News Results

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 Wednesday, September 6, 2023. Freddie Mac has engaged BofA Securities, Inc. and Wells Fargo Securities, LLC as lead dealer managers and CastleOak Securities, L.P. as co-dealer manager for the Offer.

Greystone, a leading national commercial real estate finance company, announced that Debby Jenkins has joined the firm as an Executive Managing Director. Prior to coming into this newly created role at Greystone, Ms. Jenkins spent nearly 15 years at Freddie Mac where she held a variety of leadership positions, most recently serving as Head of the GSE?s Multifamily platform.

Freddie Mac today is reminding homeowners and mortgage servicers of its relief options for those affected by Hurricane Idalia. ?The protection and safety of those impacted by Hurricane Idalia are our top priority,? said Bill Maguire, Freddie Mac?s Vice President of Single-Family Servicing Portfolio Management.

Diamond Residential Mortgage Corporation reaffirms its commitment to underserved communities by introducing a new enhancement to its Fannie Mae and Freddie Mac offerings. Paul Diamond, CEO of DRMC, stated, "Our primary objective has always been to ensure reliable mortgage solutions for every deserving individual.

Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.18 percent. ?Mortgage rates leveled off this week but remain elevated. News Facts The PMMS? is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit.

Freddie Mac Multifamily today announced that Peter Lillestolen has been named Vice President, Production & Sales of Targeted Affordable Housing. ?Peter is a strong, innovative leader, ready to meet the challenges of Multifamily?s mission-critical businesses,? said Steve Johnson, senior vice president for Multifamily Production & Sales.

Core Specialty Insurance Holdings, Inc. and its subsidiaries announced today it has entered the mortgage reinsurance market in collaboration with Enact Holdings, Inc. (ACT). Core Specialty will provide excess of loss reinsurance on selected Freddie Mac and Fannie Mae mortgages.

Flushing Financial Corporation (FFIC), the parent holding company for Flushing Bank, announced today that it has successfully secured two grants from the Federal Home Loan Bank of New York through its Affordable Housing Program. The first grant was for $1.5 million dollars on behalf of the Town of Hempstead Housing Authority Program and its developer, Georgica Green Ventures, LLC.

Voxtur Analytics Corp. (VXTRF), a North American technology company creating a more transparent and accessible real estate lending ecosystem, announces?the launch of Voxtur Data Collection, or VDC, a comprehensive solution for Property Data Collection. VDC is powered by Voxtur?s Walkthrough technology, a web-based interface that ensures complete and compliant universal data collection.

Freddie Mac announced today an approximate $628 million non-performing loan sale, via an auction of seasoned non-performing residential first lien loans held in Freddie Mac?s mortgage-related investments portfolio.

Freddie Mac today posted to its website its Monthly Volume Summary for July 2023, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments. Freddie Mac?s mission is to make home possible for families across the nation.

Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.23 percent. ?This week, the 30-year fixed-rate mortgage reached its highest level since 2001 and indications of ongoing economic strength will likely continue to keep upward pressure on rates in the short-term,? said Sam Khater, Freddie Mac?s Chief Economist.

The Federal Home Loan Bank of Indianapolis announced today that it will repurchase, on a voluntary basis and for a limited time, up to $200 million in par value of excess stock from members by Sept. 27, 2023. Interested members must make repurchase requests in writing during a 14-day period beginning Sept. 6, 2023.

Mortgage rates continued to climb in August, nearing seven percent, while the inventory of homes across New York State continued to drop to near record lows, according to the housing report released today by the New York State Association of REALTORS?. Interest rates continued their upward trajectory in August, according to Freddie Mac.

Federal Home Loan Bank of Atlanta today announced its 2023 Affordable Housing Program General Fund awards. For the complete list of 2023 winners, click here. AHP General Funds are awarded annually through a competitive application process.

Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 7.09 percent. ?The economy continues to do better than expected and the 10-year Treasury yield has moved up, causing mortgage rates to climb,? said Sam Khater, Freddie Mac?s Chief Economist.

Freddie Mac today is reminding homeowners and mortgage servicers of its immediate relief options for those affected by the tragic wildfires in Maui. ?The safety of those impacted by the destruction and devastation in Maui is paramount,? said Bill Maguire, Freddie Mac?s Vice President of Single-Family Servicing Portfolio Management.

Greystone, a leading national commercial real estate finance company, has provided an $11,050,000 Fannie Mae Delegated Underwriting & Servicing loan for a 135-unit multifamily property in Meridien, Connecticut. Constructed in 1921, The Kennedy Building in New Haven County is a five-story midrise building offering studio apartments, as well as one- and two-bedroom units.

Greystone, a leading national commercial real estate finance company, has provided a $20.9 million Fannie Mae Multifamily Affordable Housing loan for the acquisition of Parkside Place, a 321-unit, income and rent-restricted garden apartment complex located in Pasadena, Texas. Parkside Place consists of 27 two-story apartment buildings situated on an 11.24-acre site.

Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.96 percent. ?For the third straight week, mortgage rates continued creeping up and are now just shy of seven percent,? said Sam Khater, Freddie Mac?s Chief Economist.

Greystone, a leading national commercial real estate finance company, has provided $27,325,000 in total Fannie Mae Delegated Underwriting & Servicing financing for a two-property portfolio in Greensboro, North Carolina.

Speaking at the 75TH annual convention of the National Association of Real Estate Brokers in Houston last week, Teresa Bryce Bazemore, President and CEO of the Federal Home Loan Bank of San Francisco, credited the organization with playing a critical role in advancing homeownership for African Americans, and other families in marginalized communities across the country.

Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.90 percent. ?The combination of upbeat economic data and the U.S. government credit rating downgrade caused mortgage rates to rise this week,? said Sam Khater, Freddie Mac?s Chief Economist.

Leading computer vision and AI solutions provider Restb.ai will unveil its innovative Valuation Product Suite at the 20th Annual Valuation Expo, August 7-9, at the Mirage Hotel in Las Vegas. With the introduction of the new GSE standards, requiring more detailed data for each property report, the efficient processing and handling of inspections is paramount.

Freddie Mac's? Single-Family Credit Risk Transfer program recently marked 10 years of innovation in credit risk management. Freddie Mac launched its first-ever Single-Family CRT offering, STACR? 2013-DN1 on July 23, 2013, with $500 million of notes across two classes. ?The first STACR and ACIS transactions in 2013 did more than help Freddie Mac manage its credit risk.

Freddie Mac announced today the pricing of its first Seasoned Credit Risk Transfer Trust offering of 2023?a securitization of approximately $471 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans.

Freddie Mac??today announced enhancements to its automated income assessment tool to include tax transcripts as a new data source. The new capability is available to mortgage lenders nationwide through Freddie Mac?s Loan Product Advisor? asset and income modeler.

Freddie Mac today reported its Second Quarter 2023 financial results and filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission. The company will hold a call at 9 a.m. Eastern Time today, August 2, 2023, to share its results with the media. Freddie Mac?s mission is to make home possible for families across the nation.

In an effort to help make homeownership more equitable in Indiana and Michigan, the Federal Home Loan Bank of Indianapolis has allocated $2 million in additional funds for the Bank?s pilot HomeBoost minority down payment assistance program.

Greystone, a leading national commercial real estate finance company, has provided a $18,296,000 Fannie Mae Delegated Underwriting & Servicing loan to refinance a 154-unit multifamily property in Brooklyn, New York. Located in the Bedford-Stuyvesant neighborhood of Brooklyn, 400 Herkimer Street is situated on 18 acres of land and is contained in one six-story residential building.

Freddie Mac announced today that it plans to report its Second Quarter 2023 financial results before the U.S. financial markets open on Wednesday, August 2, 2023. The company will hold a call at 9 a.m. Eastern Time on Wednesday, August 2, 2023, to share the company?s results with the media. Freddie Mac?s mission is to make home possible for families across the nation.

The Federal Home Loan Bank of San Francisco today announced second quarter 2023 operating results. ?The Federal Home Loan Bank of San Francisco continues to play an important and irreplaceable role in providing critical liquidity to our member financial institutions,? said Teresa Bryce Bazemore, president and chief executive officer.

Today the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its second quarter 2023 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 7.50% and 2.50%, respectively.

Federal Home Loan Bank of Atlanta today released preliminary unaudited financial highlights for the quarter ended June?30, 2023. Operating Results for the Second Quarter 2023. Financial Condition Highlights. Affordable Housing and Community Investment. Reliable Source of Liquidity.

The board of directors of the Federal Home Loan Bank of Atlanta today approved a second quarter 2023 cash dividend at an annualized rate of 6.97 percent. ?The Bank remains focused on reliably meeting the liquidity needs of our members in all market environments,? said FHLBank Atlanta Chair of the Board, Thornwell Dunlap.

Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.81 percent. ?Mortgage rates inched up slightly after a significant decline last week,? said Sam Khater, Freddie Mac?s Chief Economist.

Dividend The Board of Directors approved a second quarter 2023 dividend at an annualized rate of 7.95 percent on activity-based stock, and 3.00 percent on membership stock, unchanged from the prior quarter.

Freddie Mac today posted to its website its Monthly Volume Summary for June 2023, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments. Freddie Mac?s mission is to make home possible for families across the nation.

Greystone, a leading national commercial real estate finance company, has provided a $26.7 million Fannie Mae Delegated Underwriting and Servicing loan for the acquisition of a 250-unit multifamily property in Hampton, Georgia. Lakeside Villas Apartment Homes, constructed in 2002, sits on 23.09 acres and consists of 13 three-story residential buildings.

Freddie Mac today released the results of its?Primary Mortgage Market Survey??, showing the 30-year fixed-rate mortgage averaged 6.78 percent. ?As inflation slows, mortgage rates decreased this week,? said Sam Khater, Freddie Mac?s Chief Economist.