Another Issuance of ‘Green’ Mortgage-Backed Securities

first_img in Daily Dose, Featured, Government, News Related Articles In a new Perspectives blog, Fannie Mae announced the issuance of its sixth Single-Family Green mortgage-backed securities (MBS) transaction backed by loans financing newly constructed, energy efficient homes.The new transaction totaled $7.9 million, which brings the total for the Single-Family Green MBS issuances to $50 million. Fannie Mae began these issuances on April 22—the date was chosen to commemorate the 50th anniversary of Earth Day—and the transactions have ranged in size from $6 million to $11.5 million.All of the mortgage loans involved in the Single-Family Green MBS transactions were originated by DHI Mortgage, the mortgage finance arm of home builder D.R. Horton Inc., and Eagle Home Mortgage, the mortgage finance arm of home builder Lennar Corp. Fannie Mae stated it was seeking to expand the program to include mortgage loans from additional lenders.“This offering is the latest step in a journey—begun a decade ago when we introduced green financing to the multifamily market—that increasingly ties Fannie Mae’s business activities to measurable Environmental, Social and Governance (ESG) outcomes,” said Renee Schultz, SVP for Capital Markets, who noted Fannie Mae’s multifamily business “has issued $75 billion of green MBS, making us the largest green bond issuer worldwide.”Schlutz added that Fannie Mae planned to continue the program in order to “meet investor demand for securities tied directly to improved energy efficiency in housing and strengthen Fannie Mae’s leadership in green financing globally.”The program’s transactions exclusively focus on mortgage loans backed by newly built single-family residential homes with ENERGY STAR certifications that either meet or surpass the national program requirements for ENERGY STAR Certified Homes. The government-sponsored enterprise stated future issuances may include other energy-efficient new construction standards that will meet or exceed those of ENERGY STAR Certified Homes, Version 3.0. Fannie Mae has partnered with the engineering consulting film PEG LLC to ensure all of the properties underlying the MBS received the ENERGY STAR certification. Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Another Issuance of ‘Green’ Mortgage-Backed Securities Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Phil Hall is a former United Nations-based reporter for Fairchild Broadcast News, the author of nine books, the host of the award-winning SoundCloud podcast “The Online Movie Show,” co-host of the award-winning WAPJ-FM talk show “Nutmeg Chatter” and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill’s Congress Blog and Profit Confidential. His real estate finance writing has been published in the ABA Banking Journal, Secondary Marketing Executive, Servicing Management, MortgageOrb, Progress in Lending, National Mortgage Professional, Mortgage Professional America, Canadian Mortgage Professional, Mortgage Professional News, Mortgage Broker News and HousingWire. Previous: FHFA Director Calabria Testifies About Pandemic Response Next: Mortgage Connect Earns Place on Financial Services List 2020-09-16 Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Phil Hall Sign up for DS News Daily Subscribe Another Issuance of ‘Green’ Mortgage-Backed Securities Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago September 16, 2020 1,863 Views last_img read more

Finance workers swamp union’s recruitment site

first_img Comments are closed. Related posts:No related photos. The first recruitment website designed specifically for union members hasbeen set up by banking and finance union Unifi. The system allows candidates to apply directly online, using standard orcustomised electronic application forms, and within 24 hours of its launch, hadattracted more than 100 candidate registrations. Unifi spokeswoman Dai Davies said that currently there are less promotionopportunities appearing within companies, prompting the union’s members to lookelsewhere for employment. She said the system allows employers to compare and manipulate candidatedata, leading to faster and more accurate recruitment. A joint venture with e-recruitment company the Internet Corporation, Unifihopes the site – unifi4jobs.com – will create a de facto community for financeworkers and prospective employers. Davies said: “Unifi is taking the lead in what we believe will be thepattern for all industries.” www.unifi.org.uk Previous Article Next Article Finance workers swamp union’s recruitment siteOn 25 Feb 2003 in Personnel Todaylast_img read more

British Society of Baking golf day tees off on 29 May

first_imgThe British Society of Baking (BSB) will hold its annual golf day on Wednesday 29 May at the Forest of Arden Hotel and Country Club in Meriden, Warwickshire.Teams of four will compete, with a shotgun start tee-off at 12.30pm, and will play 18 holes of golf over the Arden course. There will be team and Individual prizes, including the ‘BSB’, ‘Rosebowl’ and ‘Veteran’ trophies.Spa and treatments are available for non-golfers.The day is rounded off with a three-course gala dinner and after-dinner entertainment from comedian and impressionist Aaron James.The BSB golf day started in 1990 as a social event for society members and guests.Tickets for the 2019 golf day are available now from Keith Houliston at [email protected]last_img