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HUD Secretary Carson Responds to REO Controversy


first_img David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Ben Carson House Financial Services Committee REO 2019-05-22 David Wharton Tagged with: Ben Carson House Financial Services Committee REO About Author: David Wharton The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / HUD Secretary Carson Responds to REO Controversy Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Investing in Short-Term Rentals Next: The Next Frontier in Home-Flipping Investment Following a controversial exchange during a House Financial Services Committee hearing on Tuesday, Dr. Benjamin S. Carson, Secretary, U.S. Department of Housing and Urban Development, responded to DS News to provide an official statement.During the hearing, Rep. Katie Porter (D-California) asked Carson about REO rates for FHA and the GSEs, Fannie Mae and Freddie Mac. Carson’s response, in which he appeared to either mishear or misunderstand “REO” as “OREO” soon became fodder for headlines during the day that followed.In response to a request for comment, DS News was provided with the following statement:My job is to focus on the real issues of what happens when a family can no longer pay their mortgage. FHA, through its lender partners, works extremely hard to avoid foreclosure whenever possible and to keep families in their homes. However, foreclosures can’t always be avoided. The question about what happens after a foreclosure is an important one. FHA moves heaven and earth to make sure these ‘real estate owned’ properties are sold to other families so they don’t become a neighborhood blight.Congresswoman Porter appears to believe we’re still in the middle of a foreclosure crisis in this country. We are not. Today, the number of foreclosed-upon homes, or REOs, are far below the levels of a decade ago. So, while she wants to focus on acronyms, I’ll continue to focus on families.Speaking to The Hill Wednesday afternoon, Carson said, “One of the reasons that I told [Porter] I would like for her to meet with our people is because she was a subject-matter expert in that 10 or 15 years ago. At that time we did have a lot of REO properties, we had over 65,000 of them. Now we have only about 6,500 and we do everything we can to keep families who are affected from foreclosure. That’s why the number is down so low. I think that she obviously is thinking about the way things used to be and has no idea what’s going on now.”Ed Delgado, President and CEO of Five Star Global, said, “During my discussions with Secretary Carson, I have found him to be not only knowledgeable but—just as importantly—caring and deeply committed to the important task of protecting and promoting American homeownership. That commitment is critical as the industry continues to work with HUD and other government agencies to develop common-sense policy that is in line with current economic realities while being responsive to the needs of the homeowners that we serve.”Editor’s note: Five Star Global is the parent company of DS News. Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save HUD Secretary Carson Responds to REO Controversycenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Government, News, REO May 22, 2019 2,744 Views Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more


Indian Navy Inducts INS Shakti


first_img Indian Navy Inducts INS Shakti View post tag: Naval View post tag: Shakti The Navy has got another major booster dose in its blue-water warfare and strategic reach capabilities, thanks to the induction of…(timesofindia)[mappress]Source: timesofindia, October 03, 2011 October 3, 2011 View post tag: Inducts View post tag: Indian View post tag: INS Share this article Back to overview,Home naval-today Indian Navy Inducts INS Shakti View post tag: News by topic Industry news View post tag: Navylast_img


Olybet named NBA betting partner for the Baltics and Slovakia


first_img COVID-19: How the virus is impacting sports events across the globe March 13, 2020 Related Articles StumbleUpon Submit Poker legend Molly Bloom in for CasinoBeats Malta February 20, 2020 NBA nets PointsBet operator partnership February 13, 2020 Share Share Olympic Entertainment Group AS (OEG) has confirmed that its flagship betting brand Olybet will become the official betting partner of the National Basketball Association (NBA) across Estonia, Latvia, Lithuania and Slovakia.The partnership will be promoted across more than 100 casino and retail locations in the region and on OlyBet’s and the NBA’s social and digital assets.In addition, OEG will become the presenting partner of the NBA’s free-to-play gaming platform, NBA Pick’Em, which will be localised for the region.“We are incredibly excited to partner with the NBA over the coming years. Lovers of basketball in our markets will now have more opportunities to engage with the NBA through live games and local events, social media and the best betting experiences in Europe,” said Corey Plummer, Chairman and CEO, Olympic Entertainment Group.“The limitless brand power of this partnership compels us to be more ambitious and more innovative than ever before and I look forward to bringing this future to our combined base of customers and fans.”Under the terms of the agreement, OEG will use official NBA branding across their land-based and digital sports betting offerings throughout Estonia, Latvia, Lithuania and Slovakia.Scott Kaufman-Ross, Senior Vice President, Head of Fantasy & Gaming at NBA, added: “We are thrilled to partner with OEG, a market leader in gaming resorts in the region. The timing of our partnership is ideal, given the unique opportunity in which NBA games will be live in European primetime every day during the seeding stage of the season restart.“Our partnership will give OlyBet the tools to create the most authentic NBA betting experience in the region, providing another way for fans to engage with the NBA.”last_img read more


NFL trade rumors: Browns ‘more than willing to deal’ running back Duke Johnson


first_imgSeveral teams expressed interest in Johnson earlier this month at the combine, but general manager John Dorsey insisted the running back was not “expendable yet” and he’s “absolutely’’ committed to Johnson, despite Hunt’s signing. Cleveland.com, however, reports that Dorsey is now willing to shop the 2015 third-rounder.  Related News Johnson reportedly was frustrated with his role with the Browns in 2018 as he had just 201 rushing yards and didn’t have a rushing touchdown. The Browns appear ready to move on from running back Duke Johnson. Cleveland is “more than willing to deal” Johnson, according to cleveland.com, which cited multiple unidentified sources, but the team won’t make a move unless the right offer is presented with “good compensation.”  The Browns signed running back Kareem Hunt on Feb. 11, however, they are still waiting to hear from the NFL about how long his suspension will be for his alleged involvement in a domestic violence incident, which cleveland.com notes will be a factor in the Browns’ decision on dealing Johnson.  Odell Beckham Jr. trade has made Browns the team to beat, says Myles Garrettlast_img read more