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.
WASHINGTON, Sept. 30, 2024 Fannie Mae?is reminding homeowners and renters impacted by natural disasters, including those affected by Hurricane Helene, of available mortgage assistance and disaster relief options. "Our top priority is the safety and well-being of those affected by Hurricane Helene.
NEW YORK, Sept. 30, 2024 Emigrant Bank is pleased to announce its 2024 distribution of small business grants to local businesses in the New York metropolitan area through the Federal Home Loan Bank of New York's Small Business Recovery Grant Program.
WASHINGTON, Sept. 27, 2024 Fannie Mae's?August 2024 Monthly Summary is now available. About Fannie MaeFannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. Fannie Mae Newsroomhttps://www.fanniemae.com/newsroom.
CHICAGO, Sept. 24, 2024 Rate, a leading financial services provider in the mortgage industry, today announced an increase in its conforming loan limit to $792,000 for select loan products across the contiguous 48 states. Jeremy Collett, EVP, Head of Capital Markets at Rate.
WASHINGTON, Sept. 18, 2024 Despite a significant decline in mortgage rates and improved supply in some parts of the country, existing home sales are not expected to pick up meaningfully through the remainder of 2024, with the annual pace now forecast to be the slowest since 1995, according to the September 2024 commentary from the Fannie Mae?Economic and Strategic Research Group.
WASHINGTON, Sept. 17, 2024 Fannie Mae priced Connecticut Avenue Securities? Series 2024-R06, an approximately $708 million note offering that represents Fannie Mae's sixth and final CAS REMIC? transaction of the year. The reference pool for CAS Series 2024-R06 consists of approximately 50,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $16.6 billion.
2024-NPL3 Includes the Company's Twenty-Fifth Community Impact Pool Offering WASHINGTON, Sept. 10, 2024 Fannie Mae?today announced its latest sale of non-performing loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio, including the company's twenty-fifth Community Impact Pool.
Regional Divergence in Consumer Sentiment Likely a Function of New Supply WASHINGTON, Sept. 9, 2024 The Fannie Mae?Home Purchase Sentiment Index? increased 0.6 points in August to 72.1, as consumers reported significantly greater optimism about the future direction of mortgage rates despite showing little change in overall homebuying sentiment.
Panel Also Shares Thoughts on Most Impactful Potential Policy Reforms to Boost Housing Supply WASHINGTON, Sept. 5, 2024 ?Following home price growth of 6.0% in 2023, a panel of housing experts forecasts annual national home price growth of 4.7% in 2024 and 3.1% in 2025, according to the Q3 2024 Fannie Mae?Home Price Expectations Survey, produced in partnership with Pulsenomics, LLC.
NORFOLK, Va., Sept. 4, 2024 Harbor Group International, LLC, a privately owned international real estate investment and management firm, today announced that, through an affiliate, it has successfully completed a securitization of multifamily mortgage loans through Freddie Mac's Q Series securitization program.
WASHINGTON, Aug. 28, 2024 Fannie Mae's?July 2024 Monthly Summary is now available. About Fannie Mae Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. Fannie Mae Newsroom https://www.fanniemae.com/newsroom.
Notification and Grace Period Lease Requirements for New Multifamily Loans Begin February 2025 WASHINGTON, Aug. 28, 2024 /PRNewswire/ -- Fannie Mae today released additional information regarding new protections for tenants in multifamily properties with mortgages backed by Fannie Mae and Freddie Mac, the Government-Sponsored Enterprises.
MILWAUKEE, Aug. 21, 2024 Mortgage Guaranty Insurance Corporation, the principal subsidiary of?MGIC Investment Corporation?, comments on the updates by the government sponsored enterprises, Fannie Mae and Freddie Mac, to the Private Mortgage Insurer Eligibility Requirements Available Assets Standards. "We are proud of the critical role private mortgage insurance plays in the housing finance system.
Despite Recent Decline in Mortgage Rates, Existing Home Sales Likely to Remain Weak WASHINGTON, Aug. 21, 2024 Despite the recent pullback in mortgage rates, total home sales are expected to come in lower than previously forecast through the rest of 2024, and then not pick up meaningfully until further out in 2025, according to the?August 2024 commentary from the Fannie Mae?Economic and Strategi...
Company Set to Elevate the Bar for Operational and Compliance Excellence DALLAS, Aug. 20, 2024 BBG Real Estate Services, a leading independent commercial real estate services firm and pioneer of bundled service offerings, is proud to announce the addition of Peter Christensen, J.D., as General Counsel & Chief Compliance Officer and Marty Skolnik, MAI, as GSE Compliance Officer.
WASHINGTON, Aug. 13, 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 3,119 loans, having an unpaid principal balance of approximately $611.2 million, and is available for purchase by qualified bidders.
NEW YORK, Aug. 12, 2024 Lument announced today it has entered into an exclusive correspondent relationship with Arcus Harbor Real Estate Capital under which Arcus Harbor will refer all Fannie Mae, Freddie Mac, and FHA loans it originates to Lument for underwriting, processing, and closing.
NEW YORK, Aug. 12, 2024 ?TidalWave, a leading innovator in the financial technology sector, is proud to announce that its purposely built AI copilot engine SOLO??is now integrated with Loan Product Advisor?, Freddie Mac's automated underwriting system.
Only 17% Say It's a 'Good Time' to Buy, Despite Known Aspiration to Own WASHINGTON, Aug. 7, 2024 The Fannie Mae?Home Purchase Sentiment Index? decreased 1.1 points in July to 71.5, as an overall lack of affordability continues to hamstring consumer sentiment toward the housing market.
Residents will be able to participate in a credit-building initiative to improve their financial health LEHI, Utah, Aug. 1, 2024 /PRNewswire/ -- Entrata, a leading multifamily industry operating system, today announced that recently acquired Rent Dynamics is now working with Freddie Mac Multifamily as part of its credit-building initiative.
RED BANK, N.J., July 30, 2024 ?Halcyon is proud to announce that they are now an authorized tax transcript report supplier for the Desktop Underwriter? validation service/ D1C. "At Fannie Mae, we are committed to digitizing the mortgage process," says Peter Skarnulis, Fannie Mae's VP of Single-Family Digital Management Solutions.
WASHINGTON, July 30, 2024 Fannie Mae?today reported its second quarter 2024 financial results and filed its Second Quarter 2024 Form 10-Q with the Securities and Exchange Commission. Fannie Mae has scheduled a conference call to discuss the company's results today at 8:00 a.m., ET. Participants may join the conference call in listen-only mode via the webcast link below.
WASHINGTON, July 29, 2024 Fannie Mae's June 2024 Monthly Summary is now available. About Fannie Mae Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. Fannie Mae Newsroom https://www.fanniemae.com/newsroom.
CINCINNATI, July 29, 2024 The Federal Home Loan Bank of Cincinnati today released unaudited financial results for the second quarter ended June 30, 2024.
Company to Host Conference Call WASHINGTON, July 23, 2024 Fannie Mae?today announced plans to report its second quarter 2024 financial results on Tuesday morning, July 30, 2024, before the opening of U.S. financial markets. Fannie Mae has scheduled a conference call to discuss the company's results at 8:00 a.m., ET, on July 30, 2024.
Forecast of New Home Sales Downgraded, Existing Home Sales Upgraded WASHINGTON, July 23, 2024 Home price growth in the second quarter was stronger than previously anticipated but will likely moderate soon, closing 2024 and 2025 at annual rates of 6.1 percent and 3.0 percent, respectively, according to the July 2024 commentary from the Fannie Mae Economic and Strategic Research Group.
$250 Million Transaction Complements Fannie Mae's Multifamily Credit Insurance Risk Transfer and Delegated Underwriting and Servicing Loss-Sharing Programs WASHINGTON, July 22, 2024 /PRNewswire/ -- Fannie Mae priced its fourth Multifamily Connecticut Avenue Securities?? transaction, MCAS Series 2024-01, a $250 million note offering.
BOSTON, July 19, 2024 The Federal Home Loan Bank of Boston announced its preliminary, unaudited second quarter results for 2024, reporting net income of $70.2 million for the quarter. The Bank's board of directors has declared a dividend equal to an annual yield of 8.41%, the daily average of the Secured Overnight Financing Rate for the second quarter of 2024 plus 300 basis points.
WASHINGTON, July 18, 2024 Fannie Mae priced Connecticut Avenue Securities? Series 2024-R05, an approximately $659 million note offering that represents Fannie Mae's fifth CAS REMIC? transaction of the year. The reference pool for CAS Series 2024-R05 consists of approximately 61,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $21.5 billion.
Company Earns Top Score on the Disability Equality Index for Fifth Consecutive Year WASHINGTON, July 18, 2024 Fannie Mae?today announced it has been named a Best Place to Work for Disability Inclusion by Disability:IN, receiving a top score of 100 on the 2024 Disability Equality Index ? for its efforts to foster an inclusive workplace.
WASHINGTON, July 17, 2024 Fannie Mae is reminding homeowners and renters impacted by disasters of available mortgage assistance and disaster relief options given the forecasted hurricane and wildfire seasons, including Hurricane Beryl and California wildfires.
FOLSOM, Calif. The Federal Housing Finance Agency approved in June a limited pilot program with Freddie Mac to purchase certain single-family closed-end second mortgages.
VantageScore Continues Its Industry-Leading Commitment to Transparency SAN FRANCISCO, July 11, 2024 /PRNewswire/ -- VantageScore, a leading national credit-scoring company, today announced the release of a comprehensive, loan level, VantageScore 4.0 historical data set to mortgage industry participants.
Consumers Slightly More Optimistic about Homebuying and Home-Selling Conditions, But Affordability Pessimism Persists WASHINGTON, July 8, 2024 /PRNewswire/ -- The Fannie Mae Home Purchase Sentiment Index? increased 3.2 points in June to 72.6, rebounding from last month's dip and returning the index nearer the plateau it set earlier this year.
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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