Falling Fast: UPB of Fannie Mae’s Mortgage Portfolio Plummets

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Brian Honea February 1, 2016 3,551 Views Falling Fast: UPB of Fannie Mae’s Mortgage Portfolio Plummets Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fannie Mae Mortgage-Related Investments 2016-02-01 Brian Honea Demand Propels Home Prices Upward 2 days ago Tagged with: Fannie Mae Mortgage-Related Investments Demand Propels Home Prices Upward 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. The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img 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 in Daily Dose, Featured, News, Secondary Market Urban Institute reported earlier this month that the mortgage-related investment portfolios for both Fannie Mae and Freddie Mac continue to contract and were both well below their 2015 portfolio cap as of the end of November.Whereas Freddie Mac’s mortgage-related investment portfolio took an upward turn in December, however, Fannie Mae’s mortgage portfolio continued contracting at a substantial rate, according to Fannie Mae’s December 2015 Monthly Volume Summary.Fannie Mae’s gross mortgage portfolio contracted at a compound annualized rate of 25.1 percent in December, leaving the aggregate unpaid principal balance (UPB) of the loans in the portfolio at $345.1 billion. It was the portfolio’s ninth consecutive month of contraction, and the portfolio contracted at a rate of 16.5 percent for the full year of 2015. The aggregate UPB in the portfolio was $413.3 billion at the end of December 2014.  The portfolio’s value in December fell even further below the cap for 2015 of $399.18 billion and remains slightly higher than the 2016 cap, which is $339.4 billion.Fannie Mae’s gross mortgage portfolio has expanded in only three months out of the last 65 since June 2010 (March 2015, January 2015, and December 2012). At the beginning of that stretch in June 2010, the portfolio’s value was $818 billion.The total book of business for Fannie Mae, which includes the gross mortgage portfolio plus total Fannie Mae mortgage-backed securities and other guarantees minus Fannie Mae MBS in the portfolio, contracted at an annual rate of 0.2 percent in December down to a total value of about $3.099 trillion. For the full year of 2015, the book of business contracted at a rate of 0.8 percent.The number of loan modifications completed by Fannie Mae was up over the month, from 5,618 in November up to 6,599 in December. For the full year of 2015, Fannie Mae completed 94,212 loan mods, an average of 7,851 per month. This number was way down from the average of 10,235 loan mods per month completed on Fannie Mae-backed loans for the full year of 2014.The serious delinquency rate on single-family mortgages insured by Fannie Mae declined by three basis points from November to December down to at 1.55 percent after holding flat at 1.58 percent from October to November. The serious delinquency rate for Fannie Mae is consistent with the level reported for September 2008—the month that both Fannie Mae and Freddie Mac were taken into conservatorship by the FHFA, at the onset of the housing crisis.Click here to view Fannie Mae’s entire December 2015 Monthly Volume Summary. Home / Daily Dose / Falling Fast: UPB of Fannie Mae’s Mortgage Portfolio Plummets Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: The Hawkeye Hustle: Presidential Candidates Still Dancing Around Housing Policy Next: Economic Uncertainty Is Not Dampening Housing for 2016, So Far Related Articles Sign up for DS News Daily Subscribelast_img read more

EMO Completes Merkur Base in Eemshaven

first_imgEMS Maritime Offshore (EMO) has completed its second base in Eemshaven, the Netherlands, which will be used as the service base for the Merkur offshore wind farm.The building was officially handed over to EMO on 26 April by Geert-Jan Huiges, Deputy Director of the general contractor BV Bouwbedrijf Kooi Appingedam.It is equipped with showers, lounges and a drying room for workwear, making it suited for specialist usage by GE Renewables, the provider of 66 Haliade 6MW wind turbines for the wind farm, EMO said.“The site offers optimum conditions for the long-term operational management and maintenance of the “Merkur” Offshore Wind Park,” said Project Manager Jens Grosse.Merkur Offshore GmbH, the developer of the German 396MW Merkur offshore wind farm, signed a long-term contract with EMO in October 2017 for the construction of the service base.The developer will rent the 500m² office complex with an adjacent 600m² warehouse area from May, while GE Renewable Energy will also use the entire infrastructure for the upcoming years.Located 35km north of the island of Borkum, the Merkur offshore wind farm is expected to be fully operational in 2019.last_img read more

Mancini concern over Rodwell injury

first_img Mancini said: “We are very sorry for Jack, because he is a good guy, a good player, but he is unlucky. It is his hamstring. “I think it is impossible to resolve his problem after six or seven months because he’s had this problem for five or six years and we need maybe more time. “How long will he be out? Maybe he will be back after the international break, three or four weeks. It is the same injury. “I am very sorry because he is a young player. He needs to improve but he has played very well against Chelsea and was playing very well.” A first-half goal from Carlos Tevez was sufficient to earn City a 1-0 win at Aston Villa and cut the gap on leaders Manchester United to 12 points. But midfielder Rodwell suffered a recurrence of his hamstring injury midway through the opening period and will be sidelined for “three to four weeks”. Press Associationcenter_img Roberto Mancini’s relief at Manchester City keeping their slim hopes alive of retaining their Barclays Premier League title was tempered by another injury setback to Jack Rodwell.last_img read more

Wellington Police Notes: Thursday, July 10, 2014

first_imgWellington Police notes for Thursday, July 10, 2014:•12:21 a.m. Officers took a report of suspicious activity in the 300 block W. 7th, Wellington. •4:35 a.m. Officers investigated criminal carrying of a weapon in the 200 block N. C, Wellington.•5:04 a.m.  Amber D. Baker, 35, Wellington was arrested, charged and bonded with criminal carrying of a weapon.•12:15 p.m. Officers took a report of a family dispute of a known subject(s) in the 800 block N. Woodlawn, Wellington.•1:34 p.m. Officers investigated an identity theft in the 500 block E. Lincoln, Wellington.•2:54 p.m. Tyson P. Hodson, 18, Wellington was arrested and confined on a Sumner County Warrant for three counts of criminal damage to property and one count of conspiracy to commit criminal damage to property.•3 p.m. Officers investigated criminal use of a financial card in the 200 block W. Harvey, Wellington.•3:30 p.m., No news release.•4:30 p.m. Non-Injury accident in the 800 block N. U.S. 81, Wellington involving vehicles operated by Lena M. Sistrunk, 75, Wellington and Gail I. Wyse, 48, Haysville, Ks.•4:30 p.m. Lena M. Sistrunk, 75, Wellington was issued a notice to appear for Inattentive Driving.•6:42 p.m. Non-Injury, private property accident in the 1800 block E. 16th, Wellington involving vehicles operated by Chelsi A. Hansen, 21, Wellington and juvenile female, 15, Wellington.•8:15 p.m. Officers took a report of found drivers’ license in the 300 block N. Jefferson, Wellington.last_img read more

Live preseason updates: Warriors vs. Kings, Friday at 7:30 p.m.

first_imgJoin us for live news and analysis from Seattle when the Warriors take on the Sacramento Kings Friday at 7:30 p.m. at Key Arena as Kevin Durant returns to where his NBA career began.All eyes in Seattle will be on Durant, who spent his rookie season with the Sonics before the franchise left for Oklahoma City. The Warriors’ star should get some good run but he’ll do so without two of his All-Star teammates — both Stephen Curry (personal reasons) and Draymond Green (knee soreness) will …last_img read more

a month agoRochdale teen Luke Matheson staying grounded after Man Utd goal

first_imgRochdale teen Luke Matheson staying grounded after Man Utd goalby Paul Vegasa month agoSend to a friendShare the loveRochdale teen Luke Matheson is staying grounded after scoring in their Carabao Cup shootout defeat at Manchester United.Matheson, 16, claimed his first career goal at Old Trafford to equalise and force United into a penalty shootout with League One Rochdale in the teams’ League Cup third round tie.”I don’t think you actually can in words,” he said. “But it’s a special, special night for me, the players, the coaching staff, the fans. I don’t think I can sum it up in words, the feeling, the celebration in the dressing room after was surreal. Something I’ve never experienced before and I don’t think I’ll ever experience again.”I’m going in tomorrow (to school) to make up for it when we’ve got a day off. Got a psychology exam, so can’t wait for that!”It’s gonna be nice, everyone coming up to me [at school] and saying, ‘ah, you scored against United’. Most of my best mates are United fans, I’ve not turned my phone on yet, I’m kind of dreading it! I don’t know what tomorrow will be like, I think I’m going go in a little bit later so I can get some rest.”My education is something I’m very fond of I and I love it. And Rochdale and the school have been so supportive of me with all that, so I love learning.”It’s what I want to do, because football’s not a guarantee, you never know what could happen. You could be the best player in the world but anything’s possible and it’s best to have that back up plan just in case.” About the authorPaul VegasShare the loveHave your saylast_img read more

19 days agoMan Utd deny new contract talks with Paul Pogba

first_imgMan Utd deny new contract talks with Paul Pogbaby Paul Vegas19 days agoSend to a friendShare the loveManchester United deny they’re in new contract talks with Paul Pogba.The club also insist he is not holding them to ransom by demanding a reported £600,000-a-week new deal.Pogba – who is expected to miss Sunday’s clash with Newcastle at St James’ Park with an ankle injury – has two years left on his current contract.United say no formal talks have yet taken place – and they believe they are not under any time pressure to make the French World Cup winner a new offer yet.An Old Trafford insider told the Mirror: “Pogba’s only focus right now is trying to be fit to help his team-mates.“Reports of him demanding £600,000-a-week to stay aren’t true. Paul has two years left on his contract so time is on our side in terms of discussions on a new deal.”The club made it clear in the summer that we want Paul at United and that remains the case.” TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

3 days agoSidwell: Man Utd legend Keane told me to ‘f*** off’ – when youth teamer

first_imgSidwell: Man Utd legend Keane told me to ‘f*** off’ – when youth teamerby Paul Vegas3 days agoSend to a friendShare the loveSteve Sidwell has recalled the time he was told ‘f*** off’ by former Manchester United captain Roy Keane while an Arsenal junior.Keane made a comment on Sky Sports where he hit out at Manchester United and Liverpool players for ‘hugging and kissing’ in the tunnel before their match at Old Trafford. Sidwell, speaking with JOE.co.uk, revealed: “I can see what Roy Keane is saying.”I remember being at Arsenal when I was in the youth system. I was at Highbury with my match day programme and he told me to f*** off because he was going out to war against Arsenal.”It was a tight tunnel and I was just like ‘okay’, but now looking back on it I know what it means to him. They were going down there and they’re arch rivals.” About the authorPaul VegasShare the loveHave your saylast_img read more

Report: Mississippi State QB Dak Prescott, Teammate Attacked At Spring Break Concert

first_imgDak Prescott celebrating in his Mississippi State uniformSTARKVILLE, MS – NOVEMBER 22: Dak Prescott #15 of the Mississippi State Bulldogs reacts to a touchdown during the third quarter of a game against the Vanderbilt Commodores at Davis Wade Stadium on November 22, 2014 in Starkville, Mississippi. (Photo by Stacy Revere/Getty Images)Many colleges nationwide are on spring break this week, and students are flocking to warm locales for fun in the sun. Mississippi State star quarterback Dak Prescott and some teammates are down in Panama City, Fla., where unfortunately their spring break turned violent.On Monday night, a message board post on elitedawgs.com stated that Prescott and another Bulldog player were jumped while attending a concert by rapper Waka Flocka Flame. More accounts of what went on have emerged, including a pair of tweets from MSU backup quarterback Damian Williams, who was with Prescott.Williams deleted both tweets, but here is a re-tweet featuring one of his originals. MSU junior QB w/ Dak Prescott RT @DamianDevon: We got jumped for no reason, It’s sad we can’t go anywhere without being attacked by people— Robbie Faulk (@robbiefaulk247) March 10, 2015Mississippi State beat reporter Michael Bonner confirmed the attack minutes ago, saying Prescott was with Williams and teammate Torrey Dale.Spoke to a one of Dak Prescott’s family members. He and a few others were attacked by a group of people. They are OK. More to come.— Michael Bonner (@MikeBBonner) March 10, 2015According to Prescott’s Instagram, Damian Williams and Torrey Dale both went w/the QB on spring break. Can’t confirm if they were attacked— Michael Bonner (@MikeBBonner) March 10, 2015>http://t.co/IxFy6hn7Cz pic.twitter.com/W2z4rSowUM— Mary Grace Eppes (@mgeppesWLBT) March 10, 2015Mississippi St. QBs Dak Prescott & Damien Williams both involved in an alleged attack here on Spring Break in PCB. pic.twitter.com/DZl56gxPwf— Greg Brzozowski (@GregWJHG) March 10, 2015This is scary stuff, and thankfully it looks like Prescott and his teammates are okay. We will keep you updated on any further developments.last_img read more

CELEBRITY DESIGNER IRIS VAN HERPEN EXHIBIT HITS THE ROM

first_imgAdvertisement Facebook LEAVE A REPLY Cancel replyLog in to leave a comment Beginning Saturday, June 2nd and running until October 8th, the ROM debuts “Transforming Fashion” – a collaborative exhibit between Dutch designer Iris an Herpen and Canadian architect Philip Beesley. It is the only Canadian stop, and the last on the two year tour. A favourite of icons like Beyonce and Lady Gaga, Iris van Herpen’s 3D printed dresses were named one of the 50 Best Inventions by TIME in 2011. If you watched any of the 2018 Met Gala’s red carpet coverage, you might recognize her work donning Solange Knowles. Twitter Login/Register With: Advertisement Advertisement Iris has been described by those who critique her work as “futuristic” or resembling something that would come out of a science fiction novel. But as StyleZeitgeist Creative Director Eugene Rabkin describes, in her work there is science but no fiction. She draws inspiration from nature, and the creativity of artists and architects, “Everything that I make is here and now.” says Iris, “I’m inspired by impossibility around me but nothing I make is impossible. I’m connected more to today than the future and I hope it inspires people to think of today as a different world.” The exhibition will showcase one-of-a-kind pieces from 15 of her collections spanning 2008 to 2015. She’s celebrated by creatives across all industries for her multi-disciplinary approach to fashion and collaboration to create new techniques and materials for her designs.last_img read more