Tagged with: CFPB Mortgage Bankers The Five Star Institute Home / Featured / Industry Leader Calls CFPB Deputy Director’s Comments ‘Irresponsible’ Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Print This Post CFPB Mortgage Bankers The Five Star Institute 2014-02-21 Krista Franks Brock Data Provider Black Knight to Acquire Top of Mind 2 days ago Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Related Articles Previous: VirPack Upgrades Document Management System Next: Fannie Mae Dividend Payments to Exceed Treasury Draws After Consumer Financial Protection Bureau (CFPB) Deputy Director Steven Antonakes decried mortgage servicers for not doing enough to mend the industry after the recent housing crisis, one industry leader called his comments “inflammatory and without benefit to the audience.”Ed Delgado, president and CEO of the Five Star Institute, believes the deputy director’s remarks are not only ill-timed but also counterproductive.Speaking before an audience of Mortgage Bankers Association members Wednesday, Antonakes said he is “deeply disappointed by the lack of progress the mortgage servicing industry has made,” and added that “too many customers continue to receive erratic and unacceptable treatment.”Near the end of his speech, Antonakes said, “My message to you is a tough one. I don’t expect a standing ovation when I leave.”However, Delgado suggests Antonakes’ message was more than simply unpopular with its direct audience. Since the speaking engagement, Antonakes’ remarks have been picked up and reiterated by media outlets across the nation, sending a message to consumers that the industry has not improved and their financial futures are not secure. Not all agree.Sending this message “at a time when collaboration and cooperation are critical to the industry—not just to servicers but also to homeowners who need to have confidence in those responsible for managing their mortgages—is simply irresponsible—with little merit,” Delgado said.In spite of Antonakes’ “deep disappointment,” the industry has completed more than 6.8 million loan modifications since 2007, according to HOPE NOW, a private-sector industry alliance. Foreclosures have retreated drastically; REOs are back at pre-crisis levels; and the market is stabilizing.Furthermore, while Antonakes points to the 4,900 mortgage complaints the CFPB receives each month, this amount is “diminutive when placed in context with the nearly 80 million mortgages currently in service across the U.S. market,” Delgado said. In fact, this translates to complaints on 0.006 percent of mortgages.”To chastise an audience of mortgage servicers without conceding their enormous efforts as well as the impact of federal government programs is both inaccurate and negligent,” Delgado said. Referencing Rep. Jeb Hensarling’s (R-Texas) popular quote about Dodd-Frank’s Volckner Rule, Delgado said “given the remarks of Mr. Antonakes, it appears that the CFPB is a solution in search of a problem.”Disclosure: The Five Star Institute is the parent company of DS News and DSNews.com. The views expressed here do not reflect those of the editorial staff. Industry Leader Calls CFPB Deputy Director’s Comments ‘Irresponsible’ About Author: Krista Franks Brock Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe in Featured, Government, Headlines, News The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago February 21, 2014 789 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago
However, a statement released by the Spanish club on Wednesday read: “Given the information published in the last few hours regarding an alleged agreement between Real Madrid C.F. and PSG for the player Kylian Mbappe, Real Madrid would like to state that it is completely false.“Real Madrid has not made any offer to PSG or the player and condemns the spreading of this type of information that has not been proven by the parties concerned.”Mbappe became the second-most expensive player in history when he joined Paris Saint-Germain on a permanent deal from Monaco for Sh22bn (£166m) earlier this year.The striker is currently away on international duty with France at the World Cup in Russia, where he has scored three goals.Madrid have also denied making an offer for Mbappe’s club team-mate Neymar.Spanish state television channel TVE reported that the Bernabeu club had put forward a world-record bid for the Brazilian star.However, Madrid have denied launching an offer, which would have beaten last summer’s Sh26bn (£200m) deal to bring Neymar to the French capital from Barcelona.0Shares0000(Visited 1 times, 1 visits today) 0Shares0000France forward Kylian Mbappe celebrates after scoring against ArgentinaLONDON, United Kingdom, July 4 -Real Madrid have issued a statement denying that a world-record transfer fee has been agreed with Paris Saint-Germain for Kylian Mbappe.Reports originating in France claim that Madrid have agreed a fee, thought to be Sh31bn (£240m), for the 19-year-old forward.
MOST READ Stronger peso trims PH debt value to P7.9 trillion Beijing’s urban center will host indoor events such as ice hockey and figure skating, largely in venues left over from the 2008 Beijing Summer Olympics. However, a lack of mountains and natural snow requires that ski events be held at sports clusters in Chongli as well as Beijing’s rural Yanqing county, both of which will be connected to the city center by a high-speed rail line. Read Next Kammuri turning to super typhoon less likely but possible — Pagasa Don’t miss out on the latest news and information. In this picture taken on August 22, 2017, people snowboard at the Wanda Harbin Ice and Snow Park in Harbin.At Dalian Wanda Group’s new Ice and Snow Park, chilly winds blew snowflakes around skiers zipping down the manmade slopes of the world’s largest indoor ski park, a potent symbol of China’s ambitions to turn itself into a winter sports powerhouse ahead of the 2022 Winter Olympics in Beijing. / AFP PHOTO / Nicolas ASFOURI / TO GO WITH China-lifestyle-ski, FEATURE by Yanan WANGBEIJING — Beijing, host of the 2022 Winter Olympic Games, has a snow problem: Hardly any of the white stuff falls on the Chinese capital despite freezing temperatures.Taking the matter in hand, the games organizing committee has formed a “snow affairs work team” and invited experts from Finland, Canada and other nations to help out, according to the official “2017 Beijing FactFile” produced by the city government.ADVERTISEMENT View comments The work team would “expedite research on key technologies for making and preserving snow, and start to formulate a work plan to ensure suitable snow resources,” the publication said.Also on Thursday, Beijing Vice Mayor Zhang Jiandong said all venues and transport links for the games would be completed by the end of 2019, allowing Beijing to begin staging test events the next year.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“Progress on all these projects has been moving ahead smoothly,” Zhang said at a briefing on the sidelines of the twice-a-decade congress of China’s ruling Communist Party.Beijing was awarded the games in 2015, defeating Almaty, Kazakhstan, in the voting to become the first city to have been awarded both the Summer and Winter Olympics. QC cops nab robbery gang leader, cohort Brace for potentially devastating typhoon approaching PH – NDRRMC Typhoon Kammuri accelerates, gains strength en route to PH Kin of Misamis Oriental hero cop to get death benefits, award — PNP LATEST STORIES CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA 60-40 sharing ‘fair’ as China will spend for WPS exploration—Esperon PLAY LIST 01:2760-40 sharing ‘fair’ as China will spend for WPS exploration—Esperon00:45Onyok Velasco see bright future for PH boxing in Olympics01:31Ban on online gambling? ‘China can’t dictate on us’ — PH envoy01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Kings see Game 4 as ‘do-or-die’ Japan ex-PM Nakasone who boosted ties with US dies at 101
Hail Saina Nehwal, the brand new Olympic bronze medallist at the London Olympics. Agreed, the Indian badminton queen did not play her best, but luck smiled on her as opponent Wang Xin from China hobbled off the court because of a knee injury.Sport is about victory and celebrations or losses and tears. On Saturday, it was Saina’s chance to flash that million-watt smile as she wore the bronze medal around her neck after the unfinished play-off.”I told my dad I was sorry I couldn’t win gold but at least I have a bronze medal. I just can believe it,” said Saina at the press conference.Having backpedalled right through the brief contest, when Xin used amazing variety to trouble Saina, the Indian was clueless as to what to do.As the first game was drawing to a close, there was sudden drama. Xin fell on the ground and was in pain at the score of 20-18. She took a medical timeout and resumed play. But in a matter of minutes, after winning one point in the second game, the lefthanded Chinese shuttler walked away in tears.It was mixed emotions for Saina as she knew this was not a match she had won but on a stage as big as the Olympics, what counts is a medal for yourself and the nation.”I can imagine what kind of celebration this is going to spark off in India,” said Saina, who had lost to Indonesian Mariana Yulianti in the quarter-finals of the Beijing Olympics.advertisementSo how is she going to celebrate? “I am now going to watch movies and I am going to eat chocolates. I don’t care even if I am going to put on weight!” Saina said.Saina was under a lot of pressure against the tricky Chinese player. Xin used court craft and huge variety in her game to trouble Saina by smashing and placing the shuttle in different corners of the court.Saina had initially taken a 4-2 lead from where Xin caught up with dexterity. The way the lithe Chinese used her wrist with deception had Saina in trouble. More so, when Saina was misjudging the flight of the shuttle on the baseline.But in a matter of minutes, everything changed. Saina did stage a fightback from 7-14 and caught up before Xin’s knee wrecked it.”My initial reaction was that Wang was trying to slow it down or she was trying to get her breath back as she fell down. But once I saw her in the second set, I knew her injury was serious,” explained Saina.Saina told the media she got good sleep last night. “Yes, I did think a lot about the semi-final loss. But I also knew I had to come out fit for the bronze medal play-off,” said Saina.She admitted that she was trying too hard. “I was in a hurry to play attacking strokes from the beginning. And I was perhaps aware of the expectations back home,” said Saina.The atmosphere inside the hall on Saturday was fantastic. Wembley is better known for football but these days it is the indoor badminton hall which has been making huge noise.For the vocal Chinese supporters, this was a big let-down. They had the national flag in place and were loudly cheering star Xin.The Indian fan base, too, was not to be left behind. Waving the Tricolour and cheering Saina in English and Hindi, they were rewarded for their loyalty.
Atletico Madrid chief Gil Marin: Simeone has job as long as he wants itby Carlos Volcano10 months agoSend to a friendShare the loveAtletico Madrid chief Miguel Angel Gil Marin says coach Diego Simeone has the job for as long as he wants it.Gil Marin is confident the Argentine is happy in Madrid, despite an admission that he sees a future with Inter Milan in Italy.The Atleti director stated: “I think the answer is simple, he has the job for as long as he wants to.”And I am convinced that he will continue to love it here as long as he believes that the club can continue to help him achieve his goals, which continue to produce results. That would mean that Atlético continues competing with the biggest.” TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your say
Kolkata: Visitors to the National Library of India and the Metcalfe Hall here can now acquaint themselves with the inspiring lives of four Bengali icons — Bankim Chandra Chattopadhyay, Rabindranath Tagore, Subhash Chandra Bose and Syama Prasad Mookerjee — and the sights and sounds of the City of Joy. The newly opened experiential museum “Icons of Nationalism: From the Soil of Bengal” in the National Library at Alipore celebrates the essence of Bengali nationalism and Bengal’s icons who dedicated their lives to India’s freedom from the colonial rule. The museum has been set up by the Union Culture ministry. The museum, equipped with reciprocal installations like interactive walls, immersive projections, touchscreen panels and audio-visual installations, is an attempt to inspire the youth. One can visit the museum between 10 am and 6 pm. “While the flame of nationalism was ignited all over the country, Bengal was the main theatre of the struggle for freedom from the British imperialism. The soil of Bengal nurtured many nationalists and certain personalities became the flag bearers of freedom, and thus the ‘Icons of Nationalism’. “Whether through their pen, paintings, music or actions, they often charted a path for the independence movement,” the developing companies Tagbin and Expression said. At the digital museum, on view is archival material like original letters written by these personalities, literature, newspaper clippings, documents and archival footage, Tagbin said. The materials have been sourced from the National Archives of India, the Nehru Memorial Museum Library (NMML), Bankim Sangrahashala and the Dr Syama Prasad Mookerjee Research Foundation, among others. The Metcalfe Hall at the crossing of Hare Street and Strand Road is also hosting an experiential exhibition titled “Ami Kolkata” (I am Kolkata), which sheds light on Kolkata as the city of stories, surprises, memories, cultures, celebrations, influences and confluences. Each aspect is detailed out as a zone. The exhibition contains a 70-feet hand-painted walkway with traditional “alpana” showcasing Kolkata’s iconic scenes, old photographs, posters, advertisements, signboards and other memorabilia. A selection of vintage prints and paintings on the bond between the Hooghly river and the city’s contemporary scenes, inspired by traditional Patachitra art, are also on view. In the “City of Celebration” zone, a traditional Durga idol building scene and installations of a Bengali wedding can be viewed. A gallery of paintings, music, cinema, dance, theatre, visual culture and literary art also await visitors as well. The last zone presents soundscapes from streets, an ever-present backdrop to the life in the city. Both the exhibition and the museum were opened by the West Bengal Governor Keshari Nath Tripathi on Friday.
NEW DELHI: The Aam Aadmi Party (AAP) will launch its second phase of campaigning for the upcoming general election on April 10 with an aim to reach out to 35 lakh people, including the working-class population, and tell them about the importance of full statehood to Delhi.Delhi minister and senior AAP leader Gopal Rai said the booth-level workers of the party would go to people, instead of calling them to jan sabhas. “In the first phase, we held jan sabhas with people, now we will go to the people, including the working class, and tell them about the importance of full statehood,” he said. Also Read – After eight years, businessman arrested for kidnap & murderRai added that the campaigning would be held in three phases and the second phase would start from April 10. “We will be engaging 13,814 booth heads and train them over the next two days to convey the message of the importance of full statehood to the people,” he said. The AAP leader said the third phase of campaigning would be launched after the candidates file their nominations. Rai claimed that his party’s first phase of campaigning had pushed the BJP on the “back foot”. “The BJP, which had thought it would have a walkover in Delhi, is now confused about which candidates should be fielded,” he said. Also Read – Two brothers held for snatchingsMeanwhile, he also said if the Congress is confident of winning in Punjab without an alliance, his party is also capable of winning all the seats in Delhi on its own. Questioning Congress leader Randeep Surjewala’s statement where he said his party was not in talks with the AAP or any other party for an alliance in Haryana and Punjab, Rai asked whether the Congress has forgotten about its loss in the bypolls in Jind. “I do not understand why Congress is so self-obsessed. It appears that it is in a state of maha-confusion,” he said. Rai said AAP took the decision of contesting on 35 seats in different states, keeping in mind that “it can contribute in defeating the BJP. You can win in Punjab but what about Haryana. The Congress is ready to lose but not form an alliance in Haryana,” he said. “Even people in Haryana are saying that if JJP-AAP and Congress stand together then BJP cannot win and can lose all 10 seats,” he added.
NEW DELHI: Chandni Chowk is one of the 7 Lok Sabha constituencies in Delhi. Voting for Lok Sabha election in Delhi was held in a single phase. Voting in Chandni Chowk Lok Sabha constituency is in the sixth phase on May 12 and counting is on May 23.Voting recorded till 6 pm was 62.69 per cent and the figure may slightly go up as polling continued at several places way beyond the deadline. Polling also started late on some booths while there were reports of EVM malfunctioning in different parts of the city. While , in the 2014 election in Chandni Chowk, 76.15 per cent or 9,82,275 voters had exercised their franchise. Of the 25 contestants who were in the fray, 22 had lost their deposits. After the delimitation of parliamentary constituencies in 2008, Chandni Chowk parliamentary constituency was divided into ten Vidhan Sabha segments namely Adarsh Nagar, Shalimar Bagh, Shakur Basti, Tri Nagar, Wazirpur, Model Town, Sadar Bazar, Chandni Chowk, Matia Mahal and Ballimaran. In 2014 Lok Sabha election, Bharatiya Janata Party’s Dr Harsh Vardhan had won the Chandni Chowk Lok Sabha constituency with a margin of 1,36,320 votes. Dr Harsh Vardhan had bagged 4,37,938 votes as against Aam Aadmi Party’s Ashutosh who bagged the second spot with 3,01,618 votes. Congress leader Kapil Sibal was pushed to the third spot with 1,76,206 votes. Ramzan, when Muslims observe a total fast, coincided with the polling in Delhi but did not seem to deter voters in the Chandni Chowk area of the old city, save in the early hours. However, as the day progressed, people came out to cast their votes and numbers started increasing in the evening. Around 20 per cent of people living in the area are Muslims. Chandni Chowk is one of the major markets in the city but it wore deserted look on Sunday, when it remains closed. As the polling day fell of a Sunday, this could also account for the lesser numbers, said Mohammad Asif, a trader in Meena Bazar near the Jama Masjid. Meena Jasotani, 47, a resident of Chandni Chowk, said she voted for the development by the Centre. Communal discord also weighed on the mind of several voters.
Alex Dobuzinskis, ReutersA California high school’s decades-old use of an Arab mascot to promote its sports teams has drawn the ire of an Arab-American rights group that says the mascot is an offensive caricature, portraying Arabs with a large nose, beard and head-covering.Coachella Valley High School sports teams are dubbed the “Arabs,” which the American-Arab Anti-Discrimination Committee complained in a letter to the school this month plays on harmful stereotypes.The group, whose leaders say they are not aware of another U.S. school with the nickname Arab, also cited as offensive the school’s logo of an Arab, which it said was displayed in the middle of the basketball court and elsewhere at the school. “It’s a very stereotypical logo of Arabs, it has the angry-looking Arab with the hook nose and the beard,” said Abed Ayoub, director of legal and policy affairs for the group.The controversy over the Arab mascot comes as the use of ethnic team names and mascots has gained new prominence with a campaign this year to pressure the National Football League’s Washington Redskins to change their name. American Indians and others have long pilloried the Redskins moniker as racist.At the Coachella school’s sporting events, a person in an oversized mask dances and entertains the crowd as the mascot.In its letter, the Anti-Discrimination Committee described YouTube videos of half-time shows at Coachella Valley High School sporting events that show the Arab mascot making an appearance while “a female dressed as a belly dancer entertains him.”A Web search by Reuters found a video of the school’s mascot dancing with a belly dancer on a basketball court, in the middle of a circle of cheerleaders.Ayoub said he understands that the school, which opened in 1910 and is located in the arid Coachella Valley town of Thermal, 125 miles southeast of Los Angeles, originally used the Arab mascot as a nod to the region’s date-growing industry, because the date palm is associated with the Middle East.“There is an appropriate way to recognize the ties with Arabs and the Arab community, but this was not it,” Ayoub said.Coachella Valley Unified School District Superintendent Darryl Adams is due to discuss the issue with the local school board later this month, Adams’s interim assistant, Marita Rango, said. Adams was not immediately available to comment.“He just hopes to resolve the issue there with the mascot,” Rango said. “He is working with (the ADC).”Ayoub, whose group was alerted to the existence of the mascot a few weeks ago by a member in New York, said Adams has been receptive to his group’s concerns.