Fitch Ratings: RMBS Market Faces Uncertainty

first_img Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Upcoming Event Features Experts in Single-Family Rental Investing   Next: Loss Prevention Program for D.C. Homeowners Re-launches Data Provider Black Knight to Acquire Top of Mind 2 days ago 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. in Daily Dose, Featured, Market Studies, News 2021-02-16 Christina Hughes Babb Share Save February 16, 2021 853 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Fitch Ratings: RMBS Market Faces Uncertainty Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Christina Hughes Babb The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Fitch Ratings: RMBS Market Faces Uncertainty While the new issue private-label residential mortgage-backed securities (RMBS) market reportedly is running along at a solid clip, a report by Fitch Ratings shows that some widespread developments and unknowns coming in 2021 could impact the volume of new deals.”New purchase and refinancing activity will remain elevated into 2021,” Fitch reported. “Recovery will likely vary by location and home-price tier. Housing supply constraints are likely to remain until the effects of the pandemic begin to wane.”A statement from Fitch predicted that, with the Biden administration’s most immediate focus on stemming the tide of the global pandemic, foreclosure moratoriums and forbearance plans will likely continue to be extended until lockdowns are lifted and local economies and jobs recover.That means demand for higher-priced single-family homes should remain high with mortgage rates staying low.”Home price growth has accelerated more notably in suburbs of cities like New York City, Washington D.C., Boston and San Francisco than in their once crowded central business districts,’ said Senior Director Suzanne Mistretta. “Longer term, however, home price growth in these suburbs will likely cool over time as the comfort level with central business districts increases with rising vaccination rates and the health crisis waning.”Fitch reports that it is also keeping a close eye on the new QM rule, which goes into effect 60 days after publication in the Federal Register on March 1.The potential for a shift in policy and enforcement initiatives that may be undertaken by the new director of the Consumer Finance Protection Bureau (CFPB) once appointed also adds to the uncertainty.”With a new CFPB director, some of the provisions may be revisited or the effective date could be postponed, adding some uncertainty to the impact of the new rule on issuance volume and loan documentation standards,” Mistretta said. Sign up for DS News Daily Related Articles  Print This Postlast_img read more

Bulldog Swimmers Fall Short Against Golden Bears

first_imgThe Batesville Bulldogs travelled to Shelbyville high school to take on the Golden Bears in dual meet action Tuesday evening. Batesville fell in both contests with a score of 115-61 (women) and 133-39 (men).bhs vs shelbyville“When we swim programs with the depth, like Shelbyville, it makes it hard to compete in the scoring. However, this score doesn’t reflect how well we’re swimming,” says Coach Greg McMullen. “Coach Weiler has done a great job of preparing his team and we’re looking forward to seeing them again on Saturday for the Relay Invitational.”Overall, Batesville finished the meet with two first place finishes: 200 Medley Relay (Maria Lopez, Jenna Ertel, Halle Renck and Olive Cerniglia) and Ethan Brewer in the 100 Fly.last_img read more

Badminton time

first_img Latest posts by Fenceviewer Staff (see all) The Mount Desert Island YMCA Badminton Open is set for Oct. 1-12. Scheduled events are Men’s and Women’s Singles; and Men’s, Women’s and Mixed Doubles. The event features round robin preliminaries followed by a double elimination tournament. Participants are guaranteed a 3-game minimum. Game shuttles will be Yonex Mavis 350 (yellow) medium speed. Fenceviewer Staff Latest Posts Bio Schoodic Grange hosting sale – October 30, 2014center_img Town report wins award – October 11, 2014 Fitness trainer is now cancer-exercise expert – October 12, 2014 For the singles tournament Saturday, play begins at 9:30 a.m. Cost is $15/person or $10 for students. The doubles tournament begins at 10 a.m. Sunday. Cost is $20 per team. For more information, contact Aaron at [email protected] 288-3511 or Nishi at [email protected] This is placeholder textThis is placeholder textlast_img read more

Trial continues for 2012 murder suspect

first_imgThe fourth day of trial for Javier Bolden who was charged with two counts of murder in the 2012 killings of USC graduate students Ming Qu and Ying Wu, continued at the Clara Shortridge Foltz Criminal Justice Center in downtown Los Angeles Tuesday morning.In trial · Photos of Ming Qu and Ying Qu, the victims of a 2012 murder, are shown at a press conference. Javier Bolden is on trial for the killings. – Daily Trojan File PhotoDuring Tuesday’s proceedings, Deputy District Attorney Daniel Akemon first called Stefano Bowe, a subpoenaed representative from TracFone, to the witness stand. TracFone, a wireless phone wholesale retailer, markets phones for use with monthly minute plans. Bowe confirmed that a cellular phone, wiretapped by the Los Angeles Police Department, was purchased by Bolden.In a wiretap from the night of the crime, a male voice was recorded as saying, “I just killed somebody,” to an unidentified female on the other side of the line.According to testimony given by LAPD Criminalist Marissa Bowen, cartridge casings found at the scene of the crime were fired from a semi-automatic 9-millimeter Luger pistol that was connected to Bolden, as determined by sheerings from the barrel of the weapon.Bolden’s attorney, alternate public defender Andrew Goldman, cross-examined Bowen on whether bullets from different guns could have the same sheerings. Bowen said that she believed the sheerings came from the same weapon.Goldman, who is a USC alumnus, represents low-income clients as part of the alternate public defender’s office, which represents accused persons who are unable to receive legal counsel from the regular public defender’s office due to unavailability or a conflict of interest.Goldman and Akemon both asked to approach the judge’s bench multiple times throughout the trial for conversations with the judge outside the hearing of the jury. Later, Akemon called Vincent Carrion, another representative from the LAPD, to the stand to testify. Carrion played a DVD for the jury in which a paid undercover informant was placed in the jail cell with Bolden and instructed to befriend him in order to collect details about the crime from inside the jail cell. In the tape, Bolden recounted scenes from the night of the crime with little to no emotion. The informant that spoke to Bolden has been used by the LAPD in many other similar cases.In the DVD, Bolden revealed details about the crime to the informant and discussed his plans to sell parts from the BMW vehicle for money. He talked at great length about how nice the vehicle was, but did not spend as much time talking about the shootings. He also described seeing the victims’ bodies after they were shot, and consequently fleeing from the scene.Goldman declined to cross-examine Bowe and Carrion.Bryan Barnes, the other suspect in the case, pleaded guilty to two counts of first-degree murder in February and is currently serving two life sentences in prison. Both the suspects were charged with the murders in May 2012.Ming Qu and Ying Wu, the victims, were heading to their home in the early morning of April 11, 2012 when they were both shot and killed while double-parked in a 2003 BMW to the northwest of campus in an apparent robbery attempt.The trial will continue throughout the week, and according to Judge Stephen Marcus, the jury should reach a decision later this week.last_img read more