Tag: 爱上海IL

Mancuso is tied for lead in World Cup standings

first_imgJulia Mancuso has moved atop the World Cup overall standings for the first time this season as she bids to become the first American woman to win the title in nearly a quarter-century. But she’s not alone. Renate Goetschl of Austria won her record 17th World Cup super-giant slalom , by more than a second Sunday to join Mancuso at the top of the overall standings. Goetschl, who already had clinched the season’s super-G title, skied the 1.2-mile Prampero course in 1 minute, 18.66 seconds. Nicole Hosp of Austria was second, 1.01 behind, and Mancuso was third, 1.22 back. in Tarvisio, Italy Matt wins second straight: World champion Mario Matt won his second straight World Cup slalom in Kranjska Gora, Slovenia, and Benjamin Raich finished second to reclaim the lead in the overall standings. Bode Miller was 23rd in 1:43.89. Also: Raphael Poiree shot clean and won the men’s 12.5-kilometer pursuit race for his third straight World Cup biathlon victoryin Lahti, Finland. … Odd-Bjorn Hjelmeset won the men’s 50-kilometer cross-country race on the final day of the Nordic World Ski Championships in Sapporo, Japan. … Oskar Svard won the 56-mile Vasaloppet cross-country marathon by two seconds in Mora, Sweden. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

League Cup round up: Chaplin steals limelight as Portsmouth defeat Championship side Derby

first_img Ben Davies and Andreas Weimann battle for the ball 1 League Two side Portsmouth shocked Championship outfit Derby County in the first round of the League Cup as they ran out 2-1 winners at Fratton Park.The Rams made a raft of changes to their side but were still able to call on the likes of Darren Bent, Andreas Weimann, Jeff Hendrick and Jason Shackell.Pompey claimed a shock lead four minutes into the second half as Adam McGurk nodded in past Lee Grant but Derby found themselves level with 73 minutes gone as Jason Shackell headed home at the back post.Portsmouth, though, are used to providing cup shocks and racked up another as 18-year-old Conor Chaplin, off the bench, to guide an Enda Stevens cross home and steal the show, sending them into the next round.Middlesbrough eased to a 3-1 victory as they avoided an upset at the hands of Oldham Athletic.Uruguayan international Christian Stuani was the star for the Championship side as he hit a brace in his first competitive start for the club, following Yanic Wildschut’s opener.Ex-Chelsea youngster Danny Philliskirk got a consolation goal in added time for the Latics.And in the third and final game of the night, Preston registered a 3-1 triumph over Crewe Alexandra.Early strikes from Jordan Hugill and Will Keane put North End two goals to the good with just 13 minutes on the clock, but Crewe made them sweat when Adam King ten minutes before the break.But Josh Brownhill made sure of the victory late on for Preston as he converted a Chris Humphrey cross.last_img read more

ISL 2019-20: ATK Eye 1st Win as They Face Newbies Hyderabad FC at Home

first_img Get the best of News18 delivered to your inbox – subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what’s happening in the world around you – in real time. Kolkata: Back home after suffering an away defeat, former champions ATK will look to regroup and pick their first points when they face Hyderabad FC in the sixth season of the Indian Super League (ISL) here on Friday.For Hyderabad FC, who were formed after Pune FC were disbanded last season for financial irregularities, this will be the first match of the season. Despite a sixth minute lead by Carl McHugh, ATK were left to rue some good opportunities as Kerala Blasters restored parity by converting a spotkick in the 30th minute and sealed the issue before half-time in the ISL opener in Kochi on Sunday.The Kolkata franchise were also ‘unlucky’ with their appeals for penalties being turned down during the match and coach Antonio Lopez Habas will look for a fresh start for his team.Former Spanish international goalkeeper Jose Molina took charge in the third season and the Kolkata franchise put up a dominant display to win their second title — a record they jointly hold with Chennaiyin FC in the five-year-old history of the league.But after the severed partnership with Atletico Madrid — who looked after the technical affairs but did not invest anything in the club, ATK’s performance nosedived, finishing ninth and sixth in the last two seasons.To revive their fortunes, the Sanjiv Goenka-owned side finally decided to get back Habas and the Spaniard will be keen to return to winning ways.Soosairaj was one of most influential players for Jamshedpur last year, netting four goals for them but the leftwinger looked tentative against Kerala with Jayesh Rane in the central midfield.”The duty to the team is like that. I think Soosairaj has a fantastic future but he needs to adapt to us tactically. Maybe one day he’ll play as a full-back and other day he’ll be a winger. He has the condition for playing in many sectors of the pitch,” Habas said of Soosairj on the eve of the match.Most of the players from the now-defunct Pune FC, who were disbanded at the end of last season following financial troubles, have been retained by the Hyderabad side.Englishman Phil Brown, who joined Pune last season in January and guided the club to a seventh-place finish, will continue to guide Hyderabad as they play their first match.Representing the historical city of Hyderabad, the franchise have brought in several key foreigners, including Nestor Gordillo, Deyvison Rogerio da Silva and Giles Barnes.The domestic recruits include Gani Nigam, Sahil Tavora and Laldanmawia Ralte while FC Goa’s Laxmikant Kattimani has replaced Vishal Kaith.The defence also looks sturdy with high-profile signings of Matthew Kilgallon and Rafa Lopez Gomes adding a bit of their experience from the European top tiers.Youngsters Deependra Negi, Ashish Rai and Tarif Akhand are also part of the main squad.Under Habas, then Atletico de Kolkata won the inaugural title in 2014 and made the last-four the following year. atkfootballHyderabad FCindian football First Published: October 24, 2019, 11:28 PM ISTlast_img read more

American Hustle

first_img gig economy Mortgage Industry Non-QM 2019-02-04 Donna Joseph in Daily Dose, Featured, News, Print Features, Servicing American Hustle February 4, 2019 1,964 Views center_img        Editor’s note: This feature originally appeared in the February issue of MReport, out now. We all remember the housing crisis. We also all remember its aftermath. Legislators, regulators, and the lending community combined forces to create new rules that mitigated the risk of another mortgage industry meltdown. Tightened regulations and increased underwriting standards from banks and other large financial institutions have helped make mortgage lending far safer than it was a decade ago. However, what we (or anyone else) could not foresee was a huge structural change to the U.S. economy as a whole. Today, the concept of the “gig economy” is commonplace. Millions of workers work now as freelancers across any number of industries. Changing technologies and personal career pursuits have changed employment dynamics throughout the country. And these types of workers are almost always shut out from obtaining a mortgage from a traditional lender.Good Clients Get Rejected Let’s take a case study featuring a 30-year-old woman named Sarah. She spent her first few years after college working as a computer coder at a typical nine-to-five office, which she quickly grew to despise. She wanted flexibility in her schedule during the day to travel and, if need be, move. Sarah decided to use her skills as a computer coder to become an independent contractor. She worked for a variety of companies and firms for contract-length projects that never lasted more than a few months at a time. She could manage other pursuits like teaching a yoga class during the day. And she also made great money. Along the way, she started to date Jake. Jake also lived this sort of lifestyle. He worked primarily as a freelance copywriter, but also put in time at his friend’s new dog-sitting business and supplemented his income by driving for a rideshare company on weekends. He, too, made a very respectable income.Sarah and Jake got married. They wanted to have more room than an apartment allowed and also understood the benefits of owning a home. So they started looking for a house in their area. But along the way, the bank they used denied them a mortgage. Sarah and Jake’s decision to avoid working in a traditional office made them happier with their careers and future prospects. They loved the autonomy and freedom that gig economy work provided. With a combined income over six figures, Sarah and Jake should be ideal candidates to obtain a mortgage. Only their bank rejected them.The Rise of the Gig EconomySarah and Jake are not alone. Some 16 percent of Americans work in the gig economy, according to a study released by Fannie Mae’s Economic & Strategic Research Group. Roughly 44 percent of gig economy workers are between the ages of 18 and 34. Half of all gig workers make $50,000 per year or more. A majority of gig economy workers believe their financial situations are on the upswing. About two-thirds have obtained at least some form of college education. An examination of that data reveals that gig economy workers are ideal candidates to seek out a mortgage. They make good incomes. They are in the prime age range to get married, start a family, and buy a first home. They are optimistic about their futures. And there are at least hundreds of thousands of people in the gig economy.However, almost all of the income from these jobs comes via 1099 forms. Further, this income may also not be steady due to the fluctuating nature of this type of work. But as we all know, those improved underwriting standards mean that banks and other lenders require people seeking a mortgage to have at least a few years of steady W-2 income that shows the ability to repay a loan. This prevents people like Sarah, Jack, and hundreds of thousands of others like them from getting approval for a mortgage. And that’s not the only reason.The Challenges of Tax TimeSarah and Jake learned years ago, through their accountant, that they have to keep every last piece of paperwork come tax season. Sarah can deduct internet and phone bills since she works at home. Jake can deduct his costs from the coworking space he uses. They also can deduct their health insurance costs and any mileage they accrue while driving for business-related purposes. For teaching yoga, Sarah can deduct everything from the apparel she wears in class to seminars she takes to further her education in the field. Jake can deduct dog treats, leashes, and other expenses accrued when dog sitting. He can also deduct having his car detailed for his ridesharing side-job, as well as buying water and snacks for his passengers.Come tax season, all of these write-offs add up and significantly decrease their net income, commensurately reducing their tax liability. But filing the many deductions hurt Sarah and Jake when applying for a mortgage. Underwriters use net, not gross, income when determining the validity of a mortgage application. Further, underwriters and others involved in the steps needed to obtain a mortgage often require proof of employment, references, and a list of past employers and landlords. Freelancers may have a lengthy job history consisting of any number of employers and past contacts, so it takes a lot of organization and paperwork to have this information handy. It’s just another factor that prevents gig economy workers from having the chance to buy a house.The Growth of Non-QM The housing market is becoming tighter. Recent data releases show slowdowns in new and pending home sales. Home prices throughout the country seem to have plateaued in many major markets. We are starting to see the effects from the combination of rising interest rates and questions about home affordability. We have already seen refinancing essentially vanish. The non-qualified mortgage (non-QM) has become the best chance for growth in the origination industry. Non-QM originations currently total roughly $20 billion per year. Many insiders project that non-QM could soon surpass $100 billion per The growth in non-QM is happening because so many quality borrowers now fall into that classification due to regulation changes in general. The growing number of people who choose to make their income through the gig economy has skyrocketed. Along with that comes the chance for the mortgage industry to capitalize.Programs for the Gig EconomyThere are innovative programs out there that grant opportunities to borrowers who do not fit into the “credit box” that has limited so many. For example, “bank statement” mortgage programs have grown in popularity over the past few years. These are wonderful for self-employed workers, as well as those in the gig economy. Typically, a mortgage applicant must provide two years of tax returns, W-2s, and payroll checks to gain approval. But “bank statement” mortgages rely on a review of 12 months of deposits into a bank account. While the need for stricter analysis when issuing loans was certainly needed after the “Great Financial Crisis,” the new regulations and policies have boxed out many qualified candidates from the mortgage market. Bank statement programs provide for a much better and more accurate look at the financial health of couples like Sarah and Jack.How the Mortgage Industry Can Get Younger Here’s another quick case study. Let’s take a small mortgage brokerage company outside of Philadelphia. There are three partners in the company, all of whom are men in their mid-50s—the average age for loan officers. However, they have just taken on a new 28-year-old employee named Ryan. Like most other brokers, they have developed a client base largely based on referrals and local networking. Ryan, understandably, does not have hisbook ready. He is growing frustrated with his career path. But these brokers have seen firsthand the recent trend in the marketplace. When interest rates were at rock bottom, they constantly fielded calls about refinancing or buying a new house. But interest rates, while still historically low, have climbed and the brokers have seen a pretty quick drop in business. The older partners in the company likely do not understand the “gig economy.” For them and their peers, most people settle into one career and only change jobs when a better opportunity presents itself. The concept of freelancers isn’t something they are familiar with. But people who work contract jobs and have “side hustles” are commonplace to Ryan. Many of his friends have happily chosen this lifestyle.He understands their thought process and as one of the rare young faces in the mortgage business, stands to capitalize on this natural connection. The mortgage industry has gotten grayer and older. It needs to get younger to survive. The gig economy can make that happen. The gig economy certainly presents its challenges for the mortgage industry. It takes patience and understanding not just to find people with this kind of lifestyle but also work with them. The opportunity is knocking though. Non-QM is the growth market for the mortgage industry right now and the number of people in the gig economy is only going to grow with time. Sarah and Jake aren’t anomalies. They are the future. And the future is now. Sharelast_img read more