September 2, 2015Welcome to the August 27. 2015 workshop participants.from left: Michael Rosati II [seminar week]Laura Villa Baroncelli from France [seminar week]Ryan David Erica Qualizza from Italy [seminar week]Felipe Fierro from ColumbiaNick Skinner [scholarship][photo by Sue Kirsch]
Share The U.S. Department of Housing and Urban Development (HUD) announced initiatives to reduce associated risks with cash-out refinance lending. Changes are aimed to help preserve the homeowners’ ability to convert home equity to cash through government-sponsored mortgages, but also improves the risk profile of HUD’s housing finance programs. The Federal Housing Administration (FHA) will lower its maximum loan-to-value (LTV) requirements for cash-out refinance transaction from 85% to 80%. Changes to the policy will be effective for loans with cash-out LTV allowed by the GSEs. Also, Ginnie Mae is taking further action to manage risks associated to “loan churning” among mortgages insured by the VA. HUD states that serial refinancing has proved to deplete home equity and wealth for veterans with VA-insured mortgages and harmed investor confidence in mortgage-backed securities guaranteed through Ginnie Mae. “We are taking another important step to support sustainable homeownership that builds wealth for families,” said FHA Commissioner Brian Montgomery. “This is a prudent measure to make certain that we protect and preserve the home equity borrowers are building for their futures and guard against taxpayer losses from the FHA program.”Acting Ginnie Mae President Maren Kasper said the changes reaffirm the GSEs commitment to ensuring the agency’s policies allow homeowners to borrow properly. “Additionally, this policy provides global investors with increased certainty in the performance of the Ginnie Mae security, which ultimately lowers mortgage rates for all borrowers served by our program,” Kasper said. Taking advantage of the low mortgage rates in today’s market means big money for those who refinance. A report by CNBC in July revealed that the average borrower could save about $266 per month, which could bring potential savings to about $2.2 trillion. Those eligible for refinancing increased by 6.3 million since last November when rates were more than 5%. CNBC stated that about 1.5 million borrowers, or roughly 35% of those who took out loans last year, could benefit from lower mortgage rates and refinancing. cash-out refinance FHA HUD 2019-08-01 Mike Albanese HUD, FHA Partner to Reduce Risks From Refis 22 hours ago 94 Views in Daily Dose, Featured, Government, News, Secondary Market
HBO Nordic and Turner EMEA have joined forces to create Toonix, a kids-focused OTT service.Toonix is a new brand Turner EMEA has created for the 3-12s market.The service brings together Time Warner-owned sister companies HBO and Turner. Leading Turner execs are known to have been keen on closer cooperation for some years.Toonix will offer existing HBO Nordic SVOD customers more than 2,000 episodes at launch, with all shows ad-free and localised in Swedish, Danish, Norwegian and Finnish.The content will come from Turner’s Cartoon Network Studios, Warner Bros. Animation and third party distributors.Turner shows will include The Amazing World of Gumball, Lego Ninjago, Looney Tunes, The Powerpuff Girls, Adventure Time, Ben 10, Scooby-Doo and Tom and Jerry.Preschool shows Shaun the Sheep, Alfie Atkins, My Little Pony, Pippi Longstocking, Bamse, Rasmus Klump and The Moomins are among the third party acquisitions, along with live-action series such as Dance Academy and family movies such as Arthur and the Mimimoys and Mr. Magorium’s Wonder Emporium.“At Turner we are constantly seeking new ways to engage with our fans, building on our leadership in premium content creation across kids, news, movies, general entertainment and sports, and expanding our options to curate and distribute our branded content,” said Giorgio Stock, president of Turner EMEA.“We’re delighted to be partnering with HBO Nordic to start this flagship kids and family focused OTT venture, which represents a significant and exciting newmilestone in our ability to provide our fans with a trusted, bespoke, rich and immersive user offering.”“Thanks to our cooperation with Turner, we are very pleased that we can now offer our subscribers in Sweden, Denmark, Norway and Finland a brand-new kids and family section,” said Hervé Payan, CEO of HBO Europe, whose operation houses HBO Nordic.He added that HBO Nordic now “provides subscribers a complete selection of the best premium content of series and films for the entire family”.HBO has operated an SVOD service in the Nordics since 2012 and last year expanded into Spain, while Turner has been experimenting with OTT offers such as the sports-focused US service it announced in August.