CLUB22 USAF E-4B Nightwatch departed Wright-Patterson AFB west-likely heading to Lincoln Muni, NE
Arrived from Dyess yesterday
99-6143 USAF C-32B departed Hagerstown Regional and on final at NAS Oceana
Biden administration unveils new measures to stave off foreclosures
Pandemic relief programs for homeowners are set to expire in coming weeks, months
The Biden administration on Friday unveiled plans to expand aid for homeowners with government-backed mortgages, an effort to stave off a wave of foreclosures for Americans who fell behind on payments during the coronavirus pandemic. The White House announced the new assistance as other pandemic relief programs for homeowners are set to expire: A federal ban on foreclosures will lapse on July 31, while a similar program that granted a reprieve to individuals with mortgages backed by Fannie Mae and Freddie Mac ends on Sept. 30. The latest steps are intended to allow homeowners who lost their income as a result of the pandemic to extend their monthly government-backed mortgage with lower payments, according to a White House fact sheet.
The three government agencies that back mortgages – the Departments of Housing and Urban Development, Veterans Affairs and Agriculture – will provide homeowners with a roughly 25% reduction in monthly principal and interest payments. The move is designed to bring the options available to homeowners with government-backed mortgages in line with what's offered to homeowners with mortgages backed by Fannie and Freddie. In June, the White House extended the foreclosure moratorium for one final month until July 31 and the forbearance window until Sept. 30. An estimated 7.2 million American households took advantage of the forbearance option over the past 16 months, the administration said.
Lawmakers have cautioned that forbearance is not forgiveness: At some point, homeowners will owe the payments they chose to temporarily suspend. At the end of the forbearance plan, homeowners will be provided with several options to compensate for the missed payments -- but will not be required to pay everything back all at once in what’s known as a "balloon payment," according to Fannie Mae. Frequently, mortgage lenders will tack on the balance that homeowners did not pay during the forbearance period onto the end of the loan.
https://www.foxbusiness.com/economy/biden-administration-foreclosure-relief-july
Money always goes to them no matter the conditions cause they know nothing else so keep building.
The hedgies been buying them up too but not competing directly with single-family buyers ftmp.
Just buying up the companies that hold them
Mexican Navy ANX1203 Bombardier Challenger 600 on approach at San Francisco Int'l Airport from Mexico City Int'l
Huawei hiring former Democratic super lobbyist Tony Podesta
Huawei is hiring Democratic lobbyist Tony Podesta as a consultant, according to two people familiar with the matter. Podesta will aim to help the controversial Chinese telecom giant warm relations with the Biden administration.
Podesta will work to advance a variety of the company’s goals in Washington, according to one of the people. He declined to comment. A spokesperson for Huawei also declined to comment. Huawei faces a host of challenges in Washington. In February 2020, the Justice Department charged the company with violating the Racketeer Influenced and Corrupt Organizations Act, or RICO — a key DOJ tool for going after organized crime. DOJ alleged that Huawei helped Iran’s authoritarian government build out its domestic surveillance capabilities and tried to secretly do business in North Korea. The Justice Department has also brought charges against the company’s chief financial officer, Meng Wanzhou. She was arrested in Canada, where she is fighting extradition to the U.S. Huawei and Meng maintain their innocence. Huawei has said the accusations are an effort to “irrevocably damage” its reputation and business, as CNBC has reported.
Huawei is not Podesta’s first major China client. Disclosure forms show that his former company also represented the China-United States Exchange Foundation (CUSEF), which funds a host of activities in the U.S. The University of Texas at Austin in 2018 rejected a funding offer from the foundation because of concerns about its links to the Chinese Communist Party, as Inside Higher Ed has reported.
Podesta — a colorful K St. personality known for his loud ties and elaborate art and wine collection — previously helmed the Podesta Group, his eponymous lobbying shop. But in 2017, special counsel Robert Mueller scrutinized the firm for its work with Donald Trump’s 2016 campaign chief Paul Manafort. Manafort’s team enlisted Podesta Group in its efforts to sanitize the reputation of Ukraine’s Russia-friendly president Viktor Yanukovych.
Podesta was not charged with wrongdoing, but shut down his firm and stepped back from lobbying after Manafort’s indictment. He spent several years in the political wilderness, focused on selling art-I bet. In early July, he caught the attention of Washington with a splashy New York Times story revealing he wanted to re-enter the fray.
Podesta is expected to soon pick up more clients. He has known President Joe Biden for decades and is friendly with a number of his advisers. Podesta also lives down the street from former President Barack Obama in the glitzy D.C. neighborhood of Kalorama. His brother John was a counselor for Obama as well as chief of staff to President Bill Clinton.
In addition to Podesta, Huawei recently hired several other representatives: the consulting firm of Lee Terry, a former Republican congressman from Nebraska; lawyer Stephen Binhak; Glenn LeMunyon, who was an aide to former House GOP Whip Tom DeLay; and the consulting firm J.S. Held. The company also retains white-shoe law firm Steptoe and Johnson, paying them $60,000 in the second quarter, according to a disclosure. And the firm has connections to power brokers throughout the nation’s capital. Christopher Fonzone, the general counsel for the Office of the Director of National Intelligence, advised the company when he was a lawyer at the firm Sidley Austin. Fonzone told senators he did fewer than 10 hours of work for Huawei. The connection created challenges for his Senate confirmation, but he was still confirmed.
https://www.politico.com/news/2021/07/23/huawei-hires-tony-podesta-500649
Federal Reserve Bank of New York Reverse Repo Operations-week of July 18: $4.37T
Monday July 19 $860.46B with 71 counterparties
Tuesday July 20 $848.10B with 75 counterparties
Wednesday July 21 $886.20B with 71 counterparties
Thursday July 22 $898.19B with 73 counterparties
Friday July 23 $877.25B with 76 counterparties
This weeks amount of $4.37T added to last weeks rolling total of $29.63T gets us a total of$34Tof 'cash' parked at the FRBNY since April 8th, 2021
https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
>>47697 pb Federal Reserve Bank of New York Reverse Repo(s) April 8-23: $625.35B
>>49822 pb Federal Reserve Bank of New York Reverse Repo Operations April 26-30: $766.523B
>>51731 pb Federal Reserve Bank of New York Reverse Repo Operations week of May 2nd, 2021-$757.09b
>>53526 pb Federal Reserve Bank of New York Reverse Repo Operations Week of May 9th-$1.042T
>>55522 pb Federal Reserve Bank of New York Reverse Repo Operations Week of May 16th-$1.46T
>>57726 pb Federal Reserve Bank of NY Reverse Repo Operations-week of May 23rd, 2020
>>59773 pb Federal Reserve Bank of New York Reverse Repo Operations-Week of May 30th,2021-$1.84T
>>62285 pb Federal Reserve Bank of New York Reverse Repo. Operations-week of June 6-$2.569T
>>66154 pb Federal Reserve Bank of New York Reverse Repo. Ops-Week of June 20th: $3.954T
>>68563 pb Federal Reserve Bank of New York Reverse Repo Operations-week of June 27: $4.110T
>>70753 pb Federal Reserve Bank of New York Reverse Repo. Ops-Week of July 4th: $3.132T
>>73020 pb Federal Reserve Bank of New York Reverse Repo. Operations-week of July 11th,2021: $4.028T
good here