Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Small CLO Managers May Have Trouble Complying With Risk Retention Rule Data Provider Black Knight to Acquire Top of Mind 2 days ago While several strategies have reportedly emerged to help small CLO managers who may be having trouble complying with the new risk retention rule, which was finalized in October 2014, but how effective these strategies are in achieving that goal remains uncertain, according to an announcement from Fitch Ratings.While the number of issuers in the CLO market increased by 65 percent in 2013, with 47 new mangers entering the market from the start of 2013 until October 2014, Fitch said it expects the number of small CLO managers to decline this year due to industry consolidation in anticipation of the risk retention rule going into effect in 2016.Investors of CLOs of smaller managers must also consider that smaller managers with limited resources may underutilize governance, risk management, investment processes, and operational controls. Smaller CLO managers may also be more vulnerable to business concentration and smaller asset bases, and they may lack a clear distribution network, according to Fitch.To address these considerations, the market increased the number of backup managers added to less experienced issuers of newer CLOs, which in many cases are large, frequent CLO issuers. These backups are expected to be named as replacement mangers when a breach is committed, or where there is “cause” as defined in the collateral management agreement, according to Fitch. The effectiveness of using these backup managers remains a question mark, however, since regulators have not stated whether the backup managers will be subject to the risk retention rule.”In our view, new managers with adequate administration capabilities, thorough indenture review procedures, advanced portfolio setup procedures and strong modeling tools can limit these operational risks,” Fitch said in the announcement. “We recommend investors monitor managers’ compliance with their investment guidelines.”The risk retention rule was originally proposed in August 2013 and finalized in October 2014. The final rule defines a qualified residential mortgage (QRM) and exempts securitizations of QRMs from the risk retention requirement, and it aligns the QRM definition with the CFPB’s definition of a qualified mortgage. Agencies must also review the definition of a QRM no later than four years after the rule’s effective date respective of the securitization of residential mortgages – and every five years thereafter. Additionally, each agency can request a review of the QRM definition at any time under the new rule.The final rule was issued jointly by several government agencies, including the Federal Reserve, FHFA, HUD, and FDIC. It is scheduled to go into effect one year after publication in the Federal Register for residential mortgage-backed securities and two years after publication for all other types of securitization. Tagged with: CLO Managers Collateralized Loan Obligations Risk Retention The Best Markets For Residential Property Investors 2 days ago Share Save Previous: Wisconsin Representative Continues CFPB Reform Efforts With Series of Proposals Next: Senate Banking Committee Chairman Calls for More Accountability from Fed The Week Ahead: Nearing the Forbearance Exit 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. Related Articles Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago CLO Managers Collateralized Loan Obligations Risk Retention 2015-03-06 Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Home / Daily Dose / Small CLO Managers May Have Trouble Complying With Risk Retention Rule Subscribe The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea March 6, 2015 927 Views Print This Post
A quantity surveyor downed five drinks before fleeing from Gardai and crashing into a car with five young women in it.James O’Reilly appeared before Letterkenny District Court facing five charges of dangerous driving and endangerment. The court heard O’Reilly, who didn’t even like rallying, had been attending the Donegal International Rally with friends on June 17th last year.The 25-year-old was spotted by Gardai driving his Seat Leon leaving Ballyraine in Letterkenny just after midnight.They followed the car and O’Reilly decided to try and escape.He overtook vehicles at speed, went the wrong way around two roundabouts before colliding head-on with another car on the wrong side of the road.The car, which contained five young ladies, was damaged and at least one of the woman was injured.The charge read that O’Reilly “drove his vehicle at high speed in an aggressive and dangerous manner, overtook vehicles on approach to roundabout, entering roundabout against the flow of traffic and colliding head-on into an oncoming vehicle.”Letterkenny Court.O’Reilly, with an address at Darkley Road in Co Armagh, but who now lives in Monaghan, fled from his car.He tried to escape on foot but Garda Michael Kilcoyne gave chase and eventually caught him and arrested him.O’Reilly failed to provide a specimen of breath when arrested and taken to Letterkenny Garda station.Solicitor for the accused, Mr Frank Dorrian, said his client was a senior quantity surveyor who came from a very respectable family and had ben accompanied to court by his mother.Mr Dorrian said his mother was not an apologist for her son but said he was the eldest of a family of four and that none of the other siblings had been in trouble.Judge Paul Kelly ordered a probation and community service report on O’Reilly.However, he warned “It is clearly a matter which suggests a sentence be given under the circumstances.“However, I note the plea and the fact that he has no previous convictions. I will fully explore all the options but I will not limit myself to those options.”He adjourned the case until December 9th.Quantity surveyor downed five drinks before head-on crash with five women was last modified: September 12th, 2019 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)
The easiest way to win a debate is to simply disallow your opponent, and then declare victory by forfeit. Is that what supporters of Darwin are doing to their critics?The winner is: Darwin: PhysOrg reported favorably on a book by Mano Singham (Case Western Reserve University) that declares victory against creationism and intelligent design: e.g., “The Dover case, says Singham, also brings the curtain down on the long history of religious groups trying to breach the wall between church and state.” Neither Singham nor PhysOrg allowed the other side time to rebut this and other claims. No, despite the fact that the Discovery Institute wrote a detailed rebuttal to this conception of what happened at Dover, and has repeatedly answered such claims on its Evolution News and Views web page, the title states as a matter of fact, “Science wins fight over evolution in schools, says Case Western Reserve University author.” The article gives him the victory lap at the end, too: “For now the battle between religion and Darwin has been won by science, says Singham.”Inherit the Wind won’t die: Despite numerous misrepresentations of the Scopes Trial, the play Inherit the Wind still makes the rounds. It’s playing in London. Celeste Biever mushed over the play in New Scientist and reflected on its bittersweet lessons about how science trumps religion, but how sad it is that so many well-meaning people can’t let go of their faith. In her article Biever recounted an event from the Dover trial that never happened. She claimed Michael Behe said astrology would count as science and the courtroom erupted in laughter. Behe has answered this claim with clarification that Biever was misunderstanding his statement and that the laughter was at a different time about a different matter (check Uncommon Descent archives). Of course, his side of the story was not allowed into the article.Selective book reviews: Lawrence D. Hurst reviewed two pro-evolution books for Nature.1 His article shows a photo of Dawkins proudly holding a copy of his book The Greatest Show on Earth. To Hurst, the only controversy between the pugilistic Richard Dawkins and the gentlemanly Carl Zimmer was which approach is most likely to be effective in smashing creationists over the head. “So which is the better strategy for explaining the difference between fact and fantasy: that of the quiet American or that of the British Rottweiler? Zimmer makes the facts palatable but Dawkins reminds us that some people persist in their beliefs even if they are profoundly contradicted by observation and logic,” Hurst declared. Sounds like he supports the Dawkins approach.It has been a fairly well-known phenomenon that a faceless army of anti-I.D. editors scours Wikipedia daily to maintain their lies about intelligent design supporters. This is true for other controversial figures like Rush Limbaugh, too. Some I.D. scientists have corrected factual errors on pages about themselves, only to find their corrections overwritten almost immediately with the same lies. Wikipedia maintains no method of accountability for editors and no method for targets of these lies to get them corrected. Because of this, no one should consider Wikipedia a reliable source for information – particularly on controversial topics like evolution and intelligent design.1. Lawrence D. Hurst, “Showcasing the evidence for evolution,” Nature 461, 596 (1 October 2009) | doi:10.1038/461596a.The Darwinists are not above telling outright lies in pushing their views in the media. “Our enterprise has established facts and we should have the confidence to say so. Evolution is one such fact,” says Hurst, conveniently equivocating over the word evolution. Celeste Biever lies about Behe but calls Darwin “the man who has contributed more than any other to our understanding of where humanity came from” (a majority might give that honor to Jesus Christ). Singham repeatedly portrays critics of Darwin as violating separation of church and state. These three examples of Darwin debating tactics (e.g., one-sided presentations) are riddled with simplistic either-or fallacies, glittering generalities, outright lies and half-truths. In a real debate they could not get away with it. They do what is typical of leftists and radicals: shut the other side up, and declare victory. Wasn’t that tactic famously displayed in certain totalitarian dystopias over the last century? We report both sides and give you original sources so that you can judge for yourself. In other words, we respect your freedom and the dignity of your individual intellect.(Visited 13 times, 1 visits today)FacebookTwitterPinterestSave分享0
Share Facebook Twitter Google + LinkedIn Pinterest Ohio’s fall colors are truly spectacular. According to the Ohio Department of Natural Resources (ODNR), this year’s season should be good, with hints of reds and yellows already showing in the state’s forests. A variety of outdoor events makes October the perfect time to get out and enjoy Ohio’s colorful landscape.Fall Festivals, Halloween and Fall Campouts at Ohio State Parks – As leaves begin to turn, Ohio’s state parks will be offering fun fall activities for the whole family. From trick or treat events and parades, to hayrides and children’s games, there is something for everyone. For more information, check out events at parks.ohiodnr.gov/calendar or at naturepreserves.ohiodnr.gov/calendar.Apple Butter Festival at Mt. Gilead State Park – A popular annual event, the festival runs Friday, Oct. 7, through Saturday, Oct. 8. Bring the kids and participate in apple peeling and coring on Friday for Saturday’s apple butter making and country breakfast. Other activities include a fishing competition, costume contests, games, campsite judging and trick or treat at the campground. For more information, please call 419-946-1961.Fall Hiking Series at Burr Oak State Park – Explore different sections of Burr Oak State Park during this hiking series, with all hikes being 3-miles to 4-miles long, and all hikes starting at 10 a.m. The next hike will take place on Saturday, Oct. 8, and participants should meet at Tom Jenkins Dam. Another hike will start at the lodge boat ramp on Saturday, Nov. 5, and the final hike will leave from the ranger office on Saturday, Nov. 19. For more information, call 740-767-3570.Lyon Falls Geology Hike at Mohican State Park – On Saturday, Oct. 8, join ODNR naturalist and geologists to hike an area known for its fascinating geologic history. Participants should meet at the Mohican State Park covered bridge picnic area. The 4-mile hike will last from 10 a.m.-1 p.m. For more information, call 419-994-5125.Fall Hike at Lake Hope State Park – Enjoy a slow-paced 3-mile hike at Lake Hope State Park from 9-11 a.m. on Saturday, Oct. 15. The hike will start at the shelter house and end at the Hope Furnace. After arriving at the Hope Furnace, hikers will be greeted by park staff and The Friends of Lake Hope with soup, cornbread and sassafras tea. Shuttles will return people to their cars at the shelter house. Call the park office at 740-596-4938 for more information.Fall Hike at Shawnee State Park – Take an invigorating 5-mile walk through the park taking in both lakes in a blaze of fall color on Saturday, Oct. 15, from 9-11 a.m. at Shawnee State Park. Enjoy hayrides around the campground and fresh apple butter and cider. Call the park office for more information at 740-858-6652.Grandma Gatewood’s Fall Color Hike at Hocking Hills State Park – Celebrate the season’s colors on Saturday, Oct. 15, from 1-5 p.m. Meet the naturalist at the Old Man’s Cave Visitor Center for this rugged 6-mile hike, going from Old Man’s Cave to Cedar Falls and back while enjoying the scenic beauty and cultural personality. This strenuous hike includes hills and steps. For more information, call 740-385-6842.Geology Hike at Clifton Gorge State Nature Preserve – Visitors are invited to participate in a hike on Saturday, Oct. 15, from 1-4 p.m. Join ODNR staff for a hike through Clifton Gorge State Nature Preserve into John Bryan State Park to learn how the Little Miami River carved through Ohio’s bedrock to form one of Ohio’s most scenic landscapes. Meet at the Jackson Street parking lot on 168 Jackson Street in Yellow Springs. For more information, call 937-767-1274.People interested in up-to-date details on where the most brilliant fall foliage will appear in the state should check out fallcolor.ohiodnr.gov, Ohio’s official guide to the changing colors. ODNR and TourismOhio encourage people to take fall color photos and upload them to social media using the hashtag #OhioFall16.
Senior leaders of the Bharatiya Janata Party (BJP) are hopeful that the political logjam in the State would end soon, following a meeting between Prime Minister Narendra Modi and Nationalist Congress Party (NCP) chief Sharad Pawar in Delhi on Wednesday. Mr. Pawar met the Prime Minister in Parliament on Wednesday to discuss the looming agrarian crisis in Maharashtra. However, senior BJP leaders said the meeting did involve talks on the political situation in Maharashtra. They said it has reignited hope that the party is not yet out of contention for government formation, even as talks between the Shiv Sena, NCP and the Congress appear to be heading towards some conclusion. “We are confident of forming the government. Maharashtra will only get a BJP-led government in future,” Ashish Shelar, senior party leader and member of the party’s core committee, said. The meeting between the two leaders set off speculation in political circles that the BJP and NCP were trying to strike a deal to form a government.But BJP leaders denied any back channel talks were on with the NCP. “This is mere speculation. When we want to talk with a party, we will not be clandestine about it,” a senior BJP leader and former State minister said. The BJP leadership also denied rumours that the two parties have struck a deal promising three cabinet berths to the NCP in exchange of support for government formation. “There is also talk that the Prime Minister has promised Mr. Pawar the post of the next President and has agreed on a 50:50 formula, with the BJP and NCP sharing the post of the chief minister. These are unverified reports,” the BJP leader said. Rumours of the BJP and NCP opening back channels for talks are not new. Previously, speculations were rife that a prominent industrialist from Mumbai was trying to broker a deal between the two. But these reports were quickly dismissed by leaders of both parties.
This is your last chance to nominate your team for the inaugural Touch Football Australia Champions League event, which will be held in conjunction with the 2013 X-Blades National Youth Championships in Caloundra in September. Club-based sides from across Australia are invited to compete in the event to determine who are the best club teams across the nation.Imagine the 2012 NSW State Cup and Vawdon Cup winning Women’s Premier League champions, Easts Roosters taking on the Cobras Cup winning side, Dodgers, or the 2013 WA State Championships Men’s winners, the Wanneroo Lions battling it out against 2012 ACT Super League winners, the Woden Eagles.For more information, please click on the following attachments. Related Filesnyc_memo_-_17-6-2013_01-pdfteam_nomination_form_-_2013_cl__indicative_-xls_01-xlsxRelated LinksChampions League
About the authorCarlos VolcanoShare the loveHave your say Juventus boss Sarri unconcerned with Serie A tableby Carlos Volcano6 days agoSend to a friendShare the loveJuventus boss Maurizio Sarri insists he’s unconcerned with the Serie A table at this stage this season.Juve meet Bologna this weekend.Sarri said, “We’re not interested in the table at this stage, we must be aiming to get better and better.“What happened at San Siro no longer matters. I want to see my players focused on a difficult match because the international break is always dangerous.“It seems cliched, but removing a player from one context, that being the club, and putting them in another can create problems: it’s not easy to bounce from one style of play to another.“I don’t know if the game against Inter changed anyone’s mind about us. Scepticism towards me is something I’ve always lived with, and I don’t mind it that much.”
scoreboard at memorial stadium comes downDon’t worry, Oklahoma fans. What you’ll see in the below video was planned.Thursday night, Oklahoma purposely knocked down the skeleton of its scoreboard at Memorial Stadium, making way for a new video board that will span 8,750 feet. According to Tulsa World, the panels that accompanied the skeleton were removed and will be sold off.The new board will be up before the 2016 season.It’s gonna be Sweet #Brackets #OUDNA #BGB #SoonerMagic #Big12Champs pic.twitter.com/TUvnWf2h6E— Coach Drew Hill (@OU_CoachHill) December 3, 2015Video of the board coming down pic.twitter.com/0JP9oMRMmc— Siandhara Bonnet (@SiandharaB) December 3, 2015Despite the construction, Oklahoma’s 2015 campaign isn’t over. The Sooners are likely headed to the College Football Playoff.