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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Nominating Committee Will Interview Seven Candidates To Fill IURC Vacancy

first_imgThe Indiana Utility Regulatory Commission (IURC) Nominating Committee will interview seven candidates to fill a vacancy created by Commissioner Angela Weber’s term expiration.The following seven candidates applied to fill the vacancy and will be interviewed Friday, April 20:Yvonne DeanStefanie KrevdaJay PotestaSusan SmithMarcus TurnerTristan VanceTony WalkerInterviews will take place in Indianapolis at the Ports of Indiana (150 West Market Street, Suite 100) from 10 a.m. to 2:30 p.m. and will be live-streamed at https://Indiana.adobeconnect.com/Indiana.Following the interviews, the committee will present Gov. Eric J. Holcomb a list of three qualified candidates from which he may select a new commissioner to fill the vacancy and serve a new four year term.Members of the nominating committee are Committee Chairman Allen Paul, Mike Micka, Paul Okeson, Bill Davis, Jeb Bardon, Greg Server and Jonathan Little.FacebookTwitterCopy LinkEmailSharelast_img read more

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Amid pandemic, Trump administration asks Supreme Court to overturn Obamacare

first_imgJPecha/iStockBy DEVIN DWYER, ABC News(WASHINGTON) — In the midst of a pandemic and without an alternative health plan of its own, the Trump administration formally called on the U.S. Supreme Court to completely strike down the Affordable Care Act.The administration makes the case in a legal brief filed Thursday in the case brought by 20 Republican-led states that want to completely invalidate the law. The justices will hear oral arguments as soon as October, which is just weeks before the general election.Two lower federal courts have ruled that the ACA’s individual mandate is unconstitutional after the GOP Congress in 2017 zeroed out the penalty for going without health insurance. Both courts called into question the viability of the entire law without the mandate.“The individual mandate cannot be severed from the remainder of the ACA,” writes Trump solicitor general Noel Francisco. “The entire ACA thus must fall with the individual mandate.”California and 19 other Democrat-led states are defending the law.Former Vice President Joe Biden defended Obamacare Thursday at a campaign stop focused on health care, saying doing away with the ACA during a pandemic could be particularly harmful to many that need health care the most.“I think it’s cruel. It’s heartless. It’s callous. And it’s all because, in my view, he can’t abide the thought of letting stand on one of President Obama’s greatest achievements, the Affordable Care Act,” Biden said of the administrations’ lawsuit.Biden warned those who have survived COVID-19 and have subsequent health issues could be especially at-risk.“They would live their lives caught in a vise between Donald Trump’s twin legacies: his failure to protect the American people from the coronavirus and his heartless crusade to take health care protections away from American families,” Biden said.The ACA has sharply reduced the number of uninsured Americans since 2010, covering 20 million more people than if the law had not taken effect, according to the nonpartisan Kaiser Family Foundation.Speaker of the House Nancy Pelosi issued a statement late Thursday night, calling the Trump administration’s decision “unfathomably cruelty” to “rip away the protections and benefits of the Affordable Care Act in the middle of the coronavirus crisis.”“There is no legal justification and no moral excuse for the Trump Administration’s disastrous efforts to take away Americans’ health care,” she said.Industry groups and independent health care analysts say abruptly wiping out Obamacare would mean a highly disruptive shift in the health care of millions of Americans.An estimated 52 million Americans have preexisting health conditions that insurers could have denied coverage to under pre-ACA rules in most states, the foundation said.Preexisting condition protections and Obamacare insurance subsidies remain in place, for now, as the case continues, but could be at risk.The case marks the third time the justices will consider the constitutionality of the Affordable Care Act since it was signed by President Barack Obama in 2010. Chief Justice John Roberts in 2012 famously cast the decisive vote, siding with the court’s liberal justices to uphold the law. Copyright © 2020, ABC Audio. All rights reserved.last_img read more

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Rainforest Dream Wins Public Vote for Percival Plinth

first_imgFacebook0Tweet0Pin0 Submitted by City of OlympiaRainforest Dream by Anacortes artist Leo E. Osborne is the popular winner of the Peoples’ Choice Award, and will be purchased by the City of Olympia following exhibition on Percival Landing.A public vote was held July 26-September 3, 2013, with voters indicating their top choice among the exhibition of loaned sculptures along Percival Landing.  A total of 374 votes were received during the voting period.  With 85 votes, Rainforest Dream by Leo E. Osborne was the front runner, with Breaking Free by Olympia sculptor Willow Wicklund coming in as runner up with 66 votes..  The remainder of the votes were distributed among 10 other sculptures.  Comments regarding why Rainforest Dream appealed to voters include the quality of craftsmanship, realism, beauty of the sculpture, and the color and variety of texture incorporated into the work.The winner was announced at the Olympia City Council meeting on October 1, 2013.The exhibition of loaned sculpture will remain on Percival Landing through next spring.  Following the exhibition, Rainforest Dream will be temporarily relocated to City Hall for one year before permanent placement somewhere else in the community, based on Council direction.  Rainforest Dream will be the first such sculpture to be installed at City Hall, in June 2014.For more information about the Percival Plinth Project please visit olympiawa.gov/plinth.last_img read more

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