In the second half, the Spanish team put one more gearWith the fourth victory, you will still have to see Austria and Croatia Photo: Reuters The Spanish men’s handball team this Thursday added their fourth victory, and the first in the second phase, in the European Championship that is being played in Austria, Norway and Sweden, after imposing much forceful 31-25 on the Republic CzechIn this way, the current champion, although she did not play her best match of the championship, achieved her first two important points in the ‘Main Round’ which gives access to the medals after fulfilling the forecasts before an opponent she almost always dominated and the one who finished developing in the second half when he escaped with an already insurmountable difference.Spain had a hard time breaking the game and did not get it until the final quarter of an hour. In the first part, the Czechs, thanks to the great work in the goal of Mrkva (9 stops, including two seven meters), were able to recover from the first initial blow (7-4, min. 12).The Central European team, which suffered from the good work of Julen Aguinagalde in the pivot zone, grabbed the actions of his goalkeeper to match things (7-7). However, this balance seemed only real on the scoreboard because the Central European team did not succeed in disarming the 6-0 of the ‘Hispanics’ and survived mainly due to the lack of success of the current champion. Thus, the defense and appearance of Gonzalo Pérez de Vargas caused the Spaniards to re-open a gap that reached their maximum number of five goals (14-9) just before the break and after the Czechs only scored two goals since the tie seven and have them remain unmarked for the last seven minutes.Final hit after the last approachIn the resumption the crash script did not change much, although those of Jan Filip and Daniel Kubes recovered some offensive success, although it was not reflected much on the scoreboard because Spain, with good minutes of Alex Dusjhebaev, also scored with some ease to expand even at seven goals the rent (19-12, min. 37).The descent of success in the goal of Mrkva was compensated by the side Kasparek and the central Zdrahala as the best weapons of the Czechs, who did not miss another stop in attack of those of Ribera to sign a 1-5 of partial and recover options ( 20-17, min. 43).The Czech Republic did not last long because it did not survive a series of exclusions and the double world champion again took a good lead (23-17, min. 45). The attacks without goalkeeper were not the solution either and they received as punishment fast goals of the Spaniards who finished the game (29-19, min.53) to be able to live relaxed the final stretch. This Saturday (6:15 pm), the ‘Hispanics’ will face each other in a key game against host Austria.DATA SHEET–OUTCOME: SPAIN, 31 – CZECH REPUBLIC, 25 (14-9, at rest).–SPAIN: Pérez de Vargas (1), Corrales (p); Maqueda (3), Fernández (5), Entrerríos (1), A. Dujshebaev (5), Sarmiento (3), Aginagalde (2), Solé (3, 1 pen), Figueras (2), Cañellas (2) , Morros (1), Gómez (1), Ariño (-), Guardiola (1) and D. Dujshebaev (1).–CZECH REPUBLIC: Mrkva (p), Babak (1), Hrstka (1), Becvar (4), Jurka (-), Horak (1), Kasparek (6), Cip (2), Slachta (-), Vanco (1) , Zdrahala (8, 3 pen), Solak (-), Mubenzem (-), Zeman (-) and Mojzis (1).–PARTIALS EVERY 5 MINUTES: 2-2, 6-4, 7-6, 11-8, 12-9, 14-9 – rest– 17-12, 20-15, 23-18, 26-19, 30-20 and 31 -25.–REFEREES: Brunner and Salah (SUI). They excluded two minutes to Guardiola (2), D.Dujshebaev and Ariño, for Spain, and Zeman, Slachta, Mojzis, Jurka, Kasparek and Solak, for the Czech Republic.–PAVILION: Wiener Stadthalle. 3,986 spectators.
October 9, 2018 1,012 Views Banks BCFP loans mortgage New York Fed 2018-10-09 Radhika Ojha How CFPB Impacts Mortgage Lending Share in Daily Dose, Featured, News, Origination The Bureau of Consumer Financial Protection (BCFP) was formed as part of the Dodd-Frank Act and began operations in July 2011 with the mandate to protect consumer finances and a broad authority over banks and nonbanks.How has the oversight of the bureau affected banks since it began seven years ago? A new research by the Federal Reserve Bank of New York aimed to measure the effects on banks of BCFP’s supervision and enforcement activities to answer this question.Focusing on BCFP and mortgage lenders, the research revealed that “there is no evidence that being subject to CFPB supervision and enforcement has led to lower mortgage lending for affected banks,” the New York Fed said on its Liberty Street Economics blog on Tuesday.Written by Andreas Fuster, Matthew Plosser, and James Vickery, the blog gave an overview of the research done by the bank on the impact of BCFP’s oversight on lenders. Looking at commercial and savings banks with total assets between $1 billion and $25 billion as of June 30, 2011, the research sorted them into two groups: those that became subject to the bureau’s oversight when it started operating in mid-2011 and those that did not and plotted the mortgage lending volumes for these two groups using Home Mortgage Disclosure Act data.It found that while the volume of mortgage lending for both groups fluctuated substantially over time and reflected movements in long-term interest rates and other factors, there were no obvious differential trends with lending volumes moving very closely together for the two groups.The research also estimated the lending effects of BCFP oversight by using a model that accounted for the location of mortgaged property and other loan characteristics. It found that the estimated effect of BCFP’s oversight on mortgage origination volume was economically small and “generally not statistically different from zero.””We also find that banks subject to CFPB oversight are no more likely to reject mortgage applications than other banks,” the blog said. “We find that CFPB oversight reduces affected lenders’ share of mortgage originations by at most 1.6 percentage points, a small decline relative to the overall 38 percent market share of these lenders in our sample.”However, when the research looked at the composition of mortgage lending, it found that BCFP oversight had impacted these. “Most notably, we find a 6 percent drop in the market share of CFPB-supervised banks for mortgages insured by the Federal Housing Administration (FHA). These loans tend to be riskier since they are made to lower-income borrowers and generally involve a small down payment,” the research revealed. “There is also some evidence of a drop in lending to borrowers with higher credit risk. Offsetting these declines, CFPB-supervised banks substitute toward large loans in the “jumbo” segment of the mortgage market, where borrowers tend to have higher incomes.”Click here to read the full blog and research findings.