Rain or Shine dumps Alaska in Hontiveros, dela Cruz farewell

first_imgPBA IMAGESANTIPOLO—Rain or Shine put a damper on a couple of retirements after thrashing Alaska, 112-82, in the 2017 PBA Governors’ Cup Wednesday at Ynares Sports Center here.The Elasto Painters improved to 6-4 to strengthened their bid for the fourth spot in the standings while the Aces, who saw Dondon Hontiveros and Tony Dela Cruz play their final games, ended their season with a 3-8 card.ADVERTISEMENT Margot Robbie talks about filming ‘Bombshell’s’ disturbing sexual harassment scene Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio 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 respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award View comments Rain or Shine broke the game wide open with a big second quarter run and a definitive 15-0 run to start the fourth capped by a jumper by Ronnie Matias for a 98-61 lead made sure Alaska stayed down for the count. “I just told the players that we will go up against Alaska and that they should play that they want to win,” said ROS head coach Caloy Garcia.FEATURED STORIESSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’SPORTSFederer blasts lack of communication on Australian Open smog“We’re lucky that (Sonny) Thoss, Calvin (Abueva), and (Chris) Banchero didn’t play today but I still told my team to play at a hundred percent.”J’Nathan Bullock topscored for the Elasto Painters with 14 points while Chris Tiu filled up the stat sheets with nine points, eight rebounds, five assists, and two steals.  LaDontae Henton put up a game-high 20 points to lead Alaska.Sports Related Videospowered by AdSparcRead Next It’s too early to present Duterte’s ‘legacy’ – Lacson Mos Burger to open in Manila; teases with a pop-up In ‘Jojo Rabbit,’ Comedy and Drama Collide How to help the Taal evacueescenter_img Don’t miss out on the latest news and information. LATEST STORIES OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson DAY6 is for everybody Jake says relationship with Shaina ‘goes beyond physical attraction’ Steam emission over Taal’s main crater ‘steady’ for past 24 hours Michael Jordan’s advice to newly-acquired Dwight Howard: ‘Play determined’ MOST READlast_img read more

Folayang, Khan dispute vacant ONE lightweight title in Manila

first_imgEduard Folayang. Photo by Tristan Tamayo/INQUIRER.netA new ONE lightweight champion will be crowned not long after the title was vacated by Martin Nguyen several days ago.ONE chairman and CEO Chatri Sityodtong on Monday announced that Filipino MMA star Eduard Folayang and Singaporean knockout artist Amir Khan will dispute the belt at ONE: Conquest of Champions on November 23 at Mall of Asia Arena.ADVERTISEMENT Tim Cone, Ginebra set their sights on elusive All-Filipino crown Nadine Lustre’s phone stolen in Brazil Sports Related Videospowered by AdSparcRead Next Will you be the first P16 Billion Powerball jackpot winner from the Philippines? Trending Articles PLAY LIST 00:50Trending Articles02:18Alvarez ready to take risk vs Folayang, looks to end clash by ‘knockout or submission’03:47PH’s Charly Suarez boxing lightweight final (HIGHLIGHTS)02:14Carpio 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 respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Allen Durham still determined to help Meralco win 1st PBA title Japeth Aguilar embraces role, gets rewarded with Finals MVP plum LATEST STORIES Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew The 23-year-old Khan, who has won eight of his last fights, eyes history for Singapore as he hopes to become the country’s first homegrown world champion in his first title fight.“Amir wants to become Singapore’s first homegrown World Champion in history, and stamp his legacy as the greatest Singaporean martial artist the world has ever seen.” said Sityodtong said of Khan, who beat Filipino Honorio Banario via submission earlier this month.Sityodtong also said whoever wins between Folayang and Khan will defend the lightweight strap against the victor of the Shinya Aoki and Ev Ting showdown at ONE: Kingdom of Heroes on Saturday in Bangkok, Thailand.“Barring any injuries or unforeseen circumstances, I fully expect the winner between Ev and Shinya to face the winner between Eduard and Amir in Tokyo.” Sityodtong said.  “Without a doubt, it is super exciting times for this incredibly stacked division. Hold your breath though. I am going to announce more explosive news soon. Stay tuned.”ADVERTISEMENT Gov’t to employ 6,000 displaced by Taal PSC to ‘fast-track’ rehab of athletes’ dorms after death of wushu junior Daraliay MOST READ “I am excited to announce that Eduard ‘Landslide’ Folayang and Amir Khan will face each other for the ONE Lightweight World Championship on November 23 in Manila,” Sityodtong wrote on his Facebook account. “The stakes could not be any higher for both warriors in what will be the biggest fight of their careers.”The 33-year-old Folayang earned his shot to reclaim the crown he yielded when got knocked out cold in the second round by Nguyen in November last year after scoring a pair of impressive decision wins over previously undefeated Russian fighters Aziz Pahrudinov and Kharun Atlangeriev.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back Chriss“Eduard wants to reclaim his title and go down as the greatest Filipino martial artist in history.” Sityodtong said.But Folayang’s road back to the top will have to go through a dangerous foe in Khan. Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Don’t miss out on the latest news and information. View commentslast_img read more

Ocwens Rating Knocked Down Again

first_img Morningstar Ocwen 2015-02-09 Seth Welborn February 9, 2015 494 Views Ongoing regulatory scrutiny along with allegations of servicing violations have resulted in the removal of Ocwen Financial from Morningstar Credit Ratings’ Alert and the lowering of the Atlanta-based servicer’s operational risk assessment rankings, according to an announcement from Morningstar on Friday.New York-based Morningstar’s announcement came just one day after Ocwen CEO Ron Faris told his company’s stakeholders that he expected Ocwen’s earnings in Q4 to take a hit based on mounting regulatory pressures, expenses, and a ratings downgrade by Fitch Ratings earlier in the week.Ocwen’s four operational risk assessment rankings as determined by Morningstar were all lowered: Ocwen Loan Servicing’s residential non-prime servicer, residential prime servicer, and residential special servicer rankings were all lowered from “MOR RS3″ don to MOR RS2” while Ocwen Financial Solutions Pvt. Ltd.’s residential vendor ranking was dropped from “MOR RV3” down to “MOR RV2.””The forecast for all four rankings is Negative,” Morningstar said in the announcement. “Morningstar believes continuing regulatory scrutiny, litigation by mortgage bond investors, the increasing cost and associated liquidity pressures of servicing loans amid several regulatory settlements, and management and staff departures could have further negative consequences to OFC’s residential mortgage servicing business. Morningstar will continue to monitor developments as they occur.”The rankings were originally placed on Alert in December 2014 after the announcement that Ocwen had reached a $150 million settlement with the New York Department of Financial Services to settle claims of mortgage servicing violations and issues related to corporate governance. The settlement was announced following a two-year investigation by the New York DFS and the terms also included the departure of Ocwen’s Chairman Bill Erbey in January. Erbey founded Ocwen in the mid-1980s.On January 23, 2015, Ocwen settled with the California Department of Business Oversight for $2.5 million to resolve claims of non-compliance with regards to mortgage servicing practices. As part of that settlement, Ocwen will be subject to third-party compliance review and will require regulatory approval for acquisition of any additional loan servicing rights in California. The same day that settlement was announced, a group of major investors issued a note accusing Ocwen of failing to collect payments on $82 billion worth of home loans. Ocwen fired back at the investors, calling the claims “baseless” and accusing the investors of pushing homeowners into foreclosure.According to Morningstar’s announcement, Ocwen serviced a portfolio of more than 972,000 non-prime residential loans with an aggregate unpaid balance (UPB) of about $167 billion, as of June 30, 2014. Ocwen’s residential mortgage special servicing portfolio consisted of 4,613 loans with an aggregate UPB of about $1.1 billion, and the company’s prime residential mortgage servicing portfolio was made up of approximately 1.1 billion loans with about $191 billion in aggregate UPB. in Daily Dose, Headlines, News, Servicingcenter_img Ocwen’s Rating Knocked Down Again Sharelast_img read more