26 Nov

Sindhu reaches quarterfinals of India Open Super Series

first_imgBy Amit Kumar Das New Delhi, Mar 31 (PTI) Two-time World Championship bronze medallist P V Sindhu eked out a hard-fought three-game win over Thailands Busanan Ongbumrungphan to enter the quarterfinals of the USD 300,000 Yonex-Sunrise India Open Super Series badminton tournament here today. Sindhu was a little circumspect during the match and committed a few unforced errors before surpassing Busanan 17-21 21-19 21-16 in a womens singles match that lasted an hour and 16 minutes here at the Siri Fort Sports Complex. Among other Indians, Manu Attri and B Sumeeth Reddy suffered a 19-21 12-21 loss to Chinese Taipeis Chen Hung Ling and Chi-Lin Wang, while Jishnu Sanyal and Shivam Sharma lost 17-21 15-21 to Chinese Taipeis Lee Sheng Mu and Tsai Chia Hsin in another mens doubles match. “It was a close match and it is good to have a tough opponent early in the tournament because it helps you to adjust with the conditions. I was playing her after a long time and I made lot of unforced errors. I was leading and then giving away points. Even some line judgements were not right. I am happy to win and hope to play better tomorrow,” Sindhu told reporters. After losing the opening match, Sindhu changed gears and nosed ahead to a slender 11-9 lead in the second game. From 14-11, the Thai girl started catching up with Sindhu after the Indian failed to connect a few strokes. One such miscued shot at the net took Busanan to 14-14 and she soon grabbed a couple more to have a 16-14 advantage. The Indian came up with a couple of smashes to draw parity at 17-17. With Busanan finding the net and hitting wide, Sindhu took a two-point lead at 20-18. The Indian hit one at the net but roared back into contest when her rival found the net. In the decider, Sindhu lagged 0-4 early on but she managed to grab six consecutive points to march ahead to a 6-4 lead. The Indian stretched the lead to 10-7 but blew it away with Busanan entering the break with a 11-10 lead. After the interval, Sindhu started dominating the proceedings and grabbed an 18-15 lead before another wide shot broke the rhythm. A fierce rally then ended with an unforced error from the Thai player. Sindhu then grabbed the next two points when Busanan failed to connect a couple of strokes at the forecourt. (MORE) PTI ATK CM CMadvertisementlast_img read more

15 Aug

Freddie Mac Refinance Activity Boosts in First Quarter

first_img Freddie Mac HARP Home Affordable Refinance Program Mortgage Refinances 2015-05-01 Seth Welborn in Daily Dose, Headlines, News, Secondary Market May 1, 2015 434 Views Sharecenter_img Freddie Mac: Refinance Activity Boosts in First Quarter This week, Freddie Mac released the results of its Quarterly Refinance Analysis for the first quarter of this year, revealing that borrowers lowered their monthly mortgage payment and shortened their long-term payment by taking advantage unexpectedly low mortgage rates. Refinance activity accounted for 63 percent of all single-family originations.According to Freddie Mac, approximately 27 percent of borrowers increased their loan amount when refinancing, either by cashing out equity or consolidating loans, versus 29 percent from last quarter, 17 percent from the same time last year and well below the peak of 89 percent in 2006.”Many homeowners took advantage of low mortgage rates by refinancing in the first quarter of 2015,” said Len Kiefer, Freddie Mac Deputy Chief Economist. “Relatively younger loans refinanced as the median age of a refinanced loan declined to 5.6 years, down from 6.8 years in the prior quarter.”Thirty-four percent of borrowers who refinanced during the first quarter of 2015, shortened their loan term, down slightly from the previous quarter. Of eligible borrowers who used the Home Affordable Refinance Program (HARP), 36 percent shortened their term. More than one-third of HARP borrowers shortened their term over the past four quarters.“Refinance borrowers are primarily looking to reduce payments and pay down principal faster,” Keifer said. “We estimate that borrowers who refinanced in the first quarter will save on net more than $1.4 billion in interest payments over the first 12 months of their new loan. Nearly a third of borrowers who refinanced shortened their loan term.”Quarterly Refinance Facts:The net dollars of home equity converted to cash as part of a refinance remained low compared to historical volumes. In the first quarter, an estimated $7.7 billion in net home equity was cashed out during a refinance of conventional prime-credit home mortgages, down from the revised $7.6 billion the previous quarter in 2014 dollars.The average interest rate reduction in the first quarter was about 1.2 percentage points—a reduction of about 24 percent.About 73 percent of those who refinanced their first-lien home mortgage maintained about the same loan amount or lowered their principal balance by paying in additional money at the closing table, about the same as last quarter.More than 95 percent of refinancing borrowers chose a fixed-rate loan. Fixed-rate loans were preferred regardless of what the original loan product had been.For all other (non-HARP) refinances during the fourth quarter, the median property value was up 5 percent between the dates of placement of the old loan and the new refinance loan. The prior loan had a median age of 5.6 years down from 6.8 years in the fourth quarter of 2014.See the full report at FreddieMac.com/Finance.last_img read more