Historical Performance Data Finally Released

first_imgSign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago 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, TX. Born and raised in Texas, Kendall now works as the online editor for DS News. July 27, 2016 1,408 Views Fannie Mae releases historical performance data that provides the market with the ability to analyze the performance of approximately 700,000 loans in Fannie Mae’s book of business that were modified due to delinquency, according to an announcement from the company. The report states that this population includes modified loans that are current, delinquent, or liquidated post-modification.According to Fannie Mae, this data is being released in conjunction to the re-performing loan (RPL) securitization program announced earlier this year in April 2016.The report states that the population of loans in this particular dataset is made up of single-family loans that had been permanently modified between January 1, 2010 and December 31, 2015 into step-rate or fixed-rate mortgages, with modification terms from 180 to 480 months.These were revised under various modification programs, including HAMP and Streamlined Modifications and certain mortgage loans, including government mortgage loans, non fixed-rate or step rate monthly paying loans, and modified loans allowing for forbearance, were excluded from the dataset.It is noted that the performance data for the modified single-family loans in the dataset has been divided into two text files categorized as Loan Detail and Performance. For the Loan Detail file, data includes static mortgage loan data at the time of the mortgage loan’s modification as well as the loan’s initial origination.In regards to the Performance file, it provides the monthly performance data for each mortgage loan from its first payment date per the modification terms through March 2016, or until a voluntary or involuntary prepayment for the loans become 120+ days delinquent six months after the modification. Additionally, the Performance file contains approximately 25 million records related to performance information.“We are pleased to share this data, which will enable investors to better understand the expected performance of Agency MBS backed by our re-performing loans,” said Bob Ives, Head of Retained Portfolio Asset Management, Fannie Mae. Servicers Navigate the Post-Pandemic World 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago About Author: Kendall Baer Tagged with: Delinquency Fannie Mae Demand Propels Home Prices Upward 2 days ago Previous: Ocwen Remains Positive Despite Another Quarterly Loss Next: Serious Delinquencies Continue to Seriously Decline Demand Propels Home Prices Upward 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Historical Performance Data Finally Released The Best Markets For Residential Property Investors 2 days ago  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Historical Performance Data Finally Released Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Delinquency Fannie Mae 2016-07-27 Kendall Baer Related Articleslast_img read more

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Calm Snake Bites

first_imgNo one anticipates being bitten by a snake. But accidents do happen. And with a snakebite, remaining calm is essential, says a University of Georgia wildlife expert.”If you’re bitten by a nonvenomous snake, you can either just do nothing or wash the bitten area with soap and water,” said Jeff Jackson, an Extension Service wildlife specialist and a professor in the D.B. Warnell School of Forestry at UGA. Jackson said sometimes a venomous snakebite can be harmless, too, if the snake didn’t inject venom. “Don’t take a chance, though,” he said. “If a venomous snake bites you, make reasonable haste to the nearest hospital.” Stay calm, he said, and immobilize the bitten area. “Never cut into the bite,” he said, “unless you’re a true expert.” Farm workers, children playing outdoors and snake handlers are the most frequent snakebite victims. Jackson said bites of pit vipers cause intense pain. “They hurt worse than a bee sting,” he said. “Coral snakes are an exception. They don’t hurt much.” The good news for snakebite victims is that nearly everybody recovers. The U.S. snakebite fatality rate is less than 1 percent. This includes people who refuse treatment. “In short, very few people die of snakebite,” Jackson said. “You are 20 times more likely to be killed by lightning than by a snake.”last_img read more

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Johnson City Police locate larceny suspect

first_imgLaw enforcement says tips can be made anonymously to the Johnson City Police Department at 607-798-9318. They also say tips can be directly messaged to them on Facebook. JOHNSON CITY (WBNG) — According to Johnson City Police, the suspect has been located. JAN. 8 UPDATE: JOHNSON CITY (WBNG) — The Johnson City Police Department is asking the public for help with its investigation into a larceny. —————- A location where the larceny occurred was not provided as of Tuesday afternoon. PHOTO SOURCE: Johnson City Police Departmentlast_img

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The 7th Tourist Forum of Continental Tourism has been announced with the topic: Gastronomy – a tourist product of Croatia

first_imgAfter a short break, last year as part of the Vinkovci Autumn, the organization of the continental tourism forum in Vukovar-Srijem County continued with the topic “Tourism events” which delighted all present and showed the need and interest and the importance of gathering tourism professionals around professional topics and sharing experiences and reflections.This year, the tradition continues, and HGK ŽK Vukovar and the Tourist Board of Vukovar-Srijem County are organizing the 7th Tourist Forum of Continental Tourism with the theme: “Gastronomy – a tourist product of Croatia” which will be held in Vinkovci, September 13 and 14, 2017. . This year, the forum will be part of the Vinkovci Autumns program, and is dedicated to gastronomy as a tourist product and local food in the tourist offer.On the first day of the forum, eminent experts from the tourism and hospitality sector will hold a series of presentations and lectures, and on the second day there will be a panel discussion on “Domestic food in the tourist offer” with panelists and traditional hoteliers. For the second day of the Forum, a trip to EDEN destination of excellence (Vukovar – Vučedol – Ilok) is planned, which includes a visit to the Museum of Vučedol Culture and Ilok Cellars. As an attachment, we provide you with the complete program of the Forum, and all those interested can apply via the online form at the following address: Application form or to our email [email protected]last_img read more

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Children of mixed marriages struggle to return home during pandemic

first_imgIndonesian Mixed-Marriage Society (PerCa) chairwoman Juliani W. Luthan said families in Indonesia like Lucy’s had struggled to meet up with their children abroad because of rules on renouncing dual citizenship and they lacked stay permits.The 2006 law on citizenship stipulates that mixed-marriage children have limited dual citizenship until they turn 18 or are married. They then have until 21 to choose one citizenship, otherwise they automatically lose the right to choose and the government will only recognize their foreign citizenship.She said those who opted to renounce their Indonesian citizenship usually did so to receive an education abroad. They also often prefer to not apply for stay permits because they live outside Indonesia and use only visitor visas to visit their family members in Indonesia.Read also: Indonesia to offer exemptions from temporary ban on foreigners Jakarta resident Lucy had hoped that she and her French husband would reunite with their firstborn son by June this year in Indonesia after last seeing him last Christmas. However, the COVID-19 pandemic has foiled their plan.Their 24-year-old son, now a French citizen, cannot visit his family with a visa on arrival due to current Indonesian immigration rules. Meanwhile, Lucy is unable to apply for a temporary stay permit for him because the application process requires that foreigners be physically present in Indonesia.“Honestly, I am always worried about the kids but I never show it, or else they will be even more worried,” said Lucy, who hopes that the immigration authorities will ease procedures for mixed-marriage children. The latest regulation issued by the Law and Human Rights Ministry to respond to the pandemic generally bars foreigners from entering Indonesia unless they have a temporary stay permit (ITAS) or permanent stay permit (ITAP) with a valid entry permit.As a result, children of mixed marriages who have relied on visitor visas to get to Indonesia now face challenges visiting their families.“The children then have no choice but to stay in their respective countries,” Juliani told The Jakarta Post.She recommended that the government ease procedures for mixed-marriage couples, especially if they had documents that proved they had family in Indonesia.“They are not tourists. They are people who want to meet their family,” said Juliani.Children with dual citizenship have long been dealing with citizenship or immigration problems, even before the pandemic hit, experts said in a webinar on Monday.Ike Farida, a lawyer familiar with the issue, said children were losing their Indonesian citizenship because they were late to process it, with some families making the incorrect assumption that applications could be fully processed shortly before their children turn 21 years old.Children who study abroad also often faced the dilemma of whether or not to drop their citizenship halfway through their education, Ike said.Mixed-marriage families who fail to obtain an affidavit risk having their child lose their Indonesian citizenship. The affidavit is used to prove that their children have the right to dual citizenship and are thus allowed to enter Indonesia with two passports.Ike suggested that authorities revise the Citizenship Law to give children more time to choose one citizenship. The amendment, she said, should also treat children who lost their Indonesian citizenship as “ex-Indonesian citizens” when they want to reapply for it instead of foreign nationals, who must go through a complicated naturalization process.Read also: Mixed-marriage families struggle to stay together during pandemicLaw and Human Ministry director for state administration Baroto said he was striving to revise certain regulations to provide quick fixes for problems faced by children with dual citizenship who have not registered their Indonesian citizenship.The ministry, he said, had been developing an application called SAKE that allowed children with two citizenships to apply for an Indonesian citizenship online.The immigration’s head of stay permits, Burhanuddin, said in a recent public discussion that his team was currently formulating a circular that would lay down the basis to process online stay permit applications, although no dates have been announced as of Wednesday.Mixed-marriage families are not alone in raising such concerns. Indian citizen and ITAS holder Aruna said her 18-year-old son could not go back to Indonesia since the country had closed its borders to foreigners in March because her son usually used a visa on arrival for short stays and a visa for social visits for longer ones.Aruna’s son is now left stranded in London. His university has been closed throughout the pandemic and his accommodation contract has expired.He now spends much of his time outside looking for accommodation, despite the dangers of being exposed to the virus, according to Aruna.“I cannot eat or sleep peacefully. Any parent who is separated from their kid will understand this pain. I feel terrible as a parent when I think that I did not protect my kid. I do not know when I am going to see my son again and hence I choke with sadness as I write this,” Aruna wrote to the Post on Tuesday.Topics :last_img read more

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Asset managers see protracted uncertainty plaguing markets

first_imgIn early analyses of the UK’s shock vote to leave the European Union (EU), asset managers stress the uncharted nature of the political process Britain is about to embark on and the prolonged uncertainty this may mean for financial markets.While some firms point to the emergence of buying opportunities following initial market tumbles, others are revising down growth forecasts for the UK.In particular, the UK referendum result – which last night saw 52% of votes cast in favour of leaving the EU against 48% to remain in – heightens the risk of further disintegration of the union by fuelling exit pressure within other countries including Italy, Germany and France, to exit, they say.Strategists and portfolio teams at BlackRock said: “We expect the UK divorce to be messy, drawn out and costly.” It will involve unpacking UK and EU laws and striking trade deals with a spurned EU and the rest of the world, they said.“We expect potential losses in services exports and investment flows to overwhelm any benefits of lower payments to the EU,” BlackRock said.The vote to leave is likely to be a catalyst for a series of highly unpredictable political dynamics, according to Legal and General Investment Management (LGIM)’s Hetal Mehta, European economist, and strategist Christopher Jeffery.They pointed out that UK prime minister David Cameron has so far said that the decision on when to trigger that withdrawal process will be a matter for his successor. “The referendum result is only politically, not legally, binding on the UK government,” the pair said in a commentary. “It is unclear, at this stage, whether the UK’s decision to leave will require ratification by Parliament in the coming weeks.”Since more than two-thirds of members of Parliament supported the ‘remain’ campaign, this is unlikely to be a particularly harmonious process, and a fresh general election cannot be ruled out, Mehta and Jeffery said.Candriam said that, even though the Lisbon Treaty of 2007 clarified the process for a member state to exit the EU, what would actually happen now was far from clear.“The referendum is, indeed, only an advisory referendum,” it said, adding that it could be weeks or months before formal approval comes from Parliament.It pointed out that, when Greenland decided to leave the European Community in 1982, it took three years to reach a deal. “The UK has 65m inhabitants, it exports a myriad of goods and services to the EU – 40% of its exports – and is financially deeply integrated with the EU,” Candriam said.The negotiation process between the EU and the UK is bound to be long and complex, with numerous political and legal hurdles, and the effect of this on the economy will be difficult to assess, it said.At State Street Global Advisors, global CIO Rick Lacaille, said: “While the vote to leave has immediate market implications, over the longer term, observers will be wary of the impact the vote has on other nationalist and protectionist movements – both in Europe and elsewhere.”Nationalist parties will feature prominently in elections next year in Germany and France, he predicted.“There is the potential for knock-on consequences for market-moving issues like trade, labour mobility and foreign investment,” Lacaille said, adding that just how the EU balanced facilitating a swift UK exit to reduce risk as quickly as possible, and discouraging similar movements in other countries, was key.David Page, senior economist at AXA Investment Managers, said the referendum result had prompted it to revise down its UK GDP forecast for 2017 to 0.4% from 1.9%.The UK economic outlook is likely to be hit severely by the decision to leave, and the economy seems to have sagged under the uncertainty of the referendum itself, with deferral of activity, he said.“The decision to leave the EU looks likely to make much of this deferral permanent,” Page said. Rory Bateman, fund manager and head of UK and European equities at Schroders, said the sharp fall seen in the UK stock market was a de-rating and not a fundamental earnings decline.“Given that over 78% of FTSE 100 revenues are derived overseas, as well as the incremental effect from weaker sterling, it seems unlikely there will be a significant earnings hit, despite the expectations the UK economy will suffer post the Brexit result,” he said.Value opportunities could emerge, and firms with global exposure may outperform, Bateman said.“At some point, there will be a compelling value opportunity for European equities, induced by the market rapidly pricing in a worst-case scenario driven by Brexit,” he said.Bateman said that, even though there appeared to be no Brussels ‘Plan B’ for the Brexit outcome, EU authorities may quickly say that a Free Trade Arrangement is unacceptable without free movement of people.“However, the UK is unlikely to accept free movement of people given that immigration has been the central tenet of the Brexit campaign,” he said.On the manufacturing side, the UK could well adopt World Trade Organisation (WTO) tariff arrangements, which would at least be quantifiable across different sectors, he said – for example, 10% for the car industry.The market would quickly price the consequences of the tariff change in, he predicted.Neuberger Berman struck a calming note in its commentary, cautioning against reacting as if this were a second “Lehman moment”.“The likelihood of at least medium-term damage to the UK economy from a leave vote, as well as pronounced market volatility on the back of political uncertainty for the UK and the EU as a whole, did lead us to adopt a relatively neutral stance in portfolios coming into the vote,” it said.But it had also positioned neutrally, partly to make sure investors were in a position to take advantage — potentially by adding to riskier assets based on a longer-term view of fundamentals, the firm said.The European Central Bank (ECB) said it was closely monitoring financial markets in the wake of the referendum result and was in close contact with other central banks.“The ECB stands ready to provide additional liquidity, if needed, in euro and foreign currencies,” it said in a statement.The bank said it had prepared for this contingency in close contact with the banks it supervises and considered the euro area banking system to be resilient in terms of capital and liquidity.Mark Carney, the governor of the Bank of England, said this morning that, as a backstop, and to support market functioning, the UK central bank was ready to provide more than £250bn (€326bn) of additional funds through its normal facilities.“In the coming weeks, the Bank will assess economic conditions and will consider any additional policy responses,” he said.BlackRock said the magnitude and volatility of the British pound’s fall would probably trigger further responses from the Bank of England. “We expect the central bank to cut its 0.5% policy interest rate to zero soon, and see it returning to quantitative easing rather than pushing rates into negative territory,” it said.Credit rating agencies are expected to adopt negative outlooks for UK government bonds, with downgrades to follow quickly, according to BlackRock.last_img read more

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Clippers Men’s Basketball Remain Undefeated In NWAC West Region

first_imgFacebook0Tweet0Pin0Submitted by South Puget Sound Community CollegeSPSCC Clipper Men’s Basketball has rolled last season’s success into the 2017-18 season and outlooks are good.The men are currently ranked in first place in the NWAC West Region with a record of 9-0 and ranked number six in the NWAC overall according to the coaches’ poll released on Feb. 6.  The Clippers have led the NWAC in scoring defense since the start of West Region play, allowing 63.9 points per game.  The Clippers have also been fourth in the NWAC this season in rebound margin per game.SPSCC has prevailed with an 18-6 record with a tough schedule that included 14 out of 15 non-conference games on the road.Academically, all four of the team’s sophomore athletes are set to graduate with associate degrees in June and the team stands strong with a team grade point average of 3.06.  Several players are actively being recruited by four-year universities.Sophomore students from the men’s and women’s teams will be celebrated at Sophomore Night on Wednesday, Feb. 28, at home versus the Grays Harbor Chokers.  Women will play at 6:00 p.m. and men will tip off at 8:00 p.m.The next home game for the Clippers is Saturday, Feb. 17 versus Pierce College.  Women will play at 1:00 p.m. followed by the men at 3:00 p.m.The Clippers Men’s Basketball are currently ranked number one in the NWAC West Region. Photo courtesy: SPSCClast_img read more

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