The scene of this morning’s truck accident that blocked traffic on the N3 at Van Reenen has been cleared.Traffic is moving as normal after a contraflow system was in place for a short period of time.No one was injured in the accident. WebsiteWebsiteWebsite WebsiteWebsiteWebsite WebsiteWebsiteWebsite
The mother of a 14-year-old boy from Ladysmith who was bullied at Voortrekker Hoërskool in Pietermaritzburg refuses to allow her son to go back to the school after a police investigating officer and officials from the Department of Education tried to convince her to take her son back to the school.Weekend newspapers ran the shocking story about her son’s ordeal at the hands of prefects and other school bullies at the high school.Her son had endured months of alleged hazing, brutal torture and humiliation.On Monday, June 2 (today), the mother went to Pietermaritzburg to open a case against the prefect who burnt her son with a steam iron at the school. After a meeting with police, she spoke to the Head of Department, Mr Duma, and the investigating officer, Mr Bouwer, and they tried to convince her that her son would not be bullied ever again.She, however, refused any offers of a safe return to the school.“My son is very happy back home and is already attending another school,” says the mother. The boy’s concerned mother went public with torture allegations against the school after her son had endured three months of abuse. He was also made to take part in organized fighting, where prefects would force the young boys to fight among themselves.He had to endure every form of humiliation possible at the hands of prefects at the school. The teenager told the Ladysmith Gazette how he was forced to fight his best friend because the prefects thought it was a joke. If they refused to fight, they were beaten by the prefects.Both the victim’s parents were horrified at how their son was treated at the school.“He had third-degree burns which went untreated for two weeks, despite a teacher at the school being made aware of the injuries,” added the mother.The teenager was bullied at school during bizarre initiation rituals conducted by prefects, and staff in charge of the boarding establishment appeared to have turned a blind eye to the boy’s plight. Civic and children’s rights groups have since called for action against those who victimised the boy.The headmaster of the school initially told the mother that he would investigate the matter internally. This was, however, rejected by his parents, who went public with their torture claims.The child’s name is known to the Ladysmith Gazette, as well as his new school. In keeping with current editorial policy, we have decided not to name the teenager, as he is a minor.Update: Because of the nature of the charges now made public the mother’s name has been removed from the original story. WebsiteWebsiteWebsite WebsiteWebsiteWebsite WebsiteWebsiteWebsite
WebsiteWebsiteWebsite WebsiteWebsiteWebsite WebsiteWebsiteWebsite International Museum Day was celebrated across the world on May 18.Young and old got together at the local Siege Museum to observe this worldwide event. Also present were Deputy Mayor Sindi Mfusi andCouncil Speaker Zehra Rassool. People seated themselves in front of the museum, as songs and dance items were performed for those in attendance.Afterwards, people were allowed into the museum for a tour to learn about the history of Ladysmith. The tour was free of charge for everyone. Emnambithi/Ladysmith Municipality – in conjunction with Museums, Arts, Culture and Tourism – will now run an annual ‘Free Passport To Museums’ programme (namely Siege Museum and Emnambithi Cultural Centre). This programme forms part of the outreach projects our local museums have, with the vision of making museums more easily accessible and a centre of learning to pupils and the community at large.The programme will run from June 17 to August 29. If you would like to book a visit to the museum, call 036-637-2992, contact Mr Luke Makhubo on 072-236-3200, or e-mail firstname.lastname@example.org
Family members and emergency workers gathered around as ER24 and AeroCare moved him from an ambulance to a small airplane. The flight was estimated to take roughly an hour and a half.The boy’s uncle was on scene and has confirmed the ages of the deceased, but wishes to keep their identities private at this stage. The mother was 36, the stepfather was 46 and the little boy was nine (it would’ve been his 10th birthday at the end of this month). The family were on their way to Shelly Beach for a holiday when the accident happened.The family would like to thank Angels in Motion, ER24 and AreoCare for all their help and kindness. The surviving child from the fatal car crash that took place along Van Reenen’s Pass this morning has been airlifted to a hospital in Pretoria.The surviving boy is 12 years old and was in a stable condition when he was airlifted by plane this evening. He spent the day in hospital after being the only family member to survive a horror crash between an Isuzu double-cab bakkie and a truck. For the story, click HERE WebsiteWebsiteWebsite WebsiteWebsiteWebsite WebsiteWebsiteWebsite
WebsiteWebsiteWebsite WebsiteWebsiteWebsite WebsiteWebsiteWebsite An accident along the N3 highway yesterday afternoon (Wednesday) saw a car flipping upside down and landing in the oncoming lanes.An elderly woman and son were travelling in the northbound lanes when she allegedly lost control of the vehicle. The car went off the road, flipped upside down and landed next to the southbound lanes. ER24 rushed to the scene, where they stabilised the injured before transporting them to hospital. The elderly woman sustained moderate injuries and her son slight injuries.
OTM Mumbai is a fascinating platform allowing lot of inbound and outbound tour operators to join. OTM gives us an opportunity to meet the people directly working in the local DMC and local tour operators in our own country. OTM is that kind of platform that allows global reach and allows putting a name to the face.
Slovenia considers the Asia-Pacific region to be extremely important for its tourism industry, since the region accounted for over 10% of all foreign guest arrivals in 2014.Recently, the Slovenian Tourist Board joined the Pacific Asia Travel Association (PATA) as the National Tourism Organisation (NTO) member. The Slovenian Tourist Board, the tourism division under the SPIRIT Slovenia, Public Agency of the Republic of Slovenia for the Promotion of Entrepreneurship, Innovation, Development, Investment and Tourism, is charged with the development, marketing and promotion of the sale of the Slovenian tourist offer to European and overseas markets through cooperation and partnership with the industry and other stakeholders.Karmen Novarlic, MSc, Head of the Tourism Division, SPIRIT Slovenia said, “Slovenia is enhancing its involvement in international organisations specialised in the field of tourism, and thus reinforcing and building its reputation and the position of Slovenian tourism in professional institutions and associations. The Asia-Pacific region is already an exceptionally important market for the Slovenian tourism industry, accounting for over 10% of all foreign guest arrivals in 2014.”Earlier this year, President Pranab Mukherjee while extending his greetings on Slovenia’s National Day had expressed his belief that deeper Indo-Slovenia ties would be beneficial for both nations. He had said, “Such exchanges have invigorated our cooperation in several fields, including those of science and technology, education, trade and commerce and culture. I am confident that these ties will continue to deepen and diversify further to the mutual benefit of our two peoples.”The Indian Government seemed to reflect the words of the President when the tourism department included Slovenia in the list of countries whose citizens were eligible for e-visas.
Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2013-01-03 Abby Gregory January 3, 2013 416 Views in Data, Government, Origination, Secondary Market, Servicing, Technology Northstar to Enhance Mortgage Operations Via Goldome Acquisition “”Northstar Bank of Texas””:https://www.nstarbank.com/ has announced the closure of a deal that gives the company a controlling interest in “”Goldome Financial, Inc.””:http://www.goldomellc.com/ Through the acquisition, Northstar, a member of “”Carlile Bancshares, Inc.””:http://carlilebancshares.com/, is set to expand its treasury management product line and mortgage division. [IMAGE]Based in Flower Mound, Texas, Goldome specializes in providing warehouse lines of credit to the lending industry, funding mortgage loan transactions in various regions around the country. [COLUMN_BREAK]Goldome’s current manager, Pamela Robinson, will continue to lead the company’s operations as per the terms of the agreement with Northstar.In an official statement regarding the acquisition, Northstar stated that both companies are moving “”forward with this new ownership structure on the firm belief that the additional ownership expertise and resources being brought to bear in Goldome’s operating platform will provide expanded funding capability and enhanced service levels for the customers of Goldome.””Concluding the company’s commentary, Northstar noted, “”The principals of Northstar, Carlile, and Goldome look forward to this new chapter in the evolution of Goldome and the furtherance of existing customer relationships and the establishment of new ones.””Directed by Tom C. Nichols, chairman, and Tony Clark, president and CEO, Northstar has assets over $1 billion. The company is the largest community bank in Denton County, Texas, and is considered one of the largest in the Dallas/Fort Worth metropolitan area. Share
Commentary: Same Old, Same Old in Government September 27, 2013 424 Views The summer is over and with it the end of re-runs of (some of) our favorite shows. There might even be some original movies instead of sequels and prequels.Still, there├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós one more re-run we have to endure, but with a new twist: Republicans in Congress balking at increasing the debt ceiling and threatening a government shutdown when the federal fiscal year ends October 1–unless (and this is the twist) legislation passed by the Congress and signed into law by the President is tweaked, modified, changed, delayed, or otherwise abandoned.[IMAGE]Most notably, Republicans want the Patient Protection and Affordable Care Act (PPACA)–whose name has been corrupted to “”Obamacare””–defunded, delayed, or dismantled. Never mind that House Republicans have voted at least 37 times to repeal it, to no avail.Now, the PPACA is by no means perfect. Indeed, it has a good many shortcomings, but the underlying premise is sound: to extend health insurance to as many as 25 million Americans who now don’t have or can’t afford coverage.PPACA has at times been described as health care reform. Would that that were so. The only way it “”reforms”” health care is by making it possible for more people to see doctors early in an illness, when treatments can be most effective. It reduces the likelihood that you will get sick when the person next to you on a bus sneezes, essentially by eliminating the sneeze.When New York City mayor Michael Bloomberg pushed for an outright ban on smoking in restaurants (previously smoking was permitted in designated sections of restaurants and at bars), he did it not so much to try to discourage patrons from smoking as to protect the wait staff that would be inhaling secondhand smoke throughout their shifts. And so it is with the PPACA: trying to remove or reduce the impediment of a doctor’s fee that might prevent someone from seeking treatment. Why the rush to scuttle the PPACA before all of its provisions kick in? Republicans and other opponents understand the history. Once Americans experience and appreciate the advantage of being able to obtain affordable medical insurance–regardless of their health history–and of being able to cover their children until they turn 26, they would be reluctant to turn back the clock. Recall the protest signs reading: “”Take Your Government Hands Off My Medicare.”” You can’t put the toothpaste back in the tube.Here are a few more bits of history: The Social Security Act was signed by President Franklin Roosevelt on August 14, 1935. Taxes were collected for the first time in January 1937, conveniently after the 1936 presidential election, [COLUMN_BREAK]and the first one-time, lump-sum payments were made in January 1937. Regular ongoing monthly benefits started in January 1940, another presidential election year.Between the time the bill was signed and the first payments, FDR ran for re-election against Alf Landon, who campaigned on a platform to repeal Social Security. FDR received 60.8 percent of the popular vote and 523 electoral votes–all but 8 of the 531 electors. In 1964, Lyndon Johnson received 61.05 percent of the popular vote running on a platform to establish Medicare, which he signed into law just five months after his inauguration. One year after he backed a proposal requiring employers to provide a minimum level of health insurance for their workers, Richard Nixon came close to FDR’s electoral vote total, winning re-election with 520 electoral votes. Ronald Reagan, after winning re-election with 525 electoral votes, signed in 1988 a major expansion of Medicare that was designed to protect older Americans from financial ruin due to illness or disability. (Because the expansion, the Medicare Catastrophic Coverage Act, was funded by a surcharge on wealthier seniors, it was repealed a year later after a series of protests across the country.)Despite the repeal of the MCCA, the overall lesson is clear: Benefits, once granted, are politically difficult (if not impossible) to withdraw.But the threat the GOP is using is equally if not more unpalatable–and unrealistic. The president is not about to undermine his own signature legislative achievement, so installing it as a demand in the delicate arguments over funding the government or increasing the debt ceiling is and has to be a non-starter.While in the second quarter, the impact of budget cuts under sequester appears to have been a non-event as the economy grew more than twice as fast as the previous pre-sequester quarter, that result cannot be sustained. Virtually every aspect of life will be affected if the government shuts down entirely: Veterans will go untreated at VA hospitals, which have only recently begun to right a foundering ship; food and drug inspections will end abruptly, as will monitoring of air and water quality, and even a relaxing visit to a national park will be impossible.The debate over the PPACA has a direct impact on the housing industry by removing or at least mitigating one of the factors often cited for mortgage defaults: unexpected medical bills.Beyond that, the necessary borrowing–to pay for items already purchased–will be impossible. Think of refusing to pay your credit bill and then trying to use it.To be sure, achieving legislation in contentious Washington requires compromise. However, putting the fiscal future of the country at risk for an unachievable goal is not compromise. It is folly._Hear Mark Lieberman next Friday on P.O.T.U.S. radio, Sirius-XM 124, at 6:20 a.m. Eastern and follow him on Twitter at @foxeconomics._*_Want to write an opinion piece for publication on our site? Send your submission to_* “”MReportEditor@TheMReport.com.””:mailto:MReportEditor@TheMReport.com Agents & Brokers Attorneys & Title Companies Barack Obama Confidence Consumer spending Investors Lenders & Servicers Mark Lieberman Service Providers 2013-09-27 Mark Lieberman Share
Valuation Vision, Zaio Partner in New Product Launch Share Appraisals AXIS Appraisal Management Company News Valuation Vision Zaio 2014-04-22 Tory Barringer in Headlines, News, Technology April 22, 2014 491 Views In California, Valuation Vision (V2) announced its valuation management platform has been selected as the technology of choice for appraisal firm Zaio’s newly launched GEAR AP product.Short for GeoScore Evaluation/Appraisal Report, GEAR AP is designed as a fully compliant appraisal report fueled by multi-source data, rules-driven validation, and appraiser-derived analytics, representing an alternative solution in valuation products.V2 CEO Shane Copeland says the new suite of products is a “natural progression for V2 and our collaborative approach to valuation.”“It is and has always been our goal to design, build and produce valuation products that lead the industry forward,” Copeland said. “GEAR is a great example of blending elegant design, excellent client and vendor experience with an end value that is very well supported.”According to a company release, GEAR is just the first in a series of products designed and developed jointly by Zaio, V2, and AXIS Appraisal Management as they partner to offer clients a wider range of valuation solutions.
Ranking: Best and Worst Presidents by Homeownership Rate May 8, 2015 513 Views in Daily Dose, Data, Featured, Government, News Federal Housing Administration President Homeownership Rate ValueWalk 2015-05-08 Staff Writer There are many metrics by which to judge the current administration against those of the past. This week, ValueWalk ranked the ‘best’ and ‘worst’ presidents as judged by their homeownership rates.Making ValueWalk’s ‘best’ list were Presidents Clinton, Johnson (Lydon), and Carter who saw homeownership expand during their presidencies by 5.1 percent, just over 1.1 percent, and just under 1.1. percent, respectively.ValueWalk ranks President Obama as one of the worst presidents when it comes to homeownership numbers, followed by President Regan. ValueWalk notes that both presidents inherited their homeownership woes from the previous administrations, but weren’t able to turn the numbers around in their own terms. During the current Obama administration homeownership has dipped by 5.3 percent, while Regan saw a decline of 2.7 percent.At the beginning of the year, the Obama administration announced they were reducing FHA mortgage insurance premiums by 0.5 percentage points to make mortgages more accessible to credit worthy families. In a fact sheet detailing the move, the Office of the Press Secretary addressed many of the challenges the president has faced in regards to the housing market since he took office. “When President Obama took office, our housing market was in free-fall, and rising unemployment and plunging house prices posed numerous challenges for families and the broader economy. The President took immediate action to stabilize the housing market and protect the middle class. These steps helped millions of middle class families stay in their homes, save money on their mortgages, and turn their communities around,” the fact sheet stated.In addition to lowering FHA mortgage insurance premiums; the fact sheet also highlighted other initiatives by the Administration to improve homeownership, such as building on successful federal mortgage assistance programs, which the fact sheet cited as having helped more than 8 million borrowers. Share
The U.S. may be following through on a promise made a few months ago to target individual executives from the Royal Bank of Scotland (RBS) and JPMorgan Chase for their alleged criminal role in financial crisis.In September, the Department of Justice (DOJ) issued a memo to all U.S. state attorneys general stating that it will pursue the prosecution of individuals whose actions brought on the Great Recession of seven years ago.Deputy attorney general Sally Q. Yates stated in the memo that, “One of the most effective ways to combat corporate misconduct is by seeking accountability from the individuals who perpetuated the wrongdoing. Such accountability is important for several reasons: it deters future illegal activity, it incentivizes changes in corporate behavior, it ensures that the proper parties are held responsible for their actions, and it promotes the public’s confidence in our justice system.”The DOJ is reportedly standing by their word and pursuing criminal cases against executives at these two banking institutions for allegedly selling flawed mortgage securities after being warned by associates of their wrongdoings.The Wall Street Journal (WSJ) reported Tuesday that government officials are placing the case that bankers “ignored warnings from associates that they were packaging too many shaky mortgages into investment offerings and are weighing whether they can prove that constituted fraud,” the WSJ noted that people familiar with the criminal probe said.The Wall Street Journal reported:”At RBS, prosecutors are scrutinizing a $2.2 billion deal that repackaged home mortgages into bonds in 2007, the people said. In a 2013 civil settlement with RBS, the Securities and Exchange Commission described the lead banker on that deal, whom it didn’t name, as trying to push it through over concerns of the diligence department.””At JPMorgan, prosecutors are focusing on two people who worked on a different residential-mortgage deal, the people said.””The RBS and JPMorgan probes are the most concrete criminal investigations currently active under the effort.””Some Justice Department officials said they believe they have a viable criminal case in the RBS probe, although a decision on whether to bring charges isn’t expected until early next year, the people said.”Chris J. Turner, head of media relations at RBS, declined to comment on the matter.JPMorgan’s Andrew S. Gray also declined to comment beyond their 10Q filing, which revealed the existence of a criminal investigation.Rebecca Mairone, former COO of one of Bank of America’s Countrywide lending divisions, has been the only person to date that was charged with civil fraud for high-risk mortgages originated by Countrywide through a program known as Hustle and then sold off to Fannie Mae and Freddie Mac. Bank of America was also found liable on one charge of fraud in the civil case.Since the crisis, the Department has settled with several large banks, including JPMorgan Chase (a then-record $13 billion in November 2013), Citi ($7 billion in July 2014), and Bank of America (a record $16.65 billion in August 2014) for selling toxic-mortgage backed securities to investors in the run-up to the crisis.”Once again, the Obama Administration is proving that it is more interested in re-litigating issues related to the near decade old financial crisis versus pursuing programs that reduce urban blight and educate future homebuyers,” Five Star Institute President & CEO Ed Delgado said. “This move reeks of politically driven scapegoating, geared more towards feigning toughness on the banking industry than the pursuit of justice.”Delgado continued, “Despite hundreds of billions paid in fines and penalties, the threats to our industry now turn personal. The Administration has moved on from threatening large, faceless organizations to launching personal attacks. No other industry in the history of our great nation has sustained this level of relentless persecution.”Click here to view the full article from the Wall Street Journal. DOJ May Target RBS, JPMorgan Executives for Criminal Roles in Financial Crisis Share November 17, 2015 701 Views Department of Justice Financial Crisis JPMorgan Chase Royal Bank Scotland 2015-11-17 Staff Writer in Featured, Government, Headlines, News
Walter Investment Management Corp., on Tuesday continued a trend observed among many non-bank servicers in the last year and the start of this year with a major loss to its first quarter earnings, particularly in its mortgage servicing and origination segments.Just last week, Ocwen Financial reported a first quarter net loss of $111.2 million. Nationstar Mortgage’s earning are expected tomorrow.Walter Investment reported in its first quarter 2016 earnings statement that the servicing segment of the company added approximately $17.5 billion of UPB to the serviced book of business, bringing the quarterly total to approximately 2.2 million total accounts serviced with a UPB of approximately $255.3 billion.The company experienced a net disappearance rate of 13.0 percent as compared to 13.8 percent in the prior year quarter which was “aided by the retention performance of the originations segment,” Walter Investment said in the report.Servicing also endured negative revenue of -$63.3 million, down $207.0 million from the first quarter of 2015. The company said that this reflects “the impact of fair value charges to our mortgage servicing rights.”According to the earnings statement, total pull-through adjusted locked volume for the first quarter of $4.6 billion declined as compared to $6.9 billion in the first quarter of 2015, “primarily due to volume decreases in the correspondent lending channel resulting from an increase to return hurdles for acquired MSR and increased market competition,” Walter Investment reported.Funded loans in the current quarter totaled $5.0 billion, down 9.1 percent from the prior year quarter. Approximately 36 percent of that volume is in the consumer lending channel and approximately 64 percent is generated by the correspondent lending channel.The originations segment generated revenue of $100.3 million in the first quarter of 2016, a 23 percent decline as compared to the prior year quarter. This occurred mostly because of a $37.4 million decrease in net gains on sales of loans driven by a lower volume of locked loans during the current quarter as compared to the prior year quarter resulting from an increase in market competition within the correspondent lending channel and lower retention volumes as there was a slight market shift toward increased volumes of purchase money originations and away from refinancing volumes, the company said.A significant rate decline in the first quarter negatively impacted earnings for Walter Investment Management Corp., and as a result, the company took a net loss of $172.7 million during the three-month period, according to the company’s Q1 2016 financial results released Tuesday.The net loss represented a year-over-year decline of about $142 million in net income; in Q1 2015, Walter suffered a net loss of $31 million. Walter’s total serviced portfolio had $275.7 billion in unpaid principal balance (UPB) at the end of Q1 2016, an increase of 3 percent from the previous quarter, and the company was ranked nationally as a top 10 servicer, according to the announcement from Walter.The company’s total revenue in the first quarter declined by $244.1 million year-over-year down to $66.8 million, largely due to a $196.6 million decline in net servicing revenue and fees reflecting a $197.3 million change in fair value changes to mortgage servicing rights, according to Walter.“First quarter performance was significantly impacted by the challenging rate environment. The decline in rates drove a volatile MSR market and negatively impacted results through the revaluation of mortgage servicing rights and accelerated prepayments,” said Denmar J. Dixon, Walter Investment’s Vice Chairman of the Board, CEO, and President. “We are moving with a sense of urgency to improve upon both the customer experience and our operating performance, and we are in the early stages of a transformation of the company. We are working to significantly lower our cost structure while redesigning our processes and driving a culture of excellence at Walter that puts our home-owning customers first.”Dixon continued, “We are moving with a sense of urgency to improve upon both the customer experience and our operating performance, and we are in the early stages of a transformation of the company. We are working to significantly lower our cost structure while redesigning our processes and driving a culture of excellence at Walter that puts our home-owning customers first.” First Quarter Earnings Originations Servicing Walter Investment Management Corp. 2016-05-03 Staff Writer Bad News for Walter Investment’s Origination, Servicing Segments May 3, 2016 614 Views in Daily Dose, Featured, Origination, Servicing Share
It has been three days since Hurricane Harvey made landfall off the coast of Texas, and flooding continues to be a major concern for impacted residents. Houston, in particular, was especially ravaged rainfall, with the largest city receiving 25 inches of rain in just two days. According multiple news sources, another 25 inches is expected in the next few days as Harvey drifts out to the Gulf of Mexico before crossing over southeast Texas again.CoreLogic has been following this developing story and conducting its own research on the fallout as it pertains to housing. Monday morning the organization found that 52 percent of properties inside the Houston metro are at a high risk of flooding are not in Special Flood Hazard Areas (SFHA) as designated by Federal Emergency Management Agency, and thereby not required to have flood insurance for a federally insured mortgage.Houston-Sugarland-Baytown area has the largest number of properties outside of the SFHA. Out of 2,340,343 total properties in the area, 1,210,185 are at high and moderate risk of flooding, but sit outside the SFHA. There are only 268,928 properties inside of SFHA that are designated at extreme or very high risk and thereby required to have flood insurance.Corpus Christi, which was almost directly in Harvey’s path as it struck the coast Friday night, only had 35 percent of the properties (12,099 out of 34,330) in high or moderate risk of flooding sit outside the SFHA.The Austin-Round Rock-San Marcos metro only had the least amount of properties in high or moderate risk of flooding located outside the SFHA—127,073 out of 701,325 total properties, or 18 percent—but that area is only expected to receive one to three inches of rain through Wednesday, according to the Austin-American Statesman.Fannie Mae and Freddie Mac have both issued bulletins reminding borrowers affected by the disaster of special forbearance options available to help ease the burden.Due to the president announcing that multiple counties in southeast Texas are now disaster areas, the Department of Housing and Urban Development (HUD) will be able to offer additional mortgage and foreclosure relief to borrowers in these communities.“Today, our thoughts and prayers are with those who are beginning the process of recovering from Hurricane Harvey,” said HUD Secretary Dr. Ben Carson. “As FEMA begins to assess the damage and respond to the immediate needs of residents, HUD will be there to offer assistance and support the longer-term housing recovery efforts.”CoreLogic’s analysis, however, does not factor in storm surge or flash-flooding risk. You can read their full findings here. Flood Insurance Hurricane harvey 2017-08-28 Joey Pizzolato in Daily Dose, Foreclosure, Government, Headlines, News, Secondary Market August 28, 2017 635 Views Share Update: Hurricane Harvey and Flood Insurance
Citadel Servicing Corporation Company News 2018-03-11 David Wharton California-based non-prime wholesale residential lender Citadel Servicing Corporation (CSC) has announced a major update to their product platform. Effective immediately, CSC will begin offering a 5/1 Hybrid Adjustable Rate Mortgage (ARM) and 5/25 Interest Only (IO) term. This now allows borrowers to qualify on the IO program without as big of a recast, which normally would increase the DTI that is used to qualify.CSC has also introduced their easiest qualification program for full doc income to date by allowing a single year’s Returns or W-2 as documentation. This will allow brokers and borrowers to move faster through the process. The company has also expanded their 12-month bank statement program to 90 percent loan-to-value (LTV) with no mortgage insurance requirement. CSC has eliminated the need for 24 months of bank statements on the Maggi program, again adding speed and efficiency to the process. The lender fee on the Maggi (Alt-A) product has been decreased from $1,195 to $995. Furthermore, all rates on all products have been decreased by as much as .25 percent.“We believe the time is right for these product updates, and considering our last five years of loan performance, these changes warrant incorporation”, said Will Fisher, SVP of Sales and Marketing for CSC.Citadel Servicing Corporation, the first Lender to reenter the mortgage lending space formally known as subprime, and now renamed by CSC as “non-prime,” provides financing for both owner occupied and non-owner occupied residential properties. Established in 2004, Citadel Servicing Corporation provides an array of non-traditional financial lending products for borrowers with inconsistent past credit histories and allows for alternative sources of income documentation. CSC services all loans originated by its efforts and currently works with Mortgage Professionals exclusively via a wholesale or correspondent relationship. March 11, 2018 633 Views Citadel Rolls Out Program Enhancements for Non-Prime Credit Borrowers in Featured, Headlines, journal, News, Servicing Share
AL.com1. Can Mississippi State jump on Alabama early? Touchdowns scored in the first quarter in the game immediately following LSU under Nick Saban: zero, zero, zero, zero, zero, zero, and zero. All but one of those games was against Mississippi State, and the one that wasn’t may be the blueprint Dan Mullen’s Bulldogs need to follow. In 2012, Alabama returned to Tuscaloosa after an emotional comeback at LSU, and Texas A&M immediately took the Tide by storm, rolling up a 20-0 first quarter lead and hanging on for a 29-24 win.And while we’re at it, here’s a relevant statistic Mississippi State must reverse in hopes of winning: three, 10, seven, seven and seven. Those are the points – total – Mullen teams have scored in his five games against Alabama.1b. Similarly, can Arkansas sneak up on LSU? This is only the fourth time in Les Miles’ now 10 seasons in Baton Rouge that LSU has played an SEC game immediately after Alabama, and the Tigers didn’t score a touchdown in the first quarter of the previous three games, either. LSU will likely run it three or four times for every pass, just like Arkansas would like to do.There’s little doubt Arkansas has improved from its 2013 version, but they’re running out of chances to prove it. 2. Why is Miami only a three-point underdog to Florida State? Let’s answer a question with another question: is it the Hurricanes or the Seminoles that has won its past three games by an average of 44-20 while out-gaining opponents by an average of 523-314 and posting an 8-2 turnover advantage? That would be Miami. Which team has had to pull a rabbit out of its hat twice in its past three games, and turned the ball over eight times over that span (while forcing only six)? That’d be FSU.Miami ranks 16th nationally in turnovers forced at home, and Florida State ranks 105th nationally in turnovers lost on the road. And while we’re at it, Miami’s true freshman quarterback Brad Kaaya has posted a 172.7 quarterback rating since the beginning of October (9.9 yards per attempt with eight touchdowns against two picks), compared to Jameis Winston’s 144 rating (8.2 yards/attempt, 10 TDs, 7 INTs). Oh, and Miami has ripped off 275 rushing yards per game and 7.05 yards per carry over that span, compared to Florida State’s 134.8 yards per game and 4.11 per carry.That might have something to do with it.3. Can Bo Pelini take a step forward? The last time Pelini won a road game over a ranked team? A 17-14 defeat of No. 12 Penn State on Nov. 12, 2011, a pre-sanction, two-head-coaches-ago Penn State. Of course, Pelini hasn’t gotten many opportunities in the Big Ten, but that’s kind of the point. He’s got an opportunity to close an 11-1 regular season and win an imminently winnable Big Ten West, starting with Saturday’s trip to No. 20 Wisconsin. What’s he going to do with it?4. Who staves off the grim reaper, Auburn or Georgia? There are games with higher Playoff impact on the schedule, particularly the one across state lines to the west, but no other game has quite the morbid, knife-at-each-other’s-throat finality that Auburn at Georgia offers. The winner keeps whatever SEC and national championship hopes its allowed to have alive, while the loser faces the reality that 2014 is a sunken season. Combine that with a game that could easily end 38-35 with a combined 500 rushing yards and this one could have the highest entertainment value of the weekend.5. Can the most important team in college football knock off Ohio State? And by that I mean Minnesota, the crux of TCU’s argument to hold off Baylor. Not much is going to change between the Bears and Frogs this week, with Baylor off and TCU visiting Kansas, but a 10-2 or 9-3 Minnesota could be enough of a strength-of-schedule bump to tip the scales in TCU’s favor. And now the 7-2, newly-ranked Gophers face one of the most difficult closing stretches in college football, hosting No. 8 Ohio State on Saturday, and then visiting No. 16 Nebraska and No. 20 Wisconsin.Other intriguing but not as pressing questions: – Florida and South Carolina play this Saturday in Gainesville. Either South Carolina will be 4-6 or Florida will be 5-4. There actually isn’t a question here, I just wanted to make sure you were aware.– Which Texas A&M team shows up against Missouri, the one from the Auburn game or the one from the four games before that?– How does Mark Stoops handle his first true, on-the-field crisis? On Oct. 11 Kentucky was 5-1 and a bowl game looked inevitable. Now they’re 5-5 and have to win at Tennessee or at Louisville to secure what looked nearly guaranteed a month ago. Kentucky hasn’t won in Knoxville since 1984, by the way.– Who wins the ACC’s de facto consolation game? No one has paid much attention to either team since Clemson dropped that stunner at Florida State, but the Tigers have run off six straight wins while allowing a national best 3.83 yards per play, and Paul Johnson has put together one of his best seasons yet, winning six games by 11 points or more en route to an 8-2 record and No. 22 ranking. The Jackets’ two losses came by six (to Duke) and five (to North Carolina).– Who blinks first, Georgia Southern or Navy? And by “blinks,” I clearly mean passes. Georgia Southern leads the nation with 385 rushing yards per game and 49 rushing touchdowns and ranks second with 7.2 yards per carry, while Navy ranks second at 350 rushing yards a game and second at nearly 57 carries a game.– Can Charlie Strong keep it rolling? It’s taken a while, but Texas has started to look like a Charlie Strong team in its two-game winning streak, beating Texas Tech and West Virginia by a combined 67-29 and rushing for 455 yards in the process. Now he goes to chilly Stillwater in what amounts to a bowl game to get to a bowl game for both Texas (5-5 with TCU on Thanksgiving) and Oklahoma State (5-4 with Baylor and Oklahoma waiting). AD Quality Auto 360p 720p 1080p Sponsored By Connatix
National signing day is a crazy time of year dominated by numbers. It’s so crazy in fact, that the Penn State staff dialed the wrong number when trying to get recruit on the phone during the big day.Not surprisingly, James Franklin wasn’t fazed, and rolled with the punches and ended up taking it all in stride and had some fun with it.Luckily, this one worked out well and Franklin and the rest of the staff were able to laugh it off.
AD Quality Auto 360p 720p 1080p Sponsored By Connatix Last night on FootballScoop radio Scott & Derek had both AFCA President Tommy Tuberville and AFCA first vice president Todd Berry on to discuss the search for Grant Teaff’s replacement.Tuberville and Berry both made it clear that the next leader of the organization will have head coaching experience and provided excellent insight into what they are looking for. While it sounds like best case scenario would be to have someone identified by this Summer; there is the possibility that a sitting FBS head coach might be the choice which might delay the official selection until following the 2015 season.Todd Berry makes it pretty clear that the AFCA is looking to hire someone who will be on the job for a decade or more so “someone in their mid fifties” might be right for the job. Berry’s take on guys like Mack Brown, Jim Grobe, Philip Fulmer & RC Slocum is very interesting. AFCA.com Tuberville strongly believes that head coaching experience is necessary.Great content & insight from both guys. As the search progresses we’ll keep you posted on The Scoop.
Northwestern’s latest installment of “The Foundation,” which provides an unparalleled look inside of Spring ball in Evanston, is full of some really good content this week.Sitting down with offensive coordinator Mick McCall, offensive line coach Adam Cushing, you get a really good feel for how Northwestern handles their business on the offensive side of the ball.The best nugget in the entire video probably comes from Cushing, who, when talking about his very first meeting with his offensive line, explained, “I tell my guys that the minute they walk in the door with us as Freshman that I’m, going to attack problems, and not people on the field.” You might want to write that one down to share with your guys come fall. I definitely did.And as someone who lives in the heart of Big Ten country, this quote from a Wildcat defensive player also caught my attention.“In the Big Ten, everyone is big, everyone is strong and everyone is fast, but the guys that really separate themselves from the pack are the guys who are relentless and who give great effort each play.” Northwestern Junior defensive end Dean Lowry shares during the clip.At the end of the clip, as Pat Fitzgerald addresses the team after practice, he shares with his guys that practice simply “wasn’t good enough”.“Today wasn’t good enough. But that’s the great thing about football men, you cannot cheat it. It’s just like life – if you try to cheat life, you’ll get exposed. That’s how you beat yourself.” Fitz explained. AD Quality Auto 360p 720p 1080p Sponsored By Connatix
Bret Bielema says the chance to come to SEC media days is “so rare and so unique and powerful.” He’s not sitting next to @ChipTowersAJC— Seth Emerson (@SethEmersonAJC) July 15, 2015 Bret Bielema says he goes into a game plan with “5 to 10 calls max” on defense. @OtisKirk247 @jcshurburtt @Evan_Flood #Arkansas— Ryan Bartow (@RyanBartow) July 15, 2015 Bret Bielema on tough 2015 schedule: “The SEC West, what it is and what it will be in the future, is never really gonna change that much.”— Zac Ellis (@ZacEllis) July 15, 2015 Bielema: “One thing that jumped out to me that no one has really written about is how an advantage being a Nike school is.” #SECMDshoewars— Dennis Dodd (@dennisdoddcbs) July 15, 2015 Bret Bielema concerned players having a few thousand extra in their pockets (cost of attendance) could lead to some bad decisions— Joe Schad (@schadjoe) July 15, 2015 Bielema says close losses against Bama, Mississippi State may have meant more to program than beating Ole Miss, LSU.— Hugh Kellenberger (@HKellenbergerCL) July 15, 2015 Arkansas’ Bret Bielema up now. “Very excited, this is the time of year where you get your blood flowing.” Thank goodness.— Zac Ellis (@ZacEllis) July 15, 2015 Bret Bielema compares his defense to the Bad News Bears. He meant it as a compliment— Brett McMurphy (@McMurphyESPN) July 15, 2015 Bert: “First thing I said is, ‘Hell, let’s start a little Nike-Adidas war?’”— Hugh Kellenberger (@HKellenbergerCL) July 15, 2015 Bielema said last 5 SEC West champs 18-2 on the road. Arkansas is 1-8 in true road games under Bielema— Brett McMurphy (@McMurphyESPN) July 15, 2015 There are pregnant pauses in Bret Bielema’s speech every time he thinks, “Should I say this? Ah hell, I’m going to say it anyway.”— Bill Connelly (@SBN_BillC) July 15, 2015 Bielema: “If I was an AD right now, best thing you can do is groom a coach in waiting.”— Brett McMurphy (@McMurphyESPN) July 15, 2015 Bielema asked for help by a reporter with his SEC West order of finish. “I would put us always wherever you feel your heart should lead us.”— Zac Ellis (@ZacEllis) July 15, 2015 Bielema: “at that end of last season, not a lot of people wanted to play Arkansas. But that’s what it is now: pop, pop, fizz, fizz.”— Matt Hayes (@Matt_HayesSN) July 15, 2015 Bielema: “Frankly, it made some people mad” that the SEC moved the Arkansas-LSU game off the coveted Thanksgiving weekend slot.— Dan Wolken (@DanWolken) July 15, 2015 AD Quality Auto 360p 720p 1080p Sponsored By Connatix Bielema on o-line media guide cover: “Selfishly, it’s the only group I feel comfortable taking a picture with.”— Andy Staples (@Andy_Staples) July 15, 2015 Bielema: “I wore a little bling on the shoes. I saw a coach walk in here with his adidas on, I thought…let’s start a little Nike-adidas war”— George Schroeder (@GeorgeSchroeder) July 15, 2015 Following Nick Saban, Mark Stoops and Gary Pinkel, Arkansas head coach Bret Bielema wraps up the penultimate day of SEC Media Days.See updates from Bielema’s appearance at the podium below.Arkansas head coach Bret Bielema: Bret Bielema says the chance to come to SEC media days is “so rare and so unique and powerful.” He’s not sitting next to @ChipTowersAJC— Seth Emerson (@SethEmersonAJC) July 15, 2015 Bielema: “Coach Fry used to say all the time, you recruit your own problems.” You’re damn right.— Dan Wolken (@DanWolken) July 15, 2015 Bielema on Spurrier’s “cartwheels” quote: “I will say this. I will respect my elders.”— Andy Staples (@Andy_Staples) July 15, 2015 Bret Bielema started choking up during his opening statement just talking about bringing players here. Do NOT show that man “The Notebook.”— Seth Emerson (@SethEmersonAJC) July 15, 2015 Bielema on playing Friday after Thanksgiving: “At some point when we’re playing in Atlanta, it will give you an extra day of preparation.”— Matt Hayes (@Matt_HayesSN) July 15, 2015 Bielema: “I’ve turned down players based on Twitter handles & on Twitter pictures”— Brett McMurphy (@McMurphyESPN) July 15, 2015 Bielema on Spurrier’s somersault remarks: “I don’t think this body, with how it’s built, no matter how many rockets, can do somersaults.”— Tom Green (@Tomas_Verde) July 15, 2015 Bielema on kneeling on the 2-yard line vs. Texas: “It was a proud moment. Borderline erotic.”— Barrett Sallee (@BarrettSallee) July 15, 2015Here’s video of what will surely go down as the quote of 2015 SEC media days:Proof that #Arkansas coach Bret Bielema found his bowl win against #Texas to be “borderline erotic.” #SECMD15 #WooPig pic.twitter.com/7Qal3QegND— Dayne Young (@dayneyoung) July 15, 2015