Freddie Mac Hits Credit Risk Transfer Milestone

first_img Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News, Secondary Market Previous: FHA Makes Enhancements to Distressed Loan Sales Program Next: Fannie Mae’s Mortgage Portfolio Value Tumbles Share Save June 30, 2016 943 Views Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Credit Risk Transfer Freddie Mac 2016-06-30 Brian Honea Tagged with: Credit Risk Transfer Freddie Mac Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Freddie Mac Hits Credit Risk Transfer Milestone Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Freddie Mac Hits Credit Risk Transfer Milestone The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Scott Morgan Freddie Mac has obtained three new insurance policies under its Agency Credit Insurance Structure (ACIS) program, representing the largest aggregate transaction to date, and a new milestone reached.The new policies provide a combined maximum limit of approximately $788 million of losses on single-family loans and transfer much of the remaining credit risk associated with three of the Structured Agency Credit Risk debt issuances this year. These transactions, aided by Chicago-based risk management firm Aon Benfield, transfer “a significant portion of mortgage credit risk on approximately $75 billion of unpaid principal balance on single-family mortgages” Freddie Mac announced Thursday.All this means that Freddie Mac has now placed $5 billion in insurance coverage through 20 ACIS transactions since the program’s inception in 2013.”We are pleased to have reached another significant issuance milestone in our single-family credit risk transfer program,” said Kevin Palmer, senior vice president of single-family credit risk transfer for Freddie Mac. “Our evolving and maturing ACIS program continues to attract a growing amount of capital from domestic and foreign insurers and reinsurers, as evidenced by the record number of counterparties who helped to make today’s announcement possible.”Aon Benfield CEO Eric Andersen said, “After a period of educating insurers and reinsurers on U.S. mortgage credit risk, we have found they have become comfortable and very receptive to this new line of business. We are pleased to have the opportunity to continue to work alongside Freddie Mac to create sustainable re-insurance capacity in this sector, and consequently an ever more stable U.S. housing market environment.”Freddie Mac was the first agency to such types of credit risk transfer transactions as ACIS. Since 2013, through ACIS and other programs such as the Structured Agency Credit Risk (STACR) series, Freddie Mac has transferred a substantial portion of credit risk on more than $525 billion of unpaid principal balances on single-family mortgages. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Sign up for DS News Daily Subscribelast_img read more

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Dempsey grabs hat-trick as U.S. hammer Honduras 6-0

first_img(REUTERS)-Clint Dempsey scored a hat-trick as the United States hammered Honduras 6-0 in California on Friday to get their 2018 World Cup qualifying campaign back on track.The United States, who replaced coach Juergen Klinsmann with Bruce Arena in November after losing their last two qualifiers, opened the scoring through Sebastian Lletget after five minutes when he was on hand to tap home after Christian Pulisic’s shot squirmed past the goalkeeper.Honduras came back into the game but the home side doubled their lead after 27 minutes when U.S. captain Michael Bradley was afforded time and space to fire home a low drive from 25 yards out.Dempsey marked his return to the team after a year out with a heart complaint by making it 3-0 five minutes later when he volleyed home a deft pass from Pulisic, who made it 4-0 seconds after half-time when he shot into the bottom corner.Pulisic turned provider again three minutes later with a perfectly weighted pass that Dempsey steered round the keeper before firing into the empty net.Dempsey got his hat-trick and his side’s sixth goal in the 54th minute when he curled a spectacular free kick into the far corner of the net from 25 yards out.The result takes the United States onto three points, equal with Trinidad and Tobago and Honduras, and off the bottom of the group on goal difference.Mexico lead the table with seven points, one ahead of Costa Rica and three more than Panama.The top three teams in the group qualify automatically for Russia while the fourth-placed side goes into a playoff with a team from the Asian conference.last_img read more

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No surprise – Dodgers’ Clayton Kershaw will make ninth Opening Day start

first_img Newsroom GuidelinesNews TipsContact UsReport an Error “It just means I’m old, I guess,” Kershaw joked. “You don’t ever want to make light of the situation. It’s very cool. The cliché is it’s just another game and it is. But I guess Opening Day means a lot, symbolizes a lot of things. I’m excited about it. It’ll be cool.”The major-league record for consecutive Opening Day starts is held by Hall of Famer Jack Morris, who did it with three teams (the Detroit Tigers, Toronto Blue Jays and Minnesota Twins). The longest stretch of consecutive Opening Day starts with one team is 12 by another Hall of Famer, Robin Roberts, who did it with the Philadelphia Phillies.“To be with the same team that long, with the Dodgers a team with such a long list of great starting pitchers, to be associated with them is kind of special,” Kershaw said.Kershaw has a 1.05 ERA (six earned runs over 51-2/3 innings) with 59 strikeouts and eight walks in his eight previous Opening Day starts. The Dodgers won the first seven but lost 1-0 to the Giants on Opening Day last year.MANNY MONEYWhen the news broke Tuesday morning that Manny Machado had agreed to a 10-year, $300 million deal with the San Diego Padres, the Dodgers were just taking the field for the first full-squad workout of the spring. Cody Bellinger homer gives Dodgers their first walkoff win of season How Dodgers pitcher Ross Stripling topped the baseball podcast empire Dodgers hit seven home runs, sweep Colorado Rockies Hernandez and Taylor are right-handed hitters. Muncy is the Dodgers’ only left-handed option at the position. Moving him there against right-handed pitching would free up first base for Cody Bellinger (expected to play more in right field this year) and is “a possibility,” Roberts acknowledged Tuesday.“We still have time to hone in on that,” Roberts said. “And things can change as they always do. Right now, he’s going to take some grounders there. But a lot of his work is going to be at first base.”BUEHLER’S DAYDodgers right-hander Walker Buehler is the only one of the team’s starting pitchers who hasn’t thrown a bullpen session during camp. Roberts said the team is “slow-playing” him after a 177-inning workload last season.Buehler is tentatively scheduled to throw his first bullpen session on Wednesday.“But if I don’t, nobody freak out,” he warned reporters Tuesday.center_img GLENDALE, Ariz. — It is the least surprising news of Dodgers spring training every year for nine years now.Dodgers manager Dave Roberts was asked to name his Opening Day starter on Tuesday.“Clayton Kershaw,” Roberts said. “Does that surprise you?”It shouldn’t surprise anyone. The starting assignment on March 28 at Dodger Stadium against the Arizona Diamondbacks will be Kershaw’s ninth consecutive Opening Day start, extending his franchise record. “It’s good for Manny. It’s good for the Padres,” Roberts said. “So we’re going to see a lot more of Manny this year.”That Machado and Bryce Harper were both unsigned so deep into February had many bemoaning the state of the free-agent market. Many players went on record with their feeling that changes were needed in the system when talented free agents were not getting paid.Dodgers president of baseball operations Andrew Friedman said he always felt that narrative was “overstated.”“Internally, we expected him to get arguably the highest free-agent contract ever. I guess free agent-wise it’s A-Rod’s $252 million and he beat it and it’s fitting for a guy with his talent,” Friedman said.“I do think there’s some challenges that we need to work out as an industry. But there was a lot of noise and chatter trying to incite things with things like saying there are 100 free agents (unsigned). There aren’t 100 major-league free agents. Saying guys were getting frozen out – clearly, that’s not the case. The rhythm of a negotiation can play out in different ways. Obviously, this one took a little longer. But ultimately he got a very strong contract – as he should.”2B OR NOT 2BDuring Tuesday’s first full-squad workout, Max Muncy did some work at second base with Kiké Hernandez and Chris Taylor. Roberts said Muncy would continue to work there some during the spring and also get some action at second base during spring games.Related Articles Dodgers’ Max Muncy trying to work his way out of slow start Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco last_img read more

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Women’s World Cup places up for grabs in Windhoek

first_img24 July 2014South Africa’s women’s football team, Banyana Banyana, will face Cameroon in their opening match of the 2014 Caf African Women’s Championship at the Independence Stadium in Windhoek, Namibia on 12 October.Coach Vera Pauw’s charges were also drawn to take on Algeria and Ghana in Group B of the tournament when the draw was made at the Windhoek Country Club on the weekend.The tournament kicks off on Saturday, 11 October with a match between hosts Namibia and Zambia at the Sam Nujoma Stadium.The top three finishers will automatically qualify for the 2015 Fifa Women’s World Cup, which will take place in Canada. South Africa has never before qualified for the World Cup.Banyana Banyana were seeded in Group B after the failure of the defending champions, Equatorial Guinea, to qualify for the event.Two years ago, Equatorial Guinea won the tournament on home soil, beating South Africa 4-0 in the final. Banyana Banyana had beaten their traditional nemesis, Nigeria, for the first time in the semi-finals to earn their place in the title-decider.Nigeria the top-ranked teamNigeria will be back to challenge for the title again this year, having won the African Women’s Championship eight times, most recently in 2010 when South Africa hosted the tournament.Joining Nigeria in Group A are Namibia, Zambia and Cote d’Ivoire.Nigeria is the highest ranked of the teams contesting the championship finals, occupying 34th place on Fifa’s world rankings. Ghana is ranked 48th and South Africa 51st.The teams will face off in round-robin play in their groups before the top two from each group advance to the semi-finals.South Africa’s recordBanyana Banyana have finished as runners-up in the African Women’s Championship four times previously.Apart from their second-place finish two years ago, they lost two other finals, also against the host nations, going down 1-2 to Equatorial Guinea in 2008 and losing 0-2 to Nigeria in 2000.In 1995, Nigeria convincingly defeated South Africa over two legs in the final, winning 4-1 and 7-1 for an 11-2 aggregate victory.last_img read more

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Ohio Ag Weather and Forecast – Aug 16, 2019

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Partly sunny through most of the day today but our pattern is getting a little more active. I think we’re seeing a mix of clouds and sunshine as we approach sunset. I won’t rule out a few scattered showers trying to come in to northwestern areas of Ohio and central areas as well. Audio Playerhttps://www.ocj.com/wp-content/uploads/2018/12/Web-Weather.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.last_img

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Last seat

first_imgTyphoon Kammuri accelerates, gains strength en route to PH The Tamaraws outplayed and outhustled the Eagles for long stretches last Sunday with former Ateneo players Arvin Tolentino and Hubert Cani doing some of the damage on both ends of the floor. FEU also got solid games from graduating player Ron Dennison and Richard Escoto.FEU coach Olsen Racela said it would take more than their performance last Sunday to overcome the Eagles in the decider.“It was our best game so far and we’re hoping that it happens in Game 2,” said Racela, a rookie coach in the UAAP.“Actually, I told the players that we’re peaking at the right time so we’re looking forward to the game on Wednesday.”The Tamaraws entered the Final Four with an even 7-7 record, but looked sharper on both ends of the floor against the Eagles, whose only other loss came against fierce rival La Salle.ADVERTISEMENT CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA “The tough games we went through in the elimination round helped us (against Ateneo),” said Racela.“But then again, it will be about defending Ateneo’s disciplined offense. We did that last Sunday, but it’s not going to be enough on Wednesday so we have to find more ways to beat them.” Kammuri turning to super typhoon less likely but possible — Pagasa New Pinoy boxing star Ancajas burns bright QC cops nab robbery gang leader, cohort Brace for potentially devastating typhoon approaching PH – NDRRMC Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles01:00Chief Justice Peralta on upcoming UAAP game: UP has no match against UST01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games The Tamaraws forced a do-or-die encounter with an 80-67 dumping of the Eagles last Sunday in their initial Final Four meeting. But Ateneo coach Tab Baldwin remains confident enough that the Eagles can turn the tables on the Tamaraws in their rubber match.The Eagles won all but one of their 14 games in the elimination round, including two victories over the Tamaraws, an accomplishment that should give Ateneo a morale boost heading into their most important game of the season yet.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“We have a successful season to fall back on in terms of looking for confidence,” said Baldwin.“So really, it’s about the coaching staff giving these players a message, something specific that they can look at and say, ‘Yes, we can do that.’ And go about doing it.” Kris Aquino ‘pretty chill about becoming irrelevant’ MOST READ Japan ex-PM Nakasone who boosted ties with US dies at 101 LATEST STORIES Far Eastern U seeks to complete a stunning reversal, while Ateneo hopes its impressive season won’t go for naught.The stage is set for a dogfight between the Blue Eagles and Tamaraws on Wednesday as they dispute the right to face defending champion La Salle in the best-of-three finals of UAAP Season 80 basketball tournament.ADVERTISEMENT Read Next Don’t miss out on the latest news and information. Stronger peso trims PH debt value to P7.9 trillion View commentslast_img read more

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Losing 4 wickets in powerplay didnt help Karthik

first_imgChennai, April 10 (IANS) It was billed as the clash of the titans, but Kolkata Knight Riders failed to even get off the mark against Chennai Super Kings at the M.A. Chidambaram Stadium in their Indian Premier League encounter. While Deepak Chahar started the show with the new ball, Harbhajan Singh and Imran Tahir sealed the deal in the middle overs. Speaking at the end of the game, KKR skipper Dinesh Karthik admitted that the team had not put on enough runs on the board. He said that losing four wickets in the powerplay put the KKR outfit on the back foot. Also Read – Puducherry on top after 8-wkt win over Chandigarh “Definitely not enough runs on the board. These are tricky games and you don’t know how many runs to set with the dew and everything, but when the game finishes you feel you should gave got 20 more runs, so it’s always a Catch-22 situation. “When you lose four wickets in the powerplay, you are always behind the eight-ball. Then you have to consolidate and probably hope to go well towards the end, but we couldn’t do that,” he admitted. Karthik though made a special mention of how Andre Russell once again looked to stand tall and get counted, even though he didn’t have too many batsmen for support. “But credit to Russell, he showed a lot of maturity and I am pleased with the way he’s shaping up,” he said. Also Read – Vijender’s next fight on Nov 22, opponent to be announced later The captain also praised the overall attitude of the group and how they look to give it their all on the field. “I was happy with the general attitude, I like the way we tried defending a small total, especially the spinners with the wet ball. “I don’t think it was a lack of concentration from our side with the bat. We have been on the road for three games, and have won two in five days and we shouldn’t be too greedy. We’ve tried hard and as a captain I am okay with not coming up on top everyday,” he said. The KKR skipper now wants the boys to come back strongly. “When we return, we need to regroup. Two good teams playing and it should be a good match against Delhi next. (Message to the team) Enjoy, forget today, next game is a new game, a new day,” he said.last_img read more

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