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Fannie Maes Book of Business Shows August Growth

first_imgFannie Mae’s Book of Business Shows August Growth in Secondary Market October 1, 2012 455 Views Sharecenter_img “”Fannie Mae””:http://www.fanniemae.com/portal/index.html didn’t spend the end of its summer lounging ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô the GSE released its Book of Business for August 2012, showing off another month of growth.[IMAGE]According to Fannie Mae’s monthly summary, its Book of Business grew at a compound annualized rate of 1.9 percent in August, bringing its year-to-date growth to 0.4 percent.[COLUMN_BREAK]The growth comes despite drops in the GSE’s gross mortgage portfolio, which was brought down by slippage in sales and purchases. The portfolio’s negative growth in August was 10.5 percent, while year-to-date growth shrank to negative 9.9 percent.The gross mortgage end balance in August was $660.8 billion, a considerable year-over-year drop from $725.5 billion in August 2011. While Fannie Mae’s portfolio shrank, new business acquisitions helped keep the Book of Business active. Fannie reported 86,038 new acquisitions in August, nearly double that of August 2011. Acquisitions fell dramatically from 95,310 in March to 52,470 in April and have experienced a shaky climb back up.The GSE was also helped up by decreases in delinquency rates. The conventional single-family serious delinquency rate fell six basis points to 3.44 percent in August, the lowest rate seen all year. In addition, the multifamily delinquency rate fell to 0.25 percent, continuing 2012’s trend of month-to-month delinquency improvement.Fannie Mae completed 15,213 loan modifications in August, bringing the year’s total up to 108,626. Acquisitions Agents & Brokers Attorneys & Title Companies Fannie Mae Investors Lenders & Servicers Mortgage-Backed Securities Service Providers 2012-10-01 Tory Barringerlast_img read more

Ft Lauderdale FL — December 10 2008 Silverse

first_imgFt. Lauderdale, FL — December 10, 2008 Silversea Cruises has just put the finishing touches on a multimillion-dollar renovation of Silver Wind, involving virtually every aspect of the ultra-luxury ship.Undertaken over the past month during a dry dock at the San Giorgio shipyard in Genoa, Italy, the comprehensive refurbishment of Silver Wind sets a visionary course for the future with a refreshed décor embodying a sophisticated contemporary style that is warm and inviting with touches of natural cherry wood, russet and golden tones.A centerpiece of the project was the addition of an Observation Lounge (seating 60 guests), Spa, Beauty Salon and Fitness Center on the forward section of Deck 9, altering the ship’s exterior appearance with floor-to-ceiling windows that wrap around the new space. A new two-floor, glass-enclosed elevator was also installed connecting Decks 8 and 9.“We’re delighted with the results of this major renovation,” said Amerigo Perasso, Silversea’s president and CEO. “Silver Wind has a refreshed look and feel, yet the ship retains her elegance and charm throughout. The company has made an important investment to bring this vessel in line with the style and design themes that are planned for our new ship, Silver Spirit, currently under construction.” www.silversea.comlast_img read more