Sign up for DS News Daily Tagged with: CIRT Credit Insurance Risk Transfer Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Fannie Mae Gets Green Light on Third Front-End CIRT Related Articles The Best Markets For Residential Property Investors 2 days ago Previous: Military Family will Receive Free Home From Meritage Homes Next: Nation Takes Aim at Veteran Homelessness Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Fannie Mae Gets Green Light on Third Front-End CIRT in Daily Dose, Featured, Headlines, News, Secondary Market Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago CIRT Credit Insurance Risk Transfer 2017-05-26 Brianna Gilpin About Author: Brianna Gilpin Fannie Mae announced that it secured commitments for a front-end Credit Insurance Risk Transfer (CIRT) transaction. The risk transfer will have been committed prior to Fannie Mae’s acquisition of the covered loans, so the insurance coverage will be effective as soon as loans are acquired. This process is known as a “flow” basis. This will begin in the 2017 second-quarter deliveries and is expected to be filled over the course of nine months.Fannie Mae’s transaction will shift a portion of the credit risk on pools of single-family loans with a combined unpaid principal balance of about $5.2 billion to a group of reinsurers that are affiliates of mortgage insurers approved to write primary coverage on loans sold to Fannie Mae. The covered loan pool will consist of 30-year fixed-rate loans with loan-to-value (LTV) ratios greater than 80 percent and less than or equal to 97 percent. Primary mortgage insurance coverage will be applied to all loans covered by this new transaction and any credit losses not covered by the underlying primary mortgage insurance will be protected by CIRT.”Our three front-end CIRT transactions complement the coverage we acquire on a ‘bulk’ basis through Connecticut Avenue Securities (CAS) and our traditional CIRT, with coverage written by both diversified traditional reinsurers as well as mono-line affiliates of our approved mortgage insurers,” said Rob Schaefer, VP for Fannie Mae’s Credit Enhancement Strategy & Management. “Our CIRT and CAS transactions cover loans with LTV ratios both above and below 80 percent. We are pleased with the robust interest this program is attracting. We remain committed to the transparency of these transactions, which support our goal to transfer credit risk away from taxpayers while providing us certainty of coverage.”The risk on the first 50 basis points of loss on an approximately $5.2 billion pool of loans will be retained by Fannie Mae. The participating mortgage insurance companies will cover the next 265 basis points of loss on the pool, up to a maximum coverage of approximately $138 million if this approximately $26 million retention layer is exhausted.Pricing for the new and past CIRT transactions can be found here Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe May 26, 2017 1,384 Views Print This Post The Best Markets For Residential Property Investors 2 days ago
Summertime drought hurt Georgia’s pecan crop, and now harvest is behind schedule. But there is one big bright spot: Pecan prices are currently the highest they have ever been, according to a University of Georgia pecan specialist. “I’m hesitant to use the word ‘outlandish’ to describe the prices, but they are certainly the highest in history,” said Lenny Wells, a pecan horticulturist with UGA Cooperative Extension. Prices for most varieties are $1 to $1.50 per pound higher than they normal for a crop like this year’s. The Stuart variety accounts for roughly half of Georgia’s crop. Stuarts sell now for $2.30 per pound. Such a nut would typically sell for only $1 to $1.25 per pound, Wells said.Good off yearPecan trees are alternate bearing, meaning they produce a heavy crop only every other year. This year is an “off” year. It was on its way to being a very good off year, though, he said. In the summer, the crop was expected to reach 80 million pounds, twice the production of the state’s worst off year.“We were thinking a few months ago it would be the best off year in years,” Wells said. “But the drought in August and September, a critical time for water need, reduced the crop significantly leaving us with fewer nuts and lower quality.”In many locations, the Stuart variety is refusing to release from the shuck in trees, something likely caused by the dry conditions, he said, but the reason is still a bit of a mystery. A cold winter matched with a cool spring has pushed overall harvest behind by at least three weeks.Market demandDemand for pecans has increased in recent years, driven by China’s newfound taste for the nut. China purchased 88 million pounds of pecans last year, equal to all of Georgia’s production last year. With 140,000 acres, Georgia is the No. 1 pecan producing state in the country. The U.S. produced 290 million pounds last year.“China is expected to purchase this year at least as much as they purchased last year,” Wells said. “Considering this and the reduction in the crop, I don’t expect prices to decrease much as harvest continues.”Georgia’s pecan harvest typically ends near Christmas.With farm-level prices high, U.S. consumers can expect, eventually, to pay more for pecans, said Wojciech Florkowski, an economist with the UGA College of Agricultural and Environmental Sciences, but not too much more than they have historically because the American consumer has many tree nuts to choose from and all are in plentiful supply.“This keeps a lid on how high pecan prices can go,” Florkowski said. “So, the retail prices may go up a bit, but retailers tend to price substitutes at similar price levels, so pecans cannot be much more expensive than almonds, walnuts or imported cashews.”
Ighalo has been asked whether he would consider changing his current number 25 shirt for a more traditional striking number. But he replied in a Q&A: “No I don’t think so. The No.25 has been giving me luck so far so why would I want to change it?Advertisement Loading… “I picked it because when I joined the team that was the jersey that was available, I think that it was No.25 and No.19 – so I picked 25 because when I was in the Premier League before I wore 24 at Watford … so 24 plus one is 25 so I just picked 25. read also:Ighalo must accept enormous pay-cut for Man Utd permanent move “Legends like Antonio Valencia wore that shirt so it’s a privilege. Nigerian Kanu wore the No.25 when he was at Arsenal, so it’s a great number. I just picked it and said, ‘Okay, yeah, lucky number for me.’” FacebookTwitterWhatsAppEmail分享 Promoted Content14 Hilarious Comics Made By Women You Need To Follow Right NowThe Best Cars Of All Time7 Universities Where Getting An Education Costs A Hefty PennyThe Top 9 Oddest Underwater Discoveries No One Can ExplainA Guy Turns Gray Walls And Simple Bricks Into Works Of Art8 Ridiculously Expensive Things Bought By Keanu Reeves7 Non-Obvious Things That Damage Your Phone6 Incredibly Strange Facts About Hurricanes10 Phones That Can Work For Weeks Without RechargingThe Highest Paid Football Players In The World7 Universities In The World With The Highest Market Value11 Most Immersive Game To Play On Your Table Top United striker, Odion Ighalo, has said he’s happy with the No25 shirt.
“Is this a talent gap? Is it a preparation gap? Is it a coaching gap? What is the biggest difference between you and Ohio State at this point?”MORE: OSU crushes Michigan again to show Big Ten talent gapOhio State (12-0, 9-0 Big Ten) is off to another conference championship game in Indianapolis. No. 13 Michigan (9-3, 6-3) is headed to a second-tier bowl game. Harbaugh fired back with the viral response that will be branded on the program for the next 364 days.”I’ll answer your questions,” he said. “Not your insults.”Those four questions are the all-encompassing questions that have dogged the Michigan program in the 21st century in a rivalry that is in danger of being on life-support. The Buckeyes are 17-3 in the last 20 meetings and now have an immutable eight-game win streak that called attention to that gap one more time. Ohio State rolled up 577 yards — Justin Fields threw for 302 yards and four touchdowns, and J.K. Dobbins added 211 more yards and four scores.Fields then lobbed the insult from the other news conference room.”It just means more at Ohio State,” Fields said. “That’s pretty much the big reason.”There is a big difference between the two Big Ten rivals. That much is clear. Michigan needs to address the other three questions in reverse order.Is it a coaching gap? Harbaugh is now 0-5 against the Buckeyes, a scarlet-and-gray-letter that follows what to this point has been a solid five-year stint. If Michigan wins its bowl game, then that will be four 10-win seasons in five years.Yet, Michigan’s coaching decisions have been motivated by failures against the Buckeyes. Don Brown was brought in to fix the defense. It worked for a year in 2016, but the Wolverines have allowed 118 points and 1,144 yards in the last two meetings. Josh Gattis was brought on to fix the offense. Shea Patterson was 14 of 19 for 250 yards in the first half. He completed 4 of 24 passes after halftime. Ohio State’s coaches made better half-time adjustments.Is it a preparation gap? Michigan trailed 28-16 after two quarters, but it was a pile of self-inflicted mistakes that created that difference. Patterson lost a fumble in the red zone. Khaleke Hudson jumped offsides on a punt on fourth-and-4, which the Buckeyes turned into a touchdown in two plays. Donovan Peoples-Jones dropped a pass in the end zone. That three-score swing in points made a difference.The Wolverines trimmed the lead to 42-27 in the second half and had the ball, but Hassan Haskins was stuffed out of a Wildcat play on fourth-and-1. Ohio State, however, simply rolled through Michigan’s defense for the second straight season, which means Brown will feel the brunt of that criticism after getting torched for the second straight season. Ohio State coach Ryan Day, the offensive coordinator under Urban Meyer the last two seasons, had the better game plan.”Their defensive staff does an excellent job, but you have to be aggressive against them,” Day said. “You have to set the tone. Once it’s the other way around, you are battling uphill.”Is this a talent gap? This is the easiest answer. Ohio State has a pick-your-Heisman-candidate trio out of Fields, Dobbins and defensive end Chase Young, who could be the No. 1 pick in the 2020 NFL Draft. Meyer’s recruiting class have given the Buckeyes NFL difference-makers at every position group that have the program impervious to the upsets that dogged the John Cooper teams of the 1990s. The millennial generation has no concept of that now, because it’s been two decades and the dominance has taken away from the lore of the rivalry.MORE: Harbaugh in bad mood after latest loss to OSUThere were whispers of 1969 — the legendary 24-12 Michigan upset that launched the Ten Year War between Woody Hayes and Bo Schembechler — leading up to this game. Instead, it was 1968 all over again, when the Buckeyes won 50-14. Or even 2018, when Ohio State won 62-39. Michigan, in five years of Harbaugh, has not fired a shot to resuscitate the rivalry.There is a gap, and the question now becomes whether Harbaugh will be around for the next five years to fix it. No, Harbaugh will not be fired. Would he consider a parachute to the NFL at some point, knowing how much ground is left to cover? That remains an open-ended question.Michigan is 47-17 since his arrival, and this was Patterson’s first home loss as a starter the last two seasons. Only Clemson (67-4), Alabama (65-5), Ohio State (60-6), Oklahoma (56-9), Georgia (53-14), Wisconsin (51-14) and LSU (47-14) have better records among Power 5 schools. The Wolverines are tied with Penn State (47-17), and those two programs have taken turns chasing Ohio State the last three years.Harbaugh, however, was brought to Michigan to close that gap and push the program into the elite class of college football. That hasn’t been done with a five-, 10- or even 20-year plan since Jim Tressel took over at Ohio State.Harbaugh addressed the follow ups in the simplest of terms about those gaps. ANN ARBOR, Mich. — A reporter asked a four-part question to Michigan coach Jim Harbaugh in the aftermath of a 56-27 loss to No. 1 Ohio State at Michigan Stadium on Saturday.It was teed up as follows: “They played really good,” Harbaugh said. “They played better today.”Anybody with two eyes can see that. There’s a big difference at Ohio State, and it is a combination of talent, coaching and preparation. Insults hurt the most when they are laced with the truth.The Wolverines, once again, left those questions unanswered.
SCOTTSDALE, Ariz.–Fifteen years ago, Andrew Suárez’s Broward Bulldogs took on Manny Machado’s Hialeah Chiefs in travel ball.On Saturday, Suárez’s San Francisco Giants hosted Machado’s San Diego Padres at Scottsdale Stadium.It’s been more than a decade since Suárez and Machado regularly faced each other, but that will soon change. After Machado signed a 10-year, $300 million contract with the Padres this offseason, the Giants expect to see him 19 times each season.“The Padres are good now,” …
4 Keys to a Kid-Safe App The game starts at the beginning of Episode IV: A New Hope with the familiar Red Bird as Luke Skywalker. Red Bird cannot do much at first, he is just the same bludgeoning bird that every Angry Birds game starts with, except for a tuft of wispy blonde hair that would make Mark Hamill proud. We are soon introduced to Black Bird, the bomber of old, who has traded in explosions for the Force in his role as Obi-Wan. After several levels fighting bad piggy Tuskan Raiders, Red Bird learns to use a Lightsaber. Yup, you can now use a Lightsaber and the Force in Angry Birds.It gets better. Yellow Bird is introduced soon enough … as Han Solo, complete with blaster. Then comes the kicker. After achieving a certain number of stars, you unlock the Millenium Falcon. That’s right. The Millenium freaking Falcon. The Falcon is an not your ordinary bird though. It is an egg, and you only get five of them to start. When you unleash the egg, you target a certain spot and tap the screen. The Falcon then appears, blasting everything and anything in its path. It’s an awesome trump card to bulldoze your way through even the most difficult levels. Rovio has made a few interesting choices with the game play of Angry Birds Star Wars. Most of the previous versions of Angry Birds started slow with easy beginning levels so you can get a handle of flinging your avian heroes at the suidaeus evilus. This time around, Rovio figures, if you are plunking down $2.99 to buy yet another Angry Birds game, you are probably already familiar with how to play it. You battle from the desert planet of Tatooine with the usual mazes of bricks, ice and metal as your obstacles. But a Stars Wars themed game would not be complete without a venture into space. At later levels, the game transitions to the gravitational physics that Rovio introduced in Angry Birds Space. Between the new capabilities of your birds and the increased difficulty and varying environments, Angry Birds Star Wars provides enough new material that even experts are going to have to remaster their fowl-flinging skills.And that is Rovio’s particular genius. In a world where apps are popular for a month then fade to oblivion (does anyone still play Draw Something?), it has managed to create a franchise where each successive iteration is as new and challenging as the previous one. Instead of just slapping a new skin on an old game, Angry Birds Star Wars introduces new game play in fun and challenging environments.The best part? All that is served up with all the geeky goodness that is Star Wars. What’s not to like? Tags:#Mobile Games Related Posts 5 Outdoor Activities for Beating Office Burnout dan rowinski 9 Books That Make Perfect Gifts for Industry Ex… When a game gains like Angry Birds becomes an international phenomenon, it can be hard to keep the core product from going stale. Sequels tend to be pale imitations of the original and if the game maker is not careful fans may gradually lose interest. Rovio, has been able to conquer this problem and remain at the top of the charts with each successive release of Angry Birds (except for, maybe, Amazing Alex). The newest Angry Birds Star Wars is another feather in Rovio’s cap.The result of Rovio’s partnership with LucasArts is a winner, a combination of the familiar catapulted birds mixed with the lore of a galaxy far, far away. If you like Angry Birds and you like Star Wars, you are going to love Angry Birds Star Wars. 12 Unique Gifts for the Hard-to-Shop-for People…
LATEST STORIES John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding The Blue Eagles rallied past University of the Philippines, 96-82, on the day when the Bulldogs saved their season with a stunning come-from-behind 87-84 victory over Far Eastern U.JJay Alejandro accounted for half of the points in a 22-2 run that erased a 15-point deficit for the Bulldogs, who survived the Tamaraws’ torrid outside shooting for only their fifth win of the season.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“This is the dream,” said an emotional NU coach Jamike Jarin. “This is what I was expecting from our players. I hope it’s not too late, I hope it’s not too late. We never bowed down. I’m happy right now because I saw the maturity from the players.”The loss was a huge blow for the Tamaraws, who nailed a league record 18 three-point shots. Hitting eight of their first 16 shots from beyond the arc, the Maroons seemed poised for an upset and even led by 12 in the third period, before the Eagles clawed their way back into the contest.With the Tamaraws falling to the Bulldogs in the first game, the last Final Four berth remained up for grabs with FEU, NU and UP all in contention as they play their last elimination round games on Saturday.Unable to sustain their hot start, the Tamaraws dropped to 6-7, while NU improved to 5-8 to tie UP. Read Next Brace for potentially devastating typhoon approaching PH – NDRRMC QC cops nab robbery gang leader, cohort Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters 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 Japan ex-PM Nakasone who boosted ties with US dies at 101 CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA Kammuri turning to super typhoon less likely but possible — Pagasa MOST READ Typhoon Kammuri accelerates, gains strength en route to PH Don’t miss out on the latest news and information. Stronger peso trims PH debt value to P7.9 trillion Later in the day, Matt Nieto fired 19 points, while Isaac Go hit 13 points, including a pair of triples in the final period, as the Eagles completed a 26-point turnaround in the second half for their 13th straight victory.The Eagles’ focus now shifts to their highly anticipated duel with La Salle, which is hoping to deny Ateneo an automatic finals spot when they collide in the final playdate of the elimination round on Sunday.“It was like a playoff, a Final Four game already, so I think we will expect that also [going] into our next game,” said Ateneo assistant coach Sandy Arespacochaga.“There was certainly a lot of fight in UP in this game, they showed their heart, they came up with a lot of intensity from the very start. But toward the end of the third and the fourth quarter, our players showed a lot of character.”Playing with urgency after their Final Four hopes got a boost with FEU’s loss, the Maroons had the Eagles on the ropes for three quarters with their hot shooting, before Nieto and Go found their groove, combining for 14 points in the final frame.ADVERTISEMENT Batang Pinoy faces possible cancellation Using another late uprising, Ateneo stayed in the hunt for an elimination round season sweep and an outright finals berth on Wednesday, while National U grabbed a lifeline in its playoff push in UAAP Season 80 at Smart Araneta Coliseum.ADVERTISEMENT View comments
MOST READ The 13-year-old Amogius finished with a time of one minute, 10.53 seconds in the 100m backstroke, around two seconds faster than Western Australia’s Taila Jane Wilkinson (1:12.19) who won the silver.Amogius then clocked in at 2:33.63 in the 200m IM, around three seconds faster than what Wilkinson tallied in the tiff that was held at Parap Swimming Pool.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsCabalo, meanwhile, cruised in the 400m run finishing the course at 50.73 seconds, two seconds ahead of Northern Territory’s Blair Andrews (52.08) who won the silver and bronze medalist Joseph Salmon (52.34).National University’s stalwart then teamed up with Joviane Calixto, Jason Buenacosa, and Romel Bautista to conquer the 4x100m relay with a time of 43.49 seconds blazing past Northern Territory and Malaysia. Philippine Arena Interchange inaugurated Sports Related Videospowered by AdSparcRead Next Panelo: Duterte ‘angry’ with SEA Games hosting hassles Duterte wants probe of SEA Games mess DA eyes importing ‘galunggong’ anew SEA Games hosting troubles anger Duterte Hontiveros presses for security audit of national power grid “I’m really happy and I broke all my times. I’m very, very happy and honored to swim for the Philippines because it’s my country and I’m proud to be a Filipino,” said Amogius.“This is my dream to take a gold medal here in Australia because the competition here is something else,” said Cabalo.Other Filipino athletes who also won gold medals in Day 1 were Ivo Nikolai Enot (13-14 men’s 100m backstroke) in swimming, and Abigail Manzano (women’s 3,000m steeplechase), Nicko Caparoso (men’s 3,000m steeplechase), Bruce Fernia (men’s javelin throw), Jessel Lumapas (women’s 400m run), and Mark Anthony Casena (men’s triple jump) in athletics.ADVERTISEMENT Top seed Ateneo braces for FEU as ‘real fight’ begins in Final 4 Private companies step in to help SEA Games hosting Cayetano: Senate, Drilon to be blamed for SEA Games mess PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Don’t miss out on the latest news and information. View comments Photo from Team Phil – Arafura Games 2019 FacebookMANILA, Philippines—Lora Micah Amogius and John Lloyd spearheaded a massive gold medal haul for the Philippines after the pair became double gold winners in the Arafura Games late Saturday night in Darwin, Australia.Amogius captured the gold medals in the 13-14 100-meter backstroke and 200m individual medley in swimming while Cabalo ruled the men’s 400m run and the men’s 4x100m relay in athletics to lead the Philippines’ haul of 10 gold medals in Day 1.ADVERTISEMENT LATEST STORIES