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NASA Headquarter in Washington is planning for its new mission called “NASA New Mission” which confers to bring samples from Mars to Earth and the US space agency is in search of a person to lead the mission which is called Mars Sample Return (MSR) Programme.
NASA has declared the requirement of an enthusiastic person for the position of Director of Mars Sample Return Program.
The person should be capable for implementation of all Mars sample return activities, beginning with mission formulation and continuing through design, development, launch and mission operations.
This mission will use robotic systems and a Mars ascent rocket to collect and send samples of Martian rocks, soil and atmosphere to Earth for detailed chemical and physical analysis.
The European Space Agency (ESA) is working in collaboration with NASA for the campaign which is scheduled to take place between 2020 and 2030.
NASA also declared the complete package on annual basis; it would be $188,066 per year to the selected person.
It is estimated that for MSR Programme, three launches will be necessary to achieve landing, collecting, storing and finding samples and delivering them to the Earth.
NASA New Mission programme for Mars 2020 mission will be launched in July this year (2020), the main task would be to explore the surface and carefully will do the documentation and store a set of samples in containers in strategic areas, which would be later retrieved from flight to Earth.
- After the first launch MSR Programmewill set go for two subsequent missions to achieve further goals.
- NASA New Missionlaunch strategy will follow the latest technology updates–
- NASA will send the Sample Return Landermission to land a platform near the Mars 2020 site.
- From this Lander, a small ESA rover – the Sample Fetch Rover– will head out to get back the collected samples.
- Once the ESA rover has collected the samples like an interplanetary treasure hunt, it will return to the Lander platform.
- After returning with the samples it will load them into a single large container on the Mars Ascent Vehicle (MAV).
- This Mars Ascent Vehicle (MAV)will perform the first lift off from Mars and carry the container into Mars orbit.
- ESA’s Earth Return Orbiter will be the next mission, timed to capture the basketball-size sample container orbiting Mars.
- The samples will be sealed in a biocontainment system to prevent contaminating Earth with unsterilized material before being moved into an Earth entry capsule said by ESA.
The spacecraft will then return to Earth, where it will release the entry capsule for the samples to end up in a specialized handling facility. Which will be further investigated on Earth.
All the candidates who have given the Uttar Pradesh Teacher Eligibility Test (UPTET) are now awaiting the result.
As you know Uttar Pradesh Teacher Eligibility Test was held on 8 January in which 1515065 (91.47 percent) out of total 1656338 candidates were present.
The revised UPTET Final Answer Key has been released on 31 January and the UPTET result 2020 will be declared on 7 February.
The candidates will be provided certificates within one month of the release of the result.
This time in the UPTET exam, most of the questions were asked from the subjects of environment and biology.UPTET Exam Result Date Candidates who have appeared in this examination will be able to check the final answer-key and UPTET result by visiting the official website.
To check result you will need the roll number so remember your roll number or see it on admit card.
What is Mortgage Servicing Rights (MSR)A contractual agreement where the original mortgage lender sells the right to service an existing mortgage to another party that specializes in the various functions involved with servicing mortgages is called Mortgage servicing rights (MSR).Understanding MSRThere are continuous administrative duties for the MSRs which are regularly processed for the entire duration of a mortgage.The right to collect mortgage payments on a monthly basis, setting aside taxes and insurance premiums in escrow, and forwarding the interest and principal portions to the mortgage lender are some of the common rights of the MSR.And at the beginning of the servicing agreement itself, a specific fee is defined and entered into the contract which is in the form of compensation to the servicer.As far as the borrower is concerned factors like the mortgage payment amount, interest rate, type of loan, and others remain the same, only the address to which payments are sent is changed.The borrower should contact the servicer, instead of their original mortgage lender if they have any questions regarding their loan.The servicer can change at any time, but the borrower receives a notice from their original lender at least 15 days before the change takes place, and the new servicer should also notify the borrower within 15 days of assuming rights.Financial institutions are allowed to sell mortgages or transfer servicing rights to other institutions without consumer consent according to federal banking laws.Special ConsiderationsMSRs are sold by lenders as a means of freeing up lines of credit for lending money to additional borrowers.As the majority of mortgages are for a period of 15 or 30 years and the bank needs billions of dollars to lend money to other consumers who are wanting mortgages during this time.When MSRs are sold it means that more people can become homeowners because the sale of these rights generates revenue.When lenders are originating mortgages they charge fees and also earn monthly interest from payments.A bank earns more revenue because of mortgages as they bring additional assetsHistory of MSRsIn recent years due to the improving economy, higher quality mortgage originations, and fewer defaults the MSR’s market was strong.These assets are found attractive by hedge funds, banks, and real estate investment trusts (REITs) because MSRs can yield high amounts of interest.For example, in the first quarter of 2016, $8 billion in MSRs was purchased by SunTrust this was done as a means of earning a solid return on investment (ROI), and in a few months time, SunTrust’s MSR portfolio contained $1.123 billion in unpaid principal balances of loans that the bank was servicing for lenders.In June 2019, National Mortgage News reported that MSRs to be been one of the best-performing fixed-income asset classes over the past five years.But the news also reported that as medium- and long-term interest rates have fallen since October 2018, projected and actual mortgage prepayment assumptions have increased, leading to the expected average life of MSRs to shorten significantly.This has led to the MSR values from April to May going down to half consistently.The National Mortgage News, reports that the demand from MSR buyers is still very strong, and in regards to the MSR values there is general consensus.ConclusionThe originator of a mortgage sells mortgage servicing rights to another financial institution, which then takes over the administration of the mortgage, their responsibility includes assignments like collecting payments and forwarding them to the originator.A fee is paid by the original lender to the servicer for performing this work.
Except for the address to which the payment needs to be made there is no change for the borrower.https://www.compareclosing.com/blog/what-is-mortgage-servicing-rights-msr/
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