New Report Says 2013 GSE Revenue ‘Will Not be Repeated’

first_img The Best Markets For Residential Property Investors 2 days ago Strong fourth-quarter 2013 earnings by Freddie Mac capped a year of unprecedented financial gains for the government-sponsored enterprises (GSEs), but reflect several one-time items, according to a release issued by Fitch Ratings.Fitch comments, “While results of the type posted in 2013 will not be repeated, Fitch Ratings expects increased guarantee fees (g-fees) and improving mortgage credit quality to support continued profitability for the GSEs this year.”The dividends paid by both Fannie and Freddie total $15.4 billion more than total Treasury draws, with no mechanism currently in place to reduce the amount of senior preferred stock outstanding.The release notes the substantial 2013 revenue brought in by the two companies was not likely to be repeated, due to “significant nonrecurring items related to deferred tax allowance (DTA) valuation reversals, private label RMBS lawsuit settlements, increased representation and warranty settlements, and sizeable decreases in loan loss reserves, which were mainly driven by improvements in the housing market and better asset quality.”Fitch believes that net income will shrink in 2014, as mandated reductions in GSE on-balance sheet assets will push spread income downwards.The Treasury is expected to draw more frequently, according to Fitch Ratings, due to the GSE’s capital reserve buffers being reduced.”The buffers dropped from $3.0 billion in 2013 to $2.4 billion in 2014 for each of the GSEs and will eventually be reduced to zero by 2018,” Fitch said.The remaining availability under the Treasury agreement for Fannie Mae is $117.6 billion. Freddie Mac’s availability is slightly higher at $140.5 billion.The release noted that the settlement of legal claims could remain a potential source of earnings in 2014, although lower than earnings from settlements in 2013. Tagged with: Earnings Fannie Mae Fitch Ratings Freddie Mac Earnings Fannie Mae Fitch Ratings Freddie Mac 2014-03-03 Colin Robins New Report Says 2013 GSE Revenue ‘Will Not be Repeated’ The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Home / Daily Dose / New Report Says 2013 GSE Revenue ‘Will Not be Repeated’ Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. Demand Propels Home Prices Upward 2 days ago  Print This Post Sign up for DS News Daily Related Articlescenter_img Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Mortgage Markets Today: Whole Loan Trading Trends Next: January Construction Spending Up .1% from December About Author: Colin Robins Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, Headlines, Market Studies, News Demand Propels Home Prices Upward 2 days ago March 3, 2014 730 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

No time for tears

first_img Circuit Judge Thomas Head has worked with Peacock at the Pike County Courthouse for 24 years and six years prior to that at the DA’s office.“Brenda Peacock is probably the single most dedicated public servant that I know,” Head said. “She makes us all proud because she sets the standard – sets the bar – for all elected officials. She will be missed and she cannot be replaced. And those are not just words. They are the truth.”Jamie Scarbrough has been in the circuit clerk’s office for 15 years and will step into Peacock’s shoes.“I’m confident that I can do the job but the hardest thing – the thing that scares me the most – is trying to fill the shoes of someone who is loved by everybody,” Scarbrough said. “Brenda is such an exceptional woman. She is not the average politician. She doesn’t put on airs. She’s just who she is and that’s what makes her so exceptional.” Brenda Peacock fought back tears at her retirement celebration on Friday afternoon, as did the hundreds of well-wishers who came to the Pike County Courthouse to honor her. Joyous moments marked the event, as well, including a dousing with “water” from a deputy in the clerk’s office. (Photo/Jaine Treadwell)Brenda Peacock said she wouldn’t cry when she stepped down as Pike County’s circuit clerk on Friday. She almost didn’t.Peacock held back tears as she expressed appreciation to the “girls” in the circuit clerk’s office who “have made me look better than I am.”“I will be eternally grateful to my ‘sisters,’” Peacock said. “And to all of the people at the Courthouse. It has been my second home. I’ve been here since I was 17 years old, and it’s been fun.” Troy falls to No. 13 Clemson Latest Stories Pike County Sheriff’s Office offering community child ID kits No time for tears Plans underway for historic Pike County celebration Published 9:03 pm Friday, October 15, 2010 The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Print Article Remember America’s heroes on Memorial Day By Jaine Treadwell You Might Like Work shed fire sounds like ‘cannon going off’ A firefighter adjusts his position while fighting a fire on County Road 1107 in rural Pike County. (Messenger Staff Photo/Thomas… read more Email the author With a smile, Troy Mayor Jimmy Lunsford said Peacock is just another example of the “exceptionally” good stock that comes from the Needmore community, which is the mayor’s home place.“We are proud of Brenda and proud for her that, at such a young age, she can retire and enjoy her grandkids and life,” he said. “She has done a super job as our circuit clerk and we want to congratulate her on a job well done.”Revenue Commissioner Curtis Blair said Peacock is a stone – yet a happy one.“We have worked together for 32 years and every day has been a pleasure,” Blair said. “Brenda is a team player and everyone enjoys working with her because she is always happy and can always be counted on. She’s is a stone in the circuit clerk’s office.”Lt. Bob Williamson of the Pike County Sheriff’s Department echoed Blair’s sentiments about Peacock.“Back when we had to take warrants to Brenda’s house on Saturday mornings for her to sign, she was always smiling and she wouldn’t let us leave without giving us a jar of blueberry jelly,” Williamson said. “That’s just the kind of person she is.”Sonny Schrieber, an investigator with the Troy Police Department, said simply that Peacock is a “doll.”“Brenda is always smiling,” he said. “It doesn’t matter when she’s called out, Saturday, Sunday or in the middle of the night. She is always willing to do what has to be done. And she is a true advocate for victims. There’s nothing bad that can be said about Brenda Peacock. She’s a true friend and I hate to see her go.”Peacock has been a “big sister” to Pike County Sheriff Russell Thomas and serving with her has been “an honor and privilege,” he said.“I’ve learned a lot about the law from her but there are two things that I especially admire about Brenda,” Thomas said. “First, it’s her love of family. She always puts her family first and then it’s her desire to do the best job possible. Brenda exemplifies what public service is all about. When you needed her, she was always accessible. She’s fair and honest. She’s one of a kind and she will truly be missed.”Scarbrough will be sworn in as Circuit Clerk at 8:30 a.m. Monday. Sponsored Content Skip By The Penny Hoarder Book Nook to reopen Peacock thanked all of those at the Courthouse who have made her job such a pleasure and to the people that she has served.“The people of Pike County should be proud of the Courthouse because it is the best,” she said. “And, the people of Pike County are the best.”But on Friday, Oct. 15, 2010, it was the retiring circuit clerk who was deemed “the best ever” by all those who packed the Pike County courtroom for the reception in her honor, from the niece who hugged her knees to the deputy who doused her with “fake” water and the circuit judges who hold her in such high esteem. Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthTop 4 Methods to Get Fortnite SkinsTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Local buyers snap up Gold Coast mansion for $5.7 million before auction

first_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:44Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:44 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow to bid at auction for your dream home? 01:45 The staircase is a statement feature. More than 50 people inspected the property.He conducted 52 inspections during the month he was marketing the property and fielded three substantial offers ahead of auction.“The buyers are local Gold Coast business people and they are thrilled at securing such a landmark property,” he said.“They were particularly drawn to its contemporary design built over four-levels, providing incredibly spacious living. “The home is beautifully positioned on the very still section of Nerang River, boasting a wide-water aspect and uninterrupted city skyline views.”More from news02:37International architect Desmond Brooks selling luxury beach villa12 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoThe statement residence has five bedrooms, seven bathrooms and a range of luxury features.A theatre room, gym, steam room, wine cellar, marble bar as well as a plunge and lap pool are among its standouts. MORE NEWS: Imagine living at a resort MORE NEWS: Home of a legend up for grabs The front entrance will leave you gaping. The buyers will never need to go to the cinema again with this media room.From its soaring front entrance to its curved feature staircase, every inch of the house has a cutting-edge style.Seller Kevin Chatfield told the Bulletin in February he loved living in the house with wife Vicki and had only decided to sell so they could move into an apartment that would support their travelling lifestyle.“My wife and I are mad boaters and we had a couple of different boats moored on the river side behind our home,” Mr Chatfield said.“I worked from home a lot and my study looked straight across the pool and onto the river. I loved that view.“We also really liked the (top level) bar area. The mansion at 34 Admiralty Drive, Paradise Waters sold for $5.7 million before auction.A LOOMING auction was enough to spark some local buyers into action and put up more than $5 million for a towering riverfront mansion in a ­prestige enclave of Surfers Paradise. The four-storey Paradise Waters residence on Admiralty Drive was snapped up before it was due to go under the hammer last Thursday.The buyers forked out $5.7 million to secure the property.While it had been on the market for almost a year with various agencies, Ray White Prestige agent Jackson Paradise handled the sale. The house towers four storeys above its Admiralty Drive block. Even the pool has a view of the city skyline. The agent received three offers ahead of the auction. “It has amazing 360 degree views of Surfers Paradise, which is fantastic both daytime and even more at night.“(It’s a) great place for both small or large groups for entertaining both inside and out.”Ray White Surfers Paradise chief executive Andrew Bell said the sale highlighted the resilience of prestige homes during a period when the market was steadying.“This recent sale adds to a stable of high-end prestige sales that we have been able to secure for our sellers,” he said“We are confident that our tailored marketing is reaching the right type of buyers in this current market.“What we do know is that when properties are correctly priced to the market, there is no shortage of buyers.”last_img read more