What Would Housing Finance Reform Look Like Under Clinton?

first_imgHome / Daily Dose / What Would Housing Finance Reform Look Like Under Clinton? Tagged with: Gene Sperling GSE Reform Hillary Clinton Housing Finance Policy The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: CFPB Plans Further Servicing Rules Updates Next: Counsel’s Corner: Reversal of the “Free House” Decision Hillary ClintonThe possibility of Hillary Clinton winning the Democratic nomination for the presidency is becoming more of a likelihood and GSE reform has become more and more of a hot button topic as of late.A few months ago, Clinton laid out her plan to provide “a fair shot at homeownership” for everyone, but has not spoken on the possibility of GSE reform—nor have any of the presidential candidates. The closest they have come was earlier this week when presumptive Republican nominee Donald Trump said that in a couple of weeks he would overhaul the controversial Dodd-Frank Act if he is elected.Clinton may have indirectly commented on a plan for GSE reform with the hiring of Gene Sperling, who was Director of the National Economic Council under Clinton’s husband and Obama and also served as Counselor to former Treasury Secretary Timothy Geithner, as her top economic adviser. Sperling and noted economists Jim Parrott, Lewis Ranieri, Mark Zandi, and Barry Zigas in March authored a white paper for Urban Institute titled “A More Promising Road to GSE Reform” in which they not only proposed to merge Fannie Mae and Freddie Mac into one government entity, but they highlighted the urgency of the situation, saying that the FHFA is helping Fannie Mae and Freddie Mac “tread water” and that “the situation is not healthy.” They insisted, “Let’s not wait until the next crisis” for GSE reform.Gene SperlingIn that paper, the authors contend that a government corporation titled the National Mortgage Reinsurance Corporation (NMRC) would replace Fannie Mae and Freddie Mac and would perform the same functions as the GSEs do currently—it would purchase conforming single-family and multi-family mortgages and issue securities backing the loans through a single issuing platform operated by the NMRC—but unlike the GSEs, would be required to transfer all non-catastrophic debt risk on the securities it issues to a broad range of private entities.Perhaps the most important difference between the NMRC and the current GSEs is that the NMRC “would be motivated neither by profit nor market share, but by a mandate to balance broad access to credit with the safety and soundness of the mortgage market.”The plan offered by Sperling and his co-authors is similar to a plan offered earlier by Senators Tim Johnson (D-South Dakota) and Mike Crapo (R-Idaho) when the two were, respectively, Chairman and Ranking Member of the Senate Banking Committee. That plan included a government backstop for any catastrophic losses the mortgage industry might incur.There is speculation that if Clinton is elected, she would likely tackle GSE reform at some point during her first 18 months in office. The hiring of Sperling as a top economic adviser would seem to indicate that she would share his views on housing policy reform. Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea Subscribecenter_img What Would Housing Finance Reform Look Like Under Clinton? Servicers Navigate the Post-Pandemic World 2 days ago May 20, 2016 1,513 Views Gene Sperling GSE Reform Hillary Clinton Housing Finance Policy 2016-05-20 Brian Honea Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save  Print This Post Related Articles Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Match Your Actions to Your Outcomes

first_imgStephen Covey wrote one of my all-time favorite books, The Seven Habits of Highly Effective People. In this book, one of Covey’s seven habits was to Begin with the End in Mind. To do this, you think of the future result you want and work backward from there. Sound and solid advice now, as it was when Covey wrote it.That said, it’s easy to decide to act without thinking first of the outcome you are trying to achieve.You have a difficult client. They are unhappy with you. You want to call them to defend your actions—and vent your frustrations. Anyone with clients has had this experience, or eventually will. The question you have to ask yourself is: what do you want the outcome of that conversation to be? What do you hope your defense and your frustration is going to produce for you in the way of an outcome? What comes after this course of action?You have a once in a lifetime meeting with your dream client. They asked you to come in and explain what makes you different than your competitors. They say they want to learn a little about you. That’s their agenda and you want to please them, so you build a deck that explains your company’s history, your locations, and the logos of all the well-recognized brands you serve. If your outcome is to look and sound an awful lot like your peers, that might be a good strategy. If you want to differentiate yourself from your peers, that outcome will require a different approach.The key to successfully achieving a positive outcome is to first define what a successful outcome is and work backward from there. In most situations, there are many choices of action, some that will lead to an unfavorable outcome. By defining the outcome first, you match the actions to that outcome, and you massively improve your chances of success.Before you do, think. Essential Reading! Get my first book: The Only Sale Guide You’ll Ever Need “The USA Today bestseller by the star sales speaker and author of The Sales Blog that reveals how all salespeople can attain huge sales success through strategies backed by extensive research and experience.” Buy Nowlast_img read more

No Garden upset: Golovkin knocks out Rolls in 4th round

first_imgKazakhstan’s Gennady Golovkin, left, knocks down Canada’s Steve Rolls during the fourth round of a super middleweight boxing match Saturday, June 8, 2019, in New York. Golovkin stopped Rolls in the fourth round. (AP Photo/Frank Franklin II)NEW YORK — No Garden shocker: Triple G’s left hand ensured that.Gennady Golovkin’s return to the ring was short and sweet as he knocked out Steve Rolls with 51 seconds remaining in the fourth round of their super middleweight fight Saturday night.ADVERTISEMENT View comments Duterte wants probe of SEA Games mess Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue Two-day strike in Bicol fails to cripple transport So no historic upset in a building that has seen so many of them. Unlike Joshua, who appeared to be looking ahead in the buildup to Ruiz and then took his first loss last week, Golovkin was focused only on Rolls, who at 35 is only two years younger than Golovkin and was stepping way up in class.Now, perhaps, he can look to Alvarez-Golovkin III, probably the biggest money fight out there in a sport that could be filled with them over the next year.Golovkin weighed 163 pounds in his first fight with trainer Johnathan Banks, who liked what he saw — particularly in the lopsided fourth round.“It’s always good to get a knockout,” Banks said. “We’re going in the right direction.”Sports Related Videospowered by AdSparcRead Next Catholic schools seek legislated pay hike, too With cracks in a dynasty showing, Warriors are on the brink MOST READ DA eyes importing ‘galunggong’ anewcenter_img Private companies step in to help SEA Games hosting Onyok Velasco see bright future for PH boxing in Olympics PLAY LIST 00:45Onyok Velasco see bright future for PH boxing in Olympics00:50Trending Articles05:25PH boxing team determined to deliver gold medals for PH02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss LATEST STORIES There were no titles on the line, and Triple G made sure there was no stunner like Andy Ruiz Jr.’s upset of Anthony Joshua for four heavyweight belts last weekend in the same Madison Square Garden ring. Golovkin looked slow and tentative, perhaps rusty from a layoff since September, until he began landing regularly in the fourth round.That massive left decked Rolls, who struggled to get up and clearly was in no condition to continue. Golovkin (39-1-1, 37 knockouts) previously had Rolls in trouble in the round thanks to a series of strong and quick combinations that looked like vintage Triple G.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics“I love knockouts,” Golovkin said. “I love New York.“It was a great night all around. I’m ready to come back in September and bring back the big drama show.” That, of course, could be a third go-round with Canelo Alvarez, who owns the victory and the draw on Golovkin’s record. Both are under contract to DAZN, which streamed Saturday night’s bout, Golovkin’s first without a championship involved since 2009, a span of 22 fights.Asked in the ring who he wanted to fight next, the Kazakh star smiled widely as the crowd of 12,357 cheered.“We know who the fans want me to fight next,” he said.Rolls, a Canadian in his first bout at the Garden — Golovkin is 6-0 here — sustained his first defeat after 19 wins. He looked particularly adept in Round 2, when he was by far the busier and more accurate fighter. Still, two judges gave that round to Triple G.No matter. Golovkin found the range with both hands in the third round, and it looked like vintage Triple G in the fourth.ADVERTISEMENT Cayetano: Senate, Drilon to be blamed for SEA Games mess Don’t miss out on the latest news and information. ‘Rebel attack’ no cause for concern-PNP, AFPlast_img read more

Seventh Chemical Tanker Joins Ocean Yields Fleet

first_imgzoom Norwegian ship-owner Ocean Yield ASA has taken delivery of Navig8 Tourmaline, a 49,000 dwt IMO II chemical tanker, from South Korean shipbuilder STX. After being delivered from the shipyard, the vessel commenced a 15-year “hell and high water” bareboat charter to Navig8 Chemical Tankers, entering the Chronos8 Pool.The Navig8 Tourmaline is the seventh vessel delivered in a series of eight chemical tankers that will be chartered to Navig8 Chemical Tankers.In 2015, Ocean Yield ASA entered the tanker market buying eight newbuilding chemical tanker resales for a total consideration of USD 306.8 million.The first four vessels, all of them being the 37,000 dwt IMO II chemical tankers built by Korean Hyundai Mipo Dockyard (HMD), were delivered in Q2 and Q3 2015.The remaining four vessels, being 49,000 dwt IMO II chemical tankers built by STX Korea, were scheduled for delivery in Q1-Q3 2016. The first two tankers, Navig8 Turquoise and Navig8 Topaz, joined the company’s fleet in April and July 2016, respectively.last_img read more