G-Fees at the GSEs

first_imgHome / Daily Dose / G-Fees at the GSEs Fannie Mae FHFA Freddie Mac GSEs Guarantee Fees loans LTV mortgage Products Risk 2018-12-11 Radhika Ojha G-Fees at the GSEs December 11, 2018 1,933 Views Share Save Sign up for DS News Daily About Author: Radhika Ojha Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post in Daily Dose, Featured, News, Secondary Market The Best Markets For Residential Property Investors 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The average single-family guarantee fee on 30-year fixed rate loans fell by 1 basis point to 59 basis points in 2017, according to a report on Fannie Mae’s and Freddie Mac’s single-family guarantee fees in 2017 by the Federal Housing Finance Agency (FHFA).The report analyzes the government-sponsored enterprises’ (GSEs’) average guarantee fee and gives a breakdown by product type, risk class, and volume of their business. It also analyzes the costs of providing the guarantee and gives a comparison to the guarantee fee data of the prior years.The upfront portion of the guarantee fee, which is based on credit risk attributes such as loan purpose, loan-to-value ratio (LTV), and credit score, fell 1 basis point to 15 basis points in 2017. The ongoing portion of the guarantee fee, which is based on the loan product type such as fixed-rate or ARM, and loan term, increased 1 basis point to 41 basis points, the report noted.Higher interest rates in 2017 led to a smaller share of both rate-term refinances and the 15 -year loans acquired by the GSEs compared to the prior year. The report also indicated a slight increase in the share of loans with higher LTV and lower credit scores due to a larger share of purchase loans and a growing focus by Freddie and Fannie on pilot programs for first-time homebuyers and affordable housing.Looking at the profitability of the loan types, the report indicated modest changes in 2017. While expected profitability improved slightly for 30-year fixed rate loans, it declined for a 15-year fixed rate and ARM loans.Breaking down the numbers and comparing them to historical data, the report found that while guarantee fees had remained unchanged in 2016 and 17, they had increased between 2013 and 2014. Over the five year period that was covered under this report, the acquisition profile in 2017 reflected a slightly higher risk mix overall compared with 2016.Click here to read the full report. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe 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. Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: The 2019 Housing Market Next: Flipper-Uppers The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Fannie Mae FHFA Freddie Mac GSEs Guarantee Fees loans LTV mortgage Products Risklast_img read more

Trump To Visit Michigan Ford Plant

first_img(Ypsilanti, MI) — President Trump will be visiting a Ford Motor plant in Michigan today, a state where thousands are reeling from historic flooding and the failure of two dams earlier this week. The President is scheduled to tour a plant in Ypsilanti that’s making ventilators for the COVID-19 crisis. The Ford Motor company and GE Healthcare announced in March that they would produce 50-thousand ventilators over the course of 100 days. Michigan Governor Gretchen Whitmer’s office says Trump’s visit contradicts rules the governor put in place to fight the spread of COVID-19, but she will not try to stop it.The president has, however, been asked to wear a face mask, during his tour of the plant. ….Together, we built the greatest economy in history. We will do it again – better than ever before!— Donald J. Trump (@realDonaldTrump) May 21, 2020last_img read more

Albion, Rose Hall Town Poonai Pharmacy advance to final

first_imgOVER the last 15 years, Rose Hall Town Youth and Sports Club, MS (RHTY&SC) and the Albion Community Centre Cricket Club (ACCCC) have been the two dominant cricket teams in Berbice. They have played numerous finals at different levels and both clubs have a lot of respect for each other. On Sunday, both clubs advanced to another final after registering victories in their respective semifinals of the Berbice Cricket Board(BCB)/Trophy Stall U-13 tournament. RHT Poonai Pharmacy defeated a determined Rose Hall Canje on first innings, while Albion obtained a similar result against Achievers CC at the Bush Lot ground.At the Hampshire ground, RHT Poonai Pharmacy won the toss and elected to bowl first. Rose Hall Canje raced to 60 without loss as Zadeem La Rose and R. Ramdehol started like a house on fire. Ramdehol fell for 19 to spark a spectacular collapse to 107 for 8 off their allotted 40 overs.La Rose top-scored with a well-played 65. Spinners Tyrese Smartt 3 for 26 and Imran Mohamad 3 for 21 were the best bowlers for Poonai Pharmacy. Needing to score 108 to take first innings and a place in the final, the 2018 Under-13 runners-up reached 131 for 6 when their first-innings quota 40 overs were bowled.Meanwhile, 12-year-old Tyron Smartt batted throughout the innings to remain unbeaten on a classy 63 not out while Khemraj Tika scored 16 before he was run-out in a mix-up with Smartt.La Rose returned with the ball for Canje to take 3 for 31. Batting a second time with 70 minutes remaining in the match, Rose Hall Canje raced to 61 for 2 with Aaron Craig hitting a quick-fire 29. Off spinner Deeraj Ramjit took 2 wickets for 19 for RHT Poonai Pharmacy as the match was called off early.At Bush Lot ground in West Coast Berbice, Albion, batting first, against Achievers scored 77 from 29.4 overs. Afraz Budhoo top-scored with 36, which included seven sweetly-struck boundaries.Extras contributed a healthy 13. T. Isaacs took 4 for 20 and T. Ramcharran 3 for 14 for West Berbice who in reply were bowled out for 27, with only E. Rogers reaching double figures with 10. Seven of Achievers batsmen failed to trouble the scorers as Afraz Budhoo 3 for 10, Devin LalBehari 2 for 10 and Ritesh Nathoor 2 for 0 bowled well for the visitors.Albion, batting a second time reached 65 for 4 when the game was called off. Afraz Budhoo completed a fine all-round performance by scoring 16 while Nathaniel Chinapen 17 and Devin LalBehari 17 chipped in with support. A. Doobay took 2 for 11 while T. Isaacs and C. Dale took a wicket apiece. Earlier in the day, the match was delayed by three hours due to heavy morning rain.RHT Poonai Pharmacy and Albion would clash in the final on Saturday at the Area ‘H’ Ground. The 2018 Under-13 runners-up had taken first innings from Albion, when they played in the opening round at the Area ‘H’ Ground.The match would bowl off at 10:00hrs, with the first innings being restricted to 40 overs.last_img read more

Leaked! Black Stars World Cup budget

first_imgThe Black Stars Brazil 2014  budget has been chanced upon  by our sources  and it reveals the details of the budget for the mundial which begins in June.Participation fee $1.7mQualification bonus preliminary stages $1.8mQualification bonus 1/16 stage $837,000Quarter finals $1mSemi finals $1.2m Third-place $1.4mFinals $1.6mDETAILS…Boarding and lodging of other officials: $750/Day for 35 days = $131,000Laundry $30,000 Per diem/Allowance for 33 (Players and technical team) $115,00022 other officials $150/Day for 35 days $115,000Medicals $50,000Protocol $150,000Foodstuff $10,000 Complimentary ticket for players and technical handlers @1/16 Stage = $18,000Accountable Impress for 4 scouts for travels, accommodation/meals – $30,000 each = $120,000Honoraria for 4: Media Officer, Protocol Officer, Extra Doctor, Extra Physiotherapist $12,632 each*4= $50,528Honoraria for team: two National Security Officers, two caterers and drummer @ $5,263 each = $26,315Honoraria for 4 scouts and 1 therapist @ $10,526 each = $ 52,630 Honoraria for two backroom staff $12,632Bonuses -$15,789 per player at preliminary stageHead coach $31,578Bonus for 7 management team members (Prelims) = A bonus of a player for three matches ( 7 X $15,782 X THREE) = $331,000Bonus for 7 management members at 1/16 Stage (7 X $21,000) = $147,000 Bonus for 7 management members @ quarter final stage $184,000Bonus for 7 management members @ semi finals stage $221,000Bonus for 7 management members @ finals $257,000Bonus for 23 players 2 assistant coaches, 1 physio, 1 psychologist $15,000/each @ preliminary stagePlayer bonus @ 1/16 stage- $484,000 for 23 ($21,000/player) Player bonus @ quarter final stage – $26,000/player (X 23) = $598,000Bonus for head coach @ quarter final stage $52,000Bonus for match analyst, welfare, masseur, kits manager $18,000 each @ 1/16 stage – $72,000NB: According to the spokesperson, GFA does not know the details of the approved budget so can’t speak on the figures.Just hoping probably after the World Cup, the ‘state secret’ as termed by the GFA Spokesman will tell us otherwise when the account is being rendered.last_img read more