Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.22 percent. ?Market sentiment has significantly shifted over the last month, leading to a continued decline in mortgage rates,? said Sam Khater, Freddie Mac?s Chief Economist.
National banks and mortgage lenders are scrambling to incorporate image recognition into their appraisal review process, as the leading Government Sponsored Enterprise announced it will use "image recognition" to detect incorrect quality and condition ratings. GSEs require appraisal reports to include interior and exterior photos of subject properties.
goeasy Ltd., one of Canada?s leading non-prime consumer lenders, is pleased to announce that it closed its previously announced offering of US$550 million aggregate principal amount of senior unsecured notes due 2028.
Griffin Global Asset Management announces the successful closing by GGAM Finance Ltd. of an offering of an aggregate principal amount of $400 million senior unsecured notes. The offering comprises $400 million of 8% senior unsecured notes due 2027. John Beekman, Griffin CFO, commented: ?We are very pleased to announce the closing of our latest $400 million unsecured notes offering.
Mattermost Inc., the leading self-sovereign collaboration platform for mission-critical work, today announced that it has joined the World Economic Forum Global Innovator Community. Mattermost provides government, defense, and enterprise organizations a secure, self-sovereign platform to power collaboration for their most vital and sensitive operations.
Brookfield Corporation (BN) today announced the pricing of a public offering of $700 million principal amount of senior notes due 2034, which will bear interest at a rate of 6.350% per annum.
Brookfield Corporation (BN) today announced that it has received an upgrade to its senior unsecured debt rating from DBRS to ?A? from A. The upgrade reflects the continued growth in the earnings and cashflows of the business, underpinned by a conservatively capitalized balance sheet.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.29 percent. ?Mortgage rates continued to decrease heading into the Thanksgiving holiday,? said Sam Khater, Freddie Mac?s Chief Economist.
Economic pressures have driven many in the U.S. to think twice about how much they?re spending this holiday season, however consumers are generally more optimistic this year, with one in five planning to spend more, thanks to the convenience and flexibility of newer payment methods like Tap-to-Pay, digital wallets, P2P applications, 1-click accounts, QR codes, and buy now, pay later.
Freddie Mac today posted to its website its Monthly Volume Summary for October 2023, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac?s mission is to make home possible for families across the nation.
MADRID, Spain and BOSTON, Nov. 21, 2023 -- Oryzon Genomics, S.A. (ORYZF), a clinical-stage biopharmaceutical company leveraging epigenetics to develop therapies in diseases with strong unmet medical need, announced today the entry into a new convertible bonds financing agreement with Nice & Green in bonds convertible into new shares for a total amount of ?45 Million.
As interest rates inched closer to eight percent, sales of homes across the Empire State dipped once again in October, according to the housing report released today by the New York State Association of REALTORS?. Interest rates peaked in October at 7.79 percent on a 30-year fixed-rate mortgage, according to Freddie Mac ? finishing the month averaging 7.62 percent.
Key Highlights ? ? ? ? ? ? ?Existing-home sales dropped in October, according to the National Association of Realtors?. Among the four major U.S. regions, sales slid in the Northeast, South and West but were unchanged in the Midwest. # # # For local information, please contact the local association of Realtors? for data from local multiple listing services.
The U.S. Court of Appeals for the Eighth Circuit upheld the dismissal of Corner Post?s lawsuit challenging a Federal Reserve regulation, ruling that the six-year statute of limitations to challenge the rule had already expired. The Board of Governors of the Federal Reserve System adopted Regulation II in 2011, establishing maximum debit card transaction interchange fees.
The Equipment Leasing and Finance Association?s Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for October was $10.4 billion, down 8 percent year-over-year from new business volume in October 2022.
The Federal Home Loan Bank of Indianapolis has awarded $15.12 million in affordable housing grants to 32 affordable housing developments in Indiana, Michigan and Kentucky through the Bank?s 2023 Affordable Housing Program. Last year, the Bank awarded more than $7 million, making this year?s AHP grant distribution a 114% increase in funds supporting affordable housing.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.44 percent. ?For the third straight week, mortgage rates trended down, as new data indicates that inflationary pressures are receding,? said Sam Khater, Freddie Mac?s Chief Economist.
Commercial property rates are expected to stabilize ? aside from office space ? and commercial real estate will revitalize,?according to NAR Chief Economist Lawrence Yun.Yun presented yesterday at the Commercial Economic Issues and Trends Forum at?2023 NAR NXT, The Realtor? Experience, in Anaheim, California, to discuss economic trends and issues affecting the commercial real estate industry.?T...
Avis Budget Group, Inc. (CAR) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc. priced a private offering of $500 million aggregate principal amount of 8.00% senior notes due 2031.
Gaming and Leisure Properties, Inc. (GLPI) today announced the pricing of a public offering of $400.0 million aggregate principal amount of 6.750% Senior Notes Due 2033, to be issued by its operating partnership, GLP Capital, L.P., and GLP Financing II, Inc., a wholly owned subsidiary of the Operating Partnership.
Enact Holdings, Inc. (ACT), a leading provider of private mortgage insurance through its insurance subsidiaries, announced that its flagship legal entity, Enact Mortgage Insurance Corporation, has secured $248 million of fully collateralized excess of loss reinsurance coverage through the issuance of an insurance-linked note transaction with Triangle Re 2023-1 Ltd.. This ILN transaction provides cove...
Elevated mortgage rates, high home prices and limited housing inventory are making the dream of homeownership difficult for Americans, according to NAR Chief Economist Lawrence Yun.?Yun analyzed the current state of the U.S. residential real estate market and shared his 2024 outlook yesterday during the Residential Economic Issues and Trends Forum at 2023 NAR NXT, The Realtor? Experience, in An...
Avis Budget Group, Inc. (CAR) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., intend, subject to market and other customary conditions, to offer $500 million aggregate principal amount of senior notes due 2031 in a private offering.
Hudbay Minerals Inc. (HBM) today announced that its wholly owned subsidiary, Copper Mountain Mining ULC, has exercised the redemption option on its senior secured 8% notes. Hudbay intends to utilize its senior secured revolving credit facility to fund the redemption of the Copper Mountain Bonds.
Freddie Mac Multifamily?s loan purchase cap for 2024 will be $70 billion. ?We know the multifamily market faces significant headwinds, which makes Freddie Mac?s countercyclical role critically important to lenders and borrowers,? said Kevin Palmer, head of Multifamily for Freddie Mac. FHFA defines its mission-driven requirements in Appendix A of its Scorecard.
goeasy Ltd., one of Canada?s leading non-prime consumer lenders, is pleased to announce that in connection with the offering of its US$550 million aggregate principal amount of senior unsecured notes due 2028, which was announced on November 13, 2023, it has now also entered into a currency swap agreement to reduce the Canadian dollar equivalent cost of borrowing on the Notes to 8.79% per annum...
Esusu, the leading financial technology company revolutionizing rent reporting and data solutions for credit building, announced new milestones from the company?s collaboration with Fannie Mae today. In September 2022, Fannie Mae introduced the Positive Rent Payment pilot to enable renters to build and establish their credit scores through on-time rent reporting.
TYSONS CORNER, Va. and PETAH TIKVA, Israel, Nov. 14, 2023 -- ?In a move that signals international momentum and market leadership, Cellebrite DI Ltd. (CLBT), a global leader in Digital Intelligence solutions for the public and private sectors, announced today the appointment of Marcus Jewell as Global Chief Revenue Officer, effective November 15, 2023.
Ken Xie, Founder, Chairman of the Board, and CEO, Fortinet?In our ever-changing, technology-driven world, global cybersecurity leaders must foster collaboration across all sectors, including government, business, civil society, and academia.
Freddie Mac today announced the tender results of its previously announced offer to purchase any and all of the STACR? Notes listed in the table below. The Company has conducted the Offer in accordance with the conditions set forth in the Offer to Purchase dated November 3, 2023 and related Notice of Guaranteed Delivery dated November 3, 2023.
Teresa Bryce Bazemore, president and CEO of Federal Home Loan Bank of San Francisco, accepted the ?2023 Financial Woman of the Year? award from Financial Women of San Francisco on Tuesday, Nov. 7. Announced in April this year, the honor was formally bestowed at a luncheon at the Hyatt Regency Embarcadero, and the event provided an opportunity for Bazemore to share her professional journey and l...
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.5 percent. ?As Treasury yields decline, the 30-year fixed-rate mortgage dropped a quarter of a percent, the largest one-week decrease since last November,? said Sam Khater, Freddie Mac?s Chief Economist.
SiriusPoint Ltd. (SPNT), a global specialty insurer and reinsurer, has had its ratings outlook revised from ?Negative? to ?Stable? by S&P Global Ratings. S&P?s decision to revise its ratings outlook to ?Stable? reflects its ?expectation that SiriusPoint (SPNT) will continue to post strong and improving underwriting results in 2023-2025, with combined ratios around 95% and capital maintained at the 'AA' level.
Ryan Donovan, President and Chief Executive Officer of the Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System, today released the following statement in response to the publication of the Federal Housing Finance Agency?s much anticipated report on the FHLBank System.
Federal Home Loan Bank of Atlanta announced today that it is making an additional voluntary $4 million in Affordable Housing Program Homeownership Set-aside funding available through its members. The additional funding will be available beginning November 8, 2023, through FHLBank Atlanta?s First-time Homebuyer Product, Community Partners Product, and Community Rebuild and Restore Product.
Lance Drummond will become chair of Freddie Mac?s Board of Directors, the company announced today. ?Freddie Mac?s Board of Directors brings together outstanding leaders from across the country to advance the critically important work of providing liquidity, stability, affordability and equity to the housing market.
Oslo, Norway ? 7 November 2023 ? IDEX Biometrics (IDXAF) has entered into a non-binding term sheet with a new institutional investor group to issue a senior convertible bond for up to 100 million NOK. The convertible bond will be issued at a price of 92% of the principal amount, and will be amortized over 3,5 years through instalment every 2 months over the period.
Targa Resources Corp. (TRGP), announced today the pricing of an underwritten public offering of $1.0 billion aggregate principal amount of its 6.150% Senior Notes due 2029 and $1.0 billion aggregate principal amount of its 6.500% Senior Notes due 2034 at a price to the public of 99.779% and 99.949% of their face value, respectively.
Greystone Housing Impact Investors LP (GHI) announced today that on November 1, 2023, it completed a new secured financing transaction secured by its residual interests in three Tax Exempt Bond Securitization financings with Freddie Mac.
The Federal Home Loan Bank of Indianapolis announced today that more than $700,000 has been awarded to 38 Indiana and Michigan businesses through the Bank?s Elevate Small Business Grant program. Last year, the Bank awarded more than $500,000, making this year?s Elevate grant distribution a 40% increase in funds supporting economic growth and development.
Freddie Mac today announced that it has commenced a fixed-price cash tender offer for the purchase of any and all of the STACR? Notes listed in the table below beginning Friday, November 3, 2023. Freddie Mac has engaged Wells Fargo Securities, LLC and BofA Securities, Inc. as lead dealer managers and Academy Securities, Inc. as co-dealer manager for the Offer.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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