first_img Related Articles Previous: Cash Sales Share Falls to Lowest Level Since September 2008 Next: CFPB Deputy Director Announces Departure Fannie Mae announced its intention to auction three pools of residential single-family non-performing loans (NPLs), the GSE’s second-ever bulk NPL sale.This sale includes two larger pools and a Community Impact Pool, which is a smaller geographically-focused, high occupancy pool. Fannie Mae is marketing the Community Impact Pool to encourage bidding by nonprofits and minority- and women-owned businesses (MWOB).The loans being offered for sale are deeply delinquent, sometimes by two years or more, meaning many of them are likely either in some stage of foreclosure or loss mitigation.”The goal of our non-performing loan sales is to be able to offer borrowers additional options to avoid foreclosure, while also reducing the number of seriously delinquent loans in Fannie Mae’s portfolio,” said Joy Cianci, Fannie Mae’s SVP for Credit Portfolio Management. “We hope to inspire opportunities for non-profit organizations, smaller investors, minority- and women-owned businesses and community groups to work together to help more borrowers avoid foreclosure and collaborate on neighborhood stabilization efforts. We recently held a training forum to bring diverse stakeholders together to explore ways to participate in upcoming NPL sales. We’ll learn and evolve our strategy over time to ensure we meet our goals.”Approximately 3,900 loans are contained in the two larger pools with an aggregate unpaid principal balance (UPB) of about $777 million, while the Community Impact Pool contains approximately 75 loans totaling about $11 million in UPB focused in the Tampa, Florida, area. The loans are available for purchase by qualified bidders and are being marketed in collaboration with Credit Suisse, Wells Fargo, and the Williams Capital Group, according to Fannie Mae.Interested bidders should click here to register for ongoing announcements, training, and other information related to the NPL sale, including information about specific pools. Interested nonprofits, MWOBs and community groups should contact Nadja Fidelia at the Williams Capital Group.Fannie Mae held its first-ever bulk NPL sale in May. That transaction included approximately 3,000 deeply delinquent residential single-family mortgage loans totaling about $762 million in UPB. The loans were sold in two pools; the winners were SW Sponsor and Neuberger Berman Fixed Income Funds.Bidders in NPL auctions must meet qualifications set forth by FHFA, Fannie Mae’s conservator. In early March, FHFA issued enhanced requirements for the buyers and servicers of Agency non-performing loans that call for bidders to identify servicing partners at the time of qualification and complete a questionnaire to demonstrate a record of successful loan resolution through foreclosure alternatives. As part of the new requirements, servicers who purchase non-performing Agency loans must apply a “waterfall of resolution tactics” before resorting to foreclosure. in Daily Dose, Featured, News, Secondary Market Servicers Navigate the Post-Pandemic World 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 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. Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Deeply Delinquent Mortgage Loans Fannie Mae Loss Mitigation Non-Performing Loans 2015-07-16 Brian Honea Home / Daily Dose / Latest Fannie Mae NPL Sale Includes Smaller ‘Community Impact’ Pool Sign up for DS News Daily Latest Fannie Mae NPL Sale Includes Smaller ‘Community Impact’ Pool July 16, 2015 1,065 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Deeply Delinquent Mortgage Loans Fannie Mae Loss Mitigation Non-Performing Loans About Author: Brian Honea The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

first_img Servicers Navigate the Post-Pandemic World 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. Share Save Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Beige Book Federal Reserve Residential Real Estate U.S. Economy 2016-04-13 Brian Honea The Best Markets For Residential Property Investors 2 days ago While economic growth continued to expand in the reporting period of late February and early March across the 12 Federal Reserve Districts, the data suggests that the pace of growth varied across most districts, according to the Fed’s latest Beige Book released on Wednesday.“Most Districts said that economic growth was in the modest to moderate range and that contacts expected growth would remain in that range going forward,” the report stated. “Consumer spending increased modestly in most Districts and reports on tourism were mostly positive. Labor market conditions continued to strengthen and business spending generally expanded across most Districts.”For the reporting period, construction and real estate activity generally expanded while contracts maintained a positive outlook for the rest of the year across Districts. Residential real estate activity generally strengthened (on balance) with the most robust growth being reported in the Districts of San Francisco, Cleveland, and Boston, while the Districts of Dallas, Kansas City, and Atlanta reported more mixed residential real estate reports.While multi-family construction remained strong in most Districts during the reporting period, the Districts of Chicago, Cleveland, and St. Louis noted improvement in the demand for single-family home construction, according to the Fed. The San Francisco District noted improvement in the demand for single-family home construction and reported a backlog of more than six months for new single-family units, the Fed reported.Most Fed Districts reported improved credit conditions (on net); in the Dallas District, however, contacts reported that the lending outlook remained cautious, according to the Fed. Most Districts noted growth in lending for commercial real estate; for consumer lending, the New York, Cleveland, and San Francisco Districts all reported that the demand had increased for residential mortgages. The Dallas District indicated, however, that growth in mortgage loan volumes had slowed during the reporting period, according to the Fed.Click here to view the entire Beige Book for April 2016. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Republicans’ Assault on Dodd-Frank Continues Next: Staying Ahead of the Threat: Why Security Awareness is Vital to Your Organization Economic Growth Mixed Across Fed Districts About Author: Brian Honea Tagged with: Beige Book Federal Reserve Residential Real Estate U.S. Economy April 13, 2016 1,103 Views center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Economic Growth Mixed Across Fed Districts Subscribe Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Market Studies, News  Print This Post The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

first_img 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. About Author: Seth Welborn Home / Daily Dose / FHFA Issues Update on GSE Guarantee Fees in Daily Dose, Featured, Government, News, REO December 19, 2019 2,739 Views Demand Propels Home Prices Upward 2 days ago Tagged with: Fannie Mae FHFA Freddie Mac Fannie Mae FHFA Freddie Mac 2019-12-19 Seth Welborn  Print This Post Previous: Wells Fargo Partners with Habitat for Humanity Next: New York’s Battle Against Zombie Homes Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago FHFA Issues Update on GSE Guarantee Feescenter_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Federal Housing Finance Agency (FHFA) has released its annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac (the Enterprises). The Housing and Economic Recovery Act of 2008 requires FHFA to conduct an ongoing study of the guarantee fees charged by the Enterprises and to submit a report to Congress each year.Guarantee fees are intended to cover the credit risk and other costs that the Enterprises incur when they acquire single-family loans from lenders. These include projected credit losses from borrower defaults over the life of the loans, administrative costs, and a return on capital. The report compares year-over-year 2018 to 2017 and provides data over five years back to 2014.  Significant findings of the report include:For all loan products combined, the average single-family guarantee fee in 2018 increased 2 basis points to 55 basis points.  The upfront portion of the guarantee fee, which is based on the credit risk attributes (e.g., loan purpose, loan-to-value ratio, and credit score), was unchanged at 15 basis points.  The ongoing portion of the guarantee fee, which is based on the product type (fixed-rate or adjustable-rate, and loan term), increased 2 basis points to 40 basis points.The average guarantee fee in 2018 on 30-year fixed-rate loans was unchanged at 56 basis points, while the fee on 15-year fixed-rate loans increased by 1 basis point to 37 basis points.  The fee on adjustable-rate mortgage (ARM) loans fell 4 basis points to 54 basis points.Higher interest rates accompanied by increasing house prices in 2018 led to a smaller share of both rate-term refinances and 15-year loans acquired by the Enterprises.  The larger share of purchase loans and a growing focus on pilot programs for first-time homebuyers and affordable housing led to a slight increase in the share of loans with higher loan-to-value (LTV) ratios and lower credit scores. Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

first_img Freddie Mac Servicing 2020-02-28 Seth Welborn  Print This Post 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. Tagged with: Freddie Mac Servicing Subscribe About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles The Best Markets For Residential Property Investors 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 in Daily Dose, Featured, Government, News Freddie Mac has announced the nine winners of its 2019 Servicer Honors and Rewards Program (SHARP), which annually recognizes mortgage loan Servicers for superior servicing portfolio performance. SHARP is a rewards program based on a Servicer’s Servicer Success Scorecard ranking. Servicers that have more than 20,000 Freddie Mac master-serviced loans are automatically enrolled in SHARP, which provides performance incentives through rewards and recognition. Click here to learn more about the Freddie Mac SHARP program.According to Freddie Mac, SHARP is aligned with the GSE’s Reimagine Servicing effort to transform the servicing landscape while focusing on outstanding customer service and positive efforts to prevent and alleviate loan delinquencies.“The SHARP awards represent quality servicing, risk management and sustainable homeownership – and we’re excited to recognize and celebrate the success of our clients,” said Yvette Gilmore, VP of Servicer Relationship and Performance Management for the Single-Family Business at Freddie Mac. “We honor our Servicers for their continued dedication to servicing mortgage loans, assisting borrowers and reducing the complexity of the loan servicing process.”“SHARP enables Servicers to make data driven operational decisions that advance their efforts to help borrowers, minimize credit risk and reduce their costs,” added Bill Maguire, vice president of servicing portfolio management at Freddie Mac. “SHARP is one of our foundational tools to quality servicing.”The 2019 SHARP Award Winners include :Clients servicing 200,000 or more Freddie Mac mortgagesGold: Wells Fargo Bank, National AssociationSilver: Mr. CooperBronze: Bank of America, National Association & Quicken Loans Inc.Clients servicing between 75,000 and 199,999 Freddie Mac mortgagesGold: Pingora Loan Servicing, LLCSilver: Freedom Mortgage CorporationBronze: AmeriHome Mortgage Company, LLCClients servicing between 20,000 and 74,999 Freddie Mac mortgages.Gold: USAA Federal Savings BankSilver: CMC Funding, Inc.Bronze: MUFG Union Bank, National Associationcenter_img The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Recognizing Excellence in Servicing Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Recognizing Excellence in Servicing February 28, 2020 1,308 Views Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Richard Cordray Reviews His Time at CFPB Next: Fed Chair Responds to Coronavirus Fears Share Savelast_img read more

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Journal, News About Author: Eric C. Peck  Print This Post Share Save 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 Black Knight Delinquencies Foreclosures moratorium 2021-02-24 Eric C. Peck Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Black Knight Delinquencies Foreclosures moratorium February 24, 2021 1,214 Views Home / Daily Dose / Roughly 2.1 Million Homeowners Remain 90+ Days Overdue Sign up for DS News Daily Roughly 2.1 Million Homeowners Remain 90+ Days Overdue Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Black Knight has reported that in January 2021, the national mortgage delinquency rate fell to 5.9%, a 0.9% monthly drop from December 2020’s rate of 6.08%. This marked the first time since March 2020 when the national delinquency rate dipped below the 6% mark.Recovery continues to crawl, but remains steady, as nearly 2.1 million U.S. homeowners remain 90 or more days past due, but not yet in foreclosure–1.7 million homeowners more than at the same time last year or five times pre-pandemic levels.In an effort to ‘deliver immediate relief’ to homeowners during a national health crisis, President Joe Biden extended the national moratorium on home foreclosures for federally-backed mortgages through the end of June 2021. It was previously set to expire March 31, 2021.Black Knight also found that foreclosure starts were down 86% year-over-year in January, with sales activity down more than 95%.And while government intervention has reduced near-term risk, such actions will likely offset recovery times and extend the length of the housing recovery period. At the current rate of improvement, approximately 1.8 million U.S. mortgages will still be seriously delinquent at the end of June when foreclosure moratoriums on government-backed loans are currently slated to lift.Also in January, Black Knight found that prepayment activity fell by 17% from December 2020, but was still more than 85% higher than it was at the same time last year.Recent rate increases may further impact prepay rates, as last week, Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) showed the 30-year fixed-rate mortgage (FRM) hitting the 2.81% mark, up 0.08% over the previous week. Previous: Single-Family Temporary Flexibilities Extended, FHA Announces Next: California’s Last Legislative Session Left Housing Advocates Disappointed The Best Markets For Residential Property Investors 2 days agolast_img read more

first_imgHomepage BannerNews Previous articleCalls for lamb factories to stop price cutsNext articleSubstantial increase in trading of illegal tobacco in Co. Donegal. admin By admin – June 25, 2015 Pinterest Three factors driving Donegal housing market – Robinson Gardai charging for events to be policed deemed unacceptable Twitter Nine Til Noon Show – Listen back to Wednesday’s Programme Twitter Facebook RELATED ARTICLESMORE FROM AUTHOR Google+center_img News, Sport and Obituaries on Wednesday May 26th Pinterest 448 new cases of Covid 19 reported today WhatsApp WhatsApp NPHET ‘positive’ on easing restrictions – Donnelly Help sought in search for missing 27 year old in Letterkenny Google+ Calls have been made for a change in legislation in which Gardai charge for events to be policed.In one case, a charity event had to foot a four thousand euro bill for Gardai to be present on the day.The legislation has been condemned by Donegal Deputy and Sinn Fein’s Justice Spokesperson, Padraig Mac Lochlainn and he is calling for it to be stopped:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/06/pad1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Facebooklast_img read more

first_img Guidelines for reopening of hospitality sector published Google+ WhatsApp Jim McGuinness describes Letterkenny’s ‘homecoming’ bid as “disrespectful” Pinterest News Pinterest WhatsApp Jim McGuinness has acknowledged that his opposite number James Horan has every right to exploit the discussion over the venue for any potential Donegal homecoming after the All-Ireland football final.The Donegal manager described the attempt to influence the venue for a homecoming by the Letterkenny Chamber as “disrespectful”McGuinness said it is something that shouldn’t have happened adding that it’s in bad taste:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/09/jimHOMECOMING.mp3[/podcast] Twitter Facebook Calls for maternity restrictions to be lifted at LUH center_img Previous articleMan seriously injured in Letterkenny – Gardai do not suspect assaultNext articleDerry charges against Marian Price re-instated News Highland Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitter RELATED ARTICLESMORE FROM AUTHOR Facebook Three factors driving Donegal housing market – Robinson LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey By News Highland – September 6, 2012 last_img read more

first_img RELATED ARTICLESMORE FROM AUTHOR LGH Manager says 2013 targets were met despite severe pressures Almost 10,000 appointments cancelled in Saolta Hospital Group this week By News Highland – January 27, 2014 Google+ Google+ Need for issues with Mica redress scheme to be addressed raised in Seanad also WhatsApp News Pinterest Calls for maternity restrictions to be lifted at LUH Facebookcenter_img Twitter Pinterest Previous articleFianna Fail Cllr says huge challenges lie ahead for Donegal County CouncilNext articleNo major ESB problems reported after a night of gale force winds News Highland The manager of Letterkenny General Hospital says while media attention has been on the facility’s restoration and rebuilding programme in the aftermath of last July’s flooding, the reality is that the main focus of staff and management has been to deliver patient care.Sean Murphy told a weekend press briefing that despite that fact that that over 40% of the hospital’s capacity was lost for five months, waiting list and care delivery targets were met.It’s also emerged that a Nursing and Midwifery Board inspection late last year has led to a very positive report.Paying tribute to the hospital’s staff, Sean Murphy said a lot was achieved…………[podcast]http://www.highlandradio.com/wp-content/uploads/2014/01/murftargets.mp3[/podcast] WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Facebook Twitter Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Guidelines for reopening of hospitality sector published last_img read more

first_img Twitter LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Google+ Calls for maternity restrictions to be lifted at LUH Google+ Twitter Facebook By News Highland – March 16, 2011 Pinterestcenter_img News WhatsApp 8 people on trolleys at Letterkenny General Hospital Previous articleDetails of Donegal Homecoming Initiative revealedNext article21st Birthday Bash – March 2011 News Highland Guidelines for reopening of hospitality sector published The latest figures from the Irish Nurses and Midwives Organisation show a peak in those awaiting treatment on trolleys at Letterkenny General Hospital.According to figures compilled this morning 8 people are on trolleys at the hospital.Today there are 446 people on trolleys across the country’s hospitals. Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Pinterest RELATED ARTICLESMORE FROM AUTHOR Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

first_img Twitter Dail to vote later on extending emergency Covid powers WhatsApp Facebook Google+ HSE warns of ‘widespread cancellations’ of appointments next week WhatsApp Dail hears questions over design, funding and operation of Mica redress scheme Pinterest Facebook RELATED ARTICLESMORE FROM AUTHOR Google+center_img Twitter Man arrested in Derry on suspicion of drugs and criminal property offences released Previous articleShock in Derry at sudden death of Ryan Mc BrideNext articleIrish football community is in shock following the death of Derry City captain Ryan McBride News Highland By News Highland – March 20, 2017 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Pinterest There are further calls for the Gynacology Clinic at Dungloe Community Hospital to be reinstated.In 2014 both the Gynaecology and Ante-Natal clinics were suspended after consultant posts failed to be filled.Earlier this year the Ante-Natal clinic was restored.However Councillor Micheal Cholm Mac Giolla Easbuig says following a number of protests and meetings with the HSE he will continue to fight for the return of the Gynaecology clinic…………..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2017/03/dunglow1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Homepage BannerNews Fight goes on to restore Dungloe Gynaecology clinic – Mac Giolla Easbuiglast_img read more