Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily April 17, 2017 1,079 Views Share Save Tagged with: Economy Fannie Mae Fannie Mae is looking ahead with conservative optimism. While its growth forecast for this year remains at a modest 2 percent, Fannie predicts that the coming two years will also see steady economic and housing growth in its April 2017 Economic and Housing Outlook.One big question mark for the future, including the near future, is the effects of policy changes. But as there have been no major policy shifts under the trump administration so far, Fannie Mae is taking the conservative approach and not altering its forecast.“We continue to await details on the new administration’s plans,” said Fannie Mae Chief Economist Doug Duncan. “We’re intrigued by the disparity between elevated consumer and business optimism and signs of decelerating first quarter economic growth. However, we expect growth to rebound this quarter as special factors that weighed on growth partially unwind.”Duncan said that with the firming of the Fed’s preferred measure of inflation, reduced labor market slack, and the more hawkish tone of the Federal Open Market Committee at its March meeting, “we foresee that the Fed will hike rates two more times this year, in June and September, and announce a change to its reinvestment policy in December.”Overall, Fannie reported, the likelihood of meaningful economic change is low, given the similar unlikelihood of significant policy change. In the meantime, the GSE is watching those aspects of governance and economy that could affect future forecasts‒‒the potential for a government shutdown that Fannie said could hiccup consumer confidence weighed against market indicators that are proving beneficial to consumers.Long-term Treasury yields have trended sideways this year as a result of looming government shutdown, Fannie reported. Rates dipped to the lower-end of a narrow range and weak economic news, along with increased geopolitical risks, have moved long-term interest rates lower. Fannie expects the 10-year Treasury bond yield to finish 2017 at 2.5 percent and increase to 2.6 percent by the end of next year.Fannie’s outlook on employment remains guarded, especially in light of the most recent Bureau of Labor Statistics report on underwhelming job growth in February. The GSE projects unemployment rates to stay flat through next year, around 4.5 percent. The outlook is also cautious about the overall economy. Fannie expects the GDP to drop slightly, from $2.4 trillion to $2.2 trillion by the end of 2018.Housing activity through February fared better than other hard economic indicators, partly due to the warm winter weather, and the ESR group expects that a seasonal uptick in listings going into the spring selling season will help alleviate extremely tight inventory, Fannie reported. Recent declines in mortgage rates may also motivate some homebuyers to enter the market before rates pick up as the Federal Reserve continues to normalize monetary policy. Fannie expects growth in housing starts to increase from almost 10 percent to almost 11 percent between now and 2018. The GSE anticipates new starts to increase steadily over each quarter this year, from the current 843,000 to a year-ending 880,000. Home / Daily Dose / Fannie Is Eyeing the Future Conservatively Previous: Credit Plus Partners With Ellie Mae Next: Senators Push For CDBG Funding The Best Markets For Residential Property Investors 2 days ago Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Economy Fannie Mae 2017-04-17 Seth Welborn Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Print This Post Servicers Navigate the Post-Pandemic World 2 days ago About Author: Scott Morgan The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Fannie Is Eyeing the Future Conservatively The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago
IS IT TRUE we have just been informed that the year long SIGTARP criminal investigation concerning the City of Evansville “Blight Elimination Program” conducted by the Office Of The Special Inspector General is still ongoing? …it looks like the City of Evansville DMD Director didn’t tell members of City Council and his media buddies the real truth about this issue? …we hope that the new owners of the Evansville Courier and Press will demand that their new employees do some serious investigative reporting on this developing story? …if the media will contact the Office Of The Special Inspector General For The Troubled Asset Relief Program located in Washington DC and ask for the Special Agent Investigation Division they could verify if the above statement is correct?IS IT TRUE that yesterdays Donald Trump political gathering was a resounding success? …we predict that Mr. Trump shall win Indiana by a big margin? …we wonder why Mayor Winnecke and Republican party Chairman wasn’t involved in Mr. Trump visit? …the turnout of people from all walks of life indicate they are tied of the political “BULL SHIT”?IS IT TRUE on Tuesday former President Bill Clinton made two stops in Evansville ? …he stopped by the Central Labor Council of Southern Indiana and Penny Lane Coffeehouse? …he had an unannounced private meeting with a couple of local individuals? …some of the individuals who attended this private gathering were: former City Councilman John Friend CPA, former Sheriff and U S Congressman Brad Ellsworth, 8th District Democratic Party Chairman Tony Long, Vanderburgh County Party Chairman Rob Faulkner, and past Democratic Party Chairman Mark Owen, Sherrianne Standley, Democrat State Party Treasurer and Matt Neville Democratic Party employee? …we were told that many present and past office holders were not properly notified about these meetings by Clintons staff? …we hear that many past and present Democratic office holders were extremely disappointed by not being invited to meet the 42nd President of the United States?IS IT TRUE that yesterday Courier & Press includes two separate legal notices telling taxpayers of hearings that City Council will hold at its May 9 meeting? …both notices of additional appropriations from the General Fund was for $128,452 and the other was for $1.7 million? … the additional appropriations request in excess of the budget for the current year? …the legal notices state that “taxpayers appearing at the meeting shall have a right to be heard.” ? …similar appropriations totaling millions from various city funds have already been approved this year with unanimous votes and with very little explanation.? …doesn’t this spending in excess of the approved budget alarm anyone? …doesn’t any taxpayers wonder why this administration is clearly spending outside the approved budget to the tune of millions of dollars? …more importantly why isn’t anyone on City Council concerned about the over spending habits beyond 2016 approved budget? …we wonder why the newly appointed City Council Finance Chairman Dan McGinn hasn’t questioned the excessive pending habits of the Winnecke Administration?FOOTNOTE: Todays “Readers Poll” questions is: Who do you endorse in the Democratic primary race for President?FacebookTwitterCopy LinkEmail
The Defense Ministry is set to renegotiate funding for a joint-development project for jet fighters with South Korea following payment issues on Indonesia’s part.Ministry spokesperson Dahnil Anzar Simanjuntak said in a statement that the government would proceed to the next phase of renegotiations regarding the country’s share of the bill for the development of the Korean Fighter Xperiment/Indonesia Fighter Xperiment (KFX/IFX).“The government is set to renegotiate [Indonesia’s] share of the cost, as well as the project’s sustainability,” Dahnil said on Tuesday as quoted by kompas.com. He added that South Korea had yet to agree on Indonesia’s previously stated terms, which entailed reducing the latter’s share of the development cost to 15 percent from 20 percent.“[Indonesia’s share of the cost] was only reduced to 18.8 percent,” Dahnil added.An anonymous South Korean official previously disclosed that Indonesia was still due to pay the agreed-upon sum of 500 billion won or Rp 6.2 trillion (US$420.2 million) for the KFX/IFX project.South Korea had agreed to renegotiations during President Joko “Jokowi” Widodo’s visit to the country in 2018 but required them to be completed within a year.The project agreement was signed in 2015 and initially the first prototype was scheduled to be produced by 2019. The fifth prototype was expected to be produced at state-owned aircraftmaker PT Dirgantara Indonesia in Bandung. Indonesia initially aimed to make the jet fighters operational by 2025.Indonesia had sought renegotiations because according to the previous provisions, Jakarta would have had to spend hundreds of trillions of rupiah on the project. Indonesia has spent $10 million on the research stage of the project since 2016. (rfa)Topics :
College of the Redwoods is refreshing its athletics logo and the Corsairs want the North Coast’s input.A logo committee comprised of student athletes, coaches, staff and a Board of Trustees member worked for several months to produce options for CR’s new athletics logo.“We wanted a fresh look, more modern yet still honoring our rich athletic history with our community, a logo with movement and of course the redwoods,” said Bob Brown, Director of Athletics & Health, Kinesiology & Physical …
Ray Maota Landmines such as these pictured cause devastation during wars as they do not discriminate between combatants and civilians, who end being dismembered and killed. (Image: Wikipedia) The Husky 2G is used to clear the path of mines for the military and civilian personnel during combat. (Image: RSD) MEDIA CONTACTS • Rolling Stock and Defence Division +27 11 914 1400 RELATED ARTICLES • Swedish army prefers SA vehicle • Two centuries of SA military history • SA provides security to South Sudan • Rooivalk gets its wingsThe locally made Husky 2G Vehicle Mounted Mine Detector (VMMD) has been named one of the top 10 greatest military inventions by the US army, proving that South Africa’s engineering ranks among the best in the world.The recent announcement was made in Washington DC at the annual meeting of the Association of the US Army.A ceremony held during the meeting paid tribute to inventions which have improved the lives of soldiers around the world.Scott Fish, US army chief scientist, commended the inventions and the brains behind them by saying: “They are all driven by a deep desire to make things better and are not satisfied with a concept of utopia. They go beyond that: they make something real and they make it happen now.”Fish compared the inventions to Apple products for their simplicity and ease of use, paying homage to Apple co-founder Steve Jobs, who recently passed away.Addressing delegates at the ceremony, Heidi Shyu, acting assistant secretary of the US army, said: “Anything you do to innovate and help our soldiers is incredibly appreciated by the folks who are deployed. I am so impressed. Thank you for what you do for our soldiers.”Unique detection systemThe VMMD was designed and developed by DCD-Dorbyl’s Rolling Stock and Defence Division.The two-seater vehicle is used to detect and clear the field of mines before army and civilian personnel move in.The Husky 2G is a derivative of the single-seater Husky Mark III, which has been used in combat since the early 1980s. It has helped clear mines in the Balkans, Africa, Asia and the Middle East.According to DCD-Dorbyl’s defence division, what makes the VMMD stand out from other mine-detection systems is its ability to pass over pressure-fused anti-vehicle landmines without detonating them.The system is so durable that in the event of a mine being detonated, any damage can be repaired within two hours.Nearly 400 of these South African-made systems have been used throughout the world in combat situations.Top 10 winnersThe nominations for the best inventions were put forward by veteran combat soldiers.In addition to the Husky 2G, they included: the 5.56mm M855A1 Enhanced Performance Round; 40mm Infrared Illuminant Cartridge; Green Eyes – Escalation of Force Kit Integration with the Crows System; Jackal Explosive Hazard Pre-Detonation System; M240L 7.62mm Lightweight Medium Machine Gun; mCare Project; Dismounted Mortar Fire Control System; RG-31 Robot Deployment System; and the Soldier Wearable Integrated Power Equipment System.The Enhanced Performance Round is a modified type of bullet used by US forces in Afghanistan, which has a larger steel penetrator on its tip.The Infrared Illuminant Cartridge makes it possible to track enemy troops more effectively at night.The Green Eyes technology disturbs an individual’s vision, making driving or aiming a weapon impossible.The Lightweight Medium Machine Gun is a less bulky derivative of the existing M240B machine gun.
Script Ohio Walk Buckeyes FootballOhio State fans may have seen their college football team win the national championship last year, but that doesn’t mean that they aren’t hungry for more this year. One group of Buckeyes supporters is apparently so excited for the upcoming season, they walked 19 miles to prove it.The Ohio State fans, according to a Reddit user named @orweezy, walked for six and a half hours to spell out ‘script Ohio’ on Google Maps. They finished at Ohio Stadium, effectively “dotting the i.” Cleveland.com’s Ari Wasserman tipped us off to the photo.Creative, for sure. If you’re wondering, they plan on biking it next year instead – for obvious reasons.
During the survey, it was found that more than 50 percent responded that it was “important” or “very important” for B.C. to be aligned with neighbouring jurisdictions in its time observance practices.To view the full final report on the daylight saving time public consultation, you can visit the Province’s website. VICTORIA, B.C. – The Province of British Columbia has released its report on the observance of daylight saving time.According to the Government, more than 93 percent of the record 223,273 British Columbians who completed the Province’s survey on time observance have indicated they would prefer a move to permanent daylight saving time.The Government says the desire for a move to permanent DST was consistent throughout the province, with more than 90 percent of respondents in each region indicating their support.
BRUSSELS- The plane crashed and came down ten minutes after take-off near the village of Marchovelette, in south-east Belgium.A small tourist plane carrying parachutists crashed in Belgium on Saturday, killing 11 people aboard.The plane crashed and came down ten minutes after take-off near the village of Marchovelette, 75 kilometers from south-east Belgium.Mayor of the nearby town of Fernelmont, Jean-Claude Nihoul said 10 parachutists and one pilot were killed in the plane crash.Eyewitnesses said the plane lost a wing and hit the ground. Belgian Prime Minister Elio Di Rupo said he shared the sorrow with the families of the victims.