How Will a Government Shutdown Affect the Mortgage Industry?

By on May 31, 2021

first_img January 19, 2018 5,896 Views  Print This Post Sign up for DS News Daily in Featured, Government, News Is Rise in Forbearance Volume Cause for Concern? 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Similarly, mortgage firms won’t be able to process loans if the IRS is not available to verify borrowers’ tax returns, effectively creating a backlog when the government eventually re-opensIf the shutdown lasts longer than anticipated, we might see bankers and lenders looking at lowering mortgage rates to attract more business to avoid slowing down the industry. Applications bankers Borrowers Federal Budget FHA Government HOUSING industry Lenders loans mortgage Shutdown VA 2018-01-19 Staff Writer The Best Markets For Residential Property Investors 2 days agocenter_img Previous: Bank of America Posts Solid Results for Q4 2017 Next: Total FHFA Prevention Actions Edge Close to 4 Million All eyes were trained on Capitol Hill, Friday night as the Senate voted on a legislation to keep the government open past midnight as a house bill to fund the government until February 16 faced a block from the Democrats. The bill failed to get the votes on the Senate floor as the clock rolled past midnight.At the heart of the matter is the demand by Democrats as well as some Republicans to include protections for young immigrants brought to the country illegally as children, in any further funding of the government.“In the past decade, government involvement in the housing industry has precipitously increased, hastening an even greater dependence on the federal institutions that would be affected by a potential government shutdown,” said Five Star Institute President and CEO Ed Delgado. “I call on all congressional stakeholders to stop using the needs of American homeowners as leverage for achieving their policy goals.”If the government doesn’t find a resolution today, the shutdown is likely to affect the industry in three major ways:FHA and VA mortgage loan originations could be impacted by the shutdown due to government workers not being in office. Subscribe How Will a Government Shutdown Affect the Mortgage Industry? Loan applications will be held up if lenders can’t obtain verification of social security numbers Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Applications bankers Borrowers Federal Budget FHA Government HOUSING industry Lenders loans mortgage Shutdown VA The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Featured / How Will a Government Shutdown Affect the Mortgage Industry? Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

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Making magic out of 26 letters

By on March 1, 2021

first_img“She wants the reader to hate her a bit,” he said.Replied Abramson: “She doesn’t want the readers to identify.”In his fiction workshop, Johnston gave his class writing exercises. Some students had to write from the point of view of someone walking on the beach who just killed another, without mentioning the murder. He encouraged the students to focus on how they could tell the story, describing the view, the waves, and the moon.“If you can narrow the field, it can liberate you. It’s like playing tennis without a net. The net makes the game,” he said, before leading the class into a lively discussion about dialogue.“Arrive late to the conversation and leave early,” he advised. “Less is more.” Then he banned students from using any dialogue tags beyond “said” or “asked.”“The days of ‘screamed,’ ‘retorted,’ ‘whistled,’ those days are gone and you’re a better person for it,” he said.Maddy Nam asked: “How about italics?”“By all means. I’ll take italics over tags any day of the week,” he said.Before class, Johnston shared news that alumna Weike Wang ’11 recently got a book deal. Hong Kong-born British poet Sarah Howe, who studied with Jorie Graham, Boylston Professor of Oratory and Rhetoric, as a Radcliffe fellow, won the 2016 T.S. Eliot Prize for “Loop of Jade.”“Everyone’s work is paying off,” Johnston said. “All of the faculty go to workshop feeling inspired, and three hours later the inspiration has multiplied tenfold.”Though many graduates find jobs and publish their work, he rarely mentions their evident success in classes.“One of the ways our program is so different than many in the country is that we’re focusing on the literary art that students are making. By focusing on that, publication and stage and film productions, those are necessarily going to follow. But we never talk about them,” he said. “Everyone here cares about language and making something that matters out of 26 letters and their infinite combinations. It’s humbling and thrilling.” Brynn Elliott ’18 brings philosophical depth to songwriting Three chords and some Kierkegaard Related Writing is a solitary process, but Bret Johnston doesn’t believe it needs to be a lonely one.“Yes, you’re alone a lot of the time, but when you find that community where people care about the same things you care about, things many people in the world don’t care about as deeply as you, you feel as though you’re being welcomed home,” said Johnston, the Paul and Catherine Buttenwieser Director of the Creative Writing Program and senior lecturer on English.That collective sense of creative vibrancy is why he believes the program has blossomed by nearly every measure. Led by Johnston, it now has a faculty of 11 with the most recent announcement of food and science writer Michael Pollan joining to teach nonfiction writing next fall. He joins recent hires Jill Abramson, who teaches journalism, and Paul Yoon and Laura van den Berg as Briggs-Copeland Lecturers. Two noteworthy gifts, the Gore Vidal Presidential Fund and the Joseph Y. Bae and Janice Lee Arts Lectureship, announced earlier this year, allow for even more creativity, which is evident in the 36 percent of senior theses among English department concentrators that were creative theses (versus 31 percent for critical theses).“To make art or to produce nonfiction is to imagine the remaking of an always-recalcitrant world,” said James Simpson, chair of the English department and Donald P. and Katherine B. Loker Professor of English. “Our lustrous creative writing faculty models a distinctive ethos of teaching and writing. Students need to understand where they are coming from and where they are going. The ethos of this department gives them a disciplined voice and an inspiring direction.”There is also a workshop called “Writing for Television: Developing the Pilot,” which was taught for the first time this fall by playwright Sam Marks. Sitting in a recent class in the Barker Center, the dozen students began with a discussion of a homework assignment, which included watching “Mr. Robot,” a drama about cyber security airing on USA Network.“Every scene, he’s doing something. He’s always driving toward something,” Marks said, before asking Nina Sapers, a senior concentrating in English, to share her working pilot.Sam Marks (center), Briggs Copeland Lecturer on English, teaches “Writing for Television: Developing the Pilot,” a new workshop to develop television screenplays, between students Sam Hardy ’18 (left) and Zindzi Hammond-Hanson ’19. Kris Snibbe/Harvard Staff PhotographerAfter distributing roles to the class for a read-through of “Frederick,” a story about Megan, an unemployed recent college graduate, and her fish that ended with an escape from a family barbeque, Marks opened a feedback discussion that lasted more than a half hour.“Frederick” was “structurally sound” and “super funny,” classmates told the 22-year-old Quincy House resident. One liked “that everyone’s invested in her life.” Along with the positive reactions, there were constructive suggestions: Why not have fewer characters in service of more fleshed-out characters?Marks put several questions to Sapers to answer in future revisions, including “What do you want to find out?” and “What is she after, not just running from?”“I have taken two fiction-writing classes before the pilot-writing class,” Sapers said. “I’ve met people I’m still friends with now, people I have an immense amount of admiration for, people who consistently gave thoughtful, engaging feedback. The level at which people are writing in these classes is crazy good.”That verbal volley of ideas is the cornerstone of the program, Johnston said. “It raises the emotional level in the room, and the students take that very seriously. Those discussions can feel transformative, not just for the piece of writing, but [for] the writer and the writers who are responding to it.”Such was the case in Jill Abramson’s class, “Introduction to Journalism,” in which students studied first-person writings from Ron Suskind (a memoir called “Life, Animated” about his family and his son’s autism) and Ariel Levy’s tale of her miscarriage while on assignment in Mongolia. Shaun Gohel called out The New Yorker staff writer for her fear of getting “Mongolian AIDS” when an EMT put in an IV.last_img read more

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Gold Coast family home changes hands for mega bucks

By on October 6, 2020

first_imgCook up a feast. 11 Kootingal St, Ashmore. What a chandelier!On the river frontage, a large pontoon suitable to accommodate a sizeable boat offers easy access to the Gold Coast’s waterways.According to property records, the street is tightly held, with the last sale back in 2013 when a four-bedroom, four-bathroom house changed hands.The highest price paid for a property on Kootingal St was $3.1 million in 2005 for No. 5. Dine in style.Spread over two floors, the home includes four bedrooms on the upper level, an upstairs lounge that could be suitable for another bedroom, a granny flat on the ground floor, formal lounge with fireplace, and large family room.There’s also a steam room, media room, gym and wine cellar storage, four-car garage and work room.The 1060sq m house takes up just a quarter of the 4015sq m parcel of land.The remainder is a sprawl of mature tropical gardens, spacious entertainment areas, a lit tennis court and a heated swimming pool. Feel a million miles away in your own tropical paradise.center_img Entertain your guests in style. SOLD! 11 Kootingal St, Ashmore has changed hands for $3.75 million.A SPRAWLING riverfront property on the Gold Coast has changed hands for $3.75 million, smashing the street record by more than $600,000.The acreage block in the middle of suburbia at 11 Kootingal St, had been on and off the market since 2012.Katrina Walsh of Harcourts Coastal handled the latest campaign and managed to find a buyer for the five-bedroom residence. More from news02:37International architect Desmond Brooks selling luxury beach villa18 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoThis is main river living at its best.“The buyers liked the quality of the construction, the size and the position on the main river.,” she said.The property was built in 2007 for its UK vendors.While its bones — soaring ceilings and timbered doors, with an impressive kitchen to match — remain classic and traditional, a subtle Asian influence has evolved inside.“The owners have worked extensively in Hong Kong, hence the flair of the decor,” Ms Walsh said.“They purchased and built the property in keeping with its surrounds; the construction is quality.”last_img read more

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