Home / Daily Dose / Fannie Mae Announces Credit Insurance Risk Transfer Transactions Print This Post Fannie Mae Announces Credit Insurance Risk Transfer Transactions Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago CIRT Fannie Mae Insurance 2019-07-11 Seth Welborn Previous: Protecting Businesses and Consumers from Fraud Next: Lisa Haynes Promoted to SVP Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Government, News, Secondary Market The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fannie Mae recently announced that it has secured commitments for two new front-end Credit Insurance Risk Transfer (CIRT) transactions of 2019.”Nineteen insurers and reinsurers participated on these two front-end CIRT transactions, providing Fannie Mae the certainty of forward coverage on loans that we will acquire over a 12-month period,” said Rob Schaefer, Vice President for Credit Enhancement Strategy & Management, Fannie Mae in a statement. “We are proud to be a leader in building and supporting the market for transferring single-family mortgage credit risk to private sources of capital.”The two front-end deals, CIRT FE 2019-1 and CIRT FE 2019-2, will together cover up to $14 billion of loans to be acquired by Fannie Mae between May 2019 through April 2020, and transfer up to $455 million of credit risk on those covered loans. Fannie Mae has committed to acquire about $9.3 billion of insurance coverage on $359 billion of single-family loans through the CIRT program to date.With CIRT FE 2019-1, Fannie Mae will retain risk for the first 50 basis points of loss on an approximately $8 billion pool of single-family loans with loan-to-value ratios greater than 60% and less than or equal to 80%. If the $40 million retention layer is exhausted, reinsurers will cover the next 325 basis points of loss on the pool, up to a maximum coverage of approximately $260 million. With CIRT FE 2019-2, Fannie Mae will retain risk for the first 50 basis points of loss on a $6 billion pool of single-family loans with loan-to-value ratios greater than 80% and less than or equal to 97%. The coverage and pricing of both deals are committed for 12 months, beginning with May 2019 deliveries.Fannie Mae states that the coverage for the deals will be provided based upon actual losses for a term of 10.5 years from the effective date of May 1, 2019. The coverage on each deal may be canceled by Fannie Mae at any time on or after the 66th month following the effective date by paying a cancellation fee.More information about Fannie Mae’s CIRT transactions can be found here. Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: CIRT Fannie Mae Insurance July 11, 2019 1,864 Views The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Seth Welborn Related Articles Subscribe
The Royal Institute of British Architects (RIBA) has welcomed the Government’s recent commitments to increasing the numbers of new build houses, including the announcement on funding for Housing Zones across England. But the RIBA has also warned that the whole exercise could prove futile if the Government fails to put quality at the heart of this investment.RIBA went on to call on MPs from all political parties to vote for the amendment to the Housing and Planning Bill calling for the adoption of a minimum space standard into national building regulations. This will ensure new build homes are large enough for families and built to last.RIBA President Jane Duncan (left) said, “Whilst this new focus on quantity is to be applauded, the Government can no longer ignore the poor quality of some of our new housing stock, especially as it ploughs public money into housebuilding. Our latest report, ‘HomeWise: Space Standards for Homes’ concluded that some new homes being built in England are still too small and that a minimum space standards for new dwellings must be adopted into building regulations.“These aren’t outlandish demands; they simply ensure that all new build homes are of an adequate size.”Download the full – and very interesting report at:https://www.architecture.com/RIBA/Campaigns and issues/Homewise/Homewise.aspxnew build houses land and new homes new homes RIBA Royal Institute of British Architects January 20, 2016The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Housing Market » RIBA calls for more new homes… previous nextHousing MarketRIBA calls for more new homes……and they need to be more spacious for today’s families.The Negotiator20th January 20160525 Views
Montpelier, VT – The Vermont Attractions Association (VAA) announces the acceptance of four new members for 2007-2008 season. The four newest members of VAA exemplify what it means to be a Vermont Attraction.The new 2007/2008 Vermont Attractions Association members are Cornish Colony Museum of Windsor, Green Mountain Coffee Roasters Visitor Center & Café in Waterbury, Long Trail Brewery of Bridgewater Corners and Vermont HoneyLights of Bristol.When founded in 1956, the Vermont Attractions Association mission was to promote attractions throughout the State and to establish, develop and promote high standards for tourism in Vermont. All Attractions continue strive to carry on the traditions and mission of offering visitors the best Vermont experience possible. All attractions offer informational and educational experiences, first-class activities and Vermont hospitality, while still maintaining their unique characteristics and quintessential Vermont feel. From the farms to museums; the breweries to chocolate makers; and shopping to State Historic sites, Vermont Attractions has something for everyone.Todd Paton, Chair of Vermont Attractions, noted that these new attractions make a great addition to the eclectic mix of properties that comprise VAA. “VAA seeks continually to promote only those attractions that offer guests a quality Vermont experience.”The old fire station building on Main Street in Windsor is home to the Cornish Colony Museum. The museum’s mission is the continued display of the artistic accomplishments of the famous artists, sculptors, writers, architects and landscape designers who lived and worked in this area of New Hampshire and Vermont, twin communities which sit astride the Connecticut River. The educational displays concentrate primarily on the 50-year period from 1885 to 1935, and are devoted to preserving the memories of that turn-of-the-century era. Currently, the Cornish Colony Museum is exhibiting a collection of paintings that celebrate the achievements of women in literature, history and culture.Green Mountain Coffee Roasters Visitor Center & Café can be found in the newly renovated 1867 working Amtrak station, in Waterbury, Vermont. The Visitor Center invites, guides, and shares Green Mountain Coffee Roasters’ passion for coffee through fun, interactive, and innovative technology. The Center provides opportunities for visitors to learn about Green Mountain Coffee Roasters – its products, the process of growing, roasting, and packaging coffee from “tree to cup;” as well as to do a little Green Mountain Coffee Roasters shopping. Guests will also learn about Green Mountain Coffee’s inspiring corporate philosophy of business for positive world change. Visitors will also delight in the architecture and grandeur of the newly renovated Waterbury Amtrak station.Located just off Route 4 in Bridgewater Corners, the Long Trail Brewing Company offers a spacious riverside Visitor Center that was inspired by the Hofbrau House in Munich, Germany. The Visitor Center offers an informative self guided tour of how their special brands of beer are brewed. From a catwalk over the production floor guests not only can read about the process but also see the master brewers hard at work. The Visitor Center Gift Shop provides guests with the opportunity to purchase beer and Long Trail souvenirs. The Long Trail Pub presents an enticing variety of menu items – some that incorporate Long Trail beer in their recipes, served near the cast-iron stove in the winter or out on the deck over looking the Outtauquechee River in the summer.Vermont HoneyLights is a family-owned business located on Main Street in the scenic hills of Bristol that specializes in the truly natural candle. Talented candlemakers hand mold nature’s finest beeswax into decorative works of art. Each visitor who steps through the gift shop and studio doors can see one of the artists creating a unique hand-rolled or poured candle. Guests can learn about the ecological and economical reasons for using beeswax candles, the process of creating special molds and the philosophy of creating the highest quality candles, all while watching the artisan roll, pour and unmold unique candle shapes. Along with the beeswax candles, Vermont HoneyLights retail shop also features only American-made products including table linens, footstools, pillows and other seasonal offerings. A wide selection of functional antiques and vintage pieces are available along with visual inspiration on how to incorporate them into the home.Over the years, VAA has expanded its marketing efforts to encourage tourists from Vermont and beyond through the launch of its own website, participating in the Vermont Travel and Industry Conference, working with the Vermont Tourism Network and educating leaders in the Vermont tourism industry. VAA has also worked diligently with the State of Vermont to produce and distribute the Official Road Map and Guide to Vermont Attractions, with the Vermont Wood Manufacturers Association to craft the brochure racks for some of the highway areas, and with the Vermont Chamber of Commerce to coordinate marketing efforts.For more information about VAA and all of its members please visit www.vtattractions.org(link is external).
If you’ve asked me about the Charleston Marathon next week and my face clouds with guilt or you haven’t seen me out on the trail, it’s because I got sick and won’t be running the full marathon. First it was the flu over Thanksgiving that felt like mono, leaving my weakened immune system ripe for a bout of bronchitis followed by a virus. Life’s been a haze of medicines, an effort to hydrate, and lots of sleep. I’ve focused my energy on the basics – taking care of my three-year-old son and preserving my ability to support us, i.e. work. In short, it’s been a bleak existence.The holidays meant ten days with my parents, who encouraged sleeping and book reading by the fire, while they wore my son out on the farm cleaning out stalls and bailing hay. Once I felt better, I ventured out for a run. The cold air pierced my lungs. The wind whipped through my layers of lycra. My legs felt heavy. I wanted to turn around and settle by the fire with a hot toddy. I wanted to feel cozy and comfortable. Why run anyway? I’ll never regain enough fitness between now and the marathon – why not simply enjoy the day.Instead of turning around, I focused on how solid the ground felt under my feet, how the earth held me up and reminded me of my own strength. My thoughts turned to dirt and I thought about my relationship to it. I thought that one day I’ll be buried in that ground or my ashes sprinkled over it, that I’ll blend with the earth, but today I’ll let the earth hold me up and propel me forward.The running didn’t feel any easier. My lungs burned, my muscles quivered, and my mind labored over how hard running was. Again I thought about quitting. If running wasn’t fun, why was I bothering to do it anyway? There’s a lot of things I do that aren’t fun, but I keep doing them over again – instilling manners into my son and forcing him to brush his teeth, staying home to rewrite the book I started two years ago when friends invite me to go out, and grinding away in an office during the majority of my weekday-waking hours.If someone asked, I would tell them running is fun, but that’s not really honest. The running itself is mostly miserable, for me, at least most of the time. There are miles of light, there are transcendental glimpses of flying, but for the most part it’s me versus my brain, forcing myself forward. It’s high-fiving my running partners after the run that’s fun, it’s the buzz of endorphins, it’s the way my body feels worked out and sore and ready to rest, it’s all the thoughts and emotions that moved through me during the run and the ones I left behind on the trail.The late afternoon sun cast a shadow bigger than me. I ran side-by-side, sharing space with my own darkness. My shadow matched me stride-for-stride. There would be no outrunning it, no pulling ahead. I blinked back tears of frustration, that even after all that training, my fitness level had plummeted after being sick for so long. I had no energy left to stifle anything and so I cried. I ran and cried, cried and ran, because sometimes it seems that no matter how hard I try, the reality of life creeps up, the call from day care right before I was about to sneak in a lunchtime run, my own mortal body with what seems to be a fragile immune system these days, the pull of so many errands that need to get done right now.I plodded along, knowing the only way to get back into a running groove was by running. I ignored the nagging voice asking me to turn around, to give up, and to get comfortable. I told myself that the only way through was forward, and that turning around was going backwards, a direction I refused to go.Somewhere between mile ten and eleven I accepted that I could do my best, but my best was no guarantee against failure. Between miles eleven and twelve my feet felt like twenty pound weights were attached and I stumbled over my shoes. I conceded that I was in no shape to be contemplating a marathon so soon after being sick. I’d have to readjust my goals, set my sights on the half instead. Settling for the half seems like such a defeat. Six months before and I was sure I could get through the full, one way or another, but I couldn’t risk another bout of getting sick, not with my heavy workload and solo parenting.As my parents’ house came into sight, I felt a flood of relief. It hadn’t been a glorious run, but I had put in the miles, laid down so many emotions of frustration and failure along the way, and even glimpsed my own mortality. I’d run next to my own shadow, but realized that spending time in darkness didn’t mean I’d dwell there forever.With all that angst behind me, gratitude overcame me. I might not be running the full marathon, but I was still running the half. A wave of endorphins swelled within me. I had the things that really matter – love, health, joy. I might never get to my destination of 26.2 miles, but the journey has been oh so sweet.The training schedule, the twisted trails, the pre-dawn runs by headlamp, the lunchtime drills of skipping and running backward along sidewalks, and meeting new running partners have been planks in the bridge of willpower and strength, a solid platform over waters of despair. The journey has allowed me to touch the divine within myself, the sacred will to take one more step.
PANAMA CITY – Panamanian authorities seized 1,362 kilos (3,003 pounds) of cocaine stacked in an abandoned speedboat in Cocoyé, a beach in the Caribbean, the National Aeronaval Service said on Aug. 20. The alleged narco-traffickers abandoned the speedboat when they saw the police approaching, according to National Aeronaval Service Deputy Commissioner Jorge Yanis. “There were no detainees because the suspects left during the night hours, jumping to the beach and leaving [the narcotics] behind,” Yanis said. Authorities found 57 packages of cocaine in the boat and two other speedboats nearby. Yanis said the narcotics were probably bound for the United States. The seizure occurred after Colombian authorities alerted Panama to a suspicious speedboat departing from the Urabá gulf, in the Colombian Caribbean, which borders Panama. So far this year, Panamanian law agents have seized 22 tons of narcotics. [AFP (Panama), 20/08/2012; Prensa.com (Panama), 20/08/2012] By Dialogo August 21, 2012
ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Following several questions from members on how to handle unauthorized use claims when a mobile payment app was used to facilitate a transaction, NAFCU’s Compliance and Regulatory Affairs Teams are seeking feedback from credit unions on how they would like Regulation E error resolution responsibilities clarified.Credit unions who have experienced this issue are encouraged to contact NAFCU Senior Regulatory Compliance Counsel Jennifer Aguilar or Senior Counsel for Research and Policy Andrew Morris to share challenges faced and potential solutions. NAFCU is engaged with the CFPB on this issue to discuss how the bureau’s innovation policies could provide solutions.In a new post on the Compliance Blog, Aguilar notes the association has received questions related to:whether the credit union is liable for unauthorized transactions involving a payment app;whether the credit union may require the member to file a claim with the app provider first; andwhether the app provider is responsible for resolving the claim.Aguilar offers insights into Regulation E, which states “the ‘financial institution’ is responsible for resolving claims for unauthorized use, including being liable for the amounts if the investigation reveals the transaction was unauthorized.” However, she flags “the implementation of the prepaid rule has further complicated these already complex investigations.” continue reading »
More from The Daily Gazette:Foss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Beware of voter intimidation On Oct. 6, Briggs McAndrews wrote to support the disrespectful act of kneeling during the national anthem and did so by first stating that our president made the act of kneeling a evil gesture. Not true.President Trump rightfully called out those who disrespect our nation by kneeling during the national anthem. It’s his duty.Mr. Briggs knows full well that Colin Kaepernick stated : “I am not going to stand up and show pride in a flag that oppresses black people.” Briggs twists his support of kneeling during the national anthem into a liberal gobbly-gook statement: “It’s the true role of a school district to impel young people into value forming experiences that ultimately ask them to be compassionate towards their fellow citizens.” What? Like in patty-cake football? As in compassion for those tens of thousands who gave their lives for our nation?If school administrators, coaches, teachers and parents fail to instill a pride and respect for our nation. What then? They, now by default, instill a disrespect for everyone — teachers, parents, grandparents, police, clergy etc. For example, the disrespectful dolt who placed a crucifix in a bottle of urine and called it art. Not OK. McAndrews stated: “The real value of that experience lies in the example to others of human motive and conduct.” You want a real value experience? Then you and Colin go to Arlington National Cemetery and “take a knee.” Pray for those who gave their lives so that misguided folks are allowed to spew their anti-American hogwash.Your “holier-than-thou” letter is just that — hogwash. And your attempt to excuse bad behavior is shameful at best and is extremely hurtful to old veterans like myself. That also applies to those who will write in your support.Recent credible evidence has surfaced claiming that Kaepernick was paid to do this by the center for community change, a progressive community organization funded in part by George Soros. Does anyone have to look any further than the NFL to see the damage that this nonsense does?God bless America.John OsterlitzGlenville Categories: Letters to the Editor, Opinion
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The Wuhan coronavirus has now killed more than 900 people and there are more than 40-thousand confirmed cases around the world, with the vast majority in China. Jen and Bill just talked with infectious diseases specialist Dr. Aileen Marty from FIU Monday and asked her if the coronavirus is going to kill us.Her answer, “No you have a 98% chance of not dying from the coronavirus.”Dr Aileen Marty won’t dieAileen M. Marty, M.D., F.A.C.P., is a professor of Infectious Diseases in the Department of Medicine at the FIU Herbert Wertheim College of Medicine.Bill also asked Dr. Marty if there’s a chance that this virus was manufactured in a lab which she doubted calling “Mother Nature the biggest terrorist.”Dr. Mary added that the virus originated in bats then spread to another animal. She said it’s important to figure out what that intermediate animal is.Finally Dr. Marty says the virus is spread from person to person within a 3-6 foot radius of a sneeze or cough, but the virus lives on surfaces for several hours so she suggests that you wash your hands frequently and use hand sanitizer to prevent contracting the disease.Listen to the full interview with Dr. Aileen Marty here.https://www.850wftl.com/wp-content/uploads/2020/02/Dr-Elieen-Mardy-Coronavirus-2-10-20.mp3
Image Courtesy: Getty/ETAdvertisement kl5f6ibNBA Finals | Brooklyn Vs94pWingsuit rodeo📽Sindre E3w3x( IG: @_aubreyfisher @imraino ) wa1pWould you ever consider trying this?😱7s3Can your students do this? 🌚68vgpRoller skating! Powered by Firework The novel Coronavirus pandemic, which originated in the city of Wuhan in China, slowly found its way into all corners of the world. While being able to curb the spread in their own country, the Communist Party of China received major criticism from all around for letting the virus outbreak turn into a pandemic. Now, the government has come up with a new regulation regarding online gaming in the country, which will see an effective ban of Chinese national players from interacting with foreign gamers in multiplayer games. Advertisement Image Courtesy: Getty/ETThe news was confirmed by a Taiwanese media outlet Taiwan News, which stated that the ban will not allow players to send gaming invites or messages to any player outside China, let alone participate in any online match together.“The communist regime is said to have noticed an authority vacuum in online multiplayer games, which enables people to socialize without monitoring freely. Local metropolises are scrambling to draft laws to expand the scope of online censorship in video games and even prohibit gamers from meeting and chatting with people on the other side of the Great Firewall,” the news portal stated.Advertisement “As the CCP’s audacious global propaganda campaign to silence critics abroad and to defend its infallibility fails to work out, the new law is expected to block Chinese people from learning how the world is reacting to Beijing’s handling of the outbreak and subsequent cover-ups,” the report added.On Aptil 10th, CCP also banned the recently released social simulation video game Animal Crossing: New Horizons, which turned out to be a super hit in the Nintendo Switch console.Advertisement The ban on Animal Crossing came in effect after many players showed their detest through the game, including pro-Hong Kong activist Joshua Wong, who decorated his in-game island with anti-China messages, such as “Free Hong Kong, revolution now.”Along with a total ban on multiplayer onlne games, the CCP also announced to have surveillance on every single player online gaming activity, and also imposed an online gaming curfew from 10pm to 8am for gamers under the age of 18, and also restricted the maximum amount of money they can spend on gaming.Also read-‘Leaks’ of government measures reveal when football in front of fans is likely to resume in ItalymaNcHeSter United turns blue for once as Old Trafford lits city with a heartwarming tribute. Advertisement