The time is 18:00 (UTC) on June 27th, 2006, and this is Audio Wikinews News Briefs.

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Sunday, October 18, 2020

The spread of coronavirus led to a global pandemic, affecting various daily activities. Originated in Wuhan, China, the virus spread globally, and by March, drastic measures were taken by the Indian government. Some branches of the South Western Railway of India had started taking precautions by distributing masks to ticket collectors and guards from as early as March 8. Some colleges were suspended by March 13, their exams post-poned as the government introduced lockdown and enforced social distancing.

Announced in the evening, Indian Prime Minister asked the countrymen to get the essential products and avoid going out as much as possible. Long queues outside the grocery shops, people in masks, some in N-95 masks, and hand sanitisers at the gates of megamarts were a common sight. There were reduced items in the shops, and some stores had a limit of number of customers allowed in the store at any given time. Food delivery services, and taxi services were on haitus — workers who dependent on the profession for their daily income, while software engineers were working from home. Physical classes in schools and colleges were replaced by online lectures to prevent social gatherings.

While many relied on technology for continuing their work and earn their livelihood, Wikinews reached out to sex workers in Mysore in June who unlike others can’t maintain social distancing for their work. Two sex-workers, Akram Pasha, and Jaya (a pseudonym), who were a part of sex-worker’s group called “Ashodaya Samithi” discussed how their lives had been affected by the coronavirus, the lockdown and the restrictions they had faced.

Friday, September 28, 2012

Melbourne, Australia — Monday, following her return from London, Wikinews talked with Amanda Carter, the longest-serving member of Australia’s national wheelchair basketball team (the Gliders).

((Wikinews)) You’re Amanda Carter!

Amanda Carter: Yes!

((WN)) And, where were you born?

Amanda Carter: I was born in Melbourne.

((WN)) It says here that you spent your childhood living in Banyule?

Amanda Carter: City of Banyule, but I was West Heidelberg.

((WN)) Okay. And you used to play netball when you were young?

Amanda Carter: Yes.

((WN)) And you’re an occupational therapist, and you have a son called Alex?

Amanda Carter: Yes. It says “occupational therapist” on the door even. And I do have a son called Alex. Which is him there [pointing to his picture].

((WN)) Any more children?

Amanda Carter: No, just the one.

((WN)) You began playing basketball in 1991.

Amanda Carter: Yes.

((WN)) And that you’re a guard.

Amanda Carter: Yes.

((WN)) And that you are a one point player.

Amanda Carter: Yes.

((WN)) And you used to be a two point player?

Amanda Carter: I used to be a two point player.

((WN)) When were you first selected for the national team?

Amanda Carter: 1992.

((WN)) And that was for Barcelona?

Amanda Carter: It was for a tournament prior to then. Australia had to qualify at a pre-Paralympic tournament in England in about April of 1992 and I was selected for that. And that was my first trip overseas with the Gliders.

((WN)) How did we go?

Amanda Carter: We won that tournament, which qualified us for Barcelona.

((WN)) And what was Barcelona like?

Amanda Carter: Amazing. I guess because it was my first Paralympics. I hadn’t long been in a wheelchair, so all of it was pretty new to me. Barcelona was done very, very well. I guess Australia wasn’t expected to do very well and finished fourth, so it was a good tournament for us.

((WN)) Did you play with a club as well?

Amanda Carter: I did. I played in the men’s league at that point. Which was Dandenong Rangers. It had a different name back then. I can’t remember what they were called back then but eventually it became the Dandenong Rangers.

((WN)) The 1994 World Championships. Where was that at?

Amanda Carter: Good question. Very good question. I think it was in Stoke. ‘Cause 1998 was Sydney, so I’ve got a feeling that it was in Stoke Mandeville in England.

((WN)) Which brings us to 1996.

Amanda Carter: Atlanta!

((WN)) Your team finished fourth.

Amanda Carter: Yes.

((WN)) Lost to the Unites States in the bronze medal game in front of a crowd of 5,000.

Amanda Carter: That would have been about right. It was pretty packed.

((WN)) That must have been awesome.

Amanda Carter: It was. It was. I guess also because it was the USA. It was their home crowd and everything, so it was a very packed game.

((WN)) They also have a fondness for the sport.

Amanda Carter: They do. They love basketball. But Atlanta again was done very well. Would have been nice to get the medal, ‘cause I think we sort of had bigger expectations of ourselves at that point, ‘cause we weren’t the new kids on the block at that point but still finished fourth.

((WN)) They kept on saying in London that the Gliders have never won.

Amanda Carter: We’ve never won a gold, no. Not at World’s or Paralympics.

((WN)) So that was Atlanta. Then there was another tournament, the 1998 Gold Cup.

Amanda Carter: Yes. Which was the World Championships held in Sydney.

((WN)) How did we go in that?

Amanda Carter: Third.

((WN)) But that qualified… no, wait, we didn’t need to qualify…

Amanda Carter: We didn’t need to qualify.

((WN)) You were the second leading scorer in the event, with thirty points scored for the competition.

Amanda Carter: Yes. Which was unusual for a low pointer.

((WN)) In basketball, some of the low pointers do pretty well.

Amanda Carter: Yeah, but in those days I guess it was more unusual for a low pointer to be more a scorer.

((WN)) I notice the scores seem lower than the ones in London.

Amanda Carter: Yes. I think over time the women’s game has developed. Girls have got stronger and they’re competing against guys. Training has got better, and all sorts of things. So teams have just got better.

((WN)) How often do the Gliders get together? It seems that you are all scattered all over the country normally.

Amanda Carter: Yes. I mean we’ve got currently three in Perth, four in Melbourne, four in New South Wales, and one in Brisbane out of the twelve that were in London. But the squad is bigger again. We usually get together probably every six or eight weeks.

((WN)) That’s reasonably often.

Amanda Carter: Cost-wise it’s expensive to get us all together. What we sometimes do is tack a camp on to the Women’s League, when we’re mostly all together anyway, no matter where it is, and we might stay a couple of extra days in order to train together. But generally if we come into camp it would be at the AIS.

((WN)) I didn’t see you training in Sydney this time… then you went over to…

Amanda Carter: Perth. And then we stayed in Perth the extra few days.

((WN)) 2000. Sydney. Two Australia wins for the first time against Canada. In the team’s 52–50 win against Canada you scored a lay up with sixteen seconds left in the match.

Amanda Carter: I did! That was pretty memorable actually, ‘cause Canada had a press on, and what I did was, I went forward and then went back, and they didn’t notice me sitting behind. Except Leisl did in my team, who was inbounding the ball, and Leisl hurled a big pass to almost half way to me, which I ran on to and had an open lay up. And the Canadians, you could just see the look on their faces as Leisl hurled this big pass, thinking “but we thought we had them all trapped”, and then they’ve looked and seen that I’m already over half way waiting for this pass on an open lay up. Scariest lay up I’ve ever taken, mind you, because when you know there’s no one on you, and this is the lay up that could win the game, it’s like: “Don’t miss this! Don’t miss this!” And I just thought: “Just training” Ping!

((WN)) That brings us to the 2000 Paralympics. It says you missed the practice game beforehand because of illness, and half the team had some respiratory infection prior to the game.

Amanda Carter: Yeah.

((WN)) You scored twelve points against the Netherlands, the most that you’ve ever scored in an international match.

Amanda Carter: Quite likely, yeah.

((WN)) At one point you made four baskets in a row.

Amanda Carter: I did!

((WN)) The team beat Japan, and went into the gold medal game. You missed the previous days’ training session due to an elbow injury?

Amanda Carter: No, I got the elbow injury during the gold medal game.

((WN)) During the match, you were knocked onto your right side, and…

Amanda Carter: The arm got trapped underneath the wheelchair.

((WN)) Someone just bumped you?

Amanda Carter: Tracey Fergusson from Canada.

((WN)) You were knocked down and you tore the tendons in your elbow, which required an elbow reconstruction…

Amanda Carter: Yes. And multiple surgeries after that.

((WN)) You spent eleven weeks on a CPM machine – what’s a CPM machine?

Amanda Carter: It’s a continuous passive movement machine. You know what they use for the footballers after they’ve had a knee reconstruction? It’s a machine that moves their knee up and down so it doesn’t stiffen. And they start with just a little bit of movement following the surgery and they’re supposed to get up to about 90 degrees before they go home. There was only one or two elbow machines in the country, so they flew one in from Queensland for me to use, to try and get my arm moving.

((WN)) You’re right handed?

Amanda Carter: Yes.

((WN)) So, how’s the movement in the right arm today?

Amanda Carter: I still don’t have full movement in it. And I’ve had nine surgeries on it to date.

((WN)) You still can’t fully flex the right hand.

Amanda Carter: I also in 2006 was readmitted back to hospital with another episode of transverse myelitis, which is my original disability, which then left me a C5 incomplete quad, so it then affected my right arm, in addition to the elbow injury. So, I’ve now got weakness in my triceps, biceps, and weakness in my hand on my right side. And that was following the birth of my son.

((WN)) How old is he now?

Amanda Carter: He’s seven. I had him in July 2005, and then was readmitted to hospital in early 2006 with another episode of transverse myelitis.

((WN)) So that recurs, does it?

Amanda Carter: It can. And it has a higher incidence of recurring post pregnancy. And around the age of forty. And I was both, at the same time.

((WN)) So you gave up wheelchair basketball after the 2000 games?

Amanda Carter: I did. I was struggling from… In 2000 I had the first surgery so I literally arrived back in Melbourne and on to an operating table for the ruptured tendons. Spent the next nine months in hospital from that surgery. So I had the surgery and then went to rehab for nine months, inpatient, so it was a big admission, because I also had a complication where I grew heterotopic bone into the elbow, so that was also causing some of the sticking and things. And then went back to a camp probably around 2002, and was selected to go overseas. And at that point got a pressure sore, and decided not to travel, because I thought the risk of travelling with the pressure sore was an additional complication, and at that point APC were also saying that if I was to go overseas, because I had a “pre existing” elbow injury, that they wouldn’t cover me insurance-wise. So I though: “hmmm Do I go overseas? Don’t I go overseas?”

((WN)) Did they cover you from the 2000 injury?

Amanda Carter: Yes. They covered me for that one. But because that had occurred, they then said that they would not cover if my arm got hurt again. And given that the tournament was the Roosevelt Cup in the US, and that we don’t have reciprocal health care rights, the risk was that if I fell, or landed on my arm and got injured, I could end up with a huge medical bill from the US and lose my house. So I decided not to play, and at that point I guess then decided to back off from basketball a little bit at that point. But then, after I had my son, and I had the other episode of transverse myelitis, in 2008, I just happened to come across the coach for the women’s team…

((WN)) Who was that?

Amanda Carter: It was Brendan Stroud at the time, who was coaching the Dandenong Rangers women’s team. I just happened to cross him at Northland, the shopping centre. And he said: “Why don’t you come out and play for Dandenong?” I was looking fit and everything else, so I thought “Okay, I’ll come out to one training session and see how I go.” And from there played in the 2008 Women’s National League. And was voted MVP — most valuable one-pointer, and all-star five. So at that point, in 2009, after that, they went to Beijing, so I watched Beijing from home, because I wasn’t involved in the Gliders program. I just really came back to do women’s league. In 2009, I received some phone calls from the coaching staff, John Trescari, who was coaching the Gliders at that point, who invited me back in to the Glider’s training program, about February, and I said I would come to the one camp and see how I went. And went to the one camp and then got selected to go to Canada. So, since then I’ve been back in the team.

((WN)) Back in the Gliders again.

Amanda Carter: Yeah!

((WN)) And of course you got selected for 2012…

Amanda Carter: Yes.

((WN)) My recollection is that you weren’t on the court a great deal, but there was a game when you scored five points?

Amanda Carter: Yeah! Within a couple of minutes.

((WN)) That was against Mexico.

Amanda Carter: Yes. That was a good win, actually, that one.

((WN)) The strange thing was that afterwards the Mexicans were celebrating like they’d won…

Amanda Carter: Oh yeah! It was very strange. I guess one of the things that, like, I am in some ways the backup one pointer in some ways, but what gives me my one point classification, because I used to be a two, is my arm, the damage I received, and the quadriplegia from the transverse myelitis. So despite the fact I probably shoot more accurately that most people in the team, because I’ve just had to learn to shoot, it also slows me down; I’m not the quickest in the team for getting up and down the court, because of having trouble with grip and stuff on my right hand to push. I push reasonably quick! Most people would say I’m reasonably quick, but when you at me in comparison to, say, the other eleven girls in the team, I am not as quick.

((WN)) The speed at which things move is quite astonishing.

Amanda Carter: Yeah, and my ability is more in knowing where people want to get to, so I aim to get there first by taking the most direct route. [laughter]

((WN)) Because you are the more experienced player.

Amanda Carter: Yeah!

((WN)) And now you have another silver medal.

Amanda Carter: Yes. Which is great.

((WN)) We double-checked, and there was nobody else on the team who had been in Sydney, much less Barcelona or Atlanta.

Amanda Carter: I know.

((WN)) Most of the Gliders seem to have come together in 2004, the current roster.

Amanda Carter: Yes, most since 2004, and some since 2008. And of course there are three newbies for 2012.

((WN)) Are you still playing?

Amanda Carter: I’m having a rest at this particular point. Probably because it’s been a long campaign of the training over the four years. I guess more intense over the last eighteen months or so. At the moment I am having a short break just to spend some time with my son. Those sorts of things. ‘Cause he stayed at home rather than come to London.

((WN)) You would have been isolated from him anyway.

Amanda Carter: And that’s the thing. We just decided that if he had come, it would have been harder for him, knowing he’d have five minutes a day or twenty minutes or something like that where he could see me versus he spoke to me for an hour on Skype every day. So, I think it would have been harder to say to Alex: “Look, you can’t come back to the village. You need to go with my friend now” and stuff like that. So he made the decision that he wanted to stay, and have his normal routine of school activities, and just talk to mum on Skype every day.

((WN)) Fair enough.

Amanda Carter: Yeah! But I haven’t decided where to [go] from here.

((WN)) You will continue playing with the club?

Amanda Carter: I ‘ll still keep playing women’s league, but not sure about some of the international stuff. And who knows? I may well still, but at this point I’m just leaving my options open. It’s too early to say which way I’m going to go.

((WN)) Is there anything else you’d like to say about your record? Which is really impressive. I can count the number of Paralympians who were on Team Australia in London who were at the Sydney games on my fingers.

Amanda Carter: Yes!

((WN)) Greg Smith obviously, who was carrying the flag…

Amanda Carter: Libby Kosmala… Liesl Tesch… I’ve got half my hand already covered!

((WN)) What I basically wanted to ask was what sort of changes you’ve seen with the Paralympics over that time — 1992 to 2012.

Amanda Carter: I think the biggest change has been professionalism of Paralympic sports. I think way back in ’92, especially in basketball, I guess, was that there weren’t that many girls and as long as you trained a couple of times a week, and those sorts of things, you could pretty much make the team. It wasn’t as competitive. This campaign, certainly, we’ve had a lot more than the twelve girls who were vying for those twelve positions. The ones who certainly didn’t make the team still trained as hard and everything as the ones who did. And just the level of training has changed. Like, I remember for 2012 I’d still go and train, say, four, five times a week, and that’s mostly shooting and things like that, but now it’s not just about the shooting court skills, it’s very much all the gym sessions, the strength and conditioning. Chair skills, ball skills, shooting, those sorts of things to the point where leading in to London, I was doing twelve sessions a week. So it was a bigger time commitment. So the level of commitment and the skill level of the team has improved enormously over that twenty years. I think you see that in other sports where the records are so much, throwing records, the greater distances, people jump further in long jump. Speeds have improved, not just with technology, but dedication to training and other areas. So I think that’s the big thing. I think also the public’s view of the Paralympics has changed a lot, in that it was seen more as, “oh, isn’t it good that they’re participating” in 1992, where I think the general public understands the professionalism of athletes now in the Paralympics. And that’s probably the biggest change from a public perspective.

((WN)) To me… London… the coverage on TV in Britain, but also here, some countries are ahead of others, but basically it’s being treated like the Olympics.

Amanda Carter: Yeah! Yeah. There wasn’t a lot of difference between.

((WN)) Huge crowds…

Amanda Carter: Huge crowds! We played for our silver medal in a sell-out crowd… you couldn’t see a vacant seat around the place.

((WN)) I was looking around the North Greenwich Arena…And that arena! The seats went up and up and up! And as it was filling on the night, you could see that even that top deck had people sitting in it. I guess in 2000 even, to fill stadiums, which we did, we gave APC and school programs, a lot of school kids came to fill seats and things. We didn’t necessarily see that in London. They were paid seats! People had gone out and spent money on tickets to come and see that sport.

((WN)) I saw school groups at the football and the goalball, but not at the basketball.

Amanda Carter: No. Which is a big difference also, that people are willing to come and pay to watch that level of sport.

((WN)) I was very impressed with the standard of play.

Amanda Carter: The standard, over the years, has improved so much. But the good thing is, we’re looking at development. So we’ve got the next rung of girls, and guys, coming through the group. Like, we’ve got girls that weren’t necessarily up to selection for London but will probably be right up there for Rio… Our squad will open, come January, for the first training camp. That will be an invitational to most of the girls who are playing women’s league and those sorts of things, and from there they’ll do testing and stuff, cutting down and they’ll select a side for Osaka for February, but the program will remain open leading into the next world championship, which is in Canada.

((WN)) What’s in Osaka?

Amanda Carter: The Osaka Cup. It’s held every year in February, so that will be the Gliders’ first major tournament…

((WN)) After the Paralympics.

Amanda Carter: Yeah. So everyone’s taking an opportunity now to have a bit of a break.

((WN)) And then after that?

Amanda Carter: It’s the world championships in 2014 in Canada. So that will be what they’re next training to.

((WN)) How many tournaments do they normally play each year?

Amanda Carter: We’ve played a few. And you often play more in a Paralympic year, because you’re looking to see the competition, and the other teams, and those sorts of things, so… This year we did Osaka, which Canada went to, China went to… Japan, and us. We then went to — and we’d previously just been to Korea last November for qualification. We’ve been over to Germany. We’ve been to Manchester. So we’ve had a few tournaments where we’ve travelled. And then we’ve had of course a tournament in Sydney about three weeks before we went to London. And then of course we went to the Netherlands, before we went on to Cardiff in Wales.

((WN)) You played a tournament in the Netherlands?

Amanda Carter: Yes. Of four nations — five nations. We had Mexico at the tournament… GB… Netherlands… us… and there was one other… There were five of us at the tournament. It was a sort of warm up going in to… Canada! Canada it was. Canada was the fifth team. Because Canada stayed on and continued to train in the Netherlands. So they were good teams. Mexico we don’t often get a look at so it was a good chance to get a look at them at tournaments and things like that. And then flew back in to Heathrow and then in to Cardiff to train for the last six days leading in to London.

((WN)) Thank you very much for that.

Amanda Carter: That’s okay!

Thursday, October 3, 2013

A review this week by Wikinews of US Consumer Financial Protection Bureau (CFPB) complaints about mortgages in the United States shows Bank of America leads all lending institutions in complaints.

Since mortgages complaints were recorded in December 2011, 77,622 total have been added to CFPB’s database. 29.2% of these complaints involved Bank of America, with the second most received by Wells Fargo, accounting for 15.5% of all complaints. JPMorgan Chase ranked third by volume of complaints with 9.8%. Ocwen was fourth with 8.7% and Citibank was fifth with 4.8%. Nationstar Mortgage; Green Tree Servicing, LLC; HSBC; PNC Bank; U.S. Bancorp; OneWest Bank; SunTrust Bank; Flagstar Bank; and Select Portfolio Servicing, Inc. each had between 1.0 and 3.8% of total complaints. The remaining 14.4% of all complaints about consumer mortgages were divided between about 530 other lending institutions.

The Motley Fool reported last month that for the past fiscal quarter, the biggest US based mortgage lenders were from first to fifth Wells Fargo, JPMorgan Chase, Bank of America, Quicken Loans and U.S. Bancorp.

According to the US Federal Reserve, debt for family residences stands at US$10.706 trillion for the second quarter of 2013. As of the end of June of this year, Bank of America is the United States’s second largest commercial bank with US$1.343 trillion in domestic assets. Wells Fargo is the fourth largest commercial bank with US$1.251 trillion in domestic assets. JPMorgan Chase is the largest US commercial bank with US$1.329 trillion in domestic assets and US$1.947 trillion in total assets.

The mortgage complaints in the CFPB report include several subproducts. Conventional fixed mortgages account for 27.1% of all complaints. Conventional adjustable mortgages account for 10.0%. FHA mortgages account for 7.7% of all complaints. Home equity loans or lines of credit account for 3.8% of all complaints. VA mortgages are 1.4% of all complaints. Second mortgages and reverse mortgages each account for 0.6% of complaints. The remaining 48.7% of complaints are about other mortgages or other mortgage issues. A few years ago, FHA loans accounted for about 10% of all US mortgages while VA loans accounted for about 3%. Prime loans accounted for over 75% of the market and the rest were subprime mortgages.

California leads all states by volume of complaints with 14768. It is followed by Florida, New York, Georgia and Texas. When complaints are divided by a state’s total population, New Hampshire leads. The state is followed by Washington D.C., Maryland, Georgia and Florida. Complaints do not correlate with national rankings for August’s foreclosure rate by state where Nevada topped the list, followed by Florida, Ohio, Maryland and Delaware.

Two zip codes account for over 1,000 total complaints between them. 565 complaints originated in the 48382 zip code, which is in Commerce Township, Michigan, located in suburban Detroit. 553 complaints originated in the 33071 zip code, in Coral Springs, Florida. According to real estate website Zillow, there are currently 1,033 properties in foreclosure in Coral Springs while Commerce Township only has 131 properties currently in foreclosure. Four other zip codes have 100 plus complaints originating from them. 91730, in Rancho Cucamonga, California, had 158 complaints. 33409, in West Palm Beach, Florida, had 132. 92626, in Costa Mesa, California, had 125 complaints. 92660, in Newport Beach, California, had 122 complaints. Respectively, the towns had 534, 1,068, 153, and 134 properties currently in foreclosure. These numbers are higher than for the cities of a few sampled zip codes where there was only one complaint, such as Gold Hill, Oregon which has 4 properties in foreclosure, and Decatur, Illinois which has 6 properties in foreclosure.

The CFPB categorizes complaints into six categories: “Loan modification, collection,foreclosure” or problems when a person is unable to pay; “Loan servicing, payments, escrow account” or problems with making a payment; “Application, originator, mortgage broker”; “Credit decision / Underwriting”; “Settlement process and costs”, and “Other”. The CFPB says the complaint types indicate consumers “appear to be driven by a desire to seek agreement with their companies on foreclosure alternatives. The complaints indicate that consumer confusion persists around the process and requirements for obtaining loan modifications and refinancing, especially regarding document submission timeframes, payment trial periods, allocation of payments, treatment of income in eligibility calculations, and credit bureau reporting during the evaluation period.” Currently, 59.6% of all complaints against lenders deal with being unable to pay. 25.1% deal with problems in making a payment. 7.0% have to do with the application process.

Of the complaint-heavy zip codes, for 48382 in Commerce Township, Michigan, 98.9% of all complaints have to deal with being unable to pay. Accounting for 23.4% of all mortgage complaints in Commerce Township, 132 of the complaints for being unable to pay were made regarding Bank of America, accounting for 97.8% or all but 3 complaints against them from the zip. 121 of the Bank of America responses in Commerce Township were closed with explanation and 12 were closed with non-monetary relief. 33071 in Coral Springs is different, with 537 of the 553 complaints being categorized under other. Only 11 complaints relate to foreclosure and issues with being able to pay. 92626 in Costa Mesa, where 32% of the mortgage complaints were about Bank of America and 26.4% were about Wells Fargo, had 93.6% of its complaints dealing with being unable to pay. 5 total complaints dealt with payment issues and 3 dealt with applications.

Beyond regional variance in complaint types lodged, the top five mortgage lenders by volume of complaints all had being unable to pay as their top complaint category, ranging between 55.8% for Citibank and 69.4% for Bank of America. Problems with payment accounted for the second largest area of complaints, with Ocwen having the largest percentage of complaints at 31.9% and Bank of America having the smallest at 18.8%. Foreclosure was the top area of complaints for a number of other lending institutions including 1st Alliance Lending, OneWest Bank, Ally Bank, Banco Popular de Puerto Rico, Bank of the West, BMO Harris, BOK Financial Corp, Caliber Home Loans, Inc, Capital One, Deutsche Bank and EverBank.

Nationally, complaints reached a high of 5,840 for January 2013, 1,107 more than the next highest month of April 2013. The total emerging for September is the second lowest since records were first kept in December 2011. On a state by state level, this pattern largely repeats with a major exception for Florida which saw a peak of 849 complaints in June 2012. Then, as now, Florida was one of the top five states in the nation in its foreclosure rate. The national January spike came as the Qualified Mortgage standard required by the The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 came into play. It required mortgage lenders to take steps to insure borrowers could repay their mortgages.

Bank of America’s complaint volume follows the national trend, with a spike in January 2013 with 1,925 total complaints. Unlike nationally, the next month by volume of complaints was February of this year with 1,598 complaints. Prior to that, the highest month was May 2012 with 1,418 complaints. The lowest volume of complaints is September this year with 334.

Wells Fargo matched national trends for volume of complaints by month, with the exception of the current month being the lowest on record for number of complaints with 197 compared to the next lowest month, December 2011, when they had 221. JPMorgan’s complaint volume by month spiked in January and March of this year with 504 complaints. April of this year was the next highest month with 493 complaints, edging out May of last year with 488 complaints. September this year is on track to be the lowest month by complaint volume.

The federal government shutdown is unlikely to impact the current mortgage situation in the United States directly for most consumers, though mortgage processing by the Federal Housing Administration could be slower, resulting in fewer mortgages processed.

Thursday, March 23, 2006

The new book Game of Shadows: Barry Bonds, BALCO, and the Steroids Scandal that Rocked Professional Sports, by Mark Fainaru-Wada and Lance Williams of The San Francisco Chronicle, is being released today. The authors not only implicate professional baseball celebrity Barry Bonds in the use of performance-enhancing drugs, but also say Gary Sheffield received human growth hormone and testosterone from Greg Anderson, Bonds’s personal trainer.

The book goes on to claim that Jason Giambi also took performance-enhancing drugs from Anderson. Bonds continues to insist that he did not realize his trainer was giving him steriods. He claimed in his grand jury testimony that he thought he was receiving flaxseed oil and an arthritis salve. Sheffield’s response to the claims was quite simple: when asked if the allegations made against him were true, his response was “Nope.”

Despite the book’s accusations of Sheffield and Giambi, it centers around Bonds and the founder of the Bay Area Laboratory Co-Operative or BALCO, Victor Conte Jr. Conte is currently serving four months in prison for distribution of steriods and money laundering. It appears that the steroid controversy concerning Bonds will only intensify as he continues to march on towards the career home runs record, one of baseball’s most sacred records.