Greystone, a leading national commercial real estate finance company, announced it has provided a Freddie Mac loan to refinance a 357-unit multifamily property located in Schaumburg, IL. The financing was originated by Eric Rosenstock and Dan Sacks, both Senior Managing Directors at Greystone, on behalf of Bayshore Properties.
Federal National Mortgage Association (FNMA) : * FANNIE MAE ANNOUNCES SALE OF REPERFORMING LOANS. * SALE INCLUDES 8,721 LOANS WITH $1.429 BILLION UNPAID PRINCIPAL BALANCE. * BIDS FOR REPERFORMING LOANS SALE DUE OCTOBER 29, 2024. * BUYER MUST OFFER LOSS MITIGATION OPTIONS FOR FIVE YEARS.
WASHINGTON, Oct. 8, 2024 Fannie Mae?today began marketing its most recent sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio. The sale consists of approximately 8,721 loans, having an unpaid principal balance of approximately $1.429 billion, and is available for purchase by qualified bidders.
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 Monday, October 7, 2024. Freddie Mac has engaged Wells Fargo Securities, LLC and StoneX Financial Inc. as lead dealer managers and CastleOak Securities, L.P. as co-dealer manager for the Offer.
Renter Sentiment Also Up, Including Share Expecting Rates to Fall WASHINGTON, Oct. 7, 2024 The Fannie Mae?Home Purchase Sentiment Index? increased 1.8 points in September to 73.9, its highest level in more than two years, as consumers reported survey-high optimism that mortgage rates will decline over the next 12 months.
Grants Were Funded Through FHLB Dallas? $1M Native American Housing Opportunities Fund. Representatives from the Federal Home Loan Bank of Dallas, Del Norte Credit Union, Wells Fargo and Southwest Capital Bank awarded $550,000 in Native American Housing Opportunities Fund grants to four New Mexico-based tribal housing organizations. This press release features multimedia.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.12 percent. ?The decline in mortgage rates has stalled due to a mix of escalating geopolitical tensions and a rebound in short-term rates that indicate the market?s enthusiasm on rate cuts was premature,? said Sam Khater, Freddie Mac?s Chief Economist.
KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk REMIC 2024-DNA3 Notes, Freddie Mac STACR REMIC Trust 2024-DNA3, a credit risk sharing transaction with a total note offering of $642,500,000.
KBRA releases the September 2024 issue of CMBS Trend Watch. There is a renewed sense of optimism in the commercial real estate industry. In September, KBRA published pre-sales for nine deals including four conduits, four SBs, and one Agency. Click here to view the report.
DALLAS, Oct. 3, 2024 NexPoint Residential Trust, Inc. (NXRT) announced today the closing of 17-property mortgage refinancings through J.P. Morgan Chase Bank and The Federal Home Loan Mortgage Corporation, the sale of Stone Creek at Old Farm, and the Company is scheduled to host a conference call on Tuesday, October 29, 2024, at 11:00 a.m. ET, to discuss third quarter 2024 financial results.
KBRA assigns a preliminary rating of ?BBB-? to the Series 2024-FT1 Note from FMC Issuer Trust-FMSR, master trust issuer of notes backed by a participation certificate representing an interest in MSRs that are created on mortgage loans owned by Fannie Mae or otherwise included in Fannie Mae MBS and serviced by FMC.
TopLine Financial Credit Union, a Twin Cities-based member-owned financial services cooperative, partnered with Federal Home Loan Bank of Des Moines, a member-owned cooperative that provides funding solutions, to help make homebuying and refinancing more affordable for members by offering a new Mortgage Rate Relief Program.
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.
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