Fannie Mae’s Gross Mortgage Portfolio Takes Another Tumble in December

first_img Tagged with: Fannie Mae Gross Mortgage Portfolio Monthly Summary Mortgage-Backed Securities Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News, Secondary Market Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Fannie Mae’s gross mortgage portfolio continued its downward trend in December, falling at a compound annualized rate of 26.4 percent, according to Fannie Mae’s December 2014 Monthly Summary released recently.The value of Fannie Mae’s mortgage portfolio fell from $424 billion in November down to $413 billion in December. Since the end of June 2010, when the value of the portfolio stood at $818 billion, its compound annualized rate has declined in 53 of the last 54 months. The only month during that time when the portfolio grew was in December 2012, when it increased by 1 percent.For the entire year of 2014, the average compound annualized rate for the enterprises’s gross mortgage portfolio was 15.8 percent. In four different months during 2014, it declined at a compound annualized rate of more than 20 percent, including a high of 28.9 percent from October to November. The 2014 average compound annualized monthly decline rate of 15.8 percent is still an improvement from 2013, when the average monthly decrease was 22.5 percent.December’s compound annualized rate decline of 26.4 percent for the gross mortgage portfolio was the eighth-highest rate for any one month since the FHFA’s conservatorship of Fannie Mae began in September 2008. The highest rate of decline occurred in January 2010, when it dropped by 44.8 percent.”As per the Senior Preferred Stock Purchase Agreement with Treasury, Fannie Mae was required to reduce the size of its gross mortgage portfolio to $469.6 billion by December 31, 2014,” Fannie Mae spokeswoman Katherine Constantinou said. “In October 2014, FHFA requested an additional annual reduction of 10 percent, which revised the portfolio cap to $422.7 billion for the year ended 2014.”Despite the large dropoff in Fannie Mae’s gross mortgage portfolio in December, other components propelled the overall Book of Business to a compound annualized rate increase of 1.6 percent from November, according to the summary. It was the third time in the last four months the overall Book of Business has grown following eight straight months of decline to begin 2014.Monthly increases in new business acquisitions and total Fannie Mae mortgage-backed securities and other guarantees pushed the value of the Big Book of Business up to $3.124 trillion in December, up from $3.119 trillion in November.Also in December, the serious delinquency rate on Fannie Mae’s conventional single-family mortgage loans declined by two basis points from November down to 1.89 percent. December marked the 37th month in a row the serious delinquency rate declined at least one basis point month-over-month; the last time the rate did not decline was when it held steady at 4.0 percent from October to November 2011.”As a result of home retention solutions, foreclosure alternatives, and completed foreclosures, as well as the company’s acquisition of loans with stronger credit profiles since the beginning of 2009, Fannie Mae’s single-family serious delinquency rate has declined each quarter since the first quarter of 2010,” Constantinou said.The value of Fannie Mae’s mortgage-backed securities and other guarantees totaled $2.803 trillion in December, representing an annualized compound rate month-over-month increase of 5.5 percent – marking the fourth time in the last sixth months the total value of Fannie Mae MBS has expanded after starting 2014 with six straight months of decline. For the entire year of 2014, the value of Fannie Mae’s MBS and other guarantees remained nearly unchanged from its value at the end of the previous year – $2.083564 trillion in 2014 compared to $2.083849 trillion at the end of 2013.The number of loan modifications Fannie Mae completed in December (8,951) also increased from November (7,417), giving the enterprise 122,823 loan mods for the entire year of 2014 – an average of 10,235 per month.  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Brian Honea Home / Daily Dose / Fannie Mae’s Gross Mortgage Portfolio Takes Another Tumble in December February 2, 2015 947 Views Related Articles 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: HUD Provides Guidance for Use of Housing Trust Fund Allocations Next: Servicers Name Property Preservation as Biggest Challenge With FHA Loans The Best Markets For Residential Property Investors 2 days ago Fannie Mae Gross Mortgage Portfolio Monthly Summary Mortgage-Backed Securities 2015-02-02 Brian Honea Fannie Mae’s Gross Mortgage Portfolio Takes Another Tumble in December Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Views: The Running Community Is Getting A Makeover

first_imgBlack Girls Run Brings More Color to the Starting LineCheryl Jackson went through a terrible divorce while going back to college and trying to put her own children through school. She was depressed and alone.“But then running saved my life,” says Jackson. “Running gave me hope, and it gave me friendships, and it gave me a chance to do things I only saw on TV.” At age 50, Jackson ran the Philadelphia Marathon, and she has since completed a duathlon and triathlon.She couldn’t do it without a little help from her friends at Black Girls Run. “The sisterhood is real,” she says, “and so is their mantra: No Woman Left Behind.”Let’s face it: there are many health issues that plague the black community more than others. Black people are 30 percent more likely to die from heart disease than whites, and black women are 60 percent more likely than white women to have high blood pressure. Black people are almost twice as likely to be diagnosed with diabetes and high blood pressure as white people.That’s why Black Girls Run was created a decade ago: To tackle the growing obesity epidemic in the African-American community and provide support to both new and experienced runners. Today, there are more than 220,000 members in 71 groups nationwide.The black community has always been strong, because it had to be. In the U.S., black people have always had to rely on each other for support and celebration of the diaspora as we don’t often receive it outside of ourselves. More recently we have had to come together not only to combat political and socioeconomic injustices, but to support each other in leading healthy and active lifestyles.There’s a stereotype that black people aren’t active outdoors. For a long time, I feared I would never be able to find a fitness community I could love because of this stereotype.I struggled for a long time. Inside my head were the usual voices: “I can’t do it,” or “It’s too hard,” or “You can’t run.” I finally reached a breaking point: I could either keep sinking into the same negative ruts, or I could do something else. I decided to do something else.But what, exactly? I never liked to go to the gym. I wanted to be outside, and I also wanted to be part of a community.That’s when I stumbled upon some women with Black Girls Run t-shirts running together through Richmond. I started running with them, very slowly at first, once a week. It opened my eyes to a whole world of activity where I could be me and be more active outdoors.Running with my sisters at Black Girls Run has changed my life—and is changing the stereotypes, too.There is strength in numbers. As a collective, black women runners can achieve more and benefit exponentially. It can make us happier and lead to quality friendships. These relationships can help us to navigate the influences that others have over our lives. Expanding my fitness circle has allowed me to feel less isolated by the new lifestyle choices I’ve made, and these friendships help me combat the urge to regress into unhealthy habits.Running is not easy. And only recently has the running world been introduced to the non-traditional runner. Black Girls Run brings color to the running world—with curves and all shapes and sizes. Black women like me can join the running community, feel welcome in the outdoors, and feel confident in their own skin.last_img read more

Zac Taylor

first_imgThe Bengals finally finished filling out their coaching staff with the hiring of Lou Anarumo as their new defensive coordinator.  It can’t be a comforting feeling to Bengal fans when it took over a month to find someone who was willing to come to Cincinnati to be part of Zac Taylor’s coaching staff.  Lou joins Brian Callahan who is the offensive coordinator.  Neither of these are household names in pro coaching.Taylor will certainly bring the enthusiasm of youth to the Bengals which is something they desperately needed.  For the most part, he has surrounded himself with many young coaches–most of who are new to the professional coaching ranks.  This is not all bad.  They certainly were after a fresh start, and when you are only 35 years old, you should bring fresh ideas to the organization.Let’s hope that Zac Taylor and his staff have more input on who the Bengals draft than what Marvin Lewis seemed to have.  Most of us are tired of “let’s go cheap and take those players no one else wants”.last_img read more

Basketball player Meho Haračić will play for Qatar

first_imgYoung, talented basketball player of ”Iskra” from Bugojno, Meho Haračić will continue his career in Qatar playing for the national team of Qatar, reports Dnevni Avaz.Haračić is 207 cm tall and he played at the junior team of ”Iskra”Haračić said that he’ll join Qatar’s cadet team, and added that the conditions for him playing in Qatar are excellent and he hopes that he’ll play well.Meho Haračić will also attend the school in Qatar.last_img


first_img### Santa Anita has only had four primary track announcers since it opened in 1934, though others have filled in throughout the years. “I’m overjoyed and humbled that Santa Anita is entrusting me with a booth occupied by so few announcers in the track’s storied history,” said Wrona. “I shall try my utmost to honor the great legacy of my predecessors – each of whom was of the highest caliber. I would also like to acknowledge the unwavering support and friendship of the Golden Gate Fields management, since I first worked there in 1992.” “This was a much harder decision than anyone could have imagined,” said Joe Morris, SVP of West Coast Operations for The Stronach Group. “The finalists presented us with four incredible options, each a world-class announcer in his own right. In the end, as we said from the beginning, we listened to our fans, our horsemen, the media and our employees. It was an exceptionally close decision, but Michael just raised his game here at Santa Anita. We are honored to welcome him to the historic fabric of The Great Race Place. He has earned the right to make that booth his own.” “While we are pleased to welcome Michael as the next Voice of The Great Race Place, this opportunity also showcased three very gifted announcers in Frank, Craig and David,” Morris added. “We encourage them to continue to seek opportunities within The Stronach Group as they become available and we look forward to the chance to work with them.” The announcement comes after auditions by Wrona, veteran Frank Mirahmadi and international announcers Craig Evans and David Fitzgerald. Mirahmadi has alternated the Santa Anita announcing duties with Wrona since the season began, while Evans and Fitzgerald were the finalists from a world-wide search that included over three dozen candidates. Popular Australian Tops Competitive World-Wide SearchArcadia, CA (March 24, 2016) – Michael Wrona, the colorful and seasoned Australian race caller, has been named the full-time track announcer at Santa Anita Park. A 49-year-old native of Queensland, Australia, Wrona began his announcing career at age 17 in his homeland. He has spent 25 years in the United States and has been the voice of Golden Gate Fields for the last decade. Wrona will continue to call Santa Anita’s races through the end of the Winter/Spring Season on April 10, including the $1-million Santa Anita Derby on April 9. He will begin his full-time position on May 5 when Santa Anita opens its Spring/Summer Meeting. Wrona’s replacement at Golden Gate Fields will be named in the upcoming weeks and will begin in early May.last_img read more

49ers report card: How badly did offense fail in first loss?

first_imgCLICK HERE if you are having a problem viewing the photos or videos on a mobile device SANTA CLARA — Here is how the 49ers (8-1) graded in Monday night’s 27-24 loss to the Seattle Seahawks (8-2):PASS OFFENSE: F This unit has never looked as unreliable this season. As many as nine drops, compounded by George Kittle’s absence and Emmanuel Sanders’ rib-injury exit, made this an overall woeful performance. Jimmy Garoppolo wasn’t sharp (24-of-46, 248 yards, five sacks, two strip-sack …last_img

Guangzhou Evergrande claim third-straight title


Agriculture Push-Start Going Well

first_img Minister Hutchinson, who was speaking with JIS News at the Women and Youth in Agriculture Consultation Forum at The Knutsford Court Hotel in New Kingston on Friday (January 19), said the project is providing returns for the participants. Minister without Portfolio in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. J.C. Hutchinson, says the pilot of the Agriculture Push-Start (APS) programme, launched in Guys Hill, St. Mary in October, is progressing well.Under the initiative, being undertaken in collaboration with the Promotion of Regional Opportunities for Produce through Enterprises and Linkages (PROPEL) project, among other partners, approximately 20 farmers have been engaged in the production of Irish potato, onions and Scotch bonnet peppers.Minister Hutchinson, who was speaking with JIS News at the Women and Youth in Agriculture Consultation Forum at The Knutsford Court Hotel in New Kingston on Friday (January 19), said the project is providing returns for the participants.He noted that there has been an 89 per cent compliance rate in the repayment of loans provided to the farmers for planting.Minister Hutchinson said the Ministry will be looking to get more persons involved in the APS.He said the Ministry is working with the National Land Agency (NLA) in order to ensure that persons who are interested in farming can have access to idle State lands.“The aim of the programme is to engage anyone who wants to pursue agriculture as a business, to give them a good start, and, in so doing, we are creating employment. This is about providing opportunities to better provide for you and your family, your social empowerment and community development,” he noted.Minister Hutchinson informed that more crops will be added to the programme as part of measures to cut down on food imports.“We have the capacity to grow most of these crops ourselves. When we look at tomato, cantaloupe, gungo peas, carrot, and thyme, we should never be importing these crops, and so… once we find that this programme gets off, all of these crops will be coming into the programme to give those who want to get involved a push-start,” he said. Minister Hutchinson said the Ministry will be looking to get more persons involved in the APS. Story Highlights Minister without Portfolio in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. J.C. Hutchinson, says the pilot of the Agriculture Push-Start (APS) programme, launched in Guys Hill, St. Mary in October, is progressing well.last_img read more

Surfboard shop damaged in fire in Morenaarea

first_img Updated: 8:45 AM KUSI Newsroom Categories: Local San Diego News FacebookTwitter Surfboard shop damaged in fire in Morena-area April 12, 2019center_img KUSI Newsroom, SAN DIEGO (KUSI) – A two-alarm blaze near a surfboard shop in the Morena area Friday morning and sent a firefighter to the hospital for treatment of heat exhaustion, authorities said.Dispatchers received a call shortly before 2:20 a.m. from a person who reported seeing smoke near the 5100 block of Pacific Highway, San Diego Fire-Rescue dispatch supervisor Brent Peterson said.Firefighters responded to the scene and found smoke and flames near a surfboard repair shop, Peterson said.The owner of Lord of the Dings Surfboard Repair, Mauricio DeSuza, said that his building did not sustain any fire damage and it was a building next to his that was burned.Crews doused the blaze and had the flames knocked down within 40 minutes, the dispatch supervisor said.A firefighter was taken to a hospital for treatment of heat exhaustion, SDFRD spokesman Jose Ysea said. An update on the firefighter’s condition was not immediately available.The cause of the fire was under investigation. Posted: April 12, 2019last_img read more

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