FHFA Adjusts Deadline for Purchase of Qualified Loans

first_imgHome / Daily Dose / FHFA Adjusts Deadline for Purchase of Qualified Loans Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Servicers Navigate the Post-Pandemic World 2 days ago 2020-09-24 Christina Hughes Babb Demand Propels Home Prices Upward 2 days ago Related Articles Subscribe Sign up for DS News Daily Share Save About Author: Christina Hughes Babb in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago The Federal Housing Finance Agency (FHFA) Thursday announced that Fannie Mae and Freddie Mac will extend the purchases of qualified loans in forbearance, as well as other previously introduced loan-origination flexibilities related to the national pandemic crisis, until October 31. The special accommodations, which the agency says are aimed at “ensuring continued support for borrowers during the COVID-19 national emergency,” were formerly set to expire at the end of this month.A recap of the originally published “flexibilities”:The FHFA has temporarily approved the buying of “certain single-family mortgages in forbearance that meet specific eligibility criteria set by Fannie Mae and Freddie Mac,” according to the original announcement. At the time, FHFA Director Calabria said, ““Extending [the GSEs]’ ability to purchase these previously ineligible loans will help provide liquidity to mortgage markets. That said, to make homeownership sustainable, lenders have a responsibility to ensure that borrowers can make their monthly mortgage payment.” The full explanation of this provision was updated at the end of August.The FHFA on March 23 instructed the GSEs to ease standards for property appraisals. Changes included more-flexible underwriting guidelines, which allow exterior-only inspection appraisals or desktop appraisals. The FHFA at the time said the measures mean to support the secondary mortgage market’s immediate liquidity needs.The FHFA instructed Fannie and Freddie to loosen verification of employment requirements.Back in March, a representative from the Mortgage Bankers Association spoke with Arkansas news outlet TalkBusiness.net about the appraisal and employment-verification flexibilities.Finally, the FHFA will expand the use of power of attorney to assist with loan closings.​​ Fannie answers FAQs related to power of attorney on its website.”We have expanded the transaction types that are eligible for a party with a connection to the transaction to serve as attorney-in-fact, including an employee of the title insurance company providing the title insurance policy,” Fannie Mae noted. “In addition to limited cash-out refinances, which are currently permitted in the Selling Guide, this exception now also applies to purchase transactions.”The agency noted in each statement that it will continue to monitor development and update its policies when necessary. The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Serious Mortgage Delinquency Rates on the Rise Next: Where Each Presidential Candidate Stands on Housing September 24, 2020 1,392 Views FHFA Adjusts Deadline for Purchase of Qualified Loans Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

A new bipolar ice core record of volcanism from WAIS Divide and NEEM and implications for climate forcing of the last 2000 years

first_imgVolcanism is a natural climate forcing causing short-term variations in temperatures. Histories of volcanic eruptions are needed to quantify their role in climate variability and assess human impacts. We present two new seasonally resolved, annually dated non-sea-salt sulfur records from polar ice cores—WAIS Divide (WDC06A) from West Antarctica spanning 408 B.C.E. to 2003 C.E. and NEEM (NEEM-2011-S1) from Greenland spanning 78 to 1997 C.E.—both analyzed using high-resolution continuous flow analysis coupled to two mass spectrometers. The high dating accuracy allowed placing the large bi-hemispheric deposition event ascribed to the eruption of Kuwae in Vanuatu (previously thought to be 1452/1453 C.E. and used as a tie-point in ice core dating) into the year 1458/1459 C.E. This new age is consistent with an independent ice core timescale from Law Dome and explains an apparent delayed response in tree rings to this volcanic event. A second volcanic event is detected in 1453 C.E. in both ice cores. We show for the first time ice core signals in Greenland and Antarctica from the strong eruption of Taupo in New Zealand in 232 C.E. In total, 133 volcanic events were extracted from WDC06A and 138 from NEEM-2011-S1, with 50 ice core signals—predominantly from tropical source volcanoes—identified simultaneously in both records. We assess the effect of large bipolar events on temperature-sensitive tree ring proxies. These two new volcanic records, synchronized with available ice core records to account for spatial variability in sulfate deposition, provide a basis for improving existing time series of volcanic forcing.last_img read more

Federal Ministry of Sports secures scholarship for two secondary school athletes

first_imgRelatedPosts Saraki to Kwara Governor: Call those encroaching my land led by your SA to order FG hails Kwara Governor over social investment programme No timetable yet for Anambra FA elections — Caretaker Committee The Federal Ministry of Youths and Sports Development has secured scholarship for two athletes from Anambra State, who were discovered at the last National Youth Games in Ilorin, Kwara State. Kola Daniel, Special Assistant (Media) to the Minister of Youths and Sports Development, Sunday Dare, disclosed this on Thursday in Abuja. Daniel said the development was a result of the resolve by the Minister to unearth hidden sports talents across the country. He said this was in order to grow and nurture them to take over from the older ones at the right time. He said: “The scholarship is a dividend of the Memorandum of Understanding signed between the ministry and the Nigerian Tulip International Colleges in October 2019. “The MoU is worth N2.6 million and will ensure some of the athletes discovered at the Games are able to further their education while still engaging in sports.” Daniel explained that the athletes were picked from the Anambra State contingent at the 2019 NYG. “Four out of the 20 athletes nominated for the scholarship programme from Anambra, in company of their coach, Akachukwu Igwebuike, a two-time gold medalist in javelin at the international level, were put through physical and practical trials, as well as oral screening,” Daniel said. He said it was from this group that Dike Mmaduabuchi (long jump/high jump) and Gabriel Chidera (shot put/discus) have now secured scholarship to the NTIC. Daniel added: “It is worthy of note that during the course of the screening programme, over 240 footballers were also nominated for the scholarship. “Three footballers of Anambra descent made the final list of which the captain of Team Anambra at the 5th NYG, Okafor Anthony, was among the lucky recipients.”Tags: Anambra StateFederal Ministry of Youths and Sports DevelopmentIlorinKwara Statelast_img read more