GSE

Enact Completes Sixth Mortgage Insurance Linked Note Credit Risk Transaction as Part of its Diversified Credit Risk Transfer Program

Retrieved on: 
星期三, 十一月 15, 2023
ACT, Security (finance), Annual report, Government, Insurance, Federal Housing Administration, Triangle, ILN, GSE, Fannie Mae, Uncertainty, CRT, Communication, Risk, Freddie Mac, Failure, COVID-19, Enactment

This ILN transaction provides coverage on a portfolio of existing seasoned mortgage insurance policies written from July 1, 2022 through June 30, 2023.

Key Points: 
  • This ILN transaction provides coverage on a portfolio of existing seasoned mortgage insurance policies written from July 1, 2022 through June 30, 2023.
  • Triangle Re 2023-1 funded its reinsurance obligations by issuing four classes of mortgage ILNs, which have a 10-year legal maturity and a 5-year call option to qualified institutional investors in an unregistered private offering.
  • The ILNs are non-recourse to Enact Holdings, Inc., or its subsidiaries and affiliates.
  • Our forward-looking statements contained herein speak only as of the date of this press release.

Milliman analysis: Mortgage default risk increases slightly alongside decrease in home price appreciation

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星期二, 十二月 5, 2023
Finance, Consulting, Professional Services, Residential Building & Real Estate, Construction & Property, MMDI, Milliman, Risk, GSE, Credit

Milliman, Inc., a premier global consulting and actuarial firm, today announced the third quarter (Q3) 2023 results of the Milliman Mortgage Default Index (MMDI), which shows Milliman’s latest monthly estimate of the lifetime default risk of U.S.-backed mortgages.

Key Points: 
  • Milliman, Inc., a premier global consulting and actuarial firm, today announced the third quarter (Q3) 2023 results of the Milliman Mortgage Default Index (MMDI), which shows Milliman’s latest monthly estimate of the lifetime default risk of U.S.-backed mortgages.
  • Mortgage default risk increased to 3.10% for loans acquired in Q3 2023, compared to 3.03% for loans acquired during Q2 2023.
  • A projected decrease in home price appreciation has caused the slight increase in default risk for 2023 Q3.
  • Looking at the components of default risk over 2023 Q3, the economic risk for GSE loans increased quarter over quarter, from 1.54% in 2023 Q2 to 1.64% in 2023 Q3.

Rapidio Announces the First Component of its FlexStack Component System™ to Streamline Income Calculation & Eligibility Assessment

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星期一, 十一月 27, 2023
Data Management, Technology, Consumer, Residential Building & Real Estate, Mobile, Wireless, Construction & Property, Security, Small Business, Other Professional Services, Legal, Finance, Fintech, Consulting, Artificial Intelligence, Banking, Accounting, Professional Services, Other Consumer, Entrepreneur, Other Technology, Software, Internet, Instacart, Risk, DoorDash, Uber, FHA, GSE, Document classification, Microsoft, W2, Classification, Life insurance, Insurance, RapidIO

Rapidio , a pioneer of mortgage underwriting technology, officially announced the first component of its FlexStack Component System™: Income Assessment.

Key Points: 
  • Rapidio , a pioneer of mortgage underwriting technology, officially announced the first component of its FlexStack Component System™: Income Assessment.
  • Income Assessment is an automated income verification feature that makes the process quick and hassle-free, ensuring accuracy and reducing processing time.
  • By removing the hassle and errors from income calculation and validation, Rapidio can seamlessly manage complex scenarios associated with the current economy.
  • The latest Income Assessment component provides income calculation and eligibility for different scenarios, including W2 and Self-Employed Income, as well as less common scenarios like rental properties, foster care, child support, tips, automobile allowance, and more.

Flux Power Fiscal Year 2024 First Quarter Financial Results

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星期四, 十一月 9, 2023
Alternative Energy, Energy, Batteries, Technology, Other Energy, Webcast, EBITDA, Carbon, Research and development, Delta Air Lines, Silicon, Administration, Depreciation, Probability, Propane, OEM, Ground support equipment, GSE, Growth, Bank, Coal, Cryptocurrency

Gross profit for the fiscal first quarter of 2024 increased to $4.3 million compared to a gross profit of $3.9 million in the fiscal first quarter of 2023.

Key Points: 
  • Gross profit for the fiscal first quarter of 2024 increased to $4.3 million compared to a gross profit of $3.9 million in the fiscal first quarter of 2023.
  • Gross margin increased to 29% in the fiscal first quarter of 2024 as compared to 22% in the fiscal first quarter of 2023.
  • Research & Development expenses increased to $1.3 million in the fiscal first quarter of 2024, compared to $1.2 million in the fiscal first quarter of 2023, primarily due to higher staff related expenses.
  • Net loss for the fiscal first quarter of 2024 was $2.1 million, similar to the fiscal first quarter of 2023, with nominal improvement principally reflecting increased gross profit, offset by increased operating expenses and interest expense.

Optimal Blue Originations Market Monitor: November Brings Long-Awaited Shift in Direction for Mortgage Rates, Significant Decline in Average Purchase Price

Retrieved on: 
星期二, 十二月 12, 2023
Federal Open Market Committee, GSE, Treasury, ARM, USDA, FHA, Gasoline, Television, Auction, Drug

PLANO, Texas, Dec. 12, 2023 /PRNewswire-PRWeb/ -- Today, Optimal Blue announced the release of its Originations Market Monitor report, looking at mortgage origination data through November month-end. Leveraging daily rate lock data from the Optimal Blue PPE – the industry's most widely used product, pricing, and eligibility engine – the Originations Market Monitor provides a comprehensive and timely view into origination activity.

Key Points: 
  • Optimal Blue released its November Originations Market Monitor, with data showing a 10% drop in lock volume month over month.
  • The Optimal Blue Mortgage Market Indices (OBMMI) 30-year conforming rate dropped 67 bps in November, finishing the month at 7.11%.
  • The Optimal Blue Mortgage Market Indices (OBMMI) 30-year conforming rate dropped 67 basis points (bps) in November, finishing the month at 7.11%.
  • View the Optimal Blue Originations Market Monitor report for more details on November's activity: https://www2.optimalblue.com/OMM-Report-November-2023
    Nothing herein shall be construed as, nor is Optimal Blue providing, any legal, trading, hedging, or financial advice.

Mercury GSE Elevates Ground Support for the Asia-Pacific Economic Cooperation (APEC) Conference in San Francisco

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星期四, 十一月 30, 2023
GPU, Safety, San Francisco International Airport, Diplomacy, APEC, Conference, Asia-Pacific Economic Cooperation, Chills, Aircraft, Mercury, GSE, Transport

LOS ANGELES, Nov. 30, 2023 /PRNewswire/ -- Mercury Ground Support Equipment (GSE), a leading provider of high-quality ground support equipment, played a pivotal role in supporting the recent Asia-Pacific Economic Cooperation (APEC) Conference which was held last week in San Francisco.

Key Points: 
  • LOS ANGELES, Nov. 30, 2023 /PRNewswire/ -- Mercury Ground Support Equipment (GSE), a leading provider of high-quality ground support equipment, played a pivotal role in supporting the recent Asia-Pacific Economic Cooperation (APEC) Conference which was held last week in San Francisco.
  • This prestigious event welcomed world leaders and Mercury GSE provided essential ground support equipment at San Francisco International Airport to ensure the seamless operation of ground services.
  • Mercury GSE supplied Alliance Ground International, a leading ground handling service provider, with a comprehensive range of ground support equipment, including cargo loaders, pushback tractors, and GPU's (Ground Power Units) that met the exacting standards required for the APEC Conference.
  • For more information about Mercury Ground Support Equipment and its role in supporting the APEC Conference, please visit mercurygse.com or contact [email protected] or 1.866.204-3004.

Ascent Software Group Announces Acquisition of Value Acceptance

Retrieved on: 
星期二, 十一月 28, 2023
ASG, Acquisition, Entrepreneurship, GSE, Artificial intelligence, Marketing, Data collection, Partnership, Growth, PDC, Ascent, Retail, Jaro, Lidar

ALPINE, Utah, Nov. 28, 2023 /PRNewswire/ -- Ascent Software Group™ (ASG), the rapidly growing appraisal software company behind Jaro™, the industry's leading end-to-end suite of appraisal-focused products, has announced its acquisition of Value Acceptance (VA), a technology developer dedicated to enhancing and modernizing the property service industry's products and infrastructure. This partnership enhances ASG's ability to provide innovative valuation products and solutions, strengthening its position as a market leader in the appraisal technology industry.

Key Points: 
  • ALPINE, Utah, Nov. 28, 2023 /PRNewswire/ -- Ascent Software Group™ (ASG) , the rapidly growing appraisal software company behind Jaro™, the industry's leading end-to-end suite of appraisal-focused products, has announced its acquisition of Value Acceptance (VA), a technology developer dedicated to enhancing and modernizing the property service industry's products and infrastructure.
  • Value Acceptance's first-in-industry technology is the result of a multi-year effort in using LiDAR and augmented reality to deliver the best floor plan technology on the market.
  • Combining forces with Jaro and Ascent means we can 10x our impact and drive appraisal modernization forward as a team," Tom Spencer, Co-Founder and Head of Sales and Marketing at Value Acceptance said.
  • "The Value Acceptance team is a pioneer in LiDAR, artificial intelligence, and prop tech.

Airport Ground Support Equipment Global Market Trends and Key Opportunities: Growing APAC Aviation, Automation and Advanced GSE Software and Clean-energy GSE Units

Retrieved on: 
星期三, 十一月 22, 2023
GSE, Investment, Growth, Air travel, COVID-19, Airport, Airline

DUBLIN, Nov. 22, 2023 /PRNewswire/ -- The "Global Airport Ground Support Equipment Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Nov. 22, 2023 /PRNewswire/ -- The "Global Airport Ground Support Equipment Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
  • This analytics tracks the current state of the airport ground support equipment (GSE) manufacturing market to understand how airports are strategizing to optimize their overall operations and reduce emissions.
  • The study explores some strategies and best practices from leading global airports and analyzes the market for GSE in 6 regions and 5 airport tiers, based on annual passenger traffic.
  • How has COVID-19 impacted the overall airport industry and its direct implication on the airport GSE market?

The National Association of Mortgage Brokers Encourages the FHA to Modify Its Life-Of-Loan Premium Policy

Retrieved on: 
星期一, 十一月 20, 2023
Presidency of Joe Biden, MIP, Policy, Mortgage broker, Mortgage Bankers Association, Life, Insurance, GSE, National Association, FHA, Social media, American Bankers Association, Human, Education, Real estate

WASHINGTON , Nov. 20, 2023 /PRNewswire-PRWeb/ -- The National Association of Mortgage Brokers (NAMB), the voice of the mortgage industry representing the interests of mortgage professionals and home buyers for 50-years, encourages the FHA and Biden Administration to end its Life-of-Loan Premium Policy.

Key Points: 
  • WASHINGTON , Nov. 20, 2023 /PRNewswire-PRWeb/ -- The National Association of Mortgage Brokers ( NAMB ), the voice of the mortgage industry representing the interests of mortgage professionals and home buyers for 50-years, encourages the FHA and Biden Administration to end its Life-of-Loan Premium Policy.
  • "Immediately ending the FHA life-of-loan premium policy is an urgent matter which elected officials in Washington D.C. should address promptly to bring relief to borrowers across the United States," said Valerie Saunders, NAMB President.
  • "FHA policy should be aligned with similar policies adhered to by the GSEs.
  • The National Association of Mortgage Brokers has been the voice of the mortgage industry representing the interests of mortgage professionals and homebuyers since 1973.

SOUTHWEST AIRLINES ANNOUNCES NEW ENVIRONMENTAL SUSTAINABILITY GOALS ON ITS PATH TOWARD NET ZERO CARBON EMISSIONS BY 2050

Retrieved on: 
星期三, 十一月 15, 2023
Carbon, Southwest Airlines, Plastic, NYSE, Organization, Supplier Code of Conduct, Recycling, Boeing, Air travel, X-66, Global warming potential, NASA, Research, SAF, Increment, Customer, Airport, Silent Scope 2, Ministry of Energy, ESG, GSE, Paris Agreement, National Aeronautic Association, SEAL, General Electric, Environment, Nonstop, Airline, Natural gas, Fossil fuel, Coal, DALLAS, Points of the compass

DALLAS, Nov. 15, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today announced an updated sustainability strategy, Nonstop to Net Zero, which outlines the carrier's path toward its goal of achieving net zero carbon emissions by 2050 and supporting a more sustainable future for air travel. As part of the carrier's more holistic approach toward sustainability, it has established carbon, circularity1, and collaboration as strategic pillars to guide its ongoing strategy.  

Key Points: 
  • Carrier updates sustainability strategy to focus on carbon, circularity, and collaboration
    DALLAS, Nov. 15, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) today announced an updated sustainability strategy, Nonstop to Net Zero, which outlines the carrier's path toward its goal of achieving net zero carbon emissions by 2050 and supporting a more sustainable future for air travel.
  • As part of the carrier's more holistic approach toward sustainability, it has established carbon, circularity1, and collaboration as strategic pillars to guide its ongoing strategy.
  • Southwest's new goals complement the carrier's existing sustainability plans of:
    Achieving net zero carbon emissions by 2050.
  • 7 Net zero is determined by a fuel with a carbon intensity of zero (0) gCO2e/MJ or lower on a lifecycle basis.