The State of Refinance at Fannie and Freddie

Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / The State of Refinance at Fannie and Freddie About Author: Radhika Ojha Previous: Fannie Mae and Freddie Mac Check-in for Q4 Next: Engaging the American Homefront Related Articles Demand Propels Home Prices Upward 2 days ago February 15, 2019 3,332 Views Demand Propels Home Prices Upward 2 days ago Tagged with: Fannie Mae FHFA Freddie Mac GSEs HARP loans mortgage Refinance in Daily Dose, Featured, News, Servicing Rising mortgage rates in the previous months resulted in a decrease in the total refinances at the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac in December 2018, according to the Q4 Refinance Report released by the Federal Housing Finance Agency (FHFA).The report found that the GSEs completed 245,620 refinances in the fourth quarter compared with 253,135 in the prior quarter. Of these loans, 1,390 loans were refinanced through the Home Affordable Refinance Program (HARP) during the quarter.It also indicated that the refinances done through HARP which ended in December 2018 would gradually taper off in 2019. In fact, at the end of the fourth quarter, HARP refinances represented just 1 percent of the total refinance volume at the GSEs. Borrowers completed 1,390 refinances through HARP bringing the total refinances through this program to 3.4 million from its inception.Looking at the year-to-date impact of the program, the report found that borrowers with loan-to-value (LTV) ratios that were greater than 105 percent accounted for 16 percent of the volume of HARP loans and that 33 percent of HARP refinances for underwater borrowers were for 15- to 20-year mortgages that are known to build equity faster than the traditional 30-year fixed-rate mortgage. Breaking it down by state, the report indicated that more people opted for HARP in Florida and Illinois where it represented 2 percent of the total refinance volume compared with the national average of 1 percent.In December, 9 percent of HARP loans had an LTV that was greater than 125 percent. The report also found that borrowers who refinanced through HARP had a lower delinquency rate compared to borrowers eligible for HARP who did not refinance through the program. As of June 2018, “nine states and one territory accounted for 70 percent of the nation’s HARP-eligible loans with a refinance incentive.”From April 2009 through December 2018, 2,918,957 loans refinanced through HARP were for primary residences, 110,887 were for second homes and 464,551 were for investment properties, the report indicated. Sign up for DS News Daily Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The State of Refinance at Fannie and Freddie Share Save Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fannie Mae FHFA Freddie Mac GSEs HARP loans mortgage Refinance 2019-02-15 Radhika Ojha The Best Markets For Residential Property Investors 2 days ago read more

Wilson aiming for dominance in 13-second class

first_imgTHERE aren’t a lot of drag-racers more enthusiastic than Marlon Wilson and fans will have a chance to see him ply his trade on Sunday, March 19, when the Guyana Motor Racing & Sports Club hosts its Reaction Part One meet.Wilson, who drives all the way from Berbice in his Toyota NZE street car for most racing events, is calling on all his fans along the way to come out and show their support as he plans to put a whipping on his opponents.“The plan is to go up there and destroy all the competition in my class, all my opponents,” Wilson told Chronicle Sport, adding that he is confident of coming out on top.He continued, “I haven’t done much, anything much to the car preparation-wise, the car always works well and it’s just to service, ensure everything is good to go for Sunday.”Adding to the hype that filled the air, the Berbician has picked out the champion of the 13-second bracket Imran Khan as one of the major contenders for the March 19 event.“It’s my friend but he already knows that on the day, the best man will win. We are friends and we know each other but we never met up in the same group before and I think this time we are going to meet up.”Meanwhile, Suriname has been confirmed as being a part of the season opening Drag Race meet, billed for March 19 at the South Dakota Circuit.last_img read more

Munster stalwart facing disciplinary hearing.

first_imgMunster second row Donncha O’Callaghan has been cited for an alleged kick to the head of an opponent during their win over Ulster on Friday night.The player’s hearing, before an independent disciplinary committee, will be held later this week, details to be confirmed.The Reds have a big game this weekend when they host Clermont in the Champions Cup on Saturday.last_img

Sports Briefs

first_imgReport: Sammy still West Indies T20 captain PORT-OF-SPAIN, Trinidad (CMC): West Indies selectors have retained T20 captain Darren Sammy for the upcoming International Cricket Council World T20 tournament, according to reports in the Trinidad and Tobago media. The reports come amid speculation that selectors may have replaced Sammy with ODI captain Jason Holder for the premier tournament scheduled for India in March. The Guardian newspaper reported on Monday that selectors opted for experience going into the T20 World Cup but the report contained no official confirmation from the West Indies Cricket Board (WICB). Sammy, an all-rounder from St. Lucia, has presided over West Indies rise to number one in the ICC rankings. He led the team that won the title in 2012 in Sri Lanka and reached the semi-finals in 2014 in Bangladesh. Bravo happy with role in Red Force title win PORT-OF-SPAIN, Trinidad (CMC): West Indies middle order batsman Darren Bravo says he is pleased with the role he played that inspired Trinidad and Tobago Red Force to retain their NAGICO Super50 title on Saturday. Bravo missed his century on three occasions, but his prolific batting propelled Red Force into the finals where they dominated Barbados Pride with a one-sided 72 run win to remain champions. “It’s a good feeling. Obviously, when you contribute to a winning cause, it’s always a good feeling. And I’m always happy about that,” said Bravo, who returned to Red Force’s lineup towards the end of the competition after the West Indies tour of Australia. “It’s just a matter of continuing believing in myself. At the end of the day, I put in a lot of work so it’s always good to know that whenever you go out there, and you get that opportunity, it’s good to know that you’re reaping the rewards”. Coach hails Grenada’s new stadium ST GEORGE’S, Grenada (CMC): Former American track athlete and now Coach to Kirani James, Harvey Glance, has described Grenada’s new Chinese built athletic and football stadium as ‘mind blowing’. The US$40 million stadium, with a seating capacity of nearly 8,000, was declared open amid much pomp and pageantry in an official ceremony carried live on national television on Saturday. The new facility replaces the original athletics stadium which was destroyed when Hurricane Ivan ravaged the country in 2004. “This is my first time seeing the stadium in its full capacity not only crowd wise but also building wise because I came down to recruit Kirani when he was 16 and a half years old and the stadium had been hit by the hurricane,” said Glance. “So I am truly, truly impressed with what the Chinese people have done”. Glance attended the opening alongside James who was invited to perform the ceremonial lighting of the torch.last_img read more

Tottenham Hotspur trio back in training ahead of Spurs’ match with Fulham

first_img Boxing Day fixtures: All nine Premier League games live on talkSPORT latest revealed England’s most successful clubs of the past decade, according to trophies won Every current Premier League club’s best kit from the past decade gameday cracker whoops Liverpool news live: Klopp reveals when Minamino will play and issues injury update Tottenham Hotspur manager Mauricio Pochettino has revealed a fitness boost with Erik Lamela, Harry Winks, and Joshua Onomah all back in training.Lamela picked up a knock on their pre-season tour in the United States, Winks is recovering from a long-term ankle problem, while Onomah also missed some time this summer. Most Popular Premier League News Tottenham Hotspur star Harry Winks in action against Real Madrid last season. And Mauricio Pochettino is delighted his stars are back with his first-team squad in the build up to their next Premier League match with Fulham.The Argentine wouldn’t reveal the full details, insisting some players are further down the line in their bid to return than others, but Lamela appears the most likely to get games, especially with Heung-Min Son on international duty.He told the media: “Of course they’re all in different situations. Still one training session tomorrow and then to make the decision. But happy because Erik Lamela is back again, Josh Onomah and Harry Winks.”Meanwhile, Juan Foyth (knee), Victor Wanyama (knee), and Cameron Carter-Vickers (groin) are still out injured. predicted 1 The average first-team salaries at every Premier League club in 2019 possible standings silverware Did Mahrez just accidentally reveal Fernandinho is leaving Man City this summer? changes SORRY smart causal Guardiola-inspired tactics: Is this how Arsenal will line up under Arteta? Sky Sports presenter apologises for remarks made during Neville’s racism discussion How Everton could look in January under Ancelotti with new signings How the Premier League table could change after the Boxing Day fixtures last_img read more

President visit for 20th anniversary celebration of Heritage Programme

first_imgHeritage Officers from around the country attended a reception at Áras an Uachtaráin recently hosted by President Michael D. Higgins to celebrate the 20th anniversary of the Heritage Officer Programme.Under the programme, the first Heritage Officers were appointed in Galway City, County Kerry and County Sligo in 1999.County Donegal’s first Heritage Officer was appointed in June 2003 and today there are 27 Heritage Officers nationwide. “The Heritage Officer Programme is a joint initiative between The Heritage Council and local authorities in Ireland,” explained Joseph Gallagher, County Donegal Heritage Officer.“The role of the Heritage Officer is to raise awareness, provide advice, gather data, propose policy and promote best practice in relation to the natural, built and cultural heritage.“In partnership with The Heritage Council and the County Donegal Heritage Forum, the Heritage Officer also oversees the preparation and implementation of the County Donegal Heritage Plan.“The Heritage Council provides part-funding for the role of Heritage Officers in local authorities and for the implementation of County Heritage Plans. “The Heritage Council also provides a continuing professional development training programme for Heritage Officers.”In his address, President Higgins highlighted the role of Heritage Officers: “Communities have benefitted from the work of Heritage Officers and Heritage Council and evidence of that can be seen in every county in Ireland.“There are things that have been protected that would not have been were it not for the actions of local authorities.“I think that [the] Heritage Officer Network will be a fantastic resource and there will be so many things that you can do in partnership, cooperation and community.”Under his stewardship as Minister for Heritage, President Higgins established The Heritage Council in 1995. The Department for Culture, Heritage & the Gaeltacht is in the process of preparing a new National Heritage Plan – Heritage Ireland 2030 – a successor to the first National Heritage Plan adopted in 2002 which provided the basis for County Heritage Plans.“Local authorities and local communities will have a central role to play in the implementation of the new National Heritage Plan.Speaking at the reception, Michael Parsons, Chairman of the Heritage Council Board, said: “The President has called us here to celebrate 20 years of high achievement by our County Heritage Officers.“Their work, in leading at a county level, to promote and safeguard our heritage deserves our admiration, respect and support.” If you would like to find out more about the work of the County Donegal Heritage Office, Donegal County Council, see visit for 20th anniversary celebration of Heritage Programme was last modified: November 12th, 2019 by Shaun KeenanShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Video: Bob Myers on Warriors’ 2019 roster, Kevin Durant’s departure, D’Angelo Russell and more

first_imgCLICK HERE if you are having a problem viewing the photos or videos on a mobile deviceBob Myers, the Golden State Warriors general manager, on Monday confirmed that the team is still finalizing its final two-way contract during a post-practice news conference at the team’s facility in Oakland.“There’s Kevin leaving, processing missing him as a person, what he did for us as an organization. … Great part of our fabric. That’s a loss. You feel that and then, unfortunately, you don’t have a lot …last_img read more

Street Views: Football Fridays

first_imgLesego Madumo pays a visit to Johannesburg’s OR Tambo International Airport, and White River in Mpumalanga province, to find out what South Africans think about the Football Fridays initiative.(Frivas: South African street slang for Friday.)Posted on Football Fridays on 29 September 2009.last_img

Mendeley Launches $10,001 API Contest for Open Science Apps

first_imgGrowing Phone Scams: 5 Tips To Avoid Tags:#hack audrey watters The scientific and academic research tool Mendeley has announced a contest aimed at encouraging developers to build apps on top of Mendeley’s open database. That database includes over 70 million research papers, usage statistics, reader demographics, social tags and related research recommendations. The winning app will receive a grand prize of $10,001.Describing itself as a of sorts for academic research, Mendeley isn’t simply a bibliographic management tool as it is able to glean information from aggregated data to help track trending research topics. Mendeley launched its API last year, and a number of apps have been created already, such as Twendeley, a Twitter-Mendeley mashup. Mendeley’s “API Binary Battle” now incentivizes developers to build even more.“The irony of the Internet is that scientists created it, yet it has been underutilized in strengthening the academic community online. A “Facebook for science data? has never been achieved,” says Mendeley Chief Scientist Dr. Jason Hoyt. “With tools like the Mendeley API platform, developers can bring academia back to the center of the Internet.” The judging panel includes O’Reilly Media’s CEO Tim O’Reilly and Amazon CTO Werner Vogels. The deadline for submissions is August 31. Why You Love Online Quizzescenter_img 7 Types of Video that will Make a Massive Impac… How to Write a Welcome Email to New Employees? Related Posts last_img read more