Free Oscar López Rivera, NOW!

first_imgOscar LópezThe Dec. 31 New York Times editorial titled “Mr. Obama’s Trickle of Mercy” sharply criticized Barack Obama’s miserly use of the presidential clemency process, which has only released 95 federal prisoners who were serving “absurdly long” prison sentences. Oscar López Rivera was not among the 95, but after 34 years, he certainly should have been. Instead, on Jan. 6, as he marks his 73rd birthday in the Terre Haute, Ind., Federal Penitentiary, millions of people will redouble their campaigns to free him. That President Obama has chosen to ignore López to this point is an example of the special punishment meted out to men and women of uncompromising principle and conscience. López was convicted of “seditious conspiracy” along with other Fuerza Armadas de Liberación Nacional members. But it was his political beliefs, his lifelong commitment to Puerto Rican independence and self-determination for the Puerto Rican people, that were unforgivable to the profiteering U.S. bankers and bosses and their courts. Now his comrades have been freed and returned home. It is past time for López, too. All of Puerto Rico — from the independence movement to the proponents of U.S. statehood and commonwealth, to the youth and students fighting for education, to the Puerto Rican workers fighting pension cuts and austerity — demands freedom for López. The support is so strong that the governor of Puerto Rico officially visited López in prison. And in the Puerto Rican diaspora, in the schools and community organizations that López and his brother helped to lead in Chicago, in New York City, where the City Council endorsed a resolution to free him, the voices are loud and united for López’s freedom. Since 1898, when the U.S. defeated Spain and occupied Puerto Rico, Cuba and the Philippines in its imperial expansion beyond the North American continent, the struggle for self-determination and independence against colonialism has been irrepressible. In Cuba, liberated territory has been won. The struggle continues in Puerto Rico and the Philippines. Free Oscar López Rivera and all political prisoners! Free Puerto Rico!FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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Rising Interest Rates to Help MSR Holders

first_img The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Non-mortgage banking companies in the U.S. that hold  interest-rate-sensitive mortgage servicing rights (MSR) will soon get a “generous increase” in their capital positions thanks to a recent rise in interest rates, according to a report recently released by Moody’s Investors Service.The report said the rise in the 10-year Treasury yield, which increased to approximately 2.55 percent to year end from 1.65 percent  as of Q3 will result in mortgage companies reporting significant write-ups in their fair value MSRs for the fourth quarter of 2016. Fourth quarter earnings of US banks indicate a significant reversal of MSR fair value declines observed during the first nine months of 2016. Moody’s expects significant MSR write-ups for some of the six public non-bank mortgage companies Moody’s rates, reversing the declines in equity they incurred because of the MSR deterioration.”The prolonged low interest rate environment has led to significant declines in MSRs, eroding the capital and profitability of US non-bank mortgage companies that hold MSRs, but relief is on the way,” Gene Berman, Moody’s AVP-Analyst said.Of the six public mortgage companies Moody’s rates, Nationstar Mortgage Holdings, Inc. (B2 stable) and Walter Investment Management Corp. (Caa1 negative) should benefit the most from interest rate increases. Both Nationstar and Walter experienced large material reductions of MSRs at 10 percent and 23 percent of fair value of their MSRs during the first nine months of 2016, owing to the significant decline in interest rates. Assuming the MSR reductions are reversed, the capital levels of Nationstar would both increase by 1.7 percent (TCE to TMA), or a respective increase of 20 percent and 170 percent in percentage terms. Tagged with: Interest rates MSR MSRs About Author: Phil Banker Phil Banker began his career in journalism after graduating from the University of North Texas. He has covered a number of communities across Texas and southern Oklahoma, writing news and sports for publications including the Ardmoreite, Ennis Daily News and the Plano Star-Courier. He is currently a contributor to DS News and The MReport. February 3, 2017 2,032 Views Demand Propels Home Prices Upward 2 days agocenter_img Previous: EXCLUSIVE: Barney Frank Responds to Trump Order Next: The Week Ahead: Talking Appraisal Share Save Home / Daily Dose / Rising Interest Rates to Help MSR Holders Rising Interest Rates to Help MSR Holders The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Related Articles Interest rates MSR MSRs 2017-02-03 Phil Banker Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Headlines, News The Best Markets For Residential Property Investors 2 days agolast_img read more

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