Welcome to our quarterly newsletter! We are excited to present this to you with the goal of providing our staff with news and updates about some of the latest and greatest RCM happening, from client and internal updates to upcoming events and more.

News from Human Resources: Monthly Drawings

Don’t forget about our monthly drawings! Around the start of every month we hold a Trivia Day where a trivia question is sent out to all employees. We ask that you submit your answers in writing to the employee comments/suggestion box located in your respective breakroom. You have until Noon that day to submit your responses.

Winners are announced that afternoon. There is a reward for the first two correct answers drawn. You must be present to win!

Midmonth we raffle off parking spots here in the Main Office. Winners of the drawing will only be able to park onsite for one month or less in the specified area and the time frame could change due to extenuating circumstances.

Featured Fall Recipe

by Barbara High

Chili Recipe

Ingredients:

• ½ Pound Bacon
• 1 Green Bell Pepper
• 2 Large Red Bell Pepper – Chopped
• 3 Poblano Peppers – Chopped
• 1 Medium Onion (Yellow or White) – Chopped
• Bunch of Green Onions
• Garlic – 8 Cloves (5 grated cloves & 3 minced cloves)
• 1½ lb. Ground Beef
• 1½ lb. Ground Turkey
• 1 can Black Beans, Drained & Rinsed
• 1 can Pinto Beans, Drained & Rinsed
• 1 28-ounce can San Marzano Diced Tomatoes (Do not drain)
• 1 can chicken stock
• 1 can Tomato Paste
• ¼ cup red wine
• Extra Virgin Olive Oil

Spices: (Estimates)

• Oregano – 1 teaspoon
• Chili Powder – 2 tablespoons
• White Pepper – 1 teaspoon
• Black Pepper – 1 teaspoon
• Salt – 1 teaspoon
• Paprika – 1 teaspoon
• Cumin – 1 teaspoon
• Dry Mustard – 1 teaspoon

Heat Dutch oven on medium heat. Add Bacon. Cook until bacon is crispy (IMPORTANT). Take out the bacon and drain on a paper towel. Do NOT remove the grease from the Dutch oven. Add the peppers and regular onion. Cook for about 5-7 minutes until softened. Add the garlic. Cook for another 3-5 minutes. Add the meat. Stir around to break up the meat and combine with the veggies. Slowly add the seasonings while cooking the meat. After the meat is browned, add the tomato paste to incorporate. Then add the rest of the ingredients with the beans and green onions being last. Stir together well. Let it come up to a boil and turn down to a simmer. Cook for 60-90 minutes, stirring occasionally. Serve with shredded cheese sprinkled on top and possibly sour cream. Serve with cornbread on the side.

In the Industry

Foreclosure Metrics Improve But Delinquency Worse

by Mortgage Daily Staff

Although there was a nice improvement last month in U.S. foreclosure metrics, the rate of 30-day delinquency on residential loans climbed to the highest level in four months. Single-family loans that were at least 30 days delinquent or in foreclosure numbered 2.216 million as of mid-2018, according to data reported Tuesday by Black Knight Inc.

The total was comprised of 1.925 million loans that were 30 days past due but not in foreclosure and 291,000 units that are in the foreclosure pre-sale inventory -- the fewest in nearly 12 years. Based on Black Knight's data, Mortgage Daily estimates that total residential loans outstanding ended last month at approximately 51,535 million. The non-current rate of mortgage delinquency climbed to 4.30 percent from 4.23 percent as of May 31. But an improvement has been made versus June 30, 2017, when the rate was 4.61 percent.

In Mississippi, last month's non-current rate was 9.70 percent -- the worst of any state. Next was Louisiana's 7.64 percent, followed by 6.71 percent in Alabama, 6.65 percent in West Virginia and 5.96 percent in Maine. Colorado had a 1.95 percent non-current rate -- the lowest of any state. June 2018's U.S. non-current rate included a 30-day rate, excluding foreclosures, of 3.74 percent. Thirty-day delinquency climbed 10 basis points from a month earlier. But a 6-basis-point improvement has been made versus a year earlier.

Also included was a 0.56 percent foreclosure pre-sale inventory rate, improving from 0.59 percent in May and 0.81 percent in June 2017. Additionally reflected in the rate was a 90-day rate, including foreclosures, of 1.62 percent -- a post-recession low.

Black Knight reported that there were 43,500 foreclosure started last month -- the fewest of any month in more than 17 years. The latest number brought the first-half 2018.

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