Name (required) Mail (required) (not be published) Website Subscribe Make a comment Top of the News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Faith & Youth Sovereign Grace Church of Pasadena: Grounded for Life Published on Monday, February 27, 2012 | 8:15 pm More Cool Stuff faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Your email address will not be published. Required fields are marked * The Sovereign Grace Church of Pasadena presents its Parent-Teen Ministry, “Grounded for Life.” Its purpose is to help shape young adults so that they live passionately for Christ by applying the Gospel to their lives. The church seeks to train and equip parents in their role of disciplining their children and to train and equip the youth to respond to their parents with faith towards God.What is our Purpose for a Parent Teen ministry?The Bible places the primary responsibility of training children with the parents (Deut. 6:7, Eph. 6:4). The Bible also places the responsibility for equipping both parents and children with the Church (Eph. 4:11-13). These responsibilities are unchanging and are part of what it means to be a Christian. Grounded For Life is intended to give focused attention on these responsibilities.Who is Grounded for Life for?Any youth who have graduated from the sixth grade and have not yet graduated from High School along with their parents are invited to participate. Both parents will need to be committed to participate even though both parents would not be required at each meeting or event. A youth would not be able to participate without a parent or guardian.How does Grounded for Life work?The Parent Teen ministry will consist of two meetings per month. At the first meeting, the teens and their parents are to attend. There will be some teaching and afterward, everyone will break up into small groups for some application discussion. At the second meeting of the month, all the teens will meet with two or three parents to supervise. The teens will meet for about 30 minutes in small groups of three or four. They will have some accountability questions to ask each other and time to respond. They will use this time to encourage and pray for one another. The rest of the meeting is free time for games, snacks, music, etc.Sovereign Grace Church of Pasadena, 1530 E. Elizabeth Street, Pasadena, (626) 398-2418 or visit www.sovgracepasadena.org. First Heatwave Expected Next Week EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS 11 recommended0 commentsShareShareTweetSharePin it Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Business News HerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeautyHerbeauty11 Ayurveda Heath Secrets From Ancient IndiaHerbeautyHerbeautyHerbeautyWeird Types Of Massage Not Everyone Dares To TryHerbeautyHerbeauty Community News Community News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena
Tagged with: Servicing The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago In a recent three-day online discussion organized by the Urban Institute, industry experts deliberated on the question “Are mortgage servicing costs, complexities, and risks impeding lending?”Urban Institute Housing Finance Policy Center Codirector Alanna McCargo moderated the online event first asking if there are ways to reduce the costs of regulation in servicing without increasing risks to consumers and the housing market. Meg Burns, SVP of Mortgage Policy at Financial Services Roundtable said “Absolutely.”“Consumers do not derive any benefit whatsoever from the complex and inconsistent rules that were imposed over the course of the crisis,” said Burns. “Ironically, the various regulators who issued new policies all had the same goals in mind—to improve servicing practices and enhance the customer experience.”Burns said the regulations have lengthened the time that it takes to resolve delinquent loans, which increases costs and harms the people who are in need of help. David Battany, EVP of Capital Markets at Guild Mortgage agreed. According to Battany, consumer protection regulations need to be powerful, clear, and simple.“When regulations are unnecessarily complex, or intentionally vague, this needlessly creates uncertainty and bureaucracy, which leads to higher costs, all of which are passed onto the consumer and reduces access to credit, particularly for higher risk and harder to serve borrowers,” Battany said.The average cost to originate a loan is about $8,900, according to Battany, which is almost double what it was a few years ago. When borrowers sit down to look at their 100-page loan file, he wonders how many of those papers they actually look at and if the expensive work behind the scenes really adds value to them.“Most regulations [had] very good intentions. Most people would agree that the ability to repay and many servicing regulations created post crisis solved real issues and provide important consumer protections,” Battany said. “The issue lies in the unintended consequences of the people who in good faith wrote the details of the implementation of these regulations without having a full understanding of the complex business processes they were attempting to regulate.”Ted Tozer, former President of Ginnie Mae, said though the CFPB has one foreclosure timeline, an investor has a different one. In his opinion, the servicer should have only one timeline to comply with that doesn’t change based on the location of the property, the servicer’s regulator, or who owns the mortgage.“Servicers need a set of rules and expectations that are specific, standardized, and consistently enforced by regulators and investors,” said Tozer. “A servicer should not be put in a position where they have to decide whose rules they will violate.”This idea is consistent with the views presented in a recent white paper by the National Mortgage Servicers Association (NMSA), which looks to standardize key definitions, guidance, and best practices surrounding the preservation and maintenance of vacant and abandoned properties.“At the end of the day we have to remember the housing finance ecosystem is basically a zero sum game,” said Tozer. “What ever economic burdens are put on mortgage investors and servicers, those costs will be passed on to borrowers in higher credit costs or limited credit availability.” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago To view the NMSA white paper, click here.To read the rest of the Urban Institute discussion, click here. What’s Wrong In Servicing? Print This Post Previous: Lost in Translation Next: Preventing Poverty Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Sign up for DS News Daily Related Articles July 28, 2017 1,964 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brianna Gilpin Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicing 2017-07-28 Brianna Gilpin in Daily Dose, Featured, Loss Mitigation, News Subscribe Home / Daily Dose / What’s Wrong In Servicing?