says the Mortgage Bankers Association.At the end of June, an estimated 4.2 million Americans were on a forbearance plan, meaning they have an agreement with their mortgage lender to delay foreclosure."The COVID-19 pandemic's effects on some homeowners' ability to make their mortgage payments could not be more apparent. The nearly 4 percentage point jump in the delinquency rate was the biggest quarterly rise in the history of MBA's survey," said Marina Walsh, MBA's Vice President of Industry Analysis in a press release. "The second quarter results also mark the highest overall delinquency rate in nine years, and a survey-high delinquency rate for FHA loans."FHA, or Federal Housing Administration, loans are designed for low-to-moderate income borrowers and require a smaller down payment when purchasing a home. The survey found 15.65 percent of FHA loans were delinquent in the second quarter of 2020. That’s the highest rate since the Mortgage Bankers Association began keeping records in 1979.The survey asks loan servicers to report any loan that is not paid back according to the terms in the agreement.The high rate of mortgage delinquencies appear to be connected with availability of jobs. The five states with the largest increases in delinquency rate were New Jersey, Nevada, New York, Florida and Hawaii; all states with a high number of leisure and hospitality jobs that are now in flux because of the COVID-19 pandemic. 1669
The Justice Department is investigating Interior Secretary Ryan Zinke for possibly using his office for personal gain, following a referral from Interior's inspector general, two sources familiar with the investigation say.The full extent of the inquiry is unclear.Zinke has faced multiple ethics questions during his time at Interior, and the inspector general's office has multiple public inquiries into the secretary including the department's handling of a Connecticut casino project, whether the boundaries for Grand Staircase Escalante National Monument were redrawn to benefit a state lawmaker and conversations between Zinke and Halliburton Chairman David Lesar about a Montana land development project.Zinke said he has not been contacted by the Justice Department."They haven't talked to me. It will be the same thing as all the other investigations. I follow all rules, procedures, regulations and most importantly the law. This is another politically driven investigation that has no merit," Zinke told CNN.The Justice Department declined to comment. Interior's inspector general's office said it would not comment on Justice-related issues.President Donald Trump's Cabinet secretaries have faced scrutiny over their use of government resources, including former Health and Human Services Secretary Tom Price and Housing and Urban Development Secretary Ben Carson.CNN has also learned Justice Department investigators began probing Scott Pruitt's questionable ethical conduct before he left as Environmental Protection Agency administrator, according to multiple people familiar with the matter. The inquiry was opened up after a referral from the EPA IG regarding whether Pruitt took any action to benefit an energy lobbyist he rented a condo from for below market rate.The probe appears to have stalled since Pruitt left office over the summer, according to multiple sources familiar with the matter. 1922
The man taking over the Justice Department following Jeff Sessions' firing as attorney general has argued that special counsel Robert Mueller's investigation went too far.Matthew Whitaker, who was Sessions' chief of staff, is expected to take over oversight of Mueller's investigation into Russian interference in the 2016 election and whether Trump campaign associates colluded with Russia. A source close to the President told CNN that the idea of Whitaker ending or suppressing the Russia probe is not an option as of now.In a CNN op-ed written last year, Whitaker argued that Mueller is "dangerously close to crossing" a red line following reports?that Mueller was looking into Trump's finances.He argued that Mueller does not have "broad, far-reaching powers in this investigation," but that the investigation's limits are clearly defined by Deputy Attorney General Rod Rosenstein's?May 2017 letter appointing Mueller."It is time for Rosenstein, who is the acting attorney general for the purposes of this investigation, to order Mueller to limit the scope of his investigation to the four corners of the order appointing him special counsel," he wrote then. "If he doesn't, then Mueller's investigation will eventually start to look like a political fishing expedition."Back in 2017, Whitaker also told CNN's Don Lemon that he could see a scenario where Sessions is replaced with an attorney general who "reduces (Mueller's) budget so low that his investigation grinds to almost a halt."Trump announced on Twitter Wednesday that Whitaker would fill the role of attorney general while he finds a permanent replacement to be "nominated at a later date."Sessions recused himself from the Russia investigation after it emerged that he had failed at his Senate confirmation hearing to disclose two pre-election meetings with Russia's ambassador to Washington at a time when Moscow was accused of interfering in the presidential race. The recusal was harshly criticized by Trump and led to the deterioration of their relationship.Whitaker was a CNN legal commentator and former US attorney who directed the Foundation for Accountability and Civic Trust (FACT), a conservative ethics watchdog group. He ran in the Republican primary for Iowa Senate in 2014.--This opinion article was originally published on August 6, 2017, and authored by now acting AG Matthew Whitaker:Last month, when President Donald Trump was asked by The New York Times if special counsel Robert Mueller would be crossing a line if he started investigating the finances of Trump and his family, the President said, "I think that's a violation. Look, this is about Russia."The President is absolutely correct. Mueller has come up to a red line in the Russia 2016 election-meddling investigation that he is dangerously close to crossing.According to a CNN article, Mueller's investigators could be looking into financial records relating to the Trump Organization that are unrelated to the 2016 election. According to these reports, "sources described an investigation that has widened to focus on possible financial crimes, some unconnected to the 2016 election." The piece goes on to cite law enforcement sources who say non-Russia-related leads that "involve Trump associates" are being referred to the special counsel "to encourage subjects of the investigation to cooperate."This information is deeply concerning to me. It does not take a lawyer or even a former federal prosecutor like myself to conclude that investigating Donald Trump's finances or his family's finances falls completely outside of the realm of his 2016 campaign and allegations that the campaign coordinated with the Russian government or anyone else. That goes beyond the scope of the appointment of the special counsel.In fact, Deputy Attorney General Rod Rosenstein's letter?appointing special counsel Robert Mueller does not give Mueller broad, far-reaching powers in this investigation. He is only authorized to investigate matters that involved any potential links to and coordination between two entities -- the Trump campaign and the Russian government. People are wrongly pointing to, and taking out of context, the phrase "any matters that arose or may arise directly from the investigation" to characterize special counsel's authority as broad.The word "investigation" is clearly defined directly preceding it in the same sentence specifically as coordination between individuals associated with the campaign of Donald Trump and Russia. The Trump Organization's business dealings are plainly not within the scope of the investigation, nor should they be.Indeed, Sunday on Fox News, Rod Rosenstein acknowledged Mueller had limited authority and would need to seek his permission to expand the investigation.Beyond the legal reading, the broad authority argument defies plain logic: If the special counsel could investigate anything he wants, why would there even need to be a letter spelling out the specific limits of the investigation?One of the dynamics at play here is that people are conflating this investigation and Kenneth Starr's 1994 investigation into President Bill Clinton. While partly understandable at first glance, the two investigations are not comparable -- not only have more than two decades passed since then, but a completely new law and legal framework governing separate investigations has also passed. Starr was an independent counsel and Mueller is a special counsel, the two words are different for a reason.Any investigation into President Trump's finances or the finances of his family?would require Mueller to return to Rod Rosenstein for additional authority under Mueller's appointment as special counsel.If he were to continue to investigate the financial relationships without a broadened scope in his appointment, then this would raise serious concerns that the special counsel's investigation was a mere witch hunt. If Mueller is indeed going down this path, Rosenstein should act to ensure the investigation is within its jurisdiction and within the authority of the original directive.I've prosecuted several financial crimes at the federal level and I've also defended plenty in my private practice. From this unique vantage point, I can understand how a motivated prosecutor, in a broad investigation into the financial affairs of high-profile individuals, can become overzealous toward the targets of such probes -- with calamitous results. While no one is above the law, in situations such as this, any seasoned prosecutor must use discretion both judiciously and expertly.It is time for Rosenstein, who is the acting attorney general for the purposes of this investigation, to order Mueller to limit the scope of his investigation to the four corners of the order appointing him special counsel.If he doesn't, then Mueller's investigation will eventually start to look like a political fishing expedition. This would not only be out of character for a respected figure like Mueller, but also could be damaging to the President of the United States and his family -- and by extension, to the country. 7167
The Justice Department responded to CNN's lawsuit over the revocation of Jim Acosta's press pass on Wednesday, saying in a court filing that the White House rejects the idea that it can't pick and choose which journalists can be given a permanent pass to cover it."The President and White House possess the same broad discretion to regulate access to the White House for journalists (and other members of the public) that they possess to select which journalists receive interviews, or which journalists they acknowledge at press conferences," lawyers say in the filing.Both CNN and Acosta are plaintiffs. The suit alleges that their First and Fifth Amendment rights are being violated by the ban.Judge Timothy J. Kelly, a Trump appointee, has scheduled a hearing for Wednesday at 3:30 p.m.CNN and Acosta are asking Kelly for a temporary restraining order and a preliminary injunction that would restore his access right away.Lawyers for CNN and Acosta are arguing that time is of the essence because his rights are violated every day his pass is suspended.They are also seeking a declaration that Trump's action was "unconstitutional, in violation of the First Amendment and the Due Process Clause of the Fifth Amendment." This could protect other reporters against similar actions in the future."This is a very, very important case," Ted Olson said. Olson, a Republican heavyweight who successfully argued for George W. Bush in Bush v. Gore, is representing CNN along with another prominent outside attorney, Theodore Boutrous, and the network's chief counsel, David Vigilante.Olson said Tuesday that it was Acosta whose press pass was suspended this time, but "this could happen to any journalist by any politician."He spoke forcefully against Trump's action. "The White House cannot get away with this," he said in an interview with CNN anchor Brooke Baldwin.CNN's lawyers say the case hinges on Acosta and CNN's First Amendment rights; the shifting rationales behind the ban; and the administration's failure to follow the federal regulations that pertain to press passes, an alleged violation of Fifth Amendment rights.Tuesday's lawsuit rejected the White House's claim that Acosta acted inappropriately at a press conference last week. The suit says this is really about Trump's dislike of Acosta.The "reasonable inference from defendants' conduct is that they have revoked Acosta's credentials as a form of content- and viewpoint-based discrimination and in retaliation for plaintiffs' exercise of protected First Amendment activity," CNN's lawsuit alleges.Many media law experts, unaffiliated with CNN, believe the network has a very strong case.Judge Andrew Napolitano, the top legal analyst on Trump's favorite network, Fox News, said the same thing on Tuesday. "I think this will be resolved quickly," he said, adding "I think it will either be settled or CNN will prevail on motion."If there is no settlement, CNN is requesting a jury trial.In an interview with Wolf Blitzer, Boutrous said the government officials are being sued in their "official capacity," but "there is a possibility of damages claims," which would mean suing them personally.Blitzer pointed out that the officials would have to "go out and hire their own attorneys."It is incredibly rare to see a news organization suing a president.Fox News supports CNN in lawsuit against White House, network's president saysFred Ryan, the publisher and CEO of the Washington Post, expressed his support for the action Tuesday night. "We support CNN in its effort to restore the press credentials of its White House reporter," Ryan said. "It is a journalist's role to ask hard questions, hold the powerful to account and provide readers with as much information as possible."The White House Correspondents' Association is also standing behind CNN. The group said Tuesday that the president "should not be in the business of arbitrarily picking the men and women who cover him." 3956
The main "Fast and Furious" franchise is reportedly coming to an end.According to Variety, Justin Lin will direct the final two installments in the series. Lin directed the third, fourth, fifth, sixth, and ninth "Fast and Furious" films.No official word yet on when the 10th and 11th films would be released.Deadline reports that the latest installment, titled "F-9" is set to debut next Memorial Day.The main storyline follows Dominic Toretto, who's played by Vin Diesel, and his family of fellow car-enthusiasts-turned-hijackers.The franchise has spanned over 20 years and is Universal's highest-grossing movie series in its history, Deadline reported.According to Entertainment Weekly, Universal Studios plans to make more spin-off movies based on characters from the prominent films. 795