Dealing With The Bank Of America Equator System

By Sean A. Kelly

Bank of America Equator is a computer database and workflow system developed by Equator Financial Solutions and implemented by Bank of America to handle short sales. With its help, Bank of America hope to assist their short sale team with the processing of the huge volume of short sale applications that are being received by the bank. This system caters to both Bank of America loans and loans previously held by Countrywide. One of its purposes is to prevent foreclosure on a property that is in the midst of a short sale. The bank requires that all new applications be submitted through the Bank of America Equator application. While this seems to be the case for all senior loans, the junior loans or HELOCs are still being processed via the traditional fax method.

A short sale allows a borrower to sell the home for less than the total amount due on the mortgage loan secured by the home. The recent economic recession has led to high unemployment levels, declining home values and this has resulted in many families to opt for short sales. The Equator Bank of America Mortgage system has been designed with the intention to help the borrower avoid foreclosure and to reduce some of the lender’s loss by avoiding or minimizing foreclosure activities. This secure, password-protected internet portal has been deployed with the objective of shortening response times and improving overall communication.

Through the Equator Bank of America refinance application, real estate professionals and homeowners can track the status of short sales around-the-clock. The application allows real-time viewing and exchanging of documents and tracking of important dates and deadlines for homeowners, agents and bank representatives thus significantly improving communication between all parties involved. Whether you are considering refinancing your home, or have to necessarily opt for a short sale, this application can come in handy. However, Bank of America tend to have high fees and generally have a lengthy loan process as discovered recently by my cousin Adam.

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It so happened that a few years ago Adam had bought a property in Nevada and during the course of the next few years discovered that it was unaffordable. The recession was taking its toll on him and he was somehow able to cling to his job, although he had to accept a reduced pay. He had a personal loan to handle and wasn’t exactly discreet in the use of his credit cards. His mounting debt had landed him in an extremely tight financial situation and the only option for him was to go for a short sale on his property in order to avoid filing for bankruptcy. His agent advised him to submit a short sale application to Bank of America on their Equator portal, and the file was submitted in July. The file was processed through the regular fax submission channel.

After nearly a month of the submission, they received a telephone call stating that they needed to resubmit their file before any more work would be done. They complied and uploaded all the files into Equator.

Two months after the upload, there still was no new status on the file. Adam and his agent found out that it was an error that no one had picked up the processing of this file. They escalated the matter and reached a manager who agreed to have the file directly assigned to a member of his team.

After patiently waiting for another month, they came to know that all of the files that they uploaded had been lost by Bank of America, and they were asked to re-upload all the files. In December, they were told that their application has been rejected because their buyer’s pre-approval letter had expired. They were again asked to re-upload all the files in the application along with the new pre-approval letter since there is no field to upload one file. This case has been escalated to the manager and Adam is still struggling to get his application through.

While Bank of America Mortgage does appear to be a good choice for many folks looking for a loan, their Equator portal seems to require a lot of streamlining. To any agent taking a file from Bank of America or Countrywide, I would advise that he or she make sure that the buyer realizes that they may have to wait 4-6 months before an approval letter is received.

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US Congresswoman Jackie Speier comments about Obamacare, Paralympics

Saturday, November 9, 2013

With the 2014 Winter Paralympics set for March, Wikinews sought comment from U.S. Representative Jackie Speier, who serves California’s 14th congressional district about the event and how current U.S. policies impact people with disabilities. Elected to the U.S. House in 2008, she serves on the Committee on Oversight and Government Reform and the House Armed Services Committee. For the first time ever, the Paralympics will be broadcast live in the U.S. on network television.


((Wikinews)) : Will “Obamacare” have a positive or negative impact on the lives of people with disabilities?

Jackie Speier: By-and-large the Affordable Care Act will have a significant and lasting beneficial impact on persons with disabilities […] Most importantly, pre-existing conditions will no longer prevent persons with disabilities from obtaining health insurance. Lifetime limits on medical expenses will be removed and preventive services will be free. All of these provisions of the law create health insurance that is highly supportive of good health outcomes for everyone, but in particular for those who have a disability.

((WN)) : Are there any Paralympic athletes or elite athletes with disabilities from your district that people should know more about?

Jackie Speier: There are currently two Paralympic athletes who train or live in my district that people will definitely hear more about in the coming years. One is a young woman named Allie Hyatt who trains in Judo with Willy Cahill, [whom] I have also trained with. Allie, who is visually impaired and just 15, has already won numerous awards and will participate in the Youth Olympic Games next year. She is sure to be a force in the Judo world for many, many years. Hyatt lives in San Francisco and Cahill is the founder and CEO of the Blind Judo Foundation.

Another great athlete is Mohamend Lahna who is training for the Rio Olympics in 2016 for the paratriathlon,” Speier continued. “He is from Morocco originally but lives now in San Mateo and trains daily at the College of San Mateo. He runs marathons with a prosthetic leg and has his sights set on winning several medals atworld and Olympic events in the future. Lahna has proximal femoral focal deficiency (PFFD), a birth defect that affects the hip and pelvis. He is married and has a 1-year-old child.

Wikinews also sought comment from other members of Congress, including John K. Delaney, Mike Honda, Kyrsten Sinema, Eric Swalwell, Raúl M. Grijalva and Ann Kirkpatrick but at publication time, had received no response.

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Butter sculpture returns to Canadian National Exhibition

Wednesday, August 24, 2005

After not having the novel attraction of butter sculptures since the mid-1990s, the Canadian National Exhibition has revived the tradition in a limited fashion.

In the past, farming exhibits have displayed elaborate, lifesize sculptures of celebrities, animals, and objects at “the Ex”. Many best recall the sculpture of The Beatles, created in the 1970s.

For their current exhibit however, the sculptures are relatively small. None of the sculptures created as of Sunday, August 21 were over two feet tall, and cramped sculpting facilities did not appear to encourage such larger endeavours. Sculptures included a caricatured cowboy with large pants, a deer, and a woman’s face, neck and shoulders.

The sign promoting the attraction bills the event as Butter Sculpture “Artists” suggesting the organizers question the artistic merit of unusual mediums. Butter sculpture is a popular attraction at many fairs across North America.

The exhibit continues until the end of the CNE on Labour Day, in the Automotive Building’s “Farm, Food and Fun” displays. According to the CNE’s official website, the sculptures are being created by students from the Ontario College of Art.

This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
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At least seven mountaineers die while climbing K2

Sunday, August 3, 2008

At least seven mountaineers have died while climbing K2, the second highest mountain in the world. The accident was reportedly caused by a rock slide or an avalanche that severed all the ropes used for ascent and descent.

Initial reports state that seventeen climbers ascended the mountain in two groups, with both reaching the summit successfully. The reports also state that after the avalanche, some climbers attempted to return without ropes.

The summit was covered in clouds late yesterday afternoon and the conditions in the mountain continued to deteriorate. Some of the latest reports indicate that eight climbers were stuck at the summit, unable to descend. Four of these climbers are Norwegian nationals. The conditions at the summit during night are extreme and offer very limited chances for survival for people unable to descend.

In an unrelated incident, a Serbian climber and his sherpa fell down during the initial descent. This incident was, however, unrelated to the other deaths caused by the avalanche.

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Health Insurance And Online Quotes

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Submitted by: Aishwariya Bhatnagar

The uncertainty of life is unquestionable. No one can predict what is going to come the very next moment. Accidents happen. And so do various illnesses and other health complications. With adequate preparations, facing the implications of these health hazards becomes easier than finding oneself in a soup not only physically, but also financially. Having a robust health insurance is the handiest thing to have during times like these. Not only will it give you the necessary financial support during times of physical distress, it will also save you a lot of mental stress too.

Contrary to popular belief, a health insurance acts as a shield for you in times of any health related ailment. If struck by an accident, a sudden bad illness, or some other severe physical or mental condition, you should always be able to support yourself and your family with the adequate amount of financial security. Having a good health insurance policy sees to it that in times of trouble, you do not have to face any hardships because of financial issues, and you can concentrate on dealing with the real damage caused by the accident, that of your health, or one of your loved ones .

[youtube]http://www.youtube.com/watch?v=N4sdXsCeQ90[/youtube]

Be it an accident, a major operation, a costly diagnostic procedure, a surgery, costly physiotherapy services, a cosmetic surgery, a cardiac surgery or any other such medical hassle that would cause financial burden in your steady life, the array of various Health insurance plans available in the market promise to address most of these problems. Based on your income, needs, and specifications, you can choose between individual health insurance policies, and health policies that cover the expenses for your entire family s major health care expenses. Personalised premium amounts, the comfort of choosing the best suited plan for you and your family, specifications and payment modes, and the mental satisfaction of having your financial security system in place in times of need, what more do you need for an insured, peaceful life, where accidents will never mean financial stress, at least? Of course some people choose to believe that accidents happen rarely and if and only if they do, will there be a need for something concrete. However, these are the people who go through deep financial issues when the suddenness of life shocks them with its unfairness.

For starters, it is always a good idea to conduct a detailed research of the various health insurance policies available in the market. An easy way to go through this procedure is to check out some of the Online Insurance quotes websites. Not only these websites provide you with an easy way to find out which health insurance policy (policies) will be best for you, they give you a detailed plan by plan overview of the different available policies in the market so that you can pick and choose according to your specifications, budgetary constraints and other considerations. So if you are still not through the health insurance procedure, make sure you check one of these sites now, and get going with the procedure. After all, an accident would not wait if it were you!

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Blow out sales prices likely on mattresses as new U.S. fire-resistant standards take effect

Wednesday, June 20, 2007

If you are in the market for new bedding, and not too concerned with the new United States guidelines for mattress fire resistance, now might be a good time to buy. Mattresses sold in the U.S. must meet new federal guidelines for flammability starting on July 1.

The peak heat release rate is limited to 200 kW during a 30 minute test. The total heat release is limited to 15 MJ within the first 10 minutes.”

The flammability of mattress sets sold in the U.S. is subject to a new mandatory federal regulation requirement passed by the Consumer Product Safety Commission (CPSC) on February 16 last year. The requirement, costing mattress manufacturers an estimated $100 million to meet, is scheduled to take effect on July 1. The commission anticipates that the new standards will save 270 lives and 1,330 injuries per year from mattress fires.

“We’ve passed a new open flame regulation and the whole idea behind the regulation is to make sure that if a mattress catches on fire that the fire burns slowly enough that people have enough time to get out of the house and get away,” said Hal Stratton, chairman of the CPSC

Radio and TV advertising spots are reacting to the new regulation by discounting prices on mattresses that fail to meet the new guidelines. Sales made in the mattress industry, like the automobile industry, are highly negotiable on price. The new regulation does not appear to have much “teeth” for mattresses already in the distribution pipeline, but it is a new law that is a bargaining position for potential buyers.

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U.S. Supreme Court eases government ability to seize property

Friday, June 24, 2005

In a major decision, the Supreme Court of the United States has expanded the right of government to seize private property for public good by allowing the city of New London, Connecticut to invoke eminent domain and seize homeowners’ property for economic development reasons.

In a closely-divided decision, 5–4, the court determined that the city’s economic development plan constituted a “public use”, and therefore qualified under the U.S. Constitution’s fifth amendment’s Eminent Domain clause.

Justice John Paul Stevens wrote the majority decision, and was joined by Justices David H. Souter, Ruth Bader Ginsburg, Stephen G. Breyer and Anthony Kennedy. “Promoting economic development is a traditional and long accepted function of government,” Stevens wrote, and justified the decision further by saying municipal authorities are better positioned to make decisions regarding a community’s best interests than judges.

Writing the dissenting opinion, Justice Sandra Day O’Connor rejected the economic justification as a public use, pointing out that wealthy individuals are more capable of defending themselves and so are less at risk. But the greatest issue was the likelihood of abuse of eminent domain:

“The specter of condemnation hangs over all property. Nothing is to prevent the state from replacing any Motel 6 with a Ritz-Carlton, any home with a shopping mall or any farm with a factory.” A separate dissent was also included written by Justice Clarence Thomas.

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GSK rejects three Unilever bids to buy consumer healthcare arm, says unit was “fundamentally undervalued”

Sunday, January 16, 2022

United Kingdom-based pharmaceutical giant GlaxoSmithKline (GSK) confirmed January 15 it had rejected three “unsolicited, conditional and non-binding proposals” by Unilever to acquire its Consumer Healthcare division, including one bid of GBP50 billion in value made on December 20, believing Unilever “fundamentally undervalued” the business and its potential.

News that Unilever attempted to buy GSK Consumer Healthcare for 50 billion pounds, split between GBP41.7 billion in cash and 8.3 billion in Unilever shares, was first reported by The Sunday Times, and subsequently confirmed by both companies. Had the latest acquisition offer gone through, it would have been the largest deal since the beginning of the Covid-19 pandemic, and one of the biggest ever among companies listed on the London Stock Exchange.

A deal would likely mean integrating the GSK division into Unilever’s own beauty and personal care business, which has seen profit margins struggle under Covid-19 lockdowns and higher costs for plastics and petrochemicals.

A brief response on the Unilever website confirmed it “had approached GSK and Pfizer about a potential acquisition”, and adds GSK Consumer Healthcare “would be a strong strategic fit” as the company looks to rework its portfolio. GSK indicated the proposals were “carefully evaluated” by its board of directors, but unanimously rejected under the conclusion they “were not in the best interests of GSK shareholders” and “failed to reflect the intrinsic value of the business and its potential”.

The Sunday Times have indicated the latest deal did not include an acquisition premium or recognition of corporate synergies; the joint venture between GSK and healthcare firm Pfizer, which holds a minority stake in the company, was initially projected to generate GBP500 million in cost savings by this year and realise “substantial cost synergies”. The BBC’s business editor Simon Jack wrote that a standard takeover premium would be about 30%, but could be reduced over the GBP10 billion in debt GSK was predicted to “leave on the books”, of the GBP22 billion net debt GSK reported for Q3 2021.

The deals were assessed by the Board respective of a proposed demerger of GSK Consumer Health into a separate PLC in the middle of this year. Jack wrote GSK “always” had “an open mind to a trade sale to another party if the price was right.” Unilever did not take into account the standard takeover premium, the value of cost savings and Board confidence Consumer Health could deliver “superior organic sales growth” of between four and six per cent in the medium term. This was despite valuations of about GBP50 billion by Goldman Sachs and Barclays analysts, and a lower GBP45 billion valuation by Jeffries Group.

There are no current talks between Unilever and either Pfizer or GSK, and the Unilever statement reads: “There can be no certainty that any agreement will be reached.” Under CEO Alan Jope, Unilever has focused its investments and marketing on brands which “communicate a strong environmental or social purpose” by streamlining its holdings in items like beauty products and tea. Jope previously said Unilever would concentrate on smaller takeovers in industries like luxury beauty and wellness.

However, Russ Mould, investment director at AJ Bell, told the BBC this would be a “high risk deal” at a time investors are cautious about GSK’s performance, but also a time of rising inflation he says encourages “consumer goods with loyal customers”. Mould added despite strong cashflow, Unilever had recently missed targets on sales and profit margins, putting pressure on the CEO.

Pressure by activist shareholders Elliott Management Corporation and Bluebell Capital Partners have also mounted against GSK CEO Emma Walmsley over the unit’s failure to develop a Covid-19 vaccine and Walmsley’s own lack of scientific experience. GSK has been involved in the ongoing development of a Covid-19 vaccine with French biopharmaceutical company Sanofi, and announced preliminary results from Phase 3 trials last month.

In 2018, Unilever bought several consumer nutritional products from GSK, including its flagship product Horlicks, and merged its Indian subsidiary, Hindustan Unilever, with GSK Consumer Healthcare India.

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Apply Online For Certified Nursing Assistant Course

The dream of making a career as a nurse deserves a lot from the communities you are going to serve through nursing. Today, there is a vast advancement in medical treatment as the modern health care equipment and accessories are soothing the works of nurses. Thus, a nursing aspirant must be able to work in traditional, conventional, and modern hospitals, clinics, labs, research programs, and registered health care centers. Here, you need to be certified as Certified Nursing Assistant from a recognized institution like Philadelphia Academy for Nurse Aide Training or PANAT Inc.

It will help you to seek employment and a better salary as you have professional certification apart from your basic nursing diploma or degree. It is advisable to apply online by searching the web for CNA Training near me by reading reviews on CAN certification and training.

The Best Certified Nursing Assistant Training in Philadelphia

The nursing aspirants from Philadelphia are blessed to have PANAT Inc. It is registered with the Pennsylvania Department of Education Pennsylvania Bureau of Career and Technical Education and Nurse Aide Training Section. Thus, people who wish to become a nurse can find the best training center in Philadelphia itself.

When you search for nursing assistant training near me, you can find PANAT Inc. on the top of search engine pages. Thus, it is the right place to land and get professional training and certification. You have to apply online and be selected based on your nursing qualification and other credentials. This institution follows the best practices in health care training and certification. Thus, all students are equally treated to get the best out of their professional nursing teachers.

They give 4-weeks of training, which will take 135 hours of classroom and practical training. They have qualified and experienced nursing tutors. You will undergo certification and training program in state-of-the-art classrooms and labs. The classes are in day hours only. After successful completion of this course, you will be certified as Diploma in Nurse Aide Training. It will enable you to be registered with the Pennsylvania Department of Health Nurse Aide Registry. Thus, PANAT Inc has many contributions to nursing aspirants to get a nurse job in Federal Health Care Hospitals, specialty hospitals, modern labs, research centers, and clinics.

The internet search for nursing assistant training near me is increasing as the nursing aspirants wish to get proper training and certification from a reputed institution like PANAT Inc. Your CAN certification is valid and will be accepted to take a nurse job with your desired hospital or clinic. The top health care service providers will hire you as you have gone for a competency test. Hence, make your nursing dream come true by getting a valid and Certified Nursing Assistant or CNA.

Rapper Kanye West denounces Bush response, American media at hurricane relief telethon

Saturday, September 3, 2005

Grammy award-winning rapper/producer Kanye West appeared on a live on-air telethon simulcast on NBC, MSNBC, CNBC and PAX for Hurricane Katrina victims. Live on air, West said “George Bush doesn’t care about black people,” after saying “America is set up to help the poor, the black people, the less well-off as slow as possible.” He also said “the Red Cross is doing everything they can,” and stated that he was going to see what the maximum amount of money he can donate is. West criticized government authorities and stated that “They’ve given them permission to go down and shoot us.”

West first deviated from the script he and comedian Mike Myers were using by commenting on the recent uproar over differently captioned photos for black and white people in the aftermath of the hurricane: “I hate the way they portray us in the media. If you see a black family, it says they’re looting. See a white family, it says they’re looking for food.”

Though a several-second delay was in place, the comments were let through uncensored on the EST live broadcast as the person in charge “was instructed to listen for a curse word, and didn’t realize he had gone off-script,” according to an NBC spokeswoman.

NBC has released a statement after the broadcast: “Tonight’s telecast was a live television event wrought with emotion. Kanye West departed from the scripted comments that were prepared for him, and his opinions in no way represent the views of the networks. It would be most unfortunate if the efforts of the artists who participated tonight and the generosity of millions of Americans who are helping those in need are overshadowed by one person’s opinion.”

The sponsor of the event, the American Red Cross, also issued a statement on the telethon, stating: “During the telecast, a controversial comment was made by one of the celebrities. We would like the American public to know that our support is unwavering, regardless of political circumstances. We are a neutral and impartial organization, and support disaster victims across the country regardless of race, class, color or creed.”

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