Perdue traded in Navy contractor stock as he took over Senate armed services panel: filings

WASHINGTON (Reuters) – Republican Senator David Perdue, who is seeking reelection in one of two U.S. Senate races in Georgia, bought shares in a Navy contractor just before becoming chairman of a Senate armed services panel in 2019 and then sold the stock at a profit, Senate records show.

FILE PHOTO: U.S. Senator David Perdue (R-GA) meets with Judge Amy Coney Barrett (not pictured) , who has been nominated to the U.S. Supreme Court to fill the vacancy left by the death of Ruth Bader Ginsburg, on Capitol Hill in Washington, U.S., September 30, 2020. Anna Moneymaker/Pool via REUTERS/File Photo

A wealthy businessman, Perdue instructed his financial advisers to stop trading individual stocks in May after questions were raised in media reports about whether he used information learned in a closed-door Senate coronavirus briefing to benefit his investment portfolio.

Perdue said at the time he used an outside adviser to

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Perdue Traded in Navy Contractor Stock as He Took Over Senate Armed Services Panel: Filings | Top News

WASHINGTON (Reuters) – Republican Senator David Perdue, who is seeking reelection in one of two U.S. Senate races in Georgia, bought shares in a Navy contractor just before becoming chairman of a Senate armed services panel in 2019 and then sold the stock at a profit, Senate records show.

A wealthy businessman, Perdue instructed his financial advisers to stop trading individual stocks in May after questions were raised in media reports about whether he used information learned in a closed-door Senate coronavirus briefing to benefit his investment portfolio.

Perdue said at the time he used an outside adviser to manage his finances and was not involved in day-to-day decisions.

Perdue became chairman of the Senate Armed Services Subcommittee on Seapower in mid-January 2019, which plays a key role in determining spending on the Navy.

In the six weeks before he took the panel’s helm, Senate financial records show that Perdue

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U.S. Foreclosure Filings on the Rise as COVID Remains an Economic Threat

According to RealtyTrac’s October 2020 U.S. Foreclosure Market Report, there were a total of 11,673 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in October 2020, up 20 percent from a month ago but down 79 percent from a year ago.
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Rick Sharga

“It’s a little surprising to see foreclosure activity increasing in spite of the various foreclosure moratoria that are in place,” said Rick Sharga, executive vice president of RealtyTrac, an ATTOM Data Solutions company. “It’s likely that many of these properties were already in the early stages of default prior to the pandemic, or are vacant and abandoned, which makes them candidates for expedited foreclosure actions.”

South Carolina, Nebraska and Alabama post highest state foreclosure rates

Nationwide one in every 11,683 housing units had a foreclosure filing in October 2020. States with the highest foreclosure rates were South Carolina (one in

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US Foreclosure Filings Increase 20% In October Despite Moratoriums

A total of 11,673 U.S. properties had foreclosure filings in October 2020, according to a new report from Attom Data Solutions.

A total of 11,673 U.S. properties endured foreclosure filings — including default notices, scheduled auctions or bank repossessions — in October, a 20 percent increase from September, but still down 79 percent from a year ago, according to a report released Tuesday by Attom Data Solutions.

Although there are various foreclosure moratoria currently in place across the country in response to the coronavirus pandemic, interpretations of these and eviction bans continue to vary from locality to locality and from one court to another. Still, as Rick Sharga, executive vice president of RealtyTrac, pointed out, some foreclosure filings may have already been in motion prior to the pandemic.

Rick Sharga | RealtyTrac

“It’s a little surprising to see foreclosure activity increasing in spite of the various foreclosure moratoria that are

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Eviction filings off to slow start, court data reveal

Two weeks after a moratorium on evictions and foreclosures expired, court data shows filings are off to a slow start as some large landlords commit to pressing pause on evictions, but housing advocates warn the worst is yet to come.



a sign in front of a building: BOSTON, MA. - OCTOBER 15: Protester hold a signs during a rally to prevent Massachusetts evictions in front of Boston Housing Court on October 15, 2020 in Boston, Massachusetts.  (Staff Photo By Matt Stone/ MediaNews Group/Boston Herald)


© Provided by Boston Herald
BOSTON, MA. – OCTOBER 15: Protester hold a signs during a rally to prevent Massachusetts evictions in front of Boston Housing Court on October 15, 2020 in Boston, Massachusetts. (Staff Photo By Matt Stone/ MediaNews Group/Boston Herald)

“We’re bracing still for the actual flood of court filings, but we have seen a big uptick in the number of tenants getting notices to quit,” said Isaac Simon Hodes of Lynn United for Change, a nonprofit tenant advocacy organization.

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Notices to quit are the first step in the eviction process that trigger a series of rolling deadlines and eventually lead to a court filing —

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Florida’s foreclosure rate second highest in the U.S., filings increase as courts open

HILLSBOROUGH COUNTY, Fla. — A moratorium on foreclosures offers protection to families unable to pay their mortgages because of the COVID-19 pandemic. But I-Team Investigator Kylie McGivern found foreclosure filings are on the rise with Florida currently ranked second in the nation.

While some experts say this is different than the Great Recession, others are bracing for another housing crash.

Rick Sharga, the executive vice president of RealtyTrac, which publishes a nationwide database of foreclosure properties, told the I-Team that foreclosures have dropped dramatically because of the protections.

“We’re in a very unusual time right now, because of the enormous efforts that the government and the industry have put in place to prevent foreclosures from happening,” Sharga said.

According to data from RealtyTrac’s parent company, ATTOM Data Solutions, as of September, Florida had the second-highest foreclosure rate in the country behind South Carolina.

“Florida is definitely an outlier. Most states

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Q3 2020 U.S. Foreclosure Activity Reaches Historical Lows As The Foreclosure Moratorium Stalls Filings

IRVINE, Calif., Oct. 15, 2020 /PRNewswire/ — ATTOM Data Solutions, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), a foreclosure listings portal, today released its Q3 2020 U.S. Foreclosure Market Report, which shows there were a total of 27,016 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the third quarter, down 12 percent from the previous quarter and down 81 percent from a year ago to the lowest level since we began tracking quarterly filings – Q1 2008.

The report also shows there were a total of 9,707 U.S. properties with foreclosure filings in September 2020, down 2 percent from the previous month and down 80 percent from September 2019.

“Foreclosure activity has, for all intents and purposes, ground to a halt due to moratoria put in place by the federal, state

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Foreclosure Activity Hits Historic Lows As Filings Drop 81%

Foreclosure filings, including default notices, scheduled auctions or bank repossessions, dropped 81 percent year over year to 27,016 filings, according to Attom Data Solution’s Q3 2020 U.S. Foreclosure Market Report. The number, which was also down 12 percent from the previous quarter, marks a new historic low in filings since Attom began tracking the data during the first quarter of 2008.

Foreclosure filings in September 2020 alone — which totaled 9,707 filings — were also down 80 percent from the previous year.

Rick Sharga | RealtyTrac

“Foreclosure activity has, for all intents and purposes, ground to a halt due to moratoria put in place by the federal, state and local governments and the mortgage forbearance program initiated by the CARES Act,” Rick Sharga, executive vice president of RealtyTrac, said in a statement. “But it’s important to remember that the numbers we’re seeing today are artificially low, even as the number

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