ECB should offer more liquidity and buy debt

first_img ECB should offer more liquidity and buy debt whatsapp Sunday 14 November 2010 10:50 pm HURRAH! All the tricky issues are out of the way. A second round of quantitative easing from the US Federal Reserve – done. The US jobless numbers – done. President Barack Obama’s mid term elections – done. And so what does all this mean for the markets? All together now… it is time to start worrying about peripheral Europe again. Isn’t life simple? Spreads between Irish 10-year bonds and German 10-year bunds have been driven to their widest levels ever. While some believe that not a whole lot has changed over the past few weeks for smaller European countries, the evidence suggests the contrary. I sat down with the man many know best as Dr Doom, Nouriel Roubini, co-founder and chairman of Roubini Global Economics, and he told me he thinks there have been two market triggers for spreads widening. First, the signal coming from the French-German agreement that there will be a resolution mechanism for sovereigns to create an orderly debt restructuring mechanism (which means that there’s a larger probability that we’ll eventually get a debt reduction in places like Greece and Portugal). Second, Ireland’s extension of debt guarantees to the financial system, which implies that they’re transferring ever more of the losses from the banking system onto the government’s balance sheet. Eventually, according to Roubini, sovereigns won’t be able to cope with this massive burden.Roubini argues that the ECB is just making the problem worse. He thinks that in a situation where there is such a huge fiscal consolidation going on, the ECB should be providing more liquidity to the financial system – in this case in the form of further quantitative easing and by buying the debt of many of these troubled sovereigns. In Roubini’s view, monetary policy in the Eurozone is too tight, and it only gets worse when you factor in currency moves. Germany can live with a euro of $1.40/$1.50 as it is so competitive, but peripheral Europe actually needs a euro closer to parity against the greenback. This is damaging the recovery in large parts of Europe – and if there is no growth, then the sovereign and banking problems will only become worse.The good part is that the Fed’s latest round of stimulus is equivalent to a 0.75 per cent interest rate cut. The bad part? Most of that was already priced in by the markets. All in all, while we have reduced the chances of a global double dip recession or near term deflation, Europe faces a very sticky period indeed. Louisa Bojesen co-anchors European Closing Bell weekdays on CNBC. KCS-content Sharecenter_img whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKansas coach fired for using N-word toward Black playerthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child Tags: NULLlast_img read more

"ECB should offer more liquidity and buy debt"

Fixed mortgage rates increase

first_img The average rate of interest on a two-year fixed rate mortgage has increased to 4.59 per cent, its highest level in ten months, according to the Moneyfacts website. Yet tracker rates have dropped to 3.4 per cent, as lenders look to tempt mortgage holders onto deals that follow the central Bank rate of interest. whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo whatsapp Share Monday 7 March 2011 8:30 pmcenter_img KCS-content Fixed mortgage rates increase Show Comments ▼ More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her Tags: NULLlast_img read more

"Fixed mortgage rates increase"

Data breaches are inevitable – here’s how to protect yourself anyway

first_imgW. David Salisbury is a Sherman-Standard Register Professor of Cybersecurity Management, Director Center for Cybersecurity & Data Intelligence, at the University of Dayton and Rusty Baldwin is a Distinguished Research Professor of Computer Science; Director of Research, Center for Cybersecurity and Data Intelligence at the University of DaytonThis article is republished from The Conversation under a Creative Commons license.  Please enter your comment! Share on Facebook Tweet on Twitter By W. David Salisbury, and Rusty Baldwin, University of DaytonIt’s tempting to give up on data security altogether, with all the billions of pieces of personal data – Social Security numbers, credit cards, home addresses, phone numbers, passwords and much more – breached and stolen in recent years. But that’s not realistic – nor is the idea of going offline entirely. In any case, huge data-collection corporations vacuum up data about almost every American without their knowledge.As cybersecurity researchers, we offer good news to brighten this bleak picture. There are some simple ways to protect your personal data that can still be effective, though they involve changing how you think about your own information security.The main thing is to assume that you are a target. Though most individual people aren’t specifically being watched, software that mines massive troves of data – enhanced by artificial intelligence – can target vast numbers of people almost as easily as any one person. Think defensively about how you can protect yourself from an almost inevitable attack, rather than assuming you’ll avoid harm.What’s most important now?That said, it’s unproductive and frustrating to think you must pay attention to every possible avenue of attack. Simplify your approach by focusing on what information you most want to protect.Covering the obvious, keep your software up-to-date. Software companies issue updates when they fix security vulnerabilities, but if you don’t download and install them, you’re leaving yourself unprotected from malware such as keystroke loggers. Also, be smart about what links you click in your email or when browsing the web – you could inadvertently download malicious software to your phone or computer, or allow hackers access to your online accounts.In terms of online data, the most important information to protect is your login credentials for key accounts – like banking, government services, email and social media. You can’t do much about how well websites and companies safeguard your information, but you can make it harder for hackers to get into your account, or at least more than one of them.Reusing login names and passwords is a significant risk.Mihai Simonia/Shutterstock.comHow? The first step is to use a different username and password on each crucial site or service. This can be complicated by sites’ limits on username options – or their dependence on email addresses. Similarly, many sites have requirements on passwords that limit their length or the number or type of characters that they can include. But do your best.The reason for this is straightforward: When a bunch of usernames and passwords fall into malicious hands, hackers know it’s human nature to repeat usernames and passwords across many sites. So they almost immediately start trying those combinations anywhere they can – like major banks and email services. A chief information security officer we know in the banking industry told us that after the Yahoo breach of a few years ago, banking sites were hit with multiple attempts to log in with credentials stolen from Yahoo.Use long passwordsThere has been a lot of research about what makes a strong password – which has often led to many people using complex passwords like “[email protected]” But more recent research suggests that what matters much more is that passwords are long. That’s what makes them more resistant to an attempt to guess them by trying many different options. Longer passwords don’t have to be harder to remember: They could be easily recalled phrases like “MyFirstCarWasAToyotaCorolla” or “InHighSchoolIWon9Cross-CountryRaces.”It can be daunting to think about remembering all these different usernames and passwords. Password management software can help – though choose carefully as more than one of them have been breached. It can be even safer – despite conventional wisdom and decades of security advice – to write them down, so long as you trust everyone who has access to your home.Use a third line of defenseHave hackers driven us back to the age of the physical key?BautschTo add another layer of protection – including against troublesome housemates – many sites (Google, for example) let you turn on what’s called multi-factor authentication. This can be an app on your smartphone that generates a numeric code every 30 seconds or so, or a physical item you plug into your computer’s USB port. While they can afford at least some protection, be wary of sites that send you a text with a code; that method is vulnerable to interception.With these straightforward steps – and the new mindset of thinking like a target who wants to avoid getting hit – you’ll be far less worried when news breaks of the next breach of some company’s enormous data files. Bad guys may get one of your usernames, and maybe even one of your passwords – so you’ll have to change those. But they won’t have all your credentials for all your online accounts. And if you use multi-factor authentication, the bad guys might not even be able to get into the account whose credentials they just stole.Focus on what’s most important to protect, and use simple – but effective – methods to protect yourself and your information. You have entered an incorrect email address! Please enter your email address here Please enter your name here TAGSThe Conversation Previous article5 Airbnb rentals you have to see…Next articleApopka Burglary Report Denise Connell RELATED ARTICLESMORE FROM AUTHORcenter_img Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 The Anatomy of Fear Support conservation and fish with NEW Florida specialty license plate LEAVE A REPLY Cancel reply Save my name, email, and website in this browser for the next time I comment.last_img read more

"Data breaches are inevitable – here’s how to protect yourself anyway"

Kurdish opposition TV channel’s reporter held for past week

first_img Help by sharing this information August 26, 2020 Kurdish opposition TV channel’s reporter held for past week News After the Asayish prevented him from filming and confiscated his material, he continued to cover the protest for NRT by phone connection and to film it with his smartphone, but the Asayish arrested when he returned home. NRT’s correspondent in Zakho, a city near the Turkish border, Ahmad Zakhoy was arrested by members of the Asayish (Kurdish intelligence services) and placed in detention on 19 August, since when his family has had no news of him. to go further IraqMiddle East – North Africa Condemning abusesProtecting journalists Imprisoned Iraq is ranked 162nd out of 180 countries in RSF’s 2020 World Press Freedom Index. December 16, 2020 Find out more Receive email alerts “We call for Ahmad Zakhoy’s immediate release,” said Sabrina Bennoui, the head of RSF’s Middle East desk. “It is unacceptable that he continues to be detained and is being denied any contact with his family because he did his duty as a reporter by covering a protest with his telephone, in the absence of a camera.” Iraq : Wave of arrests of journalists covering protests in Iraqi Kurdistan December 28, 2020 Find out more IraqMiddle East – North Africa Condemning abusesProtecting journalists Imprisoned News News RSF_en News Continuing a months-old quest to get NRT suspended, the authorities in Iraqi Kurdistan have brought a court action against the TV channel, with the result that its bureaux in Dohuk and Erbil were closed on 20 August. The authorities accuse NRT of helping to “encourage violations and anarchy, and disturb the peace in the Kurdistan region.” The first hearing in the case has been set for 9 September. Three jailed reporters charged with “undermining national security” February 15, 2021 Find out more Organisation Neither his family nor his fellow journalists know what he is charged with or where he is being held. RSF’s 2020 Round-up: 50 journalists killed, two-thirds in countries “at peace” NRT told RSF that his arrest was the result of his coverage of a protest by Kurdish drivers opposed to Turkish drivers being allowed to enter Iraqi Kurdistan via the Ibrahim Khalil border crossing. Follow the news on Iraq Reporters Without Borders (RSF) calls for the immediate release of an Iraqi Kurdish reporter who has been held by the authorities in Iraqi Kurdistan for the past week, ever since he was arrested after covering a protest for the opposition TV channel NRT. last_img read more

"Kurdish opposition TV channel’s reporter held for past week"

Cambodia’s Universal Periodic Review: Press freedom ruthlessly crushed ahead of Sunday’s general election

first_img RSF decries Cambodian plan for Chinese-style “Great Firewall” Journalists directly targeted January 21, 2021 Find out more Bad legislation Receive email alerts On the eve of a Cambodian general election that is bound to be an appalling travesty of democracy, Reporters Without Borders (RSF) is publishing the contribution it recently sent to the UN Human Rights Council for the Universal Periodic Review (UPR) of Cambodia’s human rights record. The contribution is a damning litany of press freedom violations. News Help by sharing this information Ever since the opposition did unexpectedly well in the communal elections held in June 2017, Prime Minister Hun Sen’s regime has dramatically escalated its suppression of the freedom to inform, closing media outlets, intimidating and jailing journalists and manipulating social network content. CambodiaAsia – Pacific Condemning abusesMedia independenceInternational bodies CorruptionJudicial harassmentEconomic pressurePredatorsImprisonedUnited Nations At the same time, James Ricketson, a 69-year-old Australian documentary filmmaker, has languished in prison for more than a year for filming an opposition party demonstration. His children say they are alarmed about his declining health. Former RFA journalists Uon Chhin and Yeang Sothearin are likewise being held arbitrarily in Cambodia’s badly overcrowded Prey Sar prison. Their latest request for release on bail was denied on 23 July. Media ownership is another problem. The failure to effectively restrict ownership concentration means that editorial independence and media pluralism cannot be guaranteed. Nonetheless, the Cambodian authorities did not keep their promise to the UN Human Rights Council to replace these provisions with legislation that conforms to international standards. February 24, 2021 Find out more CambodiaAsia – Pacific Condemning abusesMedia independenceInternational bodies CorruptionJudicial harassmentEconomic pressurePredatorsImprisonedUnited Nations Cambodian journalist gets 20 months in jail for livestream Cambodia’s independent media, which had displayed a great deal of professionalism and dynamism in an increasingly oppressive environment, were swept away in series of government offensives, the biggest of which was the arbitrary closure of around 30 outlets in the summer of 2017. They included Cambodia Daily, a newspaper that had accompanied Khmer democracy for decades, and the local bureau of US-funded Radio Free Asia (RFA). Another pillar of Cambodia’s free press, the Phnom Penh Post, was acquired in May 2018 by a Malaysian businessmen close to Hun Sen. Its editor in chief, Kay Kimsong, was immediately fired while some of the newsroom staff resigned rather than comply with the new owner’s dictates. The newspaper changed overnight, turning into a docile government propaganda mouthpiece. December 28, 2020 Find out more Cambodia is ranked 142nd out of 180 countries in RSF’s 2018 World Press Freedom Index, ten places lower than in 2017. They will complete their 257th day in detention far from their families on Sunday, election day. Like so many other press freedom actors, they are the collateral victims of the regime’s demolition of Khmer democracy.center_img News During the previous UPR in 2014, the Cambodia authorities undertook to “respect and protect the rights of journalists to conduct their work without hindrance, intimidation or harassment.” Instead, two former Cambodia Daily reporters, Aun Pheap and Zsombor Peter, have had to flee the country to escape prosecution on a trumped-up charge of inciting crime during their coverage of the June 2017 communal election. Relentless offensive Government control of mass media Collateral victims to go further RSF_en Organisation Prime Minister Hun Sen addresses the UN General Assembly. Cambodia’s ruler for the past 33 years, he has eliminated the country’s independent media in order to remain in power (photo: Timothy A. Clary / AFP). News Related documents RSF contribution to Cambodia’s Universal Periodic Review (ENG)PDF – 199.92 KBContribution de RSF à l’Examen périodique universel du Cambodge (FRA)PDF – 216.39 KB During Cambodia’s last UPR in 2014, the Cambodian authorities undertook to strengthen the fragile Khmer democracy in various ways including a revision of its press law. Under one of the law’s provisions, publications can be confiscated without reference to the courts if they are deemed to “affect political stability.” Fearing that they might lose their tight grip on power in the parliamentary election that is to be held on Sunday (29 July), Hun Sen and his associates have spent the past year systematically purging the Cambodian media of all critics and imposing their own version of events. July 26, 2018 Cambodia’s Universal Periodic Review: Press freedom ruthlessly crushed ahead of Sunday’s general election Follow the news on Cambodia News Google experiments drop Australian media from search results Instead, the ruling party has significantly increased its control of Cambodia’s mass media. The four biggest media owners already had nearly 85% of the country’s viewers, listeners and readers in 2017. And all are either members of the government or its advisers. They include Hun Sen’s daughter Hun Mana and Say Chhum, the current senate speaker and the ruling party’s vice-president. This formidable cartel’s control is now approaching 100%.last_img read more

"Cambodia’s Universal Periodic Review: Press freedom ruthlessly crushed ahead of Sunday’s general election"

Pasadena Jewish Temple & Center and Rabbi John Carrier Make It Official

first_imgPasadena Jewish Temple & Center (PJTC) said Wednesday it was thrilled to announce that it has hired Rabbi John Carrier as its Senior Rabbi.Rabbi Carrier assisted PJTC on an interim basis while an ongoing search was conducted for the new rabbi. After an exhaustive search, it was clear that Rabbi Carrier’s care for community members, warm and engaging demeanor, strong teaching skills and ability to connect with a wide range of generations made him the best fit for PJTC’s vibrant community.“When I took the interim role at PJTC, I had been working full-time on a project to enhance Jewish learning online for people who don’t have access to synagogues,” Rabbi Carrier said about his previous role. “But I missed being a regular part of a community, and my friends at PJTC needed some help during a time of change. Little did I know how much my family and I would grow to love this particular community…and how important online learning would become for all communities in this historic moment.”PJTC’s President, Geoffrey DeBoskey, commented, “From the moment Rabbi Carrier first began working with our community on an interim basis, I was impressed by him as a person and a Rabbi, and I am very excited to now be working with him both on PJTC’s needs today and ensuring the synagogue remains strong for many years to come.”Beryl Strauss, Executive Director at PJTC is looking forward to Rabbi Carrier’s continued leadership of the temple and center. “He has shown to me a sincere willingness to be fully present with the congregation. Actively listening is one of Rabbi Carrier’s strong suits,” says Strauss, “as well as his incredible collaboration and inspirational teaching ability. I see Rabbi Carrier being the lightening rod to the congregation for the future.”Cantor Ruth Berman Harris says, “I am so blessed to have Rabbi Carrier as my partner. We are so very different and complement each other so well; it is the greatest gift to work with him and lead the PJTC community to higher grounds.”PJTC describes itself as an open-minded, conservative-movement based congregation with both a traditional and creative take on Judaism. Based in beautiful Pasadena, California, the temple and center serves members hailing from throughout the San Gabriel Valley.As one of the oldest congregations in the area, they have built an intergenerational, diverse and rich community, 475+ families strong. Rabbi Carrier’s official installation is scheduled for August 16th. 111 recommended0 commentsShareShareTweetSharePin it Community News Community 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. Make a comment Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy STAFF REPORT First Heatwave Expected Next Week Herbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyYou Can’t Go Past Our Healthy Quick RecipesHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeauty11 Signs Your Perfectionism Has Gotten Out Of ControlHerbeautyHerbeautyHerbeauty11 Yummy Spices For A Flat TummyHerbeautyHerbeautyHerbeautyWhat Is It That Actually Makes French Women So Admirable?HerbeautyHerbeauty Faith Pasadena Jewish Temple & Center and Rabbi John Carrier Make It Official STAFF REPORT Published on Wednesday, July 22, 2020 | 4:04 pmcenter_img Business News Name (required)  Mail (required) (not be published)  Website  Subscribe Top of the News 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 More Cool Stuff CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Your email address will not be published. Required fields are marked *last_img read more

"Pasadena Jewish Temple & Center and Rabbi John Carrier Make It Official"

GSEs Surpass FHFA’s Expectations for Risk Transfer

first_img Tagged with: Conservatorship Credit Risk Transfer Fannie Mae FHFA Freddie Mac Risk-Sharing Transactions About Author: Brian Honea Conservatorship Credit Risk Transfer Fannie Mae FHFA Freddie Mac Risk-Sharing Transactions 2016-04-27 Brian Honea Home / Daily Dose / GSEs Surpass FHFA’s Expectations for Risk Transfer  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img GSEs Surpass FHFA’s Expectations for Risk Transfer The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Ocwen Stung by First Quarter Loss Next: A2Z Field Services Celebrates Milestone Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Since 2013, Fannie Mae and Freddie Mac have participated in back-end credit risk transfer initiatives on single-family mortgage loans in order to encourage more participation of private capital investors and reduce risk to taxpayers.Fannie Mae’s main credit risk transfer initiative has been the Connecticut Avenue Securities (CAS) series, while Freddie Mac’s has been the Structured Agency Credit Risk (STACR) program. The FHFA’s 2015 conservatorship scorecard required Fannie Mae to lay off $150 billion in credit risk and Freddie Mac to lay off $120 in credit risk during 2015—and both GSEs not only met but exceeded that goal, according to Urban Institute’s March 2016 Chartbook.Fannie Mae laid off $187 billion in credit risk during 2015, exceeding the goal by $37 billion, while Freddie Mac laid off $210 billion in credit risk, exceeding its goal by $90 billion.According to the Urban Institute’s April 2016 Chartbook released this week, the FHFA’s 2016 scorecard calls for the GSEs to target 90 percent of newly-acquired single-family mortgages for transfer.According to the April Chartbook, CAS issuances by Fannie Mae now cover more than 20 percent of its outstanding single-family mortgage guarantees (covering 12 CAS offerings, through April 2016). Freddie Mac’s 19 STACR offerings through March 2016 cover more than 27 percent of its single-family mortgage guarantees.“We’re seeing a positive response from investors, who see strong fundamentals in mortgage credit risk and Fannie Mae mortgage credit risk in particular. The CAS program provides investors with consistent opportunities to benefit from Fannie Mae’s innovative and industry-leading credit risk management approach while gaining exposure to the U.S. housing market,” said Laurel Davis, VP of credit risk transfer, Fannie Mae. “One of our primary areas of focus is to continue to work to expand the investor base, and with this deal we continued to see new investors come into the program.”Last week, Freddie Mac announced its intention to sell its 20th STACR debt notes offering, worth $916 million and containing a pool of recently-acquired single-family mortgages with an unpaid principal balance (UPB) of approximately $30 billion.“For Freddie Mac, credit risk transfer is not a ‘pilot’ anymore. It is integrated into our entire business model,” Freddie Mac CEO Donald Layton said late last year. “Depending upon how you measure it, in Single-Family, we are selling off in the range of 2/3 or 3/4 of the non-catastrophic risk. Single-family risk transfer was zero a few years ago by comparison. Now it’s a fast-moving field. The instruments we use are growing and evolving. We’re also doing this with sound economics. It’s very exciting.” in Daily Dose, Featured, News, Secondary Market April 27, 2016 1,337 Views Sign up for DS News Daily last_img read more

"GSEs Surpass FHFA’s Expectations for Risk Transfer"

Pringle says further delay in the National Broadband Plan is unacceptable

first_img 365 additional cases of Covid-19 in Republic It’s emerged the National Broadband Plan could be delayed for another two years, sparking concern in rural areas of Donegal.The Department of Communications this week confirmed that procurement is to be delayed until 2017 causing concern that it could now be 2022 before the plan is fully realised.Donegal Deputy Thomas Pringle says the delay reveals what he termed the inherently flawed nature of the plan.There are reports that broadband is an issue being highlighted by rural independents in the ongoing talks on the formation of a government.Deputy Pringle, who isn’t part of that process, is not convinced that will address all the issues involved.Most importantly, he says rural areas can’t sustain another delay………Audio Player Up/Down Arrow keys to increase or decrease volume. Google+ Pinterest 75 positive cases of Covid confirmed in North WhatsApp Gardai continue to investigate Kilmacrennan fire Further drop in people receiving PUP in Donegal WhatsApp Homepage BannerNews Man arrested on suspicion of drugs and criminal property offences in Derry Pringle says further delay in the National Broadband Plan is unacceptablecenter_img Main Evening News, Sport and Obituaries Tuesday May 25th By admin – April 27, 2016 Previous articleRuaille Buaille le Colm Feiritéar 26/04/16Next articleRight2Water Donegal hits out at Fianna Fail compromise admin RELATED ARTICLESMORE FROM AUTHOR Google+ Facebook Twitter Pinterest Facebook Twitterlast_img read more

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Cattlemen to auction off equipment Saturday

first_img Sponsored Content Latest Stories Print Article Troy falls to No. 13 Clemson Saturday is the big day for the Pike County Cattlemen’s Association big Equipment Auction Sale at Cattleman Park.And, “big” is the word Cattleman Johnny Garrett used to describe the impact the fundraiser has in its support of Cattleman Park and the association’s youth programs.“Big” is also an indication of the amount of equipment that will be on the auction block come Saturday morning. Remember America’s heroes on Memorial Day You Might Like Convicted murderer found guilty on felony charges A man convicted of murder by a Dale County jury in 2012 has now been found guilty of two more… read more 123456PrevNextStartStop Email the author Cattleman Park is asset to Pike County. It’s the site of rodeos, cattle shows, receptions, reunions and a wide variety of special events.“We have a large covered arena and a building that seats 1,200 and it’s available to the public for a very reasonable fee,” Garrett said. “The PCCA Equipment Auction is our largest fundraiser. We have gotten great support from the community in the past and the response has been good for this year’s auction. There’s still plenty of time to put items on the block. The deadline is 5 p.m. Thursday. The auction will begin at 8 a.m. Saturday and run until …rain or shine. By Jaine Treadwell By The Penny Hoarder The Penny Hoarder Issues “Urgent” Alert: 6 Companies… And, he stands behind his word.“I just can’t think of anything that you would expect at an equipment auction that we won’t have,” Garrett said. “We even have a camper and the truck to pull it. We’ve got pickup trucks, heavy-duty trucks, police cars, motorcycles, bicycles and motorboats. We’ve got tractors and farm implements of every kind. We’ve got a lot of utility trailers, lawn mowers, weed eaters and anything you need to keep the yard up and use around the house – barbecue grills and other outdoor items.“Why, we’ve got those big boiling pots that you use when you kill hogs. The kind you cook ‘chit’lins’ in and we’ve got wood barrels. Antique farm items always get the bidding going. There’s a Coke box on the grounds and a gas pump and a bathtub.“It’s still early and no telling what we’ll have by cutoff time, at 5 p.m. Thursday. So we want everybody to come to the auction early and plan to stay late. We’ll have concessions so you can grab a bite and keep on bidding.” Plans underway for historic Pike County celebration Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthMost 10 Rarest Skins for FortniteTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel “This is our 15th year for the Equipment Auction and every year it seems like it gets bigger and bigger,” Garrett said. “We really appreciate those who bring equipment for the auction and those who come to bid. The funds that we raise help with the upkeep of the building and the grounds and also support our youth scholarship programs. This year, the Pike County Cattlemen’s Association will award nine $500 scholarships and the Cattlewomen will award four $1,000 scholarships.”Garrett said the scholarships will hopefully positively impact the lives of the recipients in a big way.As for Saturday’s PCCA Equipment Auction Garrett said, “If you can think of it, we’ve got it.” Pike County Sheriff’s Office offering community child ID kits Cattlemen to auction off equipment Saturday Book Nook to reopen Published 9:51 pm Tuesday, April 10, 2018last_img read more

"Cattlemen to auction off equipment Saturday"

Flights of fancy

first_imgZurich airport will play host to a special event celebrating the world of chocolate later this year. Held from 15 September to 31 October, 2006, the Soul of Chocolate exhibition will feature several stands providing passengers with information about the history, origin, processing and refinement of chocolate, as well as samples to taste.The event will be supported by shows, demonstrations and various sampling stands, where visitors will be able to discover the different ways it can be used to create exciting confectionery products. During the exhibition, bakery and confectionery apprentices from the Zurich area will have the opportunity to display their chocolate creations in a competition called Switzerland and Chocolate. These will be exhibited to the general public and judged by a panel of confectionery experts and representatives from Zurich airport, as well as by passengers. Air travel prizes will be awarded to the winners.As part of the judging process, passengers will have the opportunity to cast a vote and win one of 50 prizes of 10kg of chocolate.Soul of Chocolate is the first in a series of annual Best of Switzerland exhibitions, each of which will feature a typical Swiss product. The event is organised by Confiserie Sprüngli, Lindt & Sprüngli, airport retailer the Nuance Group and Unique, the company which runs Zurich airport.last_img read more

"Flights of fancy"