MBS

• NEW YORK, May 08, 2023 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial loans, today reported financial results for the quarter ended March 31, 2023.
• “Our lower-to-middle market multi-family focus provides safety from many of the secular and cyclical changes currently affecting the broader commercial real estate market,” said Thomas Capasse, Ready Capital’s Chairman and Chief Executive Officer.
• In addition, because not all companies use identical calculations, the Company's presentation of Distributable Earnings may not be comparable to other similarly-titled measures of other companies.
• Certain MBS positions are considered to be non-distributable due to a variety of reasons which may include collateral type, duration, and size.

• MCLEAN, Va., May 01, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced enhanced access to Mortgage-Backed Securities (MBS) analytics data through its Clarity Data Intelligence® (Clarity) tool.
• “With Clarity, Freddie Mac MBS investors now have easy, efficient access to critical performance data through the same centralized hub our Credit Risk Transfer (CRT) investors have enjoyed for years,” said Mark Hanson, Senior Vice President for Securitization at Freddie Mac.
• Clarity account holders have the option to choose between CRT or MBS portals.
• Key data on the MBS portal includes:
  The New Daily Prepayment Report, with Cumulative Daily Voluntary Payoffs by Cohort;
  Affordable and Green MBS Issuance Volume; and
  Investors with questions about the MBS portal or Freddie Mac’s mortgaged-backed securities can contact Freddie Mac Investor Relations at [email protected].

• Australia’s Medicare billing system is overly complicated, bureaucratic and not meeting the needs of a modern health service, potentially leaking billions of dollars.
• But claims this loss is mostly due to fraudulent billing practices by GPs are inaccurate.
• Our research team analysed GP activity recorded during almost 90,000 patient encounters to assess how GPs were billing for the services they provided.
• This suggests GPs aren’t routinely defrauding Medicare, and in fact have saved the system equivalent to $351 million in the 2021-22 financial year.

How does Medicare billing work?

• GPs claim a fee for service, called a rebate, which is a fixed amount ascribed on the Medicare Benefits Schedule (MBS), based on the type of service provided.
• GPs can charge for one or more MBS items for a patient service.
• An example of under-billing is when a GP is entitled to claim for a Level C but charges only a Level B.

Examining doctors’ billing in the real world

• The GPs recorded the start and finish time for each visit.
• We decided to examine the billing data following the 7.30 Report/Nine news investigation, but the participants could not have been influenced by these reports as the data we used were collected prior to the ABC/Nine publications.

Why would doctors undercharge?

• A professional services review can be triggered for a variety of reasons, for example, a GP has a higher proportion of longer consultations than might be expected.
• A professional services review involves an audit of the GP’s billing.
• It can potentially lead to a decision that can prevent the GP from being able to bill Medicare.


These responses correlate with the findings from our nationally representative sample, which suggests GPs predominantly act with integrity, but also based on fear and confusion.

Time to reform Medicare billing

• A simplification of the current very complex Medicare billing system would resolve a lot of waste through unintended errors.
• There are bad actors in every profession and those who “game” Medicare should be called out.

• TAMPA, Fla., April 4, 2023 /PRNewswire/ -- The DoubleLine Mortgage ETF (Symbol: DMBS) and the DoubleLine Commercial Real Estate ETF (DCMB), exchange-traded funds invested in fixed income securities actively managed by DoubleLine, began trading today on the NYSE Arca exchange.
• "We are pleased to deliver these two unique exchange-traded funds to the marketplace as DoubleLine continues to broaden our ETF offerings to our valued clients," DoubleLine President Ron Redell said.
• The Mortgage ETF invests primarily in high-quality residential mortgage-backed securities (RMBS), allocating between government-backed Agency mortgage-backed securities (MBS) and non-Agency MBS.
• The objective of the DoubleLine Commercial Real Estate ETF (or "Commercial Real Estate ETF") is to seek current income and capital preservation.