News Results

  1. KBRA Assigns Preliminary Ratings to PNMAC GMSR ISSUER TRUST MSR COLLATERALIZED NOTES, Series 2024-GT1
    Business Wire | 02/23/24 01:07 PM EST

    KBRA assigns ratings of ?BBB? to the Series 2024-GT1 Term Notes from PNMAC GMSR ISSUER TRUST, PennyMac Loan Services, LLC?s master trust issuer of notes backed by participation certificates evidencing participation interest in mortgage servicing rights on loans underlying Ginnie Mae guaranteed mortgage backed securities.

  2. Housing Activity Expected to Pick Up in 2024 as Rates Move Lower
    PR Newswire | 02/23/24 08:30 AM EST

    Economic Growth Still Predicted to Soften as the Labor Market Shows Signs of Cooling WASHINGTON, Feb. 23, 2024 ?Existing home sales and new single-family housing starts are expected to grow modestly in 2024 amid lower mortgage rates and slowly strengthening homebuyer sentiment, according to the February 2024 commentary from the Fannie Mae?Economic and Strategic Research Group.

  3. Fannie Mae Appoints Peter Akwaboah as Chief Operating Officer
    PR Newswire | 02/22/24 04:35 PM EST

    Akwaboah Brings Nearly Three Decades of Experience from Across the Financial Services Industry WASHINGTON, Feb. 22, 2024 /PRNewswire/ -- Fannie Mae today announced Peter Akwaboah has been appointed Executive Vice President and Chief Operating Officer, effective May 20, 2024.

  4. Federal Home Loan Bank of Dallas and First Federal Bank of Louisiana Award $75K Grant to Help Homeowners with Property Ownership Issues
    Business Wire | 02/22/24 03:23 PM EST

    Funds to Support Clients With Legal Assistance and Consumer Education. The Federal Home Loan Bank of Dallas has awarded a $75,000 Heirs? Property Program grant to Project Build a Future. This press release features multimedia. In 2023, FHLB Dallas awarded $905,200 which will assist more than 900 residents resolve an estimated 442 titles.

  5. Federal Home Loan Bank of Indianapolis Announces Fourth Quarter 2023 Dividends, Reports Earnings
    GlobeNewswire | 02/22/24 02:36 PM EST

    Today the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its fourth quarter 2023 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.00% and 4.00%, respectively. The dividends will be paid in cash on February?23, 2024.

  6. Heirs? Property Grant of $75K Awarded by Federal Home Loan Bank of Dallas and Broadway Bank
    Business Wire | 02/22/24 02:18 PM EST

    Funds to Help Prevent or Remediate Property Title Issues. The Federal Home Loan Bank of Dallas awarded $75,000 in Heirs? Property Program grants to the Mexican American Unity Council through its member Broadway Bank. This press release features multimedia.

  7. Mortgage Rates Continue to Rise, Nearing Seven Percent
    GlobeNewswire | 02/22/24 12:00 PM EST

    Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.90 percent. "Strong incoming economic and inflation data has caused the market to re-evaluate the path of monetary policy, leading to higher mortgage rates,? said Sam Khater, Freddie Mac?s Chief Economist.

  8. Federal Home Loan Bank of Atlanta Announces Preliminary Fourth Quarter and Annual 2023 Financial Results
    GlobeNewswire | 02/22/24 11:26 AM EST

    Federal Home Loan Bank of Atlanta today released preliminary unaudited financial highlights for the quarter and year ended December?31, 2023. Fourth Quarter 2023 Operating Results. Annual 2023 Operating Results. Financial Condition Highlights. Commitment to Affordable Housing and Community Development. Reliable Source of Liquidity.

  9. FHLBank Pittsburgh Announces Full Year and Fourth Quarter 2023 Operating Highlights
    Business Wire | 02/22/24 11:13 AM EST

    The Federal Home Loan Bank of Pittsburgh announced today unaudited financial results for the full year and fourth quarter ended December 31, 2023. Financial Highlights: Credit Products Highlights: Community Investment Products Highlights: Statements of Income FHLBank's net income totaled $581.6 million for the year ended December 31, 2023, compared to $227.1 million for the same prior-year period.

  10. Greystone Provides $25.2 Million in Freddie Mac Financing for?Multifamily Property in Indiana
    GlobeNewswire | 02/22/24 11:04 AM EST

    Greystone, a leading national commercial real estate finance company, has provided a $25,239,000 Freddie Mac Optigo? loan to refinance a 240-unit multifamily property in Valparaiso, Indiana. Constructed in 1973, Andover Park Apartments comprises 10, two-story residential buildings spread across 14.34 acres.

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.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.