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 ago 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 Subscribe
HSE warns of ‘widespread cancellations’ of appointments next week Pinterest Twitter WhatsApp Google+ Man arrested in Derry on suspicion of drugs and criminal property offences released WhatsApp News One of the woman targeted in a aggravated burglary earlier this week has spoken about the incident which left her sister in hospital.91 year-old Isa Arthur and her sister 89 year-old Suzy where both pushed to ground by three men who entered their house on Monday evening.Suzy is undergoing an operation today for an injury she sustained during the attack.Gardai are looking for information on a UK registered Silver Ford Focus which may have been involved in the incident in Feddyglass on the Letterkenny to Lifford Road.Isa gave her first interview on the incident to the Shaun Doherty Show – she described what happened:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/07/ISAINTERVIEW.mp3[/podcast] Isa Arthur tells Highland Radio of robbery that left her sister Suzy in hosptial PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Facebook Dail hears questions over design, funding and operation of Mica redress scheme Man arrested on suspicion of drugs and criminal property offences in Derry RELATED ARTICLESMORE FROM AUTHOR Previous articleGardai investigate armed robbery at Lifford Filling StationNext articleSenator Jimmy Harte accuses Senator Brian O’Domhnaill of using special needs pre-schools for political gain News Highland Google+ Facebook Dail to vote later on extending emergency Covid powers Pinterest Twitter By News Highland – July 3, 2013
International riders in the UK are reeling at an unexpected consequence of Brexit ‒ a drastic price hike in Eurotunnel tickets for horses.The Eurotunnel, also known as the Channel Tunnel or Chunnel, is a 50.45-km railway tunnel that runs beneath the English Channel at the Strait of Dover and is the only fixed link between the island of Great Britain and the European mainland.Since January 1 the French-owned tunnel operator has imposed, without notice, a one-way £385 ($665 CAD) surcharge per horse, on top of the £400 ticket for the vehicle.Last year was a transitory stage before the UK’s total withdrawal from the European Union, during which DEFRA ‒ the UK’s food and agriculture agency ‒ did an enormous amount of work to prepare horse transporters for the new documentation required by both their animals and vehicles at border control. However, many have been caught by surprise by Eurotunnel’s decision.Henry Bullen, director of global transportation company Peden, understood the price increase was blamed on the cost of building a new inspection facility near the port at Calais. He hoped it would be swiftly reviewed.The 31-mile Eurotunnel opened in 1994. Horses were not allowed until 2010, in preparation for the London 2012 Olympic Games. The service continued after the Games, and became popular with the hundreds of British riders who compete frequently in continental Europe. A Eurotunnel crossing takes around 35 minutes, with at least four services an hour and minimal boarding time.The shortest sea ferry route, from Dover to Calais, takes 90 minutes not including loading and is often subject to delays and bumpy seas. Ferry crossings cost around £120-200 per transporter, irrespective of how many horses are carried. There is no confirmation yet that ferry operators will raise fees, although a surcharge in the range of £90 per horse is rumoured.Last week Horsesport.com asked Getlink, corporate owner of Eurotunnel, for comment but received no reply.The impact on British riders competing abroad, and on European riders attending shows in the UK and Ireland (which remains in the EU), will not become clear until the worst of the pandemic has passed. Most major UK shows and events have been cancelled since April. Moreover, England is in its third national lockdown.Dane Rawlins, long-time organiser of the Hickstead CDIO, lives in the south of England but has ridden for Ireland since 2011. “We used to manage with the ferry and I guess we will do it again,” he said. “But it could deter European riders from coming here. Our international shows may end up mostly contested by the ‘fake foreigners’ living here like me!“Someone has dropped the ball. The UK used to have a tripartite agreement with Ireland and France which I believe predated the EU. The UK is still top rated on animal hygiene, so what is going on? The government still seems to think of horses as a rich man’s hobby so we would not have been a priority when they were scrambling to reach the trade deal at the very end of 2020.”Of the new EU requirements for horse transportation, truck approval is causing most headaches. Crazily, the new certificates could not be obtained in advance, so people are now driving empty trucks to France and back to achieve this.In November, Eurotunnel advised it would be limiting the number of animals transported by one person at a time to five, although it exempted sport horses and racehorses. That decision distressed the many UK charities coordinating the rehoming of dogs which have been abandoned in Europe. Tags: Brexit, Eurotunnel, Channel Tunnel, Chunnel, price hike, Email* Horse Sport Enews We’ll send you our regular newsletter and include you in our monthly giveaways. PLUS, you’ll receive our exclusive Rider Fitness digital edition with 15 exercises for more effective riding. SIGN UP Subscribe to the Horse Sport newsletter and get an exclusive bonus digital edition! More from News:MARS Bromont CCI Announces Requirements For US-Based RidersThe first set of requirements to allow American athletes and support teams to enter Canada for the June 2-6 competition have been released.Canadian Eventer Jessica Phoenix Reaches the 100 CCI4*-S MarkPhoenix achieved the milestone while riding Pavarotti at the inaugural 2021 CCI4*-S at the Land Rover Kentucky Three-Day Event.Tribunal Satisfied That Kocher Made Prolonged Use of Electric SpursAs well as horse abuse, the US rider is found to have brought the sport into disrepute and committed criminal acts under Swiss law.Washington International Horse Show Returns to TryonTIEC will again provide the venue for the WIHS Oct. 26-31 with a full schedule of hunter, jumper and equitation classes.