Fannie Mae Reduces Risk Pool

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago CIRT Fannie Mae GSE 2017-06-26 Staff Writer Related Articles Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Fannie Mae Reduces Risk Pool June 26, 2017 8,603 Views The Best Markets For Residential Property Investors 2 days ago Fannie Mae is making moves again—this time it has completed its second set of traditional Credit Insurance Risk Transfer, (CIRT), to the tune of $19.8 billion in loan coverage. As of Monday when the deal was announced, Fannie Mae has acquired almost $4.3 billion of coverage on around $170 billion in loans through the program. The two transactions, 2017-3 and 2017-4, cover a total of $17.7 billion and 2.2 billion in initial principle balance, respectively, and took effect May 1, 2017. They both have a 10 year term with an annual premium of 14.04 base points. Loans in both pools were acquired between January 2016 and January 2017, are fixed-rate, and have a loan-to-value ratio greater than 80 percent but less than 98 percent. Loans were transferred to 17 different insurers and reinsurers, and Fannie Mae reserves the right to cancel any time after the five-year mark with a cancelation fee. Fannie Mae retains the rest for the first 50 basis points on 2017-3. If this amount—$88.4 million—is lost, reinsurers will cover the next 275 basis points up to around $486.2 million. For 2017-4, Fannie Mae also covers the first 50 basis points for a total potential loss of $10.9 million, after which time an insurer will cover the remaining 275 basis points for a coverage of $60.1 millionFannie Mae’s goal with their credit risk management approach is to “act as an intermediary between lenders and investors . . . to develop broad and liquid markets for credit risk that reduce taxpayer risk, minimize the impact to borrowers and lenders, offer an attractive investment option for investors in mortgage credit, and help build a stronger housing finance system.” You can find all the details of this CIRT deal, as well as past CIRT transactions on Fannie Mae’s website. in Commentary, Daily Dose, Featured, Government, News, Secondary Market Home / Commentary / Fannie Mae Reduces Risk Pool The Best Markets For Residential Property Investors 2 days ago Previous: Why Are Lenders Loosening Credit Standards? Next: 5 Cities with Great Rental Investment Opportunities  Print This Post About Author: Staff Writer Share Save Demand Propels Home Prices Upward 2 days ago Tagged with: CIRT Fannie Mae GSE Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Subscribelast_img read more

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Social media users laud Batik Air for evacuating Indonesians from virus-hit Wuhan

first_imgTwitter user @alichaniag0 tweeted, “Just be safe and strong, pilot and crew of Batik Air. Thanks for bring [sic] our friends back from Wuhan – not all heroes have superpowers.”Just be safe and strong pilot and crew batik air , thanks for bring back our friend in Wuhan, not all heroes have superpowers,— . (@alichaniag0) February 1, 2020 Following the successful repatriation of over 200 Indonesian nationals from coronavirus-hit Wuhan, Hubei province, and other regions in China via a Batik Air flight that used the Airbus A-330, social media users have taken to Twitter to convey their appreciation for the Lion Air subsidiary.“Thanks to patriotic Indonesian diplomats, Batik Air cabin crew, and the Indonesian evacuation team who braved risks of coronavirus and volunteered for mercy flight to bring back Indonesian students from Wuhan, China. We’re proud of you!” Twitter user @GandhiPP wrote in a tweet on Sunday.Thanks to patriotic indonesian diplomats , batik air cabin crew ,Indonesia evacuation team who braved risk of Coronavirus & volunteered for mercy flight to bring back Indonesianstudents from Wuhan, China, We proud of you! #indonesiahebat @DjoOratmangun @KBRI_Beijing pic.twitter.com/3U9eZxiJe4— Gandhi Priambodho (@GandhiPP) February 1, 2020 “The [crew members] are fantastic, they are wholehearted people. They [underwent] the mission to evacuate Indonesians in Wuhan even though they had to risk their own lives. Can we give them [more respect]? Batik Air is amazing,” @jessicoconut_ tweeted.The aircrews are fantastic, they are “wholehearted” people. They have this mission to evacuate the Indonesians in Wuhan eventhough they are risking their own life.Can we give them 💯💯 respects or even more?Batik air is amazing 🙂 https://t.co/DUO0zWY2fB— 🥥🌿 (@jessicoconut_) February 1, 2020Indonesians evacuated from Wuhan and other cities in China arrived at Hang Nadim International Airport in Batam, Riau Islands, on Sunday morning and were immediately directed to passenger planes operated by the Indonesian Air Force to be airlifted to Natuna Island for quarantine.The passengers underwent medical check-ups inside the Batik Air aircraft before boarding the planes that transported them to Natuna Island.Batik Air spokesperson Danang Mandala Prihantoro said in a written statement that the airline had prioritized the security and safety of its passengers during the humanitarian mission, in accordance with its standard operating procedures. The flight carried 19 crew members and 270 Indonesian passengers, he said.The safety measures taken by the airline during the mission included providing the passengers with multi-use disinfectant sprays, masks, gloves and other means of protection to prevent the coronavirus from spreading on board, Danang said.He went on to say that the airline extended its gratitude to the crew members of the flight, as well as to other parties that had helped to ensure that the evacuation went according to plan. The crew members would subsequently undergo a medical protocol, including quarantine, to ensure that they were virus-free, Danang added.Previously, the Health Ministry’s head of the emerging infectious diseases subdirectorate, Endang Budi Hastuti, said that the evacuees must be quarantined for at least 14 days, which would allow authorities to observe them throughout the virus’ estimated incubation period. (rfa)Topics :last_img read more

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