Home / Daily Dose / Reverse Mortgage-Backed Securities: Good News and Bad News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: HECMs HMBS home equity conversion mortgage-backed securities Home Equity Conversion Mortgages Reverse Mortgages Data Provider Black Knight to Acquire Top of Mind 2 days ago Print This Post in Daily Dose, Featured, Journal, News, Secondary Market May 2, 2018 4,061 Views Share Save Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Reverse Mortgage-Backed Securities: Good News and Bad News Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: David Wharton Related Articles Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Issuance of home equity conversion mortgage-backed securities (HMBS) rose to $1.2 billion in April 2018, according to a new report by New View Advisors, “a financial services firm advising clients on capital markets, product development and valuation, mergers and acquisitions, and asset investment strategies in the reverse mortgage industry.” That gave April the seventh highest monthly issuance level on record, according to New View Advisors, which bases their analysis on a combination of publically available Ginnie Mae data and other private sources.New View reports that the $1.2 billion issuance for April included over $542 million in highly seasoned pools, coupled with more than $260 million in tail pool issuance. The New View report states, “The supply of highly seasoned, unsecuritized HECM loans is a rapidly melting iceberg, but it’s a big iceberg. Fannie Mae still has about $25 billion in HECMs on its books, years after ceasing its HECM loan purchases.”However, New View reports that the lower principal limit factors (PLF) for that were implemented for HECMs this fiscal year continue to drive down HMBS volume. “The supply of recently originated unsecuritized HECMs originated at the old PLFs is essentially exhausted,” states the report, “allowing the full effect of the new PLFs to hit hard. Higher interest rates will not help either, as they generally require lower PLFs.”The production of new original loan pools totaled $401 million in April, continuing the downward trend. For perspective, original loan pool production for March was $419 million. The months preceding March totaled $604 million (February), $657 million (January), and $747 million (December 2017). Total HMBS issuance for March was $626 million, the lowest monthly level since September 2014.April HMBS issuance was divided between 63 original pools and 57 tail pools.New View explains, “Original pools are those HMBS pools backed by first participations in previously uncertificated HECM loans. Tail HMBS issuances are HMBS pools consisting of subsequent participations. Tails are not from new loans, but they do represent new amounts lent. As we noted last month, tail HMBS issuance can generate profits for years, helping HMBS issuers in challenging periods like the long winter of discontent ahead.”The FHA’s Home Equity Conversion Mortgage reverse mortgage program allows homeowners to withdraw some of the equity in their home. These HECM loans can also be pooled into HECM mortgage-backed securities within the Ginnie Mae II MBS program. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago HECMs HMBS home equity conversion mortgage-backed securities Home Equity Conversion Mortgages Reverse Mortgages 2018-05-02 David Wharton Previous: Fed Weighs in on Interest Rates, Inflation Next: Affordability Issues Not Sparing Current Homeowners David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Demand Propels Home Prices Upward 2 days ago Subscribe
(C) RIVERBOAT – COMMISSIONERS Red denotes Personnel and Finance meetingBlue denotes County Council meeting APPROPRIATION ORDINANCE:(A) LOIT SPECIAL DISTRIBUTION(B) CONVENTION CENTER OPERATINGREPEAL: (A)TRANSFERS: (A) SHERIFF(B) JAILOLD BUSINESS: (A)NEW BUSINESS: (E) HIGHWAY1. Request to fill the vacancy for Secretary(F) PROSECUTOR – VICTIM-WITNESS ASSISTANCE 1. Request to fill a vacancy for Victim Advocate (A) PERSONNEL ADMINISTRATION COMMITTEE: 1. REQUEST REFERRAL TO BKDa. SUPERIOR COURT – IDOC/BUSINESS DIRECTOR(B) CLERK/Request to increase Early Voting & Election Day poll worker pay(C) RESOLUTION/Amending Resolution related to certain Redevelopment District Tax Increment Revenue Bonds & Related Matters12. AMENDMENTS TO SALARY ORDINANCE: AGENDA Of The VANDERBURGH COUNTY COUNCILon April 3, 2019, 3:30 P.M. in ROOM 301OPENING OF MEETINGATTENDANCE ROLL CALLPLEDGE OF ALLEGIANCEINVOCATIONAPPROVAL OF MINUTES:(A) Personnel & Finance February 27, 2019 (B) County Council March 6, 2019PERSONNEL REQUESTS:(A) SUPERIOR COURT / DADS1. Request to fill the vacancy for Administrative Assistant/Office Manager(B) SHERIFF1. Request to change Court Screener to Deputy Sheriff and fill vacancy 2. Request to fill the vacancy for Deputy Sheriff(C) HEALTH DEPARTMENTRequest to fill the vacancy for Administrative AideRequest to fill the vacancy for Part-time Administrative Aide (A) SHERIFF (2)(B) JAIL(C) DADS(D) HEALTH DEPARTMENT (2) (D) HEALTH DEPARTMENT – WICRequest to fill the vacancy for Health Educator/WICRequest to fill the vacancy for Registered Dietician/Registered Nurse (E) HIGHWAY(F) HEALTH DEPARTMENT – WIC (2)(G) PROSECUTOR – VICTIM-WITNESS ASSISTANCE (C) AUDITOR/COIT(D) COMMISSIONERS/COIT PERSONNEL AND FINANCE MEETING MARCH 27, 20193:30 P.M.ROOM 301 FacebookTwitterCopy LinkEmail PUBLIC COMMENTREMINDER NEXT MEETING DATE/TIME: April 24, 2019 @ 3:30 p.m.ADJOURNMENT
BINGHAMTON (WBNG) — For the month of October, Equinox Broadcasting and GHS Federal Credit Union have partnered up to support Breast Cancer Awareness month by ‘shredding the love.” Organizers say shredding was free but encouraged people to donate in order to support efforts to raise money for breast cancer research. Organizers add that people have been very generous with donations, which they say they are grateful for. The ‘Shred the Love’ event gave people a chance to shred documents and materials all while supporting a good cause. While today was the last day of the month, lines to shred materials were still down the block.
Louis J. Auel, of Sunman, was born on February 16, 1931 in Cincinnati, Ohio. He was a veteran of the armed forces, and served his country in the Army and Air Force. Louis married Linda McCann on June 14, 2003 at St. Nicholas Church in Sunman. He retired from GE in Evendale, Ohio, where he had been a model maker. Louis was a member of the Knights of Columbus in Cincinnati, the VFW in Milan, Kenneth L. Diver Post #337 Sunman American Legion, and St. Nicholas Catholic Church. He enjoyed making candy and spending time with his family. On Friday, January 22, 2016, at the age of 84, Louis passed away at his residence.Those surviving who will cherish Louis’ memory include his wife Linda; son, Randall (Kim) Auel of Milford, OH, daughter-in-law, Jean Auel of Sunman; 5 grandchildren; 5 great, grandchildren; brother, Jim Auel of Cincinnati, and twin sisters, Joan Hostetler and Jean Caseltine, both of Moores Hill. Besides his parents, he was preceded in death by his first wife, Laura Auel; son, Thomas J. Auel; a sister, and 2 brothers.Friends may visit with the family on Wednesday, January 27, 2016 from 10:00 am to 12:00 noon at Cook Rosenberger Funeral Home, 107 Vine Street, Sunman. Rev. Sean Danda will officiate the Mass of Christian burial at 12:30 p.m. at St. Nicholas Catholic Church. Military honors, provided by the Kenneth L. Diver Post #337 Sunman American Legion, will follow. Burial will be at the convenience of the family in St. Joseph Cemetery, Cincinnati, Ohio.Memorial contributions may be directed to St. Nicholas Church, or St. Jude Children’s Hospital. To sign the online guestbook or to leave a personal condolence, please visit www.cookrosenberger.com. Cook Rosenberger Funeral Home and its staff are honored to care for the family of Louis J. Auel.
North Decatur JV lost to Greensburg in 3 sets 21-25, 25-20, 15-7.Anna Burkhart had 26 digs. Kalyn Muckerheide had 10 digs and 6 assists. Brittany Krieger added 8 digs, 4 kills and 4 aces. Jenna Geis added 4 kills.North Decatur Varsity lost to Greensburg in 4 sets 25-16, 20-25, 25-16, 25-16.Kara Muckerheide set 105/111 with 28 assists. Erika Kramer totaled 15 kills and 4 blocks. Olivia Bohman totaled 6 kills and 4 blocks. Maddy Day 10 kills and 11 digs. Erica Gauck 17 digs.‘All in all the girls played well but once again, we need to minimize unforced errors. We always seem to battle back when we are down but in rally scoring, it’s hard to come back when you are down 4-5 points. We need to focus on keeping momentum and starting off strong.’ Chargers Coach Ashley Gauck.
“The community of Nelson has long since valued sport and recreation as part of their life style, so it’s a great opportunity to build upon that”.Participants will be able to try various sports, find information at sport booths and partake in fun old fashioned sport day games if they choose. Ribbons and giveaways for all participants. It’s a pleasure for the Sport council to host this event as it is always our intention to support, promote and strengthen community sport in any we can to further develop active and healthy living within the community.About Sports Day in Canada Sports Day in Canada, on Saturday, September 29, 2012, is a national celebration of sport, from grassroots to high-performance levels, in communities across Canada.Sports Day in Canada caps off a week of more than a thousand local events and activities, such as community-wide festivals, try-it days, open houses, games, competitions, meet-and-greets, tournaments, fun runs, spectator events and pep rallies, and includes a special television broadcast on CBC Sports.Sports Day in Canada is presented by CBC Sports, ParticipACTION and True Sport, working with national sporting organizations and their networks of coaches, athletes and enthusiasts across the country.Sports Day in Canada is generously supported by Sport Canada, Subway Restaurant, New Balance Canada and B.C.’s Ministry of Health.For more information about Sports Day in Canada, please visit: www.cbcsports.ca/sportsday To mark this year’s Sports Day in Canada, a national celebration of sport, from grassroots to high‐performance levels, Nelson Regional Sports Council is hosting the Get Out Get Active (GOGA) and Try It day on September 29th 1 to 4 p.m. at Lakeside Soccer fields. “Sport can be a powerful and positive influence in our communities,” said Kelly Murumets, President and CEO of ParticipACTION, the national voice of physical activity and sport participation in Canada.“Sports Day in Canada is a great opportunity for families and kids of all ages to celebrate their favourite sport or try their hand at something new – it’s all part of finding fun, easy ways to live a healthier, more active lifestyle.” Sports Day in Canada, on September 29, demonstrates that sport has the power to build community, fortify national spirit and promote healthy, active living. “When sport is focused on fairness, excellence, inclusion and fun, it can reduce crime, stimulate the economy and teach important life lessons,” says Karri Dawson, Director of True Sport Operations. The official day caps off a week of more than a thousand local events, and includes a special television broadcast on CBC Sports.Sports Day in Canada is presented by CBC Sports, ParticipACTION and True Sport, working with national sporting organizations and their networks of coaches, athletes and enthusiasts across the country. Sports Day in Canada is a great way for the community to be active together for a day. Sport groups get to share their sport and participants get to try something new,” explains Kim Palfenier, Executive Director, Nelson Sports Council.
The cell has many helper enzymes that can repair DNA damage. One such enzyme, named MutY, has been described in the Feb. 12 issue of Nature.1 Reviewer Tomas Lindahl sets the stage: “Damaged DNA must be removed with the utmost precision, as mistakes are costly. The structure of a repair enzyme bound to its substrate provides a welcome clue to how this is achieved.” This particular enzyme is able to recognize its particular error target, an adenine incorrectly paired to an oxidized guanine, because of “extensive and precise contacts” it makes with that specific erroneous pair. These contacts prevent it from mistakenly removing a correct pair. In a paper in the same issue, Fromme et al.2 describe “an ingenious way by which this specificity is achieved” through these multiple, precise contacts. Lindahl describes how this enzyme works. Details of the jargon are not essential for appreciating the precision of this molecular machine’s lifesaving activity:MutY belongs to a group of enzymes known as DNA glycosylases, which recognize altered bases in DNA and help to remove them. Like other DNA glycosylases, it generates a sharp bend in the DNA at the site of the mismatch. The new structural data provide a suitable explanation for why – as is desired – MutY doesn’t recognize and remove an adenine opposite its normal base partner, thymine (T): the extensive and precise contacts between MutY and an A•xoG pair are entirely absent in a normal AT pair. Similarly, the enzyme’s active site does not accommodate a cytosine opposite an oxoG; for coding reasons, it is important that the oxidized base rather than the normal base is repaired in this partnership.Lindahl notes that mutations in this enzyme put humans at risk of colorectal cancer. Other oxygen-altered bases, if not repaired, are implicated in tissue degeneration and ageing.1Tomas Lindahl, “Molecular Biology: Ensuring error-free DNA repair,” Nature 427, 598 (12 February 2004); doi:10.1038/427598a.2Fromme et al., Nature Feb 12, 2004, p. 652.How does a blind molecule do this? Notice how specific the contacts are: some parts first allow the enzyme to contact the specific error-bound pair, and if and only if a match is found, other parts of this machine are designed to bend the DNA strand so that the bad base can be cut out. (He didn’t go into this, but other machines are on hand to ferry in and insert the correct base.) All these extensive and precise contacts exist because another section of DNA that codes for this enzyme contains bases that are also extensive and precise. This underscores the principle that enzymes, to work, are not indiscriminately mutatable. They have to be precise to work. It also underscores the evolutionary conundrum that DNA needs repair enzymes to prevent catastrophic errors, but the repair enzymes themselves are coded by DNA. How could a DNA strand without the error-correction mechanisms survive beyond a few copies? Evolutionists know that accurate copying is essential to prevent “error catastrophe” yet they expect us to believe that these marvelous high-precision error-correction systems (and there are many, many parts of the DNA Damage Repair team), somehow came into being via accidents. Give me a break. (On second thought, don’t–broken DNA is deadly.) Not surprising that there is no mention at all of evolution in this article. For more on the wonder of enzymes and their precision, see our online book, Evolution: Possible or Impossible? Though written years ago, the book’s thesis that chance is utterly incapable of producing such incredible precision of function is only amplified by discoveries like this.(Visited 18 times, 1 visits today)FacebookTwitterPinterestSave分享0
10 July 2013 The Mandela Day container library project, an innovative response to the shortage of libaries at South African schools, will celebrate Nelson Mandela month with the handover of its 28th library – a custom-adapted 12-metre shipping container – to Alpine Primary School in Mitchells Plain, Cape Town. The 28th Mandela Day container library went on public display at Cape Town’s V&A Waterfront at an event marking the launch of Mandela month on 1 July, and will remain on display through 18 July, Mandela’s 95th birthday as well as Nelson Mandela International Day. Marked across the world on 18 July each year, Mandela Day aims to inspire people to take action to change the world for the better and, in doing so, to build a global movement for good. “The public is invited to view the library, get involved in activities within and around the library, such as writing their messages of hope on the 67 minutes wall of hope, painting the external wall of the container, reading to school learners and donating books,” Puleng Phooko, programmes manager for Breadline Africa, said at launch event at the V&A Waterfront’s Clock Tower square. Breadline Africa is one of a number of NGOs and corporates that have partnered with the Nelson Mandela Centre of Memory to drive the container library project, with corporates providing financial support, sponsorship of books and employee volunteers, and literacy organisations, book donation agencies and publishers providing books, educational equipment and materials. “The installation of Mandela Day libraries continues to spread the Mandela Day message about people’s capacity, when working together, to bring about positive change,” the Nelson Mandela Centre of Memory says on its website. “The libraries promote a reading culture and address the call for equal access to resources for education.” According to Phooko, the project, inspired by Mandela’s own love of reading and belief in the transformative power of education, can only be successful through the joint efforts of partners willing to make positive changes in children’s lives. The first Mandela Day container library was opened on 18 July 2011 at Tsakane Primary School on the East Rand in Gauteng province, and since then a further 26 have opened, covering deserving underprivileged schools in urban and rural areas countrywide and collectively touching the lives of over 20 000 pupils. Alpine Primary School in Mitchells Plain, which will receive the 28th library later this month, currently has no library for its 1 370 pupils. To ensure the sustainability of the project, the Nelson Mandela Centre of Memory, with support from LegalWise, Macmillan South Africa and other partners, hosted librarian training sessions in Johannesburg and Cape Town in October for teachers who run the libraries in recipient schools. Last month, the centre hosted a networking event bringing together “the companies that sponsor libraries, publishers and booksellers, architects and engineers who help design the libraries, and non-profit organisations that make the libraries a functional reality for learners and educators”. Tim Smith, director of Breadline Africa, appealed to corporates in South Africa and abroad to get involved in taking the project forward. Also speaking at the event, Kimberly van Dyk, CSI manager at JPMorgan Chase Bank, spoke of the bank’s sponsorship of a library, saying it was well received by people working at the bank, especially at its New York headquarters. Florina Tshikane, principal of Meadowlands Primary School in Soweto, spoke of the her pupils’ excitement about their container library, which opened in August. “They are so enthusiastic about the library,” she said. “They rush to library during break time.” SAinfo reporter
AIIM Europe has announced the results of their survey of corporate capabilities relative to records management and data archival for companies in the UK. Rather than making progress, the report shows that companies are actually falling behind.The report found that 56 percent of the respondents in the UK have little or no confidence that their emails of significant importance were being archived so as to be complete and recoverable. Almost 40 percent of the organizations have no formal process in place for email archival, leaving that responsibility on the shoulders of individual employees. Of those organizations with a process in place, 37 percent report that archival is performed strictly by IT staff with no involvement from records or legal departments.Despite the flood of bad publicity resulting from companies unable to adequately comply with legal requests for email records, many companies still have not implemented archival programs and are unsure of how to handle emails as records. 44 percent of those surveyed were not confident that their electronic information is accurate, accessible and trustworthy. That number is actually worse than the results from the 2005 survey.The numbers are scary. Document Management systems with specialized email archival capabilities have been available for years, but the process of educating companies best practices has been lagging.
Light-emitting diodes (LEDs) have been more expensive than compact fluorescent lamps, but the gap is narrowing and the cost of these two types of lights should be comparable in roughly a decade, according to the U.S. Energy Information Administration’s annual energy predictions.At the same time, the efficacy of LEDs — the amount of light in lumens per watt of electricity — will continue to go up, more than tripling by 2020 as the efficacy of CFLs remains about the same.Incandescent bulbs that meet new federal energy standards will be cheapest option on the market until new standards taking effect in 2020 eliminate them entirely, the EIA said. In the meantime, incandescents will continue to have the lowest efficacy of the three.A typical 60-watt incandescent light bulb produces about 16 lumens per watt and lasts an average of 1,000 hours. Halogen incandescents produce about 20 lumens per watt. An equivalent CFL produces about 67 lumens per watt, the EIA said, and lasts 10 times longer. LEDs currently produce about 83 lumens per watt and last about 30,000 hours.The full report, the EIA’s Annual Energy Outlook 2014, will be released in stages during the month of April. The final parts of the report will be out by the end of the month.