Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Print This Post Subscribe in Daily Dose, Featured, Headlines, Market Studies, News Related Articles Tagged with: RMBS The Kroll Bond Rating Agency released a report predicting the effects on residential mortgage-backed securities in light of the looming Fed rate hike, which now has a predicted probability of 46.7 percent, an increase from last week’s prediction of 26.9 percent. Kroll does believe that the effects from Hurricane Harvey and Hurricane Irma will have temporary effects on the RMBS market.Rising rates, however, will have an effect on the housing market. The report predicts that increased interest rates will lower the number of mortgage originations, as well as mortgage refinancing, as higher rates make both the former and the ladder less attractive for potential and current consumers. Mortgage originations have fallen 9 percent year-over-year, according to data released by the MBA. Refinances have also declined 33 percent year-over-year.Yet, even with fewer originations, issues of RMBS will continue to rise, according to the report. Through August, total RMBS accounts for $19.6 billion, which is an increase of 54 percent year-over-year. They expect—given outstanding deals that are not yet finalized—an additional $9.1 billion to be added to that figure by year’s end.If Kroll’s outlook proves to be correct, the company says 2017 will be the most lucrative year since the housing crisis in 2008, surpassing 2015’s record. The report says, “despite our expectations for constrained mortgage production to continue next year, primary market activity should remain healthy, led by a rise in private label securitization (PLS) issuance.”Further, PLS will be driven by positive pricing in securitization. Some institutions are shifting their focus away from exclusivity with non-conforming loans to jumbo and high-balance conforming loans, which aid in the growth of the market. The report expects a similar situation going into 2018, so long as the market stays its course.You can read report in its entirety, here. Previous: The Week Ahead: The Five Star Conference and Expo Next: Mortgage Contracting Services Celebrates 5-Year Anniversary in Ruston, Louisiana Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Despite Predicted Rate Hike, RMBS Outlook Remains Strong RMBS 2017-09-18 Joey Pizzolato The Best Markets For Residential Property Investors 2 days ago About Author: Joey Pizzolato The Week Ahead: Nearing the Forbearance Exit 2 days ago Despite Predicted Rate Hike, RMBS Outlook Remains Strong Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago September 18, 2017 1,575 Views Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago
Indianapolis, In. — The DNR will have a strong presence at the Indianapolis Boat, Sport and Travel Show, Feb. 15-24, at the Indiana State Fairgrounds.The show is presented by Renfro Productions and opens at 1 p.m. Friday, Feb. 15.The DNR’s main location is in Tackle Town, in the Blue Ribbon Pavilion. The booth is a convenient one-stop shopping opportunity for licenses, state park passes, lake-use permits, Outdoor Indiana magazine, and a State Parks GO! (Get Outside) promotion.Biologists and Go FishIN volunteers will be on hand throughout the show to share fishing stories and hot spots, answer questions about aquatic invasive species, and share opportunities to learn and volunteer.The Live Birds of Prey from Hardy Lake’s Dwight Chamberlain Raptor Center will be presented Feb. 16 and 25, from 10 a.m. to 4 p.m. A “Snakes Alive, Snake Buffett” from O’Bannon Woods State Park will be offered Feb. 17 and 24 during roughly the same hours.Members of the Indiana Conservation Officers K-9 team will be offered Feb. 24, from 11 a.m. to 3 p.m. The public will have an opportunity to interact with the officers and their K-9 partners. All times are subject to change.
In the months following his junior season with the Baldwinsville baseball team, pitcher Jason Savacool would test himself against national and international competition, earning plenty of accolades along the way.And those accolades continued even though Savacool never had a chance to take to the mound this spring.It was announced on Thursday, May 21 that Savacool was chosen as Gatorade’s New York Baseball Player of the Year, weeks before he finds out if he will get chosen in the Major League Baseball Draft. Savacool was the top returning senior in Section III baseball going into 2020, but the COVID-19 pandemic closed schools in mid-March and for the rest of the academic year.Having signed his letter of intent to attend the University of Maryland, Savacool might still go to College Park, but those plans could change on June 10-11, when MLB holds its draft.If it were a typical year, Savacool would expect to be drafted in one of 40 rounds. However, in a cost-cutting move related to the COVID-19 pandemic, MLB shortened the draft to five rounds.Savacool said that, were he to be drafted, it would take a specific signing bonus for him to alter his plans of going to Maryland. Once in college, he would have to wait three years before getting another chance at the draft in 2023.Share this:FacebookTwitterLinkedInRedditComment on this Story A true student-athlete, Savacool earned a 4.0 grade point average during his senior year at C.W. Baker High School while also scoring a 1,500 on his SATs.And all this came despite Savacool missing the beginning of the school year, for he was in Gijang, South Korea, competing with USA Baseball’s 18-and-under national team at the World Baseball/Softball Confederation World Cup. Savacool helped Team USA to a second-place finish.He had earned his spot on the team through a summer of 2019 spent in Major League Baseball’s Prospect Development Pipeline League, where he stood out during camps in Florida and California and, in between, traveled to Cleveland for a prospects game during MLB’s All-Star festivities. Tags: BaldwinsvilleBaseballjason savacool