Special Projects – Twenty Years Together

The economic program of the first acting and then President Vladimir Putin was then extremely worried by most analysts. As such, there was no economic election program; in the Address to Voters, the topic of the economy was practically ignored (except for the fight against poverty). Throughout 2000 and at the beginning of 2001, the rumors about what would be the “Putin program” did not stop.

In particular, there was a discussion about whether the new president would prefer the liberal “German Gref program” from the Center for Strategic Research or the “Victor Ishaev program” – a protectionist development of a group of economists of the Russian Academy of Sciences. Formally, the choice was not made. The government of Mikhail Kasyanov, which included German Gref (in the status of minister) and Alexei Kudrin (deputy prime minister and minister of finance), implemented the first option, plus the achievements of the assistant to the president Andrei Illarionov.

It is possible to reconstruct Putin’s actual economic program for 2000-2001 according to the then fundamental decisions of the government and the president. In the tax sphere, this is a reduction in the level of nominal taxation from 60–65% of GDP to 40–45%, repayment of external debt (including the Paris Club), joining the World Trade Organization, a deficit-free budget, lowering the Bank of Russia refinancing rate and the fight against inflation, the creation of a mechanism for maintaining federal budget revenues to smooth out oil price fluctuations (stabilization fund).

In addition, the government was then loyal to the idea of ​​gradually strengthening the ruble (from 32 rubles / $ in 2000 to 10 rubles / $) and abandoning the control of capital flows (one of the first important actions in 2000 was to reduce the rate of sale foreign exchange earnings from 75% to 50%, the Central Bank insisted on 100%).

Solutions for the industrial sector include the consolidation of the public sector, the active attraction of direct foreign investment, the reform of the energy system, the privatization of railways and parts of oil assets, the strengthening of Gazprom’s business and the construction of a pipeline system bypassing Ukraine.

The ultimate goal of the program was to achieve rates of economic growth above 4% of GDP in order to increase real disposable incomes of the population, reduce the number of poor and create a middle class.

Poverty rate

The longest announced in this unofficial and mostly liberal plan was the reform of RAO UES of Russia – ten years. Almost everything else usually fit in four to five years. Almost everything then claimed was somehow implemented and implemented, but three to four times slower than anticipated.

This is actually the main pattern in the “Putin program” – it cannot be said that any initial plans were canceled (the exception is the privatization of Russian Railways). But their unpredictably slow implementation by the time any effect was achieved already made it possible to forget that this was not a natural course of things, not slow progress, but the implementation of the president’s program. He did not back down from the program. He consistently and steadily carried it out together with the entire economy at a speed that no one had expected at the time of planning.

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Mortgage Portfolio Outflow Prevention – MonitorBase Offers Timely Strategies | State news

CITY OF LAKE SALE, March 11, 2020 / PRNewswire / – The outflow of past customers, in particular those with higher credit and lower LTV, causes significant losses in portfolio valuations or prepayment fees (EPO). Most of the time, lenders have no idea that their past client is on the market until the new borrower lender orders a payment request. At that point, it is too late.

Mortgage lenders are at the mercy of interest rate news. Even though they have provided excellent service by helping their clients make their home ownership dream come true, news of interest rate changes can cause their past customers to interact with offers they will inevitably receive from their bank or credit union via and -mail, social media and direct mail.

To avoid such potential losses, mortgage lenders need an early warning system to communicate when they interact with their previous clients. before order a payment request. Find out as soon as they purchase a purchase or refinance and bring the customer back before someone else gets a chance.

“We have seen a 200% increase in application activity in our lenders’ portfolios in the past two weeks and over 3,000 past customers are returning to the market every day. Our platform is helping these lenders pass them on and offers they have an opportunity to retain many of these past customers, “he says Louis Zitting, CEO of MonitorBase.

“In the current financial climate, we see” low interest rates “popping up in the news every day. Whether that translates to lower mortgage rates in your institution, it is surely an inspiration for borrowers to look into their mortgage options. they are buying right now, leaving lenders vulnerable to portfolio outflow. ”

For many lenders, purchasing activities are their bread and butter and they cannot lose concentration or risk losing relationships with their reference partners. The biggest problem with the outflow of the portfolio is not only the fear of losing the refinancing volume, but without an effort to retain its customers, the higher credit and the lower LTV borrower will run away because they can. Borrowers with credit problems or LTV will remain. High credit borrowers are refinancing from an FHA loan to a conventional loan to lower their rate and drop their mortgage insurance. These are the same borrowers that lenders need to maintain to maintain the overall quality of credit in their portfolios.

MonitorBase, founded in 2007, is a previous outflow prevention solution for the maintenance of lenders, correspondent lenders and brokers. MonitorBase uses pre-selected credit information and other behavioral data attributes to determine when credit-qualified past customers returned to the market to purchase or refinance a home.

This offers mortgage lenders the tools that big banks have always had to maintain the overall quality of their portfolio. Together with an early warning system, lenders should have a plan to interact quickly with these customers. When lenders get a volume increase due to low interest rates, many don’t have the time to focus on retaining their previous customers.

The lender has more to lose than the sender. We suggest setting up a corporate team level backup plan to interact with previous customers and answer missed calls.

Media contact:
Louis Zitting
Telephone: 888.795.6575
Email: lzitting@monitorbase.com

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Insurance Commissioner Matt Rosendale advises Montana to purchase flood insurance | ABC Fox Great Falls

LARGE FALLS – Insurance Commissioner Matt Rosendale is currently warning Montanan to prepare for spring floods by purchasing flood insurance before it’s too late. Many people were affected by the recent Choteau flood, but were only grateful that their homes had not been affected like others.

Polly Cunningham, residing in Choteau, says “It wasn’t affected at all because we only have two bases where nothing but mud exists, so when we got the water there it ran out after a while and it didn’t affect us, and it never put the house at risk same. “

Although the water levels along the river bank seem non-threatening, Arin Peters, who is the Senior Service Hydrologist, has this to say. “If you live in an area that is prone to flooding, it is always important to make sure that you have your flood policy because these policies take 30 days to get started, so now would be the time to buy them and put them in place before the start of the runoff and before the spring flood is a concern. “

According to Matt Rosendale’s office, the flood is the number one natural disaster in the United States, which is why it should be taken seriously.

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