Gasline signs a DC insider

first_imgConsultant Mike Dubke, at a reception for Sen. Dan Sullivan in Cleveland during the Republican National Convention in 2016. (Photo: Lawrence Ostrovsky)Former White House communications director Mike Dubke is now helping promote the Alaska gasline project.Listen nowMike Dubke, through his company Black Rock Group, has a $15,000-a-month contract to advise the state-owned Alaska Gasline Development Corporation on its communication strategy.Dubke worked at the Trump White House for three months in 2017.  He previously worked on the election campaigns of both Alaska U.S. Senators.Rosetta Alcantra, AGDC’s vice president of communications, said Dubke’s firm gives the gasline agency more of a presence in Washington, D.C.“Their resume speaks very well as far as their experience,” Alcantra said. “Not only on the national level and kind of knowing that messaging and who to talk to – that’s definitely a piece that kind of resonates – but they also have that Alaska connection.”The contract says Dubke will work on strategies to “amplify the benefits” of the liquefied natural gas project to the Trump administration, Congress and federal regulators.Dubke has worked for American Crossroads, a super PAC affiliated with Karl Rove, and led a group called Americans for Job Security that spent millions running negative ads about Democratic Senate candidates.Dubke’s firm has hired another well-connected political adviser as a subcontractor for the AGDC job: Kevin Sweeney, of Anchorage. Sweeney’s company, called Six-7 Strategies, will also be paid $15,000 a month. Sweeney is a long-time aide to Sen. Lisa Murkowski and is married to Tara Sweeney, Trump’s pick to serve as assistant Interior secretary for Indian Affairs.Alcantra said Sweeney will focus more on in-state messaging while Dubke will work primarily in the federal arena.last_img read more

High Rate of Performing Loans Spells a Healthy Market

first_imgHigh Rate of Performing Loans Spells a Healthy Market May 9, 2017 602 Views CoreLogic delinquency rate Foreclosures HOUSING Mortgages 2017-05-09 Aly J. Yale in Daily Dose, Headlines, Newscenter_img Delinquencies and foreclosures are both down over the year, according to the February 2017 Loan Performance Insights Report released by CoreLogic on Tuesday. February saw 30-day delinquencies, 90-day delinquencies, and foreclosure inventory drop over 2016’s numbers.According to the report, only 5 percent of mortgages were 30 or more days delinquent, a dip from February 2016’s 5.5 percent. Loans 90 or more days delinquent were down too, falling from 2.8 percent to 2.2 percent year over year. The number of homes currently at some stage of the foreclosure process dropped from 1.1 percent to 0.8 percent.“Serious delinquency and foreclosure rates continue to drift lower and are at their lowest levels since the fourth quarter of 2007,” said Dr. Frank Nothaft, Chief Economist for CoreLogic. “Moreover, the past-due share dropped to 5 percent, the lowest since September 2007.”Despite these downticks, delinquencies in the 30- to 59-day range—what CoreLogic considers “early-stage delinquencies”—were up just slightly over the year, rising from 2.08 percent in 2016 to 2.14 percent in 2017. Tracking these types of delinquencies—as well as the rates at which they transition into serious delinquency or even foreclosure—is important to assessing overall market health, according to CoreLogic.The report showed that 1 percent of mortgages went from current to 30-days delinquent in February 2017, rising from 0.8 percent last year. This transition rate was 1.2 percent before the housing crisis and peaked at 2 percent at the height of it.Serious delinquency rates, as well as transition rates into delinquency, varied by geographic region, with more mortgages past due in the Northeastern U.S.“While national-level delinquency rates declined, the serious delinquency rate remained elevated in many mid-Atlantic and northeast states led by New York and New Jersey,” said Frank Martell, President and CEO of CoreLogic. “February-to- February increases in both 30-day-or-more delinquency rates and in serious delinquency rates were also observed in Alaska, Louisiana and Wyoming relating to the impact of the downturn in the global oil market.”Louisiana saw the most mortgages 30-days or more past due, with 8.6 percent.  At a metro level, the Miami-Miami Beach-Kendall, Florida, area had the highest delinquency rate at 7.6 percent.Read the full report at CoreLogic.com. Sharelast_img read more