WASHINGTON, Sept. 14, 2023 Fannie Mae?today announced the results of its twenty-ninth reperforming loan sale transaction. The loan pool awarded in this most recent transaction includes: The cover bid, which is the second highest bid for the pool, was 79.04% of UPB.
WASHINGTON, Sept. 14, 2023 Fannie Mae today announced the results of its twenty-first non-performing loan sale transaction. The loan pool awarded in this most recent transaction includes: The cover bid, which is the second highest bid for the pool, was 98.12% of UPB. Bids are due on Fannie Mae's Community Impact Pool on September 20, 2023.
Borrower risk for Fannie Mae loans decreased, while increasing for Freddie loans SEATTLE, Sept. 13, 2023 Milliman, Inc., a premier global consulting and actuarial firm, today announced the second quarter 2023 results of the Milliman Mortgage Default Index, which shows Milliman's latest monthly estimate of the lifetime default risk of U.S.-backed mortgages.
Funds will be used to help low-income homeowners in Kentucky, Ohio and Tennessee CINCINNATI, Sept. 13, 2023 /PRNewswire/ -- The Federal Home Loan Bank of Cincinnati awarded nearly $7 million in grants to low-income homeowners to fund accessibility rehabilitation and emergency repairs for those with special needs or persons over 60.
WASHINGTON, Sept. 12, 2023 Fannie Mae today began marketing its thirtieth 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 12,800 loans, having an unpaid principal balance of approximately $2.65?billion, and is available for purchase by qualified bidders.
MINNEAPOLIS, Sept. 7, 2023 ?Rice Park Capital Management?LP, a Minneapolis-based investment firm, is pleased to announce that its subsidiary, Nexus Nova LLC, received Fannie Mae master servicing approval effective September 5, 2023.
HPSI's Low-Level Plateau Continues as Consumers Remain Frustrated by Lack of Affordability WASHINGTON, Sept. 7, 2023 The Fannie Mae Home Purchase Sentiment Index? remained effectively unchanged in August, as consumer confidence toward housing continued along the low-level plateau set earlier this year.
WASHINGTON, Sept. 1, 2023 Fannie Mae?is reminding homeowners and renters impacted by natural disasters, including Hurricane Idalia, of available mortgage assistance and disaster relief options. "The health and safety of those affected by Hurricane Idalia is our most urgent concern," said?Cyndi Danko, Senior Vice President and Chief Credit Officer, Single-Family, Fannie Mae.
Down payment grants made possible through insurer's membership with the?Federal Home Loan Bank of Des Moines?. EAGAN, Minn. and SAINT PAUL, Minn. FHLBanks typically provide AHP funds to member financial institutions that have their own mortgage lending programs.
WASHINGTON, Aug. 25, 2023 Fannie Mae's July 2023 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.
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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