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.

See the discussion page for instructions on adding schools to this list and for an alphabetically arranged listing of schools.

Due to the damage by Hurricane Katrina and subsequent flooding, a number of colleges and universities in the New Orleans metropolitan area will not be able to hold classes for the fall 2005 semester. It is estimated that 75,000 to 100,000 students have been displaced. [1]. In response, institutions across the United States and Canada are offering late registration for displaced students so that their academic progress is not unduly delayed. Some are offering free or reduced admission to displaced students. At some universities, especially state universities, this offer is limited to residents of the area.

Monday, June 16, 2008

Protesters taking part in a demonstration in London’s Parliament Square were caught in violent brawls with the Metropolitan Police as United States President George W. Bush was making his way to meet Britain’s Prime Minister Gordon Brown at Downing Street on Sunday evening.

The protest, called for by the Stop the War Coalition, the Campaign for Nuclear Disarmament and the British Muslim Initiative, was attended by 2000 people according to Scotland Yard, and had previously been banned from marching past Downing Street. As they approached the barrier police had erected to block off access to Whitehall, police officers defended the blockade wielding batons and arresting 25 protesters.

While Deputy assistant commissioner to the Metropolitan Police Service, Chris Allison, criticized the protests as “deplorable” acts that could not “be described as lawful demonstration”, a Stop the War Coalition member put the blame on the police, stating that there would have been no violence at all had the demonstration be allowed to pass by the Prime Minister’s residence.

An earlier demonstration near Windsor Castle, where President Bush met with Queen Elizabeth for afternoon tea, stayed peaceful. On Monday, Bush will join Gordon Brown in talks with Peter Robinson, the first minister of Northern Ireland, in Belfast, where further protests are announced.

Friday, December 12, 2008

By virtue of 28 search warrants, the Australian Federal Police has charged and arrested 23 men across Australia of “trading images and videos of child abuse on the internet,” being part of a global child pornography and video-sharing network involving people in 70 countries.

A Victorian QC, a NSW policeman, and a childcare worker are among the 19 arrested so far across NSW, Victoria and Queensland. As part of the international crackdown on the online child pornography ring, the AFP’s Child Protection Operations Teams seized some 500,000 images and 15,000 videos, which not only showed victims as young as 12 months old, but even filmed children being molested for more than two hours.

Retired former barrister, a Newham Victorian legal figure Neil James Williams QC, aged 74, was arrested by Australian Federal Police on October 22. Charged with one count of using a carriage service provider to view child pornography and one of possession of child pornography material, he appeared in the Bendigo’s Magistrates’ Court of Victoria and was released on granted bail, pending court hearing on March 4.

Sydney man Richard Ngon Fung Lee, aged 24, a waiter from Blakehurst, New South Wales, one of five men arrested and detained, was accused of “downloading and possessing child pornography,” and six counts of child sex. He did not file a petition for bail, as Sydney’s Central Local Court jurist Allan Moore adjourned the criminal lawsuit until next week. He will also be charged with having sex with a 13-year-old girl.

AFP Acting Deputy Commissioner Andrew Colvin said, “the videos seized as part of this operation have to be among the worst we have seen; in this case we haven’t located any children that were depicted in these videos or these images in Australia; law enforcement does have tools, so we can get in and infiltrate these type of applications; if we are not knocking on your door this morning, then it could be tomorrow.”

The year-long probe dubbed “Operation Resistance” began after information from the Brazilian Federal Police last December. The tip-off supplied from the DPF via the Interpol, had contributed to identification of more than 200 suspects in 70 countries forming the global internet sex network. The Age reported that “six other Victorians arrested are a 40-year-old Bell Park man, 27-year-old Maldon man, Rodney Peter Smith, a 56-year-old Altona man, a 66-year-old Northcote man, a 32-year-old Lovely Banks man and a 47-year-old Windsor man.” Some of those arrested will appear before the Geelong Magistrates’ Court of Victoria next year. Another 200 suspects have been identified worldwide.

Amid the legal and practical issue of identifying the victims, the children appear to be based primarily in Eastern Europe, and North and South America. All the charges filed concern peer-to-peer (or P2P) network, with each carrying a 10-year imprisonment penalty for possession of child abuse instrument. AFP acting assistant commissioner Neil Gaughan said more charges and arrests are expected this week. Only two children in NSW had been removed from contact with suspects. The AFP’s one year investigation has also resulted in over 300 people being arrested, including 131 people as part of 2008’s Operation Centurion.

The police are urging anyone with information regarding overt or suspicious acts about child pornography to report the matter to the local police, or online through http://www.virtualglobaltaskforce.com.

Monday, January 2, 2006

New Zealand’s warm sunny New Year’s weather has come to a sudden end as gale force winds and rain assault southern New Zealand.

In parts of the South Island New Year campers have finished their holiday early as winds averaging 120km/h (75 m/h), gusting at times up to 180km/h (112 m/h), have blown in.

Power went out to 1300 homes in the capital city Wellington; flights were grounded at the airport, with incoming flights diverted to Palmerston North airport.

“The North Island will also be affected by the low,” says MetService forecaster Michael Short, “with heavy rain around the Tararua Ranges and Mt Taranaki.”

The MetService has issued severe weather warnings for most of the South Island and the southern portion of the North Island; bad weather is also forecasted throughout the rest of the country.

The MetService says to expect bad weather for the next 10 days as a deepening low moves south of Stewart Island, but a flow of westerly winds is expected to stay put all week.

Holiday makers have been asked by MetService to review their holiday plans and keep up to date with the latest weather.

Thursday, April 28, 2005

{{tasks|news|re-review}}Tuesday, January 9, 2018

On Monday, Democrats in the United States Senate announced they had gained enough sponsors to perform a congressional review of the Federal Communications Commission (FCC)’s December 2017 reversal of previous rules regulating Internet service providers, commonly called Net Neutrality.

Under the Congressional Review Act, if 30 senators co-sponsor the action, United States Congress can vote on whether to overrule a decision made by a federal agency such as the FCC. Both the House of Representatives and the Senate would have vote in favor, and President Donald Trump would have to sign the review.

On Monday, Claire McCaskill of Missouri announced she was the 30th senator to agree to sponsor the floor vote. “What I’ve heard from the thousands of Missourians who’ve contacted my office is simple — consumers should have protected, free, and open access to the online content of their choosing,” she said in a statement.

The Obama-era Net Neutrality rules were revoked last month. On December 14, as protesters gathered in Washington D.C., the United States Federal Communications Commission under Chairman Ajit Pai voted 3-2 to overturn the 2015 decision, which forbade Internet service providers (ISPs) such as Verizon, Comcast, and AT&T from blocking individual websites or charging websites or customers more for faster load times.

Specifically, the 2015 decision placed the Internet under Title II of the 1934 Telecommunications Act, which established that Internet access must be regulated under the same rules as a utility. Currently, in the U.S., telephones are regulated in this way, but cable television is not. Cable providers can offer bundled services and otherwise select which channels to offer customers; they do not have to offer access to every channel the way ISPs have offered access to the whole Internet. The new rules voted on December 14 transfer the Internet from the jurisdiction of the Federal Communications Commission to the Federal Trade Commission, which means instead of being forbidden from blocking websites or offering different access speeds, ISPs will only be required to disclose having done so.

Telecom analyst Gigi Sohn, who worked with Pai’s predecessor Tom Wheeler in 2015, said, “There are going to be fast lanes and slow lanes[…] As a consumer, that means some of your favorite websites are going to load more slowly, and it also may mean some of your favorite content goes away because the provider just can’t pay the fee.”

Former Etsy CEO Chad Dickerson said, “Net neutrality allowed something like Etsy to hang out a shingle on the web and give it a try”.

Supporters of the new rule argue Net Neutrality regulations were unnecessary. Commissioner Michael O’Reilly pointed out the Internet “has functioned without net neutrality rules for far longer than it has without [sic] them.”

“Quite simply, we are restoring the light-touch framework that has governed the internet for most of its existence,” said Chairman Pai, who argued removing the rules would make the Internet freer and more open.

“[T]he internet will continue to work tomorrow just as it always has,” promised AT&T Senior Executive Vice President Bob Quinn, who said his company would not block websites or discriminate with respect to content.

Opposition was organized almost immediately and was not limited to plans for congressional review: The Attorneys General for the states of New York and Washington have both announced plans for lawsuits against the new rules.. The United States Congress also has the authority to overrule the FCC’s decision by passing legislation. One such bill, House Resolution 4585, or the “Save Net Neutrality Act of 2017,” was introduced to the U.S. House of Representatives on December 7.

According to a poll conducted the week of December 6 by the University of Maryland, more than 80% of registered U.S. voters opposed the repeal of Net Neutrality, 75% of registered Republicans, 89% of registered Democrats, and 86% of independents, those not registered to either party. Before the vote, the FCC had accepted comments on the measure from the public through its website, FCC.gov. However, there have been allegations that many of the comments offered in support of the rollback were fakes. Before the vote took place, attorneys general from seventeen states and the District of Columbia sent a letter to the FCC asking the vote be delayed until the matter could be investigated.

The FCC’s decision must be published in the U.S. Federal Register before congressional review can take place or any lawsuits filed.

[edit]

Saturday, July 9, 2005

Today The Walt Disney Company issued a joint statement with business partners Roy E. Disney and Stanley Gold to the media, as a show of reunion between the two camps after nearly three years of hostility.

Roy E. Disney, son of company co-founder Roy O. Disney and nephew of the company namesake Walt Disney, had resigned from his job as chairman of Feature Animation at the company after experiencing difficulty with the company’s board of directors, many of whom were biased towards company CEO Michael Eisner‘s view of what direction the company should take.

Eisner is due to retire from the company this September, and the talks with Disney and Gold are believed to have been led by Eisner’s successor, Bob Iger, who is currently President and COO of the company. Iger has shown great interest in building relationships back up with many companies who have refused to work with Disney until Eisner leaves, such as Pixar Animation and George Lucas.

Large scores of Disney fans had hoped Roy would read the Disneyland Dedication Speech on the theme park’s fiftieth birthday next week, which was originally read by Walt on the park’s opening day, but Roy had already entered an annual sailing race from Los Angeles to Honolulu.

Tuesday, December 30, 2008

Wikimania is an annual conference for users, developers and other people involved in the wiki projects operated by the Wikimedia Foundation. It is held yearly since 2005. The first conference was held in Frankfurt, Germany, on August 4-8, 2005. The second one was held in Boston, USA (on August 4-6, 2006), the third one was held in Taipei, Taiwan (on August 3-5, 2007), the fourth Wikimania was held in Alexandria, Egypt (on July 17-19, 2008) and Wikimania 2009 will be held in Buenos Aires.

Melbourne, Daytona Beach, Rio de Janeiro, Amsterdam, Copenhagen, Gda?sk, Montpellier and Oxford are among current unofficial Wikimania 2010 bids. Below is Wikinews‘ conversation with the Gda?sk bid promoter and initiator, Wojciech P?dzich.

Wikipedians from Tricity are involved in the process of making an offer, which will give Poland a chance of organizing a world-wide conference of Wikimedia Foundation, Wikimania 2010. Among the competing cities are Washington, D.C., Rio de Janeiro, and Oxford. This year the conference was held in Alexandria, Egypt, where the famous Library of Alexandria is located. Does Gda?sk stand a chance among such known cities?

• Wojciech P?dzich: Because of Wikimania continental rotation, Australian and European bids have the biggest chances in 2010. Australian, because they have not hosted Wikimania yet, and Europe, because the first Wikimania was held in Frankfurt back in 2005. Do we have a chance among other European cities’ proposals? Poland is still an interesting, unknown, and a cheap-to-visit country with a comprehensive list of countries from which their members can visit Poland without requirement of having a visa. We propose the conference to be held inside two adjacent buildings – Polish Baltic Philharmonic and the Polish Maritime Museum buildings, located just few steps from Long Market at the city’s centre. Yes, I do think that our offer will be attractive and will give us a real chance of organizing the Wikimania 2010 in grad upon Mot?awa.

((WN)) The tagline of your proposal is Gda?sk – the city of freedom. Could you tell us, why do you promote yourself with this line?

• Gda?sk is associated by many with freedom, with its political impact. On the other hand, we have the Wikimedia Foundation and its values of sharing knowledge created freely by volunteers. A conjunction of a cosmopolitan city with strong revolutionary and liberal inclinations and a world-wide free culture is in this case, kind of, natural.

((WN)) How many are involved into creating a proposal? Poland is relatively small country. Are you sure you will be able to guarantee the efficiency of conference, if your proposal wins?

• Poland is not exactly small – of course we cannot be compared to the USA, India, or China, but we are not a small country either. Let’s remember that according to the old way of presenting the Wikipedia language editions’ ranking, we were the fourth edition. Even after committing a change to this ranking system, we are still in the first ten. Therefore, we can say we have a great community potential here. Moreover, other Polish Wikimedia projects also place themselves within first tens of respective projects.

Speaking about people involved – so far we have only few, and sometimes I lament about that. Every next person is a possibility of sending few mails, talking with other people, additional pair of eyes looking at the offer, some ideas, contacts, knowledge. That’s why Patrol110 has spammed Pomeranian Wikipedians, so they could get involved, and so am I giving a weight to this: we need more people. Especially if our offer will win, but then I believe in another famous Polish “national spurt”.

((WN)) Were there, in Gda?sk, already some world-wide conferences? Did the city manage to organize them?

• On December 5 and 6, 2008, the 25th anniversary of awarding president Lech Wa??sa with Nobel Peace Prize was held. Furthermore, it was held inter alia inside the Polish Baltic Philharmonic, which we propose as a place of the Wikimania 2010 conference. It was an event with over one thousand attendants from all over the world, and the city, in my humble opinion, did manage to organize this very well. The mayor of the city, Pawe? Adamowicz, has confirmed it, by saying After successful celebrations of 25th anniversary of awarding Lech Wa??sa with the Nobel Peace Prize we see that we can organize big events. […] O?owianka does its job as a big congressional place perfectly. […] Gda?sk will, once again, get a world-wide coverage in Dziennik Ba?tycki interview. I do have a hope that we will get a world-wide coverage thanks to the Wikimania.

The City organizes a lot of cultural and trade events. There are Gda?sk International Fair, St. Dominik Fair, Shakespeare Festival, Good Humor Festival. We should also not forget other parts of the Tricity: Sopot and Gdynia which are also rich in cultural events.

((WN)) Lately Poland tried to get a bid for the European Institute of Innovation and Technology and Euro 2012. Both actions have brought a large government support. How is it this time?

• We’ve contacted the city’s authorities. After a meeting with representatives of the Mayor’s Promotion and Chancellery Department we have got assurance about supporting our actions, what was confirmed by Mayor’s letter sent to us. The representatives assure us about their support all the time. They even have made an initial reservation of both buildings for July 9-11, 2010. They also offer an organizational support, which will be extremely important in case or city is chosen.

((WN)) Poland is a part of the European Union. What about Wikimedians, who are inhabitants of countries requiring a visa?

• As I stated before, the list of countries, which citizens are not required to have a visa when entering Poland for 90 days is pretty long^[1], and it does not restrict to Schengen Agreement participants. Long list of Polish missions abroad^[2] and freely available Visa application form ^[3] should allow easy access to Poland for other countries citizens.

((WN)) Information about Gda?sk application to host Wikimania started to appear in local media. What is local community reaction to this idea?

• One can see it in the comments to the articles. Those that do not like Gda?sk in general are slightly against but most is for the idea. There are also people and organisations declaring help – I’ve got already some mails from potential supporters.

((WN)) As you said before some people are objecting, probably not knowing possible benefits. How will Gda?sk and it’s inhabitants benefit?

• In addition of prestige, as we are talking about international event run by the organisation managing a flagship of Free Culture movement, world’s focus, city presence in world’s media, the conference will cause a money influx, new guests who can decide whether to come back to the city or suggest visiting it to their friends. We try not to make any troubles to city inhabitants, hoping that a conference held in one place will not paralyse the whole city.

((WN)) Many possible visitors are not able to cover the cost of travel to Wikimania. What about organizers sponsorship?

• It will depend on talks with companies willing to be sponsors. But I do not imagine leaving such requests unanswered.

((WN)) Wikimania is not only lectures, but also a possibility for long night talks with participants from other countries. How does Gda?sk’s night-life looks like?

• There are plenty of places where you can meet and talk with each other. You can see it in a draft offer where one can see hundreds of places where you can talk while eating and drinking. Proximity of Old Town invites for a walk through streets with a wonderful and unmatched atmosphere, you can only feel by yourself.

((WN)) English is the language of Wikimania. Will the attendants be able to communicate with employees of restaurants, clubs, shops, etc.?

• Personally, I encountered the shop assistant, who couldn’t sell the product to foreign people only once; also just once I saw a rough translation of “polska kuchnia” as “Polish kitchen” instead of “Polish cuisine”. The Poles are able to communicate in English, I saw their communicativeness by teaching adults English for seven years. Most of menus and other informations in Old City’s venues are translated into English and German, and the waiters know English at a level, which allows the customers to get a trouble-free service.

File:Wpedzich z synkiem.jpg

Wojciech P?dzich (b. 1979) – comes from Szczytno, graduate of English linguistics in 2001, inhabitant of Gda?sk since 2001. Except of husband and father’s roles, an employee of the Purchase Department in a power hydraulics company. Involved in Wikimedia projects since December 2006, in the beginning as a translator of articles and guidelines for Polish Wikipedia, then the administrator of the project, a member of the first Arbitration Committee Board in Polish Wikipedia. Wikimedia projects’ steward since December 2007, member of the Wikimedia Polska Association. One of the initiators of Gda?sk Wikimania 2010 bid proposal.