Fannie Mae Finalizes Reperforming Loan Sale

first_imgSign up for DS News Daily  Print This Post The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago July 19, 2019 3,176 Views Fannie Mae reperforming loan sale UPB 2019-07-19 Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Earlier this year, Fannie Mae announced the winner of its fifteenth non-performing loan sale, which included 4,300 loans totaling $770.13 million in unpaid principal balance (UPB), divided among four pools. The winning bidders of the four pools for the transaction, expected to close on July 23, 2019, were Igloo Series IV Trust (Balbec Capital, LP) for Pool 1, MFRA Trust 2015-1 (MFA) for Pool 2, Elkhorn Depositor LLC (Roosevelt Mortgage Company, LLC) for Pool 3, and VRMTG ACQ, LLC (VWH Capital Management, LP) for Pool 4.Freddie Mac and Fannie Mae’s NPL sales are part of the FHFA’s three strategic goals as conservator of the Enterprises, including maintaining foreclosure prevention activities and credit availability, reducing taxpayer risk, and building a new single-family securitization infrastructure, the Unified Mortgage Backed Security.Fannie Mae and Freddie Mac marked the completion of their Single Security Initiative with the launch of the UMBS on June 3.“UMBS is the result of close collaboration with FHFA, Freddie Mac, Common Securitization Solutions, and hundreds of housing finance stakeholders and we congratulate all involved on this achievement,” said Renee Schultz, SVP, Capital Markets, Fannie Mae in a statement. “We remain focused on ensuring that all market participants continue to make a smooth transition to UMBS and maintaining a highly liquid housing finance market.” Home / Daily Dose / Fannie Mae Finalizes Reperforming Loan Sale Previous: Hurricane Barry Property Damage Hits $500M Next: The Week Ahead: Analyzing Vacancy Rates About Author: Seth Welborn Fannie Mae has announced the results of its twelfth reperforming loan sale transaction. The sale was originally announced on June 13 and included the sale of approximately 16,500 loans totaling $2.6 billion in unpaid principal balance (UPB), divided into four pools, marketed with Citigroup Global Markets Inc. as advisor.The winning bidders of the four pools for the transaction were DLJ Mortgage Capital, Inc. (Credit Suisse) for Pools 1 & 2, Goldman Sachs Mortgage Company (Goldman Sachs) for Pool 3, and 510 Model I, LLC (400 Capital Management) for Pool 4. The transaction is expected to close on August 27, 2019.The loan pools included were:Group 1 Pool: 2,161 loans with an aggregate unpaid principal balance of $446,429,087; average loan size $206,584; weighted average note rate 3.31%; weighted average broker’s price opinion (BPO) loan-to-value ratio of 75%.Group 2 Pool: 5,854 loans with an aggregate unpaid principal balance of $878,017,169; average loan size $149,986; weighted average note rate 4.51%; weighted BPO loan-to-value ratio of 76%.Group 3 Pool: 5,668 loans with an aggregate unpaid principal balance of $832,399,270; average loan size $146,859; weighted average note rate 4.38%; weighted average BPO loan-to-value ratio of 77%.Group 4 Pool: 2,818 loans with an aggregate unpaid principal balance of $445,307,819; average loan size $158,023; weighted average note rate 4.29%; weighted average BPO loan-to-value ratio of 76%. Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Fannie Mae Finalizes Reperforming Loan Sale Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Market Studies, News Related Articles Share Save Tagged with: Fannie Mae reperforming loan sale UPB Subscribelast_img read more

Planning granted for Inishowen asphalt site

first_img WhatsApp WhatsApp Homepage BannerNews Facebook Planning for an asphalt plant development in Inishowen has been granted.There was some local opposition to the development in Burnfoot.Donegal County Council says in assessing the application, the planning authority took into accounty third party submissions.The council says; subject to compliance with conditions, the proposed development would be in accordance with the proper planning and sustainable development of the area. Google+ RELATED ARTICLESMORE FROM AUTHOR Google+ Previous articleNews, Sport and Obituaries on Tuesday May 11thNext articleLUH second most overcrowded hospital in Ireland today News Highland By News Highland – May 11, 2021 Arranmore progress and potential flagged as population grows Twittercenter_img Pinterest News, Sport and Obituaries on Monday May 24th Loganair’s new Derry – Liverpool air service takes off from CODA Facebook DL Debate – 24/05/21 Pinterest Twitter Nine til Noon Show – Listen back to Monday’s Programme Important message for people attending LUH’s INR clinic Planning granted for Inishowen asphalt sitelast_img read more

Experienced skydiver killed in hard landing in Florida

first_imgChristopherBernard/iStock(SEBASTIAN, Fla.) — A skydiver with 20 years of experience was killed during a hard landing in Florida, authorities said.It appeared 49-year-old Christian Stevens was trying to avoid another skydiver during his landing Monday morning, causing him to slam into the ground, according to the Sebastian Police Department.Emergency crews rushed to the scene at the Sebastian Municipal Airport. Stevens was taken to Sebastian River Medical Center, where he was pronounced dead, police said.Stevens, of Canton, Ga., had about two decades of experience and was a skydiving instructor, according to police.Stevens was a husband, father and Army Ranger, according to his professional skydiving demonstration and performance group, Team Fastrax.A spokesperson for Team Fastrax did not immediately respond to ABC News’ request for comment.Copyright © 2020, ABC Audio. All rights reserved.last_img read more

SA a favourite among expats

first_imgExpatriates living in South Africa have decided that the country is one of the best expat locations in the world. (Image: MediaClubsouthafrica.com. For more free photos, visit the image library) South Africa is the sixth best country in the world to live in, according to expatriates based here. This was revealed in a massive global survey commissioned by global finance house HSBC Bank International. The study was conducted by UK-based research company FreshMinds. Results were released in late November 2009.Over 3 100 expats, from more than 30 industries and living in 50 countries on four continents, took part in the study earlier in the year.Titled Expat Experience, it sought to determine the challenges people encountered when living and working away from home, and also aimed to differentiate between the expat experience in various countries and on various continents, in comparison with home.In the end 26 countries made the rankings. South Africa came in behind the top five of Canada, Australia, Thailand, Singapore and Bahrain.As an expat favourite it eclipsed highly developed nations such as the US, France, Hong Kong, Germany, Switzerland, Belgium and the UK, as well as other emerging nations including Brazil, Mexico, China and India.Quality of lifeThe survey is one of three reports released under HSBC’s annual Expat Explorer series of studies. The other two studies are the Expat Economics and Offshore Offspring reports.South Africa was the only African country surveyed for the economics report, where it came 13th out of 26. The results of the Offshore Offspring report, which reveals the best place to raise a family away from home, are due out in early 2010.The latest survey focused on the expat experience of mingling with local culture and society, and the increase or decrease in quality of life compared to the home country.Expats rated their current locations according to 23 day-to-day criteria, including food, accommodation, entertainment, transport, banking, utilities, healthcare, working hours, family and social life, hobbies, and more.They were also asked to rate the ease with which they were able to perform a variety of tasks, including finding accommodation for their families and schools for their children, learning the local language, making friends among local and expat communities, and arranging their finances, vehicles, utilities, and other essentials.Friendly countryIn addition to making the top 10 overall, South Africa scored highly in the categories of making local friends (2), organising schools (3), finding somewhere to live (3), social life (3), quality of life (3), and accommodation (4).South Africa was the top-ranked country for hobbyists, as well as the top country for settling down, beating Thailand and Canada which took 2nd and 3rd place respectively. More than half of those questioned – 55% – have lived in South Africa for more than five years.South Africa was rated among the top nations in terms of the ease with which expats integrated into local society, which covered factors such as setting up their bank accounts, learning the language, and arranging healthcare.According to the report, in most countries new arrivals gravitate towards the expat community when seeking new friends. Notable exceptions are Brazil, where 94% of people easily made local friends; followed by South Africa and Canada (both 91%); and India and Russia (both 90%).South Africa’s worst score was 22 out of 26, in the transport category.Most affordableA global survey earlier in the year named Johannesburg as the most affordable city in the world for foreigners.Results of the Cost of Living survey, regarded as the world’s most comprehensive study of this type, were released in March 2009.Out of 143 cities on six continents, Johannesburg was found to be the cheapest, almost three times cheaper than the most expensive city, Tokyo.The weakening of South Africa’s currency, the rand, against the dollar is said to be responsible for Johannesburg replacing Asunción in Paraguay as the least expensive location in 2009.last_img read more

Financial Times and Brand South Africa Roundtable: “Opportunities and challenges of the Green Economy”

first_imgMinister of Water and Environmental Affairs, Edna Molewa will deliver the keynote address as well as participate in the panel discussions.The panel will explore future solutions as well as engage and discuss green issues under the theme “Building A Green Economy”.Panelists, from l to r: Bheki Sibiya, Parks Tau and Steve Lennon.Brand South Africa wishes to see these conversations translating into action on climate change. In turn, this will assist in improving South Africa’s image as a country that facilitates and leads debates on issues that impact the future sustainability, development and economy of the country in the first instance and the continent and beyond.This thought leadership engagement between government and business leaders will include;Minister of Water & Environmental Affairs: Edna Molewa, Executive Mayor of the City of Johannesburg and SALGA CEO, Parks Tau; Executive Director of Resources & Strategy at Eskom, Dr. Steve Lennon and Chief Executive Officer: Chamber of Mines, Bheki Sibiya.Financial Times Special Report: South Africa and the Green Economylast_img read more

Help Choc help the children

first_imgThe CHOC Foundation’s holistic approach to caring for children with cancer and supporting parents through the difficulties of looking after their sick children has touched the lives of thousands of people across the country. (Image: CHOC Childhood Cancer Foundation SA, via Facebook)What began as a number of regional support groups established in 1979 by parents who were caring for children with cancer, took on a new form at the beginning of the new millennium when they merged to make as big an impact as they could.The Choc Childhood Cancer Foundation became a national organisation in 2000 and is today one of the country’s most established NGOs. In 2010, it was named the seventh most trusted and admired NGO in the Ask Afrika Trust Barometer Awards.CIRCLE OF CAREIts holistic approach to caring for children with cancer and supporting parents through the difficulties of looking after their sick children has touched the lives of thousands of people across the country.Choc’s Circle of Care is a six-step approach to achieving its objective of supporting children with cancer and life-threatening blood disorders, and their families. It maintains the foundation’s involvement throughout the process of the disease, from detection to recovery and transition to normal life.The first step in the Circle of Care is the detection phase, during which Choc trains members of the public in how to detect the early signs of cancer. This helps to improve response times, and so helps to catch the diseases early.By the end of 2014, the organisation had facilitated the training of nearly 5 000 healthcare workers, traditional healers and community members in how to detect the early warning signs of cancer, allowing for early intervention.Following detection, the organisation then focuses on diagnosis before the patient is hospitalised. During children’s hospitalisation, Choc provides practical and psychological support, which includes care bags and ward comforts as well as transportation, accommodation and access to its parents’ support groups.During the fifth stage of the Circle of Care, the out-patient phase, Choc offers accommodation at one of 13 Choc houses for parents wanting to stay near their children and for children still in the out-patient stage of their recovery.The final stage of the process involves helping children through the latter stages of their recovery and providing counselling to them and their parents regarding their reintegration into society after often lengthy hospital stays and bed rest.Survivors are also able to become a part of the Survivors of Life-threatening Diseases (Solid) network.The CHOC Childhood Cancer Foundation’s “Have a heart for children with cancer” car. (Image: CHOC Childhood Cancer Foundation SA, via Facebook)GET INVOLVEDThe number of families relying on Choc for help in caring for their children has grown at a staggering rate, increasing the strain on the organisation’s resources.It gets no subsidies from the government and relies heavily on the generosity of corporates and members of the public to meet its financial demands to support to such a large number of children.If you would like to get involved and help Choc continue doing what it does, visit the foundation’s website and view its support page for details on how you can get involved, be it through volunteering or donating money to help it meet its expenses.PLAY YOUR PARTAre you playing your part in transforming South Africa? If so, submit your story or video and let us know what you are doing to improve the country for all.last_img read more

Podcast Unstoppable Greinke The Greatest Basketball Season Ever And Baseball Brain Data

More: Apple Podcasts | ESPN App | RSS If you’re a fan of our podcasts, be sure to subscribe on Apple Podcasts and leave a rating/review. That helps spread the word to other listeners. And get in touch by email, on Twitter or in the comments. Tell us what you think, send us hot takes to discuss and tell us why we’re wrong. Hot Takedown Video Excerpt: Brain Data And Baseball Welcome to this week’s episode of Hot Takedown, our podcast where the hot sports takes of the week meet the numbers that prove them right or tear them down. On this week’s show (July 21, 2015), we discuss how Zack Greinke is achieving his scoreless-inning streak, look into whether dominance in women’s basketball is not the same as in the men’s game and welcome SB Nation’s Zach Schonbrun to talk about the impact neuroscience may have on baseball scouting. Plus, our Significant Digit of the week: more people are going to women’s soccer games after the U.S. women won the World Cup.Stream the episode by clicking the play button, or subscribe using one of the podcast clients we’ve linked to above.Below are some links to what we discuss on this week’s show:Zack Greinke chases the records of Dodgers legends Orel Hershiser and Don Drysdale.Fangraphs’ three keys to Greinke’s streak.Is Elena Delle Donne having the best basketball season in history?Zach Schonbrun on mixing neuroscience and baseball.Significant Digit: 34 percent increase in attendance in National Women’s Soccer League games post-World Cup. read more

Eight Men Wanted for Murder in The Bahamas

first_img Related Items:#8menwantedformurder, #magneticmedianews Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppBahamas, June 10, 2017 – Nassau – The Royal Bahamas Police Force is asking the public for help in finding following men who are wanted for murder.The first suspect is 33 – year old Patrick Goffee of Washington Street.Goffee is a dark brown male, slim build, about 6’ 3” tall.The second suspect is 25 – year old Gibson Baptiste of Golden Isle Road.Baptiste is a dark brown male, slim build, about 6’ tall.The third suspect is 30 – year old Jermaine Scott of Dominica Street, Golden Gates #2.Scott is a dark brown male, medium build, about 6’ 1” tall.The fourth suspect is 18 – year old Julio Edwin Deveaux of Morley Street.Deveaux is a dark brown male, slim build, about 5’ 9” tall.The fifth suspect is 32 – year old Dwight Morrison, otherwise called “Kitty” of Monastery Park off Bernard Road.Morrison is a dark brown male, slim build, about 5’ 9” tall.The sixth suspect is 28 – year old Alfred George of Knowles Drive of Tonique Williams-Darling Highway.George is a dark brown male, slim build, about 5’ 7” to 5’ 11” tall.The seventh suspect is 31 – year old Tico Omar Lightbourne of McCartney Lane and Wilson Track.Lightbourne is a dark brown male, medium build, about 5’ 5” to 5’ 7” tall.The final suspect is 42 – year old Ronald Nottage otherwise called “Ronny” of Sumner Street, Nassau Village.Nottage is a dark brown male, medium build, about 5’ 7” to 5’ 11” tall.These men are considered to be armed and dangerous. Police advise the public not to approach them. Instead, contact police immediately with any information.#magneticmedianews#8menwantedformurderlast_img read more