Michigan Lender Becomes Latest Institution To Settle Over Faulty Mortgages

first_img The heavy regulation of the mortgage industry has seen several of the nation’s largest lenders reach multi-billion dollar settlements with the U.S. Department of Justice over toxic mortgage-backed securities. It is not just the larger lenders that are under the microscope, however; a recent multi-million dollar settlement between a lender and the U.S. Attorney for the Eastern District of Michigan showed that the smaller lenders cannot escape intense scrutiny from industry regulators.Southfield, Michigan-based lender GTL Investments, Inc., doing business as John Adams Mortgage Company, recently agreed to pay $4.2 million to settle claims regarding the origination of federally-backed mortgage loans that were not properly underwritten, according to an announcement from U.S. Attorney for the Eastern District of Michigan Barbara McQuade.GTL Investments entered into the agreement with McQuade’s office to settle allegations that mortgage loans originated by the lender and backed by the Federal Housing Administration (FHA) had material underwriting deficiencies. Underwriting standards are the criteria which borrowers must meet to purchase an FHA-insured residential mortgage loan with a modest down payment; the loan originator is responsible for ensuring that the borrower meets the underwriting standards in order to minimize the risk of default – in the event of which the FHA pays the mortgage holder for the losses.The Office of the Inspector General for the U.S. Department of Urban and Housing Development (HUD-OIG) discovered through an investigation that 31 loans originated by GTL during a four-year period from 2008 to 2012 did not meet the underwriting criteria. As a result, 29 of those loans went to claim, which cost the FHA more than $2.4 million in damages. The remaining two loans that had not gone to claim were found to have a potential risk of about $250,000 in losses, for which GTL agreed to indemnify the FHA.”By holding accountable lenders who fail to comply with underwriting requirements, we hope to send a message to all lenders that they must comply with government standards for federally insured loans,” McQuade said in a statement. The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Federal Housing Administration FHA GTL Investments U.S. Attorney for the Eastern District of Michigan 2015-01-05 Brian Honea Home / Daily Dose / Michigan Lender Becomes Latest Institution To Settle Over Faulty Mortgages Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily January 5, 2015 1,329 Views Related Articles Servicers Navigate the Post-Pandemic World 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Federal Housing Administration FHA GTL Investments U.S. Attorney for the Eastern District of Michigan Subscribe The Best Markets For Residential Property Investors 2 days ago 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. in Daily Dose, Featured, Government Data Provider Black Knight to Acquire Top of Mind 2 days ago Michigan Lender Becomes Latest Institution To Settle Over Faulty Mortgages Previous: DS News Webcast: Tuesday 1/6/2015 Next: Obama to Speak About Housing on Thursday in Phoenix About Author: Brian Honealast_img read more

The Suspense is Over, Trump Wins the Presidency

first_img About Author: Kendall Baer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago November 9, 2016 1,202 Views 2016 Presidential Election election results Housing Policy 2016-11-09 Kendall Baer Share Save The Suspense is Over, Trump Wins the Presidency in Daily Dose, Featured, News tweet The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago It was a nail-biting election night, similar to the roller coaster that was the road to the 2016 presidential election. Every vote mattered coming down to the state counts in the swing states, hotly campaigned by both candidates. But Tuesday night, Republican Donald Trump has been elected as the next President of the United States.What might housing policy look like under the new Trump administration, and how will Trump work with Congress on housing policy?In the limited moments that Trump has shared his thoughts on what he would do with the housing market, he stated that one of the big issues facing the housing industry is regulation.In his speech at the National Association of Home Builders’ 2016 Midyear Board of Directors Meeting in Miami, Florida, Trump said, in particular, there is no group regulated harder than the housing industry. Trump said these regulations kill not just the small businesses but jobs in general. Trump shared that he plans to eliminate these regulations and instead implement a method of creating jobs without regulation.Likewise, in an interview with Reuters in May, Trump said he plans to overhaul the controversial Dodd-Frank Wall Street Reform and Consumer Protection Act that was passed in 2010 in response to the crisis.“Dodd-Frank has made it impossible for bankers to function,” said Trump. “It makes it very hard for bankers to loan money for people to create jobs, for people with businesses to create jobs. And that has to stop.”Brian Montgomery, Vice Chairman and Co-Founder of The Collingwood Group and former FHA Commissioner says, “I hope both parties and the new Administration will include on their ‘priority list’ how to bring some stability and certainty to our nation’s housing finance system that will give lenders some comfort that widening the mortgage credit aperture won’t later invite regulatory intrusion. Equally important are finding solutions to the shortage of affordable rental housing in particular for very low income families and the elderly.”A lack of priority for housing in Congress is something those in the industry hope to see change with this newly elected house.”It’s amazing that something so vital as housing to the overall health of the American economy and the average American – is something Congress still can’t rally in support of resolving – especially when the risks associated with continued failure to do so are potentially so serious,” says Brian O’Reilly, The Collingwood Group President. “The facts are that housing is a critical component of overall economic health in the US. Thus, continued failure by Congress to address housing reform is reckless and irresponsible.”Montgomery adds that he hopes both sides will heed the words of Franklin Roosevelt who on the eve of his reelection in 1936 while citing the amount of work to be done said ‘we will keep our sleeves rolled up.’ Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / The Suspense is Over, Trump Wins the Presidency Tagged with: 2016 Presidential Election election results Housing Policy The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Related Articles Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: The Housing Market Outlook is Bright…For Now Next: What Will Housing Regulation Look Like Under Trump? Sign up for DS News Daily Subscribelast_img read more

Post Crisis: How Do Banks Continue Servicing Home Loans?

first_img Demand Propels Home Prices Upward 2 days ago Servicing 2017-07-10 Brianna Gilpin Servicers Navigate the Post-Pandemic World 2 days ago Subscribe July 10, 2017 1,451 Views Previous: CFPB Names Advisory Board Members Next: How Deep Are Your Pockets? In an article by Joseph Lawler in the Washington Examiner, Sam Vallandingham, President and CEO of his Barboursville, West Virginia-based First State Bank, explains how he had to revamp his business structure in order to continue making and servicing home loans. The numerous rules made for an extremely difficult time for banks when it came to lending, but on top of that, it imposed a fear of litigation.For some background, while the housing bubble inflated, more and more mortgage lenders were making loans without establishing borrowers income or keeping in mind what would be in the means of the buyer for payments, according to the article. When the bubble finally burst and the foreclosure crisis followed, a nationwide investigation on paperwork and procedure led to the five biggest banks coming to a settlement. At that point, it was decided that servicing loans wasn’t going to be what it had been, the CFPB released new mortgage rules, and the Federal Reserve finalized new capitol rules for banks that put mortgage servicing at a disadvantage.Of all the changes, the article said the requirements to maintain a higher level of capital in banks were the single most important modification. There was a mandate to have a minimum of 10 percent of capital relative to assets. For example, if the bank lends $100 worth of loans, or assets, it can have at most $90 of it own debt to creditors. So, 10 percent of its funding must come from ownership stakes.Losses to bondholders equals crises—they cause panics, according to the article. Losses to shareholders do not cause panics, so higher capital ratios mean that shareholders have more to lose before the bondholders feel vulnerable. Vallandingham said his banks bottom line has taken a hit because of these rules because they are related to, but distinct from their bread-and-butter asset of the home loan. According to many mortgage bankers, the rights to serve mortgages are weighted strictly because they must have 2.5 times the capital for each dollar in mortgage servicing assets.Vallandingham said this is a major hit. They are in the small end, as far as banks go, with just under $200 million in assets, but it services a book of $700 million. When these rules were put in place, it decreased their regulatory capitol by $2 million. This limited the bank’s ability to offer new loans without being in jeopardy of breaking the capitol ratio minimum laws.As far as the future goes, Vallandingham said you either have to sell off you mortgage servicing rights or find a way around it like restructuring so you can continue to service mortgages without incurring capital charges.To read the full article, click here. Share Save Home / Daily Dose / Post Crisis: How Do Banks Continue Servicing Home Loans? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles About Author: Brianna Gilpincenter_img Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily in Daily Dose, Featured, News, Secondary Market Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Servicing Post Crisis: How Do Banks Continue Servicing Home Loans?last_img read more

How Aging in Place Is Restricting Young Homebuyers

first_img Servicers Navigate the Post-Pandemic World 2 days ago About Author: Donna Joseph Home / Daily Dose / How Aging in Place Is Restricting Young Homebuyers Servicers Navigate the Post-Pandemic World 2 days ago Seniors who are aging in place hold 1.6 million housing units off the market, according to the February Insight, released by Freddie Mac on Wednesday. The report sheds light on today’s housing shortage and pointed out that senior choosing to age in place is a key factor contributing to it. This has also been identified as a significant barrier to young adults buying their first homes. “We estimate that approximately 1.6 million more senior households are staying in place than would have been the case if they had behaved like previous generations of homeowners,” said Sam Khater, Chief Economist at Freddie Mac. “For scale, 1.6 million units is roughly the same as the number of new single-family and multifamily housing units built each year, and it represents more than half of the current shortfall of 2.5 million housing units that we estimated in our December Insight.”Khater also indicated that the additional demand for homeownership from seniors will increase the relative price of owning vs renting, “making renting more attractive to younger generations.” “This further highlights the importance of addressing barriers to the production of new housing supply to help accommodate long-term housing demand,” he added. Among the key highlights of the report, seniors born after 1931 were found to be staying in their homes longer leading to higher homeownership rates for this group compared to previous generations. Freddie Mac estimates that 1.1 million existing homes have been held off the market through 2018 by those born between 1931 and 1941. Another 300,000 units are being held off the market by those born between 1942 and 1947, per the report estimates. Baby Boomers born between 1948 and 1958 hold another 250,000 off the market, the report revealed. Quoting data from the Urban Institute, the report stated that 3.4 million millennials are missing out on homeownership. The projection is that the trend of seniors aging in place will continue to record an increase, as both the number of seniors increases and the barriers to aging in place are reduced. Community satisfaction and quality of life were cited as the two reasons keeping senior homeowners in a particular place. Read the full report here. Sign up for DS News Daily Tagged with: Freddie Mac housing shortage Sam Khater Senior Homeownership How Aging in Place Is Restricting Young Homebuyers Share Save Previous: Wells Fargo Gives Homebuyers a LIFT Next: Shedding Light on Reconstruction Costs Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post in Daily Dose, Featured, Market Studies, News, Servicing February 6, 2019 4,358 Views Freddie Mac housing shortage Sam Khater Senior Homeownership 2019-02-06 Donna Joseph The Best Markets For Residential Property Investors 2 days agolast_img read more

Homeowners are Neglecting Flood Insurance

first_img Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Government, News Data Provider Black Knight to Acquire Top of Mind 2 days ago September 9, 2019 1,646 Views About Author: Seth Welborn Related Articles Tagged with: flooding Hurricane Insurance nfip Many homeowners may be facing financial difficulties in Dorian’s aftermath due to a lack of insurance, according to reporting from E&E News. According to E&E, there were 734,445 federal policies in effect in the 59 counties in Florida, Georgia, North Carolina and South Carolina that have been under evacuation orders related to Dorian as of September 4, 2011. That number has dropped to 508,731 as of last week.”A lot of the time what you’ll see is a big spike after a big flood event as people realize flood insurance could be a good investment. Over the next few years it sort of tails down,” said Anna Weber, a Senior Policy Analyst and flood insurance expert at the Natural Resources Defense Council. “There is a certain amount of flood amnesia that happens in communities where a flood doesn’t happen for a while and you want to put your money toward other things.”According to R.J. Lehmann, who analyzes financial services at the R Street Institute,  rising insurance premiums under the NFIP have driven policyholders away. A federal law enacted in 2012 led to substantial premium hikes as Congress sought to reduce the number of policyholders that received discounts.”I do think there’s something to be said for the private insurance industry’s talent at marketing,” Lehmann said. “They are willing to spend money to market it if they had incentive to do so.”The Federal Emergency Management Agency runs the NFIP. In a news briefing yesterday about Dorian, FEMA Associate Administrator Jeffrey Byard declined to speculate about what caused a decline in flood coverage when asked by E&E News.”We’re dealing with human interest and human decisions,” Byard said. “What our job is is to continue to push the insurance message. Whether our citizens take that, that is a personal choice. … Flood insurance is one of the best ways to recover after a disaster.” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago flooding Hurricane Insurance nfip 2019-09-09 Seth Welborn Home / Daily Dose / Homeowners are Neglecting Flood Insurance Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Previous: The Cities at Minimum Risk From a Housing Downturn Next: Foreclosures Driving These Cities to a Crash  Print This Post The Best Markets For Residential Property Investors 2 days ago Share Save 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. The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Homeowners are Neglecting Flood Insurance Subscribelast_img read more

Housing Market Set for a Boom

first_img The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Housing Market Set for a Boom Tagged with: Economy Recession Sales The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago October 31, 2019 1,199 Views Housing Market Set for a Boom Previous: Debt and the Widening Black Homeownership Gap Next: CoreLogic Integrates with Digital Lending Platform Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Homebuilder activity has started to pick back up, now at record high levels, according to Alpha Stock Alert Research Analyst Clint Lee on Banyan Hill. Housing starts still have yet to return to their long-term average, most recently reported at 1.3 million units. Meanwhile, Freddie Mac states that the U.S. faces a housing shortfall of up to 4 million units, though builder confidence has hit new highs.“And the problem will only worsen as the millennial generation starts to reach the peak age of first-time homebuyers, which is typically early 30s,” Hill said. “Fortunately, homebuilding activity has picked up. New home sales are now at their highest level since 2007.”In BuildFax’s September Housing Health Report, Jonathan Kanarek, COO, BuildFax noted that the housing market is beating expectations, even with the threat of recession.“Amidst concerns of a recession, it’s promising to see the housing market responding to the impact of mortgage rate decreases and other positive moves in the market,” he added. “If housing continues showing the promise of growth, or even a leveling off, this activity has the potential to stimulate the larger economy.”Also aiding to the rally is the reported progress being made in trade negotiations between the U.S. and China.“Of the S&P 500 companies that have reported over the last month, just 32 mention recession on their calls,” said Nick Mazing of Sentieo in the CNBC report.Recent economic recovery has slowed talk of a recession, but Duke Professor Campbell Harvey, an expert on the yield curve, warned that the yield curve’s un-inversion in recent week should not be considered a “all clear” sign.A recession may still be on the horizon, he told Business Insider. A negative spread between the three-month and 10-year Treasury yields—known as a yield-curve inversion—has precluded each of the seven economic recessions since 1950. 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. Economy Recession Sales 2019-10-31 Seth Welborn Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Government, News About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

DS5: How Servicers are Adapting Tech to the Crisis

first_img DS5 2020-04-29 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago DS5: How Servicers are Adapting Tech to the Crisis Tagged with: DS5 About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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. Demand Propels Home Prices Upward 2 days ago  Print This Post in Daily Dose, Featured, Government, News, Technology Previous: Today’s Mortgage Relief May Be Tomorrow’s Market Confusion Next: The Industry Pulse: New Partnerships and Market Updates Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / DS5: How Servicers are Adapting Tech to the Crisis Related Articles In the newest episode of DS5: Inside the Industry, we’ll be speaking with William Case. He’s the President and CEO of American Mortgage Service Company. He discusses how lenders and services can leverage technology to improve operational efficiencies.We’ll also be hearing from Ed DeMarco, President of the Housing Policy Council. DeMarco will be sharing his thoughts on recent actions by the federal government to help both homeowners and mortgage servicers.You can watch the full episode here or at the embed below. April 29, 2020 805 Views Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Subscribelast_img read more

Freddie Mac’s CRT Program ‘Came Charging Back’ in Q3

first_img Previous: Forbearance Activity ‘Warrants a Close Eye” Next: The Week Ahead: COVID-19 as ‘A Catalyst for Change’ Sign up for DS News Daily  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago November 6, 2020 1,578 Views Freddie Mac’s CRT Program ‘Came Charging Back’ in Q3 in Daily Dose, Featured, Headlines, News The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Freddie Mac’s Single-Family business announced Wednesday that its Credit Risk Transfer (CRT) program transferred credit risk via $6.4 billion of issuance on $167.3 billion of single-family mortgages from U.S. taxpayers to the private sector in the third quarter of 2020. The issuance included Structured Agency Credit Risk (STACR), Agency Credit Insurance Structure (ACIS), and approximately $1 billion of senior subordination securitization structures and certain lender risk-sharing transactions. Since the beginning of the year, the company has transferred $12.1 billion on $308.6 billion of mortgages.“After taking a pause to assess the impact of the pandemic in the second quarter, Freddie Mac’s CRT program came charging back in the third,” said Freddie Mac’s Mike Reynolds, Vice President of Single-Family CRT. “Several of our offerings were oversubscribed and upsized, suggesting investors were ready for the return of new issuances in this asset class.”Through its flagship offerings, Freddie Mac issued approximately $5.4 billion across four STACR and five ACIS transactions in the third quarter. Among the notable transactions was the STACR REMIC 2020-HQA4 offering, the last scheduled STACR deal tied to LIBOR before the company moved to an alternative reference rate for later issuances. Another was ACIS 2020-AFRM1, the company’s first ACIS Forward Risk Mitigation transaction of 2020, which transfers up to $450 million of credit risk on a reference pool of single-family loans with a maximum unpaid principal balance of $17.3 billion to a diversified panel of 17 insurance and reinsurance participants.As a result of STACR and ACIS on-the-run transactions this quarter, Freddie Mac transferred between 79% (high LTV HQA series) and 85% (low LTV DNA series) of the credit risk on the underlying reference pools, helping to reduce the capital required under the Conservatorship Capital Framework (CCF). As of September 30, 2020, 44% of the Single-Family guarantee portfolio was covered by certain CRT transactions, and conservatorship capital needed for credit risk on this population was reduced by approximately 76% through these CRT transactions based on prescribed CCF guidelines.Since the first CRT transaction in 2013, Freddie Mac’s Single-Family CRT program has cumulatively transferred $64 billion in credit risk on $1.7 trillion in mortgages through STACR, ACIS, certain senior subordination securitization structures, and certain lender risk-sharing transactions.Freddie Mac’s Single-Family CRT programs transfer credit risk away from U.S. taxpayers to global private capital via securities and (re)insurance policies.According to Freddie, “We founded the GSE Single-Family CRT market when we issued our first STACR notes in July 2013. In November 2013, we introduced our ACIS program. Today, CRT serves as the primary source of private capital investment in residential mortgage credit. For specific STACR and ACIS transaction data, please visit Clarity, our CRT data intelligence portal.” Home / Daily Dose / Freddie Mac’s CRT Program ‘Came Charging Back’ in Q3 Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Related Articles 2020-11-06 Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Subscribelast_img read more

Donegal GP says HSE funding for NowDoc could be spent elsewhere

first_img Pinterest Donegal GP says HSE funding for NowDoc could be spent elsewhere Pinterest Twitter Three factors driving Donegal housing market – Robinson Facebook Google+ Twitter A Donegal GP says resources provided by the HSE for NowDoc services could be spent elsewhere.The HSE provides a large budget for NowDoc, in and around 3 and half million however, it’s been claimed that the majority of that budget is being spent on the call centre.Doctor Delap says we don’t need a call centre in every county in the country and says changes could be made to the how that budget is being spent:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/08/tony530.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Meanwhile Donegal Deputy Thomas Pringle says that during a meeting held on the 5th of June, it was clearly stated that money wasn’t the issue and is calling on clarity on the matter:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/08/thomas1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApp Help sought in search for missing 27 year old in Letterkenny Google+center_img NPHET ‘positive’ on easing restrictions – Donnelly Facebook By admin – August 6, 2015 RELATED ARTICLESMORE FROM AUTHOR Nine Til Noon Show – Listen back to Wednesday’s Programme Homepage BannerNews WhatsApp Previous articlePolice must rethink heavy handed operations – McCrossanNext articleVirus rules Morrison out of Derry Galway tie admin News, Sport and Obituaries on Wednesday May 26th 448 new cases of Covid 19 reported today last_img read more

Man arrested in Derry in connection with attempted attack on policeman’s family

first_img By News Highland – May 21, 2012 Guidelines for reopening of hospitality sector published WhatsApp RELATED ARTICLESMORE FROM AUTHOR Twitter WhatsApp Twitter Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week Three factors driving Donegal housing market – Robinson LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Man arrested in Derry in connection with attempted attack on policeman’s familycenter_img Pinterest A 26 yr-old man has been arrested in Derry today in relation to an incident in Drumleck Drive on the 15th of last month.What was described as a viable device was left under a car owned by the parents of a serving police officer. Pinterest Facebook Calls for maternity restrictions to be lifted at LUH Newsx Adverts Facebook Google+ Previous articleSoccer – Another Defeat For HarpsNext articleDeputy Pringle in the High Court seeking to speed up his referendum challenge News Highland Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

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