FHFA Allows for Third Parties to Solve Loan Repurchase Disputes Fannie Mae FHFA Freddie Mac Loan Repurchases 2016-02-02 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago February 2, 2016 1,337 Views Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago Tagged with: Fannie Mae FHFA Freddie Mac Loan Repurchases The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Xhevrije West The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. Share Save Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / FHFA Allows for Third Parties to Solve Loan Repurchase Disputes Previous: Kentucky Amends Foreclosure Sale Rules Next: Counsel’s Corner: HOA Super-Priority Lien Issue Not as Clear After Court Opinion Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News, Secondary Market The Federal Housing Finance Agency (FHFA), Fannie Mae, and Freddie Mac announced Tuesday the establishment of an independent dispute resolution (IDR) process for solving mortgage repurchase disputes.In 2012, FHFA, Fannie Mae, and Freddie Mac made the representation and warranty framework a priority to complete in the conservatorship scorecards, the announcement noted. The 2016 scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions provided direction to complete IDR as part of that framework.”The IDR process provides the Enterprises and lenders a mechanism for resolving a repurchase dispute and avoiding the possibility that a dispute might languish unresolved for an extended period of time as has often occurred in the past,” said Melvin L. Watt, FHFA Director. “IDR is the final part of the Representation and Warranty Framework which, taken as a whole, will increase clarity for lenders and will ultimately increase access to mortgages for creditworthy borrowers.”The IDR portion of the framework is designed to allow lenders to escalate unresolved loan level disputes to a neutral third-party arbitrator after the appeal and escalation processes have been exhausted, the announcements said.”The IDR process is specifically designed to address alleged loan-level breaches of selling representations or warranties that remain unresolved after completion of the appeals process,” Fannie Mae and Freddie Mac noted. “The IDR process will not replace the Government Sponsored Enterprises’ current quality control and related appeal processes, but will allow a neutral third party to resolve demands that remain unresolved after the appeal and escalation processes have been exhausted.”According to the FHFA, Fannie, and Freddie, the IDR process is available on loans delivered to Fannie Mae and Freddie Mac on or after January 1, 2016. More information will be provided in the GSEs’ selling guide later this year.”The IDR process provides the Enterprises and lenders a mechanism for resolving a repurchase dispute and avoiding the possibility that a dispute might languish unresolved for an extended period of time as has often occurred in the past.” Mel Watt, FHFA DirectorAndrew Bon Salle, EVP, Single-Family Business at Fannie Mae stated, “Over the last few years, we’ve worked closely with our customers to help clarify our policies and guidelines related to representations and warranties. Our intention has been to ensure lenders can lend with confidence knowing that if they originated to Fannie Mae guidelines their risk of repurchase has been minimized. Many lenders have told us that our efforts are paying off, and that they are more comfortable lending to the full credit box of our guidelines. This latest step provides a clear, reliable and independent process to resolve disagreements over repurchase requests in a timely fashion when needed. We believe we’ve created a system that addresses our customers’ concerns. We’ll continue to work closely with our customers to drive simplicity and certainty in all aspects of our business.””Today’s announcement finishes a four-year process to give our lenders a simpler, clearer, and more certain representations and warranties framework for originations,” said Donna Corley, SVP, Division Chief Risk Officer, Single-Family at Freddie Mac. “The final piece is a new independent dispute resolution (IDR) process for handling alleged loan-level breaches of selling representations or warranties that are unresolved after completing our appeals process. This process empowers lenders to refer these disputes to a neutral third party for a final decision. The transformation of the representation and warranties framework was undertaken at the direction of the Federal Housing Finance Agency to Freddie Mac and Fannie Mae. Today’s announcement underscores the steady fulfillment of our commitment to work with all stakeholders to strengthen America’s mortgage finance system.””I applaud the Federal Housing Finance Agency, Fannie Mae, and Freddie Mac for their effort in establishing another important piece to their representation and warranty framework,” said Ed Delgado, President and CEO of The Five Star Institute. “The implementation of an independent dispute resolution process for resolving repurchase disputes within Fannie Mae and Freddie Mac will be a tremendous help to lenders in the mortgage industry and will increase access to credit for borrowers. I strongly support these government agencies’ actions to further expand lenders’ businesses and boost homeownership in the U.S.”Click here to view the FHFA announcement.Click here to view Fannie Mae’s announcement.Click here to view Freddie Mac’s announcement.Editor’s note: The Five Star Institute is the parent company of DS News and DSNews.com.
3 – Sri Lanka become only the third team in history to win a series in Australia. Ever since the country was readmitted in 1992, only Australia and England have won series in the country. Australia has won five times while England has won thrice.2 – Sri Lanka became only the second Asian side to ever win a Test match in Port Elizabeth. Pakistan had won in 2007 and this was South Africa’s first loss at the venue in 11 years.3 – Number of Tests won by Sri Lanka in South Africa, making it the joint third-most among visiting nations. England have won 31 Tests while Australia has won 29. India and New Zealand has won three games apiece.2 – This is the second time since readmission that South Africa has lost two consecutive Test matches at home. Australia has done it thrice in 1997, 2002 and 2006 while Sri Lanka achieved it in 2019. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. Sri Lanka won a Test series in South Africa for the first time.Sri Lanka are the first Asian nation to win a series in South Africa.Sri Lanka are the second team after Australia to win two back-to-back Tests in South Africa. highlights New Delhi: Sri Lanka were whitewashed 3-0 at home against England. They had not won a single match in all formats in New Zealand and were hammered 2-0 against Australia in the Tests. They headed to South Africa, a nation where no Asian nation had won in history. India, with their star power and with Virat Kohli in prime form, had failed to win a Test series in South Africa in 2018. Pakistan, with their fast bowling resources, were whitewashed 3-0 in 2018/19. Sri Lanka were had won only one Test in 19 years of touring Sri Lanka and many expected that Sri Lanka would fall by the wayside against the No.2 ranked side.However, in a stunning reversal, Kusal Perera’s inspired 153 and a record-breaking stand of 78 for the final wicket with Vishwa Fernando helped Sri Lanka secure their highest-ever chase outside the sub-continent. The win for Sri Lanka in Durban was their second in the country, having won at the same venue in 2011. In the Port Elizabeth Test, South Africa secured a 68-run lead but Sri Lanka staged a great fightback as the hosts lost eight wickets for 77 runs to give the visitors a target of 197. Oshada Fernando and Kusal Mendis slammed fifties and Sri Lanka secured history. Here is the list of statistical records created by Sri Lanka in the process of their win.1 – Sri Lanka become the first Asian team to ever win a series in South Africa. India, Pakistan and Bangladesh has never won a Test series against the Proteas in South Africa.
Filipe Luis, John Mikel Obi and Andre Schurrle have been included in the Chelsea starting line-up at Southampton, whose captain Jose Fonte returns from suspension.Chelsea’s Ryan Bertrand cannot play against the Blues under the terms of his loan deal so he has been replaced at left-back by youngster Matthew Targett. Southampton: Forster, Yoshida, Fonte, Alderweireld, Targett, Wanyama, Schneiderlin, S Davis, Tadić, Mané, Pellè.Subs: K. Davis, Gardos, Long, Ward-Prowse, Isgrove, Reed, McCarthy. Chelsea: Courtois; Ivanovic, Cahill, Terry, Filipe Luis; Matic, Mikel; Schurrle, Fabregas, Hazard; Costa.Subs: Cech, Zouma, Azpilicueta, Ramires, Willian, Remy, Drogba.Follow West London Sport on TwitterFind us on Facebook
How Intelligent Design Explains What Evolutionary Theory Missesby Randy J. Guliuzza, P.E., M.D.Communication seems to be a basic element of all ecological relationships. Humans and animals communicate amongst each other in many ways—even when they do not share a common language. Interesting new research out of the Netherlands Institute of Ecology (NIOO-KNAW) documents that communication even occurs between different kinds of micro-organisms. They have discovered some of the system elements showing how some bacteria and fungi utilize volatile organic compounds (VOCs), known as terpenes (7/23/16), as a medium to convey communication between each other. This discovery formed the basis of NIOO’s surprising press release headline, “The world’s most spoken language is…Terpene.”Research leader Paolina Garbeva’s team discovered that a soil-dwelling bacterium, Serratia plymuthica PRI-2C, responds by becoming motile and producing a terpene of its own, sodorifen, when exposed to VOCs emitted by the fungus Fusarium culmorum. The world’s most spoken language is…Terpene. Micro-organisms communicate with each other – and the rest of the world – through smells.—NIOO press releaseMicroorganisms in soil appear capable of sensing changes in ratios of VOCs in their environment, and then self-adjust appropriately. Previous studies confirmed that VOCs are used as signaling molecules (a.k.a. “infochemicals”) for inter-species microbial communications. The research team investigated how VOCs are “perceived as signals” within microorganism relationships and then identify the regulatory genes and pathways involved in a response. The rhizosphere isolate S. plymuthica was grown either exposed or unexposed to VOCs emitted by F. culmorum. The bacterial transcriptome and proteome were analyzed under each situation to identify the molecular basis of the bacterial response to fungal VOCs.Using sophisticated biomolecular sequencers and sensors, they found S. plymuthica differentially expressed genes and proteins related to chemotaxis, motility, signal transduction, energy metabolism, the cell envelope, the terpene sodorifen, and several others. The production of sodorifen is likewise detected by F. culmorum and is “involved in this bacterial-fungal conversation.”The experiment is well-designed and the team employed impressive techniques to accurately isolate their results. Therefore, they conclude that “fungal volatile compounds induce production of” these differentially expressed compounds in S. plymuthica.What Needs ExplainingBut, have they arrived at a precise conclusion? Can a fungus really “induce” the expression of anything out of a bacterium given that the fungus has no access to the bacterium’s regulating elements controlling its gene products? The conclusion is misleading despite using rigorous techniques because key system elements that need to be identified or described to present a complete and accurate conclusion are omitted from their explanations. Their omissions are not uncommon in evolutionary scientific literature because the functions of organisms are not analyzed as if they were intelligently designed.The researchers observe a ubiquitous phenomenon that needs explaining: “interactions and communication among organisms are central to understanding any ecosystem. The essential role of volatile organic compounds (VOCs) in the communication with other organisms, also known as infochemicals, has been acknowledged for more than 30 years”. How can two distinct independent entities actually work together? Why is a chemical compound produced by one entity “information” or “perceived as signals” to another entity? Typically, a completely unsubstantiated narrative, “coevolution,” is inserted to plug the knowledge gap.The Nature of an InterfaceHowever, in order for two distinct independent entities to work together, they must be connected by an interface system. That some interface or bridging mechanism is an absolute for any interactions and communication to happen was recently reported in the Creation Research Society Quarterly.  Though they do not discuss any of the elements, in Schmidt’s report, both the fungus and the bacterium must have an interface with three indispensable interface elements:Authentication mechanisms to differentiate self and non-self entities.Protocol rules and processes governing exchanges of information and resources.A common medium of conditions mutually accessible to both entities.These three well-matched elements constitute the minimal interacting parts needed to attain the basic function of an interface. Removal of any one of the parts causes an interface system to effectively cease functioning.Thus, the control of self is always through its own innate systems. The result is self-adjustments upon detection of changed conditions (either internal or external.) Therefore, control of S. plymuthica when exposed or unexposed to VOCs emitted by F. culmorum is not by violating the distinct boundaries of S. plymuthica and directly manipulating its systems. F. culmorum produces a product, in this case VOCs, which is released into the environment (the common medium with S. plymuthica.) Protocols within S. plymuthica have specified these VOCs to be a stimulus, and on its external boundary is has a detector specific for those VOCs, while other protocols specify how to self-adjust the expression of its gene products. S. plymuthica becomes motile and produces a terpene of its own, sodorifen, which it releases into the common medium detected by F. culmorum—which it has specified to be a stimulus, augmented with the necessary specified sensor, and also self-adjusts according to its internal protocols—enabling this “bacterial-fungal conversation.”Can an Interface Evolve?Interfaces are hard to explain through an iterative process of death and survival, since the information within each entity functions in a way to foresee the outcome desired for each entity that will result from the relationship. These outcomes are a particular and necessary consequential end product of its own internal processes which start after it detects specific conditions (i.e., specified stimuli) by another non-self system. When Schmidt concludes that “fungal volatile compounds induce production of…”, she mistakenly moves from an exposure to a response—and skips all the vital system elements in between which actually explain how the conversation can happen.Schmidt, R. et al. 2017. Fungal volatile compounds induce production of the secondary metabolite Sodorifen in Serratia plymuthica PRI-2C. Scientific Reports. 7(862): 1-14. DOI:10.1038/s41598-017-00893-3 ]Guliuzza, R. J. and F. Sherwin, 2016. Design Analysis Suggests That Our “Immune” System Is Better Understood as a Microbe Interface System. Creation Research Society Quarterly. 53 (2):27-43.The conclusions from the research by Schmidt et al could have been better informed through an understanding of intelligent design. In human-designed entities, 100% of functional causality originates from within the object designed. When seeking to discern the true cause for the interplay of elements found between organisms, intelligent design methodology describes all, but only tangible, system elements. By neither omitting nor concocting anything that might confuse accuracy, intelligent design methodology helps prevent biological causality from being mis-ascribed to mystical expressions of environmental agency producing an unsubstantiated outcome such as coevolution.Dr. Randy Guliuzza is National Representative for theInstitute for Creation Research (ICR). See his Author Profile. (Visited 364 times, 1 visits today)FacebookTwitterPinterestSave分享0
6.8k Resistor$0.18 Small & Medium Wood Screws$5 Cold Shoe Extension Bar$20 Sheet of Plexiglass$19 Magnet Wire$16 $203 1 Sheet of 18mm MDF$32 Switch$2 12 AWG Wire$7 Learn how to create a DIY LED panel in this extensive video tutorial.When we come across a DIY video tutorial about how to create filmmaking gear, we’re usually a bit skeptical. How hard is to create? Is it practical? Will it actually last? The following DIY lighting tutorial excels on all levels.LEDs are increasingly in popularity – and in the following video tutorial by DIY Perks you’ll learn how to create a 1000 watt dimmable DIY version with inexpensive parts.Parts Needed for DIY LED Light TOTAL Set of XT 60 Connectors$4.49 5m ‘Natural White’ 5050 LED Strips (x3)$60 Aluminum Tube or Wooden Dowel (x2)$2 Now I know what you’re thinking, “$200 bucks, that’s a lot of money for a DIY project.” Considering a cheap LED panel goes for about $600 you actually have the potential to save a lot of cash.This tutorial was first shared by DIY Perks on their YouTube channel. Thanks for sharing guys! Want to see more DIY filmmaking tutorials? Check out the DIY Section of the PremiumBeat blog.Have any DIY tutorials you would like to share?Let us know in the comments below. 22k Potentiometer and Knob$6 A Small Fan$5 Step Down Voltage Regulator$5 1 Sheet of 6mm MDF$20
Virat Kohli’s fine half-century and Irfan Pathan’s opening spell helped India beat Sri Lanka by 39 runs in the one-off Twenty20 International played in Pallekele on Tuesday.Riding on Kohli’s well-crafted 68, the Indians managed to put up a respectable 155 for three. In reply, Sri Lanka were bundled out for 116 in 18 overs, largely due to Pathan (3/27) and career-best effort of four for 19 by Ashok Dinda.Pathan bowled a fine opening spell as he dismissed Tillekaratne Dilshan (0), Upul Tharanga (5) and the dangerous Mahela Jayawardene (26, 5×4) during his first spell of three overs. If Pathan ran through the top-order, Dinda cleaned up the lower order, taking the last three wickets without conceding a run.Aided by condition that helped seamers, Pathan repeatedly swung the ball back into the right handers as he induced Dilshan into playing across the line and getting him castled in the process.Left-hander Tharanga got a ball that swung away from him as he went for a drive only to offer a simple catch to first slip.Jayawardene, who hit Umesh Yadav for four boundaries in an over, got one from Pathan that came back to hit him on the pads. The Lankan skipper wasn’t happy as he felt that the delivery might have been missing the leg-stump.At 35 for three, Lahiru Thirimanne (20) and Angelo Mathews (31) joined hands to add 33 runs before Ravichandran Ashwin dismissed the former who went for an ambitious reverse sweep. At 68 for four, things looked ominous for the islanders.Mathews edged one to Dhoni off Dinda and Jeevan Mendis hit one from Yadav straight to Rahane at covers. At 100 for six, the Lankans could hardly do anything better than wait for the inevitable.advertisement
Five stories in the news for Tuesday, May 22———NOTLEY SKIPPING WESTERN PREMIERS CONFERENCEThere won’t be any fireworks between the premiers of Alberta and British Columbia at the Western premiers conference this week, because Alberta Premier Rachel Notley isn’t going. B.C.’s John Horgan and Notley, who have butted heads over the Trans Mountain pipeline project, were both scheduled to be in Yellowknife at the conference, which will host an event tonight before the premiers get down to business on Wednesday.———CANADIANS STUCK IN CUBA HEADING HOMEA Montreal travel agency says hundreds of Canadians who were stuck in Cuba since a plane crash last week are returning home. Caribe Sol says Cubana Airlines has resumed operations after the passenger jet crash on Friday killed 111 people. The agency says 346 tourists who booked through Caribe Sol would be flown back to Canada Monday and Tuesday. It said some other passengers had already returned home on other airlines.———MOST RESIDENTS IN B.C.’S BOUNDARY REGION CAN GO HOMEMost residents in British Columbia’s Boundary region who were forced out of their homes by flooding are now free to return home. The Regional District of Kootenay Boundary says evacuation orders have been lifted for about 1,400 properties. Emergency operations centre co-ordinator Chris Marsh said evacuation orders have been downgraded to evacuation alerts as a precaution.———WESTJET BACK AT TABLE WITH PILOTSWestJet Airlines says it is confident that an agreement will be reached with its pilots as negotiations continue this week. The Calgary-based airline’s pilots have had the legal right to commence job action since Saturday, but said they wouldn’t disrupt travel plans over the Victoria Day long weekend. The Air Line Pilots Association says its will return to the bargaining table in Halifax this week.———CANADA’S G7 AID GOAL: WOOING PRIVATE CAPITALWhen G7 finance and international development ministers convene in British Columbia next week, Canada hopes the meetings will generate fresh ideas on how aid money can be leveraged to entice the private sector to boost investments in poorer parts of the world. The challenging search for solutions will take place in Whistler, where finance and international development ministers will gather together for the first time at formal G7 meetings.———ALSO IN THE NEWS TODAY:— Statistics Canada will release the wholesale trade figures for March.— NDP MP Charlie Angus holds a news conference to launch his campaign for a National Suicide Prevention Action Plan.— Conservative Party Leader Andrew Scheer is the keynote speaker at The Mayor’s Breakfast Series in Ottawa.— Sentencing hearing in Halifax today for two key players in a disgraced e-learning company.— Halifax police Const. Laurence Gary Basso to appear in court on charges that include assault causing bodily harm.— Bashir Makhtal, a Canadian imprisoned in Ethiopia for 11 years, addresses media in Ottawa about his ordeal.