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How the Army Corps of Engineers closed one New Orleans breach
November 16, 2018

Friday, September 9, 2005

New Orleans, Louisiana —After Category 4 storm Hurricane Katrina slammed into New Orleans, on the night before August 29, 2005, several flood control constructions failed. Much of the city flooded through the openings. One of these was the flood wall forming one side of the 17th Street Canal, near Lake Pontchartrain. The U.S. Army Corps of Engineers (USACE) is the primary agency for engineering support during such emergencies. A USACE team was assessing the situation in New Orleans on the 29th, water flow was stopped September 2nd, and the breach was closed on September 5th.

Contents

  • 1 Background
  • 2 August 27: Before the storm
  • 3 August 29: Day of the storm
  • 4 August 30: Flood
  • 5 August 31: Recovery begins
  • 6 September 1: Construction
  • 7 September 2: Water flow stopped
  • 8 September 3
  • 9 September 4: Almost done
  • 10 September 5: Breach closed
  • 11 September 6: Pumping and moving on
  • 12 See also
  • 13 Sources
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Bank of America leads Consumer Financial Protection Bureau complaints about mortgages
November 15, 2018

Thursday, October 3, 2013

A review this week by Wikinews of US Consumer Financial Protection Bureau (CFPB) complaints about mortgages in the United States shows Bank of America leads all lending institutions in complaints.

Since mortgages complaints were recorded in December 2011, 77,622 total have been added to CFPB’s database. 29.2% of these complaints involved Bank of America, with the second most received by Wells Fargo, accounting for 15.5% of all complaints. JPMorgan Chase ranked third by volume of complaints with 9.8%. Ocwen was fourth with 8.7% and Citibank was fifth with 4.8%. Nationstar Mortgage; Green Tree Servicing, LLC; HSBC; PNC Bank; U.S. Bancorp; OneWest Bank; SunTrust Bank; Flagstar Bank; and Select Portfolio Servicing, Inc. each had between 1.0 and 3.8% of total complaints. The remaining 14.4% of all complaints about consumer mortgages were divided between about 530 other lending institutions.

The Motley Fool reported last month that for the past fiscal quarter, the biggest US based mortgage lenders were from first to fifth Wells Fargo, JPMorgan Chase, Bank of America, Quicken Loans and U.S. Bancorp.

According to the US Federal Reserve, debt for family residences stands at US$10.706 trillion for the second quarter of 2013. As of the end of June of this year, Bank of America is the United States’s second largest commercial bank with US$1.343 trillion in domestic assets. Wells Fargo is the fourth largest commercial bank with US$1.251 trillion in domestic assets. JPMorgan Chase is the largest US commercial bank with US$1.329 trillion in domestic assets and US$1.947 trillion in total assets.

The mortgage complaints in the CFPB report include several subproducts. Conventional fixed mortgages account for 27.1% of all complaints. Conventional adjustable mortgages account for 10.0%. FHA mortgages account for 7.7% of all complaints. Home equity loans or lines of credit account for 3.8% of all complaints. VA mortgages are 1.4% of all complaints. Second mortgages and reverse mortgages each account for 0.6% of complaints. The remaining 48.7% of complaints are about other mortgages or other mortgage issues. A few years ago, FHA loans accounted for about 10% of all US mortgages while VA loans accounted for about 3%. Prime loans accounted for over 75% of the market and the rest were subprime mortgages.

California leads all states by volume of complaints with 14768. It is followed by Florida, New York, Georgia and Texas. When complaints are divided by a state’s total population, New Hampshire leads. The state is followed by Washington D.C., Maryland, Georgia and Florida. Complaints do not correlate with national rankings for August’s foreclosure rate by state where Nevada topped the list, followed by Florida, Ohio, Maryland and Delaware.

Two zip codes account for over 1,000 total complaints between them. 565 complaints originated in the 48382 zip code, which is in Commerce Township, Michigan, located in suburban Detroit. 553 complaints originated in the 33071 zip code, in Coral Springs, Florida. According to real estate website Zillow, there are currently 1,033 properties in foreclosure in Coral Springs while Commerce Township only has 131 properties currently in foreclosure. Four other zip codes have 100 plus complaints originating from them. 91730, in Rancho Cucamonga, California, had 158 complaints. 33409, in West Palm Beach, Florida, had 132. 92626, in Costa Mesa, California, had 125 complaints. 92660, in Newport Beach, California, had 122 complaints. Respectively, the towns had 534, 1,068, 153, and 134 properties currently in foreclosure. These numbers are higher than for the cities of a few sampled zip codes where there was only one complaint, such as Gold Hill, Oregon which has 4 properties in foreclosure, and Decatur, Illinois which has 6 properties in foreclosure.

The CFPB categorizes complaints into six categories: “Loan modification, collection,foreclosure” or problems when a person is unable to pay; “Loan servicing, payments, escrow account” or problems with making a payment; “Application, originator, mortgage broker”; “Credit decision / Underwriting”; “Settlement process and costs”, and “Other”. The CFPB says the complaint types indicate consumers “appear to be driven by a desire to seek agreement with their companies on foreclosure alternatives. The complaints indicate that consumer confusion persists around the process and requirements for obtaining loan modifications and refinancing, especially regarding document submission timeframes, payment trial periods, allocation of payments, treatment of income in eligibility calculations, and credit bureau reporting during the evaluation period.” Currently, 59.6% of all complaints against lenders deal with being unable to pay. 25.1% deal with problems in making a payment. 7.0% have to do with the application process.

Of the complaint-heavy zip codes, for 48382 in Commerce Township, Michigan, 98.9% of all complaints have to deal with being unable to pay. Accounting for 23.4% of all mortgage complaints in Commerce Township, 132 of the complaints for being unable to pay were made regarding Bank of America, accounting for 97.8% or all but 3 complaints against them from the zip. 121 of the Bank of America responses in Commerce Township were closed with explanation and 12 were closed with non-monetary relief. 33071 in Coral Springs is different, with 537 of the 553 complaints being categorized under other. Only 11 complaints relate to foreclosure and issues with being able to pay. 92626 in Costa Mesa, where 32% of the mortgage complaints were about Bank of America and 26.4% were about Wells Fargo, had 93.6% of its complaints dealing with being unable to pay. 5 total complaints dealt with payment issues and 3 dealt with applications.

Beyond regional variance in complaint types lodged, the top five mortgage lenders by volume of complaints all had being unable to pay as their top complaint category, ranging between 55.8% for Citibank and 69.4% for Bank of America. Problems with payment accounted for the second largest area of complaints, with Ocwen having the largest percentage of complaints at 31.9% and Bank of America having the smallest at 18.8%. Foreclosure was the top area of complaints for a number of other lending institutions including 1st Alliance Lending, OneWest Bank, Ally Bank, Banco Popular de Puerto Rico, Bank of the West, BMO Harris, BOK Financial Corp, Caliber Home Loans, Inc, Capital One, Deutsche Bank and EverBank.

Nationally, complaints reached a high of 5,840 for January 2013, 1,107 more than the next highest month of April 2013. The total emerging for September is the second lowest since records were first kept in December 2011. On a state by state level, this pattern largely repeats with a major exception for Florida which saw a peak of 849 complaints in June 2012. Then, as now, Florida was one of the top five states in the nation in its foreclosure rate. The national January spike came as the Qualified Mortgage standard required by the The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 came into play. It required mortgage lenders to take steps to insure borrowers could repay their mortgages.

Bank of America’s complaint volume follows the national trend, with a spike in January 2013 with 1,925 total complaints. Unlike nationally, the next month by volume of complaints was February of this year with 1,598 complaints. Prior to that, the highest month was May 2012 with 1,418 complaints. The lowest volume of complaints is September this year with 334.

Wells Fargo matched national trends for volume of complaints by month, with the exception of the current month being the lowest on record for number of complaints with 197 compared to the next lowest month, December 2011, when they had 221. JPMorgan’s complaint volume by month spiked in January and March of this year with 504 complaints. April of this year was the next highest month with 493 complaints, edging out May of last year with 488 complaints. September this year is on track to be the lowest month by complaint volume.

The federal government shutdown is unlikely to impact the current mortgage situation in the United States directly for most consumers, though mortgage processing by the Federal Housing Administration could be slower, resulting in fewer mortgages processed.

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US Defense Secretary evaluates Iraq and the political climate
November 14, 2018

Friday, April 6, 2007

U.S. Defence Secretary Robert Gates warned that limiting funding for the United States efforts in Iraq could lead to more bloodshed in the Middle Eastern country. In an interview with radio talk show host Laura Ingraham, he said it might even lead to ethnic cleansing in Bahgdad and elsewhere in Iraq.

Gates’ comment followed a proposal from Senate Majority Leader Harry Reid to end most spending on the Iraq war in 2008, limiting it to targeted operations against al Qaeda, training for Iraqi troops and U.S. force protection.

Sec. Gates also said that the duration of the troop increase is not clear and that evaluating whether the Administration’s new strategy was working will have to wait till mid-summer. The Army general charged with day-to-day operations has suggested that the increased deployment may extend to early next year.

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What To Look For When Searching For Streatham Estate Agents Online

by

danielgiibs

When you are planning to purchase or sell your house or flat at Streatham, you will surely be planning to seek the help of a Streatham estate agent. As you might be aware, Internet is gaining popularity as an electronic media and you can also make use of this source for seeking the help of an estate agent. There are professional real estate agencies in this part of the world offering their service through online and so you can easily find one such company online.

If you are a seller looking for a Streatham estate agent, you can just visit the website of such a company and can just request a free valuation for your property by providing details about it in the online application form along with your contact number and email address. Once this is done, one of the agents working for the agency will be contacting you and before they actually contact you, you can just decide on the services that you need from them like if you want them to make arrangements for the enquirers to view the house, if you want them to do online marketing on your behalf, etc… You will be charged according to the package you are selecting. Then, you can relax yourself until your house finds a reliable buyer.

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If you are a buyer, you can view the complete list of properties available in your intended area. For instance, if you are planning to purchase a property in Stoke Newington, you can just view the list of houses available in this area from the website of the estate agents Stoke Newington\’s website. Once you find that a house will be suitable for you, you can get complete details about the property like its floor plan, its location map, its image, etc… and there will be a button called \’arrange for viewing\’, which will take you to an online form and once this form is submitted, the firm will be arranging for taking you to the property in person. If you are satisfied with the property, you can go for further talks with the seller through the estate agents Stoke Newington firm.

So, when searching of properties for purchase and searching of purchaser for a property has been made this much easier through online brokers, buyers and sellers are greatly benefited. Even, people who wish to let their property on rent or people looking to find a property for rent can also seek the help of these agencies online.

Fishneedwater is a well established estate agency covering SW19 and the surrounding areas. We are the best online

estate agents in catford

, offering property sellers and landlords with a fantastic value for money alternative to the traditional high street estate agents in Wimbledon. To know more about

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, please visit us online.

Article Source:

ArticleRich.com

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Fiji loses rights to host World Netball Championships next year
November 13, 2018

Saturday, December 9, 2006

The International Federation of Netball Associations (IFNA) has stripped the rights from Fiji to host the World Netball Championships in 2007 because of the military coup that took place on December 5.

The Netball Championships were to take place between 10 July and 21 July, 2007 at Fiji’s capital, Suva.

IFNA president, Molly Rhone, said: “It is deeply regretted that we have had to take this decision, recognising the hard work that has been done by the Organising Committee in preparing to host their first senior World Championships.”

“We know that many supporters around the world were looking forward to this great sporting event in Fiji,” Ms Rhone said.

Alisi Tabete, president of Fijian netball, said that today is a very sad day for sports and that they had wasted many years preparing to host the championships. “We had been working on this event from 1999 and right now I am trying to reason with myself as to why the championships has been lost and just thinking ‘what if’.”

“We have to think positive and am still thankful that we had been given a chance for the champs,” Ms Tabete said.

The IFNA is yet to announce a replacement venue for the games. Ms Rhone said: “IFNA will now be working assiduously to find a new venue to host the Championships.”

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Russian submarine rescued by Royal Navy
November 13, 2018

Sunday, August 7, 2005

A Russian submarine trapped during a training exercise in Berezov Bay, 75 km south of Petropavlovsk in Kamchatka, has been rescued after it was cut free by a Royal Navy Remotely Operated Vehicle (ROV). The crew of seven officers and midshipmen, who spent three days in temperatures around 6oC and were running out of oxygen supplies, were unharmed.

The submarine appeared on the surface at 4:15 p.m. local time. “The crew opened the hatch and climbed the rescue ship’s deck on their own,” said Admiral Victor Fyedorov. The first aid to the crew was given on ship Alagez, and they were transferred to Petropavlovsk-Kamchatka hospital.

The British Scorpio ROV cut fishing nets and debris, freeing the trapped submarine. “The rescue operation was completed successfully. We thank everyone, and especially the British rescue crew,” said Fyedorov.

The submarine will be repaired and modernized. “After salvaging it, AS-28 will be carried on one of the rescue ship’s decks to the coast, where specialists will examine it,” said a spokesperson of VMS (“Company for secondary metal and boats”). Russian President Vladimir Putin has pledged an inquiry into the incident.

The United States and Japan also sent equipment to help in the rescue. However, it was not used.

  • Vyacheslav Milashevskiy (???????? ???????????), captain-lieutenant
  • Antoliy Popov (???????? ?????), navigator
  • Sergey Belezerov (?????? ?????????)
  • Alexandr Uybin (????????? ?????)
  • Alexandr Ivanov (????????? ??????)
  • Valeriy Lepotyuha (??????? ????????)
  • Henadiy Polonin (???????? ???????)

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Ontario Votes 2007: Interview with Family Coalition Party candidate Blaise Thompson, St. Paul’s
November 12, 2018

Wednesday, September 26, 2007

Blaise Thompson is running for the Family Coalition Party in the Ontario provincial election, in the St. Paul’s riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

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Submitted by: Fin Lease

When requiring finance to fund ambitious expansion plans, or to cope with short term cash flow problems, small businesses are finding a more welcoming atmosphere and better deals through smaller specialised operations than the traditional route of big banks.

Since the global financial crisis of 2008, the big banks often appear to have shied away from lending money to smaller businesses. Small business loans, for whatever reason, are often perceived to be too risky for the majors to take on, and with fears of a second financial crisis heading our way this situation may not improve.

Market analysts around the world are slashing their growth forecasts, as concerns over the health of the world’s finances are being hit with negative news almost on a daily basis. Turmoil in the Euro-zone, with whole countries on the verge of bankruptcy, and the huge hole in the finances of the United States highlighted by the shenanigans over the debt ceiling at the beginning of August, have served only to push the brake pedal of bank lending to small business even harder. This economic backdrop has led global economic expansion forecasts to be lowered by UBS, Morgan Stanley, and Citigroup.

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Indeed, Citigroup has also cut its forecasts for earnings per share growth at Australia’s four biggest banks, saying that the capital buffer rules aimed at preventing another global credit squeeze will inhibit ability to lend and therefore dampen earnings potential.

It is now even more important for customers to build long lasting relations with their bank, and yet it is increasingly difficult for entrepreneurs to get the time to sit down with an advisor and work towards a close working partnership. And when, finally, this does happen, more often than not the bank changes its personnel and the whole process has to start again. For a small business owner looking for a small business loan, this process can be time consuming and costly.

Professional Leasing Services have existing relationships with all the major banks, and their clients are able to take advantage of this. They are able to offer a long term dedicated relationship with their clients, and this means that they can talk to banks from a position of strength on behalf of clients to achieve the best loan or banking solution for you. Of course, not all small finance houses offer this service. Many concentrate on finance and credit facilities only.

But with years of experience behind us, and the advantage of having long lasting client relationships, Finlease is one of those that work for its clients to come to a complete banking solution, which will offer the financial support required in the tough times and for business growth.

Unlike the big banks, at Finlease; we take the time to visit you, understand your situation and assist you in selecting the right financing solution. If you are not satisfied with our solution, simply walk away with no cost. We are delighted to seek approvals as over 85% of them are taken up by clients! Find out more at: http://finlease.com.au

About the Author: Finlease is one of those that work for its clients to come to a complete banking solution, which will offer the financial support required in the tough times and for business growth.Find out more at:

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Source:

isnare.com

Permanent Link:

isnare.com/?aid=1394753&ca=Finances

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Interview: Danny O’Brien of the Electronic Frontier Foundation
November 12, 2018

Tuesday, January 24, 2006

January’s second Interview of the Month was with Danny O’Brien of the Electronic Frontier Foundation (EFF) on 23 January in IRC.

The EFF is coming off a series of high-profile successes in their campaigns to educate the public, press, and policy makers regarding online rights in a digital world, and defending those rights in the legislature and the courtroom. Their settlement with Sony/BMG, the amazingly confused MGM v Grokster decision by the Supreme Court of the United States, and the disturbing cases surrounding Diebold have earned the advocacy organization considerable attention.

When asked if the EFF would be interested in a live interview in IRC by Wikinews, the answer was a nearly immediate yes, but just a little after Ricardo Lobo. With two such interesting interview candidates agreeing so quickly, it was hard to say no to either so schedules were juggled to have both. By chance, the timing worked out to have the EFF interview the day before the U.S. Senate schedule hearings concerning the Broadcast flag rule of the FCC, a form of digital rights management which the recording and movie industries have been lobbying hard for – and the EFF has been lobbying hard to prevent.

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Wikinews interviews Amber Merritt Australian Paralympic wheelchair basketballer
November 11, 2018

Thursday, September 6, 2012

London, England— Tuesday, following her team’s 62–37 win over Mexico in the quarter-finals at the North Greewich Arena, Wikinews interviewed Amber Merrit of the Australian women’s national wheelchair basketball team.

In their next match, the Gliders will face the victors from the United States versus Canada, having suffered their first loss of this year’s Games to Canada on Sunday night by seven points.

((Laura Hale)) I’m excited to see you in London, because you were so fantastic in that interview.

[Wikinews previously interviewed Merrit, and teammates in July. —Ed.]

Amber Merrit: Thank you.

((WN)) Which state are you from?

AM: I’m from WA. [Western Australia —Ed.]

((WN)) You wheel change! What was wrong with your wheel?

AM: I smashed out three spokes. Someone hit me, and I lost three spokes in my chair.

((WN)) was that because you were playing really aggressively against Mexico?

AM: Yeah, or they were playing really aggressive against us.

((WN)) Watching that game it didn’t seem that they were playing that aggressive, in terms of they came in with set pieces; they weren’t doing the full-court press; they didn’t seem prepared for your offensive and defensive tenacity. ((Hawkeye7)) You kept on all holding them out, where they weren’t even getting across the centre line

AM: I think we have a really physical style of basketball where we’re going to press, and when we press we try to stop chairs and make sure they don’t get over that halfway line. They’re going to come out and play as hard as they can against us and sometimes there is that odd mishap where they might smash a few spokes cause they hit us. It happens.

((WN)) You tipped a lot in previous games. You haven’t tipped so much in this series.

AM: No, I’ve managed to keep my balance this time. Or maybe they haven’t hit me hard enough to put me down on the floor.

((WN)) Part of the appeal of wheelchair basketball, and I feel guilty admitting it, it watching you guys tip.

AM: And fall out. It’s embarrassing but I like it.

((WN)) You’ve got your next game coming up, which is going to be against the winner of the United States or Canada later today

AM: We’re not 100% sure yet who that’s going to be.

((WN)) Looking forward to meeting them?

AM: Yeah! Looking forward to coming up against them.

((WN)) Who would you prefer?

AM: I don’t know if I have a preference, to be honest. Whoever its going to be, we’re still going to go out there and play as hard as we can and take it to them as a team.

((WN)) Do you think you’ve been adequately prepared coming in to this, with your tournament in Sydney, your tournament in the Netherlands?

AM: Yeah, I think we’ve come in very well prepared for this tournament. We’ve been together for a while now as a team. Of course we had the Gliders and Rollers world challenge. We also went to Arnheim in the Netherlands for a pre-tournament, and we’ve trained together in Cardiff. And then after Cardiff we came in to London; so we’ve had that time together as a team and we’re doing really well.

((WN)) Does that give you an advantage over other teams?

AM: I’m not sure, because I don’t know what other teams have been doing behind the scenes as their training.

((WN)) Thank you very much.

AM: No worries!

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