Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Fannie Mae and Freddie Mac Post Q2 Earnings The Best Markets For Residential Property Investors 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The U.S. government is set to see another $5.6 billion from Fannie Mae and Freddie Mac as both GSEs continue to post solid earnings.Both companies released on Thursday their earnings reports for the second quarter, reporting subdued profits compared to recent quarters as settlement earnings and other previous one-time benefits subside. In 2011, the Federal Housing Finance Agency, acting as conservator for Fannie and Freddie, brought lawsuits against 18 banks for their alleged roles in bringing down the GSEs’ portfolios with bad loans. The majority of those cases are now settled, leaving little for the companies to collect going forward.Those cuts in one-time earnings were offset in part by rising home prices and improvements in credit quality.For its part, Fannie Mae took in $3.7 billion in profits through the quarter, all of which will be handed to the Treasury per the terms of the GSEs’ bailout in 2008. Freddie Mac, which reported $1.4 billion in net income, will return $1.9 billion to the government.By September, the two mortgage giants will have paid a combined $218.7 billion back to the Treasury, more than $30 billion more than the amount they’ve drawn since their bailout. Under their amended agreement, dividend payments will continue to go on as the government maintains its controlling stake in the companies.How long that situation will continue is still undecided as policymakers—from Congress to the White House—push to reform the secondary market and bring in more private capital. While recent housing finance reform bills have made some headway in committee, debates over how to proceed have stalled any further progress, and no major moves are expected this year.Meanwhile, shareholders for the GSEs, spurred by their recent profitability, continue to pressure the companies and the government for their cut. The Week Ahead: Nearing the Forbearance Exit 2 days ago Fannie Mae Freddie Mac 2014-08-07 Tory Barringer Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Related Articles Sign up for DS News Daily Fannie Mae and Freddie Mac Post Q2 Earnings Tagged with: Fannie Mae Freddie Mac The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: DS News Webcast: Thursday 8/7/2014 Next: Three Charged in Massive Mortgage Modification Scam August 7, 2014 1,128 Views Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Headlines, Market Studies, News About Author: Tory Barringer Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Print This Post
87 Kriedeman Rd, Upper Coomera.The property at 87 Kriedeman Road includes a restaurant, irrigation system, a two level shed and a house.Ms Winterbottom said the 900sq m shed can be used for anything from a winery, car collection, equestrian storage, car workshop, art theatre or a music studio.“This is a rare opportunity to buy a property with a restaurant and a tea house which is perfect to host a wedding,” she said.“The house is currently home to the properties caretakers but you could easily live on the acerage and enjoy the vineyard at your doorstep.”Mr Penglis said his secret to feeling 48 is enjoying wine regularly.His television career and the famous long lunches that were once part of a media executive’s job spurred the love of wine.“My favourite is Revelation red,” he said. 87 Kriedeman Rd, Upper Coomera.“We bought this property with every intention to see it grow and blossom but we have been caught up with other ventures on Tamborine Mountain.”More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North6 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoMr Penglis said he and Bob Gordon also run Cedar Creek Estate Vineyard & Winery.“We bought this property at Upper Coomera from a South Australian wine maker, Robert Thumm, who had built the 900sq m concrete shed and established the lake and vineyard,” Mr Penglis said.“You can’t build a concrete construction that big for under a million anymore.“It is a beautiful property and it was ready to move in and start a business, Robert did all the work.“I have been growing verdelho and chambourcin which is a French variety.” 87 Kriedeman Rd, Upper Coomera.As well as a vineyard and a lake, the property also comes with its own tourist attraction, glow worm caves.Realtor agent Madonna Winterbottom is marketing the property as a ‘romantic homestead’.“Let me paint you a picture, it is a 6.28ha property located in a dedicated grape growing region with lush grassed meadows gently rolling to deep glistening lakes,” she said.“It is completely limited to your imagination.” 87 Kriedeman Rd, Upper Coomera.The property bought by their business Cedar Creek Cellars in early 2014, has the former Queensland premier Rob Borbidge as board chairman, and directors including the former state minister and the father of the current premier, Henry Palaszczuk, and the former newspaper editor Bob Gordon.After 33 years in television, Mr Penglis said his fascination with wine all started when he went on a wine tour to the Granite Belt.“Bob Gordon was a cadet at Channel 9 when I was working as a journalist and we have been friends ever since,” Mr Penglis said. The home on the property.WHO better to buy a winery from than two former journalists?Newspaper man Bob Gordon and former Channel 9 executive John Penglis are letting go of their unlimited supply of wine, and it could be all yours for a little short of $2 million.Wine lovers, while away a few minutes here…Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:20Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:20 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Store your wine like a pro01:20 Related videos 01:20Store your wine like a pro01:54Dream Home: Hawthorn East01:44Go inside this wine lover’s dream cellar!02:03The latest in wine cellar designs01:53A Los Angeles wine temple03:03Sandstone bungalow with nightclub barIt originally started as a hobby, but the 83-year-old Penglis along with Bob Gordon, the former editor of the Gold Coast Bulletin have put the Upper Coomera vineyard on the market for $1.695 million.
James Louis “Jim” Allen 73, of Aurora, passed away Monday January 20, 2020 in Lawrenceburg, Indiana.Jim was born May 13, 1946 in Milan, IN, son of the late Herman Charles Allen and Ethel Marie (Hinman) AllenHe served his country as a member of the United States Army. Jim attained the rank of Sergeant, at the grade of E-5.Jim worked as a laborer for Seagram’s Distillery, retiring after over 36 years of service.He was a member of American Legion in Batesville, and also of the National Rifle Association.Jim enjoyed shooting with his sons at the shooting range. In his younger years, he enjoyed deer hunting. Jim was a fan of motorsports, and liked to watch Indy car, and NASCAR races. He loved to go to drag races in Indianapolis with his family. Jim also liked to ride 4-wheelers, and his Harley Davidson. Jim loved God. He also loved his harlequin/merle Great Dane, Smokey. Most of all, Jim loved his time with friends and family.James is survived by his loving spouse of 42 years Martha Allen (Melton); sons, Lance (Jenni) Allen of Aurora, IN, Joshua (Kay) Allen of Dillsboro, IN; Brother, John (Sharon) Allen of Linton, IN; Three grandchildren, Justin Allen, Haiden Dishon, and Amelia Allen.He was preceded in death by his parents, and a brother, Robin Allen.Contributions may be made to the family. Please call the funeral home office at 812-926-1450 and we will notify the family of your donation with a card.Visit: www.rullmans.c
Is Lukaku a flat-track bully?Manchester United splashed out on Romelu Lukaku last summer to ensure they finished more of the chances they created and based on the statistics alone he has delivered, with 19 goals in all competitions. But a closer look at the figures shows he has not produced the goods in the big games, leading to accusations he is a flat-track bully. The Belgium international scored again on Saturday in a 2-0 win against Huddersfield after failing to find the net against Tottenham in midweek — meaning he has yet to score in six matches against fellow members of the “big six” this season. Until he does his detractors will continue to point out he cannot deliver when it matters most.Aubameyang and Mkhitaryan lift ArsenalJust when Wenger needed it most, his new signings Pierre-Emerick Aubameyang and Henrikh Mkhitaryan provided a welcome boost to troubled Arsenal. A wretched January featuring poor league results and an embarrassing FA Cup exit at second-tier Nottingham Forest had Wenger’s critics sharpening their knives again and Alexis Sanchez’s move to Manchester United hardly quelled the mounting questions at the Frenchman’s door. But fortunately for Wenger, Aubameyang, signed for a club-record £56 million from Borussia Dortmund, and Mkhitaryan, brought in from United as part of the Sanchez deal, quickly reestablished their telepathic relationship in a 5-1 thrashing of Everton. While Aaron Ramsey hit a hat-trick, it was the former Dortmund team-mates who stole the show. Mkhitaryan provided three assists, includes one for Aubameyang, who took advantage of a missed offside decision to mark his debut with a cool finish. For Wenger’s sake, it must be the first of many.Mahrez absence unnerves LeicesterLeicester manager Claude Puel conceded his team lacked a cutting edge in their 1-1 draw against Swansea in the absence of unsettled star Mahrez. It was hard to escape the notion that Leicester are not the same side without the former PFA Player of the Year. Algeria winger Mahrez, who also missed the defeat at Everton, has not been seen by the club since his proposed move to Manchester City collapsed on Wednesday. “We created lots of chances. It was amazing but without the final clinical edge, that’s true,” Puel said. “I know in my mind the most important thing is just to consider my team. I am disappointed about it all.”Share on: WhatsApp Harry Kane scored his 100th goal of the premier leagueLondon, United Kingdom | AFP | Mohamed Salah and Harry Kane had a thrilling shoot-out in Liverpool’s dramatic draw with Tottenham.Manchester City boss Pep Guardiola made a curious selection decision, while Arsene Wenger got a boost from Arsenal’s new boys.Here are five things we learned from the Premier League this weekend:Salah edges Kane shootoutKane had the last word as his 100th Premier League goal from a controversial stoppage-time penalty handed Spurs a share of the spoils at Anfield, but Liverpool’s Salah moved to within just one goal of the England striker in the battle to win the golden boot. The Egyptian showed a cool head to put Liverpool in front after just three minutes in what for so long looked like it might be the decisive goal. However, Salah had even better to come himself in stoppage time as he wriggled away from three Spurs defenders inside the area before dinking home his 20th league goal of the season.Guardiola sends unsubtle sub messageThe sight of the coach blessed with the most expensive squad in the Premier League pleading poverty by naming just six of a possible seven substitutes didn’t receive a huge amount of sympathy. Guardiola claimed he “didn’t have any players” to fill his bench after a series of injuries, in part caused by repeated nasty challenges that have irked the Catalan and his players. Guardiola may also have been sending a message to his superiors after a deadline day attempt to land Riyad Mahrez fell well short of Leicester’s valuation. However, his refusal to even just draft in a reinforcement from City’s hugely resourced academy drew stinging criticism with former England international Gary Neville among those labelling the decision “a joke”.
DBSA has provided a critical loan to Zimbabwe’s emerging cotton farmers. (Image: C S Monitor) MEDIA CONTACTS • Lesetsa Matshekga Investment Officer DBSA +27 11 313 3289 or +27 78 800 9146 RELATED ARTICLES • Botswana revives ostrich farming • SA store shows new way to farm • Congo welcomes SA farmers • Zambian hydro projects in full swingBongani NkosiZimbabwe’s small-scale cotton farmers have received a major financial boost from the Development Bank of Southern Africa (DBSA) to improve their output.DBSA announced the R104.6-million (US$748 000) loan to the Cotton Company of Zimbabwe (Cottco) on 23 November 2010.The funds will go towards Cottco’s inputs credit scheme, which facilitates funding for the emerging farmers.“This is a first ever landmark investment in Zimbabwe by the DBSA,” Admassu Tadesse, group executive for the international division at DBSA, said in a statement.“Through this investment communal and small-scale farmers will have access both to credit and capacity-building programmes which will empower them to grow more cotton.”Cottco supports thousands of small-scale producers, who farm about 242 000ha of land in the Southern African country. DBSA said the organisation works with a wide network of farmers, and provides access to skills and infrastructure.It provides farming inputs such as fertiliser, seed and chemicals through its credit scheme. These are made available during the growing season, under recommendations from Cottco’s agronomists.Zimbabwe’s cotton farming sector has been negatively affected by a lack of funding in recent years, as has all other facets of the country’s agricultural industry.DBSA said lack of access to foreign currency has stalled progress in reviving Zimbabwe’s agricultural sector.Before the recent loan, funds had dried up for Cottco, which meant local farmers battled to access much-needed finance for their capital expenditure needs and day-to-day duties.Recovery programme The developmental bank’s loan is meant to support the Zimbabwean government’s Short Term Economic Recovery Programme. The programme has identified agro-processing and agriculture as key priority sectors to drive the recovery of the domestic economy, Tadesse said.The agricultural sector is the major backbone of Zimbabwe’s economy, and when it began to collapse in 2000, the entire country took a hard knock.Widespread government seizure of commercial farmland through a controversial land reform act was at the heart of the crisis.According to the DBSA, agriculture contributes up to 17% of Zimbabwe’s GDP, 60% of manufacturing inputs, 35% of foreign exchange earnings and 15% of formal employment.“The Zimbabwean economy is heavily dependent on agriculture,” Tadesse said, adding that the bank believes that its loan to Cottco will be significant in supporting the revival of the industry, protect existing jobs in the sector and create new employment opportunities.Cottco is expected employ more than 5 000 Zimbabweans during the next buying season, which will generate about R25.6-million ($3.6-million) in wages, according to DBSA.Development mandateDBSA aims to invest in projects that have potential to boost the economies of Southern African nations. It recently contributed R748 000 ($105-million) towards the expansion of Zambia’s Kariba North Bank hydro power station.“The Zimbabwean investment is in line with the bank’s mandate and strategy to support development and viable projects in key economic sectors such as agriculture,” said Tadesse.“Building sustainable regional economies remain a priority area that the DBSA will aggressively pursue to ensure that the region is prosperous, integrated and progressively free of poverty and dependency,” he added.
8 Best WordPress Hosting Solutions on the Market Two former Yale University law students have settled their suit brought against some 30-plus anonymous commenters who posted derogatory remarks about them on an internet forum called AutoAdmit. The comments, which ranged from standard insults to those of a more sexually explicit nature, were so vile they prompted the women to sue in order to out the identities of those doing the commenting. According to the plaintiffs, the suit was necessary because the discussion board, a site designed for law school graduates, was often monitored by firms looking to hire. Because the comments were associated with their names, the women claimed that it would hurt their chances of being offered a job.The CaseThis case had been in litigation for years, having been originally filed back in 2007. The problem stemmed from the fact that internet sites such as AutoAdmit are essentially able to operate under different rules than those that apply to TV and newspapers when it comes to libel. This is due to a law called “Section 230,” which immunizes internet publishers from legal harm. At the time of its establishment in the 90’s, however, those “publishers” were the ISPs themselves – the AOLs and CompuServes that delivered Internet access to consumers. The idea of bloggers, social media publishers, and anonymous blog and forum commenters didn’t really exist yet and therefore wasn’t taken into consideration. That meant the women weren’t able to sue the operators of the discussion board website itself, but had to go after the anonymous posters instead. That, of course, was quite the challenge.In the end, the women’s attorneys were able to identify some eight or nine of the anonymous posters, according to the Hartford Courant and they settled with some of them.Because the terms of the settlement were confidential, the lawyers representing the former students, Heide Iravani and Brittan Heller, would not discuss them. However, San Francisco attorney Ashok Ramani, whose firm, Keker & Van Nest took the case pro-bono said that their clients were “very pleased with how the case went.” The women had sued for monetary damages so a settlement means they were likely awarded at least some of the amount they had hoped for. Was the Settlement a Win or a Loss? Depends on Who You AskMarc Randazza, the attorney for one of the defendants scoffed that if the women’s intention were to have the negative comments removed, their interests were very poorly served. “Now there’s even an Encyclopedia Dramatica page for them,” he told the Yale Daily News. However, David Rosen, one of the women’s attorneys and a Yale Law professor, countered that unmasking some of these anonymous posters who were hiding behind pseudonyms and then holding them accountable for what they said had accomplished “the fundamental goals of the case.” He thinks the suit may even have some internet commenters thinking twice before posting. The possibility of a lawsuit “may make some people pause before posting comments that are malicious and completely indefensible,” Rosen was quoted as saying.Will This Really Change Things?While obviously a major case, this suit isn’t the first time a defamation case like this has been brought to court. In fact, only months ago, an anonymous blogger using Google’s Blogger.com service was sued for rants she made about a fellow model, one Liskula Cohen, on her site “Skanks in NYC.” The victim sued to reveal the identity of the malicious blogger. Thanks to a judge’s ruling that Google must hand over to Cohen any identifying information they had on the site’s creator, the blogger in question was revealed to be Rosemary Port. (She’s now suing Google for not protecting her). Although a slightly different case, the womens’ suit involving the forum commenters also succeeded – at least in part – in revealing the identities of those posting the defamatory messages. Combined with the prior example, it will be interesting to see what impact these cases have on the online world. Will this lead to more lawsuits where alleged victims seek to out the identities of their internet foes? Will it lead to more self-policing among the commenting community? Will internet trolls actually think before they type? It’s too soon to say, but it’s possible that a kinder, gentler – and possibly more boring – internet may be in our future. Image credit: Troll – flickr user tandemracer; Related Posts Why Tech Companies Need Simpler Terms of Servic… Tags:#news#NYT#Trends#web Top Reasons to Go With Managed WordPress Hosting A Web Developer’s New Best Friend is the AI Wai… sarah perez
Tags:#Google#mobile#web audrey watters What it Takes to Build a Highly Secure FinTech … One of the great features of the Android is its integration with Google Maps, including the turn-by-turn navigation directions. Those directions just got even better, as Google has announced that Google Maps Navigation will now automatically route you around traffic.The app has always directed users to the fastest route. But until today, what constitutes “fastest” has been based on the distance and on expected traffic – but not on the actual road conditions. The app uses both historical and real-time traffic data to select and recommend the alternate routes. Users won’t need to do anything special in order to trigger the new directions, which will be active in North America and Europe where both Navigation and real-time traffic data are available.Google says that more than 35 million miles are driven by Navigation users daily, and touts the new feature as a massive “time saved.” But Google does caution that these alternative routes might not turn out to be any faster. “Keep in mind,” Google says, “that we can’t guarantee that Navigation will be able to find a faster way.” But if you’re like me, the act of driving around traffic always feels faster than just sitting in it. Why IoT Apps are Eating Device Interfaces Role of Mobile App Analytics In-App Engagement Related Posts The Rise and Rise of Mobile Payment Technology
Petron is adding University of Santo Tomas’ Sisi Rondina and Far Eastern University’s Chin Basas and Buding Duremdes to fill the void left by imports Stephanie Niemer and Katherine Bell and libero Pia Gaiser.“Actually, we already have a list of players to add. These players are just ‘simple’ players,” said Delos Santos during the weekly Philippine Sportswriters Association (PSA) Forum at Amelie Hotel-Manila Tuesday.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics“Sisi Rondina. Buding Duremdes and Chin Basas are already on our list. We will activate them in the All-Filipino.”Gaiser is set to fulfill her dream of becoming a doctor. DA eyes importing ‘galunggong’ anew Don’t miss out on the latest news and information. Hontiveros presses for security audit of national power grid PBA Finals: Hot-shooting Beermen tie series, torch Hotshots in Game 4 Private companies step in to help SEA Games hosting LATEST STORIES PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss SEA Games hosting troubles anger Duterte Meanwhile, new team Marinerang Pilipina, which is making its PSL debut next conference, is finalizing its lineup, which already has veterans Ivy Remulla and Ers Iratay and young guns Cesca Racraquin, Seth Rodriguez, and Chiara Permentilla.Villet Ponce-de Leon will call the shots for Marinerang Pilipina with Ronald Dulay as her deputy.“Our lineup is not yet complete because of the ongoing UAAP,” said Montero, the former University of the Philippines star who also saw action in the PSL.“But rest assured that we will put up a competitive team. Our coaches are doing their best to come up with the best talents who are capable of beating other PSL teams.”ADVERTISEMENT Sports Related Videospowered by AdSparcRead Next MOST READ View comments Members of Marinerang Pilipina, PSL President Dr. Ian Laurel, and members of Grand Prix champion Petron. CONTRIBUTED PHOTOMANILA, Philippines—Petron remains a formidable squad heading into its title defense in the Philippine Superliga All-Filipino Conference next month.The Blaze Spikers are coming off a championship run in the recently-concluded Grand Prix Conference and they’re raring to add another title to their growing collection.ADVERTISEMENT Philippine Arena Interchange inaugurated Cayetano: Senate, Drilon to be blamed for SEA Games mess Panelo: Duterte ‘angry’ with SEA Games hosting hassles Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue
zoom The Ghana Ports and Harbours Authority (GPHA) has invited parties to submit their expression of interest for the concession of the an integrated container and multipurpose terminal in the port of Takoradi, Ghana.The authority said that the concession, which is set at a period of 20 years, or more, depending on the level of proposed investment, provides the right and obligation to develop, equip, finance, operate and maintain the Integrated Terminal over the concession period.The principal objectives are to introduce an independent terminal operator into the Port of Takoradi to handle containers, multi-purpose and general cargoes; increase the container, multi-purpose and general cargo throughput capacities and the operational efficiency of the Port of Takoradi; as well as increase employment opportunities for Ghanaians.GPHA said that the deadline for the submission of statements of qualifications is February 17, 2017. “The new integrated terminal will allow for the largest container vessels currently calling in Western Africa to be handled in the port with modern loading/unloading equipment, which is a substantial improvement over the current operations at the port of Takoradi,” according to GPHA.The terminal combines the handling and storage of containers, general cargo, project cargo, Ro-Ro, food-related and other specialised cargo. It has an initial phase of 30 hectares of land and a 795-meter quay wall at CD -14 meters, while Phase 2 consists of another 32 hectares and 700-meter quay wall.GPHA said that it started the Takoradi Port Expansion Program’s construction works in 2010. The works included the extension of the breakwater, deepening of the access channel and port basin, and construction of the infrastructure for the dry bulk terminal with a depth at the quay of CD -16 meters.The tender procedure to select and contract a private dry bulk terminal operator is currently ongoing. Four companies have been shortlisted to take part in the next stage of the concession award process for the dry bulk terminal. The companies are scheduled to submit their final proposals in January 2017.