Full audit of Garda resources now needed

first_imgNewsBreaking newsFull audit of Garda resources now neededBy admin – December 12, 2013 627 Linkedin Advertisement Facebook Twitter Emailcenter_img Print WhatsApp Andrew [email protected] up for the weekly Limerick Post newsletter Sign Up WITH over 1,000 applications received and over 30,000 expressions of interest made for the new positions available with An Garda Siochana, the move to lift the moratorium on recruitment has been broadly welcomed, but a full audit is needed to establish the garda districts and units that are in most need of a boost.That is according to Fianna Fáil Spokesperson on Justice Niall Collins who has welcomed the commencement of garda recruitment at a time when numbers in the force are slipping to a dangerously low level.Deputy Collins is now calling on the Minister for Justice Alan Shatter to ask the Garda Commissioner Martin Callinan to carry out an audit of the areas and units within An Garda Síochána that need extra resources.Commissioner Callinan has said that he does not want the numbers in the force slip below 13,000. The new positions and period of recruitment he said will go to alleviating fears of a reduction in the force where an efficient level of policing could not be maintained.Deputy Collins said “This is a long overdue step. It comes at a time when the force has been subjected to sustained cuts and desperately needs more resources and more manpower,” he added.“What we need now is a full audit of garda units and garda districts to see which areas most need additional manpower.“Over the last two years, we have seen communities lose their garda stations and garda vehicles; we have seen garda districts lose some specialised units; and we have seen major gaps appearing in vital units within in the force.“It is crucial that the areas that most need a boost in garda presence receive that boost as a result of this new round of garda recruitment,” he said. Previous articleHomeless, helpless, hopelessNext articleFive managers announced for Limerick Intermediates adminlast_img read more

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Freddie Mac Hits Credit Risk Transfer Milestone

first_img Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News, Secondary Market Previous: FHA Makes Enhancements to Distressed Loan Sales Program Next: Fannie Mae’s Mortgage Portfolio Value Tumbles Share Save June 30, 2016 943 Views Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Credit Risk Transfer Freddie Mac 2016-06-30 Brian Honea Tagged with: Credit Risk Transfer Freddie Mac Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Freddie Mac Hits Credit Risk Transfer Milestone Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Freddie Mac Hits Credit Risk Transfer Milestone The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Scott Morgan Freddie Mac has obtained three new insurance policies under its Agency Credit Insurance Structure (ACIS) program, representing the largest aggregate transaction to date, and a new milestone reached.The new policies provide a combined maximum limit of approximately $788 million of losses on single-family loans and transfer much of the remaining credit risk associated with three of the Structured Agency Credit Risk debt issuances this year. These transactions, aided by Chicago-based risk management firm Aon Benfield, transfer “a significant portion of mortgage credit risk on approximately $75 billion of unpaid principal balance on single-family mortgages” Freddie Mac announced Thursday.All this means that Freddie Mac has now placed $5 billion in insurance coverage through 20 ACIS transactions since the program’s inception in 2013.”We are pleased to have reached another significant issuance milestone in our single-family credit risk transfer program,” said Kevin Palmer, senior vice president of single-family credit risk transfer for Freddie Mac. “Our evolving and maturing ACIS program continues to attract a growing amount of capital from domestic and foreign insurers and reinsurers, as evidenced by the record number of counterparties who helped to make today’s announcement possible.”Aon Benfield CEO Eric Andersen said, “After a period of educating insurers and reinsurers on U.S. mortgage credit risk, we have found they have become comfortable and very receptive to this new line of business. We are pleased to have the opportunity to continue to work alongside Freddie Mac to create sustainable re-insurance capacity in this sector, and consequently an ever more stable U.S. housing market environment.”Freddie Mac was the first agency to such types of credit risk transfer transactions as ACIS. Since 2013, through ACIS and other programs such as the Structured Agency Credit Risk (STACR) series, Freddie Mac has transferred a substantial portion of credit risk on more than $525 billion of unpaid principal balances on single-family mortgages. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Sign up for DS News Daily Subscribelast_img read more

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