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Treasury Lowers Q1 Borrowing Estimate by $54 Billion

first_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Borrowing Estimates Government U.S. Department of Treasury 2015-02-02 Brian Honea in Daily Dose, Featured, Government, News Servicers Navigate the Post-Pandemic World 2 days ago The U.S. Department of Treasury’s borrowing estimate for the first quarter of 2015 is about 25 percent lower than its original prediction issued two months ago, according to an announcement from Treasury released Monday.Assuming a balance of $100 billion at the end of March, Treasury said it expects to issue $155 billion in net marketable debt for the period starting January 1, 2015, and ending March 31, 2015. That figure is $54 billion lower than the original estimate of $209 billion (assuming the same end-of-March cash balance of $100 billion) which Treasury released in November.Treasury attributes the lower borrowing to changes in cash balance assumptions and lower outlays, according to the announcement.For the second quarter of 2015, Treasury said assuming a cash balance of $150 billion at the end of June, it expects to pay down $7 billion in net marketable debt.At the end of the fourth quarter of 2014, Treasury had a cash balance of $223 billion, after issuing $227 billion in net marketable debt during the quarter. Treasury had about $232 billion in net marketable debt at the end of November 2014, at which time it assumed a cash balance of $200 billion by the end of December.Treasury said a lower financing need and more cash from other sources, partially offset by a higher ending cash balance for the quarter, were responsible for the decrease in borrowing for Q4 2014. Share Save Sign up for DS News Daily Home / Daily Dose / Treasury Lowers Q1 Borrowing Estimate by $54 Billion Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Strong Finish to 2014 For Texas Housing Market Caps State’s Second-Best Year Ever Next: DS News Webcast: Tuesday 2/3/2015 The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago February 2, 2015 1,025 Views 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. The Best Markets For Residential Property Investors 2 days ago Tagged with: Borrowing Estimates Government U.S. Department of Treasury Related Articles Subscribe Treasury Lowers Q1 Borrowing Estimate by $54 Billionlast_img read more


May 31, 2021 0

CUNA Asks CFPB to Delay TRID Effective Date Until January 1, 2016

first_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Related Articles The Credit Union National Association (CUNA) has asked the Consumer Financial Protection Bureau (CFPB) to delay implementation of the TILA-RESPA Integrated Disclosure (TRID) Rule, also called the Know Before You Owe Mortgage Rule, until January 1, 2016.CUNA, which represents America’s credit unions and their more than 100 million members, issued their request in the form of a comment submitted via email on CFPB’s proposal that would delay the effective date of TRID until October 3, 2015. Originally, TRID was scheduled to be implemented on August 1. The CFPB is allowing public comments until Tuesday, July 7, on its proposal to extend the TRID date to October 3.”CUNA believes the additional two month period is a step in the right direction to allow for an orderly transition to the new regulatory regime,” the organization wrote in its comment. “In particular, the extension is welcome given that the current effective date falls during the summer months, which is the busiest time of the year for many credit unions. We would, however, continue our ongoing call to implement a safe harbor for legal liability and enforcement until the end of the year to allow for proper transition to the new regulatory regime. We believe this is appropriate given the magnitude of changes requested by the CFPB.”CFPB announced the proposed amendment in late June to extend the TRID deadline by two months to correct an “administrative error” which necessitated a minimum extension of two weeks. The Bureau had also received many requests from lawmakers, lenders, and other mortgage industry professionals who are concerned with their ability to become fully compliant with the requirements of the rule in time for the original August 1 effective date.CUNA asked it its comment that the effective date of TRID be extended to January 1, 2016, together with a “corresponding safe harbor for legal liability and enforcement beyond the effective date.” The association noted in its comment that may credit unions will need to run dual tracks during the transition in order to provide for loan applications received before the TRID effective date as opposed to loan applications received after the effective date.”Allowing the industry ample time to properly plan for compliance with this major rule will be crucial to ensure proper implementation,” the Association wrote. “This transition will be cumbersome for most, so any additional time will greatly benefit the industry, minimize costs, and provide a smooth transition to the new regulatory regime.”CUNA referred to a June 19 letter the Association wrote to the CFPB in which it requested an exemption from the TRID rule for creditors that make five or fewer mortgages per year, as outlined in the rule’s supplementary information and the September 2014 Small Entity Compliance Guide.”Now that the effective date has been extended, there is adequate time to correct the inconsistency between the text of Regulation Z and the September 2014 Small Entity Compliance Guide and the supplementary information,” the Association wrote. “We urge the CFPB to address this issue so that the lending operations of credit unions are not negatively impacted and members can continue to receive financial services to meet their needs.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: NetDirector Launches Integration With Fannie Mae’s Default Managing Reporting System Next: Delinquency Rate Sees Largest Monthly Increase Since November 2014 CUNA Asks CFPB to Delay TRID Effective Date Until January 1, 2016 Sign up for DS News Daily Tagged with: CFPB Credit Unions CUNA TILA-RESPA Integrated Disclosure Rule TRID Rule The Week Ahead: Nearing the Forbearance Exit 2 days ago July 6, 2015 1,172 Views CFPB Credit Unions CUNA TILA-RESPA Integrated Disclosure Rule TRID Rule 2015-07-06 Brian Honeacenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Government, News Home / Daily Dose / CUNA Asks CFPB to Delay TRID Effective Date Until January 1, 2016 Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago 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. Share Save Demand Propels Home Prices Upward 2 days agolast_img read more


May 31, 2021 0

Oshkosh sanctions Stock Cars with IMCA starting in 2014

first_imgOSHKOSH, Wis. – Oshkosh Speedzone will add IMCA Sunoco Stock Cars to regular Friday night race programs next season.“There have been many drivers asking us to sanction the Stock Cars with IMCA and we are going to do just that,” track promoter/partner Larry Stratton said. “Stock Cars will give the Speedzone a well rounded field of cars. They are a growing class and we feel they will be a perfect fit to the Speedzone program.”Points earned at Oshkosh will figure toward IMCA Speedway Motors Weekly Racing National, Arnold Motor Supply Northern Region and Allstar Performance State standings.Oshkosh also sanctioned the IMCA Xtreme Motor Sports Modifieds and Karl Chevrolet Northern SportMods this year. The 2014 race season kicks off Saturday April 19, with the fastest cars on dirt. The IRA Outlaw Sprint Cars will invade the Speedzone for their season opener as well as the Speedzone season opener. Supporting classes have yet to be decided.Additional information will be posted on the www.oshkoshspeedzone.net website. The Speedzone is located at 460 East County Road Y on the Sunnyview Expo Cen­ter/Fairgrounds just off Highways 76 and 41.last_img read more


September 23, 2020 0

Former Touch Football Stars To Battle It Out

first_imgBoth played plenty of Touch Football in the junior days growing up in New Zealand. After moving to Australia, Marshall competed in the 2003 Federation of International (FIT) World Cup for the Mixed Open team, which defeated New Zealand in the final. Friday’s Sydney Morning Herald had a great feature on the two players, with plenty of references to both players’ background in Touch Football. http://www.smh.com.au/rugby-league/league-news/shaun-versus-benji-contest-has-kearney-thinking-about-future-20110915-1kbzd.html  To view some highlights from Marshall and Johnson’s Touch Football careers, please click on the following links:Shaun Johnsonhttp://www.youtube.com/watch?v=sMY0lvn52HM&feature=related http://www.youtube.com/watch?v=A1GHYSVJoGE&feature=related Benji Marshallhttp://www.youtube.com/watch?v=UewTmI4qo3Ilast_img read more


November 7, 2019 0

a month ago​FA hit Birmingham with fine after Aston Villa skipper Grealish attacked

first_imgTagsEnglish ChampionshipPremiership NewsAbout the authorIan FerrisShare the loveHave your say ​FA hit Birmingham with fine after Aston Villa skipper Grealish attackedby Ian Ferrisa month agoSend to a friendShare the loveBirmingham City have been fined £42,500 after a Blues fan attacked Aston Villa captain Jack Grealish last season, reports BBC Sport,Paul Mitchell ran onto the pitch and hit Grealish from behind during March’s Championship derby between the sides.Mitchell was jailed for 14 weeks on 11 March.An independent regulatory commission has also warned Blues about its future conduct, having been found to fail to ensure the supporter conducted himself in an orderly fashion. last_img read more


October 28, 2019 0

Adrienne Shelly Foundation Awards Its 50th Grant

first_imgThe Adrienne Shelly Foundation (ASF), a non-profit organization named after the late actor and filmmaker who was killed in 2006, announced today that it has awarded its 50th production grant, in partnership with the Sundance Institute Feature Film Program, to Meredith Danluck for her film State Like Sleep.Danluck is an artist and filmmaker whose work has screened at major art institutions internationally including MoMA, PS1, Venice Biennale and Liverpool Biennial, as well as various film festivals including SXSW, TIFF and the Sundance Film Festival. In State Like Sleep, a young American widow in northern Europe reluctantly revisits her past when her mother is hospitalized in Brussels. Danluck and her project participated in the Sundance Institute Directors Lab and Screenwriter Lab last year.Earlier in the month ASF awarded its 49th grant to Boston University film student Julia Iglesias, who’ll soon be shooting her short film Aida’s 85th.“I can’t stress enough the importance of ASF’s mission of supporting women filmmakers,” said Academy Award nominated and Golden Globe winning actress Michelle Williams, an ASF Advisory Board member. “Reaching its 50th grant just demonstrates the impact ASF has on the indie film community.”“I knew and worked with Adrienne, and have been involved with ASF since its inception,” said actor Paul Rudd, a member of the Advisory Board. “This is an organization with a critical mission, and I’m thrilled to see it achieve such an incredible milestone.”The reaching of this milestone is especially meaningful to ASF founder and executive director Andy Ostroy, who was married to Ms. Shelly at the time of her death.“ASF has been successful in turning tragedy into something positive,” said Ostroy. “I’m proud of the work we do, and the lives we’ve touched in honor of Adrienne.”Source:PR Newswirelast_img read more


October 16, 2019 0

Canada marks 10th anniversary of apology with acknowledgement that there is still

first_imgTodd LamirandeAPTN NewsIt was 10 years ago June 11 that the federal government gave an apology to the survivors of the residential school system.150,000 Indigenous children were taken from their homes and put in schools run by the churches.That era was acknowledged today in Ottawa as was the work that still needs to be [email protected]@ToddLamirandelast_img


October 14, 2019 0

Mens soccer shoots at capturing another Big Ten win versus Rutgers

The Scarlet Knights face a similar issue to the Buckeyes: scoring. “The key to success last year was that we were able to play the same group of guys for 13, 14 games in a row with no injury problems whereas this year we have been riddled with injury problems,” Bluem said. “We shot ourselves in the foot. It’s hard to pinpoint exactly what was going on but some we had some individual mistakes that lead straight to their goals,” said Danny Jensen, Ohio State senior forward. “We had four critical mistakes in the first half and they didn’t have any.” Buckeyes goalkeeper Parker Siegfried, a redshirt freshman out of Granville, Ohio, has made 16 saves while allowing 10 goals, good for a .615 save percentage. “We have to win from now on,” said sophomore midfielder Abdi Mohamed. “Next game is pretty crucial. Right now we are 1-1 in the Big Ten and we are looking to be 2-1.” Against Northwestern, OSU lost one of their captains, senior defender Tyler Kidwell, after going down with an apparent knee injury when making contact with a Wildcat.  Kidwell did not play against Penn State, but coach Bluem said he is hoping he will be able to return to action against Rutgers. Siegfried was named the Big Ten Defensive Player of the Week on Tuesday after his first collegiate shutout vs. Northwestern. At 1-5, it is going to be an uphill battle for the team to get back to where they would like to be. However, the players are locked in and ready to fight back to the high level they feel they are capable of. Sunday’s game will feature a matchup of two goalies on the opposite ends of the age spectrum. Ohio State then-sophomore Marcus McCrary (19) dribbles the ball through a group of Michigan players during a game at Jesse Owens Memorial Stadium on Nov. 4, 2015. Credit: Lantern File PhotoOutplaying them in the box score, down big on the scoreboard. That was the story for the Ohio State men’s soccer team last Tuesday against Penn State. Despite having the advantage in shots at 12-7 and the advantage in corner kicks at 8-1, the team would glance up at the scoreboard at the final buzzer that read 4-2 Nittany Lions. The Buckeyes will look to regroup on Sunday at 2 p.m. as they take on Rutgers at Jesse Owens Memorial Stadium. The upcoming stretch will be very important for Ohio State, as four of their next five games will be played at home. “It’s time for this group of players to put wins together and start climbing back toward .500 and building confidence,” OSU coach John Bluem said. “We need to settle in on our best lineup and hopefully keep everybody healthy enough to play.” Health has been a big issue for the Buckeyes this season.   Rutgers comes into the game with a record of 0-5. Through their first five games, Rutgers has scored only one goal, the equalizer against Maryland coming from junior forward Dante Perez. That record is deceiving, however, as Rutgers has faced some stiff competition thus far. Three of its five games have come against ranked opponents, receiving losses against No. 7 Creighton, No. 20 Denver, and No. 4 Maryland, whom they took to double overtime before losing 2-1. Rutgers goalkeeper David Greczek, a senior out of Fairfield, New Jersey, has made 26 saves on the season while allowing 14 goals. Greczek has a career .744 save percentage. read more


September 28, 2019 0

Ohio State searching for 1st win against top15 team under Urban Meyer

Coach Urban Meyer huddles with members of the Ohio State football team prior to a game against Illinois on Nov. 1 at Ohio Stadium. OSU won, 55-14.Credit: Ben Jackson / For The LanternIn Ohio State football coach Urban Meyer’s three seasons in Columbus, the team has achieved 31 victories — not one of which came against a team ranked inside the top 15.If OSU (7-1, 4-0) wants to achieve that first “signature” victory, its best — and possibly only — shot this year is set to come on Saturday in East Lansing, Mich., when it takes on No. 7 Michigan State (7-1, 4-0).“I think (the players) know that already … this is a game to get the respect that Ohio State deserves and has had in the past,” Meyer said Monday. “You have to go compete and win this game and it’s going to be a task. But that’s real.”The Spartans are currently the only top-25 team sitting on OSU’s schedule.Senior defensive lineman Michael Bennett said he understands the importance of grabbing that signature victory when it comes to regaining national respect and improving OSU’s postseason résumé.“I think people for the past three years have said that we have just beaten up on teams (that) aren’t good or whatever they say, and that when it comes down to it, we can’t win a big game,” Bennett said Monday.“I just think that’s the hype around Ohio State, is that we don’t win big games, but it’s important to win this game because they’re a great opponent, and if you want postseason dreams, you’ve got to keep winning.”OSU had a chance to shake that stigma last season against the then-No. 10 Spartans in Indianapolis for the Big Ten Championship Game. However, the Buckeyes were unable to hold onto a fourth-quarter lead, as MSU took them down to win the Big Ten title, 34-24.The Buckeyes then had a second chance to topple a top-15 team in the Orange Bowl, when they took on then-No. 12 Clemson. Again, however, the Buckeyes let a fourth quarter lead slip away as they fell, 40-35.“I think we’re lacking one (a signature win) a little bit, and that win (against Michigan State) would mean a lot,” junior linebacker Joshua Perry said Monday. “It would be great for our goal. Since I’ve been here, we haven’t won a Big Ten Championship and I know that we’d like to do that, so to be able to go up there and win would obviously do a lot for that.”The highest-ranked team that OSU has defeated with Meyer at the helm was then-No. 16 Northwestern last season. The best ranking a team that OSU defeated has ranked at the end of the season under Meyer was No. 24 after the Buckeyes beat then-No.20 Michigan two seasons ago and the Wolverines fell for spots in the poll to end the season.However, tight ends and fullbacks coach Tim Hinton said he does not believe that OSU will be intimidated by the tough opponent.“The thing is, when you come to Ohio State University, is there any reason you don’t want to play in these kind of games?” Hinton asked. “You sign up for this. And this is what it’s all about. National TV, prime time and all that kind of stuff and getting an opportunity to play a great opponent and a Big Ten opponent and all those things are exactly why you signed up to come to Ohio State.”Bennett said that being the underdog against a top-10 team is something that his teammates aren’t shying away from.“I think we like it,” Bennett said. “This team is interesting to me because for the first time since I’ve been here, except for maybe my sophomore year, guys have really relished being looked at as overrated, or whatever it is. We’re here to prove something, we’re here to show that we’re a complete team, and it doesn’t really matter where people rank us.”Perry agreed that being the lower-ranked team on the road could actually end up helping with the team’s focus and intensity.“It feels good to be an underdog sometimes, because then a lot of people are looking at you and trying to see what you can do in that scenario,” Perry said. “A lot of the training we do here, you’re in a scenario where you either go or you don’t, so this is going to be a good one for us.”Bennett said the team’s motivating factor in beating its top-10 opponent is not shaking the national perception of the team, but rather winning each game as it comes.“It’s not about making sure everybody loves us in the country or respects us in the country, it’s about winning games and making sure that we have a chance to go where we want to go in the postseason,” Bennett said. “This game is just important for that because it’s the next game, and we have to win because they’re a good opponent.”OSU’s game against Michigan State is scheduled to kick off at 8 p.m. Saturday. read more


September 28, 2019 0

Marc Loving set for return as Buckeyes take on Spartans in East

After sitting out 3 games with an undisclosed suspension, sophomore forward Marc Loving is set to make his return against Michigan State on Feb. 13.Credit: Samantha Hollingshead / Lantern photographerThe Ohio State men’s basketball team has won five of its past six games, with the one setback coming in the first game of Marc Loving’s three-game suspension.Coach Thad Matta confirmed Friday the sophomore forward will make his return to the court against Michigan State on Saturday, with the Buckeyes looking to make it three wins in a row.Matta said Loving “definitely” makes OSU a better team, but added the Buckeyes have improved overall in the time he missed.“I like the strides that everybody on this team has made in his (Loving’s) absence,” Matta said.Loving’s suspension was announced just before the Buckeyes took on Purdue on Feb. 4 in West Lafayette, Ind. That game ended in a 60-58 OSU loss, then Loving missed out on the Buckeyes’ next road trip as well.But that time around OSU came out on top with a 19-point shellacking of Rutgers on the road Feb. 8 before trouncing Penn State, 75-55, at home on Feb. 11. Matta stressed the improvement over those three games, and said he’s not sure exactly how Loving will slot into the lineup against the Spartans.“Now where does he come back and fit in?” Matta said. “Hopefully like he did in the Maryland game.”The Buckeyes took on Maryland the game before Loving’s suspension, and the Toledo native made the most of 31 minutes off the bench, going 5-for-5 from 3-point land and tying his career high with 19 points.Against Purdue, the Buckeyes didn’t have Loving’s production as the player behind him — freshman forward Keita Bates-Diop — didn’t attempt a shot. But against Rutgers, Bates-Diop scored a career-high 14 points, and added seven more against the Nittany Lions.Bates-Diop said he took his chance with Loving out of the lineup, but added having him back in the lineup will give OSU a boost.“I saw it (Loving’s suspension) as an opportunity to step up and play well, and I did,” Bates-Diop said Friday. “Having Marc back, it just makes us a better team, it makes us a deeper team.”Senior center Amir Williams said Loving’s return will be “huge” for OSU because of his ability to bring multiple new dimensions to the offense.“(Loving’s) a guy that can stretch the floor,” Williams said Friday. “He can create his own shot by driving to the basket, he can also post up. He just provides different ways of scoring the basketball, so it’s definitely gonna be huge having him back this game.”With Loving’s added dimension out of the equation, the loss to Purdue marked the first time the Buckeyes were held to less than 60 points since a loss to Louisville back on Dec. 2.Matta said the Boilermakers’ defensive scheme is similar to what he expects from Michigan State, with the difference being that the Spartans will have to deal with Loving in addition to the scoring prowess of freshman guard D’Angelo Russell.“They (Michigan State) are a very active gap-oriented type team,” Matta said. “The principles that their defense is based on is very sound, just in terms of keeping guys in front of you, being physical on the cuts, stuff like that.”In addition to tough defense, Williams said the Buckeyes will be playing in one of the most hostile environments the Big Ten has to offer.“It ranks definitely in the top in the Big Ten, that student section can get pretty loud,” he said of Michigan State’s Breslin Student Events Center. “When they score the first basket the arena goes crazy, they start popping things and throwing things in the air.“It’s gonna be tough, we just gotta keep finding ways to continue to play through it.”While Loving will be back to boost the Buckeyes in East Lansing, Mich., Matta said he’s not sure if redshirt-senior forward Anthony Lee will be able to play after he missed the Penn State game with an injury.With Loving in the lineup, and Lee’s status in question, the Buckeyes are set to take on the Spartans at noon. read more


September 28, 2019 0