How Many Homeowners Are in ‘Strategic’ Forbearance Plans?

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How Many Homeowners Are in ‘Strategic’ Forbearance Plans?

first_img 2020-10-12 Christina Hughes Babb in Daily Dose, Featured, News Related Articles Share Save Demand Propels Home Prices Upward 2 days ago Forbearance data might not be as daunting as it looks at first blush. That is, according to an article by Bloomberg.com, which points to the Mortgage Bankers Association (MBA) data showing that, as of September 6, as many as 25% of all homeowners in forbearance plans have continued to make their monthly mortgage payments. That means that of 3.4 million households in forbearance at that point, about 820,000 had not missed a payment.Mike Fratantoni, MBA’s SVP and Chief Economist, in a Bloomberg interview, called this “one of the most surprising aspects of this entire episode.”He added that he had seen that share drop over the months as borrowers exited forbearance.What does this indicate? Bloomberg author Christopher Maloney (a market strategist and former portfolio manager) suggests it is “strategic forbearance, with many homeowners taking on the option, just in case.”He broke it down: “Of the Ginnie Mae borrowers in forbearance, 23.7% are current. For conventional borrowers it’s 20.6%, and for those sitting on banks’ balance sheets it’s 28.6%,” Maloney pointed out. “This is important, as mortgages which continue to pay are not going to be bought out by servicers, and for mortgage investors buyouts are just prepayments by another name. With loans bought out from pools at par, this can weigh on portfolio performance, especially when much of the mortgage universe is trading at a premium.”He explains how changes to forbearance data can come as a result of servicers moving loans among categories. For example:”While the percentage of the overall mortgage universe in forbearance has been declining of late, when it is due to servicers buying out those loans from the pools it can be a case of merely moving it from one category to another,” he wrote. “… the percentage of the Ginnie Mae universe in forbearance has dropped to its current 9.16% from a high of 11.83% on June 21. While on the face of it this is good news, the drop was boosted by bank servicers buying out loans. This moved them to the ‘other’ category—which has increased over that time frame—from the ‘Ginnie Mae’ category.”To Bloomberg, Fratantoni stressed that jobs are the most significant factor when it comes to getting through forbearance.“So long as the job market keeps improving and the housing market is in solid shape there is a good potential for this to keep improving,” Fratantoni said. Servicers Navigate the Post-Pandemic World 2 days ago How Many Homeowners Are in ‘Strategic’ Forbearance Plans? Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: VP Candidate Viewpoints: Harris and Pence’s Housing Perspectives Next: FHA’s ‘Generational Shift’ in Tech Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post October 12, 2020 2,120 Views Sign up for DS News Daily Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Home / Daily Dose / How Many Homeowners Are in ‘Strategic’ Forbearance Plans? Subscribelast_img read more

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Flash is Great, But Is Your Business Transformation at Risk?

first_imgTwo weeks ago, we declared 2016 “The Year of All Flash in Primary Storage” and made some big bets with our product portfolio. Flash is revolutionizing the data center and empowering businesses to do more, faster and with large volumes of data.  But, as businesses leverage the power of flash to deliver massive scale, performance and reliability, traditional data protection can’t keep up with the amount of data they need to protect while, at the same time, their tolerance for downtime and data loss shrinks.This can leave businesses with an uncomfortable choice: scale back their plans for flash deployment or leave workloads vulnerable to loss or corruption by rolling the dice on traditional backup solutions and hoping all their data is protected. One way to avoid this and ensure data is protected quickly, reliably and efficiently is to leverage a flash-optimized data protection solution. Three steps to safetyEMC is advising businesses to make data protection a key criteria when evaluating flash storage architectures to ensure that they do not leave mission-critical data vulnerable.  This can be accomplished by following these simple steps:Step 1: Choose a flash array that includes rich data services and storage-integrated data protection to maximize investment.Step 2: Match your flash array with protection storage that is open to consolidate all your protection needs, has dedupe technology to minimize storage requirements, and is designed as a “storage of last resort” to help ensure recovery, no matter what.Step 3: Leverage intelligent protection software to help ensure protected copies are application consistent for fast, simple granular recovery.Unleashing the potential of flashEMC has developed industry-leading solutions so our customers can use flash to its full potential AND enjoy the peace of mind that comes with flash-optimized data protection.  That’s why EMC has offered EMC ProtectPoint since 2014. ProtectPoint combines industry-leading primary storage technology and best-in-class protection storage with software, to enable customers to back up directly from their all-flash array to Data Domain.ProtectPoint offers 20 times faster, more efficient backup for mission-critical applications while completely eliminating backup impact on application servers. In addition, ProtectPoint empowers application owners by giving them direct control of backup and recovery. By eliminating traditional backup applications, ProtectPoint dramatically reduces cost and complexity. Finally, all ProtectPoint backups can be instantly accessed, providing fast granular recovery directly from Data Domain.  Overall, ProtectPoint is designed to protect data at the speed of flash.ProtectPoint is fully integrated with EMC’s flash offerings and comes as optional protection software with the recently launched EMC VMAX All Flash as well as for EMC XtremIO.  ProtectPoint is additionally available for EMC VMAX3.Ensure you’re not at risk by investing in a data protection solution that protects at the speed of flash.last_img read more

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FH : SU defense stifles Monmouth in victory to open season

first_img Comments Thanks to the blitzing athleticism of the Syracuse field hockey team, head coach Ange Bradley sees her defense play as an inherently contradictory game.Bradley’s Orange has — and always will — attack ruthlessly while attempting to maintain a four-player ‘diamond’ defensive form at the back. In collegiate field hockey, it is the ultimate line to tiptoe, especially for a speed team like SU.‘It was our athleticism that won the game for us today,’ Bradley said. ‘Not our smarts.’Saturday’s 4-0 shutout win over Monmouth was no exception. The season opener was the first example of defensive duality that proves both effective and potentially deadly. Even if the Orange accomplished the ultimate goal of a shutout over the Hawks, Syracuse pushed forward with a bit too much gusto.It’s something that might prove costly against a better team.AdvertisementThis is placeholder text‘We just got greedy,’ Bradley said. ‘Everyone is trying to move into the attack and not have the discipline and structure to let the ball do the work. They did a lot of straight ahead running, and that closes down angles instead of opening angles to score.’Saturday, SU was greedy time and time again. And Bradley felt her team let greed and athleticism get the best of them. It led to the diminution of the team’s defensive intelligence.At the rear of the Syracuse defense, junior back Amy Kee is the ‘voice.’ Saturday, Kee steered a talented SU defense to the 4-0 shutout victory. Monmouth registered only three shots during game — 30 fewer than SU.Statistically, the Orange defense played well. But Kee knows otherwise.‘The defense did do well,’ Kee said. ‘However, they didn’t take their opportunities as say teams we’re going to come up against in the next few weeks will do. So I think we’ve got to keep working on it.’Kee and her fellow starting defenders, Iona Holloway and Laura Hahnefeldt, combined to take 14 of the team’s 33 total shots.As too many defenders pushed forward, the diamond in the back was left exposed. It turned into a four-player shape with gaps. Monmouth physically wasn’t able to take advantage of those, but No. 2 North Carolina and other teams on SU’s schedule will.‘The press did not work well today,’ said Martina Loncarica, a senior midfielder. ‘That’s something we just have to keep working, studying and get it down right.’Bradley has bestowed Kee with the difficult task of verbally and physically keeping SU’s defensive form. She is Bradley’s on-field captain, and even with her one goal and ten shots Saturday, she didn’t complete her job defensively.‘We were trying to keep (our defensive form) a little bit more instead of letting everybody forward because then we leave less opposing players in behind us,’ Kee said.Junior back Iona Holloway is perhaps the prime example of the SU defense’s dual role duty. The junior is technically listed as a back, but regularly moves between the Orange defense and its forward attack, as she has taken on more of an offensive role this year.Saturday, Holloway was carried off the turf with 13 minutes remaining in the game. It was perhaps part of the reason for the defensive lapses.From then on, all the way through Bradley’s postgame lecture, Holloway sat idle on the SU bench. Bradley said Holloway’s injury was heat exhaustion-related.Though athleticism will promote defensive attacking for SU this year, the midfield and defense must maintain better shape and maturity rather than slipping into freeform blitzing.‘Keeping disciplined is something we need to improve, but it was a shutout,’ Kee [email protected] Facebook Twitter Google+center_img Published on August 28, 2011 at 12:00 pmlast_img read more

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CHAN 2020 Qualifiers: Cranes out to seal spot at finals tournament

first_img Tags: abdallah mubiruBurundiCHAN 2020Krizestom NtambiSomaliatopUganda Cranes Uganda leads the tie 3-0 from the first leg victory in Bujumbura. (PHOTO/FUFA)CHAN 2020 Qualifiers-Second Round (Return Leg)Uganda vs Burundi (Agg: 3-0)StarTimes Stadium, LugogoSaturday, 19-10-2019 @4pmLUGOGO – The Uganda Cranes will be hoping to reach a 5th consecutive CHAN tournament when they take on Burundi on Saturday.Leading 3-0 from the first leg of the first leg of their second round qualifiers, the Cranes will be confident of reaching the finals.If they do so, they will have reached all the last 5 editions of the competition after failing to seal a spot at the inaugural finals in Ivory Coast-2009.Ever since the competition was expanded to 16 teams, Uganda have been perennial participants, reaching the 2011, 2014, 2016 and 2018 finals tournaments.To reach the last edition in Morocco (2018), Uganda defeated South Sudan 5-1 on aggregate in the first round of qualifiers before hanging on to overcome Rwanda 3-2 in the second round.So far, they have already powered past Somali (7-2) in the first round of qualification, beating them 3-1 and 4-1 in the first and second legs respectively.In the build up to Saturday’s game at home to Burundi, Uganda were dealt a blow as Krizestom Ntambi withdraw from preparations.The Wakiso Giants FC midfielder got injured in a motor accident and could jot take part in the last two training session and hence withdrew.However, being at home and with a 3-0 goal lead from the first leg, Ntambi can not be a reason as to why Uganda fail to progress.The team is equipped with loads of talent in all departments and will be heavy favourites to reach the group stages of the tournament proper.However, head coach Abdallah Mubiru cautions that they need to be worry of the threat Burundi will pose in the day.“We hold a decent advantage going into the game but the tie is not yet won and that is why we play the second leg, noted Mubiru ahead of the game.“We expect them (Burundi) to throw every thing they have at us so we need to be careful and professional enough throughout the 90 minutes.“Throughout training, we have worked on our mentality so as we do not get complacent at any point and hopefully we do not.“With all that said, hopefully we reach our goal which is to seal a spot at the tournament proper.”Mubiru is not expected to make big changes to the team that started against Burundi in the first leg.Charles Lukwago is expected to retain his spot in goal and so are Paul Willa, Mustapha Kizza, John Revita and Halid Lwaliwa-in defence.Nicholas Kasozi, Muzamir Mutyaba and Allan Okello are expected to feature in a three-man midfield.With Ntambi out of contention, Vipers SC Allan Kayiwa is expected to slot in on the right side of the attack with Viane Sekajugo and Fahad Bayo filling the other two slots.For Burundi, they are attempting to reach a second CHAN finals’ tournament having done so in South Africa 2014 where they were eliminated in the group stages after finishing third in Group D.To reach the second round of qualification, the Swallows eliminated South Sudan 4-1 on aggregate after defeating them 2-0 and 2-1 in the first and second legs respectively.Match Facts This will be the 9th meeting between the two sides since December 2007.In the previous 8 meetings, Uganda has won 6, Burundi 1 while the other ended in a draw.Despite featuring in the same qualification zone, this will be the first time the two nations meet in the CHAN qualifiers.Uganda has won both of the last two meetings with Burundi, scoring five goals and conceding just one.Going into the game, Uganda has won five of their past 7 CHAN qualifiers (D1 L1).At home, the Cranes have won all four of their last 4 CHAN qualifiers scoring an impressive 14 goals whilst conceding just two.For Burundi, they have also been fairly impressive in the CHAN qualifiers as they have won 5 of their last 9 games (D1 L3).However, away from home, they have won just two and lost as many of their last four fixtures.Comments last_img read more

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Little Tyrannosaur with “Proto-Feathers” Found

first_imgNational Geographic News wasted no time; a day before a report of another Chinese dinosaur with feathery-like structures was published in Nature,1 they already had color artwork on their news page, trumpeting the title, “T. Rex Cousin Had Feathers.”  Yet Nature itself seemed ho-hum about the announcement.  It was neither the cover story, nor mentioned in any news briefs in the journal.  Though Nature Science Update was proud of the find, it hastened to add that the proto-feathers, as some are calling them, “are not what we would recognise as feathers today, but are their evolutionary precursors.  Rather than having a central shaft and barbs, they are single flexible filaments that would have covered the dinosaur’s body like hair.”  Next day, Science2 was more interested in its advanced cranium than its fuzz, and mentioned nothing about it being an ancestor of feathers or flight.    A look at the illustrations in the scientific paper confirms the impression that calling these “proto-feathers” is a stretch.   Any suggestion that these “integumentary structures” even had branches at all is unclear; they look like narrow, overlapping stripes on the rock, and there is no way to tell how they were attached to the skin.  The filaments are only about 2 cm long and were found related to the tail and jaw bones.  The team that discovered Sinornithosaurus, another “feathered” dinosaur, admitted in 2001 that “Despite these similarities, homology between the integumental filaments of Sinornithosaurus and avian feathers has been questioned.”  The team that reported this new find, named Dilong paradoxus, only referred back to that paper with a cautious statement that such “filamentous integumentary structures in Jehol theropods have been interpreted as protofeathers.”    They suggest that these structures might have provided thermal insulation.  These beasts, about the size of large dogs, may have had trouble storing heat.  Big animals, like teenage T. rex monsters (see 08/11/2004 headline), have trouble getting rid of it – that’s why elephants lose their baby hair as they grow.  They did not give any indication the filaments were related to the origin of flight in any way.  Another problem is that Dilong is classified as “early” in the evolution of dinosaurs, and it already had some “derived” features (i.e., fully evolved, similar to those of later descendants), while other contemporaneous groups lacked them.  “The distribution of postcranial pneumatization” [hollowness in skeletal bones], for instance, “is thus very complex among coelurosaurians, rather than displaying a continuous evolutionary trend along the line to birds.”    The bottom line: strange filaments apparently associated with a small, new kind of tyrannosaurid dinosaur have been found well preserved in Liaoning province, China, but no one knows quite what to make of them.  They appear early on in the tyrannosaurid lineage, but are not yet known among Cretaceous monsters like T. rex.  The filaments do not establish any unambiguous phylogenetic link to modern bird feathers except for superficial similarities.  They look more like hair than feathers, and probably functioned as insulation.1Xu, Norell et al., “Basal tyrannosauroids from China and evidence for protofeathers in tyrannosauroids,” Nature 431, 680 – 684 (07 October 2004); doi:10.1038/nature02855.2Erik Stokstad, “T. rex Clan Evolved Head First,” Science, Vol 306, Issue 5694, 211, 8 October 2004, [DOI: 10.1126/science.306.5694.211a].This critter was no more evolving into a bird than a porcupine is, but news outlets like National Geographic are so eager to prove birds evolved from dinosaurs, you can practically sense them chomping at the bit to leap into the air themselves.  Mark Norell (on the discovery team) said that Jurassic Park IV will probably portray all the monsters with feathers instead of scales.  We’ve learned to be cautious about claims of feathered dinosaurs evolving into birds (see 05/06/2004, 05/19/2003 and 11/21/2002headlines, for instance).  It’s going to take a lot more than a few scratch-lines on rock to make this story stick.    Since dinosaurs are not all that similar to living reptiles and are all extinct, we should be open to any piece of evidence that helps us understand what they looked like: skin impressions, tracks, and now these filaments.  If the filaments helped keep the little doggy dinosaurs warm, like hair does, then they were not evolving into something else; they had a function.  Perhaps the young had some kind of downy covering to retain heat and lost it as adults.  Avian feathers, on the other hand, are much more complex than these filaments and are designed (for birds of the air) for flight.  Each creature was adapted to its environment; that shows design, not evolution.  Anyone thinking the dino-bird advocates have scored yardage with this find should read this description of the difference between scales and feathers by Dr. David Menton, and also read our previous reports on problems the Darwin Party wrestles with in their own just-so stories of the evolution of feathers (see 10/30/2003 and 08/21/2001 headlines).(Visited 39 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

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Cartoon: A Use Case for the iPad

first_imgAh, yup. Between the price point, the locked-down App Store approach, the spiffy design, the tech specs, the lack of camera, the lack of multitasking, the lack of phone, the cool iBook Store, the corny iBook shelves, the impending transformation of personal computing, the impending collapse of Apple stock, the green light for 3G voice-over-IP apps, the telco deals, the publisher deals, the rumor fact checks, the comparisons with Windows, the Kindle-killing, the not-Kindle-killing and the just-have-to-wait-and-see, all of the good points are taken.Okay, except maybe pointing out how disappointed cartoonists are that there’s no pressure-sensitive stylus. But That Would Be Self-Serving, so I won’t say it.I’m sure there are probably a few more sanitary-napkin jokes left waiting in the wings (Anyone joke about a Maxi model yet? They did? Bugger.) but I’d like to think I’m above that. (Addendum:Alex tells me that “wings” is also circulating as an iPad joke. God, I’m clueless about this stuff. Is there a course I can take somewhere? Or maybe an app?)All I can say is this: Dollhouse wrapped on Friday night, and I’m just about certain that even if the zombie apocalypse was brought about, not by the depradations of the Rossum Corporation, but by an iPad OS update that went horribly, horribly wrong… I’d still want one of the gorgeous damn things. Related Posts 9 Books That Make Perfect Gifts for Industry Ex… Tags:#Cartoons#web rob cottingham 4 Keys to a Kid-Safe App 5 Outdoor Activities for Beating Office Burnout More Noise to Signal. 12 Unique Gifts for the Hard-to-Shop-for People…last_img read more

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Google Chrome Becomes Location Aware

first_imgGoogle just launched the latest developer version of Chrome, which now includes preliminary support for Google’s the W3C’s geolocation API. Google’s Geolocation API allows developers to pinpoint your computer’s location by looking at the WiFi networks around you, similar to SkyHook‘s technology that is part of Apple’s OSX and iPhone OS. For now, this new feature is still hidden behind a command line toggle and only available in the developer builds for Windows and OSX Leopard (it doesn’t work on Snow Leopard yet).To enable these built-in geolocation features, you have to run the browser with “–enable-geolocation.” It’s typical for Google to first hide these features behind a command line toggle before exposing them to a wider group of testers. The Chrome team also notes that the geolocation UI is still incomplete and that Chrome will forget the permissions you set.Preparing for Chrome OS?It makes sense for Google to enable geolocation for Chrome, especially given the impending release of the Chrome OS, which will also benefit from these new features. Mozilla already offers a built-in location API for Firefox and with Geosense for Windows, Windows 7 developers can now also make use of Google’s Geolocation API in their native apps.Location for Every BrowserThanks to the current efforts by most browser developers, location APIs will soon become ubiquitous and hopefully more developers will make use of them. While a number of mobile apps for the iPhone, for example, now make use of the location feature in the mobile version of Safari, only a small number of browser-based apps are currently aware of your location. While using WiFi location isn’t quite as precise as using a GPS, the precision is usually much better than relying on a user’s IP address. For more of our thoughts about location as a platform, also have a look at this post: The Era of Location-as-Platform Has Arrived. Tags:#Google#news#web Top Reasons to Go With Managed WordPress Hosting 8 Best WordPress Hosting Solutions on the Market A Web Developer’s New Best Friend is the AI Wai…center_img frederic lardinois Why Tech Companies Need Simpler Terms of Servic… Related Posts last_img read more

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Opposition Leader outraged at circulating photo

first_img Related Items: Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, July 15, 2006 – The Commissioner should resign and go home according to former Premier Michael Misick who said the crime in our islands is way out of control and requires a symposium for national discussion.Opposition Leader Sharlene Robinson commented last night via media statement that she is gravely concerned for children,O for women and was also outraged at the photograph being circulated.  I quote now, “The need to preserve crime scenes when applicable is critical and the protection of the body from unauthorised photographs must be of paramount importance, not just for the rights of the victim and their families but to not expose evidence to a receiving public that may include the perpetrator. We must catch up in crime fighting and response.  Times and criminals have changed and we must employ new tactics and tools.” – Sharlene Cartwright RobinsonAll of these officials today expressed thank you to the Dominicans who volunteered and found Sorineida and condolences to the family and friends of the young woman, who was just 26 years old and had been a part of the TCI Community for at least the past four years now.  Another major call by the leaders, for those with information to come forward; the Police need the public’s help to solve crime.last_img read more

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Parolee leads police on road chase near San Diego Bay

first_img KUSI Newsroom, KUSI Newsroom October 2, 2018 Categories: Local San Diego News FacebookTwitter Posted: October 2, 2018center_img Parolee leads police on road chase near San Diego Bay SAN DIEGO (KUSI) – A parolee who fled a traffic stop on Shelter Island early Tuesday led officers on a pursuit into Barrio Logan, where tire-flattening spike strips forced him to a halt and a pall of police tear gas helped persuade him to surrender, authorities reported.San Diego Harbor Police personnel spotted the man, later identified as 32-year-old Andrew Dwight Sigsbee, driving erratically near America’s Cup Harbor shortly after 5:30 a.m. and tried to pull him over, according to the port law enforcement agency.The driver refused to yield, fleeing to the east past Lindbergh Field and south toward the San Diego Convention Center, officials said.The chase, during which Sigsbee’s car collided a patrol vehicle, ended in the 1200 block of Harbor Drive, near Waterfront Park, after the sedan ran over spike strips laid out in the roadway by San Diego police.Sigsbee initially ignored officers’ commands to surrender, resulting in a brief standoff. After SDPD officers shot pepper-spray projectiles into his disabled sedan, he exited the car and surrendered.Sigsbee was arrested on suspicion of evading arrest, assault with a deadly weapon — his car — and violation of parole. He was being held at San Diego Central Jail on $50,000 bail pending arraignment, scheduled for Thursday afternoon.The harbor police officer involved in the collision with the suspect’s car was taken to a hospital for treatment of minor injuries.Traffic lanes in the area where the pursuit ended remained blocked for about an hour, authorities reported. Updated: 1:42 PMlast_img read more

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What to expect from Fleet Week San Diego 2018

first_imgWhat to expect from Fleet Week San Diego 2018 Posted: October 22, 2018 KUSI Newsroom October 22, 2018 KUSI Newsroom, SAN DIEGO (KUSI) – Here in San Diego, we salute our men and women in the military year round but next week, there will be a series of special events designated to help you celebrate and honor our troops during Fleet Week San Diego. Categories: Good Morning San Diego, Local San Diego News FacebookTwitterlast_img

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