Lending-cap lift will help market

first_imgThe mortgage market continues its slide, with no sign that we’ve hit bottom or that more homeowners won’t be swept up in the tide of foreclosures. According to the San Fernando Valley Economic Research Center at California State University, Northridge, 289 families lost their homes in August, when local foreclosures jumped an annual 398 percent. There were 632 foreclosures in the second quarter of 2007, and we’ll likely pass that number in the third quarter after September’s tally is counted, said Daniel Blake, director of the CSUN center. The quarterly record is 1,854 foreclosures, recorded from July through September 1996, in the fallout from the 1994 Northridge Earthquake and a deep economic recession. “Temporarily lifting Fannie Mae and Freddie Mac’s portfolio caps will inject necessary liquidity into a distressed market and help make financing more available and affordable for countless homeowners, especially those living in high-cost areas,” NAMB past President Harry Dinham said in testimony before the House Financial Services Committee. Increasing the limits for these conforming loans in high-cost areas, coupled with elimination of the Federal Housing Administration down payment requirement, could expand the opportunities for these entities to reach the first-time, minority, and low- to moderate-income borrowers their respective programs are intended to serve, Dinham reasoned. To that end, and to help try to stabilize the market, the association suggests: Requiring all loan originators to meet minimum education levels, pass criminal background checks and creating a national registry of originators governed by a federal agency. Requiring mandatory escrow accounts for taxes and insurance on all subprime loans. Strengthening enforcement of prohibitions against deceptive marketing and advertising of mortgage products. Clearly disclosing the role of the originator in mortgage transactions. Creating simplified, modernized, and consumer-tested mortgage disclosures including a revised good faith estimate and a loan-specific payment disclosure. Encouraging consumer financial literacy. The only problem with this is that it won’t unwind the past. And that’s where the problems are. [email protected] (818) 713-3743 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! It’s obvious that people remain concerned about the ongoing problem. When the Daily News put a searchable database on our Web site (www.dailynews.com) allowing users to find out the foreclosure situation in their neighborhood or ZIP code, the link got about 6,000 hits in just 24 hours. Each fall for the past several years I’ve lamented the fact that the loan-guarantee limits set by Fannie Mae and Freddie Mac – currently $417,000 – don’t help Los Angeles that much. And now the National Association of Mortgage Brokers is climbing aboard. It issued a press release last week urging Congress to take steps to enable Fannie and Freddie to provide help to homeowners facing foreclosure. last_img read more


WATCH: Film follows Mary T of Castle Grove’s success story after Hall of Fame honour

first_imgMary T Sweeney of Castle Grove has shared her life story in a powerful video after receiving the Lifetime Achievement award from the Letterkenny Chamber of Commerce.The lady of Castle Grove Country House Hotel Mary T was the recipient of the highly coveted Hall of Fame Award at the Letterkenny Business Awards 2017.She shared her extraordinary story of ambition, hard work and success on camera to commemorate the honour, which you can watch below: Video by DNK Media Productions – www.dnkmedia.ie | www.facebook.com/dnkmediaThe special interview with Mary T recalls her Donegal story, how she developed her admirable work ethic through farming and how she refined her career in hospitality across Cork, Dublin and Donegal.The video charts Mary T’s life as she met and married her husband Raymond and had five children. In 1989 they bought Castle Grove Country House outside Letterkenny, and it became one of her great loves. She recalls how she built the house up from a B&B to the highly-regarded venue that she is so proud of today. Letterkenny Business Awards 2017A week on from earning the Lifetime Achievement Award from the Letterkenny Chamber of Commerce, the matriarch is back doing what she does best and making sure guests feel at home at Castle Grove.“People have been wonderful, coming from all over wishing me well and saying congratulations. It’s overwhelming really, because I feel that I was just doing what I enjoyed doing and I was developing a good customer base who are very loyal.“Every single person who came through the door was appreciated and was acknowledged as if it was a visitor to our home,” she told Donegal Woman.Mary T considers her achievement as a triumph for all the staff and family at Castle Grove:“As the saying goes – ‘No man is an island, you’re only as good as your loyal team’. We have had the pleasure of having some of our team for 20 years or more. A lot of credit goes to their hard work and loyalty,” Mary T said.She paid tribute to her friends in farming who have always supported her over the years. “Some of my best friend and most loyal patrons today were people who introduced me all over the county and accepted me with open arms,” Mary T said.Castle Grove is added to the 2018 Blue BookIt has been a month of major milestones for Mary T as Castle Grove was added to the elite Blue Book collection for 2018.Ireland’s Blue Book recognises the finest Irish country house hotels, historic manor houses, castles and restaurants. Just three venues in Donegal are part of the association. Mary T considered this addition as a pinnacle of success of her career.“The Blue Book was the ultimate goal and we are really looking forward to embracing it,” Mary T said. Castle GroveMary’s daughter Karoline also acknowledged the hard-working team behind the residence.“We are the next generation helping mum, who is still the Ambassador. We are nothing without mum, but without our team, we could never have done it. They care about Castle Grove,” Karoline told Donegal Woman.“We are also grateful for our customers’ support – we have customers coming here for 25 years. Those people, and other people they send here, are helping us along the way and they have become family friends,” Karoline said.Christmas celebrations are the next event in store for Castle Grove, where they will be looking back at a momentous year and looking ahead to exciting times to come in 2018.WATCH: Film follows Mary T of Castle Grove’s success story after Hall of Fame honour was last modified: November 22nd, 2017 by Rachel McLaughlinShare 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)Tags:castle grove country house hotelHall of FameLetterkenny Chamber of Commercelifetime achievementmary t sweeneylast_img read more


Bulldogs dominate Weed in return to playoffs

first_imgLos Molinos >> It’s been more than a decade since Los Molinos football won a playoff game, but you wouldn’t have known it Friday night when the Bulldogs ran roughshod over the visiting Weed Cougars for a 72-0 first round win. Alex Russell took the opening kickoff to the house, Henry McHale picked up a Cougars’ fumble and Hunter Landingham went in from the 25 to put the Bulldogs up 14-0 inside the opening minute of play, setting the tone for the evening.The Cougars moved the ball well on a …last_img read more


Mailbag: will the Sharks reunite Vlasic and Karlsson when they get healthy?

first_imgSUNRISE, Fla. — With two games remaining before All Star Weekend, the Sharks are starting to face some adversity as the injury bug continues to sweep through the blue line.Justin Braun and Radim Simek are back, but Erik Karlsson missed Saturday’s game against the Tampa Bay Lighting with a lower-body injury that nagged him throughout the week. As a result, the Sharks placed Marc-Edouard Vlasic on injured reserve Sunday to recall Jacob Middleton from the AHL Barracuda, giving the squad a seventh …last_img read more


Bone Structure Matches Animal Size

first_imgThe bigger the animal, the more weight it has to carry.  How can large animals maintain strong bones without making them heavier?  It turns out all animals have struts in their bones called trabeculae, but the larger the animal, the fewer, stronger, and farther apart are the struts.  This new finding is leading to ideas that may improve your car.    PhysOrg reported on a team from Imperial College London and the Royal Veterinary College that was curious about bone structure in various mammals.  Looking at femurs from 90 different species of mammals, reptiles and birds, they “found that trabeculae, typically found near joints, have different geometry depending on the size of the species.”  This was news to them.  Dr. Michael Doube at Imperial College London said,“Scientists had not previously known that the structure of trabeculae varied, or scaled up, depending on the size of the animal.  We assumed that trabeculae would be important in supporting the weight of larger creatures such as Asian elephants, which can weigh more than three tonnes.  However, we were surprised to find that animals that have comparatively lighter loads, such as the Etruscan shrew, weighing three grams, also has trabeculae supporting its tiny body.  Our study is helping us to see how the remarkable geometry of trabeculae supports loads in all creatures, no matter how big or small they are.”In addition, they found that the mass of bone per unit volume was roughly constant in big and small animals, but “the trabeculae in bigger animals were thicker, further apart and less numerous.”    Moving from observation to explanation, they reasoned that “the big trabecular struts inside the bones of larger animals help to support their heavier load without the need for thicker and denser bones.  Using this structure saves valuable energy in larger animals because they do not have to grow, maintain and carry extra bone tissue around with them.”  Neat idea.  From explanation they moved to application:The scientists say new structural materials could be developed, which are inspired by geometry inside femurs.  These materials would contain a lattice work of stiff foam that would be reinforced in certain areas, depending on the load being exerted on that particular section.  This type of material could be used in car bodywork, only being reinforced in areas of the car where loads are heaviest.  This could make cars lighter and more fuel efficient.A capital idea, worthy of stimulus by some entrepreneur.  The scientists delved deeper into their biomimetic hunch and generated 200 computer models of “virtual bones,” giving their open-source code, named BoneJ, to anyone who wants to download it (see BoneJ.org).  About 1500 downloads from 250 institutes and organizations have taken a look at it.  Some of them might have great ideas for lightweight aircraft and automobiles.  Think of the slogans: Tough as an elephant or Built to fly like a bird.    Now that they understand bone structure better, the team wants to study animal motion and joints “to understand the relationship between how animals walk and bone structure.”  What might come of that?  Understanding bone deformities, for one thing; reconstructing the movement patterns of extinct species, for another.  Their research was published in the Proceedings of the Royal Society B.Bravo!  Great science with no evolution!  We wish to praise researchers who get the best aspects of science right: observation, explanation, and application to help improve our lives.  Sir Francis Bacon stressed that you will know good science (like good character) by its fruits.  Biomimetics again shows how a design-focused science not only leads to understanding, but to practical benefits.    We called this “design-focused science” but lest Eugenie and Rick Dawk have a fit, there was no need to mention God, Creator, or religion in this project.  There was, however, an unspoken assumption that animal bones are well designed for what they do (go back and read the quotes for clues).  Was that a science-stopper?  Clearly not.    It would have been so tempting for the reporter to toss in the Darwin fogma, claiming that animals evolved these amazing optimal solutions by blind chance.  But fogma not only blinds, it stinks.  Who needs useless smoke?  Who needs to hear tall tales, like notions that vastly different animals all converged on the same solution to optimize strength per unit mass?  Clear the air, stick to the observations, and make the theory do something helpful.  Observation – explanation – application: that is classical science.  It worked for Faraday, it’s fair for our-a-day. (Visited 37 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more


Understanding Dew Point

first_img Sign up for a free trial and get instant access to this article as well as GBA’s complete library of premium articles and construction details. The dew point is a temperature. In my article on the psychrometric chart, I defined dew point as “the temperature at which moisture in the air begins to condense on hard surfaces.” Dew point can be measured or calculated for a specific point in time at a particular location, indoors or outdoors. No matter where it’s measured, the dew point can never be higher than the air temperature.Here are a few other definitions for “dew point”: Preventing moisture accumulation in sheathing If you are a designer or builder who cares about the moisture performance of your walls, you’re likely to encounter the term “dew point” in any discussion of wintertime moisture accumulation in wall sheathing. If we know the dew point of a home’s interior air, and we know the temperature of the wall sheathing, we know what will happen if any of that warm interior air contacts the wall sheathing. For example, if the dew point of the interior air is 40°F, and the wall sheathing is at 32°F, we know that the sheathing is cold enough to accumulate moisture when the interior air comes in contact with the cold sheathing.In this situation, we might say that “the sheathing is below the dew point of the interior air.”So far, so good. For me, and for most builders, “dew point” is a building science term that we can wrap our heads around, even if we have to slow down and think about it for a moment or two. But most of us don’t have an instinctive grasp of “dew point” as used by meteorologists.Air temperature is easy. I know what to expect when I… Start Free Trial Already a member? Log incenter_img This article is only available to GBA Prime Memberslast_img read more


History of Diabetes and The Prevalence in Our Nation:

first_imgPhotospin.com by Toh Kheng Hoby Sarah PittmanEver since the discovery of diabetes clinicians knew that what you ate had a direct correlation to the progression of the disease. In the early 1900’s the only treatment for diabetes were specific diets that included the oat-cure, the milk diet, the rice cure, and overfeeding to counterbalance for the loss of fluids and weight. But with no real medicinal treatment, the average life expectancy for a 10 year old with diabetes was 1 year. “Diagnosis at age 30 carries a life expectancy of about 4 years. A newly diagnosed 50-year-old might live 8 more years” (Swidorski, 2014).Diabetic researchers in the 1920’s realized that the pancreatic enzymes seemed to help patients that were in a diabetic coma. But it wasn’t until the 1940’s that an injection for diabetic patients was the main way to control blood glucose levels.In 1959 the discovery of Type 1 vs Type 2 diabetes was discovered; this lead to clinicians being able to treat an individual more specifically according to their diagnosis. As time goes on insulin pumps are developed, HbA1c is introduced and external insulin pumps start to be used as a main treatment for the disease.So how have the rates of diabetes changed over time?Although there is minimal data on how many people accurately had diabetes in the early 1900’s, the reported death rate from diabetes for children under age 15 was 3.1/100,000/year in 1920. Today it is estimated that about 193,000 Americans under age 20 have diabetes.Currently, the American population is 323.1 million, with 30.3 million Americans having diabetes according to The American Diabetes Association; with 84.1 million Americans over age 18 having pre-diabetes.References:“November: American Diabetes Month.” healthfinder.gov, Oct. 2017, https://healthfinder.gov/NHO/NovemberToolkit.aspx Accessed 28 Oct. 2017Swidorski, Dawn. “Diabetes History.” Defeatdiabetes.org, 22 Jan. 2014. https://www.defeatdiabetes.org/diabetes-history/ Accessed 28 Oct. 2017.“Overall Numbers, Diabetes and Prediabetes.” 19 July 2017. http://www.diabetes.org/diabetes-basics/statistics/ Accessed 28 Oct. 2017.“U.S Population (Live).” Worldometers.com, Oct 2017.   http://www.worldometers.info/world-population/us-population/Gale, Edwin A.M. “The Rise of Childhood Type 1 Diabetes in the 20th Century.” American Diabetes Association, vol. 51, issue 12. December 2002, doi: 10.2337/diabetes.51.12.3353. Accessed 28 Oct 2017.This blog was posted by Robin Allen, a member of the Military Families Learning Network (MFLN) Nutrition and Wellness team that aims to support the development of professionals working with military families.  Find out more about the MFLN Nutrition and Wellness concentration on our website on Facebook, on Twitter, and LinkedIn.last_img read more


Report German Ports Open to Stranded Hanjin Boxships

first_imgzoom South Korea’s financially troubled ocean carrier Hanjin Shipping has been cleared to unload and load containers at German ports after a German court accepted the company’s request for stay of proceedings, Yonhap News Agency reports.Apart from Germany, Hanjin has had its stay of proceedings requests accepted in Japan, the UK, and the USA, with the decisions from Singapore and Belgium pending.The company plans to file similar requests in other countries such as Mexico and Spain as well.Hanjin Shipping filed for bankruptcy protection in South Korea and the US at the end of August, which left more than half of the company’s fleet stranded at sea in order to avoid possible seizures of either vessels or cargo by creditors and port workers.Out of 97 of Hanjin’s container ships, 35 have unloaded their cargo as of September 22.Earlier this week, Hanjin received a financial boost to cover the expenses of the unloading operations.Korea Development Bank, the company’s largest creditor, has set aside KRW 50 billion (USD 45.2 million) in cash to help Hanjin offload cargo from the stranded ships.Korean Air Lines Co., Hanjin’s largest shareholder, decided to provide KRW 60 billion to the company, and Hanjin Group’s chairman Cho Yang-ho reportedly offered 40 billion won in personal assets to help the carrier complete the offloading.World Maritime News Stafflast_img read more


Emma Thompson Visits The Arctic With Greenpeace

first_imgDuring a trip to the Arctic aboard a Greenpeace ship, Actor Emma Thompson has spoken out about what she describes as a ‘culture of guilt’ around what’s needed to protect the Arctic and deal with global warming.The two time Oscar-winner urges people who feel powerless about the problem to stop feeling guilty and to use their voices to call for solutions that are already available.Speaking from the deck of the Greenpeace Esperanza, Emma said: “We’re told that it is all our fault, global warming — we want the fuel, we want our cars, and that the oil industry is merely responding to the needs of a greedy public. But that’s simply not fair. Most of us want to live cleaner lives, but our governments don’t make these things easily available.“The changes we need, that the Arctic needs, must come from the top as well as the bottom. We need electric cars to be cheaper and more accessible. We want safer bike lanes in every big city. We want plastic bags to be banned for good. We need governments to stand up to the dirty industries that have for so long funded and controlled them, and to give us all an affordable chance to live our lives in a more sustainable way.”The multi-award-winning actor and writer has embarked on a mission to the Arctic with her 14-year-old daughter Gaia, on the Greenpeace ship Esperanza. Along with Canadian Cree actor Michelle Thrush and her 14-year-old daughter Imajyn, the group has visited retreating glaciers, heard lectures on climate impacts in the north and the plastic crisis in our oceans, encountered walruses, seals and reindeer, and walked on the precarious sea ice.Emma continued: “Yes, keep recycling; keep using your own shopping bags, taking transit and using your bike. But also use your voice. Know that you have power and you can make your government listen. Above all, I hope that people stop feeling so guilty and powerless about climate change. That’s the lie that keeps us paralyzed when really together, we are so much more powerful.“But bear in mind that politicians often lose sight of issues that aren’t in front of them all the time. They can end up ignoring even something like climate change, which is possibly the most pressing challenge of our time. So we all need to be bold. Attend a rally, write to your local leaders. If tens of millions of us wrote to our leaders demanding action on the Arctic and climate change, well – that could change everything.”Emma’s trip to the Arctic is part of a global Greenpeace campaign that has attracted over five million people in just two years.During the journey, Tom Hanks, Russell Crowe, Gwyneth Paltrow, Hugh Grant, Rita Wilson and Stephen Fry have taken to twitter to voice their support for fellow actor and friend, who has been tweeting for the first time using the handle @savethearctic.Greenpeace is calling for a ban on dangerous oil drilling and industrial fishing in the Arctic, as well as the creation of a protected sanctuary in the international waters around the North Pole.Emma is also calling on Americans to attend the world’s largest climate march in New York this September, on the eve of Ban Ki-moon’s climate summit there.Emma is asking people to join the campaign at www.savethearctic.org/emma.last_img read more


Gas leak outside Kaiser facility prompts shelter in place order in Midway

first_img SAN DIEGO (KUSI) – A natural gas leak Friday prompted a shelter-in-place order for around an hour at a Kaiser Permanente facility in the Midway area, officials said.The gas leak was reported shortly after 7:05 a.m. when a contractor doing excavation work ruptured a 1 1/4-inch gas line outside a Kaiser building at 3250 Fordham St., San Diego Gas & Electric spokeswoman Allison Torres said.No one was evacuated, but authorities told people in the Kaiser Permanente Point Loma Medical Offices to shelter in place, San Diego Fire- Rescue spokeswoman Monica Munoz said.No injuries were reported.Utility crews arrived on scene around 7:25 a.m. and shut off the gas around 8:05 a.m., Torres said.To prevent such mishaps, SDG&E officials urge anyone planning excavation work in the county to first notify the utility company, which sends personnel to mark the location of underground gas lines, Torres noted. Those wishing to take advantage of the free service are asked to call 811. Categories: Local San Diego News FacebookTwitter Gas leak outside Kaiser facility prompts shelter in place order in Midway area September 21, 2018 KUSI Newsroom, Posted: September 21, 2018 KUSI Newsroom last_img read more