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UG student questioned in relation to threats made against institution


first_imgUG bomb threatsA female University of Guyana student was on Friday questioned and released in relation to the bomb threats made against the tertiary institution which surfaced primarily on social media.Based on information received the young woman was subsequently released following the intervention of her attorney Latchmi Rahamat.The University had postponed all classes until February 11, after a second bomb threat was directed at the learning institution on Thursday morning, thus resulting in the administration’s call to protect the lives of students and implement responsive measures.This is the second consecutive day in which threats were issued, resulting in a visit from both the Guyana Fire Service and the Guyana Police Force to conduct a thorough search of the premises.The University on Thursday said that time is needed for response mechanisms to be put in place in the case of any emergency and as such all classes were suspended. On February 11, all activities are scheduled to resume as per normal, the institution in a statement said, adding that it will also enable the institution to assess situations which occurred over the recent days.After Police ranks completed their search, it was noted that there has been “no significant threats” and further, that mischevous persons are behind these acts to disrupt the campus’s atmosphere.A meeting was convened on Wednesday evening with Vice Chancellor Ivelaw Griffith and other senior officials where “the situation was assessed and they were advised that the situation arose from mischievous students, either by themselves or other persons.”This first bomb threat emerged earlier on Wednesday which indicated that other persons will be planting explosives at various institutions. The posts were prevalent on Facebook as seen in the name of an unknown individual going by the name of “Ki Ra” on Wednesday saying, “This is not the end.”Apart from these threats, other schools within Georgetown received threats as well, raising concerns among parents about the level of security.The first, aimed at School of Nations, escalated when the Director Brian O’Toole was shot. He is said to be recovering well. Circumstances at the Bishops’ High School and Queen’s College resumed to normalcy.last_img read more


FHFA HARP Volume for 2012 to Total 1M


first_img in Data, Government, Origination, Secondary Market, Servicing Share FHFA: HARP Volume for 2012 to Total 1M Fannie Mae First-Lien Mortgages Fixed-Rate Mortgage Freddie Mac HARP Home Equity Investors Lenders & Servicers Loan-to-Value Ratio Mortgage Debt Mortgage Rates Prepayments Refinance Service Providers 2012-10-17 Carrie Baycenter_img October 17, 2012 461 Views Nearly 99,000 homeowners refinanced their mortgages in August through the Home Affordable Refinance Program (HARP), according to a report released by the “”Federal Housing Finance Agency””:http://www.fhfa.gov (FHFA) this week.[IMAGE]The federal government’s HARP initiative, which is applicable for borrowers with loans owned by “”Fannie Mae””:http://www.fanniemae.com or “”Freddie Mac””:http://www.freddiemac.com, has put 618,217 homeowners into new mortgages with lower interest rates since the beginning of this year, when a broader group of borrowers were made eligible for the program.According to FHFA, HARP is on target to reach a million borrowers in 2012. The agency attributes the continued[COLUMN_BREAK]high volume of HARP refinances to record-low mortgage rates and program enhancements that included the elimination of its maximum loan-to-value (LTV) ratio limit.Fannie Mae and Freddie Mac loans refinanced through HARP accounted for nearly one-quarter of all refinances in August, 24 percent to be exact. In states hard-hit by the housing downturn├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô-Nevada, Arizona, and Florida├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô-HARP refinances represented nearly half or more of total refis during the month.HARP refinances for borrowers with LTV ratios greater than 105 percent accounted for more than 70 percent of HARP volume in Nevada, Arizona, and Florida and more than 60 percent of the HARP refinances in Idaho and California. Nationwide, LTV ratios above 105 percent characterized more than half of new HARP loans made in August.FHFA also noted in its report that nearly 18 percent of HARP refinances for underwater borrowers were for shorter-term 15- and 20-year mortgages in August. By reducing their mortgage terms, these borrowers will be able to build equity faster.Since the program’s inception in 2009, FHFA reports, Fannie Mae and Freddie Mac have financed more than 1.6 million loans through HARP.last_img read more