SEC Seeks Commentary on Disclosure Rules and RMBS

first_img Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago October 31, 2019 931 Views  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Previous: GSE Quarterly Results: An Important Step Toward Privatization Next: Debt and the Widening Black Homeownership Gap 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 Best Markets For Residential Property Investors 2 days agocenter_img Subscribe Tagged with: mortgage RMBS Securities Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Home / Daily Dose / SEC Seeks Commentary on Disclosure Rules and RMBS The Best Markets For Residential Property Investors 2 days ago The U.S. Securities and Exchange Commission (SEC) is seeking feedback on disclosure rules regarding SEC-registered residential mortgage-backed securities (RMBS). Reuters reports that the (SEC) wants to know if disclosure rules are discouraging RMBS issuance.SEC Chairman Jay Clayton said that he had asked agency officials to review SEC disclosure requirements for RMBS introduced in 2014 in a bid to revitalize offerings for these products and help boost capital formation in the housing market.According to Reuters, with the future privatization of Frannie Mae and Freddie Mac, the RMBS market will likely shrink and decrease funding available for home loans without changes.“Potential issuers of SEC-registered RMBS have expressed concerns regarding the scope and interpretation of disclosure requirements,” Clayton said in a statement. “In light of the absence of SEC-registered RMBS offerings, I have asked SEC staff to review our RMBS asset-level disclosure requirements with an eye toward facilitating SEC-registered offerings.”The review was recommended by the U.S. Treasury Department in its blueprint for removing the GSEs from conservatorship. The SEC said it was seeking comment on, among other issues, whether the SEC should implement a “provide-or-explain regime,” which would allow an issuer to omit any asset-level data point, as long as the issuer identifies the omitted field and explains why it cannot provide the information.According to the American Enterprise Institute, the non-QM market is the fastest-growing segment of non-agency residential mortgage-backed securities in the U.S., despite still being a relatively small slice of the pie. The non-QM market is on track to double, or even triple, last year’s securitization issuance within this year.S&P found that there have been 20 odd transactions year-to-date, totaling over $6 billion in issuance, which is already almost double 2017’s full-year volume. S&P also notes that, when compared to other RMBS categories, non-QMs have prepaid quicker, often soon after loan origination. The report found a conditional prepayment rate (CPR) 35%. About Author: Seth Welborn SEC Seeks Commentary on Disclosure Rules and RMBS mortgage RMBS Securities 2019-10-31 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Police Arrest Man Accused of Killing Dog, Smashing Girlfriend’s Car with Sledgehammer

first_imgA Lauderhill man who is accused of using a sledgehammer to smash his girlfriend’s car and then kill a dog is now behind bars in Broward County.Police arrested 33-year-old Darrien Gyrone Green late last week. Court records show that he is facing charges of animal cruelty causing death, robbery with a weapon, aggravated assault, and probation violations for prior stalking charges.The arrest affidavit states that Lauderhill police responded to the 700 block of Northwest 34th Avenue just before 6:30 p.m. on February 1.That is when Nikia Gethers-Ponder told them that Green, the father of her child, had shattered the windows of her BMW, but she did not want to discuss it with them any further.According to the affidavit, two other women were walking their dogs in the area at the time of the incident and heard the sound of banging. They saw a man, who was later identified as Green, smashing a car and then running past them while holding the sledgehammer.As one of the women took a photograph of Green with her phone, he approached her and shouted, “You taking pictures of me?” That is when Green reportedly raised the hammer above his head in a threatening manner and took away her phone.The other woman’s two-year-old female Yorkie/Poodle mix started barking, and Green struck the dog with the sledgehammer before running away, the affidavit states.The dog was gasping for air and bleeding from its mouth. Police say the pet was dead by the time it arrived at Coral Springs Animal Hospital.Although officers set up a perimeter around the area, they were unable to find Green at the time. He was arrested last Friday at a house in the 2300 block of Northwest 15th Street in Fort Lauderdale.Green was ordered held without bond in the Broward County Jail during his first court appearance.last_img read more

Volleyball looks to continue win streak

first_imgJunior outside hitter Khalia Lanier (left) and junior middle blocker Jasmine Gross (right) put up a consistent block against UCLA last Wednesday night at Galen Center. (Sinead Chang | Daily Trojan)Heading into another full weekend of games, the women’s volleyball team looks to keep its five-game win streak alive as it travels up north to face No. 2 Stanford on Friday  and Cal on Sunday. Coming off a hard-fought, five-set victory Sunday against Colorado, the team is striving to improve consistency on the court and to capitalize on standardizing their strong moments.“I thought we prepared well for Colorado and I thought we started well against [them], but it was an up and down match for sure,” head coach Brent Crouch said. “The big takeaway was just I was proud that they were able to flip it back on when they needed to. That was a tough place to play.”USC has already faced and defeated five of seven ranked opponents this year, but Stanford comes with a strong history. In the team’s last meeting, the Cardinal finished the game in a quick three sets, but the Trojans are looking for redemption. “I think [our] team has developed a little,” senior libero Victoria Garrick said. “I wouldn’t call it a rivalry, but we definitely all know we are coming to play because we know that regardless of ranking, each team has a chance. We really want to go into Maples this year and feel good about what we’re doing and put up a good fight.”The Trojans have been preparing for this weekend by watching footage, focusing on both their mistakes and plays that came together to earn points. Their focus is less about their record and more about if they as a team are improving. By the end of season, they want to be able to say they have come a long way. So far, they already feel that sense of improvement, but are not satisfied yet and Crouch is always encouraging them to push themselves.Stanford’s junior setter Jenna Gray is averaging 12.21 assists per game compared to USC freshman setter Raquel Lázaro’s 11.14. Cal presents its own challenges in sophomore outside hitter Mima Mirkovic, who averages 3.12 kills and 3.63 digs per game. However, Garrick, who is averaging 4.70 digs a game, is prepared to defend.“We’re not in control of the score, but we are in control of how we can play and what we do,” Crouch said. “There have been times when I have really gotten on them in timeouts when we’ve been ahead by a lot because I think the level is not as good as we need to be. It gets easy to get caught up in the wins and losses and it’s hard to stay focused on if we’re getting better, [and if we are] doing the right things.”Though they know that Stanford is the game they need to focus on because of their ranking. But, the Women of Troy are not counting out the Golden Bears.“I think the Cal match will be a really big test for us,” Crouch said. “How do we come out after being on the road for that long after what it’s going to be like at Stanford? Can we maintain that same level of intensity against Cal that we do against Stanford?”The Women of Troy have set goals for both matches, and they will look to extend their win streak to seven games by the end of the weekend. “We don’t want to take any opponent lightly, but we know that Stanford is the bigger matchup of this week,” Garrick said. “I feel like when it comes to Cal, we’ll just focus on being efficient early and coming out and being on top of things. No matter what, I think we’re going to be coming back to the gym on Monday with things to work on and that’s exciting and challenging.”last_img read more

New Gambling Commission stats reveal “very bad news” for betting shops

first_img Share Related Articles William Hill pursues HMRC FOBTs rebate  May 20, 2020 Share StumbleUpon UKGC hails ‘delivered efficiencies’ of its revamped licence maintenance service  August 20, 2020 Submit GVC submits claim for HMRC FOBTs rebate May 21, 2020 The Association of British Bookmakers (ABB) has expressed that the latest statistics from the Gambling Commission display “very bad news” for the future of British betting shops.The Gambling Commission revealed that there are now 8,502 betting shops in the UK, a fall of almost 4% within the last six months and a number that represents a continual decline in betting shops, with  numbers being at the lowest they have been since the Commission began recording these results in 2009. Malcolm George, Chief Executive of the Association of British Bookmakers commented: “The pace at which betting shops are closing is very bad news for the future of a retailer that has been a fixture of the high street for over 55 years.“The government are currently consulting on gaming machines in betting shops. Any significant change in regulation could lead to over half of all shops closing and the loss of a further 21,000 jobs while doing nothing to address problem gambling.”The statistics also stated that the number of people employed within the gambling industry decreased by 1% since March 2016 to 106,236. Furthermore, the Commission detailed that the number of gaming machines in the country hads risen to 182,916, a figure the ABB identified as worrying because it coincided with the closure of betting shops, which subsequently meant the loss of 1,043 FOBTs. Therefore, the rise in gaming machines could be attributed to other venues such as arcades. In spite of the closure of betting shops, growth of remote sector gaming will be cited as the reason that the overall yield of the gambling industry was £13.7 bn, increasing 1.8% from the corresponding results of the previous year.last_img read more


first_imgThe North West 10K committee make the announcements of their charities.The 19th North West 10k was launched in the Mount Errigal Hotel tonight where the four benefiting charities from this year’s event were announced by the organising committee. The benefiting charities this year are the Multiple Sclerosis Society, Donegal Down Syndrome Association, Blood Bike North West and the Donegal Youth Service.The event has brought in nearly €700,000 for 30 charities since 1997 and that fundraising drive will continue on Sunday, May 3rd in Letterkenny. Organisers are hoping that around 3,000 people will gather at the Community Centre for the hugely successful charity event.Chairperson James Boyle said the 10k organization was delighted to again have the same sponsors on board Brian McCormick Sports and Leisure and Donegal Daily.Com.Over 20 organisations expressed an interest initially in being one of the main charities this year.Mr Boyle thanked everyone for their help in making the 10K the huge success it has become. In particular he thanked the Gardai for their co-operation on the day and running up to the event.Members of the four charities chosen to benefit outlined the work of their groups and expressed their thanks for being chosen by the North West 10K committee.Among those who attended tonight’s launch was County Manager Seamus Nealy, former Olympian Danny McDaid and councillors James Pat McDaid and Gerry McMonagle.The charity race and walk takes place on Sunday, May 3rd in Letterkenny starting at 2pm. For further details visit the website at CHARITIES TO BENEFIT FROM NORTH-WEST 10K EVENT NAMED was last modified: March 3rd, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:charitiesdonegalNorth West 10klast_img read more

Natal Sharks lift Currie Cup

first_img1 November 2010 The Natal Sharks were crowned rugby champions of South Africa after outplaying Western Province 30-10 in the Currie Cup final in front of a sold-out crowd in Durban on Saturday. It was their second title in three seasons. In the seventh minute, after a Bismarck du Plessis steal in midfield, McLeod put in a clever kick down the field. Lwazi Mvovo, another of the Sharks to earn a first call up to the Springboks, won the chase and gathered the ball. He was tackled almost immediately, but McLeod was up in support to take the pass and go over for a try. Strauss was mentioned by Plumtree because of an immense defensive effort, with some huge hits, which helped blunt Western Province’s attacking efforts in the midfield, an area where some had suggested they held a decisive edge with Springboks Jean de Villiers and Juan de Jongh. Alberts, a fearsome ball-carrier and defender, also was called up. No doubt, he is thrilled with his first season with the Sharks after making the move from the Lions. Solo effortLambie scored two of the Sharks’ three tries, converted all three, and added three penalties to go along with Charl McLeod’s try. His solo effort in the 13th minute was a stunning slice of genius which saw him side-step his opposite number Willem de Waal, break through Adriaan Fondse’s attempted tackle, and fend off Western Province captain Schalk Burger before diving over underneath the uprights. It’s something that gave Sharks’ fans plenty to smile about during the season and they were rewarded for their support on Saturday when the team won its sixth Currie Cup title. A very close game had been expected, with Western Province slightly favoured to win its first Currie Cup title since 2001. Ironically, on that occasion they beat the Sharks, but that game took place at Newlands, not in front of a crowd of 52 000 that was solidly behind the Sharks. Hooker Bismarck du Plessis was immense for the Sharks around the field, but maybe their secret lay with his front row partner and brother Jannie du Plessis. The doctor, it appears, has the winning recipe. With their two halfbacks significantly better than their opposing numbers, the Sharks controlled the game. Their defensive effort was also controlled and impressive. After the game, Sharks’ coach John Plumtree said playing at home had been a big factor in his side’s success. “It was so special, especially in front of that crowd,” he said. DynamicScrumhalf Charl McLeod played only one half before leaving with an injury, but he was dynamic in his time on the field and thoroughly outplayed his opposite number Ricky Januarie, who last only 18 minutes. He was responsible for 25 of the Sharks’ 30 points and played like a veteran Springbok, although he earned his first call-up only after the game when he was named in the squad to tour the northern hemisphere in November and December. ‘It was amazing’“It was amazing and it was so important that we secured that home semi-final as you could see just what a difference it makes.” They did the basics far better than Western Province and, crucially, played a far better tactical game. The Sharks also had one of the leading emerging stars of South African rugby at flyhalf and Patrick Lambie, who has just turned in 20, turned in a remarkably composed and decisive performance. Another record to consider – and it backs up Sharks’ coach John Plumtree’s thoughts on the importance of earning the right to play the final at home by finishing top of the log and winning their semifinal – is the fact that the team from Durban finished the season unbeaten at home. The battle of the turnoverThey won the battle of the turnover with Ryan Kankowski, Keegan Daniel and Willem Alberts forming a very effective combination. After the game, Daniel, whose size is not that of a prototypical Springbok flank, was named in the Boks’ touring squad, which is testament to the fine season he turned in. The 30-10 margin of victory and the fact that the Sharks topped the log and then beat both Super 14 finalists – the Blue Bulls (the Bulls) in the semi-finals and Western Province (the Stormers) in the final – shows Natal to be worthy champions. Indeed, they played like a champion in the playoffs. Five out of fiveHe has played in five finals and been on the winning side on all five occasions. He won three times with the Cheetahs, in 2005, 2006, and 2007, before claiming titles with the Sharks in 2008 and 2010. That’s quite a record and one wonders if Du Plessis thinks there is anything easy about winning the Currie Cup. After all, Western Province captain Schalk Burger, a wonderful player and a star for the Springboks, has never won the Currie Cup! However, although he lauded Lambie and centre Andries Strauss, Sharks’ coach John Plumtree made it very clear that it was a team performance that won his side the Cup. After McLeod’s try and Lambie’s conversion, the Sharks were 17-3 up and went on to lead 23-3 as Lambie added two penalties. Province scored a try through captain Schalk Burger near half-time, converted by Willem de Waal to make it 23-10, but that was the end of their scoring. Would you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

Groundspeak Weekly Mailer– January 4, 2012

first_imgTeach Someone about Geocaching in 2012Each New Year, millions of people around the world resolve to change something in their lives.Common resolutions include: getting in shape, stressing less, traveling more, and spending more time with family. You can put someone on the road to accomplishing all these things simply by introducing them to geocaching.If you are an educator, group leader, or facilitator, consider introducing geocaching to your group. Not only will they have fun going on an outdoor treasure hunt, but they will also learn about teamwork, problem-solving, navigation, and more along the way.Visit our new Geocaching and Education page to read more on how to engage groups through geocaching.Share with your Friends:More SharePrint RelatedGroundspeak Weekly Newsletter – September 21, 2011September 21, 2011In “Groundspeak’s Weekly Newsletter”Groundspeak Weekly Newsletter – March 10, 2011March 10, 2011In “Groundspeak’s Weekly Newsletter”Groundspeak Weekly Newsletter – March 3, 2011March 2, 2011In “Groundspeak’s Weekly Newsletter”last_img read more

How Brexit Will Affect Self-Employment

first_imgWhy IoT Apps are Eating Device Interfaces Tags:#Brexit#Freelancers#How to prepare/UK Brexit#US?UK Brexit#WTO tariffs Xenios is the founder and CEO of PeoplePerHour and TalentDesk. He is also a passionate PPHer, an avid blogger and a lover of art, design and all things quirky and minimal words in particular. What it Takes to Build a Highly Secure FinTech … Related Posts Follow the Puck Xenios ThrasyvoulouFounder and CEO of PeoplePerHour Many of the self-employed workers are employed in sectors such as tech and finance — two industries that could potentially see a drain in people and investment if the UK’s economy takes a nosedive in the wake of the country leaving the EU. Interestingly, 63 percent of the UK’s five million who call themselves self-employed think that Brexit won’t directly impact their business.However, the self-employed contribute almost £300 billion a year to the UK economy and will be hugely affected by Brexit.The UK government has focused mainly on securing the free-flowing provision of goods once the UK leaves the EU, consulting large companies in traditional industries with complex supply chains. However, the self-employed and freelancers have not been at the forefront of negotiations or media discussions — despite their growing importance to the UK economy.IPSE has undertaken research that has shown that the self-employed want a non-disruptive Brexit, which includes access to the single market and customs union, and freedom of movement for people. We’ve highlighted below some of the issues the self-employed might face post-Brexit, and what can be done to mitigate some of the negative consequences.World Trade Organisation (WTO) tariffs.If the UK leaves the EU without a deal, this means that the buying and selling of goods and services could become more expensive, due to the addition of WTO tariffs. Ultimately, this means that for those self-employed having some form of trade with the EU, this could make the provision of their services less competitive than those based on the continent.Even if your client isn’t based in the EU, they might be EU-owned but based in the UK, and export your services to another EU nation. Before the EU referendum, the Treasury undertook research and modeling which suggested that the addition of WTO tariffs would result in unemployment increasing to 820,000.How to prepare: If you’re concerned about a no-deal Brexit, research whether the goods or services you or your clients provide would be subject to WTO tariffs, and how this would impact your work.Regulations.The Prime Minister indicated in January 2017 that the UK will be leaving the EU single market. Currently, 60% of UK legislation comes from the EU and allows the ease of trade across industries from chemicals to data and finance. Ultimately, Brexit means that companies based in the UK who trade with the EU will potentially have to grapple with two different sets of regulations.These regulations could have significant implications for the self-employed. The government has published technical guides, which outline its plan for lots of different regulations.How to prepare: If you work with regulations that are derived from EU law, it’s recommended that you check on the government website and see what you will need to do to comply with UK legislation post-Brexit.Employment and tax.Tax and employment regulations are mostly an issue for national governments. However, the UK pays into the EU’s contributory benefits system for pensions and sickness. If the UK leaves the EU with no deal, those self-employed in the UK who are EU citizens may have to pay two sets of national insurance. Right now, EU citizens have the right to live and work in the UK. The UK government has assured EU workers that they will retain these rights post-Brexit, but there could be requirements in the future for work visas or sponsorship.In the event of a no-deal Brexit, the UK may change legislation in this area long term, and diverge from the other EU member states. Also, other areas of taxation might be indirectly affected, such as the UK lowering corporation tax. If you are an EU citizen, check with your home country and the status of social security contributions when living in a non-EU country.VAT exemption thresholds could also change, regardless of whether or not there is a deal with the EU. At the moment, the UK has a VAT exemption at £85,000. However, leaving the single market could mean that the exemption drops to £76,000. This additional cost could cause thousands of SMEs (Europeans define this acronym as a small and medium-sized business enterprise). Meaning, the self-employed my have to add VAT to their services and products. If you are near the lower threshold, you will be legally required to charge VAT.How to prepare: Check your annual numbers and revenue with your accountant, in order to be able to quantify the loss if the worst-case scenario comes true and the threshold changes post-Brexit. Then, using the scenario planning approach, prepare a plan with the expected income and outcome of the upcoming year, in order to see how it will affect your quality of living.Freedom of movement. Skilled and unskilled workers in the EU 28 have benefited from freedom of movement, one of the key pillars of the EU. The freedom to move and work where a person chooses has proved a controversial aspect of the EU referendum, and Prime Minister Theresa May has confirmed that after Brexit, this will end. Having a freelancers dream marketplace has enabled a market of 28 countries for the self-employed, having equal access to work in all these nations.Tourist travel will still probably be straightforward, but businesses have expressed concern about moving their workers around the continent with ease. The self-employed could face challenges post-Brexit if they have clients based in the other 27 countries. A work visa may be needed, or possibly sponsorship. These processes could be expensive and cumbersome for clients, making self-employed contractors and freelancers based in the UK less appealing to work with than under current conditions.Under a no-deal Brexit, all UK passport-holders must have a passport valid for six months or over if they are entering the EU. EU freelancers based in the UK must apply through the EU Settlement Scheme to remain in the UK beyond June 2021.How to prepare: If you have clients based in the EU or who would require you to travel to the EU, check what plans they have in place to allow for self-employed contractors or their employees to move between the UK and the EU.With uncertainty, comes opportunity.If a no-deal Brexit does go ahead, it’s been predicted that specific industries will face chaos. Organizations will need to deal with prolonged uncertainty and adapt quickly to change. Companies might bring in more temporary workers to help manage their workload.Moreover, for self-employed consultants and contracts in specific industries, Brexit-related jobs have increased. A study has shown that the financial services industry has created nearly 3,000 jobs in the EU because of Brexit, and 500 of these jobs are in London.Another opportunity that could come from Brexit is the renegotiation of trade deals with countries outside of the EU. As a member of the EU, Britain is unable to have an independent seat at the WTO; this will no longer be the case once terms with the EU have been agreed upon. It will remain to be seen whether Britain could provide a higher level of freedom for the self-employed and could present an opportunity to work closely with major economies such as Japan, India and the UAE.Brexit has created a lot of uncertainty, but there might be more opportunities for the self-employed. Look out for the opportunities that present themselves; your flexibility means you can gain a step ahead of your larger competitors. Indeed, if your smaller competitors are not as prepared as you for the upcoming changes, then you can also get a headstart on them.How to prepare: Ask your clients if they have any Brexit-related roles, or if they foresee a requirement post-Brexit for temporary workers. Some companies might be seeking experts on customs procedures and trade, two areas which will drastically change.The future of the self-employed.Business does not like uncertainty – regardless of company size or industry, whether you’re self-employed or part of a multinational corporation. The media have zoned in on the adverse effects Brexit will have on large businesses, with little coverage given to the self-employed.Use your flexibility to your advantage, bring in skilled freelancers if you need to enable your business offering to become more diverse. Look out for opportunities that you feel could be relevant to your clients. If you don’t currently have the people in your business to deliver the business that you are requiring — use your freelancers is a simple way of bridging that gap in the short term.If you think that these services will be useful for your clients long term, then you can look to bring in someone on a permanent basis in the future. The UK is home to many companies across the world, who use the country as their European hub.Many have indicated that if the UK does not secure a favorable deal with the EU, then they will move their operations elsewhere. The lack of regulatory equivalence, WTO tariffs, barriers to moving people and more, makes the UK a less attractive place to do business.However, this might be a chance to hone in on your skills and an opportunity to expand your client base. Is it possible that Brexit will create jobs with your expertise? Will there suddenly be a demand for your products or services? These are just some of the questions you should ask when building a long term strategy around Brexit.If you prepare as best you can to suit your business, the adverse effects of Brexit could be limited.PeoplePerHour, the leading freelance marketplace in the UK, has released a dedicated microsite with series of Brexit guides for freelancers and small-business owners. Additionally, you may find other useful Brexit resources and news that will help you stay on top of the topic and get properly prepared. Trends Driving the Loyalty Marketing Industrylast_img read more