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Tiger impressed with how far Trump can hit at 70

first_imgSenators think TWG’s move to axe motorcycle taxi pilot run an act of ‘revenge’ LATEST STORIES “We didn’t have a match and played for fun,” Woods said. “I was testing drivers and fairway woods and changed some settings. I think he enjoyed seeing the difference in shots when you experiment.”Woods has some knowledge about US Presidents and their golf games. The 79-time PGA Tour winner played alongside current US President Barack Obama in February 2013 and has also played alongside two other former US leaders.“I’ve now had the privilege of playing golf with Mr. Trump, George H. W. Bush, Bill Clinton and Barack Obama and I appreciate the opportunity,” Woods said.Woods also recounted how Trump’s “Make America Great Again” slogan was co-opted by the US Ryder Cup team to give him a personal boost during his layoff when he served as assistant captain last September, helping the team beat Europe at Hazeltine to reclaim the trophy.Woods noted every player was wearing a jacket with a red T-shirt underneath.ADVERTISEMENT View comments Palace: Crisis over ABS-CBN franchise unlikely “What most impressed me was how far he hits the ball at 70 years old,” Woods said in a posting on his website blog. “He takes a pretty good lash.”Woods didn’t go into details about conversations with Trump, purportedly a 2.8 handicapper, over the South Florida layout.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSBreak new groundSPORTSMcGregor blasts Cerrone in 40 seconds in UFC return“Our discussion topics were wide-ranging; it was fun,” Woods said. “We both enjoyed the bantering, bickering and needling. I also shared my vision for golf and what I’m trying to do.”Woods made it sound like he didn’t take any money off Trump, who is set to be inaugurated as the 45th US President on January 20. ‘Old school work ethic’ pays off for immaculate Federer Don’t miss out on the latest news and information. Super Bowl a tossup at legal sports books Motorcycle taxis ‘illegal’ starting next week — LTFRB board member Filipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite Senators think TWG’s move to axe motorcycle taxi pilot run an act of ‘revenge’ MOST READ 15-year-old Gauff stuns Venus anew in first round Marcos monument beside Aquino’s stirs Tarlac town “They all stood, unzipped the front, and the T-shirt read, ‘MAKE TIGER GREAT AGAIN,’” Woods said.Sports Related Videospowered by AdSparcRead Next Tiger Woods of the United States hits his tee shot on the 13th hole during the final round of the Hero World Challenge at Albany, The Bahamas on December 4, 2016 in Nassau, Bahamas. Christian Petersen/Getty Images/AFPTiger Woods said Thursday he was impressed with how far US President-elect Donald Trump can hit a golf ball at age 70 in his first public comments about the December 23 round.The two played at Trump International Golf Club in West Palm Beach about three weeks after Woods, a 14-time major champion and former world number one, made his comeback from a 16-month layoff following back surgery.ADVERTISEMENT WATCH: NBA mascot spoofs Mariah Carey’s ‘failed’ performance Rodgers again falls short of another Super Bowl stintlast_img read more

Regulators Optimistic on Finalizing Risk Retention Rule

first_img in Daily Dose, Featured, Government, Headlines, News, Origination, Secondary Market Regulators Optimistic on Finalizing Risk Retention Rule Financial regulators said Tuesday they hope to finish their work on a rule aimed at tightening mortgage standards and reducing risk by the end of this year.In a Senate Banking Committee hearing, FDIC chair Martin Gruenberg said his agency and others are “in the end game” of their work on a rule that would require mortgage-backed securities (MBS) issuers to hold a stake on packaged loans that don’t meet certain exemption requirements.”I would hope, without making predictions, that we could complete that rulemaking by the end of the year,” Gruenberg told the committee Tuesday.Federal Reserve governor Daniel Tarullo echoed Gruenberg’s statement, though he was less concrete on a timeline: “I don’t know whether I’d say by the end of the year, but I think we’re definitely in the home stretch.”As it was proposed in 2011, the rule originally called for securities issuers to hold on to 5 percent of a mortgage’s risk after selling it unless the borrower made a 20 percent down payment.In response to industry concerns about access to homeownership, regulators have since loosened those standards to remove the down payment requirement, instead creating a parallel to the Consumer Financial Protection Bureau’s qualified mortgage definition and granting exemptions to qualified loans.If released this year, the finalized rule would achieve what former congressman Barney Frank said was the most important provision of 2010’s Dodd-Frank Act: a requirement that mortgage lenders keep some “skin in the game” rather than passing off risky loans.It would also be a step forward for the Dodd-Frank Act itself. As of July, analysts estimate only 52 percent of the required rulemakings set forth in the act have been finalized, with an additional 24 percent still yet to be proposed. September 9, 2014 536 Views center_img FDIC Federal Reserve QRM Qualified Mortgage Risk Retention Senate Banking Committee 2014-09-09 Tory Barringer Sharelast_img read more