Louisiana ranks high in the US in late mortgage payments, and there’s one key factor why | Business

The number of Louisiana homeowners late on their mortgage payments remains stubbornly high and the state is still second in the nation for that metric as of August — as it was in June just three months into the economic disruptions resulting from shutdowns to slow the spread of coronavirus.

More than 11.2% of home mortgages in the state were past-due on payments or in delinquency as of August, up from 7.7% the same time last year and higher than last month’s national average of 7.27%, according to data from Black Knight, a Florida-based publicly traded technology business with access to loan-level data from some of the largest mortgage service companies.

Coming off a brief, slight decline in July, the 11.2% August rate is roughly the same as in June after furloughs and layoffs took their toll on homeowner finances, data shows. The percentage rate is about 56% higher than

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Boeing Prepares Deeper Cuts From Executive Ranks to Real Estate

(Bloomberg) — Boeing Co. is thinning its corps of vice presidents and winnowing real estate holdings, including a splashy outpost near the Massachusetts Institute of Technology, as the planemaker works furiously to counter plunging aircraft sales and mounting costs for the grounded 737 Max.

About 170 midlevel executives, 70 of them based at Boeing’s commercial airplane division, are taking a buyout offer that includes a year’s salary, according to people familiar with the matter. The first of the vice presidents and senior managers to accept the terms will leave the company Oct. 2, followed by a second wave later in the year.



Grounding Of Boeing 737 MAX Planes Extended As New Flaw In Software Is Found


© Photographer: Stephen Brashear/Getty Images North America
Grounding Of Boeing 737 MAX Planes Extended As New Flaw In Software Is Found

Boeing 737 Max airplanes on employee parking lots near Boeing Field in Seattle, Washington in 2019.

Photographer: Stephen Brashear/Getty Images

The cuts go deeper and wider than

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