Fannie Mae and Freddie Mac Launch UMBS

first_imgSign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 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. Demand Propels Home Prices Upward 2 days ago Fannie Mae and Freddie Mac Launch UMBS On Monday, Fannie Mae and Freddie Mac marked the completion of their Single Security Initiative with the launch of the Uniform Mortgage-Backed Security (UMBS).“UMBS is the result of close collaboration with FHFA, Freddie Mac, Common Securitization Solutions, and hundreds of housing finance stakeholders and we congratulate all involved on this achievement,” said Renee Schultz, SVP, Capital Markets, Fannie Mae in a statement. “We remain focused on ensuring that all market participants continue to make a smooth transition to UMBS and maintaining a highly liquid housing finance market.”“The UMBS is one of the most significant accomplishments in our decade-long effort to improve the U.S. housing finance system,” said Mark Hanson, SVP, Securitization, Freddie Mac in a statement. “Americans will benefit from the efficiency and standardization brought about by this new common security. The success of the initiative is a direct result of Freddie Mac’s collaboration with Fannie Mae, Common Securitization Solutions, FHFA, and thousands across the U.S. housing finance industry. We are grateful for their hard work, and we join them in celebrating this achievement.”Critics of the new Security argue that it may not lower mortgage rates as intended.  Some see the combined bond as “more than five-year process to unify a roughly $4.4 trillion pile of agency MBS currently split between the two government-sponsored enterprises.”“It already was the most liquid market in the world in many respects. What are they trying to fix, exactly?” Walt Schmidt, Head of Mortgage Strategies at FTN Financial in Chicago, told Bloomberg.According to experts, the final outcome can’t be said until today’s launch.“To some extent June 3 will be a bit analogous to Y2K, you don’t know if everything will be successful until after the fact,” Jay Bacow, head of Morgan Stanley’s MBS research team, told Bloomberg. He added that “the mortgage market is second to Treasuries in terms of fixed-income liquidity and it’s challenging for us to see it losing that distinction under UMBS.” Fannie Mae FHFA Freddie Mac UMBS 2019-06-03 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Previous: A Snapshot of Mortgage Market Performance Next: HUD’s Plan for Housing Counseling Services  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save June 3, 2019 4,592 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Fannie Mae and Freddie Mac Launch UMBS in Daily Dose, Featured, Government, Market Studies, News, Secondary Market The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Fannie Mae FHFA Freddie Mac UMBS Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Deloitte: About 30% of U.S. shale operators are ‘technically insolvent’

first_imgDeloitte: About 30% of U.S. shale operators are ‘technically insolvent’ FacebookTwitterLinkedInEmailPrint分享E&E News ($):After over a decade of growth, U.S. shale drillers have entered a period of “great compression” and extreme volatility that could last years as demand for oil has plummeted during the coronavirus pandemic, according to a new report from consulting and accounting firm Deloitte.Nearly one-third of U.S. shale operators are “technically insolvent” at current oil prices and may seek to be acquired or declare bankruptcy, Deloitte said in its analysis. The contraction could have a “domino effect” on the global oil and gas industry given the outsize role of U.S. shale production, said the report, which was released yesterday.Before COVID-19 hit, oil demand worldwide was already trending downward and the market had shown some instability, mostly due to concerns over climate change, said Duane Dickson, U.S. oil, gas and chemicals leader and a vice chairman at Deloitte. The global pandemic appears to have accelerated an energy transition away from the fossil fuel, he said.With the coronavirus upending global supply chains and forcing many industries into telecommuting, oil demand is not expected to return to pre-pandemic levels “anytime soon,” according to Deloitte’s report. It is unclear when people will resume driving, using ride-share services and flying as much as they did pre-pandemic, said Dickson, co-author of the report.“We see at least three to five years before a recovery of all the major markets occurs,” he said.With Deloitte estimating that about 30% of U.S. shale operators can’t break even when shale prices dip below $35 a barrel, some firms could declare bankruptcy in the next few years, Dickson said. Others could turn to consolidation.[Miranda Wilson]More ($): Pandemic drives U.S. shale into ‘great compression’ — reportlast_img read more

Cappelli: Guests will not have to wait at the border, but by filling out the web application they will cross the border in advance in a few seconds

first_img/ Recommendations for infection prevention in zoos, national parks and nature parks as part of the gradual easing of COVID-19 restrictive measures The total number of people cured of covid19 was in 2011, and a total of 132 sick patients to date, while 471 people are in self-isolation. Four new patients are from Brod-Posavina County, and one new case each is in Osijek-Baranja and Split-Dalmatia counties.  In the next period, Croatia will have controlled tourism, and by filling out the web application, guests will cross the border in a few seconds, without waiting, Cappelli said. Index.hr Tourism Minister Gary Cappelli was also present at today’s press conference, announcing an additional opening of the borders. / Recommendations for preventing the spread of COVID-19 disease during professional artistic performances, cultural programs and events / Recommendations for activities in the field of air passenger transport during the coronavirus (COVID-19) epidemic MIA: Online questionnaire and answers to frequently asked questions about crossing the border INSTRUCTIONS FOR FOREIGN TOURISTS IN ENGLISH / / / MIA ANNOUNCES INFORMATION ON POSSIBILITIES OF ENTRY INTO THE REPUBLIC OF CROATIA At today’s press conference of the National Civil Protection Headquarters, it was announced that we have six new cases of coronavirus infection, and that two people have died. Cappelli je precizirao da te obavijesti uključuju ponašanje u hotelu pri dolasku, beskontaktne rezervacije hotela te odlaske u bazen ili na plažu. ”Turisti koji dolaze ne mogu reći da ne znaju kako se ponašati u Republici Hrvatskoj’‘, dodao je. / Recommendations for swimming in the sea and inland surface waters during the COVID-19 epidemic Opening to Austria, Slovakia, the Czech Republic and Hungary has been announced for the end of May. According to eVisitor, 13 foreign citizens, mostly from Slovenia, entered Croatia by 5336 pm on Friday from midnight.center_img “With third countries, everything depends on an agreement at EU level. We are trying to respect the protocol agreed at the EU level, but also to respect bilateral agreements as we had with Slovenia”, rekao je Cappelli. / Recommendations for the operation of swimming pools and water parks during the COVID-19 epidemic As of Thursday, there is an online questionnaire that further clarifies the conditions for entering the Republic of Croatia, as well as answers to the most common questions. Find out more in the attachment. Cappelli: Guests will not have to wait at the border, but by filling out the web application they will cross the border in advance in a few seconds This is a voluntary application that will enable tourists to meet the conditions in advance and enter the Republic of Croatia. ” Here we will make a redistribution at the border crossings so that those who have registered with the CNIPH through the application can pass without any delay. Once you receive an answer through the application and when you have registered where you will stay in the Republic of Croatia, it is valid as long as this measure is valid “, added the Minister of the Interior and the head of the National Civil Protection Headquarters Davor Božinović. / Recommendations for preventing the spread of COVID-19 disease during tourist entertainer activities and programs The Minister of Tourism emphasized that hotels are reopening, depending on the possibilities and the arrival of tourists, and that for foreign tourists there are already explanations in English for all segments of tourism. ” Guests won’t have to wait at the border, but by filling out the web app they will cross the border in advance in seconds. By May 28, we will have an app based on a platform previously used as a permit. Our first priority is to know what tourists expect when they arrive in Croatia “, said Cappelli. / Recommendation for training, sports and recreational activities in indoor sports facilities Cappelli reported that some tourists who had previously canceled reservations were making reservations again for June and that Germany, in agreement with the ministers of all EU countries, had expressed a desire to allow citizens to come to sea from 15 June. The same date applies to Poland, he added. From midnight to 13 pm, 5366 foreign citizens entered Croatialast_img read more