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Bay Resistance says ‘Crush ICE’

first_imgDowntown San Francisco, Feb. 28.Hundreds of mostly young people shut down the San Francisco headquarters of the Immigration and Customs Enforcement department gates and blocked the intersection of Sansome and Washington streets on Feb. 28 to protest the gestapo-like roundup of alleged undocumented immigrants in the Bay Area.Activist youths, labor union members, church-affiliated people and anyone opposing the ICE attacks that break up immigrant families and disrupt the lives of millions joined the action. They joined arms — sometimes using lengthy extensions — and chanted against ICE while blocking ICE entrances and traffic in downtown San Francisco.One group of marchers arrived following a large banner that read, “Crush ICE.” Other protesters painted an enormous sign on the street with the message that the Bay Area was protesting ICE and demanding to “Keep families together.”ICE’s assaults on various communities in the Bay Area from San Jose to Oakland to San Francisco had led to the arrests of 150 people. According to ICE spokespeople, another 864 people had been targeted but escaped. For this slipup, ICE officials attempted to blame local elected politicians like Oakland Mayor Libby Schaaf, who warned people of the upcoming raids. Many of the local elected officials in California oppose the blatant repression of the raids and say they won’t cooperate with ICE.According to Indybay.org on March 1, “Some protesters — yelling, ‘Shut ICE down!’ — locked themselves together in human chains to block traffic well into the afternoon.” Others blocked ICE gates to prevent them from bringing more arrestees in.Protester Trilce Santana said, “What we want is for the folks who have been detained in this round of raids to be set free and to be able to have due process if they are still detained.” Santana said raids “destroy families, they spread terror, they make communities unsafe because [immigrants] are not able to reach out for services out of fear.” (Indybay, March 1)The Feb. 28 Mercury News reported Anand Singh’s comments: “We’re here to stand for justice and due process for all people.” Singh is president of UNITE HERE Local 2, a union representing thousands of workers in the service ­industry.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

FHFA Seeks Input on Front-End Credit Risk Sharing

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Tagged with: Credit Risk Sharing Transactions FHFA Front-End Risk Sharing Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Freddie Mac Starts Selling Reperforming Loans Next: Fed Asks Morgan Stanley to Resubmit Capital Plan Subscribe Credit Risk Sharing Transactions FHFA Front-End Risk Sharing 2016-06-29 Brian Honea About Author: Brian Honea June 29, 2016 1,095 Views The Best Markets For Residential Property Investors 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / FHFA Seeks Input on Front-End Credit Risk Sharing For the last three years, the GSEs have engaged in a number of credit risk sharing transactions in order to transfer more of the risk on the loans it guarantees to private investors.Most of the credit-risk transactions conducted by Fannie Mae and Freddie Mac have been of the back-end variety, meaning the loans where for which the risk is transferred are already on the GSEs’ balance sheets—as opposed to front-end risk sharing, which means the credit risk is transferred to a third party at the time the loan is originated—prior to the GSEs’ acquisition of the underlying mortgage.On Wednesday, the GSEs’ conservator, the Federal Housing Finance Agency (FHFA), issued a Single-Family Credit Risk Transfer Request for Input (RFI) for their ongoing analysis of front-end credit risk transfer transactions. The RFI seeks feedback from stakeholders on proposals to adopt more front-end structures and other credit risk transfer policy issues.Also on Wednesday the Agency published its Credit Risk Transfer Progress Report for June 2016, which provides an overview of how the GSEs share credit risk with the private sector through credit risk transactions and includes an update on the status and volume of credit risk transfers through the end of 2015.The progress report also includes a discussion on different transaction structures, investor participation, and the cost of credit risk transfer transactions to the GSEs, according to the FHFA.“The Credit Risk Transfer Progress Report demonstrates transparency and documents that there has been a great deal of progress in the credit risk transfer market in a short period of time, even though the market is still relatively young,” FHFA Director Melvin L. Watt said.  “The Request for Input demonstrates our commitment to build upon the progress and expand the array of credit risk transfer products.  Feedback from stakeholders is critical as we explore additional ways to enhance these programs and expand the investor base.”The deadline for parties to provide input on the topics identified in the RFI is August 29, 2016. Input can be submitted electronically or via mail to Federal Housing Finance Agency, Office of Financial Analysis and Modeling, 400 7th Street, S.W., 9th floor, Washington, D.C., 20219.Click here to view the FHFA’s Request for Input.Click here to view the FHFA’s Credit Risk Transfer Progress Report for June 2016. FHFA Seeks Input on Front-End Credit Risk Sharing Share Save Demand Propels Home Prices Upward 2 days ago 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. Sign up for DS News Daily in Daily Dose, Featured, News, Secondary Marketlast_img read more