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

The Revivalists Perform “All My Friends” For ‘The Late Show With Stephen Colbert’ [Watch]

first_imgLast night, The Revivalists stopped by The Late Show with Stephen Colbert, serving as the night’s musical guest. Led by frontman David Shaw, The Revivalists worked through a take on their recently released “All My Friends”, one of two tracks that the band has premiered leading up to their forthcoming album release.After much speculation, last month The Revivalists finally announced their brand-new and long-awaited studio album, which is titled Take Good Care and due out on November 9th via Loma Vista Recordings. The New Orleans-based band first broke the news to fans during the group’s sold-out show at the iconic Red Rocks Amphitheatre last month, who had been eagerly awaiting a follow-up to 2015’s Men Amongst Mountains.Watch The Revivalists’ performance of “All My Friends” on The Late Show with Stephen Colbert below:The Revivalists – “All My Friends” – 10/18/2018[Video: The Late Show with Stephen Colbert]The Revivalists’ upcoming 14-track LP is currently available for pre-order, in addition to instant downloads of hit single “All My Friends” and fan-favorite live staple “You And I” off the forthcoming Take Good Care. For more information about Take Good Care or for ticketing, head to the band’s website here.Take Good Care Tracklist:1. Otherside2. All My Friends3. Change4. Got Love5. Next To You6. You Said It All7. Oh No8. You and I9. Hate To Love You10. Future11. When I’m With You12. Celebration13. Some People Say14. Shoot You DownView All Trackslast_img read more

Softball: Jenkins finds her power for Wisconsin in freshman season

first_imgWhile this season has not proved as triumphant as last year for the Wisconsin softball team, the Badgers have many reasons to be optimistic about their future.The biggest reason, however, is freshman Kelsey Jenkins.After losing four key seniors from last year’s team that recorded the second-most wins in school history, the 2015 Badgers have had to rely on multiple freshman to take on big roles — with Jenkins carrying possibly the heaviest load of them all.The freshman third baseman has emerged as one of the team’s most dangerous hitters and has had a stellar first season at the plate thus far, hitting for a .322 batting average and leading the team in home runs with two.As good as she has been all season, she has been even better as of late. Jenkins was red hot last week against Green Bay and Illinois, hitting .500 with two home runs and nine RBIs over five games.Following her hot hitting, Jenkins moved from second to cleanup in the batting order. Jenkins said that the move was a big confidence booster, but felt weird at first because she was never a power hitter in high school.“I’ve never really hit fourth batter before,” Jenkins said. “It’s kind of like a confidence booster to stick a little five-five freshman in the four-hole and think that she’s going to do something. It’s been fun transforming into a power hitter.”Wisconsin head coach Yvette Healy spoke earlier this week of how impressed she’s been by Jenkins and how much potential for greatness the Tucson, Arizona native has.“She is really coming along,” Healy said. “This weekend at Illinois she had a couple of home runs and she has really been on a tear the month of April — knock on wood — but it has been fun to see her come along and come into her own, and I think she is going to break a lot of offensive records.”Healy also noted that when she recruited Jenkins out of Arizona, she was drawn to her eye at the plate in addition to her slugging ability.Jenkins leads the team with 36 walks this season, 11 more than Chloe Miller, who is second on the team with 25 walks.“She just looked like a freshman that knew how to take a lot of walks early in the season,” Healy said of Jenkins. “She has got a great eye.”Jenkins said Healy and assistant coach Randy Schneider’s positive coaching style played a big role in her decision to go across the country to come play softball at Wisconsin.“Coach Healy and Coach Schneider are so positive and fun, and it’s great to play under coaches who always believe that you’re the best player,” Jenkins said. “They’re always chanting like, ‘Come on! You’re the best! You’re the best!’ and it’s very positive hearing that when you step in the batter’s box.”Jenkins is also fortunate to have senior star outfielder Marissa Mersch as a teammate who she can learn from. Mersch, who is second on the team this year in RBIs and batting average, was a large contributor as a freshman as well.Back in 2012, Mersch started 32 games for the Badgers, stealing seven bases and tying for first in triples in Big Ten single-season play.According to Mersch, the biggest difference she noticed between high school and college games was how much work was needed in order to be successful.“Coming in freshman year is a lot different than high school ball and travel ball,” Mersch said. “You have to put a lot more work into it, doing film, meeting with coaches, doing all those extra things.”However, if anyone can handle that transition, Mersch believes it’s Jenkins. Mersch agrees with her coach, saying that Jenkins has what it takes to be special.“Kelsey is swinging a really hot bat and I’m really proud of her,” Mersch said. “Everything is mental and she has so much potential, and I know she’s going to do great things at Wisconsin.”As Jenkins continues to draw high expectations, the grounded freshman is still concerned about improving at “the little things,” which would explain why one of her goals this season is to bunt for a hit at least once.While she’s is still aiming to master a bunt, it’s safe to say that she has certainly gotten the whole college softball thing down pretty quickly.last_img read more

NBA playoffs 2019/Raptors vs. 76ers: 3 things that could decide the series

first_img NBA playoffs 2019: Joel Embiid says 76ers ‘can win it all’ NBA playoffs 2019: Updated odds to win the championship Philadelphia forward Mike Scott also could be limited as he left Game 5 against the Nets with a bruised foot and did not return.The Raptors, on the other hand, can rely on their backups — including Fred VanVleet and Serge Ibaka — for long stretches, which could present a problem for Philadelphia. Two of the top teams in the NBA will face off in the Eastern Conference semifinals.The Raptors have been considered title contenders since they acquired Kawhi Leonard last summer. They met expectations all season long and advanced into the second round by topping the Magic in a five-game series.center_img Here are three things that could decide the series between Toronto and Philadelphia.Joel Embiid’s healthJoel Embiid’s health continues to be in question.Embiid missed five of the team’s last seven regular-season games, dealt with knee soreness throughout the series against Brooklyn and was even held out of Philadelphia’s Game 3 win.The 25-year-old, however, excelled on both ends in the final two matchups of the first round to help Philadelphia advance.”We are the recipient of Jo trying to inch along slowly and buy time,” Sixers coach Brett Brown said earlier this month (via The Philly Voice). “You win a game, two more days, you win a game, three more days, you might drop one, four more days. How do you deliver him responsibly to a later date in ultimately what you hope will be a deep playoff run?”It’s not as clear cut as you thought it would be on ‘how do you maintain a fitness base and still get his knee rest?’ What do we do to help him most now? I believe a solid plan is in place that can deliver him responsibly, incrementally to later dates.”The 76ers will certainly need their center in the lineup and consistently on the court against the Raptors.The play of the starsBoth teams in this series feature multiple All-Stars.  The Raptors are led by the two-headed attack of Leonard and Kyle Lowry. Forward Pascal Siakam had a breakout season for Toronto while the team improved its frontline by acquiring Marc Gasol in a February deal with the Grizzlies.The 76ers offense is powered by Embiid and fellow young star Ben Simmons. Philadelphia also made a pair of in-season additions, trading for Jimmy Butler and Tobias Harris in preparation for the playoffs.The stars in this series will determine which team advances to the conference finals.The 76ers’ lack of depthPhiladelphia has a thin bench.The 76ers did not have a deep rotation to begin the season, and their second unit was depleted even further after they were forced to send away multiple key role-players in the deals that brought in Butler as well as Harris. Meanwhile, the 76ers have arguably the best starting lineup in basketball. They appeared to be in trouble after they dropped their first playoff game to the Nets but rebounded with four straight victories to move on.Toronto came away with wins three of the four times the teams met in the regular season. Related Newslast_img read more