Residents ‘Construct’ Road with Hands in Buchanan

first_imgResidents of Harmonsville Township in Neekren Statutory District #5 in Grand Bassa County are constructing a 10-mile road with their bare hands. The residents, according to our correspondent, are implementing the project in the absence of government budgetary allotment for road construction in the district.The Commissioner of the township, Lawrence McCauley, told the Daily Observer at the project site that when completed, the road will link the district to Menneh and Barchue towns.While the road work was ongoing, Commissioner McCauley said the residents were also prepared to construct wooden bridges over five creeks along the route.He believes that when the road construction is completed, it will allow the inhabitants to have easy access to the township, as well as increase trade and commerce in the district.“This stretch of road, when completed, will be accessible to vehicles that will transport goods and services to faraway market places and also improve the locals’ social activities and living standards,” Commissioner McCauley said.For his part, Neekren Statutory District Superintendent, Josiah Jacobs, has lauded the residents’ initiative, and has therefore promised to assist.Commissioner McCauley has meanwhile appealed to the county leadership, all goodwill citizens and the many non-governmental organizations (NGOs) operating in the district to help the residents with at least L$150,000 to purchase food and other working implements for the workers to complete the exercise.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Wintry, wet weather expected to linger

first_imgAbout 2:26 a.m., several vehicles, including two big rigs, were involved in a crash along the westbound Foothill (210) Freeway transition in Pasadena, causing 100 gallons of diesel fuel to leak into the roadway, said CHP Officer Francisco Villalobos. Crews spent several hours cleaning up debris and the fuel spill before the road could be reopened around 9 a.m. There were no reports of injuries in the crash, he said. The CHP tallied 133 accidents between 5 and 9 a.m. Monday, compared with 57 accidents during the same time period Feb. 12, Villalobos said. All the accidents occurred in the CHP’s coverage area, which includes Los Angeles freeways, unincorporated areas of the county, and state routes in the county, he said. No fatalities have been reported so far, he said. “There’s minor complaints of pain, minor injuries, but a lot of crashes,” Villalobos said. “People are just driving too fast for the wet weather,” he said, noting many of the accidents are solo spinouts and cars hitting guardrails. City News Service contributed to this story. Monday patricia.ho@sgvn.com (626) 578-6300, Ext. 4586160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! It is expected to be partly cloudy today. The change in weather is due to a fairly strong low-pressure system moving a ridge of high pressure out of the area, Meier said. Saturday’s temperatures did not break any records. However, in downtown Los Angeles, a reading of 89 degrees tied a record set in 1890. The days are expected to get warmer after Thursday, with another slightly windy, but not quite as hot, weekend ahead, Meier said. Meantime, drivers traveling at unsafe speeds along slippery roads caused dozens of accidents on area freeways , according to the California Highway Patrol. • Photo Gallery: After the stormPASADENA – The weather made an abrupt turn over the weekend, with sunshine and 80-degree temperatures Saturday giving way to cold and rain overnight Sunday. Weather forecasters say the rainy weather will continue this week, with a chance of scattered showers Wednesday night through Thursday. “It will be more of the same compared with what we saw \[Monday,” said Jamie Meier, a meteorologist with the National Weather Service. last_img read more

New Fannie Mae Portfolio Hits MSR Market

first_imgNew Fannie Mae Portfolio Hits MSR Market November 19, 2013 510 Views in Secondary Market, Servicing “”MountainView Servicing Group””:http://mvch.com/, a provider of mortgage servicing rights (MSR) transaction and valuation advisory services, announced it is acting as the exclusive sale advisor for a Fannie Mae portfolio valued at $152 million (unpaid principal balance).[IMAGE][COLUMN_BREAK]The portfolio contains 100 percent fixed-rate, first-lien loans with a weighted average interest rate of 3.66 percent (3.90 percent on the 30-year product) and no delinquencies. The average loan size of the offering is $286,682.Most of the mortgages in the portfolio come from California, New Jersey, and Florida, with those states representing 40.8 percent, 33.2 percent, and 14.0 percent of the offering, respectively.Matt Maurer, managing director at MountainView Servicing Group and lead advisor on the sale, says these kinds of offerings are becoming more common as competition over servicing rights grows.””Several of our clients are taking advantage of the aggressively bid mortgage servicing rights market,”” Maurer said. “”And with margins compressed and origination volumes down, selling servicing at a gain holds a lot of appeal.””Written bids for the portfolio are due Wednesday, November 20, at 2:00 p.m. Eastern.center_img Agents & Brokers Attorneys & Title Companies Fannie Mae Investors Lenders & Servicers Mortgage Servicing Rights MountainView Service Providers 2013-11-19 Tory Barringer Sharelast_img read more