Shannon Airport should be turned over to US Air Force

first_imgWATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Print Email RELATED ARTICLESMORE FROM AUTHOR Previous articleSchool bus driver who had ”inappropriate relationship” with female pupil is found not guilty of sexual assaultNext articlePREVIEW: Intermediate semi finals and SHC & IHC relegation battles Alan Jacqueshttp://www.limerickpost.ie Twitter Limerick’s National Camogie League double header to be streamed live Linkedin WhatsApp TAGSKeeping Limerick PostedlimerickLimerick PostShannon airport center_img Limerick Ladies National Football League opener to be streamed live Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash Predictions on the future of learning discussed at Limerick Lifelong Learning Festival LimerickNewsShannon Airport should be turned over to US Air ForceBy Alan Jacques – September 11, 2020 8022 Facebook THE lease for Shannon Airport should be turned over to the US Air Force.That was the view expressed by Independent County Limerick councillor Emmett O’Brien at this Tuesday’s meeting of the Adare-Rathkeale Municipal District.Sign up for the weekly Limerick Post newsletter Sign Up He was responding to a call from Fianna Fáil councillor Kevin Sheahan, who proposed that the Mayors of Limerick, Clare, Tipperary and Galway meet urgently to come up with a plan to save Shannon Airport before it becomes a “white elephant”.Cllr Sheahan was also quick to make light of Cllr O’Brien’s comment about the lease for Shannon Airport being turned over to the US Air Force.”That will make the headlines for sure. It’s cracked,” he said.However, Cllr O’Brien believes a “radical rethink” is now needed on the future of the airport.“As long as I’m looking across the Shannon, I’m hearing stories of Shannon Airport’s impending demise. We hear plenty of grandstanding and mindless waffle from well paid TDs talking a lot and saying nothing about how to save Shannon Airport,” the Pallaskenry native told the Limerick Post after Tuesday’s meeting.“We need a left-field approach. In this proud Republic, we have to pick up the phone to the ‘perfidious Albion’ and plead with the Royal Air Force (RAF) to protect our national air space as Russian military aircrafts deliberately encroach on our sovereign territory.“Meanwhile, American service men still pass through Shannon under great secrecy. It’s high time to admit reality, the reality that we need a radical approach. If that means leasing Shannon to the United States Air Force, than let’s, at least, have the conversation,” Cllr O’Brien said.Speaking in County Hall this Tuesday, Cllr Kevin Sheahan also called for the 40 members of Limerick City and County Council to come together and show their support for Shannon Airport in its hour of need.”While Aer Lingus abandons it and moves all its transatlantic flights across the water, we need a plan for the future of Shannon Airport before more damage is done,” Cllr Sheahan declared. Advertisement Donal Ryan names Limerick Ladies Football team for League openerlast_img read more

Ginnie Mae Expands Servicer Liquidity Facility

first_img The Best Markets For Residential Property Investors 2 days ago Liquidity servicer 2020-04-10 Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, News Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Liquidity servicer  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Ginnie Mae Expands Servicer Liquidity Facility Servicers Navigate the Post-Pandemic World 2 days ago About Author: Mike Albanesecenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Ginnie Mae Expands Servicer Liquidity Facility April 10, 2020 2,724 Views Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Ginnie Mae announced an All Participants Memorandum (APM) on Friday, expanding its servicer assistance program in response to the spread of COVID-19. The APM introduces a new version of the existing Pass-Through Assistance Program (PTAP) for servicers facing a temporary liquidity shortfall related to coronavirus. Ginnie Mae states the application of the PTAP to the  COVID-19 National Emergency allows servicers to apply for assistance meeting their contractual obligations to make “timely and full principal and interest payments” due to mortgage-backed securities (MBS) holders without being held in default.“This assistance is intended to minimize disruptions in the mortgage servicing and MBS capital markets as borrower forbearance and loss mitigation programs are implemented to provide relief to homeowners affected by the COVID-19 National Emergency,” the release states. Funds advanced by Ginnie Mae will bear a fixed-rate of interest. The rate will apply to a months’ pass-through assistance to servicers will be posted on Ginnie Mae’s website. “This is an extraordinary and last resort option for Issuers in these unprecedented times, that will enable them to continue to serve homeowners and renters in America who rely on the government mortgage programs financed by Ginnie Mae,” said Ginnie Mae Principal EVP Seth Appleton. “As important, this program underscores Ginnie Mae’s commitment to ensure timely payment of scheduled principal and interest to investors holding our MBS in all market conditions.”Ginnie Mae previously announced the approval of the inclusion of a facility to advance funds under its Acknowledgement Agreement Program. The agreement states Ginnie Mae has permitted a Note Securitization (NS) structure, which was developed in 2016 and allows for the securitization of servicing cash flows through a trust. A release from Ginnie Mae says this structure has been “strongly supported” by institutional investors that lacked a vehicle for investing in mortgage servicing rights (MSRs). Five of Ginnie Mae’s top 11 issues—based on February issuance volume—use the NS structure. “Owning and servicing MSRs is a capital-intensive proposition, and the more avenues that exist for private capital to flow into the system on attractive terms, the easier it becomes to fulfill our mission of bringing global capital into the US housing market, while minimizing risk to the taxpayer,” Appleton said. “We are pleased to have been able to finalize this transaction, because it represents another step forward in the improvement of the liquidity supply for the housing finance system.” Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Previous: St. Louis Fed Economist on Recession Threat, Housing Next: Unemployment Could Lead to Mortgage Forbearance Surge Subscribe Share 2Save Sign up for DS News Daily last_img read more