SunTrust Misses the Mark

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago HSBC National Mortgage Settlement SunTrust 2016-12-14 Kendall Baer in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / SunTrust Misses the Mark  Print This Post Previous: Reducing Habitually Delinquent Properties – A New Year’s Resolution? Next: Didn’t Like October’s Foreclosure Spike? Here’s Good News… An independent monitor for the 2012 National Mortgage Settlement (NMS) has issued a report that SunTrust has fallen short in the progress with the NMS requirements, while HSBC’s first monitor report has passed with flying colors.The NMS was originally finalized in April 2012 between 49 states and the District of Columbia, the federal government, and five banks and/or mortgage servicers (Bank of America, Citi, JPMorgan Chase, Ally/GMAC, and Wells Fargo). As part of the agreement, the five servicers were required to provide $20 billion in consumer relief and $5 billion in other payments.SunTrust became party to the NMS in June 2014 when it settled with the DOJ for $968 million to resolve claims that the bank engaged in improper mortgage origination practices as well as servicing and foreclosure abuses.Joseph A. Smith, Jr., monitor of the National Mortgage Settlement (NMS), reported that SunTrust failed one test during the first quarter of 2016 related to the collection of default-related fees including property preservation fees, valuation fees and attorneys’ fees.This report was also the first monitor report after HSBC reached a settlement of $601 million with the DOJ, HUD, CFPB, Federal Reserve, and 49 states in February of this year over claims similar to that of SunTrust.According to Smith, HSBC did not fail any of the Monitor’s tests on compliance for this first report. Additionally, the servicer has been credited with $222,601,311 in consumer relief towards its total obligation of $370 million, says the report.“HSBC has completed 60 percent of its consumer relief obligation and did not fail any of its tests during the first half of 2016 on how it communicates with and treats borrowers,” says Smith. “SunTrust failed one metric in the first quarter of 2016 related to the collection of default-related fees. I will continue to monitor HSBC and SunTrust’s compliance with the NMS servicing standards and will report on my review to the Court and the public in early 2017.” SunTrust Misses the Mark Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img About Author: Kendall Baer Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: HSBC National Mortgage Settlement SunTrust Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago December 14, 2016 1,096 Views The Best Markets For Residential Property Investors 2 days ago Related Articles Share Save Subscribelast_img read more

Shakespeare at Notre Dame presents two-man ‘Macbeth’

first_imgShakespeare at Notre Dame will host two performances of “Macbeth” Oct. 30 and Oct. 31 at 7:30 p.m. at the DeBartolo Performing Arts Center. Unlike other “Macbeth” performances, these showings of the Shakespeare play will only include two actors: Paul O’Mahony and Troels Hagen Findsen.The play follows the story of Macbeth — a Scottish general who is told by three witches that he is destined to become king of Scotland — and his wife, Lady Macbeth. Together, Macbeth and Lady Macbeth take a series of steps to fulfill the prophecy.“It’s a story of ambition and what you do once you attain power — it’s a compelling exploration of our nature,” O’Mahony, who plays Macbeth and several other characters, said in an email. “We’ve aimed to explore some of the lightness within what is often a challenging and bloody play.”O’Mahony said the show, which will last 80 minutes, is a bit different since it is only performed by two people.“It’s quite a physical show and we have many scenes where we’re playing multiple characters,” he said.O’Mahony said he and director Mike Tweddle knew when selecting the play they wanted to do a show with only two people, so it became one of the selection criteria for the play.“We knew that we wanted to create the show with just me and Troels … after he and I worked together on some of our earlier productions,” O’Mahony said. “A lot of our earlier work was devised and we were keen to tackle text.”Given this constraint, O’Mahony said they looked for a play with strong pairs of relationships. He said while they re-read several Shakespeare plays to find one to perform, “Macbeth” kept grabbing their attention since it has “enduring relevance” and there are multiple pairs present in the work.“Most famously there’s Macbeth and Lady Macbeth, but there’s also Macbeth and Banquo (who start as close friends but become estranged), Macbeth [and] Macduff, Malcolm and Macduff and Macduff and Ross,” he said in the email.Using just two people, O’Mahony said, meant they could focus on the pairs for the relationships.“We found that by stripping away some of the elements which are sometimes relied on in bigger productions, it allowed us to focus more on the relationships between these pairs, and to share the story more clearly,” he said. “It created a lot of work for us, but the restrictions forced us to find creative solutions.”To create a production that O’Mahony said they hope “feels fresh and exciting” and “[offers] a new take on the story,” he said they made some changes to the play, including cutting some storylines and combining characters.For this reason, O’Mahony said the scene after Duncan’s death is one of his favorites in the play.“That’s the scene where we play the most characters and we had to find a lot of solutions for how we could stage something so epic with just the two of us,” he said.Another favorite part of the performance for O’Mahony has been exploring the character of Ross.“Macbeth goes on an amazing journey and it all happens so quickly (especially in our production), but I’ve also really enjoyed playing Ross whose role we’ve increased by giving him lines from other thanes,” he said in the email. “His relationship with Macduff and the way he encourages others to rebel has been fascinating to explore.”O’Mahony said he hopes the audience is surprised by the resulting performance.“We’d like them to feel that they were included within the story, that they were sometimes put on the spot as to whether they supported the Macbeths or not,” he said in the email.Tickets for “Macbeth” are available online on the DeBartolo Performing Arts Center’s website.Tags: debartolo performing arts, DeBartolo Preforming Arts Center, Macbeth, Shakespeare, Shakespeare at Notre Damelast_img read more

Northern Ireland great Jimmy Nicholl urges players to become national heroes

first_img Michael O’Neill is on the verge of ending that sequence, with three points against Greece on Thursday enough to guarantee a spot at Euro 2016. And Nicholl, who was recruited as right-hand man in March, is eager to see new icons emerge. “It’s massive for the whole country, 30 years since we’ve been in this position,” he told Press Association Sport. “Both times we were at the World Cup it was such an achievement for us to be there on that stage. “We were a group of lads who knew we had a chance of achieving something remarkable for Northern Ireland, something that hadn’t been achieved since 1958. “We followed in the footsteps of great players like Danny Blanchflower, Jimmy McIlroy, Harry Gregg and now I want these lads to follow in our footsteps. “I’m proud and privileged to be part of it but this is their moment and their time. “They’d be national heroes. It’s a new generation… kids who came with their fathers to see us are bringing their own kids now. “There’s people who come and watch Northern Ireland who’ve never seen them at a tournament, I hope that changes next summer and I’m sure it will.” Nicholl was part of the side that went to the World Cup in Mexico nearly 30 years ago and he also played in the previous tournament in Spain. But Northern Ireland have been on the outside looking in ever since, with five successive managers failing to emulate the achievements of Billy Bingham. Press Associationcenter_img Northern Ireland assistant manager Jimmy Nicholl wants the current generation to become “national heroes” by emulating the class of 1986. last_img read more