Freddie Mac Prices Fourth Structured Credit-Risk Offering of 2015

first_img Freddie Mac has announced on Tuesday the pricing of its fourth Structured Agency Credit Risk (STACR) debt notes offering for 2015 at $425.6 million, pending market conditions.With the latest offering, STACR Series 2015-HQ2, Freddie Mac is rating the M-3 bond and issuing 100 basis points of first loss. Freddie Mac holds the senior loss risk in the capital structure and also holds a portion of the risk in the Class M-1, M-2, and M-3, and the first-loss Class B tranche. STACR HQ2 is fixed severity, not actual loss.STACR Series 2015 HQ-2 consists of a reference pool of single-family mortgages with an unpaid principal balance of more than $30.3 billion. The mortgages in the reference pool were acquired by Freddie Mac from the first through third quarters in 2013 and have loan-to-value ratios ranging from 80 to 95 percent. The loans in the pool are 30-year fixed-rate single-family mortgage loans.”This is our fourth STACR offering out of an expected six to eight this year,” said Mike Reynolds, Freddie Mac vice president of Credit Risk Transfer. “STACR has gained momentum in the market so far this year, and we hope to continue to see new investor participation in each transaction.”Co-lead managers and joint bookrunners for the STACR offering will be Barclays and Nomura. Co-managers will be BNP Paribas and Morgan Stanley. Multi-Bank Securities will be a group selling member for the deal.The issuance of STACR Series 2015-HQ2 comes one month after Freddie Mac announced its intention to sell its third STACR debt notes offering, STACR Series 2015-DNA1, at $1.01 billion (an increase from $720 million due to market demand). That STACR offering represented a couple of first for Freddie Mac: It was the enterprise’s first transaction in which losses will be allocated based on actual losses realized on related reference obligations instead of using a fixed severity approach to allocate losses. In addition, that STACR offering represented the first time the first-loss Class B tranche will be issued as book-entry notes.The STACR offering priced on Tuesday is the GSE’s fourth this year and 13th overall. Freddie Mac began the STACR program in the second half of 2013 as part of the Enterprise’s goal of reducing risk to taxpayers by increasing private capital’s role in the mortgage market. Freddie Mac has laid off a substantial portion of credit risk for more than $266 billion in unpaid balances on single-family mortgages through STACR transactions, according to the GSE. The enterprise has issued $8.8 billion in STACR bonds to date, representing reference pools of $292.6 billion through 13 issuances. Related Articles Subscribe in Daily Dose, Featured, News, Secondary Market Home / Daily Dose / Freddie Mac Prices Fourth Structured Credit-Risk Offering of 2015 Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: DS News Webcast: Wednesday 5/26/2015 Next: Fed Survey Finds Increased Optimism for Future Financial Prospects Freddie Mac Single-Family Mortgage Loans STACR Program Structured Agency Credit Risk 2015-05-27 Brian Honea 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. Demand Propels Home Prices Upward 2 days ago Tagged with: Freddie Mac Single-Family Mortgage Loans STACR Program Structured Agency Credit Riskcenter_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea May 27, 2015 933 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Freddie Mac Prices Fourth Structured Credit-Risk Offering of 2015 Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

What time does ‘Hard Knocks’ air today? How to watch, live stream Episode 2

first_imgIn the time since that episode aired, it’s come to light that Brown is healing frostbitten feet from a cryotherapy experience gone wrong. That in itself was enough to pique interest for Episode 2, but the eccentric wideout upped the ante when it was reported that he is now holding out of camp activities because the NFL has mandated that he update his helmet — something which could make for riveting television should the team address the situation. MORE: 5 details from Antonio Brown’s helmet fuss that cement his bizarre reputationThe development of first-round pick Johnathan Abram and his relationship with coaches and teammates is also something to monitor after Episode 1 painted Abram as a heel-like character who plays far too physical at practice and is unafraid to verbally challenge coach Jon Gruden.Since the season premiere, the Raiders defeated the Rams 14-3 in Week 1 of the preseason and are gearing up for a date with Arizona on Thursday.What time does ‘Hard Knocks’ air today?Date: Tuesday, Aug. 13Time: 10 p.m. ETTV channel: HBOEpisode 2 of “Hard Knocks” releases Tuesday, Aug. 13. at 10 p.m. ET on HBO. New episodes roll out once a week every Tuesday night during NFL training camp and preseason. How to watch, live stream Episode 2 on HBOAlong with it airing live on HBO, the show is available to stream on HBO GO and HBO NOW. Just when you thought the Raiders may not be that interesting of a watch for this season of “Hard Knocks,” the television gods gifted HBO with Antonio Brown.The new wide receiver who forced his way out of Pittsburgh this offseason flew onto the Raider scene by way of hot air balloon in Episode 1 of “Hard Knocks” but didn’t take any practice reps with his teammates as he nursed sore feet, the cause of which went without mention during the season premiere. MORE: ‘Hard Knocks’ Episode 1 in review’Hard Knocks’ schedule: When is Episode 3?This season of “Hard Knocks” consists of five one-hour episodes released each Tuesday during the Raiders’ training camp and preseason.The next episode is Tuesday, Aug. 20.EpisodeAir dateChannel/StreamEpisode 1Aug. 6, 10 p.m. ETHBO, HBO GO, HBO NOWEpisode 2Aug. 13, 10 p.m. ETHBO, HBO GO, HBO NOWEpisode 3Aug. 20, 10 p.m. ETHBO, HBO GO, HBO NOWEpisode 4Aug. 27, 10 p.m. ETHBO, HBO GO, HBO NOWEpisode 5Sep. 3, 10 p.m. ETHBO, HBO GO, HBO NOWlast_img read more

New York bar owner arrested for ignoring lockdown orders

first_imgA bar owner in New York has become the first business owner to be arrested for not adhering to the coronavirus lockdown of nonessential operations.56-year-old Vasil Pando was arrested on Saturday after his bar was found to be still operating as normal despite Governor Cuomo’s order for all bars and restaurants in New York to remain closed until April 15th.When authorities arrived, they found several people inside of the bar drinking, gambling, and not adhering to the social distancing rules.The business owner is now facing charges for the illegal sale of alcohol, prompting gambling, and violating the mayor’s order.last_img read more

Five English players in Curtis Cup team

first_img6 May 2014 Five English players in Curtis Cup team Five English players have been selected for the GB&I team which will defend the Curtis Cup at St Louis Country Club, Missouri from June 6-8, 2014.They include Bronte Law, (image © Leaderboard Photography) who was a member of the 2012 team which won at Nairn in Scotland. She will be joined by Gabriella Cowley, Annabel Dimmock, Georgia Hall and Charlotte Thomas.The eight-strong team will be completed by Ireland’s Stephanie Meadow, who scored the winning point in 2012, giving GB&I their first victory since 1996; and the Scottish pair of Eilidh Briggs and Gemma Dryburgh.The team is made up of:–    The top four GB&I players on the world rankings: Meadow, Hall, Dimmock and Law–    The top two players on the LGU Order of Merit not already selected from the world ranking: Cowley and Briggs–    Two selected players: Thomas and DryburghThe team will again be captained by Tegwen Matthews who said: “I am thrilled and excited with this team and genuinely believe it has the perfect mix to retain the Curtis Cup. Each and every member of this team has fought hard for their place and I know they all have the desire, talent and passion to bring the cup back home.” Anna Hubbard will return as Team Manager.GB&I’s victory at Nairn in 2012 halted a run of seven consecutive victories by the United States.The Nairn contest, which GB&I won by a single point over three days, was the closest since a 9-9 draw in 1994 at the Honors Course, Chattanooga in Tennessee. GB&I, as holders, retained the trophy that year. GB&I’s only victory when the Curtis Cup match has been played in America occurred in 1986 at Prairie Dunes, Kansas where GB&I won 13-5.United States leads the series with 27 wins to GB&I’s seven. Three matches have been drawn.The England players:Gabriella Cowley, 18, (Hanbury Manor, Hertfordshire) was runner-up in this year’s Portuguese amateur championship, teamed up with Annabel Dimmock to win the Nations Cup for England at the Helen Holm Scottish stroke play championship, and was eighth in the Welsh open stroke play.  She won the England Golf girls’ order of merit for 2013, when her achievements included qualifying for the Women’s British Open, winning the Critchley Salver, representing GB&I in the Vagliano Trophy, representing England and helping to successfully defend the Girls’ Home Internationals.Annabel Dimmock, 17, (Wentworth, Surrey) has soared up the world rankings with a string of excellent results this season. She won the Helen Holm Scottish open stroke play title just over a week ago and followed up as runner-up in last weekend’s Welsh open stroke play. Earlier in the season she won the matchplay Jones Doherty Cup in the USA, where she was also runner-up in the South Atlantic ladies’ amateur. She was runner-up in the Spanish amateur, fifth in the European Nations Cup and won the Sunningdale Foursomes. She is an England international and was a member of the winning team at the Girls’ Home Internationals.Georgia Hall, 18, (Parkstone, Dorset) is the British women’s amateur champion and a past winner of the British girls’ title. She shared low-amateur honours at last year’s Ricoh Women’s British Open, won two gold medals at the 2013 Australian Youth Olympic Festival, represented Europe in the Junior Solheim Cup and won the LGU order of merit. She was Europe’s number one woman golfer for 2012, has previously represented GB&I in the Vagliano Trophy and is an England international.Bronte Law, 19, (Bramhall, Cheshire) was a member of the winning GB&I team at the 2012 Curtis Cup. The England international is a student at the University of California, Los Angeles, and has won on the US women’s college circuit. She has represented GB&I in the Vagliano Trophy and Europe in both the Junior Solheim Cup and Junior Ryder Cup matches. Bronte won the Cartier Trophy at the 2013 French Lady Junior Championship and was runner-up in the Esmond Trophy the previous year, when she tied 33rd in the Ricoh Women’s British Open.Charlotte Thomas, 21, is based in Singapore but makes an annual golfing trip back to England. Last summer she won the English mid-amateur championship, one week after losing a play-off for the English stroke play title. She is a student at the University of Washington in Seattle and has won on the US college circuit. Earlier this season she reached the matchplay stages of the Australian women’s amateur and tied third in the Lake Macquarie ladies’ championship, also in Australia.last_img read more

Not a bad gig if you can get it

first_imgNot a bad gig if you can get it. When most people are on their way to work, there’s a group of skiers out on Kootenay Lake.The trio, led by Nelson’s own Bruce Ramsay, take to the water near the Regional District of Central Kootenay transfer station where the waterski course is located.The boys up early when the water is like glass, before 7 a.m.last_img

Draymond Green makes impact in return as mending Warriors defeat Bulls 104-90

first_imgSAN FRANCISCO — When the Warriors walked into Chase Center for shootaround Wednesday morning, they stepped into a new $1.4 billion arena with flooded floors and a broken pipe. Entering the night losers in 10 of their last 11 games, the Warriors were also in need of fixing.The Warriors beat the Chicago Bulls 104-90, getting forward Draymond Green back from a three-game absence due to a sore right heel.With Green rounding out a nine-man rotation, the Warriors’ defense was much improved after …last_img read more

Vancouver, B.C., Will Host a Passivhaus Conference

first_img[Thanks to Mike Eliason for providing details for this news story.] The Canadian Passive House Institute is planning Canada’s first Passivhaus conference. Dubbed Passive House North 2013, the event is scheduled for September 27 and 28, 2013, in Vancouver, B.C. The conference, which is expected to attract American as well as Canadian attendees, will cover topics related to single-family homes, multifamily residences, and commercial buildings.The list of invited speakers is impressive – a veritable Who’s Who of the Passivhaus community. The expected speakers include Dr. Wolfgang Feist, Tim McDonald (of Onion Flats fame), Henry Gifford, Bronwyn Barry, Tomas O’Leary (from the Passive House Academy), Nabih Tahan, Peter Amerongen, and Mike Eliason.Covered topics will include Passivhaus affordability, cold climate difficulties, large wood structures, multifamily housing, prefab construction, high-performance window design, heat recovery ventilation, and airtightness.The conference will take place over multiple days. The pre-conference banquet on Friday night will include a presentation by Henry Gifford.The cost of the conference is $550 (in Canadian dollars), with discounts available to members of several Passivhaus groups. For more information, visit the Passive House North 2013 website.last_img read more

Petron storms to early lead; F2 Logistics kicks off title defense with victory

first_imgAFP official booed out of forum LATEST STORIES Pussycat Dolls set for reunion tour after 10-year hiatus MOST READ LOOK: Iya Villania meets ‘Jumanji: The Next Level’ cast in Mexico Defending champion F2 Logistics and Petron fashioned out victories over their respective rivals Saturday night in the Philippine Superliga-Chooks To Go Grand Prix at Santa Rosa Sports Center in Laguna.F2 trounced Cocolife, 25-21, 25-15, 25-16, to start its title-retention bid while Petron drubbed Cignal, 25-17, 8-25, 25-20, 25-17 to also bolster its own campaign.ADVERTISEMENT View comments Typhoon Kammuri accelerates, gains strength en route to PH Google honors food scientist, banana ketchup inventor and war hero Maria Orosa Don’t miss out on the latest news and information. center_img Stalzer and Hurley, the duo that spearheaded Petron to the finals of last year’s Grand Prix, combined for 27 of the Blaze Spikers’ 44 attack points while providing leadership down the crucial stretch.“We had some troubles in the second set,” said Petron head coach Shaq Delos Santos. “It’s good that we were able to recover and finish strong.”After trailing by two, 8-10, the vaunted floor defense of the Blaze Spikers conked out, allowing the HD Spikers to uncork 15 consecutive points and claim the second set, 25-8.But in the next set, Stalzer and Hurley connived in the attack zone to give Petron an early lead, 8-5, entering the first technical timeout.Petron took the early lead with a 2-0 card.ADVERTISEMENT Families in US enclave in north Mexico hold sad Thanksgiving John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Statement game Lindsay Stalzer and Hillary Hurley combined forces to help the Blaze Spikers recovered from a disastrous second set.They both finished with 18 points each.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutout“They really are a tough team,” said Stalzer of Cignal which fell to 1-1 record. “And it was good test for us.”Cignal’s Sonja Milanovic scored 23 points, while Jeane Horton added 20 for the HD Spikers. Brace for potentially devastating typhoon approaching PH – NDRRMC Read Next Trending Articles PLAY LIST 00:50Trending Articles01:46US defense chief agrees it’s time to take another look at defense pact with PH00:50Trending Articles01:29Police 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 Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon Citylast_img read more

‘Amazing’ Novak Djokovic tops Rafael Nadal for record 7th Australian Open

first_imgLacson backs proposal to elect president and vice president in tandem 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 MOST READ Serbia’s Novak Djokovic kisses his trophy after defeating Spain’s Rafael Nadal in the men’s singles final at the Australian Open tennis championships in Melbourne, Australia, Sunday, Jan. 27, 2019. (AP Photo/Andy Brownbill)MELBOURNE, Australia — Novak Djokovic was so good, so relentless, so pretty much perfect, that Rafael Nadal never stood a chance.Djokovic reduced one of the greats of the game to merely another outclassed opponent — just a guy, really — and one so out of sorts that Nadal even whiffed on one of his famous forehands entirely.ADVERTISEMENT Right from the start, though, this shaped up nothing like their only previous Australian Open title match, back in 2012, which Djokovic won in 5 hours, 53 minutes, the longest Grand Slam final in history.Evenly matched as they were that night, this time was no contest. None whatsoever. It lasted a tad more than 2 hours.Watching things swing so immediately and irrevocably in Djokovic’s direction really was rather hard to comprehend, as was how someone of Nadal’s experience and excellence could come out of the gate quite so poorly.Nerves? Perhaps they played a role. So, of course, did Djokovic, whose defense was impenetrable.No ball, no matter how well-struck, seemed to be out of Djokovic’s reach. He slid and stretched and occasionally even did the splits, contorting his body to get wherever he needed to.Djokovic grabbed 13 of the first 14 points, including all four that lasted 10 strokes or more. A trend was established.Of most significance, Nadal was broken the very first time he served Sunday. That gave Djokovic one more break of Nadal than the zero that the Spaniard’s five preceding opponents had managed combined. But none of them is Djokovic, the best returner in the game now — and maybe ever.Not a shabby returner, either, Nadal could make no headway on this day. Djokovic won each of the initial 16 points he served and 25 of the first 26.By the end of the second set, after 75 minutes of action, Djokovic had won nearly twice as many points (59-30), made more winners (23-14) and far fewer unforced errors (20-4), while taking 14 of 17 points that lasted at least 10 strokes.The longest was a 22-shot point, which ended when Nadal netted a backhand to give Djokovic a set point at the end of the first. Djokovic raised his right fist and held it there while staring at his guest box. LATEST STORIES US judge bars Trump’s health insurance rule for immigrants In a remarkably dominant and mistake-free performance that yielded a remarkably lopsided result, the No. 1-ranked Djokovic overwhelmed Nadal 6-3, 6-2, 6-3 on Sunday night to win a record seventh Australian Open championship and a third consecutive Grand Slam title, raising his count to 15 overall.“An amazing level of tennis,” Nadal acknowledged.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsAfter dropping only four games in the semifinals, Djokovic spoke about being “in the zone.” Clearly, he did not budge from there, producing 34 winners and only nine unforced errors Sunday.And this was against no slouch, of course: Nadal is ranked No. 2, owns 17 major trophies himself and hadn’t dropped a set in the tournament. He was on the right path. Nadal could do nothing to stop him.Sports Related Videospowered by AdSparcRead Next Private companies step in to help SEA Games hosting SEA Games hosting troubles anger Dutertecenter_img Oil plant explodes in Pampanga town “Sometimes, this tournament has been tough for me, in terms of injury,” said Nadal, who dropped to 1-4 in Australian Open finals, “and other times, in terms of opponents — like tonight.”A sore right elbow cost Djokovic the last half of 2017. It contributed to a fourth-round loss in Melbourne a year ago, right before he decided to have surgery.All that is in the past.The 31-year-old Serb is once again at an elite level. If anything, the gap between him and the rest is growing right now.“I’m just trying to contemplate on the journey in the last 12 months,” Djokovic said, mentioning what he called “quite a major injury.”“To be standing now here in front of you today and managing to win this title and three out of four Slams is truly amazing,” Djokovic said. “I am speechless.”Nadal also has dealt with all manner of health issues. He retired from his Australian Open quarterfinal and U.S. Open semifinal last year with right leg problems, had an offseason operation on his right ankle, and hadn’t competed in about four months when play began in Melbourne.“It was so important to be where I am today, coming back from injury, and it’s good inspiration for me for what’s coming,” Nadal said. “I’m going to keep fighting hard to be a better player.”Djokovic and Nadal know each other, their styles and their patterns all too well. This was their 53rd meeting — more than any other pair of men in the half-century professional era — and record-equaling 15th at a Grand Slam tournament. It was also their eighth matchup in a major final.So there should not have been any mysteries out there on Rod Laver Arena’s blue court as they began with the temperature, which had topped 105 degrees (40 Celsius) in recent days, at a manageable 75 (25 C) and just a hint of wind. Oil plant explodes in Pampanga town Grace Poe files bill to protect govt teachers from malicious accusations But Djokovic left Nadal smirking or gritting his teeth or punching his racket strings, unable to compete at all.“Tonight,” Nadal said, “was not my night.”So Djokovic added to previous triumphs in Melbourne in 2008, 2011, 2012, 2013, 2015 and 2016, along with four at Wimbledon, three at the U.S. Open and one at the French Open.He broke his tie with Roger Federer and Roy Emerson for most Australian Open men’s titles. He also broke a tie with Pete Sampras for third-most Grand Slam trophies; Djokovic only trails Federer, with 20, and Nadal.And he is gaining on them.ADVERTISEMENT ‘We are too hospitable,’ says Sotto amid SEA Games woes NLEX holds off much-improved Columbian for first win Don’t miss out on the latest news and information. View commentslast_img read more

9 months agoLiverpool boss Klopp tells players to ignore Man City

first_imgLiverpool boss Klopp tells players to ignore Man Cityby Paul Vegas9 months agoSend to a friendShare the loveLiverpool boss Jurgen Klopp has told his players to focus on themselves and not to worry about rivals Manchester City.Mo Salah’s 50th-minute penalty sank Brighton, again moving the Reds seven points clear of Manchester City — who don’t play until Monday’s home game against Wolves. Klopp said: “Our situation is we are completely focused on us. Nothing that happens around us is important.“After the City game [Liverpool’s first league loss all season, 10 days ago at the Etihad] it was just a case of, ‘Stay in the situation, completely focused, and obviously we can win football games.’“The boys proved that this season already a lot and that is what we have to do until the end of the season. That’s all.” About the authorPaul VegasShare the loveHave your saylast_img read more