Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Law Firm Accuses CFPB of Unlawful Funding Next: FHFA To Disburse GSE Allocations to Housing Trust Fund The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Fannie Mae FHFA Freddie Mac G-Fee UMBS 2020-02-27 Seth Welborn With the advent of the Single-Security Initiative, the single-family guarantee fee has been eliminated for another quarter, according to former CEO of Freddie Mac Don Layton. In post from the Harvard Joint Center for Housing Studies, Layton notes how the elimination of the “G-Fee” discount was a major reason why the Federal Housing Finance Agency (FHFA) directed the two entities to create a new common securitization platform along with a “single security” where the mortgage securities of the two companies would trade almost as one.In June 2019, Fannie Mae and Freddie Mac launched the marked the completion of their Single Security Initiative with the launch of the Uniform Mortgage-Backed Security (UMBS), “the result of close collaboration with FHFA, Freddie Mac, Common Securitization Solutions, and hundreds of housing finance stakeholders and we congratulate all involved on this achievement,” said Renee Schultz, SVP, Capital Markets, Fannie Mae in a statement.After the single-security’s implementation, the discount almost entirely disappeared. In the second full quarter of the new single security—the fourth quarter of 2019—Layton revealed that not only was there was no discount, but there was also a 0.01% premium.While the 0.01% discount and 0.01% premium in wasn’t meaningful, Layton notes, “the historic discount has shown itself to have been eliminated for another quarter.”According to Layton, the as Freddie Mac no longer has a reduced g-fee revenue stream, savings are produced for taxpayers, and “the combined liquidity of both GSEs should make the interest rate on the mortgage securities they issue a bit lower for both companies, which directly translates into a lower interest rate to homeowners on their mortgages,” said Layton.“Lastly, and perhaps most importantly from a policy perspective, the combined liquidity of both GSEs should make the interest rate on the mortgage securities they issue a bit lower for both companies, which directly translates into a lower interest rate to homeowners on their mortgages.”“Thus, one of the major reforms done while the GSEs have been in their unexpectedly long conservatorship is looking very much like a success,” Layton adds. The Single-Security’s G-Fee Impact Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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. The Best Markets For Residential Property Investors 2 days ago Tagged with: Fannie Mae FHFA Freddie Mac G-Fee UMBS in Daily Dose, Featured, News, Secondary Market February 27, 2020 1,548 Views Home / Daily Dose / The Single-Security’s G-Fee Impact Sign up for DS News Daily Print This Post Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe
TO VISIT THE OLD NATIONAL EVENTS PLAZA in EVANSVILLE May 4, 2017 at 7:30 PMTickets On Sale Thursday, August 11 at 10:00 AM!(August 2016) Evansville, IN – Television personality, author and Food Network star Alton Brown has announced “Alton Brown Live: Eat Your Science” (www.altonbrownlive.com) will visit the Old National Events Plaza in Evansville on Thursday, May 4, 2017 at 7:30 PM. Brown created a new form of entertainment – the live culinary variety show – with his “Edible Inevitable Tour,” which played in over 100 cities with more than 150,000 fans in attendance. The first leg of Eat Your Science sold 100,000 tickets in the 40 cities Brown visited.Tickets for Alton Brown Live: Eat Your Science start at $38 and can be purchased at Old National Events Plaza, by visiting Ticketmaster.com, or by calling 1-800-745-3000. Discounts are available for Broadway in Evansville subscribers and groups of 10 or more by calling (812) 435-5770 x211.Brown says fans can expect “all-new everything including songs, new comedy, new puppets, and bigger and better potentially dangerous food demonstrations.” Critics and fans have raved about the interactive components of Brown’s shows. He promises “plenty of new therapy inducing opportunities during our audience participation segments. I don’t want to give too much away, but this time we’re going to play a little game.”Brown has a knack for mixing together science, music and food into two hours of pure entertainment. “Plus, you’ll see things I’ve never been allowed to do on TV.” Brown, author of the James Beard award winning “I’m Just Here for the Food” and New York Times bestselling sequence “Good Eats,” is releasing his new cookbook through Ballantine Books (an imprint of Random House) on September 27 and it is available for preorder now. “Alton Brown: EveryDayCook”, or EDC as Brown calls it, is a collection of more than 100 personal recipes as well as a pinch of science and history. He has hosted numerous series including “Cutthroat Kitchen,” “Camp Cutthroat” and “Iron Chef America” and created, produced and hosted the Peabody award winning series “Good Eats” for 13 years on Food Network; Good Eats can still be seen on the Cooking Channel and Netflix.Information about Alton Brown or the Eat Your Science tour can be found on Facebook: /altonbrown; Twitter: @altonbrown; Instagram: @altonbrown; or use the tour hashtag #AltonBrownLive.Those with an appetite for more Alton Brown can find additional show and ticketing information atwww.altonbrownlive.com. FacebookTwitterCopy LinkEmail
Mountain Jam Festival will return to Hunter Mountain, New York on June 15-17, 2018. Headlining the annual event are Jack Johnson, Sturgill Simpson, and alt-J, with additional performances from The War On Drugs, Portugal. The Man, Father John Misty, The Decemberists, Jenny Lewis, Kurt Vile & The Violators, George Clinton & Parliament Funkadelic, Rag’n’Bone Man, and Turkuaz. Also on the initial lineup are Chicano Batman, The Record Company, Anderson East, The Felice Brothers, Mondo Cozmo, Son Little, Everything Everything, Lewis Capaldi, Sarah Borges and The Broken Singles, Woods, Andy Frasco and The U.N., Thomas Wynn & The Believers, Jade Bird, The Stone Foxes, Liz Vice, John Craigie, John Broadbent, Eric Tessmer Band, Mapache, Larkin Pe, Oliver Zahard, Jocelyn & Chris Arndt, Honeysuckle, Sydney Worthley, Sweet Marie, and many more. Clearly stepping away from its “jam” roots, the Mountain Jam Festival is entering new territory with this rocking lineup. With more artist announcements to come, we can’t wait to see what the new Mountain Jam Festival is all about.Check out Mountain Jam Festival’s lineup announcement video below:Tickets are on sale now, head to the fest’s website for details.[photo: Mountain Jam Festival Facebook]
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York More than 6,000 acres of underwater lands closed for shellfish harvesting since Superstorm Sandy finally reopened on Saturday, officials said.The New York State Department of Environmental Conservation had barred residents from harvesting shellfish in underwater lands in the Great South Bay and South Oyster Bay on Oct. 29, 2012—the day Sandy struck Long Island.State environmental officials said severe coastal flooding and massive power outages had forced them to close those areas to shellfish harvesting in order to protect public health.The closure was lifted at sunrise on Saturday.Shellfish harvesting is permitted in these areas:Town of Hempstead: All the normally certified shellfish lands in South Oyster Bay, lying easterly of the Wantagh Parkway (Jones Beach Causeway).Town of Oyster Bay: All the normally certified shellfish areas of South Oyster Bay.Town of Babylon: All the normally certified shellfish areas of Great South Bay.
Tweet Share 122 Views no discussions Sharing is caring! LifestyleLocalNewsTravel WINAIR announces summer flight specials by: – July 11, 2014 Share Share Discover Dominica Authority (DDA) has partnered with WINAIR to promote flights between Dominica and Guadeloupe. WINAIR offers round trip flights between the two islands on Tuesdays, Wednesdays, Fridays, Saturdays and Sundays. Special fares of EC$418 or €110 are being offered for flights between Dominica and Guadeloupe until September 30, 2014.Additional information on the special fares can be obtained from local agents HHV Whitchurch & Company Ltd, or at www.fly-winair.com