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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 Iran nuclear deal may be doomed, at least if you believe the global oil market.Oil prices have surged?partly because of mounting expectations that President Trump will kill the 2015 agreement, which allowed Iran to export more crude. Trump must decide by May 12 whether to re-impose sanctions on the OPEC nation.Brent crude, the global benchmark, briefly soared above a barrel on Monday after Israel leveled new nuclear allegations against Iran.Bringing back sanctions on Iran could knock out as much as 1 million barrels per day of crude supply, dealing a blow to increasingly fragile energy markets."There will be a significant disruption," said Michael Wittner, global head of oil research at Societe Generale."The market is assuming that oil sanctions will snap back onto Iran," he said.Trump said on Monday that Israeli Prime Minister Benjamin Netanyahu's speech on Iran helps show he's "100% right" about the Iranian nuclear agreement, which was signed by former President Barack Obama."We'll see what happens," Trump said about his decision on the Iran deal. "I'm not telling you what I'm doing, but a lot of people think they know."The oil market certainly thinks it knows. The price of Brent crude has soared 7% this year, and the US benchmark has soared 8% to nearly a barrel for the first time since late 2014. Oil prices have been lifted by concerns about the fate of the Iran deal as well as strong demand and supply cuts by OPEC and Russia."The Iranian nuclear deal is dead in the water and a Trump torpedo is fast approaching," Stephen Brennock, oil analyst at brokerage firm PVM Oil Associates, wrote to clients late last week.Under the deal, Iran agreed to limits on its nuclear activities, including bans on enrichment at key facilities. In exchange, sanctions were lifted in early 2016, freeing Iran to quickly boost its oil production by about 1 million barrels per day. Iran found eager customers for its crude in Europe, Japan, India and South Korea.It's "now looking increasingly likely" that Trump will not renew the waiver on Iranian sanctions by May 12, according to energy research firm FGE. 2153

The only Louisville police officer who was charged with a crime relating to the raid that resulted in the death of Breonna Taylor has been accused of sexual assault.According to WAVE-TV in Louisville, a woman has filed a lawsuit against former Louisville Metro Police Department Officer Brett Hankison, accusing him of assaulting her after he gave her a ride home from a bar where he was working security.According to the lawsuit, the plaintiff, Margo Borders, met Hankison through mutual friends in 2017. In 2018, Border met friends at Tin Roof, a bar west of downtown Louisville where Hankison was working a side job as a security guard.Borders said she had been drinking that evening, and when she went to call an Uber, Hankison insisted that he drive her home. When he dropped her off at her apartment, he allegedly invited himself in. Borders alleges that when she went to sleep, Hankison "willfully, intentionally, painfully and violently sexually assaulted" her.When Borders regained consciousness, she yelled at Hankison and asked him to leave. Borders alleges that Hankison later messaged her and allegedly tried to convince her that they had "engaged in consensual relations."The lawsuit also includes claims from nine other women who say Hankison either approached them with unwanted sexual advances or assaulted them.CNN reports that Hankison's police file includes 50 internal reports, including two reports of alleged sexual misconduct. He was exonerated in both incidents.Hankison was fired from the LMPD earlier this year. He faces three charges of wanton endangerment for his actions in the raid that led to the death of Breonna Taylor, as he's accused of firing his weapon and endangering the lives of Taylor's neighbors.No officers involved in the raid faced homicide charges in Taylor's death, and Kentucky Attorney General Daniel Cameron has said the officer's actions were justified because they were fired upon by Taylor's boyfriend. However, grand jurors who weighed charges for the officers have said publicly that Cameron did not afford them the opportunity to charge officers with a homicide. 2127
The National Institutes of Health (NIH) is the largest clinical research hospital in the country. It’s a government run medical research agency, and about 7,000 scientists work in its research laboratories looking for new ways to improve health and save lives.Next year, more than billion in taxpayer dollars will be spent here to find treatments and cures for the biggest health issues in the country, including heart disease, cancer and Alzheimer’s.Right now, there are about 1,600 research studies in progress.Dr. Larissa Korde is part of one of those studies, working to help find the latest breakthrough in breast cancer.She says the work done at NIH has a proven track record.“Women with her2 positive breast cancer now have numerous effective therapies and tend to live longer than they did before those drugs were evaluated and came to the market,” Dr. Korde explains. “And our research has been involved all along the way.” With each new study, doctors continue to learn more and hope the next discovery will help save more lives. 1112
The NAACP has filed a lawsuit against Postmaster General Louis DeJoy, claiming that he is attempting to "disenfranchise voters of color" amid the coronavirus pandemic.The lawsuit, filed Thursday in Washington, D.C. District Court, asks the court to declare DeJoy's recent operational changes as "invalid" and against the law as well prevent DeJoy from implementing further policy changes that were announced on July 10."As the country faces an uphill battle against COVID-19 and systemic racism, we're witnessing a significant onslaught against our postal system at a time when prompt mail delivery matters more than ever, especially for voters of color," Derrick Johnson, the President and CEO of the NAACP, said in a statement. "This willful and blatant attempt to obstruct the mail system amidst a pandemic and on the precipice of a pivotal election is a direct threat to the people of this nation's right to vote in a fair and free election."On Tuesday, DeJoy said in a statement that the USPS would pause the implementation of the proposed operational changes until after the November election. However, it's unclear if the agency would restore any mail sorting equipment that had been taken offline between the July 10 policy changes and Tuesday's statement.President Donald Trump has been staunchly opposed to universal mail-in voting, claiming that such policies would result in widespread voter fraud despite ample evidence to the contrary. Earlier this month, Trump said that he was hesitant to approve more funding for the USPS in order to curb the expansion of mail-in voting. 1596
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