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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St. Vincent Performed Her First Show Of 2016 Dressed As A Toilet

first_imgWatch St. Vincent perform “Bring Me Your Loves” dressed as a toilet below, courtesy of YouTube user Tyler McCall. St. Vincent is our hero. The indie art-rocker always impresses audiences with her excellent guitar playing, synchronized dance moves, and her interesting stage outfits. As reported by Consequence of Sound, the unique artist performed at New York club (Le) Poisson Rouge last night, and the artist also known as Annie Clark took the stage in a toilet costume. Yes, that’s right, a toilet costume.Clark rocked the stage with her band last night as part of a benefit concert, which raised money to help her drummer Matt Johnson‘s son Jasper after he suffered a seizure earlier this year. Other performers at the benefit included Father John Misty and Rufus Wainright. Clark played “Bring Me Your Loves” and “Marry Me”, and played a brand new track that she dedicated to her girlfriend Cara Delevingne.Watch St. Vincent’s new song below.last_img read more

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Ferdinand seals QPR move

first_img “I spoke to Harry and (owner Tony) Mr Fernandes at length,” he told qpr.co.uk. “I think they both looked me in the eye and knew that I still have something to offer – that I had a genuine desire to come here and play football.” Following punditry work with BBC Sport at the World Cup, Ferdinand’s anticipated move to Loftus Road was completed on Thursday evening after he passed a medical. Ferdinand, whose younger brother Anton and cousin Les also had spells at QPR, had been linked with a move to west London some weeks ago before a hold-up believed to be caused by a wrangling over wages. But now that has been ironed out Ferdinand is looking forward to playing for a team he used to watch growing up. “There are great memories for me here – for my family,” he said. “Anton had nothing but good things to say about QPR and I watched Les here as a boy, with the likes of Ray Wilkins, Clive Wilson, David Bardsley and Alan McDonald. “I had a lot of offers from all over the world – some in places with a better climate than here. But the draw for me was to play in the Premier League and back here where it all started. The 35-year-old left Old Trafford at the end of his contract this summer following a trophy-laden 12 years with the Red Devils and will now remain in the Barclays Premier League as he looks to help keep the Hoops in the top flight. Ferdinand will also be reunited with Harry Redknapp at Loftus Road after the current QPR boss handed him his professional debut for West Ham as a 17-year-old in 1996, and the veteran defender is eager to prove he still has something to offer. Former Manchester United and England captain Rio Ferdinand has signed for QPR on a one-year deal. Press Association “It’s not about money – I had loads of more lucrative offers available to me. I still feel I’ve got something to offer and I’m excited about helping this club cement its place in the Premier League.” After establishing himself as a firm favourite at Upton Park, Ferdinand moved to Leeds in 2000 for a then-British transfer record of £18million. He was an integral part of David O’Leary’s young side that reached the Champions League semi-finals in 2001 and was installed as captain at Elland Road the following season. During his time in West Yorkshire, Ferdinand became an England regular and attracted the attention of Manchester United following an impressive showing at the 2002 World Cup in Japan and South Korea. Another big fee, reported to be almost £30million, saw Ferdinand move across the Pennines where he would go on to make over 450 appearances and win six Premier League titles, the Champions League, two League Cups and the FIFA Club World Cup. Ferdinand spent eight months on the sidelines in 2004 for missing a drugs test, sitting out the 3-0 FA Cup final success over Millwall and the entire Euro 2004 tournament. Having been named England captain in early 2010, Ferdinand missed out on leading Fabio Capello’s side in the 2010 World Cup due to a knee injury sustained in the build-up to the tournament. He announced his international retirement in May 2013 and went on to play one more season at United, making 23 appearances in a disappointing campaign for the Red Devils. Interim manager Ryan Giggs selected Ferdinand for the final-day draw at Southampton, with the defender announcing soon afterwards that he would be looking for a new club. Linking up with Redknapp always appeared to be a strong possibility and the R’s boss is delighted to be able to work with Ferdinand again. “Rio’s a fantastic player and a great professional, I’m delighted we’ve been able to bring him here,” he said. “I signed Rio as a 14-year-old. He was class on the field and off the field then, and he’s continued in that manner throughout his career. During his time at Manchester United, he was the best defender in Europe, if not the world. “To bring him to QPR, when he’s still got so much to offer in terms of his quality, class, experience and know-how, is a remarkable coup for the club.” last_img read more

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