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>Police Charge Local Minister In Sunday Evening Pedestrian Accident

>Car grazes stroller; motorist cited

By Tom Davis

THE RECORD

Monday, November 17

RIDGEWOOD – A 61-year-old woman was charged Sunday with failing to stop at a crosswalk after her car grazed a stroller carrying a 1-year-old girl, police said.

The girl, Maria Semenchenko, and her mother, Irena, both of Ridgewood, were not injured in the incident, which occurred around 5 p.m. at Godwin Avenue and Sherman Place, police said.

Elizabeth Searle of New York was driving through the intersection when she skimmed the front end of the stroller as Irena Semenchenko was pushing it across Godwin Avenue.

Police said they responded to the scene but no one required medical attention.

**********

More information from The Fly: Elizabeth Searle is the Rector of Christ Episcopal Church, located at 105 Cottage Place in Ridgewood. Reverend Searle has resided in a Church owned home on South Pleasant Avenue for at least the past 2 years. The Fly fails to understand why the Rector told police that she lives in New York, although her personal automobile still has New York State license plates affixed. Isn’t it a violation of NJ State motor vehicle laws to live in NJ, but yet maintain that you officially reside in another state, and not change your driver’s license and registration?

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>Hospitals fight plan for N.J. center

>https://www.lohud.com/article/2008811160377

Jane Lerner
The Journal News

WESTWOOD, N.J. – Leaders of both of Rockland’s acute-care hospitals are opposing a plan for a new for-profit facility just over the county line in Bergen County, N.J., where Pascack Valley Hospital operated until it went bankrupt a year ago.

Both David Freed, chief of Nyack Hospital, and Michael Schnieders, executive vice president of Good Samaritan Hospital in Suffern, have written to New Jersey officials urging them not to approve a plan by Hackensack University Medical Center and a private Texas company to open a new, for-profit hospital at the Pascack location.

Both maintain that a new, 128-bed hospital just miles from the Rockland border is unnecessary and will make it harder for the Rockland hospitals and other area facilities to provide care in an increasingly difficult and competitive financial environment.

“I strongly believe that patients are not well served by opening a new hospital in Westwood,” Freed wrote in his letter to the New Jersey health commissioner. “It will only exacerbate the regional oversupply of hospitals and hospital beds and, in turn, negatively affect the quality of health care delivery throughout Bergen and Rockland counties.”

In its plan submitted to New Jersey regulators, Hackensack denies that its plans for a new hospital will have an impact on other hospitals competing for the same patients.

The new hospital, “will serve the 14 communities immediately surrounding the hospital, while at the same time ensuring that there will be no negative impact on other existing hospitals in Bergen County,” Hackensack wrote in its application to the New Jersey Department of Health and Senior Services.

Hackensack said that its joint venture with Legacy Hospital Partners of Plano, Texas, will enable the new hospital to be run without any public funding.

In documents, Hackensack said it will be able to make a financial success of the proposed hospital and maintains that the old Pascack Valley Hospital went out of business because of poor management and overexpansion.

The proposal does not mention the effect on Rockland.

Before it declared bankruptcy and closed a year ago, Pascack Valley Hospital was a popular choice for Rockland residents – especially people living in the southern part of the county.

During its last full year of operation, the hospital treated 1,100 New Yorkers, most of them from Rockland.

Haverstraw resident Sonia Serrano was one of them.

She gave birth to her daughter in Pascack’s obstetrical department last year.

“I’d love to see that hospital reopen,” she said. “It was a great place – so convenient. I’d go there again.”

But Rockland hospital officials want to keep patients like her at the county’s two hospitals. They maintain that they are more than able to do that.

Schnieders told New Jersey officials that in the year since Pascack Valley closed, Good Samaritan Hospital in Suffern had treated many patients who once used the Bergen County hospital and hoped to continue to do so.

“With our occupancy rate of 81 percent, we look forward to continuing to serve patients from Pascack communities for years to come,” Schnieders wrote.

Both Freed and Schnieders pointed out that separate studies done in both New York and New Jersey have shown that there are too many hospital beds, which makes it harder for all hospitals to have enough patients to make enough money to survive.

New Jersey hospitals are also fighting the proposal. Two of them, Englewood Medical Center and Valley Hospital in Ridgewood, have hired a public relations firm to launch a campaign against the proposal.

Both New Jersey hospitals are in the midst of expanding their services. Englewood is building a new emergency department and Valley Hospital is trying to expand its campus and replace two of its buildings.

But Anthony S. Cicatiello, who was hired by the two hospitals to fight the Hackensack proposal, said expanding services is not the same as opening a new hospital.

“The market has already determined that there was no need for Pascack Valley Hospital,” he said. “Other hospitals, including the ones in Rockland, stepped in to take those patients.”

Adding a new 128-bed hospital to the region goes against the recommendations of both New York and New Jersey regulators, who have called for fewer hospital beds, he said.

But other people wonder why the hospitals are fighting the new proposal so strongly.

“Why are they so afraid of a little competition?” asked Tomkins Cove resident Jay Hirsch. “Competition is good for the patients – it gives us more of a choice.”

It is unclear how much of an effect the new hospital would have on Rockland.

Hackensack Medical Center last month opened an emergency room in the old Pascack building, which it bought at a bankruptcy auction.

Ray Florida, head of Rockland Paramedic Services, which provides paramedic services for the entire county, said he had heard that Pascack Valley’s emergency room was open again.

“But we never received any kind of formal notification,” Florida said.

In the past month, no Rockland residents served by paramedics have asked to be taken to the Pascack ER, he said.

“No one’s asking about it,” he said. “It doesn’t seem to be having much of an impact at all.”

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>Last Night Nov. 16th at 5:00 pm , a mother with a child in a stroller were hit by a car.

>Hi PJ, I was wondering if you could post this on the blog for me.

Last Night Nov. 16th at 5:00 pm , a mother with a child in a stroller were hit by a car. They were crossing Godwin ave. in the pedestrian crosswalk ( cross street Sherman Place ) when they were hit. I heard the thump from inside my house. They were taken to the hospital. Ridgewood Police would not release any info on the current condition of the mother and child and they would not tell me any info about the accident.

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NJT board to vote, this week, on high platforms for Ridgewood station

>the+bear+014
Posted by trainsarefun on Sun Oct 12 18:02:58 2008, in response to Re: NJT board to vote, this week, on high platforms for Ridgewood station, posted by RonInBayside on Sun Oct 12 17:25:18 2008.

“Staff also seeks authorization to amend the existing professional services with Stantec (formerly Vollmer Associates) of Newark, New Jersey, for Construction Support services related to the construction contract in the amount of $1,000,000, plus five percent for contingencies, for a total contract authorization of $3,045,000, subject to the availability of funds.”

The math in that sentence doesn’t add up.

Well, it’s an NJT computation, so we all know what that means. 🙂

Construction project managers are usually paid a percentage of the contract value. Is it possible they really meant some percent of $23 million. 10% of 23 million is $2.3 million, plus another five percent contingency, would be $1.15 million extra. But that doesn’t add up either.

More seriously, though, notice that it’s an amendment to an existing contract. Here is an example of another agenda item doing something similar, in terms of accounting, which is also on for this week’s board meeting:

0810-74

ACCESS TO THE REGION’S CORE: ENGINEERING/ARCHITECTURAL CONSULTANT SERVICES: THE PARTNERSHIP – CONTRACT AMENDMENT

In August 2006, NJ TRANSIT initiated preliminary engineering for the Access to the Region’s Core project, also known as THE Tunnel Project. A continuation of these services through Extended Preliminary Engineering is required up to receipt of the Record of Decision (ROD) to ensure the project starts construction in 2009. The ROD is currently anticipated this fall and permission to enter into Final Design by the Federal Transit Administration (FTA) will be issued shortly thereafter.

Staff seeks authorization to fund Extended Preliminary Engineering through 2008 and Final Design for 2009 and 2010 by extending contract (No. 06-046) with THE Partnership, a joint venture between Parsons Brinckerhoff, Inc., STV Inc., and DMJM Harris, Inc. of Newark, NJ, for Engineering / Architectural consultant services for the Access to the Region’s Core/THE Tunnel Project at a cost not to exceed $124,000,000, plus five percent for contingency, for a total contract authorization of $214,493,869, subject to the availability of funds. The consultant services for Final Design will be initiated after a Record of Decision and approval to enter Final Design has been obtained from the FTA.

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Posted on

>"In 1492, Columbus sailed the ocean blue."

>older columbus

CHRISTOPHER COLUMBUS discovered America in 1492. At least that is what all elementary school children were always taught: “In 1492, Columbus sailed the ocean blue.” Of course, Columbus never did “discover” North America, and the regions he did explore were already inhabited. He only discovered them from the viewpoint of the Europeans. Yet his first voyage did prove one thing for sure, that the earth was not only round, but that it was bigger than he had thought, Eratosthenes notwithstanding.

One of the first known celebrations marking the discovery of the “New World” by Christopher Columbus was in 1792, when a ceremony organized by the Colombian Order was held in New York City honoring Christopher Columbus and the 300th anniversary of his landing in the Bahamas. Then, on October 12, 1866 the Italian population of New York organized the first celebration of the discovery of America. Three years later, in 1869 Italians in San Francisco celebrated October 12 calling it C-Day.

To mark the 400th anniversary of Columbus’ voyage, in 1892, President Benjamin Harrison made a commemorative proclamation. But it was Colorado, in 1905, that became the first state to observe a Columbus Day. Since 1920 the day has been celebrated annually, and in 1937 President Franklin Roosevelt proclaimed every October 12 as Columbus Day. That’s where it remained until 1971 when Congress declared it a federal public holiday on the second Monday in October.

Christopher Columbus (1451 – 1505)

Columbus, the son of a wool merchant and weaver, was born in Genoa, Italy and went to sea at the age of 14. Following a shipwreck off the coast of Portugal in 1470, he swam ashore and settled in that country.

Between 1477 and 1482 Columbus made merchant voyages as far away as Iceland and Guinea. But in 1484, his “Enterprise of the Indies” idea fell on deaf ears when he presented it to King John of Portugal. Shortly thereafter, he moved to Spain, where King Ferdinand and Queen Isabella became more interested in his adventuresome ideas.

To the New World

On August 2, 1492, Columbus set sail in search of the East Indies. The voyage was financed by Ferdinand and Isabella by making the city of Palos pay back a debt to the crown by providing two of the ships, and by getting Italian financial backing for part of the expenses. The crown had to put up very little money from the treasury.

Columbus and 90 crewmen boarded the three ships that were to make the first voyage to the New World, the Niña, Pinta, and the flagship, Santa Maria. On October 12, 1492, Columbus first saw the islands of the new world, landing in the Bahamas. Later in the month, he would sail to Cuba, and to Hispaniola (now Haiti). He thought he had reached the East Indies, the islands off Southeast Asia.

Contrary to popular belief, most educated individuals in the 15th century, and especially sailors, already knew that the earth was round. What was not realized by Columbus, however, was just how big a globe it was. Columbus seriously underestimated the size of the planet.

Seaworthy Cuisine

The menu for Spanish seamen consisted of water, vinegar, wine, olive oil, molasses, cheese, honey, raisins, rice, garlic, almonds, sea biscuits, dry legumes such as chickpeas, lentils, beans, salted and barreled sardines, anchovies, dry salt cod and pickled or salted meats (beef and pork), salted flour.

Food, mostly boiled, was served in a large communal wooden bowl. It consisted of poorly cooked meat with bones in it, the sailors attacking it with fervor, picking it with their fingers as they had no forks or spoons. The larger pieces of meat were cut with the knife each sailor carried. Fish was eaten most often. On calm days, the crew would fish and then cook their catch.

Return to Spain and Additional Voyages

On Christmas Day, 1492, the Santa Maria sank off Hispaniola. Columbus departed for Spain on January 16, 1493 on the Niña, arriving there on March 4.

Columbus made three additional voyages to the New World. The second voyage set sail in September, 1493, with 17 ships. During his expeditions, he helped to colonize Hispaniola, and discovered the South American mainland. He did not, however, see mainland North America during any of his voyages.

He returned to Spain for the last time on November 7, 1504. He died at Valladolid, Spain on May 20, 1506, at the age of 55.

Controversy

Much controversy exists over Columbus’ expeditions and whether or not one can “discover” an already-inhabited land. The natives of the Bahamas and other islands on his journey were peaceful and friendly. Yet many of them were later enslaved by the Spanish. Also, it is known that the Vikings explored the North American coast 500 years before Columbus.

Nevertheless, Columbus’ expedition was unique and important in that it resulted in the first intertwining of Europe with the Americas, resulting in the first permanent European colonies in the New World.

https://wilstar.com/holidays/columbus.htm

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>McCain Letter Demanded 2006 Action on Fannie and Freddie

>Since so many in Ridgewood are affected by the current banking crisis…….

by Human Events
10/10/2008

Sen. John McCain’s 2006 demand for regulatory action on Fannie Mae and Freddie Mac could have prevented current financial crisis, as HUMAN EVENTS learned from the letter shown in full text below.

McCain’s letter — signed by nineteen other senators — said that it was “…vitally important that Congress take the necessary steps to ensure that [Fannie Mae and Freddie Mac]…operate in a safe and sound manner.[and]..More importantly, Congress must ensure that the American taxpayer is protected in the event that either…should fail.”

Sen. Obama did not sign the letter, nor did any other Democrat.

see the letter

https://www.humanevents.com/article.php?id=28973

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>Barack Obama & Friends Sean Hannity Special

>Obama & Friends: History of Radicalism

‘Hannity’s America’ investigates Barack Obama’s ties to controversial people and radical groups including exclusive information revealed for the first time

Barack Obama & Friends Sean Hannity Special

Sunday Night @ 9pm on FOX

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>I don’t think there is one single answer to the district’s math problems.

>I don’t think there is one single answer to the district’s math problems. As many mentioned before, many would prefer saxon math or singapore. I, personally prefer artofproblemsolving, which I have introduced to this blog a while ago, however, many people claimed that our public schools’ goals were not to produce “phd’s in math.” Instead I think our honors classes should use something like artofproblemsolving while regular classes can use the regular curriculum.

Personally, I don’t believe in the notion of being a “math person.” I believe anyone can learn math at the highest level given that they are willing to spend time(by this I mean a hour a day) practicing. I think if the kids are willing and motivated, it is a crime to hold them back from acheiving top notch (and I know our schools are not here to produce “phd’s in math”)results no matter what school they go to. Go on artofproblemsolving’s resource page and have your child spend an our a day on the usa amc 10/12(the easier contests) and you will be surprised at the improvement after a few weeks (you can check back at my posts from a few weeks ago if you don’t remember the url).

After all, if math talent was innate, why would we have practice problems on the internet. I also don’t understand how parents complain about their child not being good at math but reject a curriculum that would train their child to the level of those math majors at schools like MIT. Also as you can see https://www.artofproblemsolving.com/Focus_article.pdf artofproblemsolving
is supported by the mathematical association of america as well so it is not one of those curriculums that mathematicians speak out against.

Match.com

Posted on

>A quick look into 3 former Fannie Mae executives who have brought down Wall Street and our financial system.

>Here is a quick look into 3 former Fannie Mae executives who have brought down Wall Street and our financial system.

Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregulaties in Fannie Mae’s accounting activities. At the time of his departure The Wall Street Journal noted, ‘ Raines, who long defended the company’s accounting despite mounting evidence that it wasn’t proper, issued a statement late Tuesday conceding that ‘mistakes were made’ and saying he would assume responsibility as he had earlier promised. News reports indicate=2 0the company was under growing pressure from regulators to shake up its management in the wake of findings that the company’s books ran afoul of generally accepted accounting principles for four years.’ Fannie Mae had to reduce its surplus by $9 billion.
Raines left with a ‘golden parachute valued at $240 Million in benefits. The Government filed suit against Raines when the depth of the accounting scandal became clear. https://housingdoom.com/2006/12/18/fannie-charges/ . The Government noted, ‘The 101 charges reveal how the individuals improperly manipulated earnings to maximize their bonuses, while knowingly neglecting accounting systems and internal controls, misapplying over twenty accounting principles and misleading the regulator and the public. The Notice explains how they submitted six years of misleading and inaccurate accounting statements and inaccurate capital reports that enabled them to grow Fannie Mae in an unsafe and unsound manner.’ These charges were made in 2006. The Court ordered Raines to return $50 Million Dollars he received in bonuses based on the miss-stated Fannie Mae profits.

Tim Howard – Was the Chief Financial Officer of Fannie Mae. Howard ‘was a strong internal proponent of using accounting strategies that would ensure a ‘stable pattern of earnings’ at Fannie. In everyday English – he was cooking the books. The Government Investigation determined that, ‘Chief Financial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie Mae,’
On June 16, 2006, Rep. Richard Baker, R-La., asked the Justice Department to investigate his allegations that two former Fannie Mae executives lied to Congress in October 2004 when they denied manipulating the mortgage-finance giant’s income statement to achieve management pay bonuses. Investigations by federal regulators and the company’s board of directors since concluded that management did manipulate 1998 earnings to trigger bonuses. Raines and Howard resi gned under pressure in late 2004.
Howard’s Golden Parachute was estimated at $20 Million!

Jim Johnson – A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO. A look at the Office of Federal Housing Enterprise Oversight’s May 2006 report on mismanagement and corruption inside Fannie Mae, and you’ll see some interesting things about Johnson. Investigators found that Fannie Mae had hidden a substantial amount of Johnson’s 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million.’ Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae.
Johnson’s Golden Parachute was estimated at $28 Million.

FYI:WHERE ARE THEY NOW?
FRANKLIN RAINES? Raines works for the Obama Campaign as Chief Economic Advisor
TIM HOWARD? Howard is also a Chief Economic Advisor to Obama
JIM JOHNSON? Johnson hired as a Senior Obama Finance Advisor and was selected to run Obama’s Vice Presidential Search Committee

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>The District Tackles the Math Issue…Are they on the right track?

>The RPS “ENews” announces the following: An Elementary Math Evening has been scheduled for Monday, October 27, from 7:30 – 9 p.m., in the third floor Board Room of the Ed Center, 49 Cottage Place. You will work in small groups during this meeting to respond to the following questions:

* What is your passion when it comes to mathematics?
* Reflecting on your own education in mathematics, what would you want that is different or the same for all children today in their mathematics education?
* What do you think all students should know and be able to do in mathematics when they graduate?
* What do you want to see in an elementary mathematics textbook or program?

To put it mildly, these are not the most productive questions especially since the Math Panel pretty much cleared away the smog on this in its 100-plus page report(Is this a memory lapse or are we just going to ignore this eminent panel altogether??). However, if we must go down the Rabbit Hole on a local elevator, then at least lets revisit the questions to illicit less anecdotal and more intellectual responses. Suggestions can include:

* How would you rank key elements of a math textbook in order of importance — equations, practice drills, math concepts, real-world problems, design presentation, sequential focus, any others?
* Should mathematics education be differentiated allowing students to move forward at different speeds?
* What constitutes mathematics competence and should all students be expected to achieve it by grade level?
* Is there an inherent advantage or disadvantage to a math textbook over a math program?
* Should the teaching of math in elementary school be handled only by those teachers who exhibit the education foundation and knowledge toward a math specialty, in a similar manner to how music, art and P.E. are taught? Or, should schools continue to rely on “professional development” for generalist teachers as a means to engender higher elementary math competency? Your thoughts?

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>A Great Meal

>marcelo
from the Daily Bite blog…..
https://tina.blogspot.com/2008/10/great-meal.html

Catching up on email today, I found one arranging for dinner with The Golf Channel at Marcello’s
in Ridgewood NJ (this all was while in NJ for the Barclays Golf Tournament).

It caught my eye because it was a memorable evening with VERY memorable food. I had one of the best steak dishes I’d ever had and I’d be remiss if I didn’t post it in case any of you ever find yourself anywhere near Ridgewood, NJ.

It was the “Marado” – Filet Mignon stuffed with smoked mozzarella, prosciutto
and spinach, portobello mushroom, port wine.

I am salivating just thinking of it.

by Tina

https://tina.blogspot.com/2008/10/great-meal.html

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>Memorial Dedication for David N. Baker, former VOR Director of Public Works

>A memorial dedication will be held at 1:30 PM on Saturday, October 11th for David Baker of Wood-Ridge, NJ, who died on July 12, 2008.

Mr. Baker served as Director of the Village of Ridgewood’s Department of Public Works for many years prior to his retirement in 2006.

The ceremony will take place at the Ridgewood Water Pollution Control Facility, 561 Prospect Street in Glen Rock, NJ.

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>Lower Credit Standards :the root cause of the current wall street crisis

>September 30, 1999

Fannie Mae Eases Credit To Aid Mortgage Lending

By STEVEN A. HOLMES

In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is
easing the credit requirements on loans that it will purchase from banks and other lenders.

The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional
loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in
profits.

In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can
only get loans from finance companies that charge much higher interest rates — anywhere from three to four percentage points higher than conventional loans.

”Fannie Mae has expanded home ownership for millions of families in the 1990’s by reducing down payment requirements,” said Franklin D. Raines, Fannie Mae’s chairman and chief executive officer. ”Yet there remain too many borrowers whose credit is just a notch below
what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.”

Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn,
prompting a government rescue similar to that of the savings and loan industry in the 1980’s.

”From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and
bailed out the thrift industry.”

Under Fannie Mae’s pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 — a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.

Fannie Mae, the nation’s biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur
banks to make more loans to people with less-than-stellar credit ratings.
Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings
than non-Hispanic whites.

Home ownership has, in fact, exploded among minorities during the economic boom of the 1990’s. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University’s Joint Center for Housing Studies.
During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent.
In contrast, the number of non-Hispanic whites who received loans for homes increased by 31.2 per cent.

Despite these gains, home ownership rates for minorities continue to lag behind non-Hispanic whites, in part because blacks and Hispanics in particular tend to have on average worse credit ratings.

Page 1 of 2 Fannie Mae Eases Credit To Aid Mortgage Lending – New York Times
10/2/2008 https://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F95…

In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.

The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants.

Copyright 2008 The New York Times Company Home Privacy Policy Search Corrections XML Help Contact Us Work for Us Back to Top

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>Security Guard at Ben Franklin Middle School Will Be Eliminated

>Superintendent of Schools Dr. Daniel Fishbein announced on Monday that the security guard who has been temporarily placed at BFMS will probably be moved back to the high school as of mid-November, and that a BFMS staff person will then be assigned to act as a greeter each morning.

There was a discussion about extending the idea of a staff greeter to GWMS as well.

The Board discussed the importance of every district school’s adherence to the policy that all doors are locked during school hours.

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