Freddie Mac Prices Sixth STACR Offering

first_img in Daily Dose, Featured, News Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Freddie Mac Prices Sixth STACR Offering Credit Risk Sharing Freddie Mac STACR 2016-09-13 Kendall Baer Share Save Tagged with: Credit Risk Sharing Freddie Mac STACR Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Related Articles Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Freddie Mac recently priced a $515 million Structured Agency Credit Risk (STACR) debt notes offering, according to a report from the GSE. This is reportedly the sixth one from Freddie Mac this year. The report states that through STACR, Freddie Mac transfers a significant portion of its mortgage credit risk on certain groups of loans to private investors.Pricing for STACR Series 2016-HQA3 includes M-1 class which is one-month LIBOR plus a spread of 80 basis points, M-2 class which is one month LIBOR plus a spread of 135 basis points, M-3 class which is one month LIBOR plus a spread of 385 basis points, and finally, B class which is one month LIBOR plus a spread of 900 basis points.Bank of America Merrill Lynch and Goldman, Sachs & Co. will serve as co-lead managers and joint bookrunners, according to the report.Freddie Mac states that with the STACR 2016-HQA3 offering of loans with LTVs ranging from 80 to 95 percent, Freddie Mac holds the senior loss risk in the capital structure and a portion of the risk in the Class M-1, M-2 and M-3 tranches, and the first loss Class B tranche.Additionally, STACR 2016-HQA3 has a reference pool of single-family mortgages with an unpaid principal balance of more than $15.7 billion. The reference pool consists of a subset of 30-year fixed-rate single-family mortgages acquired by Freddie Mac.The report states that Freddie Mac has led the market in introducing new credit risk-sharing initiatives with STACR, Agency Credit Insurance Structure (ACIS) and Whole Loan Securities (WLS(SM)), and was the first agency to market these types of credit risk transfer transactions. The company states that it has since grown its investor base to more than 200 unique investors, including insurers and reinsurers. Additionally, since 2013, the company has transferred a significant portion of credit risk on nearly $530 billion of UPB on single-family mortgagescenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Freddie Mac Prices Sixth STACR Offering About Author: Kendall Baer The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago September 13, 2016 1,351 Views Previous: National Foreclosure Rates Back to Pre-Crisis Levels in July Next: New Tool Launched for REO Market The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribelast_img read more

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My mentor

first_imgMy mentorOn 6 Nov 2001 in Personnel Today Clare Chapman, HR director at Tesco, on Ronnie Miller,vice-president of HR for the international division at Pepsi-Cola, who has beenher role model since their time together at the global beverage companyOne little piece of advice by Clare Chapman’s mentor saved her six months ona big recruitment project. Ronnie Miller, the former vice-president of HR Asian Pacific at Pepsi-Cola,told Chapman to always “ask for forgiveness, not permission”. Chapman, Tesco’s HR director, has always heeded the advice. When she starteda new role for Pepsi-Cola, as the vice-president of HR for eastern Europe andcentral Asia, she had to build up her team as the drinks company entered a newmarket. Instead of waiting for final approval from the company’s head office, Millerurged her to get on with recruiting the personnel she needed. It saved her a lot of time. “I recruited the team and when we did getpermission the team started straight away. We were able to hit the groundrunning because I did not have to wait the three to six months that it wouldhave taken to hire the team,” she explains. Chapman also admires Miller’s open-mindedness and determination.”Ronnie taught me to be bold. She was also such a safe sparring partner –I would phone her up and we would have frank discussions, which meant that Itook risks faster,” she says. “She is very smart with a great sense of humour and is non-judgemental.I have also tried to be non-judgemental, patient and understanding beforegiving an opinion.” Miller is currently vice-president of HR for the international beveragedivision at Pepsi-Cola. Related posts:No related photos. Comments are closed. Previous Article Next Articlelast_img read more

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Nothing but good times

first_imgExpressions of interest in 107 King Arthur Terrace, Tennyson, closes on March 20For the past 13 years this north-facing, flood-free home at Tennyson has been the perfect place for Phil and Karon Wikman to entertain their friends and family.Memories of big birthday parties for their three children and many school functions have not been forgotten.“We have had two 18th birthday parties and a 21st. We’ve also celebrated two 50th birthday The two-storey, five-bedroom home has an imposing facadeparties,” Mrs Wikman says. “We’ve celebrated many milestones in this home and the most people we’ve entertained here is about 200.”Mr Wikman says the house is “at its best” when it is full of people. “There’s plenty of space to entertain — inside and out,” he says. “My favourite part of the home is the outdoor terrace, because of the river views.” Even the TV room in the five-bedroom, three-bathroom home has been transformed into a disco room, according to Mrs Wikman, who says they also had DJ playing in the space. There is plenty of entertaining space in the family homeWith the inclusion of an infinity-edge pool and private pontoon with a jet-ski dock, the Wikmans say there is little chance of being bored at 107 King Arthur Terrace, located about 7km south of Brisbane’s city centre. And for those who love a nice drop of wine, the Wikmans have repurposed a secure vintage bank vault into a 440-bottle wine cellar — a quirky hidden addition. The kitchen was recently upgraded and has a marble island benchtopOnly a few steps away from the cellar is the spacious kitchen, which the couple updated three years ago. It features a statement marble island bench, soft-close drawers, a stainless-steel Miele convection microwave/speed oven, wall oven, induction cooktop, integrated dishwasher, and concealed preparation space, to accommodate small appliances.Describing it as “sleek and sophisticated”, Mrs Wikman says it is a nice spot from which to enjoy the views of the Brisbane River.More from newsParks and wildlife the new lust-haves post coronavirus9 hours agoNoosa’s best beachfront penthouse is about to hit the market9 hours agoThe upper level of the house, accessed via a 5m walkway, has a spacious parents’ retreat with a jaw-dropping en suite and views of the golf course.“There’s a few boats that go past and you can sometimes hear the rowers in the morning too. Having said that, it’s a nice quiet stretch of the river,” Mr Wikman says. The mezzanine has a billiards table and chillout zoneAlso upstairs is another of the home’s chillout zones — a mezzanine billiards’ room overlooking the open living areas below and taking in sweeping river views. With a built-in bar, the billiards room maintains connectivity with entertaining spaces on the lower level, while offering a separate games’ zone.The Wikman’s are looking to stay in the area, but want to move to an apartment with their 11-year-old dog Coco.They hope a family with school-aged children buy their much-loved home.The property is close to the Queensland Tennis Centre and the Tennyson Reach riverfront lifestyle precinct, which is under construction.last_img read more

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Egyptian court upholds Morsi’s death sentence

first_imgIn spite of the outpouring international backlash authorities in Cairo appear keen to continue their crack down on the Muslim brotherhood, the group which sponsored Morsi’s rise to power. CCTV’s Adel El Mahrouky reports Kenya’s Supreme Court declares mandatory death sentence unconstitutional Related Court postpones Morsi death sentence confirmation Egyptian court confirms Morsi’s 20-year prison sentencelast_img

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HIV Response Unit: By 2030, No One Should Die of AIDS

first_img Share Share Share Sharing is caring! 46 Views   no discussionscenter_img LifestyleLocalNews HIV Response Unit: By 2030, No One Should Die of AIDS by: – December 20, 2019 Tweet                                 Lester Guye, National HIV/AIDS Response UnitThe HIV/AIDS Response Unit says it is taking very seriously its mandate to eliminate HIV/AIDS by 2030.The United Nations 2016 Political Declaration calls on the world to achieve specific goals in support of the 2030 Agenda for Sustainable Development.Those goals are to reduce new HIV infections to fewer than 500 000 globally; to reduce AIDS-related deaths to fewer than 500 000 globally and to eliminate HIV-related stigma and discrimination- all by the year, 2020.Acting Coordinator of the HIV/AIDS Response Unit, Lester Guye details, “By 2020, the world should be at the 90/90/90 level.”He explained that, “90% of people in the country who are HIV positive should know their status. Out of that percentage, 90% of them should be on anti-retroviral medication and out of that group, 90% of them should be virally-supressed.“That is also a prevention method. It means that once you are in care and virally-supressed, even if you are sexually-active and a condom should break or you decide to take a chance with your partner, the possibility of transmitting the disease is extremely low.’Guye hopes that “by 2030, which is a decade from now, no one should be dying of AIDS.”He says in 2030, if the goals are met, the virus may still exist but no death should result.last_img read more

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Klopp’s ‘passion’ restored as English football nears return

first_imgLondon, United Kingdom | AFP | Liverpool manager Jurgen Klopp cannot wait for English football’s return after a three-month layoff due to the coronavirus pandemic and promised to celebrate the Premier League title in style when it is safe to do so.Liverpool are just two wins away from securing their first league title in 30 years.The Reds held a commanding 25-point lead over Manchester City when play was halted in March.Klopp’s men could even clinch the title with victory in their first game back if City lose to Arsenal in one of two games scheduled to take place on June 17, before the first full round of matches the following weekend.“I have missed it so much it’s unbelievable,” Klopp told the BBC.“I know it’s not the most important thing in life but it is my passion. I hope the people are looking forward to it because we are.”After such a long wait to win the Premier League, Liverpool face the anti-climax of doing so in front of empty stands with all remaining 92 league games to be played behind closed doors.A year ago to the day, tens of thousands of fans poured onto the streets around Liverpool to celebrate a sixth European Cup win.And Klopp insisted there will be a parade to celebrate the title, even if it is many months after the league is won. “If we become champions, whatever celebrations are possible we will do as a team internally and with all our supporters in the moment we are allowed to do so again,” he added.“I can promise that if it happens, there will be a parade as well. Whenever. Who cares! We only need one day when everybody is able to come and then we will do that.”Klopp’s men are also well on course to smash the record points tally in the Premier League, set by Manchester City who registered 100 two seasons ago.Liverpool have already racked up 82 points with 27 still to play for and Klopp does not want to see any easing up towards the end of the campaign.“It’s nice to think about it but we are not champions yet and we know that,” he said. “We know we are close but close is not there. There are 27 points left for us and we will try everything to take them all.“We are still not champions. We have to play football games and we have to win them.“We don’t want to stop winning after two games or whatever it is. I don’t see results written in the stars; we have to work really hard.” Share on: WhatsApplast_img read more

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New White House Press Secretary Kayleigh McEnany to make her Debut

first_imgThe new White House press secretary will take to the iconic podium on Friday and hold her first formal briefing by someone other than the president for reporters in more than a year.Kayleigh McEnany who had been the spokeswoman for President Donald Trump’s re-election campaign, and who is a frequent guest on the South Florida Morning Show, took over the job last month. Former Press Secretary Sarah Huckabee Sanders discontinued the practice of speaking for the President in March of last year, and her successor, Stephanie Grisham, did not hold any briefings. Grisham was also acting ast the First Lady Melania Trump’s press secretary.The president himself has spoken regularly from the podium during the coronavirus pandemic, and often holds court in the Oval Office or on the South Lawn with Marine One helicopter blades spinning in the background.McEnany is a University of Miami alum and a Harvard Law School graduate and she expected to brief reporters this afternoon.last_img read more

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Keeping ‘Em Flying At Saint Martin’s University: Preparing For World War…

first_imgFacebook54Tweet0Pin0 Submitted by Jennifer Crooks, Saint Martin’s University intern to ThurstonTalkFlight classes met at the Olympia Airport. Notice the Buroker/Hicks Flying Service sign on the building. Photo courtesy Olympic Flight Museum.Saint Martin’s University was founded in 1895 in what is now  Lacey, Washington. Originally known as Saint Martin’s College, it became a University in 2005. The only private Benedictine institution of higher education west of the Rockies, this school has been host to a wide variety of programs over the years. One of the more unusual of these was an aviation program.As the United States prepared for World War II, the need for more American pilots became apparent. With the Civil Pilot Training Act of 1939, the federal Civilian Aviation Agency funded flight training at various schools around the nation, including Saint Martin’s College.At first, both female and male applicants were equally accepted into the program, and when classes started at Saint Martin’s College that summer several women were in attendance. At this time, Saint Martin’s was an all-boy’s school run by an all-male faculty, mostly clergy members. These women flight students were the first “co-eds” at Saint Martin’s.The Buroker-Hicks Flying Service provided teachers for the flight program. This Service was a business partnership between Gwin Hicks (1910-2000), Herbert “Herb” Buroker (1895-1973), and Herb’s wife Gladys  Dawson Buroker (1914-2002). Gwin Hicks, the manager of the municipal Olympia Airport, was coordinator and promoter of the program. Herb Buroker, a World War I pilot, served as repairman at the Airport and was also a licensed flight instructor. Gladys Buroker, by teaching in the flight program, became the first female instructor at Saint Martin’s College. She was not the first woman to work at the school. For example, nuns from St. Gertrude’s Priory of Cottonwood, Idaho served in the kitchen from 1904 to 1959.Several Saint Martin’s College students are among the flight students in this image taken at Weeks Field, Idaho. They are standing in front of the College’s “Rangers” bus. Photo courtesy Saint Martin’s University, Ted Yearian photo.Originally from Ferndale, Washington, Gladys was trained to be a pilot by Herb Buroker, her future husband. She quickly fell in love with flying. A unique individual, Gladys excelled in a field dominated by men. She could fly many types of planes, and would later learn how to fly  gliders and even hot air balloons. Barnstorming across Washington in the 1930s, she was also a parachutist. Despite only having received flight instructor certification the year before she came to Saint Martin’s, she eagerly took to the job and proved herself an excellent instructor. She would later recall that her male students accepted her fairly easily.As the program expanded into the fall, Congress passed rules banning women from applying to the civilian fight training program, because graduates were expected to be commissioned into the military. In the fall, the now all male class numbered twenty students. Both Burokers and Hicks served as flight instructors at the school. The Buroker/Hicks Flying Service offered ground school classes at the College on topics like flight theory and navigation with flight instruction at the Olympia Airport.With the declaration of war against Japan in December 1941, civilian aviation was limited on the West Coast as a matter of security. So during the Christmas holidays, the aviation school moved from Olympia inland to Pasco, Washington. They had to move again in January 1942  to Weeks Field near Coeur d’Alene, Idaho when the Navy took over the Pasco airport. Several Saint Martin’s students went along to Idaho to continue their training, accompanied by Father Desmond, (the dean of students) and Father Robert Wippel.In spring 1942, the military took over the Civilian Pilot Training Program nationwide and notified Buroker/Hicks that their contract would terminate when their current students finished the program. After this, another contract was made and War Training aviation students were sent to Weeks Field for Buroker/Hicks for instruction. With the direct connection severed with Saint Martin’s College, Father Desmond returned to Lacey. The Buroker/Hicks partnership amicably dissolved in 1944 after their license with the military expired.Gladys Buroker (pointing at plane model) teaching several students at Saint Martin’s College. Photo courtesy Saint Martin’s University, Ted Yearian photo.The Burokers remained in Idaho and active in aviation. They owned Idaho’s first municipal airport and worked together until Herb’s death in 1973. Gladys became a nurse and remained a flight instructor. She received much recognition for her pioneering work in female aviation before her death in 2002. Gwin Hicks also remained active in aviation. He helped form Zimmerly Airlines in Lewiston, Idaho (later merged with West Coast Airlines), served on various government aviation boards and was a proponent of Lacey history until his death in 2000.Saint Martin’s College offered flight classes into the 1950s. The Buroker/Hicks Flying Service left an impressive record. From 1939 to mid-1942 they taught over 400 students. Many of these pilots served in World War II, participating in combat and support services. Moreover, Gladys Buroker was the first female instructor at the College and some of her students were the first female students at the school.Further ReadingGladys Buroker with Fran Bahr, Wind in My Face: Autobiography of Gladys Dawson Buroker, Pioneer Pilot. (Coeur d’Alene, ID: Action Printers, 1997).Scott, John C.. This Place Called Saint. Martin’s, 1895-1995: A Centennial History of Saint Martin’s College and Abbey, Lacey, Washington. (Virginia Beach, VA: Donning Co.Publishers, 1996).last_img read more

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