The Best Markets For Residential Property Investors 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: More Portfolio Contraction for Fannie Mae Next: And the Top-Ranked Metros Are… Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Arch Capital Expands MI Footprint with Acquisition Arch Capital Group Ltd. (ACGL) can move forward with its plans to expand its footprint in the private mortgage insurance industry with the announcement of the completion of the acquisition of United Guaranty Corporation (UCG) from American International Group Inc (AIG).Based in Bermuda, ACGL reported approximately $8.24 billion in capital as of September 30, 2016. The acquisition allows Arch to further the diversification of its business profile and customer base and expand Arch’s existing private mortgage insurance operations by combining UCG’s position as a leader in the private mortgage insurance industry in the U.S. with the financial strength and history of innovation of ACGL, according to the announcement from ACGL.The acquisition was originally announced in August and completed at the end of 2016. Arch agreed to pay AIG approximately $3.4 billion in a combination of cash and securities at closing.“We are extremely pleased to complete this transaction, which will enable our company to continue to provide a strong and diversified source of private capital to the U.S. mortgage insurance and housing finance markets,” said Constantine (Dinos) Iordanou, Chairman and CEO of ACGL. “We believe the impressive operational, managerial and risk management expertise of Arch, together with the talented professionals joining us from UGC, will enable us to provide our clients with the best products and services available anywhere in the industry.”According to ACGL, expanding its mortgage insurance sector in the U.S. complements the company’s critical specialty and insurance businesses. With the diversity across product lines furthered by the acquisition, ACGL will be able to deploy capital to the areas offering the best opportunity, according to the announcement.ACGL’s U.S. primary mortgage insurance operations will be headquartered in North Carolina with significant operations in California and will be overseen by David Gansberg, President and CEO of Arch U.S. MI Holdings. Gansberg will report to Global Mortgage Group CEO Andrew Rippert, who will be responsible for ACGL’s global mortgage insurance and reinsurance operations, according to the announcement.“We are gratified that Arch U.S. MI will be led by experienced professionals in Andrew Rippert and David Gansberg and welcome our new colleagues from UGC,” said Marc Grandisson, President and COO of ACGL. “Over the past several months, teams at Arch and UGC have been working together to ensure a successful integration of our combined operations and a seamless transition for our clients. Our combined mortgage group looks forward to further strengthening its leadership position in the development of innovative products and services to meet the ever-evolving needs of our clients and the housing finance system.” Demand Propels Home Prices Upward 2 days ago Tagged with: Arch Capital Group Mortgage Insurance United Guaranty Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News The Best Markets For Residential Property Investors 2 days ago Print This Post Related Articles Home / Daily Dose / Arch Capital Expands MI Footprint with Acquisition The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago January 3, 2017 1,388 Views Arch Capital Group Mortgage Insurance United Guaranty 2017-01-03 Brian Honea Subscribe
By Diálogo December 07, 2020 In early October, Venezuela’s illegitimate National Constituent Assembly (ANC, in Spanish) handed dictator Nicolás Maduro a law that enables him to omit or “disregard” compliance with other laws for the purpose of circumventing sanctions imposed by the international community and bolstering foreign investment.The so-called Anti-blockade Law for National Development and the Guarantee of Human Rights has the explicit purpose of “countering, mitigating, and reducing” the “harmful effects generated by the imposition” of sanctions from the United States and other countries, according to Article 1.Article 19 enables the Maduro-led executive branch to “disregard” legal regulations, in order to “overcome obstacles or compensate for damages” attributed to sanctions, or to “mitigate” international measures “that affect the inflow of foreign exchange.” In Article 26, the Anti-blockade Law contemplates privatizing PDVSA subsidiaries including PDVSA subsidiaries abroad.Maduro has been promoting this law in meetings he held in early November with members of the Chinese state-run investment company CITIC Group, and later with Iranian Foreign Minister Mohammad Javad Zarif.“The Anti-blockade Law is a great bet for novel, highly creative partnerships to develop the real, true economy and the wealth that Venezuela can generate and needs,” Maduro said during his meeting with Asian businessmen, state-run TV station Venezolana de Televisión reported.However, the National Assembly, led by lawmaker Juan Guaidó (recognized as Venezuela’s interim president by 60 countries), approved an agreement in mid-October that calls the Anti-blockade Law “non-existent and ineffective” and urges an investigation into those who passed this legislation.“Any person, natural or legal, who makes agreements or negotiations under this paralegal instrument of factual application could be involved in crimes against the nation,” the Parliament warns.Conindustria, a trade association for Venezuelan industries, also rejected the law. The association issued a statement on October 19, warning that now the executive has “unlimited power, bypassing all the regular resources and channels that impose limits and controls, placing itself above the current legal system, which may even be discretionally disregarded.”Against the constitutionVenezuelan lawyer Carlos Figueredo Planchart, a specialist in comparative international law and former legal advisor to several national and international banks, described the Anti-blockade Law as “unconstitutional.” He warned that the regime imposed it to facilitate their actions once they gain control of the legislative branch, after the December 6 elections.“Many contracts require the National Assembly’s legitimate consent, and with this law they want their international partners, such as China, Russia, Iran, and Turkey, to believe that they will get it,” he said.He explained that the purpose of the regulation is to “build trust” among governments that are close to Maduro and businessmen who amassed wealth during the Chavist era, so that they invest in the collapsed national economy.“This law will be a source of money laundering. That is one of the most serious things […]. And they believe this will generate new ways of hiding money,” he warned.Carlos Tablante, former president of the National Commission against Illicit Drug Use (CONACUID, in Spanish) said that, prior to the parliamentary elections, the Anti-blockade Law intends to “expand the base of political support” for the regime among business sectors that, so far, were able to remain neutral or close to the opposition.He said that the regime wants to “legalize gold and diamond extraction in the Mining Arc in order to carry out, with that legal varnish, transactions that have been restricted by the sanctions.”They will attempt to do all this without transparency, something the expert says they are trying to ensure with the ANC-approved regulation.“They want to make the entire administration opaque and turn disclosing commercial operations related to the objectives of this law into political crimes and treason,” he said. read more
The move comes at a moment of crisis in the White House, with Trump being treated for a Covid-19 infection that sent him to the hospital for three nights. The 74-year-old leader has fired off a stream of erratic tweets this week and raised eyebrows with a stream-of-consciousness interview early Thursday on Fox Business in which he said he beat the coronavirus because “I am a perfect physical specimen and I’m extremely young.”Pelosi warned Trump is suffering from a “disassociation from reality (that) would be funny if it weren’t so deadly.”The Pelosi effort would renew debate about what steps might be taken in the event the president becomes disabled to such a degree he cannot fulfill his responsibilities. US Democrats on Thursday proposed a commission to investigate whether Donald Trump is mentally fit for office – and look at the constitutional options for his removal if necessary.House Speaker Nancy Pelosi, told reporters that on Friday she and other Democrats would introduce a measure relating to the US Constitution’s 25th Amendment, which allows for the vice president to take over should it be determined that the president “is unable” to fulfill his duties.Pelosi’s office said Friday’s bill would “help ensure effective and uninterrupted leadership in the highest office in the executive branch of government.” But she received scathing criticism from Trump and other Republicans.”Crazy Nancy is the one who should be under observation. They don’t call her Crazy for nothing!” Trump boomed on Twitter.House Republican Mark Green used particularly blunt language. “I wouldn’t put it past @SpeakerPelosi to stage a coup,” the first-term congressman tweeted. “She has already weaponized impeachment, what’s to keep her from weaponizing the 25th amendment?”Pelosi’s action is unlikely to bring about a transition of power in the White House, as Vice President Mike Pence, a Trump loyalist, would be required to sign off on such a declaration.Pelosi on Thursday directly questioned Trump’s health status and his claim to be rapidly recovering from Covid-19.”I think that the public needs to know the health condition of the president,” she said.”Mr. President: When was the last time you had a negative test before you tested positive?” she asked.”Why is the White House not telling the country that important fact?”Topics : read more
Facebook Twitter Google+ Nine Syracuse players earned All-American honors on the Inside Lacrosse Maverik Men’s DI media list released Wednesday morning. The group, led by first-teamers Jamie Trimboli and Brendan Curry, had the most representatives of any program in the NCAA during the shortened season.Joining Trimboli and Curry — who combined for 31 goals and 37 points — was goalie Drake Porter and short-stick defensive midfielder Peter Dearth on the second team and close defender Brett Kennedy on the third-team. Chase Scanlan, Stephen Rehfuss, Jakob Phaup and Tucker Dordevic represented SU on the honorable mention list.The Orange’s first midfield line of Trimboli, Curry and Dordevic, part of what Hobart coach Greg Raymond called the best midfield in the country, helped them finish with the country’s sixth-highest scoring offense. From attack, Scanlan’s seven goals in the season opener provided a spark that led to outbursts of 21 goals against Colgate, a number SU duplicated three weeks later against Hobart.“With our offense, (opponents) kind of have to respect either the middle or the outside,” Scanlan said on Feb. 7. And led by Rehfuss’ 18 assists, SU found ways to facilitate those opportunities and end possessions with goals.Phaup’s 67.9% faceoff winning percentage, the sixth-highest in the NCAA, and 31 ground balls allowed many of those possessions to happen. Dearth scored the Orange’s first goal of the season and forced 11 ground balls, while Kennedy — who transitioned from long-stick midfielder to close defender in the offseason and became the Orange’s top cover defender after Nick Mellen’s week one injury — caused five turnovers and helped limit the one-on-one opportunities Porter (.577 save percentage) faced. AdvertisementThis is placeholder textThe Orange (5-0), whose season was canceled on March 12 amid the novel coronavirus outbreak, finished No. 1 in IL’s final poll — a spot they rose to after week three and held with victories over Hobart and Johns Hopkins. Comments Published on April 1, 2020 at 11:48 am Contact Andrew: [email protected] | @CraneAndrew read more
Germany have replaced Brazil at the top of the rankings. The Republic of Ireland have dropped 5 places to 34th in the latest FIFA World Rankings.The fall is a result of this month’s disappointing World Cup qualifiers, as they picked up one point against Georgia and Serbia.Qualification rivals Wales are up 5 places to 13th, while Northern Ireland have climbed 3 spots to their highest ever position of 20th.