Timmer Named Honorable Mention All-MVC

first_imgSAINT LOUIS, Mo. – Drake University sophomore Reed Timmer (New Berlin, Wis.) has been named to the Missouri Valley Conference’s men’s basketball honorable mention All-MVC team.Timmer, a guard, has started all 30 games to date and led the Bulldogs with 16.9 points per game this season. That total ranks as the third-highest in the MVC and is currently the highest season-long scoring average by a Bulldog since the 2001-02 season.In addition to his 16.9 points per game, Timmer has averaged 2.6 assists and 3.5 rebounds per game while shooting 46.1 percent from the field and 39.6 percent from the three-point arc.He has scored 20 or more points in a game nine times this season and 19 points in five other games, including a career-high 30 points against DePaul. The honor is the third MVC postseason accolade of Timmer’s career. As a freshman he was named to the MVC All-Newcomer and All-Freshman teams. Throughout the course of this season, he has been named the MVC Scholar-Athlete of the Week a league-high five times.Timmer and the Bulldogs begin MVC Tournament play on Thursday, March 3, as the No. 10 seed against seventh-seeded Missouri State. Tipoff is set for 8:30 p.m. at the Scottrade Center in St. Louis, Mo.Print Friendly Versionlast_img read more

Feds Finalize New Mortgage Fraud Requirements for GSEs

first_img February 23, 2014 475 Views in Daily Dose, Government, Headlines, News, Secondary Market Per new regulations finalized last week, the GSEs will be required to file suspicious activity reports (SARs) directly with the Financial Crimes Enforcement Network (FinCEN) rather than through their own regulator.Developed in coordination with the Federal Housing Finance Agency (FHFA), FinCEN’s final rule is intended to provide law enforcement and regulators with a more complete picture of mortgage fraud than that offered by less detailed reports currently provided to FHFA.Though reports are to be filed with FinCEN, the agency notes FHFA will have responsibility for examining the GSEs for compliance.In addition to filing SARs with FinCEN, Fannie Mae, Freddie Mac, and the 12 Federal Home Loan Banks will also be required to develop programs to aid in preventing money laundering.According to FinCEN, the newly announced final rule adopts (“without significant change”) all of the provisions contained in the agencies November 2011 Notice of Proposed Rulemaking.The rule goes into effect 60 days after its publication in the Federal Register. Fannie Mae FHFA FinCEN Freddie Mac Mortgage Fraud 2014-02-23 Tory Barringercenter_img Feds Finalize New Mortgage Fraud Requirements for GSEs Sharelast_img read more