Treasury: Recap and Release Not Happening

first_img  Print This Post Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. February 25, 2016 3,362 Views in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Conservatorship Fannie Mae FHFA Freddie Mac Recap and Release Treasury 2016-02-25 Brian Honea Demand Propels Home Prices Upward 2 days ago Tagged with: Conservatorship Fannie Mae FHFA Freddie Mac Recap and Release Treasury Home / Daily Dose / Treasury: Recap and Release Not Happening Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Share Save Despite some speculation within the mortgage industry that a speech on February 18 in which FHFA Director Mel Watt expressed concern over the GSEs’ impending zero capital buffer, Treasury put to rest the notion that a policy change is on the horizon.Treasury counselor Antonio Weiss made it clear in October that a so-called “recap and release” for Fannie Mae and Freddie Mac, or a recapitalization and subsequent release from the FHFA’s conservatorship, was not imminent and would definitely not happen during the Obama Adminstration. Weiss contended that “The default must not be a return to a model that failed. . .we owe it to the American people to create the housing finance system they deserve.”In response to Watt’s speech and in particular to speculation about a potential policy change, a Treasury spokesperson told DS News in an email, “Taxpayers injected $188 billion into the GSEs to stabilize the housing market and lay the groundwork for our economic recovery. Director Watt’s remarks underscore the Administration’s consistent position regarding the GSEs’ conservatorship:  the best long-term solution is comprehensive housing finance reform. Until then, Fannie Mae and Freddie Mac will continue to rely on the $258 billion of taxpayer provided support to sustain market confidence.”Watt said in his speech at the Bipartisan Center in Washington, D.C., on February 18 that there were certain substantial risks and challenges associated with managing the conservatorship, which were “certain to escalate” as the conservatorship, now in its eighth year, continues. One of those risks was the capital buffer of Fannie Mae and Freddie Mac, which is required by the government to be reduced to zero by January 1, 2018. Watt said with Fannie Mae and Freddie Mac holding zero capital, a disruption in the housing market could result in the GSEs needing another draw on Treasury.“Director Watt’s remarks underscore the Administration’s consistent position regarding the GSEs’ conservatorship: the best long-term solution is comprehensive housing finance reform.”TreasuryRalph Axel, rates strategist for Bank of America, stated he believes that Watt’s speech will be the driver of policy change, calling the speech “unusual” and saying that it “opens the door to FHFA pursuing a recapitalization plan, eventually leading to the end of the conservatorships. . .Now that the FHFA has made the decision to tackle the undercapitalization issue at Fannie/Freddie, we think FHFA will continue to push in this direction and cite its statutory obligation as the driver.”Weiss argued back in October that a recap and release would be ineffective, however, because it would not increase access to the housing market for creditworthy borrowers, that taxpayers have not been fully “repaid” for the bailout (contrary to claims of private investors), and that a recap and release would drive up the cost of mortgages, since it would take decades for Fannie Mae and Freddie Mac to build safe and sound levels of capital to operate. Weiss claimed that those who believe a recap and release is a sustainable solution to the need for housing finance reform are “misguided.”In response to Weiss’ remarks, several civil rights groups—the National Community Reinvestment Coalition (NCRC), the National Association for the Advancement of Colored People (NAACP), and the League of United Latin American Citizens (LULAC) sent a letter to President Obama calling on the Administration to end the conservatorships and recapitalize Fannie Mae and Freddie Mac. Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea Treasury: Recap and Release Not Happening Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: What Effect Do Foreclosures Have on the Nation’s Existing-Home Supply? Next: Servicing Growth Drives Nationstar’s Q4 Rise in Earnings The Best Markets For Residential Property Investors 2 days agolast_img read more

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DIY icing set to add profit

first_imgDo-it-yourself cake decorating is already a big hit in the USA. Now, new company Cake Décor, based in Glasgow, is set to capitalise on this growing trend in the UK.”Bakers can look to the major seasons as a way of introducing novelty and profit to their business,” says Cake Décor managing director, Bill Donnelly. “In recent years, decorating products at Easter has become increasingly popular, for the simple reason that people can customise their celebration cakes, cookies and Easter eggs and it’s a fun way for parents to spend quality time with their kids.”Cake Décor, has secured major contracts to supply leading supermarkets, plant bakeries and confectioners throughout the UK and Europe with the easy-to-use icing tubes. As well as being used by professional cake decorators, they appeal to consumers wanting to personalise Easter eggs and bakery goods. A range of icing tubes are made for a variety of users: piping icings are produced for more intricate rosettes and soft icings are made for children’s hand-writing. They can also be used to decorate licensed characters, such as Spiderman with red and blue icing, and Winnie the Pooh with honey-flavoured icing.Produced at Cake Décor’s site in Westfield Park, Glasgow, the icing tubes come in a range of natural colours, including red, yellow, green, baby blue, baby pink, black, white, orange, and Barbie pink, gold and silver. The firm has also developed a range of naturally flavoured icings, including chocolate, lemon and mint. All are nut-free, egg-free and contain no artificial colourings, no trans fatty acids and no genetically modified ingredients.”With the use of these naturally coloured icing tubes, an all-year-round product can become seasonally specific – for example a yellow colour for Easter, red for Valentine’s Day, black and orange for Halloween, and green and red for Christmas,” says Donnelly. “It’s a quick and easy way for bakers and plant bakeries to introduce new products. At Easter, for example, the baker can sell a yellow colour icing tube along with a cup cake, so the consumer can draw on their own Easter egg, bunny or personal message.Donnelly, who set up the company last year, has over 20 years’ experience in the food industry and was formerly director and general manager of Renshaws, one of the UK’s leading manufacturers of cake coverings. Funding support for the company’s launch came from UK Steel Enterprise (UKSE), the Corus subsidiary, which encourages economic regeneration. “With the UKSE funding, I was able to invest in state-of-the-art machinery, which has given us a tremendous competitive edge,” says Donnelly. “We are able to produce hundreds of thousands of tubes of icing per day and this has already enabled us to secure several substantial contracts.”last_img read more

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Abortion and men: ‘It’s traumatic for everybody’

first_imgStuff co.nz 9 March 2020Family First Comment: “Each time, the decision was made by John and his partner together, based on various circumstances. But that didn’t make it easier. “It’s a hell of a tough call, whichever way you go. It’s bloody traumatic for everybody. It should never be one person’s decision, if possible … When you’re in a relationship with somebody and they get pregnant, it has to be discussed … because it’s a hell of an emotional time.””Yes – it’s emotional and ‘hell of a tough call’ and ‘bloody traumatic’. Because, deep down, we all know what it actually involves – and the implications for an unborn life.#chooselifeFor John*, talking about his experience with abortion is difficult, but he wants to help.He’s in his 60s and somewhat of a social recluse, but he’s telling his story, not for his own gain – he asked to remain anonymous – but for men in similar situations.“I know what I’ve been through, I know how hard it’s been, how hard it still is, and if something I can do or say can help somebody else, then that there is the highlight of my life, to be honest.”‘A HELL OF A TOUGH CALL’On two occasions in the last 20 years, John sat and cried with partners as they had abortions.“It was [a scary time] … it was just a bloody nightmare.”Both pregnancies were a surprise.After both procedures, his relationships fell apart and he bottled up his feelings for almost two decades. Even talking about it now is difficult.READ MORE: https://www.stuff.co.nz/life-style/parenting/120118632/abortion-and-men-its-traumatic-for-everybodylast_img read more

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The Latest: Aguero, Courtois to race in virtual F1 race

first_img Associated Press The league was given the go-ahead Wednesday to play in empty stadiums following a meeting between German Chancellor Angela Merkel and state governors.More teams are returning to full-team training instead of working in small groups. Borussia Mönchengladbach is resuming full training despite what it called “very weak positive” coronavirus tests for one player and one staff member. The club says the player has since tested negative twice and the staff member is isolating at home after one negative test.___Brescia captain Daniele Gastaldello says his entire squad opposes resuming the Serie A soccer season amid the coronavirus pandemic. The Latest: Aguero, Courtois to race in virtual F1 race Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Formula One says Manchester City forward Sergio Aguero, Real Madrid goalkeeper Thibaut Courtois and Barcelona midfielder Arthur will compete alongside drivers in this weekend’s virtual Spanish Grand Prix. May 7, 2020 ___The Gibraltar soccer federation says it has declared the league season null and void with no champion.The top two teams in the league were Europa and St. Joseph’s when the coronavirus pandemic caused the season to be suspended. The federation says they were so close in the standings it could not declare a champion “in the interests of sporting integrity.”The federation said last week that on government advice the season could not be completed by a UEFA-set deadline for Gibraltar of July 20.Europa will enter next season’s Champions League qualifying rounds. St. Joseph’s and third-place Lincoln Red Imps will enter the Europa League. ___The president of French soccer club Lyon says he hopes the resumption of the German league can prompt a reversal of the decision to end the season in his own country.The top two leagues in Germany have been given the go-ahead to play in empty stadiums following a meeting between Chancellor Angela Merkel and state governors.The 10 remaining league matches in France were canceled last week. Paris Saint-Germain was declared champion and Lyon finished outside the European places in seventh.Lyon president Jean-Michel Aulas says on sports daily L’Equipe’s website “it might not be too late to imagine … something coherent on a political level.”center_img Charles Leclerc, Lando Norris, Alex Albon, Antonio Giovinazzi, George Russell and Nicholas Latifi will be the F1 drivers in Sunday’s event.Aguero will race for Red Bull alongside Albon. Courtois will run for Alfa Romeo in his second virtual race. Arthur will be with Haas.Golfer Ian Poulter will make his third appearance with Renault.The virtual Spanish GP will take place during the same weekend the real race was scheduled to run at the Barcelona-Catalunya circuit. The race will consist of a qualifying session and a 33-lap race.The F1 season hasn’t started yet because of the coronavirus pandemic. Gastaldello tells Italian daily La Repubblica “we don’t feel safe. They’re asking us to resume training and to get back out onto the field right away … It’s putting all of the players’ safety on the line.”He says “I’m speaking for me and for my teammates” and adds it’s not worth it “if the price of resuming is us getting seriously injured.”Most clubs in the Italian league are resuming training on an individual basis this week but last-place Brescia is one of the holdouts.Brescia is one of areas hit hardest by the virus but Gastaldello says he was never tested.He says “we’ll know if we’ve had it only once they test us before training.” The KHL says the eight teams still in the playoffs at the time the season ended will be ruled as jointly finishing in the top eight positions.___Soccer clubs from Germany’s top two divisions will discuss setting a date to resume the suspended season amid the coronavirus pandemic. It could be as soon as next week.The German Football League’s board reportedly favors a start date of May 15 but some clubs want it later.Werder Bremen sporting director Frank Baumann backs a May 23 start to “reduce the injury risk” with more training and because some clubs were cleared to return to training earlier than others. Mainz wants two weeks to prepare. He adds that “by adapting our methods we could probably have finished the league.”Aulas argued for a playoff system to end the league by late August and reserved the possibility to claim damages he estimated at tens of millions of euros (dollars).___The Kontinental Hockey League says it will not name a champion after it stopped the season part-way through the playoffs because of the coronavirus pandemic.The Russia-based league shut down in March but didn’t immediately decide how the final standings would be determined. The league is widely considered to be the strongest outside the NHL. Brescia president Massimo Cellino has also been a vociferous opponent to resuming the season but says it’s not because he wants his club to avoid relegation.The Italian government has not yet approved the resumption of the season.___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6last_img read more

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Chelsea to offer Rudiger a new deal

first_imgAntonio Rudiger is set to earn a pay rise and a contract extension at Chelsea after an impressive start to the season under Maurizio Sarri, Goal understands.The 25-year-old has established a solid partnership with David Luiz this season and scored the opening goal in last week’s 2-2 draw with Manchester United at Stamford Bridge.The Germany international has more than three years left on his current contract since joining from Roma last year in a deal that could cost Chelsea as much as £34 million ($44m) based on add-ons. Article continues below Editors’ Picks Man Utd ready to spend big on Sancho and Haaland in January Who is Marcus Thuram? Lilian’s son who is top of the Bundesliga with Borussia Monchengladbach Brazil, beware! Messi and Argentina out for revenge after Copa controversy Best player in MLS? Zlatan wasn’t even the best player in LA! However, the intention is to reward his good form and increase his current £100,000-a-week earnings to come closer to some of the bigger earners at the club.Rudiger has featured in 11 of Chelsea’s 13 games so far this season as Sarri’s side remain unbeaten going into Thursday’s Europa League clash with BATE Borisov.He has recently outlined his happiness at Chelsea and feels the faith he is being shown by Sarri and the coaching staff is helping with his performance level.“I feel extremely comfortable with Chelsea, and I feel the confidence of the coaching staff, the fans, the entire club, every day, and that shows on the pitch as well,” Rudiger told SID.“We play possession football under Sarri, which is very important to me, so we are always relatively high as a defence, but once we are passed, I still have my speed to be able to intervene.”Rudiger’s goal against United was his first for Chelsea in 2018 and he was delighted to be able to contribute from an attacking point of view, saying: “I’ve had some good chances to score myself this season and this time it finally went in.”Eden Hazard and N’Golo Kante are also among those who Chelsea are keen to tie down, with the Belgian superstar having less than two years on his current contract.Marcos Alonso recently renewed his deal until 2023, but Callum Hudson-Odoi is another who the Blues are aiming to secure on a new deal.last_img read more

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PIOJ Gets Additional $60 Million for Technical Cooperation Project

first_img This is contained in the 2019/20 Estimates of Expenditure, now before the House of Representatives. The five-year project, which commenced in November 2016, aims to identify and implement relevant, sustainable, visible and measureable programmes with European Development Fund (EDF) and European Union (EU) financing. The Planning Institute of Jamaica (PIOJ) will receive an additional $60 million to continue work on the Technical Cooperation Facility VI (TCF VI) in the new fiscal year.This is contained in the 2019/20 Estimates of Expenditure, now before the House of Representatives.The five-year project, which commenced in November 2016, aims to identify and implement relevant, sustainable, visible and measureable programmes with European Development Fund (EDF) and European Union (EU) financing.Additionally, it is intended to strengthen the Office of the National Authorising Officer (NAO), and line Ministries’ capacities in the areas of management, planning, coordination and monitoring of EDF programmes.Achievements up to December 2018, include engagement of a Budget Support Specialist, and Civil Engineering, Accounting, and Crime and Security Consultants.Targets for 2019/20 include engaging Budget Support Management, Project Management, and Project Accounting Consultants.Just over $2 billion in additional funding is earmarked for the project from 2020/21 to 2022/23.The engagement, which is slated to end in November 2021, is being financed by the European Union.Meanwhile, $487.8 million (Contingency Provision) is also earmarked in the Estimates for the Public Investment Management System (PIMS) for 2019/20.The allocation will support new projects approved for implementation under the PIMS, being spearheaded by the Ministry of Finance and the Public Service. Story Highlights The Planning Institute of Jamaica (PIOJ) will receive an additional $60 million to continue work on the Technical Cooperation Facility VI (TCF VI) in the new fiscal year.last_img read more

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Kinder Morgan suspends nonessential spending with Trans Mountain Pipeline

first_imgCALGARY, A.B. – Kinder Morgan Canada Limited has announced that it is suspending all non-essential activities and related spending on the Trans Mountain Expansion Project.KML also announced that under current circumstances, specifically including the continued actions in opposition to the Project by the Province of British Columbia, it will not commit additional shareholder resources to the Project.However, KML will consult with various stakeholders in an effort to reach agreements by May 31st that may allow the Project to proceed. The focus in those consultations will be on two principles: clarity on the path forward, particularly with respect to the ability to construct through BC; and, adequate protection of KML shareholders. “As KML has repeatedly stated, we will be judicious in our use of shareholder funds. In keeping with that commitment, we have determined that in the current environment, we will not put KML shareholders at risk on the remaining project spend,” said KML Chairman and Chief Executive Officer Steve Kean. The Project has the support of the Federal Government and the Provinces of Alberta and Saskatchewan but faces continued active opposition from the government of British Columbia.“A company cannot resolve differences between governments. While we have succeeded in all legal challenges to date, a company cannot litigate its way to an in-service pipeline amidst jurisdictional differences between governments,” added Kean.“Today, KML is a very good midstream energy company, with limited debt. The uncertainty as to whether we will be able to finish what we start leads us to the conclusion that we should protect the value that KML has, rather than risking billions of dollars on an outcome that is outside of our control,” Kean said. “To date, we have spent considerable resources bringing the Project to this point and recognize the vital economic importance of the Project to Canada. Therefore, in the coming weeks we will work with stakeholders on potential ways to continue advancing the Project consistent with the two principles previously stated.”Trans Mountain has spent C$1.1 billion (approximately half of which has been spent since the KML IPO) and made unprecedented efforts to develop the Project since its initial filing with the National Energy Board in 2013.If we have to, Alberta is prepared to do whatever it takes to get this pipeline built – including taking a public position in the pipeline.Put another way, Alberta is prepared to be an investor in the pipeline. This pipeline will be built.#ableg #abpoli #KeepCanadaWorking— Rachel Notley (@RachelNotley) April 8, 2018The federal government put pressure on Horgan to back away from his opposition to the project, with Natural Resources Minister Jim Carr describing it as “crucial” to expanding Canada’s export markets for its natural resources while creating thousands of jobs. “The government of Canada calls on Premier Horgan and the B.C. government to end all threats of delay to the Trans Mountain expansion,” Carr said in a news release. “His government’s actions stand to harm the entire Canadian economy.”Carr said under Canadian law, Ottawa has the jurisdiction to approve the project.“We are determined to find a solution,” he added. “With all our partners, we continue to consider all available options. As our prime minister has said, this pipeline will be built.”last_img read more

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Peyton Manning Had The Worst Season Of Any Super Bowl Quarterback Ever

With a few notable exceptions, one being Brother Eli on the 2007 Giants, even the dumpier quarterbacks who get to the Super Bowl tend to play at about a league-average level. But Manning has blazed a new trail for ineffective passers with eyes on the Super Bowl, so long as they play in front of a superlative defense and cobble together a few decent playoff starts. There’s a reason the 2015 Broncos’ most similar team was the 2009 New York Jets.Funny thing, however: Manning playing poorly doesn’t seem to matter very much for Denver’s chances of winning the game. Based on regular-season value over average, Cam Newton and the Panthers have a huge advantage in the passing game over the Broncos — the sixth-biggest in any Super Bowl since the merger, in fact2The biggest passing mismatch was the aforementioned 2007 Eli against the record-setting Tom Brady. — but that hasn’t mattered much in past Super Bowls. Whether you look at total or per-attempt measures of value, there’s essentially zero correlation between the disparity in regular-season QB performance for the Super Bowl opponents and the eventual point margin of the game itself. This makes sense, as the equilibrium of a successful team will account for poor play from any given position (even QB) if the rest of the team is strong enough. And given the importance of quarterbacks to modern NFL play, the Broncos’ compensation for Manning’s play is just about the most impressive thing we’ve seen out of a unit leading up to a Super Bowl. Peyton Manning, The Sheriff, is back in the Super Bowl saddle. Good for him; we’ve written many paeans to Manning over the years, for the simple reason that he’s the greatest statistical quarterback of all time. But let’s face it: 2015 was also far — faaaaaar — from Manning’s best season, and in the context of a Super Bowl appearance, Manning’s standard of play pales even in comparison to “game managers” like Trent Dilfer. In a lot of ways, Peyton’s 2015 was worst regular-season performance ever by a QB who would eventually start the Super Bowl.During the regular season, Denver had the NFL’s eighth-worst passing offense according to Football Outsiders’ defense-adjusted value over average, with a mark one full standard deviation worse than average. That’s really bad by Super Bowl standards: If we index the Broncos’ DVOA relative to the league, the only post-merger Super Bowl team to throw the ball less effectively were the Vince Ferragamo-led 1979 Los Angeles Rams.Now, Manning was injured during the regular season and missed six games, so you might think others share in the blame over the Broncos’ lousy aerial attack. But you can’t pin this on Brock Osweiler — he was mediocre in Manning’s stead, not outright horrible. Manning, on the other hand, was the league’s worst QB (on a per-drop-back basis) according to adjusted net yards per attempt (ANY/A), and its second-worst according to DVOA. He ranked among the bottom 15 percent of NFL passers in not just conventional categories such as touchdown and interception rate, but also fancier numbers like the percentage of his throws that were on-target.1In the estimation of ESPN’s Stats & Information group. Plain and simple, he stank.Let’s compare Manning’s overall season to those of other Super Bowl starting QBs over the years. If we judge by ANY/A compared to the league average from the season in question, Manning’s 2015 ranks second-worst, again ahead of only Ferragamo’s catastrophic 1979 numbers. And Ferragamo’s damage was at least limited: He started only five of the Rams’ 16 games, and played in an age when teams passed less, so a poor QB wasn’t as harmful to his team’s chances as today. (Not that it mattered for Ferragamo; his Rams lost the Super Bowl to the Steelers 31-19.)Manning, by contrast, plays in a pass-crazed era and threw the ball about as often per game as his peers, despite his horrible passing efficiency rates. The result, according to Football Perspective founder Chase Stuart’s method of judging QB value versus league average (which considers both passing and rushing value) was by far the worst regular season by a Super Bowl starter since the merger. read more

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Ohio State womens basketball secures a No 3 seed in NCAA tournament

OSU sophomore guard Asia Doss (20) shoots a free throw during the second half a game against Michigan State in the Big Ten tournament on March 5 in Indianapolis. OSU lost, 82-63. Credit: Kevin Stankiewicz | Asst. Sports EditorWhile the NCAA men’s basketball tournament will be lacking scarlet and gray, the same cannot be said about the women’s 64-team field.The official bracket was announced Monday night, in which the Ohio State women’s basketball team earned a No. 3 seed, setting it up with a first-round matchup against No. 14 seed Buffalo.Tipoff is scheduled for 2:30 p.m. on Friday at St. John Arena in Columbus.Buffalo will be making its first appearance in the NCAA tournament in program history. The Bulls took down Central Michigan in the Mid-American Conference championship game. They, as a No. 8 seed, became the highest-seeded team to win the MAC tournament.Although coach Kevin McGuff has to be pleased with making the tournament for the second time in his three seasons at the helm for OSU, there is likely some bitterness after his team’s final four games.Heading into the final two regular-season games, the then-fifth-ranked Buckeyes were amid an 11-game win streak, looking poised for, at least, a No. 2 seed, with an outside chance at a top seed.They lost both in overtime.Then, in the Big Ten tournament, OSU got past Rutgers in the quarterfinals, but senior guard Ameryst Alston suffered a wrist injury late in the game.Without their second-leading scorer at full ability in the semifinals, the Scarlet and Gray were trounced by Michigan State, 82-63, a rather fitting coda to the disappointing four-game stretch.After a nearly two-week break, OSU will hope to regain its footing and begin playing the team that took down Maryland, a No. 2 seed, twice during the regular season, as well as now-fourth-seeded Texas A&M.If the Buckeyes are able to get past Buffalo, they’ll be set to face the winner of sixth-seeded West Virginia versus No. 11 seed Princeton on Sunday at St. John Arena.OSU played three of the tournament’s No. 1 seeds — Connecticut, South Carolina and Notre Dame — during the regular season. The Scarlet and Gray lost all three matchups.South Carolina is the top-seeded team in OSU’s region, which is a fortunate break for the Buckeyes because they only lost to Gamecocks by eight points when the two teams played in November.Consequently, it makes a potential trip to the Final Four a little easier, as OSU won’t have to face perennial power UConn during its road to Indianapolis. The Huskies throttled the Buckeyes by 54 points on Nov. 18 in Columbus.Last season, as a No. 5 seed, OSU lost in the second round on a last-second shot by fourth-seeded North Carolina.The Buckeyes have reached the Final Four once in program history, in 1993. They lost to Texas Tech by two points in the championship game.Prior to taking over at OSU, McGuff spent nine years as the head coach at Xavier and two at Washington. His best tournament run was a trip to the Elite Eight in 2010 at Xavier. read more

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