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Bipartisan group of Senators call for refinance fee withdrawal


first_img continue reading » A bipartisan group of Senators wrote to Federal Housing Finance Agency (FHFA) Director Mark Calabria last week to echo CUNA’s position that the Fannie Mae/Freddie Mac refinance fee set to go into effect Sept. 1 be withdrawn. Leagues have engaged several of the letter’s signers on the issue, and CUNA has contacted FHFA leadership on several occasions to express opposition to the fee.The fee would consist of 50 basis points on all loans refinanced through Fannie or Freddie. CUNA has said the fee threatens to undercut the refinance market and will raise costs for credit union borrowers and could price vulnerable potential homeowners out of the market.Sens. Mike Rounds (R-S.D.), Kevin Cramer (R-N.D.), Steve Daines (R-Mont.), Jerry Moran (R-Kan.), Tina Smith (D-Minn.), Jon Tester (D-Mont.) and Thom Tillis (R-N.C.) signed the letter, requesting immediate withdrawal of the fee.“That the FHFA) would allow the GSEs to take this course of action, during what is universally agreed to be a period of great economic distress, is surprising and deeply troubling,” the letter reads. “We therefore request that you immediately act to require that the GSEs withdraw this fee to prevent further harm to everyday Americans and our economy. FHFAcenter_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more


Former transfer chief Sven Mislintat telling people Arsenal is an ‘absolute mess’


first_imgAdvertisement Comment Former transfer chief Sven Mislintat telling people Arsenal is an ‘absolute mess’ Sanllehi (L) is Arsenal’s head of football (Picture: Getty)Mislintat called time on his short spell at Arsenal when Unai Emery and co signed Denis Suarez on loan from Barcelona.Suarez played just six times for Arsenal during a disastrous loan spell that was eventually cut short and Mislintat viewed the signing as pointless.The decision making at Arsenal continues to frustrate fans after the announcement Pablo Mari and Cedric Soares had been signed permanently and David Luiz had been given a one-year deal.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityMari has played three times for Arsenal and will miss the next three months due to injury, while Soares, who was at relegation-battlers Southampton before joining the Gunners, is yet to play.Regardless, the defensive duo were given long-term deals, while Dani Ceballos’ loan was also extended.MORE: Real Madrid, Barcelona and Leicester monitoring Arsenal star Matteo Guendouzi’s situation after Brighton fiascoMORE: Jamie Vardy made the right decision by rejecting Arsenal, says Phil NevilleFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page. Mislintat has slammed Arsenal to people (Picture: Getty)Arsenal’s former head of recruitment Sven Mislintat is telling people the club is an ‘absolute mess’ behind the scenes.Mislintat was a major coup for Arsenal when he joined from Borussia Dortmund in late 2017, but lasted just 14 months in the job.Arsenal fans were baffled to learn of Mislintat’s departure, which came hot on the heels of chief executive Ivan Gazidis’s exit from the club.The Independent claim Mislintat has held nothing back in this assessment of Arsenal since his departure, branding them a ‘mess’ and insisting the club is ‘dysfunctional’ and has ‘no clear plan’.ADVERTISEMENTMislintat was concerned about Arsenal’s bloated and confused scouting structures when he arrived and tried to overhaul the system and trim down the number of personnel.AdvertisementAdvertisementBut Arsenal’s head of football Raul Sanllehi blocked those efforts, much to the annoyance of Mislintat.The transfer guru was even more perplexed to learn Arsenal did indeed axe the scouts he wanted gone after he had left the club. Advertisement Coral BarryWednesday 24 Jun 2020 5:55 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.1kShareslast_img read more




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