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MBA Testifies at Congressional Field Hearing in Ohio During a recent U.S. House of Representatives Financial Services Committee field hearing on Wednesday, Michael Fratantoni, senior director for single-family research and economics at the Mortgage Bankers Association (MBA) delivered testimony on the causes and trends in mortgage delinquencies and foreclosures. The field hearing was organized by Ohio Congresswoman Stephanie Tubbs Jones, along with Reps. Steven LaTourette and Dennis Kucinich to address the states growing number of foreclosures. Though currently low, delinquency and foreclosure rates varied across the country in the first quarter of 2006, said Fratantoni. More specifically, the Midwest has maintained the

A second year Post-Graduate student at the Indian Institute of Management in Ahmedabad to have landed a flying flat sewing U.S. $ 1.85000 Search for a job overseas - the highest ever in a certain IIM up 'here. The first day of the course, this process began on Wednesday. And the national wage is also a new record with an offer of Rs 20 lakh. The offer overseas by residents in the United Kingdom, an investment bank, Barclays, is much higher than the record year of 1.52000 U.S. dollar content of HSBC, London, bags from a other IIM-A Grad On the domestic front,

Abhigya Kushwaha, a student of LLB (H), Guru Gobind Singh Indraprastha University, has created a new national record by clocking one hour 18 mts and five seconds bettering the previous record of one hour 20 mts 45 seconds. He created this record in the 10-kilometers 2nd National Long Distance Ganga River Swimming championship. Khuswaha beat 40 swimmers from across the country to claim the first position.

A report has suggested that it is likely that British students considering taking MBA courses in the UK will find it increasingly hard to find loans to cover the cost of their post-graduate studies. According to a report in the Financial Times, the appeal of MBA courses in the US had recently been increasing among British students, thanks to the weak dollar. However, the paper has now learnt that the credit crunch has dramatically reduced the number of student loans available for those considering such post-graduate courses. It pointed to research carried out by the National Association of Student Financial Aid Administrators that

Keeping pace with industry dynamics Come December, students at the Singapore and Dubai campuses of the S.P. Jain Center of Management will swap classrooms for the next six months. The B-schools global MBA programme facilitates an arrangement under which students pursuing the one-year course will spend six months at the Singapore campus and six months at the Dubai campus. The course will begin simultaneously at both campuses. After the commoditisation of MBA programmes, it has become important for B-schools to differentiate themselves. And they have to keep pace with the dynamics of the industry, said Nitish Jain, president of the

S&P: Wells Fargos Servicer Ratings Hold Steady Standard & Poors today affirmed the servicer evaluation ratings for Wells Fargo Home Mortgage. WFHM was affirmed at a level of strong for residential mortgage servicing and residential mortgage subprime servicing, while the ranking of above average was affirmed for the companys for residential mortgage special servicing operations. According to S&P, delinquency statistics at Wells Fargo remain better than those reported by the MBA, and metrics provided by the company through Standard & Poors proprietary SEAM questionnaire indicate that Wells Fargo is a highly efficient servicer when compared with relevant industry peers. In particular, the S&P

NHEMA to Merge with MBA Last week, the National Home Equity Mortgage Association (NHEMA) Board of Directors voted unanimously to merge with the Mortgage Bankers Association (MBA). The MBA Board had previously approved the concept of the merger. NHEMA represents the nonprime mortgage lending industry and is comprised of 220 mortgage lenders accounting for 80 percent of outstanding nonprime mortgage loans. This merger is a natural progression for NHEMA and MBA which will further strengthen the mortgage lending industry as a whole. This merger has been in development for several months and we would be thrilled to see NHEMA become

IIFT to start two-yr MBA course in foreign biz in city Encouraged by the recent pace of economic development in West Bengal and the flourishing trade relations between the East and India, The Indian Institute of Foreign Trade has decided to offer its two-year MBA course in international business to students in Kolkata. Prabir Sengupta, director, IIFT, revealed that the establishment of a centre in Kolkata had been approved by the 10th five-year plan. The institute at present occupies three floors of a building at Salt Lake but has been allotted a seven-acre plot of land near the E M Bypass

BANGALORE: Singapore's wait for his own IIM is better than ever. At its first meeting after the resumption as the new chairman of the Board of Governors, Indian Institute of Management, Bangalore (IIM-B), Mukesh Ambani, the Institute will review the proposal to impress the HRD ministry the benefits of Zufließt IIM-B, and for the country. With the Ministry of HRD delayed the approval of the Institute campus of Singapore, Reliance Industries MD presented two proposals. One of the proposed revisions to ensure that Singapore operations are well integrated with the vision of the Institute and in compliance with the national objectives. In response

It might be a surprise, but also management experts to assume that this is not mediation, and academics, who are often a student of a Business School. There is evidence that most B schools are now fairly well positioning training agencies. Symbiosis College of Management and Human Resource Development (SCMHRD) is one of the best B-schools in the city. The Institute has placed 100 percent record for the past five years. , Declares Professor MS Pillai, the director, SCMHRD, "This year we have 243 students who have some sort of record for the maximum number of students, a Bschool to

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