Leadership Changes Announced at Ginnie Mae

first_imgHome / Daily Dose / Leadership Changes Announced at Ginnie Mae in Daily Dose, Featured, Government, Headlines, News Leadership Changes Announced at Ginnie Mae 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. Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Ginnie Mae 2019-05-16 Mike Albanese The Best Markets For Residential Property Investors 2 days ago Tagged with: Ginnie Mae Demand Propels Home Prices Upward 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 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Savecenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Appraisals in the Wake of Disaster Next: Revisiting California’s Camp Wildfire: The Long-Term Housing Impact  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 Servicers Navigate the Post-Pandemic World 2 days ago May 16, 2019 930 Views Adetokunbo LofinmakinGinnie Mae announced Adetokunbo Lofinmakin was appointed to the Senior Executive Service and named CFO and Thomas Young was named the new Director of Counterparty Risk Management. Lofinmakin was serving as the acting CFO since January 2018. She will continue to report to Acting President Maren Kasper and Young will report Greg Keith, SVP and Chief Risk Officer. “Both [Lofinmakin] and Greg bring deep expertise to Ginnie Mae in their respective fields,” Kasper said. “Each will serve in a role that is critical to maintaining the sound financial foundation of our mortgage-backed securities (MBS) program. As we continue to evolve to meet the challenges of today’s operating environment, we look forward to their leadership contributions to the agency.” Thomas YoungAs CFO, Lofinmakin oversees the preparation of financial reports in accordance with the standards of the Federal Accounting Standards Advisory Board (FASAB), Financial Accounting Standards Board (FASB), Generally Accepted Accounting Principles (GAAP), and Office of Management and Budget (OMB) Circulars. In addition, she manages all accounting operations for Ginnie Mae’s $2.0 trillion MBS portfolio, including applying financial management policies and procedures, preparation of the annual budget, accounting systems oversight, cash management, investment services, audit readiness, and enhancing internal controls over financial reporting.Lofinmakin joined Ginnie Mae in 2015 as Controller and was responsible for directing operational accounting transactions for the various aspects of Ginnie Mae in compliance with accounting policies and best practices. Young is responsible for the initiation of counterparty policy changes, approval of counterparties that enter into business relationships with Ginnie Mae, collaborative monitoring of counterparties, formulation of mitigants to counterparty risk presented, and for the development or enhancement of analytical or process tools to improve the effectiveness of counterparty risk management activities. With 24 years of experience with the Goldman Sachs Group, including as the Chief Risk Officer of the Goldman Sachs Bank USA, Young brings a wealth of risk management experience to his new role. Young has served in a variety of risk management positions throughout his career with Goldman Sachs, including Global Head of Credit in Goldman Sachs Group’s Investment Management Division, Head of Credit Risk Management in Asia, and Head of Global Hedge Fund Counterparty Risk. Mr. Young was made a Managing Director of Goldman Sachs in 2005. Related Articles About Author: Mike Albanese Subscribelast_img read more

Pele asked to light Rio pyre, checks with sponsors

first_img(REUTERS) – Pele has been invited to light the Olympic pyre for the Rio Games tomorrow but the Brazilian soccer great is checking with his sponsors to see if he is free to lead the torch ceremony in the Maracana stadium.“I have a contract that I am bound to fulfil,” Pele told Globo TV late on Tuesday, adding that he was consulting the U.S. company that holds the rights to his brand name whether he can take up the invitation from the Olympic organising committee.“As a Brazilian, I’d love to do it,” said the 75-year-old, who helped his country win the World Cup three times and would be launching the Games in the stadium where he scored his 1 000th goal in 1969.Pele later told reporters that International Olympic Committee president Thomas Bach and the head of the Brazilian committee Carlos Arthur Nuzman had personally asked him to light the pyre and that he would have an answer today.He said he would have to cancel a trip organised by his sponsors.Pele, regarded as the greatest player of all-time, played in four World Cups and is the only player to have won it three times: in 1958 in Sweden, when he was just 17, in 1962 in Chile and in 1970 in Mexico.last_img read more

Sri Lanka warned after media no-show

first_imgMANCHESTER, England (Reuters) – Sri Lanka have been warned against a repeat of their no-show in the customary post-match news conference following their World Cup loss to Australia, Sri Lanka Cricket (SLC) said on Monday.The 1996 champions did not send a representative after their defeat on Saturday in a breach of protocol, an official of the governing International Cricket Council told Reuters.The governing body lodged a complaint with SLC, which has instructed the team to comply with their media obligations.“Sri Lanka Cricket wishes to announce that, contrary to various media reports, there won’t be any sanctions imposed on the Sri Lanka team by the ICC…” SLC said in a statement.“Sri Lanka Cricket discussed Saturday’s incident with the ICC and assured that a similar situation will not occur going forward in the tournament.“The SLC also advised the team management to comply with the obligations…” it added.Sri Lanka, who have won one of their five matches and are fifth in the standings, last week complained to organisers about having to play on bowler-friendly pitches and were also unhappy with the quality of their accommodation.Sri Lanka’s next match is against hosts England at Headingley on Friday.last_img read more

Agbakoba-Onyejanya Lights-up Sangotedo with Tiger Active Sports Centre

first_imgBverley Agbakoba-Onyejanya may be a lawyer by training and already a senior associate in Olisa Agbakoba Legal (OAL), but that has in no way reduced her penchant for sports, little wonder she decided to open a sports centre at Sangotedo, Ajah, in Lagos.Tiger Active Sports Centre, which is a sports and recreational centre which contains, an astroturf, basketball, volleyball, tennis court and is also an event/viewing centre is meant to take care of the sporting needs of Sangotedo community. “There was a need to bring up a sports community centre to Sangotedo. It is an area that has a massive influx of inhabitants, with a lot of people migrating from different parts of Lagos to Sangotedo in their droves.“We are more concerned about having banks, schools, churches and mosques in a community but we always seem to neglect the need to have a good sporting and leisure facility. It’s always the last thing that people think about when developing new areas and me being in the sporting industry for almost seven years I felt that there was a gap in this market and I was very excited to come in and fill that gap in this area,” Agbakoba-Onyejanya noted.Tiger Active Sports Centre was officially opened last Saturday by the Chairman, Eti- osa Local Government, Mr. Rafiu Olufunmi Olatunji, who was represented by his chief of staff, Mr. Kunle Ajayi.Agbakoba-Onyejanya said the local government chairman had been on board with the project from the beginning and embraced it, saying the centre had attracted the huge presence of  people .On how the locals are expected to benefit from the project, she said, “It’s a place where families can come and enjoy sport . Even if you are not into sport you can come and relax, sit inside the functions room and watch matches. The place has something for everyone.”She indeed stressed  the need to have more centres within the area.“There is the need for more leisure centres like this for people to escape from the stresses, hustle and bustle of life. We don’t have enough outlets for people to relax we hope that this community would make this their number one premier destination for all things sports and leisure,” she expressed.Agbakoba-Onyejanya has mostly been involved in football, she owns an academy called Litle Tigers Football Club, which has been on since 2012.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Don’t talk about Michael ‘Venom’ Page’s antics without addressing his skills

first_imgThe same narrative seems to accompany all of Michael “Venom” Page’s bouts during fight week — that said opponent will be a real test for him due to perhaps owning superior MMA skills over the undefeated phenom.Yet, the same results follow each time, as MVP goes out and passes those tests in spectacular fashion, injecting windows of dancing and other entertaining antics to supplement his chilling skills. MORE: Join DAZN and watch more than 100 fight nights a yearEven if MVP pulls off a convincing win against Daley and runs the table over the remainder of the Bellator welterweight World Grand Prix, he isn’t sure if that will finally silence detractors from saying his style overshadows his skills. But whether they come around or not, MVP is going to keep doing things his way.“I just have to be true to myself,” he says. “My style is me and it will always be me.” Substance over style is frequently evoked when people pick MVP’s opponents to beat him, as they put more stock in Page’s antics and dancing than his skills. As shortsighted and foolish as such criticism is, it’s an enough of a trigger point for Page to spew some “Venom.”“As annoying as it is for me to even say this and believe this, I genuinely feel that people are going to appreciate my skill when I’m no longer in the sport,” Page tells Sporting News, while leaning back in his chair at DAZN’s Lower Manhattan office on Tuesday. “They’re gonna be like, ‘Wow, he was off the chain’ when I’m no longer there to criticize. I genuinely feel it’s purely because they just don’t want to believe in the style because it’s so different, it’s so unusual. It’s like, ‘you’re supposed to do it this way’ and ‘what he’s doing doesn’t make sense.’”It might not make sense to some MMA purists, but MVP’s unorthodox style is wildly effective, as he’s able to regularly buy enough cage real estate to shimmy and shake, lulling opponents into a trance, before cleanly striking with everything from calculated fists to elbows and flying knees. Page wants his naysayers to understand that there’s a timed method to his madness when it comes to pulling off his hijinks, which he freestyles purely based on feeling.“The decoration that I add on is the dance moves and that’s a feeling when I know that I’m safe, when I feel like I got that person’s timing. But until that point, I’m very traditional in terms of my sport. I’m very basic,” Page says. “You don’t see anything come out as soon as the bell goes. I’m not doing the Running Man right away. When you start seeing all that stuff, please understand that I’ve won that fight already because I’m comfortable enough to then start doing that.”He adds: “It just means I’m good at my job because I’m able to create these pockets where I’m allowed to have these antics.”Page’s unpredictable style often leaves foes stuck on a forked road, with two different types of poison to choose from.“I’m able to frustrate people into standing still and while you’re standing still, I could do whatever the hell I want because you’re not attacking,” he says. “Or I’m able to frustrate people so much that they end up rushing into things and I end up pulling off these spectacular knees.”Entering this grudge match, Daley vows not to fall victim to Page’s wizardry, even saying that if MVP feels like dancing that he’ll sit back and let him dance, remaining patient and unbothered. Daley has also evoked the substance-over-style argument as a bullet point for why he’ll pummel MVP, even coming up with the analogy that Page is former boxer “Prince” Naseem Hamed in this fight and he’s Marco Antonio Barrera. The hardened warrior Barrera notoriously beat down on the flashier Hamed, handing the showman the first loss of his career back in an April 2001 unanimous decision.Page, unsurprisingly, doesn’t see that at all, laughing off Daley’s comparison as a method to psych himself up. However, the 31-year-old, who has fought in two professional boxing bouts, does liken himself to a different Sweet Science legend — none other than Floyd Mayweather Jr.On one hand, Page sees common ground with Mayweather in the way people try to undermine his greatness. In MVP’s case, it’s that his flashy fighting style won’t stand the test of time, even though he remains undefeated. A knock on Mayweather was always that he’d fight opponents when they were past his prime. Yet, he beat them all.“There’s always an excuse,” Page says.The other commonality is in the arena of combat itself, where Mayweather in the ring and Page in the confines of the cage are able to seemingly broker and buy space to create offense at will. Sharing those doctorates in space management is combat mastery that MVP doesn’t think people truly grasp. When Sporting News asked Page what impressed him about the retired, undefeated boxing legend the most, MVP showed he’s a student of the fight game by conjuring up a distinct memory of Mayweather back when he was still “Pretty Boy” Floyd.It was January 2005 and Mayweather was in the middle of fighting Henry Bruseles when he managed to overhear HBO commentator Jim Lampley ask his colleague, Roy Jones Jr., if he’s going with the New England Patriots or Pittsburgh Steelers in the AFC title game. For a second, Mayweather took his eyes off Bruseles, barked down at the announcers’ table “the Patriots,” before casually peppering his opponent with a stiff left jab.The moment still resonates with MVP to this day.“It’s being present in the fight, but also able to take in what’s going on around you,” he says about Mayweather’s ability and his own penchant for being able to pull off the same in the cage. “Just the fact that he heard the question says a lot about how skilled he actually is — to be able to be present enough to still be competent and safe in that fight, but I could pick up what you’re saying on the outside.”All promotion long, Daley has referred to Page as an “illusion” that he’ll dispel on Feb. 16 at the Mohegan Sun Arena in Uncasville, Connecticut, live and exclusively on DAZN. And MVP is in full agreement.“He’s absolutely correct … I am an illusion,” Page says. “When I’m in the cage, he’s going to see because every time he throws a punch and I’m not there, he’s definitely going to feel an illusion. Power only works when it lands. He’s going to be punching smoke for essentially 25 minutes.”center_img Page heard it entering his July 2016 bout against Evangelista Santos and responded with a flying knee that fractured the Brazilian’s skull. Santos retired; Page improved to 11-0.MORE: Join DAZN and watch Daley vs. Page at Bellator 216He heard much of the same chatter just over four months later against Fernando Gonzalez and wound up earning a split-decision win. Make it 12-0.The tired storyline hit a fever pitch at Bellator 200 last May in London, when MVP was pitted against MMA veteran David Rickels, who pretended to snatch Page’s heart out of his chest during their staredown on the promotion’s media day. MVP didn’t care for the cute gesture too much, clowning Rickels in the cage by doing the Harlem Shake, before obliterating his left eye with a perfectly timed overhand right. His face turned into a red faucet of blood, Rickels verbally submitted in the second round.The only thing missing from Page’s theatrics that fight was a Hadouken fireball straight out of Street Fighter, but you get the idea that if MVP could’ve gotten away with attempting to throw a faux one, he would’ve. Still, he thoroughly relegated Rickels to his nickname “The Caveman” for real — inadequate of surviving extreme conditions. Resume to 13-0.And now here we are, just a few days away from Bellator 216 on Saturday night, when Page faces rival Paul Daley, with critics once again declaring this as MVP’s greatest test yet and many of them expecting Daley to hand his fellow Brit his first loss. Leading up to the fight, MMA stars like Israel Adesanya and A.J. McKee have predicted Daley to leave the cage victorious.last_img read more