first_imgSign up for DS News Daily  Print This Post Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Fannie Mae Gross Mortgage Portfolio Single-Family Serious Delinquency Rate Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News, Secondary Market While Fannie Mae’s Book of Business dropped slightly at a compound annualized rate of 1.3 percent in July, the GSE’s gross mortgage portfolio declined at a rate of 16 percent, marking the fourth month in a row ninth time in 12 months the portfolio declined at a double-digit annualized rate, according to Fannie Mae’s July 2015 Monthly Volume Summary released Monday.Fannie Mae’s gross mortgage portfolio has contracted at an average annualized rate of 11.6 percent for the first seven months of 2015 after contacting at an annualized rate of 15.8 percent for the entire year of 2014.July’s contraction at a rate of 16 percent dropped the value of Fannie Mae’s gross mortgage portfolio by nearly $6 billion down to $384.6 billion. The gross mortgage portfolio for Fannie Mae has expanded only three times in the last 61 months dating back to June 2010 (March 2015, January 2015, and December 2012). The value of the portfolio has declined by more than half since June 2010, from $818 billion that month down to $384.6 billion in July 2015. It has declined about than $27 billion just since March 2015, when its value was $411.7 billion.The value of Fannie Mae’s Book of Business dropped from $3.110 trillion in June down to $3.106 trillion in July with the annualized rate contraction of 1.3 percent. The Book of Business, which includes the gross mortgage portfolio plus the total Fannie Mae mortgage-backed securities and other guarantees less the Fannie Mae mortgage-backed securities in the portfolio, contracted at an average compound annualized rate of 0.09 percent this year. It has contracted in six of the first seven months of 2015.The serious delinquency rate on single-family mortgage loans backed by Fannie Mae dropped another three basis points down to 1.63 percent in July and is now well below its pre-crisis level, as well as less than half of the national serious delinquency rate of 3.5 percent for June reported by CoreLogic. For Fannie Mae, the single-family serious delinquency rate has declined every quarter since Q1 2010.The total value of Fannie Mae’s mortgage-backed securities and other guarantees for July was $2.813 trillion, a slight increase from June’s total of $2.812 trillion.The number of loan modifications completed by Fannie Mae was down slightly, from 8,356 in June down to 7,890 in July. Year-to-date as of the end of July, Fannie Mae has completed 60,804 loan mods, an average of 8,686 per month. Fannie Mae completed an average of 10,235 loan mods per month for the full year of 2014. Home / Daily Dose / Fannie Mae’s Mortgage Portfolio and Serious Delinquency Rates Drop Yet Again August 31, 2015 1,608 Views Fannie Mae’s Mortgage Portfolio and Serious Delinquency Rates Drop Yet Again Fannie Mae Gross Mortgage Portfolio Single-Family Serious Delinquency Rate 2015-08-31 Brian Honea The Best Markets For Residential Property Investors 2 days agocenter_img Related Articles About Author: Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Reliable Housing Market Forecasts Need Both Statistics and Human Judgment Next: Delinquency Rates Remain Low Across SFR Securitizations Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Savelast_img read more

first_imgOil company Lundin has received consent from the Petroleum Safety Authority (PSA) to drill an exploration well in the Barents Sea with the Ocean Rig-owned Leiv Eiriksson drilling rig.The well is located in block 7220 in the Lundin-operated production license 609 in the Barents Sea off Norway.The offshore safety body gave its consent to the oil company’s Norwegian entity, Lundin Norway, to drill the exploration well designated as 7220/11-4 in a prospect named Alta.According to the offshore safety agency, the drilling is scheduled to start this May and it will last 65 days. The consent also includes possible side tracking and production testing.This consent was granted on condition that the activity is terminated by the beginning of October 2017.The drilling on the Alta prospect comes after the company drilled a dry appraisal well on the Gohta discovery, located only 15 kilometers from the 7220/11-4 exploration well location.The 7120/1-5 appraisal well on the Gohta discovery was also drilled by the Leiv Eiriksson rig, which, upon plugging the well, will move northeast to spud the Alta prospect.The Leiv Eiriksson is a semi-submersible drilling rig of the Bingo 9000 type, owned and operated by Ocean Rig. It was built in China in 2001, fitted out in the USA, and was issued with an acknowledgment of compliance by the PSA in July 2008.last_img read more

first_imgAntoine Griezmann scored twice as Atletico Madrid swept aside Marseille in Lyon to win the Europa League for the third time in nine years.France forward Griezmann opened the scoring by punishing Andre Zambo Anguissa’s poor touch to coolly slot home, then dinked in a casual second. Captain Gabi drilled in the third goal late on as Atletico again lifted the trophy they also won in 2010 and 2012.The outcome could have been different had Marseille forward Valere Germain taken an early chance, before Griezmann’s lethal finishing allowed Atletico to take control.Marseille skipper Dimitri Payet, an injury doubt before the game, lasted just half an hour before hobbling off in tears.Without their inspirational midfielder, the French side caused Atletico just one major scare as ex-Fulham striker Kostas Mitroglou headed against the post.Atletico have been one of Europe’s most consistent teams in recent seasons, breaking Barcelona and Real Madrid’s stranglehold on La Liga by claiming the title in 2013-14.Second in the Spanish top flight with one match remaining, they are on course for a top-three finish for the sixth straight season and have appeared in two Champions League finals in that period, losing on both occasions to city rivals Real.With manager Diego Simeone in the stands – serving a four-game ban for being sent off in the semi-final against Arsenal – Atletico repelled Marseille’s early thrusts and produced a performance which has become a trademark under the Argentine.Griezmann’s clinical double took his tally for the club this season to 30 before Gabi added the third as the Ligue 1 club tried in vain to breach a backline that has conceded just 33 goals in 58 games all campaign.Atletico conclude their league season against Eibar on Sunday, and it remains to be seen if that is Griezmann’s last game for the club as he has been heavily linked with Barcelona.Payet has been Marseille’s star man this season – his 22 assists in all competitions the most by any player in Europe’s top five leagues.The former West Ham midfielder was struggling with a thigh problem before the game and, despite being passed fit, crumpled down in the opening period and was clearly devastated as he made his way off the pitch.France boss Didier Deschamps names his 23-man squad for the World Cup on Thursday, and Payet will be left wondering whether he will be fit.It was his clever through ball in the sixth minute that set Germain in on goal, but the striker struck horribly wide from 10 yards out.Former Aston Villa full-back Jordan Amavi struck a fizzing drive straight at goalkeeper Jan Oblak late on as Marseille lost their third final in this competition – twice under its previous guise as the UEFA Cup.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more