Report: No Immediate Impact on RMBS From Dorian

first_img Related Articles A new report by Fitch Ratings states that Hurricane Dorian is not expected to impact either commercial mortgage back securities (CMBS) or residential mortgage backed securities (RMBS) due to pool diversification, servicer advancing, and insurance coverage. Hurricane season, though, does bring severe storms that can impact loan performance. The report states that Fitch properties along the east and gulf coasts are susceptible to damage from hurricane or storm surges. Hurricane Dorian’s impact will be more modest than the hurricane season of 2017. Those hurricanes, most notably Harvey, Irma, and Maria, impacted residential mortgage performance temporarily, and delinquencies returned to pre-storm levels after 12 months. The impact of Hurricane Maria made mortgage delinquencies rise to 21.5% in November of 2017.It was reported earlier this year from the Insurance Journal that total losses from Hurricane Barry are expected to exceed $600 million. Additionally, public and private insurers paid out nearly $300 million according to the Aon Global Catastrophe Recap report.In a report earlier this year, CoreLogic reported that insured residential and commercial flood loss covered by the NFIP is estimated to be between $100 million and $200 million after Hurricane Barry, but 20% of residential flood loss is uninsured.CBS News reported that Hurricane Dorian made landfall Friday in North Carolina after being downgraded to a Category 1 storm. The storm has maximum winds of 90 mph and 350,000 residents in both North and South Carolina were without power. The storm’s eye came within 55 miles of Charleston, South Carolina, bringing heavy rain and wind gusts of more than 70 mph.Dorian’s strength has fallen dramatically after it ravaged the Bahamas for nearly two days as a Category 5 storm. The Washington Post reports that authorities three out of every four homes on Grand Bahama are underwater, and recovery “will cost billions of dollars.” The Post states that Prime Minister Hubert Minnis said Tuesday that the official death count has risen to seven, but expects that to increase as more of the damaged areas can be reached. “Parts of Abaco are decimated. There is severe flooding,” Minnis said. “There is severe damage to homes, businesses, other buildings and infrastructure.”Bahamas Deputy Prime Minister Peter Turnquest said the island’s infrastructure is “wrecked.” “With approximately 70% of the homes underwater, we anticipate tremendous social and economic dislocation and disruption in the short term,” Turnquest said in an interview with The Washington Post. “The mental health of those who have endured this monster storm is a priority concern of the government.  Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago September 6, 2019 1,019 Views  Print This Post Hurricane 2019-09-06 Mike Albanese The Best Markets For Residential Property Investors 2 days ago Tagged with: Hurricane Share Save Report: No Immediate Impact on RMBS From Dorian Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Home / Daily Dose / Report: No Immediate Impact on RMBS From Dorian About Author: Mike Albanesecenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Loss Mitigation, News Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Previous: Efforts of Software Solutions Company Recognized Next: Aspen Grove to Honor Veterans Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

Raiders Straight Talk: Time for Derek Carr to conquer Arrowhead Stadium

first_imgALAMEDA — We’ve seen a lot of growth in the second year of the union between Derek Carr and Jon Gruden.Now comes the next step, and in the case of Carr it’s more of a leap.Arrowhead Stadium is the most hostile of environments for Carr. His record there is 0-5, his stats are awful and not once has he passed the eye test of being a solid, functional NFL quarterback.When the Raiders (6-5) visit the Kansas City Chiefs (7-4) Sunday afternoon, Carr might not win, but he needs to keep the Raiders …last_img read more

Drug ATM for South Africans

first_imgIn the same fashion people draw money from ATMs, South Africans will soon be able to get medicine from dispensing machines.The Department of Health made the announcement at the 21st International Aids Conference, which took place in Durban from 18-22 July.The pharmacy dispensing unit (PDU) is being piloted at Thembalethu Clinic in Johannesburg. It is a self-service machine where patients can obtain their medication.Easy to useAnyone interested in using the machine first needs to register. Just like a bank ATM, once registered, they receive a card. To get the medicine, they insert the card into the machine, enter a PIN and get what they need.“The machine,” said the department, “immediately dispenses the selected medication, eliminating the need for the patient to wait in queues.”However, the machine does not totally eliminate pharmacists. There is a trainedpharmacist available on the PDU via a built-in video conference functionality.Progress and challengesSpeaking at the conference, Health Minister Dr Aaron Motsoaledi noted that South Africa was running the biggest HIV treatment programme in the world. In three decades, he said, the number of patients on treatment had increased from 400 000 to over 3.4 million.“However, the number of health care workers has not kept up with this increase, often leading to frustrated patients and lack of treatment adherence.“The biggest challenge with not adhering to treatment is that it poses a real risk of the emergence of drug-resistant HIV, in the same way drug-resistant TB came about,” he said. “It is thus imperative that we embrace all available measures to make it easy for people to continue with their treatment.”Source: Department of HealthWould you like to use this article in your publication or on your website? See Using SouthAfrica.info materiallast_img read more

Reyes keeps door open for injured Romeo

first_imgJapan ex-PM Nakasone who boosted ties with US dies at 101 Typhoon Kammuri accelerates, gains strength en route to PH Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Kris Aquino ‘pretty chill about becoming irrelevant’ LATEST STORIES CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA Read Next If Romeo does miss the first game of the Asian qualifiers, he will leave a huge hole in Gilas Pilipinas’ offense. The cold-blooded scorer averaged 17.8 points, 3.0 assists, and 1.7 rebounds in his last run with the Philippine squad in the 2017 Fiba Asia Cup.“We’re not giving up on Terrence. We still hope that he can still make the lineup,” said Reyes. Don’t miss out on the latest news and information. View commentscenter_img Photo from Fiba.comThree days before leaving for Japan for first leg of the 2019 Fiba World Cup qualifiers, three Gilas players are still dealing with injuries.Calvin Abueva is suffering from flu while Jayson Castro is nursing back spasms, leading them to miss the final tuneup game against NLEX on Saturday morning.ADVERTISEMENT Kammuri turning to super typhoon less likely but possible — Pagasa Terrence Romeo, who is still suffering from a knee contusion, meanwhile, will unlikely be available in the game against Japan.“Terrence is not yet 100-percent. He’s coming in and out of practice, but he’s unsure. He came to a few practices, but hasn’t been able to do any scrimmages,” the veteran mentor said during the team’s sendoff at Crowne Plaza in Ortigas.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutReyes, though, still expects the GlobalPort guard to join the 16-man Philippine crew in Tokyo with national team planning to submit the final roster for the Japan game until the deadline on November 23.“He’s still part of the pool. We haven’t struck out anybody and everyone in the pool has a chance to be in the lineup,” he said. La Salle books UAAP finals return, ousts Adamson Brace for potentially devastating typhoon approaching PH – NDRRMC MOST READ Stronger peso trims PH debt value to P7.9 trillion QC cops nab robbery gang leader, cohortlast_img read more

US Open glance: Muguruza vs. Kvitova highlights 4th round

first_imgRain in the evening. High of 66 degrees (19 Celsius).SATURDAY’S RESULTSMen’s third round: No. 1 Rafael Nadal beat Leonardo Mayer 6-7 (3), 6-3, 6-1, 6-4; No. 3 Roger Federer beat No. 31 Feliciano Lopez 6-3, 6-3, 7-5; No. 6 Dominic Thiem beat No. 30 Adrian Mannarino 7-5, 6-3, 6-4; No. 9 David Goffin beat No. 18 Gael Monfils 7-5, 5-1, retired; No. 24 Juan Martin Del Potro beat No. 11 Roberto Bautista-Agut 6-3, 6-3, 6-4; Aleksandr Dolgopolov beat Viktor Troicki 6-1, 6-0, 6-4; Andrey Rublev beat Damir Dzumhur 6-4, 6-4, 5-7, 6-4; Philipp Kohlschreiber beat John Millman 7-5, 6-2, 6-4.Women’s third round: No. 1 Karolina Pliskova beat No. 27 Zhang Shuai 3-6, 7-5, 6-4; No. 4 Elina Svitolina beat Shelby Rogers 6-4, 7-5; No. 20 CoCo Vandeweghe beat No. 10 Agnieszka Radwanska 7-5, 4-6, 6-4; Daria Kasatkina beat No. 12 Jelena Ostapenko 6-3, 6-2; No. 15 Madison Keys beat No. 17 Elena Vesnina 2-6, 6-4, 6-1; Jennifer Brady beat Monica Niculescu 6-3, 4-6, 7-6 (3); Lucie Safarova beat Kurumi Nara 6-3, 6-2; Kaia Kanepi beat Naomi Osaka 6-3, 2-6, 7-5.STAT OF THE DAYADVERTISEMENT NATO’s aging eye in the sky to get a last overhaul Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Robredo should’ve resigned as drug czar after lack of trust issue – Panelo Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. Petra Kvitova, of the Czech Republic, waves to fans after beating Caroline Garcia, of France, during the third round of the U.S. Open tennis tournament, Friday, Sept. 1, 2017, in New York. APA quick look at the U.S. Open :LOOKAHEAD TO SUNDAYADVERTISEMENT LATEST STORIES The fourth round begins, with the most anticipated matchup being reigning Wimbledon champion Garbine Muguruza against two-time Wimbledon champion Petra Kvitova at night in Arthur Ashe Stadium. Muguruza is seeded No. 3; Kvitova is No. 13. They are among the most powerful hitters in the game today. For Kvitova, this is her toughest matchup since returning to action at the French Open following surgery on her left hand as a result of an attack by a knife-wielding intruder at her home in the Czech Republic in December. “I would be happy (to) see a top-10 player, finally. That’s means I’m kind of deep in the tournament, finally,” Kvitova said. “It’s nice to play someone who won a Grand Slam this year. I’m really looking forward (to) the big stage and (to) that match.” Another past Wimbledon champion, No. 9 Venus Williams, is also in Ashe, playing Carla Suarez Navarro in the afternoon. In men’s play, the revelation of the tournament, 18-year-old Canadian qualifier Denis Shapovalov, takes on the highest-seeded man left in the bottom half of the draw, No. 12 Pablo Carreno Busta.SUNDAY’S FORECASTFEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingRain. High of 73 degrees (23 Celsius).SATURDAY’S WEATHER Lacson: SEA Games fund put in foundation like ‘Napoles case’ Celebrity chef Gary Rhodes dies at 59 with wife by his side Knights, Lions relish unlikely team-up in NCAA All-Star Game MOST READ Celebrity chef Gary Rhodes dies at 59 with wife by his side Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ 16 — Unforced errors by Roger Federer in his victory; he averaged 62 in his first two matches.QUOTE OF THE DAY“Maybe ‘The Real Housewives’ will want to play tennis one day.” — CoCo Vandweghe, the 20th-seeded American, who says she likes to watch reality TV shows. Trump signs bills in support of Hong Kong protesters View commentslast_img read more

Alvarez, Golovkin fight to a brutal draw; rematch to come

first_img“Today people give me draw. I focus on boxing,” Golovkin said. “Look my belts, I’m still champion. I’ve not lost.”Golovkin was the aggressor throughout and landed punches that had put other fighters to the canvas. But he couldn’t knock Alvarez down, and the Mexican boxer more than stood his own in exchanges with Triple G. The two were still brawling as the final seconds ticked down.Alvarez was leading after the first three rounds, then Golovkin dominated the middle rounds. After a pep talk from his corner, Alvarez came out more aggressive in the 10th round to pull out the draw.Two scorecards were close, with Golovkin ahead 115-113 on one and a 114-114 draw on the other. But veteran judge Adalaide Byrd inexplicably had Alvarez winning 118-110, giving him all but two rounds. The Associated Press scored it 114-114.Golovkin, who has never lost in 38 fights, retained his middleweight titles. But Alvarez showed that he could not only take the punches of the fighter from Kazakhstan but land telling punches of his own.ADVERTISEMENT Golovkin retained his middleweight titles Saturday night, fighting to a 12-round draw with Alvarez in a brutal battle that ended with both fighters holding their hands aloft in victory. It was a fight neither deserved to lose and, when the scores were tallied, neither did.The middleweight bout years in the making lived up to its hype as the two fighters traded huge punches and went after each other for 12 rounds. Neither was down or seriously hurt, but both landed big punches to the head that had the crowd screaming in excitement.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingAlvarez rallied late to win the last three rounds on each scorecard and pull out the draw, though both fighters claimed victory.“I won 7-8 rounds easily,” Alvarez said. “I was superior inside the ring.” The fight drew a sellout crowd to the T-Mobile Arena, where Mayweather and Conor McGregor engaged in their spectacle three weeks ago. But while that was more of a reality show than a fight, this was a battle that had fans on their feet screaming almost from the opening bell.Alvarez was guaranteed $5 million, while Golovkin had a $3 million guarantee. Both were expected to make much more on a share of the pay-per-view revenue.Sports Related Videospowered by AdSparcRead Next Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Golovkin had chased Alvarez for nearly two years, trying to get the signature fight that would pay him millions and make him a pay-per-view draw on his own. Alvarez, the redhead known as Canelo, finally agreed to the match after Golovkin looked vulnerable earlier this year against Daniel Jacobs in a decision win that stopped his knockout streak at 23 fights.But Alvarez said Golovkin didn’t have anything he wasn’t expecting, and that his power wasn’t what it was made out to be.Golovkin, who moved to Los Angeles from Kazakhstan to pursue stardom in the ring, said he would welcome a second fight“Of course I want a rematch,” he said. “I want a fight. A true fight. I have my belts. I want a championship fight.”Alvarez said he was more than willing to do it again.“Obviously yes, if the people want it,” Alvarez said. “He didn’t win, it was a draw. I always said I was going to be a step ahead of him.”After the decision was announced, both fighters hugged and Triple G whispered something in Alvarez’s ear. They then exchanged thumbs-up signs and a handshake, knowing they had done their jobs well.“We knew this was going to be a war,” said Golovkin trainer Abel Sanchez. “There were no surprises.”The draw was the first mark on Golovkin’s record, which now stands at 37-0-1. Alvarez is now 49-1-2, his only loss to Floyd Mayweather Jr.Golovkin entered the ring first, one of the concessions he had to make to get the fight with Alvarez despite holding all the middleweight belts. Alvarez, who brings millions of Mexican and Mexican-American fans, also got a bigger share of the fight proceeds and top billing. Lacson: SEA Games fund put in foundation like ‘Napoles case’ Back on top A frenzied crowd of 22,358 at the T-Mobile Arena roared throughout the fight as the two middleweights put on the kind of show that boxing purists had anticipated. They brawled, used sharp jabs and counter punched at times, with neither one willing to give the other much ground.“Congratulations all my friends from Mexico,” Golovkin said. “I want a true fight. I want a big drama show.”There was plenty of drama toward the end of the fight as Alvarez rallied in the late rounds and rocked Golovkin with uppercuts and big right hands. But just as soon as he landed, he often took one back from the slugger so feared that most other fighters avoided him.There was even more drama on the scorecards, as Byrd’s score was off the other two by a wide margin.“That’s the life of a judge,” said Bob Bennett, executive director of the Nevada State Athletic Commission. “She had a bad night in a big fight.”It was a battle from the opening bell, as Golovkin tried to walk Alvarez down only to get hit by sharp counter punches.Both fighters raised their hands in triumph at the final bell and jumped into the arms of corner men. Then they waited as the scorecards were added up to see who would leave the ring with the belts.“It’s not my fault,” Golovkin said. “I put pressure on every round.”Golovkin predicted before the fight that the late rounds would resemble a street fight, and in a way they did. Both fighters were willing to trade, and both had no problems landing hard shots to the head.Ringside punching stats credited Golovkin landing 217 of 703 punches while Alvarez landed 169 of 505. LATEST STORIES Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Don’t miss out on the latest news and information. center_img Trump signs bills in support of Hong Kong protesters Canelo Alvarez, left, and Gennady Golovkin celebrate following a middleweight title fight Sunday, Sept. 17, 2017, in Las Vegas. The fight was called a draw. (AP Photo/Isaac Brekken)LAS VEGAS — Canelo Alvarez and Gennady Golovkin argued afterward about who won their middleweight showdown.No one could argue it wasn’t a great fight.ADVERTISEMENT Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Robredo should’ve resigned as drug czar after lack of trust issue – Panelo Celebrity chef Gary Rhodes dies at 59 with wife by his side ‘A complete lie:’ Drilon refutes ‘blabbermouth’ Salo’s claims MOST READ NATO’s aging eye in the sky to get a last overhaul View commentslast_img read more