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Houston: Students, community demand fair pay for construction workers

first_imgStudent-worker rally at University of Houston, Jan. 23HoustonUniversity of Houston students, professors and community activists joined the Workers Defense Project and construction workers at a rally on Jan.23 to protest  conditions faced by these workers at the University of Houston’s Quad Housing project. They have not received prevailing wages or overtime pay as required by state law. After months of dealing with the general contractor and subcontractors, the workers are taking their issue of unpaid wages to the university administration.Speaking at the rally during their lunch break, some construction workers appealed to students to support their efforts to pressure the administration to deal with thieving contractors. At the rally, student activist Natasha Ulow, representing the Young Socialists of America, affirmed student support for the workers: “We stand with the workers of the Quads who have suffered wage theft. We unequivocally condemn the university administration, up to and including UH President Renu Khator, for condoning the conduct of those who have committed wage theft.” Ulow asserted, “We intend to continue standing and fighting alongside the workers for as long as it takes to bring about justice. It is an affront that workers are under a threat of retaliation if they speak about the conditions of their employment, that students will be living in dorms built by workers who have suffered wage theft. We urge the administration to respond, not only to pay them in full their stolen wages but to sincerely apologize to the workers and their families.”Other speakers included representatives of the AFL-CIO and the Workers Defense Project.  After the rally the crowd of over 50 people marched through campus to UH President Khator’s office to deliver their message.Rubac was a union carpenter in New York and Houston for nearly 10 years. FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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Despite projected results, key days still ahead in post-election process

first_imgNoah Parker TCU places second in the National Student Advertising Competition, the highest in school history Noah Parkerhttps://www.tcu360.com/author/noah-parker/ RELATED ARTICLESMORE FROM AUTHOR World Oceans Day shines spotlight on marine plastic pollution TCU News Now 2/10/2021 printThe process of electing the next president did not end when President-elect Joe Biden won 270 electoral votes. What comes next is a string of key dates in the bureaucratic process that follows every presidential election.Dec. 8 is the deadline for states to resolve election disputes such as recounts and post-election audits. Georgia’s Secretary of State said in a press conference earlier this week that there will be a recount by hand in the state, and officials in Arizona said Thursday their state election audit found no evidence of voter fraud. President Trump’s campaign has also filed lawsuits in several states he is trailing in, including Pennsylvania and Nevada, which would have to be resolved by this deadline.On Dec. 14, electors from individual states will cast their ballots on behalf of the state’s population. These ballots must be delivered to the proper officials by Dec. 23.Congress will then hold a joint session of the Senate and the House of Representatives to officially count the votes and elect the president. According to the AP, these processes are not expected to change the outcome of the presidential election.All these processes traditionally culminate on Inauguration Day, which is scheduled for Jan. 20, when the president-elect will be sworn in as president of the U.S.President-elect Joe Biden, meanwhile, has been holding daily transition press conferences, and assembled his “COVID-19 Advisory Council.” Biden stressed in his conferences the importance of following the science and working with officials at each level of government and health.The AP projected on Saturday that Biden has gained the necessary 270 electoral votes to win the election.Read more: Biden defeats Trump, becomes president-elect + posts Welcome TCU Class of 2025 TCU News Now 4/1/2021 Noah Parkerhttps://www.tcu360.com/author/noah-parker/ Noah Parkerhttps://www.tcu360.com/author/noah-parker/ PolitiFrog2020 ElectionsNewsDespite projected results, key days still ahead in post-election processBy Noah Parker – November 13, 2020 1532 ReddIt Previous articleCOVID-19 cases increase as semester comes to an endNext articleHoroscope: November 14, 2020 Noah Parker Big 12 football kicks off season Linkedin Linkedin ReddIt Noah Parkerhttps://www.tcu360.com/author/noah-parker/ Facebook TCU News Now 3/17/2021 Twitter Facebook Twitterlast_img read more

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The Long-Term Impact of the Uniform Mortgage-Backed Security

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fannie Mae Freddie Mac mortgage UMBS 2019-08-05 Seth Welborn The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News About Author: Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Share Save The Long-Term Impact of the Uniform Mortgage-Backed Security Demand Propels Home Prices Upward 2 days ago Earlier this year, Fannie Mae and Freddie Mac along with the Federal Housing Finance Agency (FHFA) issued the first uniform mortgage-backed security (UMBS), a new security backed by mortgages guaranteed by either Fannie Mae or Freddie Mac. In a post by the Urban Institute’s Karan Kaul and Laurie Goodman, Urban explores how the UMBS will benefit the housing finance system.According to Urban, the single uniform security saves taxpayers money. The Urban Institute notes that MBS investors strongly preferred Fannie’s security, making it more liquid and more valuable than Freddie’s security. When selling securities into the market, lenders received a better price for Fannie’s securities, even when the loans underlying both securities had identical attributes.Additionally, the UMBS reduces inefficiencies, with the securities of either GSE now able to be delivered into a single security, doing away with the compensation for the difference to lenders in sales.The Urban Institute also notes that the UMBS “paves the way” for future housing finance reform, as not only a step forward for a single guarantor, but for multiple guarantors as well.The UMBS requires not only consistency across securitization practices but also substantial alignment with the credit underwriting, servicing, and loss mitigation policies that collectively determine how loans perform and prepay.“By reducing the significant competitive advantage that Fannie enjoyed over Freddie, it also helps open the way to additional competitors over time,” said Kaul and Goodman. “It is still difficult to imagine how a new entrant would overcome the legacy players’ enormous liquidity advantage, but moving to a single security helps ease that barrier.”“In sum, the UMBS requires substantial alignment among business policies and systems regardless of the number of guarantors.”The Urban Institute calls the creation of the UMBS an important step forward in the current system. It not only removes an expensive inefficiency in the current system, but it also lays the groundwork for deeper structural reforms in the years to come.center_img Related Articles Tagged with: Fannie Mae Freddie Mac mortgage UMBS August 5, 2019 1,682 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / The Long-Term Impact of the Uniform Mortgage-Backed Security Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Previous: Fannie Mae: Increased Education Needed for Borrowers Next: The Booming Built-For-Rent Industry Subscribelast_img read more

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