NAFCU, trades urge support of ‘points and fees’ bill

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Support was lodged by NAFCU and other trades Monday for H.R. 685, the “Mortgage Choice Act,” a bill up for committee mark-up today that would clarify the definition of “points and fees” under the Truth in Lending Act and applied in CFPB’s qualified mortgage rule.The bipartisan bill was introduced by Reps. Bill Huizenga, R-Mich., Gregory Meeks, D-N.Y., and seven others. It is among the multiple NAFCU-backed regulatory relief bills being marked up by the House Financial Services Committee today.“By clarifying the QM rule’s definition of fees and points, H.R. 685 will enhance competition in the mortgage and title insurance markets and will ensure that consumers have greater access to mortgage credit and will be able to choose the lenders and title providers best suited for their individual needs,” the joint letter said. NAFCU and eight other trades sent the letter to all members of the House; other signers included the Mortgage Bankers Association, the National Association of Realtors, CUNA and the National Association of Home Builders.The committee will also mark up a series of other bills, including one focused on getting federal regulators to “stop and study” the impact of their capital rules on financial institutions’ mortgage servicing assets. continue reading »last_img read more

Cauayan shooting lands man in hospital

first_imgThe 46-year-old resident Robert Mariposa sustainedgunshot wounds on the body, a police report showed.    Police identified the suspect as 46-year-oldresident Elvie Sanipa.  According to police investigators, Sanipa andMariposa were having a drinking spree when a heated argument ensued betweenthem around 12:30 a.m. on Friday. The motive in the incident was not immediatelyestablished.  Meanwhile, officers of the Cauayan municipalpolice station conducted a manhunt operation against Sanipa, who fled after theincident./PNcenter_img Mariposa was brought to the Cauayan DistrictHospital but was later transferred to the Corazon Locsin Montelibano MemorialRegional Hospital in this city for treatment. BACOLOD City – In Barangay Inayawan, Cauayan,Negros Occidental, a man was shot. This prompted Sanipa to shoot Mariposa usingan improvised firearm, police said.       last_img read more

CIDG-6 to probe village chief over SAP ‘anomaly’

first_imgAccording to Gamboa, “In Region 6 meron sinasabi na parang niece or nephew ng barangay captain who is not actually poorest of the poor has been included in the list of SAP beneficiaries.” ILOILO City – The Criminal Investigation and Detection Group (CIDG) Region 6 will be investigating a village chief in Iloilo province over an alleged anomaly in the government’s Social Amelioration Program (SAP) cash assistance distribution. CIDG-6 chief Police Lieutenant Colonel Gervacio Balmaceda declined to identify the barangay captain but said his police provincial chief, Police Lieutenant Emanuel Tingson, will lead the probe. Balmaceda said, “We have not received formal complaints. Mag i-investigate tayo kung talagang totoo ang anomaly baka may mga misunderstanding lang sa pag-relay ng message.” Police National Police chief Police General Archie Francisco Gamboa recently tasked the CIDG to lead investigations on alleged SAP anomalies across the country. For his part, Tingson said he would wait for an endorsement from the Department of Interior and Local Government. Recently, President Rodrigo Duterte announced he would be giving P30,000 to those who could report to him confirmed irregularities in the distribution of the SAP cash assistance, and that the CIDG would be handling all the complaints./PNlast_img read more

Wisconsin will now hope to avoid fate of last season’s squad

first_imgEVANSTON, Ill. — For the second-straight season, a defensive meltdown ended Wisconsin’s hopes of an unblemished year. And while this year’s quagmire in Evanston doesn’t carry the same magnitude as the debacle in East Lansing a season ago, the result was another stinging blow.Saturday’s collapse against Northwestern isn’t a completely new experience for a favored Wisconsin team. The Wildcats nipped the then-No. 7 Badgers in double overtime in 2000 and ended any early Big Ten title hopes for UW two years ago.What made this defeat especially seething was the fact that fans and players alike seemed to have the feeling that 2005 was turning into a special year in Madison. What better way to send out the school’s greatest coach ever than by having one of the best seasons in recent memory?Regardless of that thought, the fate of Wisconsin’s season will now be determined by how the team responds to its hiccup in Evanston.”It’s not going to be tough to move past,” senior Brandon Williams said. “We lost, now we’ve got to go win the axe, keep the axe. It’s tough to swallow, but it’s over now.”Williams’ confidence is admirable, and this team may be a good candidate to rebound quickly — after all, not many experts thought Wisconsin would be riding high at 5-0 into Evanston. In fact, at the start of the year this game looked like it would be a hotly contested match-up. And that line of thinking held true despite Wisconsin’s unexpected hot start to the season.But, in order to bounce back and win more than a handful of games, the team’s defense must improve drastically. The secondary in particular and the defense as a whole rehashed the problems it experienced against in the season opener against Bowling Green, allowing Wildcat quarterback Brett Basanez to control the game.More disturbing, however, was the manner in which Northwestern freshman running back Tyrell Sutton gashed the run defense, which had been yielding only 77.4 yards per game entering Saturday’s contest, for 244 yards. That does not bode well for a team heading to Minnesota next weekend for a date with the run-happy Golden Gophers and star running back Laurence Maroney.”Our guys do handle corrections very well,” defensive coordinator Bret Bielema said. “I think that they’ll come in next week, Monday in particular, with the attitude that whatever they’ve got to accomplish, they have to in a short amount of time, because Minnesota’s not going to do anything but go right after us too.”Wisconsin is without question in a better position to respond to the loss more effectively than it did to last year’s 49-14 thrashing at the hands of Michigan State. For one thing, the season is still relatively young, giving them a significant amount of time to recover from the loss compared to last year. The fact that those aspirations for an undefeated run and high expectations haven’t built up yet also works greatly in the Badgers’ favor.And on the “moral victory” level, oft-criticized quarterback John Stocco and the passing offense sustained and improved upon their success from the win over Indiana.Even more importantly, Wisconsin is still in the thick of the Big Ten race.”Personally you never want to lose, but you take the loss for what it is,” Williams said. “We’re 2-1 in the conference. It’s not over by any means. We’ve still got six games left. That’s the first thing I said when we came into the locker room. We’ve still got six games left. We’ve got to keep the axe next week and that’s all that matters. There’s only going to be one undefeated team after this week anyway, so we’re still right there in the mix.”Still, Wisconsin has to actually carry that mentality through and right its ship following a tough loss on the road. And with the toughest stretch of its schedule looming ahead, the team will need to do that in a hurry. For his part, the always-confident Williams says he’s not ready to panic.”This doesn’t compare to the Michigan State game,” Williams said. “This game is just a bump in the road. We still can go 11-1 and be all right.”Whether they can truly do that and how they respond to that “bump” remains to be seen.last_img read more

Rx for Murder

first_imgA Jersey City doctor has been charged with conspiring to have his wife, lover and a former business associate murdered. Dr. Ajit Jayaram, 63, of Englewood, was charged in October 2010 with conspiring to murder his lover. Soon after he posted bail, secured by his wife’s home, he was rearrested in March on the basis of recorded intercepts conspiring with an inmate to have his wife murdered. Barred by the judge from contacting his victim, Jayaram protested: “But that’s my wife…. Someone makes allegations and now I can’t talk to my own wife?”  Related Itemslast_img