Earthquakes and California MBS

first_img Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles in Daily Dose, Featured, Investment, News, Secondary Market California CMBS Disaster RMBS 2019-07-11 Seth Welborn Share Save July 11, 2019 1,081 Views Home / Daily Dose / Earthquakes and California MBS The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago According to Fitch Ratings, recent California earthquakes should have no impact on the ratings of Residential Mortgage Backed Securities (RMBS). Fitch notes that less than 1% of Fitch-rated RMBS pools have exposure to the areas affected by the earthquakes. Fitch states that less than 1% of Fitch-rated RMBS pools have exposure to the areas affected by the earthquakes, noting that the multiple earthquakes in California last week were in sparsely populated areas.Within the affected areas, Fitch does expects the impact on residential mortgage performance to be modest, and according to Fitch’s data, natural disasters since 1990 have only had a temporary influence on borrower behavior, with delinquency typically returning to pre-disaster levels within 12-18 months.According to Fitch, future natural disasters may bring about more risks, and may impact mortgages more drastically moving forward.“The relatively limited amount of time residential borrowers have been affected by natural disasters in recent decades was mitigated by private insurance, federal disaster funding and stimulus to the economy driven by the recovery, such as construction and repair work,” Fitch states. “Fitch recognizes that future natural disasters may be more severe than those experienced over the past 30 years, potentially resulting in a longer, and more significant, impact on borrower mortgage performance.”Fitch also covered Commercial Mortgage Backed Securities (CMBS). Unlike residential properties, commercial properties do not typically include earthquakes in their insurance coverage. According to Fitch, CMBS exposure in Southern California consists of approximately $34 billion on 2,377 properties, but no negative rating actions are expected for Fitch-rated CMBS with exposure to properties in the region, given servicer advancing, insurance coverage typically required of CMBS loans and strong sponsorship among the larger affected properties. Fitch ratings expects to receive Significant Insurance Event Reports from CMBS master servicers within two to three weeks of events. Demand Propels Home Prices Upward 2 days ago  Print This Post Earthquakes and California MBS Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: State of Emergency Declared For Louisiana Next: Technology Being Used to Battle Affordability Concerns About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: California CMBS Disaster RMBS 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. Sign up for DS News Daily Subscribelast_img read more

Rivers Hoopers drawn in Nile Conference of Basketball Africa League

first_imgNigeria’s representative at the inaugural edition of the Basketball Africa League, Rivers Hoopers have been drawn in the Nile Conference alongside Zamalek of Egypt, Union Sportive Monastirienne of Tunisia, Mozambique’s Ferroviario de Maputo, Forces Armes et Police Basketball (FAP) of Cameroon and Patriots Basketball Club of Rwanda. Each team will play the five opponents in their Conference in three different cities once. The top four teams in each Conference will advance to the single-elimination playoffs in Rwanda scheduled for May. Rivers Hoopers will play their five games in Tunisia, Egypt and Lagos. Meanwhile, official kit sponsors of the BAL Nike and Jordan unveiled jerseys for the teams during the NBA All Star Weekend held on 15 February, 2020 in Chicago. Hoopers and five other teams will be kitted by Nike while the other six will be kitted by Jordan. The two kit sponsors will provide the teams with jerseys, warm up apparel, socks and practice gear. Rivers Hoopers have since intensified training as they get set to participate in the inaugural Basketball Africa League. FacebookTwitterWhatsAppEmail分享 Loading… Games in the Nile Conference will tip-off on March 20 in Monastir, Tunisia. Rivers Hoopers are among 12 teams from 12 African countries that will compete in this year’s Basketball Africa League. Champions from national leagues in six countries – Nigeria, Angola, Egypt, Morocco, Senegal and Tunisia were guaranteed a spot in the inaugural BAL season while the remaining six teams from Cameroon, Rwanda, Madagascar, Mali, Algeria and Mozambique secured their tickets through qualifying tournament. The 12 teams have been drawn into two Conferences with six teams in each group – Sahara Conference and Nile Conference. While games in the Nile Conference will tip off on March 20, action in the Sahara Conference will dunk off a week earlier on March 13 in Dakar.Advertisement Promoted ContentYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime9 Celebrities Who Look Older Than They Really AreEver Thought Of Sleeping Next To Celebs? This Guy Will Show You11 Most Immersive Game To Play On Your Table TopUnderappreciated Movies You Missed In 2019Insane 3D Spraying Skills Turn In Incredible Street ArtBirds Enjoy Living In A Gallery Space Created For ThemBest Car Manufacturers In The WorldMind-Bending Technology That Was Predicted Before It Appeared13 kids at weddings who just don’t give a hoot8 Most Expensive (And Surprising Things) Keanu Reeves Ever Bought5 Of The World’s Most Unique Theme Parkslast_img read more

Brusches Classic basketball: Ravens eliminate Guardians, Jets stop Bulls to reach semi-final playoffs

first_imgBY Joe ChapmanFORMER champions Ravens secured a semi-final berth with a 74-65 victory over Plaisance Guardians, while Amelia’s Ward Jets inflicted a 80-54 whipping of Half Mile Bulls, to also qualify for the final four showdown after day two of the 6th Brusches Classic Invitational basketball championships on Sunday night at the Mackenzie Sports Club hardcourt.Playing in the first game, Ravens returned to competitive basketball with an impressive display as they held a 18-17 first quarter edge, and while they shared a 14-14 second quarter exchange, they remained slightly ahead 32-31 at half time.Ryan Stephney stepped up his game in the second half and engineered his team’s somewhat surprise win after Guardians had reached the recent Open final in Georgetown.In the third quarter, the Ravens took away the game from their opponents with a 28-9 run and they were able to stave off the final surge by the Guardians who rebounded with a 25-9 run but were unable to catch their opponents who now face Colts in the first semifinals on Friday night.Raven’s captain Ryan Stephney had a game high 26 points, while good support was received from Jermain Slater who netted 13 points while Tyrone Hamid and Ryan Gullen each contributed nine for the winners.Nikkoli Smith was the best player for Guardians with 25 points as N. Yisrael added 11 and T. Woolford 10.In the other game, Jets made light work of Half Mile Bulls with a flying start as they ended the first quarter leading 24-8 and while Bulls were able to outscore the Jets 16-15, the first half ended with Jets in the lead 39-24.They then made a move to take the game out of the Bulls sight with a 25-16 run to head into the last quarter ahead 64-40 which proved too much for the Bulls and when the final whistle came, it was smooth sailing 80-54.Akeem Kanhai was the floor leader for the Jets as Adrian Webster played well inside to top score with 14 points with Kanhai notching up 13 while Joel Webster and Donnel Benjamin added 10 apiece.For the Bulls, who missed the inside presence of Travin Dryden, Michael Turner led them with 15 points with Terron Welch getting 13 and Vibert Benjamin 12 points.Semi-finals are set for Friday when Ravens face Colts and Royals take on Jets.last_img read more

NBA free agency: Willie Cauley-Stein ready to ‘move on’ from Kings, his agent says

first_imgAfter four seasons with the Kings, center Willie Cauley-Stein is ready to move on. His agent told the Sacramento Bee that he has asked the Kings to allow his client to become an unrestricted free agent.  Raptors’ Danny Green on potential White House visit: ‘Hard no’ The Kings released a brief statement in response to Montgomery’s comments.“Willie is a great player who has shown he can fit our style of play,” the team said. “Beyond that, we can’t comment further.”Cauley-Stein, 25, was selected by Sacramento with the sixth overall pick in the 2015 NBA Draft. Montgomery added: “I’m hopeful they will not even give Willie his qualifying offer.”Cauley-Stein led the Kings to a 39-43 record last season while averaging 11.9 points on 55.6 percent shooting, but his agent feels that the center won’t reach his full potential with Sacramento.”We haven’t felt that he’s been able to get what has been necessary for him to be able to lead the franchise the way he wants to,” Montgomery said. “We are very, very thankful for the opportunity that was presented to him, but we just think it’s not working. It’s not going to work. It’s just time for a fresh start. We need a fresh start and maybe the Kings do, too.” “I really think Willie needs a fresh start,” said Roger Montgomery, a representative of Roc Nation Sports. “Based on how things have gone for him there in Sacramento, I just think it’s time for Willie to move on and we’d really like him to move on.”Cauley-Stein finished the final year of his four-year contract and the Kings have until June 30 to extend a qualifying offer to make the center a restricted free agent. That would allow the Kings to match any offer Cauley-Stein receives from another team.  Related Newslast_img read more

STGC ready to Glenmuir fight

first_imgSt George’s College go into today’s FLOW/ISSA Super Cup quarter-final game against Glenmuir very mindful that they exited the tournament at this very stage last season.Wolmer’s stunned the North Street school 3-0 to advance to last season’s semi-final. However, assistant coach Marcel Gayle says the team is determined to get past the last eight, and into the final this year.”Last year, we were in the same position and we lost, and it cost us, so we cannot take anything for granted. We will have to do what we have to to get the win,” he said.Many people have placed a question mark on St George’s character and their ability to fight to the death, with many calling Neville ‘Bertis’ Bell’s team soft.However, since the end of the first round, the ‘Light Blues’ have raised their game to another level and their early-round vulnerability seems to be in the distant past, as they have toyed with opponents in their last four matches, with only St Jago putting up any real resistance to their offensive onslaught.But although they start favourite against the wily Patrick ‘Jackie’ Walters and his Glenmuir side for the contest, Bell does not expect a walkover and insists that his players will roll up their sleeves and fight tooth and nail if that is required.”We know it’s not going to be a stroll in the park and we will probably have to dig deep and show our determination and our character, but we will if we have to,” he continued.Alex Marshall continue to lead the way for Bell’s team with an impressive 16 goals in all competitions. He has been greatly supported by Shevon Stewart (12) and Gregory Messam Jr (12).Marshall and Stewart, in particular, have proven to be a handful for most teams, and if they are allowed to have their way again today, St George’s will only take the game today.Although the ‘Georgians’ have conceded nine goals this season, their attack more than compensate for their shortcomings in defence, with over 51 goals scored so far this season.last_img read more

Rail strike leads to traffic jams in Germany

first_imgBERLIN — German train workers have gone on strike, leading to cancellations in the country’s long-distance and commuter rail system and making tens of thousands of employees and school children late.Employees of Deutsche Bahn, the country’s biggest rail system, went on strike Monday morning for several hours after failing to reach a deal on pay in their current wage negotiations.The German news agency dpa reported that in some parts of the country such as Bavaria almost all trains came to a halt in the morning, leading to traffic congestion on the roads as people struggled to make it to work on time.The EVG labour union had called for the strike, which is a common tactic during wage negotiations in Germany.The Associated Presslast_img read more

Enhanced chainup regulations are now in place for commercial vehicle operators

first_imgPrevious regulations required vehicles over 27,000 kilograms to carry and use traction devices, with only one wheel needing chains during winter conditions and mandatory chain-ups.  The new, more all-encompassing enhancements clarify requirements for all commercial vehicles over 5,000 kilograms:* Vehicles less than 11,794 kilograms – like buses or five-ton trucks – must use chains on a minimum of two tires and can use steel chains, cable chains, automatic chains, socks or wheel sanders, if not equipped with winter tires.* Vehicles 11,794 kilograms or more must use steel chains, and the number of tires needing chains ranges from a minimum of two tires for vehicles without a trailer, to six tires on some larger and more-demanding configurations.“Last winter, 33 of 35 extended closures on the Coquihalla involved commercial vehicles, and in most cases, this was due to truck drivers either poorly installing chains or not using them at all,” said Claire Trevena, Minister of Transportation and Infrastructure. “While most drivers do chain up during winter weather, these new regulations and the stricter fines that will follow will improve safety and hopefully reduce the number of closures.”For more information on the chain-up regulations and fines; CLICK HERE VICTORIA, B.C. – The Ministry of Transportation and Infrastructure implemented stricter chain-up regulations for commercial vehicle operators to improve vehicle performance during winter conditions which will keep B.C. highways safer.The Ministry recognizes the short notice the commercial vehicle industry is being given and will balance safety and reliability with giving the industry time to adjust its practices to the new regulations.Commercial vehicle safety and enforcement officers will provide information and education to drivers over the coming months before stricter fines are implemented and enforced later this winter. The values of the escalating fines for non-compliance are being evaluated and considered. Previously, drivers faced a base-level fine of $121 for not carrying chains or not installing them when required to do so.last_img read more

EC removes Tripura West seats returning officer

first_imgAgartala: The Election Commission on Thursday removed the returning officer of the Tripura West seat, where polling was held on the first phase on the Lok Sabha elections on April 11, an official said. “The Election Commission removed the returning officer of the Tripura West seat Sandeep Mahatme. Tripura East’s returning officer, Vikas Singh, has been appointed in his place,” an Election Commission official, who did not want to be identified, told IANS. Also Read – India gets first tranche of Swiss account details under automatic exchange framework Alleging large-scale rigging, booth capturing, intimidation and attacks on voters and polling agents by the ruling Bharatiya Janata Party (BJP) members and their goons, the opposition Communist Party of India-Marxist (CPI-M) and the Congress had been demanding re-polling in the constituency. They had also been demanding Mahatme’s removal. The EC order issued by Secretary Arvind Anand, and available with IANS, relieved Mahatme, the District Magistrate of West Tripura, from election-related duties. It also asked Vikas Singh, the District Magistrate of Dhalai, to join his new posting by Thursday. Also Read – Trio win Nobel Medicine Prize for work on cells, oxygen According to the official, Tripura’s Chief Electoral Officer Sriram Taranikanti has been asked to send a panel of names by Thursday to be appointed the new District Magistrate of Dhalai. While polling was held in Tripura West on April 11, voting in the Tripura East seat, slated for the second phase of April 18, was deferred to the third (April 23) by the poll panel, citing the “non-conducive security situation”.last_img read more

Ohio State softball using early tests as measuring sticks

The Big Ten season is still more than a month away, but the early season tournaments that prepare the Ohio State softball team (7-3, 0-0) for the grind of conference play are starting to heat up. The OSU softball team travels to Cathedral City, Calif., on Friday to participate in the Mary Nutter Classic, where it will play five games over the weekend, two against ranked opponents (No. 11 LSU and No. 14 Arizona, both on Friday). “The Mary Nutter Classic is one of the premier tournaments every year, so of course the girls are excited,” said first-year coach Kelly Kovach Schoenly. “We’re going to play some ranked opponents … but the game doesn’t know who’s ranked, so you just have to go out there and play it.” The tournament comes about a week after OSU’s participation in the Jacksonville University Tournament, which saw the unranked Buckeyes go 3-2 on the weekend, including a 1-0 upset of No. 16/17 Louisville. “We came out strong,” said sophomore outfielder Taylor Watkins. “We should have beat some teams, but we did our best and stuck together in all the situations we were put in.” The biggest news from the weekend in Jacksonville was the emergence of sophomore pitcher Alex DiDomenico. The 5-foot-9 right-hander from Youngstown, Ohio, completed 15 innings for the weekend, holding batters to a .130 average. Her four-hit, eight-inning shut-out of Louisville was the centerpiece to a weekend that saw her named Big Ten Pitcher of the Week on Monday, her first such honor. “I was really happy about it,” DiDomenico said. “I was shocked actually, but I mean, it felt really good.” Her coach echoed the Big Ten’s praise. “I think Alex has grown a lot in the last six months,” Schoenly said. “When she hits her spots, she can have a lot of success, and I think it’s a really big confidence boost for her.” The Buckeyes sport a 2-1 record against ranked foes on the year. Their single defeat was a 6-1 loss against then-No. 8 Georgia on Feb. 8 in Athens, Ga., a defeat they avenged the next day with a 5-4 win. “The competition is what I’m really looking forward to,” DiDomenico said. “I think it will be a good experience … we’re just working to get better. We can never get too good.” Visit www.thelantern.com for the rest of this story. The Buckeyes are using these early season tests as measuring sticks as they head toward the Big Ten season, which for them begins on March 22 at home against Indiana. “It shows us who we can beat and how good we are and what we need to work on,” Watkins said. “It shows us that we can play against those ranked teams.” While OSU knows these early season games are valuable learning tools, the team knows the real test begins once conference play starts. Schoenly is focused on keeping the team concentrated on the present and getting better each day as conference season looms. “We fully expect to be better a month from now than we are now, because we’re better now than we were a month ago,” Schoenly said. “If they just keep buying into the fact that we need to continue to get better as the season goes on, we’ll be ready when conference season comes.” The Mary Nutter Classic begins Friday and ends Sunday. OSU is scheduled to play No. 11 LSU, No. 14 Arizona, California Polytechnic State University, San Diego State and Utah on the weekend. read more

Ohio State tight ends Jeff Heuerman and Nick Vannett set for big

Lantern file photoThen-sophomore Jeff Heuerman catches the winning touchdown against Purdue on Oct. 20, 2012 at Ohio Stadium. OSU won, 29-22.Heading into fall camp, the Ohio State football team found itself surrounded by questions of who would step up and start in multiple positions on both sides of the ball.Tight ends coach Tim Hinton is head of a unit that had such a problem, but you won’t hear a word of complaint from him.Unlike positions such as the defensive line and linebacker (aside from second team All-Big Ten linebacker Ryan Shazier) who were left with a compilation of young, inexperienced players to choose from, Hinton has two talented tight ends who spent significant time on the field in 2012.Junior Jeff Heuerman and redshirt sophomore Nick Vannettcombined for 17 catches, 217 yards and a touchdown last year, and both are looking to earn a role as the team’s No. 1 tight end.Hinton, though, is not convinced that there will even be a No. 1 guy this year.“I think there’s a (No.) 1 and (No.) 1 A, and I think it depends on what we’re doing. Each has certain strengths that they are better than the other at,” Hinton said. “I don’t feel uncomfortable with either one going in and playing a whole game nor do I feel uncomfortable spotting them in the right places.”When asked if the Buckeyes would look to employ a two tight end set, a system gaining traction in today’s NFL landscape, Hinton made it clear he likes the idea of multiple tight ends.“We certainly want to stretch some football teams and put two tight ends out there and have to play spread football from two tight ends, and hopefully we can do a great job of that,” Hinton said.During camp, both tight ends have been developing a chemistry on the field that can really help the team, according toHeuerman.“We work really well together. This offense is so fast and up-tempo and demanding, especially on the tight ends and all the things we have to do,” Heuerman said. “It’s almost impossible for it just to be run with one tight end. Him and I complement each other really well and I think together it’ll be a fun year to watch.”Offensive coordinator and quarterbacks coach Tom Herman has seen the advantage that having both Heuerman andVannett can bring to the offense.“The good thing about us being no huddle is we don’t have to take those guys off the field. We don’t have a blocking tight end and a pass-catching tight end. We’ve got two tight ends that can line up and do both things,” Herman said. “It allows us to play faster, it allows us to keep the entire offense in as a one personnel group.”Hinton said the use of an uptempo offense with more than one tight end gives OSU an advantage over their opponent.“The whole premise of being no huddle is to keep the defense on the field and get them running around, get them tired. If you’re subbing guys out that have specialty roles, then the defense is allowed to substitute too,” Hinton said. “I think the biggest flexibility offensively comes in the fact that they can do both things very, very well.”Heuerman attributes his growth during camp to the extra time he has had in coach Urban Meyer’s offense when compared to the start of last season.“This is my second year in the program so I understand it a lot more. Understanding the program and how everything works with the culture and everything has really helped out,” Heuerman said. “On the field, second year in the offense, knowing what to do rather than just lining up like it was last year. I think it’s really helped me succeed.”With the addition of new players from coach Urban Meyer’s first recruiting class who are expected to contribute right away as well to the improvements the veterans have made this offseason, distributing the football could be a point of emphasis all season. But Heuerman wants to contribute in any way he can, as long as the team keeps winning.“The more weapons you got, the better you’ll be. If that means I get less catches or less opportunities and we win and get to where we want to get, then I’m perfectly fine with that,” Heuerman said.Further down the depth chart, things seem to get a little more dicey, with the loss of redshirt freshman Blake Thomas to a career-ending neck injury in addition to the suspension of freshman Marcus Baugh for the season opener.Redshirt junior J.T. Moore is helping to fill the holes left by Thomas and Baugh, making the switch from defensive end to tight end last week. Heuerman said he is fitting into his new role well.“He’s doing good. That’s a tough transition going from defensive end to tight end. It’s two totally different worlds and he embraced the change really well,” Heuerman said. “He’s been doing really good with us, he’s been blocking really well. I think we’ll definitely see him in there in some two tight end packages and stuff and goal line and stuff.”But Hinton is not going to worry about the tight end position as long as Vannett or Heuerman is on the field.“When 86 (Heuerman) and 81 (Vannett) are out there, I feel really comfortable. When it’s the young guys right now, I don’t feel near as comfortable. I mean God bless them, they’re working hard, but they’re not there yet,” Hinton said. read more

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