Funds Will Be Used for Financial Property Education, Will Planning and Legal Clinics. The Federal Home Loan Bank of Dallas, through its member Bonvenu Bank, awarded $50,000 in Heirs? Property Program grants to two organizations that support resolving heirs? property issues in the Baton Rouge, Louisiana, area. This press release features multimedia.
Funds Will Be Used for Financial Property Education. The Federal Home Loan Bank of Dallas, through its member Bonvenu Bank, awarded a $25,000 Heirs? Property Program grant to the Fuller Center for Housing of Northwest Louisiana during a ceremonial check presentation this week. This press release features multimedia.
Funds Will Be Used to Resolve Heirs? Property Issues and Support Local Entrepreneurs. The Federal Home Loan Bank of Dallas, through its member Hancock Whitney, awarded $75,000 in Heirs? Property Program grants to Louisiana Appleseed, Desire Community Housing Corporation and Divine Touch Community Development Center at a ceremonial check presentation. This press release features multimedia.
Net income of $620 million, with $168 million in contributions to support affordable housing and community investment The Federal Home Loan Bank of Chicago today announced its preliminary and unaudited financial results for 2024. FHLBank Chicago expects to report net income of $620 million for 2024 when it files the Form 10-K with the Securities and Exchange Commission next month.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2025-K759 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-759. The underlying transaction is collateralized by 24 fixed-rate multifamily mortgage loans.
KBRA assigns preliminary ratings to 24 classes from Freddie Mac Structured Agency Credit Risk REMIC 2025-HQA1 Notes, Freddie Mac STACR REMIC Trust 2025-HQA1, a credit risk sharing transaction with a total note offering of $620,000,000.
KBRA releases the January 2025 issue of CMBS Trend Watch. Following on the heels of a strong 2024 issuance year, January continued to exhibit strength, with year-over-year private label CMBS issuance increasing 38.1%. This was despite the benchmark rate increasing, while credit spreads remained stable relative to year-end.
Sallie Mae?, formally SLM Corporation (SLM), today announced Chief Financial Officer Pete Graham will speak at the Bank of America Securities 2025 Financial Services Conference on Wednesday, Feb. 12, at 12:10 p.m. ET. A live audio webcast and replay will be available at SallieMae.com/investors. Sallie Mae believes education and life-long learning, in all forms, help people achieve great things.
Sallie Mae?, formally SLM Corporation (SLM), today announced Chief Financial Officer Pete Graham will speak at the 2025 UBS Financial Services Conference on Monday, Feb. 10, at 12:10 p.m. ET. A live audio webcast and replay will be available at SallieMae.com/investors. Sallie Mae believes education and life-long learning, in all forms, help people achieve great things. Category: Corporate and Financial.
The Federal Home Loan Bank of Dallas has allocated $1 million for its Housing Assistance for Veterans program ? up from $300,000 in 2024 ? and has expanded the criteria to serve more veterans and service members. HAVEN is open to active service members, veterans, reservists and National Guard members who suffered a service-related disability and is also available to Gold Star Families.
The Federal Home Loan Bank of Dallas is pleased to announce the appointment of Bobby Wilkinson, executive director of the Texas Department of Housing and Community Affairs, to the FHLB Dallas Affordable Housing Advisory Council. This press release features multimedia. ?It is such an honor to be appointed to the FHLB Dallas Affordable Housing Advisory Council.
The Federal Home Loan Bank of Dallas is pleased to announce the appointment of Daniel Boggs to the FHLB Dallas Affordable Housing Advisory Council, representing the state of Mississippi. This press release features multimedia.
The Federal Home Loan Bank of Dallas is pleased to announce the appointment of tribal housing veteran Isaac Perez to the FHLB Dallas Affordable Housing Advisory Council. This press release features multimedia. Mr. Perez has been appointed to the Advisory Council?s newly created tribal housing position.
Funds Will Be Used to Protect Vulnerable Communities from Displacement. The Federal Home Loan Bank of Dallas, through its member Woodforest National Bank?, awarded a $100,000 Heirs? Property Program grant to the Mexican American Unity Council in San Antonio, Texas. This press release features multimedia.
The Federal Home Loan Bank of Dallas is pleased to announce the appointment of three new members to its Affordable Housing Advisory Council and two reappointments. This press release features multimedia.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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...
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.
Impact-Resistant Roofing Gains Traction in Hurricane-Prone Areas. A homeowner in New Orleans, Louisiana, is the proud owner of a storm-resistant roof thanks to a $14,653 grant from the Federal Home Loan Bank of Dallas, awarded through its member Gulf Coast Bank & Trust.
In response to the challenges faced by small businesses impacted by flooding and wildfires in New Mexico, the Federal Home Loan Bank of Dallas is offering $1 million in grants through the Small Business Recovery Grant program to support recovery efforts in affected counties.
The pace of insurance borrowings from the Federal Home Loan Bank slowed last year following a spike when many U.S. life/annuity insurance companies took advantage of the lower cost of borrowing to capitalize on high interest rates and new money yields, according to a new AM Best report.
Mr. Cooper Group Inc. (COOP) announced today the appointment of Andrew Bon Salle to its board of directors, effective January 1, 2025. This press release features multimedia. Bon Salle brings more than 30 years of experience in capital markets, risk management, securitization and mortgage policy leadership within the home lending sector.
Funds to Promote Economic and Artistic Development. The Federal Home Loan Bank of Dallas, along with Community 1st Bank, provided $9,000 in Partnership Grant Program funding to the Las Vegas Arts Council to promote economic and artistic development in Las Vegas, New Mexico. This press release features multimedia.
Funds to Help Organizations Prevent or Remediate Property Title Issues. The Federal Home Loan Bank of Dallas has awarded $2 million in Heirs? Property Program grants to assist 33 organizations in Arkansas, Mississippi, Louisiana and Texas to help prevent or remediate heirs? property issues.
The Federal Home Loan Bank of Pittsburgh, in conjunction with its housing finance agency partners, announced that $8.447 million in Home4Good grants have been awarded this year to support 95 programs in Delaware, Pennsylvania and West Virginia in the fight against homelessness.
KBRA releases the November 2024 issue of CMBS Trend Watch. CMBS new issuance continued at a steady pace in November and is on track to pierce $100 billion, a level only experienced once since the global financial crisis. In November, KBRA published pre-sales for three deals including two conduits and one Agency.
Funds Help Nonprofits Ramp Up Education and Services. The Federal Home Loan Bank of Dallas and Stellar Bank awarded $85,000 in Partnership Grant Program funding to support three Houston, Texas-based community development organizations ? the Community Development Corporation of Freedmens Town, Houston Real Estate Association CDC and Credit Coalition. This press release features multimedia.
Valon Mortgage today announced that it has received approval as a Ginnie Mae Issuer, marking a significant milestone in the company?s journey. With its prior approvals from Fannie Mae, Freddie Mac, FHA, VA, and USDA, Valon is now positioned to expand its capabilities and build a comprehensive solution for the entire mortgage market.
KBRA releases a report on U.S. commercial mortgage-backed securities loan performance trends observed in the November 2024 servicer reporting period. In November, CMBS loans totaling $2.1 billion were newly added to the distress rate, of which 51.4% were due to imminent or actual maturity default.
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2024-K167 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-167. The underlying transaction is collateralized by 48 fixed-rate multifamily mortgage loans.
Grants Provided Through FHLB Dallas? Partnership Grant Program. Representatives from the Federal Home Loan Bank of Dallas and eight of its members awarded $283,000 in grants to eight nonprofits in DFW. This press release features multimedia.
Funds to Assist Preservation of Affordable Housing and Community Education. Representatives from the Federal Home Loan Bank of Dallas and Centinel Bank of Taos awarded $30,000 in Partnership Grant Program funding to the Taos Housing Partnership to promote economic development in Taos, New Mexico. This press release features multimedia.
Funds Will Assist Residents and Areas Impacted by Natural Disaster in Chaves County The Federal Home Loan Bank of Dallas has provided a $250,000 charitable donation to Community Foundation of Southern New Mexico to assist with recovery from flooding in Roswell, New Mexico.
Schwab Asset Management?, the asset management arm of The Charles Schwab Corporation (SCHW), announced the Schwab Mortgage-Backed Securities ETF (SMBS) began trading today. With an expense ratio of 0.03%, the Schwab Mortgage-Backed Securities ETF (SMBS) is priced in line with the lowest-priced peer ETFs based on the U.S. Mortgage Lipper category1.
More than 700 small businesses receive support through grants and discounted lending programs in 2024. In recognition of Small Business Saturday on November 30, the Federal Home Loan Bank of Chicago today announced it has invested over $27 million through its Community First? Accelerate Grants for Small Business and its Community Small Business Advance throughout 2024.
Grants Will Be Used to Educate Homeowners and Transform Damaged Properties. Representatives from the Federal Home Loan Bank of Dallas joined Veritex Community Bank to award $12,500 in Partnership Grant Program funding to Credit Coalition and $21,000 to the Houston Land Bank Fund to help promote economic development in Houston, Texas. This press release features multimedia.
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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