Sallie Mae, formally SLM Corporation (SLM), today released fourth-quarter and full-year 2024 financial results. This press release features multimedia. Sallie Mae will host an earnings conference call today, Jan. 23, 2025, at 5:30 p.m. ET. A replay of the webcast will be available via the company?s investor website approximately two hours after the call?s conclusion.
Carter Bank and the Federal Home Loan Bank of Atlanta announced today a significant investment of $2.3 million in grant funding, designated for three separate projects that will create 168 new affordable housing units across North Carolina.
Sallie Mae, formally SLM Corporation (SLM), today announced a 2025 first-quarter dividend on its Preferred Stock Series B of $1.5951112 per share. Both preferred stock and common stock dividends will be paid on March 17, 2025, to the respective stockholders of record at the close of business on March 5, 2025.
Company Provided Continued Stable Support for Affordable Rental Housing and Other Essential Multifamily Market Sectors WASHINGTON, Jan. 22, 2025 /PRNewswire/ -- Fannie Mae provided more than $55 billion in financing to support the U.S. multifamily market in 2024, the company announced today.
In response to the devastating wildfires in the greater Los Angeles region, the Federal Home Loan Bank of San Francisco announced it will contribute $2 million to aid ongoing response and relief efforts and provide front line support in impacted communities.
KBRA assigns preliminary ratings to 63 classes from Connecticut Avenue Securities, Series 2025-R01, a credit risk sharing transaction with a total note offering of $777,109,000. The Reference Pool consists of 51,922 residential mortgage loans with an outstanding principal balance of approximately $17.4 billion as of the cut-off date.
Member Banks Can Now Use the VantageScore 4.0 Credit Score?to Originate Loans for Millions of New Creditworthy Borrowers SAN FRANCISCO and DALLAS, Jan. 21, 2025 /PRNewswire/ -- VantageScore today announced that the Federal Home Loan Bank of Dallas now accepts mortgage collateral originated by lenders using VantageScore 4.0 credit scores.
WASHINGTON, Jan. 17, 2025 ?The?American Land Title Association, the national trade association of the land title insurance industry, released the following statement from ALTA CEO Diane Tomb on the nomination of Bill Pulte, founder and CEO of Pulte Capital Partners LLC,?to Director of the Federal Housing Finance Agency: "ALTA congratulates Bill Pulte on President-elect Trump's intention to nom...
President-elect Donald Trump?announced plans Thursday to nominate private equity CEO Bill Pulte as director of the Federal Housing Finance Agency. What To Know: If Trump?s selection is confirmed, Pulte will become the top housing regulator, overseeing mortgage giants Fannie Mae and Freddie Mac , which have been in conservatorship since the 2008 financial crisis.
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 President Trump?s nomination of Bill Pulte as director of the Federal Housing Finance Agency.
Greystone, a leading national commercial real estate finance company, has provided a $11,749,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance a 61-unit multifamily property in Amityville, New York.
Funds Will Help With New Refuge Family and Respite Shelter. Representatives from the Federal Home Loan Bank of Dallas and First Security Bank awarded $30,000 in Partnership Grant Program funding to the Conway Ministry Center to assist the nonprofit organization with its efforts to reduce homelessness. This press release features multimedia.
U.S. President-elect Donald Trump said on Thursday he would nominate Bill Pulte to be the next director of the Federal Housing Finance Agency. "Bill needs no formal introduction to the Great Citizens of our Country, because they have seen, and many have experienced, his philanthropy firsthand," Trump wrote in a post on Truth Social.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.04 percent. ?Mortgage rates ticked up for the fifth consecutive week and crossed seven percent for the first time since May of 2024,? said Sam Khater, Freddie Mac?s Chief Economist.
U.S. President-elect Donald Trump said on Thursday he would nominate Bill Pulte to be the next director of the Federal Housing Finance Agency. "Bill needs no formal introduction to the Great Citizens of our Country, because they have seen, and many have experienced, his philanthropy firsthand," Trump wrote in a post on Truth Social.
Pershing Square Capital Management, L.P. will host an X Live broadcast on Thursday, January 16, 2025, at 9:00 AM EST. The broadcast can be accessed here: https://x.com/BillAckman About Pershing Square Capital Management, L.P. Pershing Square Capital Management, L.P., based in New York City, is an SEC-registered investment advisor to investment funds.
Freddie Mac? Multifamily today announced its 2024 production volume totaled $66 billion, a 34% increase over 2023. ?Every day, we go to work to provide liquidity, stability and affordability to the multifamily market. Freddie Mac data released today indicates that the company will achieve its 2024 Multifamily affordable housing goals set by the Federal Housing Finance Agency.
Freddie Mac??and Intercontinental Exchange, Inc. (ICE), a leading global provider of technology and data, today announced enhancements that leverage both companies? automation technologies to enable lenders to more quickly and efficiently underwrite mortgage loans starting at the point of sale.
The Federal Home Loan Bank of Indianapolis and LISC Detroit announced today a new program designed to help resolve and prevent ongoing heirs? property issues in the city of Detroit.
Funds Will Help Families Dealing with Chronic Poverty. The Federal Home Loan Bank of Dallas, Origin Bank and Century Next Bank awarded $60,000 in Partnership Grant Program funding to Zion Traveler Community Development Corporation to assist the nonprofit with expenses including rental, utility and food assistance for families dealing with chronic poverty. This press release features multimedia.
Latest FNM-HPI Reading Shows Year-over-Year Increase of 5.8 Percent in Q4 2024 WASHINGTON, Jan. 14, 2025 Single-family home prices increased 5.8 percent from Q4 2023 to Q4 2024, an acceleration from the previous quarter's downwardly revised annual growth rate of 5.4 percent, according to the latest reading of the Fannie Mae?Home Price Index.
Three Additional Leaders Reappointed for Housing and Economic Development Guidance. The Federal Home Loan Bank of Chicago is pleased to announce the appointment of Fern Orie, CEO of the Wisconsin Indigenous Housing and Economic Development Corporation, to its Community Investment Advisory Council for a three-year term. This press release features multimedia.
As an integrated provider with Freddie Mac's AIM Check API, Truv can deliver instant and automated assessment of paystub and W-2 data for lenders to use for their calculations of qualified income.
Mr. Greig Brings Decades of Experience in Financial Services, Risk Management, Strategy, and Operations to the Board Sallie Mae?, formally SLM Corporation (SLM), today announced the appointment of Henry Greig to its board of directors, effective January 12, 2025. Mr. Greig brings decades of industry experience in financial services, risk management, strategy, and operations to the Board.
WASHINGTON, Jan. 13, 2025 Fannie Mae?is reminding homeowners and renters impacted by natural disasters, including those affected by the ongoing wildfires in Southern California, of available mortgage assistance and disaster relief options.
Freddie Mac today is reminding homeowners and mortgage servicers of its immediate relief options for those affected by the tragic wildfires in California. ?The number one priority for those affected by the destruction of these ongoing wildfires is to reach safety,? said Mike Reynolds, Freddie Mac Single-Family Vice President and Head of Servicing.
Federal Home Loan Bank of Atlanta announced today that it has appointed four new members to its Affordable Housing Advisory Council. Scott Farmer is executive director of the North Carolina Housing Finance Agency, overseeing the organization?s financing of more than $2 billion of affordable housing and its work to assist more than 11,000 households in the state each year.
Freddie Mac? issued $56 billion of securities through its multifamily risk transfer platform in 2024, transferring interest rate risk, liquidity risk and the majority of expected credit risk away from U.S. taxpayers to private investors.
Webcast Scheduled for Thursday, Jan. 23, at 5:30 p.m. ET Sallie Mae?, formally SLM Corporation (SLM), will release fourth-quarter and full-year 2024 financial results after market close on Thursday, Jan. 23, 2025. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website. Investors should log in at least 15 minutes prior to the broadcast.
U.S. mortgage rates increased to a fresh six-month high this week, a trend that together with elevated house prices could further squeeze potential buyers from the market. The average rate on the popular 30-year fixed-rate mortgage climbed to 6.93%, the highest level since early July, from 6.91% last week, mortgage finance agency Freddie Mac said on Thursday.
U.S. mortgage rates increased to a fresh six-month high this week, a trend that together with elevated house prices could further squeeze potential buyers from the market. The average rate on the popular 30-year fixed-rate mortgage climbed to 6.93%, the highest level since early July, from 6.91% last week, mortgage finance agency Freddie Mac said on Thursday.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.93 percent. "In the first full week of the new year, the 30-year fixed-rate mortgage remained elevated at just under 7 percent,? said Sam Khater, Freddie Mac?s Chief Economist.
KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk REMIC 2025-DNA1 Notes, Freddie Mac STACR REMIC Trust 2025-DNA1, a credit risk sharing transaction with a total note offering of $675,500,000.
KBRA releases a report on payoff rates of 2024 loan maturities in U.S. commercial mortgage-backed securities. This KBRA report highlights the refinancing experience of $56.2 billion in loans from conduit and single-asset single borrower CMBS transactions that matured in 2024.
Freddie Mac?s? newly released Outlook forecasts multifamily originations to rise in 2025, while predicting modest rent growth below the long-term average and a slight increase in vacancy rates, which will remain above the long-term average. Analysis in the Outlook notes that through the end of 2024, despite strong demand, record-high supply kept market fundamentals muted.
Freddie Mac today announced the election of Jane E. Prokop, Ph.D. to its Board of Directors, which was effective on January 2, 2025. ?Ms. Prokop brings nearly 30 years of strategic insights, broad financial services experience and cutting-edge financial technology expertise to support Freddie Mac?s mission,? said Lance Drummond, Chair of Freddie Mac?s Board of Directors.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC APPOINTS JAMES WHITLINGER CHIEF FINANCIAL OFFICER. * FREDDIE MAC - APPOINTMENT OF JAMES WHITLINGER AS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, EFFECTIVE JANUARY 1, 2025 Source text: Further company coverage: ;))
KBRA releases the December 2024 issue of CMBS Trend Watch. U.S. CMBS ended the year on a high note, as issuance exceeded $100 billion?a level experienced only once since the global financial crisis. In December, KBRA published pre-sales for five deals including three conduits, one SB, and one Agency. The Spotlight section reviews the rating transitions that occurred in 2024.
Mortgage finance firm Freddie Mac said on Tuesday James Whitlinger, who has been filling in as its interim chief financial officer since June, has taken on the role permanently. In his decade-long stint at the company, Whitlinger has also served as its senior vice president and finance chief of the single-family business.
Freddie Mac? today announced the appointment of James Whitlinger as executive vice president and chief financial officer, effective January 1, 2025. ?It?s with great pleasure that we announce Jim Whitlinger as the company?s new chief financial officer,? said Diana Reid, Chief Executive Officer of Freddie Mac.
Mortgage Rate Optimism Primary Driver of Year-over-Year Improvement WASHINGTON, Jan. 7, 2025 The Fannie Mae?Home Purchase Sentiment Index? decreased 1.9 points in December to 73.1 but remained substantially higher than year-ago levels due in part to ongoing mortgage rate optimism.
TAMPA, Fla. The research paper, "Agency Mortgage-Backed Securities: Thoughts From the Trading Desk," can be accessed here: https://doubleline.com/wp-content/uploads/Agency-MBS-Thoughts-from-the-Desk_January-2025.pdf. "As 2025 begins, there are reasons to be cautiously optimistic about Agency MBS performance," Messrs.
Completes purchase of recently built senior living community in Cincinnati for $16.3 million with favorable financing terms Brings total 2024 acquired properties to 20 and total operating portfolio to 94 communities Completes previously disclosed Fannie Mae loan modification extending maturities on $220 million of mortgage loans from December 2026 to January 2029 DALLAS---- Sonida Senior Living...
-Shares of Fannie Mae and Freddie Mac, the mortgage giants under U.S. government control since 2008, surged to multi-year highs on Friday after federal agencies revealed a framework for their "orderly" release from conservatorship.
-Shares of Fannie Mae and Freddie Mac, the mortgage giants under U.S. government control since 2008, surged to multi-year highs on Friday after federal agencies revealed a framework for their "orderly" release from conservatorship.
KBRA releases a report on U.S. commercial mortgage-backed securities loan performance trends observed in the December 2024 servicer reporting period. Notably, while most sectors experienced an increase in their delinquency and distress rates over the past year, office and multifamily saw the biggest increases.
U.S. mortgage rates jumped to a six-month high this week, suggesting that a recent improvement in home sales could be temporary. The average rate on the popular 30-year fixed-rate mortgage increased to 6.91%, the highest level since early July, from 6.85% last week, mortgage finance agency Freddie Mac said on Thursday.
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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