yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
MCLEAN, VA -- (Marketwire) -- 02/04/13 -- Freddie Mac (OTC: FMCC) released the results of its fourth quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house. This release also contains annual statistics on refinances for the ten largest metropolitan areas and four Census regions of the U.S.
In the fourth quarter of 2012, 84 percent of homeowners who refinanced their first-lien home mortgage either maintained about the same loan amount or lowered their principal balance by paying-in additional money at the closing table; just shy of the record 85 percent during the fourth quarter of 2011. Of these borrowers, 46 percent maintained about the same loan amount, and 39 percent of refinancing homeowners reduced their principal balance.
The average interest rate reduction was about 1.8 percentage points, or a savings of about 33 percent in interest rate, the largest percent reduction recorded in the 27 years of analysis.
The net dollars of home equity converted to cash as part of a refinance, adjusted for consumer-price inflation, remained at a low volume. In the fourth quarter, an estimated $8.1 billion in net home equity was cashed out during the refinance of conventional prime-credit home mortgages, down from an estimated $8.2 billion in the third quarter and substantially less than during the peak cash-out refinance volume of $84 billion during the second quarter of 2006.
Property-value change, loan age, and rate reduction differed between refinancings under the Home Affordable Refinance Program (HARP) and other refinances.
For loans refinanced during the fourth quarter through HARP, the median depreciation in property value was 29 percent, the prior loan had a median age of about 5.9 years (to be eligible for HARP, the prior loan had to be originated before June 1, 2009), and the HARP borrower with a 30-year fixed-rate refinance (no product change) had an average interest-rate reduction of 2.0 percentage points.
For all other (non-HARP) refinances during the fourth quarter, the median property had very little (0%) change in property value between the dates of placement of the old loan and the new refinance loan, the prior loan had a median age of 3.7 years, and borrowers who refinanced a 30-year fixed-rate into the same product had an average interest-rate decline of 1.5 percentage points.
In the ten largest metropolitan areas, those that experienced the more severe property value declines tended to have older loans, very little cash-out, and larger percentage declines in mortgage rate. For example, borrowers that refinanced in the Detroit metro area (and had experienced a 37 percent decline in property value between placement of loans) paid off loans that were about 7.4 years old, cashed-out equity in only 7 percent of loans, and reduced their mortgage rate by 30 percent. In contrast, borrowers that refinanced in the Boston metro area (and had about 4 percent value decline) paid off loans that were 2.9 years old, cashed-out equity in 19 percent of loans, and had reduced their mortgage rate by 24 percent.
Quotes Attributed to Frank Nothaft, Freddie Mac vice president and chief economist:
"On average, borrowers who refinanced reduced their interest rate by about 1.8 percentage points. On a $200,000 loan, that translates into saving about $3,600 in interest during the next 12 months. Fixed-rate mortgage rates hit new lows during December, with 30-year product averaging 3.4 percent and 15-year averaging 2.7 percent that month, according to our Primary Mortgage Market Survey®.
"While all borrowers that refinance have benefitted, HARP has enabled many borrowers that traditionally would not have had access to refinance to obtain low rates and significantly reduce their interest rate and monthly payment. This increases the likelihood that these borrowers will continue to perform on their loan and remain homeowners."
Get the latest information from Freddie Mac's Office of the Chief Economist on Twitter: @FreddieMac
Cash-out Refinance Analyses Information These estimates come from a sample of properties on which Freddie Mac has funded two successive conventional, first-mortgage loans, and the latest loan is for refinance rather than for purchase. The analysis does not track the use of funds made available from these refinances. The analysis also does not track loans paid off in entirety, with no new loan placed.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four homebuyers and is one of the largest sources of financing for multifamily housing. www.FreddieMac.com.
"Outscale was founded in 2010, is based in France, is a strategic partner to Dassault Systémes and has done quite a bit of work with divisions of Dassault," explained Jackie Funk, Digital Marketing exec at Outscale, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, ...
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in thi...
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New Yor...
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud...
"Peak 10 is a hybrid infrastructure provider across the nation. We are in the thick of things when it comes to hybrid IT," explained , Chief Technology Officer at Peak 10, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.