Mortgages Georgia – Home Associates Fri, 03 Dec 2021 04:47:15 +0000 en-US hourly 1 Mortgages Georgia – Home Associates 32 32 CHL Mortgages adds new LTV tranches Fri, 03 Dec 2021 04:00:23 +0000

CHL Mortgages introduced a series of products in new loan-to-value (LTV) bands, reduced rates on existing agreements and 2-year fixed rate options for homeowners.

Rates now start from 2.69% on lenders’ 5-year fixed rate buy-to-let (BTL) product line (up to 50% LTV) and from 2.85% up to 75 % LTV.

Both are available on both Personal and Limited Liability Company offers with product fees ranging from 1.25% to 2%.

Stephen wrigley chl bdm

CHL Mortgages appoints BDM

A 2.93% 2-year fixed rate at 60% LTV and a 2.99% 2-year fixed rate at 70% LTV were introduced to replace the old BTL 2-year 65% and 75% LTV products.

Both are available for the Personal and Limited Liability Company lines, with a 2% product charge.

The lender’s line of multi-occupancy houses (HMOs) and freehold multi-unit (MUFB) blocks of the lender also saw the introduction of several new products as well as rate reductions on existing LTV bands.

5-year fixed rates start from 2.94% to 50% LTV and 3.15% to 75% LTV.

This range also includes a 0% to 65% product charge option and 75% LTV for 2 year fixed products.

Ross Turrell, Commercial Director of CHL Mortgages, said: “The specialty BTL market continues to experience sustained levels of interest and demand from investors, developers and homeowners looking to take advantage of the growing demand for tenants and a highly competitive lending environment.

“Which means lenders must constantly evaluate their product offerings to meet their ever-changing needs.

“We expect these positive changes to be welcomed by our growing distribution base and will attract even more companies to bolster what has been an extremely encouraging first half in the specialist lending arena. ‘purchase and rental. “

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Why a loan premium awaits multi-family borrowers Tue, 30 Nov 2021 18:00:37 +0000

After two years of extraordinary liquidity, multi-family loans are on track for a record year that will offer multi-family investors and sponsors a full menu of competitive options.


“Much of the uncertainty that reigned in 2020 around the multi-family market, much of that fog, has lifted,” said Woodwell. “So lenders and investors feel pretty confident in their ability to understand a property, understand its current operations and where it will be in the quarters and years to come. “

Even worries about interest rate hikes, tax changes, inflation and rising construction costs are not dampening expectations. Multi-family loans are expected to reach about $ 421 billion in 2022, up from the record high of $ 409 billion forecast for 2021 and a 13% increase from 2020, according to MBA.

“When you look at how you expect to see 2022 versus 2021, I think there is still a lot of room to operate in the market,” said Brian Hirsh, vice president of Mesa West Capital Partners. “There is a lot of equity that has not yet been deployed. “

Mesa West, which specializes in variable rate bridging loans for sponsors seeking capital and flexible structures, made more than $ 600 million in loans in the third quarter alone. Transactions varied from coast to coast and included acquisitions, refinances and recapitalizations. Among the transactions was a five-year, $ 77 million adjustable rate first mortgage for the acquisition of Alta Congress, a 369-unit multi-family property in Delray Beach, Florida.

Foreign investment is expected to increase with the lifting of restrictions on overseas travel. Capital will flow to conventional multi-family assets as well as affordable and labor-intensive segments, but lenders also expect deals for student and senior housing to resume in 2022. Single-family rentals, which increased significantly during the pandemic, often with institutional investors, is also expected to continue to grow.

In October, Black Bear Capital Partners arranged a $ 19.5 million financing for the construction of Overlook, a
49 unit condominium project planned by Monolith Capital in Port St. Joe, Florida Provided by national debt
fund, the loan involves interest payments only for the entire term. Image courtesy of Black Bear Capital Partners

Hats off

A big increase will come from government sponsored companies. The Federal Housing Finance Agency has increased the 2022 multi-family loan purchase limits for Fannie Mae and Freddie Mac by $ 8 billion each. This will raise the caps to $ 78 billion between the two agencies.

“It’s huge for us because it’s more capacity,” said Pamela van Os, senior vice president and head of West Coast branch loan production at Greystone. “More capacity means more availability to get us into debt. “

The FHFA has also changed several key definitions. Loans are considered mission-oriented if the units involved are affordable to cost-overburdened tenants with incomes of up to 100% of the median income of the area and, in some cases, up to 120% of the FRIEND. Units affordable to residents with incomes at 60% of the MAI will be eligible for loans with energy and water improvements. Changes to the FHFA for cost-overrun tenant markets could mean more competitive prices for borrowers in high-cost areas, but lenders are waiting for clarifications on the markets that will be included.

The FHFA has also changed several key definitions. Loans will be considered mission-oriented if the units involved are affordable to high-cost tenants with incomes of up to 100% of the median income in the area and, in some cases, up to 120% of the FRIEND. Units affordable to residents with incomes at 60% of the MAI will be eligible for loans with energy and water improvements. Changes to the FHFA for cost-overrun tenant markets could mean more competitive prices for borrowers in high-cost areas, but lenders are waiting for clarifications on the markets that will be included.

Yet the change is seen as positive. “It allows (GSEs) and us to compete for this truly affordable business in those markets and it puts these deals in the bucket of mission capital and out of the bucket of non-mission capital,” noted Don King, vice-president. executive chairman of multi-family finance at Walker & Dunlop.

The changes are expected to result in a more consistent transaction flow than in 2020 and 2021, when lower caps slowed GSE creations. It also indicates that Fannie Mae and Freddie Mac may be more aggressive on market rate deals in 2022.

Aggressive agencies

Source: Association of Mortgage Bankers

“Agencies always have very good options for long-term debt. We’ve seen really aggressive pricing from them this year, ”said Scott Modelski, Managing Director of Black Bear Capital Partners, which specializes in structured debt and equity advice. “Our company was able to close a handful of deals below 3%. I think the best deal we could get was a 2.88%, 10 year, 10 year interest only loan (loan).

For its part, Fannie Mae has expanded its variable rate products and has been more aggressive this year. This should create additional opportunities for homeowners to refinance three-year variable rate construction loans into permanent debt – likely with GSEs – and for new buyers to acquire stabilized assets, predicted Hilary Provinse, vice-president. Executive Chairman of Berkadia and Head of Mortgage Banking Services.

With Fannie Mae and Freddie Mac expected to generate around 40% of multi-family loans in 2022, borrowers will have a variety of additional options including banks, debt funds, REITs, private lenders, Wall Street conduits and life insurance companies. Life insurance companies, for example, increased the number of multi-family arrangements, adding $ 2.5 billion in mortgages in the second quarter alone, Woodwell said.

Banks often prefer to lend on smaller assets, and life insurance companies tend to like “higher quality assets, at market rates and low LTVs,” said King of Walker & Dunlop. “This is where they like to play, and they compete on price.”

The cap rate factor

Compression of the capitalization rate is also more common. Formerly present primarily in coastal entry markets, the trend now encompasses popular secondary and tertiary markets. Faced with ceiling rate constraints, Berkadia aims to structure agency agreements more competitively in markets where rents are rising and to use interest only as a tool to compensate for a lower LTV for the borrower, reports Provinse.

At Comerica Bank, which focuses on short-term multi-family construction and value-added loans, multi-family clients will find LTVs of between 50% and 60% on new development loans due to low cap rates, the vice said. -Executive Chairman Jeffrey Bloom. With a higher LTV, borrowers may want amortization while interest-only payments may make more sense for a low LTV.

Comerica doesn’t buy into today’s low interest rates, and even when rates rise, there would be a long way to go before an increase had a significant impact on their underwriting, Bloom noted. He cited Texas and California as examples of markets where the lender plans to remain active in 2022, as well as Arizona, Florida, Georgia, Colorado, Nevada and Washington.

Borrowers looking for a higher LTV and more years of interest-only interest may consider loan funds, noted Mitchell Kiffe, senior managing director of CBRE and co-head of domestic production. For CBRE sponsors looking for acquisition loans with a combination of product, price and structure, debt funds have been the most competitive option in recent times, he said.

With interest rates typically between 3 and 3.5 percent for fixed and variable rate loans, “the big advantage of debt funds is that they are not limited by the income guarantee in place.” Kiffe said. “They are prepared to look into underwriting some of the rental growth that we are seeing.”

Debt funds can generally offer a loan-to-cost ratio of 75% on most multi-family acquisition loans with term interest only. Other lenders, including GSEs, life insurance companies and banks, which tend to guarantee income in place, cap income in a 60% range.

Bonds and new products

Alta Congress, a unit of 369
multi-family property in Delray Beach, Florida.

Single-asset, single-borrower CMBS operations for large individual loans and loan portfolios were also very strong execution for multi-family and are expected to continue due to excellent multi-family market fundamentals and low rates for the business. bond.

“While bond buyers have demanded an increase in spreads on recent transactions due to the increase in bond supply, we expect CMBS-SASB execution to be competitive through 2022. “said Kiffe.

The student housing category is attracting increased lending activity, said Josh Zegen, founder and CEO of Madison Realty Capital. In July, the company provided a $ 62 million bridge and construction loan for the refinancing and development of University Pointe, an 877-bed student residence in Davie, Florida. Hybrid financing was provided at a rate of 4.5% with a mortgage of $ 58 million and a mezzanine loan of $ 4 million. Most of the proceeds will refinance a 2019 loan with $ 8 million allocated to develop a new 96-bed facility.

Madison Realty Capital closed some $ 1.8 billion in deals in 2020 and is expected to exceed that figure three or four times in 2021, Zegen reported. He attributes some of that growth to a new $ 1.5 billion debt investment vehicle that he describes as a “lighter bridging loan product.”

Other lenders are also creating additional products and van Os of Greystone expects this to be a trend next year as well. For affordable housing, this includes Greystone’s tax-exempt bond financing and the option to build 100% LTC through its subsidiary ATAX. “We are all looking for other products to have in our arsenal,” she said.

Read the December 2021 issue of MHN.

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Today in history – Le Journal Mon, 29 Nov 2021 16:02:21 +0000

Today in history

Today is Monday, December 6, the 340th day of 2021. There are 25 days left in the year.

Today’s highlight in history:

On December 6, 1865, the 13th Amendment to the U.S. Constitution, abolishing slavery, was ratified, with Georgia becoming the 27th state to approve it.

To this date :

In 1790, Congress moved to Philadelphia from New York.

In 1889, Mark Twain’s novel “A Connecticut Yankee in King Arthur’s Court” was first published in England under the title “A Yankee at the Court of King Arthur” (it was published in the United States under his more familiar name four days later).

In 1907, the worst mining disaster in U.S. history occurred with the deaths of 362 men and boys in a coal mine explosion in Monongah, West Virginia.

In 1917, some 2,000 people were killed when a French cargo ship loaded with explosives, the Mont Blanc, collided with the Norwegian ship Imo in the port of Halifax, Nova Scotia, triggering an explosion that affected devastated the Canadian city. Finland declared independence from Russia.

In 1922, the Anglo-Irish Treaty, which established the Irish Free State, entered into force one year to the day after it was signed in London.

In 1957, America’s first attempt to put a satellite into orbit failed when Vanguard TV3 rose about four feet from a Cape Canaveral launch pad before crashing and exploding.

In 1962, 37 coal miners were killed in an explosion at the Robena No. 3 mine operated by US Steel in Carmichaels, Pennsylvania.

In 1969, a free Rolling Stones concert at Altamont Speedway in Alameda County, California was marred by the deaths of four people, one of whom was stabbed by a Hell’s Angel.

In 1973, minority parliamentary leader Gerald R. Ford was sworn in as vice president, succeeding Spiro T. Agnew.

In 1989, 14 women were shot dead at the University of Montreal’s engineering school by a man who then committed suicide.

In 1998, in Venezuela, former Lieutenant-Colonel Hugo Chavez (OO’-goh CHAH’-vez), who had organized a bloody coup attempt against the government six years earlier, was elected president.

In 2007, President George W. Bush announced a plan to freeze interest rates on subprime mortgages held by hundreds of thousands of homeowners.

Ten Years Ago: Declaring America’s middle class in danger, President Barack Obama, speaking in Kansas, presented a populist economic vision that would lead to his candidacy for reelection, insisting that the United States must regain their status as a country in which everyone could prosper if given “a fair share”. A suicide bomber massacred 56 Shiite worshipers and injured more than 160 others outside a shrine in the Afghan capital.

Five years ago: President-elect Donald Trump officially announced he would nominate retired Naval General James Mattis to be his Secretary of Defense, bringing his choice on stage at a rally in Fayetteville, Carolina North.

A year ago: President Donald Trump said his personal lawyer Rudy Giuliani tested positive for the coronavirus, making him the latest member of Trump’s inner circle to contract the disease. In a debate with her Democratic opponent, Reverend Raphael Warnock, ahead of the two parliamentary elections in Georgia that would determine control of the Senate, Republican Senator Kelly Loeffler repeatedly refused to acknowledge that Trump had lost his re-election.

Today’s birthdays: Comedy actor David Ossman is 85 years old. Actor Patrick Bauchau is 83 years old. Country singer Helen Cornelius is 80 years old. Actor James Naughton is 76 years old. Former Transportation Secretary Ray LaHood is 76 years old. R&B singer Frankie Beverly (Maze) is 75 years old. Don Nickles, R-Okla., Is 73 years old. Actor JoBeth Williams is 73 years old. Actor Tom Hulce is 68 years old. Actor Wil Shriner is 68 years old. Actor Kin Shriner is 68 years old. Actor Miles Chapin is 67 years old. Rock musician Rick Buckler (The Jam) is 66. Comedian Steven Wright is 66 years old. Country singer Bill Lloyd is 66 years old. Singer Tish Hinojosa is 66 years old. Rock musician Peter Buck (REM) is 65 years old. Rock musician David Lovering (Pixies) is 60 years old. Actress Janine Turner is 59 years old. Rock musician Ben Watt (Everything But The Girl) is 59. Writer-director Judd Apatow is 54 years old. Rock musician Ulf “Buddha” Ekberg (Ace of Base) is 51 years old. Writer-director Craig Brewer is 50 years old. Actor Colleen Haskell is 45 years old. Actor Lindsay Price is 45 years old. Actor Ashley Madekwe is 40 years old. Actor Nora Kirkpatrick is 37 years old. Christian rock musician Jacob Chesnut (Rush of F ools) is 32 years old. Tennis player CoCo Vandeweghe is 30 years old. NBA star Giannis Antetokounmpo (YAH’-nihs an-teh-toh-KOON’-poh) is 27 years old.

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Principal agent disqualified in case of mortgage rates of borrowers from Ga. Wed, 24 Nov 2021 23:18:00 +0000
By Rosie Manins (Nov 24, 2021, 6:18 p.m. EST) – A Georgia Business Court judge partially disqualified lead counsel for four Georgian companies that borrowed $ 51 million in federally guaranteed mortgages, claiming that he cannot represent them in their case of lending rates against lenders if he goes to the test.

Georgia State Commercial Court Judge Sara L. Doyle on Monday allowed a petition by defendant lenders to disqualify lead counsel for plaintiff Charles A. Gower of Charles A. Gower PC from being a lawyer first instance in the case. Gower owns 50% of two of the complainant companies, Overlook Gardens Properties LLC and Creekwood Apartments LLC, for which …

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The Salvation Army of Central Georgia asks for your donations Tue, 23 Nov 2021 22:50:00 +0000 “We help people pay rent, utilities, mortgages, we house around 120 people on site here, from the homeless to the unlucky,” said Johnny Poole.

MACON, Georgia – As the holiday season approaches, we feel gratitude for what we have, and also recognize that there is so much without.

Every Tuesday of this month, we have asked you to join us in “Thanking” in helping those less fortunate in our community.

The Salvation Army is an organization that responds to many needs in the Macon region.

They’re the ones who ring the bells outside stores during the holidays.

You see them all the time during the holiday season. You can donate, you can’t, but ringing that bell means a lot to Willie Bruster.

“I like it because I love meeting people, I love making people happy, and I see so many sad things sometimes, I just want to bring joy to people’s lives,” said Willie Bruster.

Bruster has a handicap that has not slowed him down.

He has been a bell ringer for the Salvation Army for 16 years now.

“I went to Kentucky, Louisiana, to Gaston,” Bruster said.

Texas, Mississippi, Atlanta and here in central Georgia.

Bruster says he travels from state to state to spread holiday cheer by ringing what The Salvation Army calls “bells of hope.”

“I saw people who didn’t have anything to eat on Turkey Day, didn’t have bikes and a lot of toys, so I said, ‘I can go out and do something about it. “and I said,” I can tell the difference, “Bruster said.

You too can tell the difference by putting as much as you can in one of their red kettles.

Johnny Poole says donations go a long way, small or small.

“We help people pay rent, utilities, mortgages. We house around 120 people on site here, from the homeless to the lucky ones,” said Poole.

The power of your giving doesn’t end there.

The Salvation Army is also providing meals, clothing and gifts this holiday season to families in need.

“We want to challenge every person in central Georgia who is able in central Georgia – no amount is too big or too small – to help us,” said Poole.

Bruster says he will be outside ringing until December 24 at 6 p.m.

These are just a few ways the Salvation Army can use your donations, but any amount you donate can help provide shelter and food for the homeless in the Macon area.

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Federal Home Loan Bank of Atlanta awards over $ 18 million for affordable housing development | Your money Mon, 22 Nov 2021 21:15:55 +0000

ATLANTA, Nov. 22, 2021 (GLOBE NEWSWIRE) – The Federal Home Loan Bank of Atlanta (FHLBank Atlanta or the Bank) announced today that it has provided $ 18,723,850 through its members to help Fund 40 affordable housing initiatives in 12 states and the District of Columbia as part of its 2021 General Affordable Housing Program (AHP) fund. Collectively, these initiatives represent over $ 582 million in total residential development.

FHLBank Atlanta member financial institutions to distribute more than $ 18 million in General Fund grants to assist in the acquisition, new construction, rehabilitation or preservation of 2,194 rental and homeownership units affordable. For the full list of 2021 winners, Click here.

FHLBank Atlanta awards AHP funds annually through a competitive application process. Since 1990, the Bank has provided more than $ 836 million in General Fund grants, providing more than 132,000 housing options to modest, low and very low income households.

“The General Fund awards have positively impacted communities in our district and in many other parts of the country for over 30 years,” said Arthur L. Fleming, Senior Vice President and Director of Investment Services Community of FHLBank Atlanta. “We value the partnerships our members forge with local for-profit and non-profit developers to help build and rehabilitate healthy, affordable housing for the citizens who need it most. “

The opening of the 2022 General Fund round will be announced by the Bank in the first quarter of next year. Potential applicants should work with a FHLBank Atlanta member financial institution to complete the AHP application. A list of member financial institutions is available on the FHLBank Atlanta website at

About Federal Home Loan Bank of Atlanta FHLBank Atlanta offers competitively priced finance, community development grants, and other banking services to help member financial institutions obtain affordable mortgages and provide home loans. economic development to neighborhoods and communities. The members of the Bank — its shareholders and customers — are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, USA. Maryland, North Carolina, South Carolina, Virginia and the District of Columbia. FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have provided approximately $ 7 billion in Affordable Housing Program funds, helping more than 990,000 households.

For more information, visit our website at

CONTACT: Peter E. Garuccio Federal Home Loan Bank of Atlanta 404.888.8143

Copyright 2021 GlobeNewswire, Inc.

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Revolutionizing the online mortgage experience – RISMedia Sat, 20 Nov 2021 11:43:53 +0000

Tim Grant, a real estate agent with Better Homes and Gardens Real Estate Metro Brokers in Newnan, Georgia, has been a big supporter of Rocket Mortgage with his clients since working with the lender to finance his own home purchase.

“The process was incredibly straightforward, from the time we asked a question on the website to the loan officer’s call five minutes later to a pre-approval letter in 20 minutes,” says Grant.

Immersed in the industry just three years ago, Grant stresses his desire to provide a seamless experience for every client as the primary factor behind his decision to work with Rocket Mortgage.

Taking the stake even further, Grant uses the Rocket ProSM Insight platform, which provides real-time updates on the status of its clients’ mortgages.

“Rocket Pro Insight keeps me on top of the loan process by showing me where my clients are,” says Grant.

With full transparency of the loan process, Grant can see where each loan is, the terms of the loan, if additional documents are needed and when it will be closed.

“If the process is delayed, all I have to do is contact my dedicated agent relations manager to see what’s going on and how we can fix it,” says Grant, who says the lines of communication are open. with the Rocket Mortgage team as one of the main benefits of the partnership.

“I know who has the file at each step of the process and how to get it, which allows for seamless communication,” Grant says.

And while timing is important in helping a client with a real estate transaction, the ability to change pre-approval scores as part of company specifications has made things even easier.

“By using the pre-approval notes, I no longer have to wait for a mortgage banker or loan officer to respond to me with a revised pre-approval letter,” says Grant. “I can just go in and edit it myself to send the best offer to my client. “

Taking it a step further, Grant’s customers also benefit from its use of Rocket Pro Insight.

“They love that I’m able to stay on top of things for them,” notes Grant. “They are busy working so they don’t necessarily follow, but I can make sure they always know exactly what’s going on. “

For those who are not yet working with Rocket Mortgage, according to Grant, something is missing.

“Rocket Mortgage goes above and beyond to make sure my clients are taken care of, which is essential in an industry where customer relationships are so important,” concludes Grant. “With Rocket Mortgage, it’s not a lender and an agent, but rather a team that works together to make it happen. And you can’t put a value on having a relationship with a lending arm.

The above article is sponsored content. For more information, please visit

Paige Tepping is the editor-in-chief of RISMedia. Send him your ideas for real estate news by e-mail at

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This has never been guaranteed. – Dawg Sports Fri, 19 Nov 2021 21:30:00 +0000

“It took a lot to get here. “

It’s a thought that occasionally comes to my mind in a variety of contexts, in my most contemplative moments. There is so much that has had to happen for each of us to end up where we are in our lives, individually and in relation to each other, for better or for worse.

But it occurred to me this morning when it comes to Georgia Bulldog football in particular. Let’s take stock of the current latitude and longitude of this program in the college football firmament.

  • The Rouge et Noir are 10-0 and a prohibitive favorite to win not only their last two regular-season games, but also in a head-to-head clash with all other college football playoff contenders.
  • Kirby Smart has the top-ranked recruiting class for 2022 with less than a month until signing day, and may have up to 6 additional top 100 national recruits to add. It is in the top class for 2023 by some estimates.
  • Our biggest rivals are on the whole in a state of utter disarray with the program, having lost faith in their culture-changing coach, started worrying about the end of the game for their seventy-year-old head coach, or the guy that everyone told them was a failure from day one.

And we’re here because Greg McGarity and the rest of the UGA Athletics 2015 Brain Trust have made the decision to part ways with the most winning coach Georgia has ever had in percentage, a guy three years old to play for one. SEC (and very almost national title). To hire a 39 year old UGA / former career assistant coach.

At the time, at Dawg Sports, we were among the skeptics.

This FOMO remark of course referred to widespread rumors that Ray Tanner in South Carolina had his eye on Smart to replace Steve Spurrier. A lot of people didn’t know until today how close he was to having his man.

Mary Beth Smart obviously puts it better than I do, but in short, Kirby and Mary Beth Smart were meeting with South Carolina officials on Sunday morning when it was announced that Georgia would be exiting the Mark Richt era. I was thinking about all of this before this radio appearance. But hearing about it prompted me to turn to the keyboard to consider the events of six years ago for your consideration rather than my own.

I’ve told this story to a few people privately, but I’m not sure I’ve told it here yet. In 2014, when Georgia looked to replace Todd Grantham as defensive coordinator, Kirby Smart was the main target, with talks on the then-de rigueur “coach waiting” tag. promises to match whatever Alabama was willing to pay, anything to bring America’s most prominent assistant coach back to Athens. Kirby Smart wanted to train in Georgia. It is always wanted to train in Georgia. And at that point, the people I spoke to in the UGA Sports Department and the UGA-era Smarts Circle of Friends felt he was about to do. At least one person working inside Butts-Mehre told me emphatically, “We have our guy. “

Then things changed. An apocryphal account maintains that Smart went so far as to tell Nick Saban he was going home, only for Saban to dissuade him by asking him why he would want to go to Athens and get fired with the rest of the Bulldog staff. . when he could wait a while and go back to being the head coach replacing Richt. I can’t verify it, and neither Smart nor Saban ever would.

But there is little reason to doubt that if Kirby Smart had come to Athens in 2014 instead of Jeremy Pruitt, he actually wouldn’t have been the hot trainer he was in 2015. If Greg McGarity hadn’t. hadn’t given in to the pressure of the elders and boosters who were on the verge of rioting if he let Smart get away, the Top ‘Dawg could have become the Top’ Cock. Did Smart leave the ship at Columbia at some point to return home?

May be. Of course, there’s no guarantee he would have done that in time to coach the Bulldogs in a 2017 season that served as a proof of concept as Smart approached. But how many Bulldogs he recruited from Athens would never have ended up here? Could Jordan Davis be the centerpiece of Mack Brown’s defense in North Carolina? Would Chubb, Michel and Carter and so many others have stayed for one more race in a special season if 2016 had been Richt’s last year instead of Smart’s premiere?

In some ways, Kirby Smart’s rise to the top of Georgia Bulldog football has been inevitable since studying his playbook in the SAE house in Athens, leaning into cover calls while everyone else’s. carelessly amused, only college kids without mortgages, car payments and sore knees can. And after spending nearly a decade as an award-winning student of Nick Saban, it was also highly likely that when he got his own agenda, he would recruit fiercely, relentlessly prepare, and focus on the building process. ‘a football powerhouse from scratch.

But the specific way in which things merged could never have been predicted. And everything could have gone wrong, or at least not as well as it did.

What if McGarity had decided that Mark Richt had won at least a year more?

What if Ray Tanner and South Carolina had moved up their coach search schedule a few days?

What if McGarity had given in to her alleged fondness for her former University of Florida colleague and gone to the mat for her former colleague. . . .Dan Mullen?

What if boosters or administrators in Georgia balked at the things Smart said he had to do the job he was hired to do?

Looking back, it’s now clear that Georgia is where it is because a mere handful of people did the right thing at the right time. Seen through this prism, this Georgia Bulldog football season is not just something to enjoy. It is something to marvel at.

Come on friends !!!

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Federal Home Loan Bank of Atlanta Announces 2021 Director Election Results | Your money Wed, 17 Nov 2021 19:38:55 +0000

ATLANTA, Nov 17, 2021 (GLOBE NEWSWIRE) – The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the 2021 director election. The Bank has held an election to fill the positions of ‘Member Directors for Alabama and the District of Columbia, and an Independent Public Interest Director representing District Members of FHLBank Atlanta. All elected directors will begin a four-year term effective January 1, 2022.

Jimmy Stubbs was elected Director Member representing the State of Alabama, William L. “Chip” Lusk, Jr. was elected Director Member for the District of Columbia, and Brian McLaughlin was elected Member of the Public Independent Director of Interest .

Mr. Stubbs is CEO and director of River Bank & Trust in Prattville, Alabama. Under his leadership, the bank was established in 2006 and is one of the largest community banks headquartered in Alabama, with total assets of $ 2.3 billion. Mr. Stubbs has been a community banker in Alabama for over 35 years and recently completed a term as president of the Alabama Bankers Association. He is currently a board member of several businesses and civic organizations, including the Business Council of Alabama, the Montgomery Area Committee of 100, the Montgomery Area Committee for the Arts, the Montgomery Area Chamber of Commerce, and the YMCA of Montgomery Endowment. Foundation. Mr. Stubbs is a 2007 Alabama Leadership Class alumnus and a member of the River Region United Way’s Tocqueville Society and the Wetumpka Lions Club. He is a life member of the Auburn Alumni Association and the Alabama Cattlemen’s Association. Mr. Stubbs received his BA from Auburn University and an Executive MBA from the University of Troy.

Mr. Lusk is Managing Director of IDB Global Federal Credit Union in Washington, DC. With over $ 700 million in assets and over 10,000 members, IDB Global serves the Inter-American Development Bank community in more than 75 countries and has been named one of the 200 healthiest credit unions in the States. United in 2020 and 2021. Prior to leading IDB Global, Mr. Lusk was COO and CFO of Georgia’s Own Credit Union in Atlanta, and has held senior positions at FSGBank, NA and Pioneer Bank, all two located in Chattanooga, Tennessee. He is currently a member of the District of Columbia Council for Financial Literacy, a member of the board of directors of the DC Credit Union Foundation, and a member of the Client Advisory Council of Finastra Phoenix. Previously, Mr. Lusk served on the Habitat for Humanity Board of Directors, the YoungLife Committee, Episcopal Migration Ministries and the Rotary Club. He received his BA from the University of Georgia and an MBA from the University of Tennessee.

Mr. McLaughlin is President of Enterprise Community Development, Inc. in Baltimore. With a portfolio valuation of over $ 1 billion spanning 115 communities across the Mid-Atlantic and serving nearly 22,000 residents, Enterprise Community Development is the sixth largest owner of affordable nonprofit housing and seventh largest developer, representing one of the three divisions of Enterprise Community Partners. . Enterprise Community Partners is a national non-profit organization that develops community programs, advocates for affordable housing policy, and invests capital to build and maintain affordable housing. Over the course of his 24-year career, Mr. McLaughlin has held various technical and managerial positions in mission-oriented organizations seeking to develop housing and economic opportunities, including eight years with Fannie Mae in roles such as leading the company’s short selling product line during the Great Recession and as Special Assistant to the President and CEO. Mr. McLaughlin was recognized for his work to expand finance products to small businesses and neighborhood businesses in Maryland during his tenure with the state’s Department of Housing and Community Development, where he led his largest government division responsible for neighborhood revitalization programs and investments. . He has served on the boards of several organizations, including the Neighborhood Housing Services of Baltimore, the Fund for Educational Excellence, the Community Preservation and Development Corporation and the Northern Virginia Affordable Housing Alliance. He received his BA with honors from Duke University, an MA in Urban Planning from MIT and an MA in Economics from American University.

“We are delighted that these three highly qualified individuals are joining our Board of Directors,” said Rick Whaley, Chairman of the Board of FHLBank Atlanta. “I have no doubt that Mr. Stubbs and Mr. Lusk will draw on the full depth and breadth of their individual experiences to represent the members of their states, and Mr. McLaughlin’s background and experience will help. to ensure that we maintain a comprehensive view of the housing finance and credit needs of consumers and communities in our district, ”said Whaley.

About FHLBank Atlanta FHLBank Atlanta offers competitively priced finance, community development grants and other banking services to help member financial institutions obtain affordable mortgages and provide economic development credit to neighborhoods and communities. communities. The members of the Bank (its shareholders and customers) are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia and the District of Columbia. . FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have provided approximately $ 7 billion in Affordable Housing Program funds, helping more than 990,000 households.

For more information, visit our website at

CONTACT: Peter E. Garuccio Federal Home Loan Bank of Atlanta 404.888.8143

Copyright 2021 GlobeNewswire, Inc.

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Looking Back in Beacon – The Highland Current Tue, 16 Nov 2021 13:18:59 +0000

Editor’s Note: Beacon was created in 1913 from Matteawan and Fishkill Landing.

150 years ago (November 1871)

William Titus, an elderly Quaker from Cornwall, moved away from Dr Kittridge’s private insane asylum in Fishkill, where he had been placed by his children. He spent 12 days without food in the mountains before a search team found him lying between two haystacks in Johnsville [Wiccopee], about 12 miles. Weakened by his ordeal, Titus died two days later.

125 years ago (November 1896)

Asahel Bell, 88, known as ‘the Hermit of Fishkill Mountain’ and ‘the Miser of the Hudson’, and for his familiar blue overalls and felt-uppers, has disappeared from the sky. Fishkill Landing. Bell is said to have held mortgages on more than $ 100,000 of farmland in Peekskill and Dutchess County, acquired through what one newspaper described as “scarcity, hoarding and investment.” His brother Lewis Bell, who had been appointed keeper of his affairs, said he could not control Asahel, who lived as a hermit in caves on Mount Beacon, Storm King and Crow’s Nest. The elders have said that Bell has hated humanity since the day, two weeks before marrying a Cold Spring woman, she returned her ring with a note saying she had run away to New York with a older man. rich. [In March 1897, Bell’s body was found floating in the Hudson with a bankroll of $107.26 in his pocket. An inquest concluded he had drowned; his death greatly enriched his impoverished siblings.]

Dr Francis Huntington Rankin, a native of Fishkill-on-the-Hudson and personal physician to the family of railroad and shipping magnate Cornelius Vanderbilt, died in Newport, Rhode Island, where he had lived for 20 years.

The chairman of Fishkill’s supervisory board said he had no comment on a report that a woman disguised herself as a husband to vote in the last election.

The Riverview Military Academy football team in Poughkeepsie beat St. Luke’s of Fishkill Landing, 32-0, on a muddy field that had been cordoned off to prevent the crowds from interfering with the players.

After negotiations with the Italian authorities, three detainees from Matteawan’s staff for insane criminals were deported to their country of origin.

100 years ago (November 1921)

A Beacon man has been arrested for abandoning his wife, who called the police after several days of absence. The husband said he went to Yonkers to look for a job but failed to tell his family about it.

Three Beacon men were accused of stealing a Studebaker belonging to John Hartney, an employee of the Standard Oil Co. He had left the car parked in front of the Holland Hotel; it was recovered on the road between Cold Spring and Nelsonville with its transmission broken.

Business owners in Beacon and Cold Spring have pressured New York State to inspect a road route from the Putnam County line to the city limits of Beacon.

Two cases of typhoid were reported, bringing Beacon’s total to 14. State health officials have banned the sale of milk from a specific farm in the city.

City officials said they should start pumping and sterilizing water from Fishkill Creek unless the reservoir is soon filled with rain.

10-year-old boy arrested and charged with assault after allegedly kicking playmate “in a vital place”, placing him in Highland Hospital, where he needed intervention surgical. The boys had fought while playing catch-as-catch-can.

A Scottish employee of the Central Hudson Steamboat Co. drowned in the Hudson River near Long Dock after falling from the Poughkeepsie steamboat.

The Poughkeepsie Eagle-News released a vague report claiming that “a good chunk” of Beacon had been stirred by “the sweeping condemnation of the town’s general morals made by a church in this town on Sunday.”

Dillon Wallace in Labrador in 1903

Newfoundland Senate Speaker Sir Patrick McGrath traveled from Canada to Beacon to visit explorer Dillon Wallace, who was said to know “more about the interior of Labrador than any living white man. “. McGrath was looking for information on the disputed border between Newfoundland and Labrador; his next stop would be Washington, DC [McGrath had been assigned in 1920 by the Canadian prime minister to research Newfoundland’s claim. His investigation formed the basis of a legal case brought to the Judicial Committee of the Privy Council in Britain, which in 1927 ruled for Newfoundland.]

A Dutchess County judge upheld the city’s right to require drivers who accepted paying passengers to obtain taxi licenses. However, he ruled that the city cannot force drivers to live in Beacon for 12 months before they can apply.

Four men were charged with assault after a brawl. One of the men, Joseph Lacola, an aspiring boxer, was apparently upset after being defeated by a black opponent, Benny McCoy. He and his friends waited outside the Holland Hotel, where McCoy worked as a bellboy, to jump on him. Lacola was bailed out by his mother.

A thief using a diamond cut a circle out of Knapp’s meat market display case, but it was only 4 inches wide, so he could only steal two bottles of horseradish within reach. Police suspected the culprit was practicing for more important work.

75 years ago (November 1946)

State Police raided a dice game on South and Wolcott Avenues on a Sunday afternoon at the behest of the Dutchess County District Attorney, but neglected to notify Beacon Police. Officers said they only heard about the raid when the four arrested men were brought to the station to be registered as regular players. The prosecutor said a resident had stopped him on the street and said complaints to Beacon Police about the ongoing gambling have gone unheeded. All four men pleaded guilty and each was fined $ 15.

A patrol officer who returned his badge and weapon following an argument with a driver who made an illegal left turn during the Halloween parade was persuaded to return to work. The motorist had apparently been able to obtain the “canceled” citation.

Melio Bettina, at 191 pounds, won his fourth heavyweight boxing bout in four fights since leaving the military with a victory in Buffalo over 210-pound Bill Weinberg.

50 years ago (November 1971)

jethro pughJethro Pugh, a defensive tackle for the Dallas Cowboys, was the first guest in a program initiated by the Beacon High School Human Relations Committee “to promote understanding and communication between students, teachers and the community. “. (In his story, the Poughkeepsie’s Journal got a curious error, noting that Pugh would be “beating a dinner party” at Rombout School instead of “hosting a dinner party.”) The Cowboys were in New York to play the Jets.

Residents held a city council meeting to protest a proposed 41 percent property tax increase from $ 46.17 per $ 1,000 of assessment to $ 64.90 per $ 1,000. A member of the Mount Beacon Park Homeowners Association argued the city needs two garbage drives a week, more police, better drainage, more money to fight drug abuse and more funding for the arts – and that the cost of a secondary sewage treatment plant should be borne by the state, since it ordered the city to build it.

The 11-member Beacon Reformed Church presbytery voted 8-0, with three abstentions, to allow a delegation from Georgia to remove the remains of William Few, a signatory to that state’s Constitution, from a vault in Cemetery. The body, buried in 1821, was due to be moved to Atlanta, although scientists have yet to determine which remains belonged to the War of Independence lieutenant colonel.

A $ 750,000 expansion to the Dutchess ski area on Beacon Mountain is expected to be completed by Dec. 1, said general manager Walter Foeger. The works included four new runs and runs, bringing the total to 11, as well as a double chairlift with a capacity of 1,600 skiers per hour.

The Planning Council has begun its review of a proposal from the Urban Renovation Agency to build 30 condos on vacant land at Beekman and Ferry streets. The development would be known as Hammond Plaza, after the Hammond Paint building that once stood on the site. The two-bedroom units were to sell for $ 22,000 and the three-bedroom units for $ 24,000.

Ken Siebert of Beacon was named the top high school player in Dutchess County by the Dutchess County Old Timers Baseball Association.

Negotiations between the Beacon Teachers Association and the school board have entered their 10th month, with 13 points still separating the two parties.

The state Department of Transportation has said it will allow Penn Central to use a 12.6 mile branch line between Beacon and Hopewell Junction for freight traffic, provided the railroad installs more safety equipment . Built in 1868, the spur had been little used until Penn Central decided to modernize the line for at least four runs per day.

25 years ago (November 1996)

Bret Alan Frattellone, a 23-year-old WSPK (104.7) disc jockey in Beacon who was known to listeners as Bret Alan, has died of injuries sustained in a car crash.

Police arrested a 16-year-old boy who made a homemade chemical bomb that exploded after throwing it through a second-story window.

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