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_imgWoodland Park Police(WOODLAND PARK, Colo.) — A security video of a young Colorado mother shopping at a grocery store with her baby on Thanksgiving Day was released by police in hopes it will prompt new leads in her mysterious disappearance.The video released Tuesday night by Woodland Park, Colo., police shows Berreth, 29, entering a Safeway store near her home with her baby in a car seat. Berreth is seen getting a shopping cart before she goes out of the view of the camera.Police officials said the video was taken at 12:27 p.m. on Nov. 22 and is the last confirmed sighting of Berreth.While the footage does not show Berreth leaving, police said her fiancé, Patrick Frazee, the father of her child, told investigators he met Berreth later that day to pick up their daughter. Berreth and Frazee do not live together, her relatives said.Berreth, a flight instructor, hasn’t been seen since.Frazee has yet to publicly comment on Berreth’s disappearance. He declined to speak with an ABC News reporter on Tuesday when contacted at his home and also outside the office of an attorney. On both occasions, he had his daughter with him.Woodland Park Police Chief Miles De Young told reporters earlier this week that Frazee has been cooperating with investigators in the missing person case and that he is not a suspect.Berreth was reported missing on Dec. 2 by her mother, Cheryl Berreth.“This is completely out of character,” Cheryl Berreth said at a news conference on Monday. “Kelsey loves her dog, she loves her family and friends and she loves her job.”She said her daughter is “not the kind that runs off.”Further deepening the mystery is a ping from Berreth’s cellphone that was detected by police on Nov. 25 near Golding, Idaho, some 700 miles from Woodland Park. But police have found no other evidence of Berreth in Idaho, officials said.De Young said that on the same day Berreth’s cellphone pinged in Idaho, her employer, Doss Aviation, in Pueblo, Colo., received a text message presumably from Berreth stating that she would not be able to work the following week.Berreth’s worried mother said that “someone knows where she’s at” and directed a message to Berreth, asking her to return.“Kelsey, we just want you home,” Cheryl Berreth said. “Call us if you can and we won’t quit looking.”Copyright © 2018, ABC Radio. All rights reserved.last_img read more