Home / Daily Dose / Study: Fewer Loans to Be Assessed Under Revised CRA Rule The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Sign up for DS News Daily Community Reinvestment Act Office of the Comptroller of the Currency 2020-07-06 Mike Albanese Related Articles Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Share Save Demand Propels Home Prices Upward 2 days ago One of the impacts of the Office of the Comptroller of the Currency’s (OCC) new rule aimed at “strengthening and modernizing” the Community Reinvestment Act (CRA) will be that far fewer loans will be evaluated for their adherence to CRA standards and goals, according to research from the Urban Institute.The OCC released its new CRA rule on May 20 after reviewing more than 7,500 comments from various stakeholders. The OCC adopted its original rule to meet some of the proposals in the comments, including clarifying the quantity and quality of CRA activities and increasing credit for mortgage loans to promote affordable housing.The final rule received praise from some within the industry as well as staunch criticism from Rep. Maxine Waters, Chairwoman of the House Financial Services Committee.Researchers from the Urban Institute are now expressing concerns with the new rule, claiming that fewer loans would be reviewed by CRA standards. Thus there is less assurance and insight into whether and how banks are meeting the specific needs of local communities.While conceding that the new rule does “offer some improvements over the proposed rule,” the researchers ultimately call the new rule “unsatisfactory.”“CRA regulations should ensure the goals of the CRA statute are aligned with its execution and should evaluate banks on the importance of the bank’s activities to the local community,” wrote three Urban Institute researchers. “Tying evaluation instead to the importance of the activity to the bank misses the point and ignores the fact that many activities constituting an as small share of the bank’s business have outsize importance to the bank’s community.”The researchers take issue with the fact that the new rule does not assess particular loans unless the local retail lending makes up at least 15% of the bank’s total origination volume from that retail line.Relying on 2018 lending data, the Urban Institute found that in New York City, 17% of small business loans would not be evaluated for their small business lending in the community under the new rule. By dollar volume, this amount makes up 30% of small business lending in the metro and 26% of low- to moderate-income small business lending.In the Worcester, Massachusetts metro, 33% fewer low- to moderate-income loans would be evaluated under the new rule, and 64% less dollar volume of loans would be evaluated, according to the Urban Institute.Small farm loans would also be often left out of CRA evaluations because they do not make up more than 15% of originations at the banks making them. For example, in Indianapolis, which the Urban Institute says is the metropolitan statistical area with the smallest farm loans, 72% of small farm loans would not be subject to CRA review. By dollar volume, 83% of loans would be exempt.A move to reverse the new CRA rule was proposed by Waters and has passed the House.However, the Community Bankers Association previously praised the rule for “attempting to bring an analog regulation into a digital rule” and for creating a “more transparent and objective process for measuring banks’ continued service to their clients.” Print This Post The Best Markets For Residential Property Investors 2 days ago Study: Fewer Loans to Be Assessed Under Revised CRA Rule Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Community Reinvestment Act Office of the Comptroller of the Currency Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago July 6, 2020 785 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: The Changing Landscape for Real Estate Agents Next: Supreme Court Rules on TCPA, Robocalls About Author: Krista F. Brock Subscribe
Updated Jan. 11.Freshman quarterback Matt Barkley passed for two touchdowns and ran for another, leading USC to a 24-13 victory over Boston College in the Emerald Bowl on Dec. 26.The Trojans jumped out to an early 14-0 lead via two Barkley touchdown passes to redshirt junior fullback Stanley Havili — appearing to push away the demons that haunted them in the closing weeks of the season — but the Eagles fought back.Dieuwertje Kast | Daily TrojanBoston College running back Montel Harris ran 23 times for 102 yards and one touchdown, including a dominating series in the second quarter in which he carried the ball four times for 48 yards and a score. Later in the period, 25-year-old Eagles freshman quarterback Dave Shinskie connected on a 61-yard touchdown pass to receiver Rich Gunnell to close the gap to 14-13.When the Trojans’ first play of the second half proved to be a Barkley interception that gave Boston College the ball at USC’s nine-yard line, it appeared momentum was on the Eagles’ side.But Harris was stuffed at the line and fumbled, and USC recovered and took the ball back the opposite way for a field goal. A stout Trojan defense proceeded to hold Boston College scoreless the rest of the way to secure the victory — one they said was important.“We needed to do something good and feel good,” coach Pete Carroll said in his postgame press conference. “There was a lot of distraction and a lot of adversity going into this thing, most of it self-inflicted. I’m very happy with the way we turned our focus and the way we accomplished things inside.”USC (9-4) struggled to its worst finish this year since 2001, suffering four Pac-10 losses and turning up embarrassing performances in blowout losses to Oregon and Stanford late in the season.Although many expected another flat performance at the Emerald Bowl, the Trojans showed up — but didn’t dominate.Boston College had a shot to win until a fourth-quarter interception by redshirt junior cornerback Shareece Wright iced it for the Trojans.“We certainly felt going in that we could win,” Eagles coach Frank Spaziani said in his press conference. “We knew how we had to play. We made too many mistakes. It’s frustrating.”Boston College (8-5) lost its second straight bowl game while the Trojans picked up their 32nd bowl win — the most all-time.Dieuwertje Kast | Daily TrojanRedshirt junior running back Allen Bradford had 17 carries for 72 yards, and redshirt junior receiver Damian Williams pulled in 12 catches for 189 yards for the Trojans — including a spectacular 48-yard catch in the second half — in what was his final game in Cardinal and Gold. Williams told reporters after the game he would decide within the next two weeks whether or not he would declare for the NFL draft.As a whole, USC will surely face much scrutiny in the weeks to come concerning the ongoing Joe McKnight investigation and draft decisions from other juniors.Junior defensive end Everson Griffen told the media after the game he would declare for the draft.But the bowl game was a good sign, the players say, for what’s to come.“We needed this ‘W,” Havili told the Associated Press. “We’re happy to start next season with a win. We had a great two weeks of practice and it was all a matter of executing.“Yeah, we’re used to playing in the Rose Bowl but we’re still motivated to play and to win this game, since this is where we played. We had a great game plan up front. It was a growing season. We had a lot of young guys step up.”
By John BurtonRED BANK — The borough’s youngest students are expected to be attending classes at the middle school, beginning Monday, for a week or longer because of the storm damage sustained at the primary school.The primary school’s approximately 570 students will have to attend the district’s middle school, 101 Harding Road from 8 a.m. until noon.The middle school’s grades 4-8 students will have classes from 12:30 p.m. until 4:30 p.m.The district’s primary school, 222 River Road, overlooking the Swimming River, had about 2 inches of water flood the school, damaging carpet, vinyl flooring, some furniture and supplies, said Laura Morana, the district’s superintendent of schools.“There wasn’t a single section that was spared,” she said.Teachers will see their schedules modified, Morana said, with the primary school teachers working a 7:30 a.m. to 2:30 p.m. schedule and their middle school counterparts starting at 10 a.m. and working until 5 p.m., Morana said.The district’s insurance carrier immediately authorized the hiring of a cleaning crew for the primary school, which is almost completed, Morana said. The building is still waiting for the floors to be taken care of before students would be allowed back in the building.Morana hopes the building would be in shape for conducting classes by Monday, Nov. 19, but that is a tentative date, she said.The school’s library/media center can wait for its carpeting.“We want the classrooms back in shape to bring the children back,” Morana said.As of now, Morana couldn’t estimate as to the dollar amount of the damage. Administrators have been working with state Department of Education representatives and those from the Federal Emergency Management Agency (FEMA), wading through the pile of paperwork to obtain any assistance available, she said.
Where’s the antimatter? If the universe began in a big bang, there should be equal amounts of matter and antimatter. Instead, there is only regular matter as far as our telescopes can see. (If antimatter were present, the annihilation of antimatter and matter would give a characteristic gamma-ray signature.) This is a big matter; the missing antimatter has been a conundrum for decades. Now, a new study using the Spitzer Space Telescope, reported on Science Daily, confirms that far, far too little is present. Observations of the Bullet Cluster “rule out any significant amounts of antimatter over scales of about 65 million light years, an estimate of the original separation of the two colliding clusters,” the article said of the largest-scale study ever done in an environment that is an “excellent test site” for the search. All they saw was only three parts per million. The article ends by claiming that if antimatter is discovered, it might tell scientists something about inflation and how long it lasted. This new study, however, places tighter constraints on the possibility of such a discovery.Even if they did find antimatter, it would not tell them anything about inflation. Remember the skeleton that Sean Carroll let out of the inflationary closet? (05/11/2006). He said that inflation does not get rid of the fine-tuning problems it was invented to solve: “the conditions required to start inflation are less natural than those of the conventional Big Bang.” It’s time for cosmologists to call off the search for missing dark matter, missing dark energy and missing antimatter, and to start searching for antimaterial explanations for the fine-tuned cosmos we have found.(Visited 24 times, 1 visits today)FacebookTwitterPinterestSave分享0
14 May 2009A third of the beds available in Kruger National Park’s Skukuza, Berg-en-Dal and Pretoriuskop camps will be reserved for foreign tourists through the duration of the 2010 Fifa World Cup, South African National Parks (SANParks) announced at the Tourism Indaba in Durban this week.SANParks tourism and marketing director Glenn Phillips told delegates that 30% of available accommodation in the national parks would be reserved for 2010 tourists, with the remainder for the general public.“The exciting part of this decision is that approximately 15 000 people will get to see the national parks for the first time,” Phillips said. “We want to use this event to optimise marketing opportunities while we continue to build our brand.”Other parks close to the World Cup matches that have been contracted are Addo Elephant National Park, Garden Route National Park, Tsitsikamma and the Knysna lake area, Marakele and Golden Gate Highlands National Park.“For us this event is more than just about sport,” he said. “The message we want to send to the world is that SANParks is on track to deliver next year.”Phillips believed the move would send a positive signal to critics who didn’t believe South Africa would be ready to host the World Cup, adding that SANParks wanted to see optimal occupancy in all national parks during the event.“Key to this is the retention of our regular client base, as the event falls during the extended school holidays,” he explained.MATCH incomeSANParks has also signed a contract with MATCH, a professional services company selected by Fifa to provide ticketing, accommodation and event information technology during the 2010 World Cup event in South Africa.“If all goes according to plan, the value (of available accommodation) sold to MATCH per day is in the region of R1.4-million,” he said.He said this would bring in about R52.5-million, based on two people per unit, inclusive of dinner, bed and breakfast and activities by the time the World Cup was over.SANParks spokesperson Reynold Thakhuli said new mobile tents would also be erected in the Kruger camps: “This will provide an additional 420 beds and will form part of the legacy beyond 2010. These tents will be used after the tournament in all our national parks as and when they are needed.”Source: BuaNews
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Why Tech Companies Need Simpler Terms of Servic… Related Posts 8 Best WordPress Hosting Solutions on the Market,Firefox has overtaken Internet Explorer to become the number one browser in Europe, reports analytics company StatCounter. According to December figures, Firefox had 38.11% of the European market share, compare to IE’s 37.52%.It’s the first time that IE has been knocked out of the number one position in a major geographical area, says Aodhan Cullen, StatCounter’s CEO, who points to the growth of Google’s Chrome as the reason for the shift. It isn’t that Firefox is gaining steam, but rather than IE is losing users to Chrome.Chrome is still in third place in Europe, but it has grown substantially over the past year: up from 5.06% in December 2009 to 14.58% in December 2010. “We are probably seeing the impact of the agreement between European Commission competition authorities and Microsoft, to offer EU users a choice and menu of browsers from March last,” says Cullen. As part of its anti-trust settlement with the EU, Microsoft has implemented a “browser ballot” as part of Windows set-up that gives users a choice of browsers rather than preferential treatment for IE. audrey watters Related Posts Why Tech Companies Need Simpler Terms of Servic… Firefox has overtaken Internet Explorer to become the number one browser in Europe, reports analytics company StatCounter. According to December figures, Firefox had 38.11% of the European market share, compare to IE’s 37.52%.It’s the first time that IE has been knocked out of the number one position in a major geographical area, says Aodhan Cullen, StatCounter’s CEO, who points to the growth of Google’s Chrome as the reason for the shift. It isn’t that Firefox is gaining steam, but rather than IE is losing users to Chrome.Chrome is still in third place in Europe, but it has grown substantially over the past year: up from 5.06% in December 2009 to 14.58% in December 2010. “We are probably seeing the impact of the agreement between European Commission competition authorities and Microsoft, to offer EU users a choice and menu of browsers from March last,” says Cullen. As part of its anti-trust settlement with the EU, Microsoft has implemented a “browser ballot” as part of Windows set-up that gives users a choice of browsers rather than preferential treatment for IE. Top Reasons to Go With Managed WordPress Hosting audrey watters IE still retains its lead in the browser market in North America with 48.92% of users, followed by Firefox at 26.7%, Chrome at 12.82%, and Safari at 10.16%.StatCounter’s figures are based on aggregate data on a sample of over 15 billion page views per month. IE still retains its lead in the browser market in North America with 48.92% of users, followed by Firefox at 26.7%, Chrome at 12.82%, and Safari at 10.16%.StatCounter’s figures are based on aggregate data on a sample of over 15 billion page views per month. Tags:#Google#Microsoft#NYT#web Top Reasons to Go With Managed WordPress Hosting A Web Developer’s New Best Friend is the AI Wai… Tags:#Google#Microsoft#NYT#web A Web Developer’s New Best Friend is the AI Wai… 8 Best WordPress Hosting Solutions on the Market
In the absence of an accredited physiotherapist, India’s archers are feeling the heat in London. They are forced to do stretching and other exercises on the sidewalks outside Lord’s, the competition venue.The Indian Olympic Association (IOA) has cleared only three physiotherapists for the contingent of 81 athletes. Only the hockey and boxing squads have been given their own physiotherapists besides one for the rest of the players. The archery competition begins on July 27, even before the opening ceremony.The archers, who arrived at the Games Village on Monday, wanted Mittal Champions Trust (MCT) physiotherapist Patrick Kenny to be with the team. Kenny has not got accreditation from the IOA, which has said that Kenny will get daily passes for the Village, but that does not allow him access to the training and competition venues.The six-member archery team, thus, is left with no option but to do their stretching and cooling off on the sidewalks outside Lord’s. Manisha Malhotra, administrator with MCT, who reached London on Saturday, said the athletes supported by them had requested IOA to give Kenny an accreditation.”Almost 10 athletes – archers, wrestlers, shooters – had requested IOA to give him accreditation because he has been working with them. But he has not got any badge and has no access to the venue,” Manisha told Mail Today. “Kenny is working with them on the sidewalks. This is not the way to treat your medal prospects. In any case, what is the point of passes to the Village when he cannot enter the competition venue?”advertisementTwo-time Olympian Dola Banerjee, whose brother Rahul is in the team, said the team needs a physio. “With the sport gaining profile, a physio is required. There are no extra personnel with the archery team. What if there is some problem during the competition?” she told Mail Today.IOA president Vijay Kumar Malhotra said that they have tried their best to accommodate all the requests.”We have to follow the international norms. The number of support staff has to be half the number of athletes. There are six archers and we have cleared three coaches and one manager for the team.” There was no physiotherapist cleared for the grapplers as well. The Wrestling Federation of India has now written to IOA that they want Arvinder Pal Singh in London. The badminton team will be taking physio Kiran Challagundla at the federation’s cost.
Blooming GloryKaas PlateauIf Valley of Flowers in Uttarakhand seems like a distant dream which requires too much planning, you are going to love this smaller version near Pune. The Kaas Plateau, 100 km away from the city, is where acres of fields come alive with a burst of colour after,Blooming GloryKaas PlateauIf Valley of Flowers in Uttarakhand seems like a distant dream which requires too much planning, you are going to love this smaller version near Pune. The Kaas Plateau, 100 km away from the city, is where acres of fields come alive with a burst of colour after the first two months of rain. It is a stunning sight with multihued flowers carpeting large stretches of the valley. Accounts by botanists claim there are over 1500 types of plants here, including a few endangered species and some medicinal plants. The first blooms appear by August once the monsoon recedes, and the floral fiesta lasts for a little over a month.If you know your Botany, you can spot Smithia Hirsute, Senecio Grahami and Utricularia Purpurascens, which grow in large numbers here. With large amounts of wild growth, the plateau turns into a haven to spot a variety of butterflies, insects and reptiles, and the surrouding lush green hills become home to many exotic birds, including the Malabar Crested Lark, Indian Robin and Crested Bunting. However, there have been growing concerns about preserving this ecosystem with tourist traffic growing each year, resulting in damage of the flowers. Word of caution if you’re going there-spray on an insect repellent to prevent bites; wear comfortable shoes for the long walks; and do your bit for conserving the valley by not damaging the flowers. Monsoon Perks: Bird such as the Malabar Crested Lark and Indian Robin flock here during the rainy season. Don’t Miss: A trip to the Sajjangad Fort or Kanher Dam. Getting There: It is 100 km from Pune and the nearest town is Satara, 25 km away where you can find accommodation. Contact: kas.ind.in or Deputy Conservator of Forests 233614Rain DanceLavasaWant to play golf when it’s pouring? Or feel like splashing around without having to worry about muck and dirt? Drive out of the city to Lavasa if you want to enjoy the monsoon season without the stress of traffic jams and flooded roads. The tourism wing of Lavasa has come up with a bunch of activities, called the Mesmerizing Monsoon, for those who love the outdoors and rains. They have something for every budget, with activities starting at just Rs 500. Surrounded by flora, fauna, green-laden hills and over 100 waterfalls, Lavasa is just the place to be during the monsoon season.advertisementWater sports are an all time favourite here. So besides kayaking and boating, you can enjoy the large, newly-constructed Splash Pad, which will start hosting rain parties this year. You can also opt for the the indoor golf facility, and tee away even when its pouring. The highlight is the Waterfall Safari, where the team takes you in a gypsy loaded with a picnic basket to the main waterfalls. A steaming cup of tea or a quick snack will be ready for you once you step out of the waterfall. Rajiv Duggal, head of Lavasa Tourism, also recommends the Segway Tour, where you, along with a professional guide, take off on a tour of the hill city on the popular battery-operated vehicle. Apart from this, you can also enjoy some adrenaline pumping activities such as rock climbing, trekking and jet skiing. Monsoon Perks: The Waterfall Safari that takes you to key waterfalls in Lavasa with a picnic basket. Starts at Rs 1,500 for four in a gypsy for two hours. Don’t Miss: The Splash Pad to enjoy the rains and the Segway Tour around the hill city. Getting There: A little over an hour’s drive from Pune. Take the Chandani Chowk road, pass though Pirangut and the Temghar Dam. Contact lavasa.comInto The WildLong DrivesThe earthy smell of wet mud is one of the most unforgettable childhood memories for most of us. In fact, we still perk up and get alert like a dog as soon as the first few drops fall. And if the concrete city robs you of such little pleasures of life, take to the wheel and set off to soak in the earthy aromas and lush greens of the great, wild landscape of the Western Ghats. Though offering spectacular views throughout the year, the Ghats truly come alive during the monsoon months. Whichever direction you head outside of Pune, you’re sure to find it an enjoyable ride. If you think the drive to Mulshi is done to death, then take the road less traveled and head off southwards towards Saswad. Drive through the countryside with farms and open fields with cattle grazing, offering a picture postcard view. Meander through the Dive Ghat, which turns enchantingly scenic with the first showers, covered with a thick carpet of trees and plants and a shroud of fog. In the monsoon, the hills become home for various birds, insects and flowers, so make short stopovers to spot some birds or the newly bloomed colourful wildflowers.advertisementWhen you’re travelling through the mountains in the monsoon, there’s every chance of spotting waterfalls or at least a few streams trickling down the slopes, making it a photographer’s paradise. To add to the romantic charm of the rains, stop by at the fresh water body, locally known as the Mastani Lake. Legend has it the famed couple, Bajirao Peshwa and Mastani, came here to enjoy some quiet time.If you want some more dose of history, then drive down further to Fort Jadhavgadh. The former residence of Pilaji Jadhavrao, a noble in the Maratha empire, the fort, in its revamped avatar, classily blends the old-world charm with modern amenities. The fort’s museum has utensils of the original owners and other everyday paraphernalia. Walk through the rooms and balconies where war strategies were discussed or sit down for a traditional Maharashtrian meal in the fort’s cosy restaurant. If you want to extend your getaway from the city, then stay back in their well equipped rooms (or tents, if you are more of an adventurer).Fort Jadhavgadh also offers a Monsoon Rejuvenation Package with special activities on weekends such as bullock cart rides, musical nights and pottery sessions.Monsoon Perks: Fort Jadhavgadh has monsoon packages starting at Rs 11,999 for two nights in the royal tents with complimentary wine tastings and a spa treatment. Don’t Miss: The guided treks and a visit to a 300-year-old temple. On Getting There: Take the Hadapsar-Saswad road Contact: 9987573815Adrenaline RushMonsoon TreksA trek up to the numerous forts in the monsoon promises you a heady cocktail of scenic beauty in the backdrop of fog, lush green hills and downpours. And the Western Ghats are blessed with numerous such forts, making it easy for you to plan a weekend adventure. But to ensure your trip is free of unwanted hurdles, invest in good trekking gear and rain wear before you head out.One of the favourites is the Raigad trek, which falls into the easy-moderate category in the difficulty level. But for those who can’t trek uphill, there is a ropeway which takes you to the fort gates within minutes.Viewing points such as Bhavani Tok, Hirkani Buruj and Takmak Tok offer a spectacular view of the region. A must-do here is watching the sunset from the Takmak Tok. There are other monsoon trek to arishchandragad and Torna as well. Another favourite is the Malshej Ghat. With nature at its best during the rains and the migratory flamingoes making it their abode, this is a treat for hikers and trekkers.Monsoon Perks: The picturesque waterfalls along the way. Don’t Miss: The view of the mountains on a foggy day from Konkad Kada atop Harishchandragad. Getting There: Rajmachi is 75 km from Pune near Lonavala while Visapur Fort, at 60 km towards Pune, is close to the Mumbai-Pune Highway.advertisement