Fannie Mae Federal Housing Finance Agency FHFA Freddie Mac The U.S Senate Committee 2018-12-02 Donna Joseph Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Spotlight on the GSEs Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Home / Daily Dose / The Week Ahead: Spotlight on the GSEs Census Bureau Construction Spending Report, Monday, 10 a.m. ESTCoreLogic Home Price Insight Report, Tuesday, 9 a.m. ESTMBA Mortgage Applications, Wednesday, 7 a.m. ESTFed Beige Book, Wednesday, 2 p.m. ESTEllie Mae Millennial Tracker, Wednesday, 9 a.m. ESTFreddie Mac Primary Mortgage Market Survey, Thursday, 9 a.m. ESTCensus Bureau Employment Situation Report, Friday, 8:30 a.m. EST Share Save Tagged with: Fannie Mae Federal Housing Finance Agency FHFA Freddie Mac The U.S Senate Committee in Daily Dose, Featured, News, Servicing Subscribe Previous: Keeping Up With the Joneses Next: Genworth Launches Proprietary Pricing Solution December 2, 2018 1,105 Views The U.S Senate Committee on banking, housing, and urban affairs is scheduled to conduct a hearing titled, “Oversight of Pilot Programs at Fannie Mae and Freddie Mac,” in its open session. Sandra Thompson, Deputy Director, Division of Housing Mission and Goals, Federal Housing Finance Agency; Hugh R. Frater, Interim Chief Executive Officer, Fannie Mae; and Donald H. Layton, Chief Executive Officer, Freddie Mac, will be witnesses to the session. The hearings, scheduled on Wednesday, December 5, 2018, will be webcast live. Recently, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac would be discontinuing their single-family rental (SFR) pilot programs. While making this announcement, FHFA Director Melvin Watt had said that what was learned as a result of the pilots was that “the larger single-family rental investor market continues to perform successfully without the liquidity provided by the Enterprises.”Here’s what else is coming in The Week Ahead: The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Print This Post About Author: Donna Joseph Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days ago
About the authorCarlos VolcanoShare the loveHave your say Real Madrid coach Zidane pushes Modric to snub Croatia selectionby Carlos Volcanoa month agoSend to a friendShare the loveReal Madrid coach Zinedine Zidane wants Luka Modric to snub national team selection.Modric is currently sidelined with injury, though is expected to be called up by Croatia for the Euro qualifiers against Hungary and Wales, which will be held on October 10th and 13th.Marca says Zidane wants Modric to stay in Madrid and avoid risking a setback in his recovery.Zidane’s stand has the full support of the board, which will make the request on his behalf.
About the authorPaul VegasShare the loveHave your say Brighton defender Webster has long-term England hopesby Paul Vegas12 days agoSend to a friendShare the loveBrighton defender Adam Webster says he would love to play for England.The 24-year-old centre-half has turned out to be a brilliant piece of recruitment by Graham Potter over the summer. He told The Argus: “One day I would love to play for England.“For me right now, I am just focusing on Albion and taking each game as it comes.“We have got some tough games coming up and I am just fully focused on that right now.”
COLLEGE STATION, TX – SEPTEMBER 12: Kyle Allen #10 of the Texas A&M Aggies drops back to pass in the first half of their game against the Ball State Cardinals at Kyle Field on September 12, 2015 in College Station, Texas. (Photo by Scott Halleran/Getty Images)While the Mannings get most of the press, there may not be a better football family than the Matthews clan. Brothers Bruce and Clay Matthews were both NFL stars in the 1980s and 90s, and between the two of them, four of their sons have played in the NFL, including Green Bay Packers all-pro linebacker Clay Matthews III, and Atlanta Falcons 2014 first round pick Jake Matthews.Luke Matthews, a 2018 four-star offensive tackle recruit, may well be following his brothers Jake, former Tennessee Titans center Kevin, and current Texas A&M center Mike, in playing for the Aggies at the next level. Matthews told 247Sports that he was offered today, and his brothers think he may wind up being the best player in the family.#TAMU has offered the youngest Matthews brother, class of 2018 OT Luke Matthews: http://t.co/064NJ58XNr pic.twitter.com/WP0cPIoCw2— Gigem247 (@GigEm247) August 4, 2015“A&M gave me an offer today,” he said on Tuesday afternoon. The 6-foot-4, 310-pound rising sophomore is the younger brother of former A&M linemen Kevin Matthews and Jake Matthews and current Aggie center Mike Matthews. His father is NFL Hall-of-Fame offensive tackle Bruce Matthews. Luke’s older brothers have described him as possibly being the best of the bunch when all is said and done, something that would be very impressive as Jake was a first-round draft pick and Kevin spent some time in the NFL as well. Mike is A&M’s starting center and should get a shot in the league after this year as well.While Matthews has a ways to go before National Signing Day 2018, and in recruiting anything can happen, it should be a pretty decent bet that he’ll be the fourth brother to strap on the pads for Texas A&M.[247Sports]
Story Highlights Beasc Technologies, which was one of five Jamaican teams participating in the IBMC’s 2018 renewal in Utah, USA, from May 10 to 11, topped participants from 38 other colleges and universities to cop the champion’s trophy and a US$30,000 cash prize. The feats were achieved in only the fifth year that Jamaican tertiary student-run businesses were participating in the annual event, dating back to 2014 when the Development Bank of Jamaica (DBJ) launched the National Business Model Competition (NBMC) for local tertiary-student entrepreneurs. Northern Caribbean University (NCU) has created history by fielding the first Jamaican student entrepreneur team, Beasc Technologies, to win the prestigious International Business Model Competition (IBMC) for tertiary institutions globally. Northern Caribbean University (NCU) has created history by fielding the first Jamaican student entrepreneur team, Beasc Technologies, to win the prestigious International Business Model Competition (IBMC) for tertiary institutions globally.Beasc Technologies, which was one of five Jamaican teams participating in the IBMC’s 2018 renewal in Utah, USA, from May 10 to 11, topped participants from 38 other colleges and universities to cop the champion’s trophy and a US$30,000 cash prize.The teams’ performance was further embellished with a second-place finish by University of the West Indies (UWI) representative, Eco-Structures, whose members were awarded the US$20,000 first runner-up prize.The feats were achieved in only the fifth year that Jamaican tertiary student-run businesses were participating in the annual event, dating back to 2014 when the Development Bank of Jamaica (DBJ) launched the National Business Model Competition (NBMC) for local tertiary-student entrepreneurs.Both teams made their presentations to a high-level group of judges comprising author of the bestselling books ‘Running Lean’ and ‘Scaling Lean’ – Ash Maurya, Co-founder and Chief Executive Officer (CEO) of Startup Tuscon – Aaron Eden, and Founder and CEO of Precoil – David Bland.Other Jamaican entrants this year included 2018 NBMC winner – Queritel, and Skolastik Oasis, both from the UWI; and Pneulyfe from NCU. Eco-Structures and Pneulyfe were first and second runners-up, respectively, to Queritel.Their placements continued the impressive run of local teams finishing among the IBMC’s top-10 competitors, with all NBMC winners between 2014 and 2017 achieving this feat.The previous highest placement was recorded by 2017 NBMC winner, Natisma Nutraceuticals, which finished fourth.National NBMC Coach, Douglas Lindo, who travelled with the teams to Utah, has high praises for the performances of Beasc Technologies and Eco-Structures.“We are overjoyed. Imagine first and second in our fifth year of entering this world-class event. This is amazing,” he tells JIS News.Designed to encourage and promote the creative and innovative thinking of students, the NBMC facilitates local entrepreneurial skills and enhances collaboration and communication between stakeholders in the private sector and academia.The initiative is anchored and supported by the DBJ and its partners, including the Inter-American Development Bank-Multilateral Investment Fund (IDB-MIF), Private Sector Organisation of Jamaica (PSOJ), PanJam Investment Limited, Musson Foundation, Restaurant Associates Limited (Burger King), Scotiabank Jamaica, Sagicor Group, GK Capital Management, PetroCaribe Development Fund and NCB Foundation.The IBMC is sponsored by the Kevin and Debra Rollins Centre for Entrepreneurship and Technology in the Marriott School of Management at Brigham Young University, headquartered in Provo, Utah.The entrepreneurship programme at the Marriott School, which has campuses/students across the United States and in 105 other countries, is consistently ranked among the top such offered, annually.
South Africa’s Transnet National Ports Authority’s (TNPA) six-berth reconstruction project at the Maydon Wharf Precinct in the Port of Durban has reached a milestone, with berth 13 and 14 now deeper and safer for bigger ships calling at the port.On January 13, 2017, the Port of Durban serviced Bright Sky, the first vessel to use the berth 14 after reconstruction. Both berths are now fully operational, according to TNPA.The ZAR 1.5 billion project for reconstruction and deepening of six Maydon Wharf Berths 1-4, 13 and 14 was awarded to Stefanutti Stocks AXSYS joint venture in 2014.Once completed, the berths will have a draught of 14.5 meters enabling them to handle vessels with draughts up to 13 meters. However, the Maydon Wharf access channel will still need to be deepened to enable deeper draught vessels to sail in fully laden, according to TNPA.Constructed more than 90 years ago, the Maydon Wharf Precinct is one of the oldest cargo terminals and is the largest breakbulk and dry bulk handling precinct in the Port of Durban covering 120 hectares of the port land.The quay walls in the precinct were originally designed to handle vessels of approximately 20,000 dwt versus the 55,000 dwt vessels now calling the port.“The quay walls of the old berths had reached their lifespan and were becoming unsafe for the vessels to operate. This project has given new life and a safe environment for larger ships to berth,” Malefetsane Setaka, Port of Durban Engineer, said.The completion of berths 13 and 14 comes a few months after the handover of berth 1 and 2 to port operations in July 2016. This brings the number of completed berths to four.The project to reconstruct and repair all six berths is expected to be completed by 2018, according to TNPA.Image Courtesy: TNPA
Kolkata: Paying homage to Mahatma Gandhi on his 150th birth anniversary on Wednesday, West Bengal Chief Minister Mamata Banerjee said the historic Gandhi Bhavan, that has been renovated by the state government, will be inaugurated on the occasion. “Homage to #MahatmaGandhi ji on his 150th birth anniversary. We will pay tribute to the Father of the Nation at his statue on Mayo Road, #Kolkata. To mark #GandhiJayanti, the historic Gandhi Bhavan in Beleghata, renovated by #Bangla Govt, will be inaugurated today,” Banerjee tweeted. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari Puja “The #Bangla Govt has taken up many other initiatives to celebrate #Gandhi150 anniversary, including setting up a university dedicated to #MahatmaGandhi ji in Purba Medinipur district,” she said in another tweet. Rare photographs capturing Mahatma Gandhi’s 1947 stay at Beliaghata area here and articles used by him during the over three-week period when he tried to douse the flames of communal violence, will be on display from Wednesday at the house that hosted him. It has now been developed as a museum. In August and September of 1947, away from the celebration of Independence, Mahatma Gandhi chose to be in Kolkata with some of his followers to calm the rioters down. He stayed in the Beliaghata building during his stay.
New York: ‘Game of Thrones’ author GRR Martin says the final season of the epic fantasy HBO show was “not completely faithful” to his book series, ‘A Song of Fire And Ice’ on which it was based. The remark comes hot on the heels of the eighth and final chapter of ‘GOT’ winning the outstanding drama series Emmy, including an individual trophy for Peter Dinklage in the supporting actor in drama series category. “The (final) series has been… not completely faithful. Otherwise, it would have to run another five seasons,” Martin told Fast Company magazine. Also Read – ‘Terminator: Dark Fate’ has James Cameron’s fingerprints all over it: Arnold SchwarzeneggerThe loss in a book-to-screen adaptation can be “traumatic”, the author admitted. “Because sometimes their creative vision and your creative vision don’t match, and you get the famous creative differences thing – that leads to a lot of conflict,” he added. ‘GOT’ showrunners David Benioff and Dan B Weiss were called out for below par script writing and poor portrayal of women in the last season, resulting in lakhs of fans across the world sign an online petition urging the network to redo the final chapter, which ended in May.
Washington DC: China seeks to mould world in line with its authoritarian model and national goals, a top Pentagon official said on Tuesday, voicing concerns that Beijing has grown more prone to force other countries, ignoring the frictions in pursuit of its vision. Observing that China, under the leadership of the its President Xi Jinping has a different vision, Assistant Secretary of Defense for Indo Pacific Security Affairs Randall Shriver told a Washington audience that Beijing is increasingly developing the tools to pursue its vision and seems willing to accept more and more friction in pursuit of that vision. Also Read – Saudi Crown Prince Salman ‘snubbed’ Pak PM Imran, recalled his private jet from US: ReportWe are competing with China, therefore, because we see China’s leaders have assessed that they are in competition with us, both our ideas and our capabilities. Globally, China seeks to shape a world consistent with its authoritarian model and national goals, Shriver said during his appearance at the Brookings Institute, a top American think-tank. The rule of the Chinese Communist Party is increasingly authoritarian and less respectful for human rights and dignity, he said and alleged they are even beginning to export some of these tools such as facial recognition software and nationwide surveillance capabilities to other countries who are learning from China’s governance model. Also Read – Iraq military admits ‘excessive force’ used in deadly protestsWe are concerned that China has grown more willing, as I said, to apply pressure against other countries and accept friction in pursuit of its vision, he said. We observe China using influence operations to interfere in domestic politics of other countries, undermining the integrity of elections and threatening internal stability using economic coercion, and we’ve seen certainly recent examples in countries such as Mongolia, Australia, and Canada, he said. Shriver accused China of “promoting state-sponsored theft of other nations’ military and civilian technologies and exporting the most effective tools from its domestic toolkit to other nations for surveillance and potential use for internal repression”. “We see them extending its military presence overseas and expanding the one belt one road initiative to include military ties with China. We see deploying advance weapon systems to militarise disputed features despite pledges at the senior most level that they would not do so, he added. Noting that China seek to be a world-class military by 2049, and are making progress toward that goal, he said the Pentagon views military developments in China as seeking to erode the US military advantages. They are working to become a preeminent power in the Indo Pacific region while simultaneously undertaking plans to expand overseas presence and develop capabilities to sustain operations further from Chinese shores, he said. We see China widening the PLA’s operational reach to match what its leaders consider to be the global nature of China’s economic and national interest, he said, adding that press reports indicate that China has sought to expand its military basing and access in the Middle East, Southeast Asia, and the Western Pacific. Xi Jinping himself has called for the completion of a security system for OBOR to strengthen, protection of its overseas interest to ensure the security of major overseas projects and personnel, said the Pentagon official. China’s defense minister has also cited OBOR as a framework for China to increase its military cooperation with other countries, Shriver said. While our competition with China takes place on various levels, at the most fundamental and basic level, what we are really competing for is to sustain a position within the regional and international system, which allows us to promote, support, and protect a liberal rule-based order, whose institutions, rules, and norms have fostered peace for decades, he said. Shriver sad that all of this matters to the US because if China were to be successful and its authoritarian approach were to become ascendant, the world could look much different.
New Delhi: Over a year after the lending major IL&FS started defaulting on its commmercial papers and the massive corporate rot came to the fore, the cash balance of the group stands at over Rs 5,300 crore. The one year progress report of resolution and restructuring of crisis-hit group, released on October 1, said that the the board under Uday Kotak is building a “cash conservation culture” and has significantly increased the cash balance of the group. Also Read – Commercial vehicle sales to remain subdued in current fiscal: IcraHighlighting the increase in cash reserve, the report said: “Building cash conservation culture – significant increase. (As of) August 31, 2019 balance > Rs 5,300 crore.” There seems to be a major jump in cash reserves as, according to the balance sheet of the group for the financial year 2017-18, under its tainted previous board, its cash and cash equivalents stood at Rs 2,407.29 crore as of March 31, 2018. IL&FS, in its progress report, also said that it has expedited the recovery of loans made to non-IL&FS group entities and so far Rs 1,200 crore has been recovered from such firms. It has rationalised its expenditure and its wage bill has reduced by 45 per cent. Also Read – Ashok Leyland stock tanks over 5 pc as co plans to suspend production for up to 15 daysIt further said that resolution plans for all its 302 entities are ready and so far, debts of Rs 36,400 crore have been addressed. Three entities with a total debt of Rs 5,100 crore have been successfully restructured, the progress report mentioned. The group and its entities have a total external debt of Rs 94,216 crore. Speaking to the media here on Tuesday, the Non-Executive Chairman of IL&FS said that the board is confident on restructuring or resolving 50 per cent of the total debt. “We should be able to recover, restructure and/or resolve… which includes green companies as well… We believe that we should be above the 50 per cent mark… We are quite confident that we should cross 50 per cent based on our best estimates and judgements,” Kotak said. Public process has been launched for 65 entities including 54 domestic and 11 international entities and the public process for 11 others will be launched soon. Regarding the challenges in the asset monetisation process, the presentation said that large number of simultaneous processes, lack of centralized database, delay in audited accounts are among the major challenges. It also described the external economic environment as a challenge. It also mentioned the ‘coercive” creditor actions such as auto debit, and non-creation of FDs in contravention of court orders and said that a formal appr oval for resolution framework is awaited. It said that the new board has navigated through complexity and developed resolution plan for all 302 entities and the going concern status has been maintained to preserve value for all stake-holders. The board has formulated a unique resolution framework to balance interests of all stake-holders, it added.