Marshfield Motor Speedway emphasizes safety and fan experience

first_imgWith racing, camping, a bar, and plans for an expanded playground, the Marshfield Motor Speedway offers extensive options for fun By Adam HockingEditorMARSHFIELD — Those that have not visited Marshfield Motor Speedway might not believe what would unfold before them should they enter its gates. The Speedway houses a massive half-mile track with an expansive grandstand, a full indoor bar, and space for camping.A variety of different race cars compete on the track, including Super Late Models, Super Stocks, Pure Stocks, X-Treme 4’s, and Bandits with races every Saturday.General Manager Wayne Brevik has been running the speedway for the last six years, and he said despite a solid audience—an average of 300 to 500 people attend every Saturday—it has been a challenge to continually attract people to come out to the track. Brevik attributes some of that struggle to a generational shift. Children just are not as interested in racing as they once were.“It’s just a whole different generation. Saturday mornings you don’t see kids getting out there working on their cars,” Brevik said. “You just don’t see that anymore.”Brevik does not think increased concern about safety is responsible for the dip in interest.“We haven’t had to call an ambulance here in years,” Brevik said. “We have the No. 1 tech guy probably in the United States that actually works here, and it’s Mike Lemke. He’s from the Green Bay area, and he comes over on Saturdays, and he’s very strict.”Brevik also referenced the recent death of driver Kevin Ward involving racing star Tony Stewart. At a race in upstate N.Y., Ward left his car while on the track, and Stewart hit him. Brevik said that if a driver leaves their car before medical personnel reaches them, the driver loses points and payment for the night.When people do come to the track they are often surprised by what the facility has to offer. A church group recently visited the speedway and told Brevik, “We’re impressed. We never knew this was in our own community.”Unlike other regional tracks, the Marshfield Motor Speedway showcases two and three lane-wide racing. Others in the area feature single-file racing, according to Brevik.“There’ll always be a good show, always be a lot of cars racing, and we start—we like to have our show done within three hours,” Brevik said.Fans can also watch the race from a reserved parking area outside the track where they can bring their own food and drink.In order to attract more families, Brevik is expanding the on-site playground for next year. The playground will be supervised so parents can attend the race while their children play in a safe environment. The speedway also has closed circuit television so that if patrons want, they can visit the bar without missing the race.In addition, next year the speedway will begin hosting truck and tractor pulls as well as monster truck shows. Brevik hopes next year the speedway will go from almost all race events to half and half with equal parts racing and monster truck events.During the speedway’s offseason Brevik referees Division II and III NCAA basketball, though he says racing is still his first passion. Brevik regularly puts in 100-hour weeks to run and maintain the speedway.“I love it. It’s fun, but it’s a lot of work,” Brevik said.Though the track is closing for the season after the Sept. 27 “Eve of Destruction” event, Brevik will keep the bar open during the winter. The speedway lies directly next to snowmobile paths, and the bar will offer food and drinks to those passing through.The Eve of Destruction, Brevik said, will cater to an entirely new demographic than the speedway’s usual races.“That’s a whole different breed of people,” Brevik said. The events include daredevil competitions, a demolition derby, and a special event where trailers are raced around the track in reverse.Costs may vary for special events, but typically entry to the Speedway costs $12 for people age 15 and older, $8 for ages 9-14, and children age 8 or younger are admitted for free. Special family packages are also available.For more information on Marshfield Motor Speedway, visit http://www.marshfieldspeedway.com/. The speedway is located at 10853 County Road H in Marshfield.(Photos from the speedway available here)last_img read more

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Why Even “Simple” Technology Can Be Hard For Developers

first_imgTags:#Amazon AWS#Amazon Web Services#Anand Mani Sankar#AngularJS#Asya Kamsky#George Butiri#Matt Wood#NoSQL#Redshift#Web Development Convenience drives much of the world’s best technology, from Amazon Web Services to Web frameworks like AngularJS. But that “convenience”, which makes it easy to quickly become productive, often comes with a hidden price tag: to become truly productive, you’re going to have to sweat.Great technology is often deceptively simple, allowing newbies to intuitively “learn” the system without much effort. The problem comes when people assume they have mastered the technology when all they’ve really done is the equivalent of coding a “hello world” app. Before you blame the tool, you often need to invest time in learning to use it correctly.“Mixed Feelings” About AngularJSLet’s take AngularJS as an example. Angular is a Web application framework—a collection of JavaScript code libraries, templates and other software intended to make it easier for developers to build dynamic Web pages or Web apps.See also: Angular, Ember, And Backbone: Which JavaScript Framework Is Right For You?The problem, as Anand Mani Sankar suggests, is that while it’s simple to start with AngularJS, that simplicity belies the power of the framework:[AngularJS] also simplifies the application development process by abstracting a lot of the internal complexity and exposing only what the application developer needs to know.While this sounds like a great thing, it can also lead newbies to think that they’ve mastered the system upon completing their first “hello world” app:The AngularJS journey can evoke mixed feelings. The learning curve is very different from other JS frameworks. The initial barrier to get started is very low. But once you start diving deep the learning curve suddenly becomes steep.Sankar then points to Ben Nadel’s humorous depiction of an AngularJS journey:Some people, of course, get stuck in the troughs. George Butiri, for example, gets a lot of Google search love with his “The reason Angular JS will fail” post. Butiri argues that AngularJS is actually quite difficult, without giving much in the way of specific examples of why this is so, at least beyond “because I like jQuery more.”It’s So Easy To Fail Much of the best technology is like this. It’s deceptively simple to get started, but if you want to truly master it, you’re going to have to make a big investment of your time. Some people start strong, discover the complexity, and then complain that technology doesn’t remain mind-blowingly easy forever and ever.Sorry, real technology doesn’t work that way. It always requires effort and will fail if not applied in the right way.Take NoSQL databases, the world in which I spend most of my time.See also: When NoSQL Databases Are—Yes—Good For YouNewbies to NoSQL, whether MongoDB, HBase or Cassandra, like to tout its schema-less nature. The old world of relational databases required a rigid schema but HURRAY! In this new world of NoSQL, gone are schemas that define your data’s structure, gone are DBAs, GONE ARE RULES! So easy!!Which, of course, is complete nonsense. As my colleague Asya Kamsky likes to say, “NoSQL != NoDBA.” (That is, NoSQL is not the same as “no database administrator.”) NoSQL does not mean “no DBA”. If anyone tries to convince you otherwise, they probably have something to sell you.This does not mean that you have a team or even a person who has the title “DBA”—however, if you have a database, whether it’s relational, or non-relational, then someone has the role of “DBA”—and if they don’t know that they do, then a whole bunch of things aren’t being done or thought about before problems happen.Go through the hater posts about NoSQL databases or AngularJS or most any technology you prefer and I guarantee many, if not most, of them are written by people who feel cheated that the technology didn’t fit how the user wanted it to work, often with minimal to no real investment. Sure, sometimes technology fails. At times, spectacularly.But far too often we complain when technology doesn’t magically remove our need to work.Fewer Levers, More Happiness?One way to get the best of both worlds is through managed services like Amazon Web Services’ Redshift. Redshift is a fully-managed data warehouse that runs in the cloud. “Fully managed” means that it’s easier to use, but it also means that users lose some of the knobs and levers they might have in Teradata or another enterprise data warehouse.That, however, is precisely the point.As Matt Wood, general manager of data science at AWS, told me recently, Redshift and other AWS services aim to improve ease-of-use for users by removing complexity. Giving users fewer “levers” means that AWS also gives them fewer ways to fail. The trick, of course, is finding the balance between product simplicity and user control.Airbnb, for example, was elated by how easy Redshift was to begin with, but then required some trade-offs (and investments):The first challenge we had was schema migration. Even though Redshift is based on Postgres 8.0, the “subtle” differences are big enough, forcing you into the Redshift way of doing things. We tried to automate the schema migration, but the problem was bigger than we originally expected and we decided it was beyond the scope of our experiment. Indexes, timestamp type, and arrays are not supported in Redshift, thus you need to either get rid of them in your schema or find a workaround.Having put in the effort, however, Airbnb saw a minimum of 5x performance improvements over other systems and dramatic cost savings. Easy to get started, but also worth continuing to invest.And so it is with a lot of great software that is deceptively simple to use. To get beyond newbie status with any great technology, you’re going to have to use it as intended, and you’re going to have to spend the time and effort to master it. There may be free software, but there’s no free lunch.Lead image courtesy of Shutterstock; AngularJS graph by Ben Nadel How to Write a Welcome Email to New Employees? Matt Asay Why You Love Online Quizzescenter_img 7 Types of Video that will Make a Massive Impac… Related Posts Growing Phone Scams: 5 Tips To Avoidlast_img read more

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Athlon Sports Names The 10 Most Explosive Running Backs Returning For 2016

first_imgAthlon Sports released a list Sunday morning of what it believes to be the 10 most explosive running backs returning for the 2016 college football season. Some of the names on the list won’t surprise you at all, but others undoubtedly will. College football’s 10 most explosive running backs returning for 2016. https://t.co/llw8KRXZTM pic.twitter.com/XwwX1MSv6S— Athlon Sports (@AthlonSports) June 12, 2016Here’s the list they came up with. Georgia Southern’s Matt BreidaFlorida State’s Dalvin CookLSU’s Leonard FournetteNew Mexico State’s Larry RoseSan Diego State’s Donald PumphreyBoise State’s Jeremy McNicholsWestern Michigan’s Jamauri BoganSouthern Mississippi’s Ito SmithNevada’s James ButlerIowa State’s Mike WarrenAthlon adds an excellent chart to explain their decisions and you can find that here.What do you think, college football fans? Are they forgetting anybody?last_img read more

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Michigan Football’s New Air Jordan Jerseys May Have Leaked

first_imgMichigan shows off new jerseys for 2016 season.@jharkelroad1Michigan’s football program is set to unveil its new Air Jordan jerseys next week.The Wolverines, who signed a $173 million deal with Nike that runs through 2027, officially become a Nike school on Aug. 1. Jim Harbaugh’s team is set to reveal their new Jumpman-brand jerseys (they’ll be the first college football team to wear the logo) at a special ceremony on Tuesday in Detroit.It looks like a picture of the jerseys might have leaked early, though.Check out this photo:@mgoblog @michiganinsider @umichWD @SamWebb77 pic.twitter.com/NzWfGbhPVn— Justin E Harkelroad (@jharkelroad1) July 29, 2016This photo of the jerseys hasn’t been confirmed, but they certainly look like they could be Michigan’s new Jumpman jerseys. The uniforms aren’t expected to change much, save for the addition of the classic Air Jordan logo.If these are the new jerseys, what do you think, Michigan fans?The Wolverines open their 2016 season Sept. 3 against Hawaii.last_img read more

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Tim Hortons breakfast menu price hikes not enough for franchisees source

first_imgTim Hortons franchisees knew price increases on some menu items were coming, but the slight bump on breakfast menus the company confirmed Friday falls short of the 10 per cent across-the-menu hike those grappling with Ontario’s minimum wage hike feel they need, according to a franchisee association source.“Some restaurants in select markets have slightly increased prices for some breakfast menu items,” parent company Restaurant Brands International (TSX:QSR) said on Friday.“Regular adjustments to menu prices are a normal part of the restaurant business,” the Oakville, Ont.-based company said in a brief statement, making no connection between the move and the minimum wage controversy that’s landed the chain in hot water.A source from the Great White North Franchisee Association, a group not sanctioned by the company that aims to voice the concerns of the roughly half of Canadian franchisees it represents, confirmed RBI announced the price adjustment to franchisees weeks prior.The adjustments vary by area, the source said, but were added to a handful of items — mostly breakfast combos — and prices went up about 20 cents in many regions.The timing of RBI’s internal announcement indicates it has not bowed to mounting pressure from some franchisees, an industry group and the public to resolve how some store owners handled a 21 per cent jump in Ontario’s minimum wage, which kicked in Jan. 1.Some Tim Hortons franchisees in the province eliminated paid breaks, fully-covered health and dental plans, and other perks for their workers. The changes came to light after a letter from the owners of two Cobourg, Ont., franchisees circulated on social media.Those franchisees and the GWNFA partly blame RBI, which controls pricing, for refusing to help franchisees stomach the $2.40 jump in minimum hourly wages by boosting what they can charge for food and beverages, among other requests.The GWNFA source says franchisees want menu prices to go up by about 10 per cent across the board in Canada.The association estimates the minimum wage hike and other changes to the province’s labour laws will cost the average franchisee $243,889 a year. The calculation assumes an extra $3.35 hourly per employee, which also includes costs such as increased vacation pay.RBI denounced the actions taken by some franchisees and has said it’s committed to helping restaurant owners work through the changes. The company has declined to answer questions on how it intends to do that. Tim Hortons media relations declined to comment further Friday evening.Tim Hortons maintains individual franchisees are responsible for setting employee wages and benefits, while complying with applicable laws.Angry consumers have targeted both the parent company and the franchisees, taking to social media and encouraging others to #BoycottTimHortons in an effort to put pressure on either group to reverse the changes. Protesters also gathered outside Tim Hortons locations across Ontario this week.The Ontario Federation of Labour, an umbrella group for workers and their unions in Ontario, called on RBI’s chief executive Daniel Schwartz to take immediate steps to ensure his franchisees comply with and respect the spirit of the province’s labour laws.The dispute over employee wages and price hikes is the latest round of finger-pointing in an ongoing blame game between some franchisees and their corporate parent. They have publicly sparred over alleged mismanagement and filed several lawsuits against each other in recent months.Tim Hortons appears to have last adjusted prices Aug. 2, 2017 when it boosted what it charges for hot beverages and breakfast items.The last known prior price increase was in 2014.Follow @AleksSagan on Twitter.last_img read more

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Aurora Cannabis signs loan deal for up to 250 million with Bank

first_imgEDMONTON – Aurora Cannabis Inc. has signed a loan deal with the Bank of Montreal for up to $250 million.Aurora chief executive Terry Booth called it the largest traditional debt facility in the cannabis industry to date.Under the agreement, Aurora will receive a $150-million term loan and a $50-million revolving credit facility, both of which will mature in 2021.A short period after Ottawa’s legislation to legalize and regulate recreational marijuana comes into effect in October, the company may request an increase of up to $45 million for the term loan.BMO will also provide up to $5 million in other credit instruments.The debt facility will be primarily secured by Aurora’s production facilities.Companies in this story: (TSX:ACB, TSX:BMO)last_img

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‘We are hopeful of playing maximum home games at Eden’

first_imgKolkata: Kolkata Knight Riders CEO Venky Mysore is hopeful that the franchise will able to play most of their home games at Eden Gardens despite seven-phase polling in Bengal during the upcoming general elections. The IPL will start on March 23 and end on May 12 while the general elections are slated to be held in seven phases between April 11 and May 19. Since Bengal will have elections in all seven phases, April 11, 18, 23, 29, May 6, 12 and 19, there is a possibility that some of KKR’s matches may be shifted to neutral venues. As per the two-week schedule, KKR are playing two home games vs Sunrisers (March 24) and KXIP (March 27) and two away games against Delhi Capitals (Mar 30) and RCB (April 5). “We have had some good meetings with the concerned authorities today, so fingers crossed. We are waiting for some clarification. I think they (authorities) are very keen to make sure that we play in the Eden. If all goes well, we will play our home games here only,” Mysore told reporters at Eden Gardens on Wednesday. “Now that the date of the elections have come out, the authorities are taking a hard look at how they can ensure we play as many as possible matches in Kolkata,” Mysore said. However, if security deployment becomes an issue during the polls, there are back-up plans in place, said Mysore. “In case we cannot play at the Eden, then we have a plan B and plan C ready. We had a meeting today. Let’s see. All our fans as well as the team wants us play at the Eden,” Mysore reiterated.last_img read more

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Hulu Will Start Offering Attribution Measures for Advertisers

first_img“We know we can measure more accurately every single impression that gets served on Hulu,” says DeTraglia. Hulu will develop customized deals depending on the types of customer-relationship data its advertisers can share, she says. That information can be matched with customer behavior metrics from Hulu.  The company earlier this week said its service topped 25 million subscribers in 2019 and snared more than $1.5 billion in ad revenue, representing ad growth of 45% over the previous year.Hulu has begun “beta testing” the attribution offering with select clients, says DeTraglia. “We believe that by the second half of this year we will have a fully functioning product, open to anybody who had data that they are willing to send to us.” ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15 TV networks aren’t the only media outlets trying to get in on new technologies that help advertisers determine if their commercials did more than make someone sing a funny jingle.Hulu, the video-streaming hub that is owned by Comcast, Fox and Disney, will launch its own effort to help sponsors determine “attribution,” or whether the ads people see spur a consumer to make a purchase or take some other concrete action, like sign up to take a test drive at a car dealership. “We have advertisers who want to move more quickly into that,” says Julie DeTraglia, head of research at Hulu, in an interview.More media outlets and advertiser have grown interested in the concept, particularly as video audiences have begun to splinter across dozens of digital-viewing outlets that allow for a two-way interaction with audiences. A+E Networks last year unveiled a plan to offer a select group of “outcome-based guarantees” to advertisers as part of negotiations in TV’s annual “upfront” market, when U.S TV network try to sell the bulk of their advertising inventory. The company was interested in backing website visits or foot traffic at retail locations. Earlier this week, AT&T’s Turner indicated it would use set-top box data from AT&T video subscribers to help further develop attribution deals it has already been offering.center_img Popular on Variety last_img read more

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Resignation rumors of Guatemalas Pérez Molina grow after fourth week of protests

first_img Protesters in Sydney, Australia, join demonstrations on Saturday, May 16 to demand the resignation of Guatemala’s Otto Pérez Molina. (Via Ana Lorentz’s Facebook)New vice president does not enjoy popular supportOn Friday, Judge Alejandro Maldonado Aguirre was sworn in as Guatemala’s new vice president after Baldetti was forced to step down on May 8 in the wake of the scandal.Maldonado Aguirre, 79, is a right-wing lawyer and politician. During the 1970s, he was a member of the now extinct, far right Movimiento de Liberación Nacional (MLN). He later served as Minister of Education under the de facto rule of General Carlos Manuel Arana Osorio and as Guatemala’s ambassador to the U.N. In 1982 he ran for president as the candidate for the alliance between the Partido Nacional Renovador (PNR) and the Christian Democrat party, both of which are now extinct.Maldonado Aguirre has served as Constitutional Court (CC) magistrate on three separate occasions, under the administrations of Vinicio Cerezo, Álvaro Arzú and Otto Pérez Molina.Under the Arzú administration, he was accused of using his position to delay a legal resolution that would have allowed an investigation into the murder of Bishop Juan Gerardi to move forward.More recently, in 2013, he was one of the CC magistrates who controversially voted in favor of annulling former dictator Efraín Rios Montt’s genocide conviction.Guatemala’s influential private sector lobby, the Comité Coordinador de Asociaciones Agrícolas, Comerciales, Industriales y Financieras (CACIF), has welcomed Maldonado Aguirre’s appointment.U.S. Ambassador to Guatemala Todd Robinson and the U.K.’s minister for Latin America, Hugo Swire, have also expressed their approval of the final choice made by the Guatemalan Congress.However, none of the candidates on the shortlist Pérez Molina submitted to Congress, including Maldonado Aguirre, enjoyed the support of the #RenunciaYa citizen movement.On Friday, while the votes were counted in Congress, protesters gathered outside with placards that read: “We reject the candidates proposed. No more corruption!”Protesters argue that anyone willing to be part of an administration tarnished by an endless string of corruption scandals is inevitably tainted by association. Human rights and pro-justice groups also are strongly suspicious of Maldonado Aguirre’s right-wing credentials and of the fact that he voted in favor of annulling Ríos Montt’s genocide conviction.“The headline should read: the return of the white van. Maldonado Aguirre is the greatest dinosaur of all,” tweeted indigenous leader Andrea Ixchiú after Guatemala’s new vice president was sworn in. The vehicle used by military dictators to kidnap and disappear political opponents at the height of the civil war was known as la panel blanca (the white van), and the remark refers to Maldonado Aguirre’s ties to the infamous MLN party, which has been linked to death squads and was described by historian Luis Solano as “the party of organized violence.”Observers fear coup attemptIn recent days, the unprecedented crisis faced by the current administration has fueled speculation that Pérez Molina will ultimately be forced to resign, which would mean that Maldonado Aguirre would be sworn in as president until the elections are held and the country’s new president comes to power in January 2016.The scandal has led to a broad call for government reform. On Friday, the Human Rights Ombudsman’s Office, the University of San Carlos, the Catholic Church and the Alliance of Evangelical Churches called for the creation of a “citizens’ coalition” to “find a solution to the state’s legitimacy crisis.”A possible outcome of the crisis could be that Guatemala could call for a “National Constituent Assembly,” a group of members of Congress that would initiate the process of drafting a new Constitution. Many groups – both progressive and conservative – support this type of change in order to address loopholes in the current Constitution and draft a new Magna Carta that reflects popular demands.For more than five years, a variety of political parties have called for a constitutional reform but the difficulty of reconciling the diverging interests of peasant organizations that are fighting for an agrarian reform and a conservative business elite fearful of social change, among other groups, would make this a complex and potentially volatile scenario.Due to the country’s recent history of civilian strife and authoritarian rule, observers fear that the instability generated by the political system’s legitimacy crisis could be seized upon by military and political actors to stage a coup attempt.“If popular demands are not heeded, given past experience, we run the risk that those demands will turn into anger, which could be used by certain politicians to provoke a situation of violence,” said sociologist Luis Mack.See also: Guatemalans demand president, vice president resign over corruption scandalhttps://storify.com/jillrep/anti-corruption-protests-in-guatemala-and-abroad-m Facebook Comments Related posts:Guatemala’s Pérez Molina could face impeachment Guatemalans take to the streets again as new corruption scandal rocks the Pérez Molina administration In Costa Rica visit, Guatemala president-elect Jimmy Morales reaffirms opposition to drug decriminalization Guatemala swears in comedian Morales on Thursday GUATEMALA CITY, Guatemala – A persistent drizzle turned into a downpour by the end of the afternoon, but that didn’t dampen the spirits of the thousands of Guatemalans who took to the streets on Saturday to demand the resignation of President Otto Pérez Molina.Prensa Libre newspaper estimates that 60,000 Guatemalans took part in a peaceful march named #RenunciaYaFase 2 (Resign Now, Phase 2). This is the fourth nationwide protest to be held since the U.N.-supported International Commission Against Impunity in Guatemala (CICIG) uncovered a massive tax fraud network known as “La Línea” that was allegedly led by former Vice President Roxana Baldetti’s private secretary, Juan Carlos Monzón, on April 16.The scandal has led Guatemalans to express their frustration and discontent with the current administration and what they regard as a lack of options for change in the forthcoming presidential elections in September.In a country deeply divided by class and race, upper- and middle-class students from the country’s top three private universities joined students from the state-funded University of San Carlos, religious groups, gay rights organizations and ordinary citizens, in a peaceful demonstration against government corruption.As dark clouds presaged rain, street peddlers wove in and out of the crowd selling umbrellas and plastic rain ponchos. For many, who attended the march with their young children, the protest became a family event.Local pop groups such as Bohemia Suburbana gave impromptu performances in Guatemala City’s central square and added a festive atmosphere to the march.Similar protests were held in Antigua, Quetzaltenango, Jalapa and other provincial cities. Guatemalans living in Panama, Mexico, Spain, and the United States also gathered outside the Guatemalan Embassy in their respective countries, in a show of support for the growing #RenunciaYa movement.Related: As Guatemala’s political crisis deepens, citizens reawaken last_img read more

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Fannies Book of Business Continues Downward Trend Delinquencies Follow Suit

first_img August 4, 2014 445 Views Fannies Book of Business Continues Downward Trend, Delinquencies Follow Suit Fannie Mae’s book of business decreased at a compound annualized rate of 1.7 percent over the month of June, slower than the previous month’s rate of 2.4 percent but continuing a streak of decreases that has persisted all year so far. Year-to-date, Fannie Mae’s book of business has declined at a compound annualized rate of 2.2 percent.The GSE’s gross mortgage portfolio declined at a compound annualized rate of 9.6 percent in June, down from a 12.5 percent  decline in May and below the year-to-date annualized decline of 14.9 percent. June’s mortgage portfolio decrease is the second-slowest decline so far this year.Fannie Mae’s gross mortgage portfolio stands at $452.8 billion as of the end of June.New business acquisitions in June totaled $35.6 billion, the highest monthly acquisition total so far this year.During the month of June, Fannie Mae liquidated mortgage-backed securities in its portfolio at an annualized rate of 14.31 percent. Year-to-date, Fannie has liquidated  MBS loans at an annualized rate of 13.19 percent.Currently, the GSE holds $2.8 billion in MBS and other guarantees, a number that has changed little over the course of this year.Single-family mortgage loan delinquencies at the GSE continued their downward trend in June, a trend that has persisted over the past 12 months. June’s single-family delinquency rate at Fannie Mae was 2.05 percent, down from 2.08 percent in May.Multifamily delinquencies remained steady at 0.10 percent in June and have fluctuated only 0.01 percentage point over the past six months.Fannie Mae modified 10,083 loans in June, bringing the year-to-date total to 68,054. Delinquency Fannie Mae Loan Modification Mortgage-Backed Securities 2014-08-04 Krista Franks Brockcenter_img in Daily Dose, Headlines, News, Secondary Market Sharelast_img read more

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