Governmental Measures Target Expanded Access to Affordable Housing 2 days ago July 5, 2019 1,844 Views Previous: The Case for Outsourcing in Property Preservation Next: A Decade Later: Assessing the American Dream Better Data, Stronger Performance Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Better Data, Stronger Performance Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Ken Burke is VP of Servicing Operations in the Single-Family Strategic Delivery, Data, and Operations division of Freddie Mac. Burke leads a team that includes Investor Reporting, Default Fees and Claims, Nonperforming Loan Management, and Homesteps/REO. Demand Propels Home Prices Upward 2 days ago Tagged with: Freddie Mac Homeowners Loan mortgage Securitization Technology Freddie Mac Homeowners Loan mortgage Securitization Technology 2019-07-05 Radhika Ojha Editor’s note: This feature originally appeared in the July issue of DS News, out now.As mortgage servicers know, there may be times when homeowners encounter stressful situations that can make it difficult for them to pay their mortgages. Whether due to a natural disaster, a personal or family hardship such as a death in the family, or the loss of a job, when these situations occur, homeowners need counseling, guidance, answers, and solutions—fast.The experience and insights provided by servicers from across the country is allowing Freddie Mac to spearhead efforts to reimagine and improve loan servicing. This process involves implementing technology and tools that will provide servicers with better data, faster response, updated policies, and improved processes designed to reduce costs, minimize credit loss, and promote a better, more timely experience for servicing partners and their homeowner clients.Freddie Mac’s “Reimagine Servicing” initiative is focused on four goals:Transforming the client experienceImproving efficiencyInnovation and speed to marketReducing costsServicers want and need background data. They want to understand the big picture when a homeowner encounters trouble, and better data can help them make the best decisions for all interested parties. Servicers know that data drives much of the servicing process— from reporting and analysis to technology optimization and insight—but ultimately, it drives the basis of good customer experience and positive portfolio outcomes.In response to these needs, Freddie Mac is leveraging data-focused solutions to ensure that our servicers have the state-of-the-art tools needed to drive success. These initiatives are focused in three key areas:1. DATA-DRIVEN TIME REDUCTIONS THAT DRIVE OPPORTUNITIES FOR EFFICIENCY.Through data collection and analysis, Freddie Mac is targeting time-draining manual documentation efforts as an opportunity to speed default-related processes and reduce the need for multiple requests for a loan prior approvals that often delay loan servicing processes. Servicers have told us that these advanced technology changes offer process improvements leading to faster solutions that benefit them.2. DATA-DRIVEN INSIGHT AND REPORTING SYSTEMS THAT DRIVE AN ADVANCED SERVICER AND HOMEOWNER EXPERIENCE.Analysis of Insights from our servicing partners continue to help us improve default management and servicing technology. Using new technology that identifies and evaluates patterns and themes, we are working to create data opportunities to transform the servicer experience while also supporting improvements to the homeowners’ experience throughout the loan life cycle.3. DATA-DRIVEN MANAGEMENT EFFICIENCIES THAT DRIVE BETTER EXECUTION AND RESULTS.Advanced technology efforts will eventually eliminate the servicer’s burden for loan status updates and remove redundant data reporting. We’re working with our industry partners to acquire homeowners’ data from outside data providers in order to piece together information on each property in a servicer’s portfolio.The housing industry as a whole has seen a decline in the number of seriously delinquent loans over the past eight years. At the end of 2018, Freddie Mac’s seriously delinquent mortgage rate was just 0.69%. At the end of 2010, the total mortgage market’s seriously delinquent loan rate for single-family homes reached a high of 8.6%, while Freddie Mac’s seriously delinquent rate was 3.84%.Fast-forward to eight years later and, in December 2018, the total mortgage market seriously delinquent loan rate for single-family homes had lowered to 2.13%, while Freddie Mac’s December 2018 seriously delinquent single-family loans fell to 0.69%, according to the latest data points available on this specific loan information.Freddie Mac will continue to leverage data and advanced technology tools to make it easier for servicers to help their customers. These tools are provided to our servicers at low to no cost to ensure that each servicer has access to the same tools, thereby avoiding duplication and increasing efficiencies while reducing cost. Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News, Print Features About Author: Ken Burke Print This Post Related Articles Demand Propels Home Prices Upward 2 days ago Subscribe The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago
FacebookTwitterLinkedInEmailPrint分享Reuters:Amundi said it has warned the State Bank of India it will evict one of the lender’s green bonds from a flagship fund if it helps finance a coal mine in Australia that has met fierce opposition from environmental groups. Amundi, which holds the bond in its Amundi Planet Emerging Green One fund, said it had learnt this week that the Indian bank was considering financing the Carmichael thermal coal mine in Australia.Carmichael has drawn strong opposition from climate campaigners because of the potential carbon emissions that would be produced by the mine, at a time when many countries are exiting coal to help fight global warming.Under pressure from investors, a string of banks and insurers have already cut ties to the project, with the most recent being Lloyd’s insurer Apollo.Amundi’s Jean Jacques Barberis, Director of the Institutional and Corporate Clients division & ESG, said the asset manager had contacted the bank to voice its concern and followed up with a letter to the management on Thursday.The Amundi fund – the largest aimed at green bonds in the emerging markets – looks to invest in bonds that help fund environmentally friendly projects, but also looks at the issuer to make sure its other activities are “coherent”.“We consider SBI should not finance this project. It’s their decision, ultimately, but we’ve been extremely clear on the fact that, if they decide to do it, we would immediately disinvest,” said Barberis. Financing the mine would be in “total contradiction” to the SBI activities financed through its green bond, he added. “We have engaged SBI, asking them not to participate (in the loan)… and now we are waiting for their answers.”[Simon Jessop]More: Amundi gives bond warning to State Bank of India over coal mine Leading green bond firm threatens State Bank of India over support for Australian coal mine
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Are Jurgen Klopp’s side in danger of a dramatic fall from grace? (Picture: Getty Images)Liverpool ‘could easily drop to fourth’ in the Premier League this season unless they sign new players, reckons Arsenal icon Paul Merson.The Reds are going into a Premier League season as defending champions for the first time and got off to a winning start with a 4-3 victory over Leeds at Anfield on Saturday.However, Jurgen Klopp has only made one senior signing this summer so far, bringing in Kostas Tsimikas from Olympiacos, who is only acting as an understudy for Andy Robertson at left-back.Merson feels the champions’ squad is looking perilously weak and any sort of injury crisis could seriously cost them in the defence of their title and benefit the likes of Manchester City, who can boast a much deeper squad.AdvertisementAdvertisementADVERTISEMENT‘Liverpool could easily drop to fourth,’ Merson told Sky Sports. ‘You look at the goals Liverpool let in against Leeds: wow. I just think they turned up and thought they would wipe the floor with Leeds.‘I think they need to buy someone. It would not surprise me if the finished fourth this season, and I thought that before this game. ‘It’s the same team, and they have a massive amount of players who have to play every week. Virgil van Dijk cannot get injured. The full-backs cannot get injured. They have not got anyone to replace the front three if they are injured.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘If Man City get injuries, they will just play: “We’ll score more goals than you” anyway. What we’ll see later in the season is teams like Man City come into the fold massively, because their squad is too big. ‘That’s why I worry about Liverpool, there’s five or six players who must play week in, week out, otherwise the team is weakened immensely.’Liverpool have continually been linked with Bayern Munich midfielder Thiago Alcantara this summer, but that move looks no closer to being completed than any time over the last two months.That transfer could still happen, but the Reds are not expected to complete any other deals and will almost certainly end the transfer window with much the same squad they have now.MORE: Fernando Torres backs Liverpool over Chelsea in his Premier League title predictionMORE: Timo Werner delivers fitness update for Liverpool game after picking up knee injuryFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page. Metro Sport ReporterTuesday 15 Sep 2020 7:09 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link996Shares Liverpool could easily drop to fourth in Premier League, reckons Paul Merson Comment Advertisement Advertisement
Guinea-Bissau’s new prime minister Baciro Dja was sworn in Thursday despite angry protests from the ruling party, deepening a political crisis a week after the government was sacked.President Jose Mario Vaz swore in Dja, 39, just hours after he was appointed to replace Domingos Simoes Pereira, who he fired over a series of disputes including the naming of a new army chief, sparking fresh crisis in the chronically unstable west African nation.Dja is a former minister in the office of the president who was suspended from the ruling party, African Party for the Independence of Guinea and Cape Verde (PAIGC).The new presidential appointee was not chosen by PAIGC, the biggest parliamentary party that is supposed to propose the prime minister’s name.Early this month, Dja was suspended from his post as the third vice-chairman of PAIGC by the party’s disciplinary committee for undermining the party’s chairman, Simoes Pereira.He had resigned in June from government following a misunderstanding with the sacked prime minister.