Residential Finance to place mortgage lenders at HER Realtors offices

gty barack obama phoenix ll 130806 16x9 608 Obama Targets Fannie, Freddie in Housing Finance Revamp

They had a model for getting loans to the American people that didnt work. It was basically, heads they win, tails taxpayers lose model and so what the president is going to say today is we need to end that model. And we need to have a housing financing system going forward that first makes sure private capital sits at the center of our housing financing system and second we cant put taxpayers on the hook in the way we did before, Housing Secretary Shaun Donovan told ABC News. Obama wants the government to play a more limited and targeted role in supporting the mortgage market, according to an administration official, one in which private capital must be wiped out before the federal government provides any catastrophic guarantee. The president is also expected to renew his call for Congress to make it easier for homeowners to refinance at lower rates and highlight his plan to make housing more affordable for the middle class. We have to make sure we have affordable housing across this country. You know one of the things that got us into this crisis is that we sort of had a policy that said everyone has to be a homeowner. And the truth is some families want to rent their housing. Some people cant afford to be homeowners.

HER Realtors is putting loan officers from Residential Finance in all its offices to speed up the homebuying process for customers.

aBy situating loan officers in each HER office, both the customer and the real estate agent have immediate access to the loan officer,a RFC CEO Michael Isaacs said in a press release. aThis creates a streamlined homebuying experience with greater communication, so customers can close on their homes faster and with greater ease.a Residential Finance currently has 46 lenders at its Easton office and plans more hiring to fully staff HERas 60 offices, though itas unclear how many, spokeswoman Lili Macklin told me. It will maintain the Easton location. Residential Finance began shifting focus from refinancing to purchases about 18 months ago and hasnat been stung by rising rates as much as others, Macklin said. HER has more than 820 agents throughout 60 offices in Central Ohio, Cincinnati and Dayton, and has been expanding rapidly of late.

Willis Lease Finance Earns $9.7 Million or $1.17 per Share in Second Quarter

The higher interest costs (pre-tax) were partially offset by the elimination of the quarterly $0.8 million preferred dividend (after-tax). — Joint venture earnings of $3.4 million benefitted from the recording of $9.0 million in maintenance reserve revenues under aircraft leases terminated in the period. — Liquidity available from the revolving credit facility was $111.0 million at quarter end compared to $83.0 million in the first quarter of 2013 and $122.0 million a year ago. — Tangible book value per common share was $24.00 compared to $22.62 a year ago. “Our WOLF A340 LLC joint venture (formed in 2005 with Waha Capital), in which we have a 50% interest, owns two A340 aircraft which have recently returned from long-term leases with Emirates,” said Donald Nunemaker, President.

Bridging Finance And Innovation To Advance A Green Revolution in Africa

Despite these developments, many smallholder farmers, who form the backbone of Africas agriculture sector, remain trapped in poverty without access to financing and other tools to increase their productivity and profitability. In 2006, The Rockefeller Foundation partnered with our colleagues at the Gates Foundation to launch the Alliance for a Green Revolution in Africa (Agra), with the aim to ensure that millions more smallholders have access to the better seeds, healthy soils, profitable markets, storage and transport, and supporting policies needed to transform agriculture and drive sustainable economic growth. But more must be done to break down the barriers that remain to scaling up innovation and investing in farmers on a large scale. To do so, the agricultural and financial sectors must form new linkages and better align their visions, blending those who can implement innovative approaches to boost agricultural production and supply inputs such as seeds, fertiliser, and water, and outputs including storage, processing and distribution facilities, and access to markets, with those who can finance those activities.


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