Bipartisan Discussion Highlights GSE Reform, Risk Transfer, Need for More Private Capital

first_img Related Articles Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Bipartisan Discussion Highlights GSE Reform, Risk Transfer, Need for More Private Capital Home / Daily Dose / Bipartisan Discussion Highlights GSE Reform, Risk Transfer, Need for More Private Capital in Daily Dose, Featured, Government, News About Author: Xhevrije West Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: What Overregulation? How Regulation Will Increase Over the Next Decade Next: Fifth Third to Pay $85 Million to Settle Claims of Fraud on FHA-Insured Loans Data Provider Black Knight to Acquire Top of Mind 2 days ago Fannie Mae and Freddie Mac were placed into conservatorship seven years ago, and questions still linger as to how and when to reform the GSEs.The Bipartisan Policy Center hosted a keynote address and panel discussion titled “Housing Fiance Reform: Opportunities and Obstacles of Risk Sharing” on Tuesday.The event highlighted GSE reform and conservatorship, the need for more private capital in the financial system and to transfer risk away from taxpayers and GSEs, focusing on risk sharing, specifically “front-end,” which makes housing finance more sustainable.While the GSEs are experimenting with additional forms of risk sharing, all of them are handled on the back end after the loan is on the GSEs balance sheets.The keynote speakers were Sen. Bob Corker (R-Tennessee), member of the Senate Banking Committee and Sen. Mark Warner (D-Virginia), ranking member of the Senate Securities, Insurance, and Investment Banking Subcommittee.The panel included Laurie Goodman, director of the housing finance policy center at Urban Institute; Mike Fratantoni, chief economist at the Mortgage Bankers Association; Kevin Chavers, managing director at BlackRock; Pat Sinks, CEO of Mortgage Guaranty Insurance Corp.; and Bob Ryan, acting deputy director of the division of conservatorship at the Federal Housing Finance Agency.Nic Retsinas, senior lecturer in real estate at Harvard Business School, moderated the panel.”Some of our wingers are migrating over to this third amendment thing because it makes it easy not to do anything.”—Senator Bob CorkerIn June, a bipartisan group of Senate Banking Committee members wrote a letter to the Federal Housing Finance Agency (FHFA) requesting that the agency expand and provide better transparency of the development of the credit risk transfer programs.These programs shift credit risk from Fannie Mae and Freddie Mac to the private sector, according to a press release.”We supported the direction of the risk sharing language within Title VII of The Financial Regulatory Improvement Act of 2015, and we strongly support the expansion of these transactions, given they provide a vehicle for moving the government out of the first loss position and inform the process for policymakers looking to invite greater private capital into the market,” the senators noted in the letter.“The credit risk transfers are a vehicle for moving the housing market forward by attracting private sector investors, improving access to credit, and reducing taxpayer risk. As such, we ask that you prioritize work with the Enterprises on transactions designed specifically to push out first loss credit risk to the market, and to encourage transparency for investors and the public so that we can all better judge how these transactions impact returns to the Enterprises, costs to the taxpayer, and effects to the health of the broader housing finance system,” the letter stated.Corker cautioned that GSE reform could “be a while and won’t happen in the next year and four months. Some of our wingers are migrating over to this third amendment thing because it makes it easy not to do anything.”The overall consensus of the panelists was that moving forward, the goal should be to strengthen the housing market, build more capital, and enhance credit risk transfers.However, GSE reform could be a lengthy and a difficult issue to overcome as “legislation on this topic remains elusive, the new word for ‘not happening,’” the introductory speaker said.Click here to view a video of the event. Sign up for DS News Daily Tagged with: Bipartisan Policy Center Fannie Mae Freddie Mac GSE Reform Senator Bob Corker Senator Mark Warner 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. The Week Ahead: Nearing the Forbearance Exit 2 days ago October 6, 2015 1,183 Views The Best Markets For Residential Property Investors 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Bipartisan Policy Center Fannie Mae Freddie Mac GSE Reform Senator Bob Corker Senator Mark Warner 2015-10-06 Brian Honea The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

Answers for Skeptics of Jesus

first_imgAs Easter 2019 approaches, here are some resources examining the evidence of Jesus and his resurrection.READY… SET… QUESTIONWilliam James Herath, the leader of Ratio Christi at UCLA, has suggested these three short videos to provide evidence that Jesus Christ really lived, died by crucifixion, and was raised from the dead as told in the Bible:Jesus is not a copy of a pagan myth. Steven Bancarz examines claims that Jesus is just one more myth among many pagan stories about dying gods coming back to life.What is the evidence for the Resurrection? Herath interviews Mike Licona, who examines the possible options for those who claim that Jesus did not really rise from the dead.Can we trust the authenticity of the Bible? Herath shows that we could reconstruct the story of Jesus from extra-Biblical sources.Visit William James Herath’s website ReadySetQuestion.com for other resources that support Biblical faith one question at a time. His ministry shows that Christ followers have confident hope that has been reasonably investigated that gets stronger when tested.ILLUSTRA MEDIAAs mentioned in the previous post, Illustra Media’s “John 10:10 Project” offers numerous short films that provide evidence for faith. The following episodes are especially fitting for Easter:Can the Gospels Be Trusted?How Accurate Are the Gospels?Other Gospels?Who Was Jesus?The Miracles of JesusMessianic PropheciesDeath & ResurrectionThe Empty TombTransformationNow go celebrate Resurrection Sunday with confidence and adoration for the risen Lord! (Visited 565 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Detailed look at the India vs Pakistan World Cup semi-final

first_imgThe India versus Pakistan World Cup match on Wednesday is being billed as the final before the final, having gained elevated status among the billion-plus people in these cricket-obsessed countries. A peek into the numbers -It was already the most discussed match in the World Cup, but it will no longer be just about years of intense rivalry or Sachin Tendulkar’s hundredth international century.Pakistan Prime Minister Yousuf Raza Gilani will attend after a direct invitation from his Indian counterpart Manmohan Singh, giving the match a new diplomatic significance.In a cricket sense alone both sides will be under massive pressure. It is the first time they have met in the semifinal of the World Cup, though they met in the 1996 quarterfinal in Bangalore, which India won by 39 runs.This is the first head-to-head match since July 2008 which has taken place on the home soil of one of the teams. On that occasion Pakistan beat India by eight wickets in Karachi in the Asia Cup.Mohali is the border state of Punjab and this will be the closest Pakistan have been to a home game since March 2009, when the terrorist attack on the Sri Lankan team’s convey en route to a test match at Lahore led to the end of teams touring Pakistan for the foreseeable future.Master Blaster Sachin TendulkarThe teams have only met four times in nine previous World Cups and India have won all four games convincingly. Sachin Tendulkar has played in all four of these encounters, scoring 54 not out, 31, 45 and 98.In 1992 in Sydney, India won by 43 runs after Pakistan lost their last eight wickets for 68 runs. In a highly-charged match Indian wicketkeeper Kiran More made a frenzied appeal for a legside catch off Javed Miandad – Javed mocked him by leaping up and down. Tendulkar was man of the match for an unbeaten 54 and 1-37.advertisementIn 1996 in Bangalore India won the quarterfinal by 39 runs. Navjot Singh Sidhu made 93 out of 287-8. In Pakistan, crowds burned an effigy of Wasim Akram even though had not played in the game because of injury. It was Miandad’s final match. While announcing his retirement he took the opportunity to denounce the team management.In 1999 India won the Super Six match by 47 runs at Old Trafford amid high security because of the tense situation in Kashmir. India scored 227-6. Pakistan made 180 off 45.3 overs with Venkatesh Prasad taking 5-27.In 2003 India won by six wickets at Centurion. Pakistan made 273-7, with Saeed Anwar scoring 101. India reached 276-4 in 45.4 overs and Tendulkar was man-of-the-match for his 98 off 75 balls, laying into Shoaib Akhtar’s bowling despite struggling with cramp.HEAD TO HEAD ODIs: Played 119; India 46, Pakistan 69, NR 4In India: Played 26; India 9, Pakistan 17In World Cup: Played 4; India 4, Pakistan 0At Mohali: Played 2; Pakistan 2– In April 1999 Pakistan won by seven wickets in Mohali after bowling India out for 196. It was Virender Sehwag’s debut match and he batted at No. 7. Saqlain Mushtaq took 3-49 and Shoaib 2-18. From 34-3 Ijaz Ahmed and Inzamam-ul-Haq added an unbeaten 163 after Prasad had dismissed the top three batsmen.– On Nov. 8, 2007, Pakistan won by four wickets. India made 321-9, with Tendulkar out for 99 after edging Umar Gul to the keeper. Pakistan overhauled India’s total with a ball to spare with Younis Khan making 117 and Shahid Afridi hitting the winning run. The 322-6 is still Pakistan’s highest score batting second to win an ODI.– India have played nine games at the Punjab Cricket Association ground at Mohali, winning five and losing four, including two to Pakistan. Of the eight floodlit games, India has won four and lost four.– Pakistan has played six games here, all under lights, won two and lost four. Pakistan has batted second every time. Afridi has played in all six matches, spanning more than 10 years.– Overall 18 ODI’s have been staged at the PCA Ground. Of the fifteen that were floodlit matches, 10 have been won by the side batting first and the average first innings score is 253.– The two matches played here in this World Cup were both day games and the results went to form with South Africa beating the Netherlands and West Indies beating Ireland.– Once again all eyes will be on Sachin. He scored 53 in the quarterfinal win over Australia as a nation watched hoping he would reach his 100th international hundred. Will he make it against Pakistan? He has 32,710 international runs at 49.71 from 629 matches, with 99 hundreds, 153 fifties and 34 ducks.– He is the first batsman to cross the 18,000 run barrier, his 18,008 coming at 45.13 with 48 centuries and 94 half centuries. His average against Pakistan is lower at 39.16 and he has five hundreds and five ducks against them.advertisement– Afridi is the leading wicket-taker in the tournament with 21 at 10.71, including two five-wicket hauls. He has taken a wicket every 18 balls and his economy rate is 3.49 in his seven matches. Afridi has 313 ODI wickets and is the third leading wicket-taker for Pakistan. This will be his 300th ODI innings and he will become the ninth player to pass that mark, the second for Pakistan after Inzamam-ul-Haq. His batting has been a disappointment in this tournament, with just 65 runs off 50 balls in six innings, with a top score of 20 against Canada.– India have asked for eleven umpire decision referrals, resulting in two decisions being changed. Pakistan have asked for 19 reviews, seven of which were lbw appeals by Afridi. In total five of the 19 were successfully overturned, including two in Afridi’s favour. Simon Taufel and Ian Gould are the on-field umpires. Taufel has changed one of his seven decisions that were referred to the TV umpire, whereas Gould has had all six confirmed on review.STAT ATTACK India opener Virender SehwagVirender Sehwag needs two for 1,000 runs against Pakistan.Mahendra Singh Dhoni needs 24 for 1,000 runs against Pakistan and 67 for 6,000 runs.Gautam Gambhir needs 51 for 4,000 runs.Kamran Akmal needs 95 for 3,000 runs.Misbah-ul-Haq needs 51 for 2,000.Saeed Ajmal needs three wickets for 50 and Shoaib Akhtar needs three wickets for 250.Glenn McGrath holds the record for most wickets in a tournament with 26 in 2006-07. In this tournament Shahid Afridi has 21 and Zaheer Khan 17.last_img read more