How Fannie and Freddie Work to Prevent Foreclosures

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago February 5, 2020 1,172 Views Previous: African-American, Minority Homeownership Increases Next: Where Underwater Homes are Concentrated Share Save How Fannie and Freddie Work to Prevent Foreclosures Fannie Mae FHFA Foreclosure Freddie Mac Prevention 2020-02-05 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Fannie Mae FHFA Foreclosure Freddie Mac Prevention The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Fannie Mae and Freddie Mac completed 9,082 foreclosure prevention actions in October 2019, bringing the total to 4,390,118 since the start of the conservatorships in September 2008 according to the Federal Housing Finance Agency (FHFA).Most of the actions taken by Fannie Mae and Freddie Mac have been permanent loan modifications. Another 26% of actions taken have been modifications with principal forbearance. Modifications with extend-term only accounted for 67% of all loan modifications during the month.The FHFA also measured the GSE’s mortgage performance, finding that the serious delinquency rate remained unchanged at 0.65% between October and September. Third-party and foreclosure sales increased 5 percent from 3,021 in September to 3,174 in October while foreclosure starts decreased from 10,975  to 9,678 month-over-month.Additionally, total refinance volume increased in October 2019 as mortgage rates fell inprevious months to lows last observed in 2015. Mortgage rates increased in October: the average interest rate on a 30-year fixed rate mortgage rose to 3.69 percent from 3.61 percent in September.The percentage of cashout refinances decreased to 38% mortgage rates fell in previous months, and the FHFA notes that this is creating “more opportunities for noncashout borrowers to refinance at lower rates and lower their monthly payments.”According to Black Knight, there are now 2.05M loans in some stage of delinquency, including active foreclosures down 236K from the same time last year and the lowest year-end volume since the turn of the century. The strongest declines were primarily in the east and southern portions of the country and in areas heavily impacted by the 2017 and 2018 hurricane seasons.Nationally, foreclosure rates fell 1.57%, and delinquencies declined by over 12%. Sign up for DS News Daily Related Articles Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. The Best Markets For Residential Property Investors 2 days ago About Author: Seth Welborn Home / Daily Dose / How Fannie and Freddie Work to Prevent Foreclosures in Daily Dose, Featured, Government, News  Print This Post Subscribelast_img read more

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Do you hear what I hear? Woodberry Poetry Room to preserve rare recordings

first_imgThe Woodberry Poetry Room’s rich collection contains rare and one-of-a-kind recordings of some of the 20th century’s most important poets. But because many of these rare recordings exist on fragile cassettes or on transcription discs made of lacquered metal or glass prone to separation and decay, these voices have essentially been silenced – until now.Thanks to an additional $1.1 million the Harvard College Library (HCL) has injected into collection development, ongoing efforts to preserve some of the Woodberry Poetry Room’s most fragile and important recordings are about to get a boost. The funds will also enhance a number of other projects and acquisitions across the Faculty of Arts and Sciences’ disciplines.“Continuing scrutiny of our budget allowed us to repurpose some restricted funds in support of the collections,” said Dan Hazen, associate librarian of Harvard College for collection development. “We then invited all HCL units and selectors to submit projects and purchases for review. The proposals were made available for community comment, with funding recommendations determined through a competitive evaluation process. The Woodberry Poetry Room’s successful proposal will ensure that even more of its unique and fragile recordings are widely available to scholars and enthusiasts around the world.”last_img read more

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Boys’ soccer: Ellsworth beats MDI 3-2

first_img Real Estate Transfers Week of Sept. 17 – September 18, 2020 ELLSWORTH — After dropping two straight games, the Ellsworth boys’ soccer team finished the regular season strong with a 3-2 home win over Mount Desert Island on Tuesday.The Ellsworth Eagles improved their record to 11-2-1, sustaining their No. 1 rank in the Maine Principal Association’s Class B standings and giving them a bye in the preliminary playoff round.PHOTO BY MICHELLE MAHONMDI’s Zachary Charette scored the only goal in the first half before Ellsworth scored three straight goals in the second.With 31:02 left in the second half, Dagan Berenyi scored on a penalty kick. One minute later, Trent Goodman scored on a rebound, assisted by Kyle Golding.This is placeholder textThis is placeholder textWith 8:02 left, Golding netted a 35-yard direct kick under the cross bar and over the keeper’s head.Griffin Maristany scored for the MDI Trojans with 2:15 left in the game.Ellsworth keeper Bruce St. Peter made four saves on seven shots for the Eagles. MDI’s Kendrew VanGorder had eight saves on 15 shots for the 8-5-1 Trojans.Bucksport 2, Mattanawcook 0Bucksport’s Dustin Colson broke a scoreless tie with an unassisted goal at 21:38 of the first half, sparking the Golden Bucks to victory over Mattanawcook (4-8-2) on Tuesday.Colson set up a second-half goal by Austin Mason for 2-11-1 Bucksport. Cody Larsen made three saves on five shots for the Bucks.Nate Merrill came up with 22 saves on 28 shots for Mattanawcook.GSA 2, Sumner 0George Stevens Academy (9-4-1) beat Sumner (4-9-1) on Monday.Presque Isle 3, Ellsworth 1Presque Isle (7-4-3) scored three unanswered goals to knock off Ellsworth on Saturday.Colby Clarke put Ellsworth on the scoreboard 2:10 into the game when he converted an assist from Dagan Berenyi.Presque Isle answered when Riley Mortland scored unassisted with 4:40 left in the first half and Jonah Hudson followed with another unassisted goal 45 seconds later to enter halftime with a 2-1 lead.Griffin Guerrette scored unassisted with 29 seconds left in the game to seal the win for Presque Isle.Jason Dumais made eight saves on 11 shots for Presque Isle while Bruce St. Peter finished with nine saves on 14 shots for the Eagles.MDI 4, Hermon 0MDI notched a shutout against Hermon (3-8-2) on Saturday.Bucksport 3, Mattanawcook 2Bucksport (1-11-1) grabbed its first win of the season on Friday with a 3-2 victory over Mattanawcook (4-7-2).Searsport 6, DI-S 3Barrett Grant tallied two goals and two assists to lead Searsport (10-3-1) past the Deer Isle-Stonington Mariners (6-7-1) on Thursday.Krisford Melanio registered a hat trick with three unassisted goals for DI-S. Ethan Shepard made five saves on 12 shots for the Mariners.GSA 7, Dexter 0GSA beat Dexter (1-13) on Thursday.Orono 1, Sumner 1Sumner and Orono (6-5-3) tied on Thursday.Hermon 1, Ellsworth 0The Hermon Hawks celebrated their Senior Night by handing the Ellsworth Eagles their first loss of the season on Wednesday.Hermon senior Matt Allen’s shot from 15 yards out hit the bottom of the crossbar and deflected into the goal with 4:04 remaining in the second overtime period.Garrett Kipler made seven saves on 10 shots for Hermon, and Bruce St. Peter made five saves on seven shots for Ellsworth.MDI 3, John Bapst 0MDI beat John Bapst (2-8-3) on Wednesday.WA 5, Sumner 0Washington Academy (14-0) beat Sumner on Wednesday. Latest Posts Bio Drive-thru flu shot clinics scheduled – September 18, 2020 Latest posts by (see all) Donald Trump Jr. to host Holden campaign event – September 18, 2020last_img read more

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Kindergarten Roundup Sessions Being Held at Alcona Community Schools

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisBeginning on March 15th Alcona Community Schools will be inviting parents of children that are preparing to go to school for the annual kindergarten roundup session.Parents that have a child turning 5 years old by the fall are welcome to attend. The session is being held to help parents prep their child for their future education.The session will also allow kindergarten teachers to examine the new students to see how they interact and use their social skills.“It’s important for the parents to kind of get a sense of what kindergarten is going to be like. If you’re a first time mom whose having their child go to kindergarten and then also for the parents that have had many kids go to kindergarten, it’s kind of to reassure them and reintroduce them (parents) who the teachers are, who’s going to be watching their kids and watching them grow, and educating them so it kind of reassures them and also to just get them ready to start thinking about kindergarten,” Kindergarten teacher Lorrie Mongeau said.There will be two sessions for parents and their children to attend on march 15th. One session starts at 8:30 am the other session will be held at 12:30 pm.You can register for the kindergarten roundup by contacting Alcona Elementary School at 989–736–8146.  AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: Alcona Community Schools, Kindergarten Roundup, School, School PrepContinue ReadingPrevious Meth Bust: Two Arrested in Otsego CountyNext Alpena County Road Commission Approves Speed Limit Changeslast_img read more

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