AS a dozen scantily clad Brazilian Samba dancers gyrated on to the stage, rocking peacock-style headdresses and glittery thongs, Usain Bolt was not about to be intimidated or upstaged.Instead, the world 100 and 200 metres record holder hoisted his arms in the air and began moving to the Samba beats, delighting hundreds of journalists and photographers seeking a little sparkle to light up the Rio Games.The contrast to every other press conference at the Rio Olympics was stark, showing once again that very few people on the planet transcend sport or command the world’s attention in the way Bolt does.Yet the scale of media interest in the 29-year-old has soared to new heights at Rio. More than 530 media members registered to attend the Jamaica team press conference on Monday, according to sportswear company Puma, Jamaica’s team sponsor.“Guys like Usain happen once every several generations. You cannot expect to hit the jackpot every four years,” Carlos Laje, the Latin America general manager for Puma, told Reuters.Laje said Bolt had a knack of producing “once in a lifetime moments in history”, and drew comparisons with Argentine soccer legend Diego Maradona, who delighted fans across the globe with his virtuoso performances at the 1986 World Cup in Mexico.“You’ve got to clap louder than that,” Bolt cheekily told journalists as he walked on to the stage. “That was weak.”In the end, Jamaica’s team conference morphed into an event focused on Bolt. Other athletes wheeled out to meet the press were mostly peppered with questions about what it is like to live, train and be inspired by the greatest ever sprinter.“I don’t have a question, I just want to say ‘I love you,’” blurted out one Norwegian.The journalist proceeded to serenade Bolt, rapping an ode to him in a Jamaican accent. Bolt demanded an encore so he could film it on his phone.Moments later a Japanese TV personality, Teruhide Takahashi, thanked Bolt for an impromptu gift he had received ahead of the press conference: a pair of signed Puma shoes that Bolt wore once.“I will treasure these forever,” Takahashi told Reuters, referring to a pair of trainers two sizes too big for him.As journalists from across the world hung to Bolt’s every word and nearly 70 cameras filmed his beaming smile, the sprinter talked about his plans to retire and deprive the Olympics of its biggest star at the 2020 Tokyo Games.Many hoped the Bolt show would go on. Even when the Jamaican said he would miss entertaining people at the Olympics, but not the media, they still laughed. They had been won over a long time ago.
March 7, 2019 911 Views in Data, Headlines, journal, News, Origination, Technology Share Freddie Mac announced that its asset and income modeler (AIM) is now available for self-employed borrowers through Loan Product Advisor, the company’s automated underwriting system (AUS). This is the industry’s only AUS-integrated self-employed income assessment solution. With proprietary technology provided by LoanBeam, AIM for self-employed simplifies underwriting of this borrower segment by automating the lenders’ income calculation process and speeding up the mortgage application process while maintaining strong credit underwriting standards.“There are millions of self-employed workers in the United States and that number is only expected to grow,” said Andy Higginbotham, SVP and COO, Single-Family, Freddie Mac. “Loan Product Advisor’s AIM for self-employed borrowers provides our lenders with a new way to expand their business efficiently. It gives them a competitive edge to help grow their business in a tightening purchase market and gives them confidence they are delivering loans that align with Freddie Mac’s purchase eligibility requirements as captured in Loan Product Advisor.”The U.S. Bureau of Labor Statistics reported that self-employment makes up more than 10 percent of total employment in the United States. This demographic continues to be an important source of jobs for some 15 million people and is expected to grow at the same, or faster rate, than the overall workforce.According to Urban Wire research, in 2007, 80 percent of both salaried and self-employed homebuyers obtained a mortgage loan. As of 2016, 74 percent of salaried homebuyers used a mortgage compared to just 67 percent of self-employed buyers. That’s a 13 percentage point drop for self-employed compared to a 6 percentage point drop for salaried buyers.“Together with Freddie Mac, AIM for self-employed borrowers helps us deliver cutting-edge technology to provide the very best customer experience,” said Kirk Donaldson, LoanBeam’s CEO. “Automating income calculation is a game changer for lenders and their processing staff.”“At Freddie Mac, we’re continuously innovating to better meet our lenders’ needs to cut costs, drive efficiency and deliver a better borrower experience,” added Higginbotham. “AIM for self-employed borrowers is a win for the industry and we’re excited to make it broadly available.” Company News Freddie Mac Self-Employed 2019-03-07 David Wharton Bringing Self-Employed Underwriting Into the Digital Era